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美国铁塔（AMT）与泰佩思琦（TPR）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泰佩思琦的1.4倍（$2.7B vs $1.9B），美国铁塔净利率更高（110.1% vs 17.9%，领先92.2%），过去两年泰佩思琦的营收复合增速更高（9.9% 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。
Tapestry, Inc.是美国知名跨国奢侈品时尚控股企业，旗下拥有Coach、Kate Spade New York、Stuart Weitzman三大标志性生活方式品牌，主营高端手袋、服饰、鞋履、配饰及香水产品，销售渠道覆盖全球线下门店与线上电商平台。
AMT vs TPR — 直观对比
营收规模更大
AMT
是对方的1.4倍
$1.9B
净利率更高
AMT
高出92.2%
17.9%
两年增速更快
TPR
近两年复合增速
3.7%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.9B |
| 净利润 | $3.0B | $343.8M |
| 毛利率 | — | 76.9% |
| 营业利润率 | 45.3% | 22.3% |
| 净利率 | 110.1% | 17.9% |
| 营收同比 | — | 21.0% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | — | $1.65 |
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AMTTPR
| Q1 26 | $2.7B | $1.9B | ||
| Q4 25 | $2.7B | $2.5B | ||
| Q3 25 | $2.7B | $1.7B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.5B | $2.2B | ||
| Q3 24 | $2.5B | $1.5B | ||
| Q2 24 | $2.5B | $1.6B |
净利润AMTTPR
| Q1 26 | $3.0B | $343.8M | ||
| Q4 25 | $836.8M | $561.3M | ||
| Q3 25 | $912.6M | $274.8M | ||
| Q2 25 | $380.5M | $-517.1M | ||
| Q1 25 | $498.6M | $203.3M | ||
| Q4 24 | $1.2B | $310.4M | ||
| Q3 24 | $-780.4M | $186.6M | ||
| Q2 24 | $908.4M | $159.3M |
毛利率AMTTPR
| Q1 26 | — | 76.9% | ||
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 76.3% | ||
| Q1 25 | — | 76.1% | ||
| Q4 24 | — | 74.4% | ||
| Q3 24 | — | 75.3% | ||
| Q2 24 | — | 74.9% |
营业利润率AMTTPR
| Q1 26 | 45.3% | 22.3% | ||
| Q4 25 | 42.4% | 28.6% | ||
| Q3 25 | 45.4% | 19.3% | ||
| Q2 25 | 45.6% | -33.9% | ||
| Q1 25 | 48.9% | 16.0% | ||
| Q4 24 | 42.4% | 22.4% | ||
| Q3 24 | 45.2% | 16.7% | ||
| Q2 24 | 45.4% | 14.8% |
净利率AMTTPR
| Q1 26 | 110.1% | 17.9% | ||
| Q4 25 | 30.6% | 22.4% | ||
| Q3 25 | 33.6% | 16.1% | ||
| Q2 25 | 14.5% | -30.0% | ||
| Q1 25 | 19.5% | 12.8% | ||
| Q4 24 | 48.3% | 14.1% | ||
| Q3 24 | -30.9% | 12.4% | ||
| Q2 24 | 35.7% | 10.0% |
每股收益（稀释后）AMTTPR
| Q1 26 | — | $1.65 | ||
| Q4 25 | $1.76 | $2.68 | ||
| Q3 25 | $1.82 | $1.28 | ||
| Q2 25 | $0.78 | $-2.30 | ||
| Q1 25 | $1.04 | $0.95 | ||
| Q4 24 | $2.63 | $1.38 | ||
| Q3 24 | $-1.69 | $0.79 | ||
| Q2 24 | $1.92 | $0.67 |
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 | — | $2.4B |
| 股东权益账面价值 | $10.2B | $682.4M |
| 总资产 | — | $6.5B |
| 负债/权益比越低杠杆越低 | — | 3.48× |
8季度趋势，按日历期对齐
现金及短期投资AMTTPR
| Q1 26 | $1.6B | $1.1B | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $2.0B | $743.2M | ||
| Q2 25 | $2.1B | $1.1B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $2.2B | $7.3B | ||
