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AMERICOLD REALTY TRUST（COLD）与Park Hotels & Resorts Inc.（PK）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Park Hotels & Resorts Inc.的1.0倍（$643.1M vs $629.0M），AMERICOLD REALTY TRUST净利率更高（-13.7% vs -32.6%，领先18.9%），Park Hotels & Resorts Inc.同比增速更快（0.6% vs -0.7%），Park Hotels & Resorts Inc.自由现金流更多（$-3.0M vs $-12.2M），过去两年AMERICOLD REALTY TRUST的营收复合增速更高（-0.6% vs -0.8%）
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。
Park Hotels & Resorts是一家总部位于美国弗吉尼亚州泰森斯的房地产投资信托（REIT），核心业务为酒店物业投资运营。该企业于2017年从希尔顿全球集团分拆成立，在酒店不动产领域拥有专业的投资与管理经验。
COLD vs PK — 直观对比
营收规模更大
COLD
是对方的1.0倍
$629.0M
营收增速更快
PK
高出1.3%
-0.7%
净利率更高
COLD
高出18.9%
-32.6%
自由现金流更多
PK
多$9.2M
$-12.2M
两年增速更快
COLD
近两年复合增速
-0.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $629.0M |
| 净利润 | $-88.3M | $-205.0M |
| 毛利率 | 31.3% | — |
| 营业利润率 | -10.8% | -26.1% |
| 净利率 | -13.7% | -32.6% |
| 营收同比 | -0.7% | 0.6% |
| 净利润同比 | -143.9% | -410.6% |
| 每股收益（稀释后） | $-0.31 | $-1.04 |
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COLDPK
| Q4 25 | $643.1M | $629.0M | ||
| Q3 25 | $649.0M | $610.0M | ||
| Q2 25 | $635.1M | $672.0M | ||
| Q1 25 | $613.7M | $630.0M | ||
| Q4 24 | $647.4M | $625.0M | ||
| Q3 24 | $660.4M | $649.0M | ||
| Q2 24 | $645.6M | $686.0M | ||
| Q1 24 | $651.4M | $639.0M |
净利润COLDPK
| Q4 25 | $-88.3M | $-205.0M | ||
| Q3 25 | $-11.4M | $-16.0M | ||
| Q2 25 | $1.5M | $-5.0M | ||
| Q1 25 | $-16.4M | $-57.0M | ||
| Q4 24 | $-36.2M | $66.0M | ||
| Q3 24 | $-3.7M | $54.0M | ||
| Q2 24 | $-64.1M | $64.0M | ||
| Q1 24 | $9.7M | $28.0M |
毛利率COLDPK
| 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COLDPK
| Q4 25 | -10.8% | -26.1% | ||
| Q3 25 | 2.6% | 9.7% | ||
| Q2 25 | 5.9% | 9.7% | ||
| Q1 25 | 3.6% | 1.1% | ||
| Q4 24 | -1.8% | 13.3% | ||
| Q3 24 | 4.6% | 14.6% | ||
| Q2 24 | 9.8% | 17.6% | ||
| Q1 24 | 6.4% | 14.4% |
净利率COLDPK
| Q4 25 | -13.7% | -32.6% | ||
| Q3 25 | -1.8% | -2.6% | ||
| Q2 25 | 0.2% | -0.7% | ||
| Q1 25 | -2.7% | -9.0% | ||
| Q4 24 | -5.6% | 10.6% | ||
| Q3 24 | -0.6% | 8.3% | ||
| Q2 24 | -9.9% | 9.3% | ||
| Q1 24 | 1.5% | 4.4% |
每股收益（稀释后）COLDPK
| Q4 25 | $-0.31 | $-1.04 | ||
| Q3 25 | $-0.04 | $-0.08 | ||
| Q2 25 | $0.01 | $-0.02 | ||
| Q1 25 | $-0.06 | $-0.29 | ||
| Q4 24 | $-0.12 | $0.32 | ||
| Q3 24 | $-0.01 | $0.26 | ||
| Q2 24 | $-0.23 | $0.30 | ||
| Q1 24 | $0.03 | $0.13 |
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 | $232.0M |
| 总债务越低越好 | — | $3.9B |
| 股东权益账面价值 | $2.9B | $3.1B |
| 总资产 | $8.1B | $7.7B |
| 负债/权益比越低杠杆越低 | — | 1.23× |
8季度趋势，按日历期对齐
现金及短期投资COLDPK
| Q4 25 | $136.9M | $232.0M | ||
| Q3 25 | $33.3M | $278.0M | ||
