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医疗房产信托（SVC）与EXPRO GROUP HOLDINGS N.V.（XPRO）财务数据对比。点击上方公司名可切换其他公司
EXPRO GROUP HOLDINGS N.V.的季度营收约是医疗房产信托的1.2倍（$367.6M vs $296.5M），EXPRO GROUP HOLDINGS N.V.同比增速更快（-6.0% vs -17.0%），EXPRO GROUP HOLDINGS N.V.自由现金流更多（$23.2M vs $-95.2M），过去两年医疗房产信托的营收复合增速更高（-6.1% vs -11.5%）
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。
Expro是一家能源服务提供商，总部位于美国得克萨斯州休斯敦，主要为油气等能源领域的客户提供相关技术服务与解决方案，业务覆盖全球多个主要能源产区，助力行业实现高效、安全的开发运营。
SVC vs XPRO — 直观对比
营收规模更大
XPRO
是对方的1.2倍
$296.5M
营收增速更快
XPRO
高出11.0%
-17.0%
自由现金流更多
XPRO
多$118.4M
$-95.2M
两年增速更快
SVC
近两年复合增速
-11.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $296.5M | $367.6M |
| 净利润 | $-782.0K | — |
| 毛利率 | — | 6.7% |
| 营业利润率 | -3.9% | 0.0% |
| 净利率 | -0.3% | — |
| 营收同比 | -17.0% | -6.0% |
| 净利润同比 | 99.0% | — |
| 每股收益（稀释后） | $-0.01 | $0.05 |
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SVCXPRO
| Q1 26 | — | $367.6M | ||
| Q4 25 | $296.5M | $382.1M | ||
| Q3 25 | $377.6M | $411.4M | ||
| Q2 25 | $404.4M | $422.7M | ||
| Q1 25 | $335.0M | $390.9M | ||
| Q4 24 | $357.0M | $436.8M | ||
| Q3 24 | $390.9M | $422.8M | ||
| Q2 24 | $412.5M | $469.6M |
净利润SVCXPRO
| Q1 26 | — | — | ||
| Q4 25 | $-782.0K | $5.8M | ||
| Q3 25 | $-46.9M | $14.0M | ||
| Q2 25 | $-38.2M | $18.0M | ||
| Q1 25 | $-116.4M | $13.9M | ||
| Q4 24 | $-76.4M | $23.0M | ||
| Q3 24 | $-46.9M | $16.3M | ||
| Q2 24 | $-73.8M | $15.3M |
毛利率SVCXPRO
| Q1 26 | — | 6.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
营业利润率SVCXPRO
| Q1 26 | — | 0.0% | ||
| Q4 25 | -3.9% | 3.1% | ||
| Q3 25 | -12.8% | 6.4% | ||
| Q2 25 | -9.2% | 7.7% | ||
| Q1 25 | -33.3% | 2.6% | ||
| Q4 24 | -19.4% | 7.3% | ||
| Q3 24 | -12.8% | 6.2% | ||
| Q2 24 | -17.1% | 5.9% |
净利率SVCXPRO
| Q1 26 | — | — | ||
| Q4 25 | -0.3% | 1.5% | ||
| Q3 25 | -12.4% | 3.4% | ||
| Q2 25 | -9.4% | 4.3% | ||
| Q1 25 | -34.8% | 3.6% | ||
| Q4 24 | -21.4% | 5.3% | ||
| Q3 24 | -12.0% | 3.8% | ||
| Q2 24 | -17.9% | 3.3% |
每股收益（稀释后）SVCXPRO
| Q1 26 | — | $0.05 | ||
| Q4 25 | $-0.01 | $0.05 | ||
| Q3 25 | $-0.28 | $0.12 | ||
| Q2 25 | $-0.23 | $0.16 | ||
| Q1 25 | $-0.70 | $0.12 | ||
| Q4 24 | $-0.46 | $0.20 | ||
| Q3 24 | $-0.28 | $0.14 | ||
| Q2 24 | $-0.45 | $0.13 |
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 | $170.7M |
| 总债务越低越好 | $5.5B | $79.1M |
| 股东权益账面价值 | $646.1M | $1.5B |
| 总资产 | $6.5B | $2.2B |
| 负债/权益比越低杠杆越低 | 8.52× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资SVCXPRO
| Q1 26 | — | $170.7M | ||
