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医疗房产信托（SVC）与Tecnoglass Inc.（TGLS）财务数据对比。点击上方公司名可切换其他公司
医疗房产信托的季度营收约是Tecnoglass Inc.的1.2倍（$296.5M vs $245.3M），Tecnoglass Inc.净利率更高（10.6% vs -0.3%，领先10.9%），Tecnoglass Inc.同比增速更快（2.4% vs -17.0%），Tecnoglass Inc.自由现金流更多（$11.4M vs $-95.2M），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% 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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
SVC vs TGLS — 直观对比
营收规模更大
SVC
是对方的1.2倍
$245.3M
营收增速更快
TGLS
高出19.4%
-17.0%
净利率更高
TGLS
高出10.9%
-0.3%
自由现金流更多
TGLS
多$106.6M
$-95.2M
两年增速更快
TGLS
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $296.5M | $245.3M |
| 净利润 | $-782.0K | $26.1M |
| 毛利率 | — | 40.0% |
| 营业利润率 | -3.9% | 18.3% |
| 净利率 | -0.3% | 10.6% |
| 营收同比 | -17.0% | 2.4% |
| 净利润同比 | 99.0% | -44.5% |
| 每股收益（稀释后） | $-0.01 | $0.57 |
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SVCTGLS
| Q4 25 | $296.5M | $245.3M | ||
| Q3 25 | $377.6M | $260.5M | ||
| Q2 25 | $404.4M | $255.5M | ||
| Q1 25 | $335.0M | $222.3M | ||
| Q4 24 | $357.0M | $239.6M | ||
| Q3 24 | $390.9M | $238.3M | ||
| Q2 24 | $412.5M | $219.7M | ||
| Q1 24 | $336.2M | $192.6M |
净利润SVCTGLS
| Q4 25 | $-782.0K | $26.1M | ||
| Q3 25 | $-46.9M | $47.2M | ||
| Q2 25 | $-38.2M | $44.1M | ||
| Q1 25 | $-116.4M | $42.2M | ||
| Q4 24 | $-76.4M | $47.0M | ||
| Q3 24 | $-46.9M | $49.5M | ||
| Q2 24 | $-73.8M | $35.0M | ||
| Q1 24 | $-78.4M | $29.7M |
毛利率SVCTGLS
| Q4 25 | — | 40.0% | ||
| Q3 25 | — | 42.7% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 43.9% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 40.8% | ||
| Q1 24 | — | 38.8% |
营业利润率SVCTGLS
| Q4 25 | -3.9% | 18.3% | ||
| Q3 25 | -12.8% | 25.1% | ||
| Q2 25 | -9.2% | 24.0% | ||
| Q1 25 | -33.3% | 26.7% | ||
| Q4 24 | -19.4% | 28.0% | ||
| Q3 24 | -12.8% | 28.4% | ||
| Q2 24 | -17.1% | 23.3% | ||
| Q1 24 | -21.4% | 21.3% |
净利率SVCTGLS
| Q4 25 | -0.3% | 10.6% | ||
| Q3 25 | -12.4% | 18.1% | ||
| Q2 25 | -9.4% | 17.3% | ||
| Q1 25 | -34.8% | 19.0% | ||
| Q4 24 | -21.4% | 19.6% | ||
| Q3 24 | -12.0% | 20.8% | ||
| Q2 24 | -17.9% | 15.9% | ||
| Q1 24 | -23.3% | 15.4% |
每股收益（稀释后）SVCTGLS
| Q4 25 | $-0.01 | $0.57 | ||
| Q3 25 | $-0.28 | $1.01 | ||
| Q2 25 | $-0.23 | $0.94 | ||
| Q1 25 | $-0.70 | $0.90 | ||
| Q4 24 | $-0.46 | $1.00 | ||
| Q3 24 | $-0.28 | $1.05 | ||
| Q2 24 | $-0.45 | $0.75 | ||
| Q1 24 | $-0.48 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | $5.5B | $174.4M |
| 股东权益账面价值 | $646.1M | $713.1M |
| 总资产 | $6.5B | $1.3B |
| 负债/权益比越低杠杆越低 | 8.52× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资SVCTGLS
| Q4 25 | $346.8M | $104.1M | ||
| Q3 25 | $417.4M | $127.1M | ||
