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TopBuild Corp（BLD）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
TopBuild Corp的季度营收约是M/I HOMES, INC.的1.3倍（$1.5B vs $1.1B），TopBuild Corp净利率更高（7.0% vs 5.6%，领先1.5%），TopBuild Corp同比增速更快（13.2% vs -4.8%），TopBuild Corp自由现金流更多（$159.4M vs $-13.0M），过去两年TopBuild Corp的营收复合增速更高（7.8% vs 4.7%）
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。
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。
BLD vs MHO — 直观对比
营收规模更大
BLD
是对方的1.3倍
$1.1B
营收增速更快
BLD
高出18.0%
-4.8%
净利率更高
BLD
高出1.5%
5.6%
自由现金流更多
BLD
多$172.3M
$-13.0M
两年增速更快
BLD
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.1B |
| 净利润 | $104.5M | $64.0M |
| 毛利率 | 27.2% | 17.4% |
| 营业利润率 | 12.1% | 6.5% |
| 净利率 | 7.0% | 5.6% |
| 营收同比 | 13.2% | -4.8% |
| 净利润同比 | -30.6% | -52.1% |
| 每股收益（稀释后） | $3.69 | $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BLDMHO
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $976.1M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
净利润BLDMHO
| Q4 25 | $104.5M | $64.0M | ||
| Q3 25 | $142.2M | $106.5M | ||
| Q2 25 | $151.6M | $121.2M | ||
| Q1 25 | $123.4M | $111.2M | ||
| Q4 24 | $150.5M | $133.5M | ||
| Q3 24 | $169.0M | $145.4M | ||
| Q2 24 | $150.7M | $146.7M | ||
| Q1 24 | $152.4M | $138.1M |
毛利率BLDMHO
| Q4 25 | 27.2% | 17.4% | ||
| Q3 25 | 30.1% | 24.5% | ||
| Q2 25 | 30.4% | 24.7% | ||
| Q1 25 | 28.5% | 25.9% | ||
| Q4 24 | 29.9% | 24.6% | ||
| Q3 24 | 30.7% | 27.1% | ||
| Q2 24 | 31.0% | 27.9% | ||
| Q1 24 | 30.3% | 27.1% |
营业利润率BLDMHO
| Q4 25 | 12.1% | 6.5% | ||
| Q3 25 | 15.4% | 12.0% | ||
| Q2 25 | 16.9% | 13.4% | ||
| Q1 25 | 14.4% | 14.4% | ||
| Q4 24 | 16.6% | 13.6% | ||
| Q3 24 | 17.8% | 15.9% | ||
| Q2 24 | 15.4% | 16.8% | ||
| Q1 24 | 16.8% | 16.6% |
净利率BLDMHO
| Q4 25 | 7.0% | 5.6% | ||
| Q3 25 | 10.2% | 9.4% | ||
| Q2 25 | 11.7% | 10.4% | ||
| Q1 25 | 10.0% | 11.4% | ||
| Q4 24 | 11.5% | 11.1% | ||
| Q3 24 | 12.3% | 12.7% | ||
| Q2 24 | 11.0% | 13.2% | ||
| Q1 24 | 11.9% | 13.2% |
每股收益（稀释后）BLDMHO
| Q4 25 | $3.69 | $2.42 | ||
| Q3 25 | $5.04 | $3.92 | ||
| Q2 25 | $5.32 | $4.42 | ||
| Q1 25 | $4.23 | $3.98 | ||
| Q4 24 | $5.07 | $4.71 | ||
| Q3 24 | $5.65 | $5.10 | ||
| Q2 24 | $4.78 | $5.12 | ||
| Q1 24 | $4.79 | $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 | $184.7M | — |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.3B | $3.2B |
| 总资产 | $6.6B | $4.8B |
| 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BLDMHO
| Q4 25 | $184.7M | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $842.5M | — | ||
| Q1 25 | $308.8M | — | ||
| Q4 24 | $400.3M | — | ||
| Q3 24 | $257.3M | — | ||
| Q2 24 | $463.2M | — | ||
| Q1 24 | $968.8M | — |
总债务BLDMHO
| 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BLDMHO
| Q4 25 | $2.3B | $3.2B | ||
| Q3 25 | $2.2B | $3.1B | ||
| Q2 25 | $2.1B | $3.1B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $2.2B | $2.9B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.4B | $2.7B | ||
| Q1 24 | $2.7B | $2.6B |
总资产BLDMHO
| Q4 25 | $6.6B | $4.8B | ||
| Q3 25 | $6.4B | $4.8B | ||
| Q2 25 | $5.1B | $4.7B | ||
| Q1 25 | $4.6B | $4.6B | ||
| Q4 24 | $4.7B | $4.5B | ||
| Q3 24 | $4.7B | $4.5B | ||
| Q2 24 | $4.9B | $4.3B | ||
| Q1 24 | $5.3B | $4.2B |
负债/权益比BLDMHO
| 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 | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $-13.0M |
| 自由现金流率自由现金流/营收 | 10.7% | -1.1% |
| 资本支出强度资本支出/营收 | 1.2% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.69× | -0.14× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $127.7M |
8季度趋势，按日历期对齐
经营现金流BLDMHO
| Q4 25 | $176.7M | $-8.7M | ||
| Q3 25 | $233.3M | $43.4M | ||
| Q2 25 | $193.7M | $37.8M | ||
| Q1 25 | $152.6M | $64.9M | ||
| Q4 24 | $266.2M | $104.4M | ||
| Q3 24 | $240.7M | $-67.9M | ||
| Q2 24 | $90.4M | $27.5M | ||
| Q1 24 | $178.8M | $115.8M |
自由现金流BLDMHO
| Q4 25 | $159.4M | $-13.0M | ||
| Q3 25 | $216.2M | $42.0M | ||
| Q2 25 | $182.2M | $35.1M | ||
| Q1 25 | $139.2M | $63.5M | ||
| Q4 24 | $253.7M | $102.3M | ||
| Q3 24 | $219.8M | $-68.5M | ||
| Q2 24 | $74.3M | $22.0M | ||
| Q1 24 | $158.9M | $115.5M |
自由现金流率BLDMHO
| Q4 25 | 10.7% | -1.1% | ||
| Q3 25 | 15.5% | 3.7% | ||
| Q2 25 | 14.0% | 3.0% | ||
| Q1 25 | 11.3% | 6.5% | ||
| Q4 24 | 19.3% | 8.5% | ||
| Q3 24 | 16.0% | -6.0% | ||
| Q2 24 | 5.4% | 2.0% | ||
| Q1 24 | 12.4% | 11.0% |
资本支出强度BLDMHO
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 1.2% | 0.1% | ||
| Q2 25 | 0.9% | 0.2% | ||
| Q1 25 | 1.1% | 0.1% | ||
| Q4 24 | 1.0% | 0.2% | ||
| Q3 24 | 1.5% | 0.1% | ||
| Q2 24 | 1.2% | 0.5% | ||
| Q1 24 | 1.6% | 0.0% |
现金转化率BLDMHO
| Q4 25 | 1.69× | -0.14× | ||
| Q3 25 | 1.64× | 0.41× | ||
| Q2 25 | 1.28× | 0.31× | ||
| Q1 25 | 1.24× | 0.58× | ||
| Q4 24 | 1.77× | 0.78× | ||
| Q3 24 | 1.42× | -0.47× | ||
| Q2 24 | 0.60× | 0.19× | ||
| Q1 24 | 1.17× | 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
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% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
