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医疗房产信托（SVC）与UNITIL CORP（UTL）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UNITIL CORP的1.8倍（$296.5M vs $161.5M），UNITIL CORP净利率更高（11.8% vs -0.3%，领先12.0%），UNITIL CORP同比增速更快（26.7% vs -17.0%），UNITIL CORP自由现金流更多（$-36.3M vs $-95.2M），过去两年UNITIL CORP的营收复合增速更高（-4.9% 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。
Unitil是一家跨州电力与天然气公用事业公司，业务覆盖美国新罕布什尔州、马萨诸塞州与缅因州。公司最早前身是1849年在缅因州成立的波特兰煤气灯公司，现企业主体于1984年设立，总部位于新罕布什尔州。目前公司总市值约6.8651亿美元，为约10.24万电力客户、超7.59万天然气客户提供服务。
SVC vs UTL — 直观对比
营收规模更大
SVC
是对方的1.8倍
$161.5M
营收增速更快
UTL
高出43.6%
-17.0%
净利率更高
UTL
高出12.0%
-0.3%
自由现金流更多
UTL
多$58.9M
$-95.2M
两年增速更快
UTL
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $296.5M | $161.5M |
| 净利润 | $-782.0K | $19.0M |
| 毛利率 | — | — |
| 营业利润率 | -3.9% | 21.5% |
| 净利率 | -0.3% | 11.8% |
| 营收同比 | -17.0% | 26.7% |
| 净利润同比 | 99.0% | 21.8% |
| 每股收益（稀释后） | $-0.01 | $1.05 |
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SVCUTL
| Q4 25 | $296.5M | $161.5M | ||
| Q3 25 | $377.6M | $101.1M | ||
| Q2 25 | $404.4M | $102.6M | ||
| Q1 25 | $335.0M | $170.8M | ||
| Q4 24 | $357.0M | $127.5M | ||
| Q3 24 | $390.9M | $92.9M | ||
| Q2 24 | $412.5M | $95.7M | ||
| Q1 24 | $336.2M | $178.7M |
净利润SVCUTL
| Q4 25 | $-782.0K | $19.0M | ||
| Q3 25 | $-46.9M | $-300.0K | ||
| Q2 25 | $-38.2M | $4.0M | ||
| Q1 25 | $-116.4M | $27.5M | ||
| Q4 24 | $-76.4M | $15.6M | ||
| Q3 24 | $-46.9M | $0 | ||
| Q2 24 | $-73.8M | $4.3M | ||
| Q1 24 | $-78.4M | $27.2M |
营业利润率SVCUTL
| Q4 25 | -3.9% | 21.5% | ||
| Q3 25 | -12.8% | 6.9% | ||
| Q2 25 | -9.2% | 13.0% | ||
| Q1 25 | -33.3% | 27.0% | ||
| Q4 24 | -19.4% | 22.1% | ||
| Q3 24 | -12.8% | 6.2% | ||
| Q2 24 | -17.1% | 13.0% | ||
| Q1 24 | -21.4% | 24.7% |
净利率SVCUTL
| Q4 25 | -0.3% | 11.8% | ||
| Q3 25 | -12.4% | -0.3% | ||
| Q2 25 | -9.4% | 3.9% | ||
| Q1 25 | -34.8% | 16.1% | ||
| Q4 24 | -21.4% | 12.2% | ||
| Q3 24 | -12.0% | — | ||
| Q2 24 | -17.9% | 4.5% | ||
| Q1 24 | -23.3% | 15.2% |
每股收益（稀释后）SVCUTL
| Q4 25 | $-0.01 | $1.05 | ||
| Q3 25 | $-0.28 | $-0.02 | ||
| Q2 25 | $-0.23 | $0.25 | ||
| Q1 25 | $-0.70 | $1.69 | ||
| Q4 24 | $-0.46 | $0.97 | ||
| Q3 24 | $-0.28 | $0.00 | ||
| Q2 24 | $-0.45 | $0.27 | ||
| Q1 24 | $-0.48 | $1.69 |
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 | $15.6M |
| 总债务越低越好 | $5.5B | $670.5M |
| 股东权益账面价值 | $646.1M | $609.6M |
| 总资产 | $6.5B | $2.1B |
| 负债/权益比越低杠杆越低 | 8.52× | 1.10× |
8季度趋势，按日历期对齐
现金及短期投资SVCUTL
| Q4 25 | $346.8M | $15.6M | ||
| Q3 25 | $417.4M | $14.6M | ||
| Q2 25 | $63.2M | $8.5M | ||
| Q1 25 | $80.1M | $10.2M | ||
| Q4 24 | $143.5M | $6.3M | ||
