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AvalonBay Communities（AVB）与PTC Inc.（PTC）财务数据对比。点击上方公司名可切换其他公司
AvalonBay Communities的季度营收约是PTC Inc.的1.1倍（$767.9M vs $685.8M），AvalonBay Communities净利率更高（9040.6% vs 24.3%，领先9016.3%），PTC Inc.同比增速更快（21.4% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $267.4M），过去两年PTC Inc.的营收复合增速更高（6.6% vs 3.8%）
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。
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
AVB vs PTC — 直观对比
营收规模更大
AVB
是对方的1.1倍
$685.8M
营收增速更快
PTC
高出17.7%
3.7%
净利率更高
AVB
高出9016.3%
24.3%
自由现金流更多
AVB
多$1.1B
$267.4M
两年增速更快
PTC
近两年复合增速
3.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $685.8M |
| 净利润 | $166.0M | $166.5M |
| 毛利率 | — | 82.8% |
| 营业利润率 | 64.2% | 32.2% |
| 净利率 | 9040.6% | 24.3% |
| 营收同比 | 3.7% | 21.4% |
| 净利润同比 | -41.2% | 102.5% |
| 每股收益（稀释后） | $1.18 | $1.39 |
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AVBPTC
| Q4 25 | $767.9M | $685.8M | ||
| Q3 25 | $766.8M | $893.8M | ||
| Q2 25 | $760.2M | $643.9M | ||
| Q1 25 | $745.9M | $636.4M | ||
| Q4 24 | $740.5M | $565.1M | ||
| Q3 24 | $734.3M | $626.5M | ||
| Q2 24 | $726.0M | $518.6M | ||
| Q1 24 | $712.9M | $603.1M |
净利润AVBPTC
| Q4 25 | $166.0M | $166.5M | ||
| Q3 25 | $381.3M | $347.8M | ||
| Q2 25 | $268.7M | $141.3M | ||
| Q1 25 | $236.6M | $162.6M | ||
| Q4 24 | $282.1M | $82.2M | ||
| Q3 24 | $372.5M | $126.5M | ||
| Q2 24 | $253.9M | $69.0M | ||
| Q1 24 | $173.4M | $114.4M |
毛利率AVBPTC
| Q4 25 | — | 82.8% | ||
| Q3 25 | — | 86.9% | ||
| Q2 25 | — | 82.9% | ||
| Q1 25 | — | 83.3% | ||
| Q4 24 | — | 80.2% | ||
| Q3 24 | — | 82.0% | ||
| Q2 24 | — | 78.4% | ||
| Q1 24 | — | 81.8% |
营业利润率AVBPTC
| Q4 25 | 64.2% | 32.2% | ||
| Q3 25 | 65.7% | 48.5% | ||
| Q2 25 | 67.6% | 32.6% | ||
| Q1 25 | 68.5% | 35.1% | ||
| Q4 24 | 63.1% | 20.4% | ||
| Q3 24 | 65.4% | 31.0% | ||
| Q2 24 | 66.6% | 18.5% | ||
| Q1 24 | 67.2% | 29.8% |
净利率AVBPTC
| Q4 25 | 9040.6% | 24.3% | ||
| Q3 25 | 49.7% | 38.9% | ||
| Q2 25 | 35.3% | 21.9% | ||
| Q1 25 | 31.7% | 25.6% | ||
| Q4 24 | 38.1% | 14.6% | ||
| Q3 24 | 50.7% | 20.2% | ||
| Q2 24 | 35.0% | 13.3% | ||
| Q1 24 | 24.3% | 19.0% |
每股收益（稀释后）AVBPTC
| Q4 25 | $1.18 | $1.39 | ||
| Q3 25 | $2.68 | $2.88 | ||
| Q2 25 | $1.88 | $1.17 | ||
| Q1 25 | $1.66 | $1.35 | ||
| Q4 24 | $1.99 | $0.68 | ||
| Q3 24 | $2.61 | $1.05 | ||
| Q2 24 | $1.78 | $0.57 | ||
| Q1 24 | $1.22 | $0.95 |
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 | $209.7M |
| 总债务越低越好 | $9.3B | $1.2B |
| 股东权益账面价值 | $11.6B | $3.8B |
| 总资产 | $22.2B | $6.4B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.31× |
8季度趋势，按日历期对齐
现金及短期投资AVBPTC
| Q4 25 | $187.2M | $209.7M | ||
| Q3 25 | $123.3M | $184.4M | ||
| Q2 25 | $102.8M | $199.3M | ||
| Q1 25 | $53.3M | $235.2M | ||
| Q4 24 | $108.6M | $196.3M | ||
