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美国铁塔（AMT）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是美国铁塔的1.5倍（$4.2B vs $2.7B），美国铁塔净利率更高（110.1% vs 13.5%，领先96.6%），美国铁塔自由现金流更多（$941.0M vs $-56.0M），过去两年Raymond James Financial的营收复合增速更高（7.1% 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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
AMT vs RJF — 直观对比
营收规模更大
RJF
是对方的1.5倍
$2.7B
净利率更高
AMT
高出96.6%
13.5%
自由现金流更多
AMT
多$997.0M
$-56.0M
两年增速更快
RJF
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.2B |
| 净利润 | $3.0B | $563.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | — |
| 净利率 | 110.1% | 13.5% |
| 营收同比 | — | 3.5% |
| 净利润同比 | — | -6.2% |
| 每股收益（稀释后） | — | $2.79 |
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AMTRJF
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $4.2B | ||
| Q3 25 | $2.7B | $4.2B | ||
| Q2 25 | $2.6B | $3.8B | ||
| Q1 25 | $2.6B | $3.8B | ||
| Q4 24 | $2.5B | $4.0B | ||
| Q3 24 | $2.5B | $4.0B | ||
| Q2 24 | $2.5B | $3.8B |
净利润AMTRJF
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $563.0M | ||
| Q3 25 | $912.6M | $604.0M | ||
| Q2 25 | $380.5M | $436.0M | ||
| Q1 25 | $498.6M | $495.0M | ||
| Q4 24 | $1.2B | $600.0M | ||
| Q3 24 | $-780.4M | $602.0M | ||
| Q2 24 | $908.4M | $492.0M |
营业利润率AMTRJF
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | — | ||
| Q3 25 | 45.4% | — | ||
| Q2 25 | 45.6% | 14.7% | ||
| Q1 25 | 48.9% | 17.5% | ||
| Q4 24 | 42.4% | 18.6% | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 45.4% | 17.1% |
净利率AMTRJF
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 13.5% | ||
| Q3 25 | 33.6% | 14.4% | ||
| Q2 25 | 14.5% | 11.3% | ||
| Q1 25 | 19.5% | 12.9% | ||
| Q4 24 | 48.3% | 14.9% | ||
| Q3 24 | -30.9% | 15.0% | ||
| Q2 24 | 35.7% | 13.1% |
每股收益（稀释后）AMTRJF
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $2.79 | ||
| Q3 25 | $1.82 | $2.96 | ||
| Q2 25 | $0.78 | $2.12 | ||
| Q1 25 | $1.04 | $2.36 | ||
| Q4 24 | $2.63 | $2.86 | ||
| Q3 24 | $-1.69 | $2.85 | ||
| Q2 24 | $1.92 | $2.31 |
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 | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $12.6B |
| 总资产 | — | $88.8B |
| 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AMTRJF
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $9.9B | ||
| Q3 25 | $2.0B | $11.4B | ||
| Q2 25 | $2.1B | $9.2B | ||
| Q1 25 | $2.1B | $9.7B | ||
| Q4 24 | $2.0B | $10.0B | ||
| Q3 24 | $2.2B | $11.0B | ||
| Q2 24 | $2.2B | $9.1B |
总债务AMTRJF
| 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AMTRJF
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $12.6B | ||
| Q3 25 | $4.0B | $12.5B | ||
| Q2 25 | $3.7B | $12.3B | ||
| Q1 25 | $3.5B | $12.2B | ||
| Q4 24 | $3.4B | $11.9B | ||
| Q3 24 | $3.6B | $11.7B | ||
| Q2 24 | $3.9B | $11.2B |
总资产AMTRJF
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $88.8B | ||
| Q3 25 | $63.9B | $88.2B | ||
| Q2 25 | $63.8B | $84.8B | ||
| Q1 25 | $62.1B | $83.1B | ||
| Q4 24 | $61.1B | $82.3B | ||
| Q3 24 | $62.8B | $83.0B | ||
| Q2 24 | $65.8B | $80.6B |
负债/权益比AMTRJF
| 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 | — | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $-56.0M |
| 自由现金流率自由现金流/营收 | 34.4% | -1.3% |
| 资本支出强度资本支出/营收 | 16.8% | 1.1% |
| 现金转化率经营现金流/净利润 | — | -0.02× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $1.4B |
8季度趋势，按日历期对齐
经营现金流AMTRJF
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $-10.0M | ||
| Q3 25 | $1.5B | $796.0M | ||
| Q2 25 | $1.3B | $691.0M | ||
| Q1 25 | $1.3B | $117.0M | ||
| Q4 24 | $5.3B | $830.0M | ||
| Q3 24 | $1.5B | $510.0M | ||
| Q2 24 | $1.3B | $711.0M |
自由现金流AMTRJF
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $-56.0M | ||
| Q3 25 | $994.5M | $752.0M | ||
| Q2 25 | $976.9M | $634.0M | ||
| Q1 25 | $963.9M | $71.0M | ||
| Q4 24 | $3.7B | $789.0M | ||
| Q3 24 | $1.0B | $460.0M | ||
| Q2 24 | $1.0B | $655.0M |
自由现金流率AMTRJF
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | -1.3% | ||
| Q3 25 | 36.6% | 17.9% | ||
| Q2 25 | 37.2% | 16.5% | ||
| Q1 25 | 37.6% | 1.8% | ||
| Q4 24 | 145.3% | 19.6% | ||
| Q3 24 | 41.4% | 11.5% | ||
| Q2 24 | 39.8% | 17.4% |
资本支出强度AMTRJF
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 1.1% | ||
| Q3 25 | 17.1% | 1.1% | ||
| Q2 25 | 11.6% | 1.5% | ||
| Q1 25 | 12.9% | 1.2% | ||
| Q4 24 | 62.4% | 1.0% | ||
| Q3 24 | 16.8% | 1.2% | ||
| Q2 24 | 12.8% | 1.5% |
现金转化率AMTRJF
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | -0.02× | ||
| Q3 25 | 1.60× | 1.32× | ||
| Q2 25 | 3.37× | 1.58× | ||
| Q1 25 | 2.60× | 0.24× | ||
| Q4 24 | 4.30× | 1.38× | ||
| Q3 24 | — | 0.85× | ||
| Q2 24 | 1.47× | 1.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
