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美国铁塔（AMT）与艾昆纬（IQV）财务数据对比。点击上方公司名可切换其他公司
艾昆纬的季度营收约是美国铁塔的1.6倍（$4.4B vs $2.7B），美国铁塔净利率更高（110.1% vs 11.8%，领先98.3%），艾昆纬同比增速更快（10.3% vs 6.8%），美国铁塔自由现金流更多（$941.0M vs $561.0M），过去两年艾昆纬的营收复合增速更高（8.1% 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。
艾昆纬控股（IQVIA Holdings Inc.）总部位于美国北卡罗来纳州达勒姆，是专注于医疗信息技术与临床研究领域的知名企业。公司依托专业技术优势与行业资源积累，为医疗健康、医药研发等领域客户提供专业解决方案与服务支持，助力产业创新发展。
AMT vs IQV — 直观对比
营收规模更大
IQV
是对方的1.6倍
$2.7B
营收增速更快
IQV
高出3.4%
6.8%
净利率更高
AMT
高出98.3%
11.8%
自由现金流更多
AMT
多$380.0M
$561.0M
两年增速更快
IQV
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.4B |
| 净利润 | $3.0B | $514.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 14.4% |
| 净利率 | 110.1% | 11.8% |
| 营收同比 | 6.8% | 10.3% |
| 净利润同比 | -2.6% | 17.6% |
| 每股收益（稀释后） | — | $2.97 |
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AMTIQV
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $4.4B | ||
| Q3 25 | $2.7B | $4.1B | ||
| Q2 25 | $2.6B | $4.0B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.5B | $4.0B | ||
| Q3 24 | $2.5B | $3.9B | ||
| Q2 24 | $2.5B | $3.8B |
净利润AMTIQV
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $514.0M | ||
| Q3 25 | $912.6M | $331.0M | ||
| Q2 25 | $380.5M | $266.0M | ||
| Q1 25 | $498.6M | $249.0M | ||
| Q4 24 | $1.2B | $437.0M | ||
| Q3 24 | $-780.4M | $285.0M | ||
| Q2 24 | $908.4M | $363.0M |
毛利率AMTIQV
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 22.6% |
营业利润率AMTIQV
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 14.4% | ||
| Q3 25 | 45.4% | 13.5% | ||
| Q2 25 | 45.6% | 12.6% | ||
| Q1 25 | 48.9% | 13.0% | ||
| Q4 24 | 42.4% | 15.8% | ||
| Q3 24 | 45.2% | 14.1% | ||
| Q2 24 | 45.4% | 13.6% |
净利率AMTIQV
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 11.8% | ||
| Q3 25 | 33.6% | 8.1% | ||
| Q2 25 | 14.5% | 6.6% | ||
| Q1 25 | 19.5% | 6.5% | ||
| Q4 24 | 48.3% | 11.0% | ||
| Q3 24 | -30.9% | 7.3% | ||
| Q2 24 | 35.7% | 9.5% |
每股收益（稀释后）AMTIQV
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $2.97 | ||
| Q3 25 | $1.82 | $1.93 | ||
| Q2 25 | $0.78 | $1.54 | ||
| Q1 25 | $1.04 | $1.40 | ||
| Q4 24 | $2.63 | $2.41 | ||
| Q3 24 | $-1.69 | $1.55 | ||
| Q2 24 | $1.92 | $1.97 |
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 | $6.5B |
| 总资产 | — | $29.9B |
| 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AMTIQV
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $2.0B | $2.0B | ||
| Q2 25 | $2.1B | $2.2B | ||
| Q1 25 | $2.1B | $1.9B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $2.2B | $1.7B | ||
| Q2 24 | $2.2B | $1.7B |
总债务AMTIQV
| 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AMTIQV
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $6.5B | ||
| Q3 25 | $4.0B | $6.2B | ||
| Q2 25 | $3.7B | $5.8B | ||
| Q1 25 | $3.5B | $6.0B | ||
| Q4 24 | $3.4B | $6.1B | ||
| Q3 24 | $3.6B | $7.0B | ||
| Q2 24 | $3.9B | $6.7B |
总资产AMTIQV
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $29.9B | ||
| Q3 25 | $63.9B | $28.7B | ||
| Q2 25 | $63.8B | $28.6B | ||
| Q1 25 | $62.1B | $27.3B | ||
| Q4 24 | $61.1B | $26.9B | ||
| Q3 24 | $62.8B | $27.2B | ||
| Q2 24 | $65.8B | $26.4B |
负债/权益比AMTIQV
| 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 | — | $735.0M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $561.0M |
| 自由现金流率自由现金流/营收 | 34.4% | 12.9% |
| 资本支出强度资本支出/营收 | 16.8% | 4.0% |
| 现金转化率经营现金流/净利润 | — | 1.43× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $2.1B |
8季度趋势，按日历期对齐
经营现金流AMTIQV
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $735.0M | ||
| Q3 25 | $1.5B | $908.0M | ||
| Q2 25 | $1.3B | $443.0M | ||
| Q1 25 | $1.3B | $568.0M | ||
| Q4 24 | $5.3B | $885.0M | ||
| Q3 24 | $1.5B | $721.0M | ||
| Q2 24 | $1.3B | $588.0M |
自由现金流AMTIQV
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $561.0M | ||
| Q3 25 | $994.5M | $772.0M | ||
| Q2 25 | $976.9M | $292.0M | ||
| Q1 25 | $963.9M | $426.0M | ||
| Q4 24 | $3.7B | $721.0M | ||
| Q3 24 | $1.0B | $571.0M | ||
| Q2 24 | $1.0B | $445.0M |
自由现金流率AMTIQV
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 12.9% | ||
| Q3 25 | 36.6% | 18.8% | ||
| Q2 25 | 37.2% | 7.3% | ||
| Q1 25 | 37.6% | 11.1% | ||
| Q4 24 | 145.3% | 18.2% | ||
| Q3 24 | 41.4% | 14.7% | ||
| Q2 24 | 39.8% | 11.7% |
资本支出强度AMTIQV
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 4.0% | ||
| Q3 25 | 17.1% | 3.3% | ||
| Q2 25 | 11.6% | 3.8% | ||
| Q1 25 | 12.9% | 3.7% | ||
| Q4 24 | 62.4% | 4.1% | ||
| Q3 24 | 16.8% | 3.9% | ||
| Q2 24 | 12.8% | 3.7% |
现金转化率AMTIQV
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.43× | ||
| Q3 25 | 1.60× | 2.74× | ||
| Q2 25 | 3.37× | 1.67× | ||
| Q1 25 | 2.60× | 2.28× | ||
| Q4 24 | 4.30× | 2.03× | ||
| Q3 24 | — | 2.53× | ||
| Q2 24 | 1.47× | 1.62× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
