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猫途鹰（TRIP）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
猫途鹰的季度营收约是Walker & Dunlop, Inc.的1.2倍（$411.0M vs $340.0M），猫途鹰净利率更高（-9.2% vs -12.9%，领先3.7%），猫途鹰同比增速更快（0.0% vs -0.4%），猫途鹰自由现金流更多（$-122.0M vs $-680.1M），过去两年Walker & Dunlop, Inc.的营收复合增速更高（22.1% vs 2.0%）
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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。
TRIP vs WD — 直观对比
营收规模更大
TRIP
是对方的1.2倍
$340.0M
营收增速更快
TRIP
高出0.4%
-0.4%
净利率更高
TRIP
高出3.7%
-12.9%
自由现金流更多
TRIP
多$558.1M
$-680.1M
两年增速更快
WD
近两年复合增速
2.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $411.0M | $340.0M |
| 净利润 | $-38.0M | $-13.9M |
| 毛利率 | 91.5% | — |
| 营业利润率 | -8.3% | -17.2% |
| 净利率 | -9.2% | -12.9% |
| 营收同比 | 0.0% | -0.4% |
| 净利润同比 | -3900.0% | -131.0% |
| 每股收益（稀释后） | $-0.32 | $-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TRIPWD
| Q4 25 | $411.0M | $340.0M | ||
| Q3 25 | $553.0M | $337.7M | ||
| Q2 25 | $529.0M | $319.2M | ||
| Q1 25 | $398.0M | $237.4M | ||
| Q4 24 | $411.0M | $341.5M | ||
| Q3 24 | $532.0M | $292.3M | ||
| Q2 24 | $497.0M | $270.7M | ||
| Q1 24 | $395.0M | $228.1M |
净利润TRIPWD
| Q4 25 | $-38.0M | $-13.9M | ||
| Q3 25 | $53.0M | $33.5M | ||
| Q2 25 | $36.0M | $34.0M | ||
| Q1 25 | $-11.0M | $2.8M | ||
| Q4 24 | $1.0M | $44.8M | ||
| Q3 24 | $39.0M | $28.8M | ||
| Q2 24 | $24.0M | $22.7M | ||
| Q1 24 | $-59.0M | $11.9M |
毛利率TRIPWD
| Q4 25 | 91.5% | — | ||
| Q3 25 | 92.6% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 93.2% | — | ||
| Q4 24 | 93.4% | — | ||
| Q3 24 | 92.5% | — | ||
| Q2 24 | 92.8% | — | ||
| Q1 24 | 93.7% | — |
营业利润率TRIPWD
| Q4 25 | -8.3% | -17.2% | ||
| Q3 25 | 12.7% | 13.6% | ||
| Q2 25 | 11.2% | 14.5% | ||
| Q1 25 | -3.8% | 2.2% | ||
| Q4 24 | 0.2% | 15.3% | ||
| Q3 24 | 13.2% | 12.8% | ||
| Q2 24 | 7.2% | 10.4% | ||
| Q1 24 | -3.8% | 6.0% |
净利率TRIPWD
| Q4 25 | -9.2% | -12.9% | ||
| Q3 25 | 9.6% | 9.9% | ||
| Q2 25 | 6.8% | 10.6% | ||
| Q1 25 | -2.8% | 1.2% | ||
| Q4 24 | 0.2% | 13.1% | ||
| Q3 24 | 7.3% | 9.9% | ||
| Q2 24 | 4.8% | 8.4% | ||
| Q1 24 | -14.9% | 5.2% |
每股收益（稀释后）TRIPWD
| Q4 25 | $-0.32 | $-0.41 | ||
| Q3 25 | $0.43 | $0.98 | ||
| Q2 25 | $0.28 | $0.99 | ||
| Q1 25 | $-0.08 | $0.08 | ||
| Q4 24 | $0.03 | $1.32 | ||
| Q3 24 | $0.27 | $0.85 | ||
| Q2 24 | $0.17 | $0.67 | ||
| Q1 24 | $-0.43 | $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 | $1.0B | $299.3M |
| 总债务越低越好 | $819.0M | — |
| 股东权益账面价值 | $645.0M | $1.7B |
| 总资产 | $2.6B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.27× | — |
8季度趋势，按日历期对齐
现金及短期投资TRIPWD
| Q4 25 | $1.0B | $299.3M | ||
| Q3 25 | $1.2B | $274.8M | ||
