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American Homes 4 Rent（AMH）与APOGEE ENTERPRISES, INC.（APOG）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APOGEE ENTERPRISES, INC.的1.3倍（$455.0M vs $348.6M），American Homes 4 Rent净利率更高（31.7% vs 4.7%，领先27.0%），American Homes 4 Rent同比增速更快（4.2% vs 2.1%），American Homes 4 Rent自由现金流更多（$823.7M vs $22.9M），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs -1.9%）
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。
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
AMH vs APOG — 直观对比
营收规模更大
AMH
是对方的1.3倍
$348.6M
营收增速更快
AMH
高出2.1%
2.1%
净利率更高
AMH
高出27.0%
4.7%
自由现金流更多
AMH
多$800.8M
$22.9M
两年增速更快
AMH
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $348.6M |
| 净利润 | $144.3M | $16.5M |
| 毛利率 | — | 23.8% |
| 营业利润率 | — | 7.1% |
| 净利率 | 31.7% | 4.7% |
| 营收同比 | 4.2% | 2.1% |
| 净利润同比 | 0.3% | -21.2% |
| 每股收益（稀释后） | $0.33 | $0.77 |
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AMHAPOG
| Q4 25 | $455.0M | $348.6M | ||
| Q3 25 | $478.5M | $358.2M | ||
| Q2 25 | $457.5M | $346.6M | ||
| Q1 25 | $459.3M | $345.7M | ||
| Q4 24 | $436.6M | $341.3M | ||
| Q3 24 | $445.1M | $342.4M | ||
| Q2 24 | $423.5M | $331.5M | ||
| Q1 24 | $423.6M | $361.8M |
净利润AMHAPOG
| Q4 25 | $144.3M | $16.5M | ||
| Q3 25 | $116.8M | $23.6M | ||
| Q2 25 | $123.6M | $-2.7M | ||
| Q1 25 | $128.7M | $2.5M | ||
| Q4 24 | $143.9M | $21.0M | ||
| Q3 24 | $87.6M | $30.6M | ||
| Q2 24 | $108.5M | $31.0M | ||
| Q1 24 | $128.1M | $15.7M |
毛利率AMHAPOG
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 23.1% | ||
| Q2 25 | — | 21.7% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 28.4% | ||
| Q2 24 | — | 29.8% | ||
| Q1 24 | — | 24.4% |
营业利润率AMHAPOG
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 7.5% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 8.4% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 12.5% | ||
| Q1 24 | — | 6.0% |
净利率AMHAPOG
| Q4 25 | 31.7% | 4.7% | ||
| Q3 25 | 24.4% | 6.6% | ||
| Q2 25 | 27.0% | -0.8% | ||
| Q1 25 | 28.0% | 0.7% | ||
| Q4 24 | 33.0% | 6.1% | ||
| Q3 24 | 19.7% | 8.9% | ||
| Q2 24 | 25.6% | 9.4% | ||
| Q1 24 | 30.2% | 4.3% |
每股收益（稀释后）AMHAPOG
| Q4 25 | $0.33 | $0.77 | ||
| Q3 25 | $0.27 | $1.10 | ||
| Q2 25 | $0.28 | $-0.13 | ||
| Q1 25 | $0.30 | $0.12 | ||
| Q4 24 | $0.33 | $0.96 | ||
| Q3 24 | $0.20 | $1.40 | ||
| Q2 24 | $0.25 | $1.41 | ||
| Q1 24 | $0.30 | $0.71 |
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 | $108.5M | $41.3M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $512.3M |
| 总资产 | $13.2B | $1.1B |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资AMHAPOG
| Q4 25 | $108.5M | $41.3M | ||
| Q3 25 | $45.6M | $39.5M | ||
| Q2 25 | $323.3M | $32.8M | ||
| Q1 25 | $69.7M | $41.4M | ||
