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STARWOOD PROPERTY TRUST, INC.（STWD）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
STARWOOD PROPERTY TRUST, INC.的季度营收约是W. P. Carey Inc.的1.1倍（$492.9M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs 19.7%，领先13.7%），W. P. Carey Inc.同比增速更快（9.4% vs 8.5%），过去两年W. P. Carey Inc.的营收复合增速更高（6.8% 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。
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。
STWD vs WPC — 直观对比
营收规模更大
STWD
是对方的1.1倍
$444.5M
营收增速更快
WPC
高出1.0%
8.5%
净利率更高
WPC
高出13.7%
19.7%
两年增速更快
WPC
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $492.9M | $444.5M |
| 净利润 | $96.9M | $148.3M |
| 毛利率 | — | — |
| 营业利润率 | 26.6% | 34.5% |
| 净利率 | 19.7% | 33.4% |
| 营收同比 | 8.5% | 9.4% |
| 净利润同比 | 87.7% | 215.4% |
| 每股收益（稀释后） | $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STWDWPC
| Q4 25 | $492.9M | $444.5M | ||
| Q3 25 | $488.9M | $431.3M | ||
| Q2 25 | $444.3M | $430.8M | ||
| Q1 25 | $418.2M | $409.9M | ||
| Q4 24 | $454.4M | $406.2M | ||
| Q3 24 | $479.5M | $397.4M | ||
| Q2 24 | $489.8M | $389.7M | ||
| Q1 24 | $523.1M | $389.8M |
净利润STWDWPC
| Q4 25 | $96.9M | $148.3M | ||
| Q3 25 | $72.6M | $141.0M | ||
| Q2 25 | $129.8M | $51.2M | ||
| Q1 25 | $112.3M | $125.8M | ||
| Q4 24 | $51.6M | $47.0M | ||
| Q3 24 | $76.1M | $111.7M | ||
| Q2 24 | $77.9M | $142.9M | ||
| Q1 24 | $154.3M | $159.2M |
营业利润率STWDWPC
| Q4 25 | 26.6% | 34.5% | ||
| Q3 25 | 19.1% | 34.7% | ||
| Q2 25 | 30.5% | 15.0% | ||
| Q1 25 | 28.7% | 33.5% | ||
| Q4 24 | 15.1% | 13.5% | ||
| Q3 24 | 17.2% | 30.4% | ||
| Q2 24 | 19.1% | 38.3% | ||
| Q1 24 | 30.8% | 43.0% |
净利率STWDWPC
| Q4 25 | 19.7% | 33.4% | ||
| Q3 25 | 14.8% | 32.7% | ||
| Q2 25 | 29.2% | 11.9% | ||
| Q1 25 | 26.8% | 30.7% | ||
| Q4 24 | 11.4% | 11.6% | ||
| Q3 24 | 15.9% | 28.1% | ||
| Q2 24 | 15.9% | 36.7% | ||
| Q1 24 | 29.5% | 40.8% |
每股收益（稀释后）STWDWPC
| Q4 25 | $0.25 | — | ||
| Q3 25 | $0.19 | — | ||
| Q2 25 | $0.38 | — | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $0.15 | — | ||
| Q3 24 | $0.23 | — | ||
| Q2 24 | $0.24 | — | ||
| Q1 24 | $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 | $499.5M | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $6.8B | $8.1B |
| 总资产 | $63.2B | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资STWDWPC
| Q4 25 | $499.5M | $155.3M | ||
| Q3 25 | $301.1M | $249.0M | ||
| Q2 25 | $259.9M | $244.8M | ||
| Q1 25 | $440.6M | $187.8M | ||
| Q4 24 | $377.8M | $640.4M | ||
| Q3 24 | $357.9M | $818.2M | ||
| Q2 24 | $259.3M | $1.1B | ||
| Q1 24 | $327.4M | $777.0M |
总债务STWDWPC
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B | ||
| Q1 24 | — | $7.9B |
股东权益STWDWPC
| Q4 25 | $6.8B | $8.1B | ||
| Q3 25 | $6.9B | $8.2B | ||
| Q2 25 | $6.4B | $8.2B | ||
| Q1 25 | $6.4B | $8.4B | ||
| Q4 24 | $6.4B | $8.4B | ||
| Q3 24 | $6.5B | $8.6B | ||
| Q2 24 | $6.2B | $8.6B | ||
| Q1 24 | $6.3B | $8.7B |
总资产STWDWPC
| Q4 25 | $63.2B | $18.0B | ||
| Q3 25 | $62.4B | $18.0B | ||
| Q2 25 | $62.4B | $18.0B | ||
| Q1 25 | $62.2B | $17.3B | ||
| Q4 24 | $62.6B | $17.5B | ||
| Q3 24 | $64.2B | $17.6B | ||
| Q2 24 | $64.1B | $17.8B | ||
| Q1 24 | $66.2B | $17.6B |
负债/权益比STWDWPC
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 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 | $488.8M | $304.6M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 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× | 2.05× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流STWDWPC
| Q4 25 | $488.8M | $304.6M | ||
| Q3 25 | $337.6M | $300.5M | ||
| Q2 25 | $-87.4M | $404.0M | ||
| Q1 25 | $238.9M | $273.2M | ||
| Q4 24 | $295.6M | $296.3M | ||
| Q3 24 | $241.8M | $280.2M | ||
| Q2 24 | $53.3M | $221.0M | ||
| Q1 24 | $55.9M | $1.0B |
现金转化率STWDWPC
| Q4 25 | 5.04× | 2.05× | ||
| Q3 25 | 4.65× | 2.13× | ||
| Q2 25 | -0.67× | 7.89× | ||
| Q1 25 | 2.13× | 2.17× | ||
| Q4 24 | 5.72× | 6.30× | ||
| Q3 24 | 3.18× | 2.51× | ||
| Q2 24 | 0.68× | 1.55× | ||
| Q1 24 | 0.36× | 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
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
WPC
暂无分部数据
