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LAMAR ADVERTISING CO（LAMR）与W. P. Carey Inc.（WPC）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W. P. Carey Inc.的1.3倍（$595.9M vs $444.5M）。W. P. Carey Inc.净利率更高（33.4% vs 25.6%，领先7.8%）。W. P. Carey Inc.同比增速更快（9.4% vs 2.8%）。过去两年LAMAR ADVERTISING CO的营收复合增速更高（9.4% vs 6.8%）
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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
LAMR vs WPC — 直观对比
营收规模更大
LAMR
是对方的1.3倍
$444.5M
营收增速更快
WPC
高出6.6%
2.8%
净利率更高
WPC
高出7.8%
25.6%
两年增速更快
LAMR
近两年复合增速
6.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $595.9M | $444.5M |
| 净利润 | $152.3M | $148.3M |
| 毛利率 | 67.7% | — |
| 营业利润率 | 32.9% | 34.5% |
| 净利率 | 25.6% | 33.4% |
| 营收同比 | 2.8% | 9.4% |
| 净利润同比 | 12801.3% | 215.4% |
| 每股收益（稀释后） | $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LAMRWPC
| Q4 25 | $595.9M | $444.5M | ||
| Q3 25 | $585.5M | $431.3M | ||
| Q2 25 | $579.3M | $430.8M | ||
| Q1 25 | $505.4M | $409.9M | ||
| Q4 24 | $579.6M | $406.2M | ||
| Q3 24 | $564.1M | $397.4M | ||
| Q2 24 | $565.3M | $389.7M | ||
| Q1 24 | $498.1M | $389.8M |
净利润LAMRWPC
| Q4 25 | $152.3M | $148.3M | ||
| Q3 25 | $141.8M | $141.0M | ||
| Q2 25 | $154.4M | $51.2M | ||
| Q1 25 | $138.8M | $125.8M | ||
| Q4 24 | $-1.2M | $47.0M | ||
| Q3 24 | $147.5M | $111.7M | ||
| Q2 24 | $137.4M | $142.9M | ||
| Q1 24 | $78.2M | $159.2M |
毛利率LAMRWPC
| 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% | — | ||
| Q1 24 | 64.7% | — |
营业利润率LAMRWPC
| Q4 25 | 32.9% | 34.5% | ||
| Q3 25 | 32.3% | 34.7% | ||
| Q2 25 | 34.1% | 15.0% | ||
| Q1 25 | 37.8% | 33.5% | ||
| Q4 24 | 6.3% | 13.5% | ||
| Q3 24 | 33.1% | 30.4% | ||
| Q2 24 | 32.6% | 38.3% | ||
| Q1 24 | 25.0% | 43.0% |
净利率LAMRWPC
| Q4 25 | 25.6% | 33.4% | ||
| Q3 25 | 24.2% | 32.7% | ||
| Q2 25 | 26.6% | 11.9% | ||
| Q1 25 | 27.5% | 30.7% | ||
| Q4 24 | -0.2% | 11.6% | ||
| Q3 24 | 26.1% | 28.1% | ||
| Q2 24 | 24.3% | 36.7% | ||
| Q1 24 | 15.7% | 40.8% |
每股收益（稀释后）LAMRWPC
| Q4 25 | $1.50 | — | ||
| Q3 25 | $1.40 | — | ||
| Q2 25 | $1.52 | — | ||
| Q1 25 | $1.35 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $1.44 | — | ||
| Q2 24 | $1.34 | — | ||
| Q1 24 | $0.76 | — |
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 | $155.3M |
| 总债务越低越好 | — | $8.7B |
| 股东权益账面价值 | $1.0B | $8.1B |
| 总资产 | $6.9B | $18.0B |
| 负债/权益比越低杠杆越低 | — | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资LAMRWPC
| Q4 25 | $64.8M | $155.3M | ||
| Q3 25 | $22.0M | $249.0M | ||
