vs
TopBuild Corp（BLD）与First American Financial Corp（FAF）财务数据对比。点击上方公司名可切换其他公司
First American Financial Corp的季度营收约是TopBuild Corp的1.4倍（$2.0B vs $1.5B），First American Financial Corp净利率更高（10.3% vs 7.0%，领先3.3%），First American Financial Corp同比增速更快（21.6% vs 13.2%），First American Financial Corp自由现金流更多（$324.5M vs $159.4M），过去两年First American Financial Corp的营收复合增速更高（19.9% vs 7.8%）
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。
第一美国金融公司是美国知名金融服务企业，主要面向房地产及抵押贷款行业开展业务，核心服务涵盖产权保险、房产交易与抵押业务相关的交割结算服务，在全球地产金融服务领域具备成熟的服务能力与较高的行业认可度。
BLD vs FAF — 直观对比
营收规模更大
FAF
是对方的1.4倍
$1.5B
营收增速更快
FAF
高出8.4%
13.2%
净利率更高
FAF
高出3.3%
7.0%
自由现金流更多
FAF
多$165.1M
$159.4M
两年增速更快
FAF
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.0B |
| 净利润 | $104.5M | $211.9M |
| 毛利率 | 27.2% | — |
| 营业利润率 | 12.1% | 14.0% |
| 净利率 | 7.0% | 10.3% |
| 营收同比 | 13.2% | 21.6% |
| 净利润同比 | -30.6% | 192.7% |
| 每股收益（稀释后） | $3.69 | $2.04 |
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BLDFAF
| Q4 25 | $1.5B | $2.0B | ||
| Q3 25 | $1.4B | $2.0B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.4B | $1.6B | ||
| Q1 24 | $1.3B | $1.4B |
净利润BLDFAF
| Q4 25 | $104.5M | $211.9M | ||
| Q3 25 | $142.2M | $189.6M | ||
| Q2 25 | $151.6M | $146.1M | ||
| Q1 25 | $123.4M | $74.2M | ||
| Q4 24 | $150.5M | $72.4M | ||
| Q3 24 | $169.0M | $-104.0M | ||
| Q2 24 | $150.7M | $116.0M | ||
| Q1 24 | $152.4M | $46.7M |
毛利率BLDFAF
| 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BLDFAF
| Q4 25 | 12.1% | 14.0% | ||
| Q3 25 | 15.4% | 12.5% | ||
| Q2 25 | 16.9% | 10.6% | ||
| Q1 25 | 14.4% | 6.1% | ||
| Q4 24 | 16.6% | 5.9% | ||
| Q3 24 | 17.8% | -10.3% | ||
| Q2 24 | 15.4% | 9.4% | ||
| Q1 24 | 16.8% | 4.1% |
净利率BLDFAF
| Q4 25 | 7.0% | 10.3% | ||
| Q3 25 | 10.2% | 9.6% | ||
| Q2 25 | 11.7% | 7.9% | ||
| Q1 25 | 10.0% | 4.7% | ||
| Q4 24 | 11.5% | 4.3% | ||
| Q3 24 | 12.3% | -7.4% | ||
| Q2 24 | 11.0% | 7.2% | ||
| Q1 24 | 11.9% | 3.3% |
每股收益（稀释后）BLDFAF
| Q4 25 | $3.69 | $2.04 | ||
| Q3 25 | $5.04 | $1.84 | ||
| Q2 25 | $5.32 | $1.41 | ||
| Q1 25 | $4.23 | $0.71 | ||
| Q4 24 | $5.07 | $0.70 | ||
| Q3 24 | $5.65 | $-1.00 | ||
| Q2 24 | $4.78 | $1.11 | ||
| Q1 24 | $4.79 | $0.45 |
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 | $1.4B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.3B | $5.5B |
| 总资产 | $6.6B | $16.2B |
| 负债/权益比越低杠杆越低 | 1.23× | — |
8季度趋势，按日历期对齐
现金及短期投资BLDFAF
| Q4 25 | $184.7M | $1.4B | ||
| Q3 25 | $1.1B | $2.9B | ||
| Q2 25 | $842.5M | $2.0B | ||
| Q1 25 | $308.8M | $2.0B | ||
| Q4 24 | $400.3M | $1.7B | ||
