vs
Digital Realty（DLR）与Vulcan Materials Company（VMC）财务数据对比。点击上方公司名可切换其他公司
Vulcan Materials Company的季度营收约是Digital Realty的1.2倍（$1.9B vs $1.6B），Vulcan Materials Company净利率更高（13.2% vs 6.0%，领先7.1%），Digital Realty同比增速更快（16.1% vs 3.2%），过去两年Vulcan Materials Company的营收复合增速更高（11.2% vs 9.8%）
Digital Realty是一家全球知名的不动产投资信托企业，核心业务涵盖全球各地运营商中立数据中心的持有、运营与投资，可为客户提供数据中心部署、主机托管、网络互联等多元专业服务，能够满足不同企业对算力基础设施、数据存储及网络连接的多样化需求。
Vulcan Materials Company是总部位于美国阿拉巴马州伯明翰的企业，主营建筑材料的生产、配送及销售，是美国最大的砂石、碎石、砂类建材生产商，拥有400多处运营网点，雇员约1.2万人，业务覆盖美国22个州、华盛顿特区及墨西哥、加拿大、巴哈马、美属维尔京群岛。
DLR vs VMC — 直观对比
营收规模更大
VMC
是对方的1.2倍
$1.6B
营收增速更快
DLR
高出13.0%
3.2%
净利率更高
VMC
高出7.1%
6.0%
两年增速更快
VMC
近两年复合增速
9.8%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.9B |
| 净利润 | $98.6M | $252.0M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 6.9% | 19.8% |
| 净利率 | 6.0% | 13.2% |
| 营收同比 | 16.1% | 3.2% |
| 净利润同比 | -10.3% | -14.2% |
| 每股收益（稀释后） | $0.22 | $1.90 |
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DLRVMC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $1.9B | ||
| Q3 25 | $1.6B | $2.3B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.4B | $1.9B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B |
净利润DLRVMC
| Q1 26 | $98.6M | — | ||
| Q4 25 | $98.6M | $252.0M | ||
| Q3 25 | $67.8M | $374.9M | ||
| Q2 25 | $1.0B | $320.9M | ||
| Q1 25 | $110.0M | $128.9M | ||
| Q4 24 | $189.6M | $293.6M | ||
| Q3 24 | $51.2M | $207.6M | ||
| Q2 24 | $80.2M | $308.0M |
毛利率DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 29.7% | ||
| Q1 25 | — | 22.3% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.2% | ||
| Q2 24 | — | 29.4% |
营业利润率DLRVMC
| Q1 26 | 6.9% | — | ||
| Q4 25 | 6.9% | 19.8% | ||
| Q3 25 | 8.8% | 23.7% | ||
| Q2 25 | 14.2% | 22.4% | ||
| Q1 25 | 13.9% | 13.9% | ||
| Q4 24 | 10.1% | 21.6% | ||
| Q3 24 | 11.8% | 16.8% | ||
| Q2 24 | 0.7% | 22.5% |
净利率DLRVMC
| Q1 26 | 6.0% | — | ||
| Q4 25 | 6.0% | 13.2% | ||
| Q3 25 | 4.3% | 16.4% | ||
| Q2 25 | 69.1% | 15.3% | ||
| Q1 25 | 7.8% | 7.9% | ||
| Q4 24 | 13.2% | 15.8% | ||
| Q3 24 | 3.6% | 10.4% | ||
| Q2 24 | 5.9% | 15.3% |
每股收益（稀释后）DLRVMC
| Q1 26 | $0.22 | — | ||
| Q4 25 | $0.22 | $1.90 | ||
| Q3 25 | $0.15 | $2.82 | ||
| Q2 25 | $2.94 | $2.42 | ||
| Q1 25 | $0.27 | $0.97 | ||
| Q4 24 | $0.50 | $2.21 | ||
| Q3 24 | $0.09 | $1.56 | ||
| Q2 24 | $0.20 | $2.31 |
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 | $3.5B | $183.3M |
| 总债务越低越好 | — | $4.4B |
| 股东权益账面价值 | $22.9B | $8.5B |
| 总资产 | $49.4B | $16.7B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DLRVMC
