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American Homes 4 Rent（AMH）与BALCHEM CORP（BCPC）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BALCHEM CORP的1.7倍（$455.0M vs $270.7M），American Homes 4 Rent净利率更高（31.7% vs 14.9%，领先16.8%），BALCHEM CORP同比增速更快（8.1% vs 4.2%），American Homes 4 Rent自由现金流更多（$823.7M vs $33.8M），过去两年BALCHEM CORP的营收复合增速更高（7.5% 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。
Balchem Corp是一家全球特种化学品与营养原料供应商，核心业务覆盖人类营养、动物保健、制药、工业应用四大领域，为北美、欧洲、亚太等地区的客户提供定制化专用原料产品。
AMH vs BCPC — 直观对比
营收规模更大
AMH
是对方的1.7倍
$270.7M
营收增速更快
BCPC
高出3.8%
4.2%
净利率更高
AMH
高出16.8%
14.9%
自由现金流更多
AMH
多$789.8M
$33.8M
两年增速更快
BCPC
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $270.7M |
| 净利润 | $144.3M | $40.3M |
| 毛利率 | — | — |
| 营业利润率 | — | 20.5% |
| 净利率 | 31.7% | 14.9% |
| 营收同比 | 4.2% | 8.1% |
| 净利润同比 | 0.3% | 8.7% |
| 每股收益（稀释后） | $0.33 | $1.25 |
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AMHBCPC
| Q1 26 | — | $270.7M | ||
| Q4 25 | $455.0M | $263.6M | ||
| Q3 25 | $478.5M | $267.6M | ||
| Q2 25 | $457.5M | $255.5M | ||
| Q1 25 | $459.3M | $250.5M | ||
| Q4 24 | $436.6M | $240.0M | ||
| Q3 24 | $445.1M | $239.9M | ||
| Q2 24 | $423.5M | $234.1M |
净利润AMHBCPC
| Q1 26 | — | $40.3M | ||
| Q4 25 | $144.3M | $39.2M | ||
| Q3 25 | $116.8M | $40.3M | ||
| Q2 25 | $123.6M | $38.3M | ||
| Q1 25 | $128.7M | $37.1M | ||
| Q4 24 | $143.9M | $33.6M | ||
| Q3 24 | $87.6M | $33.8M | ||
| Q2 24 | $108.5M | $32.1M |
毛利率AMHBCPC
| Q1 26 | — | — | ||
| Q4 25 | — | 35.6% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 35.2% | ||
| Q4 24 | — | 36.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 35.5% |
营业利润率AMHBCPC
| Q1 26 | — | 20.5% | ||
| Q4 25 | — | 19.8% | ||
| Q3 25 | — | 20.4% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | — | 19.8% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 19.6% |
净利率AMHBCPC
| Q1 26 | — | 14.9% | ||
| Q4 25 | 31.7% | 14.9% | ||
| Q3 25 | 24.4% | 15.1% | ||
| Q2 25 | 27.0% | 15.0% | ||
| Q1 25 | 28.0% | 14.8% | ||
| Q4 24 | 33.0% | 14.0% | ||
| Q3 24 | 19.7% | 14.1% | ||
| Q2 24 | 25.6% | 13.7% |
每股收益（稀释后）AMHBCPC
| Q1 26 | — | $1.25 | ||
| Q4 25 | $0.33 | $1.21 | ||
| Q3 25 | $0.27 | $1.24 | ||
| Q2 25 | $0.28 | $1.17 | ||
| Q1 25 | $0.30 | $1.13 | ||
| Q4 24 | $0.33 | $1.03 | ||
| Q3 24 | $0.20 | $1.03 | ||
| Q2 24 | $0.25 | $0.98 |
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 | $72.9M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $1.3B |
| 总资产 | $13.2B | $1.7B |
| 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AMHBCPC
| Q1 26 | — | $72.9M | ||
| Q4 25 | $108.5M | $74.6M | ||
| Q3 25 | $45.6M | $65.1M | ||
| Q2 25 | $323.3M | $65.4M | ||
| Q1 25 | $69.7M | $49.9M | ||
| Q4 24 | $199.4M | $49.5M | ||
| Q3 24 | $162.5M | $73.7M | ||
| Q2 24 | $718.4M | $63.7M |
总债务AMHBCPC
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — |
股东权益AMHBCPC
| Q1 26 | — | $1.3B | ||
| Q4 25 | $7.0B | $1.3B | ||
| Q3 25 | $7.2B | $1.3B | ||
| Q2 25 | $7.2B | $1.3B | ||
| Q1 25 | $7.2B | $1.2B | ||
| Q4 24 | $7.2B | $1.1B | ||
| Q3 24 | $7.0B | $1.2B | ||
| Q2 24 | $7.0B | $1.1B |
总资产AMHBCPC
| Q1 26 | — | $1.7B | ||
| Q4 25 | $13.2B | $1.7B | ||
| Q3 25 | $13.3B | $1.7B | ||
| Q2 25 | $13.6B | $1.7B | ||
| Q1 25 | $13.3B | $1.6B | ||
| Q4 24 | $13.4B | $1.6B | ||
| Q3 24 | $12.8B | $1.6B | ||
| Q2 24 | $13.3B | $1.6B |
负债/权益比AMHBCPC
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.71× | — |
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 | $40.1M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $33.8M |
| 自由现金流率自由现金流/营收 | 181.0% | 12.5% |
| 资本支出强度资本支出/营收 | 8.9% | 2.3% |
| 现金转化率经营现金流/净利润 | 5.99× | 0.99× |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流AMHBCPC
| Q1 26 | — | $40.1M | ||
| Q4 25 | $864.3M | $67.3M | ||
| Q3 25 | $223.3M | $65.6M | ||
| Q2 25 | $271.9M | $47.3M | ||
| Q1 25 | $223.4M | $36.5M | ||
| Q4 24 | $811.5M | $52.3M | ||
| Q3 24 | $233.6M | $51.3M | ||
| Q2 24 | $274.0M | $45.0M |
自由现金流AMHBCPC
| Q1 26 | — | $33.8M | ||
| Q4 25 | $823.7M | — | ||
| Q3 25 | $214.5M | — | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $215.9M | — | ||
| Q4 24 | $777.5M | — | ||
| Q3 24 | $225.3M | — | ||
| Q2 24 | $263.3M | — |
自由现金流率AMHBCPC
| Q1 26 | — | 12.5% | ||
| Q4 25 | 181.0% | — | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 178.1% | — | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 62.2% | — |
资本支出强度AMHBCPC
| Q1 26 | — | 2.3% | ||
| Q4 25 | 8.9% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.5% | — |
现金转化率AMHBCPC
| Q1 26 | — | 0.99× | ||
| Q4 25 | 5.99× | 1.72× | ||
| Q3 25 | 1.91× | 1.63× | ||
| Q2 25 | 2.20× | 1.23× | ||
| Q1 25 | 1.74× | 0.98× | ||
| Q4 24 | 5.64× | 1.56× | ||
| Q3 24 | 2.67× | 1.52× | ||
| Q2 24 | 2.52× | 1.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
