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百富门（BF.B）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
M/I HOMES, INC.的季度营收约是百富门的1.1倍（$1.1B vs $1.0B），百富门净利率更高（21.6% vs 5.6%，领先16.0%），M/I HOMES, INC.同比增速更快（-4.8% vs -5.4%），百富门自由现金流更多（$107.0M vs $-13.0M），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -1.6%）
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
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。
BF.B vs MHO — 直观对比
营收规模更大
MHO
是对方的1.1倍
$1.0B
营收增速更快
MHO
高出0.6%
-5.4%
净利率更高
BF.B
高出16.0%
5.6%
自由现金流更多
BF.B
多$120.0M
$-13.0M
两年增速更快
MHO
近两年复合增速
-1.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.1B |
| 净利润 | $224.0M | $64.0M |
| 毛利率 | 59.4% | 17.4% |
| 营业利润率 | 29.4% | 6.5% |
| 净利率 | 21.6% | 5.6% |
| 营收同比 | -5.4% | -4.8% |
| 净利润同比 | -13.2% | -52.1% |
| 每股收益（稀释后） | $0.47 | $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BF.BMHO
| Q4 25 | $1.0B | $1.1B | ||
| Q3 25 | $924.0M | $1.1B | ||
| Q2 25 | $894.0M | $1.2B | ||
| Q1 25 | $1.0B | $976.1M | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $951.0M | $1.1B | ||
| Q2 24 | $964.0M | $1.1B | ||
| Q1 24 | $1.1B | $1.0B |
净利润BF.BMHO
| Q4 25 | $224.0M | $64.0M | ||
| Q3 25 | $170.0M | $106.5M | ||
| Q2 25 | $146.0M | $121.2M | ||
| Q1 25 | $270.0M | $111.2M | ||
| Q4 24 | $258.0M | $133.5M | ||
| Q3 24 | $195.0M | $145.4M | ||
| Q2 24 | $266.0M | $146.7M | ||
| Q1 24 | $285.0M | $138.1M |
毛利率BF.BMHO
| Q4 25 | 59.4% | 17.4% | ||
| Q3 25 | 59.7% | 24.5% | ||
| Q2 25 | 57.4% | 24.7% | ||
| Q1 25 | 59.8% | 25.9% | ||
| Q4 24 | 59.0% | 24.6% | ||
| Q3 24 | 59.4% | 27.1% | ||
| Q2 24 | 59.0% | 27.9% | ||
| Q1 24 | 59.4% | 27.1% |
营业利润率BF.BMHO
| Q4 25 | 29.4% | 6.5% | ||
| Q3 25 | 28.1% | 12.0% | ||
| Q2 25 | 22.9% | 13.4% | ||
| Q1 25 | 27.1% | 14.4% | ||
| Q4 24 | 31.1% | 13.6% | ||
| Q3 24 | 29.5% | 15.9% | ||
| Q2 24 | 38.9% | 16.8% | ||
| Q1 24 | 34.9% | 16.6% |
净利率BF.BMHO
| Q4 25 | 21.6% | 5.6% | ||
| Q3 25 | 18.4% | 9.4% | ||
| Q2 25 | 16.3% | 10.4% | ||
| Q1 25 | 26.1% | 11.4% | ||
| Q4 24 | 23.6% | 11.1% | ||
| Q3 24 | 20.5% | 12.7% | ||
| Q2 24 | 27.6% | 13.2% | ||
| Q1 24 | 26.7% | 13.2% |
每股收益（稀释后）BF.BMHO
| Q4 25 | $0.47 | $2.42 | ||
| Q3 25 | $0.36 | $3.92 | ||
| Q2 25 | $0.31 | $4.42 | ||
| Q1 25 | $0.57 | $3.98 | ||
| Q4 24 | $0.55 | $4.71 | ||
| Q3 24 | $0.41 | $5.10 | ||
| Q2 24 | $0.56 | $5.12 | ||
| Q1 24 | $0.60 | $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 | $319.0M | — |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $3.2B |
