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美国铁塔（AMT）与瑞思迈（RMD）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瑞思迈的1.9倍（$2.7B vs $1.4B），美国铁塔净利率更高（110.1% vs 27.6%，领先82.5%），过去两年瑞思迈的营收复合增速更高（7.9% 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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
AMT vs RMD — 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82.5%
27.6%
两年增速更快
RMD
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $3.0B | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 0.0% | 34.6% |
| 净利率 | 110.1% | 27.6% |
| 营收同比 | — | 11.0% |
| 净利润同比 | — | 13.9% |
| 每股收益（稀释后） | — | $2.68 |
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AMTRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.5B | $1.3B | ||
| Q3 24 | $2.5B | $1.2B |
净利润AMTRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $392.6M | ||
| Q3 25 | $912.6M | $348.5M | ||
| Q2 25 | $380.5M | $379.7M | ||
| Q1 25 | $498.6M | $365.0M | ||
| Q4 24 | $1.2B | $344.6M | ||
| Q3 24 | $-780.4M | $311.4M |
毛利率AMTRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% |
营业利润率AMTRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 34.6% | ||
| Q3 25 | 45.4% | 33.4% | ||
| Q2 25 | 45.6% | 33.7% | ||
| Q1 25 | 48.9% | 33.0% | ||
| Q4 24 | 42.4% | 32.5% | ||
| Q3 24 | 45.2% | 31.6% |
净利率AMTRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 27.6% | ||
| Q3 25 | 33.6% | 26.1% | ||
| Q2 25 | 14.5% | 28.2% | ||
| Q1 25 | 19.5% | 28.3% | ||
| Q4 24 | 48.3% | 26.9% | ||
| Q3 24 | -30.9% | 25.4% |
每股收益（稀释后）AMTRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $2.68 | ||
| Q3 25 | $1.82 | $2.37 | ||
| Q2 25 | $0.78 | $2.58 | ||
| Q1 25 | $1.04 | $2.48 | ||
| Q4 24 | $2.63 | $2.34 | ||
| Q3 24 | $-1.69 | $2.11 |
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 | $1.4B |
| 总债务越低越好 | — | $663.8M |
| 股东权益账面价值 | $10.2B | $6.3B |
| 总资产 | — | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资AMTRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $932.7M | ||
| Q4 24 | $2.0B | $521.9M | ||
| Q3 24 | $2.2B | $426.4M |
总债务AMTRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $403.9M | ||
| Q3 25 | $34.9B | $408.7M | ||
| Q2 25 | $35.2B | $658.4M | ||
| Q1 25 | $34.0B | $663.1M | ||
| Q4 24 | $32.8B | $662.9M | ||
| Q3 24 | $33.4B | $667.6M |
股东权益AMTRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $6.3B | ||
| Q3 25 | $4.0B | $6.1B | ||
| Q2 25 | $3.7B | $6.0B | ||
| Q1 25 | $3.5B | $5.5B | ||
| Q4 24 | $3.4B | $5.3B | ||
| Q3 24 | $3.6B | $5.2B |
总资产AMTRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $8.5B | ||
| Q3 25 | $63.9B | $8.3B | ||
| Q2 25 | $63.8B | $8.2B | ||
| Q1 25 | $62.1B | $7.6B | ||
| Q4 24 | $61.1B | $7.1B | ||
| Q3 24 | $62.8B | $7.2B |
负债/权益比AMTRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 0.06× | ||
| Q3 25 | 8.82× | 0.07× | ||
| Q2 25 | 9.48× | 0.11× | ||
| Q1 25 | 9.63× | 0.12× | ||
| Q4 24 | 9.70× | 0.13× | ||
| Q3 24 | 9.16× | 0.13× |
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AMTRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $339.7M | ||
| Q3 25 | $1.5B | $457.3M | ||
| Q2 25 | $1.3B | $538.8M | ||
| Q1 25 | $1.3B | $578.7M | ||
| Q4 24 | $5.3B | $308.6M | ||
| Q3 24 | $1.5B | $325.5M |
自由现金流AMTRMD
| Q2 26 | — | — | ||
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $311.2M | ||
| Q3 25 | $994.5M | $414.4M | ||
| Q2 25 | $976.9M | $508.2M | ||
| Q1 25 | $963.9M | $557.9M | ||
| Q4 24 | $3.7B | $288.0M | ||
| Q3 24 | $1.0B | $307.7M |
自由现金流率AMTRMD
| Q2 26 | — | — | ||
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 21.9% | ||
| Q3 25 | 36.6% | 31.0% | ||
| Q2 25 | 37.2% | 37.7% | ||
| Q1 25 | 37.6% | 43.2% | ||
| Q4 24 | 145.3% | 22.5% | ||
| Q3 24 | 41.4% | 25.1% |
资本支出强度AMTRMD
| Q2 26 | — | — | ||
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 2.0% | ||
| Q3 25 | 17.1% | 3.2% | ||
| Q2 25 | 11.6% | 2.3% | ||
| Q1 25 | 12.9% | 1.6% | ||
| Q4 24 | 62.4% | 1.6% | ||
| Q3 24 | 16.8% | 1.5% |
现金转化率AMTRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 0.87× | ||
| Q3 25 | 1.60× | 1.31× | ||
| Q2 25 | 3.37× | 1.42× | ||
| Q1 25 | 2.60× | 1.59× | ||
| Q4 24 | 4.30× | 0.90× | ||
| Q3 24 | — | 1.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
