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American Homes 4 Rent（AMH）与STARWOOD PROPERTY TRUST, INC.（STWD）财务数据对比。点击上方公司名可切换其他公司
STARWOOD PROPERTY TRUST, INC.的季度营收约是American Homes 4 Rent的1.1倍（$492.9M vs $455.0M），American Homes 4 Rent净利率更高（31.7% vs 19.7%，领先12.0%），STARWOOD PROPERTY TRUST, INC.同比增速更快（8.5% vs 4.2%），过去两年American Homes 4 Rent的营收复合增速更高（3.6% vs -2.9%）
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。
喜达屋酒店及度假村国际集团是全球规模最大的酒店企业之一，业务涵盖酒店、度假村、水疗中心、住宅及度假产权物业的持有、运营、特许经营与管理。集团前身为1969年成立的房地产投资信托基金，1995年完成收购重组，旗下共11个品牌，管理及特许经营的物业共计1297处。
AMH vs STWD — 直观对比
营收规模更大
STWD
是对方的1.1倍
$455.0M
营收增速更快
STWD
高出4.3%
4.2%
净利率更高
AMH
高出12.0%
19.7%
两年增速更快
AMH
近两年复合增速
-2.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $455.0M | $492.9M |
| 净利润 | $144.3M | $96.9M |
| 毛利率 | — | — |
| 营业利润率 | — | 26.6% |
| 净利率 | 31.7% | 19.7% |
| 营收同比 | 4.2% | 8.5% |
| 净利润同比 | 0.3% | 87.7% |
| 每股收益（稀释后） | $0.33 | $0.25 |
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AMHSTWD
| Q4 25 | $455.0M | $492.9M | ||
| Q3 25 | $478.5M | $488.9M | ||
| Q2 25 | $457.5M | $444.3M | ||
| Q1 25 | $459.3M | $418.2M | ||
| Q4 24 | $436.6M | $454.4M | ||
| Q3 24 | $445.1M | $479.5M | ||
| Q2 24 | $423.5M | $489.8M | ||
| Q1 24 | $423.6M | $523.1M |
净利润AMHSTWD
| Q4 25 | $144.3M | $96.9M | ||
| Q3 25 | $116.8M | $72.6M | ||
| Q2 25 | $123.6M | $129.8M | ||
| Q1 25 | $128.7M | $112.3M | ||
| Q4 24 | $143.9M | $51.6M | ||
| Q3 24 | $87.6M | $76.1M | ||
| Q2 24 | $108.5M | $77.9M | ||
| Q1 24 | $128.1M | $154.3M |
营业利润率AMHSTWD
| Q4 25 | — | 26.6% | ||
| Q3 25 | — | 19.1% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | — | 15.1% | ||
| Q3 24 | — | 17.2% | ||
| Q2 24 | — | 19.1% | ||
| Q1 24 | — | 30.8% |
净利率AMHSTWD
| Q4 25 | 31.7% | 19.7% | ||
| Q3 25 | 24.4% | 14.8% | ||
| Q2 25 | 27.0% | 29.2% | ||
| Q1 25 | 28.0% | 26.8% | ||
| Q4 24 | 33.0% | 11.4% | ||
| Q3 24 | 19.7% | 15.9% | ||
| Q2 24 | 25.6% | 15.9% | ||
| Q1 24 | 30.2% | 29.5% |
每股收益（稀释后）AMHSTWD
| Q4 25 | $0.33 | $0.25 | ||
| Q3 25 | $0.27 | $0.19 | ||
| Q2 25 | $0.28 | $0.38 | ||
| Q1 25 | $0.30 | $0.33 | ||
| Q4 24 | $0.33 | $0.15 | ||
| Q3 24 | $0.20 | $0.23 | ||
| Q2 24 | $0.25 | $0.24 | ||
| Q1 24 | $0.30 | $0.48 |
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 | $499.5M |
| 总债务越低越好 | $5.1B | — |
| 股东权益账面价值 | $7.0B | $6.8B |
| 总资产 | $13.2B | $63.2B |
| 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AMHSTWD
| Q4 25 | $108.5M | $499.5M | ||
| Q3 25 | $45.6M | $301.1M | ||
| Q2 25 | $323.3M | $259.9M | ||
| Q1 25 | $69.7M | $440.6M | ||
| Q4 24 | $199.4M | $377.8M | ||
| Q3 24 | $162.5M | $357.9M | ||
| Q2 24 | $718.4M | $259.3M | ||
| Q1 24 | $124.8M | $327.4M |
总债务AMHSTWD
| 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AMHSTWD
| Q4 25 | $7.0B | $6.8B | ||
| Q3 25 | $7.2B | $6.9B | ||
| Q2 25 | $7.2B | $6.4B | ||
| Q1 25 | $7.2B | $6.4B | ||
| Q4 24 | $7.2B | $6.4B | ||
| Q3 24 | $7.0B | $6.5B | ||
| Q2 24 | $7.0B | $6.2B | ||
| Q1 24 | $7.0B | $6.3B |
总资产AMHSTWD
| Q4 25 | $13.2B | $63.2B | ||
| Q3 25 | $13.3B | $62.4B | ||
| Q2 25 | $13.6B | $62.4B | ||
| Q1 25 | $13.3B | $62.2B | ||
| Q4 24 | $13.4B | $62.6B | ||
| Q3 24 | $12.8B | $64.2B | ||
| Q2 24 | $13.3B | $64.1B | ||
| Q1 24 | $12.8B | $66.2B |
负债/权益比AMHSTWD
| 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 | $488.8M |
| 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× | 5.04× |
| 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AMHSTWD
| Q4 25 | $864.3M | $488.8M | ||
| Q3 25 | $223.3M | $337.6M | ||
| Q2 25 | $271.9M | $-87.4M | ||
| Q1 25 | $223.4M | $238.9M | ||
| Q4 24 | $811.5M | $295.6M | ||
| Q3 24 | $233.6M | $241.8M | ||
| Q2 24 | $274.0M | $53.3M | ||
| Q1 24 | $201.8M | $55.9M |
自由现金流AMHSTWD
| 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AMHSTWD
| 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AMHSTWD
| 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AMHSTWD
| Q4 25 | 5.99× | 5.04× | ||
| Q3 25 | 1.91× | 4.65× | ||
| Q2 25 | 2.20× | -0.67× | ||
| Q1 25 | 1.74× | 2.13× | ||
| Q4 24 | 5.64× | 5.72× | ||
| Q3 24 | 2.67× | 3.18× | ||
| Q2 24 | 2.52× | 0.68× | ||
| Q1 24 | 1.58× | 0.36× |
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
STWD
| Commercial And Residential Lending Segment | $335.2M | 68% |
| Infrastructure Lending Segment | $70.3M | 14% |
| Property Segment | $57.8M | 12% |
| Other | $29.7M | 6% |
