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AMERICOLD REALTY TRUST（COLD）与哈雷戴维森（HOG）财务数据对比。点击上方公司名可切换其他公司
AMERICOLD REALTY TRUST的季度营收约是哈雷戴维森的1.6倍（$643.1M vs $390.5M），AMERICOLD REALTY TRUST净利率更高（-13.7% vs -72.3%，领先58.6%），AMERICOLD REALTY TRUST同比增速更快（-0.7% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $-12.2M），过去两年AMERICOLD REALTY TRUST的营收复合增速更高（-0.6% vs -48.6%）
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。
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
COLD vs HOG — 直观对比
营收规模更大
COLD
是对方的1.6倍
$390.5M
营收增速更快
COLD
高出8.7%
-9.4%
净利率更高
COLD
高出58.6%
-72.3%
自由现金流更多
HOG
多$112.6M
$-12.2M
两年增速更快
COLD
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $390.5M |
| 净利润 | $-88.3M | $-282.6M |
| 毛利率 | 31.3% | -7.9% |
| 营业利润率 | -10.8% | -92.4% |
| 净利率 | -13.7% | -72.3% |
| 营收同比 | -0.7% | -9.4% |
| 净利润同比 | -143.9% | -138.6% |
| 每股收益（稀释后） | $-0.31 | $-2.27 |
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COLDHOG
| Q4 25 | $643.1M | $390.5M | ||
| Q3 25 | $649.0M | $1.1B | ||
| Q2 25 | $635.1M | $1.0B | ||
| Q1 25 | $613.7M | $1.1B | ||
| Q4 24 | $647.4M | $430.9M | ||
| Q3 24 | $660.4M | $881.2M | ||
| Q2 24 | $645.6M | $1.4B | ||
| Q1 24 | $651.4M | $1.5B |
净利润COLDHOG
| Q4 25 | $-88.3M | $-282.6M | ||
| Q3 25 | $-11.4M | $377.4M | ||
| Q2 25 | $1.5M | $107.6M | ||
| Q1 25 | $-16.4M | $133.1M | ||
| Q4 24 | $-36.2M | $-118.4M | ||
| Q3 24 | $-3.7M | $119.0M | ||
| Q2 24 | $-64.1M | $218.3M | ||
| Q1 24 | $9.7M | $234.9M |
毛利率COLDHOG
| Q4 25 | 31.3% | -7.9% | ||
| Q3 25 | 29.3% | 26.0% | ||
| Q2 25 | 30.9% | 28.5% | ||
| Q1 25 | 31.1% | 28.9% | ||
| Q4 24 | 29.7% | -2.0% | ||
| Q3 24 | 29.6% | 29.8% | ||
| Q2 24 | 31.0% | 31.8% | ||
| Q1 24 | 30.3% | 30.9% |
营业利润率COLDHOG
| Q4 25 | -10.8% | -92.4% | ||
| Q3 25 | 2.6% | 44.0% | ||
| Q2 25 | 5.9% | 10.7% | ||
| Q1 25 | 3.6% | 14.8% | ||
| Q4 24 | -1.8% | -44.9% | ||
| Q3 24 | 4.6% | 12.0% | ||
| Q2 24 | 9.8% | 17.8% | ||
| Q1 24 | 6.4% | 17.8% |
净利率COLDHOG
| Q4 25 | -13.7% | -72.3% | ||
| Q3 25 | -1.8% | 35.0% | ||
| Q2 25 | 0.2% | 10.2% | ||
| Q1 25 | -2.7% | 12.3% | ||
| Q4 24 | -5.6% | -27.5% | ||
| Q3 24 | -0.6% | 13.5% | ||
| Q2 24 | -9.9% | 16.1% | ||
| Q1 24 | 1.5% | 15.9% |
每股收益（稀释后）COLDHOG
| Q4 25 | $-0.31 | $-2.27 | ||
| Q3 25 | $-0.04 | $3.10 | ||
| Q2 25 | $0.01 | $0.88 | ||
| Q1 25 | $-0.06 | $1.07 | ||
| Q4 24 | $-0.12 | $-0.82 | ||
| Q3 24 | $-0.01 | $0.91 | ||
| Q2 24 | $-0.23 | $1.63 | ||
| Q1 24 | $0.03 | $1.72 |
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 | $3.1B |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $2.9B | $3.1B |
| 总资产 | $8.1B | $8.0B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资COLDHOG
| Q4 25 | $136.9M | $3.1B | ||
| Q3 25 | $33.3M | $1.8B | ||
| Q2 25 | $101.4M | $1.6B | ||
