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AvalonBay Communities（AVB）与CARLISLE COMPANIES INC（CSL）财务数据对比。点击上方公司名可切换其他公司
CARLISLE COMPANIES INC的季度营收约是AvalonBay Communities的1.4倍（$1.1B vs $767.9M），AvalonBay Communities净利率更高（9040.6% vs 12.1%，领先9028.4%），AvalonBay Communities同比增速更快（3.7% vs -4.0%），AvalonBay Communities自由现金流更多（$1.4B vs $-73.0M），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -14.8%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
卡莱尔公司是专业建筑产品供应商，聚焦于提升建筑能效与稳固性，面向商业建筑领域生产销售单层屋面产品、质保系统及配套配件，旗下设有卡莱尔建筑材料、卡莱尔防水技术两大业务板块，产品涵盖防潮材料、屋面防护层等多个品类。
AVB vs CSL — 直观对比
营收规模更大
CSL
是对方的1.4倍
$767.9M
营收增速更快
AVB
高出7.7%
-4.0%
净利率更高
AVB
高出9028.4%
12.1%
自由现金流更多
AVB
多$1.5B
$-73.0M
两年增速更快
AVB
近两年复合增速
-14.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $1.1B |
| 净利润 | $166.0M | $127.7M |
| 毛利率 | — | 34.5% |
| 营业利润率 | 64.2% | 17.1% |
| 净利率 | 9040.6% | 12.1% |
| 营收同比 | 3.7% | -4.0% |
| 净利润同比 | -41.2% | -10.9% |
| 每股收益（稀释后） | $1.18 | $3.10 |
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AVBCSL
| Q1 26 | — | $1.1B | ||
| Q4 25 | $767.9M | $1.1B | ||
| Q3 25 | $766.8M | $1.3B | ||
| Q2 25 | $760.2M | $1.4B | ||
| Q1 25 | $745.9M | $1.1B | ||
| Q4 24 | $740.5M | $1.1B | ||
| Q3 24 | $734.3M | $1.3B | ||
| Q2 24 | $726.0M | $1.5B |
净利润AVBCSL
| Q1 26 | — | $127.7M | ||
| Q4 25 | $166.0M | $127.4M | ||
| Q3 25 | $381.3M | $214.2M | ||
| Q2 25 | $268.7M | $255.8M | ||
| Q1 25 | $236.6M | $143.3M | ||
| Q4 24 | $282.1M | $162.8M | ||
| Q3 24 | $372.5M | $244.3M | ||
| Q2 24 | $253.9M | $712.4M |
毛利率AVBCSL
| Q1 26 | — | 34.5% | ||
| Q4 25 | — | 33.8% | ||
| Q3 25 | — | 36.0% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 36.1% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 39.2% |
营业利润率AVBCSL
| Q1 26 | — | 17.1% | ||
| Q4 25 | 64.2% | 16.8% | ||
| Q3 25 | 65.7% | 21.8% | ||
| Q2 25 | 67.6% | 23.1% | ||
| Q1 25 | 68.5% | 16.8% | ||
| Q4 24 | 63.1% | 19.9% | ||
| Q3 24 | 65.4% | 23.7% | ||
| Q2 24 | 66.6% | 26.0% |
净利率AVBCSL
| Q1 26 | — | 12.1% | ||
| Q4 25 | 9040.6% | 11.3% | ||
| Q3 25 | 49.7% | 15.9% | ||
| Q2 25 | 35.3% | 17.6% | ||
| Q1 25 | 31.7% | 13.1% | ||
| Q4 24 | 38.1% | 14.5% | ||
| Q3 24 | 50.7% | 18.3% | ||
| Q2 24 | 35.0% | 49.1% |
每股收益（稀释后）AVBCSL
| Q1 26 | — | $3.10 | ||
| Q4 25 | $1.18 | $3.06 | ||
| Q3 25 | $2.68 | $4.98 | ||
| Q2 25 | $1.88 | $5.88 | ||
| Q1 25 | $1.66 | $3.20 | ||
| Q4 24 | $1.99 | $3.76 | ||
| Q3 24 | $2.61 | $5.25 | ||
| Q2 24 | $1.78 | $14.84 |
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 | $187.2M | $771.3M |
| 总债务越低越好 | $9.3B | — |
| 股东权益账面价值 | $11.6B | $1.7B |
| 总资产 | $22.2B | — |
| 负债/权益比越低杠杆越低 | 0.80× | — |
8季度趋势，按日历期对齐
现金及短期投资AVBCSL
| Q1 26 | — | $771.3M | ||
| Q4 25 | $187.2M | $1.1B | ||
