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美国铁塔（AMT）与RXO, Inc.（RXO）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RXO, Inc.的1.9倍（$2.7B vs $1.5B），美国铁塔净利率更高（110.1% vs -3.1%，领先113.2%），美国铁塔同比增速更快（6.8% vs -11.9%），美国铁塔自由现金流更多（$941.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% 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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
AMT vs RXO — 直观对比
营收规模更大
AMT
是对方的1.9倍
$1.5B
营收增速更快
AMT
高出18.7%
-11.9%
净利率更高
AMT
高出113.2%
-3.1%
自由现金流更多
AMT
多$950.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.5B |
| 净利润 | $3.0B | $-46.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | -2.9% |
| 净利率 | 110.1% | -3.1% |
| 营收同比 | 6.8% | -11.9% |
| 净利润同比 | -2.6% | -84.0% |
| 每股收益（稀释后） | — | $-0.28 |
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AMTRXO
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.6B | $1.4B | ||
| Q4 24 | $2.5B | $1.7B | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $2.5B | $930.0M |
净利润AMTRXO
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $-46.0M | ||
| Q3 25 | $912.6M | $-14.0M | ||
| Q2 25 | $380.5M | $-9.0M | ||
| Q1 25 | $498.6M | $-31.0M | ||
| Q4 24 | $1.2B | $-25.0M | ||
| Q3 24 | $-780.4M | $-243.0M | ||
| Q2 24 | $908.4M | $-7.0M |
营业利润率AMTRXO
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | -2.9% | ||
| Q3 25 | 45.4% | -0.5% | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 48.9% | -2.1% | ||
| Q4 24 | 42.4% | -1.4% | ||
| Q3 24 | 45.2% | -1.9% | ||
| Q2 24 | 45.4% | — |
净利率AMTRXO
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | -3.1% | ||
| Q3 25 | 33.6% | -1.0% | ||
| Q2 25 | 14.5% | -0.6% | ||
| Q1 25 | 19.5% | -2.2% | ||
| Q4 24 | 48.3% | -1.5% | ||
| Q3 24 | -30.9% | -23.4% | ||
| Q2 24 | 35.7% | -0.8% |
每股收益（稀释后）AMTRXO
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $-0.28 | ||
| Q3 25 | $1.82 | $-0.08 | ||
| Q2 25 | $0.78 | $-0.05 | ||
| Q1 25 | $1.04 | $-0.18 | ||
| Q4 24 | $2.63 | $-0.17 | ||
| Q3 24 | $-1.69 | $-1.81 | ||
| Q2 24 | $1.92 | $-0.06 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $10.2B | $1.5B |
| 总资产 | — | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资AMTRXO
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $17.0M | ||
| Q3 25 | $2.0B | $25.0M | ||
| Q2 25 | $2.1B | $18.0M | ||
| Q1 25 | $2.1B | $16.0M | ||
| Q4 24 | $2.0B | $35.0M | ||
| Q3 24 | $2.2B | $55.0M | ||
| Q2 24 | $2.2B | $7.0M |
总债务AMTRXO
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $387.0M | ||
| Q3 25 | $34.9B | $387.0M | ||
| Q2 25 | $35.2B | $387.0M | ||
| Q1 25 | $34.0B | $387.0M | ||
| Q4 24 | $32.8B | $351.0M | ||
| Q3 24 | $33.4B | $352.0M | ||
| Q2 24 | $35.6B | $370.0M |
股东权益AMTRXO
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $1.5B | ||
| Q3 25 | $4.0B | $1.6B | ||
| Q2 25 | $3.7B | $1.6B | ||
| Q1 25 | $3.5B | $1.6B | ||
| Q4 24 | $3.4B | $1.6B | ||
| Q3 24 | $3.6B | $1.7B | ||
| Q2 24 | $3.9B | $579.0M |
总资产AMTRXO
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $3.3B | ||
| Q3 25 | $63.9B | $3.2B | ||
| Q2 25 | $63.8B | $3.2B | ||
| Q1 25 | $62.1B | $3.3B | ||
| Q4 24 | $61.1B | $3.4B | ||
| Q3 24 | $62.8B | $3.4B | ||
| Q2 24 | $65.8B | $1.8B |
负债/权益比AMTRXO
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 0.25× | ||
| Q3 25 | 8.82× | 0.24× | ||
| Q2 25 | 9.48× | 0.24× | ||
| Q1 25 | 9.63× | 0.24× | ||
| Q4 24 | 9.70× | 0.22× | ||
| Q3 24 | 9.16× | 0.21× | ||
| Q2 24 | 9.24× | 0.64× |
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 | — | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 34.4% | -0.6% |
| 资本支出强度资本支出/营收 | 16.8% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流AMTRXO
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $7.0M | ||
| Q3 25 | $1.5B | $23.0M | ||
| Q2 25 | $1.3B | $23.0M | ||
| Q1 25 | $1.3B | $-2.0M | ||
| Q4 24 | $5.3B | $-7.0M | ||
| Q3 24 | $1.5B | $-7.0M | ||
| Q2 24 | $1.3B | $-5.0M |
自由现金流AMTRXO
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $-9.0M | ||
| Q3 25 | $994.5M | $9.0M | ||
| Q2 25 | $976.9M | $9.0M | ||
| Q1 25 | $963.9M | $-17.0M | ||
| Q4 24 | $3.7B | $-19.0M | ||
| Q3 24 | $1.0B | $-18.0M | ||
| Q2 24 | $1.0B | $-16.0M |
自由现金流率AMTRXO
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | -0.6% | ||
| Q3 25 | 36.6% | 0.6% | ||
| Q2 25 | 37.2% | 0.6% | ||
| Q1 25 | 37.6% | -1.2% | ||
| Q4 24 | 145.3% | -1.1% | ||
| Q3 24 | 41.4% | -1.7% | ||
| Q2 24 | 39.8% | -1.7% |
资本支出强度AMTRXO
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 1.1% | ||
| Q3 25 | 17.1% | 1.0% | ||
| Q2 25 | 11.6% | 1.0% | ||
| Q1 25 | 12.9% | 1.0% | ||
| Q4 24 | 62.4% | 0.7% | ||
| Q3 24 | 16.8% | 1.1% | ||
| Q2 24 | 12.8% | 1.2% |
现金转化率AMTRXO
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | — | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 3.37× | — | ||
| 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
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
