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ADAMAS TRUST, INC.（ADAM）与AvalonBay Communities（AVB）财务数据对比。点击上方公司名可切换其他公司
ADAMAS TRUST, INC.的季度营收约是AvalonBay Communities的23.5倍（$43.2M vs $1.8M）。AvalonBay Communities净利率更高（9040.6% vs 124.0%，领先8916.6%）。ADAMAS TRUST, INC.同比增速更快（61.6% vs 5.5%）。过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 1.1%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
ADAM vs AVB — 直观对比
营收规模更大
ADAM
是对方的23.5倍
$1.8M
营收增速更快
ADAM
高出56.1%
5.5%
净利率更高
AVB
高出8916.6%
124.0%
两年增速更快
ADAM
近两年复合增速
1.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $1.8M |
| 净利润 | $53.5M | $166.0M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 124.0% | 9040.6% |
| 营收同比 | 61.6% | 5.5% |
| 净利润同比 | 270.5% | -41.2% |
| 每股收益（稀释后） | $0.45 | $1.18 |
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ADAMAVB
| Q4 25 | $43.2M | $1.8M | ||
| Q3 25 | $36.6M | $1.9M | ||
| Q2 25 | $36.4M | $1.6M | ||
| Q1 25 | $33.1M | $1.7M | ||
| Q4 24 | $26.7M | $1.7M | ||
| Q3 24 | $20.2M | $1.7M | ||
| Q2 24 | $19.0M | $1.8M | ||
| Q1 24 | $17.9M | $1.8M |
净利润ADAMAVB
| Q4 25 | $53.5M | $166.0M | ||
| Q3 25 | $44.8M | $381.3M | ||
| Q2 25 | $8.5M | $268.7M | ||
| Q1 25 | $42.2M | $236.6M | ||
| Q4 24 | $-31.4M | $282.1M | ||
| Q3 24 | $42.8M | $372.5M | ||
| Q2 24 | $-15.6M | $253.9M | ||
| Q1 24 | $-57.9M | $173.4M |
营业利润率ADAMAVB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
净利率ADAMAVB
| Q4 25 | 124.0% | 9040.6% | ||
| Q3 25 | 122.5% | 20390.7% | ||
| Q2 25 | 23.4% | 16854.8% | ||
| Q1 25 | 127.4% | 13581.9% | ||
| Q4 24 | -117.5% | 16212.2% | ||
| Q3 24 | 211.7% | 21708.6% | ||
| Q2 24 | -81.9% | 13876.2% | ||
| Q1 24 | -324.1% | 9662.9% |
每股收益（稀释后）ADAMAVB
| Q4 25 | $0.45 | $1.18 | ||
| Q3 25 | $0.36 | $2.68 | ||
| Q2 25 | $-0.04 | $1.88 | ||
| Q1 25 | $0.33 | $1.66 | ||
| Q4 24 | $-0.46 | $1.99 | ||
| Q3 24 | $0.36 | $2.61 | ||
| Q2 24 | $-0.29 | $1.78 | ||
| Q1 24 | $-0.75 | $1.22 |
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 | $210.3M | $187.2M |
| 总债务越低越好 | $735.8M | $9.3B |
| 股东权益账面价值 | $1.4B | $11.6B |
| 总资产 | $12.6B | $22.2B |
| 负债/权益比越低杠杆越低 | 0.52× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资ADAMAVB
| Q4 25 | $210.3M | $187.2M | ||
| Q3 25 | $185.3M | $123.3M | ||
| Q2 25 | $160.4M | $102.8M | ||
| Q1 25 | $177.1M | $53.3M | ||
| Q4 24 | $167.4M | $108.6M | ||
| Q3 24 | $195.1M | $552.4M | ||
| Q2 24 | $235.5M | $545.8M | ||
| Q1 24 | $226.9M | $287.9M |
总债务ADAMAVB
| Q4 25 | $735.8M | $9.3B | ||
| Q3 25 | $766.6M | $8.7B | ||
| Q2 25 | $653.0M | $8.7B | ||
