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ADT Inc.(ADT)与Ametek(AME)财务数据对比。点击上方公司名可切换其他公司
Ametek的季度营收约是ADT Inc.的1.6倍($2.0B vs $1.3B)。Ametek净利率更高(19.9% vs 11.4%,领先8.6%)。Ametek同比增速更快(13.4% vs 2.9%)。Ametek自由现金流更多($527.3M vs $323.5M)。过去两年Ametek的营收复合增速更高(7.3% 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。
AMETEK Inc.是美国跨国综合企业,为全球知名的电子仪器及机电设备设计商与制造商,总部位于美国,在全球范围内设有超过150个运营站点,业务覆盖多个国家和地区,为各行业客户提供高性能的相关产品及配套解决方案。
ADT vs AME — 直观对比
营收规模更大
AME
是对方的1.6倍
$1.3B
营收增速更快
AME
高出10.6%
2.9%
净利率更高
AME
高出8.6%
11.4%
自由现金流更多
AME
多$203.7M
$323.5M
两年增速更快
AME
近两年复合增速
2.7%
损益表 — Q4 2025 vs Q4 2025
| 指标 | ||
|---|---|---|
| 营收 | $1.3B | $2.0B |
| 净利润 | $145.4M | $398.6M |
| 毛利率 | — | 36.0% |
| 营业利润率 | 26.1% | 25.3% |
| 净利率 | 11.4% | 19.9% |
| 营收同比 | 2.9% | 13.4% |
| 净利润同比 | -23.5% | 2.9% |
| 每股收益(稀释后) | — | $1.73 |
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
ADT
AME
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.7B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $1.7B | ||
| Q2 24 | $1.2B | $1.7B | ||
| Q1 24 | $1.2B | $1.7B |
净利润
ADT
AME
| Q4 25 | $145.4M | $398.6M | ||
| Q3 25 | $145.1M | $371.4M | ||
| Q2 25 | $165.2M | $358.4M | ||
| Q1 25 | $140.2M | $351.8M | ||
| Q4 24 | $190.0M | $387.3M | ||
| Q3 24 | $127.2M | $340.2M | ||
| Q2 24 | $92.4M | $337.7M | ||
| Q1 24 | $91.6M | $310.9M |
毛利率
ADT
AME
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 36.3% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 36.1% | ||
| Q4 24 | — | 36.6% | ||
| Q3 24 | — | 36.0% | ||
| Q2 24 | — | 36.0% | ||
| Q1 24 | — | 34.1% |
营业利润率
ADT
AME
| Q4 25 | 26.1% | 25.3% | ||
| Q3 25 | 24.3% | 25.8% | ||
| Q2 25 | 26.6% | 26.0% | ||
| Q1 25 | 25.2% | 26.3% | ||
| Q4 24 | 32.4% | 26.6% | ||
| Q3 24 | 26.2% | 26.1% | ||
| Q2 24 | 23.6% | 25.8% | ||
| Q1 24 | 16.2% | 24.0% |
净利率
ADT
AME
| Q4 25 | 11.4% | 19.9% | ||
| Q3 25 | 11.2% | 19.6% | ||
| Q2 25 | 12.8% | 20.2% | ||
| Q1 25 | 11.1% | 20.3% | ||
| Q4 24 | 15.3% | 22.0% | ||
| Q3 24 | 10.2% | 19.9% | ||
| Q2 24 | 7.7% | 19.5% | ||
| Q1 24 | 7.6% | 17.9% |
每股收益(稀释后)
ADT
AME
| Q4 25 | — | $1.73 | ||
| Q3 25 | — | $1.60 | ||
| Q2 25 | — | $1.55 | ||
| Q1 25 | — | $1.52 | ||
| Q4 24 | — | $1.67 | ||
| Q3 24 | — | $1.47 | ||
| Q2 24 | — | $1.45 | ||
| Q1 24 | — | $1.34 |
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 | $458.0M |
| 总债务越低越好 | $7.4B | $2.3B |
| 股东权益账面价值 | $3.8B | $10.6B |
| 总资产 | $15.8B | $16.1B |
| 负债/权益比越低杠杆越低 | 1.95× | 0.21× |
8季度趋势,按日历期对齐
现金及短期投资
ADT
AME
| Q4 25 | $80.8M | $458.0M | ||
| Q3 25 | $62.8M | $439.2M | ||
| Q2 25 | $45.2M | $619.7M | ||
| Q1 25 | $3.7M | $399.0M | ||
| Q4 24 | $96.2M | $374.0M | ||
