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AMERICOLD REALTY TRUST（COLD）与Dream Finders Homes, Inc.（DFH）财务数据对比。点击上方公司名可切换其他公司
Dream Finders Homes, Inc.的季度营收约是AMERICOLD REALTY TRUST的1.9倍（$1.2B vs $643.1M），Dream Finders Homes, Inc.净利率更高（4.8% vs -13.7%，领先18.6%），AMERICOLD REALTY TRUST同比增速更快（-0.7% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $-12.2M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -0.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
COLD vs DFH — 直观对比
营收规模更大
DFH
是对方的1.9倍
$643.1M
营收增速更快
COLD
高出21.6%
-22.3%
净利率更高
DFH
高出18.6%
-13.7%
自由现金流更多
DFH
多$148.2M
$-12.2M
两年增速更快
DFH
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $1.2B |
| 净利润 | $-88.3M | $58.8M |
| 毛利率 | 31.3% | — |
| 营业利润率 | -10.8% | 6.4% |
| 净利率 | -13.7% | 4.8% |
| 营收同比 | -0.7% | -22.3% |
| 净利润同比 | -143.9% | -54.9% |
| 每股收益（稀释后） | $-0.31 | $0.57 |
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COLDDFH
| Q4 25 | $643.1M | $1.2B | ||
| Q3 25 | $649.0M | $969.8M | ||
| Q2 25 | $635.1M | $1.2B | ||
| Q1 25 | $613.7M | $989.9M | ||
| Q4 24 | $647.4M | $1.6B | ||
| Q3 24 | $660.4M | $1.0B | ||
| Q2 24 | $645.6M | $1.1B | ||
| Q1 24 | $651.4M | $827.8M |
净利润COLDDFH
| Q4 25 | $-88.3M | $58.8M | ||
| Q3 25 | $-11.4M | $47.0M | ||
| Q2 25 | $1.5M | $56.6M | ||
| Q1 25 | $-16.4M | $54.9M | ||
| Q4 24 | $-36.2M | $130.5M | ||
| Q3 24 | $-3.7M | $70.7M | ||
| Q2 24 | $-64.1M | $80.9M | ||
| Q1 24 | $9.7M | $54.5M |
毛利率COLDDFH
| Q4 25 | 31.3% | — | ||
| Q3 25 | 29.3% | — | ||
| Q2 25 | 30.9% | — | ||
| Q1 25 | 31.1% | — | ||
| Q4 24 | 29.7% | — | ||
| Q3 24 | 29.6% | — | ||
| Q2 24 | 31.0% | 19.2% | ||
| Q1 24 | 30.3% | 18.0% |
营业利润率COLDDFH
| Q4 25 | -10.8% | 6.4% | ||
| Q3 25 | 2.6% | 6.3% | ||
| Q2 25 | 5.9% | 6.4% | ||
| Q1 25 | 3.6% | 7.2% | ||
| Q4 24 | -1.8% | 10.8% | ||
| Q3 24 | 4.6% | 9.2% | ||
| Q2 24 | 9.8% | 10.0% | ||
| Q1 24 | 6.4% | 8.6% |
净利率COLDDFH
| Q4 25 | -13.7% | 4.8% | ||
| Q3 25 | -1.8% | 4.8% | ||
| Q2 25 | 0.2% | 4.9% | ||
| Q1 25 | -2.7% | 5.5% | ||
| Q4 24 | -5.6% | 8.4% | ||
| Q3 24 | -0.6% | 7.0% | ||
| Q2 24 | -9.9% | 7.7% | ||
| Q1 24 | 1.5% | 6.6% |
每股收益（稀释后）COLDDFH
| Q4 25 | $-0.31 | $0.57 | ||
| Q3 25 | $-0.04 | $0.47 | ||
| Q2 25 | $0.01 | $0.56 | ||
| Q1 25 | $-0.06 | $0.54 | ||
| Q4 24 | $-0.12 | $1.28 | ||
| Q3 24 | $-0.01 | $0.70 | ||
| Q2 24 | $-0.23 | $0.81 | ||
| Q1 24 | $0.03 | $0.55 |
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 | $136.9M | $234.8M |
| 总债务越低越好 | — | $1.6B |
| 股东权益账面价值 | $2.9B | $1.4B |
| 总资产 | $8.1B | $3.7B |
| 负债/权益比越低杠杆越低 | — | 1.13× |
8季度趋势，按日历期对齐
现金及短期投资COLDDFH
