vs
美国铁塔（AMT）与First American Financial Corp（FAF）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First American Financial Corp的1.3倍（$2.7B vs $2.0B），美国铁塔净利率更高（110.1% vs 10.3%，领先99.8%），First American Financial Corp同比增速更快（21.6% vs 6.8%），美国铁塔自由现金流更多（$941.0M vs $324.5M），过去两年First American Financial Corp的营收复合增速更高（19.9% 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。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
AMT vs FAF — 直观对比
营收规模更大
AMT
是对方的1.3倍
$2.0B
营收增速更快
FAF
高出14.8%
6.8%
净利率更高
AMT
高出99.8%
10.3%
自由现金流更多
AMT
多$616.5M
$324.5M
两年增速更快
FAF
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.0B |
| 净利润 | $3.0B | $211.9M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 14.0% |
| 净利率 | 110.1% | 10.3% |
| 营收同比 | 6.8% | 21.6% |
| 净利润同比 | -2.6% | 192.7% |
| 每股收益（稀释后） | — | $2.04 |
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AMTFAF
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.6B |
净利润AMTFAF
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $211.9M | ||
| Q3 25 | $912.6M | $189.6M | ||
| Q2 25 | $380.5M | $146.1M | ||
| Q1 25 | $498.6M | $74.2M | ||
| Q4 24 | $1.2B | $72.4M | ||
| Q3 24 | $-780.4M | $-104.0M | ||
| Q2 24 | $908.4M | $116.0M |
营业利润率AMTFAF
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 14.0% | ||
| Q3 25 | 45.4% | 12.5% | ||
| Q2 25 | 45.6% | 10.6% | ||
| Q1 25 | 48.9% | 6.1% | ||
| Q4 24 | 42.4% | 5.9% | ||
| Q3 24 | 45.2% | -10.3% | ||
| Q2 24 | 45.4% | 9.4% |
净利率AMTFAF
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 10.3% | ||
| Q3 25 | 33.6% | 9.6% | ||
| Q2 25 | 14.5% | 7.9% | ||
| Q1 25 | 19.5% | 4.7% | ||
| Q4 24 | 48.3% | 4.3% | ||
| Q3 24 | -30.9% | -7.4% | ||
| Q2 24 | 35.7% | 7.2% |
每股收益（稀释后）AMTFAF
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $2.04 | ||
| Q3 25 | $1.82 | $1.84 | ||
| Q2 25 | $0.78 | $1.41 | ||
| Q1 25 | $1.04 | $0.71 | ||
| Q4 24 | $2.63 | $0.70 | ||
| Q3 24 | $-1.69 | $-1.00 | ||
| Q2 24 | $1.92 | $1.11 |
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 | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $5.5B |
| 总资产 | — | $16.2B |
| 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AMTFAF
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $2.0B | $2.9B | ||
| Q2 25 | $2.1B | $2.0B | ||
| Q1 25 | $2.1B | $2.0B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.2B | $2.0B |
总债务AMTFAF
| 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AMTFAF
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $5.5B | ||
| Q3 25 | $4.0B | $5.3B | ||
| Q2 25 | $3.7B | $5.1B | ||
| Q1 25 | $3.5B | $5.0B | ||
| Q4 24 | $3.4B | $4.9B | ||
| Q3 24 | $3.6B | $5.1B | ||
| Q2 24 | $3.9B | $4.8B |
总资产AMTFAF
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $16.2B | ||
| Q3 25 | $63.9B | $17.6B | ||
| Q2 25 | $63.8B | $16.3B | ||
| Q1 25 | $62.1B | $15.5B | ||
| Q4 24 | $61.1B | $14.9B | ||
| Q3 24 | $62.8B | $16.6B | ||
| Q2 24 | $65.8B | $15.2B |
负债/权益比AMTFAF
| 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 | — | $369.3M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $324.5M |
| 自由现金流率自由现金流/营收 | 34.4% | 15.8% |
| 资本支出强度资本支出/营收 | 16.8% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 1.74× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $762.5M |
8季度趋势，按日历期对齐
经营现金流AMTFAF
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $369.3M | ||
| Q3 25 | $1.5B | $272.5M | ||
| Q2 25 | $1.3B | $361.8M | ||
| Q1 25 | $1.3B | $-52.8M | ||
| Q4 24 | $5.3B | $324.6M | ||
| Q3 24 | $1.5B | $236.9M | ||
| Q2 24 | $1.3B | $266.7M |
自由现金流AMTFAF
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $324.5M | ||
| Q3 25 | $994.5M | $223.1M | ||
| Q2 25 | $976.9M | $309.4M | ||
| Q1 25 | $963.9M | $-94.5M | ||
| Q4 24 | $3.7B | $266.2M | ||
| Q3 24 | $1.0B | $185.4M | ||
| Q2 24 | $1.0B | $210.0M |
自由现金流率AMTFAF
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 15.8% | ||
| Q3 25 | 36.6% | 11.3% | ||
| Q2 25 | 37.2% | 16.8% | ||
| Q1 25 | 37.6% | -6.0% | ||
| Q4 24 | 145.3% | 15.8% | ||
| Q3 24 | 41.4% | 13.2% | ||
| Q2 24 | 39.8% | 13.0% |
资本支出强度AMTFAF
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 2.2% | ||
| Q3 25 | 17.1% | 2.5% | ||
| Q2 25 | 11.6% | 2.8% | ||
| Q1 25 | 12.9% | 2.6% | ||
| Q4 24 | 62.4% | 3.5% | ||
| Q3 24 | 16.8% | 3.7% | ||
| Q2 24 | 12.8% | 3.5% |
现金转化率AMTFAF
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.74× | ||
| Q3 25 | 1.60× | 1.44× | ||
| Q2 25 | 3.37× | 2.48× | ||
| Q1 25 | 2.60× | -0.71× | ||
| Q4 24 | 4.30× | 4.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | 2.30× |
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
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
