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医疗房产信托（SVC）与WillScot Holdings Corp（WSC）财务数据对比。点击上方公司名可切换其他公司
WillScot Holdings Corp的季度营收约是医疗房产信托的1.9倍（$566.0M vs $296.5M），医疗房产信托净利率更高（-0.3% vs -33.1%，领先32.8%），WillScot Holdings Corp同比增速更快（-6.1% vs -17.0%），WillScot Holdings Corp自由现金流更多（$149.7M vs $-95.2M），过去两年WillScot Holdings Corp的营收复合增速更高（-1.8% 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。
WillScot Holdings Corp是北美领先的模块化空间及便携式存储服务供应商，服务覆盖建筑、商业开发、教育、医疗、政府项目、特殊活动等多个领域，为客户提供灵活可扩展的临时及半永久空间解决方案。
SVC vs WSC — 直观对比
营收规模更大
WSC
是对方的1.9倍
$296.5M
营收增速更快
WSC
高出10.9%
-17.0%
净利率更高
SVC
高出32.8%
-33.1%
自由现金流更多
WSC
多$244.9M
$-95.2M
两年增速更快
WSC
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $296.5M | $566.0M |
| 净利润 | $-782.0K | $-187.3M |
| 毛利率 | — | 50.4% |
| 营业利润率 | -3.9% | -32.5% |
| 净利率 | -0.3% | -33.1% |
| 营收同比 | -17.0% | -6.1% |
| 净利润同比 | 99.0% | -310.0% |
| 每股收益（稀释后） | $-0.01 | $-1.02 |
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SVCWSC
| Q4 25 | $296.5M | $566.0M | ||
| Q3 25 | $377.6M | $566.8M | ||
| Q2 25 | $404.4M | $589.1M | ||
| Q1 25 | $335.0M | $559.6M | ||
| Q4 24 | $357.0M | $602.5M | ||
| Q3 24 | $390.9M | $601.4M | ||
| Q2 24 | $412.5M | $604.6M | ||
| Q1 24 | $336.2M | $587.2M |
净利润SVCWSC
| Q4 25 | $-782.0K | $-187.3M | ||
| Q3 25 | $-46.9M | $43.3M | ||
| Q2 25 | $-38.2M | $47.9M | ||
| Q1 25 | $-116.4M | $43.1M | ||
| Q4 24 | $-76.4M | $89.2M | ||
| Q3 24 | $-46.9M | $-70.5M | ||
| Q2 24 | $-73.8M | $-46.9M | ||
| Q1 24 | $-78.4M | $56.2M |
毛利率SVCWSC
| Q4 25 | — | 50.4% | ||
| Q3 25 | — | 49.7% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | — | 55.8% | ||
| Q3 24 | — | 53.5% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 54.0% |
营业利润率SVCWSC
| Q4 25 | -3.9% | -32.5% | ||
| Q3 25 | -12.8% | 21.0% | ||
| Q2 25 | -9.2% | 21.5% | ||
| Q1 25 | -33.3% | 21.3% | ||
| Q4 24 | -19.4% | 28.9% | ||
| Q3 24 | -12.8% | -5.9% | ||
| Q2 24 | -17.1% | -0.9% | ||
| Q1 24 | -21.4% | 22.1% |
净利率SVCWSC
| Q4 25 | -0.3% | -33.1% | ||
| Q3 25 | -12.4% | 7.6% | ||
| Q2 25 | -9.4% | 8.1% | ||
| Q1 25 | -34.8% | 7.7% | ||
| Q4 24 | -21.4% | 14.8% | ||
| Q3 24 | -12.0% | -11.7% | ||
| Q2 24 | -17.9% | -7.7% | ||
| Q1 24 | -23.3% | 9.6% |
每股收益（稀释后）SVCWSC
| Q4 25 | $-0.01 | $-1.02 | ||
| Q3 25 | $-0.28 | $0.24 | ||
| Q2 25 | $-0.23 | $0.26 | ||
| Q1 25 | $-0.70 | $0.23 | ||
| Q4 24 | $-0.46 | $0.48 | ||
| Q3 24 | $-0.28 | $-0.37 | ||
| Q2 24 | $-0.45 | $-0.25 | ||
| Q1 24 | $-0.48 | $0.29 |
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 | $14.6M |
| 总债务越低越好 | $5.5B | $3.6B |
| 股东权益账面价值 | $646.1M | $856.3M |
| 总资产 | $6.5B | $5.8B |
| 负债/权益比越低杠杆越低 | 8.52× | 4.15× |
8季度趋势，按日历期对齐
现金及短期投资SVCWSC
| Q4 25 | $346.8M | $14.6M | ||
| Q3 25 | $417.4M | $14.8M | ||
| Q2 25 | $63.2M | $12.8M | ||
| Q1 25 | $80.1M | $10.7M | ||
| Q4 24 | $143.5M | $9.0M | ||
| Q3 24 | $48.6M | $11.0M | ||
| Q2 24 | $14.6M | $5.9M | ||
