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阿卡迈（AKAM）与SBA Communications（SBAC）财务数据对比。点击上方公司名可切换其他公司
阿卡迈的季度营收约是SBA Communications的1.5倍（$1.1B vs $719.6M），SBA Communications净利率更高（51.5% vs 7.8%，领先43.7%），阿卡迈同比增速更快（7.4% vs 3.7%），SBA Communications自由现金流更多（$833.3M vs $234.9M），过去两年阿卡迈的营收复合增速更高（5.3% vs 4.6%）
阿卡迈是全球领先的云服务提供商，业务覆盖美国及全球其他地区，可为客户提供内容与商业应用的安全防护、分发及性能优化服务。其云解决方案能保障基础设施、网站、应用、API及用户免受各类网络攻击，同时提升运行效率，还可针对动态网站、应用及媒体场景提供Web与移动端性能优化方案。
SBA Communications是一家房地产投资信托企业，核心业务为持有、运营无线通信基础设施，市场覆盖美国、加拿大、中南美洲及南非地区。公司由Steven Bernstein于1989年创立，前身为Steven Bernstein and Associates。
AKAM vs SBAC — 直观对比
营收规模更大
AKAM
是对方的1.5倍
$719.6M
营收增速更快
AKAM
高出3.6%
3.7%
净利率更高
SBAC
高出43.7%
7.8%
自由现金流更多
SBAC
多$598.4M
$234.9M
两年增速更快
AKAM
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $719.6M |
| 净利润 | $85.1M | $370.4M |
| 毛利率 | 58.7% | 75.6% |
| 营业利润率 | 8.7% | 41.5% |
| 净利率 | 7.8% | 51.5% |
| 营收同比 | 7.4% | 3.7% |
| 净利润同比 | -39.2% | 107.2% |
| 每股收益（稀释后） | $0.57 | $3.47 |
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AKAMSBAC
| Q4 25 | $1.1B | $719.6M | ||
| Q3 25 | $1.1B | $732.3M | ||
| Q2 25 | $1.0B | $699.0M | ||
| Q1 25 | $1.0B | $664.2M | ||
| Q4 24 | $1.0B | $693.7M | ||
| Q3 24 | $1.0B | $667.6M | ||
| Q2 24 | $979.6M | $660.5M | ||
| Q1 24 | $987.0M | $657.9M |
净利润AKAMSBAC
| Q4 25 | $85.1M | $370.4M | ||
| Q3 25 | $140.2M | $236.8M | ||
| Q2 25 | $103.6M | $225.8M | ||
| Q1 25 | $123.2M | $220.7M | ||
| Q4 24 | $139.9M | $178.8M | ||
| Q3 24 | $57.9M | $258.5M | ||
| Q2 24 | $131.7M | $162.8M | ||
| Q1 24 | $175.4M | $154.5M |
毛利率AKAMSBAC
| Q4 25 | 58.7% | 75.6% | ||
| Q3 25 | 59.3% | 74.1% | ||
| Q2 25 | 59.1% | 75.4% | ||
| Q1 25 | 58.7% | 76.9% | ||
| Q4 24 | 59.4% | 78.1% | ||
| Q3 24 | 59.3% | 77.5% | ||
| Q2 24 | 58.9% | 78.6% | ||
| Q1 24 | 60.0% | 79.0% |
营业利润率AKAMSBAC
| Q4 25 | 8.7% | 41.5% | ||
| Q3 25 | 15.7% | 51.1% | ||
| Q2 25 | 14.5% | 47.9% | ||
| Q1 25 | 15.2% | 50.4% | ||
| Q4 24 | 14.5% | 55.1% | ||
| Q3 24 | 7.0% | 56.3% | ||
| Q2 24 | 15.1% | 53.7% | ||
| Q1 24 | 16.9% | 49.2% |
净利率AKAMSBAC
| Q4 25 | 7.8% | 51.5% | ||
| Q3 25 | 13.3% | 32.3% | ||
| Q2 25 | 9.9% | 32.3% | ||
| Q1 25 | 12.1% | 33.2% | ||
| Q4 24 | 13.7% | 25.8% | ||
| Q3 24 | 5.8% | 38.7% | ||
| Q2 24 | 13.4% | 24.7% | ||
| Q1 24 | 17.8% | 23.5% |
每股收益（稀释后）AKAMSBAC
| Q4 25 | $0.57 | $3.47 | ||
| Q3 25 | $0.97 | $2.20 | ||
| Q2 25 | $0.71 | $2.09 | ||
| Q1 25 | $0.82 | $2.04 | ||
| Q4 24 | $0.92 | $1.61 | ||
| Q3 24 | $0.38 | $2.40 | ||
| Q2 24 | $0.86 | $1.51 | ||
| Q1 24 | $1.11 | $1.42 |
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 | $1.2B | $271.2M |
| 总债务越低越好 | — | $12.9B |
| 股东权益账面价值 | $5.0B | $-4.9B |
| 总资产 | $11.5B | $11.6B |
| 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AKAMSBAC