| Q4 25 | $136.9M | $234.8M | ||
| Q3 25 | $33.3M | $251.0M | ||
| Q2 25 | $101.4M | $210.3M | ||
| Q1 25 | $38.9M | $297.5M | ||
| Q4 24 | $47.7M | $274.4M | ||
| Q3 24 | $61.3M | $204.9M | ||
| Q2 24 | $44.2M | $274.8M | ||
| Q1 24 | $59.2M | $239.4M |
总债务COLDDFH
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益COLDDFH
| Q4 25 | $2.9B | $1.4B | ||
| Q3 25 | $3.0B | $1.4B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.2B | $1.3B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.4B | $1.1B | ||
| Q2 24 | $3.4B | $1.0B | ||
| Q1 24 | $3.6B | $968.7M |
总资产COLDDFH
| Q4 25 | $8.1B | $3.7B | ||
| Q3 25 | $8.1B | $3.8B | ||
| Q2 25 | $8.1B | $3.7B | ||
| Q1 25 | $7.8B | $3.5B | ||
| Q4 24 | $7.7B | $3.3B | ||
| Q3 24 | $7.9B | $3.3B | ||
| Q2 24 | $7.8B | $3.0B | ||
| Q1 24 | $7.8B | $2.7B |
负债/权益比COLDDFH
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.29× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $130.2M | $143.6M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $136.0M |
| 自由现金流率自由现金流/营收 | -1.9% | 11.2% |
| 资本支出强度资本支出/营收 | 22.1% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 2.44× |
| 过去12个月自由现金流最近4个季度 | $-217.2M | $-126.4M |
8季度趋势，按日历期对齐
经营现金流COLDDFH
| Q4 25 | $130.2M | $143.6M | ||
| Q3 25 | $78.9M | $-131.0M | ||
| Q2 25 | $120.3M | $-68.5M | ||
| Q1 25 | $30.2M | $-44.7M | ||
| Q4 24 | $162.6M | $306.5M | ||
| Q3 24 | $50.6M | $-205.0M | ||
| Q2 24 | $136.7M | $-110.6M | ||
| Q1 24 | $62.0M | $-247.5M |
自由现金流COLDDFH
| Q4 25 | $-12.2M | $136.0M | ||
| Q3 25 | $-65.4M | $-135.7M | ||
| Q2 25 | $-57.4M | $-78.8M | ||
| Q1 25 | $-82.3M | $-47.9M | ||
| Q4 24 | $57.4M | $302.6M | ||
| Q3 24 | $-44.5M | $-222.5M | ||
| Q2 24 | $73.3M | $-112.4M | ||
| Q1 24 | $16.2M | $-249.6M |
自由现金流率COLDDFH
| Q4 25 | -1.9% | 11.2% | ||
| Q3 25 | -10.1% | -14.0% | ||
| Q2 25 | -9.0% | -6.8% | ||
| Q1 25 | -13.4% | -4.8% | ||
| Q4 24 | 8.9% | 19.4% | ||
| Q3 24 | -6.7% | -22.1% | ||
| Q2 24 | 11.4% | -10.6% | ||
| Q1 24 | 2.5% | -30.2% |
资本支出强度COLDDFH
| Q4 25 | 22.1% | 0.6% | ||
| Q3 25 | 22.2% | 0.5% | ||
| Q2 25 | 28.0% | 0.9% | ||
| Q1 25 | 18.3% | 0.3% | ||
| Q4 24 | 16.3% | 0.3% | ||
| Q3 24 | 14.4% | 1.7% | ||
| Q2 24 | 9.8% | 0.2% | ||
| Q1 24 | 7.0% | 0.3% |
现金转化率COLDDFH
| Q4 25 | — | 2.44× | ||
| Q3 25 | — | -2.79× | ||
| Q2 25 | 78.18× | -1.21× | ||
| Q1 25 | — | -0.81× | ||
| Q4 24 | — | 2.35× | ||
| Q3 24 | — | -2.90× | ||
| Q2 24 | — | -1.37× | ||
| Q1 24 | 6.36× | -4.54× |
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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
