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AMERICOLD REALTY TRUST（COLD）与STARWOOD PROPERTY TRUST, INC.（STWD）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STARWOOD PROPERTY TRUST, INC.的1.2倍（$577.9M vs $492.9M），STARWOOD PROPERTY TRUST, INC.净利率更高（19.7% vs -2.4%，领先22.0%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs -1.2%），过去两年STARWOOD PROPERTY TRUST, INC.的营收复合增速更高（-2.9% 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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
COLD vs STWD — 直观对比
营收规模更大
COLD
是对方的1.2倍
$492.9M
营收增速更快
STWD
高出9.7%
-1.2%
净利率更高
STWD
高出22.0%
-2.4%
两年增速更快
STWD
近两年复合增速
-5.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $577.9M | $492.9M |
| 净利润 | $-13.7M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | 2.5% | 26.6% |
| 净利率 | -2.4% | 19.7% |
| 营收同比 | -1.2% | 8.5% |
| 净利润同比 | 16.9% | 87.7% |
| 每股收益（稀释后） | $-0.05 | $0.25 |
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COLDSTWD
| Q1 26 | $577.9M | — | ||
| Q4 25 | $643.1M | $492.9M | ||
| Q3 25 | $649.0M | $488.9M | ||
| Q2 25 | $635.1M | $444.3M | ||
| Q1 25 | $613.7M | $418.2M | ||
| Q4 24 | $647.4M | $454.4M | ||
| Q3 24 | $660.4M | $479.5M | ||
| Q2 24 | $645.6M | $489.8M |
净利润COLDSTWD
| Q1 26 | $-13.7M | — | ||
| Q4 25 | $-88.3M | $96.9M | ||
| Q3 25 | $-11.4M | $72.6M | ||
| Q2 25 | $1.5M | $129.8M | ||
| Q1 25 | $-16.4M | $112.3M | ||
| Q4 24 | $-36.2M | $51.6M | ||
| Q3 24 | $-3.7M | $76.1M | ||
| Q2 24 | $-64.1M | $77.9M |
毛利率COLDSTWD
| 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COLDSTWD
| Q1 26 | 2.5% | — | ||
| Q4 25 | -10.8% | 26.6% | ||
| Q3 25 | 2.6% | 19.1% | ||
| Q2 25 | 5.9% | 30.5% | ||
| Q1 25 | 3.6% | 28.7% | ||
| Q4 24 | -1.8% | 15.1% | ||
| Q3 24 | 4.6% | 17.2% | ||
| Q2 24 | 9.8% | 19.1% |
净利率COLDSTWD
| Q1 26 | -2.4% | — | ||
| Q4 25 | -13.7% | 19.7% | ||
| Q3 25 | -1.8% | 14.8% | ||
| Q2 25 | 0.2% | 29.2% | ||
| Q1 25 | -2.7% | 26.8% | ||
| Q4 24 | -5.6% | 11.4% | ||
| Q3 24 | -0.6% | 15.9% | ||
| Q2 24 | -9.9% | 15.9% |
每股收益（稀释后）COLDSTWD
| Q1 26 | $-0.05 | — | ||
| Q4 25 | $-0.31 | $0.25 | ||
| Q3 25 | $-0.04 | $0.19 | ||
| Q2 25 | $0.01 | $0.38 | ||
| Q1 25 | $-0.06 | $0.33 | ||
| Q4 24 | $-0.12 | $0.15 | ||
| Q3 24 | $-0.01 | $0.23 | ||
| Q2 24 | $-0.23 | $0.24 |
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 | — | $499.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8B | $6.8B |
| 总资产 | $8.1B | $63.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资COLDSTWD
| Q1 26 | — | — | ||
| Q4 25 | $136.9M | $499.5M | ||
| Q3 25 | $33.3M | $301.1M | ||
| Q2 25 | $101.4M | $259.9M | ||
| Q1 25 | $38.9M | $440.6M | ||
| Q4 24 | $47.7M | $377.8M | ||
| Q3 24 | $61.3M | $357.9M | ||
| Q2 24 | $44.2M | $259.3M |
股东权益COLDSTWD
| Q1 26 | $2.8B | — | ||
| Q4 25 | $2.9B | $6.8B | ||
| Q3 25 | $3.0B | $6.9B | ||
| Q2 25 | $3.1B | $6.4B | ||
| Q1 25 | $3.2B | $6.4B | ||
| Q4 24 | $3.3B | $6.4B | ||
| Q3 24 | $3.4B | $6.5B | ||
| Q2 24 | $3.4B | $6.2B |
总资产COLDSTWD
| Q1 26 | $8.1B | — | ||
| Q4 25 | $8.1B | $63.2B | ||
| Q3 25 | $8.1B | $62.4B | ||
| Q2 25 | $8.1B | $62.4B | ||
| Q1 25 | $7.8B | $62.2B | ||
| Q4 24 | $7.7B | $62.6B | ||
| Q3 24 | $7.9B | $64.2B | ||
| Q2 24 | $7.8B | $64.1B |
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 | $488.8M |
| 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 | — | 5.04× |
| 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COLDSTWD
| Q1 26 | $39.9M | — | ||
| Q4 25 | $130.2M | $488.8M | ||
| Q3 25 | $78.9M | $337.6M | ||
| Q2 25 | $120.3M | $-87.4M | ||
| Q1 25 | $30.2M | $238.9M | ||
| Q4 24 | $162.6M | $295.6M | ||
| Q3 24 | $50.6M | $241.8M | ||
| Q2 24 | $136.7M | $53.3M |
自由现金流COLDSTWD
| 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COLDSTWD
| 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COLDSTWD
| 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COLDSTWD
| Q1 26 | — | — | ||
| Q4 25 | — | 5.04× | ||
| Q3 25 | — | 4.65× | ||
| Q2 25 | 78.18× | -0.67× | ||
| Q1 25 | — | 2.13× | ||
| Q4 24 | — | 5.72× | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | 0.68× |
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% |
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
