vs
美国铁塔（AMT）与Globe Life（GL）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Globe Life的1.8倍（$2.7B vs $1.5B），美国铁塔净利率更高（110.1% vs 17.5%，领先92.6%），美国铁塔自由现金流更多（$941.0M vs $330.1M），过去两年美国铁塔的营收复合增速更高（3.7% vs 3.6%）
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。
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
AMT vs GL — 直观对比
营收规模更大
AMT
是对方的1.8倍
$1.5B
净利率更高
AMT
高出92.6%
17.5%
自由现金流更多
AMT
多$610.9M
$330.1M
两年增速更快
AMT
近两年复合增速
3.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.5B |
| 净利润 | $3.0B | $266.1M |
| 毛利率 | — | — |
| 营业利润率 | 45.3% | 21.7% |
| 净利率 | 110.1% | 17.5% |
| 营收同比 | — | 3.6% |
| 净利润同比 | — | 4.3% |
| 每股收益（稀释后） | — | $3.28 |
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AMTGL
| 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 | $1.5B | ||
| Q4 24 | $2.5B | $1.5B | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $2.5B | $1.4B |
净利润AMTGL
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $266.1M | ||
| Q3 25 | $912.6M | $387.8M | ||
| Q2 25 | $380.5M | $252.7M | ||
| Q1 25 | $498.6M | $254.6M | ||
| Q4 24 | $1.2B | $255.2M | ||
| Q3 24 | $-780.4M | $303.0M | ||
| Q2 24 | $908.4M | $258.4M |
毛利率AMTGL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 26.1% | ||
| Q2 24 | — | 23.3% |
营业利润率AMTGL
| Q1 26 | 45.3% | — | ||
| Q4 25 | 42.4% | 21.7% | ||
| Q3 25 | 45.4% | 31.5% | ||
| Q2 25 | 45.6% | 21.2% | ||
| Q1 25 | 48.9% | 21.4% | ||
| Q4 24 | 42.4% | 21.3% | ||
| Q3 24 | 45.2% | 26.3% | ||
| Q2 24 | 45.4% | 23.5% |
净利率AMTGL
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 17.5% | ||
| Q3 25 | 33.6% | 25.6% | ||
| Q2 25 | 14.5% | 17.1% | ||
| Q1 25 | 19.5% | 17.2% | ||
| Q4 24 | 48.3% | 17.4% | ||
| Q3 24 | -30.9% | 20.8% | ||
| Q2 24 | 35.7% | 17.9% |
每股收益（稀释后）AMTGL
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $3.28 | ||
| Q3 25 | $1.82 | $4.73 | ||
| Q2 25 | $0.78 | $3.05 | ||
| Q1 25 | $1.04 | $3.01 | ||
| Q4 24 | $2.63 | $3.00 | ||
| Q3 24 | $-1.69 | $3.44 | ||
| Q2 24 | $1.92 | $2.83 |
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 | $314.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $6.0B |
| 总资产 | — | $30.8B |
| 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AMTGL
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $314.7M | ||
| Q3 25 | $2.0B | $62.8M | ||
| Q2 25 | $2.1B | $116.7M | ||
| Q1 25 | $2.1B | $134.1M | ||
| Q4 24 | $2.0B | $85.0M | ||
| Q3 24 | $2.2B | $100.5M | ||
| Q2 24 | $2.2B | $100.6M |
总债务AMTGL
| 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AMTGL
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $6.0B | ||
| Q3 25 | $4.0B | $5.7B | ||
| Q2 25 | $3.7B | $5.4B | ||
| Q1 25 | $3.5B | $5.4B | ||
| Q4 24 | $3.4B | $5.3B | ||
| Q3 24 | $3.6B | $4.6B | ||
| Q2 24 | $3.9B | $5.2B |
总资产AMTGL
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $30.8B | ||
| Q3 25 | $63.9B | $30.5B | ||
| Q2 25 | $63.8B | $29.8B | ||
| Q1 25 | $62.1B | $29.7B | ||
| Q4 24 | $61.1B | $29.1B | ||
| Q3 24 | $62.8B | $29.6B | ||
| Q2 24 | $65.8B | $28.3B |
负债/权益比AMTGL
| 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 | — | $350.6M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $330.1M |
| 自由现金流率自由现金流/营收 | 34.4% | 21.7% |
| 资本支出强度资本支出/营收 | 16.8% | 1.3% |
| 现金转化率经营现金流/净利润 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $1.3B |
8季度趋势，按日历期对齐
经营现金流AMTGL
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $350.6M | ||
| Q3 25 | $1.5B | $306.0M | ||
| Q2 25 | $1.3B | $307.9M | ||
| Q1 25 | $1.3B | $431.9M | ||
| Q4 24 | $5.3B | $336.9M | ||
| Q3 24 | $1.5B | $340.6M | ||
| Q2 24 | $1.3B | $374.1M |
自由现金流AMTGL
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $330.1M | ||
| Q3 25 | $994.5M | $208.7M | ||
| Q2 25 | $976.9M | $295.0M | ||
| Q1 25 | $963.9M | $420.1M | ||
| Q4 24 | $3.7B | $321.9M | ||
| Q3 24 | $1.0B | $311.3M | ||
| Q2 24 | $1.0B | $356.5M |
自由现金流率AMTGL
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 21.7% | ||
| Q3 25 | 36.6% | 13.8% | ||
| Q2 25 | 37.2% | 19.9% | ||
| Q1 25 | 37.6% | 28.4% | ||
| Q4 24 | 145.3% | 22.0% | ||
| Q3 24 | 41.4% | 21.4% | ||
| Q2 24 | 39.8% | 24.8% |
资本支出强度AMTGL
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 1.3% | ||
| Q3 25 | 17.1% | 6.4% | ||
| Q2 25 | 11.6% | 0.9% | ||
| Q1 25 | 12.9% | 0.8% | ||
| Q4 24 | 62.4% | 1.0% | ||
| Q3 24 | 16.8% | 2.0% | ||
| Q2 24 | 12.8% | 1.2% |
现金转化率AMTGL
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.32× | ||
| Q3 25 | 1.60× | 0.79× | ||
| Q2 25 | 3.37× | 1.22× | ||
| Q1 25 | 2.60× | 1.70× | ||
| Q4 24 | 4.30× | 1.32× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | 1.47× | 1.45× |
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
GL
| Life Segment | $849.6M | 56% |
| Health Segment | $392.3M | 26% |
| Investment Segment | $281.4M | 19% |