| Q2 25 | $55.7M | $244.8M | ||
| Q1 25 | $36.1M | $187.8M | ||
| Q4 24 | $49.5M | $640.4M | ||
| Q3 24 | $29.5M | $818.2M | ||
| Q2 24 | $77.9M | $1.1B | ||
| Q1 24 | $36.4M | $777.0M |
总债务LAMRWPC
| Q4 25 | — | $8.7B | ||
| Q3 25 | — | $8.7B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | — | $7.9B | ||
| Q4 24 | — | $8.0B | ||
| Q3 24 | — | $8.0B | ||
| Q2 24 | — | $8.1B | ||
| Q1 24 | — | $7.9B |
股东权益LAMRWPC
| Q4 25 | $1.0B | $8.1B | ||
| Q3 25 | $1.0B | $8.2B | ||
| Q2 25 | $906.9M | $8.2B | ||
| Q1 25 | $1.0B | $8.4B | ||
| Q4 24 | $1.0B | $8.4B | ||
| Q3 24 | $1.2B | $8.6B | ||
| Q2 24 | $1.2B | $8.6B | ||
| Q1 24 | $1.2B | $8.7B |
总资产LAMRWPC
| Q4 25 | $6.9B | $18.0B | ||
| Q3 25 | $6.8B | $18.0B | ||
| Q2 25 | $6.7B | $18.0B | ||
| Q1 25 | $6.5B | $17.3B | ||
| Q4 24 | $6.6B | $17.5B | ||
| Q3 24 | $6.5B | $17.6B | ||
| Q2 24 | $6.6B | $17.8B | ||
| Q1 24 | $6.5B | $17.6B |
负债/权益比LAMRWPC
| Q4 25 | — | 1.07× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.94× | ||
| Q4 24 | — | 0.95× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.94× | ||
| Q1 24 | — | 0.91× |
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 | $304.6M |
| 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× | 2.05× |
| 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LAMRWPC
| Q4 25 | $271.2M | $304.6M | ||
| Q3 25 | $235.7M | $300.5M | ||
| Q2 25 | $229.5M | $404.0M | ||
| Q1 25 | $127.7M | $273.2M | ||
| Q4 24 | $279.3M | $296.3M | ||
| Q3 24 | $227.4M | $280.2M | ||
| Q2 24 | $256.3M | $221.0M | ||
| Q1 24 | $110.6M | $1.0B |
自由现金流LAMRWPC
| Q4 25 | $208.3M | — | ||
| Q3 25 | $185.8M | — | ||
| Q2 25 | $191.3M | — | ||
| Q1 25 | $97.9M | — | ||
| Q4 24 | $236.3M | — | ||
| Q3 24 | $197.3M | — | ||
| Q2 24 | $233.7M | — | ||
| Q1 24 | $81.1M | — |
自由现金流率LAMRWPC
| Q4 25 | 35.0% | — | ||
| Q3 25 | 31.7% | — | ||
| Q2 25 | 33.0% | — | ||
| Q1 25 | 19.4% | — | ||
| Q4 24 | 40.8% | — | ||
| Q3 24 | 35.0% | — | ||
| Q2 24 | 41.3% | — | ||
| Q1 24 | 16.3% | — |
资本支出强度LAMRWPC
| Q4 25 | 10.5% | — | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 6.6% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 4.0% | — | ||
| Q1 24 | 5.9% | — |
现金转化率LAMRWPC
| Q4 25 | 1.78× | 2.05× | ||
| Q3 25 | 1.66× | 2.13× | ||
| Q2 25 | 1.49× | 7.89× | ||
| Q1 25 | 0.92× | 2.17× | ||
| Q4 24 | — | 6.30× | ||
| Q3 24 | 1.54× | 2.51× | ||
| Q2 24 | 1.87× | 1.55× | ||
| Q1 24 | 1.41× | 6.50× |
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% |
WPC
暂无分部数据
