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医疗房产信托（SVC）与森馨科技（SXT）财务数据对比。点击上方公司名可切换其他公司
森馨科技的季度营收约是医疗房产信托的1.5倍（$435.8M vs $296.5M），森馨科技净利率更高（10.1% vs -0.3%，领先10.4%），森馨科技同比增速更快（11.1% vs -17.0%），过去两年森馨科技的营收复合增速更高（3.9% vs -6.1%）
医疗房产信托（MPT）是总部位于阿拉巴马州伯明翰的国际房地产投资信托（REIT），主要在美国和欧洲地区收购投资医疗设施与营利性医疗控股公司。该公司的房产收购多采用售后回租模式，原产权方出售房产给MPT后成为承租租户，其租户普遍签订长期三净租约。
森馨科技是总部位于美国威斯康星州密尔沃基的全球化色素、香精香料生产商及销售商，产品广泛应用于食品饮料、医药、化妆品、家居个护、特种印刷成像、计算机成像及工业着色等多个领域，旗下设有香精香料事业部与色素事业部两大核心业务板块。
SVC vs SXT — 直观对比
营收规模更大
SXT
是对方的1.5倍
$296.5M
营收增速更快
SXT
高出28.1%
-17.0%
净利率更高
SXT
高出10.4%
-0.3%
两年增速更快
SXT
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $296.5M | $435.8M |
| 净利润 | $-782.0K | $44.2M |
| 毛利率 | — | — |
| 营业利润率 | -3.9% | 15.3% |
| 净利率 | -0.3% | 10.1% |
| 营收同比 | -17.0% | 11.1% |
| 净利润同比 | 99.0% | 28.2% |
| 每股收益（稀释后） | $-0.01 | $1.04 |
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SVCSXT
| Q1 26 | — | $435.8M | ||
| Q4 25 | $296.5M | $393.4M | ||
| Q3 25 | $377.6M | $412.1M | ||
| Q2 25 | $404.4M | $414.2M | ||
| Q1 25 | $335.0M | $392.3M | ||
| Q4 24 | $357.0M | $376.4M | ||
| Q3 24 | $390.9M | $392.6M | ||
| Q2 24 | $412.5M | $403.5M |
净利润SVCSXT
| Q1 26 | — | $44.2M | ||
| Q4 25 | $-782.0K | $25.5M | ||
| Q3 25 | $-46.9M | $37.0M | ||
| Q2 25 | $-38.2M | $37.6M | ||
| Q1 25 | $-116.4M | $34.5M | ||
| Q4 24 | $-76.4M | $30.1M | ||
| Q3 24 | $-46.9M | $32.7M | ||
| Q2 24 | $-73.8M | $30.9M |
毛利率SVCSXT
| Q1 26 | — | — | ||
| Q4 25 | — | 31.4% | ||
| Q3 25 | — | 34.3% | ||
| Q2 25 | — | 34.5% | ||
| Q1 25 | — | 33.6% | ||
| Q4 24 | — | 31.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 32.4% |
营业利润率SVCSXT
| Q1 26 | — | 15.3% | ||
| Q4 25 | -3.9% | 9.7% | ||
| Q3 25 | -12.8% | 14.0% | ||
| Q2 25 | -9.2% | 13.9% | ||
| Q1 25 | -33.3% | 13.6% | ||
| Q4 24 | -19.4% | 11.2% | ||
| Q3 24 | -12.8% | 12.9% | ||
| Q2 24 | -17.1% | 12.3% |
净利率SVCSXT
| Q1 26 | — | 10.1% | ||
| Q4 25 | -0.3% | 6.5% | ||
| Q3 25 | -12.4% | 9.0% | ||
| Q2 25 | -9.4% | 9.1% | ||
| Q1 25 | -34.8% | 8.8% | ||
| Q4 24 | -21.4% | 8.0% | ||
| Q3 24 | -12.0% | 8.3% | ||
| Q2 24 | -17.9% | 7.7% |
每股收益（稀释后）SVCSXT
| Q1 26 | — | $1.04 | ||
| Q4 25 | $-0.01 | $0.60 | ||
| Q3 25 | $-0.28 | $0.87 | ||
| Q2 25 | $-0.23 | $0.88 | ||
| Q1 25 | $-0.70 | $0.81 | ||
| Q4 24 | $-0.46 | $0.71 | ||
| Q3 24 | $-0.28 | $0.77 | ||
| Q2 24 | $-0.45 | $0.73 |
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 | $346.8M | $38.5M |
| 总债务越低越好 | $5.5B | $767.8M |
| 股东权益账面价值 | $646.1M | $1.2B |
| 总资产 | $6.5B | $2.3B |
| 负债/权益比越低杠杆越低 | 8.52× | 0.63× |
