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美国铁塔（AMT）与KeyCorp（KEY）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KeyCorp的1.4倍（$2.7B vs $1.9B），美国铁塔净利率更高（110.1% vs 26.8%，领先83.3%），过去两年KeyCorp的营收复合增速更高（12.9% 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。
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
AMT vs KEY — 直观对比
营收规模更大
AMT
是对方的1.4倍
$1.9B
净利率更高
AMT
高出83.3%
26.8%
两年增速更快
KEY
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.9B |
| 净利润 | $3.0B | $522.0M |
| 毛利率 | — | — |
| 营业利润率 | 45.3% | — |
| 净利率 | 110.1% | 26.8% |
| 营收同比 | — | 10.2% |
| 净利润同比 | — | 28.9% |
| 每股收益（稀释后） | — | $0.44 |
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AMTKEY
| Q1 26 | $2.7B | $1.9B | ||
| Q4 25 | $2.7B | $2.0B | ||
| Q3 25 | $2.7B | $1.9B | ||
| Q2 25 | $2.6B | $1.8B | ||
| Q1 25 | $2.6B | $1.8B | ||
| Q4 24 | $2.5B | $865.0M | ||
| Q3 24 | $2.5B | $695.0M | ||
| Q2 24 | $2.5B | $1.5B |
净利润AMTKEY
| Q1 26 | $3.0B | $522.0M | ||
| Q4 25 | $836.8M | $510.0M | ||
| Q3 25 | $912.6M | $489.0M | ||
| Q2 25 | $380.5M | $425.0M | ||
| Q1 25 | $498.6M | $405.0M | ||
| Q4 24 | $1.2B | $-244.0M | ||
| Q3 24 | $-780.4M | $-410.0M | ||
| Q2 24 | $908.4M | $274.0M |
营业利润率AMTKEY
| Q1 26 | 45.3% | — | ||
| Q4 25 | 42.4% | 32.3% | ||
| Q3 25 | 45.4% | 31.8% | ||
| Q2 25 | 45.6% | 29.3% | ||
| Q1 25 | 48.9% | 29.0% | ||
| Q4 24 | 42.4% | -92.6% | ||
| Q3 24 | 45.2% | -72.8% | ||
| Q2 24 | 45.4% | 22.0% |
净利率AMTKEY
| Q1 26 | 110.1% | 26.8% | ||
| Q4 25 | 30.6% | 25.4% | ||
| Q3 25 | 33.6% | 25.8% | ||
| Q2 25 | 14.5% | 23.1% | ||
| Q1 25 | 19.5% | 22.8% | ||
| Q4 24 | 48.3% | -54.7% | ||
| Q3 24 | -30.9% | -59.0% | ||
| Q2 24 | 35.7% | 18.0% |
每股收益（稀释后）AMTKEY
| Q1 26 | — | $0.44 | ||
| Q4 25 | $1.76 | $0.43 | ||
| Q3 25 | $1.82 | $0.41 | ||
| Q2 25 | $0.78 | $0.35 | ||
| Q1 25 | $1.04 | $0.33 | ||
| Q4 24 | $2.63 | $-0.30 | ||
| Q3 24 | $-1.69 | $-0.47 | ||
| Q2 24 | $1.92 | $0.25 |
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 | $11.8B |
| 总债务越低越好 | — | $10.9B |
| 股东权益账面价值 | $10.2B | $20.0B |
| 总资产 | — | $188.7B |
| 负债/权益比越低杠杆越低 | — | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AMTKEY
| Q1 26 | $1.6B | $11.8B | ||
| Q4 25 | $1.5B | $10.2B | ||
| Q3 25 | $2.0B | $13.3B | ||
| Q2 25 | $2.1B | $11.6B | ||
| Q1 25 | $2.1B | $15.3B | ||
| Q4 24 | $2.0B | $17.5B | ||
| Q3 24 | $2.2B | $22.8B | ||
| Q2 24 | $2.2B | $15.5B |
总债务AMTKEY
| Q1 26 | — | $10.9B | ||
| Q4 25 | $33.8B | $9.9B | ||
| Q3 25 | $34.9B | $10.9B | ||
| Q2 25 | $35.2B | $12.1B | ||
| Q1 25 | $34.0B | $12.4B | ||
| Q4 24 | $32.8B | $12.1B | ||
| Q3 24 | $33.4B | $15.7B | ||
| Q2 24 | $35.6B | $16.9B |
股东权益AMTKEY
| Q1 26 | $10.2B | $20.0B | ||
| Q4 25 | $3.7B | $20.4B | ||
| Q3 25 | $4.0B | $20.1B | ||
| Q2 25 | $3.7B | $19.5B | ||
| Q1 25 | $3.5B | $19.0B | ||
| Q4 24 | $3.4B | $18.2B | ||
| Q3 24 | $3.6B | $16.9B | ||
| Q2 24 | $3.9B | $14.8B |
总资产AMTKEY
| Q1 26 | — | $188.7B | ||
| Q4 25 | $63.2B | $184.4B | ||
| Q3 25 | $63.9B | $187.4B | ||
| Q2 25 | $63.8B | $185.5B | ||
| Q1 25 | $62.1B | $188.7B | ||
| Q4 24 | $61.1B | $187.2B | ||
| Q3 24 | $62.8B | $189.8B | ||
| Q2 24 | $65.8B | $187.4B |
负债/权益比AMTKEY
| Q1 26 | — | 0.54× | ||
| Q4 25 | 9.26× | 0.49× | ||
| Q3 25 | 8.82× | 0.54× | ||
| Q2 25 | 9.48× | 0.62× | ||
| Q1 25 | 9.63× | 0.65× | ||
| Q4 24 | 9.70× | 0.67× | ||
| Q3 24 | 9.16× | 0.93× | ||
| Q2 24 | 9.24× | 1.14× |
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AMTKEY
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $2.2B | ||
| Q3 25 | $1.5B | $396.0M | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $-140.0M | ||
| Q4 24 | $5.3B | $664.0M | ||
| Q3 24 | $1.5B | $-1.2B | ||
| Q2 24 | $1.3B | $-217.0M |
自由现金流AMTKEY
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $2.1B | ||
| Q3 25 | $994.5M | $367.0M | ||
| Q2 25 | $976.9M | $1.2B | ||
| Q1 25 | $963.9M | $-150.0M | ||
| Q4 24 | $3.7B | $599.0M | ||
| Q3 24 | $1.0B | $-1.2B | ||
| Q2 24 | $1.0B | $-230.0M |
自由现金流率AMTKEY
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 104.8% | ||
| Q3 25 | 36.6% | 19.4% | ||
| Q2 25 | 37.2% | 65.8% | ||
| Q1 25 | 37.6% | -8.5% | ||
| Q4 24 | 145.3% | 69.2% | ||
| Q3 24 | 41.4% | -175.8% | ||
| Q2 24 | 39.8% | -15.1% |
资本支出强度AMTKEY
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 5.3% | ||
| Q3 25 | 17.1% | 1.5% | ||
| Q2 25 | 11.6% | 1.3% | ||
| Q1 25 | 12.9% | 0.6% | ||
| Q4 24 | 62.4% | 7.5% | ||
| Q3 24 | 16.8% | 2.4% | ||
| Q2 24 | 12.8% | 0.9% |
现金转化率AMTKEY
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 4.33× | ||
| Q3 25 | 1.60× | 0.81× | ||
| Q2 25 | 3.37× | 2.90× | ||
| Q1 25 | 2.60× | -0.35× | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | -0.79× |
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
KEY
| Net Interest Income | $1.2B | 63% |
| Noninterest Income | $723.0M | 37% |
