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STARWOOD PROPERTY TRUST, INC.（STWD）与Tyler Technologies（TYL）财务数据对比。点击上方公司名可切换其他公司
Tyler Technologies的季度营收约是STARWOOD PROPERTY TRUST, INC.的1.2倍（$613.5M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 13.2%，领先6.4%），Tyler Technologies同比增速更快（8.6% vs 8.5%），过去两年Tyler Technologies的营收复合增速更高（6.5% vs -2.9%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
STWD vs TYL — 直观对比
营收规模更大
TYL
是对方的1.2倍
$492.9M
营收增速更快
TYL
高出0.1%
8.5%
净利率更高
STWD
高出6.4%
13.2%
两年增速更快
TYL
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $492.9M | $613.5M |
| 净利润 | $96.9M | $81.2M |
| 毛利率 | — | 48.3% |
| 营业利润率 | 26.6% | 16.3% |
| 净利率 | 19.7% | 13.2% |
| 营收同比 | 8.5% | 8.6% |
| 净利润同比 | 87.7% | — |
| 每股收益（稀释后） | $0.25 | $1.88 |
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STWDTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $492.9M | $575.2M | ||
| Q3 25 | $488.9M | $595.9M | ||
| Q2 25 | $444.3M | $596.1M | ||
| Q1 25 | $418.2M | $565.2M | ||
| Q4 24 | $454.4M | $541.1M | ||
| Q3 24 | $479.5M | $543.3M | ||
| Q2 24 | $489.8M | $541.0M |
净利润STWDTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $96.9M | $65.5M | ||
| Q3 25 | $72.6M | $84.4M | ||
| Q2 25 | $129.8M | $84.6M | ||
| Q1 25 | $112.3M | $81.1M | ||
| Q4 24 | $51.6M | $65.2M | ||
| Q3 24 | $76.1M | $75.9M | ||
| Q2 24 | $77.9M | $67.7M |
毛利率STWDTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | — | 45.5% | ||
| Q3 25 | — | 47.2% | ||
| Q2 25 | — | 45.8% | ||
| Q1 25 | — | 47.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 44.0% |
营业利润率STWDTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 26.6% | 13.0% | ||
| Q3 25 | 19.1% | 16.4% | ||
| Q2 25 | 30.5% | 16.0% | ||
| Q1 25 | 28.7% | 15.8% | ||
| Q4 24 | 15.1% | 13.2% | ||
| Q3 24 | 17.2% | 15.2% | ||
| Q2 24 | 19.1% | 14.4% |
净利率STWDTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | 19.7% | 11.4% | ||
| Q3 25 | 14.8% | 14.2% | ||
| Q2 25 | 29.2% | 14.2% | ||
| Q1 25 | 26.8% | 14.3% | ||
| Q4 24 | 11.4% | 12.1% | ||
| Q3 24 | 15.9% | 14.0% | ||
| Q2 24 | 15.9% | 12.5% |
每股收益（稀释后）STWDTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $0.25 | $1.50 | ||
| Q3 25 | $0.19 | $1.93 | ||
| Q2 25 | $0.38 | $1.93 | ||
| Q1 25 | $0.33 | $1.84 | ||
| Q4 24 | $0.15 | $1.48 | ||
| Q3 24 | $0.23 | $1.74 | ||
| Q2 24 | $0.24 | $1.57 |
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 | $499.5M | $346.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.8B | $3.6B |
| 总资产 | $63.2B | $4.8B |
| 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STWDTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $499.5M | $1.1B | ||
| Q3 25 | $301.1M | $950.8M | ||
| Q2 25 | $259.9M | $892.3M | ||
| Q1 25 | $440.6M | $807.4M | ||
| Q4 24 | $377.8M | $768.0M | ||
| Q3 24 | $357.9M | $544.3M | ||
| Q2 24 | $259.3M | $258.0M |
总债务STWDTYL
| Q1 26 | — | — | ||
| Q4 25 | — | $599.7M | ||
| Q3 25 | — | $599.2M | ||
| Q2 25 | — | $598.8M | ||
| Q1 25 | — | $598.4M | ||
| Q4 24 | — | $597.9M | ||
| Q3 24 | — | $597.5M | ||
| Q2 24 | — | $597.1M |
股东权益STWDTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $6.8B | $3.7B | ||
| Q3 25 | $6.9B | $3.6B | ||
| Q2 25 | $6.4B | $3.6B | ||
| Q1 25 | $6.4B | $3.5B | ||
| Q4 24 | $6.4B | $3.4B | ||
| Q3 24 | $6.5B | $3.3B | ||
| Q2 24 | $6.2B | $3.1B |
总资产STWDTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $63.2B | $5.6B | ||
| Q3 25 | $62.4B | $5.5B | ||
| Q2 25 | $62.4B | $5.4B | ||
| Q1 25 | $62.2B | $5.2B | ||
| Q4 24 | $62.6B | $5.2B | ||
| Q3 24 | $64.2B | $5.0B | ||
| Q2 24 | $64.1B | $4.8B |
负债/权益比STWDTYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.16× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 0.16× | ||
| Q1 25 | — | 0.17× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.19× |
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 | $488.8M | $107.3M |
| 自由现金流经营现金流 - 资本支出 | — | $2.0M |
| 自由现金流率自由现金流/营收 | — | 0.3% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 5.04× | 1.32× |
| 过去12个月自由现金流最近4个季度 | — | $585.7M |
8季度趋势，按日历期对齐
经营现金流STWDTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $488.8M | $243.9M | ||
| Q3 25 | $337.6M | $255.2M | ||
| Q2 25 | $-87.4M | $98.3M | ||
| Q1 25 | $238.9M | $56.2M | ||
| Q4 24 | $295.6M | $224.8M | ||
| Q3 24 | $241.8M | $263.7M | ||
| Q2 24 | $53.3M | $64.3M |
自由现金流STWDTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | — | $239.6M | ||
| Q3 25 | — | $251.3M | ||
| Q2 25 | — | $92.8M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $221.0M | ||
| Q3 24 | — | $260.8M | ||
| Q2 24 | — | $57.7M |
自由现金流率STWDTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | — | 41.7% | ||
| Q3 25 | — | 42.2% | ||
| Q2 25 | — | 15.6% | ||
| Q1 25 | — | 9.5% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 48.0% | ||
| Q2 24 | — | 10.7% |
资本支出强度STWDTYL
| Q1 26 | — | — | ||
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 1.2% |
现金转化率STWDTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | 5.04× | 3.72× | ||
| Q3 25 | 4.65× | 3.02× | ||
| Q2 25 | -0.67× | 1.16× | ||
| Q1 25 | 2.13× | 0.69× | ||
| Q4 24 | 5.72× | 3.45× | ||
| Q3 24 | 3.18× | 3.47× | ||
| Q2 24 | 0.68× | 0.95× |
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
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