| Q1 25 | $654.4M | $8.3B | ||
| Q4 24 | $573.2M | $8.1B | ||
| Q3 24 | $699.4M | $8.4B | ||
| Q2 24 | $800.7M | $8.4B | ||
| Q1 24 | $1.0B | $8.0B |
股东权益ADAMAVB
| Q4 25 | $1.4B | $11.6B | ||
| Q3 25 | $1.4B | $11.9B | ||
| Q2 25 | $1.4B | $11.9B | ||
| Q1 25 | $1.4B | $11.9B | ||
| Q4 24 | $1.4B | $11.9B | ||
| Q3 24 | $1.4B | $11.9B | ||
| Q2 24 | $1.4B | $11.7B | ||
| Q1 24 | $1.5B | $11.7B |
总资产ADAMAVB
| Q4 25 | $12.6B | $22.2B | ||
| Q3 25 | $12.4B | $21.9B | ||
| Q2 25 | $10.6B | $21.8B | ||
| Q1 25 | $10.0B | $21.2B | ||
| Q4 24 | $9.2B | $21.0B | ||
| Q3 24 | $8.9B | $21.3B | ||
| Q2 24 | $8.2B | $21.0B | ||
| Q1 24 | $7.4B | $20.6B |
负债/权益比ADAMAVB
| Q4 25 | 0.52× | 0.80× | ||
| Q3 25 | 0.55× | 0.73× | ||
| Q2 25 | 0.47× | 0.72× | ||
| Q1 25 | 0.47× | 0.70× | ||
| Q4 24 | 0.41× | 0.68× | ||
| Q3 24 | 0.48× | 0.70× | ||
| Q2 24 | 0.56× | 0.71× | ||
| Q1 24 | 0.67× | 0.68× |
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 | $62.1M | $400.4M |
| 自由现金流经营现金流 - 资本支出 | — | $322.5M |
| 自由现金流率自由现金流/营收 | — | 17563.8% |
| 资本支出强度资本支出/营收 | — | 4246.2% |
| 现金转化率经营现金流/净利润 | 1.16× | 2.41× |
| 过去12个月自由现金流最近4个季度 | — | $1.4B |
8季度趋势，按日历期对齐
经营现金流ADAMAVB
| Q4 25 | $62.1M | $400.4M | ||
| Q3 25 | $6.9M | $477.0M | ||
| Q2 25 | $39.2M | $377.8M | ||
| Q1 25 | $25.8M | $415.9M | ||
| Q4 24 | $29.1M | $328.8M | ||
| Q3 24 | $-922.0K | $486.2M | ||
| Q2 24 | $-993.0K | $380.0M | ||
| Q1 24 | $-13.1M | $412.9M |
自由现金流ADAMAVB
| Q4 25 | — | $322.5M | ||
| Q3 25 | — | $402.2M | ||
| Q2 25 | — | $317.1M | ||
| Q1 25 | — | $367.5M | ||
| Q4 24 | $25.7M | $271.9M | ||
| Q3 24 | $-8.6M | $434.2M | ||
| Q2 24 | $-8.6M | $333.0M | ||
| Q1 24 | $-19.1M | $375.4M |
自由现金流率ADAMAVB
| Q4 25 | — | 17563.8% | ||
| Q3 25 | — | 21507.4% | ||
| Q2 25 | — | 19896.0% | ||
| Q1 25 | — | 21098.3% | ||
| Q4 24 | 96.1% | 15626.2% | ||
| Q3 24 | -42.3% | 25305.2% | ||
| Q2 24 | -44.9% | 18195.7% | ||
| Q1 24 | -107.0% | 20914.5% |
资本支出强度ADAMAVB
| Q4 25 | — | 4246.2% | ||
| Q3 25 | — | 3998.4% | ||
| Q2 25 | — | 3806.1% | ||
| Q1 25 | — | 2776.7% | ||
| Q4 24 | 12.9% | 3271.1% | ||
| Q3 24 | 37.7% | 3026.3% | ||
| Q2 24 | 39.7% | 2568.9% | ||
| Q1 24 | 33.5% | 2088.6% |
现金转化率ADAMAVB
| Q4 25 | 1.16× | 2.41× | ||
| Q3 25 | 0.15× | 1.25× | ||
| Q2 25 | 4.59× | 1.41× | ||
| Q1 25 | 0.61× | 1.76× | ||
| Q4 24 | — | 1.17× | ||
| Q3 24 | -0.02× | 1.31× | ||
| Q2 24 | — | 1.50× | ||
| Q1 24 | — | 2.38× |
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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
AVB
暂无分部数据
