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美国铁塔（AMT）与罗技（LOGI）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罗技的1.9倍（$2.7B vs $1.4B），美国铁塔净利率更高（110.1% vs 17.7%，领先92.5%），美国铁塔自由现金流更多（$941.0M vs $465.6M），过去两年罗技的营收复合增速更高（18.5% 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。
罗技国际是总部位于瑞士洛桑的跨国企业，专注于计算机外设及相关软件的研发与生产，在欧洲、亚洲、大洋洲、美洲均设有分支机构，为瑞士市场指数成分股，同时在纳斯达克交易所挂牌上市。
AMT vs LOGI — 直观对比
营收规模更大
AMT
是对方的1.9倍
$1.4B
净利率更高
AMT
高出92.5%
17.7%
自由现金流更多
AMT
多$475.4M
$465.6M
两年增速更快
LOGI
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $3.0B | $251.0M |
| 毛利率 | — | 43.2% |
| 营业利润率 | 45.3% | 20.1% |
| 净利率 | 110.1% | 17.7% |
| 营收同比 | — | 6.1% |
| 净利润同比 | — | 25.4% |
| 每股收益（稀释后） | — | $1.69 |
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AMTLOGI
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.5B | $1.1B | ||
| Q2 24 | $2.5B | $1.1B |
净利润AMTLOGI
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $251.0M | ||
| Q3 25 | $912.6M | $170.7M | ||
| Q2 25 | $380.5M | $146.0M | ||
| Q1 25 | $498.6M | $144.1M | ||
| Q4 24 | $1.2B | $200.1M | ||
| Q3 24 | $-780.4M | $145.5M | ||
| Q2 24 | $908.4M | $141.8M |
毛利率AMTLOGI
| Q1 26 | — | — | ||
| Q4 25 | — | 43.2% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 41.7% | ||
| Q1 25 | — | 43.1% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 43.6% | ||
| Q2 24 | — | 42.8% |
营业利润率AMTLOGI
| Q1 26 | 45.3% | — | ||
| Q4 25 | 42.4% | 20.1% | ||
| Q3 25 | 45.4% | 16.1% | ||
| Q2 25 | 45.6% | 14.1% | ||
| Q1 25 | 48.9% | 10.5% | ||
| Q4 24 | 42.4% | 17.5% | ||
| Q3 24 | 45.2% | 14.4% | ||
| Q2 24 | 45.4% | 14.1% |
净利率AMTLOGI
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 17.7% | ||
| Q3 25 | 33.6% | 14.4% | ||
| Q2 25 | 14.5% | 12.7% | ||
| Q1 25 | 19.5% | 14.3% | ||
| Q4 24 | 48.3% | 14.9% | ||
| Q3 24 | -30.9% | 13.0% | ||
| Q2 24 | 35.7% | 13.0% |
每股收益（稀释后）AMTLOGI
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $1.69 | ||
| Q3 25 | $1.82 | $1.15 | ||
| Q2 25 | $0.78 | $0.98 | ||
| Q1 25 | $1.04 | $0.94 | ||
| Q4 24 | $2.63 | $1.32 | ||
| Q3 24 | $-1.69 | $0.95 | ||
| Q2 24 | $1.92 | $0.92 |
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 | $1.8B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $2.3B |
| 总资产 | — | $4.1B |
| 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AMTLOGI
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.1B | $1.5B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $2.0B | $1.5B | ||
| Q3 24 | $2.2B | $1.4B | ||
| Q2 24 | $2.2B | $1.5B |
总债务AMTLOGI
| 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AMTLOGI
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $2.3B | ||
| Q3 25 | $4.0B | $2.1B | ||
| Q2 25 | $3.7B | $2.2B | ||
| Q1 25 | $3.5B | $2.1B | ||
| Q4 24 | $3.4B | $2.1B | ||
| Q3 24 | $3.6B | $2.1B | ||
| Q2 24 | $3.9B | $2.2B |
总资产AMTLOGI
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $4.1B | ||
| Q3 25 | $63.9B | $3.7B | ||
| Q2 25 | $63.8B | $3.7B | ||
| Q1 25 | $62.1B | $3.5B | ||
| Q4 24 | $61.1B | $3.7B | ||
| Q3 24 | $62.8B | $3.6B | ||
| Q2 24 | $65.8B | $3.7B |
负债/权益比AMTLOGI
| 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 | — | $480.5M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $465.6M |
| 自由现金流率自由现金流/营收 | 34.4% | 32.8% |
| 资本支出强度资本支出/营收 | 16.8% | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.91× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $903.6M |
8季度趋势，按日历期对齐
经营现金流AMTLOGI
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $480.5M | ||
| Q3 25 | $1.5B | $228.8M | ||
| Q2 25 | $1.3B | $125.0M | ||
| Q1 25 | $1.3B | $129.7M | ||
| Q4 24 | $5.3B | $370.9M | ||
| Q3 24 | $1.5B | $166.0M | ||
| Q2 24 | $1.3B | $176.0M |
自由现金流AMTLOGI
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $465.6M | ||
| Q3 25 | $994.5M | $212.3M | ||
| Q2 25 | $976.9M | $108.8M | ||
| Q1 25 | $963.9M | $116.9M | ||
| Q4 24 | $3.7B | $356.6M | ||
| Q3 24 | $1.0B | $151.5M | ||
| Q2 24 | $1.0B | $161.4M |
自由现金流率AMTLOGI
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 32.8% | ||
| Q3 25 | 36.6% | 17.9% | ||
| Q2 25 | 37.2% | 9.5% | ||
| Q1 25 | 37.6% | 11.6% | ||
| Q4 24 | 145.3% | 26.6% | ||
| Q3 24 | 41.4% | 13.6% | ||
| Q2 24 | 39.8% | 14.8% |
资本支出强度AMTLOGI
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 1.0% | ||
| Q3 25 | 17.1% | 1.4% | ||
| Q2 25 | 11.6% | 1.4% | ||
| Q1 25 | 12.9% | 1.3% | ||
| Q4 24 | 62.4% | 1.1% | ||
| Q3 24 | 16.8% | 1.3% | ||
| Q2 24 | 12.8% | 1.3% |
现金转化率AMTLOGI
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.91× | ||
| Q3 25 | 1.60× | 1.34× | ||
| Q2 25 | 3.37× | 0.86× | ||
| Q1 25 | 2.60× | 0.90× | ||
| Q4 24 | 4.30× | 1.85× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | 1.47× | 1.24× |
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
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
