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美国铁塔（AMT）与Roper Technologies（ROP）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Roper Technologies的1.3倍（$2.7B vs $2.1B），美国铁塔净利率更高（110.1% vs 15.8%，领先94.3%），美国铁塔自由现金流更多（$941.0M vs $507.0M），过去两年Roper Technologies的营收复合增速更高（10.5% 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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
AMT vs ROP — 直观对比
营收规模更大
AMT
是对方的1.3倍
$2.1B
净利率更高
AMT
高出94.3%
15.8%
自由现金流更多
AMT
多$434.0M
$507.0M
两年增速更快
ROP
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.1B |
| 净利润 | $3.0B | $331.0M |
| 毛利率 | — | 69.4% |
| 营业利润率 | 0.0% | 27.2% |
| 净利率 | 110.1% | 15.8% |
| 营收同比 | — | 11.3% |
| 净利润同比 | — | 53.7% |
| 每股收益（稀释后） | — | $4.87 |
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AMTROP
| Q1 26 | $2.7B | $2.1B | ||
| Q4 25 | $2.7B | $2.1B | ||
| Q3 25 | $2.7B | $2.0B | ||
| Q2 25 | $2.6B | $1.9B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.5B | $1.9B | ||
| Q3 24 | $2.5B | $1.8B | ||
| Q2 24 | $2.5B | $1.7B |
净利润AMTROP
| Q1 26 | $3.0B | $331.0M | ||
| Q4 25 | $836.8M | $428.4M | ||
| Q3 25 | $912.6M | $398.5M | ||
| Q2 25 | $380.5M | $378.3M | ||
| Q1 25 | $498.6M | $331.1M | ||
| Q4 24 | $1.2B | $462.3M | ||
| Q3 24 | $-780.4M | $367.9M | ||
| Q2 24 | $908.4M | $337.1M |
毛利率AMTROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | — | 69.5% | ||
| Q3 25 | — | 69.5% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.3% | ||
| Q3 24 | — | 69.2% | ||
| Q2 24 | — | 69.5% |
营业利润率AMTROP
| Q1 26 | 0.0% | 27.2% | ||
| Q4 25 | 42.4% | 28.6% | ||
| Q3 25 | 45.4% | 28.4% | ||
| Q2 25 | 45.6% | 28.2% | ||
| Q1 25 | 48.9% | 27.9% | ||
| Q4 24 | 42.4% | 28.0% | ||
| Q3 24 | 45.2% | 28.1% | ||
| Q2 24 | 45.4% | 28.8% |
净利率AMTROP
| Q1 26 | 110.1% | 15.8% | ||
| Q4 25 | 30.6% | 20.8% | ||
| Q3 25 | 33.6% | 19.8% | ||
| Q2 25 | 14.5% | 19.5% | ||
| Q1 25 | 19.5% | 17.6% | ||
| Q4 24 | 48.3% | 24.6% | ||
| Q3 24 | -30.9% | 20.8% | ||
| Q2 24 | 35.7% | 19.6% |
每股收益（稀释后）AMTROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $1.76 | $3.97 | ||
| Q3 25 | $1.82 | $3.68 | ||
| Q2 25 | $0.78 | $3.49 | ||
| Q1 25 | $1.04 | $3.06 | ||
| Q4 24 | $2.63 | $4.29 | ||
| Q3 24 | $-1.69 | $3.40 | ||
| Q2 24 | $1.92 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $10.2B | $18.8B |
| 总资产 | — | $34.6B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资AMTROP
| Q1 26 | $1.6B | $382.9M | ||
| Q4 25 | $1.5B | $297.4M | ||
| Q3 25 | $2.0B | $320.0M | ||
| Q2 25 | $2.1B | $242.4M | ||
| Q1 25 | $2.1B | $372.8M | ||
| Q4 24 | $2.0B | $188.2M | ||
| Q3 24 | $2.2B | $269.6M | ||
| Q2 24 | $2.2B | $251.5M |
总债务AMTROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $33.8B | $9.3B | ||
| Q3 25 | $34.9B | — | ||
| Q2 25 | $35.2B | — | ||
| Q1 25 | $34.0B | — | ||
| Q4 24 | $32.8B | $7.6B | ||
| Q3 24 | $33.4B | — | ||
| Q2 24 | $35.6B | — |
股东权益AMTROP
| Q1 26 | $10.2B | $18.8B | ||
| Q4 25 | $3.7B | $19.9B | ||
| Q3 25 | $4.0B | $20.0B | ||
| Q2 25 | $3.7B | $19.6B | ||
| Q1 25 | $3.5B | $19.2B | ||
| Q4 24 | $3.4B | $18.9B | ||
| Q3 24 | $3.6B | $18.5B | ||
| Q2 24 | $3.9B | $18.1B |
总资产AMTROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $63.2B | $34.6B | ||
| Q3 25 | $63.9B | $34.6B | ||
| Q2 25 | $63.8B | $33.2B | ||
| Q1 25 | $62.1B | $31.4B | ||
| Q4 24 | $61.1B | $31.3B | ||
| Q3 24 | $62.8B | $31.6B | ||
| Q2 24 | $65.8B | $29.8B |
负债/权益比AMTROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 9.26× | 0.47× | ||
| Q3 25 | 8.82× | — | ||
| Q2 25 | 9.48× | — | ||
| Q1 25 | 9.63× | — | ||
| Q4 24 | 9.70× | 0.40× | ||
| 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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $507.0M |
| 自由现金流率自由现金流/营收 | 34.4% | 24.2% |
| 资本支出强度资本支出/营收 | 16.8% | 0.5% |
| 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AMTROP
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $738.0M | ||
| Q3 25 | $1.5B | $869.5M | ||
| Q2 25 | $1.3B | $404.1M | ||
| Q1 25 | $1.3B | $528.7M | ||
| Q4 24 | $5.3B | $722.2M | ||
| Q3 24 | $1.5B | $755.4M | ||
| Q2 24 | $1.3B | $384.1M |
自由现金流AMTROP
| Q1 26 | $941.0M | $507.0M | ||
| 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AMTROP
| Q1 26 | 34.4% | 24.2% | ||
| 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AMTROP
| Q1 26 | 16.8% | 0.5% | ||
| 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AMTROP
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.72× | ||
| Q3 25 | 1.60× | 2.18× | ||
| Q2 25 | 3.37× | 1.07× | ||
| Q1 25 | 2.60× | 1.60× | ||
| Q4 24 | 4.30× | 1.56× | ||
| Q3 24 | — | 2.05× | ||
| Q2 24 | 1.47× | 1.14× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
