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American Homes 4 Rent（AMH）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
American Homes 4 Rent的季度营收约是Forestar Group Inc.的1.7倍（$455.0M vs $273.0M），American Homes 4 Rent净利率更高（31.7% vs 5.6%，领先26.1%），Forestar Group Inc.同比增速更快（9.0% vs 4.2%），American Homes 4 Rent自由现金流更多（$823.7M vs $-157.1M），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs -9.6%）
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。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
AMH vs FOR — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $273.0M |
| 净利润 | $144.3M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | — | 7.6% |
| 净利率 | 31.7% | 5.6% |
| 营收同比 | 4.2% | 9.0% |
| 净利润同比 | 0.3% | -6.7% |
| 每股收益（稀释后） | $0.33 | $0.30 |
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 | $273.0M | ||
| Q3 25 | $478.5M | $670.5M | ||
| Q2 25 | $457.5M | $390.5M | ||
| Q1 25 | $459.3M | $351.0M | ||
| Q4 24 | $436.6M | $250.4M | ||
| Q3 24 | $445.1M | $551.3M | ||
| Q2 24 | $423.5M | $318.4M | ||
| Q1 24 | $423.6M | $333.8M |
| Q4 25 | $144.3M | $15.4M | ||
| Q3 25 | $116.8M | $86.9M | ||
| Q2 25 | $123.6M | $32.9M | ||
| Q1 25 | $128.7M | $31.6M | ||
| Q4 24 | $143.9M | $16.5M | ||
| Q3 24 | $87.6M | $81.5M | ||
| Q2 24 | $108.5M | $38.7M | ||
| Q1 24 | $128.1M | $45.0M |
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | — | 19.7% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | — | 17.6% |
| Q4 25 | 31.7% | 5.6% | ||
| Q3 25 | 24.4% | 13.0% | ||
| Q2 25 | 27.0% | 8.4% | ||
| Q1 25 | 28.0% | 9.0% | ||
| Q4 24 | 33.0% | 6.6% | ||
| Q3 24 | 19.7% | 14.8% | ||
| Q2 24 | 25.6% | 12.2% | ||
| Q1 24 | 30.2% | 13.5% |
| Q4 25 | $0.33 | $0.30 | ||
| Q3 25 | $0.27 | $1.70 | ||
| Q2 25 | $0.28 | $0.65 | ||
| Q1 25 | $0.30 | $0.62 | ||
| Q4 24 | $0.33 | $0.32 | ||
| Q3 24 | $0.20 | $1.59 | ||
| Q2 24 | $0.25 | $0.76 | ||
| Q1 24 | $0.30 | $0.89 |
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 | $211.7M |
| 总债务越低越好 | $5.1B | $793.2M |
| 股东权益账面价值 | $7.0B | $1.8B |
| 总资产 | $13.2B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.44× |
8季度趋势，按日历期对齐
| Q4 25 | $108.5M | $211.7M | ||
| Q3 25 | $45.6M | $379.2M | ||
| Q2 25 | $323.3M | $189.2M | ||
| Q1 25 | $69.7M | $174.3M | ||
| Q4 24 | $199.4M | $132.0M | ||
| Q3 24 | $162.5M | $481.2M | ||
| Q2 24 | $718.4M | $359.2M | ||
| Q1 24 | $124.8M | $416.2M |
| Q4 25 | $5.1B | $793.2M | ||
| Q3 25 | $4.8B | $802.7M | ||
| Q2 25 | $5.2B | $872.8M | ||
| Q1 25 | $4.9B | $872.5M | ||
| Q4 24 | $5.0B | $806.8M | ||
| Q3 24 | $4.5B | $706.4M | ||
| Q2 24 | $5.0B | $706.1M | ||
| Q1 24 | $4.5B | $705.7M |
| Q4 25 | $7.0B | $1.8B | ||
| Q3 25 | $7.2B | $1.8B | ||
| Q2 25 | $7.2B | $1.7B | ||
| Q1 25 | $7.2B | $1.6B | ||
| Q4 24 | $7.2B | $1.6B | ||
| Q3 24 | $7.0B | $1.6B | ||
| Q2 24 | $7.0B | $1.5B | ||
| Q1 24 | $7.0B | $1.5B |
| Q4 25 | $13.2B | $3.2B | ||
| Q3 25 | $13.3B | $3.1B | ||
| Q2 25 | $13.6B | $3.1B | ||
| Q1 25 | $13.3B | $3.0B | ||
| Q4 24 | $13.4B | $3.0B | ||
| Q3 24 | $12.8B | $2.8B | ||
| Q2 24 | $13.3B | $2.7B | ||
| Q1 24 | $12.8B | $2.6B |
| Q4 25 | 0.72× | 0.44× | ||
| Q3 25 | 0.68× | 0.45× | ||
| Q2 25 | 0.72× | 0.52× | ||
| Q1 25 | 0.69× | 0.53× | ||
| Q4 24 | 0.70× | 0.50× | ||
| Q3 24 | 0.64× | 0.44× | ||
| Q2 24 | 0.71× | 0.47× | ||
| Q1 24 | 0.64× | 0.48× |
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 | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $-157.1M |
| 自由现金流率自由现金流/营收 | 181.0% | -57.5% |
| 资本支出强度资本支出/营收 | 8.9% | 0.0% |
| 现金转化率经营现金流/净利润 | 5.99× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $93.0M |
8季度趋势，按日历期对齐
| Q4 25 | $864.3M | $-157.0M | ||
| Q3 25 | $223.3M | $256.3M | ||
| Q2 25 | $271.9M | $15.8M | ||
| Q1 25 | $223.4M | $-19.8M | ||
| Q4 24 | $811.5M | $-450.0M | ||
| Q3 24 | $233.6M | $119.2M | ||
| Q2 24 | $274.0M | $-61.7M | ||
| Q1 24 | $201.8M | $-59.2M |
| Q4 25 | $823.7M | $-157.1M | ||
| Q3 25 | $214.5M | $255.6M | ||
| Q2 25 | $257.7M | $15.0M | ||
| Q1 25 | $215.9M | $-20.5M | ||
| Q4 24 | $777.5M | — | ||
| Q3 24 | $225.3M | $118.4M | ||
| Q2 24 | $263.3M | $-62.3M | ||
| Q1 24 | $191.0M | $-59.8M |
| Q4 25 | 181.0% | -57.5% | ||
| Q3 25 | 44.8% | 38.1% | ||
| Q2 25 | 56.3% | 3.8% | ||
| Q1 25 | 47.0% | -5.8% | ||
| Q4 24 | 178.1% | — | ||
| Q3 24 | 50.6% | 21.5% | ||
| Q2 24 | 62.2% | -19.6% | ||
| Q1 24 | 45.1% | -17.9% |
| Q4 25 | 8.9% | 0.0% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 7.8% | 0.0% | ||
| Q3 24 | 1.9% | 0.1% | ||
| Q2 24 | 2.5% | 0.2% | ||
| Q1 24 | 2.6% | 0.2% |
| Q4 25 | 5.99× | -10.19× | ||
| Q3 25 | 1.91× | 2.95× | ||
| Q2 25 | 2.20× | 0.48× | ||
| Q1 25 | 1.74× | -0.63× | ||
| Q4 24 | 5.64× | -27.27× | ||
| Q3 24 | 2.67× | 1.46× | ||
| Q2 24 | 2.52× | -1.59× | ||
| Q1 24 | 1.58× | -1.32× |
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
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
