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Builders FirstSource（BLDR）与李维斯（LEVI）财务数据对比。点击上方公司名可切换其他公司
Builders FirstSource的季度营收约是李维斯的1.9倍（$3.4B vs $1.8B），李维斯净利率更高（8.9% vs 0.9%，领先8.0%），李维斯同比增速更快（-4.0% vs -12.1%），李维斯自由现金流更多（$215.7M vs $106.7M），过去两年李维斯的营收复合增速更高（6.5% 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。
李维斯（Levi Strauss & Co.）是全球知名的美国服饰企业，凭借旗下Levi's品牌丹宁牛仔裤享誉全球。公司创立于1853年5月，由德裔犹太移民李维·斯特劳斯在旧金山成立，注册地为特拉华州，总部设在旧金山李维斯广场。
BLDR vs LEVI — 直观对比
营收规模更大
BLDR
是对方的1.9倍
$1.8B
营收增速更快
LEVI
高出8.1%
-12.1%
净利率更高
LEVI
高出8.0%
0.9%
自由现金流更多
LEVI
多$109.0M
$106.7M
两年增速更快
LEVI
近两年复合增速
-7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $1.8B |
| 净利润 | $31.5M | $158.0M |
| 毛利率 | 29.8% | 60.8% |
| 营业利润率 | 1.8% | 11.9% |
| 净利率 | 0.9% | 8.9% |
| 营收同比 | -12.1% | -4.0% |
| 净利润同比 | -83.5% | -13.4% |
| 每股收益（稀释后） | $0.29 | $0.39 |
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BLDRLEVI
| Q4 25 | $3.4B | $1.8B | ||
| Q3 25 | $3.9B | $1.5B | ||
| Q2 25 | $4.2B | $1.4B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $3.8B | $1.8B | ||
| Q3 24 | $4.2B | $1.5B | ||
| Q2 24 | $4.5B | $1.4B | ||
| Q1 24 | $3.9B | $1.6B |
净利润BLDRLEVI
| Q4 25 | $31.5M | $158.0M | ||
| Q3 25 | $122.4M | $218.1M | ||
| Q2 25 | $185.0M | $67.0M | ||
| Q1 25 | $96.3M | $135.0M | ||
| Q4 24 | $190.2M | $182.5M | ||
| Q3 24 | $284.8M | $20.7M | ||
| Q2 24 | $344.1M | $18.0M | ||
| Q1 24 | $258.8M | $-10.6M |
毛利率BLDRLEVI
| Q4 25 | 29.8% | 60.8% | ||
| Q3 25 | 30.4% | 61.7% | ||
| Q2 25 | 30.7% | 62.6% | ||
| Q1 25 | 30.5% | 62.1% | ||
| Q4 24 | 32.3% | 61.3% | ||
| Q3 24 | 32.8% | 60.0% | ||
| Q2 24 | 32.8% | 60.5% | ||
| Q1 24 | 33.4% | 58.2% |
营业利润率BLDRLEVI
| Q4 25 | 1.8% | 11.9% | ||
| Q3 25 | 5.8% | 10.8% | ||
| Q2 25 | 7.4% | 7.5% | ||
| Q1 25 | 5.0% | 12.5% | ||
| Q4 24 | 8.0% | 11.5% | ||
| Q3 24 | 10.1% | 2.0% | ||
| Q2 24 | 11.0% | 1.5% | ||
| Q1 24 | 9.6% | -0.0% |
净利率BLDRLEVI
| Q4 25 | 0.9% | 8.9% | ||
| Q3 25 | 3.1% | 14.1% | ||
| Q2 25 | 4.4% | 4.6% | ||
| Q1 25 | 2.6% | 8.8% | ||
| Q4 24 | 5.0% | 9.9% | ||
| Q3 24 | 6.7% | 1.4% | ||
| Q2 24 | 7.7% | 1.2% | ||
| Q1 24 | 6.7% | -0.7% |
每股收益（稀释后）BLDRLEVI
| Q4 25 | $0.29 | $0.39 | ||
| Q3 25 | $1.10 | $0.55 | ||
| Q2 25 | $1.66 | $0.17 | ||
| Q1 25 | $0.84 | $0.34 | ||
| Q4 24 | $1.65 | $0.46 | ||
| Q3 24 | $2.44 | $0.05 | ||
| Q2 24 | $2.87 | $0.04 | ||
| Q1 24 | $2.10 | $-0.03 |
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 | $848.8M |
| 总债务越低越好 | $4.4B | $1.1B |
| 股东权益账面价值 | $4.4B | $2.3B |
| 总资产 | $11.2B | $6.8B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资BLDRLEVI
| Q4 25 | $181.8M | $848.8M | ||
| Q3 25 | $296.2M | $707.5M | ||
| Q2 25 | $87.0M | $736.7M | ||
| Q1 25 | $115.4M | $574.4M | ||
| Q4 24 | $153.6M | $690.0M | ||
| Q3 24 | $328.1M | $577.1M | ||
| Q2 24 | $75.6M | $641.4M | ||
