vs
TopBuild Corp（BLD）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
Rocket Companies, Inc.的季度营收约是TopBuild Corp的1.8倍（$2.7B vs $1.5B），TopBuild Corp净利率更高（7.0% vs 2.5%，领先4.5%），Rocket Companies, Inc.同比增速更快（52.2% vs 13.2%），TopBuild Corp自由现金流更多（$159.4M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% 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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
BLD vs RKT — 直观对比
营收规模更大
RKT
是对方的1.8倍
$1.5B
营收增速更快
RKT
高出39.0%
13.2%
净利率更高
BLD
高出4.5%
2.5%
自由现金流更多
BLD
多$1.4B
$-1.3B
两年增速更快
RKT
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $2.7B |
| 净利润 | $104.5M | $68.0M |
| 毛利率 | 27.2% | — |
| 营业利润率 | 12.1% | 6.3% |
| 净利率 | 7.0% | 2.5% |
| 营收同比 | 13.2% | 52.2% |
| 净利润同比 | -30.6% | 100.8% |
| 每股收益（稀释后） | $3.69 | $0.10 |
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BLDRKT
| Q4 25 | $1.5B | $2.7B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.2B | $1.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | $1.4B | $646.9M | ||
| Q2 24 | $1.4B | $1.3B | ||
| Q1 24 | $1.3B | $1.4B |
净利润BLDRKT
| Q4 25 | $104.5M | $68.0M | ||
| Q3 25 | $142.2M | $-123.9M | ||
| Q2 25 | $151.6M | $-1.8M | ||
| Q1 25 | $123.4M | $-10.4M | ||
| Q4 24 | $150.5M | $33.9M | ||
| Q3 24 | $169.0M | $-22.0M | ||
| Q2 24 | $150.7M | $1.3M | ||
| Q1 24 | $152.4M | $16.2M |
毛利率BLDRKT
| Q4 25 | 27.2% | — | ||
| Q3 25 | 30.1% | — | ||
| Q2 25 | 30.4% | — | ||
| Q1 25 | 28.5% | — | ||
| Q4 24 | 29.9% | 58.9% | ||
| Q3 24 | 30.7% | -8.4% | ||
| Q2 24 | 31.0% | 47.4% | ||
| Q1 24 | 30.3% | 51.2% |
营业利润率BLDRKT
| Q4 25 | 12.1% | 6.3% | ||
| Q3 25 | 15.4% | -11.5% | ||
| Q2 25 | 16.9% | 1.8% | ||
| Q1 25 | 14.4% | -21.5% | ||
| Q4 24 | 16.6% | 38.1% | ||
| Q3 24 | 17.8% | -76.9% | ||
| Q2 24 | 15.4% | 14.8% | ||
| Q1 24 | 16.8% | 21.6% |
净利率BLDRKT
| Q4 25 | 7.0% | 2.5% | ||
| Q3 25 | 10.2% | -7.7% | ||
| Q2 25 | 11.7% | -0.1% | ||
| Q1 25 | 10.0% | -1.0% | ||
| Q4 24 | 11.5% | 1.9% | ||
| Q3 24 | 12.3% | -3.4% | ||
| Q2 24 | 11.0% | 0.1% | ||
| Q1 24 | 11.9% | 1.2% |
每股收益（稀释后）BLDRKT
| Q4 25 | $3.69 | $0.10 | ||
| Q3 25 | $5.04 | $-0.06 | ||
| Q2 25 | $5.32 | $-0.01 | ||
| Q1 25 | $4.23 | $-0.08 | ||
| Q4 24 | $5.07 | $0.28 | ||
| Q3 24 | $5.65 | $-0.19 | ||
| Q2 24 | $4.78 | $0.01 | ||
| Q1 24 | $4.79 | $0.11 |
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 | $2.7B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $2.3B | $22.9B |
| 总资产 | $6.6B | $60.7B |
| 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BLDRKT
