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Dream Finders Homes, Inc.（DFH）与FIVE BELOW, INC（FIVE）财务数据对比。点击上方公司名可切换其他公司
Dream Finders Homes, Inc.的季度营收约是FIVE BELOW, INC的1.2倍（$1.2B vs $1.0B），Dream Finders Homes, Inc.净利率更高（4.8% vs 3.5%，领先1.3%），FIVE BELOW, INC同比增速更快（23.1% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $-133.2M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -11.9%）
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。
Five Below是美国特色折扣礼品连锁品牌，2002年成立，总部位于宾夕法尼亚州费城，主要面向青少年消费群体，旗下绝大多数商品定价不超过5美元，另有少量精选商品最高定价40美元，目前在全美拥有超过1850家线下门店。
DFH vs FIVE — 直观对比
营收规模更大
DFH
是对方的1.2倍
$1.0B
营收增速更快
FIVE
高出45.3%
-22.3%
净利率更高
DFH
高出1.3%
3.5%
自由现金流更多
DFH
多$269.2M
$-133.2M
两年增速更快
DFH
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $58.8M | $36.5M |
| 毛利率 | — | 33.8% |
| 营业利润率 | 6.4% | 4.2% |
| 净利率 | 4.8% | 3.5% |
| 营收同比 | -22.3% | 23.1% |
| 净利润同比 | -54.9% | 2063.9% |
| 每股收益（稀释后） | $0.57 | $0.66 |
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DFHFIVE
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $969.8M | $1.0B | ||
| Q2 25 | $1.2B | $970.5M | ||
| Q1 25 | $989.9M | $1.4B | ||
| Q4 24 | $1.6B | $843.7M | ||
| Q3 24 | $1.0B | $830.1M | ||
| Q2 24 | $1.1B | $811.9M | ||
| Q1 24 | $827.8M | $1.3B |
净利润DFHFIVE
| Q4 25 | $58.8M | $36.5M | ||
| Q3 25 | $47.0M | $42.8M | ||
| Q2 25 | $56.6M | $41.1M | ||
| Q1 25 | $54.9M | $187.5M | ||
| Q4 24 | $130.5M | $1.7M | ||
| Q3 24 | $70.7M | $33.0M | ||
| Q2 24 | $80.9M | $31.5M | ||
| Q1 24 | $54.5M | $202.2M |
毛利率DFHFIVE
| Q4 25 | — | 33.8% | ||
| Q3 25 | — | 33.3% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 30.6% | ||
| Q3 24 | — | 32.7% | ||
| Q2 24 | 19.2% | 32.5% | ||
| Q1 24 | 18.0% | 41.2% |
营业利润率DFHFIVE
| Q4 25 | 6.4% | 4.2% | ||
| Q3 25 | 6.3% | 5.1% | ||
| Q2 25 | 6.4% | 5.2% | ||
| Q1 25 | 7.2% | 17.7% | ||
| Q4 24 | 10.8% | -0.1% | ||
| Q3 24 | 9.2% | 5.0% | ||
| Q2 24 | 10.0% | 4.5% | ||
| Q1 24 | 8.6% | 20.1% |
净利率DFHFIVE
| Q4 25 | 4.8% | 3.5% | ||
| Q3 25 | 4.8% | 4.2% | ||
| Q2 25 | 4.9% | 4.2% | ||
| Q1 25 | 5.5% | 13.5% | ||
| Q4 24 | 8.4% | 0.2% | ||
| Q3 24 | 7.0% | 4.0% | ||
| Q2 24 | 7.7% | 3.9% | ||
| Q1 24 | 6.6% | 15.1% |
每股收益（稀释后）DFHFIVE
| Q4 25 | $0.57 | $0.66 | ||
| Q3 25 | $0.47 | $0.77 | ||
| Q2 25 | $0.56 | $0.75 | ||
| Q1 25 | $0.54 | $3.40 | ||
| Q4 24 | $1.28 | $0.03 | ||
| Q3 24 | $0.70 | $0.60 | ||
| Q2 24 | $0.81 | $0.57 | ||
| Q1 24 | $0.55 | $3.64 |
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 | $524.5M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $2.0B |
| 总资产 | $3.7B | $4.8B |
