vs
TopBuild Corp（BLD）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是TopBuild Corp的1.4倍（$2.1B vs $1.5B），TopBuild Corp净利率更高（7.0% vs -13.9%，领先20.9%），TopBuild Corp同比增速更快（13.2% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $159.4M），过去两年TopBuild Corp的营收复合增速更高（7.8% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
BLD vs OC — 直观对比
营收规模更大
OC
是对方的1.4倍
$1.5B
营收增速更快
BLD
高出37.8%
-24.6%
净利率更高
BLD
高出20.9%
-13.9%
自由现金流更多
OC
多$173.6M
$159.4M
两年增速更快
BLD
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.1B |
| 净利润 | $104.5M | $-298.0M |
| 毛利率 | 27.2% | 23.2% |
| 营业利润率 | 12.1% | -10.5% |
| 净利率 | 7.0% | -13.9% |
| 营收同比 | 13.2% | -24.6% |
| 净利润同比 | -30.6% | -15.5% |
| 每股收益（稀释后） | $3.69 | $-3.47 |
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BLDOC
| Q4 25 | $1.5B | $2.1B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.3B | $2.7B | ||
| Q1 25 | $1.2B | $2.5B | ||
| Q4 24 | $1.3B | $2.8B | ||
| Q3 24 | $1.4B | $3.0B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.3B | $2.3B |
净利润BLDOC
| Q4 25 | $104.5M | $-298.0M | ||
| Q3 25 | $142.2M | $-494.0M | ||
| Q2 25 | $151.6M | $363.0M | ||
| Q1 25 | $123.4M | $-93.0M | ||
| Q4 24 | $150.5M | $-258.0M | ||
| Q3 24 | $169.0M | $321.0M | ||
| Q2 24 | $150.7M | $285.0M | ||
| Q1 24 | $152.4M | $299.0M |
毛利率BLDOC
| Q4 25 | 27.2% | 23.2% | ||
| Q3 25 | 30.1% | 28.2% | ||
| Q2 25 | 30.4% | 31.2% | ||
| Q1 25 | 28.5% | 28.7% | ||
| Q4 24 | 29.9% | 28.1% | ||
| Q3 24 | 30.7% | 29.8% | ||
| Q2 24 | 31.0% | 31.1% | ||
| Q1 24 | 30.3% | 29.6% |
营业利润率BLDOC
| Q4 25 | 12.1% | -10.5% | ||
| Q3 25 | 15.4% | -12.2% | ||
| Q2 25 | 16.9% | 18.4% | ||
| Q1 25 | 14.4% | 16.1% | ||
| Q4 24 | 16.6% | -8.5% | ||
| Q3 24 | 17.8% | 16.7% | ||
| Q2 24 | 15.4% | 16.4% | ||
| Q1 24 | 16.8% | 17.5% |
净利率BLDOC
| Q4 25 | 7.0% | -13.9% | ||
| Q3 25 | 10.2% | -18.4% | ||
| Q2 25 | 11.7% | 13.2% | ||
| Q1 25 | 10.0% | -3.7% | ||
| Q4 24 | 11.5% | -9.1% | ||
| Q3 24 | 12.3% | 10.5% | ||
| Q2 24 | 11.0% | 10.2% | ||
| Q1 24 | 11.9% | 13.0% |
每股收益（稀释后）BLDOC
| Q4 25 | $3.69 | $-3.47 | ||
| Q3 25 | $5.04 | $-5.92 | ||
| Q2 25 | $5.32 | $4.25 | ||
| Q1 25 | $4.23 | $-1.08 | ||
| Q4 24 | $5.07 | $-2.92 | ||
| Q3 24 | $5.65 | $3.65 | ||
| Q2 24 | $4.78 | $3.24 | ||
| Q1 24 | $4.79 | $3.40 |
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 | $345.0M |
| 总债务越低越好 | $2.8B | $4.7B |
| 股东权益账面价值 | $2.3B | $3.9B |
| 总资产 | $6.6B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.23× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资BLDOC
| Q4 25 | $184.7M | $345.0M | ||
| Q3 25 | $1.1B | $286.0M | ||
| Q2 25 | $842.5M | $230.0M | ||
