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美国铁塔（AMT）与DILLARD'S, INC.（DDS）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DILLARD'S, INC.的1.9倍（$2.7B vs $1.5B），美国铁塔净利率更高（110.1% vs 8.8%，领先101.3%），美国铁塔同比增速更快（6.8% vs 2.9%），美国铁塔自由现金流更多（$941.0M vs $156.2M），过去两年美国铁塔的营收复合增速更高（3.7% vs -16.9%）
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。
Dillard's, Inc.是美国知名连锁百货企业，1938年由威廉·T·迪拉德创立，总部位于阿肯色州小石城，目前在全美30个州运营约272家门店，其中得克萨斯州、佛罗里达州分别设有57家、42家门店，为其门店数量最多的两个区域。
AMT vs DDS — 直观对比
营收规模更大
AMT
是对方的1.9倍
$1.5B
营收增速更快
AMT
高出3.9%
2.9%
净利率更高
AMT
高出101.3%
8.8%
自由现金流更多
AMT
多$784.8M
$156.2M
两年增速更快
AMT
近两年复合增速
-16.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.5B |
| 净利润 | $3.0B | $129.8M |
| 毛利率 | — | 43.4% |
| 营业利润率 | 0.0% | 11.5% |
| 净利率 | 110.1% | 8.8% |
| 营收同比 | 6.8% | 2.9% |
| 净利润同比 | -2.6% | 4.2% |
| 每股收益（稀释后） | — | $8.31 |
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AMTDDS
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.6B | $1.5B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $2.5B | $1.5B |
净利润AMTDDS
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $129.8M | ||
| Q3 25 | $912.6M | $72.8M | ||
| Q2 25 | $380.5M | $163.8M | ||
| Q1 25 | $498.6M | $214.4M | ||
| Q4 24 | $1.2B | $124.6M | ||
| Q3 24 | $-780.4M | $74.5M | ||
| Q2 24 | $908.4M | $180.0M |
毛利率AMTDDS
| Q1 26 | — | — | ||
| Q4 25 | — | 43.4% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 43.9% | ||
| Q1 25 | — | 34.9% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 37.6% | ||
| Q2 24 | — | 44.6% |
营业利润率AMTDDS
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 11.5% | ||
| Q3 25 | 45.4% | 6.2% | ||
| Q2 25 | 45.6% | 14.0% | ||
| Q1 25 | 48.9% | 11.7% | ||
| Q4 24 | 42.4% | 11.4% | ||
| Q3 24 | 45.2% | 6.5% | ||
| Q2 24 | 45.4% | 15.2% |
净利率AMTDDS
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 8.8% | ||
| Q3 25 | 33.6% | 4.8% | ||
| Q2 25 | 14.5% | 10.7% | ||
| Q1 25 | 19.5% | 10.6% | ||
| Q4 24 | 48.3% | 8.7% | ||
| Q3 24 | -30.9% | 5.0% | ||
| Q2 24 | 35.7% | 11.6% |
每股收益（稀释后）AMTDDS
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $8.31 | ||
| Q3 25 | $1.82 | $4.66 | ||
| Q2 25 | $0.78 | $10.39 | ||
| Q1 25 | $1.04 | $13.41 | ||
| Q4 24 | $2.63 | $7.73 | ||
| Q3 24 | $-1.69 | $4.59 | ||
| Q2 24 | $1.92 | $11.09 |
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 | $1.6B | $1.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $2.0B |
| 总资产 | — | $4.3B |
| 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AMTDDS
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $2.0B | $1.0B | ||
| Q2 25 | $2.1B | $900.5M | ||
| Q1 25 | $2.1B | $717.9M | ||
| Q4 24 | $2.0B | $980.4M | ||
| Q3 24 | $2.2B | $946.7M | ||
| Q2 24 | $2.2B | $817.8M |
总债务AMTDDS
| 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AMTDDS
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $2.0B | ||
| Q3 25 | $4.0B | $1.9B | ||
| Q2 25 | $3.7B | $1.9B | ||
| Q1 25 | $3.5B | $1.8B | ||
| Q4 24 | $3.4B | $2.0B | ||
| Q3 24 | $3.6B | $1.9B | ||
| Q2 24 | $3.9B | $1.9B |
总资产AMTDDS
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $4.3B | ||
| Q3 25 | $63.9B | $3.7B | ||
| Q2 25 | $63.8B | $3.9B | ||
| Q1 25 | $62.1B | $3.5B | ||
| Q4 24 | $61.1B | $4.1B | ||
| Q3 24 | $62.8B | $3.7B | ||
| Q2 24 | $65.8B | $3.9B |
负债/权益比AMTDDS
| 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 | — | $186.5M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $156.2M |
| 自由现金流率自由现金流/营收 | 34.4% | 10.6% |
| 资本支出强度资本支出/营收 | 16.8% | 2.1% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $781.3M |
8季度趋势，按日历期对齐
经营现金流AMTDDS
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $186.5M | ||
| Q3 25 | $1.5B | $86.8M | ||
| Q2 25 | $1.3B | $232.6M | ||
| Q1 25 | $1.3B | $364.7M | ||
| Q4 24 | $5.3B | $173.5M | ||
| Q3 24 | $1.5B | $-68.4M | ||
| Q2 24 | $1.3B | $244.4M |
自由现金流AMTDDS
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $156.2M | ||
| Q3 25 | $994.5M | $60.1M | ||
| Q2 25 | $976.9M | $215.8M | ||
| Q1 25 | $963.9M | $349.3M | ||
| Q4 24 | $3.7B | $145.4M | ||
| Q3 24 | $1.0B | $-94.3M | ||
| Q2 24 | $1.0B | $209.2M |
自由现金流率AMTDDS
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 10.6% | ||
| Q3 25 | 36.6% | 4.0% | ||
| Q2 25 | 37.2% | 14.1% | ||
| Q1 25 | 37.6% | 17.3% | ||
| Q4 24 | 145.3% | 10.2% | ||
| Q3 24 | 41.4% | -6.3% | ||
| Q2 24 | 39.8% | 13.5% |
资本支出强度AMTDDS
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 2.1% | ||
| Q3 25 | 17.1% | 1.8% | ||
| Q2 25 | 11.6% | 1.1% | ||
| Q1 25 | 12.9% | 0.8% | ||
| Q4 24 | 62.4% | 2.0% | ||
| Q3 24 | 16.8% | 1.7% | ||
| Q2 24 | 12.8% | 2.3% |
现金转化率AMTDDS
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.44× | ||
| Q3 25 | 1.60× | 1.19× | ||
| Q2 25 | 3.37× | 1.42× | ||
| Q1 25 | 2.60× | 1.70× | ||
| Q4 24 | 4.30× | 1.39× | ||
| Q3 24 | — | -0.92× | ||
| Q2 24 | 1.47× | 1.36× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