| Q2 25 | $1.2B | $233.7M | ||
| Q1 25 | $1.2B | $181.0M | ||
| Q4 24 | $1.1B | $279.3M | ||
| Q3 24 | $1.1B | $179.8M | ||
| Q2 24 | $1.2B | $208.1M | ||
| Q1 24 | $1.2B | $216.5M |
总债务TRIPWD
| Q4 25 | $819.0M | — | ||
| Q3 25 | $821.0M | — | ||
| Q2 25 | $822.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $831.0M | — | ||
| Q3 24 | $832.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益TRIPWD
| Q4 25 | $645.0M | $1.7B | ||
| Q3 25 | $707.0M | $1.8B | ||
| Q2 25 | $627.0M | $1.8B | ||
| Q1 25 | $643.0M | $1.7B | ||
| Q4 24 | $943.0M | $1.7B | ||
| Q3 24 | $944.0M | $1.7B | ||
| Q2 24 | $857.0M | $1.7B | ||
| Q1 24 | $825.0M | $1.7B |
总资产TRIPWD
| Q4 25 | $2.6B | $5.1B | ||
| Q3 25 | $2.8B | $5.8B | ||
| Q2 25 | $2.9B | $4.7B | ||
| Q1 25 | $2.8B | $4.5B | ||
| Q4 24 | $2.6B | $4.4B | ||
| Q3 24 | $2.7B | $4.6B | ||
| Q2 24 | $2.8B | $4.2B | ||
| Q1 24 | $2.7B | $3.8B |
负债/权益比TRIPWD
| Q4 25 | 1.27× | — | ||
| Q3 25 | 1.16× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.88× | — | ||
| 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 | $-103.0M | $-664.3M |
| 自由现金流经营现金流 - 资本支出 | $-122.0M | $-680.1M |
| 自由现金流率自由现金流/营收 | -29.7% | -200.0% |
| 资本支出强度资本支出/营收 | 4.6% | 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 | $163.0M | $-2.2B |
8季度趋势，按日历期对齐
经营现金流TRIPWD
| Q4 25 | $-103.0M | $-664.3M | ||
| Q3 25 | $44.0M | $-948.1M | ||
| Q2 25 | $202.0M | $-238.5M | ||
| Q1 25 | $102.0M | $-281.1M | ||
| Q4 24 | $-3.0M | $129.4M | ||
| Q3 24 | $-43.0M | $-202.0M | ||
| Q2 24 | $51.0M | $-237.8M | ||
| Q1 24 | $139.0M | $38.4M |
自由现金流TRIPWD
| Q4 25 | $-122.0M | $-680.1M | ||
| Q3 25 | $25.0M | $-950.4M | ||
| Q2 25 | $177.0M | $-241.0M | ||
| Q1 25 | $83.0M | $-284.7M | ||
| Q4 24 | $-26.0M | $116.4M | ||
| Q3 24 | $-63.0M | $-204.0M | ||
| Q2 24 | $36.0M | $-241.7M | ||
| Q1 24 | $123.0M | $35.2M |
自由现金流率TRIPWD
| Q4 25 | -29.7% | -200.0% | ||
| Q3 25 | 4.5% | -281.5% | ||
| Q2 25 | 33.5% | -75.5% | ||
| Q1 25 | 20.9% | -120.0% | ||
| Q4 24 | -6.3% | 34.1% | ||
| Q3 24 | -11.8% | -69.8% | ||
| Q2 24 | 7.2% | -89.3% | ||
| Q1 24 | 31.1% | 15.4% |
资本支出强度TRIPWD
| Q4 25 | 4.6% | 4.6% | ||
| Q3 25 | 3.4% | 0.7% | ||
| Q2 25 | 4.7% | 0.8% | ||
| Q1 25 | 4.8% | 1.5% | ||
| Q4 24 | 5.6% | 3.8% | ||
| Q3 24 | 3.8% | 0.7% | ||
| Q2 24 | 3.0% | 1.4% | ||
| Q1 24 | 4.1% | 1.4% |
现金转化率TRIPWD
| Q4 25 | — | — | ||
| Q3 25 | 0.83× | -28.34× | ||
| Q2 25 | 5.61× | -7.02× | ||
| Q1 25 | — | -102.07× | ||
| Q4 24 | -3.00× | 2.89× | ||
| Q3 24 | -1.10× | -7.01× | ||
| Q2 24 | 2.13× | -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
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
WD
暂无分部数据
