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美国铁塔（AMT）与AMERICAN REALTY INVESTORS INC（ARL）财务数据对比。点击上方公司名可切换其他公司
美国铁塔的季度营收约是AMERICAN REALTY INVESTORS INC的16.9倍（$219.8M vs $13.0M）。美国铁塔净利率更高（380.7% vs 75.2%，领先305.5%）。AMERICAN REALTY INVESTORS INC同比增速更快（8.1% vs 4.5%）。过去两年美国铁塔的营收复合增速更高（12.0% vs 4.6%）
美国铁塔是全球规模最大的房地产投资信托基金（REIT）之一，作为领先的独立多租户通信地产持有、运营及开发商，目前在全球范围内拥有约21.9万个通信站点，为全球通信产业提供可靠的基础设施支持。
原温加顿地产投资者是一家房地产投资信托公司，主要投资于美国南部的购物中心，且项目大多以杂货店作为主力店。该公司在2021年8月被金考地产收购。
AMT vs ARL — 直观对比
营收规模更大
AMT
是对方的16.9倍
$13.0M
营收增速更快
ARL
高出3.6%
4.5%
净利率更高
AMT
高出305.5%
75.2%
两年增速更快
AMT
近两年复合增速
4.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $219.8M | $13.0M |
| 净利润 | $836.8M | $9.8M |
| 毛利率 | — | — |
| 营业利润率 | — | -23.3% |
| 净利率 | 380.7% | 75.2% |
| 营收同比 | 4.5% | 8.1% |
| 净利润同比 | -32.0% | 6175.8% |
| 每股收益（稀释后） | $1.76 | $0.60 |
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AMTARL
| Q4 25 | $219.8M | $13.0M | ||
| Q3 25 | $246.4M | $12.8M | ||
| Q2 25 | $243.7M | $12.2M | ||
| Q1 25 | $226.0M | $12.0M | ||
| Q4 24 | $210.4M | $12.0M | ||
| Q3 24 | $190.4M | $11.6M | ||
| Q2 24 | $198.6M | $11.8M | ||
| Q1 24 | $175.2M | $11.9M |
净利润AMTARL
| Q4 25 | $836.8M | $9.8M | ||
| Q3 25 | $912.6M | $129.0K | ||
| Q2 25 | $380.5M | $2.8M | ||
| Q1 25 | $498.6M | $3.0M | ||
| Q4 24 | $1.2B | $-161.0K | ||
| Q3 24 | $-780.4M | $-17.5M | ||
| Q2 24 | $908.4M | $1.2M | ||
| Q1 24 | $921.7M | $1.8M |
营业利润率AMTARL
| Q4 25 | — | -23.3% | ||
| Q3 25 | — | -12.3% | ||
| Q2 25 | — | -8.3% | ||
| Q1 25 | — | -6.8% | ||
| Q4 24 | — | -14.8% | ||
| Q3 24 | — | -17.8% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | — | -12.7% |
净利率AMTARL
| Q4 25 | 380.7% | 75.2% | ||
| Q3 25 | 370.4% | 1.0% | ||
| Q2 25 | 156.1% | 23.2% | ||
| Q1 25 | 220.6% | 24.7% | ||
| Q4 24 | 584.8% | -1.3% | ||
| Q3 24 | -409.9% | -150.4% | ||
| Q2 24 | 457.4% | 9.9% | ||
| Q1 24 | 526.1% | 14.7% |
每股收益（稀释后）AMTARL
| Q4 25 | $1.76 | $0.60 | ||
| Q3 25 | $1.82 | $0.01 | ||
| Q2 25 | $0.78 | $0.18 | ||
| Q1 25 | $1.04 | $0.18 | ||
| Q4 24 | $2.63 | $-0.01 | ||
| Q3 24 | $-1.69 | $-1.08 | ||
| Q2 24 | $1.92 | $0.07 | ||
| Q1 24 | $1.96 | $0.11 |
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 | $1.5B | $89.1M |
| 总债务越低越好 | $33.8B | $214.4M |
| 股东权益账面价值 | $3.7B | $617.4M |
| 总资产 | $63.2B | $1.1B |
| 负债/权益比越低杠杆越低 | 9.26× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资AMTARL
| Q4 25 | $1.5B | $89.1M | ||
| Q3 25 | $2.0B | $82.8M | ||
| Q2 25 | $2.1B | $73.5M | ||
| Q1 25 | $2.1B | $88.7M | ||
| Q4 24 | $2.0B | $99.7M | ||
| Q3 24 | $2.2B | $131.6M | ||
| Q2 24 | $2.5B | $127.5M | ||
