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AlTi Global, Inc.（ALTI）与READING INTERNATIONAL INC（RDI）财务数据对比。点击上方公司名可切换其他公司
AlTi Global, Inc.的季度营收约是READING INTERNATIONAL INC的1.7倍（$86.6M vs $50.3M），READING INTERNATIONAL INC净利率更高（-5.1% vs -15.1%，领先10.0%），AlTi Global, Inc.同比增速更快（87.0% vs -14.2%），READING INTERNATIONAL INC自由现金流更多（$4.1M vs $-52.2M），过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs 5.6%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
雷丁公司是总部位于美国费城的铁路企业，1924年起在宾夕法尼亚州东部及周边各州提供客运与货运运输服务，直至1976年被联合铁路公司收购。
ALTI vs RDI — 直观对比
营收规模更大
ALTI
是对方的1.7倍
$50.3M
营收增速更快
ALTI
高出101.2%
-14.2%
净利率更高
RDI
高出10.0%
-15.1%
自由现金流更多
RDI
多$56.4M
$-52.2M
两年增速更快
ALTI
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $50.3M |
| 净利润 | $-13.1M | $-2.6M |
| 毛利率 | — | — |
| 营业利润率 | -2.1% | -1.9% |
| 净利率 | -15.1% | -5.1% |
| 营收同比 | 87.0% | -14.2% |
| 净利润同比 | 75.6% | -14.5% |
| 每股收益（稀释后） | — | $-0.11 |
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ALTIRDI
| Q4 25 | $86.6M | $50.3M | ||
| Q3 25 | $57.2M | $52.2M | ||
| Q2 25 | $53.1M | $60.4M | ||
| Q1 25 | $58.0M | $40.2M | ||
| Q4 24 | $46.3M | $58.6M | ||
| Q3 24 | $51.8M | $60.1M | ||
| Q2 24 | $49.5M | $46.8M | ||
| Q1 24 | $50.8M | $45.1M |
净利润ALTIRDI
| Q4 25 | $-13.1M | $-2.6M | ||
| Q3 25 | $-84.1M | $-4.2M | ||
| Q2 25 | $-24.4M | $-2.7M | ||
| Q1 25 | $1.9M | $-4.8M | ||
| Q4 24 | $-53.8M | $-2.2M | ||
| Q3 24 | $-72.5M | $-7.0M | ||
| Q2 24 | $-6.4M | $-12.8M | ||
| Q1 24 | $29.7M | $-13.2M |
营业利润率ALTIRDI
| Q4 25 | -2.1% | -1.9% | ||
| Q3 25 | -49.8% | -0.6% | ||
| Q2 25 | -56.7% | 4.8% | ||
| Q1 25 | -23.3% | -17.2% | ||
| Q4 24 | -42.7% | 2.6% | ||
| Q3 24 | -18.4% | -0.6% | ||
| Q2 24 | -30.2% | -16.4% | ||
| Q1 24 | -28.9% | -16.7% |
净利率ALTIRDI
| Q4 25 | -15.1% | -5.1% | ||
| Q3 25 | -147.0% | -8.0% | ||
| Q2 25 | -45.9% | -4.4% | ||
| Q1 25 | 3.3% | -11.8% | ||
| Q4 24 | -116.1% | -3.8% | ||
| Q3 24 | -140.0% | -11.7% | ||
| Q2 24 | -12.9% | -27.4% | ||
| Q1 24 | 58.4% | -29.4% |
每股收益（稀释后）ALTIRDI
| Q4 25 | — | $-0.11 | ||
| Q3 25 | — | $-0.18 | ||
| Q2 25 | $-0.33 | $-0.12 | ||
| Q1 25 | $-0.04 | $-0.21 | ||
| Q4 24 | $-0.71 | $-0.11 | ||
| Q3 24 | $-0.88 | $-0.31 | ||
| Q2 24 | $-0.18 | $-0.57 | ||
| Q1 24 | $0.18 | $-0.59 |
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 | $41.2M | $10.5M |
| 总债务越低越好 | $883.0K | $185.1M |
| 股东权益账面价值 | $600.1M | $-18.2M |
