vs
Builders FirstSource（BLDR）与Vistra Corp.（VST）财务数据对比。点击上方公司名可切换其他公司
Vistra Corp.的季度营收约是Builders FirstSource的1.4倍（$4.8B vs $3.4B），Vistra Corp.净利率更高（4.8% vs 0.9%，领先3.9%），Vistra Corp.同比增速更快（31.2% vs -12.1%），Vistra Corp.自由现金流更多（$596.0M vs $106.7M），过去两年Vistra Corp.的营收复合增速更高（23.3% 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。
股票代码为VST的Vistra Corp是总部位于美国得克萨斯州的能源企业，主营电力生产、可再生能源开发及能源零售等业务。此外“Vistra”也可指一家总部位于中国香港的企业服务提供商，为全球客户提供公司注册、合规管理等专业服务。
BLDR vs VST — 直观对比
营收规模更大
VST
是对方的1.4倍
$3.4B
营收增速更快
VST
高出43.3%
-12.1%
净利率更高
VST
高出3.9%
0.9%
自由现金流更多
VST
多$489.3M
$106.7M
两年增速更快
VST
近两年复合增速
-7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $4.8B |
| 净利润 | $31.5M | $233.0M |
| 毛利率 | 29.8% | — |
| 营业利润率 | 1.8% | 9.9% |
| 净利率 | 0.9% | 4.8% |
| 营收同比 | -12.1% | 31.2% |
| 净利润同比 | -83.5% | -47.2% |
| 每股收益（稀释后） | $0.29 | $0.55 |
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BLDRVST
| Q4 25 | $3.4B | $4.8B | ||
| Q3 25 | $3.9B | $4.8B | ||
| Q2 25 | $4.2B | $3.8B | ||
| Q1 25 | $3.7B | $4.3B | ||
| Q4 24 | $3.8B | $3.7B | ||
| Q3 24 | $4.2B | $4.3B | ||
| Q2 24 | $4.5B | $3.6B | ||
| Q1 24 | $3.9B | $3.2B |
净利润BLDRVST
| Q4 25 | $31.5M | $233.0M | ||
| Q3 25 | $122.4M | $652.0M | ||
| Q2 25 | $185.0M | $327.0M | ||
| Q1 25 | $96.3M | $-268.0M | ||
| Q4 24 | $190.2M | $441.0M | ||
| Q3 24 | $284.8M | $1.9B | ||
| Q2 24 | $344.1M | $365.0M | ||
| Q1 24 | $258.8M | $-35.0M |
毛利率BLDRVST
| 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% | — | ||
| Q1 24 | 33.4% | — |
营业利润率BLDRVST
| Q4 25 | 1.8% | 9.9% | ||
| Q3 25 | 5.8% | 21.7% | ||
| Q2 25 | 7.4% | 13.7% | ||
| Q1 25 | 5.0% | -2.8% | ||
| Q4 24 | 8.0% | 16.4% | ||
| Q3 24 | 10.1% | 59.6% | ||
| Q2 24 | 11.0% | 22.5% | ||
| Q1 24 | 9.6% | 2.7% |
净利率BLDRVST
| Q4 25 | 0.9% | 4.8% | ||
| Q3 25 | 3.1% | 13.6% | ||
| Q2 25 | 4.4% | 8.7% | ||
| Q1 25 | 2.6% | -6.3% | ||
| Q4 24 | 5.0% | 12.0% | ||
| Q3 24 | 6.7% | 43.5% | ||
| Q2 24 | 7.7% | 10.1% | ||
| Q1 24 | 6.7% | -1.1% |
每股收益（稀释后）BLDRVST
| Q4 25 | $0.29 | $0.55 | ||
| Q3 25 | $1.10 | $1.75 | ||
| Q2 25 | $1.66 | $0.81 | ||
| Q1 25 | $0.84 | $-0.93 | ||
| Q4 24 | $1.65 | $1.09 | ||
| Q3 24 | $2.44 | $5.25 | ||
| Q2 24 | $2.87 | $0.90 | ||
| Q1 24 | $2.10 | $-0.24 |
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 | $785.0M |
| 总债务越低越好 | $4.4B | $15.8B |
| 股东权益账面价值 | $4.4B | $5.1B |
| 总资产 | $11.2B | $41.5B |
| 负债/权益比越低杠杆越低 | 1.02× | 3.11× |
8季度趋势，按日历期对齐
现金及短期投资BLDRVST
| Q4 25 | $181.8M | $785.0M | ||
| Q3 25 | $296.2M | $602.0M | ||
| Q2 25 | $87.0M | $458.0M | ||
| Q1 25 | $115.4M | $561.0M | ||
| Q4 24 | $153.6M | $1.2B | ||
| Q3 24 | $328.1M | $905.0M | ||
| Q2 24 | $75.6M | $1.6B | ||
| Q1 24 | $697.5M | $1.1B |
总债务BLDRVST
| Q4 25 | $4.4B | $15.8B | ||
| Q3 25 | $4.4B | $15.8B | ||
| Q2 25 | $4.7B | $15.5B | ||
| Q1 25 | $4.5B | $15.4B | ||
