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American Healthcare REIT, Inc.（AHR）与LAMAR ADVERTISING CO（LAMR）财务数据对比。点击上方公司名可切换其他公司
LAMAR ADVERTISING CO的季度营收约是American Healthcare REIT, Inc.的1.1倍（$595.9M vs $564.0M）。LAMAR ADVERTISING CO净利率更高（25.6% vs 1.9%，领先23.6%）。American Healthcare REIT, Inc.同比增速更快（13.5% vs 2.8%）。过去两年American Healthcare REIT, Inc.的营收复合增速更高（11.7% vs 9.4%）
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。
拉马尔广告是一家知名户外广告服务商，1902年由查尔斯·W·拉马尔与J.M.科伊创立，总部位于美国路易斯安那州巴吞鲁日。公司业务覆盖美国与加拿大，在两地设有超200个运营网点，旗下在美国境内拥有超过36.3万个广告展示位，涵盖广告牌、标识标牌、公共交通展示载体等品类，2014年转型为房地产投资信托。
AHR vs LAMR — 直观对比
营收规模更大
LAMR
是对方的1.1倍
$564.0M
营收增速更快
AHR
高出10.7%
2.8%
净利率更高
LAMR
高出23.6%
1.9%
两年增速更快
AHR
近两年复合增速
9.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $564.0M | $595.9M |
| 净利润 | $10.8M | $152.3M |
| 毛利率 | 14.8% | 67.7% |
| 营业利润率 | 19.8% | 32.9% |
| 净利率 | 1.9% | 25.6% |
| 营收同比 | 13.5% | 2.8% |
| 净利润同比 | 133.9% | 12801.3% |
| 每股收益（稀释后） | $0.07 | $1.50 |
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AHRLAMR
| Q4 25 | $564.0M | $595.9M | ||
| Q3 25 | $532.1M | $585.5M | ||
| Q2 25 | $501.3M | $579.3M | ||
| Q1 25 | $497.2M | $505.4M | ||
| Q4 24 | $496.8M | $579.6M | ||
| Q3 24 | $476.8M | $564.1M | ||
| Q2 24 | $458.0M | $565.3M | ||
| Q1 24 | $452.1M | $498.1M |
净利润AHRLAMR
| Q4 25 | $10.8M | $152.3M | ||
| Q3 25 | $55.9M | $141.8M | ||
| Q2 25 | $9.9M | $154.4M | ||
| Q1 25 | $-6.8M | $138.8M | ||
| Q4 24 | $-31.8M | $-1.2M | ||
| Q3 24 | $-4.1M | $147.5M | ||
| Q2 24 | $2.0M | $137.4M | ||
| Q1 24 | $-3.9M | $78.2M |
毛利率AHRLAMR
| Q4 25 | 14.8% | 67.7% | ||
| Q3 25 | 14.6% | 67.9% | ||
| Q2 25 | 15.0% | 67.8% | ||
| Q1 25 | 13.0% | 64.4% | ||
| Q4 24 | 13.3% | 67.8% | ||
| Q3 24 | 12.5% | 67.6% | ||
| Q2 24 | 12.1% | 67.6% | ||
| Q1 24 | 10.7% | 64.7% |
营业利润率AHRLAMR
| Q4 25 | 19.8% | 32.9% | ||
| Q3 25 | 19.9% | 32.3% | ||
| Q2 25 | 20.6% | 34.1% | ||
| Q1 25 | 19.0% | 37.8% | ||
| Q4 24 | 20.0% | 6.3% | ||
| Q3 24 | 19.6% | 33.1% | ||
| Q2 24 | 19.4% | 32.6% | ||
| Q1 24 | 18.2% | 25.0% |
净利率AHRLAMR
| Q4 25 | 1.9% | 25.6% | ||
| Q3 25 | 10.5% | 24.2% | ||
| Q2 25 | 2.0% | 26.6% | ||
| Q1 25 | -1.4% | 27.5% | ||
| Q4 24 | -6.4% | -0.2% | ||
| Q3 24 | -0.9% | 26.1% | ||
| Q2 24 | 0.4% | 24.3% | ||
| Q1 24 | -0.9% | 15.7% |
每股收益（稀释后）AHRLAMR
| Q4 25 | $0.07 | $1.50 | ||
| Q3 25 | $0.33 | $1.40 | ||
| Q2 25 | $0.06 | $1.52 | ||
| Q1 25 | $-0.04 | $1.35 | ||
| Q4 24 | $-0.23 | $-0.02 | ||
| Q3 24 | $-0.03 | $1.44 | ||
| Q2 24 | $0.01 | $1.34 | ||
| Q1 24 | $-0.04 | $0.76 |
