vs
American Homes 4 Rent（AMH）与南玻集团（CSGS）财务数据对比。点击上方公司名可切换其他公司
American Homes 4 Rent的季度营收约是南玻集团的1.4倍（$455.0M vs $323.1M），American Homes 4 Rent净利率更高（31.7% vs 2.2%，领先29.5%），American Homes 4 Rent同比增速更快（4.2% vs 2.0%），American Homes 4 Rent自由现金流更多（$823.7M vs $55.8M），过去两年南玻集团的营收复合增速更高（4.6% 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。
中国南玻集团股份有限公司是中国规模最大的建筑玻璃生产商，业务涵盖浮法玻璃、建筑玻璃、显示玻璃、汽车玻璃、镀膜玻璃、镜子、彩滤玻璃、太阳能玻璃及节能玻璃等各类玻璃产品的研发、生产与销售，产品广泛应用于建筑、消费电子、新能源汽车、光伏等多个领域。
AMH vs CSGS — 直观对比
营收规模更大
AMH
是对方的1.4倍
$323.1M
营收增速更快
AMH
高出2.2%
2.0%
净利率更高
AMH
高出29.5%
2.2%
自由现金流更多
AMH
多$767.9M
$55.8M
两年增速更快
CSGS
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $323.1M |
| 净利润 | $144.3M | $7.0M |
| 毛利率 | — | 50.0% |
| 营业利润率 | — | 9.0% |
| 净利率 | 31.7% | 2.2% |
| 营收同比 | 4.2% | 2.0% |
| 净利润同比 | 0.3% | -79.7% |
| 每股收益（稀释后） | $0.33 | $0.24 |
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AMHCSGS
| Q4 25 | $455.0M | $323.1M | ||
| Q3 25 | $478.5M | $303.6M | ||
| Q2 25 | $457.5M | $297.1M | ||
| Q1 25 | $459.3M | $299.5M | ||
| Q4 24 | $436.6M | $316.7M | ||
| Q3 24 | $445.1M | $295.1M | ||
| Q2 24 | $423.5M | $290.3M | ||
| Q1 24 | $423.6M | $295.1M |
净利润AMHCSGS
| Q4 25 | $144.3M | $7.0M | ||
| Q3 25 | $116.8M | $20.5M | ||
| Q2 25 | $123.6M | $12.3M | ||
| Q1 25 | $128.7M | $16.1M | ||
| Q4 24 | $143.9M | $34.5M | ||
| Q3 24 | $87.6M | $19.1M | ||
| Q2 24 | $108.5M | $13.8M | ||
| Q1 24 | $128.1M | $19.5M |
毛利率AMHCSGS
| Q4 25 | — | 50.0% | ||
| Q3 25 | — | 48.1% | ||
| Q2 25 | — | 49.5% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | 51.3% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | 47.3% | ||
| Q1 24 | — | 46.5% |
营业利润率AMHCSGS
| Q4 25 | — | 9.0% | ||
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 10.0% | ||
| Q1 25 | — | 9.8% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | 10.8% |
净利率AMHCSGS
| Q4 25 | 31.7% | 2.2% | ||
| Q3 25 | 24.4% | 6.7% | ||
| Q2 25 | 27.0% | 4.1% | ||
| Q1 25 | 28.0% | 5.4% | ||
| Q4 24 | 33.0% | 10.9% | ||
| Q3 24 | 19.7% | 6.5% | ||
| Q2 24 | 25.6% | 4.8% | ||
| Q1 24 | 30.2% | 6.6% |
每股收益（稀释后）AMHCSGS
| Q4 25 | $0.33 | $0.24 | ||
| Q3 25 | $0.27 | $0.73 | ||
| Q2 25 | $0.28 | $0.44 | ||
| Q1 25 | $0.30 | $0.57 | ||
| Q4 24 | $0.33 | $1.20 | ||
| Q3 24 | $0.20 | $0.67 | ||
| Q2 24 | $0.25 | $0.48 | ||
| Q1 24 | $0.30 | $0.68 |
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 | $180.0M |
| 总债务越低越好 | $5.1B | $539.5M |
| 股东权益账面价值 | $7.0B | $283.7M |
| 总资产 | $13.2B | $1.5B |
| 负债/权益比越低杠杆越低 | 0.72× | 1.90× |
8季度趋势，按日历期对齐
现金及短期投资AMHCSGS
| Q4 25 | $108.5M | $180.0M | ||
| Q3 25 | $45.6M | $158.4M | ||
| Q2 25 | $323.3M | $145.9M | ||
| Q1 25 | $69.7M | $136.0M | ||
| Q4 24 | $199.4M | $161.8M | ||
| Q3 24 | $162.5M | $118.4M | ||
| Q2 24 | $718.4M | $110.4M | ||
| Q1 24 | $124.8M | $120.8M |
