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西蒙地产集团（ELS）与LAMAR ADVERTISING CO（LAMR）财务数据对比。点击上方公司名可切换其他公司
LAMAR ADVERTISING CO的季度营收约是西蒙地产集团的1.5倍（$595.9M vs $397.6M）。西蒙地产集团同比增速更快（6.3% vs 2.8%）。过去两年LAMAR ADVERTISING CO的营收复合增速更高（9.4% vs 2.3%）
西蒙地产集团是美国头部房地产投资信托企业，投资范围涵盖购物中心、奥特莱斯及社区生活中心等商业地产业态，是美国规模最大的购物中心持有方，总部位于印第安纳州印第安纳波利斯，截至2024年12月末共持有232处物业权益。
拉马尔广告是一家知名户外广告服务商，1902年由查尔斯·W·拉马尔与J.M.科伊创立，总部位于美国路易斯安那州巴吞鲁日。公司业务覆盖美国与加拿大，在两地设有超200个运营网点，旗下在美国境内拥有超过36.3万个广告展示位，涵盖广告牌、标识标牌、公共交通展示载体等品类，2014年转型为房地产投资信托。
ELS vs LAMR — 直观对比
营收规模更大
LAMR
是对方的1.5倍
$397.6M
营收增速更快
ELS
高出3.5%
2.8%
两年增速更快
LAMR
近两年复合增速
2.3%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $397.6M | $595.9M |
| 净利润 | — | $152.3M |
| 毛利率 | — | 67.7% |
| 营业利润率 | — | 32.9% |
| 净利率 | — | 25.6% |
| 营收同比 | 6.3% | 2.8% |
| 净利润同比 | — | 12801.3% |
| 每股收益（稀释后） | $0.56 | $1.50 |
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ELSLAMR
| Q1 26 | $397.6M | — | ||
| Q4 25 | $373.9M | $595.9M | ||
| Q3 25 | $393.3M | $585.5M | ||
| Q2 25 | $376.9M | $579.3M | ||
| Q1 25 | $387.3M | $505.4M | ||
| Q4 24 | $372.3M | $579.6M | ||
| Q3 24 | $387.3M | $564.1M | ||
| Q2 24 | $380.0M | $565.3M |
净利润ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | $103.8M | $152.3M | ||
| Q3 25 | $100.4M | $141.8M | ||
| Q2 25 | $83.5M | $154.4M | ||
| Q1 25 | $114.4M | $138.8M | ||
| Q4 24 | $100.6M | $-1.2M | ||
| Q3 24 | $86.9M | $147.5M | ||
| Q2 24 | $82.1M | $137.4M |
毛利率ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | — | 67.7% | ||
| Q3 25 | — | 67.9% | ||
| Q2 25 | — | 67.8% | ||
| Q1 25 | — | 64.4% | ||
| Q4 24 | — | 67.8% | ||
| Q3 24 | — | 67.6% | ||
| Q2 24 | — | 67.6% |
营业利润率ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | 26.5% | 32.9% | ||
| Q3 25 | 25.1% | 32.3% | ||
| Q2 25 | 22.3% | 34.1% | ||
| Q1 25 | 28.3% | 37.8% | ||
| Q4 24 | 27.3% | 6.3% | ||
| Q3 24 | 21.4% | 33.1% | ||
| Q2 24 | 21.5% | 32.6% |
净利率ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | 27.8% | 25.6% | ||
| Q3 25 | 25.5% | 24.2% | ||
| Q2 25 | 22.2% | 26.6% | ||
| Q1 25 | 29.5% | 27.5% | ||
| Q4 24 | 27.0% | -0.2% | ||
| Q3 24 | 22.4% | 26.1% | ||
| Q2 24 | 21.6% | 24.3% |
每股收益（稀释后）ELSLAMR
| Q1 26 | $0.56 | — | ||
| Q4 25 | $0.52 | $1.50 | ||
| Q3 25 | $0.50 | $1.40 | ||
| Q2 25 | $0.42 | $1.52 | ||
| Q1 25 | $0.57 | $1.35 | ||
| Q4 24 | $0.51 | $-0.02 | ||
| Q3 24 | $0.44 | $1.44 | ||
| Q2 24 | $0.42 | $1.34 |
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 | — | $64.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.8B | $1.0B |
| 总资产 | $5.7M | $6.9B |
| 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ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | — | $64.8M | ||
