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LAMAR ADVERTISING CO（LAMR）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
泰瑞达的季度营收约是LAMAR ADVERTISING CO的1.8倍（$1.1B vs $595.9M），LAMAR ADVERTISING CO净利率更高（25.6% vs 23.7%，领先1.8%），泰瑞达同比增速更快（43.9% vs 2.8%），泰瑞达自由现金流更多（$218.8M vs $208.3M），过去两年泰瑞达的营收复合增速更高（34.4% vs 9.4%）
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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
LAMR vs TER — 直观对比
营收规模更大
TER
是对方的1.8倍
$595.9M
营收增速更快
TER
高出41.1%
2.8%
净利率更高
LAMR
高出1.8%
23.7%
自由现金流更多
TER
多$10.5M
$208.3M
两年增速更快
TER
近两年复合增速
9.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $595.9M | $1.1B |
| 净利润 | $152.3M | $257.2M |
| 毛利率 | 67.7% | 57.2% |
| 营业利润率 | 32.9% | 27.1% |
| 净利率 | 25.6% | 23.7% |
| 营收同比 | 2.8% | 43.9% |
| 净利润同比 | 12801.3% | 75.9% |
| 每股收益（稀释后） | $1.50 | $1.62 |
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LAMRTER
| Q4 25 | $595.9M | $1.1B | ||
| Q3 25 | $585.5M | $769.2M | ||
| Q2 25 | $579.3M | $651.8M | ||
| Q1 25 | $505.4M | $685.7M | ||
| Q4 24 | $579.6M | $752.9M | ||
| Q3 24 | $564.1M | $737.3M | ||
| Q2 24 | $565.3M | $729.9M | ||
| Q1 24 | $498.1M | $599.8M |
净利润LAMRTER
| Q4 25 | $152.3M | $257.2M | ||
| Q3 25 | $141.8M | $119.6M | ||
| Q2 25 | $154.4M | $78.4M | ||
| Q1 25 | $138.8M | $98.9M | ||
| Q4 24 | $-1.2M | $146.3M | ||
| Q3 24 | $147.5M | $145.6M | ||
| Q2 24 | $137.4M | $186.3M | ||
| Q1 24 | $78.2M | $64.2M |
毛利率LAMRTER
| Q4 25 | 67.7% | 57.2% | ||
| Q3 25 | 67.9% | 58.4% | ||
| Q2 25 | 67.8% | 57.2% | ||
| Q1 25 | 64.4% | 60.6% | ||
| Q4 24 | 67.8% | 59.4% | ||
| Q3 24 | 67.6% | 59.2% | ||
| Q2 24 | 67.6% | 58.3% | ||
| Q1 24 | 64.7% | 56.6% |
营业利润率LAMRTER
| Q4 25 | 32.9% | 27.1% | ||
| Q3 25 | 32.3% | 18.9% | ||
| Q2 25 | 34.1% | 13.9% | ||
| Q1 25 | 37.8% | 17.6% | ||
| Q4 24 | 6.3% | 20.4% | ||
| Q3 24 | 33.1% | 20.6% | ||
| Q2 24 | 32.6% | 28.8% | ||
| Q1 24 | 25.0% | 13.0% |
净利率LAMRTER
| Q4 25 | 25.6% | 23.7% | ||
| Q3 25 | 24.2% | 15.5% | ||
| Q2 25 | 26.6% | 12.0% | ||
| Q1 25 | 27.5% | 14.4% | ||
| Q4 24 | -0.2% | 19.4% | ||
| Q3 24 | 26.1% | 19.8% | ||
| Q2 24 | 24.3% | 25.5% | ||
| Q1 24 | 15.7% | 10.7% |
每股收益（稀释后）LAMRTER
| Q4 25 | $1.50 | $1.62 | ||
| Q3 25 | $1.40 | $0.75 | ||
| Q2 25 | $1.52 | $0.49 | ||
| Q1 25 | $1.35 | $0.61 | ||
| Q4 24 | $-0.02 | $0.89 | ||
| Q3 24 | $1.44 | $0.89 | ||
| Q2 24 | $1.34 | $1.14 | ||
| Q1 24 | $0.76 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $2.8B |
| 总资产 | $6.9B | $4.2B |
| 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LAMRTER
| Q4 25 | $64.8M | $293.8M | ||