| 总资产 | $8.2B | $4.8B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资BF.BMHO
| Q4 25 | $319.0M | — | ||
| Q3 25 | $471.0M | — | ||
| Q2 25 | $444.0M | — | ||
| Q1 25 | $599.0M | — | ||
| Q4 24 | $416.0M | — | ||
| Q3 24 | $416.0M | — | ||
| Q2 24 | $446.0M | — | ||
| Q1 24 | $589.0M | — |
总债务BF.BMHO
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益BF.BMHO
| Q4 25 | $4.1B | $3.2B | ||
| Q3 25 | $4.0B | $3.1B | ||
| Q2 25 | $4.0B | $3.1B | ||
| Q1 25 | $3.8B | $3.0B | ||
| Q4 24 | $3.7B | $2.9B | ||
| Q3 24 | $3.5B | $2.8B | ||
| Q2 24 | $3.5B | $2.7B | ||
| Q1 24 | $3.2B | $2.6B |
总资产BF.BMHO
| Q4 25 | $8.2B | $4.8B | ||
| Q3 25 | $8.2B | $4.8B | ||
| Q2 25 | $8.1B | $4.7B | ||
| Q1 25 | $8.1B | $4.6B | ||
| Q4 24 | $8.3B | $4.5B | ||
| Q3 24 | $8.2B | $4.5B | ||
| Q2 24 | $8.2B | $4.3B | ||
| Q1 24 | $8.2B | $4.2B |
负债/权益比BF.BMHO
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| 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 | $132.0M | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $-13.0M |
| 自由现金流率自由现金流/营收 | 10.3% | -1.1% |
| 资本支出强度资本支出/营收 | 2.4% | 0.4% |
| 现金转化率经营现金流/净利润 | 0.59× | -0.14× |
| 过去12个月自由现金流最近4个季度 | $610.0M | $127.7M |
8季度趋势，按日历期对齐
经营现金流BF.BMHO
| Q4 25 | $132.0M | $-8.7M | ||
| Q3 25 | $160.0M | $43.4M | ||
| Q2 25 | $152.0M | $37.8M | ||
| Q1 25 | $317.0M | $64.9M | ||
| Q4 24 | $112.0M | $104.4M | ||
| Q3 24 | $17.0M | $-67.9M | ||
| Q2 24 | $285.0M | $27.5M | ||
| Q1 24 | $265.0M | $115.8M |
自由现金流BF.BMHO
| Q4 25 | $107.0M | $-13.0M | ||
| Q3 25 | $129.0M | $42.0M | ||
| Q2 25 | $102.0M | $35.1M | ||
| Q1 25 | $272.0M | $63.5M | ||
| Q4 24 | $81.0M | $102.3M | ||
| Q3 24 | $-24.0M | $-68.5M | ||
| Q2 24 | $205.0M | $22.0M | ||
| Q1 24 | $196.0M | $115.5M |
自由现金流率BF.BMHO
| Q4 25 | 10.3% | -1.1% | ||
| Q3 25 | 14.0% | 3.7% | ||
| Q2 25 | 11.4% | 3.0% | ||
| Q1 25 | 26.3% | 6.5% | ||
| Q4 24 | 7.4% | 8.5% | ||
| Q3 24 | -2.5% | -6.0% | ||
| Q2 24 | 21.3% | 2.0% | ||
| Q1 24 | 18.3% | 11.0% |
资本支出强度BF.BMHO
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 3.4% | 0.1% | ||
| Q2 25 | 5.6% | 0.2% | ||
| Q1 25 | 4.3% | 0.1% | ||
| Q4 24 | 2.8% | 0.2% | ||
| Q3 24 | 4.3% | 0.1% | ||
| Q2 24 | 8.3% | 0.5% | ||
| Q1 24 | 6.5% | 0.0% |
现金转化率BF.BMHO
| Q4 25 | 0.59× | -0.14× | ||
| Q3 25 | 0.94× | 0.41× | ||
| Q2 25 | 1.04× | 0.31× | ||
| Q1 25 | 1.17× | 0.58× | ||
| Q4 24 | 0.43× | 0.78× | ||
| Q3 24 | 0.09× | -0.47× | ||
| Q2 24 | 1.07× | 0.19× | ||
| Q1 24 | 0.93× | 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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
