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American Healthcare REIT, Inc.（AHR）与FIVE BELOW, INC（FIVE）财务数据对比。点击上方公司名可切换其他公司
FIVE BELOW, INC的季度营收约是American Healthcare REIT, Inc.的1.8倍（$1.0B vs $564.0M），FIVE BELOW, INC净利率更高（3.5% vs 1.9%，领先1.6%），FIVE BELOW, INC同比增速更快（23.1% vs 13.5%），过去两年American Healthcare REIT, Inc.的营收复合增速更高（11.7% vs -11.9%）
本公司是一家国际医疗房地产投资信托基金（REIT），总部位于美国阿拉巴马州伯明翰，主要在美国及欧洲地区收购、投资医疗机构与营利性医疗控股企业，物业收购多采用售后回租模式，租户通常签署长期三净租约。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
AHR vs FIVE — 直观对比
营收规模更大
FIVE
是对方的1.8倍
$564.0M
营收增速更快
FIVE
高出9.5%
13.5%
净利率更高
FIVE
高出1.6%
1.9%
两年增速更快
AHR
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $564.0M | $1.0B |
| 净利润 | $10.8M | $36.5M |
| 毛利率 | 14.8% | 33.8% |
| 营业利润率 | 19.8% | 4.2% |
| 净利率 | 1.9% | 3.5% |
| 营收同比 | 13.5% | 23.1% |
| 净利润同比 | 133.9% | 2063.9% |
| 每股收益（稀释后） | $0.07 | $0.66 |
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AHRFIVE
| Q4 25 | $564.0M | $1.0B | ||
| Q3 25 | $532.1M | $1.0B | ||
| Q2 25 | $501.3M | $970.5M | ||
| Q1 25 | $497.2M | $1.4B | ||
| Q4 24 | $496.8M | $843.7M | ||
| Q3 24 | $476.8M | $830.1M | ||
| Q2 24 | $458.0M | $811.9M | ||
| Q1 24 | $452.1M | $1.3B |
净利润AHRFIVE
| Q4 25 | $10.8M | $36.5M | ||
| Q3 25 | $55.9M | $42.8M | ||
| Q2 25 | $9.9M | $41.1M | ||
| Q1 25 | $-6.8M | $187.5M | ||
| Q4 24 | $-31.8M | $1.7M | ||
| Q3 24 | $-4.1M | $33.0M | ||
| Q2 24 | $2.0M | $31.5M | ||
| Q1 24 | $-3.9M | $202.2M |
毛利率AHRFIVE
| Q4 25 | 14.8% | 33.8% | ||
| Q3 25 | 14.6% | 33.3% | ||
| Q2 25 | 15.0% | 33.4% | ||
| Q1 25 | 13.0% | 40.2% | ||
| Q4 24 | 13.3% | 30.6% | ||
| Q3 24 | 12.5% | 32.7% | ||
| Q2 24 | 12.1% | 32.5% | ||
| Q1 24 | 10.7% | 41.2% |
营业利润率AHRFIVE
| Q4 25 | 19.8% | 4.2% | ||
| Q3 25 | 19.9% | 5.1% | ||
| Q2 25 | 20.6% | 5.2% | ||
| Q1 25 | 19.0% | 17.7% | ||
| Q4 24 | 20.0% | -0.1% | ||
| Q3 24 | 19.6% | 5.0% | ||
| Q2 24 | 19.4% | 4.5% | ||
| Q1 24 | 18.2% | 20.1% |
净利率AHRFIVE
| Q4 25 | 1.9% | 3.5% | ||
| Q3 25 | 10.5% | 4.2% | ||
| Q2 25 | 2.0% | 4.2% | ||
| Q1 25 | -1.4% | 13.5% | ||
| Q4 24 | -6.4% | 0.2% | ||
| Q3 24 | -0.9% | 4.0% | ||
| Q2 24 | 0.4% | 3.9% | ||
| Q1 24 | -0.9% | 15.1% |
每股收益（稀释后）AHRFIVE
| Q4 25 | $0.07 | $0.66 | ||
| Q3 25 | $0.33 | $0.77 | ||
| Q2 25 | $0.06 | $0.75 | ||
| Q1 25 | $-0.04 | $3.40 | ||
| Q4 24 | $-0.23 | $0.03 | ||
| Q3 24 | $-0.03 | $0.60 | ||
| Q2 24 | $0.01 | $0.57 | ||
| Q1 24 | $-0.04 | $3.64 |
