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美国铁塔（AMT）与BOSTON OMAHA Corp（BOC）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BOSTON OMAHA Corp的7.4倍（$219.8M vs $29.7M）。美国铁塔净利率更高（380.7% vs -23.1%，领先403.8%）。BOSTON OMAHA Corp同比增速更快（6.4% vs 4.5%）。美国铁塔自由现金流更多（$848.3M vs $-2.5M）。过去两年美国铁塔的营收复合增速更高（12.0% vs 7.8%）
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。
波士顿奥马哈公司是一家上市多元化控股企业，核心业务板块涵盖户外广告、担保保险、住宅地产开发、固定无线宽带服务，主要服务美国市场，通过战略收购与业务有机增长为股东创造长期价值。
AMT vs BOC — 直观对比
营收规模更大
AMT
是对方的7.4倍
$29.7M
营收增速更快
BOC
高出1.9%
4.5%
净利率更高
AMT
高出403.8%
-23.1%
自由现金流更多
AMT
多$850.8M
$-2.5M
两年增速更快
AMT
近两年复合增速
7.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $219.8M | $29.7M |
| 净利润 | $836.8M | $-6.9M |
| 毛利率 | — | 64.0% |
| 营业利润率 | — | -4.2% |
| 净利率 | 380.7% | -23.1% |
| 营收同比 | 4.5% | 6.4% |
| 净利润同比 | -32.0% | -228.1% |
| 每股收益（稀释后） | $1.76 | $-0.23 |
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AMTBOC
| Q4 25 | $219.8M | $29.7M | ||
| Q3 25 | $246.4M | $28.7M | ||
| Q2 25 | $243.7M | $28.2M | ||
| Q1 25 | $226.0M | $27.7M | ||
| Q4 24 | $210.4M | $27.9M | ||
| Q3 24 | $190.4M | $27.7M | ||
| Q2 24 | $198.6M | $27.1M | ||
| Q1 24 | $175.2M | $25.6M |
净利润AMTBOC
| Q4 25 | $836.8M | $-6.9M | ||
| Q3 25 | $912.6M | $-2.6M | ||
| Q2 25 | $380.5M | $-2.3M | ||
| Q1 25 | $498.6M | $-669.3K | ||
| Q4 24 | $1.2B | $5.3M | ||
| Q3 24 | $-780.4M | $-1.6M | ||
| Q2 24 | $908.4M | $-2.2M | ||
| Q1 24 | $921.7M | $-2.8M |
毛利率AMTBOC
| Q4 25 | — | 64.0% | ||
| Q3 25 | — | 66.2% | ||
| Q2 25 | — | 66.1% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 69.5% | ||
| Q3 24 | — | 67.5% | ||
| Q2 24 | — | 68.2% | ||
| Q1 24 | — | 67.9% |
营业利润率AMTBOC
| Q4 25 | — | -4.2% | ||
| Q3 25 | — | -3.7% | ||
| Q2 25 | — | -2.9% | ||
| Q1 25 | — | -2.9% | ||
| Q4 24 | — | -4.6% | ||
| Q3 24 | — | -2.7% | ||
| Q2 24 | — | -16.2% | ||
| Q1 24 | — | -8.1% |
净利率AMTBOC
| Q4 25 | 380.7% | -23.1% | ||
| Q3 25 | 370.4% | -9.0% | ||
| Q2 25 | 156.1% | -8.2% | ||
| Q1 25 | 220.6% | -2.4% | ||
| Q4 24 | 584.8% | 19.1% | ||
| Q3 24 | -409.9% | -5.8% | ||
| Q2 24 | 457.4% | -8.3% | ||
| Q1 24 | 526.1% | -11.0% |
每股收益（稀释后）AMTBOC
| Q4 25 | $1.76 | $-0.23 | ||
| Q3 25 | $1.82 | $-0.08 | ||
| Q2 25 | $0.78 | $-0.07 | ||
| Q1 25 | $1.04 | $-0.02 | ||
| Q4 24 | $2.63 | $0.17 | ||
| Q3 24 | $-1.69 | $-0.05 | ||
| Q2 24 | $1.92 | $-0.07 | ||
| Q1 24 | $1.96 | $-0.09 |
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 | $56.8M |
| 总债务越低越好 | $33.8B | $25.7M |
| 股东权益账面价值 | $3.7B | $516.1M |
| 总资产 | $63.2B | $713.1M |
| 负债/权益比越低杠杆越低 | 9.26× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资AMTBOC
| Q4 25 | $1.5B | $56.8M | ||
| Q3 25 | $2.0B | $67.6M | ||
| Q2 25 | $2.1B | $68.6M | ||
| Q1 25 | $2.1B | $69.2M | ||
| Q4 24 | $2.0B | $73.2M | ||
| Q3 24 | $2.2B | $58.6M | ||
