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CAVCO INDUSTRIES, INC.（CVCO）与Tri Pointe Homes, Inc.（TPH）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是CAVCO INDUSTRIES, INC.的1.7倍（$972.6M vs $581.0M），CAVCO INDUSTRIES, INC.净利率更高（7.6% vs 6.2%，领先1.4%），CAVCO INDUSTRIES, INC.同比增速更快（11.3% vs -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $57.6M），过去两年CAVCO INDUSTRIES, INC.的营收复合增速更高（17.6% vs 1.8%）
Cavco工业是总部位于美国亚利桑那州凤凰城的制造企业，主营模块化住宅、休闲房车、度假木屋及预制房屋产品，在美国各地布局有完善的制造工厂与零售门店网络，可满足多元居住及休闲场景的使用需求。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
CVCO vs TPH — 直观对比
营收规模更大
TPH
是对方的1.7倍
$581.0M
营收增速更快
CVCO
高出33.7%
-22.4%
净利率更高
CVCO
高出1.4%
6.2%
自由现金流更多
TPH
多$155.5M
$57.6M
两年增速更快
CVCO
近两年复合增速
1.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $581.0M | $972.6M |
| 净利润 | $44.1M | $60.2M |
| 毛利率 | 23.4% | — |
| 营业利润率 | 9.4% | 8.1% |
| 净利率 | 7.6% | 6.2% |
| 营收同比 | 11.3% | -22.4% |
| 净利润同比 | -22.0% | -53.4% |
| 每股收益（稀释后） | $5.58 | $0.70 |
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CVCOTPH
| Q4 25 | $581.0M | $972.6M | ||
| Q3 25 | $556.5M | $854.7M | ||
| Q2 25 | $556.9M | $902.4M | ||
| Q1 25 | $508.4M | $740.9M | ||
| Q4 24 | $522.0M | $1.3B | ||
| Q3 24 | $507.5M | $1.1B | ||
| Q2 24 | $477.6M | $1.2B | ||
| Q1 24 | $420.1M | $939.4M |
净利润CVCOTPH
| Q4 25 | $44.1M | $60.2M | ||
| Q3 25 | $52.4M | $56.1M | ||
| Q2 25 | $51.6M | $60.7M | ||
| Q1 25 | $36.3M | $64.0M | ||
| Q4 24 | $56.5M | $129.2M | ||
| Q3 24 | $43.8M | $111.8M | ||
| Q2 24 | $34.4M | $118.0M | ||
| Q1 24 | $33.9M | $99.1M |
毛利率CVCOTPH
| Q4 25 | 23.4% | — | ||
| Q3 25 | 24.2% | — | ||
| Q2 25 | 23.3% | — | ||
| Q1 25 | 22.8% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 22.9% | — | ||
| Q2 24 | 21.7% | — | ||
| Q1 24 | 23.6% | — |
营业利润率CVCOTPH
| Q4 25 | 9.4% | 8.1% | ||
| Q3 25 | 11.2% | 8.1% | ||
| Q2 25 | 10.8% | 8.5% | ||
| Q1 25 | 7.6% | 10.4% | ||
| Q4 24 | 12.3% | 13.4% | ||
| Q3 24 | 9.7% | 12.6% | ||
| Q2 24 | 8.1% | 12.9% | ||
| Q1 24 | 8.9% | 12.3% |
净利率CVCOTPH
| Q4 25 | 7.6% | 6.2% | ||
| Q3 25 | 9.4% | 6.6% | ||
| Q2 25 | 9.3% | 6.7% | ||
| Q1 25 | 7.1% | 8.6% | ||
| Q4 24 | 10.8% | 10.3% | ||
| Q3 24 | 8.6% | 9.8% | ||
| Q2 24 | 7.2% | 10.2% | ||
| Q1 24 | 8.1% | 10.5% |
每股收益（稀释后）CVCOTPH
| Q4 25 | $5.58 | $0.70 | ||
| Q3 25 | $6.55 | $0.64 | ||
| Q2 25 | $6.42 | $0.68 | ||
| Q1 25 | $4.42 | $0.70 | ||
| Q4 24 | $6.90 | $1.37 | ||
| Q3 24 | $5.28 | $1.18 | ||
| Q2 24 | $4.11 | $1.25 | ||
| Q1 24 | $4.05 | $1.03 |
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 | $241.9M | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $3.3B |
| 总资产 | $1.5B | $5.0B |
| 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CVCOTPH
| Q4 25 | $241.9M | $982.8M | ||