| Q3 25 | $22.0M | $272.7M | ||
| Q2 25 | $55.7M | $339.3M | ||
| Q1 25 | $36.1M | $475.6M | ||
| Q4 24 | $49.5M | $553.4M | ||
| Q3 24 | $29.5M | $510.0M | ||
| Q2 24 | $77.9M | $421.9M | ||
| Q1 24 | $36.4M | $707.4M |
股东权益LAMRTER
| Q4 25 | $1.0B | $2.8B | ||
| Q3 25 | $1.0B | $2.7B | ||
| Q2 25 | $906.9M | $2.8B | ||
| Q1 25 | $1.0B | $2.8B | ||
| Q4 24 | $1.0B | $2.8B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.2B | $2.7B | ||
| Q1 24 | $1.2B | $2.6B |
总资产LAMRTER
| Q4 25 | $6.9B | $4.2B | ||
| Q3 25 | $6.8B | $4.0B | ||
| Q2 25 | $6.7B | $3.8B | ||
| Q1 25 | $6.5B | $3.7B | ||
| Q4 24 | $6.6B | $3.7B | ||
| Q3 24 | $6.5B | $3.8B | ||
| Q2 24 | $6.6B | $3.6B | ||
| Q1 24 | $6.5B | $3.4B |
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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $208.3M | $218.8M |
| 自由现金流率自由现金流/营收 | 35.0% | 20.2% |
| 资本支出强度资本支出/营收 | 10.5% | 5.8% |
| 现金转化率经营现金流/净利润 | 1.78× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $683.2M | $450.4M |
8季度趋势，按日历期对齐
经营现金流LAMRTER
| Q4 25 | $271.2M | $281.6M | ||
| Q3 25 | $235.7M | $49.0M | ||
| Q2 25 | $229.5M | $182.1M | ||
| Q1 25 | $127.7M | $161.6M | ||
| Q4 24 | $279.3M | $282.6M | ||
| Q3 24 | $227.4M | $166.3M | ||
| Q2 24 | $256.3M | $216.1M | ||
| Q1 24 | $110.6M | $7.3M |
自由现金流LAMRTER
| Q4 25 | $208.3M | $218.8M | ||
| Q3 25 | $185.8M | $2.4M | ||
| Q2 25 | $191.3M | $131.7M | ||
| Q1 25 | $97.9M | $97.6M | ||
| Q4 24 | $236.3M | $225.2M | ||
| Q3 24 | $197.3M | $114.4M | ||
| Q2 24 | $233.7M | $171.2M | ||
| Q1 24 | $81.1M | $-36.7M |
自由现金流率LAMRTER
| Q4 25 | 35.0% | 20.2% | ||
| Q3 25 | 31.7% | 0.3% | ||
| Q2 25 | 33.0% | 20.2% | ||
| Q1 25 | 19.4% | 14.2% | ||
| Q4 24 | 40.8% | 29.9% | ||
| Q3 24 | 35.0% | 15.5% | ||
| Q2 24 | 41.3% | 23.5% | ||
| Q1 24 | 16.3% | -6.1% |
资本支出强度LAMRTER
| Q4 25 | 10.5% | 5.8% | ||
| Q3 25 | 8.5% | 6.1% | ||
| Q2 25 | 6.6% | 7.7% | ||
| Q1 25 | 5.9% | 9.3% | ||
| Q4 24 | 7.4% | 7.6% | ||
| Q3 24 | 5.3% | 7.0% | ||
| Q2 24 | 4.0% | 6.1% | ||
| Q1 24 | 5.9% | 7.3% |
现金转化率LAMRTER
| Q4 25 | 1.78× | 1.09× | ||
| Q3 25 | 1.66× | 0.41× | ||
| Q2 25 | 1.49× | 2.32× | ||
| Q1 25 | 0.92× | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | 1.54× | 1.14× | ||
| Q2 24 | 1.87× | 1.16× | ||
| Q1 24 | 1.41× | 0.11× |
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
LAMR
| Reportable Segment Aggregation Before Other Operating Segment | $531.9M | 89% |
| Transit Advertising | $42.0M | 7% |
| Logo Advertising | $22.1M | 4% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
