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美国铁塔（AMT）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.0倍（$2.7B vs $2.7B），美国铁塔净利率更高（110.1% vs 2.5%，领先107.6%），美国铁塔自由现金流更多（$941.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
AMT vs RKT — 直观对比
营收规模更大
AMT
是对方的1.0倍
$2.7B
净利率更高
AMT
高出107.6%
2.5%
自由现金流更多
AMT
多$2.2B
$-1.3B
两年增速更快
RKT
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.7B |
| 净利润 | $3.0B | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 6.3% |
| 净利率 | 110.1% | 2.5% |
| 营收同比 | — | 52.2% |
| 净利润同比 | — | 100.8% |
| 每股收益（稀释后） | — | $0.10 |
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AMTRKT
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.5B | $1.8B | ||
| Q3 24 | $2.5B | $646.9M | ||
| Q2 24 | $2.5B | $1.3B |
净利润AMTRKT
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $68.0M | ||
| Q3 25 | $912.6M | $-123.9M | ||
| Q2 25 | $380.5M | $-1.8M | ||
| Q1 25 | $498.6M | $-10.4M | ||
| Q4 24 | $1.2B | $33.9M | ||
| Q3 24 | $-780.4M | $-22.0M | ||
| Q2 24 | $908.4M | $1.3M |
毛利率AMTRKT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% |
营业利润率AMTRKT
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 6.3% | ||
| Q3 25 | 45.4% | -11.5% | ||
| Q2 25 | 45.6% | 1.8% | ||
| Q1 25 | 48.9% | -21.5% | ||
| Q4 24 | 42.4% | 38.1% | ||
| Q3 24 | 45.2% | -76.9% | ||
| Q2 24 | 45.4% | 14.8% |
净利率AMTRKT
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 2.5% | ||
| Q3 25 | 33.6% | -7.7% | ||
| Q2 25 | 14.5% | -0.1% | ||
| Q1 25 | 19.5% | -1.0% | ||
| Q4 24 | 48.3% | 1.9% | ||
| Q3 24 | -30.9% | -3.4% | ||
| Q2 24 | 35.7% | 0.1% |
每股收益（稀释后）AMTRKT
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $0.10 | ||
| Q3 25 | $1.82 | $-0.06 | ||
| Q2 25 | $0.78 | $-0.01 | ||
| Q1 25 | $1.04 | $-0.08 | ||
| Q4 24 | $2.63 | $0.28 | ||
| Q3 24 | $-1.69 | $-0.19 | ||
| Q2 24 | $1.92 | $0.01 |
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 | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $22.9B |
| 总资产 | — | $60.7B |
| 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AMTRKT
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $2.0B | $5.8B | ||
| Q2 25 | $2.1B | $5.1B | ||
| Q1 25 | $2.1B | $1.4B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.2B | $1.2B | ||
| Q2 24 | $2.2B | $1.3B |
总债务AMTRKT
| 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AMTRKT
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $22.9B | ||
| Q3 25 | $4.0B | $8.9B | ||
| Q2 25 | $3.7B | $7.4B | ||
| Q1 25 | $3.5B | $8.6B | ||
| Q4 24 | $3.4B | $9.0B | ||
| Q3 24 | $3.6B | $8.4B | ||
| Q2 24 | $3.9B | $8.8B |
总资产AMTRKT
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $60.7B | ||
| Q3 25 | $63.9B | $33.6B | ||
| Q2 25 | $63.8B | $30.4B | ||
| Q1 25 | $62.1B | $25.3B | ||
| Q4 24 | $61.1B | $24.5B | ||
| Q3 24 | $62.8B | $25.1B | ||
| Q2 24 | $65.8B | $23.6B |
负债/权益比AMTRKT
| 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 | — | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 34.4% | -47.2% |
| 资本支出强度资本支出/营收 | 16.8% | 1.5% |
| 现金转化率经营现金流/净利润 | — | -18.08× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流AMTRKT
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $-1.2B | ||
| Q3 25 | $1.5B | $-50.3M | ||
| Q2 25 | $1.3B | $-1.9B | ||
| Q1 25 | $1.3B | $-797.0M | ||
| Q4 24 | $5.3B | $1.8B | ||
| Q3 24 | $1.5B | $-1.3B | ||
| Q2 24 | $1.3B | $-122.3M |
自由现金流AMTRKT
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $-1.3B | ||
| Q3 25 | $994.5M | $-71.8M | ||
| Q2 25 | $976.9M | $-1.9B | ||
| Q1 25 | $963.9M | $-811.0M | ||
| Q4 24 | $3.7B | $1.8B | ||
| Q3 24 | $1.0B | $-1.4B | ||
| Q2 24 | $1.0B | $-138.3M |
自由现金流率AMTRKT
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | -47.2% | ||
| Q3 25 | 36.6% | -4.5% | ||
| Q2 25 | 37.2% | -137.2% | ||
| Q1 25 | 37.6% | -78.2% | ||
| Q4 24 | 145.3% | 103.1% | ||
| Q3 24 | 41.4% | -209.6% | ||
| Q2 24 | 39.8% | -10.6% |
资本支出强度AMTRKT
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 1.5% | ||
| Q3 25 | 17.1% | 1.3% | ||
| Q2 25 | 11.6% | 1.1% | ||
| Q1 25 | 12.9% | 1.4% | ||
| Q4 24 | 62.4% | 1.1% | ||
| Q3 24 | 16.8% | 2.9% | ||
| Q2 24 | 12.8% | 1.2% |
现金转化率AMTRKT
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | -18.08× | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 3.37× | — | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 4.30× | 54.42× | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | -94.46× |
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
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
