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CRACKER BARREL OLD COUNTRY STORE, INC（CBRL）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
M/I HOMES, INC.的季度营收约是CRACKER BARREL OLD COUNTRY STORE, INC的1.4倍（$1.1B vs $797.2M），M/I HOMES, INC.净利率更高（5.6% vs -3.1%，领先8.7%），M/I HOMES, INC.同比增速更快（-4.8% vs -10.9%），M/I HOMES, INC.自由现金流更多（$-13.0M vs $-88.9M），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -2.4%）
Cracker Barrel是源自美国南方乡村风格的连锁餐厅与礼品店品牌，1969年由丹·埃文斯与汤米·洛创立，总部位于田纳西州黎巴嫩。品牌最初门店多开设在美国东南部和中西部的高速公路出口附近，于上世纪90年代至21世纪初逐步扩张至全美各地。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
CBRL vs MHO — 直观对比
营收规模更大
MHO
是对方的1.4倍
$797.2M
营收增速更快
MHO
高出6.1%
-10.9%
净利率更高
MHO
高出8.7%
-3.1%
自由现金流更多
MHO
多$76.0M
$-88.9M
两年增速更快
MHO
近两年复合增速
-2.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $797.2M | $1.1B |
| 净利润 | $-24.6M | $64.0M |
| 毛利率 | 68.8% | 17.4% |
| 营业利润率 | -4.1% | 6.5% |
| 净利率 | -3.1% | 5.6% |
| 营收同比 | -10.9% | -4.8% |
| 净利润同比 | -235.7% | -52.1% |
| 每股收益（稀释后） | $-1.10 | $2.42 |
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CBRLMHO
| Q4 25 | $797.2M | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | $821.1M | $1.2B | ||
| Q1 25 | $949.4M | $976.1M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $894.4M | $1.1B | ||
| Q2 24 | $817.1M | $1.1B | ||
| Q1 24 | $935.4M | $1.0B |
净利润CBRLMHO
| Q4 25 | $-24.6M | $64.0M | ||
| Q3 25 | — | $106.5M | ||
| Q2 25 | $12.6M | $121.2M | ||
| Q1 25 | $22.2M | $111.2M | ||
| Q4 24 | — | $133.5M | ||
| Q3 24 | $18.1M | $145.4M | ||
| Q2 24 | $-9.2M | $146.7M | ||
| Q1 24 | $26.5M | $138.1M |
毛利率CBRLMHO
| Q4 25 | 68.8% | 17.4% | ||
| Q3 25 | — | 24.5% | ||
| Q2 25 | 69.9% | 24.7% | ||
| Q1 25 | 67.4% | 25.9% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | 69.6% | 27.1% | ||
| Q2 24 | 70.0% | 27.9% | ||
| Q1 24 | 66.3% | 27.1% |
营业利润率CBRLMHO
| Q4 25 | -4.1% | 6.5% | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | 1.8% | 13.4% | ||
| Q1 25 | 3.1% | 14.4% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | 2.5% | 15.9% | ||
| Q2 24 | -2.4% | 16.8% | ||
| Q1 24 | 3.3% | 16.6% |
净利率CBRLMHO
| Q4 25 | -3.1% | 5.6% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | 1.5% | 10.4% | ||
| Q1 25 | 2.3% | 11.4% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | 2.0% | 12.7% | ||
| Q2 24 | -1.1% | 13.2% | ||
| Q1 24 | 2.8% | 13.2% |
每股收益（稀释后）CBRLMHO
| Q4 25 | $-1.10 | $2.42 | ||
| Q3 25 | — | $3.92 | ||
| Q2 25 | $0.56 | $4.42 | ||
| Q1 25 | $0.99 | $3.98 | ||
| Q4 24 | — | $4.71 | ||
| Q3 24 | $0.80 | $5.10 | ||
| Q2 24 | $-0.41 | $5.12 | ||
| Q1 24 | $1.19 | $4.78 |
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 | $8.9M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $428.8M | $3.2B |
| 总资产 | $2.2B | $4.8B |
| 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CBRLMHO
| Q4 25 | $8.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $9.8M | — | ||
| Q1 25 | $10.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.0M | — | ||
| Q2 24 | $11.9M | — | ||
| Q1 24 | $12.6M | — |
股东权益CBRLMHO
| Q4 25 | $428.8M | $3.2B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | $469.3M | $3.1B | ||
| Q1 25 | $460.9M | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $440.1M | $2.8B | ||
| Q2 24 | $426.6M | $2.7B | ||
| Q1 24 | $462.0M | $2.6B |
总资产CBRLMHO
| Q4 25 | $2.2B | $4.8B | ||
| Q3 25 | — | $4.8B | ||
| Q2 25 | $2.1B | $4.7B | ||
| Q1 25 | $2.1B | $4.6B | ||
| Q4 24 | — | $4.5B | ||
| Q3 24 | $2.2B | $4.5B | ||
| Q2 24 | $2.2B | $4.3B | ||
| Q1 24 | $2.2B | $4.2B |
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 | $-53.4M | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $-88.9M | $-13.0M |
| 自由现金流率自由现金流/营收 | -11.2% | -1.1% |
| 资本支出强度资本支出/营收 | 4.5% | 0.4% |
| 现金转化率经营现金流/净利润 | — | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | $127.7M |
8季度趋势，按日历期对齐
经营现金流CBRLMHO
| Q4 25 | $-53.4M | $-8.7M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | $23.0M | $37.8M | ||
| Q1 25 | — | $64.9M | ||
| Q4 24 | — | $104.4M | ||
| Q3 24 | $69.5M | $-67.9M | ||
| Q2 24 | $37.6M | $27.5M | ||
| Q1 24 | $77.7M | $115.8M |
自由现金流CBRLMHO
| Q4 25 | $-88.9M | $-13.0M | ||
| Q3 25 | — | $42.0M | ||
| Q2 25 | $-13.6M | $35.1M | ||
| Q1 25 | — | $63.5M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | $22.1M | $-68.5M | ||
| Q2 24 | $8.2M | $22.0M | ||
| Q1 24 | $50.9M | $115.5M |
自由现金流率CBRLMHO
| Q4 25 | -11.2% | -1.1% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | -1.7% | 3.0% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | 2.5% | -6.0% | ||
| Q2 24 | 1.0% | 2.0% | ||
| Q1 24 | 5.4% | 11.0% |
资本支出强度CBRLMHO
| Q4 25 | 4.5% | 0.4% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | 4.5% | 0.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 5.3% | 0.1% | ||
| Q2 24 | 3.6% | 0.5% | ||
| Q1 24 | 2.9% | 0.0% |
现金转化率CBRLMHO
| Q4 25 | — | -0.14× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | 1.83× | 0.31× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | 3.83× | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | 2.93× | 0.84× |
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
CBRL
| Restaurant | $650.6M | 82% |
| Retail | $146.6M | 18% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
