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美国铁塔（AMT）与ROKU, INC（ROKU）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ROKU, INC的2.0倍（$2.7B vs $1.4B），美国铁塔净利率更高（110.1% vs 5.8%，领先104.3%），ROKU, INC同比增速更快（16.1% vs 6.8%），美国铁塔自由现金流更多（$941.0M vs $106.6M），过去两年ROKU, INC的营收复合增速更高（25.8% 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。
Roku是美国流媒体技术企业，2002年由安东尼·伍德创立，主营数字媒体播放器、电视硬件生产，流媒体内容分发及平台广告运营。截至2024年覆盖用户达1.45亿，是美国流媒体视频分发领域的市场领导者，业务覆盖澳、加、法、德、英及拉美多国。
AMT vs ROKU — 直观对比
营收规模更大
AMT
是对方的2.0倍
$1.4B
营收增速更快
ROKU
高出9.3%
6.8%
净利率更高
AMT
高出104.3%
5.8%
自由现金流更多
AMT
多$834.4M
$106.6M
两年增速更快
ROKU
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $3.0B | $80.5M |
| 毛利率 | — | 43.5% |
| 营业利润率 | 0.0% | 4.7% |
| 净利率 | 110.1% | 5.8% |
| 营收同比 | 6.8% | 16.1% |
| 净利润同比 | -2.6% | 326.4% |
| 每股收益（稀释后） | — | $0.55 |
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AMTROKU
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.2B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.0B | ||
| Q4 24 | $2.5B | $1.2B | ||
| Q3 24 | $2.5B | $1.1B | ||
| Q2 24 | $2.5B | $968.2M |
净利润AMTROKU
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $80.5M | ||
| Q3 25 | $912.6M | $24.8M | ||
| Q2 25 | $380.5M | $10.5M | ||
| Q1 25 | $498.6M | $-27.4M | ||
| Q4 24 | $1.2B | $-35.5M | ||
| Q3 24 | $-780.4M | $-9.0M | ||
| Q2 24 | $908.4M | $-34.0M |
毛利率AMTROKU
| Q1 26 | — | — | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 43.4% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 43.6% | ||
| Q4 24 | — | 42.7% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.9% |
营业利润率AMTROKU
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 4.7% | ||
| Q3 25 | 45.4% | 0.8% | ||
| Q2 25 | 45.6% | -2.1% | ||
| Q1 25 | 48.9% | -5.7% | ||
| Q4 24 | 42.4% | -3.3% | ||
| Q3 24 | 45.2% | -3.4% | ||
| Q2 24 | 45.4% | -7.4% |
净利率AMTROKU
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 5.8% | ||
| Q3 25 | 33.6% | 2.0% | ||
| Q2 25 | 14.5% | 0.9% | ||
| Q1 25 | 19.5% | -2.7% | ||
| Q4 24 | 48.3% | -3.0% | ||
| Q3 24 | -30.9% | -0.9% | ||
| Q2 24 | 35.7% | -3.5% |
每股收益（稀释后）AMTROKU
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $0.55 | ||
| Q3 25 | $1.82 | $0.16 | ||
| Q2 25 | $0.78 | $0.07 | ||
| Q1 25 | $1.04 | $-0.19 | ||
| Q4 24 | $2.63 | $-0.24 | ||
| Q3 24 | $-1.69 | $-0.06 | ||
| Q2 24 | $1.92 | $-0.24 |
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 | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $2.7B |
| 总资产 | — | $4.4B |
| 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AMTROKU
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $2.3B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.0B | $2.2B | ||
| Q3 24 | $2.2B | $2.1B | ||
| Q2 24 | $2.2B | $2.1B |
总债务AMTROKU
| 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AMTROKU
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $3.7B | $2.6B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.4B | $2.5B | ||
| Q3 24 | $3.6B | $2.5B | ||
| Q2 24 | $3.9B | $2.4B |
总资产AMTROKU
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $4.4B | ||
| Q3 25 | $63.9B | $4.4B | ||
| Q2 25 | $63.8B | $4.3B | ||
| Q1 25 | $62.1B | $4.2B | ||
| Q4 24 | $61.1B | $4.3B | ||
| Q3 24 | $62.8B | $4.3B | ||
| Q2 24 | $65.8B | $4.1B |
负债/权益比AMTROKU
| 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 | — | $107.7M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $106.6M |
| 自由现金流率自由现金流/营收 | 34.4% | 7.6% |
| 资本支出强度资本支出/营收 | 16.8% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.34× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $478.4M |
8季度趋势，按日历期对齐
经营现金流AMTROKU
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $107.7M | ||
| Q3 25 | $1.5B | $127.6M | ||
| Q2 25 | $1.3B | $109.7M | ||
| Q1 25 | $1.3B | $138.7M | ||
| Q4 24 | $5.3B | $79.3M | ||
| Q3 24 | $1.5B | $68.7M | ||
| Q2 24 | $1.3B | $23.4M |
自由现金流AMTROKU
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $106.6M | ||
| Q3 25 | $994.5M | $126.5M | ||
| Q2 25 | $976.9M | $108.6M | ||
| Q1 25 | $963.9M | $136.8M | ||
| Q4 24 | $3.7B | $76.8M | ||
| Q3 24 | $1.0B | $67.6M | ||
| Q2 24 | $1.0B | $22.5M |
自由现金流率AMTROKU
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 7.6% | ||
| Q3 25 | 36.6% | 10.4% | ||
| Q2 25 | 37.2% | 9.8% | ||
| Q1 25 | 37.6% | 13.4% | ||
| Q4 24 | 145.3% | 6.4% | ||
| Q3 24 | 41.4% | 6.4% | ||
| Q2 24 | 39.8% | 2.3% |
资本支出强度AMTROKU
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 0.1% | ||
| Q3 25 | 17.1% | 0.1% | ||
| Q2 25 | 11.6% | 0.1% | ||
| Q1 25 | 12.9% | 0.2% | ||
| Q4 24 | 62.4% | 0.2% | ||
| Q3 24 | 16.8% | 0.1% | ||
| Q2 24 | 12.8% | 0.1% |
现金转化率AMTROKU
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.34× | ||
| Q3 25 | 1.60× | 5.14× | ||
| Q2 25 | 3.37× | 10.45× | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | — |
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
ROKU
| Services | $1.2B | 88% |
| Products | $170.9M | 12% |
