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美国铁塔（AMT）与STRATUS PROPERTIES INC（STRS）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STRATUS PROPERTIES INC的26.5倍（$219.8M vs $8.3M）。美国铁塔净利率更高（380.7% vs 203.2%，领先177.5%）。美国铁塔同比增速更快（4.5% vs -19.4%）。美国铁塔自由现金流更多（$848.3M vs $-5.8M）。过去两年美国铁塔的营收复合增速更高（12.0% vs -44.1%）
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。
该企业是一家涵盖酒店、度假村、娱乐与传媒业务的综合性公司，名称源自其旗下资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司发展可追溯至爱德华·盖洛德旗下俄克拉荷马出版公司的子公司时期，1983年收购WSM公司后奠定了现代企业的业务基础，借此获得了大奥普里等知名相关资产。
AMT vs STRS — 直观对比
营收规模更大
AMT
是对方的26.5倍
$8.3M
营收增速更快
AMT
高出23.9%
-19.4%
净利率更高
AMT
高出177.5%
203.2%
自由现金流更多
AMT
多$854.1M
$-5.8M
两年增速更快
AMT
近两年复合增速
-44.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $219.8M | $8.3M |
| 净利润 | $836.8M | $16.9M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 380.7% | 203.2% |
| 营收同比 | 4.5% | -19.4% |
| 净利润同比 | -32.0% | 1293.4% |
| 每股收益（稀释后） | $1.76 | $2.42 |
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AMTSTRS
| Q4 25 | $219.8M | $8.3M | ||
| Q3 25 | $246.4M | $5.0M | ||
| Q2 25 | $243.7M | $11.6M | ||
| Q1 25 | $226.0M | $5.0M | ||
| Q4 24 | $210.4M | $10.3M | ||
| Q3 24 | $190.4M | $8.9M | ||
| Q2 24 | $198.6M | $8.5M | ||
| Q1 24 | $175.2M | $26.5M |
净利润AMTSTRS
| Q4 25 | $836.8M | $16.9M | ||
| Q3 25 | $912.6M | $-8.0M | ||
| Q2 25 | $380.5M | $-2.3M | ||
| Q1 25 | $498.6M | $-3.8M | ||
| Q4 24 | $1.2B | $-1.4M | ||
| Q3 24 | $-780.4M | $-1.4M | ||
| Q2 24 | $908.4M | $-2.8M | ||
| Q1 24 | $921.7M | $3.7M |
毛利率AMTSTRS
| Q4 25 | — | — | ||
| Q3 25 | — | -85.1% | ||
| Q2 25 | — | -19.0% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 10.9% | ||
| Q1 24 | — | 30.7% |
营业利润率AMTSTRS
| Q4 25 | — | — | ||
| Q3 25 | — | -162.9% | ||
| Q2 25 | — | -6.5% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -13.6% | ||
| Q3 24 | — | -17.1% | ||
| Q2 24 | — | -34.4% | ||
| Q1 24 | — | 13.9% |
净利率AMTSTRS
| Q4 25 | 380.7% | 203.2% | ||
| Q3 25 | 370.4% | -161.1% | ||
| Q2 25 | 156.1% | -19.8% | ||
| Q1 25 | 220.6% | -74.5% | ||
| Q4 24 | 584.8% | -13.7% | ||
| Q3 24 | -409.9% | -15.9% | ||
| Q2 24 | 457.4% | -32.7% | ||
| Q1 24 | 526.1% | 13.9% |
每股收益（稀释后）AMTSTRS
| Q4 25 | $1.76 | $2.42 | ||
| Q3 25 | $1.82 | $-0.62 | ||
| Q2 25 | $0.78 | $0.03 | ||
| Q1 25 | $1.04 | $-0.36 | ||
| Q4 24 | $2.63 | $-0.06 | ||
| Q3 24 | $-1.69 | $-0.05 | ||
| Q2 24 | $1.92 | $-0.21 | ||
| Q1 24 | $1.96 | $0.56 |
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 | $1.5B | $74.3M |
| 总债务越低越好 | $33.8B | — |
| 股东权益账面价值 | $3.7B | $204.5M |
| 总资产 | $63.2B | $563.4M |
| 负债/权益比越低杠杆越低 | 9.26× | — |
8季度趋势，按日历期对齐
现金及短期投资AMTSTRS
