vs
American Homes 4 Rent（AMH）与EAGLE MATERIALS INC（EXP）财务数据对比。点击上方公司名可切换其他公司
EAGLE MATERIALS INC的季度营收约是American Homes 4 Rent的1.2倍（$556.0M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 18.5%，领先13.2%），American Homes 4 Rent同比增速更快（4.2% vs -0.4%），American Homes 4 Rent自由现金流更多（$823.7M vs $60.8M），过去两年EAGLE MATERIALS INC的营收复合增速更高（8.0% 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。
Eagle Materials Inc.是总部位于美国得克萨斯州达拉斯的建筑材料生产企业，主营产品包括水泥、混凝土、建筑骨料、石膏、墙板、纸板以及水力压裂作业专用砂，产品广泛应用于建筑施工、能源开发等多个领域。
AMH vs EXP — 直观对比
营收规模更大
EXP
是对方的1.2倍
$455.0M
营收增速更快
AMH
高出4.6%
-0.4%
净利率更高
AMH
高出13.2%
18.5%
自由现金流更多
AMH
多$762.9M
$60.8M
两年增速更快
EXP
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $556.0M |
| 净利润 | $144.3M | $102.9M |
| 毛利率 | — | 28.9% |
| 营业利润率 | — | — |
| 净利率 | 31.7% | 18.5% |
| 营收同比 | 4.2% | -0.4% |
| 净利润同比 | 0.3% | -13.9% |
| 每股收益（稀释后） | $0.33 | $3.22 |
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AMHEXP
| Q4 25 | $455.0M | $556.0M | ||
| Q3 25 | $478.5M | $638.9M | ||
| Q2 25 | $457.5M | $634.7M | ||
| Q1 25 | $459.3M | $470.2M | ||
| Q4 24 | $436.6M | $558.0M | ||
| Q3 24 | $445.1M | $623.6M | ||
| Q2 24 | $423.5M | $608.7M | ||
| Q1 24 | $423.6M | $476.7M |
净利润AMHEXP
| Q4 25 | $144.3M | $102.9M | ||
| Q3 25 | $116.8M | $137.4M | ||
| Q2 25 | $123.6M | $123.4M | ||
| Q1 25 | $128.7M | $66.5M | ||
| Q4 24 | $143.9M | $119.6M | ||
| Q3 24 | $87.6M | $143.5M | ||
| Q2 24 | $108.5M | $133.8M | ||
| Q1 24 | $128.1M | $77.1M |
毛利率AMHEXP
| Q4 25 | — | 28.9% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 29.2% | ||
| Q1 25 | — | 22.2% | ||
| Q4 24 | — | 31.9% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | — | 30.7% | ||
| Q1 24 | — | 25.1% |
营业利润率AMHEXP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 32.0% | ||
| Q1 24 | — | 26.9% |
净利率AMHEXP
| Q4 25 | 31.7% | 18.5% | ||
| Q3 25 | 24.4% | 21.5% | ||
| Q2 25 | 27.0% | 19.4% | ||
| Q1 25 | 28.0% | 14.1% | ||
| Q4 24 | 33.0% | 21.4% | ||
| Q3 24 | 19.7% | 23.0% | ||
| Q2 24 | 25.6% | 22.0% | ||
| Q1 24 | 30.2% | 16.2% |
每股收益（稀释后）AMHEXP
| Q4 25 | $0.33 | $3.22 | ||
| Q3 25 | $0.27 | $4.23 | ||
| Q2 25 | $0.28 | $3.76 | ||
| Q1 25 | $0.30 | $2.01 | ||
| Q4 24 | $0.33 | $3.56 | ||
| Q3 24 | $0.20 | $4.26 | ||
| Q2 24 | $0.25 | $3.94 | ||
| Q1 24 | $0.30 | $2.23 |
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 | $419.0M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $1.5B |
| 总资产 | $13.2B | $3.8B |
| 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AMHEXP
| Q4 25 | $108.5M | $419.0M | ||
| Q3 25 | $45.6M | $35.0M | ||
| Q2 25 | $323.3M | $59.7M | ||
| Q1 25 | $69.7M | $20.4M | ||
| Q4 24 | $199.4M | $31.2M | ||
| Q3 24 | $162.5M | $93.9M | ||
| Q2 24 | $718.4M | $46.5M | ||
| Q1 24 | $124.8M | $34.9M |
总债务AMHEXP
