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AvalonBay Communities（AVB）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
美泰的季度营收约是AvalonBay Communities的1.1倍（$862.2M vs $767.9M），AvalonBay Communities净利率更高（9040.6% vs 7.1%，领先9033.5%），美泰同比增速更快（4.3% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $-88.1M），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
AVB vs MAT — 直观对比
营收规模更大
MAT
是对方的1.1倍
$767.9M
营收增速更快
MAT
高出0.6%
3.7%
净利率更高
AVB
高出9033.5%
7.1%
自由现金流更多
AVB
多$1.5B
$-88.1M
两年增速更快
AVB
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $862.2M |
| 净利润 | $166.0M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | 64.2% | — |
| 净利率 | 9040.6% | 7.1% |
| 营收同比 | 3.7% | 4.3% |
| 净利润同比 | -41.2% | 251.4% |
| 每股收益（稀释后） | $1.18 | $0.20 |
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AVBMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $767.9M | $1.8B | ||
| Q3 25 | $766.8M | $1.7B | ||
| Q2 25 | $760.2M | $1.0B | ||
| Q1 25 | $745.9M | $826.6M | ||
| Q4 24 | $740.5M | $1.6B | ||
| Q3 24 | $734.3M | $1.8B | ||
| Q2 24 | $726.0M | $1.1B |
净利润AVBMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $166.0M | $106.2M | ||
| Q3 25 | $381.3M | $278.4M | ||
| Q2 25 | $268.7M | $53.4M | ||
| Q1 25 | $236.6M | $-40.3M | ||
| Q4 24 | $282.1M | $140.9M | ||
| Q3 24 | $372.5M | $372.4M | ||
| Q2 24 | $253.9M | $56.9M |
毛利率AVBMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率AVBMAT
| Q1 26 | — | — | ||
| Q4 25 | 64.2% | 8.0% | ||
| Q3 25 | 65.7% | 21.9% | ||
| Q2 25 | 67.6% | 7.7% | ||
| Q1 25 | 68.5% | -6.4% | ||
| Q4 24 | 63.1% | 9.6% | ||
| Q3 24 | 65.4% | 26.5% | ||
| Q2 24 | 66.6% | 7.7% |
净利率AVBMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 9040.6% | 6.0% | ||
| Q3 25 | 49.7% | 16.0% | ||
| Q2 25 | 35.3% | 5.2% | ||
| Q1 25 | 31.7% | -4.9% | ||
| Q4 24 | 38.1% | 8.6% | ||
| Q3 24 | 50.7% | 20.2% | ||
| Q2 24 | 35.0% | 5.3% |
每股收益（稀释后）AVBMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $1.18 | $0.32 | ||
| Q3 25 | $2.68 | $0.88 | ||
| Q2 25 | $1.88 | $0.16 | ||
| Q1 25 | $1.66 | $-0.12 | ||
| Q4 24 | $1.99 | $0.40 | ||
| Q3 24 | $2.61 | $1.09 | ||
| Q2 24 | $1.78 | $0.17 |
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 | $866.0M |
| 总债务越低越好 | $9.3B | $2.3B |
| 股东权益账面价值 | $11.6B | $2.1B |
| 总资产 | $22.2B | $6.3B |
| 负债/权益比越低杠杆越低 | 0.80× | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资AVBMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | $187.2M | $1.2B | ||
| Q3 25 | $123.3M | $691.9M | ||
| Q2 25 | $102.8M | $870.5M | ||
| Q1 25 | $53.3M | $1.2B | ||
| Q4 24 | $108.6M | $1.4B | ||
| Q3 24 | $552.4M | $723.5M | ||
| Q2 24 | $545.8M | $722.4M |
总债务AVBMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | $9.3B | $2.3B | ||
| Q3 25 | $8.7B | $2.3B | ||
| Q2 25 | $8.7B | $2.3B | ||
| Q1 25 | $8.3B | $2.3B | ||
| Q4 24 | $8.1B | $2.3B | ||
| Q3 24 | $8.4B | $2.3B | ||
| Q2 24 | $8.4B | $2.3B |
股东权益AVBMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $11.6B | $2.2B | ||
| Q3 25 | $11.9B | $2.3B | ||
| Q2 25 | $11.9B | $2.2B | ||
| Q1 25 | $11.9B | $2.1B | ||
| Q4 24 | $11.9B | $2.3B | ||
| Q3 24 | $11.9B | $2.3B | ||
| Q2 24 | $11.7B | $2.0B |
总资产AVBMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $22.2B | $6.6B | ||
| Q3 25 | $21.9B | $6.6B | ||
| Q2 25 | $21.8B | $6.2B | ||
| Q1 25 | $21.2B | $6.2B | ||
| Q4 24 | $21.0B | $6.5B | ||
| Q3 24 | $21.3B | $6.5B | ||
| Q2 24 | $21.0B | $5.9B |
负债/权益比AVBMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | 0.80× | 1.04× | ||
| Q3 25 | 0.73× | 1.03× | ||
| Q2 25 | 0.72× | 1.08× | ||
| Q1 25 | 0.70× | 1.10× | ||
| Q4 24 | 0.68× | 1.03× | ||
| Q3 24 | 0.70× | 1.01× | ||
| Q2 24 | 0.71× | 1.18× |
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 | $-88.1M |
| 自由现金流率自由现金流/营收 | 183.5% | -10.2% |
| 资本支出强度资本支出/营收 | 34.1% | 7.6% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AVBMAT
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $796.6M | ||
| Q3 25 | $477.0M | $72.0M | ||
| Q2 25 | $377.8M | $-300.1M | ||
| Q1 25 | $415.9M | $24.8M | ||
| Q4 24 | $1.6B | $862.1M | ||
| Q3 24 | $486.2M | $155.8M | ||
| Q2 24 | $380.0M | $-252.9M |
自由现金流AVBMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $402.2M | — | ||
| Q2 25 | $317.1M | — | ||
| Q1 25 | $367.5M | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $434.2M | — | ||
| Q2 24 | $333.0M | — |
自由现金流率AVBMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 183.5% | — | ||
| Q3 25 | 52.5% | — | ||
| Q2 25 | 41.7% | — | ||
| Q1 25 | 49.3% | — | ||
| Q4 24 | 191.0% | — | ||
| Q3 24 | 59.1% | — | ||
| Q2 24 | 45.9% | — |
资本支出强度AVBMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 34.1% | — | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 7.1% | — | ||
| Q2 24 | 6.5% | — |
现金转化率AVBMAT
| Q1 26 | — | — | ||
| Q4 25 | 10.07× | 7.50× | ||
| Q3 25 | 1.25× | 0.26× | ||
| Q2 25 | 1.41× | -5.62× | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 5.70× | 6.12× | ||
| Q3 24 | 1.31× | 0.42× | ||
| Q2 24 | 1.50× | -4.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
