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Builders FirstSource（BLDR）与Unum Group（UNM）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Unum Group的1.0倍（$3.4B vs $3.4B），Unum Group净利率更高（6.9% vs 0.9%，领先6.0%），Unum Group同比增速更快（8.5% vs -12.1%），过去两年Unum Group的营收复合增速更高（1.9% 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。
Unum Group是美国财富500强保险企业，总部位于田纳西州查塔努加，前身为1848年成立的联合相互保险公司，1999年合并后曾用名UnumProvident至2007年。集团现设四大业务板块，覆盖美、英、波兰市场，旗下承保主体包括保罗里维尔人寿保险、普罗维登斯人伤意外险公司等。
BLDR vs UNM — 直观对比
营收规模更大
BLDR
是对方的1.0倍
$3.4B
营收增速更快
UNM
高出20.6%
-12.1%
净利率更高
UNM
高出6.0%
0.9%
两年增速更快
UNM
近两年复合增速
-7.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.4B |
| 净利润 | $31.5M | $232.0M |
| 毛利率 | 29.8% | — |
| 营业利润率 | 1.8% | — |
| 净利率 | 0.9% | 6.9% |
| 营收同比 | -12.1% | 8.5% |
| 净利润同比 | -83.5% | 22.7% |
| 每股收益（稀释后） | $0.29 | — |
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BLDRUNM
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.4B | $3.2B | ||
| Q3 25 | $3.9B | $3.4B | ||
| Q2 25 | $4.2B | $3.4B | ||
| Q1 25 | $3.7B | $3.1B | ||
| Q4 24 | $3.8B | $3.2B | ||
| Q3 24 | $4.2B | $3.2B | ||
| Q2 24 | $4.5B | $3.2B |
净利润BLDRUNM
| Q1 26 | — | $232.0M | ||
| Q4 25 | $31.5M | $174.1M | ||
| Q3 25 | $122.4M | $39.7M | ||
| Q2 25 | $185.0M | $335.6M | ||
| Q1 25 | $96.3M | $189.1M | ||
| Q4 24 | $190.2M | $348.7M | ||
| Q3 24 | $284.8M | $645.7M | ||
| Q2 24 | $344.1M | $389.5M |
毛利率BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | 29.8% | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 30.7% | — | ||
| Q1 25 | 30.5% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | — | ||
| Q2 24 | 32.8% | — |
营业利润率BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 6.7% | ||
| Q3 25 | 5.8% | 1.6% | ||
| Q2 25 | 7.4% | 12.4% | ||
| Q1 25 | 5.0% | 7.9% | ||
| Q4 24 | 8.0% | 13.8% | ||
| Q3 24 | 10.1% | 15.6% | ||
| Q2 24 | 11.0% | 15.3% |
净利率BLDRUNM
| Q1 26 | — | 6.9% | ||
| Q4 25 | 0.9% | 5.4% | ||
| Q3 25 | 3.1% | 1.2% | ||
| Q2 25 | 4.4% | 10.0% | ||
| Q1 25 | 2.6% | 6.1% | ||
| Q4 24 | 5.0% | 10.8% | ||
| Q3 24 | 6.7% | 20.1% | ||
| Q2 24 | 7.7% | 12.0% |
每股收益（稀释后）BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | $0.29 | $1.06 | ||
| Q3 25 | $1.10 | $0.23 | ||
| Q2 25 | $1.66 | $1.92 | ||
| Q1 25 | $0.84 | $1.06 | ||
| Q4 24 | $1.65 | $1.91 | ||
| Q3 24 | $2.44 | $3.46 | ||
| Q2 24 | $2.87 | $2.05 |
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 | $2.1M |
| 总债务越低越好 | $4.4B | $3.8M |
| 股东权益账面价值 | $4.4B | $10.9M |
| 总资产 | $11.2B | $62.7M |
| 负债/权益比越低杠杆越低 | 1.02× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资BLDRUNM
| Q1 26 | — | $2.1M | ||
| Q4 25 | $181.8M | — | ||
| Q3 25 | $296.2M | — | ||
| Q2 25 | $87.0M | — | ||
