vs
美国铁塔（AMT）与Deckers Brands（DECK）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Deckers Brands的1.4倍（$2.7B vs $2.0B），美国铁塔净利率更高（110.1% vs 24.6%，领先85.5%），Deckers Brands自由现金流更多（$1.0B vs $941.0M），过去两年Deckers Brands的营收复合增速更高（42.8% vs 3.7%）
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。
Deckers Brands是1973年成立的美国鞋履设计与分销企业，总部位于加利福尼亚州戈利塔，由道格·奥托与卡尔·F·洛普克共同创立。公司旗下拥有UGG、Teva、Hoka等全球知名鞋履品牌，产品覆盖休闲、户外等多个领域，销往世界多地。
AMT vs DECK — 直观对比
营收规模更大
AMT
是对方的1.4倍
$2.0B
净利率更高
AMT
高出85.5%
24.6%
自由现金流更多
DECK
多$79.3M
$941.0M
两年增速更快
DECK
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.0B |
| 净利润 | $3.0B | $481.1M |
| 毛利率 | — | 59.8% |
| 营业利润率 | 0.0% | 31.4% |
| 净利率 | 110.1% | 24.6% |
| 营收同比 | — | 7.1% |
| 净利润同比 | — | 5.3% |
| 每股收益（稀释后） | — | $3.33 |
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AMTDECK
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $964.5M | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.5B | $825.3M |
净利润AMTDECK
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $481.1M | ||
| Q3 25 | $912.6M | $268.2M | ||
| Q2 25 | $380.5M | $139.2M | ||
| Q1 25 | $498.6M | $151.4M | ||
| Q4 24 | $1.2B | $456.7M | ||
| Q3 24 | $-780.4M | $242.3M | ||
| Q2 24 | $908.4M | $115.6M |
毛利率AMTDECK
| Q1 26 | — | — | ||
| Q4 25 | — | 59.8% | ||
| Q3 25 | — | 56.2% | ||
| Q2 25 | — | 55.8% | ||
| Q1 25 | — | 56.7% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 55.9% | ||
| Q2 24 | — | 56.9% |
营业利润率AMTDECK
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 31.4% | ||
| Q3 25 | 45.4% | 22.8% | ||
| Q2 25 | 45.6% | 17.1% | ||
| Q1 25 | 48.9% | 17.0% | ||
| Q4 24 | 42.4% | 31.0% | ||
| Q3 24 | 45.2% | 23.3% | ||
| Q2 24 | 45.4% | 16.1% |
净利率AMTDECK
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 24.6% | ||
| Q3 25 | 33.6% | 18.7% | ||
| Q2 25 | 14.5% | 14.4% | ||
| Q1 25 | 19.5% | 14.8% | ||
| Q4 24 | 48.3% | 25.0% | ||
| Q3 24 | -30.9% | 18.5% | ||
| Q2 24 | 35.7% | 14.0% |
每股收益（稀释后）AMTDECK
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $3.33 | ||
| Q3 25 | $1.82 | $1.82 | ||
| Q2 25 | $0.78 | $0.93 | ||
| Q1 25 | $1.04 | $-2.78 | ||
| Q4 24 | $2.63 | $3.00 | ||
| Q3 24 | $-1.69 | $1.59 | ||
| Q2 24 | $1.92 | $4.52 |
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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $2.6B |
| 总资产 | — | $4.1B |
| 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AMTDECK
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.0B | $2.2B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.4B |
总债务AMTDECK
| 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AMTDECK
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $2.6B | ||
| Q3 25 | $4.0B | $2.5B | ||
| Q2 25 | $3.7B | $2.5B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.4B | $2.6B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.9B | $2.1B |
总资产AMTDECK
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $4.1B | ||
| Q3 25 | $63.9B | $3.8B | ||
| Q2 25 | $63.8B | $3.8B | ||
| Q1 25 | $62.1B | $3.6B | ||
| Q4 24 | $61.1B | $4.0B | ||
| Q3 24 | $62.8B | $3.4B | ||
| Q2 24 | $65.8B | $3.3B |
负债/权益比AMTDECK
| 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 | — | $1.0B |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $1.0B |
| 自由现金流率自由现金流/营收 | 34.4% | 52.1% |
| 资本支出强度资本支出/营收 | 16.8% | 1.1% |
| 现金转化率经营现金流/净利润 | — | 2.17× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $929.1M |
8季度趋势，按日历期对齐
经营现金流AMTDECK
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $1.0B | ||
| Q3 25 | $1.5B | $8.1M | ||
| Q2 25 | $1.3B | $36.1M | ||
| Q1 25 | $1.3B | $-73.0M | ||
| Q4 24 | $5.3B | $1.1B | ||
| Q3 24 | $1.5B | $-90.5M | ||
| Q2 24 | $1.3B | $112.7M |
自由现金流AMTDECK
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $1.0B | ||
| Q3 25 | $994.5M | $-13.9M | ||
| Q2 25 | $976.9M | $12.2M | ||
| Q1 25 | $963.9M | $-89.4M | ||
| Q4 24 | $3.7B | $1.1B | ||
| Q3 24 | $1.0B | $-113.4M | ||
| Q2 24 | $1.0B | $90.1M |
自由现金流率AMTDECK
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 52.1% | ||
| Q3 25 | 36.6% | -1.0% | ||
| Q2 25 | 37.2% | 1.3% | ||
| Q1 25 | 37.6% | -8.8% | ||
| Q4 24 | 145.3% | 58.6% | ||
| Q3 24 | 41.4% | -8.6% | ||
| Q2 24 | 39.8% | 10.9% |
资本支出强度AMTDECK
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 1.1% | ||
| Q3 25 | 17.1% | 1.5% | ||
| Q2 25 | 11.6% | 2.5% | ||
| Q1 25 | 12.9% | 1.6% | ||
| Q4 24 | 62.4% | 1.3% | ||
| Q3 24 | 16.8% | 1.7% | ||
| Q2 24 | 12.8% | 2.7% |
现金转化率AMTDECK
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 2.17× | ||
| Q3 25 | 1.60× | 0.03× | ||
| Q2 25 | 3.37× | 0.26× | ||
| Q1 25 | 2.60× | -0.48× | ||
| Q4 24 | 4.30× | 2.40× | ||
| Q3 24 | — | -0.37× | ||
| Q2 24 | 1.47× | 0.97× |
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
暂无分部数据
DECK
| UGG Brand Segment | $1.3B | 67% |
| Hoka Brand Segment | $628.9M | 32% |
| Other Brands Segment | $23.2M | 1% |
