vs
TopBuild Corp（BLD）与CIVITAS RESOURCES, INC.（CIVI）财务数据对比。点击上方公司名可切换其他公司
TopBuild Corp的季度营收约是CIVITAS RESOURCES, INC.的1.3倍（$1.5B vs $1.2B），TopBuild Corp同比增速更快（13.2% vs -8.2%），过去两年TopBuild Corp的营收复合增速更高（7.8% vs 1.8%）
HashiCorp是总部位于美国加利福尼亚州旧金山的软件企业，2012年由米切尔·桥本与阿蒙·达德加创立，采用免费增值商业模式，为开发、运维及安全从业人员提供云基础设施配置、防护、运行与连接相关的工具及产品。
Civitas Resources是一家总部位于美国的可持续能源企业，主要从事石油、天然气及天然气凝液的勘探、开发与生产业务，核心运营区域位于科罗拉多州丹佛-朱尔斯堡盆地，专注于低排放的负责任能源开发，服务北美能源市场需求。
BLD vs CIVI — 直观对比
营收规模更大
BLD
是对方的1.3倍
$1.2B
营收增速更快
BLD
高出21.4%
-8.2%
两年增速更快
BLD
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.2B |
| 净利润 | $104.5M | — |
| 毛利率 | 27.2% | — |
| 营业利润率 | 12.1% | 20.0% |
| 净利率 | 7.0% | — |
| 营收同比 | 13.2% | -8.2% |
| 净利润同比 | -30.6% | — |
| 每股收益（稀释后） | $3.69 | $1.99 |
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BLDCIVI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.3B | $1.3B |
净利润BLDCIVI
| Q4 25 | $104.5M | — | ||
| Q3 25 | $142.2M | — | ||
| Q2 25 | $151.6M | — | ||
| Q1 25 | $123.4M | — | ||
| Q4 24 | $150.5M | — | ||
| Q3 24 | $169.0M | — | ||
| Q2 24 | $150.7M | — | ||
| Q1 24 | $152.4M | — |
毛利率BLDCIVI
| Q4 25 | 27.2% | — | ||
| Q3 25 | 30.1% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.9% | — | ||
| Q3 24 | 30.7% | — | ||
| Q2 24 | 31.0% | — | ||
| Q1 24 | 30.3% | — |
营业利润率BLDCIVI
| Q4 25 | 12.1% | — | ||
| Q3 25 | 15.4% | 20.0% | ||
| Q2 25 | 16.9% | 15.3% | ||
| Q1 25 | 14.4% | 20.7% | ||
| Q4 24 | 16.6% | 15.4% | ||
| Q3 24 | 17.8% | 30.6% | ||
| Q2 24 | 15.4% | 21.6% | ||
| Q1 24 | 16.8% | 15.9% |
净利率BLDCIVI
| Q4 25 | 7.0% | — | ||
| Q3 25 | 10.2% | — | ||
| Q2 25 | 11.7% | — | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 11.5% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 11.9% | — |
每股收益（稀释后）BLDCIVI
| Q4 25 | $3.69 | — | ||
| Q3 25 | $5.04 | $1.99 | ||
| Q2 25 | $5.32 | $1.34 | ||
| Q1 25 | $4.23 | $1.99 | ||
| Q4 24 | $5.07 | $1.56 | ||
| Q3 24 | $5.65 | $3.01 | ||
| Q2 24 | $4.78 | $2.15 | ||
| Q1 24 | $4.79 | $1.74 |
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 | $184.7M | $56.0M |
| 总债务越低越好 | $2.8B | $5.1B |
| 股东权益账面价值 | $2.3B | $6.7B |
| 总资产 | $6.6B | $15.1B |
| 负债/权益比越低杠杆越低 | 1.23× | 0.77× |
8季度趋势，按日历期对齐
现金及短期投资BLDCIVI
| Q4 25 | $184.7M | — | ||
| Q3 25 | $1.1B | $56.0M | ||
| Q2 25 | $842.5M | $69.0M | ||
| Q1 25 | $308.8M | $20.0M | ||
| Q4 24 | $400.3M | $76.0M | ||
| Q3 24 | $257.3M | $47.1M | ||
| Q2 24 | $463.2M | $91.9M | ||
| Q1 24 | $968.8M | $52.1M |
总债务BLDCIVI
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | $5.1B | ||
