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Brookfield Infrastructure Corp（BIPC）与Meritage Homes CORP（MTH）财务数据对比。点击上方公司名可切换其他公司
Meritage Homes CORP的季度营收约是Brookfield Infrastructure Corp的1.6倍（$1.4B vs $866.0M），Meritage Homes CORP净利率更高（17.7% vs -35.7%，领先53.4%），Meritage Homes CORP同比增速更快（10.5% vs -4.6%）
布鲁克菲尔德基础设施合伙公司是一家公开上市的有限合伙企业，总部位于加拿大多伦多，核心业务为在全球范围内开展基础设施资产的收购、运营与管理，在全球基础设施投资领域拥有深厚的行业积累与较强的市场影响力。
Meritage Homes Corporation是美国上市房地产开发企业，主营全美范围内各类独栋住宅建造业务，按2023年房屋销量计算为美国第五大住宅建筑商，同时在亚利桑那州开发活跃长者社区及高端地产项目。
BIPC vs MTH — 直观对比
营收规模更大
MTH
是对方的1.6倍
$866.0M
营收增速更快
MTH
高出15.2%
-4.6%
净利率更高
MTH
高出53.4%
-35.7%
损益表 — Q2 FY2025 vs Q2 FY2022
| 指标 | | |
|---|---|---|
| 营收 | $866.0M | $1.4B |
| 净利润 | $-309.0M | $250.1M |
| 毛利率 | 65.0% | 31.5% |
| 营业利润率 | 62.7% | 23.5% |
| 净利率 | -35.7% | 17.7% |
| 营收同比 | -4.6% | 10.5% |
| 净利润同比 | -148.1% | 49.4% |
| 每股收益（稀释后） | — | $6.77 |
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BIPCMTH
| Q2 25 | $866.0M | — | ||
| Q2 24 | $908.0M | — | ||
| Q2 23 | $538.0M | — | ||
| Q2 22 | $479.0M | $1.4B |
净利润BIPCMTH
| Q2 25 | $-309.0M | — | ||
| Q2 24 | $643.0M | — | ||
| Q2 23 | $-154.0M | — | ||
| Q2 22 | $842.0M | $250.1M |
毛利率BIPCMTH
| Q2 25 | 65.0% | — | ||
| Q2 24 | 63.8% | — | ||
| Q2 23 | 72.3% | — | ||
| Q2 22 | 72.7% | 31.5% |
营业利润率BIPCMTH
| Q2 25 | 62.7% | — | ||
| Q2 24 | 61.9% | — | ||
| Q2 23 | 69.1% | — | ||
| Q2 22 | 69.1% | 23.5% |
净利率BIPCMTH
| Q2 25 | -35.7% | — | ||
| Q2 24 | 70.8% | — | ||
| Q2 23 | -28.6% | — | ||
| Q2 22 | 175.8% | 17.7% |
每股收益（稀释后）BIPCMTH
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | $6.77 |
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 | $1.2B | $272.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.2B | $3.4B |
| 总资产 | $23.9B | $5.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BIPCMTH
| Q2 25 | $1.2B | — | ||
| Q2 24 | $466.0M | — | ||
| Q2 23 | $356.0M | — | ||
| Q2 22 | $512.0M | $272.1M |
股东权益BIPCMTH
| Q2 25 | $2.2B | — | ||
| Q2 24 | $3.5B | — | ||
| Q2 23 | $-764.0M | — | ||
| Q2 22 | $-1.1B | $3.4B |
总资产BIPCMTH
| Q2 25 | $23.9B | — | ||
| Q2 24 | $23.7B | — | ||
| Q2 23 | $11.0B | — | ||
| Q2 22 | $10.0B | $5.3B |
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 | $478.0M | $-219.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-225.4M |
| 自由现金流率自由现金流/营收 | — | -16.0% |
| 资本支出强度资本支出/营收 | — | 0.5% |
| 现金转化率经营现金流/净利润 | — | -0.88× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BIPCMTH
| Q2 25 | $478.0M | — | ||
| Q2 24 | $511.0M | — | ||
| Q2 23 | $265.0M | — | ||
| Q2 22 | $232.0M | $-219.0M |
自由现金流BIPCMTH
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | $-225.4M |
自由现金流率BIPCMTH
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | -16.0% |
资本支出强度BIPCMTH
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | 0.5% |
现金转化率BIPCMTH
| Q2 25 | — | — | ||
| Q2 24 | 0.79× | — | ||
| Q2 23 | — | — | ||
| Q2 22 | 0.28× | -0.88× |
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
BIPC
暂无分部数据
MTH
| Home Building | $1.4B | 100% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $9.8M | 1% |
| Financial Service | $5.1M | 0% |
| Land Closing | $3.4M | 0% |
