vs
null（SWIM）与Urban Edge Properties（UE）财务数据对比。点击上方公司名可切换其他公司
Urban Edge Properties的季度营收约是null的1.3倍（$132.6M vs $100.0M），Urban Edge Properties净利率更高（17.1% vs -7.0%，领先24.1%），null同比增速更快（14.5% vs 12.2%），过去两年Urban Edge Properties的营收复合增速更高（11.6% vs -4.9%）
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
Urban Edge Properties是一家上市房地产投资信托，主要在美国人口密集的城市及郊区市场持有、运营和开发优质零售及混合用途物业，投资组合涵盖生鲜超市锚定的购物中心、生活类商业网点等面向本地社区的资产。
SWIM vs UE — 直观对比
营收规模更大
UE
是对方的1.3倍
$100.0M
营收增速更快
SWIM
高出2.3%
12.2%
净利率更高
UE
高出24.1%
-7.0%
两年增速更快
UE
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $100.0M | $132.6M |
| 净利润 | $-7.0M | $22.6M |
| 毛利率 | 28.0% | — |
| 营业利润率 | -10.7% | — |
| 净利率 | -7.0% | 17.1% |
| 营收同比 | 14.5% | 12.2% |
| 净利润同比 | 76.0% | -6.7% |
| 每股收益（稀释后） | $-0.06 | $0.18 |
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SWIMUE
| Q1 26 | — | $132.6M | ||
| Q4 25 | $100.0M | $119.6M | ||
| Q3 25 | $161.9M | $120.1M | ||
| Q2 25 | $172.6M | $114.1M | ||
| Q1 25 | $111.4M | $118.2M | ||
| Q4 24 | $87.3M | $116.4M | ||
| Q3 24 | $150.5M | $112.4M | ||
| Q2 24 | $160.1M | $106.5M |
净利润SWIMUE
| Q1 26 | — | $22.6M | ||
| Q4 25 | $-7.0M | $12.4M | ||
| Q3 25 | $8.1M | $14.9M | ||
| Q2 25 | $16.0M | $58.0M | ||
| Q1 25 | $-6.0M | $8.2M | ||
| Q4 24 | $-29.2M | $30.1M | ||
| Q3 24 | $5.9M | $9.1M | ||
| Q2 24 | $13.3M | $30.8M |
毛利率SWIMUE
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 35.4% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 29.5% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 32.4% | — | ||
| Q2 24 | 33.1% | — |
营业利润率SWIMUE
| Q1 26 | — | — | ||
| Q4 25 | -10.7% | 11.3% | ||
| Q3 25 | 13.3% | 13.4% | ||
| Q2 25 | 14.3% | 53.9% | ||
| Q1 25 | -4.4% | 7.6% | ||
| Q4 24 | -14.9% | 27.6% | ||
| Q3 24 | 8.9% | 8.9% | ||
| Q2 24 | 12.5% | 30.6% |
净利率SWIMUE
| Q1 26 | — | 17.1% | ||
| Q4 25 | -7.0% | 10.4% | ||
| Q3 25 | 5.0% | 12.4% | ||
| Q2 25 | 9.3% | 50.8% | ||
| Q1 25 | -5.4% | 6.9% | ||
| Q4 24 | -33.4% | 25.9% | ||
| Q3 24 | 3.9% | 8.1% | ||
| Q2 24 | 8.3% | 28.9% |
每股收益（稀释后）SWIMUE
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.06 | $0.09 | ||
| Q3 25 | $0.07 | $0.12 | ||
| Q2 25 | $0.13 | $0.46 | ||
| Q1 25 | $-0.05 | $0.07 | ||
| Q4 24 | $-0.24 | $0.25 | ||
| Q3 24 | $0.05 | $0.07 | ||
| Q2 24 | $0.11 | $0.26 |
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 | — | $50.0M |
| 总债务越低越好 | $279.8M | — |
| 股东权益账面价值 | $405.9M | $1.4B |
| 总资产 | $823.2M | $3.4B |
| 负债/权益比越低杠杆越低 | 0.69× | — |
8季度趋势，按日历期对齐
现金及短期投资SWIMUE
| Q1 26 | — | $50.0M | ||
| Q4 25 | — | $48.9M | ||
| Q3 25 | — | $77.8M | ||