| Q1 25 | $115.4M | — | ||
| Q4 24 | $153.6M | — | ||
| Q3 24 | $328.1M | — | ||
| Q2 24 | $75.6M | — |
总债务BLDRUNM
| Q1 26 | — | $3.8M | ||
| Q4 25 | $4.4B | $3.8B | ||
| Q3 25 | $4.4B | $3.5B | ||
| Q2 25 | $4.7B | $3.5B | ||
| Q1 25 | $4.5B | $3.5B | ||
| Q4 24 | $3.7B | $3.5B | ||
| Q3 24 | $3.7B | $3.5B | ||
| Q2 24 | $3.8B | $3.5B |
股东权益BLDRUNM
| Q1 26 | — | $10.9M | ||
| Q4 25 | $4.4B | $11.1B | ||
| Q3 25 | $4.3B | $10.9B | ||
| Q2 25 | $4.2B | $11.3B | ||
| Q1 25 | $4.4B | $11.2B | ||
| Q4 24 | $4.3B | $11.0B | ||
| Q3 24 | $4.4B | $11.0B | ||
| Q2 24 | $4.3B | $10.5B |
总资产BLDRUNM
| Q1 26 | — | $62.7M | ||
| Q4 25 | $11.2B | $63.5B | ||
| Q3 25 | $11.4B | $63.7B | ||
| Q2 25 | $11.5B | $62.8B | ||
| Q1 25 | $11.4B | $62.5B | ||
| Q4 24 | $10.6B | $62.0B | ||
| Q3 24 | $10.9B | $64.1B | ||
| Q2 24 | $10.7B | $62.0B |
负债/权益比BLDRUNM
| Q1 26 | — | 0.35× | ||
| Q4 25 | 1.02× | 0.34× | ||
| Q3 25 | 1.03× | 0.32× | ||
| Q2 25 | 1.12× | 0.31× | ||
| Q1 25 | 1.02× | 0.31× | ||
| Q4 24 | 0.86× | 0.32× | ||
| Q3 24 | 0.83× | 0.32× | ||
| Q2 24 | 0.88× | 0.33× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $106.7M | — |
| 自由现金流率自由现金流/营收 | 3.2% | — |
| 资本支出强度资本支出/营收 | 2.6% | — |
| 现金转化率经营现金流/净利润 | 6.19× | — |
| 过去12个月自由现金流最近4个季度 | $853.3M | — |
8季度趋势，按日历期对齐
经营现金流BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | $194.8M | $357.9M | ||
| Q3 25 | $547.7M | $-371.8M | ||
| Q2 25 | $341.0M | $348.0M | ||
| Q1 25 | $132.3M | $353.6M | ||
| Q4 24 | $373.5M | $485.8M | ||
| Q3 24 | $730.0M | $390.0M | ||
| Q2 24 | $452.1M | $339.1M |
自由现金流BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | $106.7M | $320.1M | ||
| Q3 25 | $461.9M | $-402.6M | ||
| Q2 25 | $252.3M | $320.1M | ||
| Q1 25 | $32.4M | $317.8M | ||
| Q4 24 | $273.8M | $453.8M | ||
| Q3 24 | $630.4M | $352.3M | ||
| Q2 24 | $364.0M | $311.4M |
自由现金流率BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 9.9% | ||
| Q3 25 | 11.7% | -11.9% | ||
| Q2 25 | 6.0% | 9.5% | ||
| Q1 25 | 0.9% | 10.3% | ||
| Q4 24 | 7.2% | 14.0% | ||
| Q3 24 | 14.9% | 11.0% | ||
| Q2 24 | 8.2% | 9.6% |
资本支出强度BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 1.2% | ||
| Q3 25 | 2.2% | 0.9% | ||
| Q2 25 | 2.1% | 0.8% | ||
| Q1 25 | 2.7% | 1.2% | ||
| Q4 24 | 2.6% | 1.0% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 2.0% | 0.9% |
现金转化率BLDRUNM
| Q1 26 | — | — | ||
| Q4 25 | 6.19× | 2.06× | ||
| Q3 25 | 4.48× | -9.37× | ||
| Q2 25 | 1.84× | 1.04× | ||
| Q1 25 | 1.37× | 1.87× | ||
| Q4 24 | 1.96× | 1.39× | ||
| Q3 24 | 2.56× | 0.60× | ||
| Q2 24 | 1.31× | 0.87× |
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% |
UNM
| Premium Income | $2.8B | 83% |
| Other | $561.2M | 17% |
