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Iron Mountain（IRM）与Ventas（VTR）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Ventas的1.1倍（$1.8B vs $1.7B），Iron Mountain净利率更高（5.1% vs 3.6%，领先1.5%），Ventas同比增速更快（22.0% vs 16.6%），过去两年Ventas的营收复合增速更高（17.5% vs 11.7%）
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。
Ventas是一家领先的医疗地产投资信托企业，旗下资产涵盖养老社区、医疗办公楼、生命科学研究设施及康复医疗中心等，主要在北美、英国地区运营，为医疗服务及生命科学机构提供专业物业解决方案。
IRM vs VTR — 直观对比
营收规模更大
IRM
是对方的1.1倍
$1.7B
营收增速更快
VTR
高出5.4%
16.6%
净利率更高
IRM
高出1.5%
3.6%
两年增速更快
VTR
近两年复合增速
11.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.7B |
| 净利润 | $93.1M | $59.0M |
| 毛利率 | — | — |
| 营业利润率 | 18.5% | — |
| 净利率 | 5.1% | 3.6% |
| 营收同比 | 16.6% | 22.0% |
| 净利润同比 | -11.9% | 19.0% |
| 每股收益（稀释后） | $0.31 | — |
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IRMVTR
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B |
净利润IRMVTR
| Q1 26 | — | $59.0M | ||
| Q4 25 | $93.1M | $73.0M | ||
| Q3 25 | $86.2M | $68.7M | ||
| Q2 25 | $-43.3M | $71.5M | ||
| Q1 25 | $16.2M | $48.4M | ||
| Q4 24 | $105.7M | $58.7M | ||
| Q3 24 | $-33.7M | $21.0M | ||
| Q2 24 | $34.6M | $21.2M |
营业利润率IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | 18.5% | 4.9% | ||
| Q3 25 | 17.6% | 3.0% | ||
| Q2 25 | 15.2% | 3.0% | ||
| Q1 25 | 16.0% | 3.0% | ||
| Q4 24 | 17.9% | -0.0% | ||
| Q3 24 | 16.1% | 1.5% | ||
| Q2 24 | 15.0% | -1.6% |
净利率IRMVTR
| Q1 26 | — | 3.6% | ||
| Q4 25 | 5.1% | 4.7% | ||
| Q3 25 | 4.9% | 4.6% | ||
| Q2 25 | -2.5% | 5.0% | ||
| Q1 25 | 1.0% | 3.6% | ||
| Q4 24 | 6.7% | 4.6% | ||
| Q3 24 | -2.2% | 1.7% | ||
| Q2 24 | 2.3% | 1.8% |
每股收益（稀释后）IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | $0.31 | $0.15 | ||
| Q3 25 | $0.28 | $0.14 | ||
| Q2 25 | $-0.15 | $0.15 | ||
| Q1 25 | $0.05 | $0.10 | ||
| Q4 24 | $0.35 | $0.13 | ||
| Q3 24 | $-0.11 | $0.05 | ||
| Q2 24 | $0.12 | $0.05 |
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 | $183.6M |
| 总债务越低越好 | $16.2B | — |
| 股东权益账面价值 | $-981.0M | $13.2B |
| 总资产 | $21.1B | $27.7B |
| 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IRMVTR
| Q1 26 | — | $183.6M | ||
| Q4 25 | $158.5M | $741.1M | ||
| Q3 25 | — | $188.6M | ||
| Q2 25 | — | $614.2M | ||
| Q1 25 | — | $182.3M | ||
| Q4 24 | $155.7M | $897.9M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $557.1M |
总债务IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | $16.2B | $13.0B | ||
| Q3 25 | $15.5B | — | ||
| Q2 25 | $14.8B | — | ||
| Q1 25 | $14.2B | — | ||
| Q4 24 | $13.0B | $13.5B | ||
| Q3 24 | $13.2B | — | ||
| Q2 24 | $12.8B | — |
股东权益IRMVTR
| Q1 26 | — | $13.2B | ||
| Q4 25 | $-981.0M | $12.5B | ||
| Q3 25 | $-882.0M | $12.4B | ||
| Q2 25 | $-767.4M | $11.5B | ||
| Q1 25 | $-698.5M | $11.5B | ||
| Q4 24 | $-503.1M | $10.8B | ||
| Q3 24 | $-259.0M | $9.8B | ||
| Q2 24 | $-132.9M | $9.6B |
总资产IRMVTR
| Q1 26 | — | $27.7B | ||
| Q4 25 | $21.1B | $27.6B | ||
| Q3 25 | $20.6B | $26.9B | ||
| Q2 25 | $20.2B | $26.5B | ||
| Q1 25 | $19.4B | $26.0B | ||
| Q4 24 | $18.7B | $26.2B | ||
| Q3 24 | $18.5B | $25.3B | ||
| Q2 24 | $18.0B | $24.5B |
负债/权益比IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.26× | ||
| 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 | $500.0M | — |
| 自由现金流经营现金流 - 资本支出 | $-16.2M | — |
| 自由现金流率自由现金流/营收 | -0.9% | — |
| 资本支出强度资本支出/营收 | 28.0% | — |
| 现金转化率经营现金流/净利润 | 5.37× | — |
| 过去12个月自由现金流最近4个季度 | $-931.6M | — |
8季度趋势，按日历期对齐
经营现金流IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | $500.0M | $471.7M | ||
| Q3 25 | $267.6M | $378.6M | ||
| Q2 25 | $375.1M | $475.3M | ||
| Q1 25 | $197.3M | $321.1M | ||
| Q4 24 | $431.6M | $373.6M | ||
| Q3 24 | $252.9M | $353.7M | ||
| Q2 24 | $382.2M | $335.9M |
自由现金流IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | $-16.2M | — | ||
| Q3 25 | $-256.3M | — | ||
| Q2 25 | $-181.6M | — | ||
| Q1 25 | $-477.5M | — | ||
| Q4 24 | $-186.0M | — | ||
| Q3 24 | $-143.2M | — | ||
| Q2 24 | $-14.6M | — |
自由现金流率IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | -0.9% | — | ||
| Q3 25 | -14.6% | — | ||
| Q2 25 | -10.6% | — | ||
| Q1 25 | -30.0% | — | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -9.2% | — | ||
| Q2 24 | -1.0% | — |
资本支出强度IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | — | ||
| Q3 25 | 29.9% | — | ||
| Q2 25 | 32.5% | — | ||
| Q1 25 | 42.4% | — | ||
| Q4 24 | 39.1% | — | ||
| Q3 24 | 25.4% | — | ||
| Q2 24 | 25.9% | — |
现金转化率IRMVTR
| Q1 26 | — | — | ||
| Q4 25 | 5.37× | 6.46× | ||
| Q3 25 | 3.10× | 5.51× | ||
| Q2 25 | — | 6.65× | ||
| Q1 25 | 12.15× | 6.64× | ||
| Q4 24 | 4.08× | 6.36× | ||
| Q3 24 | — | 16.84× | ||
| Q2 24 | 11.04× | 15.87× |
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
IRM
| Storage Rental | $1.1B | 58% |
| Services | $781.9M | 42% |
VTR
| Resident fees and services | $1.3B | 78% |
| Outpatient medical and research portfolio | $230.1M | 14% |
| Triple-net leased properties | $123.1M | 7% |
| Third-party capital management revenues | $4.4M | 0% |
