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Bluerock Homes Trust, Inc.（BHM）与ANNALY CAPITAL MANAGEMENT INC（NLY）财务数据对比。点击上方公司名可切换其他公司
ANNALY CAPITAL MANAGEMENT INC的季度营收约是Bluerock Homes Trust, Inc.的19.4倍（$366.6M vs $18.9M）。ANNALY CAPITAL MANAGEMENT INC净利率更高（276.5% vs -50.1%，领先326.6%）。ANNALY CAPITAL MANAGEMENT INC同比增速更快（95.7% vs 36.9%）
Bluerock Homes Trust, Inc.是一家总部位于美国的房地产投资信托企业，主要收购、持有并运营优质单户住宅租赁资产，面向美国高增长郊区市场的中等收入租户，聚焦人口基本面向好、租赁需求旺盛的区域布局。
Annaly Capital Management是全球规模最大的抵押型房地产投资信托之一，注册地位于美国马里兰州，总部设立于纽约市，专注于抵押类不动产相关资产的投资运营，在北美地产投资领域具备丰富经验与较高市场认可度。
BHM vs NLY — 直观对比
营收规模更大
NLY
是对方的19.4倍
$18.9M
营收增速更快
NLY
高出58.8%
36.9%
净利率更高
NLY
高出326.6%
-50.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $366.6M |
| 净利润 | $-9.5M | $1.0B |
| 毛利率 | — | — |
| 营业利润率 | -48.8% | — |
| 净利率 | -50.1% | 276.5% |
| 营收同比 | 36.9% | 95.7% |
| 净利润同比 | -29.9% | 110.2% |
| 每股收益（稀释后） | $-0.75 | $1.54 |
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BHMNLY
| Q4 25 | $18.9M | $366.6M | ||
| Q3 25 | $16.6M | $275.8M | ||
| Q2 25 | $16.8M | $273.2M | ||
| Q1 25 | $16.4M | $220.0M | ||
| Q4 24 | $13.8M | $187.3M | ||
| Q3 24 | $12.7M | $13.4M | ||
| Q2 24 | $12.5M | $53.6M | ||
| Q1 24 | $11.2M | $-6.5M |
净利润BHMNLY
| Q4 25 | $-9.5M | $1.0B | ||
| Q3 25 | $-10.0M | $832.4M | ||
| Q2 25 | $-5.8M | $57.1M | ||
| Q1 25 | $-7.3M | $124.2M | ||
| Q4 24 | $-7.3M | $482.1M | ||
| Q3 24 | $3.5M | $66.4M | ||
| Q2 24 | $-5.2M | $-9.5M | ||
| Q1 24 | $-3.2M | $462.9M |
营业利润率BHMNLY
| Q4 25 | -48.8% | — | ||
| Q3 25 | -57.6% | — | ||
| Q2 25 | -30.9% | 22.3% | ||
| Q1 25 | -42.6% | 63.0% | ||
| Q4 24 | -52.8% | — | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | -41.3% | 5.8% | ||
| Q1 24 | -28.4% | — |
净利率BHMNLY
| Q4 25 | -50.1% | 276.5% | ||
| Q3 25 | -60.0% | 301.9% | ||
| Q2 25 | -34.7% | 20.9% | ||
| Q1 25 | -44.7% | 56.5% | ||
| Q4 24 | -52.8% | 257.4% | ||
| Q3 24 | 27.9% | 495.8% | ||
| Q2 24 | -41.3% | -17.7% | ||
| Q1 24 | -28.4% | -7175.5% |
每股收益（稀释后）BHMNLY
| Q4 25 | $-0.75 | $1.54 | ||
| Q3 25 | $-0.94 | $1.20 | ||
| Q2 25 | $-0.66 | $0.03 | ||
| Q1 25 | $-0.67 | $0.15 | ||
| Q4 24 | $-0.65 | $0.81 | ||
| Q3 24 | $0.24 | $0.05 | ||
| Q2 24 | $-0.42 | $-0.09 | ||
| Q1 24 | $-0.27 | $0.85 |
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 | $169.6M | — |
| 总债务越低越好 | $428.4M | — |
| 股东权益账面价值 | $128.7M | $16.1B |
| 总资产 | $1.2B | $135.6B |
| 负债/权益比越低杠杆越低 | 3.33× | — |
8季度趋势，按日历期对齐
现金及短期投资BHMNLY
| Q4 25 | $169.6M | — | ||
| Q3 25 | $2.1M | — | ||
| Q2 25 | $4.2M | — | ||
| Q1 25 | $3.0M | — | ||
| Q4 24 | $115.2M | — | ||
| Q3 24 | $155.1M | — | ||
| Q2 24 | $116.0M | — | ||