| Q4 25 | $5.1B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $5.2B | — | ||
| Q1 25 | $4.9B | $1.2B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.0B | — | ||
| Q1 24 | $4.5B | $1.1B |
股东权益AMHEXP
| Q4 25 | $7.0B | $1.5B | ||
| Q3 25 | $7.2B | $1.5B | ||
| Q2 25 | $7.2B | $1.5B | ||
| Q1 25 | $7.2B | $1.5B | ||
| Q4 24 | $7.2B | $1.5B | ||
| Q3 24 | $7.0B | $1.4B | ||
| Q2 24 | $7.0B | $1.4B | ||
| Q1 24 | $7.0B | $1.3B |
总资产AMHEXP
| Q4 25 | $13.2B | $3.8B | ||
| Q3 25 | $13.3B | $3.4B | ||
| Q2 25 | $13.6B | $3.4B | ||
| Q1 25 | $13.3B | $3.3B | ||
| Q4 24 | $13.4B | $3.0B | ||
| Q3 24 | $12.8B | $3.1B | ||
| Q2 24 | $13.3B | $3.0B | ||
| Q1 24 | $12.8B | $2.9B |
负债/权益比AMHEXP
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.68× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.69× | 0.86× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.64× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.64× | 0.84× |
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 | $170.8M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $60.8M |
| 自由现金流率自由现金流/营收 | 181.0% | 10.9% |
| 资本支出强度资本支出/营收 | 8.9% | 19.8% |
| 现金转化率经营现金流/净利润 | 5.99× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $231.8M |
8季度趋势，按日历期对齐
经营现金流AMHEXP
| Q4 25 | $864.3M | $170.8M | ||
| Q3 25 | $223.3M | $204.6M | ||
| Q2 25 | $271.9M | $136.6M | ||
| Q1 25 | $223.4M | $62.8M | ||
| Q4 24 | $811.5M | $119.9M | ||
| Q3 24 | $233.6M | $233.3M | ||
| Q2 24 | $274.0M | $132.6M | ||
| Q1 24 | $201.8M | $63.4M |
自由现金流AMHEXP
| Q4 25 | $823.7M | $60.8M | ||
| Q3 25 | $214.5M | $96.1M | ||
| Q2 25 | $257.7M | $60.5M | ||
| Q1 25 | $215.9M | $14.5M | ||
| Q4 24 | $777.5M | $72.5M | ||
| Q3 24 | $225.3M | $166.8M | ||
| Q2 24 | $263.3M | $99.5M | ||
| Q1 24 | $191.0M | $30.9M |
自由现金流率AMHEXP
| Q4 25 | 181.0% | 10.9% | ||
| Q3 25 | 44.8% | 15.0% | ||
| Q2 25 | 56.3% | 9.5% | ||
| Q1 25 | 47.0% | 3.1% | ||
| Q4 24 | 178.1% | 13.0% | ||
| Q3 24 | 50.6% | 26.7% | ||
| Q2 24 | 62.2% | 16.3% | ||
| Q1 24 | 45.1% | 6.5% |
资本支出强度AMHEXP
| Q4 25 | 8.9% | 19.8% | ||
| Q3 25 | 1.8% | 17.0% | ||
| Q2 25 | 3.1% | 12.0% | ||
| Q1 25 | 1.6% | 10.3% | ||
| Q4 24 | 7.8% | 8.5% | ||
| Q3 24 | 1.9% | 10.7% | ||
| Q2 24 | 2.5% | 5.4% | ||
| Q1 24 | 2.6% | 6.8% |
现金转化率AMHEXP
| Q4 25 | 5.99× | 1.66× | ||
| Q3 25 | 1.91× | 1.49× | ||
| Q2 25 | 2.20× | 1.11× | ||
| Q1 25 | 1.74× | 0.94× | ||
| Q4 24 | 5.64× | 1.00× | ||
| Q3 24 | 2.67× | 1.63× | ||
| Q2 24 | 2.52× | 0.99× | ||
| Q1 24 | 1.58× | 0.82× |
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
EXP
| External Customers | $283.5M | 51% |
| Gypsum Wallboard | $175.9M | 32% |
| Recycled Paperboard | $47.8M | 9% |
| Corporate Joint Venture | $29.4M | 5% |
| Other | $11.8M | 2% |
| Western Pennsylvania Acquisition | $7.6M | 1% |