| 负债/权益比越低杠杆越低 | 1.13× | — |
8季度趋势，按日历期对齐
现金及短期投资DFHFIVE
| Q4 25 | $234.8M | $524.5M | ||
| Q3 25 | $251.0M | $670.2M | ||
| Q2 25 | $210.3M | $624.0M | ||
| Q1 25 | $297.5M | $528.8M | ||
| Q4 24 | $274.4M | $216.6M | ||
| Q3 24 | $204.9M | $327.7M | ||
| Q2 24 | $274.8M | $369.6M | ||
| Q1 24 | $239.4M | $460.1M |
总债务DFHFIVE
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFHFIVE
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.3B | $1.8B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.6B | ||
| Q1 24 | $968.7M | $1.6B |
总资产DFHFIVE
| Q4 25 | $3.7B | $4.8B | ||
| Q3 25 | $3.8B | $4.6B | ||
| Q2 25 | $3.7B | $4.5B | ||
| Q1 25 | $3.5B | $4.3B | ||
| Q4 24 | $3.3B | $4.2B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.0B | $3.9B | ||
| Q1 24 | $2.7B | $3.9B |
负债/权益比DFHFIVE
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | — | ||
| 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 | $143.6M | $-80.1M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $-133.2M |
| 自由现金流率自由现金流/营收 | 11.2% | -12.8% |
| 资本支出强度资本支出/营收 | 0.6% | 5.1% |
| 现金转化率经营现金流/净利润 | 2.44× | -2.19× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $323.0M |
8季度趋势，按日历期对齐
经营现金流DFHFIVE
| Q4 25 | $143.6M | $-80.1M | ||
| Q3 25 | $-131.0M | $93.0M | ||
| Q2 25 | $-68.5M | $132.7M | ||
| Q1 25 | $-44.7M | $363.5M | ||
| Q4 24 | $306.5M | $-30.6M | ||
| Q3 24 | $-205.0M | $71.3M | ||
| Q2 24 | $-110.6M | $26.4M | ||
| Q1 24 | $-247.5M | $407.7M |
自由现金流DFHFIVE
| Q4 25 | $136.0M | $-133.2M | ||
| Q3 25 | $-135.7M | $48.3M | ||
| Q2 25 | $-78.8M | $96.5M | ||
| Q1 25 | $-47.9M | $311.4M | ||
| Q4 24 | $302.6M | $-111.0M | ||
| Q3 24 | $-222.5M | $-32.4M | ||
| Q2 24 | $-112.4M | $-61.4M | ||
| Q1 24 | $-249.6M | $304.6M |
自由现金流率DFHFIVE
| Q4 25 | 11.2% | -12.8% | ||
| Q3 25 | -14.0% | 4.7% | ||
| Q2 25 | -6.8% | 9.9% | ||
| Q1 25 | -4.8% | 22.4% | ||
| Q4 24 | 19.4% | -13.2% | ||
| Q3 24 | -22.1% | -3.9% | ||
| Q2 24 | -10.6% | -7.6% | ||
| Q1 24 | -30.2% | 22.8% |
资本支出强度DFHFIVE
| Q4 25 | 0.6% | 5.1% | ||
| Q3 25 | 0.5% | 4.4% | ||
| Q2 25 | 0.9% | 3.7% | ||
| Q1 25 | 0.3% | 3.7% | ||
| Q4 24 | 0.3% | 9.5% | ||
| Q3 24 | 1.7% | 12.5% | ||
| Q2 24 | 0.2% | 10.8% | ||
| Q1 24 | 0.3% | 7.7% |
现金转化率DFHFIVE
| Q4 25 | 2.44× | -2.19× | ||
| Q3 25 | -2.79× | 2.17× | ||
| Q2 25 | -1.21× | 3.22× | ||
| Q1 25 | -0.81× | 1.94× | ||
| Q4 24 | 2.35× | -18.13× | ||
| Q3 24 | -2.90× | 2.16× | ||
| Q2 24 | -1.37× | 0.84× | ||
| Q1 24 | -4.54× | 2.02× |
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% |
FIVE
暂无分部数据
