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Builders FirstSource（BLDR）与捷迈邦美（ZBH）财务数据对比。点击上方公司名可切换其他公司
Builders FirstSource的季度营收约是捷迈邦美的1.6倍（$3.4B vs $2.1B），捷迈邦美净利率更高（11.4% vs 0.9%，领先10.5%），捷迈邦美同比增速更快（9.3% vs -12.1%），捷迈邦美自由现金流更多（$245.9M vs $106.7M），过去两年捷迈邦美的营收复合增速更高（3.7% 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。
捷迈邦美是一家美国上市的医疗设备企业，1927年成立，最初以生产铝制夹板为核心业务，总部设于印第安纳州华沙市，是当地医疗设备产业集群的核心成员，在全球骨科医疗器械领域拥有较高知名度。
BLDR vs ZBH — 直观对比
营收规模更大
BLDR
是对方的1.6倍
$2.1B
营收增速更快
ZBH
高出21.4%
-12.1%
净利率更高
ZBH
高出10.5%
0.9%
自由现金流更多
ZBH
多$139.2M
$106.7M
两年增速更快
ZBH
近两年复合增速
-7.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.1B |
| 净利润 | $31.5M | $238.3M |
| 毛利率 | 29.8% | 64.6% |
| 营业利润率 | 1.8% | 17.9% |
| 净利率 | 0.9% | 11.4% |
| 营收同比 | -12.1% | 9.3% |
| 净利润同比 | -83.5% | 30.5% |
| 每股收益（稀释后） | $0.29 | $1.22 |
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BLDRZBH
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.4B | $2.2B | ||
| Q3 25 | $3.9B | $2.0B | ||
| Q2 25 | $4.2B | $2.1B | ||
| Q1 25 | $3.7B | $1.9B | ||
| Q4 24 | $3.8B | $2.0B | ||
| Q3 24 | $4.2B | $1.8B | ||
| Q2 24 | $4.5B | $1.9B |
净利润BLDRZBH
| Q1 26 | — | $238.3M | ||
| Q4 25 | $31.5M | $139.4M | ||
| Q3 25 | $122.4M | $230.9M | ||
| Q2 25 | $185.0M | $152.8M | ||
| Q1 25 | $96.3M | $182.0M | ||
| Q4 24 | $190.2M | $239.5M | ||
| Q3 24 | $284.8M | $249.1M | ||
| Q2 24 | $344.1M | $242.8M |
毛利率BLDRZBH
| Q1 26 | — | 64.6% | ||
| Q4 25 | 29.8% | 64.7% | ||
| Q3 25 | 30.4% | 72.1% | ||
| Q2 25 | 30.7% | 71.5% | ||
| Q1 25 | 30.5% | 71.2% | ||
| Q4 24 | 32.3% | 71.0% | ||
| Q3 24 | 32.8% | 70.5% | ||
| Q2 24 | 32.8% | 71.5% |
营业利润率BLDRZBH
| Q1 26 | — | 17.9% | ||
| Q4 25 | 1.8% | 6.9% | ||
| Q3 25 | 5.8% | 17.6% | ||
| Q2 25 | 7.4% | 14.4% | ||
| Q1 25 | 5.0% | 15.3% | ||
| Q4 24 | 8.0% | 19.2% | ||
| Q3 24 | 10.1% | 15.3% | ||
| Q2 24 | 11.0% | 18.1% |
净利率BLDRZBH
| Q1 26 | — | 11.4% | ||
| Q4 25 | 0.9% | 6.2% | ||
| Q3 25 | 3.1% | 11.5% | ||
| Q2 25 | 4.4% | 7.4% | ||
| Q1 25 | 2.6% | 9.5% | ||
| Q4 24 | 5.0% | 11.8% | ||
| Q3 24 | 6.7% | 13.7% | ||
| Q2 24 | 7.7% | 12.5% |
每股收益（稀释后）BLDRZBH
| Q1 26 | — | $1.22 | ||
| Q4 25 | $0.29 | $0.71 | ||
| Q3 25 | $1.10 | $1.16 | ||
| Q2 25 | $1.66 | $0.77 | ||
| Q1 25 | $0.84 | $0.91 | ||
| Q4 24 | $1.65 | $1.18 | ||
| Q3 24 | $2.44 | $1.23 | ||
| Q2 24 | $2.87 | $1.18 |
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 | $424.2M |
| 总债务越低越好 | $4.4B | $7.5B |
| 股东权益账面价值 | $4.4B | $12.7B |
| 总资产 | $11.2B | $22.7B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资BLDRZBH
| Q1 26 | — | $424.2M | ||
| Q4 25 | $181.8M | $591.9M | ||
| Q3 25 | $296.2M | $1.3B | ||
| Q2 25 | $87.0M | $556.9M | ||
