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Dream Finders Homes, Inc.（DFH）与Globe Life（GL）财务数据对比。点击上方公司名可切换其他公司
Globe Life的季度营收约是Dream Finders Homes, Inc.的1.3倍（$1.6B vs $1.2B），Globe Life净利率更高（17.3% vs 4.8%，领先12.5%），Globe Life同比增速更快（5.3% vs -22.3%），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 4.1%）
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。
Globe Life Inc.（股票代码：GL）是总部位于美国得克萨斯州麦金尼的金融服务控股公司，在纽约证券交易所上市，通过旗下全资子公司开展业务，主营人寿保险、年金产品及补充健康保险产品。
DFH vs GL — 直观对比
营收规模更大
GL
是对方的1.3倍
$1.2B
营收增速更快
GL
高出27.6%
-22.3%
净利率更高
GL
高出12.5%
4.8%
两年增速更快
DFH
近两年复合增速
4.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.6B |
| 净利润 | $58.8M | $270.5M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | — |
| 净利率 | 4.8% | 17.3% |
| 营收同比 | -22.3% | 5.3% |
| 净利润同比 | -54.9% | 6.3% |
| 每股收益（稀释后） | $0.57 | $3.39 |
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DFHGL
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $969.8M | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $989.9M | $1.5B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.1B | $1.4B |
净利润DFHGL
| Q1 26 | — | $270.5M | ||
| Q4 25 | $58.8M | $266.1M | ||
| Q3 25 | $47.0M | $387.8M | ||
| Q2 25 | $56.6M | $252.7M | ||
| Q1 25 | $54.9M | $254.6M | ||
| Q4 24 | $130.5M | $255.2M | ||
| Q3 24 | $70.7M | $303.0M | ||
| Q2 24 | $80.9M | $258.4M |
毛利率DFHGL
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 26.1% | ||
| Q2 24 | 19.2% | 23.3% |
营业利润率DFHGL
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 21.7% | ||
| Q3 25 | 6.3% | 31.5% | ||
| Q2 25 | 6.4% | 21.2% | ||
| Q1 25 | 7.2% | 21.4% | ||
| Q4 24 | 10.8% | 21.3% | ||
| Q3 24 | 9.2% | 26.3% | ||
| Q2 24 | 10.0% | 23.5% |
净利率DFHGL
| Q1 26 | — | 17.3% | ||
| Q4 25 | 4.8% | 17.5% | ||
| Q3 25 | 4.8% | 25.6% | ||
| Q2 25 | 4.9% | 17.1% | ||
| Q1 25 | 5.5% | 17.2% | ||
| Q4 24 | 8.4% | 17.4% | ||
| Q3 24 | 7.0% | 20.8% | ||
| Q2 24 | 7.7% | 17.9% |
每股收益（稀释后）DFHGL
| Q1 26 | — | $3.39 | ||
| Q4 25 | $0.57 | $3.28 | ||
| Q3 25 | $0.47 | $4.73 | ||
| Q2 25 | $0.56 | $3.05 | ||
| Q1 25 | $0.54 | $3.01 | ||
| Q4 24 | $1.28 | $3.00 | ||
| Q3 24 | $0.70 | $3.44 | ||
| Q2 24 | $0.81 | $2.83 |
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 | $183.8M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $6.1B |
| 总资产 | $3.7B | — |
| 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DFHGL
| Q1 26 | — | $183.8M | ||
| Q4 25 | $234.8M | $314.7M | ||
| Q3 25 | $251.0M | $62.8M | ||
| Q2 25 | $210.3M | $116.7M | ||
| Q1 25 | $297.5M | $134.1M | ||
| Q4 24 | $274.4M | $85.0M | ||
| Q3 24 | $204.9M | $100.5M | ||
| Q2 24 | $274.8M | $100.6M |
总债务DFHGL
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DFHGL
| Q1 26 | — | $6.1B | ||
| Q4 25 | $1.4B | $6.0B | ||
| Q3 25 | $1.4B | $5.7B | ||
| Q2 25 | $1.3B | $5.4B | ||
| Q1 25 | $1.3B | $5.4B | ||
| Q4 24 | $1.2B | $5.3B | ||
| Q3 24 | $1.1B | $4.6B | ||
| Q2 24 | $1.0B | $5.2B |
总资产DFHGL
| Q1 26 | — | — | ||
| Q4 25 | $3.7B | $30.8B | ||
| Q3 25 | $3.8B | $30.5B | ||
| Q2 25 | $3.7B | $29.8B | ||
| Q1 25 | $3.5B | $29.7B | ||
| Q4 24 | $3.3B | $29.1B | ||
| Q3 24 | $3.3B | $29.6B | ||
| Q2 24 | $3.0B | $28.3B |
负债/权益比DFHGL
| Q1 26 | — | — | ||
| 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DFHGL
| Q1 26 | — | — | ||
| Q4 25 | $143.6M | $350.6M | ||
| Q3 25 | $-131.0M | $306.0M | ||
| Q2 25 | $-68.5M | $307.9M | ||
| Q1 25 | $-44.7M | $431.9M | ||
| Q4 24 | $306.5M | $336.9M | ||
| Q3 24 | $-205.0M | $340.6M | ||
| Q2 24 | $-110.6M | $374.1M |
自由现金流DFHGL
| Q1 26 | — | — | ||
| Q4 25 | $136.0M | $330.1M | ||
| Q3 25 | $-135.7M | $208.7M | ||
| Q2 25 | $-78.8M | $295.0M | ||
| Q1 25 | $-47.9M | $420.1M | ||
| Q4 24 | $302.6M | $321.9M | ||
| Q3 24 | $-222.5M | $311.3M | ||
| Q2 24 | $-112.4M | $356.5M |
自由现金流率DFHGL
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 21.7% | ||
| Q3 25 | -14.0% | 13.8% | ||
| Q2 25 | -6.8% | 19.9% | ||
| Q1 25 | -4.8% | 28.4% | ||
| Q4 24 | 19.4% | 22.0% | ||
| Q3 24 | -22.1% | 21.4% | ||
| Q2 24 | -10.6% | 24.8% |
资本支出强度DFHGL
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 1.3% | ||
| Q3 25 | 0.5% | 6.4% | ||
| Q2 25 | 0.9% | 0.9% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 0.3% | 1.0% | ||
| Q3 24 | 1.7% | 2.0% | ||
| Q2 24 | 0.2% | 1.2% |
现金转化率DFHGL
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 1.32× | ||
| Q3 25 | -2.79× | 0.79× | ||
| Q2 25 | -1.21× | 1.22× | ||
| Q1 25 | -0.81× | 1.70× | ||
| Q4 24 | 2.35× | 1.32× | ||
| Q3 24 | -2.90× | 1.12× | ||
| Q2 24 | -1.37× | 1.45× |
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% |
GL
| Life premium | $853.2M | 55% |
| Health premium | $416.9M | 27% |
| Other | $289.5M | 19% |
