vs
Ventas（VTR）与Workday, Inc.（WDAY）财务数据对比。点击上方公司名可切换其他公司
Workday, Inc.的季度营收约是Ventas的1.5倍（$2.4B vs $1.7B），Workday, Inc.净利率更高（10.4% vs 3.6%，领先6.8%），Ventas同比增速更快（22.0% vs 12.6%），过去两年Ventas的营收复合增速更高（17.5% vs 12.5%）
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
Workday是全球领先的企业级云软件供应商，核心产品覆盖人力资本管理、财务管理及企业资源规划解决方案，主要服务教育、医疗、金融、科技等行业的中大型机构，业务遍布北美、欧洲、亚太等全球主要市场。
VTR vs WDAY — 直观对比
营收规模更大
WDAY
是对方的1.5倍
$1.7B
营收增速更快
VTR
高出9.4%
12.6%
净利率更高
WDAY
高出6.8%
3.6%
两年增速更快
VTR
近两年复合增速
12.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.4B |
| 净利润 | $59.0M | $252.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 10.6% |
| 净利率 | 3.6% | 10.4% |
| 营收同比 | 22.0% | 12.6% |
| 净利润同比 | 19.0% | 30.6% |
| 每股收益（稀释后） | — | $0.94 |
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VTRWDAY
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.6B | $2.4B | ||
| Q3 25 | $1.5B | $2.3B | ||
| Q2 25 | $1.4B | $2.2B | ||
| Q1 25 | $1.4B | $2.2B | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $1.2B | $2.1B | ||
| Q2 24 | $1.2B | $2.0B |
净利润VTRWDAY
| Q1 26 | $59.0M | — | ||
| Q4 25 | $73.0M | $252.0M | ||
| Q3 25 | $68.7M | $228.0M | ||
| Q2 25 | $71.5M | $68.0M | ||
| Q1 25 | $48.4M | $94.0M | ||
| Q4 24 | $58.7M | $193.0M | ||
| Q3 24 | $21.0M | $132.0M | ||
| Q2 24 | $21.2M | $107.0M |
营业利润率VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 10.6% | ||
| Q3 25 | 3.0% | 10.6% | ||
| Q2 25 | 3.0% | 1.7% | ||
| Q1 25 | 3.0% | 3.4% | ||
| Q4 24 | -0.0% | 7.6% | ||
| Q3 24 | 1.5% | 5.3% | ||
| Q2 24 | -1.6% | 3.2% |
净利率VTRWDAY
| Q1 26 | 3.6% | — | ||
| Q4 25 | 4.7% | 10.4% | ||
| Q3 25 | 4.6% | 9.7% | ||
| Q2 25 | 5.0% | 3.0% | ||
| Q1 25 | 3.6% | 4.3% | ||
| Q4 24 | 4.6% | 8.9% | ||
| Q3 24 | 1.7% | 6.3% | ||
| Q2 24 | 1.8% | 5.4% |
每股收益（稀释后）VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | $0.15 | $0.94 | ||
| Q3 25 | $0.14 | $0.84 | ||
| Q2 25 | $0.15 | $0.25 | ||
| Q1 25 | $0.10 | $0.34 | ||
| Q4 24 | $0.13 | $0.72 | ||
| Q3 24 | $0.05 | $0.49 | ||
| Q2 24 | $0.05 | $0.40 |
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 | $183.6M | $6.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $13.2B | $8.9B |
| 总资产 | $27.7B | $17.8B |
| 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VTRWDAY
| Q1 26 | $183.6M | — | ||
| Q4 25 | $741.1M | $6.8B | ||
| Q3 25 | $188.6M | $8.2B | ||
| Q2 25 | $614.2M | $8.0B | ||
| Q1 25 | $182.3M | $8.0B | ||
| Q4 24 | $897.9M | $7.2B | ||
| Q3 24 | $1.1B | $7.4B | ||
| Q2 24 | $557.1M | $7.2B |
总债务VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | $13.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $13.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $3.0B |
股东权益VTRWDAY
| Q1 26 | $13.2B | — | ||
| Q4 25 | $12.5B | $8.9B | ||
| Q3 25 | $12.4B | $9.2B | ||
| Q2 25 | $11.5B | $8.9B | ||
| Q1 25 | $11.5B | $9.0B | ||
| Q4 24 | $10.8B | $8.6B | ||
| Q3 24 | $9.8B | $8.3B | ||
| Q2 24 | $9.6B | $8.2B |
总资产VTRWDAY
| Q1 26 | $27.7B | — | ||
| Q4 25 | $27.6B | $17.8B | ||
| Q3 25 | $26.9B | $18.0B | ||
| Q2 25 | $26.5B | $17.2B | ||
| Q1 25 | $26.0B | $18.0B | ||
| Q4 24 | $26.2B | $16.4B | ||
| Q3 24 | $25.3B | $16.2B | ||
| Q2 24 | $24.5B | $15.9B |
负债/权益比VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.26× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.37× |
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 | — | $588.0M |
| 自由现金流经营现金流 - 资本支出 | — | $550.0M |
| 自由现金流率自由现金流/营收 | — | 22.6% |
| 资本支出强度资本支出/营收 | — | 1.6% |
| 现金转化率经营现金流/净利润 | — | 2.33× |
| 过去12个月自由现金流最近4个季度 | — | $2.6B |
8季度趋势，按日历期对齐
经营现金流VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | $471.7M | $588.0M | ||
| Q3 25 | $378.6M | $616.0M | ||
| Q2 25 | $475.3M | $457.0M | ||
| Q1 25 | $321.1M | $1.1B | ||
| Q4 24 | $373.6M | $406.0M | ||
| Q3 24 | $353.7M | $571.0M | ||
| Q2 24 | $335.9M | $372.0M |
自由现金流VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | — | $550.0M | ||
| Q3 25 | — | $588.0M | ||
| Q2 25 | — | $421.0M | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $359.0M | ||
| Q3 24 | — | $516.0M | ||
| Q2 24 | — | $291.0M |
自由现金流率VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | — | 22.6% | ||
| Q3 25 | — | 25.0% | ||
| Q2 25 | — | 18.8% | ||
| Q1 25 | — | 46.4% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 14.6% |
资本支出强度VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 4.1% |
现金转化率VTRWDAY
| Q1 26 | — | — | ||
| Q4 25 | 6.46× | 2.33× | ||
| Q3 25 | 5.51× | 2.70× | ||
| Q2 25 | 6.65× | 6.72× | ||
| Q1 25 | 6.64× | 11.83× | ||
| Q4 24 | 6.36× | 2.10× | ||
| Q3 24 | 16.84× | 4.33× | ||
| Q2 24 | 15.87× | 3.48× |
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
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
WDAY
| Subscription Services | $2.2B | 92% |
| Professional Services | $188.0M | 8% |
