vs
W. P. Carey Inc.（WPC）与沃茨水工业（WTS）财务数据对比。点击上方公司名可切换其他公司
沃茨水工业的季度营收约是W. P. Carey Inc.的1.4倍（$625.1M vs $444.5M），W. P. Carey Inc.净利率更高（33.4% vs 13.4%，领先20.0%），沃茨水工业同比增速更快（15.7% vs 9.4%），过去两年W. P. Carey Inc.的营收复合增速更高（6.8% vs 4.6%）
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
沃茨水工业旗下AERCO是暖通管道领域的商用冷凝锅炉、高效热水设备及能量回收系统供应商，服务覆盖教育、住宿、政府、办公楼、医疗、工业、多户型住宅等多元市场，1949年推出行业首款半即热式无罐蒸汽热水器，1988年推出首款冷凝全调制设备。
WPC vs WTS — 直观对比
营收规模更大
WTS
是对方的1.4倍
$444.5M
营收增速更快
WTS
高出6.2%
9.4%
净利率更高
WPC
高出20.0%
13.4%
两年增速更快
WPC
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $444.5M | $625.1M |
| 净利润 | $148.3M | $83.7M |
| 毛利率 | — | 49.5% |
| 营业利润率 | 34.5% | 18.2% |
| 净利率 | 33.4% | 13.4% |
| 营收同比 | 9.4% | 15.7% |
| 净利润同比 | 215.4% | 24.0% |
| 每股收益（稀释后） | — | $2.50 |
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WPCWTS
| Q4 25 | $444.5M | $625.1M | ||
| Q3 25 | $431.3M | $611.7M | ||
| Q2 25 | $430.8M | $643.7M | ||
| Q1 25 | $409.9M | $558.0M | ||
| Q4 24 | $406.2M | $540.4M | ||
| Q3 24 | $397.4M | $543.6M | ||
| Q2 24 | $389.7M | $597.3M | ||
| Q1 24 | $389.8M | $570.9M |
净利润WPCWTS
| Q4 25 | $148.3M | $83.7M | ||
| Q3 25 | $141.0M | $82.2M | ||
| Q2 25 | $51.2M | $100.9M | ||
| Q1 25 | $125.8M | $74.0M | ||
| Q4 24 | $47.0M | $67.5M | ||
| Q3 24 | $111.7M | $69.1M | ||
| Q2 24 | $142.9M | $82.0M | ||
| Q1 24 | $159.2M | $72.6M |
毛利率WPCWTS
| Q4 25 | — | 49.5% | ||
| Q3 25 | — | 48.8% | ||
| Q2 25 | — | 50.6% | ||
| Q1 25 | — | 48.8% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 47.3% | ||
| Q2 24 | — | 47.7% | ||
| Q1 24 | — | 46.9% |
营业利润率WPCWTS
| Q4 25 | 34.5% | 18.2% | ||
| Q3 25 | 34.7% | 18.2% | ||
| Q2 25 | 15.0% | 21.0% | ||
| Q1 25 | 33.5% | 15.7% | ||
| Q4 24 | 13.5% | 16.5% | ||
| Q3 24 | 30.4% | 17.1% | ||
| Q2 24 | 38.3% | 18.7% | ||
| Q1 24 | 43.0% | 16.9% |
净利率WPCWTS
| Q4 25 | 33.4% | 13.4% | ||
| Q3 25 | 32.7% | 13.4% | ||
| Q2 25 | 11.9% | 15.7% | ||
| Q1 25 | 30.7% | 13.3% | ||
| Q4 24 | 11.6% | 12.5% | ||
| Q3 24 | 28.1% | 12.7% | ||
| Q2 24 | 36.7% | 13.7% | ||
| Q1 24 | 40.8% | 12.7% |
每股收益（稀释后）WPCWTS
| Q4 25 | — | $2.50 | ||
| Q3 25 | — | $2.45 | ||
| Q2 25 | — | $3.01 | ||
| Q1 25 | — | $2.21 | ||
| Q4 24 | — | $2.02 | ||
| Q3 24 | — | $2.06 | ||
| Q2 24 | — | $2.44 | ||
| Q1 24 | — | $2.17 |
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 | $155.3M | $405.5M |
| 总债务越低越好 | $8.7B | — |
| 股东权益账面价值 | $8.1B | $2.0B |
| 总资产 | $18.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.07× | — |
8季度趋势，按日历期对齐
现金及短期投资WPCWTS
| Q4 25 | $155.3M | $405.5M | ||
| Q3 25 | $249.0M | $457.7M | ||