总债务AMHCSGS
| Q4 25 | $5.1B | $539.5M | ||
| Q3 25 | $4.8B | $538.6M | ||
| Q2 25 | $5.2B | $537.8M | ||
| Q1 25 | $4.9B | $537.6M | ||
| Q4 24 | $5.0B | $538.5M | ||
| Q3 24 | $4.5B | $539.5M | ||
| Q2 24 | $5.0B | $540.5M | ||
| Q1 24 | $4.5B | $541.5M |
股东权益AMHCSGS
| Q4 25 | $7.0B | $283.7M | ||
| Q3 25 | $7.2B | $289.5M | ||
| Q2 25 | $7.2B | $290.7M | ||
| Q1 25 | $7.2B | $283.1M | ||
| Q4 24 | $7.2B | $282.6M | ||
| Q3 24 | $7.0B | $288.4M | ||
| Q2 24 | $7.0B | $273.3M | ||
| Q1 24 | $7.0B | $269.3M |
总资产AMHCSGS
| Q4 25 | $13.2B | $1.5B | ||
| Q3 25 | $13.3B | $1.5B | ||
| Q2 25 | $13.6B | $1.4B | ||
| Q1 25 | $13.3B | $1.4B | ||
| Q4 24 | $13.4B | $1.5B | ||
| Q3 24 | $12.8B | $1.4B | ||
| Q2 24 | $13.3B | $1.4B | ||
| Q1 24 | $12.8B | $1.3B |
负债/权益比AMHCSGS
| Q4 25 | 0.72× | 1.90× | ||
| Q3 25 | 0.68× | 1.86× | ||
| Q2 25 | 0.72× | 1.85× | ||
| Q1 25 | 0.69× | 1.90× | ||
| Q4 24 | 0.70× | 1.91× | ||
| Q3 24 | 0.64× | 1.87× | ||
| Q2 24 | 0.71× | 1.98× | ||
| Q1 24 | 0.64× | 2.01× |
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 | $59.2M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $55.8M |
| 自由现金流率自由现金流/营收 | 181.0% | 17.3% |
| 资本支出强度资本支出/营收 | 8.9% | 1.1% |
| 现金转化率经营现金流/净利润 | 5.99× | 8.46× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $141.4M |
8季度趋势，按日历期对齐
经营现金流AMHCSGS
| Q4 25 | $864.3M | $59.2M | ||
| Q3 25 | $223.3M | $47.9M | ||
| Q2 25 | $271.9M | $37.3M | ||
| Q1 25 | $223.4M | $11.5M | ||
| Q4 24 | $811.5M | $82.5M | ||
| Q3 24 | $233.6M | $39.5M | ||
| Q2 24 | $274.0M | $43.1M | ||
| Q1 24 | $201.8M | $-29.4M |
自由现金流AMHCSGS
| Q4 25 | $823.7M | $55.8M | ||
| Q3 25 | $214.5M | $43.9M | ||
| Q2 25 | $257.7M | $34.6M | ||
| Q1 25 | $215.9M | $7.1M | ||
| Q4 24 | $777.5M | $76.6M | ||
| Q3 24 | $225.3M | $32.0M | ||
| Q2 24 | $263.3M | $38.8M | ||
| Q1 24 | $191.0M | $-34.1M |
自由现金流率AMHCSGS
| Q4 25 | 181.0% | 17.3% | ||
| Q3 25 | 44.8% | 14.5% | ||
| Q2 25 | 56.3% | 11.6% | ||
| Q1 25 | 47.0% | 2.4% | ||
| Q4 24 | 178.1% | 24.2% | ||
| Q3 24 | 50.6% | 10.8% | ||
| Q2 24 | 62.2% | 13.4% | ||
| Q1 24 | 45.1% | -11.6% |
资本支出强度AMHCSGS
| Q4 25 | 8.9% | 1.1% | ||
| Q3 25 | 1.8% | 1.3% | ||
| Q2 25 | 3.1% | 0.9% | ||
| Q1 25 | 1.6% | 1.5% | ||
| Q4 24 | 7.8% | 1.9% | ||
| Q3 24 | 1.9% | 2.5% | ||
| Q2 24 | 2.5% | 1.5% | ||
| Q1 24 | 2.6% | 1.6% |
现金转化率AMHCSGS
| Q4 25 | 5.99× | 8.46× | ||
| Q3 25 | 1.91× | 2.34× | ||
| Q2 25 | 2.20× | 3.04× | ||
| Q1 25 | 1.74× | 0.71× | ||
| Q4 24 | 5.64× | 2.39× | ||
| Q3 24 | 2.67× | 2.07× | ||
| Q2 24 | 2.52× | 3.12× | ||
| Q1 24 | 1.58× | -1.51× |
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
CSGS
| Software As A Service And Related Solutions | $287.2M | 89% |
| License And Service | $22.6M | 7% |
| Maintenance | $13.3M | 4% |