| Q4 25 | $1.5B | $74.3M | ||
| Q3 25 | $2.0B | $55.0M | ||
| Q2 25 | $2.1B | $59.4M | ||
| Q1 25 | $2.1B | $12.0M | ||
| Q4 24 | $2.0B | $20.2M | ||
| Q3 24 | $2.2B | $19.6M | ||
| Q2 24 | $2.5B | $13.5M | ||
| Q1 24 | $2.4B | $20.7M |
总债务AMTSTRS
| 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 | — | ||
| Q1 24 | $36.2B | — |
股东权益AMTSTRS
| Q4 25 | $3.7B | $204.5M | ||
| Q3 25 | $4.0B | $185.8M | ||
| Q2 25 | $3.7B | $191.9M | ||
| Q1 25 | $3.5B | $191.5M | ||
| Q4 24 | $3.4B | $194.7M | ||
| Q3 24 | $3.6B | $196.4M | ||
| Q2 24 | $3.9B | $196.3M | ||
| Q1 24 | $4.0B | $197.6M |
总资产AMTSTRS
| Q4 25 | $63.2B | $563.4M | ||
| Q3 25 | $63.9B | $572.6M | ||
| Q2 25 | $63.8B | $574.8M | ||
| Q1 25 | $62.1B | $534.6M | ||
| Q4 24 | $61.1B | $532.6M | ||
| Q3 24 | $62.8B | $523.2M | ||
| Q2 24 | $65.8B | $514.0M | ||
| Q1 24 | $66.7B | $509.5M |
负债/权益比AMTSTRS
| 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× | — | ||
| Q1 24 | 8.94× | — |
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 | $1.4B | $-5.8M |
| 自由现金流经营现金流 - 资本支出 | $848.3M | $-5.8M |
| 自由现金流率自由现金流/营收 | 385.9% | -70.2% |
| 资本支出强度资本支出/营收 | 263.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.71× | -0.34× |
| 过去12个月自由现金流最近4个季度 | $3.8B | $-38.0M |
8季度趋势，按日历期对齐
经营现金流AMTSTRS
| Q4 25 | $1.4B | $-5.8M | ||
| Q3 25 | $1.5B | $-9.0M | ||
| Q2 25 | $1.3B | $-1.7M | ||
| Q1 25 | $1.3B | $-13.5M | ||
| Q4 24 | $1.2B | $-3.4M | ||
| Q3 24 | $1.5B | $-686.0K | ||
| Q2 24 | $1.3B | $-8.3M | ||
| Q1 24 | $1.3B | $6.5M |
自由现金流AMTSTRS
| Q4 25 | $848.3M | $-5.8M | ||
| Q3 25 | $994.5M | $-9.9M | ||
| Q2 25 | $976.9M | $-4.3M | ||
| Q1 25 | $963.9M | $-18.0M | ||
| Q4 24 | $755.6M | $-9.6M | ||
| Q3 24 | $1.0B | $-7.5M | ||
| Q2 24 | $1.0B | $-16.3M | ||
| Q1 24 | $886.9M | $-1.6M |
自由现金流率AMTSTRS
| Q4 25 | 385.9% | -70.2% | ||
| Q3 25 | 403.6% | -198.7% | ||
| Q2 25 | 400.9% | -37.2% | ||
| Q1 25 | 426.5% | -357.4% | ||
| Q4 24 | 359.1% | -93.4% | ||
| Q3 24 | 548.7% | -84.4% | ||
| Q2 24 | 510.2% | -191.6% | ||
| Q1 24 | 506.2% | -6.0% |
资本支出强度AMTSTRS
| Q4 25 | 263.5% | 0.8% | ||
| Q3 25 | 188.9% | 18.4% | ||
| Q2 25 | 125.0% | 22.7% | ||
| Q1 25 | 146.5% | 89.8% | ||
| Q4 24 | 210.7% | 60.0% | ||
| Q3 24 | 223.1% | 76.7% | ||
| Q2 24 | 163.7% | 94.2% | ||
| Q1 24 | 226.4% | 30.7% |
现金转化率AMTSTRS
| Q4 25 | 1.71× | -0.34× | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 3.37× | — | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 1.39× | 1.77× |
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
| Other | $82.9M | 38% |
| Non Lease Property Revenue | $72.5M | 33% |
| Services Revenue | $64.4M | 29% |
STRS
暂无分部数据
