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STARWOOD PROPERTY TRUST, INC.（STWD）与Worthington Steel, Inc.（WS）财务数据对比。点击上方公司名可切换其他公司
Worthington Steel, Inc.的季度营收约是STARWOOD PROPERTY TRUST, INC.的1.8倍（$871.9M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs 2.2%，领先17.5%），Worthington Steel, Inc.同比增速更快（18.0% vs 8.5%），过去两年Worthington Steel, Inc.的营收复合增速更高（3.9% 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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
STWD vs WS — 直观对比
营收规模更大
WS
是对方的1.8倍
$492.9M
营收增速更快
WS
高出9.5%
8.5%
净利率更高
STWD
高出17.5%
2.2%
两年增速更快
WS
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $492.9M | $871.9M |
| 净利润 | $96.9M | $18.8M |
| 毛利率 | — | 10.7% |
| 营业利润率 | 26.6% | 2.5% |
| 净利率 | 19.7% | 2.2% |
| 营收同比 | 8.5% | 18.0% |
| 净利润同比 | 87.7% | 46.9% |
| 每股收益（稀释后） | $0.25 | $0.37 |
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STWDWS
| Q4 25 | $492.9M | $871.9M | ||
| Q3 25 | $488.9M | $872.9M | ||
| Q2 25 | $444.3M | $832.9M | ||
| Q1 25 | $418.2M | $687.4M | ||
| Q4 24 | $454.4M | $739.0M | ||
| Q3 24 | $479.5M | $834.0M | ||
| Q2 24 | $489.8M | — | ||
| Q1 24 | $523.1M | $805.8M |
净利润STWDWS
| Q4 25 | $96.9M | $18.8M | ||
| Q3 25 | $72.6M | $36.8M | ||
| Q2 25 | $129.8M | $55.7M | ||
| Q1 25 | $112.3M | $13.8M | ||
| Q4 24 | $51.6M | $12.8M | ||
| Q3 24 | $76.1M | $28.4M | ||
| Q2 24 | $77.9M | — | ||
| Q1 24 | $154.3M | $49.0M |
毛利率STWDWS
| Q4 25 | — | 10.7% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 12.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 14.9% |
营业利润率STWDWS
| Q4 25 | 26.6% | 2.5% | ||
| Q3 25 | 19.1% | 5.5% | ||
| Q2 25 | 30.5% | 8.0% | ||
| Q1 25 | 28.7% | 2.7% | ||
| Q4 24 | 15.1% | 2.6% | ||
| Q3 24 | 17.2% | 5.2% | ||
| Q2 24 | 19.1% | — | ||
| Q1 24 | 30.8% | 8.2% |
净利率STWDWS
| Q4 25 | 19.7% | 2.2% | ||
| Q3 25 | 14.8% | 4.2% | ||
| Q2 25 | 29.2% | 6.7% | ||
| Q1 25 | 26.8% | 2.0% | ||
| Q4 24 | 11.4% | 1.7% | ||
| Q3 24 | 15.9% | 3.4% | ||
| Q2 24 | 15.9% | — | ||
| Q1 24 | 29.5% | 6.1% |
每股收益（稀释后）STWDWS
| Q4 25 | $0.25 | $0.37 | ||
| Q3 25 | $0.19 | $0.72 | ||
| Q2 25 | $0.38 | $1.11 | ||
| Q1 25 | $0.33 | $0.27 | ||
| Q4 24 | $0.15 | $0.25 | ||
| Q3 24 | $0.23 | $0.56 | ||
| Q2 24 | $0.24 | — | ||
| Q1 24 | $0.48 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $6.8B | $1.1B |
| 总资产 | $63.2B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资STWDWS
| Q4 25 | $499.5M | $89.8M | ||
| Q3 25 | $301.1M | $78.3M | ||
| Q2 25 | $259.9M | $38.0M | ||
| Q1 25 | $440.6M | $63.3M | ||
| Q4 24 | $377.8M | $52.0M | ||
| Q3 24 | $357.9M | $36.0M | ||
| Q2 24 | $259.3M | — | ||
| Q1 24 | $327.4M | $60.8M |
总债务STWDWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益STWDWS
| Q4 25 | $6.8B | $1.1B | ||
| Q3 25 | $6.9B | $1.1B | ||
| Q2 25 | $6.4B | $1.1B | ||
| Q1 25 | $6.4B | $1.0B | ||
| Q4 24 | $6.4B | $1.0B | ||
| Q3 24 | $6.5B | $1.0B | ||
| Q2 24 | $6.2B | — | ||
| Q1 24 | $6.3B | $937.6M |
总资产STWDWS
| Q4 25 | $63.2B | $2.1B | ||
| Q3 25 | $62.4B | $2.2B | ||
| Q2 25 | $62.4B | $2.0B | ||
| Q1 25 | $62.2B | $1.8B | ||
| Q4 24 | $62.6B | $1.7B | ||
| Q3 24 | $64.2B | $1.8B | ||
| Q2 24 | $64.1B | — | ||
| Q1 24 | $66.2B | $1.8B |
负债/权益比STWDWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | — | $74.6M |
| 自由现金流率自由现金流/营收 | — | 8.6% |
| 资本支出强度资本支出/营收 | — | 2.8% |
| 现金转化率经营现金流/净利润 | 5.04× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流STWDWS
| Q4 25 | $488.8M | $99.3M | ||
| Q3 25 | $337.6M | $-6.3M | ||
| Q2 25 | $-87.4M | $53.9M | ||
| Q1 25 | $238.9M | $53.8M | ||
| Q4 24 | $295.6M | $68.0M | ||
| Q3 24 | $241.8M | $54.6M | ||
| Q2 24 | $53.3M | — | ||
| Q1 24 | $55.9M | $44.7M |
自由现金流STWDWS
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $-35.7M | ||
| Q2 25 | — | $8.4M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | — | $33.2M | ||
| Q3 24 | — | $33.1M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $22.3M |
自由现金流率STWDWS
| Q4 25 | — | 8.6% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
资本支出强度STWDWS
| Q4 25 | — | 2.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.8% |
现金转化率STWDWS
| Q4 25 | 5.04× | 5.28× | ||
| Q3 25 | 4.65× | -0.17× | ||
| Q2 25 | -0.67× | 0.97× | ||
| Q1 25 | 2.13× | 3.90× | ||
| Q4 24 | 5.72× | 5.31× | ||
| Q3 24 | 3.18× | 1.92× | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.36× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
