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美国铁塔（AMT）与阿特斯（CSIQ）财务数据对比。点击上方公司名可切换其他公司
阿特斯的季度营收约是美国铁塔的1.6倍（$4.5B vs $2.7B），美国铁塔净利率更高（110.1% vs 1.3%，领先108.8%）
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。
阿特斯是全球领先的可再生能源企业，总部位于加拿大安大略省基奇纳。核心业务涵盖光伏组件制造、电池储能解决方案供应，以及大型公用事业级太阳能电站与储能项目的开发，业务布局覆盖全球主要能源市场。
AMT vs CSIQ — 直观对比
营收规模更大
CSIQ
是对方的1.6倍
$2.7B
净利率更高
AMT
高出108.8%
1.3%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.5B |
| 净利润 | $3.0B | $57.6M |
| 毛利率 | — | 17.5% |
| 营业利润率 | 45.3% | 2.2% |
| 净利率 | 110.1% | 1.3% |
| 营收同比 | — | — |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | — |
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AMTCSIQ
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.7B | $4.5B | ||
| Q2 25 | $2.6B | $3.0B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | $5.9B | ||
| Q2 24 | $2.5B | $4.1B |
净利润AMTCSIQ
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | — | ||
| Q3 25 | $912.6M | $57.6M | ||
| Q2 25 | $380.5M | $63.6M | ||
| Q1 25 | $498.6M | $36.2M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $-780.4M | $366.8M | ||
| Q2 24 | $908.4M | $304.4M |
毛利率AMTCSIQ
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 18.7% |
营业利润率AMTCSIQ
| Q1 26 | 45.3% | — | ||
| Q4 25 | 42.4% | — | ||
| Q3 25 | 45.4% | 2.2% | ||
| Q2 25 | 45.6% | 3.3% | ||
| Q1 25 | 48.9% | 3.7% | ||
| Q4 24 | 42.4% | — | ||
| Q3 24 | 45.2% | 7.7% | ||
| Q2 24 | 45.4% | 9.1% |
净利率AMTCSIQ
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | — | ||
| Q3 25 | 33.6% | 1.3% | ||
| Q2 25 | 14.5% | 2.1% | ||
| Q1 25 | 19.5% | 2.7% | ||
| Q4 24 | 48.3% | — | ||
| Q3 24 | -30.9% | 6.2% | ||
| Q2 24 | 35.7% | 7.5% |
每股收益（稀释后）AMTCSIQ
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | — | ||
| Q3 25 | $1.82 | — | ||
| Q2 25 | $0.78 | — | ||
| Q1 25 | $1.04 | — | ||
| Q4 24 | $2.63 | — | ||
| Q3 24 | $-1.69 | — | ||
| Q2 24 | $1.92 | — |
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 | $1.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $3.9B |
| 总资产 | — | $13.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMTCSIQ
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.7B | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.2B | $1.9B | ||
| Q2 24 | $2.2B | $1.9B |
总债务AMTCSIQ
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | — | ||
| Q3 25 | $34.9B | — | ||
| Q2 25 | $35.2B | — | ||
| Q1 25 | $34.0B | — | ||
| Q4 24 | $32.8B | — | ||
| Q3 24 | $33.4B | — | ||
| Q2 24 | $35.6B | — |
股东权益AMTCSIQ
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | — | ||
| Q3 25 | $4.0B | $3.9B | ||
| Q2 25 | $3.7B | $3.9B | ||
| Q1 25 | $3.5B | $3.9B | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.6B | $3.7B | ||
| Q2 24 | $3.9B | $3.7B |
总资产AMTCSIQ
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | — | ||
| Q3 25 | $63.9B | $13.5B | ||
| Q2 25 | $63.8B | $13.5B | ||
| Q1 25 | $62.1B | $13.5B | ||
| Q4 24 | $61.1B | — | ||
| Q3 24 | $62.8B | $11.9B | ||
| Q2 24 | $65.8B | $11.9B |
负债/权益比AMTCSIQ
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | — | ||
| Q3 25 | 8.82× | — | ||
| Q2 25 | 9.48× | — | ||
| Q1 25 | 9.63× | — | ||
| Q4 24 | 9.70× | — | ||
| Q3 24 | 9.16× | — | ||
| Q2 24 | 9.24× | — |
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 | — | $-187.7M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | — |
| 自由现金流率自由现金流/营收 | 34.4% | — |
| 资本支出强度资本支出/营收 | 16.8% | — |
| 现金转化率经营现金流/净利润 | — | -3.26× |
| 过去12个月自由现金流最近4个季度 | $6.7B | — |
8季度趋势，按日历期对齐
经营现金流AMTCSIQ
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | — | ||
| Q3 25 | $1.5B | $-187.7M | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $5.3B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.3B | — |
自由现金流AMTCSIQ
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $994.5M | — | ||
| Q2 25 | $976.9M | — | ||
| Q1 25 | $963.9M | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
自由现金流率AMTCSIQ
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 37.6% | — | ||
| Q4 24 | 145.3% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 39.8% | — |
资本支出强度AMTCSIQ
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | 62.4% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 12.8% | — |
现金转化率AMTCSIQ
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.60× | -3.26× | ||
| Q2 25 | 3.37× | — | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
