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美国铁塔（AMT）与Burlington Stores, Inc.（BURL）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Burlington Stores, Inc.的1.0倍（$2.7B vs $2.7B），美国铁塔净利率更高（110.1% vs 3.9%，领先106.2%），Burlington Stores, Inc.同比增速更快（7.1% vs 6.8%），美国铁塔自由现金流更多（$941.0M vs $-109.6M），过去两年美国铁塔的营收复合增速更高（3.7% vs -6.9%）
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。
伯灵顿百货（前身为伯灵顿大衣厂）是美国知名全国性折扣零售商，在全美46个州及波多黎各拥有超过1138家门店，总部位于新泽西州伯灵顿镇。2007年公司被贝恩资本收购，2008年汤姆·金斯伯里出任总裁兼首席执行官，2013年重新上市，现为美国第三大折扣零售企业。
AMT vs BURL — 直观对比
营收规模更大
AMT
是对方的1.0倍
$2.7B
营收增速更快
BURL
高出0.3%
6.8%
净利率更高
AMT
高出106.2%
3.9%
自由现金流更多
AMT
多$1.1B
$-109.6M
两年增速更快
AMT
近两年复合增速
-6.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.7B |
| 净利润 | $3.0B | $104.8M |
| 毛利率 | — | 44.2% |
| 营业利润率 | 0.0% | 5.1% |
| 净利率 | 110.1% | 3.9% |
| 营收同比 | 6.8% | 7.1% |
| 净利润同比 | -2.6% | 15.6% |
| 每股收益（稀释后） | — | $1.63 |
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AMTBURL
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.7B | $2.7B | ||
| Q2 25 | $2.6B | $2.5B | ||
| Q1 25 | $2.6B | $3.3B | ||
| Q4 24 | $2.5B | $2.5B | ||
| Q3 24 | $2.5B | $2.5B | ||
| Q2 24 | $2.5B | $2.4B |
净利润AMTBURL
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $104.8M | ||
| Q3 25 | $912.6M | $94.2M | ||
| Q2 25 | $380.5M | $100.8M | ||
| Q1 25 | $498.6M | $260.8M | ||
| Q4 24 | $1.2B | $90.6M | ||
| Q3 24 | $-780.4M | $73.8M | ||
| Q2 24 | $908.4M | $78.5M |
毛利率AMTBURL
| Q1 26 | — | — | ||
| Q4 25 | — | 44.2% | ||
| Q3 25 | — | 43.7% | ||
| Q2 25 | — | 43.8% | ||
| Q1 25 | — | 42.9% | ||
| Q4 24 | — | 43.9% | ||
| Q3 24 | — | 42.8% | ||
| Q2 24 | — | 43.5% |
营业利润率AMTBURL
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 5.1% | ||
| Q3 25 | 45.4% | 4.7% | ||
| Q2 25 | 45.6% | 5.3% | ||
| Q1 25 | 48.9% | 10.6% | ||
| Q4 24 | 42.4% | 4.7% | ||
| Q3 24 | 45.2% | 4.0% | ||
| Q2 24 | 45.4% | 4.7% |
净利率AMTBURL
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 3.9% | ||
| Q3 25 | 33.6% | 3.5% | ||
| Q2 25 | 14.5% | 4.0% | ||
| Q1 25 | 19.5% | 8.0% | ||
| Q4 24 | 48.3% | 3.6% | ||
| Q3 24 | -30.9% | 3.0% | ||
| Q2 24 | 35.7% | 3.3% |
每股收益（稀释后）AMTBURL
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $1.63 | ||
| Q3 25 | $1.82 | $1.47 | ||
| Q2 25 | $0.78 | $1.58 | ||
| Q1 25 | $1.04 | $4.03 | ||
| Q4 24 | $2.63 | $1.40 | ||
| Q3 24 | $-1.69 | $1.15 | ||
| Q2 24 | $1.92 | $1.22 |
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 | $1.6B | $584.1M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $10.2B | $1.5B |
| 总资产 | — | $9.6B |
| 负债/权益比越低杠杆越低 | — | 1.32× |
8季度趋势，按日历期对齐
现金及短期投资AMTBURL
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $584.1M | ||
| Q3 25 | $2.0B | $747.6M | ||
| Q2 25 | $2.1B | $371.1M | ||
