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American Homes 4 Rent（AMH）与PROCORE TECHNOLOGIES, INC.（PCOR）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PROCORE TECHNOLOGIES, INC.的1.3倍（$455.0M vs $359.3M），American Homes 4 Rent净利率更高（31.7% vs -2.5%，领先34.2%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.7% vs 4.2%），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（12.4% 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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
AMH vs PCOR — 直观对比
营收规模更大
AMH
是对方的1.3倍
$359.3M
营收增速更快
PCOR
高出11.4%
4.2%
净利率更高
AMH
高出34.2%
-2.5%
两年增速更快
PCOR
近两年复合增速
3.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $359.3M |
| 净利润 | $144.3M | $-9.1M |
| 毛利率 | — | 80.1% |
| 营业利润率 | — | 15.5% |
| 净利率 | 31.7% | -2.5% |
| 营收同比 | 4.2% | 15.7% |
| 净利润同比 | 0.3% | 72.4% |
| 每股收益（稀释后） | $0.33 | $-0.06 |
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AMHPCOR
| Q1 26 | — | $359.3M | ||
| Q4 25 | $455.0M | $349.1M | ||
| Q3 25 | $478.5M | $338.9M | ||
| Q2 25 | $457.5M | $323.9M | ||
| Q1 25 | $459.3M | $310.6M | ||
| Q4 24 | $436.6M | $302.0M | ||
| Q3 24 | $445.1M | $295.9M | ||
| Q2 24 | $423.5M | $284.3M |
净利润AMHPCOR
| Q1 26 | — | $-9.1M | ||
| Q4 25 | $144.3M | $-37.6M | ||
| Q3 25 | $116.8M | $-9.1M | ||
| Q2 25 | $123.6M | $-21.1M | ||
| Q1 25 | $128.7M | $-33.0M | ||
| Q4 24 | $143.9M | $-62.3M | ||
| Q3 24 | $87.6M | $-26.4M | ||
| Q2 24 | $108.5M | $-6.3M |
毛利率AMHPCOR
| Q1 26 | — | 80.1% | ||
| Q4 25 | — | 80.1% | ||
| Q3 25 | — | 79.7% | ||
| Q2 25 | — | 79.1% | ||
| Q1 25 | — | 79.1% | ||
| Q4 24 | — | 81.2% | ||
| Q3 24 | — | 81.4% | ||
| Q2 24 | — | 83.1% |
营业利润率AMHPCOR
| Q1 26 | — | 15.5% | ||
| Q4 25 | — | -12.3% | ||
| Q3 25 | — | -4.4% | ||
| Q2 25 | — | -9.3% | ||
| Q1 25 | — | -11.7% | ||
| Q4 24 | — | -21.9% | ||
| Q3 24 | — | -12.3% | ||
| Q2 24 | — | -5.2% |
净利率AMHPCOR
| Q1 26 | — | -2.5% | ||
| Q4 25 | 31.7% | -10.8% | ||
| Q3 25 | 24.4% | -2.7% | ||
| Q2 25 | 27.0% | -6.5% | ||
| Q1 25 | 28.0% | -10.6% | ||
| Q4 24 | 33.0% | -20.6% | ||
| Q3 24 | 19.7% | -8.9% | ||
| Q2 24 | 25.6% | -2.2% |
每股收益（稀释后）AMHPCOR
| Q1 26 | — | $-0.06 | ||
| Q4 25 | $0.33 | $-0.25 | ||
| Q3 25 | $0.27 | $-0.06 | ||
| Q2 25 | $0.28 | $-0.14 | ||
| Q1 25 | $0.30 | $-0.22 | ||
| Q4 24 | $0.33 | $-0.42 | ||
| Q3 24 | $0.20 | $-0.18 | ||
| Q2 24 | $0.25 | $-0.04 |
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 | $386.0M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $1.2B |
| 总资产 | $13.2B | $2.1B |
| 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AMHPCOR
| Q1 26 | — | $386.0M | ||
| Q4 25 | $108.5M | $768.5M | ||
| Q3 25 | $45.6M | $684.0M | ||
| Q2 25 | $323.3M | $620.9M | ||
| Q1 25 | $69.7M | $566.7M | ||
| Q4 24 | $199.4M | $775.4M | ||
| Q3 24 | $162.5M | $756.9M | ||
| Q2 24 | $718.4M | $735.4M |
总债务AMHPCOR
| Q1 26 | — | — | ||
| 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 | — |
股东权益AMHPCOR
| Q1 26 | — | $1.2B | ||
| Q4 25 | $7.0B | $1.3B | ||
| Q3 25 | $7.2B | $1.2B | ||
| Q2 25 | $7.2B | $1.2B | ||
| Q1 25 | $7.2B | $1.2B | ||
| Q4 24 | $7.2B | $1.3B | ||
| Q3 24 | $7.0B | $1.3B | ||
| Q2 24 | $7.0B | $1.3B |
总资产AMHPCOR
| Q1 26 | — | $2.1B | ||
| Q4 25 | $13.2B | $2.2B | ||
| Q3 25 | $13.3B | $2.1B | ||
| Q2 25 | $13.6B | $2.0B | ||
| Q1 25 | $13.3B | $1.9B | ||
| Q4 24 | $13.4B | $2.1B | ||
| Q3 24 | $12.8B | $2.0B | ||
| Q2 24 | $13.3B | $2.0B |
负债/权益比AMHPCOR
| Q1 26 | — | — | ||
| 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× | — |
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 | $76.8M |
| 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× | — |
| 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AMHPCOR
| Q1 26 | — | $76.8M | ||
| Q4 25 | $864.3M | $114.9M | ||
| Q3 25 | $223.3M | $88.5M | ||
| Q2 25 | $271.9M | $30.8M | ||
| Q1 25 | $223.4M | $66.0M | ||
| Q4 24 | $811.5M | $29.1M | ||
| Q3 24 | $233.6M | $39.3M | ||
| Q2 24 | $274.0M | $58.7M |
自由现金流AMHPCOR
| Q1 26 | — | — | ||
| Q4 25 | $823.7M | $109.2M | ||
| Q3 25 | $214.5M | $83.1M | ||
| Q2 25 | $257.7M | $27.9M | ||
| Q1 25 | $215.9M | $62.0M | ||
| Q4 24 | $777.5M | $17.4M | ||
| Q3 24 | $225.3M | $35.7M | ||
| Q2 24 | $263.3M | $56.8M |
自由现金流率AMHPCOR
| Q1 26 | — | — | ||
| Q4 25 | 181.0% | 31.3% | ||
| Q3 25 | 44.8% | 24.5% | ||
| Q2 25 | 56.3% | 8.6% | ||
| Q1 25 | 47.0% | 20.0% | ||
| Q4 24 | 178.1% | 5.8% | ||
| Q3 24 | 50.6% | 12.1% | ||
| Q2 24 | 62.2% | 20.0% |
资本支出强度AMHPCOR
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 1.6% | ||
| Q3 25 | 1.8% | 1.6% | ||
| Q2 25 | 3.1% | 0.9% | ||
| Q1 25 | 1.6% | 1.3% | ||
| Q4 24 | 7.8% | 3.9% | ||
| Q3 24 | 1.9% | 1.2% | ||
| Q2 24 | 2.5% | 0.7% |
现金转化率AMHPCOR
| Q1 26 | — | — | ||
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | — | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | — | ||
| Q2 24 | 2.52× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
