vs
TopBuild Corp（BLD）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.8倍（$1.5B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 7.0%，领先6.2%），TopBuild Corp同比增速更快（13.2% vs -40.0%），过去两年TopBuild Corp的营收复合增速更高（7.8% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
BLD vs RITM — 直观对比
营收规模更大
BLD
是对方的1.8倍
$828.2M
营收增速更快
BLD
高出53.2%
-40.0%
净利率更高
RITM
高出6.2%
7.0%
两年增速更快
BLD
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $828.2M |
| 净利润 | $104.5M | $109.5M |
| 毛利率 | 27.2% | — |
| 营业利润率 | 12.1% | — |
| 净利率 | 7.0% | 13.2% |
| 营收同比 | 13.2% | -40.0% |
| 净利润同比 | -30.6% | 20.9% |
| 每股收益（稀释后） | $3.69 | $0.12 |
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BLDRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.5B | $1.5B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $768.4M | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.4B | $619.5M | ||
| Q2 24 | $1.4B | $1.2B |
净利润BLDRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $104.5M | $85.0M | ||
| Q3 25 | $142.2M | $221.5M | ||
| Q2 25 | $151.6M | $311.7M | ||
| Q1 25 | $123.4M | $78.8M | ||
| Q4 24 | $150.5M | $290.2M | ||
| Q3 24 | $169.0M | $121.7M | ||
| Q2 24 | $150.7M | $235.6M |
毛利率BLDRITM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率BLDRITM
| Q1 26 | — | — | ||
| Q4 25 | 12.1% | 13.8% | ||
| Q3 25 | 15.4% | 21.4% | ||
| Q2 25 | 16.9% | 25.2% | ||
| Q1 25 | 14.4% | 7.4% | ||
| Q4 24 | 16.6% | 23.8% | ||
| Q3 24 | 17.8% | 7.3% | ||
| Q2 24 | 15.4% | 23.6% |
净利率BLDRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 7.0% | 5.7% | ||
| Q3 25 | 10.2% | 20.0% | ||
| Q2 25 | 11.7% | 25.6% | ||
| Q1 25 | 10.0% | 10.3% | ||
| Q4 24 | 11.5% | 14.0% | ||
| Q3 24 | 12.3% | 19.7% | ||
| Q2 24 | 11.0% | 19.2% |
每股收益（稀释后）BLDRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $3.69 | $0.09 | ||
| Q3 25 | $5.04 | $0.35 | ||
| Q2 25 | $5.32 | $0.53 | ||
| Q1 25 | $4.23 | $0.07 | ||
| Q4 24 | $5.07 | $0.50 | ||
| Q3 24 | $5.65 | $0.20 | ||
| Q2 24 | $4.78 | $0.43 |
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 | $9.1B |
| 总资产 | $6.6B | $53.4B |
| 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BLDRITM
| Q1 26 | — | — | ||
| Q4 25 | $184.7M | $1.8B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $842.5M | $1.6B | ||
| Q1 25 | $308.8M | $1.5B | ||
| Q4 24 | $400.3M | $1.5B | ||
| Q3 24 | $257.3M | $1.6B | ||
| Q2 24 | $463.2M | $1.2B |
总债务BLDRITM
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $35.4B | ||
| Q3 25 | $2.9B | $32.2B | ||
| Q2 25 | $1.9B | $31.2B | ||
| Q1 25 | $1.4B | $32.2B | ||
| Q4 24 | $1.4B | $32.6B | ||
| Q3 24 | $1.4B | $29.6B | ||
| Q2 24 | $1.4B | $30.1B |
股东权益BLDRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $2.3B | $8.4B | ||
| Q3 25 | $2.2B | $8.5B | ||
| Q2 25 | $2.1B | $7.9B | ||
| Q1 25 | $2.1B | $7.8B | ||
| Q4 24 | $2.2B | $7.8B | ||
| Q3 24 | $2.1B | $7.7B | ||
| Q2 24 | $2.4B | $7.3B |
总资产BLDRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $6.6B | $53.1B | ||
| Q3 25 | $6.4B | $47.2B | ||
| Q2 25 | $5.1B | $44.3B | ||
| Q1 25 | $4.6B | $45.3B | ||
| Q4 24 | $4.7B | $46.0B | ||
| Q3 24 | $4.7B | $42.3B | ||
| Q2 24 | $4.9B | $42.0B |
负债/权益比BLDRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | 4.20× | ||
| Q3 25 | 1.29× | 3.79× | ||
| Q2 25 | 0.88× | 3.92× | ||
| Q1 25 | 0.65× | 4.14× | ||
| Q4 24 | 0.62× | 4.18× | ||
| Q3 24 | 0.66× | 3.87× | ||
| Q2 24 | 0.59× | 4.10× |
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% | — |
| 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BLDRITM
| Q1 26 | — | — | ||
| Q4 25 | $176.7M | $-114.6M | ||
| Q3 25 | $233.3M | $-2.0B | ||
| Q2 25 | $193.7M | $-557.1M | ||
| Q1 25 | $152.6M | $1.4B | ||
| Q4 24 | $266.2M | $-1.8B | ||
| Q3 24 | $240.7M | $768.1M | ||
| Q2 24 | $90.4M | $-55.7M |
自由现金流BLDRITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率BLDRITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度BLDRITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率BLDRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.69× | -1.35× | ||
| Q3 25 | 1.64× | -9.22× | ||
| Q2 25 | 1.28× | -1.79× | ||
| Q1 25 | 1.24× | 18.03× | ||
| Q4 24 | 1.77× | -6.04× | ||
| Q3 24 | 1.42× | 6.31× | ||
| Q2 24 | 0.60× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