| Q1 25 | $2.1B | $994.7M | ||
| Q4 24 | $2.0B | $857.8M | ||
| Q3 24 | $2.2B | $659.9M | ||
| Q2 24 | $2.2B | $742.3M |
总债务AMTBURL
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $2.0B | ||
| Q3 25 | $34.9B | $2.0B | ||
| Q2 25 | $35.2B | $1.6B | ||
| Q1 25 | $34.0B | $1.5B | ||
| Q4 24 | $32.8B | $1.5B | ||
| Q3 24 | $33.4B | $1.2B | ||
| Q2 24 | $35.6B | $1.2B |
股东权益AMTBURL
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $4.0B | $1.4B | ||
| Q2 25 | $3.7B | $1.4B | ||
| Q1 25 | $3.5B | $1.4B | ||
| Q4 24 | $3.4B | $1.1B | ||
| Q3 24 | $3.6B | $1.1B | ||
| Q2 24 | $3.9B | $1.0B |
总资产AMTBURL
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $9.6B | ||
| Q3 25 | $63.9B | $9.3B | ||
| Q2 25 | $63.8B | $8.5B | ||
| Q1 25 | $62.1B | $8.8B | ||
| Q4 24 | $61.1B | $8.4B | ||
| Q3 24 | $62.8B | $7.8B | ||
| Q2 24 | $65.8B | $7.7B |
负债/权益比AMTBURL
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 1.32× | ||
| Q3 25 | 8.82× | 1.40× | ||
| Q2 25 | 9.48× | 1.21× | ||
| Q1 25 | 9.63× | 1.12× | ||
| Q4 24 | 9.70× | 1.35× | ||
| Q3 24 | 9.16× | 1.15× | ||
| Q2 24 | 9.24× | 1.20× |
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 | — | $143.3M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $-109.6M |
| 自由现金流率自由现金流/营收 | 34.4% | -4.1% |
| 资本支出强度资本支出/营收 | 16.8% | 9.3% |
| 现金转化率经营现金流/净利润 | — | 1.37× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $-358.5M |
8季度趋势，按日历期对齐
经营现金流AMTBURL
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $143.3M | ||
| Q3 25 | $1.5B | $179.4M | ||
| Q2 25 | $1.3B | $-28.9M | ||
| Q1 25 | $1.3B | $543.2M | ||
| Q4 24 | $5.3B | $110.4M | ||
| Q3 24 | $1.5B | $160.4M | ||
| Q2 24 | $1.3B | $49.4M |
自由现金流AMTBURL
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $-109.6M | ||
| Q3 25 | $994.5M | $-101.0K | ||
| Q2 25 | $976.9M | $-438.6M | ||
| Q1 25 | $963.9M | $189.8M | ||
| Q4 24 | $3.7B | $-56.2M | ||
| Q3 24 | $1.0B | $-35.2M | ||
| Q2 24 | $1.0B | $-115.5M |
自由现金流率AMTBURL
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | -4.1% | ||
| Q3 25 | 36.6% | -0.0% | ||
| Q2 25 | 37.2% | -17.5% | ||
| Q1 25 | 37.6% | 5.8% | ||
| Q4 24 | 145.3% | -2.2% | ||
| Q3 24 | 41.4% | -1.4% | ||
| Q2 24 | 39.8% | -4.9% |
资本支出强度AMTBURL
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 9.3% | ||
| Q3 25 | 17.1% | 6.6% | ||
| Q2 25 | 11.6% | 16.4% | ||
| Q1 25 | 12.9% | 10.8% | ||
| Q4 24 | 62.4% | 6.6% | ||
| Q3 24 | 16.8% | 7.9% | ||
| Q2 24 | 12.8% | 7.0% |
现金转化率AMTBURL
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.37× | ||
| Q3 25 | 1.60× | 1.91× | ||
| Q2 25 | 3.37× | -0.29× | ||
| Q1 25 | 2.60× | 2.08× | ||
| Q4 24 | 4.30× | 1.22× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 1.47× | 0.63× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
