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美国铁塔（AMT）与Northern Trust（NTRS）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Northern Trust的1.2倍（$2.7B vs $2.2B），美国铁塔净利率更高（110.1% vs 23.7%，领先86.4%），Northern Trust同比增速更快（13.8% vs 6.8%），过去两年Northern Trust的营收复合增速更高（37.8% 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。
Northern Trust是总部位于美国伊利诺伊州芝加哥的专业金融服务企业，主要服务对象包括各类企业、机构投资者以及超高净值个人客户，是美国规模最大、持续运营历史最悠久的银行机构之一。截至2025年12月末，其管理资产规模达1.8万亿美元，托管资产规模达14.9万亿美元。
AMT vs NTRS — 直观对比
营收规模更大
AMT
是对方的1.2倍
$2.2B
营收增速更快
NTRS
高出6.9%
6.8%
净利率更高
AMT
高出86.4%
23.7%
两年增速更快
NTRS
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.2B |
| 净利润 | $3.0B | $525.5M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | — |
| 净利率 | 110.1% | 23.7% |
| 营收同比 | 6.8% | 13.8% |
| 净利润同比 | -2.6% | 13.0% |
| 每股收益（稀释后） | — | $2.71 |
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AMTNTRS
| Q1 26 | $2.7B | $2.2B | ||
| Q4 25 | $2.7B | $1.3B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.2B | ||
| Q1 25 | $2.6B | $1.2B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | $1.2B | ||
| Q2 24 | $2.5B | $1.2B |
净利润AMTNTRS
| Q1 26 | $3.0B | $525.5M | ||
| Q4 25 | $836.8M | $466.0M | ||
| Q3 25 | $912.6M | $457.6M | ||
| Q2 25 | $380.5M | $421.3M | ||
| Q1 25 | $498.6M | $392.0M | ||
| Q4 24 | $1.2B | $455.4M | ||
| Q3 24 | $-780.4M | $464.9M | ||
| Q2 24 | $908.4M | $896.1M |
营业利润率AMTNTRS
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 48.5% | ||
| Q3 25 | 45.4% | 49.0% | ||
| Q2 25 | 45.6% | 45.9% | ||
| Q1 25 | 48.9% | 43.0% | ||
| Q4 24 | 42.4% | 48.6% | ||
| Q3 24 | 45.2% | 50.2% | ||
| Q2 24 | 45.4% | — |
净利率AMTNTRS
| Q1 26 | 110.1% | 23.7% | ||
| Q4 25 | 30.6% | 35.6% | ||
| Q3 25 | 33.6% | 36.2% | ||
| Q2 25 | 14.5% | 34.2% | ||
| Q1 25 | 19.5% | 32.3% | ||
| Q4 24 | 48.3% | 37.3% | ||
| Q3 24 | -30.9% | 38.9% | ||
| Q2 24 | 35.7% | 76.8% |
每股收益（稀释后）AMTNTRS
| Q1 26 | — | $2.71 | ||
| Q4 25 | $1.76 | $2.42 | ||
| Q3 25 | $1.82 | $2.29 | ||
| Q2 25 | $0.78 | $2.13 | ||
| Q1 25 | $1.04 | $1.90 | ||
| Q4 24 | $2.63 | $2.25 | ||
| Q3 24 | $-1.69 | $2.22 | ||
| Q2 24 | $1.92 | $4.34 |
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 | — | $2.9B |
| 股东权益账面价值 | $10.2B | $13.0B |
| 总资产 | — | $174.6B |
| 负债/权益比越低杠杆越低 | — | 0.22× |
8季度趋势，按日历期对齐
现金及短期投资AMTNTRS
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — |
总债务AMTNTRS
| Q1 26 | — | $2.9B | ||
| 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AMTNTRS
| Q1 26 | $10.2B | $13.0B | ||
| Q4 25 | $3.7B | $13.0B | ||
| Q3 25 | $4.0B | $13.0B | ||
| Q2 25 | $3.7B | $12.9B | ||
| Q1 25 | $3.5B | $12.9B | ||
| Q4 24 | $3.4B | $12.8B | ||
| Q3 24 | $3.6B | $12.7B | ||
| Q2 24 | $3.9B | $12.7B |
总资产AMTNTRS
| Q1 26 | — | $174.6B | ||
| Q4 25 | $63.2B | $177.1B | ||
| Q3 25 | $63.9B | $170.3B | ||
| Q2 25 | $63.8B | $171.9B | ||
| Q1 25 | $62.1B | $165.1B | ||
| Q4 24 | $61.1B | $155.5B | ||
| Q3 24 | $62.8B | $155.8B | ||
| Q2 24 | $65.8B | $156.8B |
负债/权益比AMTNTRS
| Q1 26 | — | 0.22× | ||
| 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AMTNTRS
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $388.4M | ||
| Q3 25 | $1.5B | $525.8M | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $2.7B | ||
| Q4 24 | $5.3B | $-2.6B | ||
| Q3 24 | $1.5B | $611.1M | ||
| Q2 24 | $1.3B | $3.0B |
自由现金流AMTNTRS
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $355.6M | ||
| Q3 25 | $994.5M | $509.4M | ||
| Q2 25 | $976.9M | $1.9B | ||
| Q1 25 | $963.9M | $2.7B | ||
| Q4 24 | $3.7B | $-2.7B | ||
| Q3 24 | $1.0B | $585.4M | ||
| Q2 24 | $1.0B | $3.0B |
自由现金流率AMTNTRS
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 27.2% | ||
| Q3 25 | 36.6% | 40.3% | ||
| Q2 25 | 37.2% | 150.8% | ||
| Q1 25 | 37.6% | 225.5% | ||
| Q4 24 | 145.3% | -218.9% | ||
| Q3 24 | 41.4% | 48.9% | ||
| Q2 24 | 39.8% | 254.7% |
资本支出强度AMTNTRS
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 2.5% | ||
| Q3 25 | 17.1% | 1.3% | ||
| Q2 25 | 11.6% | 1.0% | ||
| Q1 25 | 12.9% | 1.0% | ||
| Q4 24 | 62.4% | 3.3% | ||
| Q3 24 | 16.8% | 2.1% | ||
| Q2 24 | 12.8% | 1.8% |
现金转化率AMTNTRS
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 0.83× | ||
| Q3 25 | 1.60× | 1.15× | ||
| Q2 25 | 3.37× | 4.44× | ||
| Q1 25 | 2.60× | 7.01× | ||
| Q4 24 | 4.30× | -5.79× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | 1.47× | 3.34× |
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
NTRS
| Trust, Investment and Other Servicing Fees | $1.3B | 61% |
| Other | $871.8M | 39% |
