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Piedmont Realty Trust, Inc.（PDM）与SHENANDOAH TELECOMMUNICATIONS CO（SHEN）财务数据对比。点击上方公司名可切换其他公司
Piedmont Realty Trust, Inc.的季度营收约是SHENANDOAH TELECOMMUNICATIONS CO的1.6倍（$143.3M vs $91.6M），SHENANDOAH TELECOMMUNICATIONS CO净利率更高（-5.9% vs -31.4%，领先25.5%），SHENANDOAH TELECOMMUNICATIONS CO同比增速更快（7.2% vs 0.4%），过去两年SHENANDOAH TELECOMMUNICATIONS CO的营收复合增速更高（15.0% vs 0.0%）
Piedmont Realty Trust是一家公开上市的房地产投资信托（REIT），主要持有、运营和投资美国高增长大都会区的优质写字楼资产，服务科技、专业服务、医疗等多个行业的企业租户，通过战略资产管理和投资组合优化为利益相关方提供稳定长期回报。
谢南多厄电信是总部位于美国弗吉尼亚州的区域性电信服务商，面向美国中大西洋地区多州的居民及商业客户提供宽带互联网、无线通信、数字有线电视及光纤网络解决方案，重点服务乡村及城郊欠发达区域。
PDM vs SHEN — 直观对比
营收规模更大
PDM
是对方的1.6倍
$91.6M
营收增速更快
SHEN
高出6.8%
0.4%
净利率更高
SHEN
高出25.5%
-31.4%
两年增速更快
SHEN
近两年复合增速
0.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $143.3M | $91.6M |
| 净利润 | $-45.0M | $-5.4M |
| 毛利率 | — | — |
| 营业利润率 | — | -1.0% |
| 净利率 | -31.4% | -5.9% |
| 营收同比 | 0.4% | 7.2% |
| 净利润同比 | -27.9% | -95.8% |
| 每股收益（稀释后） | $-0.10 | $-0.13 |
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PDMSHEN
| Q1 26 | $143.3M | — | ||
| Q4 25 | $142.9M | $91.6M | ||
| Q3 25 | $139.2M | $89.8M | ||
| Q2 25 | $140.3M | $88.6M | ||
| Q1 25 | $142.7M | $87.9M | ||
| Q4 24 | $143.2M | $85.4M | ||
| Q3 24 | $139.3M | $87.6M | ||
| Q2 24 | $143.3M | $85.8M |
净利润PDMSHEN
| Q1 26 | $-45.0M | — | ||
| Q4 25 | $-43.2M | $-5.4M | ||
| Q3 25 | $-13.5M | $-9.4M | ||
| Q2 25 | $-16.8M | $-9.0M | ||
| Q1 25 | $-10.1M | $-9.1M | ||
| Q4 24 | $-30.0M | $-2.7M | ||
| Q3 24 | $-11.5M | $-5.3M | ||
| Q2 24 | $-9.8M | $-12.9M |
营业利润率PDMSHEN
| Q1 26 | — | — | ||
| Q4 25 | — | -1.0% | ||
| Q3 25 | — | -8.0% | ||
| Q2 25 | — | -10.3% | ||
| Q1 25 | — | -6.9% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -4.8% | ||
| Q2 24 | — | -18.5% |
净利率PDMSHEN
| Q1 26 | -31.4% | — | ||
| Q4 25 | -30.3% | -5.9% | ||
| Q3 25 | -9.7% | -10.5% | ||
| Q2 25 | -12.0% | -10.2% | ||
| Q1 25 | -7.1% | -10.4% | ||
| Q4 24 | -20.9% | -3.2% | ||
| Q3 24 | -8.3% | -6.0% | ||
| Q2 24 | -6.8% | -15.0% |
每股收益（稀释后）PDMSHEN
| Q1 26 | $-0.10 | — | ||
| Q4 25 | $-0.34 | $-0.13 | ||
| Q3 25 | $-0.11 | $-0.20 | ||
| Q2 25 | $-0.14 | $-0.19 | ||
| Q1 25 | $-0.08 | $-0.19 | ||
| Q4 24 | $-0.25 | $-0.34 | ||
| Q3 24 | $-0.09 | $-0.13 | ||
| Q2 24 | $-0.08 | $-0.24 |
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 | $2.3M | $27.3M |
| 总债务越低越好 | — | $642.4M |
| 股东权益账面价值 | $1.5B | $880.8M |
| 总资产 | $4.0B | $1.9B |
| 负债/权益比越低杠杆越低 | — | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资PDMSHEN