| Q2 24 | $2.5B | $53.1M | ||
| Q1 24 | $2.4B | $53.4M |
总债务AMTBOC
| Q4 25 | $33.8B | $25.7M | ||
| Q3 25 | $34.9B | $25.9M | ||
| Q2 25 | $35.2B | $26.1M | ||
| Q1 25 | $34.0B | $26.3M | ||
| Q4 24 | $32.8B | $26.5M | ||
| Q3 24 | $33.4B | $26.7M | ||
| Q2 24 | $35.6B | $26.9M | ||
| Q1 24 | $36.2B | $27.1M |
股东权益AMTBOC
| Q4 25 | $3.7B | $516.1M | ||
| Q3 25 | $4.0B | $528.4M | ||
| Q2 25 | $3.7B | $531.0M | ||
| Q1 25 | $3.5B | $533.3M | ||
| Q4 24 | $3.4B | $532.8M | ||
| Q3 24 | $3.6B | $527.7M | ||
| Q2 24 | $3.9B | $530.5M | ||
| Q1 24 | $4.0B | $536.2M |
总资产AMTBOC
| Q4 25 | $63.2B | $713.1M | ||
| Q3 25 | $63.9B | $721.4M | ||
| Q2 25 | $63.8B | $730.6M | ||
| Q1 25 | $62.1B | $730.8M | ||
| Q4 24 | $61.1B | $728.3M | ||
| Q3 24 | $62.8B | $711.9M | ||
| Q2 24 | $65.8B | $723.1M | ||
| Q1 24 | $66.7B | $757.3M |
负债/权益比AMTBOC
| Q4 25 | 9.26× | 0.05× | ||
| Q3 25 | 8.82× | 0.05× | ||
| Q2 25 | 9.48× | 0.05× | ||
| Q1 25 | 9.63× | 0.05× | ||
| Q4 24 | 9.70× | 0.05× | ||
| Q3 24 | 9.16× | 0.05× | ||
| Q2 24 | 9.24× | 0.05× | ||
| Q1 24 | 8.94× | 0.05× |
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 | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $848.3M | $-2.5M |
| 自由现金流率自由现金流/营收 | 385.9% | -8.4% |
| 资本支出强度资本支出/营收 | 263.5% | 28.0% |
| 现金转化率经营现金流/净利润 | 1.71× | — |
| 过去12个月自由现金流最近4个季度 | $3.8B | $-10.0M |
8季度趋势，按日历期对齐
经营现金流AMTBOC
| Q4 25 | $1.4B | $5.8M | ||
| Q3 25 | $1.5B | $4.9M | ||
| Q2 25 | $1.3B | $4.6M | ||
| Q1 25 | $1.3B | $2.6M | ||
| Q4 24 | $1.2B | $9.1M | ||
| Q3 24 | $1.5B | $5.2M | ||
| Q2 24 | $1.3B | $4.5M | ||
| Q1 24 | $1.3B | $2.4M |
自由现金流AMTBOC
| Q4 25 | $848.3M | $-2.5M | ||
| Q3 25 | $994.5M | $-489.4K | ||
| Q2 25 | $976.9M | $-2.7M | ||
| Q1 25 | $963.9M | $-4.3M | ||
| Q4 24 | $755.6M | $619.5K | ||
| Q3 24 | $1.0B | $-1.2M | ||
| Q2 24 | $1.0B | $-4.3M | ||
| Q1 24 | $886.9M | $-6.0M |
自由现金流率AMTBOC
| Q4 25 | 385.9% | -8.4% | ||
| Q3 25 | 403.6% | -1.7% | ||
| Q2 25 | 400.9% | -9.7% | ||
| Q1 25 | 426.5% | -15.5% | ||
| Q4 24 | 359.1% | 2.2% | ||
| Q3 24 | 548.7% | -4.4% | ||
| Q2 24 | 510.2% | -15.9% | ||
| Q1 24 | 506.2% | -23.6% |
资本支出强度AMTBOC
| Q4 25 | 263.5% | 28.0% | ||
| Q3 25 | 188.9% | 18.9% | ||
| Q2 25 | 125.0% | 25.9% | ||
| Q1 25 | 146.5% | 24.7% | ||
| Q4 24 | 210.7% | 30.4% | ||
| Q3 24 | 223.1% | 23.2% | ||
| Q2 24 | 163.7% | 32.6% | ||
| Q1 24 | 226.4% | 33.1% |
现金转化率AMTBOC
| Q4 25 | 1.71× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 3.37× | — | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 0.97× | 1.71× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.39× | — |
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% |
BOC
| Billboard Rentals | $11.9M | 40% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $10.0M | 34% |
| GIG | $7.3M | 25% |
| Other | $608.4K | 2% |
