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American Healthcare REIT, Inc.（AHR）与OUTFRONT Media Inc.（OUT）财务数据对比。点击上方公司名可切换其他公司
American Healthcare REIT, Inc.的季度营收约是OUTFRONT Media Inc.的1.1倍（$564.0M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 1.9%，领先16.9%），American Healthcare REIT, Inc.同比增速更快（13.5% vs 4.1%），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% vs 11.7%）
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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
AHR vs OUT — 直观对比
营收规模更大
AHR
是对方的1.1倍
$513.3M
营收增速更快
AHR
高出9.4%
4.1%
净利率更高
OUT
高出16.9%
1.9%
两年增速更快
OUT
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $564.0M | $513.3M |
| 净利润 | $10.8M | $96.8M |
| 毛利率 | 14.8% | — |
| 营业利润率 | 19.8% | 26.0% |
| 净利率 | 1.9% | 18.9% |
| 营收同比 | 13.5% | 4.1% |
| 净利润同比 | 133.9% | 30.8% |
| 每股收益（稀释后） | $0.07 | $0.57 |
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AHROUT
| Q4 25 | $564.0M | $513.3M | ||
| Q3 25 | $532.1M | $467.5M | ||
| Q2 25 | $501.3M | $460.2M | ||
| Q1 25 | $497.2M | $390.7M | ||
| Q4 24 | $496.8M | $493.2M | ||
| Q3 24 | $476.8M | $451.9M | ||
| Q2 24 | $458.0M | $477.3M | ||
| Q1 24 | $452.1M | $408.5M |
净利润AHROUT
| Q4 25 | $10.8M | $96.8M | ||
| Q3 25 | $55.9M | $51.3M | ||
| Q2 25 | $9.9M | $19.5M | ||
| Q1 25 | $-6.8M | $-20.6M | ||
| Q4 24 | $-31.8M | $74.0M | ||
| Q3 24 | $-4.1M | $34.6M | ||
| Q2 24 | $2.0M | $176.8M | ||
| Q1 24 | $-3.9M | $-27.2M |
毛利率AHROUT
| Q4 25 | 14.8% | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 13.0% | — | ||
| Q4 24 | 13.3% | — | ||
| Q3 24 | 12.5% | — | ||
| Q2 24 | 12.1% | — | ||
| Q1 24 | 10.7% | — |
营业利润率AHROUT
| Q4 25 | 19.8% | 26.0% | ||
| Q3 25 | 19.9% | 19.2% | ||
| Q2 25 | 20.6% | 12.2% | ||
| Q1 25 | 19.0% | 3.6% | ||
| Q4 24 | 20.0% | 22.5% | ||
| Q3 24 | 19.6% | 15.8% | ||
| Q2 24 | 19.4% | 48.0% | ||
| Q1 24 | 18.2% | 3.4% |
净利率AHROUT
| Q4 25 | 1.9% | 18.9% | ||
| Q3 25 | 10.5% | 11.0% | ||
| Q2 25 | 2.0% | 4.2% | ||
| Q1 25 | -1.4% | -5.3% | ||
| Q4 24 | -6.4% | 15.0% | ||
| Q3 24 | -0.9% | 7.7% | ||
| Q2 24 | 0.4% | 37.0% | ||
| Q1 24 | -0.9% | -6.7% |
每股收益（稀释后）AHROUT
| Q4 25 | $0.07 | $0.57 | ||
| Q3 25 | $0.33 | $0.29 | ||
| Q2 25 | $0.06 | $0.10 | ||
| Q1 25 | $-0.04 | $-0.14 | ||
| Q4 24 | $-0.23 | $0.49 | ||
| Q3 24 | $-0.03 | $0.19 | ||
| Q2 24 | $0.01 | $1.01 | ||
| Q1 24 | $-0.04 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3B | $710.4M |
| 总资产 | $5.4B | $5.3B |
| 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AHROUT
| Q4 25 | $114.8M | $99.9M | ||
| Q3 25 | $147.4M | $63.0M | ||
| Q2 25 | $133.5M | $28.5M | ||
| Q1 25 | $86.1M | $30.5M | ||
| Q4 24 | $76.7M | $46.9M | ||
| Q3 24 | $67.8M | $28.0M | ||
| Q2 24 | $52.1M | $49.6M | ||
| Q1 24 | $77.0M | $42.4M |
股东权益AHROUT
| Q4 25 | $3.3B | $710.4M | ||
| Q3 25 | $2.7B | $542.6M | ||
| Q2 25 | $2.4B | $539.1M | ||
| Q1 25 | $2.3B | $566.9M | ||
| Q4 24 | $2.3B | $649.0M | ||
| Q3 24 | $2.2B | $618.2M | ||
| Q2 24 | $1.9B | $664.9M | ||
| Q1 24 | $2.0B | $524.2M |
总资产AHROUT
| Q4 25 | $5.4B | $5.3B | ||
| Q3 25 | $4.8B | $5.2B | ||
| Q2 25 | $4.5B | $5.1B | ||
| Q1 25 | $4.5B | $5.1B | ||
| Q4 24 | $4.5B | $5.2B | ||
| Q3 24 | $4.7B | $5.2B | ||
| Q2 24 | $4.6B | $5.3B | ||
| Q1 24 | $4.7B | $5.5B |
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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | — | $93.3M |
| 自由现金流率自由现金流/营收 | — | 18.2% |
| 资本支出强度资本支出/营收 | — | 4.8% |
| 现金转化率经营现金流/净利润 | 5.12× | 1.22× |
| 过去12个月自由现金流最近4个季度 | — | $218.8M |
8季度趋势，按日历期对齐
经营现金流AHROUT
| Q4 25 | $55.2M | $118.1M | ||
| Q3 25 | $107.2M | $88.8M | ||
| Q2 25 | $71.5M | $67.1M | ||
| Q1 25 | $60.6M | $33.6M | ||
| Q4 24 | $59.5M | $124.5M | ||
| Q3 24 | $63.1M | $73.1M | ||
| Q2 24 | $59.4M | $71.0M | ||
| Q1 24 | $-6.0M | $30.6M |
自由现金流AHROUT
| Q4 25 | — | $93.3M | ||
| Q3 25 | — | $67.7M | ||
| Q2 25 | — | $41.4M | ||
| Q1 25 | — | $16.4M | ||
| Q4 24 | — | $106.3M | ||
| Q3 24 | — | $55.5M | ||
| Q2 24 | — | $47.1M | ||
| Q1 24 | — | $12.2M |
自由现金流率AHROUT
| Q4 25 | — | 18.2% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 9.9% | ||
| Q1 24 | — | 3.0% |
资本支出强度AHROUT
| Q4 25 | — | 4.8% | ||
| Q3 25 | — | 4.5% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | — | 4.5% |
现金转化率AHROUT
| Q4 25 | 5.12× | 1.22× | ||
| Q3 25 | 1.92× | 1.73× | ||
| Q2 25 | 7.21× | 3.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | 30.02× | 0.40× | ||
| Q1 24 | — | — |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
