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ADAMAS TRUST, INC.（ADAM）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
READING INTERNATIONAL INC的季度营收约是ADAMAS TRUST, INC.的1.2倍（$50.3M vs $43.2M），ADAMAS TRUST, INC.净利率更高（124.0% vs -5.1%，领先129.1%），ADAMAS TRUST, INC.同比增速更快（61.6% vs -14.2%），ADAMAS TRUST, INC.自由现金流更多（$125.9M vs $4.1M），过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 5.6%）
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
ADAM vs RDI — 直观对比
营收规模更大
RDI
是对方的1.2倍
$43.2M
营收增速更快
ADAM
高出75.8%
-14.2%
净利率更高
ADAM
高出129.1%
-5.1%
自由现金流更多
ADAM
多$121.8M
$4.1M
两年增速更快
ADAM
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $50.3M |
| 净利润 | $53.5M | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | — | -1.9% |
| 净利率 | 124.0% | -5.1% |
| 营收同比 | 61.6% | -14.2% |
| 净利润同比 | 270.5% | -14.5% |
| 每股收益（稀释后） | $0.45 | $-0.11 |
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ADAMRDI
| Q4 25 | $43.2M | $50.3M | ||
| Q3 25 | $36.6M | $52.2M | ||
| Q2 25 | $36.4M | $60.4M | ||
| Q1 25 | $33.1M | $40.2M | ||
| Q4 24 | $26.7M | $58.6M | ||
| Q3 24 | $20.2M | $60.1M | ||
| Q2 24 | $19.0M | $46.8M | ||
| Q1 24 | $17.9M | $45.1M |
净利润ADAMRDI
| Q4 25 | $53.5M | $-2.6M | ||
| Q3 25 | $44.8M | $-4.2M | ||
| Q2 25 | $8.5M | $-2.7M | ||
| Q1 25 | $42.2M | $-4.8M | ||
| Q4 24 | $-31.4M | $-2.2M | ||
| Q3 24 | $42.8M | $-7.0M | ||
| Q2 24 | $-15.6M | $-12.8M | ||
| Q1 24 | $-57.9M | $-13.2M |
营业利润率ADAMRDI
| Q4 25 | — | -1.9% | ||
| Q3 25 | — | -0.6% | ||
| Q2 25 | 11.7% | 4.8% | ||
| Q1 25 | — | -17.2% | ||
| Q4 24 | -119.0% | 2.6% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | -124.7% | -16.4% | ||
| Q1 24 | -448.8% | -16.7% |
净利率ADAMRDI
| Q4 25 | 124.0% | -5.1% | ||
| Q3 25 | 122.5% | -8.0% | ||
| Q2 25 | 23.4% | -4.4% | ||
| Q1 25 | 127.4% | -11.8% | ||
| Q4 24 | -117.5% | -3.8% | ||
| Q3 24 | 211.7% | -11.7% | ||
| Q2 24 | -81.9% | -27.4% | ||
| Q1 24 | -324.1% | -29.4% |
每股收益（稀释后）ADAMRDI
| Q4 25 | $0.45 | $-0.11 | ||
| Q3 25 | $0.36 | $-0.18 | ||
| Q2 25 | $-0.04 | $-0.12 | ||
| Q1 25 | $0.33 | $-0.21 | ||
| Q4 24 | $-0.46 | $-0.11 | ||
| Q3 24 | $0.36 | $-0.31 | ||
| Q2 24 | $-0.29 | $-0.57 | ||
| Q1 24 | $-0.75 | $-0.59 |
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 | $10.5M |
| 总债务越低越好 | $735.8M | $185.1M |
| 股东权益账面价值 | $1.4B | $-18.2M |
| 总资产 | $12.6B | $434.9M |
| 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ADAMRDI
| Q4 25 | $210.3M | $10.5M | ||
| Q3 25 | $185.3M | $8.1M | ||
| Q2 25 | $160.4M | $9.1M | ||
| Q1 25 | $177.1M | $5.9M | ||
| Q4 24 | $167.4M | $12.4M | ||
| Q3 24 | $195.1M | $10.1M | ||
| Q2 24 | $235.5M | $9.3M | ||
| Q1 24 | $226.9M | $7.5M |
总债务ADAMRDI
| Q4 25 | $735.8M | $185.1M | ||
| Q3 25 | $766.6M | — | ||
| Q2 25 | $653.0M | — | ||
| Q1 25 | $654.4M | — | ||
| Q4 24 | $573.2M | $202.7M | ||
| Q3 24 | $699.4M | — | ||
| Q2 24 | $800.7M | — | ||
| Q1 24 | $1.0B | — |
股东权益ADAMRDI
| Q4 25 | $1.4B | $-18.2M | ||
| Q3 25 | $1.4B | $-12.1M | ||
| Q2 25 | $1.4B | $-7.7M | ||
| Q1 25 | $1.4B | $-8.1M | ||
| Q4 24 | $1.4B | $-4.4M | ||
| Q3 24 | $1.4B | $1.6M | ||
| Q2 24 | $1.4B | $6.5M | ||
| Q1 24 | $1.5B | $18.0M |
总资产ADAMRDI
| Q4 25 | $12.6B | $434.9M | ||
| Q3 25 | $12.4B | $435.2M | ||
| Q2 25 | $10.6B | $438.1M | ||
| Q1 25 | $10.0B | $441.0M | ||
| Q4 24 | $9.2B | $471.0M | ||
| Q3 24 | $8.9B | $495.7M | ||
| Q2 24 | $8.2B | $494.9M | ||
| Q1 24 | $7.4B | $494.9M |
负债/权益比ADAMRDI
| 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 | $134.0M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $125.9M | $4.1M |
| 自由现金流率自由现金流/营收 | 291.6% | 8.2% |
| 资本支出强度资本支出/营收 | 18.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.50× | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.9M |
8季度趋势，按日历期对齐
经营现金流ADAMRDI
| Q4 25 | $134.0M | $4.3M | ||
| Q3 25 | $6.9M | $295.0K | ||
| Q2 25 | $39.2M | $1.6M | ||
| Q1 25 | $25.8M | $-7.7M | ||
| Q4 24 | $14.1M | $8.0M | ||
| Q3 24 | $-922.0K | $1.3M | ||
| Q2 24 | $-993.0K | $-10.4M | ||
| Q1 24 | $-13.1M | $-2.8M |
自由现金流ADAMRDI
| Q4 25 | $125.9M | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $-8.0M | ||
| Q4 24 | $-10.6M | $7.0M | ||
| Q3 24 | $-8.6M | $-1.1M | ||
| Q2 24 | $-8.6M | $-10.6M | ||
| Q1 24 | $-19.1M | $-4.7M |
自由现金流率ADAMRDI
| Q4 25 | 291.6% | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | -39.6% | 12.0% | ||
| Q3 24 | -42.3% | -1.8% | ||
| Q2 24 | -44.9% | -22.7% | ||
| Q1 24 | -107.0% | -10.4% |
资本支出强度ADAMRDI
| Q4 25 | 18.9% | 0.3% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 92.3% | 1.7% | ||
| Q3 24 | 37.7% | 4.0% | ||
| Q2 24 | 39.7% | 0.5% | ||
| Q1 24 | 33.5% | 4.3% |
现金转化率ADAMRDI
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
