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Dream Finders Homes, Inc.（DFH）与EPAM Systems（EPAM）财务数据对比。点击上方公司名可切换其他公司
EPAM Systems的季度营收约是Dream Finders Homes, Inc.的1.2倍（$1.4B vs $1.2B），EPAM Systems净利率更高（5.9% vs 4.8%，领先1.0%），EPAM Systems同比增速更快（7.6% vs -22.3%），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 10.5%）
美国住宅建筑商Dream Finders Homes主要建造并销售独栋住宅、联排别墅等覆盖入门级到高端档次的居住物业，业务布局美国多个高速增长区域，同时为购房者提供按揭融资、产权保险、房屋保修等配套服务，覆盖各类客户群体。
EPAM Systems是总部位于美国宾夕法尼亚州纽敦的企业，核心业务涵盖软件工程服务、数字平台研发、数字产品设计三大板块，同时是MACH联盟的创始成员，在全球数字化服务赛道拥有深厚的技术积累与行业认可度。
DFH vs EPAM — 直观对比
营收规模更大
EPAM
是对方的1.2倍
$1.2B
营收增速更快
EPAM
高出29.8%
-22.3%
净利率更高
EPAM
高出1.0%
4.8%
两年增速更快
DFH
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $58.8M | $82.5M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 8.3% |
| 净利率 | 4.8% | 5.9% |
| 营收同比 | -22.3% | 7.6% |
| 净利润同比 | -54.9% | 12.3% |
| 每股收益（稀释后） | $0.57 | $1.52 |
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DFHEPAM
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $969.8M | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $989.9M | $1.3B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.0B | $1.2B | ||
| Q2 24 | $1.1B | $1.1B |
净利润DFHEPAM
| Q1 26 | — | $82.5M | ||
| Q4 25 | $58.8M | $109.4M | ||
| Q3 25 | $47.0M | $106.8M | ||
| Q2 25 | $56.6M | $88.0M | ||
| Q1 25 | $54.9M | $73.5M | ||
| Q4 24 | $130.5M | $103.3M | ||
| Q3 24 | $70.7M | $136.3M | ||
| Q2 24 | $80.9M | $98.6M |
毛利率DFHEPAM
| Q1 26 | — | — | ||
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 29.5% | ||
| Q2 25 | — | 28.8% | ||
| Q1 25 | — | 26.9% | ||
| Q4 24 | — | 30.4% | ||
| Q3 24 | — | 34.6% | ||
| Q2 24 | 19.2% | 29.3% |
营业利润率DFHEPAM
| Q1 26 | — | 8.3% | ||
| Q4 25 | 6.4% | 10.6% | ||
| Q3 25 | 6.3% | 10.4% | ||
| Q2 25 | 6.4% | 9.3% | ||
| Q1 25 | 7.2% | 7.6% | ||
| Q4 24 | 10.8% | 10.9% | ||
| Q3 24 | 9.2% | 15.2% | ||
| Q2 24 | 10.0% | 10.5% |
净利率DFHEPAM
| Q1 26 | — | 5.9% | ||
| Q4 25 | 4.8% | 7.8% | ||
| Q3 25 | 4.8% | 7.7% | ||
| Q2 25 | 4.9% | 6.5% | ||
| Q1 25 | 5.5% | 5.6% | ||
| Q4 24 | 8.4% | 8.3% | ||
| Q3 24 | 7.0% | 11.7% | ||
| Q2 24 | 7.7% | 8.6% |
每股收益（稀释后）DFHEPAM
| Q1 26 | — | $1.52 | ||
| Q4 25 | $0.57 | $1.97 | ||
| Q3 25 | $0.47 | $1.91 | ||
| Q2 25 | $0.56 | $1.56 | ||
| Q1 25 | $0.54 | $1.28 | ||
| Q4 24 | $1.28 | $1.80 | ||
| Q3 24 | $0.70 | $2.37 | ||
| Q2 24 | $0.81 | $1.70 |
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 | $234.8M | $1.0B |
| 总债务越低越好 | $1.6B | $165.0M |
| 股东权益账面价值 | $1.4B | $3.4B |
| 总资产 | $3.7B | $4.7B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资DFHEPAM
| Q1 26 | — | $1.0B | ||
