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Surgery Partners, Inc.（SGRY）与W. P. Carey Inc.（WPC）财务数据对比。点击上方公司名可切换其他公司
Surgery Partners, Inc.的季度营收约是W. P. Carey Inc.的2.0倍（$885.0M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs -1.7%，领先35.1%），W. P. Carey Inc.同比增速更快（9.4% vs 2.4%），过去两年Surgery Partners, Inc.的营收复合增速更高（11.1% vs 6.8%）
Surgery Partners, Inc.（NASDAQ代码：SGRY）旗下的United Surgical Partners International（USPI）是美国领先的日间手术护理服务商，总部位于得克萨斯州达拉斯，由唐·斯廷于1998年创立，专注于为患者提供便捷、高效的门诊外科医疗服务，运营多家合规手术中心，覆盖美国多地医疗需求场景。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
SGRY vs WPC — 直观对比
营收规模更大
SGRY
是对方的2.0倍
$444.5M
营收增速更快
WPC
高出7.1%
2.4%
净利率更高
WPC
高出35.1%
-1.7%
两年增速更快
SGRY
近两年复合增速
6.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $885.0M | $444.5M |
| 净利润 | $-15.0M | $148.3M |
| 毛利率 | — | — |
| 营业利润率 | 12.5% | 34.5% |
| 净利率 | -1.7% | 33.4% |
| 营收同比 | 2.4% | 9.4% |
| 净利润同比 | 86.2% | 215.4% |
| 每股收益（稀释后） | $-0.11 | — |
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SGRYWPC
| Q4 25 | $885.0M | $444.5M | ||
| Q3 25 | $821.5M | $431.3M | ||
| Q2 25 | $826.2M | $430.8M | ||
| Q1 25 | $776.0M | $409.9M | ||
| Q4 24 | $864.4M | $406.2M | ||
| Q3 24 | $770.4M | $397.4M | ||
| Q2 24 | $762.1M | $389.7M | ||
| Q1 24 | $717.4M | $389.8M |
净利润SGRYWPC
| Q4 25 | $-15.0M | $148.3M | ||
| Q3 25 | $-22.7M | $141.0M | ||
| Q2 25 | $-2.5M | $51.2M | ||
| Q1 25 | $-37.7M | $125.8M | ||
| Q4 24 | $-108.5M | $47.0M | ||
| Q3 24 | $-31.7M | $111.7M | ||
| Q2 24 | $-15.5M | $142.9M | ||
| Q1 24 | $-12.4M | $159.2M |
营业利润率SGRYWPC
| Q4 25 | 12.5% | 34.5% | ||
| Q3 25 | 12.9% | 34.7% | ||
| Q2 25 | 13.5% | 15.0% | ||
| Q1 25 | 8.0% | 33.5% | ||
| Q4 24 | 14.7% | 13.5% | ||
| Q3 24 | 7.9% | 30.4% | ||
| Q2 24 | 11.1% | 38.3% | ||
| Q1 24 | 10.6% | 43.0% |
净利率SGRYWPC
| Q4 25 | -1.7% | 33.4% | ||
| Q3 25 | -2.8% | 32.7% | ||
| Q2 25 | -0.3% | 11.9% | ||
| Q1 25 | -4.9% | 30.7% | ||
| Q4 24 | -12.6% | 11.6% | ||
| Q3 24 | -4.1% | 28.1% | ||
| Q2 24 | -2.0% | 36.7% | ||
| Q1 24 | -1.7% | 40.8% |
每股收益（稀释后）SGRYWPC
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.18 | — | ||
| Q2 25 | $-0.02 | — | ||
| Q1 25 | $-0.30 | — | ||
| Q4 24 | $-0.86 | — | ||
| Q3 24 | $-0.25 | — | ||
| Q2 24 | $-0.12 | — | ||
| Q1 24 | $-0.10 | — |
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 | $239.9M | $155.3M |
| 总债务越低越好 | $3.6B | $8.7B |
| 股东权益账面价值 | $1.7B | $8.1B |
| 总资产 | $8.1B | $18.0B |
| 负债/权益比越低杠杆越低 | 2.10× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资SGRYWPC
| Q4 25 | $239.9M | $155.3M | ||
| Q3 25 | $203.4M | $249.0M | ||
| Q2 25 | $250.1M | $244.8M | ||
| Q1 25 | $229.3M | $187.8M | ||
| Q4 24 | $269.5M | $640.4M | ||
