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美国铁塔（AMT）与直觉外科（ISRG）财务数据对比。点击上方公司名可切换其他公司
直觉外科的季度营收约是美国铁塔的1.0倍（$2.8B vs $2.7B），美国铁塔净利率更高（110.1% vs 29.8%，领先80.3%），直觉外科同比增速更快（23.0% vs 6.8%），过去两年直觉外科的营收复合增速更高（17.4% 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。
直觉外科（Intuitive Surgical）是美国医疗科技企业，主打研发、生产及销售微创外科手术机器人产品，核心产品为达芬奇手术系统，可有效提升患者临床治疗效果。该公司为纳斯达克100、标普100及标普500指数成分股，截至2021年末全球达芬奇系统装机量达6730台，其中美国市场占4139台。
AMT vs ISRG — 直观对比
营收规模更大
ISRG
是对方的1.0倍
$2.7B
营收增速更快
ISRG
高出16.1%
6.8%
净利率更高
AMT
高出80.3%
29.8%
两年增速更快
ISRG
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.8B |
| 净利润 | $3.0B | $826.0M |
| 毛利率 | — | 66.1% |
| 营业利润率 | 0.0% | — |
| 净利率 | 110.1% | 29.8% |
| 营收同比 | 6.8% | 23.0% |
| 净利润同比 | -2.6% | 17.4% |
| 每股收益（稀释后） | — | $2.28 |
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AMTISRG
| Q1 26 | $2.7B | $2.8B | ||
| Q4 25 | $2.7B | $2.9B | ||
| Q3 25 | $2.7B | $2.5B | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.3B | ||
| Q4 24 | $2.5B | $2.4B | ||
| Q3 24 | $2.5B | $2.0B | ||
| Q2 24 | $2.5B | $2.0B |
净利润AMTISRG
| Q1 26 | $3.0B | $826.0M | ||
| Q4 25 | $836.8M | $794.8M | ||
| Q3 25 | $912.6M | $704.4M | ||
| Q2 25 | $380.5M | $658.4M | ||
| Q1 25 | $498.6M | $698.4M | ||
| Q4 24 | $1.2B | $685.7M | ||
| Q3 24 | $-780.4M | $565.1M | ||
| Q2 24 | $908.4M | $526.9M |
毛利率AMTISRG
| Q1 26 | — | 66.1% | ||
| Q4 25 | — | 66.4% | ||
| Q3 25 | — | 66.4% | ||
| Q2 25 | — | 66.3% | ||
| Q1 25 | — | 64.7% | ||
| Q4 24 | — | 68.0% | ||
| Q3 24 | — | 67.4% | ||
| Q2 24 | — | 68.3% |
营业利润率AMTISRG
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 30.2% | ||
| Q3 25 | 45.4% | 30.3% | ||
| Q2 25 | 45.6% | 30.5% | ||
| Q1 25 | 48.9% | 25.7% | ||
| Q4 24 | 42.4% | 30.4% | ||
| Q3 24 | 45.2% | 28.3% | ||
| Q2 24 | 45.4% | 28.2% |
净利率AMTISRG
| Q1 26 | 110.1% | 29.8% | ||
| Q4 25 | 30.6% | 27.7% | ||
| Q3 25 | 33.6% | 28.1% | ||
| Q2 25 | 14.5% | 27.0% | ||
| Q1 25 | 19.5% | 31.0% | ||
| Q4 24 | 48.3% | 28.4% | ||
| Q3 24 | -30.9% | 27.7% | ||
| Q2 24 | 35.7% | 26.2% |
每股收益（稀释后）AMTISRG
| Q1 26 | — | $2.28 | ||
| Q4 25 | $1.76 | $2.19 | ||
| Q3 25 | $1.82 | $1.95 | ||
| Q2 25 | $0.78 | $1.81 | ||
| Q1 25 | $1.04 | $1.92 | ||
| Q4 24 | $2.63 | $1.89 | ||
| Q3 24 | $-1.69 | $1.56 | ||
| Q2 24 | $1.92 | $1.46 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $17.6B |
| 总资产 | — | $20.1B |
| 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AMTISRG