| Q1 24 | $697.5M | $516.7M |
总债务BLDRLEVI
| Q4 25 | $4.4B | $1.1B | ||
| Q3 25 | $4.4B | $1.0B | ||
| Q2 25 | $4.7B | $1.0B | ||
| Q1 25 | $4.5B | $987.4M | ||
| Q4 24 | $3.7B | $994.0M | ||
| Q3 24 | $3.7B | $1.0B | ||
| Q2 24 | $3.8B | $1.0B | ||
| Q1 24 | $3.7B | $1.0B |
股东权益BLDRLEVI
| Q4 25 | $4.4B | $2.3B | ||
| Q3 25 | $4.3B | $2.2B | ||
| Q2 25 | $4.2B | $2.1B | ||
| Q1 25 | $4.4B | $2.0B | ||
| Q4 24 | $4.3B | $2.0B | ||
| Q3 24 | $4.4B | $1.9B | ||
| Q2 24 | $4.3B | $2.0B | ||
| Q1 24 | $5.0B | $2.0B |
总资产BLDRLEVI
| Q4 25 | $11.2B | $6.8B | ||
| Q3 25 | $11.4B | $6.7B | ||
| Q2 25 | $11.5B | $6.5B | ||
| Q1 25 | $11.4B | $6.2B | ||
| Q4 24 | $10.6B | $6.4B | ||
| Q3 24 | $10.9B | $6.3B | ||
| Q2 24 | $10.7B | $6.2B | ||
| Q1 24 | $11.2B | $6.0B |
负债/权益比BLDRLEVI
| Q4 25 | 1.02× | 0.46× | ||
| Q3 25 | 1.03× | 0.48× | ||
| Q2 25 | 1.12× | 0.49× | ||
| Q1 25 | 1.02× | 0.49× | ||
| Q4 24 | 0.86× | 0.50× | ||
| Q3 24 | 0.83× | 0.54× | ||
| Q2 24 | 0.88× | 0.51× | ||
| Q1 24 | 0.75× | 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 | $194.8M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $106.7M | $215.7M |
| 自由现金流率自由现金流/营收 | 3.2% | 12.2% |
| 资本支出强度资本支出/营收 | 2.6% | 2.9% |
| 现金转化率经营现金流/净利润 | 6.19× | 1.69× |
| 过去12个月自由现金流最近4个季度 | $853.3M | $308.2M |
8季度趋势，按日历期对齐
经营现金流BLDRLEVI
| Q4 25 | $194.8M | $266.8M | ||
| Q3 25 | $547.7M | $24.8M | ||
| Q2 25 | $341.0M | $185.5M | ||
| Q1 25 | $132.3M | $52.5M | ||
| Q4 24 | $373.5M | $297.3M | ||
| Q3 24 | $730.0M | $52.3M | ||
| Q2 24 | $452.1M | $262.8M | ||
| Q1 24 | $317.2M | $286.0M |
自由现金流BLDRLEVI
| Q4 25 | $106.7M | $215.7M | ||
| Q3 25 | $461.9M | $-39.4M | ||
| Q2 25 | $252.3M | $146.0M | ||
| Q1 25 | $32.4M | $-14.1M | ||
| Q4 24 | $273.8M | $231.6M | ||
| Q3 24 | $630.4M | $2.3M | ||
| Q2 24 | $364.0M | $222.6M | ||
| Q1 24 | $224.0M | $214.4M |
自由现金流率BLDRLEVI
| Q4 25 | 3.2% | 12.2% | ||
| Q3 25 | 11.7% | -2.6% | ||
| Q2 25 | 6.0% | 10.1% | ||
| Q1 25 | 0.9% | -0.9% | ||
| Q4 24 | 7.2% | 12.6% | ||
| Q3 24 | 14.9% | 0.2% | ||
| Q2 24 | 8.2% | 15.4% | ||
| Q1 24 | 5.8% | 13.8% |
资本支出强度BLDRLEVI
| Q4 25 | 2.6% | 2.9% | ||
| Q3 25 | 2.2% | 4.2% | ||
| Q2 25 | 2.1% | 2.7% | ||
| Q1 25 | 2.7% | 4.4% | ||
| Q4 24 | 2.6% | 3.6% | ||
| Q3 24 | 2.4% | 3.3% | ||
| Q2 24 | 2.0% | 2.8% | ||
| Q1 24 | 2.4% | 4.6% |
现金转化率BLDRLEVI
| Q4 25 | 6.19× | 1.69× | ||
| Q3 25 | 4.48× | 0.11× | ||
| Q2 25 | 1.84× | 2.77× | ||
| Q1 25 | 1.37× | 0.39× | ||
| Q4 24 | 1.96× | 1.63× | ||
| Q3 24 | 2.56× | 2.53× | ||
| Q2 24 | 1.31× | 14.60× | ||
| Q1 24 | 1.23× | — |
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% |
LEVI
| Other | $760.3M | 43% |
| Sales Channel Through Intermediary | $583.2M | 33% |
| Sales Channel Directly To Consumer | $376.0M | 21% |
| Beyond Yoga | $46.3M | 3% |
