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TopBuild Corp（BLD）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是TopBuild Corp的1.3倍（$1.9B vs $1.5B），Masco净利率更高（11.9% vs 7.0%，领先4.9%），TopBuild Corp同比增速更快（13.2% vs 6.5%），过去两年TopBuild Corp的营收复合增速更高（7.8% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
BLD vs MAS — 直观对比
营收规模更大
MAS
是对方的1.3倍
$1.5B
营收增速更快
BLD
高出6.7%
6.5%
净利率更高
MAS
高出4.9%
7.0%
两年增速更快
BLD
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $104.5M | $228.0M |
| 毛利率 | 27.2% | 35.8% |
| 营业利润率 | 12.1% | 16.5% |
| 净利率 | 7.0% | 11.9% |
| 营收同比 | 13.2% | 6.5% |
| 净利润同比 | -30.6% | 14.5% |
| 每股收益（稀释后） | $3.69 | — |
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BLDMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.4B | $2.0B | ||
| Q2 24 | $1.4B | $2.1B |
净利润BLDMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $104.5M | $165.0M | ||
| Q3 25 | $142.2M | $189.0M | ||
| Q2 25 | $151.6M | $270.0M | ||
| Q1 25 | $123.4M | $186.0M | ||
| Q4 24 | $150.5M | $182.0M | ||
| Q3 24 | $169.0M | $167.0M | ||
| Q2 24 | $150.7M | $258.0M |
毛利率BLDMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 27.2% | 33.9% | ||
| Q3 25 | 30.1% | 34.2% | ||
| Q2 25 | 30.4% | 37.6% | ||
| Q1 25 | 28.5% | 35.8% | ||
| Q4 24 | 29.9% | 34.8% | ||
| Q3 24 | 30.7% | 36.6% | ||
| Q2 24 | 31.0% | 37.5% |
营业利润率BLDMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 12.1% | 13.8% | ||
| Q3 25 | 15.4% | 15.8% | ||
| Q2 25 | 16.9% | 20.1% | ||
| Q1 25 | 14.4% | 15.9% | ||
| Q4 24 | 16.6% | 15.9% | ||
| Q3 24 | 17.8% | 18.0% | ||
| Q2 24 | 15.4% | 19.0% |
净利率BLDMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 7.0% | 9.2% | ||
| Q3 25 | 10.2% | 9.9% | ||
| Q2 25 | 11.7% | 13.2% | ||
| Q1 25 | 10.0% | 10.3% | ||
| Q4 24 | 11.5% | 10.0% | ||
| Q3 24 | 12.3% | 8.4% | ||
| Q2 24 | 11.0% | 12.3% |
每股收益（稀释后）BLDMAS
| Q1 26 | — | — | ||
| Q4 25 | $3.69 | $0.81 | ||
| Q3 25 | $5.04 | $0.90 | ||
| Q2 25 | $5.32 | $1.28 | ||
| Q1 25 | $4.23 | $0.87 | ||
| Q4 24 | $5.07 | $0.85 | ||
| Q3 24 | $5.65 | $0.77 | ||
| Q2 24 | $4.78 | $1.17 |
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 | — |
| 总债务越低越好 | $2.8B | $2.9B |
| 股东权益账面价值 | $2.3B | $27.0M |
| 总资产 | $6.6B | $5.2B |
| 负债/权益比越低杠杆越低 | 1.23× | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资BLDMAS
| Q1 26 | — | — | ||
| Q4 25 | $184.7M | $647.0M | ||
| Q3 25 | $1.1B | $559.0M | ||
| Q2 25 | $842.5M | $390.0M | ||
| Q1 25 | $308.8M | $377.0M | ||
| Q4 24 | $400.3M | $634.0M | ||
| Q3 24 | $257.3M | $646.0M | ||
| Q2 24 | $463.2M | $398.0M |
总债务BLDMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.8B | $2.9B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益BLDMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $2.3B | $-185.0M | ||
| Q3 25 | $2.2B | $-78.0M | ||
| Q2 25 | $2.1B | $-84.0M | ||
| Q1 25 | $2.1B | $-254.0M | ||
| Q4 24 | $2.2B | $-279.0M | ||
| Q3 24 | $2.1B | $-88.0M | ||
| Q2 24 | $2.4B | $-26.0M |
总资产BLDMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $6.6B | $5.2B | ||
| Q3 25 | $6.4B | $5.3B | ||
| Q2 25 | $5.1B | $5.3B | ||
| Q1 25 | $4.6B | $5.1B | ||
| Q4 24 | $4.7B | $5.0B | ||
| Q3 24 | $4.7B | $5.3B | ||
| Q2 24 | $4.9B | $5.4B |
负债/权益比BLDMAS
| Q1 26 | — | 109.07× | ||
| 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× | — |
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 | — |
| 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% | 1.8% |
| 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BLDMAS
| Q1 26 | — | — | ||
| Q4 25 | $176.7M | $418.0M | ||
| Q3 25 | $233.3M | $456.0M | ||
| Q2 25 | $193.7M | $306.0M | ||
| Q1 25 | $152.6M | $-158.0M | ||
| Q4 24 | $266.2M | $407.0M | ||
| Q3 24 | $240.7M | $416.0M | ||
| Q2 24 | $90.4M | $346.0M |
自由现金流BLDMAS
| Q1 26 | — | — | ||
| Q4 25 | $159.4M | $371.0M | ||
| Q3 25 | $216.2M | $415.0M | ||
| Q2 25 | $182.2M | $270.0M | ||
| Q1 25 | $139.2M | $-190.0M | ||
| Q4 24 | $253.7M | $351.0M | ||
| Q3 24 | $219.8M | $378.0M | ||
| Q2 24 | $74.3M | $303.0M |
自由现金流率BLDMAS
| Q1 26 | — | — | ||
| Q4 25 | 10.7% | 20.7% | ||
| Q3 25 | 15.5% | 21.6% | ||
| Q2 25 | 14.0% | 13.2% | ||
| Q1 25 | 11.3% | -10.5% | ||
| Q4 24 | 19.3% | 19.2% | ||
| Q3 24 | 16.0% | 19.1% | ||
| Q2 24 | 5.4% | 14.5% |
资本支出强度BLDMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 1.2% | 2.1% | ||
| Q2 25 | 0.9% | 1.8% | ||
| Q1 25 | 1.1% | 1.8% | ||
| Q4 24 | 1.0% | 3.1% | ||
| Q3 24 | 1.5% | 1.9% | ||
| Q2 24 | 1.2% | 2.1% |
现金转化率BLDMAS
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | 2.53× | ||
| Q3 25 | 1.64× | 2.41× | ||
| Q2 25 | 1.28× | 1.13× | ||
| Q1 25 | 1.24× | -0.85× | ||
| Q4 24 | 1.77× | 2.24× | ||
| Q3 24 | 1.42× | 2.49× | ||
| Q2 24 | 0.60× | 1.34× |
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% |
MAS
暂无分部数据
