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SmartStop Self Storage REIT, Inc.（SMA）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
再鼎医药的季度营收约是SmartStop Self Storage REIT, Inc.的1.6倍（$127.1M vs $78.4M），SmartStop Self Storage REIT, Inc.同比增速更快（29.4% vs 17.1%），过去两年再鼎医药的营收复合增速更高（20.8% vs 17.3%）
SmartStop Self Storage REIT, Inc.是一家专注于持有、运营及收购优质自助仓储物业的房地产投资信托，业务覆盖美国多州与加拿大部分省份，为居民及商业客户提供安全灵活的个人物品、企业库存及季节性物品存储服务。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
SMA vs ZLAB — 直观对比
营收规模更大
ZLAB
是对方的1.6倍
$78.4M
营收增速更快
SMA
高出12.2%
17.1%
两年增速更快
ZLAB
近两年复合增速
17.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $78.4M | $127.1M |
| 净利润 | $3.0M | — |
| 毛利率 | 61.2% | 51.0% |
| 营业利润率 | 24.0% | -54.6% |
| 净利率 | 3.8% | — |
| 营收同比 | 29.4% | 17.1% |
| 净利润同比 | 2080.0% | — |
| 每股收益（稀释后） | — | $-0.05 |
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SMAZLAB
| Q4 25 | $78.4M | $127.1M | ||
| Q3 25 | $70.4M | $115.4M | ||
| Q2 25 | $66.8M | $109.1M | ||
| Q1 25 | $65.4M | $105.7M | ||
| Q4 24 | $60.6M | $108.5M | ||
| Q3 24 | $60.2M | $101.8M | ||
| Q2 24 | $59.2M | $100.1M | ||
| Q1 24 | $57.0M | $87.1M |
净利润SMAZLAB
| Q4 25 | $3.0M | — | ||
| Q3 25 | $5.2M | $-36.0M | ||
| Q2 25 | $-4.8M | $-40.7M | ||
| Q1 25 | $-5.5M | $-48.4M | ||
| Q4 24 | $-150.0K | — | ||
| Q3 24 | $-6.2M | $-41.7M | ||
| Q2 24 | $-705.0K | $-80.3M | ||
| Q1 24 | $-1.6M | $-53.5M |
毛利率SMAZLAB
| Q4 25 | 61.2% | 51.0% | ||
| Q3 25 | 60.9% | 59.5% | ||
| Q2 25 | 59.3% | 60.6% | ||
| Q1 25 | 64.1% | 63.6% | ||
| Q4 24 | 66.3% | 61.5% | ||
| Q3 24 | 64.8% | 64.1% | ||
| Q2 24 | 66.4% | 64.9% | ||
| Q1 24 | 65.1% | 61.4% |
营业利润率SMAZLAB
| Q4 25 | 24.0% | -54.6% | ||
| Q3 25 | 18.1% | -42.3% | ||
| Q2 25 | 15.4% | -50.3% | ||
| Q1 25 | 26.3% | -53.3% | ||
| Q4 24 | 29.4% | -62.6% | ||
| Q3 24 | 29.4% | -66.6% | ||
| Q2 24 | 29.9% | -76.0% | ||
| Q1 24 | 28.0% | -80.7% |
净利率SMAZLAB
| Q4 25 | 3.8% | — | ||
| Q3 25 | 7.4% | -31.2% | ||
| Q2 25 | -7.2% | -37.3% | ||
| Q1 25 | -8.3% | -45.8% | ||
| Q4 24 | -0.2% | — | ||
| Q3 24 | -10.3% | -40.9% | ||
| Q2 24 | -1.2% | -80.2% | ||
| Q1 24 | -2.9% | -61.4% |
每股收益（稀释后）SMAZLAB
| Q4 25 | — | $-0.05 | ||
| Q3 25 | $0.09 | $-0.03 | ||
| Q2 25 | $-0.16 | $-0.04 | ||
| Q1 25 | $-0.35 | $-0.04 | ||
| Q4 24 | — | $-0.09 | ||
| Q3 24 | $-0.26 | $-0.04 | ||
| Q2 24 | $-0.16 | $-0.08 | ||
| Q1 24 | $-0.20 | $-0.05 |
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 | $54.2M | $689.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $715.5M |
| 总资产 | $2.4B | $1.2B |
| 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SMAZLAB
| Q4 25 | $54.2M | $689.6M | ||
| Q3 25 | $47.8M | $717.2M | ||
| Q2 25 | $37.7M | $732.2M | ||
| Q1 25 | $35.2M | $757.3M | ||
| Q4 24 | $23.1M | $779.7M | ||
| Q3 24 | $36.7M | $616.1M | ||
| Q2 24 | $34.7M | $630.0M | ||
| Q1 24 | $39.2M | $650.8M |
股东权益SMAZLAB
| Q4 25 | $1.2B | $715.5M | ||
| Q3 25 | $1.2B | $759.9M | ||
| Q2 25 | $1.2B | $791.7M | ||
| Q1 25 | $303.0M | $810.8M | ||
| Q4 24 | $325.7M | $840.9M | ||
| Q3 24 | $343.9M | $667.7M | ||
| Q2 24 | $365.8M | $704.2M | ||
| Q1 24 | $384.8M | $762.2M |
总资产SMAZLAB
| Q4 25 | $2.4B | $1.2B | ||
| Q3 25 | $2.4B | $1.2B | ||
| Q2 25 | $2.3B | $1.2B | ||
| Q1 25 | $2.1B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $1.9B | $985.3M | ||
| Q2 24 | $1.9B | $987.4M | ||
| Q1 24 | $1.9B | $988.4M |
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 | $85.0M | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-26.7M |
| 自由现金流率自由现金流/营收 | — | -21.0% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | 28.61× | — |
| 过去12个月自由现金流最近4个季度 | — | $-158.9M |
8季度趋势，按日历期对齐
经营现金流SMAZLAB
| Q4 25 | $85.0M | $-26.0M | ||
| Q3 25 | $52.1M | $-32.0M | ||
| Q2 25 | $8.0M | $-31.0M | ||
| Q1 25 | $10.6M | $-61.7M | ||
| Q4 24 | $64.0M | $-55.8M | ||
| Q3 24 | $21.7M | $-26.8M | ||
| Q2 24 | $17.3M | $-42.2M | ||
| Q1 24 | $14.4M | $-90.1M |
自由现金流SMAZLAB
| Q4 25 | — | $-26.7M | ||
| Q3 25 | — | $-35.0M | ||
| Q2 25 | — | $-33.9M | ||
| Q1 25 | — | $-63.2M | ||
| Q4 24 | — | $-58.4M | ||
| Q3 24 | — | $-28.2M | ||
| Q2 24 | — | $-42.9M | ||
| Q1 24 | — | $-91.1M |
自由现金流率SMAZLAB
| Q4 25 | — | -21.0% | ||
| Q3 25 | — | -30.4% | ||
| Q2 25 | — | -31.1% | ||
| Q1 25 | — | -59.9% | ||
| Q4 24 | — | -53.8% | ||
| Q3 24 | — | -27.7% | ||
| Q2 24 | — | -42.9% | ||
| Q1 24 | — | -104.5% |
资本支出强度SMAZLAB
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 2.6% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
现金转化率SMAZLAB
| Q4 25 | 28.61× | — | ||
| Q3 25 | 9.96× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
SMA
| Self Storage Rental Revenue | $62.0M | 79% |
| Other | $11.9M | 15% |
| Ancillary Operating Revenue | $2.9M | 4% |
| Asset Management1 | $1.7M | 2% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