| Q2 25 | $63.2M | $140.9M | ||
| Q1 25 | $80.1M | $160.2M | ||
| Q4 24 | $143.5M | $137.5M | ||
| Q3 24 | $48.6M | $124.8M | ||
| Q2 24 | $14.6M | $129.5M | ||
| Q1 24 | $71.3M | $138.8M |
总债务SVCTGLS
| Q4 25 | $5.5B | $174.4M | ||
| Q3 25 | — | $114.7M | ||
| Q2 25 | — | $110.6M | ||
| Q1 25 | — | $110.6M | ||
| Q4 24 | $5.8B | $111.1M | ||
| Q3 24 | — | $126.8M | ||
| Q2 24 | — | $144.7M | ||
| Q1 24 | — | $160.9M |
股东权益SVCTGLS
| Q4 25 | $646.1M | $713.1M | ||
| Q3 25 | $647.9M | $764.0M | ||
| Q2 25 | $695.9M | $736.0M | ||
| Q1 25 | $734.6M | $685.1M | ||
| Q4 24 | $851.9M | $631.2M | ||
| Q3 24 | $929.0M | $613.3M | ||
| Q2 24 | $1.0B | $574.8M | ||
| Q1 24 | $1.1B | $573.6M |
总资产SVCTGLS
| Q4 25 | $6.5B | $1.3B | ||
| Q3 25 | $7.0B | $1.2B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $7.0B | $1.1B | ||
| Q4 24 | $7.1B | $1.0B | ||
| Q3 24 | $7.1B | $996.3M | ||
| Q2 24 | $7.1B | $942.5M | ||
| Q1 24 | $7.2B | $981.6M |
负债/权益比SVCTGLS
| Q4 25 | 8.52× | 0.24× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.15× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | 6.85× | 0.18× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $-95.2M | $11.4M |
| 自由现金流率自由现金流/营收 | -32.1% | 4.7% |
| 资本支出强度资本支出/营收 | 25.9% | 8.0% |
| 现金转化率经营现金流/净利润 | — | 1.19× |
| 过去12个月自由现金流最近4个季度 | $-107.0M | $34.5M |
8季度趋势，按日历期对齐
经营现金流SVCTGLS
| Q4 25 | $-18.5M | $31.0M | ||
| Q3 25 | $98.1M | $40.0M | ||
| Q2 25 | $-7.0K | $17.9M | ||
| Q1 25 | $38.2M | $46.9M | ||
| Q4 24 | $-9.7M | $61.1M | ||
| Q3 24 | $106.2M | $41.5M | ||
| Q2 24 | $43.8M | $34.5M | ||
| Q1 24 | $-926.0K | $33.4M |
自由现金流SVCTGLS
| Q4 25 | $-95.2M | $11.4M | ||
| Q3 25 | $57.9M | $21.2M | ||
| Q2 25 | $-46.6M | $-14.7M | ||
| Q1 25 | $-23.2M | $16.5M | ||
| Q4 24 | $-88.9M | $35.4M | ||
| Q3 24 | $24.1M | $17.8M | ||
| Q2 24 | $-22.3M | $14.2M | ||
| Q1 24 | $-77.2M | $23.6M |
自由现金流率SVCTGLS
| Q4 25 | -32.1% | 4.7% | ||
| Q3 25 | 15.3% | 8.2% | ||
| Q2 25 | -11.5% | -5.7% | ||
| Q1 25 | -6.9% | 7.4% | ||
| Q4 24 | -24.9% | 14.8% | ||
| Q3 24 | 6.2% | 7.5% | ||
| Q2 24 | -5.4% | 6.5% | ||
| Q1 24 | -23.0% | 12.2% |
资本支出强度SVCTGLS
| Q4 25 | 25.9% | 8.0% | ||
| Q3 25 | 10.6% | 7.2% | ||
| Q2 25 | 11.5% | 12.7% | ||
| Q1 25 | 18.3% | 13.7% | ||
| Q4 24 | 22.2% | 10.7% | ||
| Q3 24 | 21.0% | 9.9% | ||
| Q2 24 | 16.0% | 9.2% | ||
| Q1 24 | 22.7% | 5.1% |
现金转化率SVCTGLS
| Q4 25 | — | 1.19× | ||
| Q3 25 | — | 0.85× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.30× | ||
| Q3 24 | — | 0.84× | ||
| Q2 24 | — | 0.98× | ||
| Q1 24 | — | 1.13× |
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
SVC
暂无分部数据
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
