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英美资源集团（AMSC）与SHENANDOAH TELECOMMUNICATIONS CO（SHEN）财务数据对比。点击上方公司名可切换其他公司
SHENANDOAH TELECOMMUNICATIONS CO的季度营收约是英美资源集团的1.2倍（$91.6M vs $74.5M），英美资源集团净利率更高（158.1% vs -5.9%，领先163.9%），英美资源集团同比增速更快（21.4% vs 7.2%），英美资源集团自由现金流更多（$2.4M vs $-78.6M），过去两年英美资源集团的营收复合增速更高（33.2% vs 15.0%）
英美资源集团是一家总部位于英国伦敦的跨国矿业企业，是全球最大的铂金生产商，产量约占全球总产出的40%，同时也是钻石、铜、镍、铁矿石、多卤石、炼焦煤的主要供应商，业务布局覆盖非洲、亚洲、大洋洲、欧洲、南北美洲多个地区。
谢南多厄电信是总部位于美国弗吉尼亚州的区域性电信服务商，面向美国中大西洋地区多州的居民及商业客户提供宽带互联网、无线通信、数字有线电视及光纤网络解决方案，重点服务乡村及城郊欠发达区域。
AMSC vs SHEN — 直观对比
营收规模更大
SHEN
是对方的1.2倍
$74.5M
营收增速更快
AMSC
高出14.1%
7.2%
净利率更高
AMSC
高出163.9%
-5.9%
自由现金流更多
AMSC
多$80.9M
$-78.6M
两年增速更快
AMSC
近两年复合增速
15.0%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $74.5M | $91.6M |
| 净利润 | $117.8M | $-5.4M |
| 毛利率 | 30.7% | — |
| 营业利润率 | 4.5% | -1.0% |
| 净利率 | 158.1% | -5.9% |
| 营收同比 | 21.4% | 7.2% |
| 净利润同比 | 4679.1% | -95.8% |
| 每股收益（稀释后） | $2.62 | $-0.13 |
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AMSCSHEN
| Q4 25 | $74.5M | $91.6M | ||
| Q3 25 | $65.9M | $89.8M | ||
| Q2 25 | $72.4M | $88.6M | ||
| Q1 25 | $66.7M | $87.9M | ||
| Q4 24 | $61.4M | $85.4M | ||
| Q3 24 | $54.5M | $87.6M | ||
| Q2 24 | $40.3M | $85.8M | ||
| Q1 24 | $42.0M | $69.2M |
净利润AMSCSHEN
| Q4 25 | $117.8M | $-5.4M | ||
| Q3 25 | $4.8M | $-9.4M | ||
| Q2 25 | $6.7M | $-9.0M | ||
| Q1 25 | $1.2M | $-9.1M | ||
| Q4 24 | $2.5M | $-2.7M | ||
| Q3 24 | $4.9M | $-5.3M | ||
| Q2 24 | $-2.5M | $-12.9M | ||
| Q1 24 | $-1.6M | $214.7M |
毛利率AMSCSHEN
| Q4 25 | 30.7% | — | ||
| Q3 25 | 31.0% | — | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 26.5% | — | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 28.7% | — | ||
| Q2 24 | 30.3% | — | ||
| Q1 24 | 24.8% | — |
营业利润率AMSCSHEN
| Q4 25 | 4.5% | -1.0% | ||
| Q3 25 | 4.5% | -8.0% | ||
| Q2 25 | 7.8% | -10.3% | ||
| Q1 25 | 2.5% | -6.9% | ||
| Q4 24 | 2.1% | -6.7% | ||
| Q3 24 | -1.4% | -4.8% | ||
| Q2 24 | -8.2% | -18.5% | ||
| Q1 24 | -5.3% | -4.0% |
净利率AMSCSHEN
| Q4 25 | 158.1% | -5.9% | ||
| Q3 25 | 7.2% | -10.5% | ||
| Q2 25 | 9.3% | -10.2% | ||
| Q1 25 | 1.8% | -10.4% | ||
| Q4 24 | 4.0% | -3.2% | ||
| Q3 24 | 9.0% | -6.0% | ||
| Q2 24 | -6.3% | -15.0% | ||
| Q1 24 | -3.8% | 310.0% |
每股收益（稀释后）AMSCSHEN
| Q4 25 | $2.62 | $-0.13 | ||
| Q3 25 | $0.11 | $-0.20 | ||
| Q2 25 | $0.17 | $-0.19 | ||
| Q1 25 | $0.04 | $-0.19 | ||
| Q4 24 | $0.06 | $-0.34 | ||
| Q3 24 | $0.13 | $-0.13 | ||
| Q2 24 | $-0.07 | $-0.24 | ||
| Q1 24 | $-0.03 | $4.25 |
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 | $141.1M | $27.3M |
| 总债务越低越好 | — | $642.4M |
| 股东权益账面价值 | $536.8M | $880.8M |
