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American Homes 4 Rent（AMH）与Madison Square Garden Sports Corp.（MSGS）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Madison Square Garden Sports Corp.的1.1倍（$455.0M vs $403.4M），American Homes 4 Rent净利率更高（31.7% vs 2.0%，领先29.7%），Madison Square Garden Sports Corp.同比增速更快（12.8% vs 4.2%），American Homes 4 Rent自由现金流更多（$823.7M vs $31.6M），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs -3.1%）
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。
麦迪逊广场花园体育公司是总部位于美国纽约市的专业体育控股企业，深耕职业体育俱乐部运营、体育IP开发管理等核心业务，在北美体育产业领域拥有深厚的行业积累与较高的市场知名度。
AMH vs MSGS — 直观对比
营收规模更大
AMH
是对方的1.1倍
$403.4M
营收增速更快
MSGS
高出8.6%
4.2%
净利率更高
AMH
高出29.7%
2.0%
自由现金流更多
AMH
多$792.1M
$31.6M
两年增速更快
AMH
近两年复合增速
-3.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $403.4M |
| 净利润 | $144.3M | $8.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 5.5% |
| 净利率 | 31.7% | 2.0% |
| 营收同比 | 4.2% | 12.8% |
| 净利润同比 | 0.3% | 641.9% |
| 每股收益（稀释后） | $0.33 | $0.34 |
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AMHMSGS
| Q4 25 | $455.0M | $403.4M | ||
| Q3 25 | $478.5M | $39.5M | ||
| Q2 25 | $457.5M | $204.0M | ||
| Q1 25 | $459.3M | $424.2M | ||
| Q4 24 | $436.6M | $357.8M | ||
| Q3 24 | $445.1M | $53.3M | ||
| Q2 24 | $423.5M | $227.3M | ||
| Q1 24 | $423.6M | $430.0M |
净利润AMHMSGS
| Q4 25 | $144.3M | $8.2M | ||
| Q3 25 | $116.8M | $-8.8M | ||
| Q2 25 | $123.6M | $-1.8M | ||
| Q1 25 | $128.7M | $-14.2M | ||
| Q4 24 | $143.9M | $1.1M | ||
| Q3 24 | $87.6M | $-7.5M | ||
| Q2 24 | $108.5M | $25.5M | ||
| Q1 24 | $128.1M | $37.9M |
营业利润率AMHMSGS
| Q4 25 | — | 5.5% | ||
| Q3 25 | — | -69.5% | ||
| Q2 25 | — | -11.1% | ||
| Q1 25 | — | 7.6% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | -15.5% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 18.5% |
净利率AMHMSGS
| Q4 25 | 31.7% | 2.0% | ||
| Q3 25 | 24.4% | -22.3% | ||
| Q2 25 | 27.0% | -0.9% | ||
| Q1 25 | 28.0% | -3.4% | ||
| Q4 24 | 33.0% | 0.3% | ||
| Q3 24 | 19.7% | -14.1% | ||
| Q2 24 | 25.6% | 11.2% | ||
| Q1 24 | 30.2% | 8.8% |
每股收益（稀释后）AMHMSGS
| Q4 25 | $0.33 | $0.34 | ||
| Q3 25 | $0.27 | $-0.37 | ||
| Q2 25 | $0.28 | $-0.08 | ||
| Q1 25 | $0.30 | $-0.59 | ||
| Q4 24 | $0.33 | $0.05 | ||
| Q3 24 | $0.20 | $-0.31 | ||
| Q2 24 | $0.25 | $1.07 | ||
| Q1 24 | $0.30 | $1.57 |
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 | $81.3M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $-282.1M |
| 总资产 | $13.2B | $1.5B |
| 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AMHMSGS
| Q4 25 | $108.5M | $81.3M | ||
