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American Homes 4 Rent（AMH）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
Dayforce的季度营收约是American Homes 4 Rent的1.1倍（$481.6M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs -40.9%，领先72.6%），Dayforce同比增速更快（9.5% vs 4.2%），过去两年Dayforce的营收复合增速更高（9.8% 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。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
AMH vs DAY — 直观对比
营收规模更大
DAY
是对方的1.1倍
$455.0M
营收增速更快
DAY
高出5.2%
4.2%
净利率更高
AMH
高出72.6%
-40.9%
两年增速更快
DAY
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $481.6M |
| 净利润 | $144.3M | $-196.8M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.3% |
| 净利率 | 31.7% | -40.9% |
| 营收同比 | 4.2% | 9.5% |
| 净利润同比 | 0.3% | -9940.0% |
| 每股收益（稀释后） | $0.33 | $-1.23 |
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AMHDAY
| Q4 25 | $455.0M | — | ||
| Q3 25 | $478.5M | $481.6M | ||
| Q2 25 | $457.5M | $464.7M | ||
| Q1 25 | $459.3M | $481.8M | ||
| Q4 24 | $436.6M | $465.2M | ||
| Q3 24 | $445.1M | $440.0M | ||
| Q2 24 | $423.5M | $423.3M | ||
| Q1 24 | $423.6M | $431.5M |
净利润AMHDAY
| Q4 25 | $144.3M | — | ||
| Q3 25 | $116.8M | $-196.8M | ||
| Q2 25 | $123.6M | $21.3M | ||
| Q1 25 | $128.7M | $14.9M | ||
| Q4 24 | $143.9M | $10.8M | ||
| Q3 24 | $87.6M | $2.0M | ||
| Q2 24 | $108.5M | $-1.8M | ||
| Q1 24 | $128.1M | $7.1M |
毛利率AMHDAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 47.0% | ||
| Q3 24 | — | 45.8% | ||
| Q2 24 | — | 44.1% | ||
| Q1 24 | — | 47.6% |
营业利润率AMHDAY
| Q4 25 | — | — | ||
| Q3 25 | — | 6.3% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 4.7% | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | 9.4% |
净利率AMHDAY
| Q4 25 | 31.7% | — | ||
| Q3 25 | 24.4% | -40.9% | ||
| Q2 25 | 27.0% | 4.6% | ||
| Q1 25 | 28.0% | 3.1% | ||
| Q4 24 | 33.0% | 2.3% | ||
| Q3 24 | 19.7% | 0.5% | ||
| Q2 24 | 25.6% | -0.4% | ||
| Q1 24 | 30.2% | 1.6% |
每股收益（稀释后）AMHDAY
| Q4 25 | $0.33 | — | ||
| Q3 25 | $0.27 | $-1.23 | ||
| Q2 25 | $0.28 | $0.13 | ||
| Q1 25 | $0.30 | $0.09 | ||
| Q4 24 | $0.33 | $0.07 | ||
| Q3 24 | $0.20 | $0.01 | ||
| Q2 24 | $0.25 | $-0.01 | ||
| Q1 24 | $0.30 | $0.04 |
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 | $627.6M |
| 总债务越低越好 | $5.1B | $631.1M |
| 股东权益账面价值 | $7.0B | $2.7B |
| 总资产 | $13.2B | $8.7B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资AMHDAY
| Q4 25 | $108.5M | — | ||
| Q3 25 | $45.6M | $627.6M | ||
| Q2 25 | $323.3M | $625.2M | ||
| Q1 25 | $69.7M | $557.3M | ||
| Q4 24 | $199.4M | $579.7M | ||
| Q3 24 | $162.5M | $494.1M | ||
| Q2 24 | $718.4M | $465.4M | ||
| Q1 24 | $124.8M | $392.5M |
总债务AMHDAY
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | $631.1M | ||
| Q2 25 | $5.2B | $631.8M | ||
| Q1 25 | $4.9B | $632.4M | ||
| Q4 24 | $5.0B | $1.2B | ||
| Q3 24 | $4.5B | $1.2B | ||
| Q2 24 | $5.0B | $1.2B | ||
| Q1 24 | $4.5B | $1.2B |
股东权益AMHDAY
| Q4 25 | $7.0B | — | ||
| Q3 25 | $7.2B | $2.7B | ||
| Q2 25 | $7.2B | $2.7B | ||
| Q1 25 | $7.2B | $2.6B | ||
| Q4 24 | $7.2B | $2.5B | ||
| Q3 24 | $7.0B | $2.6B | ||
| Q2 24 | $7.0B | $2.5B | ||
| Q1 24 | $7.0B | $2.4B |
总资产AMHDAY
| Q4 25 | $13.2B | — | ||
| Q3 25 | $13.3B | $8.7B | ||
| Q2 25 | $13.6B | $8.5B | ||
| Q1 25 | $13.3B | $9.5B | ||
| Q4 24 | $13.4B | $9.1B | ||
| Q3 24 | $12.8B | $8.1B | ||
| Q2 24 | $13.3B | $9.0B | ||
| Q1 24 | $12.8B | $10.8B |
负债/权益比AMHDAY
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | 0.23× | ||
| Q2 25 | 0.72× | 0.23× | ||
| Q1 25 | 0.69× | 0.24× | ||
| Q4 24 | 0.70× | 0.47× | ||
| Q3 24 | 0.64× | 0.47× | ||
| Q2 24 | 0.71× | 0.49× | ||
| Q1 24 | 0.64× | 0.50× |
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 | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | — |
| 自由现金流率自由现金流/营收 | 181.0% | — |
| 资本支出强度资本支出/营收 | 8.9% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流AMHDAY
| Q4 25 | $864.3M | — | ||
| Q3 25 | $223.3M | $31.2M | ||
| Q2 25 | $271.9M | $112.7M | ||
| Q1 25 | $223.4M | $49.6M | ||
| Q4 24 | $811.5M | $81.0M | ||
| Q3 24 | $233.6M | $91.8M | ||
| Q2 24 | $274.0M | $99.2M | ||
| Q1 24 | $201.8M | $9.1M |
自由现金流AMHDAY
| 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 | — | ||
| Q1 24 | $191.0M | — |
自由现金流率AMHDAY
| 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% | — | ||
| Q1 24 | 45.1% | — |
资本支出强度AMHDAY
| 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% | — | ||
| Q1 24 | 2.6% | — |
现金转化率AMHDAY
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | 5.29× | ||
| Q1 25 | 1.74× | 3.33× | ||
| Q4 24 | 5.64× | 7.50× | ||
| Q3 24 | 2.67× | 45.90× | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | 1.28× |
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
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
