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美国铁塔（AMT）与URBAN OUTFITTERS INC（URBN）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URBAN OUTFITTERS INC的1.8倍（$2.7B vs $1.5B），美国铁塔净利率更高（110.1% vs 7.6%，领先102.5%），URBAN OUTFITTERS INC同比增速更快（12.3% vs 6.8%），美国铁塔自由现金流更多（$941.0M vs $-22.8M），过去两年美国铁塔的营收复合增速更高（3.7% vs 1.4%）
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。
URBN是总部位于美国宾夕法尼亚州费城的跨国生活方式零售企业，旗下Urban Outfitters品牌面向年轻消费群体，产品涵盖男女时装、鞋履、美妆个护、配饰、运动服饰装备、家居用品及音乐周边等，业务覆盖美国、英国、加拿大、部分西欧国家、波兰、阿联酋、科威特、卡塔尔等市场。
AMT vs URBN — 直观对比
营收规模更大
AMT
是对方的1.8倍
$1.5B
营收增速更快
URBN
高出5.5%
6.8%
净利率更高
AMT
高出102.5%
7.6%
自由现金流更多
AMT
多$963.8M
$-22.8M
两年增速更快
AMT
近两年复合增速
1.4%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.5B |
| 净利润 | $3.0B | $116.4M |
| 毛利率 | — | 36.8% |
| 营业利润率 | 0.0% | 9.4% |
| 净利率 | 110.1% | 7.6% |
| 营收同比 | 6.8% | 12.3% |
| 净利润同比 | -2.6% | 13.1% |
| 每股收益（稀释后） | — | $1.28 |
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AMTURBN
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $1.5B | ||
| Q3 25 | $2.7B | $1.5B | ||
| Q2 25 | $2.6B | $1.3B | ||
| Q1 25 | $2.6B | $1.6B | ||
| Q4 24 | $2.5B | $1.4B | ||
| Q3 24 | $2.5B | $1.4B | ||
| Q2 24 | $2.5B | $1.2B |
净利润AMTURBN
| Q1 26 | $3.0B | — | ||
| Q4 25 | $836.8M | $116.4M | ||
| Q3 25 | $912.6M | $143.9M | ||
| Q2 25 | $380.5M | $108.3M | ||
| Q1 25 | $498.6M | $120.3M | ||
| Q4 24 | $1.2B | $102.9M | ||
| Q3 24 | $-780.4M | $117.5M | ||
| Q2 24 | $908.4M | $61.8M |
毛利率AMTURBN
| Q1 26 | — | — | ||
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 37.6% | ||
| Q2 25 | — | 36.8% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 36.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 34.0% |
营业利润率AMTURBN
| Q1 26 | 0.0% | — | ||
| Q4 25 | 42.4% | 9.4% | ||
| Q3 25 | 45.4% | 11.6% | ||
| Q2 25 | 45.6% | 9.6% | ||
| Q1 25 | 48.9% | 7.7% | ||
| Q4 24 | 42.4% | 9.4% | ||
| Q3 24 | 45.2% | 10.7% | ||
| Q2 24 | 45.4% | 6.2% |
净利率AMTURBN
| Q1 26 | 110.1% | — | ||
| Q4 25 | 30.6% | 7.6% | ||
| Q3 25 | 33.6% | 9.6% | ||
| Q2 25 | 14.5% | 8.1% | ||
| Q1 25 | 19.5% | 7.4% | ||
| Q4 24 | 48.3% | 7.6% | ||
| Q3 24 | -30.9% | 8.7% | ||
| Q2 24 | 35.7% | 5.1% |
每股收益（稀释后）AMTURBN
| Q1 26 | — | — | ||
| Q4 25 | $1.76 | $1.28 | ||
| Q3 25 | $1.82 | $1.58 | ||
| Q2 25 | $0.78 | $1.16 | ||
| Q1 25 | $1.04 | $1.27 | ||
| Q4 24 | $2.63 | $1.10 | ||
| Q3 24 | $-1.69 | $1.24 | ||
| Q2 24 | $1.92 | $0.65 |
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 | $306.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $10.2B | $2.7B |
| 总资产 | — | $4.9B |
| 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AMTURBN
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.5B | $306.6M | ||