| Q2 25 | $244.8M | $369.3M | ||
| Q1 25 | $187.8M | $336.8M | ||
| Q4 24 | $640.4M | $386.9M | ||
| Q3 24 | $818.2M | $303.9M | ||
| Q2 24 | $1.1B | $279.4M | ||
| Q1 24 | $777.0M | $237.1M |
总债务WPCWTS
| Q4 25 | $8.7B | — | ||
| Q3 25 | $8.7B | — | ||
| Q2 25 | $8.6B | — | ||
| Q1 25 | $7.9B | — | ||
| Q4 24 | $8.0B | — | ||
| Q3 24 | $8.0B | — | ||
| Q2 24 | $8.1B | — | ||
| Q1 24 | $7.9B | — |
股东权益WPCWTS
| Q4 25 | $8.1B | $2.0B | ||
| Q3 25 | $8.2B | $2.0B | ||
| Q2 25 | $8.2B | $1.9B | ||
| Q1 25 | $8.4B | $1.8B | ||
| Q4 24 | $8.4B | $1.7B | ||
| Q3 24 | $8.6B | $1.7B | ||
| Q2 24 | $8.6B | $1.6B | ||
| Q1 24 | $8.7B | $1.6B |
总资产WPCWTS
| Q4 25 | $18.0B | $2.9B | ||
| Q3 25 | $18.0B | $2.7B | ||
| Q2 25 | $18.0B | $2.6B | ||
| Q1 25 | $17.3B | $2.5B | ||
| Q4 24 | $17.5B | $2.4B | ||
| Q3 24 | $17.6B | $2.4B | ||
| Q2 24 | $17.8B | $2.4B | ||
| Q1 24 | $17.6B | $2.3B |
负债/权益比WPCWTS
| Q4 25 | 1.07× | — | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 1.05× | — | ||
| Q1 25 | 0.94× | — | ||
| Q4 24 | 0.95× | — | ||
| Q3 24 | 0.93× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 0.91× | — |
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 | $304.6M | $154.7M |
| 自由现金流经营现金流 - 资本支出 | — | $140.3M |
| 自由现金流率自由现金流/营收 | — | 22.4% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 2.05× | 1.85× |
| 过去12个月自由现金流最近4个季度 | — | $356.3M |
8季度趋势，按日历期对齐
经营现金流WPCWTS
| Q4 25 | $304.6M | $154.7M | ||
| Q3 25 | $300.5M | $122.4M | ||
| Q2 25 | $404.0M | $69.7M | ||
| Q1 25 | $273.2M | $55.2M | ||
| Q4 24 | $296.3M | $139.5M | ||
| Q3 24 | $280.2M | $90.7M | ||
| Q2 24 | $221.0M | $85.3M | ||
| Q1 24 | $1.0B | $45.6M |
自由现金流WPCWTS
| Q4 25 | — | $140.3M | ||
| Q3 25 | — | $110.9M | ||
| Q2 25 | — | $59.5M | ||
| Q1 25 | — | $45.6M | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | $84.3M | ||
| Q2 24 | — | $78.5M | ||
| Q1 24 | — | $35.5M |
自由现金流率WPCWTS
| Q4 25 | — | 22.4% | ||
| Q3 25 | — | 18.1% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 8.2% | ||
| Q4 24 | — | 23.6% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 13.1% | ||
| Q1 24 | — | 6.2% |
资本支出强度WPCWTS
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.9% | ||
| Q2 25 | — | 1.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.8% |
现金转化率WPCWTS
| Q4 25 | 2.05× | 1.85× | ||
| Q3 25 | 2.13× | 1.49× | ||
| Q2 25 | 7.89× | 0.69× | ||
| Q1 25 | 2.17× | 0.75× | ||
| Q4 24 | 6.30× | 2.07× | ||
| Q3 24 | 2.51× | 1.31× | ||
| Q2 24 | 1.55× | 1.04× | ||
| Q1 24 | 6.50× | 0.63× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
