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AMERICOLD REALTY TRUST（COLD）与ZILLOW GROUP, INC.（ZG）财务数据对比。点击上方公司名可切换其他公司
ZILLOW GROUP, INC.的季度营收约是AMERICOLD REALTY TRUST的1.0倍（$654.0M vs $643.1M），ZILLOW GROUP, INC.净利率更高（0.5% vs -13.7%，领先14.2%），ZILLOW GROUP, INC.同比增速更快（18.1% vs -0.7%），ZILLOW GROUP, INC.自由现金流更多（$44.0M vs $-12.2M），过去两年ZILLOW GROUP, INC.的营收复合增速更高（11.2% 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。
Zillow集团是美国头部房地产科技线上平台企业，2006年由前微软高管里奇·巴顿、劳埃德·弗林克等联合创立，业务涵盖房产信息查询、交易配套服务等，是全球房产科技领域的知名代表企业。
COLD vs ZG — 直观对比
营收规模更大
ZG
是对方的1.0倍
$643.1M
营收增速更快
ZG
高出18.7%
-0.7%
净利率更高
ZG
高出14.2%
-13.7%
自由现金流更多
ZG
多$56.2M
$-12.2M
两年增速更快
ZG
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $654.0M |
| 净利润 | $-88.3M | $3.0M |
| 毛利率 | 31.3% | 72.8% |
| 营业利润率 | -10.8% | -1.7% |
| 净利率 | -13.7% | 0.5% |
| 营收同比 | -0.7% | 18.1% |
| 净利润同比 | -143.9% | 105.8% |
| 每股收益（稀释后） | $-0.31 | $0.01 |
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COLDZG
| Q4 25 | $643.1M | $654.0M | ||
| Q3 25 | $649.0M | $676.0M | ||
| Q2 25 | $635.1M | $655.0M | ||
| Q1 25 | $613.7M | $598.0M | ||
| Q4 24 | $647.4M | $554.0M | ||
| Q3 24 | $660.4M | $581.0M | ||
| Q2 24 | $645.6M | $572.0M | ||
| Q1 24 | $651.4M | $529.0M |
净利润COLDZG
| Q4 25 | $-88.3M | $3.0M | ||
| Q3 25 | $-11.4M | $10.0M | ||
| Q2 25 | $1.5M | $2.0M | ||
| Q1 25 | $-16.4M | $8.0M | ||
| Q4 24 | $-36.2M | $-52.0M | ||
| Q3 24 | $-3.7M | $-20.0M | ||
| Q2 24 | $-64.1M | $-17.0M | ||
| Q1 24 | $9.7M | $-23.0M |
毛利率COLDZG
| Q4 25 | 31.3% | 72.8% | ||
| Q3 25 | 29.3% | 72.6% | ||
| Q2 25 | 30.9% | 74.7% | ||
| Q1 25 | 31.1% | 76.8% | ||
| Q4 24 | 29.7% | 75.8% | ||
| Q3 24 | 29.6% | 75.9% | ||
| Q2 24 | 31.0% | 77.3% | ||
| Q1 24 | 30.3% | 76.7% |
营业利润率COLDZG
| Q4 25 | -10.8% | -1.7% | ||
| Q3 25 | 2.6% | -0.4% | ||
| Q2 25 | 5.9% | -1.7% | ||
| Q1 25 | 3.6% | -1.5% | ||
| Q4 24 | -1.8% | -12.5% | ||
| Q3 24 | 4.6% | -7.7% | ||
| Q2 24 | 9.8% | -6.6% | ||
| Q1 24 | 6.4% | -8.5% |
净利率COLDZG
| Q4 25 | -13.7% | 0.5% | ||
| Q3 25 | -1.8% | 1.5% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | -2.7% | 1.3% | ||
| Q4 24 | -5.6% | -9.4% | ||
| Q3 24 | -0.6% | -3.4% | ||
| Q2 24 | -9.9% | -3.0% | ||
| Q1 24 | 1.5% | -4.3% |
每股收益（稀释后）COLDZG
| Q4 25 | $-0.31 | $0.01 | ||
| Q3 25 | $-0.04 | $0.04 | ||
| Q2 25 | $0.01 | $0.01 | ||
| Q1 25 | $-0.06 | $0.03 | ||
| Q4 24 | $-0.12 | $-0.23 | ||
| Q3 24 | $-0.01 | $-0.08 | ||
| Q2 24 | $-0.23 | $-0.07 | ||
| Q1 24 | $0.03 | $-0.10 |