| Q3 24 | $48.6M | $6.3M | ||
| Q2 24 | $14.6M | $2.8M | ||
| Q1 24 | $71.3M | $6.3M |
总债务SVCUTL
| Q4 25 | $5.5B | $670.5M | ||
| Q3 25 | — | $670.5M | ||
| Q2 25 | — | $640.7M | ||
| Q1 25 | — | $642.1M | ||
| Q4 24 | $5.8B | $643.3M | ||
| Q3 24 | — | $643.3M | ||
| Q2 24 | — | $511.3M | ||
| Q1 24 | — | $512.8M |
股东权益SVCUTL
| Q4 25 | $646.1M | $609.6M | ||
| Q3 25 | $647.9M | $597.2M | ||
| Q2 25 | $695.9M | $532.8M | ||
| Q1 25 | $734.6M | $534.1M | ||
| Q4 24 | $851.9M | $512.5M | ||
| Q3 24 | $929.0M | $502.4M | ||
| Q2 24 | $1.0B | $508.8M | ||
| Q1 24 | $1.1B | $510.8M |
总资产SVCUTL
| Q4 25 | $6.5B | $2.1B | ||
| Q3 25 | $7.0B | $1.9B | ||
| Q2 25 | $6.9B | $1.9B | ||
| Q1 25 | $7.0B | $1.9B | ||
| Q4 24 | $7.1B | $1.8B | ||
| Q3 24 | $7.1B | $1.7B | ||
| Q2 24 | $7.1B | $1.7B | ||
| Q1 24 | $7.2B | $1.7B |
负债/权益比SVCUTL
| Q4 25 | 8.52× | 1.10× | ||
| Q3 25 | — | 1.12× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | 6.85× | 1.26× | ||
| Q3 24 | — | 1.28× | ||
| Q2 24 | — | 1.00× | ||
| Q1 24 | — | 1.00× |
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 | $21.4M |
| 自由现金流经营现金流 - 资本支出 | $-95.2M | $-36.3M |
| 自由现金流率自由现金流/营收 | -32.1% | -22.5% |
| 资本支出强度资本支出/营收 | 25.9% | 35.7% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-107.0M | $-53.8M |
8季度趋势，按日历期对齐
经营现金流SVCUTL
| Q4 25 | $-18.5M | $21.4M | ||
| Q3 25 | $98.1M | $15.6M | ||
| Q2 25 | $-7.0K | $42.2M | ||
| Q1 25 | $38.2M | $52.1M | ||
| Q4 24 | $-9.7M | $23.3M | ||
| Q3 24 | $106.2M | $26.1M | ||
| Q2 24 | $43.8M | $49.9M | ||
| Q1 24 | $-926.0K | $26.6M |
自由现金流SVCUTL
| Q4 25 | $-95.2M | $-36.3M | ||
| Q3 25 | $57.9M | $-39.0M | ||
| Q2 25 | $-46.6M | $2.0M | ||
| Q1 25 | $-23.2M | $19.5M | ||
| Q4 24 | $-88.9M | $-32.3M | ||
| Q3 24 | $24.1M | $-31.3M | ||
| Q2 24 | $-22.3M | $13.2M | ||
| Q1 24 | $-77.2M | $6.4M |
自由现金流率SVCUTL
| Q4 25 | -32.1% | -22.5% | ||
| Q3 25 | 15.3% | -38.6% | ||
| Q2 25 | -11.5% | 1.9% | ||
| Q1 25 | -6.9% | 11.4% | ||
| Q4 24 | -24.9% | -25.3% | ||
| Q3 24 | 6.2% | -33.7% | ||
| Q2 24 | -5.4% | 13.8% | ||
| Q1 24 | -23.0% | 3.6% |
资本支出强度SVCUTL
| Q4 25 | 25.9% | 35.7% | ||
| Q3 25 | 10.6% | 54.0% | ||
| Q2 25 | 11.5% | 39.2% | ||
| Q1 25 | 18.3% | 19.1% | ||
| Q4 24 | 22.2% | 43.6% | ||
| Q3 24 | 21.0% | 61.8% | ||
| Q2 24 | 16.0% | 38.3% | ||
| Q1 24 | 22.7% | 11.3% |
现金转化率SVCUTL
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 10.55× | ||
| Q1 25 | — | 1.89× | ||
| Q4 24 | — | 1.49× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 11.60× | ||
| Q1 24 | — | 0.98× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