| Q3 25 | $45.6M | $48.6M | ||
| Q2 25 | $323.3M | $144.6M | ||
| Q1 25 | $69.7M | $96.5M | ||
| Q4 24 | $199.4M | $107.8M | ||
| Q3 24 | $162.5M | $52.3M | ||
| Q2 24 | $718.4M | $89.1M | ||
| Q1 24 | $124.8M | $40.0M |
总债务AMHMSGS
| 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AMHMSGS
| Q4 25 | $7.0B | $-282.1M | ||
| Q3 25 | $7.2B | $-294.2M | ||
| Q2 25 | $7.2B | $-281.4M | ||
| Q1 25 | $7.2B | $-283.4M | ||
| Q4 24 | $7.2B | $-273.1M | ||
| Q3 24 | $7.0B | $-277.5M | ||
| Q2 24 | $7.0B | $-266.3M | ||
| Q1 24 | $7.0B | $-294.0M |
总资产AMHMSGS
| Q4 25 | $13.2B | $1.5B | ||
| Q3 25 | $13.3B | $1.5B | ||
| Q2 25 | $13.6B | $1.5B | ||
| Q1 25 | $13.3B | $1.5B | ||
| Q4 24 | $13.4B | $1.4B | ||
| Q3 24 | $12.8B | $1.4B | ||
| Q2 24 | $13.3B | $1.3B | ||
| Q1 24 | $12.8B | $1.4B |
负债/权益比AMHMSGS
| 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 | $32.4M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $31.6M |
| 自由现金流率自由现金流/营收 | 181.0% | 7.8% |
| 资本支出强度资本支出/营收 | 8.9% | 0.2% |
| 现金转化率经营现金流/净利润 | 5.99× | 3.94× |
| 过去12个月自由现金流最近4个季度 | $1.5B | $-480.0K |
8季度趋势，按日历期对齐
经营现金流AMHMSGS
| Q4 25 | $864.3M | $32.4M | ||
| Q3 25 | $223.3M | $-85.0M | ||
| Q2 25 | $271.9M | $49.7M | ||
| Q1 25 | $223.4M | $6.3M | ||
| Q4 24 | $811.5M | $61.8M | ||
| Q3 24 | $233.6M | $-26.2M | ||
| Q2 24 | $274.0M | $108.4M | ||
| Q1 24 | $201.8M | $4.0M |
自由现金流AMHMSGS
| Q4 25 | $823.7M | $31.6M | ||
| Q3 25 | $214.5M | $-85.3M | ||
| Q2 25 | $257.7M | $49.4M | ||
| Q1 25 | $215.9M | $3.9M | ||
| Q4 24 | $777.5M | $61.2M | ||
| Q3 24 | $225.3M | $-26.5M | ||
| Q2 24 | $263.3M | $108.0M | ||
| Q1 24 | $191.0M | $3.9M |
自由现金流率AMHMSGS
| Q4 25 | 181.0% | 7.8% | ||
| Q3 25 | 44.8% | -216.3% | ||
| Q2 25 | 56.3% | 24.2% | ||
| Q1 25 | 47.0% | 0.9% | ||
| Q4 24 | 178.1% | 17.1% | ||
| Q3 24 | 50.6% | -49.7% | ||
| Q2 24 | 62.2% | 47.5% | ||
| Q1 24 | 45.1% | 0.9% |
资本支出强度AMHMSGS
| Q4 25 | 8.9% | 0.2% | ||
| Q3 25 | 1.8% | 0.9% | ||
| Q2 25 | 3.1% | 0.2% | ||
| Q1 25 | 1.6% | 0.6% | ||
| Q4 24 | 7.8% | 0.1% | ||
| Q3 24 | 1.9% | 0.7% | ||
| Q2 24 | 2.5% | 0.2% | ||
| Q1 24 | 2.6% | 0.0% |
现金转化率AMHMSGS
| Q4 25 | 5.99× | 3.94× | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | 55.61× | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | 4.25× | ||
| Q1 24 | 1.58× | 0.11× |
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
MSGS
| Event Related | $167.2M | 41% |
| Media Rights | $122.3M | 30% |
| Sponsorship Signage And Suite Licenses | $98.5M | 24% |
| League Distribution | $15.4M | 4% |
