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美国铁塔（AMT）与赛莱默（XYL）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赛莱默的1.3倍（$2.7B vs $2.1B），美国铁塔净利率更高（110.1% vs 8.9%，领先101.2%），美国铁塔同比增速更快（6.8% vs 2.7%），过去两年美国铁塔的营收复合增速更高（3.7% vs -1.0%）
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。
该文本为植物学对木质部的定义说明，并非赛莱默公司（Xylem Inc.）的企业业务介绍。Xylem Inc.是一家专注于水技术与解决方案的全球企业，提供水务基础设施、水环境治理等相关设备与服务。
AMT vs XYL — 直观对比
营收规模更大
AMT
是对方的1.3倍
$2.1B
营收增速更快
AMT
高出4.1%
2.7%
净利率更高
AMT
高出101.2%
8.9%
两年增速更快
AMT
近两年复合增速
-1.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.1B |
| 净利润 | $3.0B | $189.0M |
| 毛利率 | — | 37.8% |
| 营业利润率 | 0.0% | 11.5% |
| 净利率 | 110.1% | 8.9% |
| 营收同比 | 6.8% | 2.7% |
| 净利润同比 | -2.6% | 13.2% |
| 每股收益（稀释后） | — | $0.79 |
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AMTXYL
| Q1 26 | $2.7B | $2.1B | ||
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $2.7B | $2.3B | ||
| Q2 25 | $2.6B | $2.3B | ||
| Q1 25 | $2.6B | $2.1B | ||
| Q4 24 | $2.5B | $2.3B | ||
| Q3 24 | $2.5B | $2.1B | ||
| Q2 24 | $2.5B | $2.2B |
净利润AMTXYL
| Q1 26 | $3.0B | $189.0M | ||
| Q4 25 | $836.8M | $335.0M | ||
| Q3 25 | $912.6M | $227.0M | ||
| Q2 25 | $380.5M | $226.0M | ||
| Q1 25 | $498.6M | $169.0M | ||
| Q4 24 | $1.2B | $326.0M | ||
| Q3 24 | $-780.4M | $217.0M | ||
| Q2 24 | $908.4M | $194.0M |
毛利率AMTXYL
| Q1 26 | — | 37.8% | ||
| Q4 25 | — | 38.9% | ||
| Q3 25 | — | 38.9% | ||
| Q2 25 | — | 38.8% | ||
| Q1 25 | — | 37.1% | ||
| Q4 24 | — | 38.0% | ||
| Q3 24 | — | 37.3% | ||
| Q2 24 | — | 37.8% |
营业利润率AMTXYL
| Q1 26 | 0.0% | 11.5% | ||
| Q4 25 | 42.4% | 14.7% | ||
| Q3 25 | 45.4% | 14.7% | ||
| Q2 25 | 45.6% | 13.3% | ||
| Q1 25 | 48.9% | 11.2% | ||
| Q4 24 | 42.4% | 11.8% | ||
| Q3 24 | 45.2% | 13.3% | ||
| Q2 24 | 45.4% | 11.7% |
净利率AMTXYL
| Q1 26 | 110.1% | 8.9% | ||
| Q4 25 | 30.6% | 14.0% | ||
| Q3 25 | 33.6% | 10.0% | ||
| Q2 25 | 14.5% | 9.8% | ||
| Q1 25 | 19.5% | 8.2% | ||
| Q4 24 | 48.3% | 14.5% | ||
| Q3 24 | -30.9% | 10.3% | ||
| Q2 24 | 35.7% | 8.9% |
每股收益（稀释后）AMTXYL
| Q1 26 | — | $0.79 | ||
| Q4 25 | $1.76 | $1.37 | ||
| Q3 25 | $1.82 | $0.93 | ||
| Q2 25 | $0.78 | $0.93 | ||
| Q1 25 | $1.04 | $0.69 | ||
| Q4 24 | $2.63 | $1.33 | ||
| Q3 24 | $-1.69 | $0.89 | ||
| Q2 24 | $1.92 | $0.80 |
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 | $808.0M |
| 总债务越低越好 | — | $1.9B |
| 股东权益账面价值 | $10.2B | $11.0B |
| 总资产 | — | $17.0B |
| 负债/权益比越低杠杆越低 | — | 0.18× |
8季度趋势，按日历期对齐
现金及短期投资AMTXYL
| Q1 26 | $1.6B | $808.0M | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.1B | $1.1B | ||
