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安捷伦科技（A）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
安捷伦科技的季度营收约是西蒙地产集团的1.0倍（$1.8B vs $1.8B），西蒙地产集团净利率更高（197.6% vs 17.0%，领先180.6%），西蒙地产集团同比增速更快（13.2% vs 7.0%），西蒙地产集团自由现金流更多（$948.8M vs $175.0M），过去两年西蒙地产集团的营收复合增速更高（11.4% vs 6.9%）
安捷伦科技是全球知名的生命科学、诊断与应用化学领域解决方案提供商，旗下生命科学与应用市场业务板块提供液相色谱系统及组件、液相色谱质谱联用系统、气相色谱设备、电感耦合等离子体质谱仪、原子吸收仪等多种分析检测仪器，服务全球各领域客户。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业的相关权益。
A vs SPG — 直观对比
营收规模更大
A
是对方的1.0倍
$1.8B
营收增速更快
SPG
高出6.3%
7.0%
净利率更高
SPG
高出180.6%
17.0%
自由现金流更多
SPG
多$773.8M
$175.0M
两年增速更快
SPG
近两年复合增速
6.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.8B |
| 净利润 | $305.0M | $3.5B |
| 毛利率 | 52.6% | — |
| 营业利润率 | 19.6% | 49.7% |
| 净利率 | 17.0% | 197.6% |
| 营收同比 | 7.0% | 13.2% |
| 净利润同比 | -4.1% | 358.7% |
| 每股收益（稀释后） | $1.07 | $9.34 |
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ASPG
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.5B | ||
| Q4 24 | $1.7B | $1.6B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B |
净利润ASPG
| Q1 26 | $305.0M | — | ||
| Q4 25 | $434.0M | $3.5B | ||
| Q3 25 | $336.0M | $702.7M | ||
| Q2 25 | $215.0M | $643.7M | ||
| Q1 25 | $318.0M | $477.9M | ||
| Q4 24 | $351.0M | $771.8M | ||
| Q3 24 | $282.0M | $546.7M | ||
| Q2 24 | $308.0M | $569.4M |
毛利率ASPG
| Q1 26 | 52.6% | — | ||
| Q4 25 | 53.2% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 51.9% | — | ||
| Q1 25 | 53.5% | — | ||
| Q4 24 | 53.9% | — | ||
| Q3 24 | 54.2% | — | ||
| Q2 24 | 54.4% | — |
营业利润率ASPG
| Q1 26 | 19.6% | — | ||
| Q4 25 | 23.8% | 49.7% | ||
| Q3 25 | 20.7% | 50.8% | ||
| Q2 25 | 18.0% | 49.7% | ||
| Q1 25 | 22.4% | 49.4% | ||
| Q4 24 | 24.0% | 52.8% | ||
| Q3 24 | 21.1% | 51.9% | ||
| Q2 24 | 23.1% | 51.7% |
净利率ASPG
| Q1 26 | 17.0% | — | ||
| Q4 25 | 23.3% | 197.6% | ||
| Q3 25 | 19.3% | 43.9% | ||
| Q2 25 | 12.9% | 43.0% | ||
| Q1 25 | 18.9% | 32.4% | ||
| Q4 24 | 20.6% | 48.8% | ||
| Q3 24 | 17.9% | 36.9% | ||
| Q2 24 | 19.6% | 39.0% |
每股收益（稀释后）ASPG
| Q1 26 | $1.07 | — | ||
| Q4 25 | $1.53 | $9.34 | ||
| Q3 25 | $1.18 | $1.86 | ||
| Q2 25 | $0.75 | $1.70 | ||
| Q1 25 | $1.11 | $1.27 | ||
| Q4 24 | $1.23 | $2.04 | ||
| Q3 24 | $0.97 | $1.46 | ||
| Q2 24 | $1.05 | $1.51 |
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 | $823.1M |
| 总债务越低越好 | $3.0B | $28.4B |
| 股东权益账面价值 | $6.9B | $5.2B |
| 总资产 | $12.8B | $40.6B |
| 负债/权益比越低杠杆越低 | 0.44× | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资ASPG
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $823.1M | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.8B | $2.5B | ||
| Q2 24 | $1.7B | $2.5B |
总债务ASPG
| Q1 26 | $3.0B | — | ||
| Q4 25 | $3.0B | $28.4B | ||
| Q3 25 | $3.4B | $25.8B | ||
| Q2 25 | $3.3B | $25.4B | ||
| Q1 25 | $3.3B | $24.8B | ||