| Q2 25 | — | $53.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $41.4M | ||
| Q3 24 | — | $67.9M | ||
| Q2 24 | — | $78.6M |
总债务SWIMUE
| Q1 26 | — | — | ||
| Q4 25 | $279.8M | — | ||
| Q3 25 | $281.1M | — | ||
| Q2 25 | $281.5M | — | ||
| Q1 25 | $306.9M | — | ||
| Q4 24 | $281.5M | — | ||
| Q3 24 | $282.8M | — | ||
| Q2 24 | $282.4M | — |
股东权益SWIMUE
| Q1 26 | — | $1.4B | ||
| Q4 25 | $405.9M | $1.4B | ||
| Q3 25 | $408.4M | $1.4B | ||
| Q2 25 | $398.4M | $1.4B | ||
| Q1 25 | $381.1M | $1.4B | ||
| Q4 24 | $387.2M | $1.4B | ||
| Q3 24 | $416.6M | $1.3B | ||
| Q2 24 | $408.1M | $1.3B |
总资产SWIMUE
| Q1 26 | — | $3.4B | ||
| Q4 25 | $823.2M | $3.3B | ||
| Q3 25 | $844.4M | $3.3B | ||
| Q2 25 | $822.1M | $3.3B | ||
| Q1 25 | $824.6M | $3.3B | ||
| Q4 24 | $794.2M | $3.3B | ||
| Q3 24 | $853.4M | $3.2B | ||
| Q2 24 | $830.0M | $3.2B |
负债/权益比SWIMUE
| Q1 26 | — | — | ||
| Q4 25 | 0.69× | — | ||
| Q3 25 | 0.69× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.69× | — |
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 | $23.3M | $39.1M |
| 自由现金流经营现金流 - 资本支出 | $14.1M | — |
| 自由现金流率自由现金流/营收 | 14.1% | — |
| 资本支出强度资本支出/营收 | 9.2% | 1.5% |
| 现金转化率经营现金流/净利润 | — | 1.73× |
| 过去12个月自由现金流最近4个季度 | $38.0M | — |
8季度趋势，按日历期对齐
经营现金流SWIMUE
| Q1 26 | — | $39.1M | ||
| Q4 25 | $23.3M | $182.7M | ||
| Q3 25 | $51.0M | $55.7M | ||
| Q2 25 | $36.0M | $43.5M | ||
| Q1 25 | $-46.9M | $32.6M | ||
| Q4 24 | $6.2M | $153.2M | ||
| Q3 24 | $37.2M | $36.6M | ||
| Q2 24 | $52.4M | $41.2M |
自由现金流SWIMUE
| Q1 26 | — | — | ||
| Q4 25 | $14.1M | $81.8M | ||
| Q3 25 | $45.2M | $26.1M | ||
| Q2 25 | $29.1M | $19.6M | ||
| Q1 25 | $-50.3M | $11.9M | ||
| Q4 24 | $-98.0K | $42.5M | ||
| Q3 24 | $33.2M | $12.2M | ||
| Q2 24 | $47.9M | $19.9M |
自由现金流率SWIMUE
| Q1 26 | — | — | ||
| Q4 25 | 14.1% | 68.4% | ||
| Q3 25 | 27.9% | 21.7% | ||
| Q2 25 | 16.8% | 17.2% | ||
| Q1 25 | -45.2% | 10.0% | ||
| Q4 24 | -0.1% | 36.6% | ||
| Q3 24 | 22.1% | 10.8% | ||
| Q2 24 | 29.9% | 18.6% |
资本支出强度SWIMUE
| Q1 26 | — | 1.5% | ||
| Q4 25 | 9.2% | 84.4% | ||
| Q3 25 | 3.6% | 24.6% | ||
| Q2 25 | 4.0% | 20.9% | ||
| Q1 25 | 3.1% | 17.5% | ||
| Q4 24 | 7.2% | 95.1% | ||
| Q3 24 | 2.7% | 21.7% | ||
| Q2 24 | 2.8% | 20.1% |
现金转化率SWIMUE
| Q1 26 | — | 1.73× | ||
| Q4 25 | — | 14.71× | ||
| Q3 25 | 6.29× | 3.73× | ||
| Q2 25 | 2.25× | 0.75× | ||
| Q1 25 | — | 3.97× | ||
| Q4 24 | — | 5.09× | ||
| Q3 24 | 6.32× | 4.03× | ||
| Q2 24 | 3.95× | 1.34× |
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
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
UE
| Rental revenue | $124.2M | 94% |
| Other | $8.4M | 6% |
