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BEAZER HOMES USA INC（BZH）与LGI Homes, Inc.（LGIH）财务数据对比。点击上方公司名可切换其他公司
LGI Homes, Inc.的季度营收约是BEAZER HOMES USA INC的1.3倍（$474.0M vs $363.5M）。LGI Homes, Inc.净利率更高（3.7% vs -9.0%，领先12.6%）。LGI Homes, Inc.同比增速更快（-15.0% vs -22.5%）。过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs -18.1%）
比泽尔美国住宅公司是总部位于美国佐治亚州亚特兰大的住宅建筑企业，业务覆盖美国13个州。按竣工交付住宅数量统计，该公司在2016年是美国第十一大住宅建筑商，在美国本土住宅开发建设领域拥有较高的行业地位。
LGI Homes是一家总部位于美国得克萨斯州的新建住宅开发商，业务聚焦美国西南部地区。据《建筑商》杂志统计，该公司目前是美国第十大住宅建筑商，2019年共交付房屋7690套，较2018年增长18.1%，全年房屋销售营收达18亿美元，行业规模位居美国前列。
BZH vs LGIH — 直观对比
营收规模更大
LGIH
是对方的1.3倍
$363.5M
营收增速更快
LGIH
高出7.5%
-22.5%
净利率更高
LGIH
高出12.6%
-9.0%
两年增速更快
LGIH
近两年复合增速
-18.1%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $363.5M | $474.0M |
| 净利润 | $-32.6M | $17.3M |
| 毛利率 | 10.2% | 17.7% |
| 营业利润率 | -8.8% | 3.9% |
| 净利率 | -9.0% | 3.7% |
| 营收同比 | -22.5% | -15.0% |
| 净利润同比 | -1141.4% | -66.0% |
| 每股收益（稀释后） | $-1.13 | $0.74 |
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BZHLGIH
| Q4 25 | $363.5M | $474.0M | ||
| Q3 25 | $791.9M | $396.6M | ||
| Q2 25 | $545.4M | $483.5M | ||
| Q1 25 | $565.3M | $351.4M | ||
| Q4 24 | $469.0M | $557.4M | ||
| Q3 24 | $806.2M | $651.9M | ||
| Q2 24 | $595.7M | $602.5M | ||
| Q1 24 | $541.5M | $390.9M |
净利润BZHLGIH
| Q4 25 | $-32.6M | $17.3M | ||
| Q3 25 | $30.0M | $19.7M | ||
| Q2 25 | $-324.0K | $31.5M | ||
| Q1 25 | $12.8M | $4.0M | ||
| Q4 24 | $3.1M | $50.9M | ||
| Q3 24 | $52.1M | $69.6M | ||
| Q2 24 | $27.2M | $58.6M | ||
| Q1 24 | $39.2M | $17.1M |
毛利率BZHLGIH
| Q4 25 | 10.2% | 17.7% | ||
| Q3 25 | 13.5% | 21.5% | ||
| Q2 25 | 13.3% | 22.9% | ||
| Q1 25 | 15.2% | 21.0% | ||
| Q4 24 | 15.4% | 22.9% | ||
| Q3 24 | 17.5% | 25.1% | ||
| Q2 24 | 17.3% | 25.0% | ||
| Q1 24 | 18.8% | 23.4% |
营业利润率BZHLGIH
| Q4 25 | -8.8% | 3.9% | ||
| Q3 25 | 3.1% | 5.4% | ||
| Q2 25 | -0.7% | 8.2% | ||
| Q1 25 | 2.4% | 0.0% | ||
| Q4 24 | 0.5% | 8.2% | ||
| Q3 24 | 7.2% | 12.3% | ||
| Q2 24 | 4.8% | 11.2% | ||
| Q1 24 | 6.6% | 4.8% |
净利率BZHLGIH
| Q4 25 | -9.0% | 3.7% | ||
| Q3 25 | 3.8% | 5.0% | ||
| Q2 25 | -0.1% | 6.5% | ||
| Q1 25 | 2.3% | 1.1% | ||
| Q4 24 | 0.7% | 9.1% | ||
| Q3 24 | 6.5% | 10.7% | ||
| Q2 24 | 4.6% | 9.7% | ||
| Q1 24 | 7.2% | 4.4% |
每股收益（稀释后）BZHLGIH
| Q4 25 | $-1.13 | $0.74 | ||
| Q3 25 | $1.01 | $0.85 | ||
| Q2 25 | $-0.01 | $1.36 | ||
| Q1 25 | $0.42 | $0.17 | ||
| Q4 24 | $0.10 | $2.15 | ||
| Q3 24 | $1.69 | $2.95 | ||
| Q2 24 | $0.88 | $2.48 | ||
| Q1 24 | $1.26 | $0.72 |
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 | $120.8M | — |
| 总债务越低越好 | — | $1.7B |
| 股东权益账面价值 | $1.2B | $2.1B |
| 总资产 | $2.6B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资BZHLGIH
