vs
American Homes 4 Rent（AMH）与朗美通（LITE）财务数据对比。点击上方公司名可切换其他公司
朗美通的季度营收约是American Homes 4 Rent的1.5倍（$665.5M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 11.8%，领先20.0%），朗美通同比增速更快（65.5% vs 4.2%），American Homes 4 Rent自由现金流更多（$823.7M vs $43.1M），过去两年朗美通的营收复合增速更高（34.8% 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。
朗美通控股（Lumentum Holdings Inc.）是全球知名光电产品供应商，前身为美国捷迪讯（JDSU）旗下光电器件及激光业务板块，2015年8月随捷迪讯分拆独立运营，总部位于美国加利福尼亚州米尔皮塔斯，主营光通信网络设备、激光器、定制光学解决方案等多元产品。
AMH vs LITE — 直观对比
营收规模更大
LITE
是对方的1.5倍
$455.0M
营收增速更快
LITE
高出61.3%
4.2%
净利率更高
AMH
高出20.0%
11.8%
自由现金流更多
AMH
多$780.6M
$43.1M
两年增速更快
LITE
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $665.5M |
| 净利润 | $144.3M | $78.2M |
| 毛利率 | — | 36.1% |
| 营业利润率 | — | 9.7% |
| 净利率 | 31.7% | 11.8% |
| 营收同比 | 4.2% | 65.5% |
| 净利润同比 | 0.3% | 228.4% |
| 每股收益（稀释后） | $0.33 | $0.89 |
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AMHLITE
| Q4 25 | $455.0M | $665.5M | ||
| Q3 25 | $478.5M | $533.8M | ||
| Q2 25 | $457.5M | $480.7M | ||
| Q1 25 | $459.3M | $425.2M | ||
| Q4 24 | $436.6M | $402.2M | ||
| Q3 24 | $445.1M | $336.9M | ||
| Q2 24 | $423.5M | $308.3M | ||
| Q1 24 | $423.6M | $366.5M |
净利润AMHLITE
| Q4 25 | $144.3M | $78.2M | ||
| Q3 25 | $116.8M | $4.2M | ||
| Q2 25 | $123.6M | $213.3M | ||
| Q1 25 | $128.7M | $-44.1M | ||
| Q4 24 | $143.9M | $-60.9M | ||
| Q3 24 | $87.6M | $-82.4M | ||
| Q2 24 | $108.5M | $-252.5M | ||
| Q1 24 | $128.1M | $-127.0M |
毛利率AMHLITE
| Q4 25 | — | 36.1% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 33.3% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.1% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | — | 16.2% |
营业利润率AMHLITE
| Q4 25 | — | 9.7% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | -1.7% | ||
| Q1 25 | — | -8.9% | ||
| Q4 24 | — | -12.8% | ||
| Q3 24 | — | -24.5% | ||
| Q2 24 | — | -43.3% | ||
| Q1 24 | — | -31.3% |
净利率AMHLITE
| Q4 25 | 31.7% | 11.8% | ||
| Q3 25 | 24.4% | 0.8% | ||
| Q2 25 | 27.0% | 44.4% | ||
| Q1 25 | 28.0% | -10.4% | ||
| Q4 24 | 33.0% | -15.1% | ||
| Q3 24 | 19.7% | -24.5% | ||
| Q2 24 | 25.6% | -81.9% | ||
| Q1 24 | 30.2% | -34.7% |
每股收益（稀释后）AMHLITE
| Q4 25 | $0.33 | $0.89 | ||
| Q3 25 | $0.27 | $0.05 | ||
| Q2 25 | $0.28 | $3.10 | ||
| Q1 25 | $0.30 | $-0.64 | ||
| Q4 24 | $0.33 | $-0.88 | ||
| Q3 24 | $0.20 | $-1.21 | ||
| Q2 24 | $0.25 | $-3.75 | ||
| Q1 24 | $0.30 | $-1.88 |
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 | $1.2B |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $846.6M |