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 | $768.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.9B | $4.9B |
| 总资产 | $8.1B | $5.7B |
| 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COLDZG
| Q4 25 | $136.9M | $768.0M | ||
| Q3 25 | $33.3M | $874.0M | ||
| Q2 25 | $101.4M | $587.0M | ||
| Q1 25 | $38.9M | $914.0M | ||
| Q4 24 | $47.7M | $1.1B | ||
| Q3 24 | $61.3M | $1.1B | ||
| Q2 24 | $44.2M | $1.2B | ||
| Q1 24 | $59.2M | $1.4B |
股东权益COLDZG
| Q4 25 | $2.9B | $4.9B | ||
| Q3 25 | $3.0B | $5.0B | ||
| Q2 25 | $3.1B | $4.7B | ||
| Q1 25 | $3.2B | $4.8B | ||
| Q4 24 | $3.3B | $4.8B | ||
| Q3 24 | $3.4B | $4.7B | ||
| Q2 24 | $3.4B | $4.5B | ||
| Q1 24 | $3.6B | $4.7B |
总资产COLDZG
| Q4 25 | $8.1B | $5.7B | ||
| Q3 25 | $8.1B | $5.7B | ||
| Q2 25 | $8.1B | $5.4B | ||
| Q1 25 | $7.8B | $5.7B | ||
| Q4 24 | $7.7B | $5.8B | ||
| Q3 24 | $7.9B | $6.2B | ||
| Q2 24 | $7.8B | $6.6B | ||
| Q1 24 | $7.8B | $6.8B |
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 | $72.0M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $44.0M |
| 自由现金流率自由现金流/营收 | -1.9% | 6.7% |
| 资本支出强度资本支出/营收 | 22.1% | 4.3% |
| 现金转化率经营现金流/净利润 | — | 24.00× |
| 过去12个月自由现金流最近4个季度 | $-217.2M | $235.0M |
8季度趋势，按日历期对齐
经营现金流COLDZG
| Q4 25 | $130.2M | $72.0M | ||
| Q3 25 | $78.9M | $105.0M | ||
| Q2 25 | $120.3M | $87.0M | ||
| Q1 25 | $30.2M | $104.0M | ||
| Q4 24 | $162.6M | $122.0M | ||
| Q3 24 | $50.6M | $171.0M | ||
| Q2 24 | $136.7M | $55.0M | ||
| Q1 24 | $62.0M | $80.0M |
自由现金流COLDZG
| Q4 25 | $-12.2M | $44.0M | ||
| Q3 25 | $-65.4M | $73.0M | ||
| Q2 25 | $-57.4M | $50.0M | ||
| Q1 25 | $-82.3M | $68.0M | ||
| Q4 24 | $57.4M | $88.0M | ||
| Q3 24 | $-44.5M | $138.0M | ||
| Q2 24 | $73.3M | $18.0M | ||
| Q1 24 | $16.2M | $41.0M |
自由现金流率COLDZG
| Q4 25 | -1.9% | 6.7% | ||
| Q3 25 | -10.1% | 10.8% | ||
| Q2 25 | -9.0% | 7.6% | ||
| Q1 25 | -13.4% | 11.4% | ||
| Q4 24 | 8.9% | 15.9% | ||
| Q3 24 | -6.7% | 23.8% | ||
| Q2 24 | 11.4% | 3.1% | ||
| Q1 24 | 2.5% | 7.8% |
资本支出强度COLDZG
| Q4 25 | 22.1% | 4.3% | ||
| Q3 25 | 22.2% | 4.7% | ||
| Q2 25 | 28.0% | 5.6% | ||
| Q1 25 | 18.3% | 6.0% | ||
| Q4 24 | 16.3% | 6.1% | ||
| Q3 24 | 14.4% | 5.7% | ||
| Q2 24 | 9.8% | 6.5% | ||
| Q1 24 | 7.0% | 7.4% |
现金转化率COLDZG
| Q4 25 | — | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | 78.18× | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 6.36× | — |
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% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