| Q3 24 | $552.4M | $265.8M | ||
| Q2 24 | $545.8M | $247.7M | ||
| Q1 24 | $287.9M | $249.0M |
总债务AVBPTC
| Q4 25 | $9.3B | $1.2B | ||
| Q3 25 | $8.7B | $1.2B | ||
| Q2 25 | $8.7B | $1.2B | ||
| Q1 25 | $8.3B | $1.4B | ||
| Q4 24 | $8.1B | $1.0B | ||
| Q3 24 | $8.4B | $1.2B | ||
| Q2 24 | $8.4B | $1.3B | ||
| Q1 24 | $8.0B | $1.5B |
股东权益AVBPTC
| Q4 25 | $11.6B | $3.8B | ||
| Q3 25 | $11.9B | $3.8B | ||
| Q2 25 | $11.9B | $3.5B | ||
| Q1 25 | $11.9B | $3.4B | ||
| Q4 24 | $11.9B | $3.2B | ||
| Q3 24 | $11.9B | $3.2B | ||
| Q2 24 | $11.7B | $3.0B | ||
| Q1 24 | $11.7B | $2.9B |
总资产AVBPTC
| Q4 25 | $22.2B | $6.4B | ||
| Q3 25 | $21.9B | $6.6B | ||
| Q2 25 | $21.8B | $6.2B | ||
| Q1 25 | $21.2B | $6.2B | ||
| Q4 24 | $21.0B | $6.1B | ||
| Q3 24 | $21.3B | $6.4B | ||
| Q2 24 | $21.0B | $6.1B | ||
| Q1 24 | $20.6B | $6.2B |
负债/权益比AVBPTC
| Q4 25 | 0.80× | 0.31× | ||
| Q3 25 | 0.73× | 0.31× | ||
| Q2 25 | 0.72× | 0.34× | ||
| Q1 25 | 0.70× | 0.40× | ||
| Q4 24 | 0.68× | 0.32× | ||
| Q3 24 | 0.70× | 0.38× | ||
| Q2 24 | 0.71× | 0.43× | ||
| Q1 24 | 0.68× | 0.51× |
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 | $269.7M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $267.4M |
| 自由现金流率自由现金流/营收 | 183.5% | 39.0% |
| 资本支出强度资本支出/营收 | 34.1% | 0.3% |
| 现金转化率经营现金流/净利润 | 10.07× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $888.4M |
8季度趋势，按日历期对齐
经营现金流AVBPTC
| Q4 25 | $1.7B | $269.7M | ||
| Q3 25 | $477.0M | $104.0M | ||
| Q2 25 | $377.8M | $243.9M | ||
| Q1 25 | $415.9M | $281.3M | ||
| Q4 24 | $1.6B | $238.4M | ||
| Q3 24 | $486.2M | $98.1M | ||
| Q2 24 | $380.0M | $213.8M | ||
| Q1 24 | $412.9M | $250.7M |
自由现金流AVBPTC
| Q4 25 | $1.4B | $267.4M | ||
| Q3 25 | $402.2M | $100.5M | ||
| Q2 25 | $317.1M | $242.0M | ||
| Q1 25 | $367.5M | $278.5M | ||
| Q4 24 | $1.4B | $235.7M | ||
| Q3 24 | $434.2M | $93.6M | ||
| Q2 24 | $333.0M | $212.2M | ||
| Q1 24 | $375.4M | $247.1M |
自由现金流率AVBPTC
| Q4 25 | 183.5% | 39.0% | ||
| Q3 25 | 52.5% | 11.2% | ||
| Q2 25 | 41.7% | 37.6% | ||
| Q1 25 | 49.3% | 43.8% | ||
| Q4 24 | 191.0% | 41.7% | ||
| Q3 24 | 59.1% | 14.9% | ||
| Q2 24 | 45.9% | 40.9% | ||
| Q1 24 | 52.7% | 41.0% |
资本支出强度AVBPTC
| Q4 25 | 34.1% | 0.3% | ||
| Q3 25 | 9.8% | 0.4% | ||
| Q2 25 | 8.0% | 0.3% | ||
| Q1 25 | 6.5% | 0.4% | ||
| Q4 24 | 26.1% | 0.5% | ||
| Q3 24 | 7.1% | 0.7% | ||
| Q2 24 | 6.5% | 0.3% | ||
| Q1 24 | 5.3% | 0.6% |
现金转化率AVBPTC
| Q4 25 | 10.07× | 1.62× | ||
| Q3 25 | 1.25× | 0.30× | ||
| Q2 25 | 1.41× | 1.73× | ||
| Q1 25 | 1.76× | 1.73× | ||
| Q4 24 | 5.70× | 2.90× | ||
| Q3 24 | 1.31× | 0.78× | ||
| Q2 24 | 1.50× | 3.10× | ||
| Q1 24 | 2.38× | 2.19× |
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
AVB
暂无分部数据
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