| Q4 25 | $184.7M | $2.7B | ||
| Q3 25 | $1.1B | $5.8B | ||
| Q2 25 | $842.5M | $5.1B | ||
| Q1 25 | $308.8M | $1.4B | ||
| Q4 24 | $400.3M | $1.3B | ||
| Q3 24 | $257.3M | $1.2B | ||
| Q2 24 | $463.2M | $1.3B | ||
| Q1 24 | $968.8M | $861.4M |
总债务BLDRKT
| 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BLDRKT
| Q4 25 | $2.3B | $22.9B | ||
| Q3 25 | $2.2B | $8.9B | ||
| Q2 25 | $2.1B | $7.4B | ||
| Q1 25 | $2.1B | $8.6B | ||
| Q4 24 | $2.2B | $9.0B | ||
| Q3 24 | $2.1B | $8.4B | ||
| Q2 24 | $2.4B | $8.8B | ||
| Q1 24 | $2.7B | $8.6B |
总资产BLDRKT
| Q4 25 | $6.6B | $60.7B | ||
| Q3 25 | $6.4B | $33.6B | ||
| Q2 25 | $5.1B | $30.4B | ||
| Q1 25 | $4.6B | $25.3B | ||
| Q4 24 | $4.7B | $24.5B | ||
| Q3 24 | $4.7B | $25.1B | ||
| Q2 24 | $4.9B | $23.6B | ||
| Q1 24 | $5.3B | $22.2B |
负债/权益比BLDRKT
| 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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $159.4M | $-1.3B |
| 自由现金流率自由现金流/营收 | 10.7% | -47.2% |
| 资本支出强度资本支出/营收 | 1.2% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.69× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $696.9M | $-4.0B |
8季度趋势，按日历期对齐
经营现金流BLDRKT
| Q4 25 | $176.7M | $-1.2B | ||
| Q3 25 | $233.3M | $-50.3M | ||
| Q2 25 | $193.7M | $-1.9B | ||
| Q1 25 | $152.6M | $-797.0M | ||
| Q4 24 | $266.2M | $1.8B | ||
| Q3 24 | $240.7M | $-1.3B | ||
| Q2 24 | $90.4M | $-122.3M | ||
| Q1 24 | $178.8M | $-3.0B |
自由现金流BLDRKT
| Q4 25 | $159.4M | $-1.3B | ||
| Q3 25 | $216.2M | $-71.8M | ||
| Q2 25 | $182.2M | $-1.9B | ||
| Q1 25 | $139.2M | $-811.0M | ||
| Q4 24 | $253.7M | $1.8B | ||
| Q3 24 | $219.8M | $-1.4B | ||
| Q2 24 | $74.3M | $-138.3M | ||
| Q1 24 | $158.9M | $-3.0B |
自由现金流率BLDRKT
| Q4 25 | 10.7% | -47.2% | ||
| Q3 25 | 15.5% | -4.5% | ||
| Q2 25 | 14.0% | -137.2% | ||
| Q1 25 | 11.3% | -78.2% | ||
| Q4 24 | 19.3% | 103.1% | ||
| Q3 24 | 16.0% | -209.6% | ||
| Q2 24 | 5.4% | -10.6% | ||
| Q1 24 | 12.4% | -218.7% |
资本支出强度BLDRKT
| Q4 25 | 1.2% | 1.5% | ||
| Q3 25 | 1.2% | 1.3% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 1.1% | 1.4% | ||
| Q4 24 | 1.0% | 1.1% | ||
| Q3 24 | 1.5% | 2.9% | ||
| Q2 24 | 1.2% | 1.2% | ||
| Q1 24 | 1.6% | 1.0% |
现金转化率BLDRKT
| Q4 25 | 1.69× | -18.08× | ||
| Q3 25 | 1.64× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.77× | 54.42× | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 0.60× | -94.46× | ||
| Q1 24 | 1.17× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