| Q4 25 | $120.8M | — | ||
| Q3 25 | $214.7M | — | ||
| Q2 25 | $82.9M | — | ||
| Q1 25 | $85.1M | — | ||
| Q4 24 | $80.4M | $53.2M | ||
| Q3 24 | $203.9M | — | ||
| Q2 24 | $73.2M | — | ||
| Q1 24 | $132.9M | — |
总债务BZHLGIH
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BZHLGIH
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $1.2B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $1.9B | ||
| Q1 24 | $1.2B | $1.9B |
总资产BZHLGIH
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.6B | $4.0B | ||
| Q2 25 | $2.7B | $4.0B | ||
| Q1 25 | $2.7B | $3.9B | ||
| Q4 24 | $2.6B | $3.8B | ||
| Q3 24 | $2.6B | $3.8B | ||
| Q2 24 | $2.6B | $3.7B | ||
| Q1 24 | $2.5B | $3.5B |
负债/权益比BZHLGIH
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-165.3M | $86.8M |
| 自由现金流经营现金流 - 资本支出 | $-170.9M | — |
| 自由现金流率自由现金流/营收 | -47.0% | — |
| 资本支出强度资本支出/营收 | 1.5% | 0.0% |
| 现金转化率经营现金流/净利润 | — | 5.01× |
| 过去12个月自由现金流最近4个季度 | $-2.8M | — |
8季度趋势，按日历期对齐
经营现金流BZHLGIH
| Q4 25 | $-165.3M | $86.8M | ||
| Q3 25 | $250.2M | $-13.2M | ||
| Q2 25 | $-62.3M | $-86.4M | ||
| Q1 25 | $3.4M | $-127.1M | ||
| Q4 24 | $-159.4M | $57.0M | ||
| Q3 24 | $185.4M | $-17.8M | ||
| Q2 24 | $-83.4M | $-83.5M | ||
| Q1 24 | $-14.0M | $-99.5M |
自由现金流BZHLGIH
| Q4 25 | $-170.9M | — | ||
| Q3 25 | $242.7M | $-13.3M | ||
| Q2 25 | $-70.2M | $-86.4M | ||
| Q1 25 | $-4.4M | $-128.0M | ||
| Q4 24 | $-164.6M | $56.4M | ||
| Q3 24 | $179.8M | $-17.8M | ||
| Q2 24 | $-88.6M | $-83.8M | ||
| Q1 24 | $-19.9M | $-100.5M |
自由现金流率BZHLGIH
| Q4 25 | -47.0% | — | ||
| Q3 25 | 30.6% | -3.3% | ||
| Q2 25 | -12.9% | -17.9% | ||
| Q1 25 | -0.8% | -36.4% | ||
| Q4 24 | -35.1% | 10.1% | ||
| Q3 24 | 22.3% | -2.7% | ||
| Q2 24 | -14.9% | -13.9% | ||
| Q1 24 | -3.7% | -25.7% |
资本支出强度BZHLGIH
| Q4 25 | 1.5% | 0.0% | ||
| Q3 25 | 0.9% | 0.0% | ||
| Q2 25 | 1.5% | 0.0% | ||
| Q1 25 | 1.4% | 0.2% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 0.7% | 0.0% | ||
| Q2 24 | 0.9% | 0.0% | ||
| Q1 24 | 1.1% | 0.3% |
现金转化率BZHLGIH
| Q4 25 | — | 5.01× | ||
| Q3 25 | 8.34× | -0.67× | ||
| Q2 25 | — | -2.74× | ||
| Q1 25 | 0.27× | -31.83× | ||
| Q4 24 | -50.92× | 1.12× | ||
| Q3 24 | 3.56× | -0.26× | ||
| Q2 24 | -3.07× | -1.43× | ||
| Q1 24 | -0.36× | -5.83× |
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
BZH
| West Segment | $223.5M | 61% |
| East Segment | $93.5M | 26% |
| Southeast Segment | $46.5M | 13% |
LGIH
| West Reportable Segment | $128.2M | 27% |
| Southeast Reportable Segment | $118.9M | 25% |
| Central Reportable Segment | $105.8M | 22% |
| Florida Reportable Segment | $69.2M | 15% |
| Northwest Reportable Segment | $51.8M | 11% |