| Q1 24 | $71.3M | $13.1M |
总债务SVCWSC
| Q4 25 | $5.5B | $3.6B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | — | $3.7B | ||
| Q1 25 | — | $3.6B | ||
| Q4 24 | $5.8B | $3.7B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $3.5B | ||
| Q1 24 | — | $3.5B |
股东权益SVCWSC
| Q4 25 | $646.1M | $856.3M | ||
| Q3 25 | $647.9M | $1.1B | ||
| Q2 25 | $695.9M | $1.0B | ||
| Q1 25 | $734.6M | $1.0B | ||
| Q4 24 | $851.9M | $1.0B | ||
| Q3 24 | $929.0M | $1.1B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $1.1B | $1.3B |
总资产SVCWSC
| Q4 25 | $6.5B | $5.8B | ||
| Q3 25 | $7.0B | $6.1B | ||
| Q2 25 | $6.9B | $6.1B | ||
| Q1 25 | $7.0B | $6.0B | ||
| Q4 24 | $7.1B | $6.0B | ||
| Q3 24 | $7.1B | $6.0B | ||
| Q2 24 | $7.1B | $6.0B | ||
| Q1 24 | $7.2B | $6.2B |
负债/权益比SVCWSC
| Q4 25 | 8.52× | 4.15× | ||
| Q3 25 | — | 3.39× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 3.56× | ||
| Q4 24 | 6.85× | 3.62× | ||
| Q3 24 | — | 3.42× | ||
| Q2 24 | — | 2.88× | ||
| Q1 24 | — | 2.63× |
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 | $158.9M |
| 自由现金流经营现金流 - 资本支出 | $-95.2M | $149.7M |
| 自由现金流率自由现金流/营收 | -32.1% | 26.5% |
| 资本支出强度资本支出/营收 | 25.9% | 1.6% |
| 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 | $737.7M |
8季度趋势，按日历期对齐
经营现金流SVCWSC
| Q4 25 | $-18.5M | $158.9M | ||
| Q3 25 | $98.1M | $191.2M | ||
| Q2 25 | $-7.0K | $205.3M | ||
| Q1 25 | $38.2M | $206.6M | ||
| Q4 24 | $-9.7M | $178.9M | ||
| Q3 24 | $106.2M | $-1.6M | ||
| Q2 24 | $43.8M | $175.6M | ||
| Q1 24 | $-926.0K | $208.7M |
自由现金流SVCWSC
| Q4 25 | $-95.2M | $149.7M | ||
| Q3 25 | $57.9M | $186.9M | ||
| Q2 25 | $-46.6M | $199.0M | ||
| Q1 25 | $-23.2M | $202.0M | ||
| Q4 24 | $-88.9M | $176.6M | ||
| Q3 24 | $24.1M | $-4.9M | ||
| Q2 24 | $-22.3M | $169.4M | ||
| Q1 24 | $-77.2M | $202.1M |
自由现金流率SVCWSC
| Q4 25 | -32.1% | 26.5% | ||
| Q3 25 | 15.3% | 33.0% | ||
| Q2 25 | -11.5% | 33.8% | ||
| Q1 25 | -6.9% | 36.1% | ||
| Q4 24 | -24.9% | 29.3% | ||
| Q3 24 | 6.2% | -0.8% | ||
| Q2 24 | -5.4% | 28.0% | ||
| Q1 24 | -23.0% | 34.4% |
资本支出强度SVCWSC
| Q4 25 | 25.9% | 1.6% | ||
| Q3 25 | 10.6% | 0.7% | ||
| Q2 25 | 11.5% | 1.1% | ||
| Q1 25 | 18.3% | 0.8% | ||
| Q4 24 | 22.2% | 0.4% | ||
| Q3 24 | 21.0% | 0.6% | ||
| Q2 24 | 16.0% | 1.0% | ||
| Q1 24 | 22.7% | 1.1% |
现金转化率SVCWSC
| Q4 25 | — | — | ||
| Q3 25 | — | 4.41× | ||
| Q2 25 | — | 4.28× | ||
| Q1 25 | — | 4.80× | ||
| Q4 24 | — | 2.01× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.71× |
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
WSC
| Modular Space Leasing | $249.8M | 44% |
| Value Added Product And Services | $101.0M | 18% |
| Portable Storage Leasing | $83.0M | 15% |
| Delivery Revenue | $48.2M | 9% |
| Installation Revenue | $45.0M | 8% |
| Rental Units | $19.7M | 3% |
| New Units | $15.5M | 3% |
| Value Added Services | $10.3M | 2% |
| Other Leasing Related Products And Services | $3.8M | 1% |
