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Tilray Brands, Inc.（TLRY）与Walker & Dunlop, Inc.（WD）财务数据对比。点击上方公司名可切换其他公司
Walker & Dunlop, Inc.的季度营收约是Tilray Brands, Inc.的1.6倍（$340.0M vs $217.5M），Walker & Dunlop, Inc.净利率更高（-12.9% vs -20.7%，领先7.8%），Tilray Brands, Inc.同比增速更快（3.1% vs -0.4%），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% vs 7.5%）
Tilray Brands, Inc.是一家美国企业，主营医药、大麻生活方式产品以及包装消费品业务，公司注册于美国，总部坐落于纽约。该公司在加拿大、澳大利亚、新西兰、拉美地区均开展业务，同时在德国和葡萄牙拥有大麻种植基地。
Walker & Dunlop, Inc.是美国乃至全球规模领先的商业地产金融与咨询服务机构，为客户提供覆盖商业地产领域的多元金融解决方案及专业咨询服务，业务辐射全球多个市场，在行业内拥有深厚的资源积累与广泛的市场认可度。
TLRY vs WD — 直观对比
营收规模更大
WD
是对方的1.6倍
$217.5M
营收增速更快
TLRY
高出3.5%
-0.4%
净利率更高
WD
高出7.8%
-20.7%
两年增速更快
WD
近两年复合增速
7.5%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $217.5M | $340.0M |
| 净利润 | $-44.9M | $-13.9M |
| 毛利率 | 26.4% | — |
| 营业利润率 | -10.2% | -17.2% |
| 净利率 | -20.7% | -12.9% |
| 营收同比 | 3.1% | -0.4% |
| 净利润同比 | 47.4% | -131.0% |
| 每股收益（稀释后） | $-0.41 | $-0.41 |
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TLRYWD
| Q4 25 | $217.5M | $340.0M | ||
| Q3 25 | $209.5M | $337.7M | ||
| Q2 25 | $224.5M | $319.2M | ||
| Q1 25 | $185.8M | $237.4M | ||
| Q4 24 | $210.9M | $341.5M | ||
| Q3 24 | $200.0M | $292.3M | ||
| Q2 24 | $229.9M | $270.7M | ||
| Q1 24 | $188.3M | $228.1M |
净利润TLRYWD
| Q4 25 | $-44.9M | $-13.9M | ||
| Q3 25 | $-322.0K | $33.5M | ||
| Q2 25 | $-1.3B | $34.0M | ||
| Q1 25 | $-789.4M | $2.8M | ||
| Q4 24 | $-85.3M | $44.8M | ||
| Q3 24 | $-39.2M | $28.8M | ||
| Q2 24 | $-31.7M | $22.7M | ||
| Q1 24 | $-92.7M | $11.9M |
毛利率TLRYWD
| Q4 25 | 26.4% | — | ||
| Q3 25 | 27.4% | — | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 29.0% | — | ||
| Q3 24 | 29.8% | — | ||
| Q2 24 | 35.8% | — | ||
| Q1 24 | 26.2% | — |
营业利润率TLRYWD
| Q4 25 | -10.2% | -17.2% | ||
| Q3 25 | 1.0% | 13.6% | ||
| Q2 25 | -643.1% | 14.5% | ||
| Q1 25 | -409.0% | 2.2% | ||
| Q4 24 | -20.0% | 15.3% | ||
| Q3 24 | -18.3% | 12.8% | ||
| Q2 24 | -7.2% | 10.4% | ||
| Q1 24 | -43.6% | 6.0% |
净利率TLRYWD
| Q4 25 | -20.7% | -12.9% | ||
| Q3 25 | -0.2% | 9.9% | ||
| Q2 25 | -566.9% | 10.6% | ||
| Q1 25 | -424.9% | 1.2% | ||
| Q4 24 | -40.5% | 13.1% | ||
| Q3 24 | -19.6% | 9.9% | ||
| Q2 24 | -13.8% | 8.4% | ||
| Q1 24 | -49.2% | 5.2% |
每股收益（稀释后）TLRYWD
| Q4 25 | $-0.41 | $-0.41 | ||
| Q3 25 | $0.00 | $0.98 | ||
| Q2 25 | $7.26 | $0.99 | ||
| Q1 25 | $-8.69 | $0.08 | ||
| Q4 24 | $-0.99 | $1.32 | ||
| Q3 24 | $-0.04 | $0.85 | ||
| Q2 24 | $-0.04 | $0.67 | ||
| Q1 24 | $-0.12 | $0.35 |
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 | $291.6M | $299.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $1.7B |
