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American Homes 4 Rent（AMH）与Diversified Energy Co（DEC）财务数据对比。点击上方公司名可切换其他公司
Diversified Energy Co的季度营收约是American Homes 4 Rent的1.5倍（$666.5M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 29.3%，领先2.4%），American Homes 4 Rent自由现金流更多（$823.7M vs $280.0M）
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。
DTE能源是一家总部位于底特律的综合能源企业，在美国与加拿大开展能源相关业务的开发与运营。公司业务板块涵盖电力与燃气公用事业，其中电力业务为密歇根州220万客户服务，燃气业务则服务于该州130万客户。
AMH vs DEC — 直观对比
营收规模更大
DEC
是对方的1.5倍
$455.0M
净利率更高
AMH
高出2.4%
29.3%
自由现金流更多
AMH
多$543.7M
$280.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $666.5M |
| 净利润 | $144.3M | $195.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 37.6% |
| 净利率 | 31.7% | 29.3% |
| 营收同比 | 4.2% | — |
| 净利润同比 | 0.3% | — |
| 每股收益（稀释后） | $0.33 | — |
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AMHDEC
| Q4 25 | $455.0M | $666.5M | ||
| Q3 25 | $478.5M | $499.8M | ||
| Q2 25 | $457.5M | $600.3M | ||
| Q1 25 | $459.3M | — | ||
| Q4 24 | $436.6M | — | ||
| Q3 24 | $445.1M | — | ||
| Q2 24 | $423.5M | — | ||
| Q1 24 | $423.6M | — |
净利润AMHDEC
| Q4 25 | $144.3M | $195.5M | ||
| Q3 25 | $116.8M | $171.1M | ||
| Q2 25 | $123.6M | $297.7M | ||
| Q1 25 | $128.7M | — | ||
| Q4 24 | $143.9M | — | ||
| Q3 24 | $87.6M | — | ||
| Q2 24 | $108.5M | — | ||
| Q1 24 | $128.1M | — |
毛利率AMHDEC
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率AMHDEC
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 36.2% | ||
| Q2 25 | — | 48.5% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
净利率AMHDEC
| Q4 25 | 31.7% | 29.3% | ||
| Q3 25 | 24.4% | 34.2% | ||
| Q2 25 | 27.0% | 49.6% | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 33.0% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 25.6% | — | ||
| Q1 24 | 30.2% | — |
每股收益（稀释后）AMHDEC
| Q4 25 | $0.33 | — | ||
| Q3 25 | $0.27 | $2.14 | ||
| Q2 25 | $0.28 | $3.67 | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.33 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.30 | — |
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 | $29.7M |
| 总债务越低越好 | $5.1B | $2.7B |
| 股东权益账面价值 | $7.0B | $984.1M |
| 总资产 | $13.2B | $6.2B |
| 负债/权益比越低杠杆越低 | 0.72× | 2.76× |
8季度趋势，按日历期对齐
现金及短期投资AMHDEC
| Q4 25 | $108.5M | $29.7M | ||
| Q3 25 | $45.6M | — | ||
| Q2 25 | $323.3M | $23.7M | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | — | ||
| Q3 24 | $162.5M | — | ||
| Q2 24 | $718.4M | — | ||
| Q1 24 | $124.8M | — |
总债务AMHDEC
| Q4 25 | $5.1B | $2.7B | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.5B | — |
股东权益AMHDEC
| Q4 25 | $7.0B | $984.1M | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $7.2B | $727.7M | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $7.0B | — |
总资产AMHDEC
| Q4 25 | $13.2B | $6.2B | ||
| Q3 25 | $13.3B | — | ||
| Q2 25 | $13.6B | $5.7B | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $13.4B | — | ||
| Q3 24 | $12.8B | — | ||
| Q2 24 | $13.3B | — | ||
| Q1 24 | $12.8B | — |
负债/权益比AMHDEC
| Q4 25 | 0.72× | 2.76× | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.64× | — |
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 | $464.6M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $280.0M |
| 自由现金流率自由现金流/营收 | 181.0% | 42.0% |
| 资本支出强度资本支出/营收 | 8.9% | 27.7% |
| 现金转化率经营现金流/净利润 | 5.99× | 2.38× |
| 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AMHDEC
| Q4 25 | $864.3M | $464.6M | ||
| Q3 25 | $223.3M | — | ||
| Q2 25 | $271.9M | $264.1M | ||
| Q1 25 | $223.4M | — | ||
| Q4 24 | $811.5M | — | ||
| Q3 24 | $233.6M | — | ||
| Q2 24 | $274.0M | — | ||
| Q1 24 | $201.8M | — |
自由现金流AMHDEC
| Q4 25 | $823.7M | $280.0M | ||
| 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AMHDEC
| Q4 25 | 181.0% | 42.0% | ||
| 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AMHDEC
| Q4 25 | 8.9% | 27.7% | ||
| 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AMHDEC
| Q4 25 | 5.99× | 2.38× | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | 0.89× | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | — | ||
| 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
