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美国铁塔（AMT）与Synchrony Financial（SYF）财务数据对比。点击上方公司名可切换其他公司
Synchrony Financial的季度营收约是美国铁塔的1.7倍（$4.8B vs $2.7B），美国铁塔净利率更高（110.1% vs 15.8%，领先94.3%），美国铁塔同比增速更快（6.8% vs 3.7%），过去两年Synchrony Financial的营收复合增速更高（4.0% 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。
Synchrony Financial是总部位于美国康涅狄格州斯坦福德的消费金融服务企业，通过旗下全资网络银行子公司Synchrony Bank开展业务，面向各行业商户及个人消费者提供消费信贷、优惠融资、忠诚度计划、分期贷款等多元金融产品服务。
AMT vs SYF — 直观对比
营收规模更大
SYF
是对方的1.7倍
$2.7B
营收增速更快
AMT
高出3.1%
3.7%
净利率更高
AMT
高出94.3%
15.8%
两年增速更快
SYF
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $4.8B |
| 净利润 | $3.0B | $751.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.0% | 20.0% |
| 净利率 | 110.1% | 15.8% |
| 营收同比 | 6.8% | 3.7% |
| 净利润同比 | -2.6% | -3.0% |
| 每股收益（稀释后） | — | $2.03 |
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AMTSYF
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $4.8B | ||
| Q3 25 | $2.7B | $4.7B | ||
| Q2 25 | $2.6B | $4.5B | ||
| Q1 25 | $2.6B | $4.5B | ||
| Q4 24 | $2.5B | $4.6B | ||
| Q3 24 | $2.5B | $4.6B | ||
| Q2 24 | $2.5B | $4.4B |
净利润AMTSYF
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $751.0M | ||
| Q3 25 | $912.6M | $1.1B | ||
| Q2 25 | $380.5M | $967.0M | ||
| Q1 25 | $498.6M | $757.0M | ||
| Q4 24 | $1.2B | $774.0M | ||
| Q3 24 | $-780.4M | $789.0M | ||
| Q2 24 | $908.4M | $643.0M |
营业利润率AMTSYF
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 20.0% | ||
| Q3 25 | 45.4% | 30.3% | ||
| Q2 25 | 45.6% | 27.8% | ||
| Q1 25 | 48.9% | 22.0% | ||
| Q4 24 | 42.4% | 21.2% | ||
| Q3 24 | 45.2% | 22.3% | ||
| Q2 24 | 45.4% | 19.2% |
净利率AMTSYF
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 15.8% | ||
| Q3 25 | 33.6% | 22.8% | ||
| Q2 25 | 14.5% | 21.4% | ||
| Q1 25 | 19.5% | 17.0% | ||
| Q4 24 | 48.3% | 16.9% | ||
| Q3 24 | -30.9% | 17.1% | ||
| Q2 24 | 35.7% | 14.6% |
每股收益（稀释后）AMTSYF
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $2.03 | ||
| Q3 25 | $1.82 | $2.86 | ||
| Q2 25 | $0.78 | $2.50 | ||
| Q1 25 | $1.04 | $1.89 | ||
| Q4 24 | $2.63 | $1.92 | ||
| Q3 24 | $-1.69 | $1.94 | ||
| Q2 24 | $1.92 | $1.55 |
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 | $15.0B |
| 总债务越低越好 | — | $15.2B |
| 股东权益账面价值 | $10.2B | $16.8B |
| 总资产 | — | $119.1B |
| 负债/权益比越低杠杆越低 | — | 0.91× |
8季度趋势，按日历期对齐
现金及短期投资AMTSYF
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $15.0B | ||
| Q3 25 | $2.0B | $16.2B | ||
| Q2 25 | $2.1B | $19.5B | ||
| Q1 25 | $2.1B | $21.6B | ||
| Q4 24 | $2.0B | $14.7B | ||
| Q3 24 | $2.2B | $17.9B | ||
| Q2 24 | $2.2B | $18.6B |
总债务AMTSYF
| Q1 26 | — | — | ||
| Q4 25 | $33.8B | $15.2B | ||
| Q3 25 | $34.9B | $14.4B | ||
| Q2 25 | $35.2B | $16.0B | ||
| Q1 25 | $34.0B | $17.0B | ||
| Q4 24 | $32.8B | $15.5B | ||
| Q3 24 | $33.4B | $15.6B | ||
| Q2 24 | $35.6B | $15.6B |
股东权益AMTSYF
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $16.8B | ||
| Q3 25 | $4.0B | $17.1B | ||
| Q2 25 | $3.7B | $17.0B | ||
| Q1 25 | $3.5B | $16.6B | ||
| Q4 24 | $3.4B | $16.6B | ||
| Q3 24 | $3.6B | $16.0B | ||
| Q2 24 | $3.9B | $15.5B |
总资产AMTSYF
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $119.1B | ||
| Q3 25 | $63.9B | $117.0B | ||
| Q2 25 | $63.8B | $120.5B | ||
| Q1 25 | $62.1B | $122.0B | ||
| Q4 24 | $61.1B | $119.5B | ||
| Q3 24 | $62.8B | $119.2B | ||
| Q2 24 | $65.8B | $120.5B |
负债/权益比AMTSYF
| Q1 26 | — | — | ||
| Q4 25 | 9.26× | 0.91× | ||
| Q3 25 | 8.82× | 0.85× | ||
| Q2 25 | 9.48× | 0.94× | ||
| Q1 25 | 9.63× | 1.03× | ||
| Q4 24 | 9.70× | 0.93× | ||
| Q3 24 | 9.16× | 0.98× | ||
| 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 | — | $2.5B |
| 自由现金流经营现金流 - 资本支出 | $941.0M | — |
| 自由现金流率自由现金流/营收 | 34.4% | — |
| 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 | — | 3.27× |
| 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AMTSYF
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $2.5B | ||
| Q3 25 | $1.5B | $2.6B | ||
| Q2 25 | $1.3B | $2.6B | ||
| Q1 25 | $1.3B | $2.2B | ||
| Q4 24 | $5.3B | $2.4B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.3B | $2.5B |
自由现金流AMTSYF
| Q1 26 | $941.0M | — | ||
| 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AMTSYF
| Q1 26 | 34.4% | — | ||
| 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AMTSYF
| Q1 26 | 16.8% | — | ||
| 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AMTSYF
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 3.27× | ||
| Q3 25 | 1.60× | 2.45× | ||
| Q2 25 | 3.37× | 2.65× | ||
| Q1 25 | 2.60× | 2.91× | ||
| Q4 24 | 4.30× | 3.04× | ||
| Q3 24 | — | 3.50× | ||
| Q2 24 | 1.47× | 3.86× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
