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ADAMAS TRUST, INC.（ADAM）与American Homes 4 Rent（AMH）财务数据对比。点击上方公司名可切换其他公司
American Homes 4 Rent的季度营收约是ADAMAS TRUST, INC.的10.5倍（$455.0M vs $43.2M）。ADAMAS TRUST, INC.净利率更高（124.0% vs 31.7%，领先92.3%）。ADAMAS TRUST, INC.同比增速更快（61.6% vs 4.2%）。过去两年ADAMAS TRUST, INC.的营收复合增速更高（55.5% vs 3.6%）
AMH（American Homes 4 Rent）是总部位于美国内华达州拉斯维加斯的住宅房地产投资信托基金，主打单户住宅租赁业务。截至2019年12月31日，公司在全美22个州共持有52552套住宅，资产主要集中在亚特兰大、达拉斯-沃斯堡及北卡罗来纳州夏洛特地区。
ADAM vs AMH — 直观对比
营收规模更大
AMH
是对方的10.5倍
$43.2M
营收增速更快
ADAM
高出57.4%
4.2%
净利率更高
ADAM
高出92.3%
31.7%
两年增速更快
ADAM
近两年复合增速
3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $43.2M | $455.0M |
| 净利润 | $53.5M | $144.3M |
| 毛利率 | — | — |
| 营业利润率 | — | — |
| 净利率 | 124.0% | 31.7% |
| 营收同比 | 61.6% | 4.2% |
| 净利润同比 | 270.5% | 0.3% |
| 每股收益（稀释后） | $0.45 | $0.33 |
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ADAMAMH
| Q4 25 | $43.2M | $455.0M | ||
| Q3 25 | $36.6M | $478.5M | ||
| Q2 25 | $36.4M | $457.5M | ||
| Q1 25 | $33.1M | $459.3M | ||
| Q4 24 | $26.7M | $436.6M | ||
| Q3 24 | $20.2M | $445.1M | ||
| Q2 24 | $19.0M | $423.5M | ||
| Q1 24 | $17.9M | $423.6M |
净利润ADAMAMH
| Q4 25 | $53.5M | $144.3M | ||
| Q3 25 | $44.8M | $116.8M | ||
| Q2 25 | $8.5M | $123.6M | ||
| Q1 25 | $42.2M | $128.7M | ||
| Q4 24 | $-31.4M | $143.9M | ||
| Q3 24 | $42.8M | $87.6M | ||
| Q2 24 | $-15.6M | $108.5M | ||
| Q1 24 | $-57.9M | $128.1M |
营业利润率ADAMAMH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -119.0% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -124.7% | — | ||
| Q1 24 | -448.8% | — |
净利率ADAMAMH
| Q4 25 | 124.0% | 31.7% | ||
| Q3 25 | 122.5% | 24.4% | ||
| Q2 25 | 23.4% | 27.0% | ||
| Q1 25 | 127.4% | 28.0% | ||
| Q4 24 | -117.5% | 33.0% | ||
| Q3 24 | 211.7% | 19.7% | ||
| Q2 24 | -81.9% | 25.6% | ||
| Q1 24 | -324.1% | 30.2% |
每股收益（稀释后）ADAMAMH
| Q4 25 | $0.45 | $0.33 | ||
| Q3 25 | $0.36 | $0.27 | ||
| Q2 25 | $-0.04 | $0.28 | ||
| Q1 25 | $0.33 | $0.30 | ||
| Q4 24 | $-0.46 | $0.33 | ||
| Q3 24 | $0.36 | $0.20 | ||
| Q2 24 | $-0.29 | $0.25 | ||
| Q1 24 | $-0.75 | $0.30 |
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 | $210.3M | $108.5M |
| 总债务越低越好 | $735.8M | $5.1B |
| 股东权益账面价值 | $1.4B | $7.0B |
| 总资产 | $12.6B | $13.2B |
| 负债/权益比越低杠杆越低 | 0.52× | 0.72× |
8季度趋势，按日历期对齐
现金及短期投资ADAMAMH
| Q4 25 | $210.3M | $108.5M | ||
| Q3 25 | $185.3M | $45.6M | ||
| Q2 25 | $160.4M | $323.3M | ||
| Q1 25 | $177.1M | $69.7M | ||
| Q4 24 | $167.4M | $199.4M | ||
| Q3 24 | $195.1M | $162.5M | ||
| Q2 24 | $235.5M | $718.4M | ||
| Q1 24 | $226.9M | $124.8M |