| Q3 24 | $221.8M | $818.2M | ||
| Q2 24 | $213.5M | $1.1B | ||
| Q1 24 | $185.2M | $777.0M |
总债务SGRYWPC
| Q4 25 | $3.6B | $8.7B | ||
| Q3 25 | $3.5B | $8.7B | ||
| Q2 25 | $3.5B | $8.6B | ||
| Q1 25 | $3.4B | $7.9B | ||
| Q4 24 | $3.3B | $8.0B | ||
| Q3 24 | $3.1B | $8.0B | ||
| Q2 24 | $3.0B | $8.1B | ||
| Q1 24 | $2.8B | $7.9B |
股东权益SGRYWPC
| Q4 25 | $1.7B | $8.1B | ||
| Q3 25 | $1.7B | $8.2B | ||
| Q2 25 | $1.7B | $8.2B | ||
| Q1 25 | $1.7B | $8.4B | ||
| Q4 24 | $1.8B | $8.4B | ||
| Q3 24 | $1.9B | $8.6B | ||
| Q2 24 | $2.0B | $8.6B | ||
| Q1 24 | $2.0B | $8.7B |
总资产SGRYWPC
| Q4 25 | $8.1B | $18.0B | ||
| Q3 25 | $7.9B | $18.0B | ||
| Q2 25 | $8.0B | $18.0B | ||
| Q1 25 | $7.9B | $17.3B | ||
| Q4 24 | $7.9B | $17.5B | ||
| Q3 24 | $7.5B | $17.6B | ||
| Q2 24 | $7.5B | $17.8B | ||
| Q1 24 | $7.0B | $17.6B |
负债/权益比SGRYWPC
| Q4 25 | 2.10× | 1.07× | ||
| Q3 25 | 2.00× | 1.06× | ||
| Q2 25 | 1.98× | 1.05× | ||
| Q1 25 | 1.98× | 0.94× | ||
| Q4 24 | 1.83× | 0.95× | ||
| Q3 24 | 1.63× | 0.93× | ||
| Q2 24 | 1.56× | 0.94× | ||
| Q1 24 | 1.42× | 0.91× |
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 | $103.4M | $304.6M |
| 自由现金流经营现金流 - 资本支出 | $90.6M | — |
| 自由现金流率自由现金流/营收 | 10.2% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | 2.05× |
| 过去12个月自由现金流最近4个季度 | $195.6M | — |
8季度趋势，按日历期对齐
经营现金流SGRYWPC
| Q4 25 | $103.4M | $304.6M | ||
| Q3 25 | $83.6M | $300.5M | ||
| Q2 25 | $81.3M | $404.0M | ||
| Q1 25 | $6.0M | $273.2M | ||
| Q4 24 | $111.4M | $296.3M | ||
| Q3 24 | $65.2M | $280.2M | ||
| Q2 24 | $82.8M | $221.0M | ||
| Q1 24 | $40.7M | $1.0B |
自由现金流SGRYWPC
| Q4 25 | $90.6M | — | ||
| Q3 25 | $63.8M | — | ||
| Q2 25 | $57.9M | — | ||
| Q1 25 | $-16.7M | — | ||
| Q4 24 | $89.1M | — | ||
| Q3 24 | $45.0M | — | ||
| Q2 24 | $55.9M | — | ||
| Q1 24 | $19.7M | — |
自由现金流率SGRYWPC
| Q4 25 | 10.2% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | -2.2% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 7.3% | — | ||
| Q1 24 | 2.7% | — |
资本支出强度SGRYWPC
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.4% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.6% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 2.9% | — |
现金转化率SGRYWPC
| Q4 25 | — | 2.05× | ||
| Q3 25 | — | 2.13× | ||
| Q2 25 | — | 7.89× | ||
| Q1 25 | — | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | — | 2.51× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | — | 6.50× |
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
SGRY
| Private Insurance | $460.5M | 52% |
| Government Revenue | $368.6M | 42% |
| Other | $19.8M | 2% |
| Self Pay Revenue | $19.6M | 2% |
| Other Patient Service Revenue Sources | $16.5M | 2% |
WPC
暂无分部数据