| 总资产 | $13.2B | $4.8B |
| 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AMHLITE
| Q4 25 | $108.5M | $1.2B | ||
| Q3 25 | $45.6M | $1.1B | ||
| Q2 25 | $323.3M | $877.1M | ||
| Q1 25 | $69.7M | $866.7M | ||
| Q4 24 | $199.4M | $896.7M | ||
| Q3 24 | $162.5M | $916.1M | ||
| Q2 24 | $718.4M | $887.0M | ||
| Q1 24 | $124.8M | $870.9M |
总债务AMHLITE
| 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AMHLITE
| Q4 25 | $7.0B | $846.6M | ||
| Q3 25 | $7.2B | $780.8M | ||
| Q2 25 | $7.2B | $1.1B | ||
| Q1 25 | $7.2B | $879.5M | ||
| Q4 24 | $7.2B | $872.3M | ||
| Q3 24 | $7.0B | $895.9M | ||
| Q2 24 | $7.0B | $957.3M | ||
| Q1 24 | $7.0B | $1.2B |
总资产AMHLITE
| Q4 25 | $13.2B | $4.8B | ||
| Q3 25 | $13.3B | $4.6B | ||
| Q2 25 | $13.6B | $4.2B | ||
| Q1 25 | $13.3B | $4.0B | ||
| Q4 24 | $13.4B | $4.0B | ||
| Q3 24 | $12.8B | $4.0B | ||
| Q2 24 | $13.3B | $3.9B | ||
| Q1 24 | $12.8B | $4.2B |
负债/权益比AMHLITE
| 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 | $126.7M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $43.1M |
| 自由现金流率自由现金流/营收 | 181.0% | 6.5% |
| 资本支出强度资本支出/营收 | 8.9% | 12.6% |
| 现金转化率经营现金流/净利润 | 5.99× | 1.62× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $-29.5M |
8季度趋势，按日历期对齐
经营现金流AMHLITE
| Q4 25 | $864.3M | $126.7M | ||
| Q3 25 | $223.3M | $57.9M | ||
| Q2 25 | $271.9M | $64.0M | ||
| Q1 25 | $223.4M | $-1.6M | ||
| Q4 24 | $811.5M | $24.3M | ||
| Q3 24 | $233.6M | $39.6M | ||
| Q2 24 | $274.0M | $35.5M | ||
| Q1 24 | $201.8M | $-7.0M |
自由现金流AMHLITE
| Q4 25 | $823.7M | $43.1M | ||
| Q3 25 | $214.5M | $-18.3M | ||
| Q2 25 | $257.7M | $10.1M | ||
| Q1 25 | $215.9M | $-64.4M | ||
| Q4 24 | $777.5M | $-15.9M | ||
| Q3 24 | $225.3M | $-34.5M | ||
| Q2 24 | $263.3M | $10.9M | ||
| Q1 24 | $191.0M | $-26.6M |
自由现金流率AMHLITE
| Q4 25 | 181.0% | 6.5% | ||
| Q3 25 | 44.8% | -3.4% | ||
| Q2 25 | 56.3% | 2.1% | ||
| Q1 25 | 47.0% | -15.1% | ||
| Q4 24 | 178.1% | -4.0% | ||
| Q3 24 | 50.6% | -10.2% | ||
| Q2 24 | 62.2% | 3.5% | ||
| Q1 24 | 45.1% | -7.3% |
资本支出强度AMHLITE
| Q4 25 | 8.9% | 12.6% | ||
| Q3 25 | 1.8% | 14.3% | ||
| Q2 25 | 3.1% | 11.2% | ||
| Q1 25 | 1.6% | 14.8% | ||
| Q4 24 | 7.8% | 10.0% | ||
| Q3 24 | 1.9% | 22.0% | ||
| Q2 24 | 2.5% | 8.0% | ||
| Q1 24 | 2.6% | 5.3% |
现金转化率AMHLITE
| Q4 25 | 5.99× | 1.62× | ||
| Q3 25 | 1.91× | 13.79× | ||
| Q2 25 | 2.20× | 0.30× | ||
| 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
LITE
| Components | $443.7M | 67% |
| Systems | $221.8M | 33% |
