vs
American Homes 4 Rent（AMH）与CoStar Group（CSGP）财务数据对比。点击上方公司名可切换其他公司
CoStar Group的季度营收约是American Homes 4 Rent的2.0倍（$899.9M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 5.2%，领先26.5%），CoStar Group同比增速更快（26.9% vs 4.2%），American Homes 4 Rent自由现金流更多（$823.7M vs $101.3M），过去两年CoStar Group的营收复合增速更高（17.1% 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。
CoStar Group是1987年成立的美国商业地产服务商，总部位于弗吉尼亚州阿灵顿，业务覆盖北美、欧洲地区，为商业地产行业提供信息、分析及营销解决方案，旗下运营CoStar线上数据库、新闻网站及Apartments.com、Homes.com等多个线上平台。
AMH vs CSGP — 直观对比
营收规模更大
CSGP
是对方的2.0倍
$455.0M
营收增速更快
CSGP
高出22.6%
4.2%
净利率更高
AMH
高出26.5%
5.2%
自由现金流更多
AMH
多$722.4M
$101.3M
两年增速更快
CSGP
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $899.9M |
| 净利润 | $144.3M | $46.5M |
| 毛利率 | — | 78.6% |
| 营业利润率 | — | 5.5% |
| 净利率 | 31.7% | 5.2% |
| 营收同比 | 4.2% | 26.9% |
| 净利润同比 | 0.3% | -22.2% |
| 每股收益（稀释后） | $0.33 | $0.12 |
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AMHCSGP
| Q4 25 | $455.0M | $899.9M | ||
| Q3 25 | $478.5M | $833.6M | ||
| Q2 25 | $457.5M | $781.3M | ||
| Q1 25 | $459.3M | $732.2M | ||
| Q4 24 | $436.6M | $709.4M | ||
| Q3 24 | $445.1M | $692.6M | ||
| Q2 24 | $423.5M | $677.8M | ||
| Q1 24 | $423.6M | $656.4M |
净利润AMHCSGP
| Q4 25 | $144.3M | $46.5M | ||
| Q3 25 | $116.8M | $-30.9M | ||
| Q2 25 | $123.6M | $6.2M | ||
| Q1 25 | $128.7M | $-14.8M | ||
| Q4 24 | $143.9M | $59.8M | ||
| Q3 24 | $87.6M | $53.0M | ||
| Q2 24 | $108.5M | $19.2M | ||
| Q1 24 | $128.1M | $6.7M |
毛利率AMHCSGP
| Q4 25 | — | 78.6% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 78.5% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 80.1% | ||
| Q3 24 | — | 79.7% | ||
| Q2 24 | — | 80.0% | ||
| Q1 24 | — | 78.5% |
营业利润率AMHCSGP
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -6.1% | ||
| Q2 25 | — | -3.5% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | -2.4% | ||
| Q1 24 | — | -6.5% |
净利率AMHCSGP
| Q4 25 | 31.7% | 5.2% | ||
| Q3 25 | 24.4% | -3.7% | ||
| Q2 25 | 27.0% | 0.8% | ||
| Q1 25 | 28.0% | -2.0% | ||
| Q4 24 | 33.0% | 8.4% | ||
| Q3 24 | 19.7% | 7.7% | ||
| Q2 24 | 25.6% | 2.8% | ||
| Q1 24 | 30.2% | 1.0% |
每股收益（稀释后）AMHCSGP
| Q4 25 | $0.33 | $0.12 | ||
| Q3 25 | $0.27 | $-0.07 | ||
| Q2 25 | $0.28 | $0.01 | ||
| Q1 25 | $0.30 | $-0.04 | ||
| Q4 24 | $0.33 | $0.14 | ||
| Q3 24 | $0.20 | $0.13 | ||
| Q2 24 | $0.25 | $0.05 | ||
| Q1 24 | $0.30 | $0.02 |
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 | $1.6B |
| 总债务越低越好 | $5.1B | $140.0M |
| 股东权益账面价值 | $7.0B | $8.3B |
| 总资产 | $13.2B | $10.5B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.02× |
8季度趋势，按日历期对齐
现金及短期投资AMHCSGP
| Q4 25 | $108.5M | $1.6B | ||
| Q3 25 | $45.6M | $1.9B | ||
| Q2 25 | $323.3M | $3.6B | ||
| Q1 25 | $69.7M | $3.7B | ||
| Q4 24 | $199.4M | $4.7B | ||
| Q3 24 | $162.5M | — | ||