| 总资产 | $2.1B | $5.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资TLRYWD
| Q4 25 | $291.6M | $299.3M | ||
| Q3 25 | $264.8M | $274.8M | ||
| Q2 25 | $256.4M | $233.7M | ||
| Q1 25 | — | $181.0M | ||
| Q4 24 | $252.2M | $279.3M | ||
| Q3 24 | $280.1M | $179.8M | ||
| Q2 24 | $260.5M | $208.1M | ||
| Q1 24 | $225.9M | $216.5M |
股东权益TLRYWD
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.8B | ||
| Q1 25 | $2.7B | $1.7B | ||
| Q4 24 | $3.5B | $1.7B | ||
| Q3 24 | $3.5B | $1.7B | ||
| Q2 24 | $3.4B | $1.7B | ||
| Q1 24 | $3.4B | $1.7B |
总资产TLRYWD
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $2.1B | $5.8B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | — | $4.5B | ||
| Q4 24 | $4.2B | $4.4B | ||
| Q3 24 | $4.3B | $4.6B | ||
| Q2 24 | $4.2B | $4.2B | ||
| Q1 24 | $4.2B | $3.8B |
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 | $-8.5M | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-680.1M |
| 自由现金流率自由现金流/营收 | — | -200.0% |
| 资本支出强度资本支出/营收 | — | 4.6% |
| 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 | — | $-2.2B |
8季度趋势，按日历期对齐
经营现金流TLRYWD
| Q4 25 | $-8.5M | $-664.3M | ||
| Q3 25 | $-1.3M | $-948.1M | ||
| Q2 25 | $-12.8M | $-238.5M | ||
| Q1 25 | $-5.8M | $-281.1M | ||
| Q4 24 | $-40.7M | $129.4M | ||
| Q3 24 | $-35.3M | $-202.0M | ||
| Q2 24 | $30.7M | $-237.8M | ||
| Q1 24 | $-15.4M | $38.4M |
自由现金流TLRYWD
| Q4 25 | — | $-680.1M | ||
| Q3 25 | — | $-950.4M | ||
| Q2 25 | $-19.1M | $-241.0M | ||
| Q1 25 | $-20.2M | $-284.7M | ||
| Q4 24 | $-46.2M | $116.4M | ||
| Q3 24 | $-42.0M | $-204.0M | ||
| Q2 24 | $21.0M | $-241.7M | ||
| Q1 24 | $-24.9M | $35.2M |
自由现金流率TLRYWD
| Q4 25 | — | -200.0% | ||
| Q3 25 | — | -281.5% | ||
| Q2 25 | -8.5% | -75.5% | ||
| Q1 25 | -10.9% | -120.0% | ||
| Q4 24 | -21.9% | 34.1% | ||
| Q3 24 | -21.0% | -69.8% | ||
| Q2 24 | 9.1% | -89.3% | ||
| Q1 24 | -13.2% | 15.4% |
资本支出强度TLRYWD
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 2.8% | 0.8% | ||
| Q1 25 | 7.8% | 1.5% | ||
| Q4 24 | 2.6% | 3.8% | ||
| Q3 24 | 3.4% | 0.7% | ||
| Q2 24 | 4.2% | 1.4% | ||
| Q1 24 | 5.1% | 1.4% |
现金转化率TLRYWD
| Q4 25 | — | — | ||
| Q3 25 | — | -28.34× | ||
| Q2 25 | — | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | — | 2.89× | ||
| Q3 24 | — | -7.01× | ||
| Q2 24 | — | -10.49× | ||
| Q1 24 | — | 3.24× |
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
TLRY
| Adultuse Cannabis Products | $62.4M | 29% |
| Other | $59.2M | 27% |
| Beverage Alcohol Business | $53.6M | 25% |
| International Cannabis Products | $20.2M | 9% |
| Wellness Business | $14.6M | 7% |
| Medical Cannabis Products | $6.2M | 3% |
| Wholesale Cannabis Products | $1.3M | 1% |
WD
暂无分部数据