| Q3 24 | $257.3M | $3.0B | ||
| Q2 24 | $463.2M | $2.0B | ||
| Q1 24 | $968.8M | $1.5B |
总债务BLDFAF
| Q4 25 | $2.8B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
股东权益BLDFAF
| Q4 25 | $2.3B | $5.5B | ||
| Q3 25 | $2.2B | $5.3B | ||
| Q2 25 | $2.1B | $5.1B | ||
| Q1 25 | $2.1B | $5.0B | ||
| Q4 24 | $2.2B | $4.9B | ||
| Q3 24 | $2.1B | $5.1B | ||
| Q2 24 | $2.4B | $4.8B | ||
| Q1 24 | $2.7B | $4.8B |
总资产BLDFAF
| Q4 25 | $6.6B | $16.2B | ||
| Q3 25 | $6.4B | $17.6B | ||
| Q2 25 | $5.1B | $16.3B | ||
| Q1 25 | $4.6B | $15.5B | ||
| Q4 24 | $4.7B | $14.9B | ||
| Q3 24 | $4.7B | $16.6B | ||
| Q2 24 | $4.9B | $15.2B | ||
| Q1 24 | $5.3B | $14.7B |
负债/权益比BLDFAF
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | 0.88× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.59× | — | ||
| Q1 24 | 0.52× | — |
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 | $369.3M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $324.5M |
| 自由现金流率自由现金流/营收 | 10.7% | 15.8% |
| 资本支出强度资本支出/营收 | 1.2% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.69× | 1.74× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $762.5M |
8季度趋势，按日历期对齐
经营现金流BLDFAF
| Q4 25 | $176.7M | $369.3M | ||
| Q3 25 | $233.3M | $272.5M | ||
| Q2 25 | $193.7M | $361.8M | ||
| Q1 25 | $152.6M | $-52.8M | ||
| Q4 24 | $266.2M | $324.6M | ||
| Q3 24 | $240.7M | $236.9M | ||
| Q2 24 | $90.4M | $266.7M | ||
| Q1 24 | $178.8M | $69.3M |
自由现金流BLDFAF
| Q4 25 | $159.4M | $324.5M | ||
| Q3 25 | $216.2M | $223.1M | ||
| Q2 25 | $182.2M | $309.4M | ||
| Q1 25 | $139.2M | $-94.5M | ||
| Q4 24 | $253.7M | $266.2M | ||
| Q3 24 | $219.8M | $185.4M | ||
| Q2 24 | $74.3M | $210.0M | ||
| Q1 24 | $158.9M | $17.6M |
自由现金流率BLDFAF
| Q4 25 | 10.7% | 15.8% | ||
| Q3 25 | 15.5% | 11.3% | ||
| Q2 25 | 14.0% | 16.8% | ||
| Q1 25 | 11.3% | -6.0% | ||
| Q4 24 | 19.3% | 15.8% | ||
| Q3 24 | 16.0% | 13.2% | ||
| Q2 24 | 5.4% | 13.0% | ||
| Q1 24 | 12.4% | 1.2% |
资本支出强度BLDFAF
| Q4 25 | 1.2% | 2.2% | ||
| Q3 25 | 1.2% | 2.5% | ||
| Q2 25 | 0.9% | 2.8% | ||
| Q1 25 | 1.1% | 2.6% | ||
| Q4 24 | 1.0% | 3.5% | ||
| Q3 24 | 1.5% | 3.7% | ||
| Q2 24 | 1.2% | 3.5% | ||
| Q1 24 | 1.6% | 3.6% |
现金转化率BLDFAF
| Q4 25 | 1.69× | 1.74× | ||
| Q3 25 | 1.64× | 1.44× | ||
| Q2 25 | 1.28× | 2.48× | ||
| Q1 25 | 1.24× | -0.71× | ||
| Q4 24 | 1.77× | 4.48× | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | 2.30× | ||
| Q1 24 | 1.17× | 1.48× |
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% |
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