| Q1 25 | $115.4M | $1.4B | ||
| Q4 24 | $153.6M | $525.5M | ||
| Q3 24 | $328.1M | $569.0M | ||
| Q2 24 | $75.6M | $420.1M |
总债务BLDRZBH
| Q1 26 | — | $7.5B | ||
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.4B | — | ||
| Q2 25 | $4.7B | — | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $3.7B | — | ||
| Q3 24 | $3.7B | — | ||
| Q2 24 | $3.8B | — |
股东权益BLDRZBH
| Q1 26 | — | $12.7B | ||
| Q4 25 | $4.4B | $12.7B | ||
| Q3 25 | $4.3B | $12.8B | ||
| Q2 25 | $4.2B | $12.5B | ||
| Q1 25 | $4.4B | $12.4B | ||
| Q4 24 | $4.3B | $12.5B | ||
| Q3 24 | $4.4B | $12.4B | ||
| Q2 24 | $4.3B | $12.7B |
总资产BLDRZBH
| Q1 26 | — | $22.7B | ||
| Q4 25 | $11.2B | $23.1B | ||
| Q3 25 | $11.4B | $23.5B | ||
| Q2 25 | $11.5B | $22.9B | ||
| Q1 25 | $11.4B | $22.2B | ||
| Q4 24 | $10.6B | $21.4B | ||
| Q3 24 | $10.9B | $21.7B | ||
| Q2 24 | $10.7B | $21.5B |
负债/权益比BLDRZBH
| Q1 26 | — | 0.59× | ||
| Q4 25 | 1.02× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.02× | — | ||
| Q4 24 | 0.86× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.88× | — |
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 | $359.4M |
| 自由现金流经营现金流 - 资本支出 | $106.7M | $245.9M |
| 自由现金流率自由现金流/营收 | 3.2% | 11.8% |
| 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× | 1.51× |
| 过去12个月自由现金流最近4个季度 | $853.3M | $1.4B |
8季度趋势，按日历期对齐
经营现金流BLDRZBH
| Q1 26 | — | $359.4M | ||
| Q4 25 | $194.8M | $517.4M | ||
| Q3 25 | $547.7M | $418.7M | ||
| Q2 25 | $341.0M | $378.2M | ||
| Q1 25 | $132.3M | $382.8M | ||
| Q4 24 | $373.5M | $506.3M | ||
| Q3 24 | $730.0M | $395.7M | ||
| Q2 24 | $452.1M | $369.4M |
自由现金流BLDRZBH
| Q1 26 | — | $245.9M | ||
| Q4 25 | $106.7M | $442.6M | ||
| Q3 25 | $461.9M | $363.7M | ||
| Q2 25 | $252.3M | $328.1M | ||
| Q1 25 | $32.4M | $338.2M | ||
| Q4 24 | $273.8M | $454.8M | ||
| Q3 24 | $630.4M | $351.2M | ||
| Q2 24 | $364.0M | $316.7M |
自由现金流率BLDRZBH
| Q1 26 | — | 11.8% | ||
| Q4 25 | 3.2% | 19.7% | ||
| Q3 25 | 11.7% | 18.2% | ||
| Q2 25 | 6.0% | 15.8% | ||
| Q1 25 | 0.9% | 17.7% | ||
| Q4 24 | 7.2% | 22.5% | ||
| Q3 24 | 14.9% | 19.3% | ||
| Q2 24 | 8.2% | 16.3% |
资本支出强度BLDRZBH
| Q1 26 | — | — | ||
| Q4 25 | 2.6% | 3.3% | ||
| Q3 25 | 2.2% | 2.7% | ||
| Q2 25 | 2.1% | 2.4% | ||
| Q1 25 | 2.7% | 2.3% | ||
| Q4 24 | 2.6% | 2.5% | ||
| Q3 24 | 2.4% | 2.4% | ||
| Q2 24 | 2.0% | 2.7% |
现金转化率BLDRZBH
| Q1 26 | — | 1.51× | ||
| Q4 25 | 6.19× | 3.71× | ||
| Q3 25 | 4.48× | 1.81× | ||
| Q2 25 | 1.84× | 2.48× | ||
| Q1 25 | 1.37× | 2.10× | ||
| Q4 24 | 1.96× | 2.11× | ||
| Q3 24 | 2.56× | 1.59× | ||
| Q2 24 | 1.31× | 1.52× |
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% |
ZBH
暂无分部数据