| Q2 25 | $101.4M | $319.0M | ||
| Q1 25 | $38.9M | $233.0M | ||
| Q4 24 | $47.7M | $402.0M | ||
| Q3 24 | $61.3M | $480.0M | ||
| Q2 24 | $44.2M | $449.0M | ||
| Q1 24 | $59.2M | $378.0M |
总债务COLDPK
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $3.9B | ||
| Q2 25 | — | $3.9B | ||
| Q1 25 | — | $3.9B | ||
| Q4 24 | — | $3.9B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.8B |
股东权益COLDPK
| Q4 25 | $2.9B | $3.1B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $3.1B | $3.4B | ||
| Q1 25 | $3.2B | $3.5B | ||
| Q4 24 | $3.3B | $3.6B | ||
| Q3 24 | $3.4B | $3.8B | ||
| Q2 24 | $3.4B | $3.8B | ||
| Q1 24 | $3.6B | $3.8B |
总资产COLDPK
| Q4 25 | $8.1B | $7.7B | ||
| Q3 25 | $8.1B | $8.8B | ||
| Q2 25 | $8.1B | $8.9B | ||
| Q1 25 | $7.8B | $8.9B | ||
| Q4 24 | $7.7B | $9.2B | ||
| Q3 24 | $7.9B | $9.2B | ||
| Q2 24 | $7.8B | $9.2B | ||
| Q1 24 | $7.8B | $9.1B |
负债/权益比COLDPK
| Q4 25 | — | 1.23× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 1.11× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.00× |
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 | $105.0M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $-3.0M |
| 自由现金流率自由现金流/营收 | -1.9% | -0.5% |
| 资本支出强度资本支出/营收 | 22.1% | 17.2% |
| 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 | $102.0M |
8季度趋势，按日历期对齐
经营现金流COLDPK
| Q4 25 | $130.2M | $105.0M | ||
| Q3 25 | $78.9M | $99.0M | ||
| Q2 25 | $120.3M | $108.0M | ||
| Q1 25 | $30.2M | $86.0M | ||
| Q4 24 | $162.6M | $80.0M | ||
| Q3 24 | $50.6M | $140.0M | ||
| Q2 24 | $136.7M | $117.0M | ||
| Q1 24 | $62.0M | $92.0M |
自由现金流COLDPK
| Q4 25 | $-12.2M | $-3.0M | ||
| Q3 25 | $-65.4M | $31.0M | ||
| Q2 25 | $-57.4M | $65.0M | ||
| Q1 25 | $-82.3M | $9.0M | ||
| Q4 24 | $57.4M | $17.0M | ||
| Q3 24 | $-44.5M | $97.0M | ||
| Q2 24 | $73.3M | $66.0M | ||
| Q1 24 | $16.2M | $22.0M |
自由现金流率COLDPK
| Q4 25 | -1.9% | -0.5% | ||
| Q3 25 | -10.1% | 5.1% | ||
| Q2 25 | -9.0% | 9.7% | ||
| Q1 25 | -13.4% | 1.4% | ||
| Q4 24 | 8.9% | 2.7% | ||
| Q3 24 | -6.7% | 14.9% | ||
| Q2 24 | 11.4% | 9.6% | ||
| Q1 24 | 2.5% | 3.4% |
资本支出强度COLDPK
| Q4 25 | 22.1% | 17.2% | ||
| Q3 25 | 22.2% | 11.1% | ||
| Q2 25 | 28.0% | 6.4% | ||
| Q1 25 | 18.3% | 12.2% | ||
| Q4 24 | 16.3% | 10.1% | ||
| Q3 24 | 14.4% | 6.6% | ||
| Q2 24 | 9.8% | 7.4% | ||
| Q1 24 | 7.0% | 11.0% |
现金转化率COLDPK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 78.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 2.59× | ||
| Q2 24 | — | 1.83× | ||
| Q1 24 | 6.36× | 3.29× |
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% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