总债务ADAMAMH
| Q4 25 | $735.8M | $5.1B | ||
| Q3 25 | $766.6M | $4.8B | ||
| Q2 25 | $653.0M | $5.2B | ||
| Q1 25 | $654.4M | $4.9B | ||
| Q4 24 | $573.2M | $5.0B | ||
| Q3 24 | $699.4M | $4.5B | ||
| Q2 24 | $800.7M | $5.0B | ||
| Q1 24 | $1.0B | $4.5B |
股东权益ADAMAMH
| Q4 25 | $1.4B | $7.0B | ||
| Q3 25 | $1.4B | $7.2B | ||
| Q2 25 | $1.4B | $7.2B | ||
| Q1 25 | $1.4B | $7.2B | ||
| Q4 24 | $1.4B | $7.2B | ||
| Q3 24 | $1.4B | $7.0B | ||
| Q2 24 | $1.4B | $7.0B | ||
| Q1 24 | $1.5B | $7.0B |
总资产ADAMAMH
| Q4 25 | $12.6B | $13.2B | ||
| Q3 25 | $12.4B | $13.3B | ||
| Q2 25 | $10.6B | $13.6B | ||
| Q1 25 | $10.0B | $13.3B | ||
| Q4 24 | $9.2B | $13.4B | ||
| Q3 24 | $8.9B | $12.8B | ||
| Q2 24 | $8.2B | $13.3B | ||
| Q1 24 | $7.4B | $12.8B |
负债/权益比ADAMAMH
| Q4 25 | 0.52× | 0.72× | ||
| Q3 25 | 0.55× | 0.68× | ||
| Q2 25 | 0.47× | 0.72× | ||
| Q1 25 | 0.47× | 0.69× | ||
| Q4 24 | 0.41× | 0.70× | ||
| Q3 24 | 0.48× | 0.64× | ||
| Q2 24 | 0.56× | 0.71× | ||
| Q1 24 | 0.67× | 0.64× |
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 | $62.1M | $145.8M |
| 自由现金流经营现金流 - 资本支出 | — | $135.5M |
| 自由现金流率自由现金流/营收 | — | 29.8% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | 1.16× | 1.01× |
| 过去12个月自由现金流最近4个季度 | — | $823.7M |
8季度趋势，按日历期对齐
经营现金流ADAMAMH
| Q4 25 | $62.1M | $145.8M | ||
| Q3 25 | $6.9M | $223.3M | ||
| Q2 25 | $39.2M | $271.9M | ||
| Q1 25 | $25.8M | $223.4M | ||
| Q4 24 | $29.1M | $102.2M | ||
| Q3 24 | $-922.0K | $233.6M | ||
| Q2 24 | $-993.0K | $274.0M | ||
| Q1 24 | $-13.1M | $201.8M |
自由现金流ADAMAMH
| Q4 25 | — | $135.5M | ||
| Q3 25 | — | $214.5M | ||
| Q2 25 | — | $257.7M | ||
| Q1 25 | — | $215.9M | ||
| Q4 24 | $25.7M | $97.9M | ||
| Q3 24 | $-8.6M | $225.3M | ||
| Q2 24 | $-8.6M | $263.3M | ||
| Q1 24 | $-19.1M | $191.0M |
自由现金流率ADAMAMH
| Q4 25 | — | 29.8% | ||
| Q3 25 | — | 44.8% | ||
| Q2 25 | — | 56.3% | ||
| Q1 25 | — | 47.0% | ||
| Q4 24 | 96.1% | 22.4% | ||
| Q3 24 | -42.3% | 50.6% | ||
| Q2 24 | -44.9% | 62.2% | ||
| Q1 24 | -107.0% | 45.1% |
资本支出强度ADAMAMH
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 12.9% | 1.0% | ||
| Q3 24 | 37.7% | 1.9% | ||
| Q2 24 | 39.7% | 2.5% | ||
| Q1 24 | 33.5% | 2.6% |
现金转化率ADAMAMH
| Q4 25 | 1.16× | 1.01× | ||
| Q3 25 | 0.15× | 1.91× | ||
| Q2 25 | 4.59× | 2.20× | ||
| Q1 25 | 0.61× | 1.74× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | -0.02× | 2.67× | ||
| Q2 24 | — | 2.52× | ||
| Q1 24 | — | 1.58× |
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
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
AMH
暂无分部数据
