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美国铁塔（AMT）与RENAISSANCERE HOLDINGS LTD（RNR）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RENAISSANCERE HOLDINGS LTD的1.2倍（$2.7B vs $2.2B），美国铁塔净利率更高（110.1% vs 23.5%，领先86.6%），美国铁塔同比增速更快（6.8% vs -36.8%），过去两年美国铁塔的营收复合增速更高（3.7% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
AMT vs RNR — 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
AMT
高出43.6%
-36.8%
净利率更高
AMT
高出86.6%
23.5%
两年增速更快
AMT
近两年复合增速
-11.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.2B |
| 净利润 | $3.0B | $515.8M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | — |
| 净利率 | 110.1% | 23.5% |
| 营收同比 | 6.8% | -36.8% |
| 净利润同比 | -2.6% | 72.6% |
| 每股收益（稀释后） | — | $6.57 |
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AMTRNR
| Q1 26 | $2.7B | $2.2B | ||
| Q4 25 | $2.7B | $3.0B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.6B | $3.2B | ||
| Q1 25 | $2.6B | $3.5B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.5B | $4.0B | ||
| Q2 24 | $2.5B | $2.8B |
净利润AMTRNR
| Q1 26 | $3.0B | $515.8M | ||
| Q4 25 | $836.8M | $760.5M | ||
| Q3 25 | $912.6M | $916.5M | ||
| Q2 25 | $380.5M | $835.4M | ||
| Q1 25 | $498.6M | $170.0M | ||
| Q4 24 | $1.2B | $-189.7M | ||
| Q3 24 | $-780.4M | $1.2B | ||
| Q2 24 | $908.4M | $503.9M |
营业利润率AMTRNR
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 42.5% | ||
| Q3 25 | 45.4% | 46.3% | ||
| Q2 25 | 45.6% | 41.8% | ||
| Q1 25 | 48.9% | -2.0% | ||
| Q4 24 | 42.4% | -3.6% | ||
| Q3 24 | 45.2% | 43.7% | ||
| Q2 24 | 45.4% | 25.0% |
净利率AMTRNR
| Q1 26 | 110.1% | 23.5% | ||
| Q4 25 | 30.6% | 25.6% | ||
| Q3 25 | 33.6% | 28.7% | ||
| Q2 25 | 14.5% | 26.1% | ||
| Q1 25 | 19.5% | 4.9% | ||
| Q4 24 | 48.3% | -8.3% | ||
| Q3 24 | -30.9% | 29.8% | ||
| Q2 24 | 35.7% | 17.8% |
每股收益（稀释后）AMTRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $1.76 | $16.16 | ||
| Q3 25 | $1.82 | $19.40 | ||
| Q2 25 | $0.78 | $17.20 | ||
| Q1 25 | $1.04 | $3.27 | ||
| Q4 24 | $2.63 | $-3.76 | ||
| Q3 24 | $-1.69 | $22.62 | ||
| Q2 24 | $1.92 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $4.3B |
| 总资产 | — | $53.7B |
| 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AMTRNR
| Q1 26 | $1.6B | $1.6B | ||
| Q4 25 | $1.5B | $1.7B | ||
| Q3 25 | $2.0B | $1.7B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.2B | $1.6B |
总债务AMTRNR
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $2.3B | ||
| Q3 25 | $34.9B | $2.2B | ||
| Q2 25 | $35.2B | $2.3B | ||
| Q1 25 | $34.0B | $2.8B | ||
| Q4 24 | $32.8B | $1.9B | ||
| Q3 24 | $33.4B | $1.9B | ||
| Q2 24 | $35.6B | $2.0B |
股东权益AMTRNR
| Q1 26 | $10.2B | $4.3B | ||
| Q4 25 | $3.7B | $11.6B | ||
| Q3 25 | $4.0B | $11.5B | ||
| Q2 25 | $3.7B | $10.8B | ||
| Q1 25 | $3.5B | $10.3B | ||
| Q4 24 | $3.4B | $10.6B | ||
| Q3 24 | $3.6B | $11.2B | ||
| Q2 24 | $3.9B | $10.2B |
总资产AMTRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $63.2B | $53.8B | ||
| Q3 25 | $63.9B | $54.5B | ||
| Q2 25 | $63.8B | $54.7B | ||
| Q1 25 | $62.1B | $53.6B | ||
| Q4 24 | $61.1B | $50.7B | ||
| Q3 24 | $62.8B | $52.8B | ||
| Q2 24 | $65.8B | $51.6B |
负债/权益比AMTRNR
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 0.20× | ||
| Q3 25 | 8.82× | 0.19× | ||
| Q2 25 | 9.48× | 0.21× | ||
| Q1 25 | 9.63× | 0.27× | ||
| Q4 24 | 9.70× | 0.18× | ||
| Q3 24 | 9.16× | 0.17× | ||
| Q2 24 | 9.24× | 0.19× |
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AMTRNR
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $483.0M | ||
| Q3 25 | $1.5B | $1.6B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $157.8M | ||
| Q4 24 | $5.3B | $778.9M | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.3B | $1.2B |
自由现金流AMTRNR
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | $994.5M | — | ||
| Q2 25 | $976.9M | — | ||
| Q1 25 | $963.9M | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $1.0B | — |
自由现金流率AMTRNR
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 37.6% | — | ||
| Q4 24 | 145.3% | — | ||
| Q3 24 | 41.4% | — | ||
| Q2 24 | 39.8% | — |
资本支出强度AMTRNR
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | — | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 12.9% | — | ||
| Q4 24 | 62.4% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 12.8% | — |
现金转化率AMTRNR
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 0.64× | ||
| Q3 25 | 1.60× | 1.73× | ||
| Q2 25 | 3.37× | 1.76× | ||
| Q1 25 | 2.60× | 0.93× | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | 1.47× | 2.41× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
