vs
Builders FirstSource（BLDR）与通用磨坊（GIS）财务数据对比。点击上方公司名可切换其他公司
通用磨坊的季度营收约是Builders FirstSource的1.4倍（$4.9B vs $3.4B），通用磨坊净利率更高（8.5% vs 0.9%，领先7.6%），通用磨坊同比增速更快（-7.2% vs -12.1%），通用磨坊自由现金流更多（$675.7M vs $106.7M），过去两年通用磨坊的营收复合增速更高（-2.4% vs -7.1%）
Builders FirstSource是财富500强企业，成立于1998年3月，总部位于美国得克萨斯州欧文，是美国规模最大的建筑产品、预制构件及增值服务供应商，同时生产制造建筑材料。公司在全美拥有超1.5万名员工，服务于新建住宅施工、维修及翻新领域的专业客户。
通用磨坊是美国知名跨国消费食品企业，主营品牌包装食品的生产与营销，产品通过零售渠道面向大众发售。公司发源于明尼阿波利斯市密西西比河畔的圣安东尼瀑布区域，最初以大型面粉加工业务闻名，现总部位于明尼阿波利斯市郊的明尼苏达州金谷市。
BLDR vs GIS — 直观对比
营收规模更大
GIS
是对方的1.4倍
$3.4B
营收增速更快
GIS
高出4.9%
-12.1%
净利率更高
GIS
高出7.6%
0.9%
自由现金流更多
GIS
多$569.0M
$106.7M
两年增速更快
GIS
近两年复合增速
-7.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $4.9B |
| 净利润 | $31.5M | $413.0M |
| 毛利率 | 29.8% | 34.8% |
| 营业利润率 | 1.8% | 15.0% |
| 净利率 | 0.9% | 8.5% |
| 营收同比 | -12.1% | -7.2% |
| 净利润同比 | -83.5% | -48.1% |
| 每股收益（稀释后） | $0.29 | $0.78 |
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BLDRGIS
| Q4 25 | $3.4B | $4.9B | ||
| Q3 25 | $3.9B | $4.5B | ||
| Q2 25 | $4.2B | $4.6B | ||
| Q1 25 | $3.7B | $4.8B | ||
| Q4 24 | $3.8B | $5.2B | ||
| Q3 24 | $4.2B | $4.8B | ||
| Q2 24 | $4.5B | $4.7B | ||
| Q1 24 | $3.9B | $5.1B |
净利润BLDRGIS
| Q4 25 | $31.5M | $413.0M | ||
| Q3 25 | $122.4M | $1.2B | ||
| Q2 25 | $185.0M | $294.0M | ||
| Q1 25 | $96.3M | $625.6M | ||
| Q4 24 | $190.2M | $795.7M | ||
| Q3 24 | $284.8M | $579.9M | ||
| Q2 24 | $344.1M | $557.5M | ||
| Q1 24 | $258.8M | $670.1M |
毛利率BLDRGIS
| Q4 25 | 29.8% | 34.8% | ||
| Q3 25 | 30.4% | 33.9% | ||
| Q2 25 | 30.7% | 32.4% | ||
| Q1 25 | 30.5% | 33.9% | ||
| Q4 24 | 32.3% | 36.9% | ||
| Q3 24 | 32.8% | 34.8% | ||
| Q2 24 | 32.8% | 35.8% | ||
| Q1 24 | 33.4% | 33.5% |
营业利润率BLDRGIS
| Q4 25 | 1.8% | 15.0% | ||
| Q3 25 | 5.8% | 38.2% | ||
| Q2 25 | 7.4% | 11.1% | ||
| Q1 25 | 5.0% | 18.4% | ||
| Q4 24 | 8.0% | 20.6% | ||
| Q3 24 | 10.1% | 17.2% | ||
| Q2 24 | 11.0% | 16.5% | ||
| Q1 24 | 9.6% | 17.9% |
净利率BLDRGIS
| Q4 25 | 0.9% | 8.5% | ||
| Q3 25 | 3.1% | 26.7% | ||
| Q2 25 | 4.4% | 6.5% | ||
| Q1 25 | 2.6% | 12.9% | ||
| Q4 24 | 5.0% | 15.2% | ||
| Q3 24 | 6.7% | 12.0% | ||
| Q2 24 | 7.7% | 11.8% | ||
| Q1 24 | 6.7% | 13.1% |
每股收益（稀释后）BLDRGIS
| Q4 25 | $0.29 | $0.78 | ||
| Q3 25 | $1.10 | $2.22 | ||
| Q2 25 | $1.66 | $0.53 | ||
| Q1 25 | $0.84 | $1.12 | ||
| Q4 24 | $1.65 | $1.42 | ||
| Q3 24 | $2.44 | $1.03 | ||
| Q2 24 | $2.87 | $0.98 | ||
| Q1 24 | $2.10 | $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 | $181.8M | $683.4M |
| 总债务越低越好 | $4.4B | $12.2B |
| 股东权益账面价值 | $4.4B | $9.3B |
| 总资产 | $11.2B | $32.5B |
| 负债/权益比越低杠杆越低 | 1.02× | 1.31× |
8季度趋势，按日历期对齐
现金及短期投资BLDRGIS
| Q4 25 | $181.8M | $683.4M | ||
| Q3 25 | $296.2M | $952.9M | ||
| Q2 25 | $87.0M | $363.9M | ||
| Q1 25 | $115.4M | $521.3M | ||
| Q4 24 | $153.6M | $2.3B | ||
| Q3 24 | $328.1M | $468.1M | ||
| Q2 24 | $75.6M | $418.0M | ||
| Q1 24 | $697.5M | $588.6M |
总债务BLDRGIS
| Q4 25 | $4.4B | $12.2B | ||
| Q3 25 | $4.4B | $12.2B | ||
| Q2 25 | $4.7B | $12.7B | ||
