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医疗房产信托（SVC）与Clear Secure, Inc.（YOU）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Clear Secure, Inc.的1.2倍（$296.5M vs $240.8M），Clear Secure, Inc.净利率更高（12.8% vs -0.3%，领先13.0%），Clear Secure, Inc.同比增速更快（16.7% vs -17.0%），Clear Secure, Inc.自由现金流更多（$187.4M vs $-95.2M），过去两年Clear Secure, Inc.的营收复合增速更高（16.0% 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。
Clear Secure, Inc.是美国一家科技企业，主营生物识别旅行证件核验系统，其服务已覆盖部分大型机场与体育场馆。公司成立于2003年，2009年申请破产后停运，2012年重启运营，最终于2021年成功上市。
SVC vs YOU — 直观对比
营收规模更大
SVC
是对方的1.2倍
$240.8M
营收增速更快
YOU
高出33.7%
-17.0%
净利率更高
YOU
高出13.0%
-0.3%
自由现金流更多
YOU
多$282.6M
$-95.2M
两年增速更快
YOU
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $296.5M | $240.8M |
| 净利润 | $-782.0K | $30.8M |
| 毛利率 | — | — |
| 营业利润率 | -3.9% | 22.4% |
| 净利率 | -0.3% | 12.8% |
| 营收同比 | -17.0% | 16.7% |
| 净利润同比 | 99.0% | -70.2% |
| 每股收益（稀释后） | $-0.01 | — |
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SVCYOU
| Q4 25 | $296.5M | $240.8M | ||
| Q3 25 | $377.6M | $229.2M | ||
| Q2 25 | $404.4M | $219.5M | ||
| Q1 25 | $335.0M | $211.4M | ||
| Q4 24 | $357.0M | $206.3M | ||
| Q3 24 | $390.9M | $198.4M | ||
| Q2 24 | $412.5M | $186.7M | ||
| Q1 24 | $336.2M | $179.0M |
净利润SVCYOU
| Q4 25 | $-782.0K | $30.8M | ||
| Q3 25 | $-46.9M | $28.3M | ||
| Q2 25 | $-38.2M | $24.7M | ||
| Q1 25 | $-116.4M | $25.4M | ||
| Q4 24 | $-76.4M | $103.3M | ||
| Q3 24 | $-46.9M | $23.5M | ||
| Q2 24 | $-73.8M | $24.1M | ||
| Q1 24 | $-78.4M | $18.8M |
营业利润率SVCYOU
| Q4 25 | -3.9% | 22.4% | ||
| Q3 25 | -12.8% | 23.0% | ||
| Q2 25 | -9.2% | 19.4% | ||
| Q1 25 | -33.3% | 17.7% | ||
| Q4 24 | -19.4% | 16.5% | ||
| Q3 24 | -12.8% | 17.7% | ||
| Q2 24 | -17.1% | 16.2% | ||
| Q1 24 | -21.4% | 13.2% |
净利率SVCYOU
| Q4 25 | -0.3% | 12.8% | ||
| Q3 25 | -12.4% | 12.3% | ||
| Q2 25 | -9.4% | 11.3% | ||
| Q1 25 | -34.8% | 12.0% | ||
| Q4 24 | -21.4% | 50.1% | ||
| Q3 24 | -12.0% | 11.8% | ||
| Q2 24 | -17.9% | 12.9% | ||
| Q1 24 | -23.3% | 10.5% |
每股收益（稀释后）SVCYOU
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $-0.28 | — | ||
| Q2 25 | $-0.23 | — | ||
| Q1 25 | $-0.70 | — | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $-0.28 | — | ||
| Q2 24 | $-0.45 | — | ||
| Q1 24 | $-0.48 | — |
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 | $85.7M |
| 总债务越低越好 | $5.5B | — |
| 股东权益账面价值 | $646.1M | $177.7M |
| 总资产 | $6.5B | $1.3B |
| 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SVCYOU
| Q4 25 | $346.8M | $85.7M | ||
