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AvalonBay Communities（AVB）与Invitation Homes（INVH）财务数据对比。点击上方公司名可切换其他公司
AvalonBay Communities的季度营收约是Invitation Homes的1.1倍（$767.9M vs $685.3M），AvalonBay Communities净利率更高（9040.6% vs 21.1%，领先9019.5%），Invitation Homes同比增速更快（4.0% vs 3.7%），AvalonBay Communities自由现金流更多（$1.4B vs $122.4M），过去两年AvalonBay Communities的营收复合增速更高（3.8% vs 3.0%）
AvalonBay Communities是一家公开上市的房地产投资信托（REIT），核心业务聚焦公寓类不动产的投资与运营，旗下持有并管理大量区位优质的公寓项目，为租户提供高品质居住服务，在北美住宅地产投资领域拥有较高知名度。
Invitation Homes是纽交所上市企业，总部位于美国得克萨斯州达拉斯市林肯中心大厦，由Dallas B. Tanner出任首席执行官。截至2024年7月，公司在全美16个市场持有约8.4万套独栋出租住宅，是美国规模最大的独栋住宅租赁业主，17%的租金收入来自加利福尼亚州。
AVB vs INVH — 直观对比
营收规模更大
AVB
是对方的1.1倍
$685.3M
营收增速更快
INVH
高出0.3%
3.7%
净利率更高
AVB
高出9019.5%
21.1%
自由现金流更多
AVB
多$1.3B
$122.4M
两年增速更快
AVB
近两年复合增速
3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $767.9M | $685.3M |
| 净利润 | $166.0M | $144.6M |
| 毛利率 | — | — |
| 营业利润率 | 64.2% | — |
| 净利率 | 9040.6% | 21.1% |
| 营收同比 | 3.7% | 4.0% |
| 净利润同比 | -41.2% | 1.0% |
| 每股收益（稀释后） | $1.18 | $0.24 |
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AVBINVH
| Q4 25 | $767.9M | $685.3M | ||
| Q3 25 | $766.8M | $688.2M | ||
| Q2 25 | $760.2M | $681.4M | ||
| Q1 25 | $745.9M | $674.5M | ||
| Q4 24 | $740.5M | $659.1M | ||
| Q3 24 | $734.3M | $660.3M | ||
| Q2 24 | $726.0M | $653.5M | ||
| Q1 24 | $712.9M | $646.0M |
净利润AVBINVH
| Q4 25 | $166.0M | $144.6M | ||
| Q3 25 | $381.3M | $136.7M | ||
| Q2 25 | $268.7M | $140.9M | ||
| Q1 25 | $236.6M | $165.7M | ||
| Q4 24 | $282.1M | $143.1M | ||
| Q3 24 | $372.5M | $95.3M | ||
| Q2 24 | $253.9M | $73.2M | ||
| Q1 24 | $173.4M | $142.3M |
营业利润率AVBINVH
| Q4 25 | 64.2% | — | ||
| Q3 25 | 65.7% | — | ||
| Q2 25 | 67.6% | — | ||
| Q1 25 | 68.5% | — | ||
| Q4 24 | 63.1% | — | ||
| Q3 24 | 65.4% | — | ||
| Q2 24 | 66.6% | — | ||
| Q1 24 | 67.2% | — |
净利率AVBINVH
| Q4 25 | 9040.6% | 21.1% | ||
| Q3 25 | 49.7% | 19.9% | ||
| Q2 25 | 35.3% | 20.7% | ||
| Q1 25 | 31.7% | 24.6% | ||
| Q4 24 | 38.1% | 21.7% | ||
| Q3 24 | 50.7% | 14.4% | ||
| Q2 24 | 35.0% | 11.2% | ||
| Q1 24 | 24.3% | 22.0% |
每股收益（稀释后）AVBINVH
| Q4 25 | $1.18 | $0.24 | ||
| Q3 25 | $2.68 | $0.22 | ||
| Q2 25 | $1.88 | $0.23 | ||
| Q1 25 | $1.66 | $0.27 | ||
| Q4 24 | $1.99 | $0.24 | ||
| Q3 24 | $2.61 | $0.15 | ||
| Q2 24 | $1.78 | $0.12 | ||
| Q1 24 | $1.22 | $0.23 |
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 | $187.2M | $130.0M |
| 总债务越低越好 | $9.3B | $8.4B |
| 股东权益账面价值 | $11.6B | $9.5B |
| 总资产 | $22.2B | $18.7B |
| 负债/权益比越低杠杆越低 | 0.80× | 0.88× |
8季度趋势，按日历期对齐
现金及短期投资AVBINVH
| Q4 25 | $187.2M | $130.0M | ||
| Q3 25 | $123.3M | $155.4M | ||
| Q2 25 | $102.8M | $65.1M | ||
| Q1 25 | $53.3M | $84.4M | ||
| Q4 24 | $108.6M | $174.5M | ||
