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ADT Inc.（ADT）与安朗杰（ALLE）财务数据对比。点击上方公司名可切换其他公司
ADT Inc.的季度营收约是安朗杰的1.2倍（$1.3B vs $1.0B）。安朗杰净利率更高（14.3% vs 11.4%，领先2.9%）。安朗杰同比增速更快（9.3% vs 2.9%）。ADT Inc.自由现金流更多（$323.5M vs $200.5M）。过去两年安朗杰的营收复合增速更高（7.5% vs 2.7%）
ADT Inc.是美国头部安防企业，总部位于佛罗里达州博卡拉顿，业务覆盖美国与加拿大，为住宅、小型商户提供电子安防、消防防护及相关报警监控服务。公司2016年被阿波罗全球管理以69亿美元杠杆收购，2018年1月于纽约证券交易所上市。
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
ADT vs ALLE — 直观对比
营收规模更大
ADT
是对方的1.2倍
$1.0B
营收增速更快
ALLE
高出6.4%
2.9%
净利率更高
ALLE
高出2.9%
11.4%
自由现金流更多
ADT
多$123.0M
$200.5M
两年增速更快
ALLE
近两年复合增速
2.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.0B |
| 净利润 | $145.4M | $147.5M |
| 毛利率 | — | 44.5% |
| 营业利润率 | 26.1% | 20.3% |
| 净利率 | 11.4% | 14.3% |
| 营收同比 | 2.9% | 9.3% |
| 净利润同比 | -23.5% | 2.4% |
| 每股收益（稀释后） | — | $1.70 |
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ADTALLE
| Q4 25 | $1.3B | $1.0B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.0B | ||
| Q1 25 | $1.3B | $941.9M | ||
| Q4 24 | $1.2B | $945.6M | ||
| Q3 24 | $1.2B | $967.1M | ||
| Q2 24 | $1.2B | $965.6M | ||
| Q1 24 | $1.2B | $893.9M |
净利润ADTALLE
| Q4 25 | $145.4M | $147.5M | ||
| Q3 25 | $145.1M | $188.4M | ||
| Q2 25 | $165.2M | $159.7M | ||
| Q1 25 | $140.2M | $148.2M | ||
| Q4 24 | $190.0M | $144.1M | ||
| Q3 24 | $127.2M | $174.2M | ||
| Q2 24 | $92.4M | $155.4M | ||
| Q1 24 | $91.6M | $123.8M |
毛利率ADTALLE
| Q4 25 | — | 44.5% | ||
| Q3 25 | — | 45.8% | ||
| Q2 25 | — | 45.6% | ||
| Q1 25 | — | 44.9% | ||
| Q4 24 | — | 44.1% | ||
| Q3 24 | — | 44.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 43.8% |
营业利润率ADTALLE
| Q4 25 | 26.1% | 20.3% | ||
| Q3 25 | 24.3% | 21.8% | ||
| Q2 25 | 26.6% | 21.5% | ||
| Q1 25 | 25.2% | 20.9% | ||
| Q4 24 | 32.4% | 19.5% | ||
| Q3 24 | 26.2% | 22.2% | ||
| Q2 24 | 23.6% | 21.6% | ||
| Q1 24 | 16.2% | 19.3% |
净利率ADTALLE
| Q4 25 | 11.4% | 14.3% | ||
| Q3 25 | 11.2% | 17.6% | ||
| Q2 25 | 12.8% | 15.6% | ||
| Q1 25 | 11.1% | 15.7% | ||
| Q4 24 | 15.3% | 15.2% | ||
| Q3 24 | 10.2% | 18.0% | ||
| Q2 24 | 7.7% | 16.1% | ||
| Q1 24 | 7.6% | 13.8% |
每股收益（稀释后）ADTALLE
| Q4 25 | — | $1.70 | ||
| Q3 25 | — | $2.18 | ||
| Q2 25 | — | $1.85 | ||
| Q1 25 | — | $1.71 | ||
| Q4 24 | — | $1.65 | ||
| Q3 24 | — | $1.99 | ||
| Q2 24 | — | $1.77 | ||
| Q1 24 | — | $1.41 |
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 | $80.8M | $356.2M |
| 总债务越低越好 | $7.4B | $2.0B |
| 股东权益账面价值 | $3.8B | $2.1B |
| 总资产 | $15.8B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.95× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资ADTALLE
| Q4 25 | $80.8M | $356.2M | ||
| Q3 25 | $62.8M | $302.7M | ||
| Q2 25 | $45.2M | $656.8M | ||
| Q1 25 | $3.7M | $494.5M | ||
| Q4 24 | $96.2M | $503.8M | ||
| Q3 24 | $95.3M | $878.9M | ||
| Q2 24 | $37.9M | $747.5M | ||
| Q1 24 | $4.0M | $391.8M |
总债务ADTALLE
| Q4 25 | $7.4B | $2.0B | ||
| Q3 25 | $7.3B | $2.1B | ||