| Q3 25 | $123.3M | $1.1B | ||
| Q2 25 | $102.8M | $68.4M | ||
| Q1 25 | $53.3M | $220.2M | ||
| Q4 24 | $108.6M | $753.5M | ||
| Q3 24 | $552.4M | $1.5B | ||
| Q2 24 | $545.8M | $1.7B |
总债务AVBCSL
| Q1 26 | — | — | ||
| Q4 25 | $9.3B | $2.9B | ||
| Q3 25 | $8.7B | $2.9B | ||
| Q2 25 | $8.7B | $1.9B | ||
| Q1 25 | $8.3B | $1.9B | ||
| Q4 24 | $8.1B | $1.9B | ||
| Q3 24 | $8.4B | $2.3B | ||
| Q2 24 | $8.4B | $2.3B |
股东权益AVBCSL
| Q1 26 | — | $1.7B | ||
| Q4 25 | $11.6B | $1.8B | ||
| Q3 25 | $11.9B | $2.0B | ||
| Q2 25 | $11.9B | $2.1B | ||
| Q1 25 | $11.9B | $2.2B | ||
| Q4 24 | $11.9B | $2.5B | ||
| Q3 24 | $11.9B | $2.8B | ||
| Q2 24 | $11.7B | $3.0B |
总资产AVBCSL
| Q1 26 | — | — | ||
| Q4 25 | $22.2B | $6.3B | ||
| Q3 25 | $21.9B | $6.5B | ||
| Q2 25 | $21.8B | $5.5B | ||
| Q1 25 | $21.2B | $5.5B | ||
| Q4 24 | $21.0B | $5.8B | ||
| Q3 24 | $21.3B | $6.5B | ||
| Q2 24 | $21.0B | $6.7B |
负债/权益比AVBCSL
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.61× | ||
| Q3 25 | 0.73× | 1.45× | ||
| Q2 25 | 0.72× | 0.89× | ||
| Q1 25 | 0.70× | 0.87× | ||
| Q4 24 | 0.68× | 0.77× | ||
| Q3 24 | 0.70× | 0.83× | ||
| Q2 24 | 0.71× | 0.76× |
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 | $1.7B | — |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $-73.0M |
| 自由现金流率自由现金流/营收 | 183.5% | -6.9% |
| 资本支出强度资本支出/营收 | 34.1% | 2.7% |
| 现金转化率经营现金流/净利润 | 10.07× | — |
| 过去12个月自由现金流最近4个季度 | $2.5B | $924.8M |
8季度趋势，按日历期对齐
经营现金流AVBCSL
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $386.0M | ||
| Q3 25 | $477.0M | $426.9M | ||
| Q2 25 | $377.8M | $287.1M | ||
| Q1 25 | $415.9M | $1.8M | ||
| Q4 24 | $1.6B | $370.6M | ||
| Q3 24 | $486.2M | $312.8M | ||
| Q2 24 | $380.0M | $183.4M |
自由现金流AVBCSL
| Q1 26 | — | $-73.0M | ||
| Q4 25 | $1.4B | $346.1M | ||
| Q3 25 | $402.2M | $393.4M | ||
| Q2 25 | $317.1M | $258.3M | ||
| Q1 25 | $367.5M | $-27.2M | ||
| Q4 24 | $1.4B | $334.0M | ||
| Q3 24 | $434.2M | $293.5M | ||
| Q2 24 | $333.0M | $158.5M |
自由现金流率AVBCSL
| Q1 26 | — | -6.9% | ||
| Q4 25 | 183.5% | 30.7% | ||
| Q3 25 | 52.5% | 29.2% | ||
| Q2 25 | 41.7% | 17.8% | ||
| Q1 25 | 49.3% | -2.5% | ||
| Q4 24 | 191.0% | 29.7% | ||
| Q3 24 | 59.1% | 22.0% | ||
| Q2 24 | 45.9% | 10.9% |
资本支出强度AVBCSL
| Q1 26 | — | 2.7% | ||
| Q4 25 | 34.1% | 3.5% | ||
| Q3 25 | 9.8% | 2.5% | ||
| Q2 25 | 8.0% | 2.0% | ||
| Q1 25 | 6.5% | 2.6% | ||
| Q4 24 | 26.1% | 3.3% | ||
| Q3 24 | 7.1% | 1.4% | ||
| Q2 24 | 6.5% | 1.7% |
现金转化率AVBCSL
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | 3.03× | ||
| Q3 25 | 1.25× | 1.99× | ||
| Q2 25 | 1.41× | 1.12× | ||
| Q1 25 | 1.76× | 0.01× | ||
| Q4 24 | 5.70× | 2.28× | ||
| Q3 24 | 1.31× | 1.28× | ||
| Q2 24 | 1.50× | 0.26× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
