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American Homes 4 Rent（AMH）与Healthpeak Properties（DOC）财务数据对比。点击上方公司名可切换其他公司
Healthpeak Properties的季度营收约是American Homes 4 Rent的1.6倍（$719.4M vs $455.0M），Healthpeak Properties净利率更高（73.2% vs 31.7%，领先41.5%），American Homes 4 Rent同比增速更快（4.2% vs 3.1%），American Homes 4 Rent自由现金流更多（$823.7M vs $357.0M），过去两年Healthpeak Properties的营收复合增速更高（8.9% 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。
Healthpeak Properties是美国医疗地产领域的房地产投资信托基金，核心投资范畴覆盖老年住宅、生命科学相关物业及医疗办公楼三类资产。公司2007年于马里兰州组建，总部设在科罗拉多州丹佛市，在尔湾、纳什维尔、旧金山均设有办事处，截至2019年12月31日共持有617处物业的权益。
AMH vs DOC — 直观对比
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $719.4M |
| 净利润 | $144.3M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 17.4% |
| 净利率 | 31.7% | 73.2% |
| 营收同比 | 4.2% | 3.1% |
| 净利润同比 | 0.3% | 2406.4% |
| 每股收益（稀释后） | $0.33 | $0.16 |
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 | $719.4M | ||
| Q3 25 | $478.5M | $705.9M | ||
| Q2 25 | $457.5M | $694.3M | ||
| Q1 25 | $459.3M | $702.9M | ||
| Q4 24 | $436.6M | $698.0M | ||
| Q3 24 | $445.1M | $700.4M | ||
| Q2 24 | $423.5M | $695.5M | ||
| Q1 24 | $423.6M | $606.6M |
| Q4 25 | $144.3M | $114.0M | ||
| Q3 25 | $116.8M | $-117.1M | ||
| Q2 25 | $123.6M | $31.7M | ||
| Q1 25 | $128.7M | $42.8M | ||
| Q4 24 | $143.9M | $4.5M | ||
| Q3 24 | $87.6M | $85.9M | ||
| Q2 24 | $108.5M | $146.0M | ||
| Q1 24 | $128.1M | $6.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 58.6% | ||
| Q2 25 | — | 60.2% | ||
| Q1 25 | — | 61.1% | ||
| Q4 24 | — | 60.3% | ||
| Q3 24 | — | 60.0% | ||
| Q2 24 | — | 60.6% | ||
| Q1 24 | — | 59.8% |
| Q4 25 | — | 17.4% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | 7.7% | ||
| Q4 24 | — | -2.2% | ||
| Q3 24 | — | 14.1% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | 31.7% | 73.2% | ||
| Q3 25 | 24.4% | -16.6% | ||
| Q2 25 | 27.0% | 4.6% | ||
| Q1 25 | 28.0% | 6.1% | ||
| Q4 24 | 33.0% | 0.7% | ||
| Q3 24 | 19.7% | 12.3% | ||
| Q2 24 | 25.6% | 21.0% | ||
| Q1 24 | 30.2% | 1.1% |
| Q4 25 | $0.33 | $0.16 | ||
| Q3 25 | $0.27 | $-0.17 | ||
| Q2 25 | $0.28 | $0.05 | ||
| Q1 25 | $0.30 | $0.06 | ||
| Q4 24 | $0.33 | $0.02 | ||
| Q3 24 | $0.20 | $0.12 | ||
| Q2 24 | $0.25 | $0.21 | ||
| Q1 24 | $0.30 | $0.01 |
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 | $467.5M |
| 总债务越低越好 | $5.1B | $9.8B |
| 股东权益账面价值 | $7.0B | $7.5B |
| 总资产 | $13.2B | $20.3B |
| 负债/权益比越低杠杆越低 | 0.72× | 1.31× |
8季度趋势，按日历期对齐
| Q4 25 | $108.5M | $467.5M | ||
| Q3 25 | $45.6M | $91.0M | ||
| Q2 25 | $323.3M | $89.4M | ||
| Q1 25 | $69.7M | $70.6M | ||
