vs
BEAZER HOMES USA INC（BZH）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是BEAZER HOMES USA INC的3.8倍（$1.4B vs $363.5M）。Taylor Morrison Home Corp净利率更高（7.1% vs -9.0%，领先16.1%）。BEAZER HOMES USA INC同比增速更快（-22.5% vs -26.8%）。过去两年Taylor Morrison Home Corp的营收复合增速更高（-16.5% 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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
BZH vs TMHC — 直观对比
营收规模更大
TMHC
是对方的3.8倍
$363.5M
营收增速更快
BZH
高出4.4%
-26.8%
净利率更高
TMHC
高出16.1%
-9.0%
两年增速更快
TMHC
近两年复合增速
-18.1%
损益表 — Q1 2026 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $363.5M | $1.4B |
| 净利润 | $-32.6M | $98.6M |
| 毛利率 | 10.2% | 21.0% |
| 营业利润率 | -8.8% | — |
| 净利率 | -9.0% | 7.1% |
| 营收同比 | -22.5% | -26.8% |
| 净利润同比 | -1141.4% | -53.8% |
| 每股收益（稀释后） | $-1.13 | $1.12 |
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BZHTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $363.5M | $2.1B | ||
| Q3 25 | $791.9M | $2.1B | ||
| Q2 25 | $545.4M | $2.0B | ||
| Q1 25 | $565.3M | $1.9B | ||
| Q4 24 | $469.0M | $2.4B | ||
| Q3 24 | $806.2M | $2.1B | ||
| Q2 24 | $595.7M | $2.0B |
净利润BZHTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $-32.6M | $174.0M | ||
| Q3 25 | $30.0M | $201.4M | ||
| Q2 25 | $-324.0K | $193.6M | ||
| Q1 25 | $12.8M | $213.5M | ||
| Q4 24 | $3.1M | $242.5M | ||
| Q3 24 | $52.1M | $251.1M | ||
| Q2 24 | $27.2M | $199.5M |
毛利率BZHTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 10.2% | 22.0% | ||
| Q3 25 | 13.5% | 22.7% | ||
| Q2 25 | 13.3% | 23.0% | ||
| Q1 25 | 15.2% | 24.4% | ||
| Q4 24 | 15.4% | 23.9% | ||
| Q3 24 | 17.5% | 25.0% | ||
| Q2 24 | 17.3% | 23.7% |
营业利润率BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | -8.8% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | -0.7% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 4.8% | — |
净利率BZHTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | -9.0% | 8.3% | ||
| Q3 25 | 3.8% | 9.6% | ||
| Q2 25 | -0.1% | 9.5% | ||
| Q1 25 | 2.3% | 11.3% | ||
| Q4 24 | 0.7% | 10.3% | ||
| Q3 24 | 6.5% | 11.8% | ||
| Q2 24 | 4.6% | 10.0% |
每股收益（稀释后）BZHTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $-1.13 | $1.77 | ||
| Q3 25 | $1.01 | $2.01 | ||
| Q2 25 | $-0.01 | $1.92 | ||
| Q1 25 | $0.42 | $2.07 | ||
| Q4 24 | $0.10 | $2.29 | ||
| Q3 24 | $1.69 | $2.37 | ||
| Q2 24 | $0.88 | $1.86 |
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 | $652.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.2B | $6.2B |
| 总资产 | $2.6B | $9.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BZHTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $120.8M | $850.0M | ||
| Q3 25 | $214.7M | $370.6M | ||
| Q2 25 | $82.9M | $130.2M | ||
| Q1 25 | $85.1M | $377.8M | ||
| Q4 24 | $80.4M | $487.2M | ||
| Q3 24 | $203.9M | $256.4M | ||
| Q2 24 | $73.2M | $246.8M |
总债务BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益BZHTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $1.2B | $6.3B | ||
| Q3 25 | $1.2B | $6.2B | ||
| Q2 25 | $1.2B | $6.1B | ||
| Q1 25 | $1.2B | $6.0B | ||
| Q4 24 | $1.2B | $5.9B | ||
| Q3 24 | $1.2B | $5.7B | ||
| Q2 24 | $1.2B | $5.5B |
总资产BZHTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $2.6B | $9.8B | ||
| Q3 25 | $2.6B | $9.6B | ||
| Q2 25 | $2.7B | $9.5B | ||
| Q1 25 | $2.7B | $9.4B | ||
| Q4 24 | $2.6B | $9.3B | ||
| Q3 24 | $2.6B | $9.3B | ||
| Q2 24 | $2.6B | $9.1B |
负债/权益比BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | — |
| 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% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | $-165.3M | $646.4M | ||
| Q3 25 | $250.2M | $219.6M | ||
| Q2 25 | $-62.3M | $-126.0M | ||
| Q1 25 | $3.4M | $77.2M | ||
| Q4 24 | $-159.4M | $438.2M | ||
| Q3 24 | $185.4M | $135.9M | ||
| Q2 24 | $-83.4M | $-233.3M |
自由现金流BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | $-170.9M | $635.3M | ||
| Q3 25 | $242.7M | $206.6M | ||
| Q2 25 | $-70.2M | $-133.6M | ||
| Q1 25 | $-4.4M | $68.7M | ||
| Q4 24 | $-164.6M | $428.2M | ||
| Q3 24 | $179.8M | $127.1M | ||
| Q2 24 | $-88.6M | $-241.7M |
自由现金流率BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | -47.0% | 30.3% | ||
| Q3 25 | 30.6% | 9.9% | ||
| Q2 25 | -12.9% | -6.6% | ||
| Q1 25 | -0.8% | 3.6% | ||
| Q4 24 | -35.1% | 18.2% | ||
| Q3 24 | 22.3% | 6.0% | ||
| Q2 24 | -14.9% | -12.1% |
资本支出强度BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 0.5% | ||
| Q3 25 | 0.9% | 0.6% | ||
| Q2 25 | 1.5% | 0.4% | ||
| Q1 25 | 1.4% | 0.4% | ||
| Q4 24 | 1.1% | 0.4% | ||
| Q3 24 | 0.7% | 0.4% | ||
| Q2 24 | 0.9% | 0.4% |
现金转化率BZHTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | 8.34× | 1.09× | ||
| Q2 25 | — | -0.65× | ||
| Q1 25 | 0.27× | 0.36× | ||
| Q4 24 | -50.92× | 1.81× | ||
| Q3 24 | 3.56× | 0.54× | ||
| Q2 24 | -3.07× | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