| Q3 25 | $417.4M | $75.8M | ||
| Q2 25 | $63.2M | $89.3M | ||
| Q1 25 | $80.1M | $87.6M | ||
| Q4 24 | $143.5M | $66.9M | ||
| Q3 24 | $48.6M | $32.9M | ||
| Q2 24 | $14.6M | $39.1M | ||
| Q1 24 | $71.3M | $64.1M |
总债务SVCYOU
| Q4 25 | $5.5B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $5.8B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SVCYOU
| Q4 25 | $646.1M | $177.7M | ||
| Q3 25 | $647.9M | $148.6M | ||
| Q2 25 | $695.9M | $121.3M | ||
| Q1 25 | $734.6M | $116.7M | ||
| Q4 24 | $851.9M | $198.4M | ||
| Q3 24 | $929.0M | $129.0M | ||
| Q2 24 | $1.0B | $153.5M | ||
| Q1 24 | $1.1B | $165.9M |
总资产SVCYOU
| Q4 25 | $6.5B | $1.3B | ||
| Q3 25 | $7.0B | $1.1B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $7.0B | $1.1B | ||
| Q4 24 | $7.1B | $1.2B | ||
| Q3 24 | $7.1B | $858.6M | ||
| Q2 24 | $7.1B | $982.4M | ||
| Q1 24 | $7.2B | $1.0B |
负债/权益比SVCYOU
| Q4 25 | 8.52× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 6.85× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $198.4M |
| 自由现金流经营现金流 - 资本支出 | $-95.2M | $187.4M |
| 自由现金流率自由现金流/营收 | -32.1% | 77.8% |
| 资本支出强度资本支出/营收 | 25.9% | 4.6% |
| 现金转化率经营现金流/净利润 | — | 6.45× |
| 过去12个月自由现金流最近4个季度 | $-107.0M | $343.1M |
8季度趋势，按日历期对齐
经营现金流SVCYOU
| Q4 25 | $-18.5M | $198.4M | ||
| Q3 25 | $98.1M | $-47.3M | ||
| Q2 25 | $-7.0K | $123.0M | ||
| Q1 25 | $38.2M | $98.3M | ||
| Q4 24 | $-9.7M | $136.6M | ||
| Q3 24 | $106.2M | $-35.9M | ||
| Q2 24 | $43.8M | $114.6M | ||
| Q1 24 | $-926.0K | $80.3M |
自由现金流SVCYOU
| Q4 25 | $-95.2M | $187.4M | ||
| Q3 25 | $57.9M | $-53.5M | ||
| Q2 25 | $-46.6M | $117.9M | ||
| Q1 25 | $-23.2M | $91.3M | ||
| Q4 24 | $-88.9M | $133.9M | ||
| Q3 24 | $24.1M | $-37.9M | ||
| Q2 24 | $-22.3M | $110.1M | ||
| Q1 24 | $-77.2M | $77.6M |
自由现金流率SVCYOU
| Q4 25 | -32.1% | 77.8% | ||
| Q3 25 | 15.3% | -23.3% | ||
| Q2 25 | -11.5% | 53.7% | ||
| Q1 25 | -6.9% | 43.2% | ||
| Q4 24 | -24.9% | 64.9% | ||
| Q3 24 | 6.2% | -19.1% | ||
| Q2 24 | -5.4% | 59.0% | ||
| Q1 24 | -23.0% | 43.3% |
资本支出强度SVCYOU
| Q4 25 | 25.9% | 4.6% | ||
| Q3 25 | 10.6% | 2.7% | ||
| Q2 25 | 11.5% | 2.3% | ||
| Q1 25 | 18.3% | 3.4% | ||
| Q4 24 | 22.2% | 1.3% | ||
| Q3 24 | 21.0% | 1.0% | ||
| Q2 24 | 16.0% | 2.4% | ||
| Q1 24 | 22.7% | 1.6% |
现金转化率SVCYOU
| Q4 25 | — | 6.45× | ||
| Q3 25 | — | -1.67× | ||
| Q2 25 | — | 4.97× | ||
| Q1 25 | — | 3.87× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | -1.53× | ||
| Q2 24 | — | 4.75× | ||
| Q1 24 | — | 4.27× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