| Q3 24 | $552.4M | $1.0B | ||
| Q2 24 | $545.8M | $749.4M | ||
| Q1 24 | $287.9M | $738.1M |
总债务AVBINVH
| Q4 25 | $9.3B | $8.4B | ||
| Q3 25 | $8.7B | $8.2B | ||
| Q2 25 | $8.7B | $8.2B | ||
| Q1 25 | $8.3B | $8.1B | ||
| Q4 24 | $8.1B | $8.2B | ||
| Q3 24 | $8.4B | $9.0B | ||
| Q2 24 | $8.4B | $8.5B | ||
| Q1 24 | $8.0B | $8.5B |
股东权益AVBINVH
| Q4 25 | $11.6B | $9.5B | ||
| Q3 25 | $11.9B | $9.6B | ||
| Q2 25 | $11.9B | $9.7B | ||
| Q1 25 | $11.9B | $9.7B | ||
| Q4 24 | $11.9B | $9.8B | ||
| Q3 24 | $11.9B | $9.9B | ||
| Q2 24 | $11.7B | $10.0B | ||
| Q1 24 | $11.7B | $10.1B |
总资产AVBINVH
| Q4 25 | $22.2B | $18.7B | ||
| Q3 25 | $21.9B | $18.8B | ||
| Q2 25 | $21.8B | $18.7B | ||
| Q1 25 | $21.2B | $18.6B | ||
| Q4 24 | $21.0B | $18.7B | ||
| Q3 24 | $21.3B | $19.6B | ||
| Q2 24 | $21.0B | $19.2B | ||
| Q1 24 | $20.6B | $19.2B |
负债/权益比AVBINVH
| Q4 25 | 0.80× | 0.88× | ||
| Q3 25 | 0.73× | 0.86× | ||
| Q2 25 | 0.72× | 0.85× | ||
| Q1 25 | 0.70× | 0.83× | ||
| Q4 24 | 0.68× | 0.84× | ||
| Q3 24 | 0.70× | 0.91× | ||
| Q2 24 | 0.71× | 0.85× | ||
| Q1 24 | 0.68× | 0.84× |
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 | $1.7B | $128.7M |
| 自由现金流经营现金流 - 资本支出 | $1.4B | $122.4M |
| 自由现金流率自由现金流/营收 | 183.5% | 17.9% |
| 资本支出强度资本支出/营收 | 34.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 10.07× | 0.89× |
| 过去12个月自由现金流最近4个季度 | $2.5B | $1.2B |
8季度趋势，按日历期对齐
经营现金流AVBINVH
| Q4 25 | $1.7B | $128.7M | ||
| Q3 25 | $477.0M | $394.6M | ||
| Q2 25 | $377.8M | $382.5M | ||
| Q1 25 | $415.9M | $300.5M | ||
| Q4 24 | $1.6B | $132.8M | ||
| Q3 24 | $486.2M | $313.6M | ||
| Q2 24 | $380.0M | $369.8M | ||
| Q1 24 | $412.9M | $265.6M |
自由现金流AVBINVH
| Q4 25 | $1.4B | $122.4M | ||
| Q3 25 | $402.2M | $387.8M | ||
| Q2 25 | $317.1M | $374.4M | ||
| Q1 25 | $367.5M | $293.3M | ||
| Q4 24 | $1.4B | $125.0M | ||
| Q3 24 | $434.2M | $305.2M | ||
| Q2 24 | $333.0M | $363.8M | ||
| Q1 24 | $375.4M | $257.1M |
自由现金流率AVBINVH
| Q4 25 | 183.5% | 17.9% | ||
| Q3 25 | 52.5% | 56.4% | ||
| Q2 25 | 41.7% | 54.9% | ||
| Q1 25 | 49.3% | 43.5% | ||
| Q4 24 | 191.0% | 19.0% | ||
| Q3 24 | 59.1% | 46.2% | ||
| Q2 24 | 45.9% | 55.7% | ||
| Q1 24 | 52.7% | 39.8% |
资本支出强度AVBINVH
| Q4 25 | 34.1% | 0.9% | ||
| Q3 25 | 9.8% | 1.0% | ||
| Q2 25 | 8.0% | 1.2% | ||
| Q1 25 | 6.5% | 1.1% | ||
| Q4 24 | 26.1% | 1.2% | ||
| Q3 24 | 7.1% | 1.3% | ||
| Q2 24 | 6.5% | 0.9% | ||
| Q1 24 | 5.3% | 1.3% |
现金转化率AVBINVH
| Q4 25 | 10.07× | 0.89× | ||
| Q3 25 | 1.25× | 2.89× | ||
| Q2 25 | 1.41× | 2.71× | ||
| Q1 25 | 1.76× | 1.81× | ||
| Q4 24 | 5.70× | 0.93× | ||
| Q3 24 | 1.31× | 3.29× | ||
| Q2 24 | 1.50× | 5.05× | ||
| Q1 24 | 2.38× | 1.87× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