| 总资产 | $1.2B | $434.9M |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资ALTIRDI
| Q4 25 | $41.2M | $10.5M | ||
| Q3 25 | $35.8M | $8.1M | ||
| Q2 25 | $42.4M | $9.1M | ||
| Q1 25 | $52.8M | $5.9M | ||
| Q4 24 | $64.4M | $12.4M | ||
| Q3 24 | $220.6M | $10.1M | ||
| Q2 24 | $60.0M | $9.3M | ||
| Q1 24 | $134.2M | $7.5M |
总债务ALTIRDI
| Q4 25 | $883.0K | $185.1M | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | $202.7M | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
股东权益ALTIRDI
| Q4 25 | $600.1M | $-18.2M | ||
| Q3 25 | $607.2M | $-12.1M | ||
| Q2 25 | $685.4M | $-7.7M | ||
| Q1 25 | $665.2M | $-8.1M | ||
| Q4 24 | $658.4M | $-4.4M | ||
| Q3 24 | $707.0M | $1.6M | ||
| Q2 24 | $540.2M | $6.5M | ||
| Q1 24 | $510.9M | $18.0M |
总资产ALTIRDI
| Q4 25 | $1.2B | $434.9M | ||
| Q3 25 | $1.2B | $435.2M | ||
| Q2 25 | $1.2B | $438.1M | ||
| Q1 25 | $1.2B | $441.0M | ||
| Q4 24 | $1.3B | $471.0M | ||
| Q3 24 | $1.4B | $495.7M | ||
| Q2 24 | $1.3B | $494.9M | ||
| Q1 24 | $1.3B | $494.9M |
负债/权益比ALTIRDI
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $4.3M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | $4.1M |
| 自由现金流率自由现金流/营收 | -60.3% | 8.2% |
| 资本支出强度资本支出/营收 | 0.9% | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-2.9M |
8季度趋势，按日历期对齐
经营现金流ALTIRDI
| Q4 25 | $-51.4M | $4.3M | ||
| Q3 25 | $-53.5M | $295.0K | ||
| Q2 25 | $-19.9M | $1.6M | ||
| Q1 25 | $-30.2M | $-7.7M | ||
| Q4 24 | $-50.7M | $8.0M | ||
| Q3 24 | $-4.9M | $1.3M | ||
| Q2 24 | $-30.2M | $-10.4M | ||
| Q1 24 | $-15.5M | $-2.8M |
自由现金流ALTIRDI
| Q4 25 | $-52.2M | $4.1M | ||
| Q3 25 | — | $-246.0K | ||
| Q2 25 | $-20.0M | $1.2M | ||
| Q1 25 | $-31.0M | $-8.0M | ||
| Q4 24 | $-58.2M | $7.0M | ||
| Q3 24 | $-9.4M | $-1.1M | ||
| Q2 24 | $-31.2M | $-10.6M | ||
| Q1 24 | $-15.7M | $-4.7M |
自由现金流率ALTIRDI
| Q4 25 | -60.3% | 8.2% | ||
| Q3 25 | — | -0.5% | ||
| Q2 25 | -37.6% | 1.9% | ||
| Q1 25 | -53.4% | -19.8% | ||
| Q4 24 | -125.7% | 12.0% | ||
| Q3 24 | -18.2% | -1.8% | ||
| Q2 24 | -63.2% | -22.7% | ||
| Q1 24 | -30.9% | -10.4% |
资本支出强度ALTIRDI
| Q4 25 | 0.9% | 0.3% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 16.3% | 1.7% | ||
| Q3 24 | 8.7% | 4.0% | ||
| Q2 24 | 2.2% | 0.5% | ||
| Q1 24 | 0.4% | 4.3% |
现金转化率ALTIRDI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.52× | — |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
