vs
American Homes 4 Rent（AMH）与DOCUSIGN, INC.（DOCU）财务数据对比。点击上方公司名可切换其他公司
DOCUSIGN, INC.的季度营收约是American Homes 4 Rent的1.8倍（$818.4M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 10.2%，领先21.5%），DOCUSIGN, INC.同比增速更快（8.4% vs 4.2%），American Homes 4 Rent自由现金流更多（$823.7M vs $262.9M）
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。
DocuSign是总部位于美国加利福尼亚州旧金山的软件企业，为各类机构提供多设备支持的电子协议管理及电子签名相关产品。截至2025年，公司在180个国家拥有约170万客户，其处理的签名符合美国ESIGN法案、欧盟eIDAS法规要求，满足欧盟高级及合格签名标准。
AMH vs DOCU — 直观对比
营收规模更大
DOCU
是对方的1.8倍
$455.0M
营收增速更快
DOCU
高出4.2%
4.2%
净利率更高
AMH
高出21.5%
10.2%
自由现金流更多
AMH
多$560.8M
$262.9M
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $818.4M |
| 净利润 | $144.3M | $83.7M |
| 毛利率 | — | 79.2% |
| 营业利润率 | — | 10.4% |
| 净利率 | 31.7% | 10.2% |
| 营收同比 | 4.2% | 8.4% |
| 净利润同比 | 0.3% | 34.1% |
| 每股收益（稀释后） | $0.33 | $0.40 |
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AMHDOCU
| Q4 25 | $455.0M | $818.4M | ||
| Q3 25 | $478.5M | $800.6M | ||
| Q2 25 | $457.5M | $763.7M | ||
| Q1 25 | $459.3M | — | ||
| Q4 24 | $436.6M | — | ||
| Q3 24 | $445.1M | — | ||
| Q2 24 | $423.5M | — | ||
| Q1 24 | $423.6M | — |
净利润AMHDOCU
| Q4 25 | $144.3M | $83.7M | ||
| Q3 25 | $116.8M | $63.0M | ||
| Q2 25 | $123.6M | $72.1M | ||
| Q1 25 | $128.7M | — | ||
| Q4 24 | $143.9M | — | ||
| Q3 24 | $87.6M | — | ||
| Q2 24 | $108.5M | — | ||
| Q1 24 | $128.1M | — |
毛利率AMHDOCU
| Q4 25 | — | 79.2% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 79.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
营业利润率AMHDOCU
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 7.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
净利率AMHDOCU
| Q4 25 | 31.7% | 10.2% | ||
| Q3 25 | 24.4% | 7.9% | ||
| Q2 25 | 27.0% | 9.4% | ||
| 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）AMHDOCU
| Q4 25 | $0.33 | $0.40 | ||
| Q3 25 | $0.27 | $0.30 | ||
| Q2 25 | $0.28 | $0.34 | ||
| 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 | $583.3M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $2.0B |
| 总资产 | $13.2B | $4.0B |
| 负债/权益比越低杠杆越低 | 0.72× | — |
8季度趋势，按日历期对齐
现金及短期投资AMHDOCU
| Q4 25 | $108.5M | $583.3M | ||
| Q3 25 | $45.6M | $600.0M | ||
| Q2 25 | $323.3M | $657.4M | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | — | ||
| Q3 24 | $162.5M | — | ||
| Q2 24 | $718.4M | — | ||
| Q1 24 | $124.8M | — |
总债务AMHDOCU
| Q4 25 | $5.1B | — | ||
| 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AMHDOCU
| Q4 25 | $7.0B | $2.0B | ||
| Q3 25 | $7.2B | $2.0B | ||
| Q2 25 | $7.2B | $2.0B | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.2B | — | ||
| Q3 24 | $7.0B | — | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $7.0B | — |
总资产AMHDOCU
| Q4 25 | $13.2B | $4.0B | ||
| Q3 25 | $13.3B | $3.9B | ||
| Q2 25 | $13.6B | $3.9B | ||
| 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AMHDOCU
| Q4 25 | 0.72× | — | ||
| 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 | $290.3M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $262.9M |
| 自由现金流率自由现金流/营收 | 181.0% | 32.1% |
| 资本支出强度资本支出/营收 | 8.9% | 3.3% |
| 现金转化率经营现金流/净利润 | 5.99× | 3.47× |
| 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AMHDOCU
| Q4 25 | $864.3M | $290.3M | ||
| Q3 25 | $223.3M | $246.1M | ||
| Q2 25 | $271.9M | $251.4M | ||
| 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AMHDOCU
| Q4 25 | $823.7M | $262.9M | ||
| Q3 25 | $214.5M | $217.6M | ||
| Q2 25 | $257.7M | $227.8M | ||
| 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AMHDOCU
| Q4 25 | 181.0% | 32.1% | ||
| Q3 25 | 44.8% | 27.2% | ||
| Q2 25 | 56.3% | 29.8% | ||
| 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AMHDOCU
| Q4 25 | 8.9% | 3.3% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 3.1% | 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AMHDOCU
| Q4 25 | 5.99× | 3.47× | ||
| Q3 25 | 1.91× | 3.91× | ||
| Q2 25 | 2.20× | 3.49× | ||
| 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
业务分部营收拆解
AMH
暂无分部数据
DOCU
| Subscription And Circulation | $801.0M | 98% |
| Professional Services And Other | $17.4M | 2% |