| Q4 24 | $199.4M | $43.9M | ||
| Q3 24 | $162.5M | $51.0M | ||
| Q2 24 | $718.4M | $30.4M | ||
| Q1 24 | $124.8M | $37.2M |
总债务AMHAPOG
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | $285.0M | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.5B | $62.0M |
股东权益AMHAPOG
| Q4 25 | $7.0B | $512.3M | ||
| Q3 25 | $7.2B | $500.2M | ||
| Q2 25 | $7.2B | $481.8M | ||
| Q1 25 | $7.2B | $487.9M | ||
| Q4 24 | $7.2B | $522.1M | ||
| Q3 24 | $7.0B | $506.4M | ||
| Q2 24 | $7.0B | $480.0M | ||
| Q1 24 | $7.0B | $471.0M |
总资产AMHAPOG
| Q4 25 | $13.2B | $1.1B | ||
| Q3 25 | $13.3B | $1.2B | ||
| Q2 25 | $13.6B | $1.2B | ||
| Q1 25 | $13.3B | $1.2B | ||
| Q4 24 | $13.4B | $1.2B | ||
| Q3 24 | $12.8B | $917.1M | ||
| Q2 24 | $13.3B | $889.0M | ||
| Q1 24 | $12.8B | $884.1M |
负债/权益比AMHAPOG
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | 0.58× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.64× | 0.13× |
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 | $864.3M | $29.3M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $22.9M |
| 自由现金流率自由现金流/营收 | 181.0% | 6.6% |
| 资本支出强度资本支出/营收 | 8.9% | 1.9% |
| 现金转化率经营现金流/净利润 | 5.99× | 1.77× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $67.4M |
8季度趋势，按日历期对齐
经营现金流AMHAPOG
| Q4 25 | $864.3M | $29.3M | ||
| Q3 25 | $223.3M | $57.1M | ||
| Q2 25 | $271.9M | $-19.8M | ||
| Q1 25 | $223.4M | $30.0M | ||
| Q4 24 | $811.5M | $31.0M | ||
| Q3 24 | $233.6M | $58.7M | ||
| Q2 24 | $274.0M | $5.5M | ||
| Q1 24 | $201.8M | $74.9M |
自由现金流AMHAPOG
| Q4 25 | $823.7M | $22.9M | ||
| Q3 25 | $214.5M | $52.4M | ||
| Q2 25 | $257.7M | $-26.9M | ||
| Q1 25 | $215.9M | $19.1M | ||
| Q4 24 | $777.5M | $22.0M | ||
| Q3 24 | $225.3M | $50.2M | ||
| Q2 24 | $263.3M | $-1.8M | ||
| Q1 24 | $191.0M | $58.7M |
自由现金流率AMHAPOG
| Q4 25 | 181.0% | 6.6% | ||
| Q3 25 | 44.8% | 14.6% | ||
| Q2 25 | 56.3% | -7.8% | ||
| Q1 25 | 47.0% | 5.5% | ||
| Q4 24 | 178.1% | 6.4% | ||
| Q3 24 | 50.6% | 14.7% | ||
| Q2 24 | 62.2% | -0.5% | ||
| Q1 24 | 45.1% | 16.2% |
资本支出强度AMHAPOG
| Q4 25 | 8.9% | 1.9% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 3.1% | 2.1% | ||
| Q1 25 | 1.6% | 3.2% | ||
| Q4 24 | 7.8% | 2.6% | ||
| Q3 24 | 1.9% | 2.5% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | 2.6% | 4.5% |
现金转化率AMHAPOG
| Q4 25 | 5.99× | 1.77× | ||
| Q3 25 | 1.91× | 2.41× | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | 12.08× | ||
| Q4 24 | 5.64× | 1.48× | ||
| Q3 24 | 2.67× | 1.92× | ||
| Q2 24 | 2.52× | 0.18× | ||
| Q1 24 | 1.58× | 4.76× |
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
AMH
暂无分部数据
APOG
| Transferred At Point In Time | $163.0M | 47% |
| Architectural Services Segment | $105.2M | 30% |
| Performance Surfaces | $53.0M | 15% |
| UW Interco LLC | $27.9M | 8% |
