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高乐氏（CLX）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是高乐氏的1.6倍（$2.7B vs $1.7B），NVR, Inc.净利率更高（13.4% vs 9.4%，领先4.0%），高乐氏同比增速更快（0.3% vs -4.7%），过去两年NVR, Inc.的营收复合增速更高（7.8% vs -8.3%）
高乐氏是美国跨国企业，专业从事消费级与专业用途产品的生产及营销。2000年至2024年持续入选《财富》500强榜单，最新排名为第485位，旗下产品覆盖清洁护理、家居日用等多个品类，在全球消费市场拥有较高认可度。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
CLX vs NVR — 直观对比
营收规模更大
NVR
是对方的1.6倍
$1.7B
营收增速更快
CLX
高出5.0%
-4.7%
净利率更高
NVR
高出4.0%
9.4%
两年增速更快
NVR
近两年复合增速
-8.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.7B |
| 净利润 | $157.0M | $363.8M |
| 毛利率 | 43.2% | — |
| 营业利润率 | — | — |
| 净利率 | 9.4% | 13.4% |
| 营收同比 | 0.3% | -4.7% |
| 净利润同比 | -15.6% | -20.5% |
| 每股收益（稀释后） | $1.29 | $120.85 |
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CLXNVR
| Q4 25 | $1.7B | $2.7B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | $2.0B | $2.6B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.7B | $2.8B | ||
| Q3 24 | $1.8B | $2.7B | ||
| Q2 24 | $1.9B | $2.6B | ||
| Q1 24 | $1.8B | $2.3B |
净利润CLXNVR
| Q4 25 | $157.0M | $363.8M | ||
| Q3 25 | — | $342.7M | ||
| Q2 25 | $332.0M | $333.7M | ||
| Q1 25 | $186.0M | $299.6M | ||
| Q4 24 | $193.0M | $457.4M | ||
| Q3 24 | $99.0M | $429.3M | ||
| Q2 24 | $216.0M | $400.9M | ||
| Q1 24 | $-51.0M | $394.3M |
毛利率CLXNVR
| Q4 25 | 43.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 46.5% | — | ||
| Q1 25 | 44.6% | — | ||
| Q4 24 | 43.8% | — | ||
| Q3 24 | 45.8% | — | ||
| Q2 24 | 46.5% | — | ||
| Q1 24 | 42.2% | — |
营业利润率CLXNVR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 20.6% | — | ||
| Q1 25 | 15.2% | — | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 10.0% | — | ||
| Q2 24 | 14.5% | — | ||
| Q1 24 | -2.3% | — |
净利率CLXNVR
| Q4 25 | 9.4% | 13.4% | ||
| Q3 25 | — | 13.1% | ||
| Q2 25 | 16.7% | 12.8% | ||
| Q1 25 | 11.2% | 12.5% | ||
| Q4 24 | 11.4% | 16.1% | ||
| Q3 24 | 5.6% | 15.7% | ||
| Q2 24 | 11.4% | 15.3% | ||
| Q1 24 | -2.8% | 16.9% |
每股收益（稀释后）CLXNVR
| Q4 25 | $1.29 | $120.85 | ||
| Q3 25 | — | $112.33 | ||
| Q2 25 | $2.68 | $108.54 | ||
| Q1 25 | $1.50 | $94.83 | ||
| Q4 24 | $1.54 | $139.09 | ||
| Q3 24 | $0.80 | $130.50 | ||
| Q2 24 | $1.74 | $120.69 | ||
| Q1 24 | $-0.41 | $116.41 |
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 | $227.0M | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-125.0M | $3.9B |
| 总资产 | $5.6B | $5.9B |
| 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CLXNVR
| Q4 25 | $227.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $167.0M | — | ||
| Q1 25 | $226.0M | — | ||
| Q4 24 | $290.0M | — | ||
| Q3 24 | $278.0M | — | ||
| Q2 24 | $202.0M | — | ||
| Q1 24 | $219.0M | — |
总债务CLXNVR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.5B | — | ||
| Q1 24 | — | — |
股东权益CLXNVR
| Q4 25 | $-125.0M | $3.9B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | $321.0M | $3.8B | ||
| Q1 25 | $27.0M | $4.0B | ||
| Q4 24 | $-41.0M | $4.2B | ||
| Q3 24 | $60.0M | $4.3B | ||
| Q2 24 | $328.0M | $4.1B | ||
| Q1 24 | $91.0M | $4.3B |
总资产CLXNVR
| Q4 25 | $5.6B | $5.9B | ||
| Q3 25 | — | $6.0B | ||
| Q2 25 | $5.6B | $5.9B | ||
| Q1 25 | $5.5B | $6.2B | ||
| Q4 24 | $5.6B | $6.4B | ||
| Q3 24 | $5.5B | $6.5B | ||
| Q2 24 | $5.8B | $6.4B | ||
| Q1 24 | $5.8B | $6.5B |
负债/权益比CLXNVR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 7.74× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 7.56× | — | ||
| 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 | — | $439.7M |
| 自由现金流经营现金流 - 资本支出 | — | $436.0M |
| 自由现金流率自由现金流/营收 | — | 16.1% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.21× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流CLXNVR
| Q4 25 | — | $439.7M | ||
| Q3 25 | — | $438.7M | ||
| Q2 25 | $294.0M | $35.1M | ||
| Q1 25 | $286.0M | $207.8M | ||
| Q4 24 | $180.0M | $637.0M | ||
| Q3 24 | $221.0M | $358.3M | ||
| Q2 24 | $340.0M | $232.7M | ||
| Q1 24 | $182.0M | $146.5M |
自由现金流CLXNVR
| Q4 25 | — | $436.0M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | $219.0M | $26.8M | ||
| Q1 25 | $233.0M | $200.7M | ||
| Q4 24 | $127.0M | $631.5M | ||
| Q3 24 | $182.0M | $350.1M | ||
| Q2 24 | $259.0M | $226.3M | ||
| Q1 24 | $127.0M | $137.5M |
自由现金流率CLXNVR
| Q4 25 | — | 16.1% | ||
| Q3 25 | — | 16.6% | ||
| Q2 25 | 11.0% | 1.0% | ||
| Q1 25 | 14.0% | 8.4% | ||
| Q4 24 | 7.5% | 22.2% | ||
| Q3 24 | 10.3% | 12.8% | ||
| Q2 24 | 13.6% | 8.7% | ||
| Q1 24 | 7.0% | 5.9% |
资本支出强度CLXNVR
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.2% | ||
| Q2 25 | 3.8% | 0.3% | ||
| Q1 25 | 3.2% | 0.3% | ||
| Q4 24 | 3.1% | 0.2% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 4.3% | 0.2% | ||
| Q1 24 | 3.0% | 0.4% |
现金转化率CLXNVR
| Q4 25 | — | 1.21× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | 0.89× | 0.11× | ||
| Q1 25 | 1.54× | 0.69× | ||
| Q4 24 | 0.93× | 1.39× | ||
| Q3 24 | 2.23× | 0.83× | ||
| Q2 24 | 1.57× | 0.58× | ||
| Q1 24 | — | 0.37× |
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
CLX
| Health And Wellness | $643.0M | 38% |
| Household | $419.0M | 25% |
| Lifestyle | $321.0M | 19% |
| Other | $290.0M | 17% |
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