| Q2 24 | $718.4M | — | ||
| Q1 24 | $124.8M | — |
总债务AMHCSGP
| Q4 25 | $5.1B | $140.0M | ||
| Q3 25 | $4.8B | $1.0B | ||
| Q2 25 | $5.2B | $1.0B | ||
| Q1 25 | $4.9B | $1.0B | ||
| Q4 24 | $5.0B | $1.0B | ||
| Q3 24 | $4.5B | $1.0B | ||
| Q2 24 | $5.0B | $1.0B | ||
| Q1 24 | $4.5B | $1.0B |
股东权益AMHCSGP
| Q4 25 | $7.0B | $8.3B | ||
| Q3 25 | $7.2B | $8.6B | ||
| Q2 25 | $7.2B | $8.6B | ||
| Q1 25 | $7.2B | $8.6B | ||
| Q4 24 | $7.2B | $7.6B | ||
| Q3 24 | $7.0B | $7.5B | ||
| Q2 24 | $7.0B | $7.4B | ||
| Q1 24 | $7.0B | $7.3B |
总资产AMHCSGP
| Q4 25 | $13.2B | $10.5B | ||
| Q3 25 | $13.3B | $10.8B | ||
| Q2 25 | $13.6B | $10.5B | ||
| Q1 25 | $13.3B | $10.4B | ||
| Q4 24 | $13.4B | $9.3B | ||
| Q3 24 | $12.8B | $9.1B | ||
| Q2 24 | $13.3B | $9.1B | ||
| Q1 24 | $12.8B | $9.0B |
负债/权益比AMHCSGP
| Q4 25 | 0.72× | 0.02× | ||
| Q3 25 | 0.68× | 0.12× | ||
| Q2 25 | 0.72× | 0.12× | ||
| Q1 25 | 0.69× | 0.12× | ||
| Q4 24 | 0.70× | 0.13× | ||
| Q3 24 | 0.64× | 0.13× | ||
| Q2 24 | 0.71× | 0.14× | ||
| Q1 24 | 0.64× | 0.14× |
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 | $162.1M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $101.3M |
| 自由现金流率自由现金流/营收 | 181.0% | 11.3% |
| 资本支出强度资本支出/营收 | 8.9% | 6.8% |
| 现金转化率经营现金流/净利润 | 5.99× | 3.49× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $123.0M |
8季度趋势，按日历期对齐
经营现金流AMHCSGP
| Q4 25 | $864.3M | $162.1M | ||
| Q3 25 | $223.3M | $68.2M | ||
| Q2 25 | $271.9M | $146.5M | ||
| Q1 25 | $223.4M | $53.2M | ||
| Q4 24 | $811.5M | $94.6M | ||
| Q3 24 | $233.6M | $100.3M | ||
| Q2 24 | $274.0M | $58.1M | ||
| Q1 24 | $201.8M | $139.6M |
自由现金流AMHCSGP
| Q4 25 | $823.7M | $101.3M | ||
| Q3 25 | $214.5M | $-5.5M | ||
| Q2 25 | $257.7M | $27.7M | ||
| Q1 25 | $215.9M | $-500.0K | ||
| Q4 24 | $777.5M | $25.2M | ||
| Q3 24 | $225.3M | $40.2M | ||
| Q2 24 | $263.3M | $-14.7M | ||
| Q1 24 | $191.0M | $-237.1M |
自由现金流率AMHCSGP
| Q4 25 | 181.0% | 11.3% | ||
| Q3 25 | 44.8% | -0.7% | ||
| Q2 25 | 56.3% | 3.5% | ||
| Q1 25 | 47.0% | -0.1% | ||
| Q4 24 | 178.1% | 3.6% | ||
| Q3 24 | 50.6% | 5.8% | ||
| Q2 24 | 62.2% | -2.2% | ||
| Q1 24 | 45.1% | -36.1% |
资本支出强度AMHCSGP
| Q4 25 | 8.9% | 6.8% | ||
| Q3 25 | 1.8% | 8.8% | ||
| Q2 25 | 3.1% | 15.2% | ||
| Q1 25 | 1.6% | 7.3% | ||
| Q4 24 | 7.8% | 9.8% | ||
| Q3 24 | 1.9% | 8.7% | ||
| Q2 24 | 2.5% | 10.7% | ||
| Q1 24 | 2.6% | 57.4% |
现金转化率AMHCSGP
| Q4 25 | 5.99× | 3.49× | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | 23.63× | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | 1.58× | ||
| Q3 24 | 2.67× | 1.89× | ||
| Q2 24 | 2.52× | 3.03× | ||
| Q1 24 | 1.58× | 20.84× |
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
CSGP
| Co Star | $503.8M | 56% |
| Other | $283.0M | 31% |
| Loop Net | $94.7M | 11% |