| Q3 25 | $391.8M | $792.0M | ||
| Q2 25 | $362.4M | $622.6M | ||
| Q1 25 | $376.1M | $812.9M | ||
| Q4 24 | $378.9M | $970.0M | ||
| Q3 24 | $388.7M | $676.0M | ||
| Q2 24 | $380.0M | $492.9M | ||
| Q1 24 | $371.0M | $944.0M |
总债务CVCOTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CVCOTPH
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.1B | $3.3B | ||
| Q2 25 | $1.1B | $3.3B | ||
| Q1 25 | $1.1B | $3.3B | ||
| Q4 24 | $1.1B | $3.3B | ||
| Q3 24 | $1.0B | $3.2B | ||
| Q2 24 | $1.0B | $3.1B | ||
| Q1 24 | $1.0B | $3.0B |
总资产CVCOTPH
| Q4 25 | $1.5B | $5.0B | ||
| Q3 25 | $1.4B | $5.0B | ||
| Q2 25 | $1.4B | $4.8B | ||
| Q1 25 | $1.4B | $4.8B | ||
| Q4 24 | $1.4B | $4.9B | ||
| Q3 24 | $1.4B | $4.8B | ||
| Q2 24 | $1.4B | $4.6B | ||
| Q1 24 | $1.4B | $5.0B |
负债/权益比CVCOTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| 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 | $66.1M | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $57.6M | $213.2M |
| 自由现金流率自由现金流/营收 | 9.9% | 21.9% |
| 资本支出强度资本支出/营收 | 1.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 1.50× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $205.3M | $128.5M |
8季度趋势，按日历期对齐
经营现金流CVCOTPH
| Q4 25 | $66.1M | $221.0M | ||
| Q3 25 | $78.5M | $45.9M | ||
| Q2 25 | $55.5M | $-74.3M | ||
| Q1 25 | $38.6M | $-31.2M | ||
| Q4 24 | $37.8M | $360.3M | ||
| Q3 24 | $54.7M | $167.9M | ||
| Q2 24 | $47.4M | $23.1M | ||
| Q1 24 | — | $144.7M |
自由现金流CVCOTPH
| Q4 25 | $57.6M | $213.2M | ||
| Q3 25 | $68.7M | $39.1M | ||
| Q2 25 | $46.4M | $-84.5M | ||
| Q1 25 | $32.5M | $-39.3M | ||
| Q4 24 | $32.3M | $355.9M | ||
| Q3 24 | $49.8M | $161.5M | ||
| Q2 24 | $42.4M | $17.0M | ||
| Q1 24 | — | $138.3M |
自由现金流率CVCOTPH
| Q4 25 | 9.9% | 21.9% | ||
| Q3 25 | 12.4% | 4.6% | ||
| Q2 25 | 8.3% | -9.4% | ||
| Q1 25 | 6.4% | -5.3% | ||
| Q4 24 | 6.2% | 28.4% | ||
| Q3 24 | 9.8% | 14.1% | ||
| Q2 24 | 8.9% | 1.5% | ||
| Q1 24 | — | 14.7% |
资本支出强度CVCOTPH
| Q4 25 | 1.5% | 0.8% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | 1.6% | 1.1% | ||
| Q1 25 | 1.2% | 1.1% | ||
| Q4 24 | 1.0% | 0.3% | ||
| Q3 24 | 1.0% | 0.6% | ||
| Q2 24 | 1.0% | 0.5% | ||
| Q1 24 | — | 0.7% |
现金转化率CVCOTPH
| Q4 25 | 1.50× | 3.67× | ||
| Q3 25 | 1.50× | 0.82× | ||
| Q2 25 | 1.08× | -1.22× | ||
| Q1 25 | 1.06× | -0.49× | ||
| Q4 24 | 0.67× | 2.79× | ||
| Q3 24 | 1.25× | 1.50× | ||
| Q2 24 | 1.38× | 0.20× | ||
| Q1 24 | — | 1.46× |
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
CVCO
| Manufactured Product Other | $532.5M | 92% |
| Other | $26.0M | 4% |
| Financial Service Other | $20.5M | 4% |
| Insurance Agency Commissions | $2.0M | 0% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