| Q3 24 | $95.3M | $396.3M | ||
| Q2 24 | $37.9M | $396.6M | ||
| Q1 24 | $4.0M | $373.8M |
总债务
ADT
AME
| Q4 25 | $7.4B | $2.3B | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.5B | $2.1B | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.5B | — | ||
| Q1 24 | $7.6B | — |
股东权益
ADT
AME
| Q4 25 | $3.8B | $10.6B | ||
| Q3 25 | $3.7B | $10.5B | ||
| Q2 25 | $3.7B | $10.4B | ||
| Q1 25 | $3.6B | $10.0B | ||
| Q4 24 | $3.8B | $9.7B | ||
| Q3 24 | $3.9B | $9.6B | ||
| Q2 24 | $3.8B | $9.3B | ||
| Q1 24 | $3.7B | $9.0B |
总资产
ADT
AME
| Q4 25 | $15.8B | $16.1B | ||
| Q3 25 | $16.0B | $16.2B | ||
| Q2 25 | $16.0B | $15.3B | ||
| Q1 25 | $15.8B | $14.9B | ||
| Q4 24 | $16.1B | $14.6B | ||
| Q3 24 | $16.1B | $14.8B | ||
| Q2 24 | $16.0B | $14.8B | ||
| Q1 24 | $15.9B | $14.9B |
负债/权益比
ADT
AME
| Q4 25 | 1.95× | 0.21× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | 2.10× | — | ||
| Q4 24 | 1.98× | 0.22× | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 2.03× | — |
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 | $584.3M |
| 自由现金流经营现金流 - 资本支出 | $323.5M | $527.3M |
| 自由现金流率自由现金流/营收 | 25.4% | 26.4% |
| 资本支出强度资本支出/营收 | 3.9% | 2.9% |
| 现金转化率经营现金流/净利润 | 2.57× | 1.47× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $1.7B |
8季度趋势,按日历期对齐
经营现金流
ADT
AME
| Q4 25 | $373.6M | $584.3M | ||
| Q3 25 | $480.1M | $440.9M | ||
| Q2 25 | $563.9M | $359.1M | ||
| Q1 25 | $466.6M | $417.5M | ||
| Q4 24 | $459.7M | $550.0M | ||
| Q3 24 | $498.2M | $487.2M | ||
| Q2 24 | $563.2M | $381.4M | ||
| Q1 24 | $363.8M | $410.2M |
自由现金流
ADT
AME
| Q4 25 | $323.5M | $527.3M | ||
| Q3 25 | $437.4M | $420.0M | ||
| Q2 25 | $526.3M | $329.8M | ||
| Q1 25 | $421.2M | $394.5M | ||
| Q4 24 | $426.0M | $498.3M | ||
| Q3 24 | $455.5M | $460.9M | ||
| Q2 24 | $516.5M | $360.0M | ||
| Q1 24 | $323.1M | $382.6M |
自由现金流率
ADT
AME
| Q4 25 | 25.4% | 26.4% | ||
| Q3 25 | 33.7% | 22.2% | ||
| Q2 25 | 40.9% | 18.5% | ||
| Q1 25 | 33.2% | 22.8% | ||
| Q4 24 | 34.3% | 28.3% | ||
| Q3 24 | 36.6% | 27.0% | ||
| Q2 24 | 42.9% | 20.8% | ||
| Q1 24 | 26.7% | 22.0% |
资本支出强度
ADT
AME
| Q4 25 | 3.9% | 2.9% | ||
| Q3 25 | 3.3% | 1.1% | ||
| Q2 25 | 2.9% | 1.6% | ||
| Q1 25 | 3.6% | 1.3% | ||
| Q4 24 | 2.7% | 2.9% | ||
| Q3 24 | 3.4% | 1.5% | ||
| Q2 24 | 3.9% | 1.2% | ||
| Q1 24 | 3.4% | 1.6% |
现金转化率
ADT
AME
| Q4 25 | 2.57× | 1.47× | ||
| Q3 25 | 3.31× | 1.19× | ||
| Q2 25 | 3.41× | 1.00× | ||
| Q1 25 | 3.33× | 1.19× | ||
| Q4 24 | 2.42× | 1.42× | ||
| Q3 24 | 3.92× | 1.43× | ||
| Q2 24 | 6.10× | 1.13× | ||
| Q1 24 | 3.97× | 1.32× |
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% |
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |