vs
American Homes 4 Rent（AMH）与亚什兰（ASH）财务数据对比。点击上方公司名可切换其他公司
American Homes 4 Rent的季度营收约是亚什兰的1.2倍（$455.0M vs $386.0M），American Homes 4 Rent净利率更高（31.7% vs -3.1%，领先34.8%），American Homes 4 Rent同比增速更快（4.2% vs -4.7%），American Homes 4 Rent自由现金流更多（$823.7M vs $111.0M），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs -18.1%）
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。
亚什兰是一家总部位于美国特拉华州威尔明顿的化工企业，1924年始创于肯塔基州亚什兰市，最初以炼油业务起家，1994年迁至现总部。公司拥有多个业务板块，覆盖化工中间体与溶剂、复合材料、工业特种化学品、个人及家居护理、制药、食品饮料以及农业相关领域，2017年之前曾是胜牌润滑油的主要生产商。
AMH vs ASH — 直观对比
营收规模更大
AMH
是对方的1.2倍
$386.0M
营收增速更快
AMH
高出8.9%
-4.7%
净利率更高
AMH
高出34.8%
-3.1%
自由现金流更多
AMH
多$712.7M
$111.0M
两年增速更快
AMH
近两年复合增速
-18.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $386.0M |
| 净利润 | $144.3M | $-12.0M |
| 毛利率 | — | 27.2% |
| 营业利润率 | — | -1.6% |
| 净利率 | 31.7% | -3.1% |
| 营收同比 | 4.2% | -4.7% |
| 净利润同比 | 0.3% | 92.7% |
| 每股收益（稀释后） | $0.33 | $-0.26 |
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AMHASH
| Q4 25 | $455.0M | $386.0M | ||
| Q3 25 | $478.5M | $477.0M | ||
| Q2 25 | $457.5M | $463.0M | ||
| Q1 25 | $459.3M | $479.0M | ||
| Q4 24 | $436.6M | $405.0M | ||
| Q3 24 | $445.1M | $521.0M | ||
| Q2 24 | $423.5M | $544.0M | ||
| Q1 24 | $423.6M | $575.0M |
净利润AMHASH
| Q4 25 | $144.3M | $-12.0M | ||
| Q3 25 | $116.8M | $31.0M | ||
| Q2 25 | $123.6M | $-742.0M | ||
| Q1 25 | $128.7M | $31.0M | ||
| Q4 24 | $143.9M | $-165.0M | ||
| Q3 24 | $87.6M | $17.0M | ||
| Q2 24 | $108.5M | $6.0M | ||
| Q1 24 | $128.1M | $120.0M |
毛利率AMHASH
| Q4 25 | — | 27.2% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 28.5% | ||
| Q1 25 | — | 30.7% | ||
| Q4 24 | — | 27.4% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 34.2% | ||
| Q1 24 | — | 28.0% |
营业利润率AMHASH
| Q4 25 | — | -1.6% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | -152.9% | ||
| Q1 25 | — | 10.6% | ||
| Q4 24 | — | -44.2% | ||
| Q3 24 | — | 6.1% | ||
| Q2 24 | — | -11.2% | ||
| Q1 24 | — | 3.7% |
净利率AMHASH
| Q4 25 | 31.7% | -3.1% | ||
| Q3 25 | 24.4% | 6.5% | ||
| Q2 25 | 27.0% | -160.3% | ||
| Q1 25 | 28.0% | 6.5% | ||
| Q4 24 | 33.0% | -40.7% | ||
| Q3 24 | 19.7% | 3.3% | ||
| Q2 24 | 25.6% | 1.1% | ||
| Q1 24 | 30.2% | 20.9% |
每股收益（稀释后）AMHASH
| Q4 25 | $0.33 | $-0.26 | ||
| Q3 25 | $0.27 | $0.83 | ||
| Q2 25 | $0.28 | $-16.21 | ||
| Q1 25 | $0.30 | $0.65 | ||
| Q4 24 | $0.33 | $-3.50 | ||
| Q3 24 | $0.20 | $0.34 | ||
| Q2 24 | $0.25 | $0.12 | ||
| Q1 24 | $0.30 | $2.39 |
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 | $304.0M |
| 总债务越低越好 | $5.1B | $1.4B |
| 股东权益账面价值 | $7.0B | $1.9B |
| 总资产 | $13.2B | $4.5B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资AMHASH
| Q4 25 | $108.5M | $304.0M | ||
| Q3 25 | $45.6M | $215.0M | ||
| Q2 25 | $323.3M | $207.0M | ||
| Q1 25 | $69.7M | $168.0M | ||
| Q4 24 | $199.4M | $219.0M | ||
| Q3 24 | $162.5M | $300.0M | ||
| Q2 24 | $718.4M | $399.0M | ||
| Q1 24 | $124.8M | $439.0M |
总债务AMHASH
| Q4 25 | $5.1B | $1.4B | ||
| Q3 25 | $4.8B | $1.4B | ||
| Q2 25 | $5.2B | $1.4B | ||
| Q1 25 | $4.9B | $1.3B | ||
| Q4 24 | $5.0B | $1.3B | ||
| Q3 24 | $4.5B | $1.3B | ||
| Q2 24 | $5.0B | $1.3B | ||
| Q1 24 | $4.5B | $1.3B |
股东权益AMHASH
| Q4 25 | $7.0B | $1.9B | ||
| Q3 25 | $7.2B | $1.9B | ||
| Q2 25 | $7.2B | $1.9B | ||
| Q1 25 | $7.2B | $2.6B | ||
| Q4 24 | $7.2B | $2.6B | ||
| Q3 24 | $7.0B | $2.9B | ||
| Q2 24 | $7.0B | $3.0B | ||
| Q1 24 | $7.0B | $3.1B |
总资产AMHASH
| Q4 25 | $13.2B | $4.5B | ||
| Q3 25 | $13.3B | $4.6B | ||
| Q2 25 | $13.6B | $4.6B | ||
| Q1 25 | $13.3B | $5.2B | ||
| Q4 24 | $13.4B | $5.2B | ||
| Q3 24 | $12.8B | $5.6B | ||
| Q2 24 | $13.3B | $5.7B | ||
| Q1 24 | $12.8B | $5.9B |
负债/权益比AMHASH
| Q4 25 | 0.72× | 0.74× | ||
| Q3 25 | 0.68× | 0.73× | ||
| Q2 25 | 0.72× | 0.73× | ||
| Q1 25 | 0.69× | 0.52× | ||
| Q4 24 | 0.70× | 0.51× | ||
| Q3 24 | 0.64× | 0.47× | ||
| Q2 24 | 0.71× | 0.45× | ||
| Q1 24 | 0.64× | 0.42× |
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 | $125.0M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $111.0M |
| 自由现金流率自由现金流/营收 | 181.0% | 28.8% |
| 资本支出强度资本支出/营收 | 8.9% | 3.6% |
| 现金转化率经营现金流/净利润 | 5.99× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $200.0M |
8季度趋势，按日历期对齐
经营现金流AMHASH
| Q4 25 | $864.3M | $125.0M | ||
| Q3 25 | $223.3M | $40.0M | ||
| Q2 25 | $271.9M | $115.0M | ||
| Q1 25 | $223.4M | $9.0M | ||
| Q4 24 | $811.5M | $-30.0M | ||
| Q3 24 | $233.6M | $80.0M | ||
| Q2 24 | $274.0M | $127.0M | ||
| Q1 24 | $201.8M | $54.0M |
自由现金流AMHASH
| Q4 25 | $823.7M | $111.0M | ||
| Q3 25 | $214.5M | $6.0M | ||
| Q2 25 | $257.7M | $95.0M | ||
| Q1 25 | $215.9M | $-12.0M | ||
| Q4 24 | $777.5M | $-53.0M | ||
| Q3 24 | $225.3M | $42.0M | ||
| Q2 24 | $263.3M | $98.0M | ||
| Q1 24 | $191.0M | $20.0M |
自由现金流率AMHASH
| Q4 25 | 181.0% | 28.8% | ||
| Q3 25 | 44.8% | 1.3% | ||
| Q2 25 | 56.3% | 20.5% | ||
| Q1 25 | 47.0% | -2.5% | ||
| Q4 24 | 178.1% | -13.1% | ||
| Q3 24 | 50.6% | 8.1% | ||
| Q2 24 | 62.2% | 18.0% | ||
| Q1 24 | 45.1% | 3.5% |
资本支出强度AMHASH
| Q4 25 | 8.9% | 3.6% | ||
| Q3 25 | 1.8% | 7.1% | ||
| Q2 25 | 3.1% | 4.3% | ||
| Q1 25 | 1.6% | 4.4% | ||
| Q4 24 | 7.8% | 5.7% | ||
| Q3 24 | 1.9% | 7.3% | ||
| Q2 24 | 2.5% | 5.3% | ||
| Q1 24 | 2.6% | 5.9% |
现金转化率AMHASH
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | 1.29× | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | 0.29× | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | 4.71× | ||
| Q2 24 | 2.52× | 21.17× | ||
| Q1 24 | 1.58× | 0.45× |
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
ASH
| Personal Care And Household | $123.0M | 32% |
| Other | $120.0M | 31% |
| Specialty Additives | $36.0M | 9% |
| Intermediates And Solvents | $31.0M | 8% |
| Personal Care | $30.0M | 8% |
| Life Sciences | $27.0M | 7% |
| Intermediates | $19.0M | 5% |
