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特灵科技（TT）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
特灵科技的季度营收约是Welltower的1.5倍（$5.1B vs $3.4B），Welltower净利率更高（22.4% vs 11.5%，领先11.0%），Welltower同比增速更快（38.3% vs 5.5%），过去两年Welltower的营收复合增速更高（55.1% vs 10.5%）
特灵科技是一家注册地位于爱尔兰的企业，核心业务覆盖采暖、通风、空调及制冷系统领域。品牌历史可追溯至150多年前，历经多次并购与分拆：2008年暖通空调厂商特灵被美国工业工具制造商英格索兰收购，2020年工具业务分拆独立为英格索兰，剩余业务正式更名特灵科技。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
TT vs WELL — 直观对比
营收规模更大
TT
是对方的1.5倍
$3.4B
营收增速更快
WELL
高出32.8%
5.5%
净利率更高
WELL
高出11.0%
11.5%
两年增速更快
WELL
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $5.1B | $3.4B |
| 净利润 | $591.3M | $752.3M |
| 毛利率 | — | — |
| 营业利润率 | 15.9% | — |
| 净利率 | 11.5% | 22.4% |
| 营收同比 | 5.5% | 38.3% |
| 净利润同比 | -2.2% | 192.4% |
| 每股收益（稀释后） | $2.64 | — |
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TTWELL
| Q1 26 | — | $3.4B | ||
| Q4 25 | $5.1B | $2.6B | ||
| Q3 25 | $5.7B | $2.1B | ||
| Q2 25 | $5.7B | $2.0B | ||
| Q1 25 | $4.7B | $1.9B | ||
| Q4 24 | $4.9B | $1.8B | ||
| Q3 24 | $5.4B | $1.5B | ||
| Q2 24 | $5.3B | $1.4B |
净利润TTWELL
| Q1 26 | — | $752.3M | ||
| Q4 25 | $591.3M | $117.8M | ||
| Q3 25 | $847.6M | $282.2M | ||
| Q2 25 | $874.8M | $304.6M | ||
| Q1 25 | $604.9M | $257.3M | ||
| Q4 24 | $604.3M | $123.8M | ||
| Q3 24 | $772.0M | $456.8M | ||
| Q2 24 | $755.3M | $260.7M |
毛利率TTWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 24.3% | ||
| Q3 25 | 36.9% | 23.5% | ||
| Q2 25 | 37.6% | 23.2% | ||
| Q1 25 | 35.8% | 21.6% | ||
| Q4 24 | — | 20.0% | ||
| Q3 24 | 36.3% | 19.8% | ||
| Q2 24 | 36.5% | 20.2% |
营业利润率TTWELL
| Q1 26 | — | — | ||
| Q4 25 | 15.9% | — | ||
| Q3 25 | 20.3% | 14.2% | ||
| Q2 25 | 20.3% | 15.1% | ||
| Q1 25 | 17.5% | 10.7% | ||
| Q4 24 | 16.6% | 6.2% | ||
| Q3 24 | 18.8% | 12.2% | ||
| Q2 24 | 19.5% | 6.5% |
净利率TTWELL
| Q1 26 | — | 22.4% | ||
| Q4 25 | 11.5% | 4.6% | ||
| Q3 25 | 14.8% | 13.7% | ||
| Q2 25 | 15.2% | 15.5% | ||
| Q1 25 | 12.9% | 13.8% | ||
| Q4 24 | 12.4% | 7.0% | ||
| Q3 24 | 14.2% | 30.2% | ||
| Q2 24 | 14.2% | 18.7% |
每股收益（稀释后）TTWELL
| Q1 26 | — | — | ||
| Q4 25 | $2.64 | $0.13 | ||
| Q3 25 | $3.78 | $0.41 | ||
| Q2 25 | $3.89 | $0.45 | ||
| Q1 25 | $2.67 | $0.40 | ||
| Q4 24 | $2.65 | $0.20 | ||
| Q3 24 | $3.39 | $0.73 | ||
| Q2 24 | $3.30 | $0.42 |
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 | $1.8B | $4.7B |
| 总债务越低越好 | $4.6B | — |
| 股东权益账面价值 | $8.6B | $44.7B |
| 总资产 | $21.4B | $67.2B |
| 负债/权益比越低杠杆越低 | 0.54× | — |
8季度趋势，按日历期对齐
现金及短期投资TTWELL
| Q1 26 | — | $4.7B | ||
| Q4 25 | $1.8B | $5.0B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $3.5B | ||
