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American Homes 4 Rent（AMH）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是American Homes 4 Rent的1.8倍（$828.2M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 13.2%，领先18.5%），Rithm Capital Corp.同比增速更快（508.5% vs 4.2%），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
AMH vs RITM — 直观对比
营收规模更大
RITM
是对方的1.8倍
$455.0M
营收增速更快
RITM
高出504.3%
4.2%
净利率更高
AMH
高出18.5%
13.2%
两年增速更快
AMH
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $828.2M |
| 净利润 | $144.3M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | — | 29.9% |
| 净利率 | 31.7% | 13.2% |
| 营收同比 | 4.2% | 508.5% |
| 净利润同比 | 0.3% | 27.7% |
| 每股收益（稀释后） | $0.33 | $0.12 |
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AMHRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $455.0M | $1.5B | ||
| Q3 25 | $478.5M | $1.1B | ||
| Q2 25 | $457.5M | $1.2B | ||
| Q1 25 | $459.3M | $768.4M | ||
| Q4 24 | $436.6M | $2.1B | ||
| Q3 24 | $445.1M | $619.5M | ||
| Q2 24 | $423.5M | $1.2B |
净利润AMHRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $144.3M | $85.0M | ||
| Q3 25 | $116.8M | $221.5M | ||
| Q2 25 | $123.6M | $311.7M | ||
| Q1 25 | $128.7M | $78.8M | ||
| Q4 24 | $143.9M | $290.2M | ||
| Q3 24 | $87.6M | $121.7M | ||
| Q2 24 | $108.5M | $235.6M |
营业利润率AMHRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 25.2% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | — | 7.3% | ||
| Q2 24 | — | 23.6% |
净利率AMHRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 31.7% | 5.7% | ||
| Q3 25 | 24.4% | 20.0% | ||
| Q2 25 | 27.0% | 25.6% | ||
| Q1 25 | 28.0% | 10.3% | ||
| Q4 24 | 33.0% | 14.0% | ||
| Q3 24 | 19.7% | 19.7% | ||
| Q2 24 | 25.6% | 19.2% |
每股收益（稀释后）AMHRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.33 | $0.09 | ||
| Q3 25 | $0.27 | $0.35 | ||
| Q2 25 | $0.28 | $0.53 | ||
| Q1 25 | $0.30 | $0.07 | ||
| Q4 24 | $0.33 | $0.50 | ||
| Q3 24 | $0.20 | $0.20 | ||
| Q2 24 | $0.25 | $0.43 |
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 | — |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $9.1B |
| 总资产 | $13.2B | $53.4B |
| 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AMHRITM
| Q1 26 | — | — | ||
| Q4 25 | $108.5M | $1.8B | ||
| Q3 25 | $45.6M | $1.6B | ||
| Q2 25 | $323.3M | $1.6B | ||
| Q1 25 | $69.7M | $1.5B | ||
| Q4 24 | $199.4M | $1.5B | ||
| Q3 24 | $162.5M | $1.6B | ||
| Q2 24 | $718.4M | $1.2B |
总债务AMHRITM
| Q1 26 | — | — | ||
| Q4 25 | $5.1B | $35.4B | ||
| Q3 25 | $4.8B | $32.2B | ||
| Q2 25 | $5.2B | $31.2B | ||
| Q1 25 | $4.9B | $32.2B | ||
| Q4 24 | $5.0B | $32.6B | ||
| Q3 24 | $4.5B | $29.6B | ||
| Q2 24 | $5.0B | $30.1B |
股东权益AMHRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $7.0B | $8.4B | ||
| Q3 25 | $7.2B | $8.5B | ||
| Q2 25 | $7.2B | $7.9B | ||
| Q1 25 | $7.2B | $7.8B | ||
| Q4 24 | $7.2B | $7.8B | ||
| Q3 24 | $7.0B | $7.7B | ||
| Q2 24 | $7.0B | $7.3B |
总资产AMHRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $13.2B | $53.1B | ||
| Q3 25 | $13.3B | $47.2B | ||
| Q2 25 | $13.6B | $44.3B | ||
| Q1 25 | $13.3B | $45.3B | ||
| Q4 24 | $13.4B | $46.0B | ||
| Q3 24 | $12.8B | $42.3B | ||
| Q2 24 | $13.3B | $42.0B |
负债/权益比AMHRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.72× | 4.20× | ||
| Q3 25 | 0.68× | 3.79× | ||
| Q2 25 | 0.72× | 3.92× | ||
| Q1 25 | 0.69× | 4.14× | ||
| Q4 24 | 0.70× | 4.18× | ||
| Q3 24 | 0.64× | 3.87× | ||
| Q2 24 | 0.71× | 4.10× |
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 | — |
| 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AMHRITM
| Q1 26 | — | — | ||
| Q4 25 | $864.3M | $-114.6M | ||
| Q3 25 | $223.3M | $-2.0B | ||
| Q2 25 | $271.9M | $-557.1M | ||
| Q1 25 | $223.4M | $1.4B | ||
| Q4 24 | $811.5M | $-1.8B | ||
| Q3 24 | $233.6M | $768.1M | ||
| Q2 24 | $274.0M | $-55.7M |
自由现金流AMHRITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率AMHRITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度AMHRITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率AMHRITM
| Q1 26 | — | — | ||
| Q4 25 | 5.99× | -1.35× | ||
| Q3 25 | 1.91× | -9.22× | ||
| Q2 25 | 2.20× | -1.79× | ||
| Q1 25 | 1.74× | 18.03× | ||
| Q4 24 | 5.64× | -6.04× | ||
| Q3 24 | 2.67× | 6.31× | ||
| Q2 24 | 2.52× | -0.24× |
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
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
