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美国铁塔（AMT）与希捷科技（STX）财务数据对比。点击上方公司名可切换其他公司
希捷科技的季度营收约是美国铁塔的1.1倍（$3.1B vs $2.7B），美国铁塔净利率更高（110.1% vs 24.0%，领先86.1%），希捷科技同比增速更快（44.1% vs 6.8%），希捷科技自由现金流更多（$953.0M vs $941.0M），过去两年希捷科技的营收复合增速更高（28.4% 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。
希捷科技是全球知名的美国数据存储企业，1978年注册成立时名为舒加特科技，1979年正式开展业务，2010年起注册地变更为爱尔兰都柏林，运营总部设在美国加利福尼亚州弗里蒙特，面向全球市场提供专业的数据存储产品与解决方案。
AMT vs STX — 直观对比
营收规模更大
STX
是对方的1.1倍
$2.7B
营收增速更快
STX
高出37.3%
6.8%
净利率更高
AMT
高出86.1%
24.0%
自由现金流更多
STX
多$12.0M
$941.0M
两年增速更快
STX
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.1B |
| 净利润 | $3.0B | $748.0M |
| 毛利率 | — | 46.5% |
| 营业利润率 | 0.0% | 32.1% |
| 净利率 | 110.1% | 24.0% |
| 营收同比 | 6.8% | 44.1% |
| 净利润同比 | -2.6% | -23.8% |
| 每股收益（稀释后） | — | $3.27 |
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AMTSTX
| Q3 26 | — | $3.1B | ||
| Q1 26 | $2.7B | $2.8B | ||
| Q4 25 | $2.7B | $2.6B | ||
| Q3 25 | $2.7B | — | ||
| Q2 25 | $2.6B | $2.4B | ||
| Q1 25 | $2.6B | $2.2B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.5B | $2.2B |
净利润AMTSTX
| Q3 26 | — | $748.0M | ||
| Q1 26 | $3.0B | $593.0M | ||
| Q4 25 | $836.8M | $549.0M | ||
| Q3 25 | $912.6M | — | ||
| Q2 25 | $380.5M | $488.0M | ||
| Q1 25 | $498.6M | $340.0M | ||
| Q4 24 | $1.2B | $336.0M | ||
| Q3 24 | $-780.4M | $305.0M |
毛利率AMTSTX
| Q3 26 | — | 46.5% | ||
| Q1 26 | — | 41.6% | ||
| Q4 25 | — | 39.4% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 37.4% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 34.9% | ||
| Q3 24 | — | 32.9% |
营业利润率AMTSTX
| Q3 26 | — | 32.1% | ||
| Q1 26 | 0.0% | 29.8% | ||
| Q4 25 | 42.4% | 26.4% | ||
| Q3 25 | 45.4% | — | ||
| Q2 25 | 45.6% | 23.2% | ||
| Q1 25 | 48.9% | 20.0% | ||
| Q4 24 | 42.4% | 21.0% | ||
| Q3 24 | 45.2% | 18.6% |
净利率AMTSTX
| Q3 26 | — | 24.0% | ||
| Q1 26 | 110.1% | 21.0% | ||
| Q4 25 | 30.6% | 20.9% | ||
| Q3 25 | 33.6% | — | ||
| Q2 25 | 14.5% | 20.0% | ||
| Q1 25 | 19.5% | 15.7% | ||
| Q4 24 | 48.3% | 14.5% | ||
| Q3 24 | -30.9% | 14.1% |
每股收益（稀释后）AMTSTX
| Q3 26 | — | $3.27 | ||
| Q1 26 | — | $2.60 | ||
| Q4 25 | $1.76 | $2.43 | ||
| Q3 25 | $1.82 | — | ||
| Q2 25 | $0.78 | $2.24 | ||
| Q1 25 | $1.04 | $1.57 | ||
| Q4 24 | $2.63 | $1.55 | ||
| Q3 24 | $-1.69 | $1.41 |
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 | $1.1B |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $10.2B | — |
| 总资产 | — | $8.9B |
| 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AMTSTX
| Q3 26 | — | $1.1B | ||
| Q1 26 | $1.6B | $1.0B | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | $891.0M | ||
| Q1 25 | $2.1B | $814.0M | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $2.2B | $1.2B |
总债务AMTSTX
| Q3 26 | — | $3.9B | ||
| 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 | — |
股东权益AMTSTX
| Q3 26 | — | — | ||
| Q1 26 | $10.2B | $459.0M | ||
| Q4 25 | $3.7B | $-63.0M | ||
| Q3 25 | $4.0B | — | ||
| Q2 25 | $3.7B | $-453.0M | ||
| Q1 25 | $3.5B | $-829.0M | ||
| Q4 24 | $3.4B | $-1.1B | ||
| Q3 24 | $3.6B | $-1.3B |
总资产AMTSTX
| Q3 26 | — | $8.9B | ||
| Q1 26 | — | $8.7B | ||
| Q4 25 | $63.2B | $8.4B | ||
| Q3 25 | $63.9B | — | ||
| Q2 25 | $63.8B | $8.0B | ||
| Q1 25 | $62.1B | $7.6B | ||
| Q4 24 | $61.1B | $8.0B | ||
| Q3 24 | $62.8B | $8.0B |
负债/权益比AMTSTX
| Q3 26 | — | — | ||
| 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× | — |
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 | — | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $953.0M |
| 自由现金流率自由现金流/营收 | 34.4% | 30.6% |
| 资本支出强度资本支出/营收 | 16.8% | — |
| 现金转化率经营现金流/净利润 | — | 3.17× |
| 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AMTSTX
| Q3 26 | — | $2.4B | ||
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $532.0M | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.3B | $508.0M | ||
| Q1 25 | $1.3B | $259.0M | ||
| Q4 24 | $5.3B | $221.0M | ||
| Q3 24 | $1.5B | $95.0M |
自由现金流AMTSTX
| Q3 26 | — | $953.0M | ||
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $427.0M | ||
| Q3 25 | $994.5M | — | ||
| Q2 25 | $976.9M | $425.0M | ||
| Q1 25 | $963.9M | $216.0M | ||
| Q4 24 | $3.7B | $150.0M | ||
| Q3 24 | $1.0B | $27.0M |
自由现金流率AMTSTX
| Q3 26 | — | 30.6% | ||
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 16.2% | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 37.2% | 17.4% | ||
| Q1 25 | 37.6% | 10.0% | ||
| Q4 24 | 145.3% | 6.5% | ||
| Q3 24 | 41.4% | 1.2% |
资本支出强度AMTSTX
| Q3 26 | — | — | ||
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 4.0% | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | 11.6% | 3.4% | ||
| Q1 25 | 12.9% | 2.0% | ||
| Q4 24 | 62.4% | 3.1% | ||
| Q3 24 | 16.8% | 3.1% |
现金转化率AMTSTX
| Q3 26 | — | 3.17× | ||
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 0.97× | ||
| Q3 25 | 1.60× | — | ||
| Q2 25 | 3.37× | 1.04× | ||
| Q1 25 | 2.60× | 0.76× | ||
| Q4 24 | 4.30× | 0.66× | ||
| Q3 24 | — | 0.31× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