| Q4 24 | $1.6B | $3.5B | ||
| Q3 24 | — | $3.6B | ||
| Q2 24 | — | $2.8B |
总债务TTWELL
| Q1 26 | — | — | ||
| Q4 25 | $4.6B | $19.2B | ||
| Q3 25 | — | $16.9B | ||
| Q2 25 | — | $16.0B | ||
| Q1 25 | — | $15.7B | ||
| Q4 24 | $4.8B | $15.5B | ||
| Q3 24 | — | $15.8B | ||
| Q2 24 | — | $13.9B |
股东权益TTWELL
| Q1 26 | — | $44.7B | ||
| Q4 25 | $8.6B | $42.1B | ||
| Q3 25 | $8.3B | $38.8B | ||
| Q2 25 | $7.8B | $35.9B | ||
| Q1 25 | $7.5B | $34.0B | ||
| Q4 24 | $7.5B | $32.0B | ||
| Q3 24 | $7.6B | $30.3B | ||
| Q2 24 | $6.9B | $29.0B |
总资产TTWELL
| Q1 26 | — | $67.2B | ||
| Q4 25 | $21.4B | $67.3B | ||
| Q3 25 | $21.4B | $59.5B | ||
| Q2 25 | $21.0B | $55.8B | ||
| Q1 25 | $20.1B | $53.3B | ||
| Q4 24 | $20.1B | $51.0B | ||
| Q3 24 | $20.9B | $49.0B | ||
| Q2 24 | $20.2B | $45.5B |
负债/权益比TTWELL
| Q1 26 | — | — | ||
| Q4 25 | 0.54× | 0.46× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | 0.64× | 0.49× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.48× |
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 | $1.2B | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.96× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流TTWELL
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | $654.3M | ||
| Q3 25 | $1.0B | $858.4M | ||
| Q2 25 | $692.1M | $770.0M | ||
| Q1 25 | $339.5M | $599.0M | ||
| Q4 24 | $899.9M | $559.2M | ||
| Q3 24 | $1.3B | $685.0M | ||
| Q2 24 | $695.9M | $605.4M |
自由现金流TTWELL
| Q1 26 | — | — | ||
| Q4 25 | — | $340.4M | ||
| Q3 25 | $935.6M | $595.3M | ||
| Q2 25 | $602.2M | $537.2M | ||
| Q1 25 | $220.6M | $358.6M | ||
| Q4 24 | $774.3M | $240.4M | ||
| Q3 24 | $1.2B | $443.8M | ||
| Q2 24 | $623.0M | $440.3M |
自由现金流率TTWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 13.3% | ||
| Q3 25 | 16.3% | 28.9% | ||
| Q2 25 | 10.5% | 27.3% | ||
| Q1 25 | 4.7% | 19.2% | ||
| Q4 24 | 15.9% | 13.6% | ||
| Q3 24 | 22.3% | 29.4% | ||
| Q2 24 | 11.7% | 31.6% |
资本支出强度TTWELL
| Q1 26 | — | — | ||
| Q4 25 | — | 12.3% | ||
| Q3 25 | 1.2% | 12.8% | ||
| Q2 25 | 1.6% | 11.8% | ||
| Q1 25 | 2.5% | 12.9% | ||
| Q4 24 | 2.6% | 18.1% | ||
| Q3 24 | 1.6% | 16.0% | ||
| Q2 24 | 1.4% | 11.8% |
现金转化率TTWELL
| Q1 26 | — | — | ||
| Q4 25 | 1.96× | 5.56× | ||
| Q3 25 | 1.18× | 3.04× | ||
| Q2 25 | 0.79× | 2.53× | ||
| Q1 25 | 0.56× | 2.33× | ||
| Q4 24 | 1.49× | 4.52× | ||
| Q3 24 | 1.69× | 1.50× | ||
| Q2 24 | 0.92× | 2.32× |
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
TT
| Services | $2.8B | 55% |
| Other | $2.3B | 45% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
