vs
null（SDHC）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是null的1.9倍（$492.9M vs $260.4M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 1.4%，领先18.3%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -9.4%），过去两年null的营收复合增速更高（17.3% vs -2.9%）
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
SDHC vs STWD — 直观对比
营收规模更大
STWD
是对方的1.9倍
$260.4M
营收增速更快
STWD
高出17.9%
-9.4%
净利率更高
STWD
高出18.3%
1.4%
两年增速更快
SDHC
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $260.4M | $492.9M |
| 净利润 | $3.5M | $96.9M |
| 毛利率 | 19.9% | — |
| 营业利润率 | 6.5% | 26.6% |
| 净利率 | 1.4% | 19.7% |
| 营收同比 | -9.4% | 8.5% |
| 净利润同比 | -14.3% | 87.7% |
| 每股收益（稀释后） | $0.39 | $0.25 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收SDHCSTWD
| Q4 25 | $260.4M | $492.9M | ||
| Q3 25 | $262.0M | $488.9M | ||
| Q2 25 | $223.9M | $444.3M | ||
| Q1 25 | $224.7M | $418.2M | ||
| Q4 24 | $287.5M | $454.4M | ||
| Q3 24 | $277.8M | $479.5M | ||
| Q2 24 | $220.9M | $489.8M | ||
| Q1 24 | $189.2M | $523.1M |
净利润SDHCSTWD
| Q4 25 | $3.5M | $96.9M | ||
| Q3 25 | $2.1M | $72.6M | ||
| Q2 25 | $2.4M | $129.8M | ||
| Q1 25 | $2.7M | $112.3M | ||
| Q4 24 | $4.1M | $51.6M | ||
| Q3 24 | $5.3M | $76.1M | ||
| Q2 24 | $3.6M | $77.9M | ||
| Q1 24 | $3.0M | $154.3M |
毛利率SDHCSTWD
| Q4 25 | 19.9% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 25.5% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 26.1% | — |
营业利润率SDHCSTWD
| Q4 25 | 6.5% | 26.6% | ||
| Q3 25 | 6.6% | 19.1% | ||
| Q2 25 | 7.7% | 30.5% | ||
| Q1 25 | 8.7% | 28.7% | ||
| Q4 24 | 10.4% | 15.1% | ||
| Q3 24 | 14.2% | 17.2% | ||
| Q2 24 | 11.7% | 19.1% | ||
| Q1 24 | 11.3% | 30.8% |
净利率SDHCSTWD
| Q4 25 | 1.4% | 19.7% | ||
| Q3 25 | 0.8% | 14.8% | ||
| Q2 25 | 1.1% | 29.2% | ||
| Q1 25 | 1.2% | 26.8% | ||
| Q4 24 | 1.4% | 11.4% | ||
| Q3 24 | 1.9% | 15.9% | ||
| Q2 24 | 1.7% | 15.9% | ||
| Q1 24 | 1.6% | 29.5% |
每股收益（稀释后）SDHCSTWD
| Q4 25 | $0.39 | $0.25 | ||
| Q3 25 | $0.24 | $0.19 | ||
| Q2 25 | $0.26 | $0.38 | ||
| Q1 25 | $0.30 | $0.33 | ||
| Q4 24 | $0.50 | $0.15 | ||
| Q3 24 | $0.58 | $0.23 | ||
| Q2 24 | $0.40 | $0.24 | ||
| Q1 24 | $0.33 | $0.48 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $12.7M | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $86.7M | $6.8B |
| 总资产 | $557.6M | $63.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资SDHCSTWD
| Q4 25 | $12.7M | $499.5M | ||
| Q3 25 | $14.8M | $301.1M | ||
| Q2 25 | $16.8M | $259.9M | ||
| Q1 25 | $12.7M | $440.6M | ||
| Q4 24 | $22.4M | $377.8M | ||
| Q3 24 | $23.7M | $357.9M | ||
| Q2 24 | $17.3M | $259.3M | ||
| Q1 24 | $32.8M | $327.4M |
股东权益SDHCSTWD
| Q4 25 | $86.7M | $6.8B | ||
| Q3 25 | $82.2M | $6.9B | ||
| Q2 25 | $80.0M | $6.4B | ||
| Q1 25 | $76.9M | $6.4B | ||
| Q4 24 | $73.6M | $6.4B | ||
| Q3 24 | $68.4M | $6.5B | ||
| Q2 24 | $62.1M | $6.2B | ||
| Q1 24 | $59.7M | $6.3B |
总资产SDHCSTWD
| Q4 25 | $557.6M | $63.2B | ||
| Q3 25 | $571.6M | $62.4B | ||
| Q2 25 | $570.2M | $62.4B | ||
| Q1 25 | $513.9M | $62.2B | ||
| Q4 24 | $475.9M | $62.6B | ||
| Q3 24 | $460.1M | $64.2B | ||
| Q2 24 | $429.3M | $64.1B | ||
| Q1 24 | $401.3M | $66.2B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $9.8M | $488.8M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | — |
| 自由现金流率自由现金流/营收 | 3.4% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 2.77× | 5.04× |
| 过去12个月自由现金流最近4个季度 | $-36.9M | — |
8季度趋势，按日历期对齐
经营现金流SDHCSTWD
| Q4 25 | $9.8M | $488.8M | ||
| Q3 25 | $22.8M | $337.6M | ||
| Q2 25 | $-28.9M | $-87.4M | ||
| Q1 25 | $-34.9M | $238.9M | ||
| Q4 24 | $5.5M | $295.6M | ||
| Q3 24 | $22.9M | $241.8M | ||
| Q2 24 | $39.0K | $53.3M | ||
| Q1 24 | $-9.3M | $55.9M |
自由现金流SDHCSTWD
| Q4 25 | $8.7M | — | ||
| Q3 25 | $21.4M | — | ||
| Q2 25 | $-31.1M | — | ||
| Q1 25 | $-35.9M | — | ||
| Q4 24 | $4.8M | — | ||
| Q3 24 | $22.3M | — | ||
| Q2 24 | $-2.1M | — | ||
| Q1 24 | $-9.7M | — |
自由现金流率SDHCSTWD
| Q4 25 | 3.4% | — | ||
| Q3 25 | 8.2% | — | ||
| Q2 25 | -13.9% | — | ||
| Q1 25 | -16.0% | — | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | -1.0% | — | ||
| Q1 24 | -5.1% | — |
资本支出强度SDHCSTWD
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 0.2% | — |
现金转化率SDHCSTWD
| Q4 25 | 2.77× | 5.04× | ||
| Q3 25 | 10.70× | 4.65× | ||
| Q2 25 | -12.24× | -0.67× | ||
| Q1 25 | -13.01× | 2.13× | ||
| Q4 24 | 1.33× | 5.72× | ||
| Q3 24 | 4.28× | 3.18× | ||
| Q2 24 | 0.01× | 0.68× | ||
| Q1 24 | -3.12× | 0.36× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
