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American Homes 4 Rent（AMH）与EPLUS INC（PLUS）财务数据对比。点击上方公司名可切换其他公司
EPLUS INC的季度营收约是American Homes 4 Rent的1.4倍（$614.8M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 5.7%，领先26.0%），EPLUS INC同比增速更快（20.3% vs 4.2%），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs 2.3%）
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。
ePlus Inc.是美国的科技咨询解决方案提供商，业务覆盖网络安全、云计算、网络架构、协作办公、人工智能及前沿技术领域，为超5000家客户提供定制化解决方案、专业咨询与托管服务，助力企业实现数字化转型与技术升级。
AMH vs PLUS — 直观对比
营收规模更大
PLUS
是对方的1.4倍
$455.0M
营收增速更快
PLUS
高出16.1%
4.2%
净利率更高
AMH
高出26.0%
5.7%
两年增速更快
AMH
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $614.8M |
| 净利润 | $144.3M | $35.1M |
| 毛利率 | — | 25.8% |
| 营业利润率 | — | 7.1% |
| 净利率 | 31.7% | 5.7% |
| 营收同比 | 4.2% | 20.3% |
| 净利润同比 | 0.3% | 45.2% |
| 每股收益（稀释后） | $0.33 | $1.33 |
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AMHPLUS
| Q4 25 | $455.0M | $614.8M | ||
| Q3 25 | $478.5M | $608.8M | ||
| Q2 25 | $457.5M | $637.3M | ||
| Q1 25 | $459.3M | — | ||
| Q4 24 | $436.6M | $493.2M | ||
| Q3 24 | $445.1M | $493.4M | ||
| Q2 24 | $423.5M | $535.7M | ||
| Q1 24 | $423.6M | — |
净利润AMHPLUS
| Q4 25 | $144.3M | $35.1M | ||
| Q3 25 | $116.8M | $34.9M | ||
| Q2 25 | $123.6M | $37.7M | ||
| Q1 25 | $128.7M | — | ||
| Q4 24 | $143.9M | $24.1M | ||
| Q3 24 | $87.6M | $31.3M | ||
| Q2 24 | $108.5M | $27.3M | ||
| Q1 24 | $128.1M | — |
毛利率AMHPLUS
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 23.3% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 25.8% | ||
| Q2 24 | — | 23.7% | ||
| Q1 24 | — | — |
营业利润率AMHPLUS
| Q4 25 | — | 7.1% | ||
| Q3 25 | — | 8.0% | ||
| Q2 25 | — | 5.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.3% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | — | 5.9% | ||
| Q1 24 | — | — |
净利率AMHPLUS
| Q4 25 | 31.7% | 5.7% | ||
| Q3 25 | 24.4% | 5.7% | ||
| Q2 25 | 27.0% | 5.9% | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 33.0% | 4.9% | ||
| Q3 24 | 19.7% | 6.3% | ||
| Q2 24 | 25.6% | 5.1% | ||
| Q1 24 | 30.2% | — |
每股收益（稀释后）AMHPLUS
| Q4 25 | $0.33 | $1.33 | ||
| Q3 25 | $0.27 | $1.32 | ||
| Q2 25 | $0.28 | $1.43 | ||
| Q1 25 | $0.30 | — | ||
| Q4 24 | $0.33 | $0.91 | ||
| Q3 24 | $0.20 | $1.17 | ||
| Q2 24 | $0.25 | $1.02 | ||
| Q1 24 | $0.30 | — |
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 | $326.3M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $1.1B |
| 总资产 | $13.2B | $1.8B |
| 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AMHPLUS
| Q4 25 | $108.5M | $326.3M | ||
| Q3 25 | $45.6M | $402.2M | ||
| Q2 25 | $323.3M | $480.2M | ||
| Q1 25 | $69.7M | — | ||
| Q4 24 | $199.4M | $253.1M | ||
| Q3 24 | $162.5M | $187.5M | ||
| Q2 24 | $718.4M | $349.9M | ||
| Q1 24 | $124.8M | — |
总债务AMHPLUS
| 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AMHPLUS
| Q4 25 | $7.0B | $1.1B | ||
| Q3 25 | $7.2B | $1.0B | ||
| Q2 25 | $7.2B | $1.0B | ||
| Q1 25 | $7.2B | — | ||
| Q4 24 | $7.2B | $962.3M | ||
| Q3 24 | $7.0B | $947.0M | ||
| Q2 24 | $7.0B | $921.9M | ||
| Q1 24 | $7.0B | — |
总资产AMHPLUS
| Q4 25 | $13.2B | $1.8B | ||
| Q3 25 | $13.3B | $1.8B | ||
| Q2 25 | $13.6B | $1.8B | ||
| Q1 25 | $13.3B | — | ||
| Q4 24 | $13.4B | $1.8B | ||
| Q3 24 | $12.8B | $1.7B | ||
| Q2 24 | $13.3B | $1.7B | ||
| Q1 24 | $12.8B | — |
负债/权益比AMHPLUS
| 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 | $-87.4M |
| 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× | -2.49× |
| 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AMHPLUS
| Q4 25 | $864.3M | $-87.4M | ||
| Q3 25 | $223.3M | $-34.8M | ||
| Q2 25 | $271.9M | $-99.0M | ||
| Q1 25 | $223.4M | — | ||
| Q4 24 | $811.5M | $65.7M | ||
| Q3 24 | $233.6M | $-21.6M | ||
| Q2 24 | $274.0M | $97.1M | ||
| Q1 24 | $201.8M | — |
自由现金流AMHPLUS
| 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AMHPLUS
| 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AMHPLUS
| 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AMHPLUS
| Q4 25 | 5.99× | -2.49× | ||
| Q3 25 | 1.91× | -1.00× | ||
| Q2 25 | 2.20× | -2.63× | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 5.64× | 2.72× | ||
| Q3 24 | 2.67× | -0.69× | ||
| Q2 24 | 2.52× | 3.55× | ||
| 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
PLUS
| All Others Customer End Market | $107.0M | 17% |
| Technology Customer End Market | $89.4M | 15% |
| Health Care Customer End Market | $81.5M | 13% |
| Financial Services Customer End Market | $66.1M | 11% |
| Professional Services Reporting Unit | $64.1M | 10% |
| Security | $61.1M | 10% |
| State And Local Government And Educational Institutions | $59.9M | 10% |
| Managed Services Reporting Unit | $48.8M | 8% |
| Other Product | $21.1M | 3% |
| Collaboration | $13.4M | 2% |
