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Amentum Holdings, Inc.（AMTM）与Welltower（WELL）财务数据对比。点击上方公司名可切换其他公司
Welltower的季度营收约是Amentum Holdings, Inc.的1.0倍（$3.4B vs $3.2B），Welltower净利率更高（22.4% vs 1.4%，领先21.1%），Welltower同比增速更快（38.3% vs -5.2%），过去两年Welltower的营收复合增速更高（55.1% vs 25.6%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
Welltower Inc.是一家专注于医疗基础设施领域的房地产投资信托企业，核心业务为医疗类地产投资运营。截至2022年12月31日，公司投资的物业总量约3000处，全部布局于美国、加拿大及英国市场，是全球医疗地产投资领域的代表性企业之一。
AMTM vs WELL — 直观对比
营收规模更大
WELL
是对方的1.0倍
$3.2B
营收增速更快
WELL
高出43.6%
-5.2%
净利率更高
WELL
高出21.1%
1.4%
两年增速更快
WELL
近两年复合增速
25.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.4B |
| 净利润 | $44.0M | $752.3M |
| 毛利率 | 10.1% | — |
| 营业利润率 | 4.3% | — |
| 净利率 | 1.4% | 22.4% |
| 营收同比 | -5.2% | 38.3% |
| 净利润同比 | 266.7% | 192.4% |
| 每股收益（稀释后） | $0.18 | — |
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AMTMWELL
| Q1 26 | $3.2B | $3.4B | ||
| Q4 25 | $3.9B | $2.6B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $3.6B | $2.0B | ||
| Q1 25 | $3.5B | $1.9B | ||
| Q4 24 | $3.4B | $1.8B | ||
| Q3 24 | $2.2B | $1.5B | ||
| Q2 24 | $2.1B | $1.4B |
净利润AMTMWELL
| Q1 26 | $44.0M | $752.3M | ||
| Q4 25 | $40.0M | $117.8M | ||
| Q3 25 | — | $282.2M | ||
| Q2 25 | $10.0M | $304.6M | ||
| Q1 25 | $4.0M | $257.3M | ||
| Q4 24 | $12.0M | $123.8M | ||
| Q3 24 | $26.0M | $456.8M | ||
| Q2 24 | $-26.0M | $260.7M |
毛利率AMTMWELL
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 24.3% | ||
| Q3 25 | — | 23.5% | ||
| Q2 25 | 10.3% | 23.2% | ||
| Q1 25 | 10.5% | 21.6% | ||
| Q4 24 | 10.6% | 20.0% | ||
| Q3 24 | 9.0% | 19.8% | ||
| Q2 24 | 9.6% | 20.2% |
营业利润率AMTMWELL
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | — | 14.2% | ||
| Q2 25 | 2.9% | 15.1% | ||
| Q1 25 | 3.2% | 10.7% | ||
| Q4 24 | 3.9% | 6.2% | ||
| Q3 24 | 1.2% | 12.2% | ||
| Q2 24 | 4.2% | 6.5% |
净利率AMTMWELL
| Q1 26 | 1.4% | 22.4% | ||
| Q4 25 | 1.0% | 4.6% | ||
| Q3 25 | — | 13.7% | ||
| Q2 25 | 0.3% | 15.5% | ||
| Q1 25 | 0.1% | 13.8% | ||
| Q4 24 | 0.4% | 7.0% | ||
| Q3 24 | 1.2% | 30.2% | ||
| Q2 24 | -1.2% | 18.7% |
每股收益（稀释后）AMTMWELL
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $0.13 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | $0.04 | $0.45 | ||
| Q1 25 | $0.02 | $0.40 | ||
| Q4 24 | $0.05 | $0.20 | ||
| Q3 24 | $0.31 | $0.73 | ||
| Q2 24 | $-0.29 | $0.42 |
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 | $247.0M | $4.7B |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $4.6B | $44.7B |
| 总资产 | $11.2B | $67.2B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资AMTMWELL
| Q1 26 | $247.0M | $4.7B | ||
| Q4 25 | $437.0M | $5.0B | ||
| Q3 25 | — | $6.8B | ||
| Q2 25 | $738.0M | $4.4B | ||
| Q1 25 | $546.0M | $3.5B | ||
| Q4 24 | $522.0M | $3.5B | ||