| Q2 24 | $2.2B | $7.2B |
总债务AMTTPR
| Q1 26 | — | $2.4B | ||
| Q4 25 | $33.8B | $2.4B | ||
| Q3 25 | $34.9B | $2.4B | ||
| Q2 25 | $35.2B | $2.4B | ||
| Q1 25 | $34.0B | $2.4B | ||
| Q4 24 | $32.8B | $2.4B | ||
| Q3 24 | $33.4B | $7.0B | ||
| Q2 24 | $35.6B | $6.9B |
股东权益AMTTPR
| Q1 26 | $10.2B | $682.4M | ||
| Q4 25 | $3.7B | $551.2M | ||
| Q3 25 | $4.0B | $399.5M | ||
| Q2 25 | $3.7B | $857.8M | ||
| Q1 25 | $3.5B | $1.5B | ||
| Q4 24 | $3.4B | $1.3B | ||
| Q3 24 | $3.6B | $3.0B | ||
| Q2 24 | $3.9B | $2.9B |
总资产AMTTPR
| Q1 26 | — | $6.5B | ||
| Q4 25 | $63.2B | $6.5B | ||
| Q3 25 | $63.9B | $6.4B | ||
| Q2 25 | $63.8B | $6.6B | ||
| Q1 25 | $62.1B | $7.3B | ||
| Q4 24 | $61.1B | $7.3B | ||
| Q3 24 | $62.8B | $13.7B | ||
| Q2 24 | $65.8B | $13.4B |
负债/权益比AMTTPR
| Q1 26 | — | 3.48× | ||
| Q4 25 | 9.26× | 4.32× | ||
| Q3 25 | 8.82× | 5.95× | ||
| Q2 25 | 9.48× | 2.77× | ||
| Q1 25 | 9.63× | 1.59× | ||
| Q4 24 | 9.70× | 1.78× | ||
| Q3 24 | 9.16× | 2.35× | ||
| Q2 24 | 9.24× | 2.39× |
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 | — | — |
| 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 | — | — |
| 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AMTTPR
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $1.1B | ||
| Q3 25 | $1.5B | $112.6M | ||
| Q2 25 | $1.3B | $446.8M | ||
| Q1 25 | $1.3B | $144.3M | ||
| Q4 24 | $5.3B | $506.0M | ||
| Q3 24 | $1.5B | $119.5M | ||
| Q2 24 | $1.3B | $256.0M |
自由现金流AMTTPR
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $1.0B | ||
| Q3 25 | $994.5M | $80.2M | ||
| Q2 25 | $976.9M | $411.5M | ||
| Q1 25 | $963.9M | $113.4M | ||
| Q4 24 | $3.7B | $475.1M | ||
| Q3 24 | $1.0B | $93.9M | ||
| Q2 24 | $1.0B | $209.8M |
自由现金流率AMTTPR
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 41.5% | ||
| Q3 25 | 36.6% | 4.7% | ||
| Q2 25 | 37.2% | 23.9% | ||
| Q1 25 | 37.6% | 7.2% | ||
| Q4 24 | 145.3% | 21.6% | ||
| Q3 24 | 41.4% | 6.2% | ||
| Q2 24 | 39.8% | 13.2% |
资本支出强度AMTTPR
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 1.7% | ||
| Q3 25 | 17.1% | 1.9% | ||
| Q2 25 | 11.6% | 2.0% | ||
| Q1 25 | 12.9% | 2.0% | ||
| Q4 24 | 62.4% | 1.4% | ||
| Q3 24 | 16.8% | 1.7% | ||
| Q2 24 | 12.8% | 2.9% |
现金转化率AMTTPR
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.93× | ||
| Q3 25 | 1.60× | 0.41× | ||
| Q2 25 | 3.37× | — | ||
| Q1 25 | 2.60× | 0.71× | ||
| Q4 24 | 4.30× | 1.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | 1.47× | 1.61× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