| Q1 25 | $4.5B | $11.8B | ||
| Q4 24 | $3.7B | $12.4B | ||
| Q3 24 | $3.7B | $11.4B | ||
| Q2 24 | $3.8B | $11.3B | ||
| Q1 24 | $3.7B | $11.0B |
股东权益BLDRGIS
| Q4 25 | $4.4B | $9.3B | ||
| Q3 25 | $4.3B | $9.5B | ||
| Q2 25 | $4.2B | $9.2B | ||
| Q1 25 | $4.4B | $9.3B | ||
| Q4 24 | $4.3B | $9.2B | ||
| Q3 24 | $4.4B | $9.3B | ||
| Q2 24 | $4.3B | $9.4B | ||
| Q1 24 | $5.0B | $9.4B |
总资产BLDRGIS
| Q4 25 | $11.2B | $32.5B | ||
| Q3 25 | $11.4B | $33.0B | ||
| Q2 25 | $11.5B | $33.1B | ||
| Q1 25 | $11.4B | $32.7B | ||
| Q4 24 | $10.6B | $33.4B | ||
| Q3 24 | $10.9B | $31.8B | ||
| Q2 24 | $10.7B | $31.5B | ||
| Q1 24 | $11.2B | $30.9B |
负债/权益比BLDRGIS
| Q4 25 | 1.02× | 1.31× | ||
| Q3 25 | 1.03× | 1.29× | ||
| Q2 25 | 1.12× | 1.38× | ||
| Q1 25 | 1.02× | 1.28× | ||
| Q4 24 | 0.86× | 1.35× | ||
| Q3 24 | 0.83× | 1.23× | ||
| Q2 24 | 0.88× | 1.20× | ||
| Q1 24 | 0.75× | 1.17× |
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 | $194.8M | $819.3M |
| 自由现金流经营现金流 - 资本支出 | $106.7M | $675.7M |
| 自由现金流率自由现金流/营收 | 3.2% | 13.9% |
| 资本支出强度资本支出/营收 | 2.6% | 3.0% |
| 现金转化率经营现金流/净利润 | 6.19× | 1.98× |
| 过去12个月自由现金流最近4个季度 | $853.3M | $1.8B |
8季度趋势，按日历期对齐
经营现金流BLDRGIS
| Q4 25 | $194.8M | $819.3M | ||
| Q3 25 | $547.7M | $397.0M | ||
| Q2 25 | $341.0M | $611.6M | ||
| Q1 25 | $132.3M | $531.9M | ||
| Q4 24 | $373.5M | $1.2B | ||
| Q3 24 | $730.0M | $624.2M | ||
| Q2 24 | $452.1M | $863.7M | ||
| Q1 24 | $317.2M | $943.1M |
自由现金流BLDRGIS
| Q4 25 | $106.7M | $675.7M | ||
| Q3 25 | $461.9M | $287.5M | ||
| Q2 25 | $252.3M | $391.4M | ||
| Q1 25 | $32.4M | $428.0M | ||
| Q4 24 | $273.8M | $989.6M | ||
| Q3 24 | $630.4M | $483.9M | ||
| Q2 24 | $364.0M | $575.2M | ||
| Q1 24 | $224.0M | $751.4M |
自由现金流率BLDRGIS
| Q4 25 | 3.2% | 13.9% | ||
| Q3 25 | 11.7% | 6.4% | ||
| Q2 25 | 6.0% | 8.6% | ||
| Q1 25 | 0.9% | 8.8% | ||
| Q4 24 | 7.2% | 18.9% | ||
| Q3 24 | 14.9% | 10.0% | ||
| Q2 24 | 8.2% | 12.2% | ||
| Q1 24 | 5.8% | 14.7% |
资本支出强度BLDRGIS
| Q4 25 | 2.6% | 3.0% | ||
| Q3 25 | 2.2% | 2.4% | ||
| Q2 25 | 2.1% | 4.8% | ||
| Q1 25 | 2.7% | 2.1% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 2.4% | 2.9% | ||
| Q2 24 | 2.0% | 6.1% | ||
| Q1 24 | 2.4% | 3.8% |
现金转化率BLDRGIS
| Q4 25 | 6.19× | 1.98× | ||
| Q3 25 | 4.48× | 0.33× | ||
| Q2 25 | 1.84× | 2.08× | ||
| Q1 25 | 1.37× | 0.85× | ||
| Q4 24 | 1.96× | 1.45× | ||
| Q3 24 | 2.56× | 1.08× | ||
| Q2 24 | 1.31× | 1.55× | ||
| Q1 24 | 1.23× | 1.41× |
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
BLDR
| Specialty Building Products And Services | $949.0M | 28% |
| Windows Doors And Millwork | $893.5M | 27% |
| Lumber And Lumber Sheet Goods | $772.6M | 23% |
| Manufactured Products | $742.8M | 22% |
GIS
| Snacks | $1.0B | 21% |
| Convenient Meals | $827.0M | 17% |
| Cereal | $791.2M | 16% |
| Dough | $720.9M | 15% |
| Pet | $698.7M | 14% |
| Baking Mixes And Ingredients | $556.0M | 11% |
| Super Premium Ice Cream | $175.8M | 4% |
| Other Product | $73.3M | 2% |