| Q4 25 | $1.2B | $271.2M | ||
| Q3 25 | $1.1B | $431.1M | ||
| Q2 25 | $966.6M | $276.8M | ||
| Q1 25 | $1.3B | $702.2M | ||
| Q4 24 | $1.6B | $444.4M | ||
| Q3 24 | $1.7B | $202.6M | ||
| Q2 24 | $1.6B | $250.9M | ||
| Q1 24 | $1.7B | $241.9M |
总债务AKAMSBAC
| Q4 25 | — | $12.9B | ||
| Q3 25 | — | $12.7B | ||
| Q2 25 | — | $12.5B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | — | $13.6B | ||
| Q3 24 | — | $12.3B | ||
| Q2 24 | — | $12.3B | ||
| Q1 24 | — | $12.4B |
股东权益AKAMSBAC
| Q4 25 | $5.0B | $-4.9B | ||
| Q3 25 | $4.7B | $-4.9B | ||
| Q2 25 | $4.5B | $-4.9B | ||
| Q1 25 | $4.6B | $-5.0B | ||
| Q4 24 | $4.9B | $-5.1B | ||
| Q3 24 | $4.8B | $-5.2B | ||
| Q2 24 | $4.8B | $-5.3B | ||
| Q1 24 | $4.6B | $-5.2B |
总资产AKAMSBAC
| Q4 25 | $11.5B | $11.6B | ||
| Q3 25 | $10.8B | $11.3B | ||
| Q2 25 | $10.5B | $10.8B | ||
| Q1 25 | $10.0B | $10.4B | ||
| Q4 24 | $10.4B | $11.4B | ||
| Q3 24 | $10.2B | $10.2B | ||
| Q2 24 | $10.1B | $9.8B | ||
| Q1 24 | $9.9B | $10.0B |
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 | $366.6M | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $234.9M | $833.3M |
| 自由现金流率自由现金流/营收 | 21.5% | 115.8% |
| 资本支出强度资本支出/营收 | 12.0% | 63.7% |
| 现金转化率经营现金流/净利润 | 4.31× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.7B |
8季度趋势，按日历期对齐
经营现金流AKAMSBAC
| Q4 25 | $366.6M | $1.3B | ||
| Q3 25 | $441.8M | $318.0M | ||
| Q2 25 | $459.1M | $368.1M | ||
| Q1 25 | $251.2M | $301.2M | ||
| Q4 24 | $343.8M | $1.3B | ||
| Q3 24 | $392.5M | $304.7M | ||
| Q2 24 | $431.0M | $425.6M | ||
| Q1 24 | $351.9M | $294.5M |
自由现金流AKAMSBAC
| Q4 25 | $234.9M | $833.3M | ||
| Q3 25 | $329.1M | $258.0M | ||
| Q2 25 | $313.6M | $312.2M | ||
| Q1 25 | $133.4M | $255.0M | ||
| Q4 24 | $250.9M | $1.2B | ||
| Q3 24 | $279.7M | $239.9M | ||
| Q2 24 | $340.0M | $375.6M | ||
| Q1 24 | $258.1M | $236.6M |
自由现金流率AKAMSBAC
| Q4 25 | 21.5% | 115.8% | ||
| Q3 25 | 31.2% | 35.2% | ||
| Q2 25 | 30.1% | 44.7% | ||
| Q1 25 | 13.1% | 38.4% | ||
| Q4 24 | 24.6% | 179.9% | ||
| Q3 24 | 27.8% | 35.9% | ||
| Q2 24 | 34.7% | 56.9% | ||
| Q1 24 | 26.2% | 36.0% |
资本支出强度AKAMSBAC
| Q4 25 | 12.0% | 63.7% | ||
| Q3 25 | 10.7% | 8.2% | ||
| Q2 25 | 13.9% | 8.0% | ||
| Q1 25 | 11.6% | 7.0% | ||
| Q4 24 | 9.1% | 12.6% | ||
| Q3 24 | 11.2% | 9.7% | ||
| Q2 24 | 9.3% | 7.6% | ||
| Q1 24 | 9.5% | 8.8% |
现金转化率AKAMSBAC
| Q4 25 | 4.31× | 3.49× | ||
| Q3 25 | 3.15× | 1.34× | ||
| Q2 25 | 4.43× | 1.63× | ||
| Q1 25 | 2.04× | 1.36× | ||
| Q4 24 | 2.46× | 7.47× | ||
| Q3 24 | 6.78× | 1.18× | ||
| Q2 24 | 3.27× | 2.61× | ||
| Q1 24 | 2.01× | 1.91× |
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
AKAM
| Security | $592.4M | 54% |
| Delivery | $311.1M | 28% |
| Cloud Computing | $191.4M | 17% |
SBAC
暂无分部数据
