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艾仕得（AXTA）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
艾仕得的季度营收约是M/I HOMES, INC.的1.1倍（$1.3B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs 4.8%，领先0.8%），艾仕得同比增速更快（-3.7% vs -4.8%），艾仕得自由现金流更多（$286.0M vs $-13.0M），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -1.2%）
艾仕得是源自美国的专业涂料供应商，总部位于宾夕法尼亚州费城，注册地为百慕大。公司主营乘用车、商用车、工业场景及修补用途涂料的研发与生产，业务覆盖全球130个国家，拥有近1.3万名员工，服务超10万家客户。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
AXTA vs MHO — 直观对比
营收规模更大
AXTA
是对方的1.1倍
$1.1B
营收增速更快
AXTA
高出1.1%
-4.8%
净利率更高
MHO
高出0.8%
4.8%
自由现金流更多
AXTA
多$299.0M
$-13.0M
两年增速更快
MHO
近两年复合增速
-1.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.1B |
| 净利润 | $60.0M | $64.0M |
| 毛利率 | 33.4% | 17.4% |
| 营业利润率 | 12.8% | 6.5% |
| 净利率 | 4.8% | 5.6% |
| 营收同比 | -3.7% | -4.8% |
| 净利润同比 | -56.2% | -52.1% |
| 每股收益（稀释后） | $0.28 | $2.42 |
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AXTAMHO
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $976.1M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
净利润AXTAMHO
| Q4 25 | $60.0M | $64.0M | ||
| Q3 25 | $110.0M | $106.5M | ||
| Q2 25 | $109.0M | $121.2M | ||
| Q1 25 | $99.0M | $111.2M | ||
| Q4 24 | $137.0M | $133.5M | ||
| Q3 24 | $101.0M | $145.4M | ||
| Q2 24 | $112.0M | $146.7M | ||
| Q1 24 | $41.0M | $138.1M |
毛利率AXTAMHO
| Q4 25 | 33.4% | 17.4% | ||
| Q3 25 | 34.9% | 24.5% | ||
| Q2 25 | 35.0% | 24.7% | ||
| Q1 25 | 34.3% | 25.9% | ||
| Q4 24 | 34.1% | 24.6% | ||
| Q3 24 | 35.0% | 27.1% | ||
| Q2 24 | 34.0% | 27.9% | ||
| Q1 24 | 33.2% | 27.1% |
营业利润率AXTAMHO
| Q4 25 | 12.8% | 6.5% | ||
| Q3 25 | 15.8% | 12.0% | ||
| Q2 25 | 14.8% | 13.4% | ||
| Q1 25 | 13.9% | 14.4% | ||
| Q4 24 | 14.3% | 13.6% | ||
| Q3 24 | 14.6% | 15.9% | ||
| Q2 24 | 15.2% | 16.8% | ||
| Q1 24 | 9.4% | 16.6% |
净利率AXTAMHO
| Q4 25 | 4.8% | 5.6% | ||
| Q3 25 | 8.5% | 9.4% | ||
| Q2 25 | 8.4% | 10.4% | ||
| Q1 25 | 7.8% | 11.4% | ||
| Q4 24 | 10.5% | 11.1% | ||
| Q3 24 | 7.7% | 12.7% | ||
| Q2 24 | 8.3% | 13.2% | ||
| Q1 24 | 3.2% | 13.2% |
每股收益（稀释后）AXTAMHO
| Q4 25 | $0.28 | $2.42 | ||
| Q3 25 | $0.51 | $3.92 | ||
| Q2 25 | $0.50 | $4.42 | ||
| Q1 25 | $0.45 | $3.98 | ||
| Q4 24 | $0.63 | $4.71 | ||
| Q3 24 | $0.46 | $5.10 | ||
| Q2 24 | $0.51 | $5.12 | ||
| Q1 24 | $0.18 | $4.78 |
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 | $657.0M | — |
| 总债务越低越好 | $3.2B | — |
| 股东权益账面价值 | $2.3B | $3.2B |
| 总资产 | $7.6B | $4.8B |
| 负债/权益比越低杠杆越低 | 1.36× | — |
8季度趋势，按日历期对齐
现金及短期投资AXTAMHO
| Q4 25 | $657.0M | — | ||
| Q3 25 | $606.0M | — | ||
| Q2 25 | $625.0M | — | ||
| Q1 25 | $575.0M | — | ||
| Q4 24 | $593.0M | — | ||
| Q3 24 | $567.0M | — | ||
| Q2 24 | $840.0M | — | ||
| Q1 24 | $624.0M | — |
