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American Homes 4 Rent（AMH）与FirstCash Holdings, Inc.（FCFS）财务数据对比。点击上方公司名可切换其他公司
FirstCash Holdings, Inc.的季度营收约是American Homes 4 Rent的1.1倍（$501.3M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 20.8%，领先10.9%），FirstCash Holdings, Inc.同比增速更快（21.2% vs 4.2%），过去两年FirstCash Holdings, Inc.的营收复合增速更高（16.9% 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。
FirstCash Holdings, Inc.是总部位于美国得克萨斯州沃斯堡的典当企业，在美国及拉丁美洲多地运营线下典当零售门店，为纳斯达克证券交易所公开上市企业，在美洲典当服务领域拥有成熟的业务布局与完善的运营网络。
AMH vs FCFS — 直观对比
营收规模更大
FCFS
是对方的1.1倍
$455.0M
营收增速更快
FCFS
高出17.0%
4.2%
净利率更高
AMH
高出10.9%
20.8%
两年增速更快
FCFS
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $501.3M |
| 净利润 | $144.3M | $104.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 28.5% |
| 净利率 | 31.7% | 20.8% |
| 营收同比 | 4.2% | 21.2% |
| 净利润同比 | 0.3% | 24.7% |
| 每股收益（稀释后） | $0.33 | $2.35 |
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AMHFCFS
| Q4 25 | $455.0M | $501.3M | ||
| Q3 25 | $478.5M | $411.0M | ||
| Q2 25 | $457.5M | $385.1M | ||
| Q1 25 | $459.3M | $371.1M | ||
| Q4 24 | $436.6M | $413.7M | ||
| Q3 24 | $445.1M | $363.1M | ||
| Q2 24 | $423.5M | $363.5M | ||
| Q1 24 | $423.6M | $366.8M |
净利润AMHFCFS
| Q4 25 | $144.3M | $104.2M | ||
| Q3 25 | $116.8M | $82.8M | ||
| Q2 25 | $123.6M | $59.8M | ||
| Q1 25 | $128.7M | $83.6M | ||
| Q4 24 | $143.9M | $83.5M | ||
| Q3 24 | $87.6M | $64.8M | ||
| Q2 24 | $108.5M | $49.1M | ||
| Q1 24 | $128.1M | $61.4M |
营业利润率AMHFCFS
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 27.4% | ||
| Q2 25 | — | 21.1% | ||
| Q1 25 | — | 30.0% | ||
| Q4 24 | — | 26.5% | ||
| Q3 24 | — | 23.5% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | — | 22.3% |
净利率AMHFCFS
| Q4 25 | 31.7% | 20.8% | ||
| Q3 25 | 24.4% | 20.1% | ||
| Q2 25 | 27.0% | 15.5% | ||
| Q1 25 | 28.0% | 22.5% | ||
| Q4 24 | 33.0% | 20.2% | ||
| Q3 24 | 19.7% | 17.9% | ||
| Q2 24 | 25.6% | 13.5% | ||
| Q1 24 | 30.2% | 16.7% |
每股收益（稀释后）AMHFCFS
| Q4 25 | $0.33 | $2.35 | ||
| Q3 25 | $0.27 | $1.86 | ||
| Q2 25 | $0.28 | $1.34 | ||
| Q1 25 | $0.30 | $1.87 | ||
| Q4 24 | $0.33 | $1.86 | ||
| Q3 24 | $0.20 | $1.44 | ||
| Q2 24 | $0.25 | $1.08 | ||
| Q1 24 | $0.30 | $1.35 |
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 | $125.2M |
| 总债务越低越好 | $5.1B | $2.2B |
| 股东权益账面价值 | $7.0B | $2.3B |
| 总资产 | $13.2B | $5.3B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.98× |
8季度趋势，按日历期对齐
现金及短期投资AMHFCFS
| Q4 25 | $108.5M | $125.2M | ||
| Q3 25 | $45.6M | $130.2M | ||
| Q2 25 | $323.3M | $101.5M | ||
| Q1 25 | $69.7M | $146.0M | ||
| Q4 24 | $199.4M | $175.1M | ||
| Q3 24 | $162.5M | $106.3M | ||
| Q2 24 | $718.4M | $113.7M | ||
| Q1 24 | $124.8M | $135.1M |
总债务AMHFCFS
| Q4 25 | $5.1B | $2.2B | ||
| Q3 25 | $4.8B | $2.2B | ||
| Q2 25 | $5.2B | $1.7B | ||
| Q1 25 | $4.9B | $1.7B | ||
| Q4 24 | $5.0B | $1.7B | ||
| Q3 24 | $4.5B | $1.7B | ||
| Q2 24 | $5.0B | $1.7B | ||
| Q1 24 | $4.5B | $1.5B |
股东权益AMHFCFS
| Q4 25 | $7.0B | $2.3B | ||
| Q3 25 | $7.2B | $2.2B | ||
| Q2 25 | $7.2B | $2.1B | ||
| Q1 25 | $7.2B | $2.1B | ||
| Q4 24 | $7.2B | $2.1B | ||
| Q3 24 | $7.0B | $2.0B | ||
| Q2 24 | $7.0B | $2.0B | ||
| Q1 24 | $7.0B | $2.0B |
总资产AMHFCFS
| Q4 25 | $13.2B | $5.3B | ||
| Q3 25 | $13.3B | $5.2B | ||
| Q2 25 | $13.6B | $4.5B | ||
| Q1 25 | $13.3B | $4.4B | ||
| Q4 24 | $13.4B | $4.5B | ||
| Q3 24 | $12.8B | $4.4B | ||
| Q2 24 | $13.3B | $4.3B | ||
| Q1 24 | $12.8B | $4.2B |
负债/权益比AMHFCFS
| Q4 25 | 0.72× | 0.98× | ||
| Q3 25 | 0.68× | 1.01× | ||
| Q2 25 | 0.72× | 0.79× | ||
| Q1 25 | 0.69× | 0.83× | ||
| Q4 24 | 0.70× | 0.85× | ||
| Q3 24 | 0.64× | 0.87× | ||
| Q2 24 | 0.71× | 0.85× | ||
| Q1 24 | 0.64× | 0.75× |
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 | $206.6M |
| 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× | 1.98× |
| 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AMHFCFS
| Q4 25 | $864.3M | $206.6M | ||
| Q3 25 | $223.3M | $135.8M | ||
| Q2 25 | $271.9M | $116.9M | ||
| Q1 25 | $223.4M | $126.6M | ||
| Q4 24 | $811.5M | $198.1M | ||
| Q3 24 | $233.6M | $113.1M | ||
| Q2 24 | $274.0M | $106.2M | ||
| Q1 24 | $201.8M | $122.5M |
自由现金流AMHFCFS
| 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AMHFCFS
| 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AMHFCFS
| 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AMHFCFS
| Q4 25 | 5.99× | 1.98× | ||
| Q3 25 | 1.91× | 1.64× | ||
| Q2 25 | 2.20× | 1.95× | ||
| Q1 25 | 1.74× | 1.51× | ||
| Q4 24 | 5.64× | 2.37× | ||
| Q3 24 | 2.67× | 1.74× | ||
| Q2 24 | 2.52× | 2.16× | ||
| Q1 24 | 1.58× | 2.00× |
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
FCFS
| US Pawn Segment | $292.2M | 58% |
| Retail POS Payment Solutions | $209.8M | 42% |
