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Designer Brands Inc.（DBI）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Designer Brands Inc.的1.8倍（$1.4B vs $752.4M），Taylor Morrison Home Corp净利率更高（7.1% vs 2.4%，领先4.7%），Designer Brands Inc.同比增速更快（-3.2% vs -26.8%），过去两年Designer Brands Inc.的营收复合增速更高（-0.1% vs -16.5%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
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。
DBI vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.8倍
$752.4M
营收增速更快
DBI
高出23.7%
-26.8%
净利率更高
TMHC
高出4.7%
2.4%
两年增速更快
DBI
近两年复合增速
-16.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.4B |
| 净利润 | $18.2M | $98.6M |
| 毛利率 | 45.1% | 21.0% |
| 营业利润率 | 5.7% | — |
| 净利率 | 2.4% | 7.1% |
| 营收同比 | -3.2% | -26.8% |
| 净利润同比 | 40.0% | -53.8% |
| 每股收益（稀释后） | $0.35 | $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DBITMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $752.4M | $2.1B | ||
| Q3 25 | $739.8M | $2.1B | ||
| Q2 25 | $686.9M | $2.0B | ||
| Q1 25 | $713.6M | $1.9B | ||
| Q4 24 | $777.2M | $2.4B | ||
| Q3 24 | $771.9M | $2.1B | ||
| Q2 24 | $746.6M | $2.0B |
净利润DBITMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $18.2M | $174.0M | ||
| Q3 25 | $10.8M | $201.4M | ||
| Q2 25 | $-17.4M | $193.6M | ||
| Q1 25 | $-38.2M | $213.5M | ||
| Q4 24 | $13.0M | $242.5M | ||
| Q3 24 | $13.8M | $251.1M | ||
| Q2 24 | $783.0K | $199.5M |
毛利率DBITMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 45.1% | 22.0% | ||
| Q3 25 | 43.7% | 22.7% | ||
| Q2 25 | 43.0% | 23.0% | ||
| Q1 25 | 75.7% | 24.4% | ||
| Q4 24 | 43.0% | 23.9% | ||
| Q3 24 | 44.0% | 25.0% | ||
| Q2 24 | 44.2% | 23.7% |
营业利润率DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | 5.7% | — | ||
| Q3 25 | 3.6% | — | ||
| Q2 25 | -1.1% | — | ||
| Q1 25 | -3.6% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 1.3% | — |
净利率DBITMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 2.4% | 8.3% | ||
| Q3 25 | 1.5% | 9.6% | ||
| Q2 25 | -2.5% | 9.5% | ||
| Q1 25 | -5.3% | 11.3% | ||
| Q4 24 | 1.7% | 10.3% | ||
| Q3 24 | 1.8% | 11.8% | ||
| Q2 24 | 0.1% | 10.0% |
每股收益（稀释后）DBITMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $0.35 | $1.77 | ||
| Q3 25 | $0.22 | $2.01 | ||
| Q2 25 | $-0.36 | $1.92 | ||
| Q1 25 | $-0.69 | $2.07 | ||
| Q4 24 | $0.24 | $2.29 | ||
| Q3 24 | $0.24 | $2.37 | ||
| Q2 24 | $0.01 | $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 | $51.4M | $652.9M |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $6.2B |
| 总资产 | $2.1B | $9.8B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBITMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $51.4M | $850.0M | ||
| Q3 25 | $44.9M | $370.6M | ||
| Q2 25 | $46.0M | $130.2M | ||
| Q1 25 | $44.8M | $377.8M | ||
| Q4 24 | $36.2M | $487.2M | ||
| Q3 24 | $38.8M | $256.4M | ||
| Q2 24 | $43.4M | $246.8M |
总债务DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | $463.1M | $2.3B | ||
| Q3 25 | $509.6M | $2.2B | ||
| Q2 25 | $516.2M | $2.1B | ||
| Q1 25 | $484.3M | $2.1B | ||
| Q4 24 | $529.6M | $2.1B | ||
| Q3 24 | $459.0M | $2.1B | ||
| Q2 24 | $469.3M | $2.2B |
股东权益DBITMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $298.6M | $6.3B | ||
| Q3 25 | $280.8M | $6.2B | ||
| Q2 25 | $266.9M | $6.1B | ||
| Q1 25 | $278.5M | $6.0B | ||
| Q4 24 | $318.5M | $5.9B | ||
| Q3 24 | $355.5M | $5.7B | ||
| Q2 24 | $358.5M | $5.5B |
总资产DBITMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $2.1B | $9.8B | ||
| Q3 25 | $2.1B | $9.6B | ||
| Q2 25 | $2.1B | $9.5B | ||
| Q1 25 | $2.0B | $9.4B | ||
| Q4 24 | $2.1B | $9.3B | ||
| Q3 24 | $2.1B | $9.3B | ||
| Q2 24 | $2.2B | $9.1B |
负债/权益比DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.55× | 0.36× | ||
| Q3 25 | 1.81× | 0.35× | ||
| Q2 25 | 1.93× | 0.35× | ||
| Q1 25 | 1.74× | 0.35× | ||
| Q4 24 | 1.66× | 0.36× | ||
| Q3 24 | 1.29× | 0.37× | ||
| Q2 24 | 1.31× | 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 | $66.5M | — |
| 自由现金流经营现金流 - 资本支出 | $57.5M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 1.2% | — |
| 现金转化率经营现金流/净利润 | 3.65× | — |
| 过去12个月自由现金流最近4个季度 | $99.9M | — |
8季度趋势，按日历期对齐
经营现金流DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | $66.5M | $646.4M | ||
| Q3 25 | $21.4M | $219.6M | ||
| Q2 25 | $-20.4M | $-126.0M | ||
| Q1 25 | $70.1M | $77.2M | ||
| Q4 24 | $-9.8M | $438.2M | ||
| Q3 24 | $41.6M | $135.9M | ||
| Q2 24 | $-19.7M | $-233.3M |
自由现金流DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | $57.5M | $635.3M | ||
| Q3 25 | $11.9M | $206.6M | ||
| Q2 25 | $-27.6M | $-133.6M | ||
| Q1 25 | $58.1M | $68.7M | ||
| Q4 24 | $-19.2M | $428.2M | ||
| Q3 24 | $28.0M | $127.1M | ||
| Q2 24 | $-35.6M | $-241.7M |
自由现金流率DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 30.3% | ||
| Q3 25 | 1.6% | 9.9% | ||
| Q2 25 | -4.0% | -6.6% | ||
| Q1 25 | 8.1% | 3.6% | ||
| Q4 24 | -2.5% | 18.2% | ||
| Q3 24 | 3.6% | 6.0% | ||
| Q2 24 | -4.8% | -12.1% |
资本支出强度DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.5% | ||
| Q3 25 | 1.3% | 0.6% | ||
| Q2 25 | 1.1% | 0.4% | ||
| Q1 25 | 1.7% | 0.4% | ||
| Q4 24 | 1.2% | 0.4% | ||
| Q3 24 | 1.8% | 0.4% | ||
| Q2 24 | 2.1% | 0.4% |
现金转化率DBITMHC
| Q1 26 | — | — | ||
| Q4 25 | 3.65× | 3.71× | ||
| Q3 25 | 1.98× | 1.09× | ||
| Q2 25 | — | -0.65× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | -0.75× | 1.81× | ||
| Q3 24 | 3.01× | 0.54× | ||
| Q2 24 | -25.13× | -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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
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% |
