vs
American Homes 4 Rent（AMH）与BOSTON BEER CO INC（SAM）财务数据对比。点击上方公司名可切换其他公司
BOSTON BEER CO INC的季度营收约是American Homes 4 Rent的1.0倍（$461.6M vs $455.0M），American Homes 4 Rent同比增速更快（4.2% vs -4.1%），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs -10.7%）
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。
波士顿啤酒公司是美国知名酿酒企业，1984年由吉姆·科赫与朗达·卡尔曼联合创立。旗下首款产品以美国开国元勋、独立运动先驱塞缪尔·亚当斯命名，后续陆续推出多个自有品牌，2019年正式完成与角鲨头酿酒厂的合并，是北美精酿啤酒行业的核心参与者之一。
AMH vs SAM — 直观对比
营收规模更大
SAM
是对方的1.0倍
$455.0M
营收增速更快
AMH
高出8.3%
-4.1%
两年增速更快
AMH
近两年复合增速
-10.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $461.6M |
| 净利润 | $144.3M | — |
| 毛利率 | — | 46.4% |
| 营业利润率 | — | 12.4% |
| 净利率 | 31.7% | — |
| 营收同比 | 4.2% | -4.1% |
| 净利润同比 | 0.3% | — |
| 每股收益（稀释后） | $0.33 | $2.16 |
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AMHSAM
| Q1 26 | — | $461.6M | ||
| Q4 25 | $455.0M | $385.7M | ||
| Q3 25 | $478.5M | $537.5M | ||
| Q2 25 | $457.5M | $587.9M | ||
| Q1 25 | $459.3M | $453.9M | ||
| Q4 24 | $436.6M | $402.3M | ||
| Q3 24 | $445.1M | $605.5M | ||
| Q2 24 | $423.5M | $579.1M |
净利润AMHSAM
| Q1 26 | — | — | ||
| Q4 25 | $144.3M | $-22.5M | ||
| Q3 25 | $116.8M | $46.2M | ||
| Q2 25 | $123.6M | $60.4M | ||
| Q1 25 | $128.7M | $24.4M | ||
| Q4 24 | $143.9M | $-38.8M | ||
| Q3 24 | $87.6M | $33.5M | ||
| Q2 24 | $108.5M | $52.3M |
毛利率AMHSAM
| Q1 26 | — | 46.4% | ||
| Q4 25 | — | 43.5% | ||
| Q3 25 | — | 50.8% | ||
| Q2 25 | — | 49.8% | ||
| Q1 25 | — | 48.3% | ||
| Q4 24 | — | 39.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 46.0% |
营业利润率AMHSAM
| Q1 26 | — | 12.4% | ||
| Q4 25 | — | -8.6% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | -13.9% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 12.2% |
净利率AMHSAM
| Q1 26 | — | — | ||
| Q4 25 | 31.7% | -5.8% | ||
| Q3 25 | 24.4% | 8.6% | ||
| Q2 25 | 27.0% | 10.3% | ||
| Q1 25 | 28.0% | 5.4% | ||
| Q4 24 | 33.0% | -9.6% | ||
| Q3 24 | 19.7% | 5.5% | ||
| Q2 24 | 25.6% | 9.0% |
每股收益（稀释后）AMHSAM
| Q1 26 | — | $2.16 | ||
| Q4 25 | $0.33 | $-1.97 | ||
| Q3 25 | $0.27 | $4.25 | ||
| Q2 25 | $0.28 | $5.45 | ||
| Q1 25 | $0.30 | $2.16 | ||
| Q4 24 | $0.33 | $-3.23 | ||
| Q3 24 | $0.20 | $2.86 | ||
| Q2 24 | $0.25 | $4.39 |
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 | $164.1M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $682.6M |
| 总资产 | $13.2B | $1.2B |
| 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AMHSAM
| Q1 26 | — | $164.1M | ||
| Q4 25 | $108.5M | $223.4M | ||
| Q3 25 | $45.6M | $250.5M | ||
| Q2 25 | $323.3M | $212.4M | ||
| Q1 25 | $69.7M | $152.5M | ||
| Q4 24 | $199.4M | $211.8M | ||
| Q3 24 | $162.5M | $255.6M | ||
| Q2 24 | $718.4M | $219.3M |
总债务AMHSAM
| 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AMHSAM
| Q1 26 | — | $682.6M | ||
| Q4 25 | $7.0B | $846.3M | ||
| Q3 25 | $7.2B | $911.0M | ||
| Q2 25 | $7.2B | $912.3M | ||
| Q1 25 | $7.2B | $897.0M | ||
| Q4 24 | $7.2B | $916.2M | ||
| Q3 24 | $7.0B | $1.0B | ||
| Q2 24 | $7.0B | $1.0B |
总资产AMHSAM
| Q1 26 | — | $1.2B | ||
| Q4 25 | $13.2B | $1.2B | ||
| Q3 25 | $13.3B | $1.2B | ||
| Q2 25 | $13.6B | $1.3B | ||
| Q1 25 | $13.3B | $1.2B | ||
| Q4 24 | $13.4B | $1.3B | ||
| Q3 24 | $12.8B | $1.4B | ||
| Q2 24 | $13.3B | $1.4B |
负债/权益比AMHSAM
| 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 | — |
| 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AMHSAM
| Q1 26 | — | — | ||
| Q4 25 | $864.3M | $39.9M | ||
| Q3 25 | $223.3M | $101.8M | ||
| Q2 25 | $271.9M | $126.5M | ||
| Q1 25 | $223.4M | $1.9M | ||
| Q4 24 | $811.5M | $41.9M | ||
| Q3 24 | $233.6M | $115.9M | ||
| Q2 24 | $274.0M | $96.0M |
自由现金流AMHSAM
| Q1 26 | — | — | ||
| Q4 25 | $823.7M | $22.1M | ||
| Q3 25 | $214.5M | $89.2M | ||
| Q2 25 | $257.7M | $112.2M | ||
| Q1 25 | $215.9M | $-8.0M | ||
| Q4 24 | $777.5M | $18.4M | ||
| Q3 24 | $225.3M | $99.2M | ||
| Q2 24 | $263.3M | $75.6M |
自由现金流率AMHSAM
| Q1 26 | — | — | ||
| Q4 25 | 181.0% | 5.7% | ||
| Q3 25 | 44.8% | 16.6% | ||
| Q2 25 | 56.3% | 19.1% | ||
| Q1 25 | 47.0% | -1.8% | ||
| Q4 24 | 178.1% | 4.6% | ||
| Q3 24 | 50.6% | 16.4% | ||
| Q2 24 | 62.2% | 13.1% |
资本支出强度AMHSAM
| Q1 26 | — | — | ||
| Q4 25 | 8.9% | 4.6% | ||
| Q3 25 | 1.8% | 2.3% | ||
| Q2 25 | 3.1% | 2.4% | ||
| Q1 25 | 1.6% | 2.2% | ||
| Q4 24 | 7.8% | 5.8% | ||
| Q3 24 | 1.9% | 2.8% | ||
| Q2 24 | 2.5% | 3.5% |
现金转化率AMHSAM
| Q1 26 | — | — | ||
| Q4 25 | 5.99× | — | ||
| Q3 25 | 1.91× | 2.21× | ||
| Q2 25 | 2.20× | 2.09× | ||
| Q1 25 | 1.74× | 0.08× | ||
| Q4 24 | 5.64× | — | ||
| Q3 24 | 2.67× | 3.46× | ||
| Q2 24 | 2.52× | 1.83× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
