vs
AMERICOLD REALTY TRUST（COLD）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
AMERICOLD REALTY TRUST的季度营收约是FirstCash Holdings, Inc.的1.3倍（$643.1M vs $501.3M），FirstCash Holdings, Inc.净利率更高（20.8% vs -13.7%，领先34.5%），FirstCash Holdings, Inc.同比增速更快（21.2% vs -0.7%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% 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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
COLD vs FCFS — 直观对比
营收规模更大
COLD
是对方的1.3倍
$501.3M
营收增速更快
FCFS
高出21.8%
-0.7%
净利率更高
FCFS
高出34.5%
-13.7%
两年增速更快
FCFS
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $501.3M |
| 净利润 | $-88.3M | $104.2M |
| 毛利率 | 31.3% | — |
| 营业利润率 | -10.8% | 28.5% |
| 净利率 | -13.7% | 20.8% |
| 营收同比 | -0.7% | 21.2% |
| 净利润同比 | -143.9% | 24.7% |
| 每股收益（稀释后） | $-0.31 | $2.35 |
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COLDFCFS
| Q4 25 | $643.1M | $501.3M | ||
| Q3 25 | $649.0M | $411.0M | ||
| Q2 25 | $635.1M | $385.1M | ||
| Q1 25 | $613.7M | $371.1M | ||
| Q4 24 | $647.4M | $413.7M | ||
| Q3 24 | $660.4M | $363.1M | ||
| Q2 24 | $645.6M | $363.5M | ||
| Q1 24 | $651.4M | $366.8M |
净利润COLDFCFS
| Q4 25 | $-88.3M | $104.2M | ||
| Q3 25 | $-11.4M | $82.8M | ||
| Q2 25 | $1.5M | $59.8M | ||
| Q1 25 | $-16.4M | $83.6M | ||
| Q4 24 | $-36.2M | $83.5M | ||
| Q3 24 | $-3.7M | $64.8M | ||
| Q2 24 | $-64.1M | $49.1M | ||
| Q1 24 | $9.7M | $61.4M |
毛利率COLDFCFS
| 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% | — | ||
| Q1 24 | 30.3% | — |
营业利润率COLDFCFS
| Q4 25 | -10.8% | 28.5% | ||
| Q3 25 | 2.6% | 27.4% | ||
| Q2 25 | 5.9% | 21.1% | ||
| Q1 25 | 3.6% | 30.0% | ||
| Q4 24 | -1.8% | 26.5% | ||
| Q3 24 | 4.6% | 23.5% | ||
| Q2 24 | 9.8% | 18.2% | ||
| Q1 24 | 6.4% | 22.3% |
净利率COLDFCFS
| Q4 25 | -13.7% | 20.8% | ||
| Q3 25 | -1.8% | 20.1% | ||
| Q2 25 | 0.2% | 15.5% | ||
| Q1 25 | -2.7% | 22.5% | ||
| Q4 24 | -5.6% | 20.2% | ||
| Q3 24 | -0.6% | 17.9% | ||
| Q2 24 | -9.9% | 13.5% | ||
| Q1 24 | 1.5% | 16.7% |
每股收益（稀释后）COLDFCFS
| Q4 25 | $-0.31 | $2.35 | ||
| Q3 25 | $-0.04 | $1.86 | ||
| Q2 25 | $0.01 | $1.34 | ||
| Q1 25 | $-0.06 | $1.87 | ||
| Q4 24 | $-0.12 | $1.86 | ||
| Q3 24 | $-0.01 | $1.44 | ||
| Q2 24 | $-0.23 | $1.08 | ||
| Q1 24 | $0.03 | $1.35 |
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 | $125.2M |
| 总债务越低越好 | — | $2.2B |
| 股东权益账面价值 | $2.9B | $2.3B |
| 总资产 | $8.1B | $5.3B |
| 负债/权益比越低杠杆越低 | — | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资COLDFCFS
| Q4 25 | $136.9M | $125.2M | ||
| Q3 25 | $33.3M | $130.2M | ||
| Q2 25 | $101.4M | $101.5M | ||
| Q1 25 | $38.9M | $146.0M | ||
| Q4 24 | $47.7M | $175.1M | ||
| Q3 24 | $61.3M | $106.3M | ||
| Q2 24 | $44.2M | $113.7M | ||
| Q1 24 | $59.2M | $135.1M |
总债务COLDFCFS
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | — | $1.5B |
股东权益COLDFCFS
| Q4 25 | $2.9B | $2.3B | ||
| Q3 25 | $3.0B | $2.2B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.2B | $2.1B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.4B | $2.0B | ||
| Q1 24 | $3.6B | $2.0B |
总资产COLDFCFS
| Q4 25 | $8.1B | $5.3B | ||
| Q3 25 | $8.1B | $5.2B | ||
| Q2 25 | $8.1B | $4.5B | ||
| Q1 25 | $7.8B | $4.4B | ||
| Q4 24 | $7.7B | $4.5B | ||
| Q3 24 | $7.9B | $4.4B | ||
| Q2 24 | $7.8B | $4.3B | ||
| Q1 24 | $7.8B | $4.2B |
负债/权益比COLDFCFS
| Q4 25 | — | 0.98× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 0.79× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 0.85× | ||
| Q3 24 | — | 0.87× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.75× |
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 | $206.6M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | — |
| 自由现金流率自由现金流/营收 | -1.9% | — |
| 资本支出强度资本支出/营收 | 22.1% | — |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | $-217.2M | — |
8季度趋势，按日历期对齐
经营现金流COLDFCFS
| Q4 25 | $130.2M | $206.6M | ||
| Q3 25 | $78.9M | $135.8M | ||
| Q2 25 | $120.3M | $116.9M | ||
| Q1 25 | $30.2M | $126.6M | ||
| Q4 24 | $162.6M | $198.1M | ||
| Q3 24 | $50.6M | $113.1M | ||
| Q2 24 | $136.7M | $106.2M | ||
| Q1 24 | $62.0M | $122.5M |
自由现金流COLDFCFS
| Q4 25 | $-12.2M | — | ||
| Q3 25 | $-65.4M | — | ||
| Q2 25 | $-57.4M | — | ||
| Q1 25 | $-82.3M | — | ||
| Q4 24 | $57.4M | — | ||
| Q3 24 | $-44.5M | — | ||
| Q2 24 | $73.3M | — | ||
| Q1 24 | $16.2M | — |
自由现金流率COLDFCFS
| Q4 25 | -1.9% | — | ||
| Q3 25 | -10.1% | — | ||
| Q2 25 | -9.0% | — | ||
| Q1 25 | -13.4% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | -6.7% | — | ||
| Q2 24 | 11.4% | — | ||
| Q1 24 | 2.5% | — |
资本支出强度COLDFCFS
| Q4 25 | 22.1% | — | ||
| Q3 25 | 22.2% | — | ||
| Q2 25 | 28.0% | — | ||
| Q1 25 | 18.3% | — | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | 14.4% | — | ||
| Q2 24 | 9.8% | — | ||
| Q1 24 | 7.0% | — |
现金转化率COLDFCFS
| Q4 25 | — | 1.98× | ||
| Q3 25 | — | 1.64× | ||
| Q2 25 | 78.18× | 1.95× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | 2.37× | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 2.16× | ||
| Q1 24 | 6.36× | 2.00× |
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% |
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
