vs
AGREE REALTY CORP（ADC）与Gentherm Inc（THRM）财务数据对比。点击上方公司名可切换其他公司
Gentherm Inc的季度营收约是AGREE REALTY CORP的1.9倍（$382.8M vs $200.8M），AGREE REALTY CORP净利率更高（31.0% vs 0.8%，领先30.2%），AGREE REALTY CORP同比增速更快（18.7% vs 8.5%），过去两年AGREE REALTY CORP的营收复合增速更高（14.7% vs 3.7%）
杜克房地产是总部位于美国印第安纳州印第安纳波利斯的工业地产投资信托基金（REIT），主营工业类物业投资。截至2021年12月31日，公司持有或共同控制548处以工业用途为主的物业，可出租总面积达1.627亿平方英尺，2022年10月被普洛斯收购。
金瑟公司（原阿梅里贡）是一家美国热管理技术企业，为汽车行业研发出了全球首款热电调温座椅系统——气候控制座椅系统。该系统于1999年率先被福特汽车采纳，作为选装配置搭载在2000款林肯领航员上，如今已应用于福特、通用、丰田（雷克萨斯）、起亚、现代、日产（英菲尼迪）等车企的50余款车型。
ADC vs THRM — 直观对比
营收规模更大
THRM
是对方的1.9倍
$200.8M
营收增速更快
ADC
高出10.2%
8.5%
净利率更高
ADC
高出30.2%
0.8%
两年增速更快
ADC
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $200.8M | $382.8M |
| 净利润 | $62.2M | $3.0M |
| 毛利率 | — | 23.7% |
| 营业利润率 | 49.1% | 4.6% |
| 净利率 | 31.0% | 0.8% |
| 营收同比 | 18.7% | 8.5% |
| 净利润同比 | 32.0% | -80.5% |
| 每股收益（稀释后） | $1.04 | $0.08 |
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ADCTHRM
| Q1 26 | $200.8M | — | ||
| Q4 25 | $190.5M | $382.8M | ||
| Q3 25 | $183.2M | $386.9M | ||
| Q2 25 | $175.5M | $375.1M | ||
| Q1 25 | $169.2M | $353.9M | ||
| Q4 24 | $160.7M | $352.9M | ||
| Q3 24 | $154.3M | $371.5M | ||
| Q2 24 | $152.6M | $375.7M |
净利润ADCTHRM
| Q1 26 | $62.2M | — | ||
| Q4 25 | $56.0M | $3.0M | ||
| Q3 25 | $52.1M | $14.9M | ||
| Q2 25 | $49.2M | $477.0K | ||
| Q1 25 | $47.0M | $-128.0K | ||
| Q4 24 | $45.2M | $15.3M | ||
| Q3 24 | $44.4M | $16.0M | ||
| Q2 24 | $54.7M | $18.9M |
毛利率ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 24.6% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 24.4% | ||
| Q3 24 | — | 25.5% | ||
| Q2 24 | — | 25.7% |
营业利润率ADCTHRM
| Q1 26 | 49.1% | — | ||
| Q4 25 | 48.5% | 4.6% | ||
| Q3 25 | 47.6% | 6.2% | ||
| Q2 25 | 46.7% | 6.4% | ||
| Q1 25 | 46.5% | 4.8% | ||
| Q4 24 | 46.9% | 6.7% | ||
| Q3 24 | 48.2% | 8.7% | ||
| Q2 24 | 53.7% | 8.8% |
净利率ADCTHRM
| Q1 26 | 31.0% | — | ||
| Q4 25 | 29.4% | 0.8% | ||
| Q3 25 | 28.4% | 3.9% | ||
| Q2 25 | 28.0% | 0.1% | ||
| Q1 25 | 27.8% | -0.0% | ||
| Q4 24 | 28.1% | 4.3% | ||
| Q3 24 | 28.8% | 4.3% | ||
| Q2 24 | 35.9% | 5.0% |
每股收益（稀释后）ADCTHRM
| Q1 26 | $1.04 | — | ||
| Q4 25 | $0.47 | $0.08 | ||
| Q3 25 | $0.45 | $0.49 | ||
| Q2 25 | $0.43 | $0.02 | ||
| Q1 25 | $0.42 | $0.00 | ||
| Q4 24 | $0.41 | $0.48 | ||
| Q3 24 | $0.42 | $0.51 | ||
| Q2 24 | $0.52 | $0.60 |
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 | $25.1M | $160.8M |
| 总债务越低越好 | — | $189.0M |
| 股东权益账面价值 | $6.2B | $720.3M |
| 总资产 | $10.2B | $1.4B |
| 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ADCTHRM
| Q1 26 | $25.1M | — | ||
| Q4 25 | $16.3M | $160.8M | ||
| Q3 25 | $13.7M | $154.3M | ||