| Q1 25 | $38.9M | $1.9B | ||
| Q4 24 | $47.7M | $1.6B | ||
| Q3 24 | $61.3M | $2.2B | ||
| Q2 24 | $44.2M | $1.8B | ||
| Q1 24 | $59.2M | $1.5B |
总债务COLDHOG
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $4.5B | ||
| Q2 25 | — | $6.4B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.3B | ||
| Q3 24 | — | $7.3B | ||
| Q2 24 | — | $7.0B | ||
| Q1 24 | — | $6.3B |
股东权益COLDHOG
| Q4 25 | $2.9B | $3.1B | ||
| Q3 25 | $3.0B | $3.6B | ||
| Q2 25 | $3.1B | $3.3B | ||
| Q1 25 | $3.2B | $3.2B | ||
| Q4 24 | $3.3B | $3.2B | ||
| Q3 24 | $3.4B | $3.4B | ||
| Q2 24 | $3.4B | $3.4B | ||
| Q1 24 | $3.6B | $3.3B |
总资产COLDHOG
| Q4 25 | $8.1B | $8.0B | ||
| Q3 25 | $8.1B | $10.6B | ||
| Q2 25 | $8.1B | $12.1B | ||
| Q1 25 | $7.8B | $12.4B | ||
| Q4 24 | $7.7B | $11.9B | ||
| Q3 24 | $7.9B | $13.0B | ||
| Q2 24 | $7.8B | $12.8B | ||
| Q1 24 | $7.8B | $12.3B |
负债/权益比COLDHOG
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.25× | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | — | 2.14× | ||
| Q4 24 | — | 2.00× | ||
| Q3 24 | — | 2.13× | ||
| Q2 24 | — | 2.03× | ||
| Q1 24 | — | 1.88× |
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 | $152.0M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $100.4M |
| 自由现金流率自由现金流/营收 | -1.9% | 25.7% |
| 资本支出强度资本支出/营收 | 22.1% | 13.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-217.2M | $415.2M |
8季度趋势，按日历期对齐
经营现金流COLDHOG
| Q4 25 | $130.2M | $152.0M | ||
| Q3 25 | $78.9M | $-92.6M | ||
| Q2 25 | $120.3M | $368.0M | ||
| Q1 25 | $30.2M | $141.5M | ||
| Q4 24 | $162.6M | $133.2M | ||
| Q3 24 | $50.6M | $353.0M | ||
| Q2 24 | $136.7M | $473.6M | ||
| Q1 24 | $62.0M | $104.0M |
自由现金流COLDHOG
| Q4 25 | $-12.2M | $100.4M | ||
| Q3 25 | $-65.4M | $-129.1M | ||
| Q2 25 | $-57.4M | $332.4M | ||
| Q1 25 | $-82.3M | $111.6M | ||
| Q4 24 | $57.4M | $77.0M | ||
| Q3 24 | $-44.5M | $300.4M | ||
| Q2 24 | $73.3M | $432.2M | ||
| Q1 24 | $16.2M | $57.6M |
自由现金流率COLDHOG
| Q4 25 | -1.9% | 25.7% | ||
| Q3 25 | -10.1% | -12.0% | ||
| Q2 25 | -9.0% | 31.7% | ||
| Q1 25 | -13.4% | 10.3% | ||
| Q4 24 | 8.9% | 17.9% | ||
| Q3 24 | -6.7% | 34.1% | ||
| Q2 24 | 11.4% | 31.9% | ||
| Q1 24 | 2.5% | 3.9% |
资本支出强度COLDHOG
| Q4 25 | 22.1% | 13.2% | ||
| Q3 25 | 22.2% | 3.4% | ||
| Q2 25 | 28.0% | 3.4% | ||
| Q1 25 | 18.3% | 2.8% | ||
| Q4 24 | 16.3% | 13.0% | ||
| Q3 24 | 14.4% | 6.0% | ||
| Q2 24 | 9.8% | 3.1% | ||
| Q1 24 | 7.0% | 3.1% |
现金转化率COLDHOG
| Q4 25 | — | — | ||
| Q3 25 | — | -0.25× | ||
| Q2 25 | 78.18× | 3.42× | ||
| Q1 25 | — | 1.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.97× | ||
| Q2 24 | — | 2.17× | ||
| Q1 24 | 6.36× | 0.44× |
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% |
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
