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ADAMAS TRUST, INC.（ADAM）与LAMAR ADVERTISING CO（LAMR）财务数据对比。点击上方公司名可切换其他公司
LAMAR ADVERTISING CO的季度营收约是ADAMAS TRUST, INC.的13.8倍（$595.9M vs $43.2M）。ADAMAS TRUST, INC.净利率更高（124.0% vs 25.6%，领先98.4%）。ADAMAS TRUST, INC.同比增速更快（61.6% vs 2.8%）。过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 9.4%）
拉马尔广告是一家知名户外广告服务商，1902年由查尔斯·W·拉马尔与J.M.科伊创立，总部位于美国路易斯安那州巴吞鲁日。公司业务覆盖美国与加拿大，在两地设有超200个运营网点，旗下在美国境内拥有超过36.3万个广告展示位，涵盖广告牌、标识标牌、公共交通展示载体等品类，2014年转型为房地产投资信托。
ADAM vs LAMR — 直观对比
营收规模更大
LAMR
是对方的13.8倍
$43.2M
营收增速更快
ADAM
高出58.8%
2.8%
净利率更高
ADAM
高出98.4%
25.6%
两年增速更快
ADAM
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $595.9M |
| 净利润 | $53.5M | $152.3M |
| 毛利率 | — | 67.7% |
| 营业利润率 | — | 32.9% |
| 净利率 | 124.0% | 25.6% |
| 营收同比 | 61.6% | 2.8% |
| 净利润同比 | 270.5% | 12801.3% |
| 每股收益（稀释后） | $0.45 | $1.50 |
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ADAMLAMR
| Q4 25 | $43.2M | $595.9M | ||
| Q3 25 | $36.6M | $585.5M | ||
| Q2 25 | $36.4M | $579.3M | ||
| Q1 25 | $33.1M | $505.4M | ||
| Q4 24 | $26.7M | $579.6M | ||
| Q3 24 | $20.2M | $564.1M | ||
| Q2 24 | $19.0M | $565.3M | ||
| Q1 24 | $17.9M | $498.1M |
净利润ADAMLAMR
| Q4 25 | $53.5M | $152.3M | ||
| Q3 25 | $44.8M | $141.8M | ||
| Q2 25 | $8.5M | $154.4M | ||
| Q1 25 | $42.2M | $138.8M | ||
| Q4 24 | $-31.4M | $-1.2M | ||
| Q3 24 | $42.8M | $147.5M | ||
| Q2 24 | $-15.6M | $137.4M | ||
| Q1 24 | $-57.9M | $78.2M |
毛利率ADAMLAMR
| Q4 25 | — | 67.7% | ||
| Q3 25 | — | 67.9% | ||
| Q2 25 | — | 67.8% | ||
| Q1 25 | — | 64.4% | ||
| Q4 24 | — | 67.8% | ||
| Q3 24 | — | 67.6% | ||
| Q2 24 | — | 67.6% | ||
| Q1 24 | — | 64.7% |
营业利润率ADAMLAMR
| Q4 25 | — | 32.9% | ||
| Q3 25 | — | 32.3% | ||
| Q2 25 | 11.7% | 34.1% | ||
| Q1 25 | — | 37.8% | ||
| Q4 24 | -119.0% | 6.3% | ||
| Q3 24 | — | 33.1% | ||
| Q2 24 | -124.7% | 32.6% | ||
| Q1 24 | -448.8% | 25.0% |
净利率ADAMLAMR
| Q4 25 | 124.0% | 25.6% | ||
| Q3 25 | 122.5% | 24.2% | ||
| Q2 25 | 23.4% | 26.6% | ||
| Q1 25 | 127.4% | 27.5% | ||
| Q4 24 | -117.5% | -0.2% | ||
| Q3 24 | 211.7% | 26.1% | ||
| Q2 24 | -81.9% | 24.3% | ||
| Q1 24 | -324.1% | 15.7% |
每股收益（稀释后）ADAMLAMR
| Q4 25 | $0.45 | $1.50 | ||
| Q3 25 | $0.36 | $1.40 | ||
| Q2 25 | $-0.04 | $1.52 | ||
| Q1 25 | $0.33 | $1.35 | ||
| Q4 24 | $-0.46 | $-0.02 | ||
| Q3 24 | $0.36 | $1.44 | ||
| Q2 24 | $-0.29 | $1.34 | ||
| Q1 24 | $-0.75 | $0.76 |
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 | $64.8M |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $1.0B |
| 总资产 | $12.6B | $6.9B |