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.5B | $183.3M | ||
| Q3 25 | $3.3B | $191.3M | ||
| Q2 25 | $3.6B | $347.4M | ||
| Q1 25 | $2.3B | $181.3M | ||
| Q4 24 | $3.9B | $559.7M | ||
| Q3 24 | $2.2B | $433.2M | ||
| Q2 24 | $2.3B | $111.0M |
总债务DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | — | $4.4B | ||
| Q3 25 | — | $4.4B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.9B | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | $3.3B | ||
| Q2 24 | — | $3.3B |
股东权益DLRVMC
| Q1 26 | $22.9B | — | ||
| Q4 25 | $22.9B | $8.5B | ||
| Q3 25 | $23.0B | $8.7B | ||
| Q2 25 | $22.9B | $8.4B | ||
| Q1 25 | $21.3B | $8.1B | ||
| Q4 24 | $21.3B | $8.1B | ||
| Q3 24 | $21.2B | $7.9B | ||
| Q2 24 | $20.5B | $7.7B |
总资产DLRVMC
| Q1 26 | $49.4B | — | ||
| Q4 25 | $49.4B | $16.7B | ||
| Q3 25 | $48.7B | $17.0B | ||
| Q2 25 | $48.7B | $17.0B | ||
| Q1 25 | $45.1B | $16.7B | ||
| Q4 24 | $45.3B | $17.1B | ||
| Q3 24 | $45.3B | $14.4B | ||
| Q2 24 | $43.6B | $14.2B |
负债/权益比DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.43× |
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 | — | $543.0M |
| 自由现金流经营现金流 - 资本支出 | — | $358.2M |
| 自由现金流率自由现金流/营收 | — | 18.7% |
| 资本支出强度资本支出/营收 | — | 9.7% |
| 现金转化率经营现金流/净利润 | — | 2.15× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | $719.0M | $543.0M | ||
| Q3 25 | $652.9M | $676.8M | ||
| Q2 25 | $641.2M | $341.7M | ||
| Q1 25 | $399.1M | $251.5M | ||
| Q4 24 | $769.5M | $440.1M | ||
| Q3 24 | $566.5M | $595.0M | ||
| Q2 24 | $573.2M | $201.1M |
自由现金流DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | — | $358.2M | ||
| Q3 25 | — | $454.8M | ||
| Q2 25 | — | $238.8M | ||
| Q1 25 | — | $83.5M | ||
| Q4 24 | — | $277.6M | ||
| Q3 24 | — | $498.2M | ||
| Q2 24 | — | $9.7M |
自由现金流率DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 18.7% | ||
| Q3 25 | — | 19.8% | ||
| Q2 25 | — | 11.4% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | — | 24.9% | ||
| Q2 24 | — | 0.5% |
资本支出强度DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 4.9% | ||
| Q1 25 | — | 10.3% | ||
| Q4 24 | — | 8.8% | ||
| Q3 24 | — | 4.8% | ||
| Q2 24 | — | 9.5% |
现金转化率DLRVMC
| Q1 26 | — | — | ||
| Q4 25 | 7.29× | 2.15× | ||
| Q3 25 | 9.63× | 1.81× | ||
| Q2 25 | 0.62× | 1.06× | ||
| Q1 25 | 3.63× | 1.95× | ||
| Q4 24 | 4.06× | 1.50× | ||
| Q3 24 | 11.07× | 2.87× | ||
| Q2 24 | 7.15× | 0.65× |
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
DLR
暂无分部数据
VMC
| Revenue Excluding Freight Delivery | $1.7B | 87% |
| Concrete | $79.6M | 4% |
| Services | $76.3M | 4% |
| Asphalt | $59.9M | 3% |
