vs
Arcosa, Inc.（ACA）与ADT Inc.（ADT）财务数据对比。点击上方公司名可切换其他公司
ADT Inc.的季度营收约是Arcosa, Inc.的1.8倍（$1.3B vs $716.7M）。ADT Inc.净利率更高（11.4% vs 7.3%，领先4.1%）。Arcosa, Inc.同比增速更快（7.6% vs 2.9%）。ADT Inc.自由现金流更多（$323.5M vs $55.8M）。过去两年Arcosa, Inc.的营收复合增速更高（9.4% vs 2.7%）
Arcosa, Inc.是一家基础设施相关产品及解决方案提供商，业务覆盖建筑、能源、交通三大核心板块，主营公用设施结构件、建筑集料、交通零部件等产品，主要面向北美市场客户，为各类关键基础设施建设项目提供支持。
ADT Inc.是美国头部安防企业，总部位于佛罗里达州博卡拉顿，业务覆盖美国与加拿大，为住宅、小型商户提供电子安防、消防防护及相关报警监控服务。公司2016年被阿波罗全球管理以69亿美元杠杆收购，2018年1月于纽约证券交易所上市。
ACA vs ADT — 直观对比
营收规模更大
ADT
是对方的1.8倍
$716.7M
营收增速更快
ACA
高出4.7%
2.9%
净利率更高
ADT
高出4.1%
7.3%
自由现金流更多
ADT
多$267.7M
$55.8M
两年增速更快
ACA
近两年复合增速
2.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $716.7M | $1.3B |
| 净利润 | $52.1M | $145.4M |
| 毛利率 | 22.9% | — |
| 营业利润率 | 11.0% | 26.1% |
| 净利率 | 7.3% | 11.4% |
| 营收同比 | 7.6% | 2.9% |
| 净利润同比 | 776.6% | -23.5% |
| 每股收益（稀释后） | $1.06 | — |
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ACAADT
| Q4 25 | $716.7M | $1.3B | ||
| Q3 25 | $797.8M | $1.3B | ||
| Q2 25 | $736.9M | $1.3B | ||
| Q1 25 | $632.0M | $1.3B | ||
| Q4 24 | $666.2M | $1.2B | ||
| Q3 24 | $640.4M | $1.2B | ||
| Q2 24 | $664.7M | $1.2B | ||
| Q1 24 | $598.6M | $1.2B |
净利润ACAADT
| Q4 25 | $52.1M | $145.4M | ||
| Q3 25 | $73.0M | $145.1M | ||
| Q2 25 | $59.7M | $165.2M | ||
| Q1 25 | $23.6M | $140.2M | ||
| Q4 24 | $-7.7M | $190.0M | ||
| Q3 24 | $16.6M | $127.2M | ||
| Q2 24 | $45.6M | $92.4M | ||
| Q1 24 | $39.2M | $91.6M |
毛利率ACAADT
| Q4 25 | 22.9% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 22.5% | — | ||
| Q1 25 | 19.8% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 21.3% | — | ||
| Q2 24 | 20.8% | — | ||
| Q1 24 | 18.6% | — |
营业利润率ACAADT
| Q4 25 | 11.0% | 26.1% | ||
| Q3 25 | 14.1% | 24.3% | ||
| Q2 25 | 12.9% | 26.6% | ||
| Q1 25 | 8.8% | 25.2% | ||
| Q4 24 | 6.5% | 32.4% | ||
| Q3 24 | 5.3% | 26.2% | ||
| Q2 24 | 10.1% | 23.6% | ||
| Q1 24 | 8.9% | 16.2% |
净利率ACAADT
| Q4 25 | 7.3% | 11.4% | ||
| Q3 25 | 9.2% | 11.2% | ||
| Q2 25 | 8.1% | 12.8% | ||
| Q1 25 | 3.7% | 11.1% | ||
| Q4 24 | -1.2% | 15.3% | ||
| Q3 24 | 2.6% | 10.2% | ||
| Q2 24 | 6.9% | 7.7% | ||
| Q1 24 | 6.5% | 7.6% |
每股收益（稀释后）ACAADT
| Q4 25 | $1.06 | — | ||
| Q3 25 | $1.48 | — | ||
| Q2 25 | $1.22 | — | ||
| Q1 25 | $0.48 | — | ||
| Q4 24 | $-0.16 | — | ||
| Q3 24 | $0.34 | — | ||
| Q2 24 | $0.93 | — | ||
| Q1 24 | $0.80 | — |
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 | $214.6M | $80.8M |
| 总债务越低越好 | $1.5B | $7.4B |
| 股东权益账面价值 | $2.6B | $3.8B |
| 总资产 | $5.0B | $15.8B |
| 负债/权益比越低杠杆越低 | 0.57× | 1.95× |
8季度趋势，按日历期对齐
现金及短期投资ACAADT
| Q4 25 | $214.6M | $80.8M | ||
| Q3 25 | $220.0M | $62.8M | ||
| Q2 25 | $189.7M | $45.2M | ||
| Q1 25 | $167.9M | $3.7M | ||
| Q4 24 | $187.3M | $96.2M | ||
| Q3 24 | $756.8M | $95.3M | ||
| Q2 24 | $103.7M | $37.9M | ||
| Q1 24 | $176.5M | $4.0M |
总债务ACAADT
| Q4 25 | $1.5B | $7.4B | ||
| Q3 25 | $1.6B | $7.3B | ||