| Q2 25 | $6.8B | $2.1B | ||
| Q1 25 | $7.6B | $2.0B | ||
| Q4 24 | $7.5B | $2.0B | ||
| Q3 24 | $7.5B | $2.4B | ||
| Q2 24 | $7.5B | $2.4B | ||
| Q1 24 | $7.6B | $2.0B |
股东权益ADTALLE
| Q4 25 | $3.8B | $2.1B | ||
| Q3 25 | $3.7B | $1.9B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.6B | $1.6B | ||
| Q4 24 | $3.8B | $1.5B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $3.8B | $1.4B | ||
| Q1 24 | $3.7B | $1.4B |
总资产ADTALLE
| Q4 25 | $15.8B | $5.2B | ||
| Q3 25 | $16.0B | $5.2B | ||
| Q2 25 | $16.0B | $4.9B | ||
| Q1 25 | $15.8B | $4.6B | ||
| Q4 24 | $16.1B | $4.5B | ||
| Q3 24 | $16.1B | $5.0B | ||
| Q2 24 | $16.0B | $4.8B | ||
| Q1 24 | $15.9B | $4.3B |
负债/权益比ADTALLE
| Q4 25 | 1.95× | 0.96× | ||
| Q3 25 | 1.99× | 1.07× | ||
| Q2 25 | 1.84× | 1.16× | ||
| Q1 25 | 2.10× | 1.24× | ||
| Q4 24 | 1.98× | 1.33× | ||
| Q3 24 | 1.93× | 1.53× | ||
| Q2 24 | 1.98× | 1.69× | ||
| Q1 24 | 2.03× | 1.49× |
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 | $373.6M | $240.1M |
| 自由现金流经营现金流 - 资本支出 | $323.5M | $200.5M |
| 自由现金流率自由现金流/营收 | 25.4% | 19.4% |
| 资本支出强度资本支出/营收 | 3.9% | 3.8% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.63× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $685.7M |
8季度趋势，按日历期对齐
经营现金流ADTALLE
| Q4 25 | $373.6M | $240.1M | ||
| Q3 25 | $480.1M | $229.5M | ||
| Q2 25 | $563.9M | $209.7M | ||
| Q1 25 | $466.6M | $104.5M | ||
| Q4 24 | $459.7M | $219.0M | ||
| Q3 24 | $498.2M | $231.9M | ||
| Q2 24 | $563.2M | $173.0M | ||
| Q1 24 | $363.8M | $51.1M |
自由现金流ADTALLE
| Q4 25 | $323.5M | $200.5M | ||
| Q3 25 | $437.4M | $209.8M | ||
| Q2 25 | $526.3M | $192.0M | ||
| Q1 25 | $421.2M | $83.4M | ||
| Q4 24 | $426.0M | $194.9M | ||
| Q3 24 | $455.5M | $212.0M | ||
| Q2 24 | $516.5M | $152.1M | ||
| Q1 24 | $323.1M | $23.9M |
自由现金流率ADTALLE
| Q4 25 | 25.4% | 19.4% | ||
| Q3 25 | 33.7% | 19.6% | ||
| Q2 25 | 40.9% | 18.8% | ||
| Q1 25 | 33.2% | 8.9% | ||
| Q4 24 | 34.3% | 20.6% | ||
| Q3 24 | 36.6% | 21.9% | ||
| Q2 24 | 42.9% | 15.8% | ||
| Q1 24 | 26.7% | 2.7% |
资本支出强度ADTALLE
| Q4 25 | 3.9% | 3.8% | ||
| Q3 25 | 3.3% | 1.8% | ||
| Q2 25 | 2.9% | 1.7% | ||
| Q1 25 | 3.6% | 2.2% | ||
| Q4 24 | 2.7% | 2.5% | ||
| Q3 24 | 3.4% | 2.1% | ||
| Q2 24 | 3.9% | 2.2% | ||
| Q1 24 | 3.4% | 3.0% |
现金转化率ADTALLE
| Q4 25 | 2.57× | 1.63× | ||
| Q3 25 | 3.31× | 1.22× | ||
| Q2 25 | 3.41× | 1.31× | ||
| Q1 25 | 3.33× | 0.71× | ||
| Q4 24 | 2.42× | 1.52× | ||
| Q3 24 | 3.92× | 1.33× | ||
| Q2 24 | 6.10× | 1.11× | ||
| Q1 24 | 3.97× | 0.41× |
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
ADT
| Recurring Monthly Revenue | $1.0B | 82% |
| Installation Revenue | $103.0M | 8% |
| Amortization Of Deferred Subscriber Acquisition Revenue | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
ALLE
| Products | $750.2M | 73% |
| Allegion International | $237.7M | 23% |
| Services | $45.2M | 4% |
