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美国铁塔（AMT）与Fastenal（FAST）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Fastenal的1.4倍（$2.7B vs $2.0B），美国铁塔净利率更高（110.1% vs 14.5%，领先95.6%），美国铁塔同比增速更快（6.8% vs 3.5%），美国铁塔自由现金流更多（$941.0M vs $308.2M），过去两年美国铁塔的营收复合增速更高（3.7% vs 2.9%）
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。
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
AMT vs FAST — 直观对比
营收规模更大
AMT
是对方的1.4倍
$2.0B
营收增速更快
AMT
高出3.3%
3.5%
净利率更高
AMT
高出95.6%
14.5%
自由现金流更多
AMT
多$632.8M
$308.2M
两年增速更快
AMT
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.0B |
| 净利润 | $3.0B | $293.9M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 0.0% | 18.9% |
| 净利率 | 110.1% | 14.5% |
| 营收同比 | 6.8% | 3.5% |
| 净利润同比 | -2.6% | -1.6% |
| 每股收益（稀释后） | — | $-0.01 |
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AMTFAST
| Q1 26 | $2.7B | $2.0B | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.6B | $2.0B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.5B | $1.9B | ||
| Q2 24 | $2.5B | $1.9B |
净利润AMTFAST
| Q1 26 | $3.0B | $293.9M | ||
| Q4 25 | $836.8M | $293.9M | ||
| Q3 25 | $912.6M | $335.5M | ||
| Q2 25 | $380.5M | $330.3M | ||
| Q1 25 | $498.6M | $298.7M | ||
| Q4 24 | $1.2B | $262.1M | ||
| Q3 24 | $-780.4M | $298.1M | ||
| Q2 24 | $908.4M | $292.7M |
毛利率AMTFAST
| Q1 26 | — | 44.3% | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 45.3% | ||
| Q2 25 | — | 45.3% | ||
| Q1 25 | — | 45.1% | ||
| Q4 24 | — | 44.8% | ||
| Q3 24 | — | 44.9% | ||
| Q2 24 | — | 45.1% |
营业利润率AMTFAST
| Q1 26 | 0.0% | 18.9% | ||
| Q4 25 | 42.4% | 18.9% | ||
| Q3 25 | 45.4% | 20.7% | ||
| Q2 25 | 45.6% | 21.0% | ||
| Q1 25 | 48.9% | 20.1% | ||
| Q4 24 | 42.4% | 18.9% | ||
| Q3 24 | 45.2% | 20.3% | ||
| Q2 24 | 45.4% | 20.2% |
净利率AMTFAST
| Q1 26 | 110.1% | 14.5% | ||
| Q4 25 | 30.6% | 14.5% | ||
| Q3 25 | 33.6% | 15.7% | ||
| Q2 25 | 14.5% | 15.9% | ||
| Q1 25 | 19.5% | 15.2% | ||
| Q4 24 | 48.3% | 14.4% | ||
| Q3 24 | -30.9% | 15.6% | ||
| Q2 24 | 35.7% | 15.3% |
每股收益（稀释后）AMTFAST
| Q1 26 | — | $-0.01 | ||
| Q4 25 | $1.76 | $-0.01 | ||
| Q3 25 | $1.82 | $0.29 | ||
| Q2 25 | $0.78 | $0.29 | ||
| Q1 25 | $1.04 | $0.52 | ||
| Q4 24 | $2.63 | $0.45 | ||
| Q3 24 | $-1.69 | $0.52 | ||
| Q2 24 | $1.92 | $0.51 |
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 | $276.8M |
| 总债务越低越好 | — | $125.0M |
| 股东权益账面价值 | $10.2B | $3.9B |
| 总资产 | — | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资AMTFAST
| Q1 26 | $1.6B | $276.8M | ||
| Q4 25 | $1.5B | $276.8M | ||
| Q3 25 | $2.0B | $288.1M | ||
| Q2 25 | $2.1B | $237.8M | ||
| Q1 25 | $2.1B | $231.8M | ||
| Q4 24 | $2.0B | $255.8M | ||
| Q3 24 | $2.2B | $292.2M | ||
