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ADT Inc.（ADT）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是ADT Inc.的1.6倍（$2.1B vs $1.3B），Roper Technologies净利率更高（15.8% vs 11.4%，领先4.4%），Roper Technologies同比增速更快（11.3% vs 2.9%），Roper Technologies自由现金流更多（$507.0M vs $323.5M），过去两年Roper Technologies的营收复合增速更高（10.5% 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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
ADT vs ROP — 直观对比
营收规模更大
ROP
是对方的1.6倍
$1.3B
营收增速更快
ROP
高出8.4%
2.9%
净利率更高
ROP
高出4.4%
11.4%
自由现金流更多
ROP
多$183.5M
$323.5M
两年增速更快
ROP
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.1B |
| 净利润 | $145.4M | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | 26.1% | 27.2% |
| 净利率 | 11.4% | 15.8% |
| 营收同比 | 2.9% | 11.3% |
| 净利润同比 | -23.5% | 53.7% |
| 每股收益（稀释后） | — | $4.87 |
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ADTROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $1.9B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.2B | $1.7B |
净利润ADTROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $145.4M | $428.4M | ||
| Q3 25 | $145.1M | $398.5M | ||
| Q2 25 | $165.2M | $378.3M | ||
| Q1 25 | $140.2M | $331.1M | ||
| Q4 24 | $190.0M | $462.3M | ||
| Q3 24 | $127.2M | $367.9M | ||
| Q2 24 | $92.4M | $337.1M |
毛利率ADTROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率ADTROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 26.1% | 28.6% | ||
| Q3 25 | 24.3% | 28.4% | ||
| Q2 25 | 26.6% | 28.2% | ||
| Q1 25 | 25.2% | 27.9% | ||
| Q4 24 | 32.4% | 28.0% | ||
| Q3 24 | 26.2% | 28.1% | ||
| Q2 24 | 23.6% | 28.8% |
净利率ADTROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 11.4% | 20.8% | ||
| Q3 25 | 11.2% | 19.8% | ||
| Q2 25 | 12.8% | 19.5% | ||
| Q1 25 | 11.1% | 17.6% | ||
| Q4 24 | 15.3% | 24.6% | ||
| Q3 24 | 10.2% | 20.8% | ||
| Q2 24 | 7.7% | 19.6% |
每股收益（稀释后）ADTROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | — | $3.97 | ||
| Q3 25 | — | $3.68 | ||
| Q2 25 | — | $3.49 | ||
| Q1 25 | — | $3.06 | ||
| Q4 24 | — | $4.29 | ||
| Q3 24 | — | $3.40 | ||
| Q2 24 | — | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $7.4B | $9.7B |
| 股东权益账面价值 | $3.8B | $18.8B |
| 总资产 | $15.8B | $34.6B |
| 负债/权益比越低杠杆越低 | 1.95× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资ADTROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $80.8M | $297.4M | ||
| Q3 25 | $62.8M | $320.0M | ||
| Q2 25 | $45.2M | $242.4M | ||
| Q1 25 | $3.7M | $372.8M | ||
| Q4 24 | $96.2M | $188.2M | ||
| Q3 24 | $95.3M | $269.6M | ||
| Q2 24 | $37.9M | $251.5M |
总债务ADTROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $7.4B | $9.3B | ||
| Q3 25 | $7.3B | — | ||
| Q2 25 | $6.8B | — | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.5B | $7.6B | ||
| Q3 24 | $7.5B | — | ||
| Q2 24 | $7.5B | — |
股东权益ADTROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $3.8B | $19.9B | ||
| Q3 25 | $3.7B | $20.0B | ||
| Q2 25 | $3.7B | $19.6B | ||
| Q1 25 | $3.6B | $19.2B | ||
| Q4 24 | $3.8B | $18.9B | ||
| Q3 24 | $3.9B | $18.5B | ||
| Q2 24 | $3.8B | $18.1B |
总资产ADTROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $15.8B | $34.6B | ||
| Q3 25 | $16.0B | $34.6B | ||
| Q2 25 | $16.0B | $33.2B | ||
| Q1 25 | $15.8B | $31.4B | ||
| Q4 24 | $16.1B | $31.3B | ||
| Q3 24 | $16.1B | $31.6B | ||
| Q2 24 | $16.0B | $29.8B |
负债/权益比ADTROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 1.95× | 0.47× | ||
| Q3 25 | 1.99× | — | ||
| Q2 25 | 1.84× | — | ||
| Q1 25 | 2.10× | — | ||
| Q4 24 | 1.98× | 0.40× | ||
| Q3 24 | 1.93× | — | ||
| Q2 24 | 1.98× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $323.5M | $507.0M |
| 自由现金流率自由现金流/营收 | 25.4% | 24.2% |
| 资本支出强度资本支出/营收 | 3.9% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.57× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | — |
8季度趋势，按日历期对齐
经营现金流ADTROP
| Q1 26 | — | — | ||
| Q4 25 | $373.6M | $738.0M | ||
| Q3 25 | $480.1M | $869.5M | ||
| Q2 25 | $563.9M | $404.1M | ||
| Q1 25 | $466.6M | $528.7M | ||
| Q4 24 | $459.7M | $722.2M | ||
| Q3 24 | $498.2M | $755.4M | ||
| Q2 24 | $563.2M | $384.1M |
自由现金流ADTROP
| Q1 26 | — | $507.0M | ||
| Q4 25 | $323.5M | — | ||
| Q3 25 | $437.4M | — | ||
| Q2 25 | $526.3M | — | ||
| Q1 25 | $421.2M | — | ||
| Q4 24 | $426.0M | — | ||
| Q3 24 | $455.5M | — | ||
| Q2 24 | $516.5M | — |
自由现金流率ADTROP
| Q1 26 | — | 24.2% | ||
| Q4 25 | 25.4% | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 40.9% | — | ||
| Q1 25 | 33.2% | — | ||
| Q4 24 | 34.3% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 42.9% | — |
资本支出强度ADTROP
| Q1 26 | — | 0.5% | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 3.9% | — |
现金转化率ADTROP
| Q1 26 | — | — | ||
| Q4 25 | 2.57× | 1.72× | ||
| Q3 25 | 3.31× | 2.18× | ||
| Q2 25 | 3.41× | 1.07× | ||
| Q1 25 | 3.33× | 1.60× | ||
| Q4 24 | 2.42× | 1.56× | ||
| Q3 24 | 3.92× | 2.05× | ||
| Q2 24 | 6.10× | 1.14× |
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% |
| Other | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
ROP
暂无分部数据
