vs
American Homes 4 Rent（AMH）与SCANSOURCE, INC.（SCSC）财务数据对比。点击上方公司名可切换其他公司
SCANSOURCE, INC.的季度营收约是American Homes 4 Rent的1.7倍（$766.5M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 2.2%，领先29.6%），American Homes 4 Rent同比增速更快（4.2% vs 2.5%），American Homes 4 Rent自由现金流更多（$823.7M vs $28.9M），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
AMH vs SCSC — 直观对比
营收规模更大
SCSC
是对方的1.7倍
$455.0M
营收增速更快
AMH
高出1.7%
2.5%
净利率更高
AMH
高出29.6%
2.2%
自由现金流更多
AMH
多$794.8M
$28.9M
两年增速更快
AMH
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $766.5M |
| 净利润 | $144.3M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | — | 2.3% |
| 净利率 | 31.7% | 2.2% |
| 营收同比 | 4.2% | 2.5% |
| 净利润同比 | 0.3% | -3.3% |
| 每股收益（稀释后） | $0.33 | $0.75 |
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AMHSCSC
| Q4 25 | $455.0M | $766.5M | ||
| Q3 25 | $478.5M | $739.6M | ||
| Q2 25 | $457.5M | $812.9M | ||
| Q1 25 | $459.3M | $704.8M | ||
| Q4 24 | $436.6M | $747.5M | ||
| Q3 24 | $445.1M | $775.6M | ||
| Q2 24 | $423.5M | $746.1M | ||
| Q1 24 | $423.6M | $752.6M |
净利润AMHSCSC
| Q4 25 | $144.3M | $16.5M | ||
| Q3 25 | $116.8M | $19.9M | ||
| Q2 25 | $123.6M | $20.1M | ||
| Q1 25 | $128.7M | $17.4M | ||
| Q4 24 | $143.9M | $17.1M | ||
| Q3 24 | $87.6M | $17.0M | ||
| Q2 24 | $108.5M | $16.1M | ||
| Q1 24 | $128.1M | $12.8M |
毛利率AMHSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
营业利润率AMHSCSC
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | — | 2.3% |
净利率AMHSCSC
| Q4 25 | 31.7% | 2.2% | ||
| Q3 25 | 24.4% | 2.7% | ||
| Q2 25 | 27.0% | 2.5% | ||
| Q1 25 | 28.0% | 2.5% | ||
| Q4 24 | 33.0% | 2.3% | ||
| Q3 24 | 19.7% | 2.2% | ||
| Q2 24 | 25.6% | 2.2% | ||
| Q1 24 | 30.2% | 1.7% |
每股收益（稀释后）AMHSCSC
| Q4 25 | $0.33 | $0.75 | ||
| Q3 25 | $0.27 | $0.89 | ||
| Q2 25 | $0.28 | $0.87 | ||
| Q1 25 | $0.30 | $0.74 | ||
| Q4 24 | $0.33 | $0.70 | ||
| Q3 24 | $0.20 | $0.69 | ||
| Q2 24 | $0.25 | $0.66 | ||
| Q1 24 | $0.30 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $910.9M |
| 总资产 | $13.2B | $1.7B |
| 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AMHSCSC
| Q4 25 | $108.5M | $83.5M | ||
| Q3 25 | $45.6M | $124.9M | ||
| Q2 25 | $323.3M | $126.2M | ||
| Q1 25 | $69.7M | $146.3M | ||
| Q4 24 | $199.4M | $110.5M | ||
| Q3 24 | $162.5M | $145.0M | ||
| Q2 24 | $718.4M | $185.5M | ||
| Q1 24 | $124.8M | $159.1M |
总债务AMHSCSC
| 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AMHSCSC
| Q4 25 | $7.0B | $910.9M | ||
| Q3 25 | $7.2B | $914.0M | ||
| Q2 25 | $7.2B | $906.4M | ||
| Q1 25 | $7.2B | $901.7M | ||
| Q4 24 | $7.2B | $900.7M | ||
| Q3 24 | $7.0B | $920.9M | ||
| Q2 24 | $7.0B | $924.3M | ||
| Q1 24 | $7.0B | $944.1M |
总资产AMHSCSC
| Q4 25 | $13.2B | $1.7B | ||
| Q3 25 | $13.3B | $1.7B | ||
| Q2 25 | $13.6B | $1.8B | ||
| Q1 25 | $13.3B | $1.7B | ||
| Q4 24 | $13.4B | $1.7B | ||
| Q3 24 | $12.8B | $1.8B | ||
| Q2 24 | $13.3B | $1.8B | ||
| Q1 24 | $12.8B | $1.8B |
负债/权益比AMHSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $823.7M | $28.9M |
| 自由现金流率自由现金流/营收 | 181.0% | 3.8% |
| 资本支出强度资本支出/营收 | 8.9% | 0.3% |
| 现金转化率经营现金流/净利润 | 5.99× | 1.87× |
| 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AMHSCSC
| Q4 25 | $864.3M | $30.8M | ||
| Q3 25 | $223.3M | $23.2M | ||
| Q2 25 | $271.9M | — | ||
| Q1 25 | $223.4M | $66.1M | ||
| Q4 24 | $811.5M | $-6.2M | ||
| Q3 24 | $233.6M | $44.8M | ||
| Q2 24 | $274.0M | — | ||
| Q1 24 | $201.8M | $160.2M |
自由现金流AMHSCSC
| Q4 25 | $823.7M | $28.9M | ||
| Q3 25 | $214.5M | $20.8M | ||
| Q2 25 | $257.7M | — | ||
| Q1 25 | $215.9M | $64.6M | ||
| Q4 24 | $777.5M | $-8.2M | ||
| Q3 24 | $225.3M | $42.5M | ||
| Q2 24 | $263.3M | — | ||
| Q1 24 | $191.0M | $157.7M |
自由现金流率AMHSCSC
| Q4 25 | 181.0% | 3.8% | ||
| Q3 25 | 44.8% | 2.8% | ||
| Q2 25 | 56.3% | — | ||
| Q1 25 | 47.0% | 9.2% | ||
| Q4 24 | 178.1% | -1.1% | ||
| Q3 24 | 50.6% | 5.5% | ||
| Q2 24 | 62.2% | — | ||
| Q1 24 | 45.1% | 21.0% |
资本支出强度AMHSCSC
| Q4 25 | 8.9% | 0.3% | ||
| Q3 25 | 1.8% | 0.3% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | 1.6% | 0.2% | ||
| Q4 24 | 7.8% | 0.3% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 2.5% | 0.2% | ||
| Q1 24 | 2.6% | 0.3% |
现金转化率AMHSCSC
| Q4 25 | 5.99× | 1.87× | ||
| Q3 25 | 1.91× | 1.17× | ||
| Q2 25 | 2.20× | — | ||
| Q1 25 | 1.74× | 3.79× | ||
| Q4 24 | 5.64× | -0.36× | ||
| Q3 24 | 2.67× | 2.64× | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 1.58× | 12.51× |
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
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