| Q4 25 | $234.8M | $1.3B | ||
| Q3 25 | $251.0M | $1.2B | ||
| Q2 25 | $210.3M | $1.0B | ||
| Q1 25 | $297.5M | $1.2B | ||
| Q4 24 | $274.4M | $1.3B | ||
| Q3 24 | $204.9M | $2.1B | ||
| Q2 24 | $274.8M | $1.8B |
总债务DFHEPAM
| Q1 26 | — | $165.0M | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DFHEPAM
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.4B | $3.7B | ||
| Q3 25 | $1.4B | $3.7B | ||
| Q2 25 | $1.3B | $3.7B | ||
| Q1 25 | $1.3B | $3.6B | ||
| Q4 24 | $1.2B | $3.6B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | $1.0B | $3.4B |
总资产DFHEPAM
| Q1 26 | — | $4.7B | ||
| Q4 25 | $3.7B | $4.9B | ||
| Q3 25 | $3.8B | $4.8B | ||
| Q2 25 | $3.7B | $4.7B | ||
| Q1 25 | $3.5B | $4.7B | ||
| Q4 24 | $3.3B | $4.8B | ||
| Q3 24 | $3.3B | $4.5B | ||
| Q2 24 | $3.0B | $4.2B |
负债/权益比DFHEPAM
| Q1 26 | — | 0.05× | ||
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $143.6M | — |
| 自由现金流经营现金流 - 资本支出 | $136.0M | — |
| 自由现金流率自由现金流/营收 | 11.2% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 现金转化率经营现金流/净利润 | 2.44× | — |
| 过去12个月自由现金流最近4个季度 | $-126.4M | — |
8季度趋势，按日历期对齐
经营现金流DFHEPAM
| Q1 26 | — | — | ||
| Q4 25 | $143.6M | $282.9M | ||
| Q3 25 | $-131.0M | $294.7M | ||
| Q2 25 | $-68.5M | $53.2M | ||
| Q1 25 | $-44.7M | $24.2M | ||
| Q4 24 | $306.5M | $130.3M | ||
| Q3 24 | $-205.0M | $242.0M | ||
| Q2 24 | $-110.6M | $57.0M |
自由现金流DFHEPAM
| Q1 26 | — | — | ||
| Q4 25 | $136.0M | $268.1M | ||
| Q3 25 | $-135.7M | $286.4M | ||
| Q2 25 | $-78.8M | $43.4M | ||
| Q1 25 | $-47.9M | $14.8M | ||
| Q4 24 | $302.6M | $114.5M | ||
| Q3 24 | $-222.5M | $237.0M | ||
| Q2 24 | $-112.4M | $52.3M |
自由现金流率DFHEPAM
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 19.0% | ||
| Q3 25 | -14.0% | 20.5% | ||
| Q2 25 | -6.8% | 3.2% | ||
| Q1 25 | -4.8% | 1.1% | ||
| Q4 24 | 19.4% | 9.2% | ||
| Q3 24 | -22.1% | 20.3% | ||
| Q2 24 | -10.6% | 4.6% |
资本支出强度DFHEPAM
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 1.1% | ||
| Q3 25 | 0.5% | 0.6% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 0.3% | 0.7% | ||
| Q4 24 | 0.3% | 1.3% | ||
| Q3 24 | 1.7% | 0.4% | ||
| Q2 24 | 0.2% | 0.4% |
现金转化率DFHEPAM
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 2.59× | ||
| Q3 25 | -2.79× | 2.76× | ||
| Q2 25 | -1.21× | 0.60× | ||
| Q1 25 | -0.81× | 0.33× | ||
| Q4 24 | 2.35× | 1.26× | ||
| Q3 24 | -2.90× | 1.77× | ||
| Q2 24 | -1.37× | 0.58× |
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
DFH
| Midwest Segment | $454.2M | 37% |
| Southeast Segment | $397.5M | 33% |
| Mid Atlantic Segment | $307.3M | 25% |
| Financial Services Segment | $53.7M | 4% |
EPAM
暂无分部数据