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $5.9B | ||
| Q3 25 | $2.0B | $4.9B | ||
| Q2 25 | $2.1B | $5.3B | ||
| Q1 25 | $2.1B | $4.5B | ||
| Q4 24 | $2.0B | $4.0B | ||
| Q3 24 | $2.2B | $4.2B | ||
| Q2 24 | $2.2B | $4.8B |
总债务AMTISRG
| 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AMTISRG
| Q1 26 | $10.2B | $17.6B | ||
| Q4 25 | $3.7B | $17.8B | ||
| Q3 25 | $4.0B | $16.9B | ||
| Q2 25 | $3.7B | $17.8B | ||
| Q1 25 | $3.5B | $17.1B | ||
| Q4 24 | $3.4B | $16.4B | ||
| Q3 24 | $3.6B | $15.6B | ||
| Q2 24 | $3.9B | $14.7B |
总资产AMTISRG
| Q1 26 | — | $20.1B | ||
| Q4 25 | $63.2B | $20.5B | ||
| Q3 25 | $63.9B | $19.4B | ||
| Q2 25 | $63.8B | $20.2B | ||
| Q1 25 | $62.1B | $19.2B | ||
| Q4 24 | $61.1B | $18.7B | ||
| Q3 24 | $62.8B | $17.7B | ||
| Q2 24 | $65.8B | $16.6B |
负债/权益比AMTISRG
| 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $941.0M | — |
| 自由现金流率自由现金流/营收 | 34.4% | — |
| 资本支出强度资本支出/营收 | 16.8% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $6.7B | — |
8季度趋势，按日历期对齐
经营现金流AMTISRG
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $892.5M | ||
| Q3 25 | $1.5B | $841.0M | ||
| Q2 25 | $1.3B | $715.4M | ||
| Q1 25 | $1.3B | $581.6M | ||
| Q4 24 | $5.3B | $822.6M | ||
| Q3 24 | $1.5B | $706.5M | ||
| Q2 24 | $1.3B | $620.5M |
自由现金流AMTISRG
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $730.0M | ||
| Q3 25 | $994.5M | $735.6M | ||
| Q2 25 | $976.9M | $560.1M | ||
| Q1 25 | $963.9M | $465.0M | ||
| Q4 24 | $3.7B | $510.6M | ||
| Q3 24 | $1.0B | $458.6M | ||
| Q2 24 | $1.0B | $311.1M |
自由现金流率AMTISRG
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 25.5% | ||
| Q3 25 | 36.6% | 29.4% | ||
| Q2 25 | 37.2% | 23.0% | ||
| Q1 25 | 37.6% | 20.6% | ||
| Q4 24 | 145.3% | 21.2% | ||
| Q3 24 | 41.4% | 22.5% | ||
| Q2 24 | 39.8% | 15.5% |
资本支出强度AMTISRG
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 5.7% | ||
| Q3 25 | 17.1% | 4.2% | ||
| Q2 25 | 11.6% | 6.4% | ||
| Q1 25 | 12.9% | 5.2% | ||
| Q4 24 | 62.4% | 12.9% | ||
| Q3 24 | 16.8% | 12.2% | ||
| Q2 24 | 12.8% | 15.4% |
现金转化率AMTISRG
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.12× | ||
| Q3 25 | 1.60× | 1.19× | ||
| Q2 25 | 3.37× | 1.09× | ||
| Q1 25 | 2.60× | 0.83× | ||
| Q4 24 | 4.30× | 1.20× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | 1.47× | 1.18× |
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
ISRG
| Instruments and accessories | $1.7B | 61% |
| Systems | $650.7M | 23% |
| Services | $433.7M | 16% |
