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ADAMAS TRUST, INC.（ADAM）与ANNALY CAPITAL MANAGEMENT INC（NLY）财务数据对比。点击上方公司名可切换其他公司
ANNALY CAPITAL MANAGEMENT INC的季度营收约是ADAMAS TRUST, INC.的8.5倍（$366.6M vs $43.2M）。ANNALY CAPITAL MANAGEMENT INC净利率更高（276.5% vs 124.0%，领先152.5%）。ANNALY CAPITAL MANAGEMENT INC同比增速更快（95.7% vs 61.6%）
Annaly Capital Management是全球规模最大的抵押型房地产投资信托之一，注册地位于美国马里兰州，总部设立于纽约市，专注于抵押类不动产相关资产的投资运营，在北美地产投资领域具备丰富经验与较高市场认可度。
ADAM vs NLY — 直观对比
营收规模更大
NLY
是对方的8.5倍
$43.2M
营收增速更快
NLY
高出34.1%
61.6%
净利率更高
NLY
高出152.5%
124.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $366.6M |
| 净利润 | $53.5M | $1.0B |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 124.0% | 276.5% |
| 营收同比 | 61.6% | 95.7% |
| 净利润同比 | 270.5% | 110.2% |
| 每股收益（稀释后） | $0.45 | $1.54 |
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ADAMNLY
| Q4 25 | $43.2M | $366.6M | ||
| Q3 25 | $36.6M | $275.8M | ||
| Q2 25 | $36.4M | $273.2M | ||
| Q1 25 | $33.1M | $220.0M | ||
| Q4 24 | $26.7M | $187.3M | ||
| Q3 24 | $20.2M | $13.4M | ||
| Q2 24 | $19.0M | $53.6M | ||
| Q1 24 | $17.9M | $-6.5M |
净利润ADAMNLY
| Q4 25 | $53.5M | $1.0B | ||
| Q3 25 | $44.8M | $832.4M | ||
| Q2 25 | $8.5M | $57.1M | ||
| Q1 25 | $42.2M | $124.2M | ||
| Q4 24 | $-31.4M | $482.1M | ||
| Q3 24 | $42.8M | $66.4M | ||
| Q2 24 | $-15.6M | $-9.5M | ||
| Q1 24 | $-57.9M | $462.9M |
营业利润率ADAMNLY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.7% | 22.3% | ||
| Q1 25 | — | 63.0% | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | 5.8% | ||
| Q1 24 | -448.8% | — |
净利率ADAMNLY
| Q4 25 | 124.0% | 276.5% | ||
| Q3 25 | 122.5% | 301.9% | ||
| Q2 25 | 23.4% | 20.9% | ||
| Q1 25 | 127.4% | 56.5% | ||
| Q4 24 | -117.5% | 257.4% | ||
| Q3 24 | 211.7% | 495.8% | ||
| Q2 24 | -81.9% | -17.7% | ||
| Q1 24 | -324.1% | -7175.5% |
每股收益（稀释后）ADAMNLY
| Q4 25 | $0.45 | $1.54 | ||
| Q3 25 | $0.36 | $1.20 | ||
| Q2 25 | $-0.04 | $0.03 | ||
| Q1 25 | $0.33 | $0.15 | ||
| Q4 24 | $-0.46 | $0.81 | ||
| Q3 24 | $0.36 | $0.05 | ||
| Q2 24 | $-0.29 | $-0.09 | ||
| Q1 24 | $-0.75 | $0.85 |
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 | — |
| 总债务越低越好 | $735.8M | — |
| 股东权益账面价值 | $1.4B | $16.1B |
| 总资产 | $12.6B | $135.6B |
| 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ADAMNLY
| Q4 25 | $210.3M | — | ||
| Q3 25 | $185.3M | — | ||
| Q2 25 | $160.4M | — | ||
| Q1 25 | $177.1M | — | ||
| Q4 24 | $167.4M | — | ||
| Q3 24 | $195.1M | — | ||
| Q2 24 | $235.5M | — | ||
| Q1 24 | $226.9M | — |
总债务ADAMNLY
| 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ADAMNLY
| Q4 25 | $1.4B | $16.1B | ||
| Q3 25 | $1.4B | $14.9B | ||
| Q2 25 | $1.4B | $13.4B | ||
| Q1 25 | $1.4B | $13.0B | ||
| Q4 24 | $1.4B | $12.6B | ||
| Q3 24 | $1.4B | $12.4B | ||
| Q2 24 | $1.4B | $11.2B | ||
| Q1 24 | $1.5B | $11.4B |
总资产ADAMNLY
| Q4 25 | $12.6B | $135.6B | ||
| Q3 25 | $12.4B | $125.9B | ||
| Q2 25 | $10.6B | $112.1B | ||
| Q1 25 | $10.0B | $105.1B | ||
| Q4 24 | $9.2B | $103.6B | ||
| Q3 24 | $8.9B | $101.5B | ||
| Q2 24 | $8.2B | $93.7B | ||
| Q1 24 | $7.4B | $91.5B |
负债/权益比ADAMNLY
| 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 | $644.3M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 1.16× | 0.64× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流ADAMNLY
| Q4 25 | $62.1M | $644.3M | ||
| Q3 25 | $6.9M | $24.1M | ||
| Q2 25 | $39.2M | $180.7M | ||
| Q1 25 | $25.8M | $-156.3M | ||
| Q4 24 | $29.1M | $2.8B | ||
| Q3 24 | $-922.0K | $-1.7B | ||
| Q2 24 | $-993.0K | $477.1M | ||
| Q1 24 | $-13.1M | $1.7B |
自由现金流ADAMNLY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $25.7M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
自由现金流率ADAMNLY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 96.1% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
资本支出强度ADAMNLY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 12.9% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
现金转化率ADAMNLY
| Q4 25 | 1.16× | 0.64× | ||
| Q3 25 | 0.15× | 0.03× | ||
| Q2 25 | 4.59× | 3.17× | ||
| Q1 25 | 0.61× | -1.26× | ||
| Q4 24 | — | 5.83× | ||
| Q3 24 | -0.02× | -25.18× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.67× |
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% |
NLY
暂无分部数据