| Q1 25 | $308.8M | $400.0M | ||
| Q4 24 | $400.3M | $361.0M | ||
| Q3 24 | $257.3M | $499.0M | ||
| Q2 24 | $463.2M | $254.0M | ||
| Q1 24 | $968.8M | $1.3B |
总债务BLDOC
| Q4 25 | $2.8B | $4.7B | ||
| Q3 25 | $2.9B | $4.7B | ||
| Q2 25 | $1.9B | $5.1B | ||
| Q1 25 | $1.4B | $5.0B | ||
| Q4 24 | $1.4B | $5.1B | ||
| Q3 24 | $1.4B | $5.0B | ||
| Q2 24 | $1.4B | $5.0B | ||
| Q1 24 | $1.4B | $2.6B |
股东权益BLDOC
| Q4 25 | $2.3B | $3.9B | ||
| Q3 25 | $2.2B | $4.4B | ||
| Q2 25 | $2.1B | $5.2B | ||
| Q1 25 | $2.1B | $4.9B | ||
| Q4 24 | $2.2B | $5.1B | ||
| Q3 24 | $2.1B | $5.6B | ||
| Q2 24 | $2.4B | $5.5B | ||
| Q1 24 | $2.7B | $5.2B |
总资产BLDOC
| Q4 25 | $6.6B | $13.0B | ||
| Q3 25 | $6.4B | $13.5B | ||
| Q2 25 | $5.1B | $14.5B | ||
| Q1 25 | $4.6B | $14.3B | ||
| Q4 24 | $4.7B | $14.1B | ||
| Q3 24 | $4.7B | $15.1B | ||
| Q2 24 | $4.9B | $15.0B | ||
| Q1 24 | $5.3B | $11.3B |
负债/权益比BLDOC
| Q4 25 | 1.23× | 1.22× | ||
| Q3 25 | 1.29× | 1.06× | ||
| Q2 25 | 0.88× | 0.98× | ||
| Q1 25 | 0.65× | 1.03× | ||
| Q4 24 | 0.62× | 1.01× | ||
| Q3 24 | 0.66× | 0.89× | ||
| Q2 24 | 0.59× | 0.92× | ||
| Q1 24 | 0.52× | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $333.0M |
| 自由现金流率自由现金流/营收 | 10.7% | 15.5% |
| 资本支出强度资本支出/营收 | 1.2% | 12.0% |
| 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 | $962.0M |
8季度趋势，按日历期对齐
经营现金流BLDOC
| Q4 25 | $176.7M | $590.0M | ||
| Q3 25 | $233.3M | $918.0M | ||
| Q2 25 | $193.7M | $327.0M | ||
| Q1 25 | $152.6M | $-49.0M | ||
| Q4 24 | $266.2M | $676.0M | ||
| Q3 24 | $240.7M | $699.0M | ||
| Q2 24 | $90.4M | $493.0M | ||
| Q1 24 | $178.8M | $24.0M |
自由现金流BLDOC
| Q4 25 | $159.4M | $333.0M | ||
| Q3 25 | $216.2M | $752.0M | ||
| Q2 25 | $182.2M | $129.0M | ||
| Q1 25 | $139.2M | $-252.0M | ||
| Q4 24 | $253.7M | $479.0M | ||
| Q3 24 | $219.8M | $558.0M | ||
| Q2 24 | $74.3M | $336.0M | ||
| Q1 24 | $158.9M | $-128.0M |
自由现金流率BLDOC
| Q4 25 | 10.7% | 15.5% | ||
| Q3 25 | 15.5% | 28.0% | ||
| Q2 25 | 14.0% | 4.7% | ||
| Q1 25 | 11.3% | -10.0% | ||
| Q4 24 | 19.3% | 16.9% | ||
| Q3 24 | 16.0% | 18.3% | ||
| Q2 24 | 5.4% | 12.0% | ||
| Q1 24 | 12.4% | -5.6% |
资本支出强度BLDOC
| Q4 25 | 1.2% | 12.0% | ||
| Q3 25 | 1.2% | 6.2% | ||
| Q2 25 | 0.9% | 7.2% | ||
| Q1 25 | 1.1% | 8.0% | ||
| Q4 24 | 1.0% | 6.9% | ||
| Q3 24 | 1.5% | 4.6% | ||
| Q2 24 | 1.2% | 5.6% | ||
| Q1 24 | 1.6% | 6.6% |
现金转化率BLDOC
| Q4 25 | 1.69× | — | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | 0.90× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | — | ||
| Q3 24 | 1.42× | 2.18× | ||
| Q2 24 | 0.60× | 1.73× | ||
| Q1 24 | 1.17× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
