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美国铁塔（AMT）与Dollar Tree（DLTR）财务数据对比。点击上方公司名可切换其他公司
Dollar Tree的季度营收约是美国铁塔的1.7倍（$4.7B vs $2.7B），美国铁塔净利率更高（110.1% vs 5.2%，领先105.0%），美国铁塔同比增速更快（6.8% vs -37.2%），美国铁塔自由现金流更多（$941.0M vs $-57.1M），过去两年美国铁塔的营收复合增速更高（3.7% vs -25.9%）
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。
Dollar Tree是美国多价位折扣百货连锁企业，位列《财富》500强，总部位于弗吉尼亚州切萨皮克。公司在美国本土48个毗连州及加拿大共运营15115家门店，旗下24个配送中心组成的全国物流网络为所有门店提供运营支持。
AMT vs DLTR — 直观对比
营收规模更大
DLTR
是对方的1.7倍
$2.7B
营收增速更快
AMT
高出44.0%
-37.2%
净利率更高
AMT
高出105.0%
5.2%
自由现金流更多
AMT
多$998.1M
$-57.1M
两年增速更快
AMT
近两年复合增速
-25.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.7B |
| 净利润 | $3.0B | $244.6M |
| 毛利率 | — | 35.8% |
| 营业利润率 | 0.0% | 7.2% |
| 净利率 | 110.1% | 5.2% |
| 营收同比 | 6.8% | -37.2% |
| 净利润同比 | -2.6% | 4.8% |
| 每股收益（稀释后） | — | $1.20 |
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AMTDLTR
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $4.7B | ||
| Q3 25 | $2.7B | $4.6B | ||
| Q2 25 | $2.6B | $4.6B | ||
| Q1 25 | $2.6B | $5.0B | ||
| Q4 24 | $2.5B | $7.6B | ||
| Q3 24 | $2.5B | $7.4B | ||
| Q2 24 | $2.5B | $7.6B |
净利润AMTDLTR
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $244.6M | ||
| Q3 25 | $912.6M | $188.4M | ||
| Q2 25 | $380.5M | $343.4M | ||
| Q1 25 | $498.6M | $-3.7B | ||
| Q4 24 | $1.2B | $233.3M | ||
| Q3 24 | $-780.4M | $132.4M | ||
| Q2 24 | $908.4M | $300.1M |
毛利率AMTDLTR
| Q1 26 | — | — | ||
| Q4 25 | — | 35.8% | ||
| Q3 25 | — | 34.4% | ||
| Q2 25 | — | 35.6% | ||
| Q1 25 | — | 37.6% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | 30.0% | ||
| Q2 24 | — | 30.8% |
营业利润率AMTDLTR
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 7.2% | ||
| Q3 25 | 45.4% | 5.1% | ||
| Q2 25 | 45.6% | 8.3% | ||
| Q1 25 | 48.9% | — | ||
| Q4 24 | 42.4% | 4.4% | ||
| Q3 24 | 45.2% | 2.8% | ||
| Q2 24 | 45.4% | 5.5% |
净利率AMTDLTR
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 5.2% | ||
| Q3 25 | 33.6% | 4.1% | ||
| Q2 25 | 14.5% | 7.4% | ||
| Q1 25 | 19.5% | -74.0% | ||
| Q4 24 | 48.3% | 3.1% | ||
| Q3 24 | -30.9% | 1.8% | ||
| Q2 24 | 35.7% | 3.9% |
每股收益（稀释后）AMTDLTR
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $1.20 | ||
| Q3 25 | $1.82 | $0.91 | ||
| Q2 25 | $0.78 | $1.61 | ||
| Q1 25 | $1.04 | $-17.17 | ||
| Q4 24 | $2.63 | $1.08 | ||
| Q3 24 | $-1.69 | $0.62 | ||
| Q2 24 | $1.92 | $1.38 |
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 | $594.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $3.5B |
| 总资产 | — | $13.7B |
| 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AMTDLTR
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $594.8M | ||
| Q3 25 | $2.0B | $666.3M | ||