| Q3 24 | $452.0M | $3.6B | ||
| Q2 24 | — | $2.8B |
总债务AMTMWELL
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $19.2B | ||
| Q3 25 | — | $16.9B | ||
| Q2 25 | $4.5B | $16.0B | ||
| Q1 25 | $4.7B | $15.7B | ||
| Q4 24 | $4.7B | $15.5B | ||
| Q3 24 | $4.7B | $15.8B | ||
| Q2 24 | — | $13.9B |
股东权益AMTMWELL
| Q1 26 | $4.6B | $44.7B | ||
| Q4 25 | $4.5B | $42.1B | ||
| Q3 25 | — | $38.8B | ||
| Q2 25 | $4.5B | $35.9B | ||
| Q1 25 | $4.4B | $34.0B | ||
| Q4 24 | $4.5B | $32.0B | ||
| Q3 24 | $4.5B | $30.3B | ||
| Q2 24 | $303.0M | $29.0B |
总资产AMTMWELL
| Q1 26 | $11.2B | $67.2B | ||
| Q4 25 | $11.5B | $67.3B | ||
| Q3 25 | — | $59.5B | ||
| Q2 25 | $11.8B | $55.8B | ||
| Q1 25 | $12.0B | $53.3B | ||
| Q4 24 | $11.9B | $51.0B | ||
| Q3 24 | $12.0B | $49.0B | ||
| Q2 24 | — | $45.5B |
负债/权益比AMTMWELL
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | 0.46× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | 1.01× | 0.44× | ||
| Q1 25 | 1.06× | 0.46× | ||
| Q4 24 | 1.05× | 0.49× | ||
| Q3 24 | 1.05× | 0.52× | ||
| Q2 24 | — | 0.48× |
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 | $-136.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | — |
| 自由现金流率自由现金流/营收 | -4.4% | — |
| 资本支出强度资本支出/营收 | 0.2% | — |
| 现金转化率经营现金流/净利润 | -3.09× | — |
| 过去12个月自由现金流最近4个季度 | $272.0M | — |
8季度趋势，按日历期对齐
经营现金流AMTMWELL
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $654.3M | ||
| Q3 25 | — | $858.4M | ||
| Q2 25 | $106.0M | $770.0M | ||
| Q1 25 | $57.0M | $599.0M | ||
| Q4 24 | $110.0M | $559.2M | ||
| Q3 24 | — | $685.0M | ||
| Q2 24 | — | $605.4M |
自由现金流AMTMWELL
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $340.4M | ||
| Q3 25 | — | $595.3M | ||
| Q2 25 | $100.0M | $537.2M | ||
| Q1 25 | $53.0M | $358.6M | ||
| Q4 24 | $102.0M | $240.4M | ||
| Q3 24 | — | $443.8M | ||
| Q2 24 | — | $440.3M |
自由现金流率AMTMWELL
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 13.3% | ||
| Q3 25 | — | 28.9% | ||
| Q2 25 | 2.8% | 27.3% | ||
| Q1 25 | 1.5% | 19.2% | ||
| Q4 24 | 3.0% | 13.6% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 31.6% |
资本支出强度AMTMWELL
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 12.3% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | 0.2% | 11.8% | ||
| Q1 25 | 0.1% | 12.9% | ||
| Q4 24 | 0.2% | 18.1% | ||
| Q3 24 | — | 16.0% | ||
| Q2 24 | — | 11.8% |
现金转化率AMTMWELL
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 5.56× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | 10.60× | 2.53× | ||
| Q1 25 | 14.25× | 2.33× | ||
| Q4 24 | 9.17× | 4.52× | ||
| Q3 24 | — | 1.50× | ||
| Q2 24 | — | 2.32× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
WELL
| Resident fees and services | $2.8B | 83% |
| Rental income | $453.8M | 14% |
| Other | $117.2M | 3% |