| Q2 25 | $5.8M | $128.3M | ||
| Q1 25 | $7.9M | $163.1M | ||
| Q4 24 | $6.4M | $134.1M | ||
| Q3 24 | $13.2M | $150.6M | ||
| Q2 24 | $9.6M | $123.5M |
总债务ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | $189.0M | ||
| Q3 25 | — | $189.0M | ||
| Q2 25 | — | $209.0M | ||
| Q1 25 | — | $262.0M | ||
| Q4 24 | — | $220.1M | ||
| Q3 24 | — | $222.1M | ||
| Q2 24 | — | $222.1M |
股东权益ADCTHRM
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.3B | $720.3M | ||
| Q3 25 | $5.9B | $717.9M | ||
| Q2 25 | $5.7B | $699.7M | ||
| Q1 25 | $5.6B | $646.5M | ||
| Q4 24 | $5.5B | $616.9M | ||
| Q3 24 | $5.3B | $660.7M | ||
| Q2 24 | $5.2B | $640.3M |
总资产ADCTHRM
| Q1 26 | $10.2B | — | ||
| Q4 25 | $9.8B | $1.4B | ||
| Q3 25 | $9.5B | $1.4B | ||
| Q2 25 | $9.1B | $1.4B | ||
| Q1 25 | $8.8B | $1.3B | ||
| Q4 24 | $8.5B | $1.2B | ||
| Q3 24 | $8.2B | $1.3B | ||
| Q2 24 | $8.0B | $1.2B |
负债/权益比ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.34× | ||
| Q2 24 | — | 0.35× |
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 | — | $29.0M |
| 自由现金流经营现金流 - 资本支出 | — | $6.7M |
| 自由现金流率自由现金流/营收 | — | 1.7% |
| 资本支出强度资本支出/营收 | — | 5.8% |
| 现金转化率经营现金流/净利润 | — | 9.70× |
| 过去12个月自由现金流最近4个季度 | — | $61.1M |
8季度趋势，按日历期对齐
经营现金流ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | $504.1M | $29.0M | ||
| Q3 25 | $146.5M | $56.1M | ||
| Q2 25 | $119.6M | $45.0M | ||
| Q1 25 | $126.7M | $-13.3M | ||
| Q4 24 | $432.0M | $36.6M | ||
| Q3 24 | $128.6M | $46.3M | ||
| Q2 24 | $112.8M | $37.1M |
自由现金流ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | $6.7M | ||
| Q3 25 | — | $46.5M | ||
| Q2 25 | — | $36.2M | ||
| Q1 25 | — | $-28.2M | ||
| Q4 24 | $89.4M | $13.6M | ||
| Q3 24 | $-87.4M | $26.6M | ||
| Q2 24 | $-74.8M | $17.8M |
自由现金流率ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | 9.6% | ||
| Q1 25 | — | -8.0% | ||
| Q4 24 | 55.6% | 3.9% | ||
| Q3 24 | -56.6% | 7.2% | ||
| Q2 24 | -49.0% | 4.7% |
资本支出强度ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | 213.1% | 6.5% | ||
| Q3 24 | 140.0% | 5.3% | ||
| Q2 24 | 123.0% | 5.2% |
现金转化率ADCTHRM
| Q1 26 | — | — | ||
| Q4 25 | 9.00× | 9.70× | ||
| Q3 25 | 2.81× | 3.75× | ||
| Q2 25 | 2.43× | 94.43× | ||
| Q1 25 | 2.70× | — | ||
| Q4 24 | 9.55× | 2.39× | ||
| Q3 24 | 2.90× | 2.90× | ||
| Q2 24 | 2.06× | 1.97× |
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
ADC
暂无分部数据
THRM
| Climate Control Seats | $200.9M | 52% |
| Lumbar And Massage Comfort Solutions | $58.5M | 15% |
| Climate Control Interiors | $50.3M | 13% |
| Other Automotive | $27.6M | 7% |
| Valve Systems | $24.1M | 6% |
| Medical Segments | $13.9M | 4% |
| Climate And Comfort Electronics | $7.4M | 2% |
