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AMERICOLD REALTY TRUST（COLD）与Regency Centers（REG）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Regency Centers的1.4倍（$577.9M vs $404.2M），Regency Centers净利率更高（50.1% vs -2.4%，领先52.5%），Regency Centers同比增速更快（8.5% vs -1.2%），过去两年Regency Centers的营收复合增速更高（5.4% vs -5.4%）
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。
Regency Centers是总部位于美国佛罗里达州杰克逊维尔的房地产投资信托基金，也是以超市为核心租户的大型购物中心运营商之一。截至2020年10月21日，公司共持有415处物业，总建筑面积达5600万平方英尺，知名资产包括Serramonte Center及Village District 30%的股权。
COLD vs REG — 直观对比
营收规模更大
COLD
是对方的1.4倍
$404.2M
营收增速更快
REG
高出9.7%
-1.2%
净利率更高
REG
高出52.5%
-2.4%
两年增速更快
REG
近两年复合增速
-5.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $577.9M | $404.2M |
| 净利润 | $-13.7M | $202.5M |
| 毛利率 | — | — |
| 营业利润率 | 2.5% | 71.0% |
| 净利率 | -2.4% | 50.1% |
| 营收同比 | -1.2% | 8.5% |
| 净利润同比 | 16.9% | 134.1% |
| 每股收益（稀释后） | $-0.05 | — |
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COLDREG
| Q1 26 | $577.9M | — | ||
| Q4 25 | $643.1M | $404.2M | ||
| Q3 25 | $649.0M | $387.6M | ||
| Q2 25 | $635.1M | $380.8M | ||
| Q1 25 | $613.7M | $380.9M | ||
| Q4 24 | $647.4M | $372.5M | ||
| Q3 24 | $660.4M | $360.3M | ||
| Q2 24 | $645.6M | $357.3M |
净利润COLDREG
| Q1 26 | $-13.7M | — | ||
| Q4 25 | $-88.3M | $202.5M | ||
| Q3 25 | $-11.4M | $109.4M | ||
| Q2 25 | $1.5M | $106.0M | ||
| Q1 25 | $-16.4M | $109.6M | ||
| Q4 24 | $-36.2M | $86.5M | ||
| Q3 24 | $-3.7M | $101.5M | ||
| Q2 24 | $-64.1M | $102.7M |
毛利率COLDREG
| Q1 26 | — | — | ||
| 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% | — |
营业利润率COLDREG
| Q1 26 | 2.5% | — | ||
| Q4 25 | -10.8% | 71.0% | ||
| Q3 25 | 2.6% | 72.7% | ||
| Q2 25 | 5.9% | 73.8% | ||
| Q1 25 | 3.6% | 71.8% | ||
| Q4 24 | -1.8% | 71.1% | ||
| Q3 24 | 4.6% | 72.5% | ||
| Q2 24 | 9.8% | 72.3% |
净利率COLDREG
| Q1 26 | -2.4% | — | ||
| Q4 25 | -13.7% | 50.1% | ||
| Q3 25 | -1.8% | 28.2% | ||
| Q2 25 | 0.2% | 27.8% | ||
| Q1 25 | -2.7% | 28.8% | ||
| Q4 24 | -5.6% | 23.2% | ||
| Q3 24 | -0.6% | 28.2% | ||
| Q2 24 | -9.9% | 28.7% |
每股收益（稀释后）COLDREG
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.31 | — | ||
| Q3 25 | $-0.04 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.06 | — | ||
| Q4 24 | $-0.12 | — | ||
| Q3 24 | $-0.01 | — | ||
| Q2 24 | $-0.23 | — |
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 | — | — |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $2.8B | $6.9B |
| 总资产 | $8.1B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资COLDREG
| Q1 26 | — | — | ||
| Q4 25 | $136.9M | — | ||
| Q3 25 | $33.3M | — | ||
| Q2 25 | $101.4M | — | ||
| Q1 25 | $38.9M | — | ||
| Q4 24 | $47.7M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $44.2M | — |
总债务COLDREG
| Q1 26 | — | — | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | — | $4.8B | ||
| Q1 25 | — | $4.6B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B |
股东权益COLDREG
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.9B | $6.9B | ||
| Q3 25 | $3.0B | $6.8B | ||
| Q2 25 | $3.1B | $6.7B | ||
| Q1 25 | $3.2B | $6.7B | ||
| Q4 24 | $3.3B | $6.7B | ||
| Q3 24 | $3.4B | $6.8B | ||
| Q2 24 | $3.4B | $6.8B |
总资产COLDREG
| Q1 26 | $8.1B | — | ||
| Q4 25 | $8.1B | $13.0B | ||
| Q3 25 | $8.1B | $13.1B | ||
| Q2 25 | $8.1B | $12.7B | ||
| Q1 25 | $7.8B | $12.6B | ||
| Q4 24 | $7.7B | $12.4B | ||
| Q3 24 | $7.9B | $12.4B | ||
| Q2 24 | $7.8B | $12.4B |
负债/权益比COLDREG
| Q1 26 | — | — | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.64× |
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 | $39.9M | $203.9M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | — | 1.01× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流COLDREG
| Q1 26 | $39.9M | — | ||
| Q4 25 | $130.2M | $203.9M | ||
| Q3 25 | $78.9M | $218.7M | ||
| Q2 25 | $120.3M | $244.0M | ||
| Q1 25 | $30.2M | $161.0M | ||
| Q4 24 | $162.6M | $191.4M | ||
| Q3 24 | $50.6M | $227.6M | ||
| Q2 24 | $136.7M | $203.5M |
自由现金流COLDREG
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率COLDREG
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度COLDREG
| Q1 26 | 2.2% | — | ||
| 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% | — |
现金转化率COLDREG
| Q1 26 | — | — | ||
| Q4 25 | — | 1.01× | ||
| Q3 25 | — | 2.00× | ||
| Q2 25 | 78.18× | 2.30× | ||
| Q1 25 | — | 1.47× | ||
| Q4 24 | — | 2.21× | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.98× |
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 (3) | $331.9M | 57% |
| Rent and storage | $246.1M | 43% |
REG
| Shopping Centers | $418.0M | 103% |
| Propertymanagementservices | $4.1M | 1% |
| Assetmanagementservices | $1.7M | 0% |