| Q3 25 | — | $22.0M | ||
| Q2 25 | — | $55.7M | ||
| Q1 25 | — | $36.1M | ||
| Q4 24 | — | $49.5M | ||
| Q3 24 | — | $29.5M | ||
| Q2 24 | — | $77.9M |
总债务ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益ELSLAMR
| Q1 26 | $1.8B | — | ||
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.7B | $906.9M | ||
| Q1 25 | $1.7B | $1.0B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B |
总资产ELSLAMR
| Q1 26 | $5.7M | — | ||
| Q4 25 | $5.7B | $6.9B | ||
| Q3 25 | $5.7B | $6.8B | ||
| Q2 25 | $5.7B | $6.7B | ||
| Q1 25 | $5.6B | $6.5B | ||
| Q4 24 | $5.6B | $6.6B | ||
| Q3 24 | $5.6B | $6.5B | ||
| Q2 24 | $5.6B | $6.6B |
负债/权益比ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | 1.91× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.84× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $271.2M |
| 自由现金流经营现金流 - 资本支出 | — | $208.3M |
| 自由现金流率自由现金流/营收 | — | 35.0% |
| 资本支出强度资本支出/营收 | — | 10.5% |
| 现金转化率经营现金流/净利润 | — | 1.78× |
| 过去12个月自由现金流最近4个季度 | — | $683.2M |
8季度趋势，按日历期对齐
经营现金流ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | $99.5M | $271.2M | ||
| Q3 25 | $147.0M | $235.7M | ||
| Q2 25 | $131.3M | $229.5M | ||
| Q1 25 | $193.4M | $127.7M | ||
| Q4 24 | $105.3M | $279.3M | ||
| Q3 24 | $149.5M | $227.4M | ||
| Q2 24 | $143.1M | $256.3M |
自由现金流ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | $38.3M | $208.3M | ||
| Q3 25 | $75.7M | $185.8M | ||
| Q2 25 | $71.8M | $191.3M | ||
| Q1 25 | $148.2M | $97.9M | ||
| Q4 24 | $39.7M | $236.3M | ||
| Q3 24 | $91.1M | $197.3M | ||
| Q2 24 | $80.6M | $233.7M |
自由现金流率ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | 10.2% | 35.0% | ||
| Q3 25 | 19.3% | 31.7% | ||
| Q2 25 | 19.1% | 33.0% | ||
| Q1 25 | 38.3% | 19.4% | ||
| Q4 24 | 10.7% | 40.8% | ||
| Q3 24 | 23.5% | 35.0% | ||
| Q2 24 | 21.2% | 41.3% |
资本支出强度ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | 16.4% | 10.5% | ||
| Q3 25 | 18.1% | 8.5% | ||
| Q2 25 | 15.8% | 6.6% | ||
| Q1 25 | 11.7% | 5.9% | ||
| Q4 24 | 17.6% | 7.4% | ||
| Q3 24 | 15.1% | 5.3% | ||
| Q2 24 | 16.5% | 4.0% |
现金转化率ELSLAMR
| Q1 26 | — | — | ||
| Q4 25 | 0.96× | 1.78× | ||
| Q3 25 | 1.46× | 1.66× | ||
| Q2 25 | 1.57× | 1.49× | ||
| Q1 25 | 1.69× | 0.92× | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.72× | 1.54× | ||
| Q2 24 | 1.74× | 1.87× |
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
ELS
| Rental income | $339.0M | 85% |
| Other | $37.2M | 9% |
| Annual membership subscriptions | $18.3M | 5% |
| Membership upgrade revenue | $3.1M | 1% |
LAMR
| Reportable Segment Aggregation Before Other Operating Segment | $531.9M | 89% |
| Transit Advertising | $42.0M | 7% |
| Logo Advertising | $22.1M | 4% |
