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SmartStop Self Storage REIT, Inc.（SMA）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
SmartStop Self Storage REIT, Inc.的季度营收约是TELOS CORP的1.7倍（$78.4M vs $46.8M），SmartStop Self Storage REIT, Inc.净利率更高（3.8% vs -34.9%，领先38.7%），TELOS CORP同比增速更快（77.4% vs 29.4%），过去两年TELOS CORP的营收复合增速更高（25.7% vs 17.3%）
SmartStop Self Storage REIT, Inc.是一家专注于持有、运营及收购优质自助仓储物业的房地产投资信托，业务覆盖美国多州与加拿大部分省份，为居民及商业客户提供安全灵活的个人物品、企业库存及季节性物品存储服务。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
SMA vs TLS — 直观对比
营收规模更大
SMA
是对方的1.7倍
$46.8M
营收增速更快
TLS
高出48.0%
29.4%
净利率更高
SMA
高出38.7%
-34.9%
两年增速更快
TLS
近两年复合增速
17.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $78.4M | $46.8M |
| 净利润 | $3.0M | $-16.3M |
| 毛利率 | 61.2% | 35.0% |
| 营业利润率 | 24.0% | -39.6% |
| 净利率 | 3.8% | -34.9% |
| 营收同比 | 29.4% | 77.4% |
| 净利润同比 | 2080.0% | -74.8% |
| 每股收益（稀释后） | — | $-0.22 |
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SMATLS
| Q4 25 | $78.4M | $46.8M | ||
| Q3 25 | $70.4M | $51.4M | ||
| Q2 25 | $66.8M | $36.0M | ||
| Q1 25 | $65.4M | $30.6M | ||
| Q4 24 | $60.6M | $26.4M | ||
| Q3 24 | $60.2M | $23.8M | ||
| Q2 24 | $59.2M | $28.5M | ||
| Q1 24 | $57.0M | $29.6M |
净利润SMATLS
| Q4 25 | $3.0M | $-16.3M | ||
| Q3 25 | $5.2M | $-2.1M | ||
| Q2 25 | $-4.8M | $-9.5M | ||
| Q1 25 | $-5.5M | $-8.6M | ||
| Q4 24 | $-150.0K | $-9.3M | ||
| Q3 24 | $-6.2M | $-28.1M | ||
| Q2 24 | $-705.0K | $-7.8M | ||
| Q1 24 | $-1.6M | $-7.4M |
毛利率SMATLS
| Q4 25 | 61.2% | 35.0% | ||
| Q3 25 | 60.9% | 39.9% | ||
| Q2 25 | 59.3% | 33.2% | ||
| Q1 25 | 64.1% | 39.8% | ||
| Q4 24 | 66.3% | 40.3% | ||
| Q3 24 | 64.8% | 13.2% | ||
| Q2 24 | 66.4% | 34.1% | ||
| Q1 24 | 65.1% | 37.0% |
营业利润率SMATLS
| Q4 25 | 24.0% | -39.6% | ||
| Q3 25 | 18.1% | -4.8% | ||
| Q2 25 | 15.4% | -27.5% | ||
| Q1 25 | 26.3% | -29.5% | ||
| Q4 24 | 29.4% | -37.6% | ||
| Q3 24 | 29.4% | -121.4% | ||
| Q2 24 | 29.9% | -30.3% | ||
| Q1 24 | 28.0% | -28.5% |
净利率SMATLS
| Q4 25 | 3.8% | -34.9% | ||
| Q3 25 | 7.4% | -4.1% | ||
| Q2 25 | -7.2% | -26.5% | ||
| Q1 25 | -8.3% | -28.1% | ||
| Q4 24 | -0.2% | -35.4% | ||
| Q3 24 | -10.3% | -118.0% | ||
| Q2 24 | -1.2% | -27.2% | ||
| Q1 24 | -2.9% | -24.9% |
每股收益（稀释后）SMATLS
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $0.09 | $-0.03 | ||
| Q2 25 | $-0.16 | $-0.13 | ||
| Q1 25 | $-0.35 | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.26 | $-0.39 | ||
| Q2 24 | $-0.16 | $-0.11 | ||
| Q1 24 | $-0.20 | $-0.10 |
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 | $54.2M | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $96.0M |
| 总资产 | $2.4B | $139.9M |
| 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SMATLS
| Q4 25 | $54.2M | $53.2M | ||
| Q3 25 | $47.8M | $59.0M | ||
| Q2 25 | $37.7M | $57.0M | ||
| Q1 25 | $35.2M | $57.8M | ||
| Q4 24 | $23.1M | $54.6M | ||
| Q3 24 | $36.7M | $69.8M | ||
| Q2 24 | $34.7M | $80.1M | ||
| Q1 24 | $39.2M | $93.9M |
股东权益SMATLS
| Q4 25 | $1.2B | $96.0M | ||
| Q3 25 | $1.2B | $119.7M | ||
| Q2 25 | $1.2B | $118.4M | ||
| Q1 25 | $303.0M | $126.1M | ||
| Q4 24 | $325.7M | $127.1M | ||
| Q3 24 | $343.9M | $129.5M | ||
| Q2 24 | $365.8M | $149.1M | ||
| Q1 24 | $384.8M | $154.4M |
总资产SMATLS
| Q4 25 | $2.4B | $139.9M | ||
| Q3 25 | $2.4B | $164.3M | ||
| Q2 25 | $2.3B | $165.0M | ||
| Q1 25 | $2.1B | $158.1M | ||
| Q4 24 | $2.0B | $158.2M | ||
| Q3 24 | $1.9B | $166.3M | ||
| Q2 24 | $1.9B | $182.4M | ||
| Q1 24 | $1.9B | $195.4M |
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 | $85.0M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | 28.61× | — |
| 过去12个月自由现金流最近4个季度 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流SMATLS
| Q4 25 | $85.0M | $8.0M | ||
| Q3 25 | $52.1M | $9.1M | ||
| Q2 25 | $8.0M | $7.0M | ||
| Q1 25 | $10.6M | $6.1M | ||
| Q4 24 | $64.0M | $-10.5M | ||
| Q3 24 | $21.7M | $-7.1M | ||
| Q2 24 | $17.3M | $-8.0M | ||
| Q1 24 | $14.4M | $-350.0K |
自由现金流SMATLS
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
自由现金流率SMATLS
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
资本支出强度SMATLS
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
现金转化率SMATLS
| Q4 25 | 28.61× | — | ||
| Q3 25 | 9.96× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
SMA
| Self Storage Rental Revenue | $62.0M | 79% |
| Other | $11.9M | 15% |
| Ancillary Operating Revenue | $2.9M | 4% |
| Asset Management1 | $1.7M | 2% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
