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医疗房产信托（SVC）与Wingstop Inc.（WING）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Wingstop Inc.的1.6倍（$296.5M vs $183.7M），Wingstop Inc.净利率更高（16.3% vs -0.3%，领先16.5%），Wingstop Inc.同比增速更快（7.4% vs -17.0%），过去两年Wingstop Inc.的营收复合增速更高（8.6% 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。
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
SVC vs WING — 直观对比
营收规模更大
SVC
是对方的1.6倍
$183.7M
营收增速更快
WING
高出24.4%
-17.0%
净利率更高
WING
高出16.5%
-0.3%
两年增速更快
WING
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $296.5M | $183.7M |
| 净利润 | $-782.0K | $29.9M |
| 毛利率 | — | 86.5% |
| 营业利润率 | -3.9% | 27.4% |
| 净利率 | -0.3% | 16.3% |
| 营收同比 | -17.0% | 7.4% |
| 净利润同比 | 99.0% | — |
| 每股收益（稀释后） | $-0.01 | $1.08 |
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SVCWING
| Q1 26 | — | $183.7M | ||
| Q4 25 | $296.5M | $175.7M | ||
| Q3 25 | $377.6M | $175.7M | ||
| Q2 25 | $404.4M | $174.3M | ||
| Q1 25 | $335.0M | $171.1M | ||
| Q4 24 | $357.0M | $161.8M | ||
| Q3 24 | $390.9M | $162.5M | ||
| Q2 24 | $412.5M | $155.7M |
净利润SVCWING
| Q1 26 | — | $29.9M | ||
| Q4 25 | $-782.0K | $26.8M | ||
| Q3 25 | $-46.9M | $28.5M | ||
| Q2 25 | $-38.2M | $26.8M | ||
| Q1 25 | $-116.4M | $92.3M | ||
| Q4 24 | $-76.4M | $26.8M | ||
| Q3 24 | $-46.9M | $25.7M | ||
| Q2 24 | $-73.8M | $27.5M |
毛利率SVCWING
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 85.6% | ||
| Q3 24 | — | 85.0% | ||
| Q2 24 | — | 85.4% |
营业利润率SVCWING
| Q1 26 | — | 27.4% | ||
| Q4 25 | -3.9% | 26.7% | ||
| Q3 25 | -12.8% | 27.9% | ||
| Q2 25 | -9.2% | 25.9% | ||
| Q1 25 | -33.3% | 22.4% | ||
| Q4 24 | -19.4% | 25.9% | ||
| Q3 24 | -12.8% | 24.5% | ||
| Q2 24 | -17.1% | 26.5% |
净利率SVCWING
| Q1 26 | — | 16.3% | ||
| Q4 25 | -0.3% | 15.2% | ||
| Q3 25 | -12.4% | 16.2% | ||
| Q2 25 | -9.4% | 15.4% | ||
| Q1 25 | -34.8% | 53.9% | ||
| Q4 24 | -21.4% | 16.5% | ||
| Q3 24 | -12.0% | 15.8% | ||
| Q2 24 | -17.9% | 17.7% |
每股收益（稀释后）SVCWING
| Q1 26 | — | $1.08 | ||
| Q4 25 | $-0.01 | $0.99 | ||
| Q3 25 | $-0.28 | $1.02 | ||
| Q2 25 | $-0.23 | $0.96 | ||
| Q1 25 | $-0.70 | $3.24 | ||
| Q4 24 | $-0.46 | $0.91 | ||
| Q3 24 | $-0.28 | $0.88 | ||
| Q2 24 | $-0.45 | $0.93 |
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 | $128.8M |
| 总债务越低越好 | $5.5B | — |
| 股东权益账面价值 | $646.1M | — |
| 总资产 | $6.5B | $648.9M |
| 负债/权益比越低杠杆越低 | 8.52× | — |
8季度趋势，按日历期对齐
现金及短期投资SVCWING
| Q1 26 | — | $128.8M | ||
| Q4 25 | $346.8M | $196.6M | ||
| Q3 25 | $417.4M | $237.6M | ||
| Q2 25 | $63.2M | $227.9M | ||
| Q1 25 | $80.1M | $251.4M | ||
| Q4 24 | $143.5M | $315.9M | ||
| Q3 24 | $48.6M | $84.0M | ||
| Q2 24 | $14.6M | $96.7M |
总债务SVCWING
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $1.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.8B | $1.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益SVCWING
| Q1 26 | — | — | ||
| Q4 25 | $646.1M | $-736.8M | ||
| Q3 25 | $647.9M | $-702.6M | ||
| Q2 25 | $695.9M | $-686.0M | ||
| Q1 25 | $734.6M | $-715.0M | ||
| Q4 24 | $851.9M | $-675.6M | ||
| Q3 24 | $929.0M | $-447.5M | ||
| Q2 24 | $1.0B | $-437.5M |
总资产SVCWING
| Q1 26 | — | $648.9M | ||
| Q4 25 | $6.5B | $693.4M | ||
| Q3 25 | $7.0B | $721.0M | ||
| Q2 25 | $6.9B | $708.3M | ||
| Q1 25 | $7.0B | $696.8M | ||
| Q4 24 | $7.1B | $716.2M | ||
| Q3 24 | $7.1B | $484.8M | ||
| Q2 24 | $7.1B | $451.8M |
负债/权益比SVCWING
| Q1 26 | — | — | ||
| Q4 25 | 8.52× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.85× | — | ||
| 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SVCWING
| Q1 26 | — | — | ||
| Q4 25 | $-18.5M | $57.3M | ||
| Q3 25 | $98.1M | $63.9M | ||
| Q2 25 | $-7.0K | $6.6M | ||
| Q1 25 | $38.2M | $25.3M | ||
| Q4 24 | $-9.7M | $7.7M | ||
| Q3 24 | $106.2M | $69.0M | ||
| Q2 24 | $43.8M | $36.2M |
自由现金流SVCWING
| Q1 26 | — | — | ||
| Q4 25 | $-95.2M | $34.5M | ||
| Q3 25 | $57.9M | $61.7M | ||
| Q2 25 | $-46.6M | $-7.8M | ||
| Q1 25 | $-23.2M | $17.3M | ||
| Q4 24 | $-88.9M | $-8.6M | ||
| Q3 24 | $24.1M | $54.9M | ||
| Q2 24 | $-22.3M | $25.9M |
自由现金流率SVCWING
| Q1 26 | — | — | ||
| Q4 25 | -32.1% | 19.6% | ||
| Q3 25 | 15.3% | 35.1% | ||
| Q2 25 | -11.5% | -4.5% | ||
| Q1 25 | -6.9% | 10.1% | ||
| Q4 24 | -24.9% | -5.3% | ||
| Q3 24 | 6.2% | 33.8% | ||
| Q2 24 | -5.4% | 16.6% |
资本支出强度SVCWING
| Q1 26 | — | — | ||
| Q4 25 | 25.9% | 13.0% | ||
| Q3 25 | 10.6% | 1.3% | ||
| Q2 25 | 11.5% | 8.2% | ||
| Q1 25 | 18.3% | 4.7% | ||
| Q4 24 | 22.2% | 10.1% | ||
| Q3 24 | 21.0% | 8.7% | ||
| Q2 24 | 16.0% | 6.6% |
现金转化率SVCWING
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | — | 2.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 2.68× | ||
| Q2 24 | — | 1.32× |
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
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