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 | $64.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $1.0B |
| 总资产 | $5.4B | $6.9B |
| 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AHRLAMR
| Q4 25 | $114.8M | $64.8M | ||
| Q3 25 | $147.4M | $22.0M | ||
| Q2 25 | $133.5M | $55.7M | ||
| Q1 25 | $86.1M | $36.1M | ||
| Q4 24 | $76.7M | $49.5M | ||
| Q3 24 | $67.8M | $29.5M | ||
| Q2 24 | $52.1M | $77.9M | ||
| Q1 24 | $77.0M | $36.4M |
股东权益AHRLAMR
| Q4 25 | $3.3B | $1.0B | ||
| Q3 25 | $2.7B | $1.0B | ||
| Q2 25 | $2.4B | $906.9M | ||
| Q1 25 | $2.3B | $1.0B | ||
| Q4 24 | $2.3B | $1.0B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $2.0B | $1.2B |
总资产AHRLAMR
| Q4 25 | $5.4B | $6.9B | ||
| Q3 25 | $4.8B | $6.8B | ||
| Q2 25 | $4.5B | $6.7B | ||
| Q1 25 | $4.5B | $6.5B | ||
| Q4 24 | $4.5B | $6.6B | ||
| Q3 24 | $4.7B | $6.5B | ||
| Q2 24 | $4.6B | $6.6B | ||
| Q1 24 | $4.7B | $6.5B |
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 | $271.2M |
| 自由现金流经营现金流 - 资本支出 | — | $208.3M |
| 自由现金流率自由现金流/营收 | — | 35.0% |
| 资本支出强度资本支出/营收 | — | 10.5% |
| 现金转化率经营现金流/净利润 | 5.12× | 1.78× |
| 过去12个月自由现金流最近4个季度 | — | $683.2M |
8季度趋势，按日历期对齐
经营现金流AHRLAMR
| Q4 25 | $55.2M | $271.2M | ||
| Q3 25 | $107.2M | $235.7M | ||
| Q2 25 | $71.5M | $229.5M | ||
| Q1 25 | $60.6M | $127.7M | ||
| Q4 24 | $59.5M | $279.3M | ||
| Q3 24 | $63.1M | $227.4M | ||
| Q2 24 | $59.4M | $256.3M | ||
| Q1 24 | $-6.0M | $110.6M |
自由现金流AHRLAMR
| Q4 25 | — | $208.3M | ||
| Q3 25 | — | $185.8M | ||
| Q2 25 | — | $191.3M | ||
| Q1 25 | — | $97.9M | ||
| Q4 24 | — | $236.3M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $233.7M | ||
| Q1 24 | — | $81.1M |
自由现金流率AHRLAMR
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 31.7% | ||
| Q2 25 | — | 33.0% | ||
| Q1 25 | — | 19.4% | ||
| Q4 24 | — | 40.8% | ||
| Q3 24 | — | 35.0% | ||
| Q2 24 | — | 41.3% | ||
| Q1 24 | — | 16.3% |
资本支出强度AHRLAMR
| Q4 25 | — | 10.5% | ||
| Q3 25 | — | 8.5% | ||
| Q2 25 | — | 6.6% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 4.0% | ||
| Q1 24 | — | 5.9% |
现金转化率AHRLAMR
| Q4 25 | 5.12× | 1.78× | ||
| Q3 25 | 1.92× | 1.66× | ||
| Q2 25 | 7.21× | 1.49× | ||
| Q1 25 | — | 0.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.54× | ||
| Q2 24 | 30.02× | 1.87× | ||
| Q1 24 | — | 1.41× |
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
AHR
| Integrated Senior Health Campuses | $467.0M | 83% |
| SHOP | $97.0M | 17% |
LAMR
| Reportable Segment Aggregation Before Other Operating Segment | $531.9M | 89% |
| Transit Advertising | $42.0M | 7% |
| Logo Advertising | $22.1M | 4% |