| Q1 24 | $2.4B | $130.9M |
总债务AMTARL
| Q4 25 | $33.8B | $214.4M | ||
| Q3 25 | $34.9B | $227.0M | ||
| Q2 25 | $35.2B | $216.0M | ||
| Q1 25 | $34.0B | $201.7M | ||
| Q4 24 | $32.8B | $185.4M | ||
| Q3 24 | $33.4B | $183.8M | ||
| Q2 24 | $35.6B | $181.0M | ||
| Q1 24 | $36.2B | $181.8M |
股东权益AMTARL
| Q4 25 | $3.7B | $617.4M | ||
| Q3 25 | $4.0B | $607.8M | ||
| Q2 25 | $3.7B | $607.8M | ||
| Q1 25 | $3.5B | $604.9M | ||
| Q4 24 | $3.4B | $601.8M | ||
| Q3 24 | $3.6B | $602.2M | ||
| Q2 24 | $3.9B | $619.9M | ||
| Q1 24 | $4.0B | $618.8M |
总资产AMTARL
| Q4 25 | $63.2B | $1.1B | ||
| Q3 25 | $63.9B | $1.1B | ||
| Q2 25 | $63.8B | $1.1B | ||
| Q1 25 | $62.1B | $1.0B | ||
| Q4 24 | $61.1B | $1.0B | ||
| Q3 24 | $62.8B | $1.0B | ||
| Q2 24 | $65.8B | $1.0B | ||
| Q1 24 | $66.7B | $1.0B |
负债/权益比AMTARL
| Q4 25 | 9.26× | 0.35× | ||
| Q3 25 | 8.82× | 0.37× | ||
| Q2 25 | 9.48× | 0.36× | ||
| Q1 25 | 9.63× | 0.33× | ||
| Q4 24 | 9.70× | 0.31× | ||
| Q3 24 | 9.16× | 0.31× | ||
| Q2 24 | 9.24× | 0.29× | ||
| Q1 24 | 8.94× | 0.29× |
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 | $1.4B | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | $848.3M | — |
| 自由现金流率自由现金流/营收 | 385.9% | — |
| 资本支出强度资本支出/营收 | 263.5% | — |
| 现金转化率经营现金流/净利润 | 1.71× | -0.33× |
| 过去12个月自由现金流最近4个季度 | $3.8B | — |
8季度趋势，按日历期对齐
经营现金流AMTARL
| Q4 25 | $1.4B | $-3.2M | ||
| Q3 25 | $1.5B | $8.0M | ||
| Q2 25 | $1.3B | $-2.9M | ||
| Q1 25 | $1.3B | $-7.4M | ||
| Q4 24 | $1.2B | $-15.8M | ||
| Q3 24 | $1.5B | $13.5M | ||
| Q2 24 | $1.3B | $-503.0K | ||
| Q1 24 | $1.3B | $3.9M |
自由现金流AMTARL
| Q4 25 | $848.3M | — | ||
| Q3 25 | $994.5M | — | ||
| Q2 25 | $976.9M | — | ||
| Q1 25 | $963.9M | — | ||
| Q4 24 | $755.6M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $886.9M | — |
自由现金流率AMTARL
| Q4 25 | 385.9% | — | ||
| Q3 25 | 403.6% | — | ||
| Q2 25 | 400.9% | — | ||
| Q1 25 | 426.5% | — | ||
| Q4 24 | 359.1% | — | ||
| Q3 24 | 548.7% | — | ||
| Q2 24 | 510.2% | — | ||
| Q1 24 | 506.2% | — |
资本支出强度AMTARL
| Q4 25 | 263.5% | — | ||
| Q3 25 | 188.9% | — | ||
| Q2 25 | 125.0% | — | ||
| Q1 25 | 146.5% | — | ||
| Q4 24 | 210.7% | — | ||
| Q3 24 | 223.1% | — | ||
| Q2 24 | 163.7% | — | ||
| Q1 24 | 226.4% | — |
现金转化率AMTARL
| Q4 25 | 1.71× | -0.33× | ||
| Q3 25 | 1.60× | 61.81× | ||
| Q2 25 | 3.37× | -1.03× | ||
| Q1 25 | 2.60× | -2.50× | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | -0.43× | ||
| Q1 24 | 1.39× | 2.21× |
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
AMT
| Other | $82.9M | 38% |
| Non Lease Property Revenue | $72.5M | 33% |
| Services Revenue | $64.4M | 29% |
ARL
暂无分部数据