| Q4 25 | $346.8M | $196.1M | ||
| Q3 25 | $417.4M | $197.9M | ||
| Q2 25 | $63.2M | $206.8M | ||
| Q1 25 | $80.1M | $179.3M | ||
| Q4 24 | $143.5M | $183.0M | ||
| Q3 24 | $48.6M | $165.7M | ||
| Q2 24 | $14.6M | $133.5M |
总债务SVCXPRO
| Q1 26 | — | $79.1M | ||
| Q4 25 | $5.5B | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | $5.8B | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M |
股东权益SVCXPRO
| Q1 26 | — | $1.5B | ||
| Q4 25 | $646.1M | $1.5B | ||
| Q3 25 | $647.9M | $1.5B | ||
| Q2 25 | $695.9M | $1.5B | ||
| Q1 25 | $734.6M | $1.5B | ||
| Q4 24 | $851.9M | $1.5B | ||
| Q3 24 | $929.0M | $1.5B | ||
| Q2 24 | $1.0B | $1.5B |
总资产SVCXPRO
| Q1 26 | — | $2.2B | ||
| Q4 25 | $6.5B | $2.3B | ||
| Q3 25 | $7.0B | $2.3B | ||
| Q2 25 | $6.9B | $2.3B | ||
| Q1 25 | $7.0B | $2.3B | ||
| Q4 24 | $7.1B | $2.3B | ||
| Q3 24 | $7.1B | $2.3B | ||
| Q2 24 | $7.1B | $2.3B |
负债/权益比SVCXPRO
| Q1 26 | — | 0.05× | ||
| Q4 25 | 8.52× | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | 6.85× | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× |
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 | $25.3M |
| 自由现金流经营现金流 - 资本支出 | $-95.2M | $23.2M |
| 自由现金流率自由现金流/营收 | -32.1% | 6.3% |
| 资本支出强度资本支出/营收 | 25.9% | 1.2% |
| 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 | $112.6M |
8季度趋势，按日历期对齐
经营现金流SVCXPRO
| Q1 26 | — | $25.3M | ||
| Q4 25 | $-18.5M | $57.1M | ||
| Q3 25 | $98.1M | $63.2M | ||
| Q2 25 | $-7.0K | $48.4M | ||
| Q1 25 | $38.2M | $41.5M | ||
| Q4 24 | $-9.7M | $97.4M | ||
| Q3 24 | $106.2M | $55.3M | ||
| Q2 24 | $43.8M | $-13.2M |
自由现金流SVCXPRO
| Q1 26 | — | $23.2M | ||
| Q4 25 | $-95.2M | $23.2M | ||
| Q3 25 | $57.9M | $39.0M | ||
| Q2 25 | $-46.6M | $27.2M | ||
| Q1 25 | $-23.2M | $8.4M | ||
| Q4 24 | $-88.9M | $53.0M | ||
| Q3 24 | $24.1M | $23.3M | ||
| Q2 24 | $-22.3M | $-49.5M |
自由现金流率SVCXPRO
| Q1 26 | — | 6.3% | ||
| Q4 25 | -32.1% | 6.1% | ||
| Q3 25 | 15.3% | 9.5% | ||
| Q2 25 | -11.5% | 6.4% | ||
| Q1 25 | -6.9% | 2.1% | ||
| Q4 24 | -24.9% | 12.1% | ||
| Q3 24 | 6.2% | 5.5% | ||
| Q2 24 | -5.4% | -10.5% |
资本支出强度SVCXPRO
| Q1 26 | — | 1.2% | ||
| Q4 25 | 25.9% | 8.9% | ||
| Q3 25 | 10.6% | 5.9% | ||
| Q2 25 | 11.5% | 5.0% | ||
| Q1 25 | 18.3% | 8.5% | ||
| Q4 24 | 22.2% | 10.2% | ||
| Q3 24 | 21.0% | 7.6% | ||
| Q2 24 | 16.0% | 7.7% |
现金转化率SVCXPRO
| Q1 26 | — | — | ||
| Q4 25 | — | 9.89× | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | — | 3.40× | ||
| Q2 24 | — | -0.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