总债务AXTAMHO
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.4B | — | ||
| Q2 25 | $3.4B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.4B | — |
股东权益AXTAMHO
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $2.3B | $3.1B | ||
| Q2 25 | $2.3B | $3.1B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $1.9B | $2.9B | ||
| Q3 24 | $1.9B | $2.8B | ||
| Q2 24 | $1.8B | $2.7B | ||
| Q1 24 | $1.7B | $2.6B |
总资产AXTAMHO
| Q4 25 | $7.6B | $4.8B | ||
| Q3 25 | $7.8B | $4.8B | ||
| Q2 25 | $7.8B | $4.7B | ||
| Q1 25 | $7.4B | $4.6B | ||
| Q4 24 | $7.2B | $4.5B | ||
| Q3 24 | $7.5B | $4.5B | ||
| Q2 24 | $7.3B | $4.3B | ||
| Q1 24 | $7.1B | $4.2B |
负债/权益比AXTAMHO
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 1.50× | — | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.78× | — | ||
| Q3 24 | 1.84× | — | ||
| Q2 24 | 2.02× | — | ||
| Q1 24 | 1.97× | — |
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 | $344.0M | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $286.0M | $-13.0M |
| 自由现金流率自由现金流/营收 | 22.7% | -1.1% |
| 资本支出强度资本支出/营收 | 4.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 5.73× | -0.14× |
| 过去12个月自由现金流最近4个季度 | $453.0M | $127.7M |
8季度趋势，按日历期对齐
经营现金流AXTAMHO
| Q4 25 | $344.0M | $-8.7M | ||
| Q3 25 | $137.0M | $43.4M | ||
| Q2 25 | $142.0M | $37.8M | ||
| Q1 25 | $26.0M | $64.9M | ||
| Q4 24 | $234.0M | $104.4M | ||
| Q3 24 | $194.0M | $-67.9M | ||
| Q2 24 | $114.0M | $27.5M | ||
| Q1 24 | $34.0M | $115.8M |
自由现金流AXTAMHO
| Q4 25 | $286.0M | $-13.0M | ||
| Q3 25 | $87.0M | $42.0M | ||
| Q2 25 | $97.0M | $35.1M | ||
| Q1 25 | $-17.0M | $63.5M | ||
| Q4 24 | $172.0M | $102.3M | ||
| Q3 24 | $161.0M | $-68.5M | ||
| Q2 24 | $91.0M | $22.0M | ||
| Q1 24 | $12.0M | $115.5M |
自由现金流率AXTAMHO
| Q4 25 | 22.7% | -1.1% | ||
| Q3 25 | 6.8% | 3.7% | ||
| Q2 25 | 7.4% | 3.0% | ||
| Q1 25 | -1.3% | 6.5% | ||
| Q4 24 | 13.1% | 8.5% | ||
| Q3 24 | 12.2% | -6.0% | ||
| Q2 24 | 6.7% | 2.0% | ||
| Q1 24 | 0.9% | 11.0% |
资本支出强度AXTAMHO
| Q4 25 | 4.6% | 0.4% | ||
| Q3 25 | 3.9% | 0.1% | ||
| Q2 25 | 3.4% | 0.2% | ||
| Q1 25 | 3.4% | 0.1% | ||
| Q4 24 | 4.7% | 0.2% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 1.7% | 0.5% | ||
| Q1 24 | 1.7% | 0.0% |
现金转化率AXTAMHO
| Q4 25 | 5.73× | -0.14× | ||
| Q3 25 | 1.25× | 0.41× | ||
| Q2 25 | 1.30× | 0.31× | ||
| Q1 25 | 0.26× | 0.58× | ||
| Q4 24 | 1.71× | 0.78× | ||
| Q3 24 | 1.92× | -0.47× | ||
| Q2 24 | 1.02× | 0.19× | ||
| Q1 24 | 0.83× | 0.84× |
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
AXTA
| Refinish | $509.0M | 40% |
| Light Vehicle | $372.0M | 29% |
| Industrial | $282.0M | 22% |
| Commercial Vehicle | $99.0M | 8% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