| Q2 24 | $2.2B | $255.5M |
总债务AMTFAST
| Q1 26 | — | $125.0M | ||
| Q4 25 | $33.8B | $125.0M | ||
| Q3 25 | $34.9B | $195.0M | ||
| Q2 25 | $35.2B | $230.0M | ||
| Q1 25 | $34.0B | $200.0M | ||
| Q4 24 | $32.8B | $200.0M | ||
| Q3 24 | $33.4B | $240.0M | ||
| Q2 24 | $35.6B | $235.0M |
股东权益AMTFAST
| Q1 26 | $10.2B | $3.9B | ||
| Q4 25 | $3.7B | $3.9B | ||
| Q3 25 | $4.0B | $3.9B | ||
| Q2 25 | $3.7B | $3.8B | ||
| Q1 25 | $3.5B | $3.7B | ||
| Q4 24 | $3.4B | $3.6B | ||
| Q3 24 | $3.6B | $3.6B | ||
| Q2 24 | $3.9B | $3.5B |
总资产AMTFAST
| Q1 26 | — | $5.1B | ||
| Q4 25 | $63.2B | $5.1B | ||
| Q3 25 | $63.9B | $5.1B | ||
| Q2 25 | $63.8B | $5.0B | ||
| Q1 25 | $62.1B | $4.9B | ||
| Q4 24 | $61.1B | $4.7B | ||
| Q3 24 | $62.8B | $4.7B | ||
| Q2 24 | $65.8B | $4.6B |
负债/权益比AMTFAST
| Q1 26 | — | 0.03× | ||
| Q4 25 | 9.26× | 0.03× | ||
| Q3 25 | 8.82× | 0.05× | ||
| Q2 25 | 9.48× | 0.06× | ||
| Q1 25 | 9.63× | 0.05× | ||
| Q4 24 | 9.70× | 0.06× | ||
| Q3 24 | 9.16× | 0.07× | ||
| Q2 24 | 9.24× | 0.07× |
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 | — | $368.2M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $308.2M |
| 自由现金流率自由现金流/营收 | 34.4% | 15.2% |
| 资本支出强度资本支出/营收 | 16.8% | 3.0% |
| 现金转化率经营现金流/净利润 | — | 1.25× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $1.2B |
8季度趋势，按日历期对齐
经营现金流AMTFAST
| Q1 26 | — | $368.2M | ||
| Q4 25 | $5.5B | $368.2M | ||
| Q3 25 | $1.5B | $386.9M | ||
| Q2 25 | $1.3B | $278.6M | ||
| Q1 25 | $1.3B | $262.2M | ||
| Q4 24 | $5.3B | $282.8M | ||
| Q3 24 | $1.5B | $296.9M | ||
| Q2 24 | $1.3B | $258.0M |
自由现金流AMTFAST
| Q1 26 | $941.0M | $308.2M | ||
| Q4 25 | $3.8B | $308.2M | ||
| Q3 25 | $994.5M | $326.6M | ||
| Q2 25 | $976.9M | $209.3M | ||
| Q1 25 | $963.9M | $206.5M | ||
| Q4 24 | $3.7B | $222.6M | ||
| Q3 24 | $1.0B | $237.5M | ||
| Q2 24 | $1.0B | $201.9M |
自由现金流率AMTFAST
| Q1 26 | 34.4% | 15.2% | ||
| Q4 25 | 138.2% | 15.2% | ||
| Q3 25 | 36.6% | 15.3% | ||
| Q2 25 | 37.2% | 10.1% | ||
| Q1 25 | 37.6% | 10.5% | ||
| Q4 24 | 145.3% | 12.2% | ||
| Q3 24 | 41.4% | 12.4% | ||
| Q2 24 | 39.8% | 10.5% |
资本支出强度AMTFAST
| Q1 26 | 16.8% | 3.0% | ||
| Q4 25 | 61.4% | 3.0% | ||
| Q3 25 | 17.1% | 2.8% | ||
| Q2 25 | 11.6% | 3.3% | ||
| Q1 25 | 12.9% | 2.8% | ||
| Q4 24 | 62.4% | 3.3% | ||
| Q3 24 | 16.8% | 3.1% | ||
| Q2 24 | 12.8% | 2.9% |
现金转化率AMTFAST
| Q1 26 | — | 1.25× | ||
| Q4 25 | 6.53× | 1.25× | ||
| Q3 25 | 1.60× | 1.15× | ||
| Q2 25 | 3.37× | 0.84× | ||
| Q1 25 | 2.60× | 0.88× | ||
| Q4 24 | 4.30× | 1.08× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | 1.47× | 0.88× |
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
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