| Q2 25 | $2.1B | $1.0B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $697.6M | ||
| Q3 24 | $2.2B | $570.3M | ||
| Q2 24 | $2.2B | $618.5M |
总债务AMTDLTR
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | — | ||
| Q3 25 | $34.9B | — | ||
| Q2 25 | $35.2B | — | ||
| Q1 25 | $34.0B | $3.4B | ||
| Q4 24 | $32.8B | — | ||
| Q3 24 | $33.4B | — | ||
| Q2 24 | $35.6B | — |
股东权益AMTDLTR
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $3.5B | ||
| Q3 25 | $4.0B | $3.6B | ||
| Q2 25 | $3.7B | $3.9B | ||
| Q1 25 | $3.5B | $4.0B | ||
| Q4 24 | $3.4B | $7.6B | ||
| Q3 24 | $3.6B | $7.4B | ||
| Q2 24 | $3.9B | $7.3B |
总资产AMTDLTR
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $13.7B | ||
| Q3 25 | $63.9B | $13.4B | ||
| Q2 25 | $63.8B | $18.3B | ||
| Q1 25 | $62.1B | $18.6B | ||
| Q4 24 | $61.1B | $23.3B | ||
| Q3 24 | $62.8B | $22.6B | ||
| Q2 24 | $65.8B | $22.1B |
负债/权益比AMTDLTR
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | — | ||
| Q3 25 | 8.82× | — | ||
| Q2 25 | 9.48× | — | ||
| Q1 25 | 9.63× | 0.86× | ||
| 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 | — | $319.3M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $-57.1M |
| 自由现金流率自由现金流/营收 | 34.4% | -1.2% |
| 资本支出强度资本支出/营收 | 16.8% | 7.9% |
| 现金转化率经营现金流/净利润 | — | 1.31× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $394.5M |
8季度趋势，按日历期对齐
经营现金流AMTDLTR
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $319.3M | ||
| Q3 25 | $1.5B | $260.7M | ||
| Q2 25 | $1.3B | $378.5M | ||
| Q1 25 | $1.3B | $405.1M | ||
| Q4 24 | $5.3B | $785.6M | ||
| Q3 24 | $1.5B | $306.9M | ||
| Q2 24 | $1.3B | $695.7M |
自由现金流AMTDLTR
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $-57.1M | ||
| Q3 25 | $994.5M | $15.6M | ||
| Q2 25 | $976.9M | $129.7M | ||
| Q1 25 | $963.9M | $306.3M | ||
| Q4 24 | $3.7B | $359.2M | ||
| Q3 24 | $1.0B | $-193.8M | ||
| Q2 24 | $1.0B | $223.5M |
自由现金流率AMTDLTR
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | -1.2% | ||
| Q3 25 | 36.6% | 0.3% | ||
| Q2 25 | 37.2% | 2.8% | ||
| Q1 25 | 37.6% | 6.1% | ||
| Q4 24 | 145.3% | 4.8% | ||
| Q3 24 | 41.4% | -2.6% | ||
| Q2 24 | 39.8% | 2.9% |
资本支出强度AMTDLTR
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 7.9% | ||
| Q3 25 | 17.1% | 5.4% | ||
| Q2 25 | 11.6% | 5.4% | ||
| Q1 25 | 12.9% | 2.0% | ||
| Q4 24 | 62.4% | 5.6% | ||
| Q3 24 | 16.8% | 6.8% | ||
| Q2 24 | 12.8% | 6.2% |
现金转化率AMTDLTR
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.31× | ||
| Q3 25 | 1.60× | 1.38× | ||
| Q2 25 | 3.37× | 1.10× | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 4.30× | 3.37× | ||
| Q3 24 | — | 2.32× | ||
| Q2 24 | 1.47× | 2.32× |
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
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
