vs
Iron Mountain（IRM）与西蒙地产集团（SPG）财务数据对比。点击上方公司名可切换其他公司
Iron Mountain的季度营收约是西蒙地产集团的1.0倍（$1.8B vs $1.8B），西蒙地产集团净利率更高（197.6% vs 5.1%，领先192.5%），Iron Mountain同比增速更快（16.6% vs 13.2%），西蒙地产集团自由现金流更多（$948.8M vs $-16.2M），过去两年Iron Mountain的营收复合增速更高（11.7% vs 11.4%）
Iron Mountain是1951年成立的美国企业信息管理服务提供商，总部位于新罕布什尔州朴茨茅斯。核心业务涵盖档案管理、信息销毁、数据备份与恢复，服务覆盖全球六大洲58个国家，为超过22万客户提供专业解决方案。
西蒙地产集团是美国头部房地产投资信托企业，核心投资范畴涵盖购物中心、奥特莱斯、社区及生活方式中心，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处物业的相关权益。
IRM vs SPG — 直观对比
营收规模更大
IRM
是对方的1.0倍
$1.8B
营收增速更快
IRM
高出3.3%
13.2%
净利率更高
SPG
高出192.5%
5.1%
自由现金流更多
SPG
多$965.1M
$-16.2M
两年增速更快
IRM
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.8B |
| 净利润 | $93.1M | $3.5B |
| 毛利率 | — | — |
| 营业利润率 | 18.5% | 49.7% |
| 净利率 | 5.1% | 197.6% |
| 营收同比 | 16.6% | 13.2% |
| 净利润同比 | -11.9% | 358.7% |
| 每股收益（稀释后） | $0.31 | $9.34 |
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IRMSPG
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.5B | ||
| Q4 24 | $1.6B | $1.6B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.5B | ||
| Q1 24 | $1.5B | $1.4B |
净利润IRMSPG
| Q4 25 | $93.1M | $3.5B | ||
| Q3 25 | $86.2M | $702.7M | ||
| Q2 25 | $-43.3M | $643.7M | ||
| Q1 25 | $16.2M | $477.9M | ||
| Q4 24 | $105.7M | $771.8M | ||
| Q3 24 | $-33.7M | $546.7M | ||
| Q2 24 | $34.6M | $569.4M | ||
| Q1 24 | $77.0M | $841.2M |
营业利润率IRMSPG
| Q4 25 | 18.5% | 49.7% | ||
| Q3 25 | 17.6% | 50.8% | ||
| Q2 25 | 15.2% | 49.7% | ||
| Q1 25 | 16.0% | 49.4% | ||
| Q4 24 | 17.9% | 52.8% | ||
| Q3 24 | 16.1% | 51.9% | ||
| Q2 24 | 15.0% | 51.7% | ||
| Q1 24 | 16.6% | 51.0% |
净利率IRMSPG
| Q4 25 | 5.1% | 197.6% | ||
| Q3 25 | 4.9% | 43.9% | ||
| Q2 25 | -2.5% | 43.0% | ||
| Q1 25 | 1.0% | 32.4% | ||
| Q4 24 | 6.7% | 48.8% | ||
| Q3 24 | -2.2% | 36.9% | ||
| Q2 24 | 2.3% | 39.0% | ||
| Q1 24 | 5.2% | 58.3% |
每股收益（稀释后）IRMSPG
| Q4 25 | $0.31 | $9.34 | ||
| Q3 25 | $0.28 | $1.86 | ||
| Q2 25 | $-0.15 | $1.70 | ||
| Q1 25 | $0.05 | $1.27 | ||
| Q4 24 | $0.35 | $2.04 | ||
| Q3 24 | $-0.11 | $1.46 | ||
| Q2 24 | $0.12 | $1.51 | ||
| Q1 24 | $0.25 | $2.25 |
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 | $158.5M | $823.1M |
| 总债务越低越好 | $16.2B | $28.4B |
| 股东权益账面价值 | $-981.0M | $5.2B |
| 总资产 | $21.1B | $40.6B |
| 负债/权益比越低杠杆越低 | — | 5.46× |
8季度趋势，按日历期对齐
现金及短期投资IRMSPG
| Q4 25 | $158.5M | $823.1M | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $155.7M | $1.4B | ||
| Q3 24 | — | $2.5B | ||
| Q2 24 | — | $2.5B | ||
| Q1 24 | — | $2.6B |
总债务IRMSPG
| Q4 25 | $16.2B | $28.4B | ||
| Q3 25 | $15.5B | $25.8B | ||
| Q2 25 | $14.8B | $25.4B | ||
| Q1 25 | $14.2B | $24.8B | ||