| Q4 24 | $199.4M | $119.8M | ||
| Q3 24 | $162.5M | $180.4M | ||
| Q2 24 | $718.4M | $106.9M | ||
| Q1 24 | $124.8M | $101.8M |
| Q4 25 | $5.1B | $9.8B | ||
| Q3 25 | $4.8B | $9.1B | ||
| Q2 25 | $5.2B | $9.0B | ||
| Q1 25 | $4.9B | $8.9B | ||
| Q4 24 | $5.0B | $8.7B | ||
| Q3 24 | $4.5B | $8.6B | ||
| Q2 24 | $5.0B | $8.6B | ||
| Q1 24 | $4.5B | $8.8B |
| Q4 25 | $7.0B | $7.5B | ||
| Q3 25 | $7.2B | $7.6B | ||
| Q2 25 | $7.2B | $7.9B | ||
| Q1 25 | $7.2B | $8.2B | ||
| Q4 24 | $7.2B | $8.4B | ||
| Q3 24 | $7.0B | $8.6B | ||
| Q2 24 | $7.0B | $8.8B | ||
| Q1 24 | $7.0B | $8.9B |
| Q4 25 | $13.2B | $20.3B | ||
| Q3 25 | $13.3B | $19.6B | ||
| Q2 25 | $13.6B | $19.8B | ||
| Q1 25 | $13.3B | $19.8B | ||
| Q4 24 | $13.4B | $19.9B | ||
| Q3 24 | $12.8B | $20.0B | ||
| Q2 24 | $13.3B | $20.2B | ||
| Q1 24 | $12.8B | $20.5B |
| Q4 25 | 0.72× | 1.31× | ||
| Q3 25 | 0.68× | 1.20× | ||
| Q2 25 | 0.72× | 1.14× | ||
| Q1 25 | 0.69× | 1.08× | ||
| Q4 24 | 0.70× | 1.04× | ||
| Q3 24 | 0.64× | 1.00× | ||
| Q2 24 | 0.71× | 0.98× | ||
| Q1 24 | 0.64× | 0.99× |
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 | $1.3B |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $357.0M |
| 自由现金流率自由现金流/营收 | 181.0% | 49.6% |
| 资本支出强度资本支出/营收 | 8.9% | 124.4% |
| 现金转化率经营现金流/净利润 | 5.99× | 10.99× |
| 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
| Q4 25 | $864.3M | $1.3B | ||
| Q3 25 | $223.3M | $315.0M | ||
| Q2 25 | $271.9M | $363.5M | ||
| Q1 25 | $223.4M | $279.4M | ||
| Q4 24 | $811.5M | $1.1B | ||
| Q3 24 | $233.6M | $318.2M | ||
| Q2 24 | $274.0M | $316.2M | ||
| Q1 24 | $201.8M | $152.6M |
| Q4 25 | $823.7M | $357.0M | ||
| Q3 25 | $214.5M | — | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $215.9M | — | ||
| Q4 24 | $777.5M | $333.7M | ||
| Q3 24 | $225.3M | — | ||
| Q2 24 | $263.3M | — | ||
| Q1 24 | $191.0M | — |
| Q4 25 | 181.0% | 49.6% | ||
| Q3 25 | 44.8% | — | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 47.0% | — | ||
| Q4 24 | 178.1% | 47.8% | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 62.2% | — | ||
| Q1 24 | 45.1% | — |
| Q4 25 | 8.9% | 124.4% | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 1.6% | — | ||
| Q4 24 | 7.8% | 105.6% | ||
| Q3 24 | 1.9% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 2.6% | — |
| Q4 25 | 5.99× | 10.99× | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | 11.48× | ||
| Q1 25 | 1.74× | 6.52× | ||
| Q4 24 | 5.64× | 235.43× | ||
| Q3 24 | 2.67× | 3.71× | ||
| Q2 24 | 2.52× | 2.17× | ||
| Q1 24 | 1.58× | 22.85× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