| Q3 25 | $2.0B | $332.2M | ||
| Q2 25 | $2.1B | $189.4M | ||
| Q1 25 | $2.1B | $290.5M | ||
| Q4 24 | $2.0B | $182.5M | ||
| Q3 24 | $2.2B | $209.1M | ||
| Q2 24 | $2.2B | $174.0M |
总债务AMTURBN
| 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 | — | ||
| Q2 24 | $35.6B | — |
股东权益AMTURBN
| Q1 26 | $10.2B | — | ||
| Q4 25 | $3.7B | $2.7B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $3.7B | $2.4B | ||
| Q1 25 | $3.5B | $2.5B | ||
| Q4 24 | $3.4B | $2.4B | ||
| Q3 24 | $3.6B | $2.2B | ||
| Q2 24 | $3.9B | $2.2B |
总资产AMTURBN
| Q1 26 | — | — | ||
| Q4 25 | $63.2B | $4.9B | ||
| Q3 25 | $63.9B | $4.7B | ||
| Q2 25 | $63.8B | $4.5B | ||
| Q1 25 | $62.1B | $4.5B | ||
| Q4 24 | $61.1B | $4.5B | ||
| Q3 24 | $62.8B | $4.3B | ||
| Q2 24 | $65.8B | $4.2B |
负债/权益比AMTURBN
| 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× | — | ||
| Q2 24 | 9.24× | — |
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 | — | $61.1M |
| 自由现金流经营现金流 - 资本支出 | $941.0M | $-22.8M |
| 自由现金流率自由现金流/营收 | 34.4% | -1.5% |
| 资本支出强度资本支出/营收 | 16.8% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 0.53× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $402.7M |
8季度趋势，按日历期对齐
经营现金流AMTURBN
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $61.1M | ||
| Q3 25 | $1.5B | $218.0M | ||
| Q2 25 | $1.3B | $33.0M | ||
| Q1 25 | $1.3B | $320.5M | ||
| Q4 24 | $5.3B | $18.5M | ||
| Q3 24 | $1.5B | $105.3M | ||
| Q2 24 | $1.3B | $58.6M |
自由现金流AMTURBN
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $-22.8M | ||
| Q3 25 | $994.5M | $156.6M | ||
| Q2 25 | $976.9M | $-13.1M | ||
| Q1 25 | $963.9M | $281.9M | ||
| Q4 24 | $3.7B | $-26.6M | ||
| Q3 24 | $1.0B | $47.5M | ||
| Q2 24 | $1.0B | $17.5M |
自由现金流率AMTURBN
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | -1.5% | ||
| Q3 25 | 36.6% | 10.4% | ||
| Q2 25 | 37.2% | -1.0% | ||
| Q1 25 | 37.6% | 17.2% | ||
| Q4 24 | 145.3% | -2.0% | ||
| Q3 24 | 41.4% | 3.5% | ||
| Q2 24 | 39.8% | 1.5% |
资本支出强度AMTURBN
| Q1 26 | 16.8% | — | ||
| Q4 25 | 61.4% | 5.5% | ||
| Q3 25 | 17.1% | 4.1% | ||
| Q2 25 | 11.6% | 3.5% | ||
| Q1 25 | 12.9% | 2.4% | ||
| Q4 24 | 62.4% | 3.3% | ||
| Q3 24 | 16.8% | 4.3% | ||
| Q2 24 | 12.8% | 3.4% |
现金转化率AMTURBN
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 0.53× | ||
| Q3 25 | 1.60× | 1.52× | ||
| Q2 25 | 3.37× | 0.30× | ||
| Q1 25 | 2.60× | 2.66× | ||
| Q4 24 | 4.30× | 0.18× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | 1.47× | 0.95× |
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
URBN
| Apparel | $861.4M | 56% |
| Home | $187.0M | 12% |
| Accessories | $182.6M | 12% |
| Subscription Operations | $144.6M | 9% |
| Wholesale Operations | $88.3M | 6% |
| Other | $65.3M | 4% |