| Q1 24 | $92.3M | — |
总债务BHMNLY
| Q4 25 | $428.4M | — | ||
| Q3 25 | $415.9M | — | ||
| Q2 25 | $338.6M | — | ||
| Q1 25 | $336.5M | — | ||
| Q4 24 | $373.8M | — | ||
| Q3 24 | $122.5M | — | ||
| Q2 24 | $119.7M | — | ||
| Q1 24 | $120.2M | — |
股东权益BHMNLY
| Q4 25 | $128.7M | $16.1B | ||
| Q3 25 | $131.7M | $14.9B | ||
| Q2 25 | $135.3M | $13.4B | ||
| Q1 25 | $137.1M | $13.0B | ||
| Q4 24 | $139.1M | $12.6B | ||
| Q3 24 | $142.9M | $12.4B | ||
| Q2 24 | $142.5M | $11.2B | ||
| Q1 24 | $144.5M | $11.4B |
总资产BHMNLY
| Q4 25 | $1.2B | $135.6B | ||
| Q3 25 | $222.1M | $125.9B | ||
| Q2 25 | $220.3M | $112.1B | ||
| Q1 25 | $186.2M | $105.1B | ||
| Q4 24 | $967.0M | $103.6B | ||
| Q3 24 | $800.8M | $101.5B | ||
| Q2 24 | $756.2M | $93.7B | ||
| Q1 24 | $727.4M | $91.5B |
负债/权益比BHMNLY
| Q4 25 | 3.33× | — | ||
| Q3 25 | 3.16× | — | ||
| Q2 25 | 2.50× | — | ||
| Q1 25 | 2.45× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 0.86× | — | ||
| Q2 24 | 0.84× | — | ||
| Q1 24 | 0.83× | — |
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 | $-491.0K | $644.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.2M | — |
| 自由现金流率自由现金流/营收 | -22.1% | — |
| 资本支出强度资本支出/营收 | 19.6% | — |
| 现金转化率经营现金流/净利润 | — | 0.64× |
| 过去12个月自由现金流最近4个季度 | $10.4M | — |
8季度趋势，按日历期对齐
经营现金流BHMNLY
| Q4 25 | $-491.0K | $644.3M | ||
| Q3 25 | $13.4M | $24.1M | ||
| Q2 25 | $13.9M | $180.7M | ||
| Q1 25 | $951.0K | $-156.3M | ||
| Q4 24 | $5.0M | $2.8B | ||
| Q3 24 | $1.7M | $-1.7B | ||
| Q2 24 | $1.3M | $477.1M | ||
| Q1 24 | $1.1M | $1.7B |
自由现金流BHMNLY
| Q4 25 | $-4.2M | — | ||
| Q3 25 | $8.7M | — | ||
| Q2 25 | $8.8M | — | ||
| Q1 25 | $-2.9M | — | ||
| Q4 24 | $1.6M | — | ||
| Q3 24 | $-601.0K | — | ||
| Q2 24 | $-654.0K | — | ||
| Q1 24 | $-630.0K | — |
自由现金流率BHMNLY
| Q4 25 | -22.1% | — | ||
| Q3 25 | 52.4% | — | ||
| Q2 25 | 52.2% | — | ||
| Q1 25 | -17.6% | — | ||
| Q4 24 | 11.8% | — | ||
| Q3 24 | -4.7% | — | ||
| Q2 24 | -5.2% | — | ||
| Q1 24 | -5.6% | — |
资本支出强度BHMNLY
| Q4 25 | 19.6% | — | ||
| Q3 25 | 28.5% | — | ||
| Q2 25 | 30.3% | — | ||
| Q1 25 | 23.4% | — | ||
| Q4 24 | 24.4% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 15.3% | — | ||
| Q1 24 | 15.5% | — |
现金转化率BHMNLY
| Q4 25 | — | 0.64× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 3.17× | ||
| Q1 25 | — | -1.26× | ||
| Q4 24 | — | 5.83× | ||
| Q3 24 | 0.47× | -25.18× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 3.67× |
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
BHM
| Residential Communities Segment | $11.4M | 61% |
| Scattered Single Family Homes Segment | $7.5M | 39% |
NLY
暂无分部数据
