vs
美国铁塔（AMT）与欧加隆（OGN）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欧加隆的1.8倍（$2.7B vs $1.5B），美国铁塔净利率更高（110.1% vs -13.6%，领先123.7%），美国铁塔同比增速更快（6.8% vs -5.3%），美国铁塔自由现金流更多（$941.0M vs $96.0M），过去两年美国铁塔的营收复合增速更高（3.7% vs -3.6%）
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。
欧加隆是一家总部位于美国新泽西州泽西城的制药企业，核心业务覆盖生殖医学、避孕、精神科、激素替代疗法及麻醉领域的药物研发与生产。公司所有产品均在美国境外生产，同时美国市场贡献了其三分之一的营收。
AMT vs OGN — 直观对比
营收规模更大
AMT
是对方的1.8倍
$1.5B
营收增速更快
AMT
高出12.2%
-5.3%
净利率更高
AMT
高出123.7%
-13.6%
自由现金流更多
AMT
多$845.0M
$96.0M
两年增速更快
AMT
近两年复合增速
-3.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.5B |
| 净利润 | $3.0B | $-205.0M |
| 毛利率 | — | 49.2% |
| 营业利润率 | 0.0% | -9.8% |
| 净利率 | 110.1% | -13.6% |
| 营收同比 | 6.8% | -5.3% |
| 净利润同比 | -2.6% | -288.1% |
| 每股收益（稀释后） | — | $-0.78 |
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AMTOGN
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.6B | $1.6B | ||
| Q1 25 | $2.6B | $1.5B | ||
| Q4 24 | $2.5B | $1.6B | ||
| Q3 24 | $2.5B | $1.6B | ||
| Q2 24 | $2.5B | $1.6B |
净利润AMTOGN
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $-205.0M | ||
| Q3 25 | $912.6M | $160.0M | ||
| Q2 25 | $380.5M | $145.0M | ||
| Q1 25 | $498.6M | $87.0M | ||
| Q4 24 | $1.2B | $109.0M | ||
| Q3 24 | $-780.4M | $359.0M | ||
| Q2 24 | $908.4M | $195.0M |
毛利率AMTOGN
| Q1 26 | — | — | ||
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 53.5% | ||
| Q2 25 | — | 54.8% | ||
| Q1 25 | — | 55.6% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 58.3% | ||
| Q2 24 | — | 58.4% |
营业利润率AMTOGN
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | -9.8% | ||
| Q3 25 | 45.4% | 15.2% | ||
| Q2 25 | 45.6% | 14.4% | ||
| Q1 25 | 48.9% | 6.7% | ||
| Q4 24 | 42.4% | 8.1% | ||
| Q3 24 | 45.2% | 13.1% | ||
| Q2 24 | 45.4% | 14.6% |
净利率AMTOGN
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | -13.6% | ||
| Q3 25 | 33.6% | 10.0% | ||
| Q2 25 | 14.5% | 9.1% | ||
| Q1 25 | 19.5% | 5.8% | ||
| Q4 24 | 48.3% | 6.8% | ||
| Q3 24 | -30.9% | 22.7% | ||
| Q2 24 | 35.7% | 12.1% |
每股收益（稀释后）AMTOGN
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $-0.78 | ||
| Q3 25 | $1.82 | $0.61 | ||
| Q2 25 | $0.78 | $0.56 | ||
| Q1 25 | $1.04 | $0.33 | ||
| Q4 24 | $2.63 | $0.42 | ||
| Q3 24 | $-1.69 | $1.38 | ||
| Q2 24 | $1.92 | $0.75 |
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 | $574.0M |
| 总债务越低越好 | — | $8.6B |
| 股东权益账面价值 | $10.2B | $752.0M |
| 总资产 | — | $12.9B |
| 负债/权益比越低杠杆越低 | — | 11.49× |
8季度趋势，按日历期对齐
现金及短期投资AMTOGN
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $574.0M | ||
| Q3 25 | $2.0B | $672.0M | ||
| Q2 25 | $2.1B | $599.0M | ||
| Q1 25 | $2.1B | $547.0M | ||
| Q4 24 | $2.0B | $675.0M | ||