| Q4 24 | $3.7B | $15.4B | ||
| Q3 24 | $3.7B | $13.9B | ||
| Q2 24 | $3.8B | $13.9B | ||
| Q1 24 | $3.7B | $14.7B |
股东权益BLDRVST
| Q4 25 | $4.4B | $5.1B | ||
| Q3 25 | $4.3B | $5.2B | ||
| Q2 25 | $4.2B | $4.8B | ||
| Q1 25 | $4.4B | $4.8B | ||
| Q4 24 | $4.3B | $5.6B | ||
| Q3 24 | $4.4B | $5.4B | ||
| Q2 24 | $4.3B | $5.6B | ||
| Q1 24 | $5.0B | $5.7B |
总资产BLDRVST
| Q4 25 | $11.2B | $41.5B | ||
| Q3 25 | $11.4B | $38.0B | ||
| Q2 25 | $11.5B | $38.1B | ||
| Q1 25 | $11.4B | $38.2B | ||
| Q4 24 | $10.6B | $37.8B | ||
| Q3 24 | $10.9B | $37.9B | ||
| Q2 24 | $10.7B | $39.1B | ||
| Q1 24 | $11.2B | $38.2B |
负债/权益比BLDRVST
| Q4 25 | 1.02× | 3.11× | ||
| Q3 25 | 1.03× | 3.02× | ||
| Q2 25 | 1.12× | 3.22× | ||
| Q1 25 | 1.02× | 3.20× | ||
| Q4 24 | 0.86× | 2.77× | ||
| Q3 24 | 0.83× | 2.56× | ||
| Q2 24 | 0.88× | 2.49× | ||
| Q1 24 | 0.75× | 2.60× |
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 | $1.4B |
| 自由现金流经营现金流 - 资本支出 | $106.7M | $596.0M |
| 自由现金流率自由现金流/营收 | 3.2% | 12.4% |
| 资本支出强度资本支出/营收 | 2.6% | 17.4% |
| 现金转化率经营现金流/净利润 | 6.19× | 6.15× |
| 过去12个月自由现金流最近4个季度 | $853.3M | $1.3B |
8季度趋势，按日历期对齐
经营现金流BLDRVST
| Q4 25 | $194.8M | $1.4B | ||
| Q3 25 | $547.7M | $1.5B | ||
| Q2 25 | $341.0M | $572.0M | ||
| Q1 25 | $132.3M | $599.0M | ||
| Q4 24 | $373.5M | $1.4B | ||
| Q3 24 | $730.0M | $1.7B | ||
| Q2 24 | $452.1M | $1.2B | ||
| Q1 24 | $317.2M | $312.0M |
自由现金流BLDRVST
| Q4 25 | $106.7M | $596.0M | ||
| Q3 25 | $461.9M | $1.0B | ||
| Q2 25 | $252.3M | $-118.0M | ||
| Q1 25 | $32.4M | $-169.0M | ||
| Q4 24 | $273.8M | $923.0M | ||
| Q3 24 | $630.4M | $1.0B | ||
| Q2 24 | $364.0M | $698.0M | ||
| Q1 24 | $224.0M | $-153.0M |
自由现金流率BLDRVST
| Q4 25 | 3.2% | 12.4% | ||
| Q3 25 | 11.7% | 21.1% | ||
| Q2 25 | 6.0% | -3.1% | ||
| Q1 25 | 0.9% | -4.0% | ||
| Q4 24 | 7.2% | 25.2% | ||
| Q3 24 | 14.9% | 23.4% | ||
| Q2 24 | 8.2% | 19.4% | ||
| Q1 24 | 5.8% | -4.8% |
资本支出强度BLDRVST
| Q4 25 | 2.6% | 17.4% | ||
| Q3 25 | 2.2% | 9.6% | ||
| Q2 25 | 2.1% | 18.4% | ||
| Q1 25 | 2.7% | 18.1% | ||
| Q4 24 | 2.6% | 11.7% | ||
| Q3 24 | 2.4% | 15.8% | ||
| Q2 24 | 2.0% | 13.8% | ||
| Q1 24 | 2.4% | 14.7% |
现金转化率BLDRVST
| Q4 25 | 6.19× | 6.15× | ||
| Q3 25 | 4.48× | 2.25× | ||
| Q2 25 | 1.84× | 1.75× | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 1.96× | 3.07× | ||
| Q3 24 | 2.56× | 0.90× | ||
| Q2 24 | 1.31× | 3.28× | ||
| 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% |
VST
| Retail Energy Charge In ERCOT | $2.1B | 43% |
| Retail Energy Charge In Northeast Midwest | $1.2B | 24% |
| East Segment | $1.1B | 24% |
| Hedging Revenue Realized | $170.0M | 4% |
| Revenue From Other Wholesale Contracts | $116.0M | 2% |
| Transferable Production Tax Credit Revenues | $78.0M | 2% |
| West Segment | $77.0M | 2% |
| Intersegment Sales | $25.0M | 1% |
