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American Homes 4 Rent（AMH）与Bluerock Homes Trust, Inc.（BHM）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Bluerock Homes Trust, Inc.的24.1倍（$455.0M vs $18.9M）。American Homes 4 Rent净利率更高（31.7% vs -50.1%，领先81.8%）。Bluerock Homes Trust, Inc.同比增速更快（36.9% vs 4.2%）。American Homes 4 Rent自由现金流更多（$135.5M vs $-4.2M）。过去两年Bluerock Homes Trust, Inc.的营收复合增速更高（30.1% 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。
Bluerock Homes Trust, Inc.是一家总部位于美国的房地产投资信托企业，主要收购、持有并运营优质单户住宅租赁资产，面向美国高增长郊区市场的中等收入租户，聚焦人口基本面向好、租赁需求旺盛的区域布局。
AMH vs BHM — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $18.9M |
| 净利润 | $144.3M | $-9.5M |
| 毛利率 | — | — |
| 营业利润率 | — | -48.8% |
| 净利率 | 31.7% | -50.1% |
| 营收同比 | 4.2% | 36.9% |
| 净利润同比 | 0.3% | -29.9% |
| 每股收益（稀释后） | $0.33 | $-0.75 |
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
| Q4 25 | $455.0M | $18.9M | ||
| Q3 25 | $478.5M | $16.6M | ||
| Q2 25 | $457.5M | $16.8M | ||
| Q1 25 | $459.3M | $16.4M | ||
| Q4 24 | $436.6M | $13.8M | ||
| Q3 24 | $445.1M | $12.7M | ||
| Q2 24 | $423.5M | $12.5M | ||
| Q1 24 | $423.6M | $11.2M |
| Q4 25 | $144.3M | $-9.5M | ||
| Q3 25 | $116.8M | $-10.0M | ||
| Q2 25 | $123.6M | $-5.8M | ||
| Q1 25 | $128.7M | $-7.3M | ||
| Q4 24 | $143.9M | $-7.3M | ||
| Q3 24 | $87.6M | $3.5M | ||
| Q2 24 | $108.5M | $-5.2M | ||
| Q1 24 | $128.1M | $-3.2M |
| Q4 25 | — | -48.8% | ||
| Q3 25 | — | -57.6% | ||
| Q2 25 | — | -30.9% | ||
| Q1 25 | — | -42.6% | ||
| Q4 24 | — | -52.8% | ||
| Q3 24 | — | 27.9% | ||
| Q2 24 | — | -41.3% | ||
| Q1 24 | — | -28.4% |
| Q4 25 | 31.7% | -50.1% | ||
| Q3 25 | 24.4% | -60.0% | ||
| Q2 25 | 27.0% | -34.7% | ||
| Q1 25 | 28.0% | -44.7% | ||
| Q4 24 | 33.0% | -52.8% | ||
| Q3 24 | 19.7% | 27.9% | ||
| Q2 24 | 25.6% | -41.3% | ||
| Q1 24 | 30.2% | -28.4% |
| Q4 25 | $0.33 | $-0.75 | ||
| Q3 25 | $0.27 | $-0.94 | ||
| Q2 25 | $0.28 | $-0.66 | ||
| Q1 25 | $0.30 | $-0.67 | ||
| Q4 24 | $0.33 | $-0.65 | ||
| Q3 24 | $0.20 | $0.24 | ||
| Q2 24 | $0.25 | $-0.42 | ||
| Q1 24 | $0.30 | $-0.27 |
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 | $169.6M |
| 总债务越低越好 | $5.1B | $428.4M |
| 股东权益账面价值 | $7.0B | $128.7M |
| 总资产 | $13.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.72× | 3.33× |
8季度趋势，按日历期对齐
| Q4 25 | $108.5M | $169.6M | ||
| Q3 25 | $45.6M | $2.1M | ||
| Q2 25 | $323.3M | $4.2M | ||
| Q1 25 | $69.7M | $3.0M | ||
| Q4 24 | $199.4M | $115.2M | ||
| Q3 24 | $162.5M | $155.1M | ||