| 负债/权益比越低杠杆越低 | 0.52× | — |
8季度趋势，按日历期对齐
现金及短期投资ADAMLAMR
| Q4 25 | $210.3M | $64.8M | ||
| Q3 25 | $185.3M | $22.0M | ||
| Q2 25 | $160.4M | $55.7M | ||
| Q1 25 | $177.1M | $36.1M | ||
| Q4 24 | $167.4M | $49.5M | ||
| Q3 24 | $195.1M | $29.5M | ||
| Q2 24 | $235.5M | $77.9M | ||
| Q1 24 | $226.9M | $36.4M |
总债务ADAMLAMR
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | — | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMLAMR
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $1.0B | ||
| Q2 25 | $1.4B | $906.9M | ||
| Q1 25 | $1.4B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
总资产ADAMLAMR
| Q4 25 | $12.6B | $6.9B | ||
| Q3 25 | $12.4B | $6.8B | ||
| Q2 25 | $10.6B | $6.7B | ||
| Q1 25 | $10.0B | $6.5B | ||
| Q4 24 | $9.2B | $6.6B | ||
| Q3 24 | $8.9B | $6.5B | ||
| Q2 24 | $8.2B | $6.6B | ||
| Q1 24 | $7.4B | $6.5B |
负债/权益比ADAMLAMR
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | — |
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 | $271.2M |
| 自由现金流经营现金流 - 资本支出 | — | $208.3M |
| 自由现金流率自由现金流/营收 | — | 35.0% |
| 资本支出强度资本支出/营收 | — | 10.5% |
| 现金转化率经营现金流/净利润 | 1.16× | 1.78× |
| 过去12个月自由现金流最近4个季度 | — | $683.2M |
8季度趋势，按日历期对齐
经营现金流ADAMLAMR
| Q4 25 | $62.1M | $271.2M | ||
| Q3 25 | $6.9M | $235.7M | ||
| Q2 25 | $39.2M | $229.5M | ||
| Q1 25 | $25.8M | $127.7M | ||
| Q4 24 | $29.1M | $279.3M | ||
| Q3 24 | $-922.0K | $227.4M | ||
| Q2 24 | $-993.0K | $256.3M | ||
| Q1 24 | $-13.1M | $110.6M |
自由现金流ADAMLAMR
| Q4 25 | — | $208.3M | ||
| Q3 25 | — | $185.8M | ||
| Q2 25 | — | $191.3M | ||
| Q1 25 | — | $97.9M | ||
| Q4 24 | $25.7M | $236.3M | ||
| Q3 24 | $-8.6M | $197.3M | ||
| Q2 24 | $-8.6M | $233.7M | ||
| Q1 24 | $-19.1M | $81.1M |
自由现金流率ADAMLAMR
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | 19.4% | ||
| Q4 24 | 96.1% | 40.8% | ||
| Q3 24 | -42.3% | 35.0% | ||
| Q2 24 | -44.9% | 41.3% | ||
| Q1 24 | -107.0% | 16.3% |
资本支出强度ADAMLAMR
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | 12.9% | 7.4% | ||
| Q3 24 | 37.7% | 5.3% | ||
| Q2 24 | 39.7% | 4.0% | ||
| Q1 24 | 33.5% | 5.9% |
现金转化率ADAMLAMR
| Q4 25 | 1.16× | 1.78× | ||
| Q3 25 | 0.15× | 1.66× | ||
| Q2 25 | 4.59× | 1.49× | ||
| Q1 25 | 0.61× | 0.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | 1.54× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 1.41× |
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% |
LAMR
| Reportable Segment Aggregation Before Other Operating Segment | $531.9M | 89% |
| Transit Advertising | $42.0M | 7% |
| Logo Advertising | $22.1M | 4% |
