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ARRAY DIGITAL INFRASTRUCTURE, INC.（AD）与IHS Holding Ltd（IHS）财务数据对比。点击上方公司名可切换其他公司
IHS Holding Ltd同比增速更快（0.1% vs -279.1%）。IHS Holding Ltd自由现金流更多（$178.6M vs $-210.7M）。过去两年IHS Holding Ltd的营收复合增速更高（NaN% vs NaN%）
Array Digital Infrastructure, Inc.是一家数字基础设施提供商，拥有、运营和开发战略布局的数据中心设施，主要服务云服务商、企业客户及电信企业，核心业务覆盖北美市场。
IHS Holding是全球规模领先的共享通信基础设施独立持有、运营及开发企业之一，也是全球第五大独立跨国通信铁塔企业，业务覆盖非洲与拉美地区，为当地通信网络部署提供关键的铁塔基础设施支持。
AD vs IHS — 直观对比
营收规模更大
IHS
是对方的-0.2倍
$-1.7B
营收增速更快
IHS
高出279.2%
-279.1%
自由现金流更多
IHS
多$389.3M
$-210.7M
两年增速更快
IHS
近两年复合增速
NaN%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $-1.7B | $254.0M |
| 净利润 | $38.2M | — |
| 毛利率 | — | 83.6% |
| 营业利润率 | — | — |
| 净利率 | -2.3% | — |
| 营收同比 | -279.1% | 0.1% |
| 净利润同比 | 664.4% | — |
| 每股收益（稀释后） | $0.43 | — |
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ADIHS
| Q4 25 | $-1.7B | $254.0M | ||
| Q3 25 | $47.1M | $455.1M | ||
| Q2 25 | — | $433.3M | ||
| Q1 25 | — | $439.6M | ||
| Q4 24 | $944.0M | $253.8M | ||
| Q3 24 | $896.0M | $420.3M | ||
| Q2 24 | $902.0M | $435.4M | ||
| Q1 24 | $925.0M | $417.7M |
净利润ADIHS
| Q4 25 | $38.2M | — | ||
| Q3 25 | $-38.5M | $147.4M | ||
| Q2 25 | — | $32.3M | ||
| Q1 25 | — | $30.7M | ||
| Q4 24 | $5.0M | — | ||
| Q3 24 | $-79.0M | $-205.7M | ||
| Q2 24 | $17.0M | $-124.3M | ||
| Q1 24 | $18.0M | $-1.6B |
毛利率ADIHS
| Q4 25 | — | 83.6% | ||
| Q3 25 | 55.5% | 47.5% | ||
| Q2 25 | — | 51.3% | ||
| Q1 25 | — | 51.4% | ||
| Q4 24 | — | 72.1% | ||
| Q3 24 | 98.0% | 52.0% | ||
| Q2 24 | — | 52.5% | ||
| Q1 24 | — | 39.1% |
营业利润率ADIHS
| Q4 25 | — | — | ||
| Q3 25 | -113.1% | 35.1% | ||
| Q2 25 | — | 33.8% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | -1.0% | — | ||
| Q3 24 | -10.0% | 29.9% | ||
| Q2 24 | 4.0% | 34.0% | ||
| Q1 24 | 5.5% | -1.7% |
净利率ADIHS
| Q4 25 | -2.3% | — | ||
| Q3 25 | -81.6% | 32.4% | ||
| Q2 25 | — | 7.5% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | -8.8% | -48.9% | ||
| Q2 24 | 1.9% | -28.5% | ||
| Q1 24 | 1.9% | -372.8% |
每股收益（稀释后）ADIHS
| Q4 25 | $0.43 | — | ||
| Q3 25 | $-0.44 | $0.44 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | $0.06 | — | ||
| Q3 24 | $-0.92 | $-0.61 | ||
| Q2 24 | $0.20 | $-0.36 | ||
| Q1 24 | $0.20 | $-4.67 |
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 | $113.4M | $825.7M |
| 总债务越低越好 | $670.3M | $3.1B |
| 股东权益账面价值 | $2.6B | $-89.8M |
| 总资产 | $4.7B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.26× | — |
8季度趋势，按日历期对齐
现金及短期投资ADIHS
| Q4 25 | $113.4M | $825.7M | ||
| Q3 25 | $325.6M | $647.6M | ||
| Q2 25 | — | $531.8M | ||
