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美国铁塔（AMT）与J.M. Smucker Company (The)（SJM）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J.M. Smucker Company (The)的1.2倍（$2.7B vs $2.3B），美国铁塔净利率更高（110.1% vs 10.4%，领先99.8%），美国铁塔同比增速更快（6.8% vs 2.6%），美国铁塔自由现金流更多（$941.0M vs $280.2M），过去两年美国铁塔的营收复合增速更高（3.7% vs 2.2%）
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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
AMT vs SJM — 直观对比
营收规模更大
AMT
是对方的1.2倍
$2.3B
营收增速更快
AMT
高出4.2%
2.6%
净利率更高
AMT
高出99.8%
10.4%
自由现金流更多
AMT
多$660.8M
$280.2M
两年增速更快
AMT
近两年复合增速
2.2%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.3B |
| 净利润 | $3.0B | $241.3M |
| 毛利率 | — | 37.3% |
| 营业利润率 | 0.0% | 18.0% |
| 净利率 | 110.1% | 10.4% |
| 营收同比 | 6.8% | 2.6% |
| 净利润同比 | -2.6% | 1084.9% |
| 每股收益（稀释后） | — | $2.26 |
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AMTSJM
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $2.7B | $2.1B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.5B | $2.1B | ||
| Q2 24 | $2.5B | $2.2B |
净利润AMTSJM
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $241.3M | ||
| Q3 25 | $912.6M | $-43.9M | ||
| Q2 25 | $380.5M | $-729.0M | ||
| Q1 25 | $498.6M | $-662.3M | ||
| Q4 24 | $1.2B | $-24.5M | ||
| Q3 24 | $-780.4M | $185.0M | ||
| Q2 24 | $908.4M | $245.1M |
毛利率AMTSJM
| Q1 26 | — | — | ||
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 41.4% |
营业利润率AMTSJM
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 18.0% | ||
| Q3 25 | 45.4% | 2.2% | ||
| Q2 25 | 45.6% | -27.9% | ||
| Q1 25 | 48.9% | -27.2% | ||
| Q4 24 | 42.4% | 7.5% | ||
| Q3 24 | 45.2% | 16.4% | ||
| Q2 24 | 45.4% | 18.4% |
净利率AMTSJM
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 10.4% | ||
| Q3 25 | 33.6% | -2.1% | ||
| Q2 25 | 14.5% | -34.0% | ||
| Q1 25 | 19.5% | -30.3% | ||
| Q4 24 | 48.3% | -1.1% | ||
| Q3 24 | -30.9% | 8.7% | ||
| Q2 24 | 35.7% | 11.1% |
每股收益（稀释后）AMTSJM
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $2.26 | ||
| Q3 25 | $1.82 | $-0.41 | ||
| Q2 25 | $0.78 | $-6.86 | ||
| Q1 25 | $1.04 | $-6.22 | ||
| Q4 24 | $2.63 | $-0.23 | ||
| Q3 24 | $-1.69 | $1.74 | ||
| Q2 24 | $1.92 | $2.31 |
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 | — |
| 总债务越低越好 | — | $7.0B |
| 股东权益账面价值 | $10.2B | $6.1B |
| 总资产 | — | $17.6B |
| 负债/权益比越低杠杆越低 | — | 1.16× |
8季度趋势，按日历期对齐
现金及短期投资AMTSJM
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — |
总债务AMTSJM
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $7.0B | ||
| Q3 25 | $34.9B | $7.0B | ||
| Q2 25 | $35.2B | $7.0B | ||
| Q1 25 | $34.0B | $7.4B | ||
| Q4 24 | $32.8B | $7.8B | ||
| Q3 24 | $33.4B | $7.8B | ||
| Q2 24 | $35.6B | $7.8B |
股东权益AMTSJM
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $6.1B | ||
| Q3 25 | $4.0B | $5.9B | ||
| Q2 25 | $3.7B | $6.1B | ||
| Q1 25 | $3.5B | $6.9B | ||
| Q4 24 | $3.4B | $7.6B | ||
| Q3 24 | $3.6B | $7.8B | ||
| Q2 24 | $3.9B | $7.7B |
总资产AMTSJM
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $17.6B | ||
| Q3 25 | $63.9B | $17.7B | ||
| Q2 25 | $63.8B | $17.6B | ||
| Q1 25 | $62.1B | $18.4B | ||
| Q4 24 | $61.1B | $20.0B | ||
| Q3 24 | $62.8B | $20.3B | ||
| Q2 24 | $65.8B | $20.3B |
负债/权益比AMTSJM
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 1.16× | ||
| Q3 25 | 8.82× | 1.19× | ||
| Q2 25 | 9.48× | 1.16× | ||
| Q1 25 | 9.63× | 1.07× | ||
| Q4 24 | 9.70× | 1.02× | ||
| Q3 24 | 9.16× | 1.00× | ||
| Q2 24 | 9.24× | 1.01× |
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 | — | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $280.2M |
| 自由现金流率自由现金流/营收 | 34.4% | 12.0% |
| 资本支出强度资本支出/营收 | 16.8% | 2.8% |
| 现金转化率经营现金流/净利润 | — | 1.44× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $635.5M |
8季度趋势，按日历期对齐
经营现金流AMTSJM
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $346.5M | ||
| Q3 25 | $1.5B | $-10.6M | ||
| Q2 25 | $1.3B | $393.9M | ||
| Q1 25 | $1.3B | $239.4M | ||
| Q4 24 | $5.3B | $404.2M | ||
| Q3 24 | $1.5B | $172.9M | ||
| Q2 24 | $1.3B | $428.1M |
自由现金流AMTSJM
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $280.2M | ||
| Q3 25 | $994.5M | $-94.9M | ||
| Q2 25 | $976.9M | $298.9M | ||
| Q1 25 | $963.9M | $151.3M | ||
| Q4 24 | $3.7B | $317.2M | ||
| Q3 24 | $1.0B | $49.2M | ||
| Q2 24 | $1.0B | $297.5M |
自由现金流率AMTSJM
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 12.0% | ||
| Q3 25 | 36.6% | -4.5% | ||
| Q2 25 | 37.2% | 13.9% | ||
| Q1 25 | 37.6% | 6.9% | ||
| Q4 24 | 145.3% | 14.0% | ||
| Q3 24 | 41.4% | 2.3% | ||
| Q2 24 | 39.8% | 13.5% |
资本支出强度AMTSJM
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 2.8% | ||
| Q3 25 | 17.1% | 4.0% | ||
| Q2 25 | 11.6% | 4.4% | ||
| Q1 25 | 12.9% | 4.0% | ||
| Q4 24 | 62.4% | 3.8% | ||
| Q3 24 | 16.8% | 5.8% | ||
| Q2 24 | 12.8% | 5.9% |
现金转化率AMTSJM
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.44× | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 3.37× | — | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 4.30× | — | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | 1.47× | 1.75× |
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
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