| 总资产 | $719.5M | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资AMSCSHEN
| Q4 25 | $141.1M | $27.3M | ||
| Q3 25 | $212.9M | $22.6M | ||
| Q2 25 | $207.9M | $29.1M | ||
| Q1 25 | $79.5M | $87.5M | ||
| Q4 24 | $75.2M | $46.3M | ||
| Q3 24 | $72.1M | $43.1M | ||
| Q2 24 | $93.5M | $43.8M | ||
| Q1 24 | $90.5M | $389.7M |
总债务AMSCSHEN
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
股东权益AMSCSHEN
| Q4 25 | $536.8M | $880.8M | ||
| Q3 25 | $342.2M | $892.7M | ||
| Q2 25 | $333.1M | $902.0M | ||
| Q1 25 | $197.1M | $910.5M | ||
| Q4 24 | $192.7M | $918.6M | ||
| Q3 24 | $187.0M | $925.4M | ||
| Q2 24 | $143.3M | $933.1M | ||
| Q1 24 | $144.6M | $871.6M |
总资产AMSCSHEN
| Q4 25 | $719.5M | $1.9B | ||
| Q3 25 | $445.6M | $1.9B | ||
| Q2 25 | $452.8M | $1.8B | ||
| Q1 25 | $310.5M | $1.8B | ||
| Q4 24 | $310.3M | $1.7B | ||
| Q3 24 | $298.4M | $1.7B | ||
| Q2 24 | $240.1M | $1.7B | ||
| Q1 24 | $232.8M | $1.4B |
负债/权益比AMSCSHEN
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $3.2M | $28.8M |
| 自由现金流经营现金流 - 资本支出 | $2.4M | $-78.6M |
| 自由现金流率自由现金流/营收 | 3.2% | -85.8% |
| 资本支出强度资本支出/营收 | 1.2% | 117.2% |
| 现金转化率经营现金流/净利润 | 0.03× | — |
| 过去12个月自由现金流最近4个季度 | $16.0M | $-257.9M |
8季度趋势，按日历期对齐
经营现金流AMSCSHEN
| Q4 25 | $3.2M | $28.8M | ||
| Q3 25 | $6.5M | $30.7M | ||
| Q2 25 | $4.1M | $20.9M | ||
| Q1 25 | $6.3M | $20.5M | ||
| Q4 24 | $5.9M | $20.6M | ||
| Q3 24 | $12.7M | $24.3M | ||
| Q2 24 | $3.4M | $2.5M | ||
| Q1 24 | $2.2M | $15.2M |
自由现金流AMSCSHEN
| Q4 25 | $2.4M | $-78.6M | ||
| Q3 25 | $5.1M | $-51.4M | ||
| Q2 25 | $3.3M | $-65.3M | ||
| Q1 25 | $5.3M | $-62.7M | ||
| Q4 24 | $5.3M | $-72.0M | ||
| Q3 24 | $12.1M | $-51.3M | ||
| Q2 24 | $3.1M | $-78.3M | ||
| Q1 24 | $1.9M | $-54.9M |
自由现金流率AMSCSHEN
| Q4 25 | 3.2% | -85.8% | ||
| Q3 25 | 7.7% | -57.2% | ||
| Q2 25 | 4.6% | -73.7% | ||
| Q1 25 | 7.9% | -71.3% | ||
| Q4 24 | 8.7% | -84.3% | ||
| Q3 24 | 22.3% | -58.5% | ||
| Q2 24 | 7.8% | -91.3% | ||
| Q1 24 | 4.6% | -79.3% |
资本支出强度AMSCSHEN
| Q4 25 | 1.2% | 117.2% | ||
| Q3 25 | 2.1% | 91.4% | ||
| Q2 25 | 1.1% | 97.3% | ||
| Q1 25 | 1.6% | 94.7% | ||
| Q4 24 | 0.9% | 108.4% | ||
| Q3 24 | 1.1% | 86.2% | ||
| Q2 24 | 0.7% | 94.2% | ||
| Q1 24 | 0.7% | 101.2% |
现金转化率AMSCSHEN
| Q4 25 | 0.03× | — | ||
| Q3 25 | 1.37× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 5.22× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 2.60× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
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
AMSC
| Equipment And Systems | $56.0M | 75% |
| Megatran | $14.1M | 19% |
| Comtrafo Industria De Transformadores Eletricos SA | $4.6M | 6% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