| Q4 24 | $13.0B | $24.3B | ||
| Q3 24 | $13.2B | $25.4B | ||
| Q2 24 | $12.8B | $25.3B | ||
| Q1 24 | $12.6B | $25.5B |
股东权益IRMSPG
| Q4 25 | $-981.0M | $5.2B | ||
| Q3 25 | $-882.0M | $2.3B | ||
| Q2 25 | $-767.4M | $2.5B | ||
| Q1 25 | $-698.5M | $2.6B | ||
| Q4 24 | $-503.1M | $2.9B | ||
| Q3 24 | $-259.0M | $2.7B | ||
| Q2 24 | $-132.9M | $2.9B | ||
| Q1 24 | $18.5M | $3.1B |
总资产IRMSPG
| Q4 25 | $21.1B | $40.6B | ||
| Q3 25 | $20.6B | $33.6B | ||
| Q2 25 | $20.2B | $33.3B | ||
| Q1 25 | $19.4B | $32.5B | ||
| Q4 24 | $18.7B | $32.4B | ||
| Q3 24 | $18.5B | $33.3B | ||
| Q2 24 | $18.0B | $33.4B | ||
| Q1 24 | $17.8B | $33.7B |
负债/权益比IRMSPG
| Q4 25 | — | 5.46× | ||
| Q3 25 | — | 10.98× | ||
| Q2 25 | — | 10.36× | ||
| Q1 25 | — | 9.50× | ||
| Q4 24 | — | 8.25× | ||
| Q3 24 | — | 9.37× | ||
| Q2 24 | — | 8.59× | ||
| Q1 24 | 679.18× | 8.22× |
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 | $500.0M | $1.2B |
| 自由现金流经营现金流 - 资本支出 | $-16.2M | $948.8M |
| 自由现金流率自由现金流/营收 | -0.9% | 53.0% |
| 资本支出强度资本支出/营收 | 28.0% | 14.2% |
| 现金转化率经营现金流/净利润 | 5.37× | 0.34× |
| 过去12个月自由现金流最近4个季度 | $-931.6M | $3.2B |
8季度趋势，按日历期对齐
经营现金流IRMSPG
| Q4 25 | $500.0M | $1.2B | ||
| Q3 25 | $267.6M | $890.3M | ||
| Q2 25 | $375.1M | $1.2B | ||
| Q1 25 | $197.3M | $827.2M | ||
| Q4 24 | $431.6M | $1.1B | ||
| Q3 24 | $252.9M | $892.9M | ||
| Q2 24 | $382.2M | $1.1B | ||
| Q1 24 | $130.0M | $773.1M |
自由现金流IRMSPG
| Q4 25 | $-16.2M | $948.8M | ||
| Q3 25 | $-256.3M | $685.0M | ||
| Q2 25 | $-181.6M | $971.3M | ||
| Q1 25 | $-477.5M | $597.0M | ||
| Q4 24 | $-186.0M | $867.7M | ||
| Q3 24 | $-143.2M | $706.5M | ||
| Q2 24 | $-14.6M | $874.8M | ||
| Q1 24 | $-251.1M | $610.1M |
自由现金流率IRMSPG
| Q4 25 | -0.9% | 53.0% | ||
| Q3 25 | -14.6% | 42.8% | ||
| Q2 25 | -10.6% | 64.8% | ||
| Q1 25 | -30.0% | 40.5% | ||
| Q4 24 | -11.8% | 54.8% | ||
| Q3 24 | -9.2% | 47.7% | ||
| Q2 24 | -1.0% | 60.0% | ||
| Q1 24 | -17.0% | 42.3% |
资本支出强度IRMSPG
| Q4 25 | 28.0% | 14.2% | ||
| Q3 25 | 29.9% | 12.8% | ||
| Q2 25 | 32.5% | 16.3% | ||
| Q1 25 | 42.4% | 15.6% | ||
| Q4 24 | 39.1% | 13.8% | ||
| Q3 24 | 25.4% | 12.6% | ||
| Q2 24 | 25.9% | 12.9% | ||
| Q1 24 | 25.8% | 11.3% |
现金转化率IRMSPG
| Q4 25 | 5.37× | 0.34× | ||
| Q3 25 | 3.10× | 1.27× | ||
| Q2 25 | — | 1.89× | ||
| Q1 25 | 12.15× | 1.73× | ||
| Q4 24 | 4.08× | 1.41× | ||
| Q3 24 | — | 1.63× | ||
| Q2 24 | 11.04× | 1.87× | ||
| Q1 24 | 1.69× | 0.92× |
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
IRM
| Storage Rental | $1.1B | 58% |
| Services | $781.9M | 42% |
SPG
| Real Estate Segment | $1.7B | 95% |
| Other | $86.3M | 5% |