| Q4 24 | $2.0B | $1.1B | ||
| Q3 24 | $2.2B | $989.0M | ||
| Q2 24 | $2.2B | $815.0M |
总债务AMTXYL
| Q1 26 | — | $1.9B | ||
| Q4 25 | $33.8B | $2.0B | ||
| Q3 25 | $34.9B | $2.0B | ||
| Q2 25 | $35.2B | $2.0B | ||
| Q1 25 | $34.0B | $2.0B | ||
| Q4 24 | $32.8B | $2.0B | ||
| Q3 24 | $33.4B | — | ||
| Q2 24 | $35.6B | — |
股东权益AMTXYL
| Q1 26 | $10.2B | $11.0B | ||
| Q4 25 | $3.7B | $11.5B | ||
| Q3 25 | $4.0B | $11.2B | ||
| Q2 25 | $3.7B | $11.1B | ||
| Q1 25 | $3.5B | $10.8B | ||
| Q4 24 | $3.4B | $10.6B | ||
| Q3 24 | $3.6B | $10.6B | ||
| Q2 24 | $3.9B | $10.3B |
总资产AMTXYL
| Q1 26 | — | $17.0B | ||
| Q4 25 | $63.2B | $17.6B | ||
| Q3 25 | $63.9B | $17.3B | ||
| Q2 25 | $63.8B | $17.2B | ||
| Q1 25 | $62.1B | $16.6B | ||
| Q4 24 | $61.1B | $16.5B | ||
| Q3 24 | $62.8B | $16.0B | ||
| Q2 24 | $65.8B | $15.8B |
负债/权益比AMTXYL
| Q1 26 | — | 0.18× | ||
| Q4 25 | 9.26× | 0.17× | ||
| Q3 25 | 8.82× | 0.18× | ||
| Q2 25 | 9.48× | 0.18× | ||
| Q1 25 | 9.63× | 0.19× | ||
| Q4 24 | 9.70× | 0.19× | ||
| 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 | — | — |
| 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% | 4.2% |
| 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AMTXYL
| Q1 26 | — | — | ||
| Q4 25 | $5.5B | $543.0M | ||
| Q3 25 | $1.5B | $360.0M | ||
| Q2 25 | $1.3B | $305.0M | ||
| Q1 25 | $1.3B | $33.0M | ||
| Q4 24 | $5.3B | $575.0M | ||
| Q3 24 | $1.5B | $311.0M | ||
| Q2 24 | $1.3B | $288.0M |
自由现金流AMTXYL
| Q1 26 | $941.0M | — | ||
| Q4 25 | $3.8B | $460.0M | ||
| Q3 25 | $994.5M | $281.0M | ||
| Q2 25 | $976.9M | $207.0M | ||
| Q1 25 | $963.9M | $-38.0M | ||
| Q4 24 | $3.7B | $475.0M | ||
| Q3 24 | $1.0B | $237.0M | ||
| Q2 24 | $1.0B | $215.0M |
自由现金流率AMTXYL
| Q1 26 | 34.4% | — | ||
| Q4 25 | 138.2% | 19.2% | ||
| Q3 25 | 36.6% | 12.4% | ||
| Q2 25 | 37.2% | 9.0% | ||
| Q1 25 | 37.6% | -1.8% | ||
| Q4 24 | 145.3% | 21.1% | ||
| Q3 24 | 41.4% | 11.3% | ||
| Q2 24 | 39.8% | 9.9% |
资本支出强度AMTXYL
| Q1 26 | 16.8% | 4.2% | ||
| Q4 25 | 61.4% | 3.5% | ||
| Q3 25 | 17.1% | 3.5% | ||
| Q2 25 | 11.6% | 4.3% | ||
| Q1 25 | 12.9% | 3.4% | ||
| Q4 24 | 62.4% | 4.4% | ||
| Q3 24 | 16.8% | 3.5% | ||
| Q2 24 | 12.8% | 3.4% |
现金转化率AMTXYL
| Q1 26 | — | — | ||
| Q4 25 | 6.53× | 1.62× | ||
| Q3 25 | 1.60× | 1.59× | ||
| Q2 25 | 3.37× | 1.35× | ||
| Q1 25 | 2.60× | 0.20× | ||
| Q4 24 | 4.30× | 1.76× | ||
| Q3 24 | — | 1.43× | ||
| Q2 24 | 1.47× | 1.48× |
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
XYL
| Revenue from products | $1.8B | 83% |
| Revenue from services | $368.0M | 17% |