| Q2 25 | $1.7B | $6.8B | ||
| Q1 25 | $1.7B | $7.6B | ||
| Q4 24 | $1.7B | $7.5B | ||
| Q3 24 | $1.2B | $7.5B | ||
| Q2 24 | $699.9M | $7.5B | ||
| Q1 24 | $600.6M | $7.6B |
股东权益ACAADT
| Q4 25 | $2.6B | $3.8B | ||
| Q3 25 | $2.6B | $3.7B | ||
| Q2 25 | $2.5B | $3.7B | ||
| Q1 25 | $2.5B | $3.6B | ||
| Q4 24 | $2.4B | $3.8B | ||
| Q3 24 | $2.4B | $3.9B | ||
| Q2 24 | $2.4B | $3.8B | ||
| Q1 24 | $2.4B | $3.7B |
总资产ACAADT
| Q4 25 | $5.0B | $15.8B | ||
| Q3 25 | $5.1B | $16.0B | ||
| Q2 25 | $5.0B | $16.0B | ||
| Q1 25 | $4.9B | $15.8B | ||
| Q4 24 | $4.9B | $16.1B | ||
| Q3 24 | $4.4B | $16.1B | ||
| Q2 24 | $3.8B | $16.0B | ||
| Q1 24 | $3.7B | $15.9B |
负债/权益比ACAADT
| Q4 25 | 0.57× | 1.95× | ||
| Q3 25 | 0.61× | 1.99× | ||
| Q2 25 | 0.67× | 1.84× | ||
| Q1 25 | 0.68× | 2.10× | ||
| Q4 24 | 0.69× | 1.98× | ||
| Q3 24 | 0.51× | 1.93× | ||
| Q2 24 | 0.29× | 1.98× | ||
| Q1 24 | 0.25× | 2.03× |
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 | $120.0M | $373.6M |
| 自由现金流经营现金流 - 资本支出 | $55.8M | $323.5M |
| 自由现金流率自由现金流/营收 | 7.8% | 25.4% |
| 资本支出强度资本支出/营收 | 9.0% | 3.9% |
| 现金转化率经营现金流/净利润 | 2.30× | 2.57× |
| 过去12个月自由现金流最近4个季度 | $175.5M | $1.7B |
8季度趋势，按日历期对齐
经营现金流ACAADT
| Q4 25 | $120.0M | $373.6M | ||
| Q3 25 | $160.6M | $480.1M | ||
| Q2 25 | $61.2M | $563.9M | ||
| Q1 25 | $-700.0K | $466.6M | ||
| Q4 24 | $248.2M | $459.7M | ||
| Q3 24 | $135.0M | $498.2M | ||
| Q2 24 | $38.3M | $563.2M | ||
| Q1 24 | $80.5M | $363.8M |
自由现金流ACAADT
| Q4 25 | $55.8M | $323.5M | ||
| Q3 25 | $121.0M | $437.4M | ||
| Q2 25 | $33.4M | $526.3M | ||
| Q1 25 | $-34.7M | $421.2M | ||
| Q4 24 | $194.9M | $426.0M | ||
| Q3 24 | $100.6M | $455.5M | ||
| Q2 24 | $-9.3M | $516.5M | ||
| Q1 24 | $26.1M | $323.1M |
自由现金流率ACAADT
| Q4 25 | 7.8% | 25.4% | ||
| Q3 25 | 15.2% | 33.7% | ||
| Q2 25 | 4.5% | 40.9% | ||
| Q1 25 | -5.5% | 33.2% | ||
| Q4 24 | 29.3% | 34.3% | ||
| Q3 24 | 15.7% | 36.6% | ||
| Q2 24 | -1.4% | 42.9% | ||
| Q1 24 | 4.4% | 26.7% |
资本支出强度ACAADT
| Q4 25 | 9.0% | 3.9% | ||
| Q3 25 | 5.0% | 3.3% | ||
| Q2 25 | 3.8% | 2.9% | ||
| Q1 25 | 5.4% | 3.6% | ||
| Q4 24 | 8.0% | 2.7% | ||
| Q3 24 | 5.4% | 3.4% | ||
| Q2 24 | 7.2% | 3.9% | ||
| Q1 24 | 9.1% | 3.4% |
现金转化率ACAADT
| Q4 25 | 2.30× | 2.57× | ||
| Q3 25 | 2.20× | 3.31× | ||
| Q2 25 | 1.03× | 3.41× | ||
| Q1 25 | -0.03× | 3.33× | ||
| Q4 24 | — | 2.42× | ||
| Q3 24 | 8.13× | 3.92× | ||
| Q2 24 | 0.84× | 6.10× | ||
| Q1 24 | 2.05× | 3.97× |
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
ACA
| Engineered Structures | $301.1M | 42% |
| Total Construction Materials | $276.8M | 39% |
| Specialty Materials And Asphalt | $110.2M | 15% |
| Construction Site Support | $28.6M | 4% |
ADT
| Recurring Monthly Revenue | $1.0B | 82% |
| Installation Revenue | $103.0M | 8% |
| Amortization Of Deferred Subscriber Acquisition Revenue | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