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 | $114.8M | $524.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $2.0B |
| 总资产 | $5.4B | $4.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AHRFIVE
| Q4 25 | $114.8M | $524.5M | ||
| Q3 25 | $147.4M | $670.2M | ||
| Q2 25 | $133.5M | $624.0M | ||
| Q1 25 | $86.1M | $528.8M | ||
| Q4 24 | $76.7M | $216.6M | ||
| Q3 24 | $67.8M | $327.7M | ||
| Q2 24 | $52.1M | $369.6M | ||
| Q1 24 | $77.0M | $460.1M |
股东权益AHRFIVE
| Q4 25 | $3.3B | $2.0B | ||
| Q3 25 | $2.7B | $1.9B | ||
| Q2 25 | $2.4B | $1.9B | ||
| Q1 25 | $2.3B | $1.8B | ||
| Q4 24 | $2.3B | $1.6B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $2.0B | $1.6B |
总资产AHRFIVE
| Q4 25 | $5.4B | $4.8B | ||
| Q3 25 | $4.8B | $4.6B | ||
| Q2 25 | $4.5B | $4.5B | ||
| Q1 25 | $4.5B | $4.3B | ||
| Q4 24 | $4.5B | $4.2B | ||
| Q3 24 | $4.7B | $4.0B | ||
| Q2 24 | $4.6B | $3.9B | ||
| Q1 24 | $4.7B | $3.9B |
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 | $55.2M | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-133.2M |
| 自由现金流率自由现金流/营收 | — | -12.8% |
| 资本支出强度资本支出/营收 | — | 5.1% |
| 现金转化率经营现金流/净利润 | 5.12× | -2.19× |
| 过去12个月自由现金流最近4个季度 | — | $323.0M |
8季度趋势，按日历期对齐
经营现金流AHRFIVE
| Q4 25 | $55.2M | $-80.1M | ||
| Q3 25 | $107.2M | $93.0M | ||
| Q2 25 | $71.5M | $132.7M | ||
| Q1 25 | $60.6M | $363.5M | ||
| Q4 24 | $59.5M | $-30.6M | ||
| Q3 24 | $63.1M | $71.3M | ||
| Q2 24 | $59.4M | $26.4M | ||
| Q1 24 | $-6.0M | $407.7M |
自由现金流AHRFIVE
| Q4 25 | — | $-133.2M | ||
| Q3 25 | — | $48.3M | ||
| Q2 25 | — | $96.5M | ||
| Q1 25 | — | $311.4M | ||
| Q4 24 | — | $-111.0M | ||
| Q3 24 | — | $-32.4M | ||
| Q2 24 | — | $-61.4M | ||
| Q1 24 | — | $304.6M |
自由现金流率AHRFIVE
| Q4 25 | — | -12.8% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 9.9% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | -13.2% | ||
| Q3 24 | — | -3.9% | ||
| Q2 24 | — | -7.6% | ||
| Q1 24 | — | 22.8% |
资本支出强度AHRFIVE
| Q4 25 | — | 5.1% | ||
| Q3 25 | — | 4.4% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 12.5% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | 7.7% |
现金转化率AHRFIVE
| Q4 25 | 5.12× | -2.19× | ||
| Q3 25 | 1.92× | 2.17× | ||
| Q2 25 | 7.21× | 3.22× | ||
| Q1 25 | — | 1.94× | ||
| Q4 24 | — | -18.13× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | 30.02× | 0.84× | ||
| Q1 24 | — | 2.02× |
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
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
FIVE
暂无分部数据