| Q1 26 | $2.3M | — | ||
| Q4 25 | $731.0K | $27.3M | ||
| Q3 25 | $3.0M | $22.6M | ||
| Q2 25 | $3.3M | $29.1M | ||
| Q1 25 | $2.9M | $87.5M | ||
| Q4 24 | $109.6M | $46.3M | ||
| Q3 24 | $133.6M | $43.1M | ||
| Q2 24 | $138.5M | $43.8M |
总债务PDMSHEN
| Q1 26 | — | — | ||
| Q4 25 | $2.2B | $642.4M | ||
| Q3 25 | $2.2B | $535.4M | ||
| Q2 25 | $2.2B | $513.1M | ||
| Q1 25 | $2.2B | $515.8M | ||
| Q4 24 | $2.2B | $418.0M | ||
| Q3 24 | $2.2B | $345.2M | ||
| Q2 24 | $2.2B | $297.4M |
股东权益PDMSHEN
| Q1 26 | $1.5B | — | ||
| Q4 25 | $1.5B | $880.8M | ||
| Q3 25 | $1.5B | $892.7M | ||
| Q2 25 | $1.5B | $902.0M | ||
| Q1 25 | $1.6B | $910.5M | ||
| Q4 24 | $1.6B | $918.6M | ||
| Q3 24 | $1.6B | $925.4M | ||
| Q2 24 | $1.7B | $933.1M |
总资产PDMSHEN
| Q1 26 | $4.0B | — | ||
| Q4 25 | $4.0B | $1.9B | ||
| Q3 25 | $4.0B | $1.9B | ||
| Q2 25 | $4.0B | $1.8B | ||
| Q1 25 | $4.0B | $1.8B | ||
| Q4 24 | $4.1B | $1.7B | ||
| Q3 24 | $4.1B | $1.7B | ||
| Q2 24 | $4.2B | $1.7B |
负债/权益比PDMSHEN
| Q1 26 | — | — | ||
| Q4 25 | 1.49× | 0.73× | ||
| Q3 25 | 1.43× | 0.60× | ||
| Q2 25 | 1.41× | 0.57× | ||
| Q1 25 | 1.40× | 0.57× | ||
| Q4 24 | 1.40× | 0.46× | ||
| Q3 24 | 1.36× | 0.37× | ||
| Q2 24 | 1.34× | 0.32× |
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 | — | $28.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-78.6M |
| 自由现金流率自由现金流/营收 | — | -85.8% |
| 资本支出强度资本支出/营收 | 110.3% | 117.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-257.9M |
8季度趋势，按日历期对齐
经营现金流PDMSHEN
| Q1 26 | — | — | ||
| Q4 25 | $140.6M | $28.8M | ||
| Q3 25 | $35.8M | $30.7M | ||
| Q2 25 | $50.1M | $20.9M | ||
| Q1 25 | $3.7M | $20.5M | ||
| Q4 24 | $198.1M | $20.6M | ||
| Q3 24 | $42.9M | $24.3M | ||
| Q2 24 | $66.8M | $2.5M |
自由现金流PDMSHEN
| Q1 26 | — | — | ||
| Q4 25 | — | $-78.6M | ||
| Q3 25 | — | $-51.4M | ||
| Q2 25 | — | $-65.3M | ||
| Q1 25 | — | $-62.7M | ||
| Q4 24 | — | $-72.0M | ||
| Q3 24 | — | $-51.3M | ||
| Q2 24 | — | $-78.3M |
自由现金流率PDMSHEN
| Q1 26 | — | — | ||
| Q4 25 | — | -85.8% | ||
| Q3 25 | — | -57.2% | ||
| Q2 25 | — | -73.7% | ||
| Q1 25 | — | -71.3% | ||
| Q4 24 | — | -84.3% | ||
| Q3 24 | — | -58.5% | ||
| Q2 24 | — | -91.3% |
资本支出强度PDMSHEN
| Q1 26 | 110.3% | — | ||
| Q4 25 | — | 117.2% | ||
| Q3 25 | — | 91.4% | ||
| Q2 25 | — | 97.3% | ||
| Q1 25 | — | 94.7% | ||
| Q4 24 | — | 108.4% | ||
| Q3 24 | — | 86.2% | ||
| Q2 24 | — | 94.2% |
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
PDM
暂无分部数据
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
