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Dream Finders Homes, Inc.（DFH）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
格罗方德的季度营收约是Dream Finders Homes, Inc.的1.4倍（$1.7B vs $1.2B），格罗方德净利率更高（14.8% vs 4.8%，领先9.9%），格罗方德同比增速更快（-2.9% vs -22.3%），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
DFH vs GFS — 直观对比
营收规模更大
GFS
是对方的1.4倍
$1.2B
营收增速更快
GFS
高出19.3%
-22.3%
净利率更高
GFS
高出9.9%
4.8%
两年增速更快
DFH
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.7B |
| 净利润 | $58.8M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | 6.4% | 11.6% |
| 净利率 | 4.8% | 14.8% |
| 营收同比 | -22.3% | -2.9% |
| 净利润同比 | -54.9% | 39.9% |
| 每股收益（稀释后） | $0.57 | $0.44 |
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DFHGFS
| Q4 25 | $1.2B | — | ||
| Q3 25 | $969.8M | $1.7B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $989.9M | $1.6B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.0B | $1.7B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $827.8M | $1.5B |
净利润DFHGFS
| Q4 25 | $58.8M | — | ||
| Q3 25 | $47.0M | $249.0M | ||
| Q2 25 | $56.6M | $228.0M | ||
| Q1 25 | $54.9M | $211.0M | ||
| Q4 24 | $130.5M | — | ||
| Q3 24 | $70.7M | $178.0M | ||
| Q2 24 | $80.9M | $155.0M | ||
| Q1 24 | $54.5M | $134.0M |
毛利率DFHGFS
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | 19.2% | 24.2% | ||
| Q1 24 | 18.0% | 25.4% |
营业利润率DFHGFS
| Q4 25 | 6.4% | — | ||
| Q3 25 | 6.3% | 11.6% | ||
| Q2 25 | 6.4% | 11.6% | ||
| Q1 25 | 7.2% | 9.5% | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 9.2% | 10.6% | ||
| Q2 24 | 10.0% | 9.5% | ||
| Q1 24 | 8.6% | 9.5% |
净利率DFHGFS
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.8% | 14.8% | ||
| Q2 25 | 4.9% | 13.5% | ||
| Q1 25 | 5.5% | 13.3% | ||
| Q4 24 | 8.4% | — | ||
| Q3 24 | 7.0% | 10.2% | ||
| Q2 24 | 7.7% | 9.5% | ||
| Q1 24 | 6.6% | 8.7% |
每股收益（稀释后）DFHGFS
| Q4 25 | $0.57 | — | ||
| Q3 25 | $0.47 | $0.44 | ||
| Q2 25 | $0.56 | $0.41 | ||
| Q1 25 | $0.54 | $0.38 | ||
| Q4 24 | $1.28 | — | ||
| Q3 24 | $0.70 | $0.32 | ||
| Q2 24 | $0.81 | $0.28 | ||
| Q1 24 | $0.55 | $0.24 |
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 | $2.0B |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $11.8B |
| 总资产 | $3.7B | $16.7B |
| 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DFHGFS
| Q4 25 | $234.8M | — | ||
| Q3 25 | $251.0M | $2.0B | ||
| Q2 25 | $210.3M | $1.8B | ||
| Q1 25 | $297.5M | $1.6B | ||
| Q4 24 | $274.4M | — | ||
| Q3 24 | $204.9M | $2.3B | ||
| Q2 24 | $274.8M | $2.2B | ||
| Q1 24 | $239.4M | $2.2B |
总债务DFHGFS
| 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DFHGFS
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $11.8B | ||
| Q2 25 | $1.3B | $11.5B | ||
| Q1 25 | $1.3B | $11.1B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $11.6B | ||
| Q2 24 | $1.0B | $11.3B | ||
| Q1 24 | $968.7M | $11.3B |
总资产DFHGFS
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | $16.7B | ||
| Q2 25 | $3.7B | $16.8B | ||
| Q1 25 | $3.5B | $16.5B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $18.1B | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.7B | — |
负债/权益比DFHGFS
| 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 | $595.0M |
| 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× | 2.39× |
| 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DFHGFS
| Q4 25 | $143.6M | — | ||
| Q3 25 | $-131.0M | $595.0M | ||
| Q2 25 | $-68.5M | $431.0M | ||
| Q1 25 | $-44.7M | $331.0M | ||
| Q4 24 | $306.5M | — | ||
| Q3 24 | $-205.0M | $375.0M | ||
| Q2 24 | $-110.6M | $402.0M | ||
| Q1 24 | $-247.5M | $488.0M |
自由现金流DFHGFS
| Q4 25 | $136.0M | — | ||
| Q3 25 | $-135.7M | — | ||
| Q2 25 | $-78.8M | — | ||
| Q1 25 | $-47.9M | — | ||
| Q4 24 | $302.6M | — | ||
| Q3 24 | $-222.5M | — | ||
| Q2 24 | $-112.4M | — | ||
| Q1 24 | $-249.6M | — |
自由现金流率DFHGFS
| Q4 25 | 11.2% | — | ||
| Q3 25 | -14.0% | — | ||
| Q2 25 | -6.8% | — | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | -22.1% | — | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | -30.2% | — |
资本支出强度DFHGFS
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
现金转化率DFHGFS
| Q4 25 | 2.44× | — | ||
| Q3 25 | -2.79× | 2.39× | ||
| Q2 25 | -1.21× | 1.89× | ||
| Q1 25 | -0.81× | 1.57× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | 2.11× | ||
| Q2 24 | -1.37× | 2.59× | ||
| Q1 24 | -4.54× | 3.64× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