| Q2 24 | $718.4M | $116.0M | ||
| Q1 24 | $124.8M | $92.3M |
| Q4 25 | $5.1B | $428.4M | ||
| Q3 25 | $4.8B | $415.9M | ||
| Q2 25 | $5.2B | $338.6M | ||
| Q1 25 | $4.9B | $336.5M | ||
| Q4 24 | $5.0B | $373.8M | ||
| Q3 24 | $4.5B | $122.5M | ||
| Q2 24 | $5.0B | $119.7M | ||
| Q1 24 | $4.5B | $120.2M |
| Q4 25 | $7.0B | $128.7M | ||
| Q3 25 | $7.2B | $131.7M | ||
| Q2 25 | $7.2B | $135.3M | ||
| Q1 25 | $7.2B | $137.1M | ||
| Q4 24 | $7.2B | $139.1M | ||
| Q3 24 | $7.0B | $142.9M | ||
| Q2 24 | $7.0B | $142.5M | ||
| Q1 24 | $7.0B | $144.5M |
| Q4 25 | $13.2B | $1.2B | ||
| Q3 25 | $13.3B | $222.1M | ||
| Q2 25 | $13.6B | $220.3M | ||
| Q1 25 | $13.3B | $186.2M | ||
| Q4 24 | $13.4B | $967.0M | ||
| Q3 24 | $12.8B | $800.8M | ||
| Q2 24 | $13.3B | $756.2M | ||
| Q1 24 | $12.8B | $727.4M |
| Q4 25 | 0.72× | 3.33× | ||
| Q3 25 | 0.68× | 3.16× | ||
| Q2 25 | 0.72× | 2.50× | ||
| Q1 25 | 0.69× | 2.45× | ||
| Q4 24 | 0.70× | 2.69× | ||
| Q3 24 | 0.64× | 0.86× | ||
| Q2 24 | 0.71× | 0.84× | ||
| Q1 24 | 0.64× | 0.83× |
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 | $145.8M | $-491.0K |
| 自由现金流经营现金流 - 资本支出 | $135.5M | $-4.2M |
| 自由现金流率自由现金流/营收 | 29.8% | -22.1% |
| 资本支出强度资本支出/营收 | 2.3% | 19.6% |
| 现金转化率经营现金流/净利润 | 1.01× | — |
| 过去12个月自由现金流最近4个季度 | $823.7M | $10.4M |
8季度趋势，按日历期对齐
| Q4 25 | $145.8M | $-491.0K | ||
| Q3 25 | $223.3M | $13.4M | ||
| Q2 25 | $271.9M | $13.9M | ||
| Q1 25 | $223.4M | $951.0K | ||
| Q4 24 | $102.2M | $5.0M | ||
| Q3 24 | $233.6M | $1.7M | ||
| Q2 24 | $274.0M | $1.3M | ||
| Q1 24 | $201.8M | $1.1M |
| Q4 25 | $135.5M | $-4.2M | ||
| Q3 25 | $214.5M | $8.7M | ||
| Q2 25 | $257.7M | $8.8M | ||
| Q1 25 | $215.9M | $-2.9M | ||
| Q4 24 | $97.9M | $1.6M | ||
| Q3 24 | $225.3M | $-601.0K | ||
| Q2 24 | $263.3M | $-654.0K | ||
| Q1 24 | $191.0M | $-630.0K |
| Q4 25 | 29.8% | -22.1% | ||
| Q3 25 | 44.8% | 52.4% | ||
| Q2 25 | 56.3% | 52.2% | ||
| Q1 25 | 47.0% | -17.6% | ||
| Q4 24 | 22.4% | 11.8% | ||
| Q3 24 | 50.6% | -4.7% | ||
| Q2 24 | 62.2% | -5.2% | ||
| Q1 24 | 45.1% | -5.6% |
| Q4 25 | 2.3% | 19.6% | ||
| Q3 25 | 1.8% | 28.5% | ||
| Q2 25 | 3.1% | 30.3% | ||
| Q1 25 | 1.6% | 23.4% | ||
| Q4 24 | 1.0% | 24.4% | ||
| Q3 24 | 1.9% | 18.0% | ||
| Q2 24 | 2.5% | 15.3% | ||
| Q1 24 | 2.6% | 15.5% |
| Q4 25 | 1.01× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 2.67× | 0.47× | ||
| 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
AMH
暂无分部数据
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