8季度趋势，按日历期对齐
现金及短期投资SVCSXT
| Q1 26 | — | $38.5M | ||
| Q4 25 | $346.8M | $36.5M | ||
| Q3 25 | $417.4M | $42.7M | ||
| Q2 25 | $63.2M | $56.7M | ||
| Q1 25 | $80.1M | $32.6M | ||
| Q4 24 | $143.5M | $26.6M | ||
| Q3 24 | $48.6M | $37.0M | ||
| Q2 24 | $14.6M | $30.3M |
总债务SVCSXT
| Q1 26 | — | $767.8M | ||
| Q4 25 | $5.5B | $709.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.8B | $613.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SVCSXT
| Q1 26 | — | $1.2B | ||
| Q4 25 | $646.1M | $1.2B | ||
| Q3 25 | $647.9M | $1.2B | ||
| Q2 25 | $695.9M | $1.2B | ||
| Q1 25 | $734.6M | $1.1B | ||
| Q4 24 | $851.9M | $1.1B | ||
| Q3 24 | $929.0M | $1.1B | ||
| Q2 24 | $1.0B | $1.1B |
总资产SVCSXT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $6.5B | $2.2B | ||
| Q3 25 | $7.0B | $2.2B | ||
| Q2 25 | $6.9B | $2.2B | ||
| Q1 25 | $7.0B | $2.1B | ||
| Q4 24 | $7.1B | $2.0B | ||
| Q3 24 | $7.1B | $2.0B | ||
| Q2 24 | $7.1B | $2.0B |
负债/权益比SVCSXT
| Q1 26 | — | 0.63× | ||
| Q4 25 | 8.52× | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.85× | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-18.5M | — |
| 自由现金流经营现金流 - 资本支出 | $-95.2M | — |
| 自由现金流率自由现金流/营收 | -32.1% | — |
| 资本支出强度资本支出/营收 | 25.9% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-107.0M | — |
8季度趋势，按日历期对齐
经营现金流SVCSXT
| Q1 26 | — | — | ||
| Q4 25 | $-18.5M | $44.6M | ||
| Q3 25 | $98.1M | $44.0M | ||
| Q2 25 | $-7.0K | $48.3M | ||
| Q1 25 | $38.2M | $-9.0M | ||
| Q4 24 | $-9.7M | $21.4M | ||
| Q3 24 | $106.2M | $76.8M | ||
| Q2 24 | $43.8M | $43.8M |
自由现金流SVCSXT
| Q1 26 | — | — | ||
| Q4 25 | $-95.2M | $12.9M | ||
| Q3 25 | $57.9M | $24.2M | ||
| Q2 25 | $-46.6M | $27.1M | ||
| Q1 25 | $-23.2M | $-25.8M | ||
| Q4 24 | $-88.9M | $-1.7M | ||
| Q3 24 | $24.1M | $63.6M | ||
| Q2 24 | $-22.3M | $32.0M |
自由现金流率SVCSXT
| Q1 26 | — | — | ||
| Q4 25 | -32.1% | 3.3% | ||
| Q3 25 | 15.3% | 5.9% | ||
| Q2 25 | -11.5% | 6.5% | ||
| Q1 25 | -6.9% | -6.6% | ||
| Q4 24 | -24.9% | -0.5% | ||
| Q3 24 | 6.2% | 16.2% | ||
| Q2 24 | -5.4% | 7.9% |
资本支出强度SVCSXT
| Q1 26 | — | — | ||
| Q4 25 | 25.9% | 8.0% | ||
| Q3 25 | 10.6% | 4.8% | ||
| Q2 25 | 11.5% | 5.1% | ||
| Q1 25 | 18.3% | 4.3% | ||
| Q4 24 | 22.2% | 6.1% | ||
| Q3 24 | 21.0% | 3.4% | ||
| Q2 24 | 16.0% | 2.9% |
现金转化率SVCSXT
| Q1 26 | — | — | ||
| Q4 25 | — | 1.75× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.28× | ||
| Q1 25 | — | -0.26× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | — | 2.35× | ||
| Q2 24 | — | 1.42× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