| Q2 25 | $1.9B | $5.4B | ||
| Q1 25 | $1.4B | $5.1B | ||
| Q4 24 | $1.4B | $4.5B | ||
| Q3 24 | $1.4B | $4.8B | ||
| Q2 24 | $1.4B | $4.9B | ||
| Q1 24 | $1.4B | $4.4B |
股东权益BLDCIVI
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $6.7B | ||
| Q2 25 | $2.1B | $6.8B | ||
| Q1 25 | $2.1B | $6.7B | ||
| Q4 24 | $2.2B | $6.6B | ||
| Q3 24 | $2.1B | $6.7B | ||
| Q2 24 | $2.4B | $6.6B | ||
| Q1 24 | $2.7B | $6.6B |
总资产BLDCIVI
| Q4 25 | $6.6B | — | ||
| Q3 25 | $6.4B | $15.1B | ||
| Q2 25 | $5.1B | $15.4B | ||
| Q1 25 | $4.6B | $15.3B | ||
| Q4 24 | $4.7B | $14.9B | ||
| Q3 24 | $4.7B | $15.0B | ||
| Q2 24 | $4.9B | $15.0B | ||
| Q1 24 | $5.3B | $15.1B |
负债/权益比BLDCIVI
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | 0.77× | ||
| Q2 25 | 0.88× | 0.79× | ||
| Q1 25 | 0.65× | 0.76× | ||
| Q4 24 | 0.62× | 0.68× | ||
| Q3 24 | 0.66× | 0.73× | ||
| Q2 24 | 0.59× | 0.74× | ||
| Q1 24 | 0.52× | 0.67× |
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 | $176.7M | $860.0M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | — |
| 自由现金流率自由现金流/营收 | 10.7% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 1.69× | — |
| 过去12个月自由现金流最近4个季度 | $696.9M | — |
8季度趋势，按日历期对齐
经营现金流BLDCIVI
| Q4 25 | $176.7M | — | ||
| Q3 25 | $233.3M | $860.0M | ||
| Q2 25 | $193.7M | $298.0M | ||
| Q1 25 | $152.6M | $719.0M | ||
| Q4 24 | $266.2M | $858.2M | ||
| Q3 24 | $240.7M | $835.0M | ||
| Q2 24 | $90.4M | $359.0M | ||
| Q1 24 | $178.8M | $813.0M |
自由现金流BLDCIVI
| Q4 25 | $159.4M | — | ||
| Q3 25 | $216.2M | — | ||
| Q2 25 | $182.2M | — | ||
| Q1 25 | $139.2M | — | ||
| Q4 24 | $253.7M | — | ||
| Q3 24 | $219.8M | — | ||
| Q2 24 | $74.3M | — | ||
| Q1 24 | $158.9M | — |
自由现金流率BLDCIVI
| Q4 25 | 10.7% | — | ||
| Q3 25 | 15.5% | — | ||
| Q2 25 | 14.0% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 16.0% | — | ||
| Q2 24 | 5.4% | — | ||
| Q1 24 | 12.4% | — |
资本支出强度BLDCIVI
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 1.0% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 1.6% | — |
现金转化率BLDCIVI
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | — | ||
| Q1 24 | 1.17× | — |
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
BLD
| Distribution Segment | $755.4M | 51% |
| Residential | $557.9M | 38% |
| All Other Products | $91.9M | 6% |
| Glass And Windows | $51.5M | 3% |
| Rain Gutters | $27.1M | 2% |
CIVI
| Crude Oil Natural Gas And Natural Gas Liquids | $1.2B | 99% |
| Oil And Gas Operation And Maintenance | $8.0M | 1% |
| Natural Gas Reserves | $2.0M | 0% |