| Q4 24 | $3.3B | $24.3B | ||
| Q3 24 | $2.1B | $25.4B | ||
| Q2 24 | $2.1B | $25.3B |
股东权益ASPG
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.7B | $5.2B | ||
| Q3 25 | $6.4B | $2.3B | ||
| Q2 25 | $6.1B | $2.5B | ||
| Q1 25 | $6.0B | $2.6B | ||
| Q4 24 | $5.9B | $2.9B | ||
| Q3 24 | $5.9B | $2.7B | ||
| Q2 24 | $6.2B | $2.9B |
总资产ASPG
| Q1 26 | $12.8B | — | ||
| Q4 25 | $12.7B | $40.6B | ||
| Q3 25 | $12.2B | $33.6B | ||
| Q2 25 | $12.2B | $33.3B | ||
| Q1 25 | $11.9B | $32.5B | ||
| Q4 24 | $11.8B | $32.4B | ||
| Q3 24 | $11.0B | $33.3B | ||
| Q2 24 | $10.9B | $33.4B |
负债/权益比ASPG
| Q1 26 | 0.44× | — | ||
| Q4 25 | 0.45× | 5.46× | ||
| Q3 25 | 0.53× | 10.98× | ||
| Q2 25 | 0.55× | 10.36× | ||
| Q1 25 | 0.56× | 9.50× | ||
| Q4 24 | 0.57× | 8.25× | ||
| Q3 24 | 0.36× | 9.37× | ||
| Q2 24 | 0.34× | 8.59× |
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 | $268.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $175.0M | $948.8M |
| 自由现金流率自由现金流/营收 | 9.7% | 53.0% |
| 资本支出强度资本支出/营收 | 5.2% | 14.2% |
| 现金转化率经营现金流/净利润 | 0.88× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $993.0M | $3.2B |
8季度趋势，按日历期对齐
经营现金流ASPG
| Q1 26 | $268.0M | — | ||
| Q4 25 | $545.0M | $1.2B | ||
| Q3 25 | $362.0M | $890.3M | ||
| Q2 25 | $221.0M | $1.2B | ||
| Q1 25 | $431.0M | $827.2M | ||
| Q4 24 | $481.0M | $1.1B | ||
| Q3 24 | $452.0M | $892.9M | ||
| Q2 24 | $333.0M | $1.1B |
自由现金流ASPG
| Q1 26 | $175.0M | — | ||
| Q4 25 | $452.0M | $948.8M | ||
| Q3 25 | $259.0M | $685.0M | ||
| Q2 25 | $107.0M | $971.3M | ||
| Q1 25 | $334.0M | $597.0M | ||
| Q4 24 | $388.0M | $867.7M | ||
| Q3 24 | $360.0M | $706.5M | ||
| Q2 24 | $230.0M | $874.8M |
自由现金流率ASPG
| Q1 26 | 9.7% | — | ||
| Q4 25 | 24.3% | 53.0% | ||
| Q3 25 | 14.9% | 42.8% | ||
| Q2 25 | 6.4% | 64.8% | ||
| Q1 25 | 19.9% | 40.5% | ||
| Q4 24 | 22.8% | 54.8% | ||
| Q3 24 | 22.8% | 47.7% | ||
| Q2 24 | 14.6% | 60.0% |
资本支出强度ASPG
| Q1 26 | 5.2% | — | ||
| Q4 25 | 5.0% | 14.2% | ||
| Q3 25 | 5.9% | 12.8% | ||
| Q2 25 | 6.8% | 16.3% | ||
| Q1 25 | 5.8% | 15.6% | ||
| Q4 24 | 5.5% | 13.8% | ||
| Q3 24 | 5.8% | 12.6% | ||
| Q2 24 | 6.5% | 12.9% |
现金转化率ASPG
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.26× | 0.34× | ||
| Q3 25 | 1.08× | 1.27× | ||
| Q2 25 | 1.03× | 1.89× | ||
| Q1 25 | 1.36× | 1.73× | ||
| Q4 24 | 1.37× | 1.41× | ||
| Q3 24 | 1.60× | 1.63× | ||
| Q2 24 | 1.08× | 1.87× |
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
A
| Service Other | $525.0M | 29% |
| Chemicaland Energy Market | $422.0M | 23% |
| Agilent Cross Lab | $273.0M | 15% |
| Environmentaland Forensics Market | $177.0M | 10% |
| Food Market | $166.0M | 9% |
| Academiaand Government Market | $130.0M | 7% |
| Applied Markets | $98.0M | 5% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