| Q1 25 | — | $629.0M | ||
| Q4 24 | $144.0M | $578.0M | ||
| Q3 24 | $272.0M | $397.5M | ||
| Q2 24 | $195.0M | $445.7M | ||
| Q1 24 | $185.0M | $333.2M |
总债务ADIHS
| Q4 25 | $670.3M | $3.1B | ||
| Q3 25 | $671.9M | $3.3B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.4B | ||
| Q4 24 | $2.8B | $3.3B | ||
| Q3 24 | $2.9B | $3.5B | ||
| Q2 24 | $2.9B | $3.6B | ||
| Q1 24 | $3.0B | $3.5B |
股东权益ADIHS
| Q4 25 | $2.6B | $-89.8M | ||
| Q3 25 | $2.5B | $38.1M | ||
| Q2 25 | — | $-98.4M | ||
| Q1 25 | — | $-184.4M | ||
| Q4 24 | $4.6B | $-314.4M | ||
| Q3 24 | $4.6B | $-284.7M | ||
| Q2 24 | $4.7B | $-308.3M | ||
| Q1 24 | $4.7B | $-163.2M |
总资产ADIHS
| Q4 25 | $4.7B | $4.5B | ||
| Q3 25 | $4.9B | $4.7B | ||
| Q2 25 | — | $4.5B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | $10.4B | $4.2B | ||
| Q3 24 | $10.5B | $4.6B | ||
| Q2 24 | $10.6B | $4.5B | ||
| Q1 24 | $10.7B | $4.6B |
负债/权益比ADIHS
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | 85.85× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
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 | $-202.1M | $246.9M |
| 自由现金流经营现金流 - 资本支出 | $-210.7M | $178.6M |
| 自由现金流率自由现金流/营收 | 12.5% | 70.3% |
| 资本支出强度资本支出/营收 | -0.5% | 26.9% |
| 现金转化率经营现金流/净利润 | -5.29× | — |
| 过去12个月自由现金流最近4个季度 | $-321.2M | $718.7M |
8季度趋势，按日历期对齐
经营现金流ADIHS
| Q4 25 | $-202.1M | $246.9M | ||
| Q3 25 | $-82.1M | $251.3M | ||
| Q2 25 | — | $237.7M | ||
| Q1 25 | — | $200.3M | ||
| Q4 24 | $122.0M | $344.4M | ||
| Q3 24 | $245.0M | $174.5M | ||
| Q2 24 | $313.0M | $134.7M | ||
| Q1 24 | $203.0M | $75.8M |
自由现金流ADIHS
| Q4 25 | $-210.7M | $178.6M | ||
| Q3 25 | $-210.5M | $189.2M | ||
| Q2 25 | — | $197.7M | ||
| Q1 25 | — | $153.2M | ||
| Q4 24 | $-16.0M | $282.9M | ||
| Q3 24 | $116.0M | $122.3M | ||
| Q2 24 | $176.0M | $74.2M | ||
| Q1 24 | $70.0M | $14.8M |
自由现金流率ADIHS
| Q4 25 | 12.5% | 70.3% | ||
| Q3 25 | -446.8% | 41.6% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 34.8% | ||
| Q4 24 | -1.7% | 111.5% | ||
| Q3 24 | 12.9% | 29.1% | ||
| Q2 24 | 19.5% | 17.0% | ||
| Q1 24 | 7.6% | 3.5% |
资本支出强度ADIHS
| Q4 25 | -0.5% | 26.9% | ||
| Q3 25 | 272.5% | 13.6% | ||
| Q2 25 | — | 9.2% | ||
| Q1 25 | — | 10.7% | ||
| Q4 24 | 14.6% | 24.2% | ||
| Q3 24 | 14.4% | 12.4% | ||
| Q2 24 | 15.2% | 13.9% | ||
| Q1 24 | 14.4% | 14.6% |
现金转化率ADIHS
| Q4 25 | -5.29× | — | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 7.36× | ||
| Q1 25 | — | 6.52× | ||
| Q4 24 | 24.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 18.41× | — | ||
| Q1 24 | 11.28× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