| Q3 24 | $2.2B | $763.0M | ||
| Q2 24 | $2.2B | $704.0M |
总债务AMTOGN
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $8.6B | ||
| Q3 25 | $34.9B | $8.8B | ||
| Q2 25 | $35.2B | $8.9B | ||
| Q1 25 | $34.0B | $9.0B | ||
| Q4 24 | $32.8B | $8.9B | ||
| Q3 24 | $33.4B | $8.7B | ||
| Q2 24 | $35.6B | $8.7B |
股东权益AMTOGN
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $752.0M | ||
| Q3 25 | $4.0B | $906.0M | ||
| Q2 25 | $3.7B | $733.0M | ||
| Q1 25 | $3.5B | $542.0M | ||
| Q4 24 | $3.4B | $472.0M | ||
| Q3 24 | $3.6B | $493.0M | ||
| Q2 24 | $3.9B | $144.0M |
总资产AMTOGN
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $12.9B | ||
| Q3 25 | $63.9B | $13.6B | ||
| Q2 25 | $63.8B | $13.5B | ||
| Q1 25 | $62.1B | $13.2B | ||
| Q4 24 | $61.1B | $13.1B | ||
| Q3 24 | $62.8B | $12.8B | ||
| Q2 24 | $65.8B | $12.2B |
负债/权益比AMTOGN
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 11.49× | ||
| Q3 25 | 8.82× | 9.74× | ||
| Q2 25 | 9.48× | 12.14× | ||
| Q1 25 | 9.63× | 16.52× | ||
| Q4 24 | 9.70× | 18.81× | ||
| Q3 24 | 9.16× | 17.75× | ||
| Q2 24 | 9.24× | 60.11× |
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 | — | $141.0M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $96.0M |
| 自由现金流率自由现金流/营收 | 34.4% | 6.4% |
| 资本支出强度资本支出/营收 | 16.8% | 3.0% |
| 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 | $538.0M |
8季度趋势，按日历期对齐
经营现金流AMTOGN
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $141.0M | ||
| Q3 25 | $1.5B | $264.0M | ||
| Q2 25 | $1.3B | $220.0M | ||
| Q1 25 | $1.3B | $75.0M | ||
| Q4 24 | $5.3B | $390.0M | ||
| Q3 24 | $1.5B | $141.0M | ||
| Q2 24 | $1.3B | $332.0M |
自由现金流AMTOGN
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $96.0M | ||
| Q3 25 | $994.5M | $218.0M | ||
| Q2 25 | $976.9M | $181.0M | ||
| Q1 25 | $963.9M | $43.0M | ||
| Q4 24 | $3.7B | $335.0M | ||
| Q3 24 | $1.0B | $99.0M | ||
| Q2 24 | $1.0B | $300.0M |
自由现金流率AMTOGN
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 6.4% | ||
| Q3 25 | 36.6% | 13.6% | ||
| Q2 25 | 37.2% | 11.4% | ||
| Q1 25 | 37.6% | 2.8% | ||
| Q4 24 | 145.3% | 21.0% | ||
| Q3 24 | 41.4% | 6.3% | ||
| Q2 24 | 39.8% | 18.7% |
资本支出强度AMTOGN
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 3.0% | ||
| Q3 25 | 17.1% | 2.9% | ||
| Q2 25 | 11.6% | 2.4% | ||
| Q1 25 | 12.9% | 2.1% | ||
| Q4 24 | 62.4% | 3.5% | ||
| Q3 24 | 16.8% | 2.7% | ||
| Q2 24 | 12.8% | 2.0% |
现金转化率AMTOGN
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.60× | 1.65× | ||
| Q2 25 | 3.37× | 1.52× | ||
| Q1 25 | 2.60× | 0.86× | ||
| Q4 24 | 4.30× | 3.58× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | 1.47× | 1.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
