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Dream Finders Homes, Inc.（DFH）与亨斯迈（HUN）财务数据对比。点击上方公司名可切换其他公司
亨斯迈的季度营收约是Dream Finders Homes, Inc.的1.1倍（$1.4B vs $1.2B），Dream Finders Homes, Inc.净利率更高（4.8% vs -7.1%，领先11.9%），亨斯迈同比增速更快（-6.7% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $19.0M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -4.0%）
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。
亨斯迈公司是总部位于美国得克萨斯州伍德兰兹的全球化化工巨头，面向消费端与工业客户生产、销售各类化工产品，主营聚氨酯、高性能材料及胶粘剂，客户覆盖宝马、通用电气、雪佛龙、宝洁、联合利华等知名品牌。目前公司在全球25个国家设有60余处生产、研发及运营基地，员工约7000人。
DFH vs HUN — 直观对比
营收规模更大
HUN
是对方的1.1倍
$1.2B
营收增速更快
HUN
高出15.6%
-22.3%
净利率更高
DFH
高出11.9%
-7.1%
自由现金流更多
DFH
多$117.0M
$19.0M
两年增速更快
DFH
近两年复合增速
-4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $58.8M | $-96.0M |
| 毛利率 | — | 12.1% |
| 营业利润率 | 6.4% | -4.4% |
| 净利率 | 4.8% | -7.1% |
| 营收同比 | -22.3% | -6.7% |
| 净利润同比 | -54.9% | 31.9% |
| 每股收益（稀释后） | $0.57 | $-0.56 |
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DFHHUN
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $969.8M | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $989.9M | $1.4B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $827.8M | $1.5B |
净利润DFHHUN
| Q4 25 | $58.8M | $-96.0M | ||
| Q3 25 | $47.0M | $-25.0M | ||
| Q2 25 | $56.6M | $-158.0M | ||
| Q1 25 | $54.9M | $-5.0M | ||
| Q4 24 | $130.5M | $-141.0M | ||
| Q3 24 | $70.7M | $-33.0M | ||
| Q2 24 | $80.9M | $22.0M | ||
| Q1 24 | $54.5M | $-37.0M |
毛利率DFHHUN
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | — | 12.5% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | — | 12.9% | ||
| Q3 24 | — | 15.2% | ||
| Q2 24 | 19.2% | 15.4% | ||
| Q1 24 | 18.0% | 13.7% |
营业利润率DFHHUN
| Q4 25 | 6.4% | -4.4% | ||
| Q3 25 | 6.3% | 0.4% | ||
| Q2 25 | 6.4% | -8.2% | ||
| Q1 25 | 7.2% | 3.0% | ||
| Q4 24 | 10.8% | -4.3% | ||
| Q3 24 | 9.2% | 2.7% | ||
| Q2 24 | 10.0% | 2.2% | ||
| Q1 24 | 8.6% | -2.6% |
净利率DFHHUN
| Q4 25 | 4.8% | -7.1% | ||
| Q3 25 | 4.8% | -1.7% | ||
| Q2 25 | 4.9% | -10.8% | ||
| Q1 25 | 5.5% | -0.4% | ||
| Q4 24 | 8.4% | -9.7% | ||
| Q3 24 | 7.0% | -2.1% | ||
| Q2 24 | 7.7% | 1.4% | ||
| Q1 24 | 6.6% | -2.5% |
每股收益（稀释后）DFHHUN
| Q4 25 | $0.57 | $-0.56 | ||
| Q3 25 | $0.47 | $-0.14 | ||
| Q2 25 | $0.56 | $-0.92 | ||
| Q1 25 | $0.54 | $-0.03 | ||
| Q4 24 | $1.28 | $-0.82 | ||
| Q3 24 | $0.70 | $-0.19 | ||
| Q2 24 | $0.81 | $0.13 | ||
| Q1 24 | $0.55 | $-0.22 |
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 | $429.0M |
| 总债务越低越好 | $1.6B | $2.0B |
| 股东权益账面价值 | $1.4B | $2.8B |
| 总资产 | $3.7B | $7.0B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资DFHHUN
| Q4 25 | $234.8M | $429.0M | ||
| Q3 25 | $251.0M | $468.0M | ||
| Q2 25 | $210.3M | $399.0M | ||
| Q1 25 | $297.5M | $334.0M | ||
| Q4 24 | $274.4M | $340.0M | ||
| Q3 24 | $204.9M | $330.0M | ||
| Q2 24 | $274.8M | $335.0M | ||
| Q1 24 | $239.4M | $552.0M |
总债务DFHHUN
| Q4 25 | $1.6B | $2.0B | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $1.3B | $1.8B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $2.1B |
股东权益DFHHUN
| Q4 25 | $1.4B | $2.8B | ||
| Q3 25 | $1.4B | $2.8B | ||
| Q2 25 | $1.3B | $2.8B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.2B | $3.0B | ||
| Q3 24 | $1.1B | $3.1B | ||
| Q2 24 | $1.0B | $3.1B | ||
| Q1 24 | $968.7M | $3.2B |
总资产DFHHUN
| Q4 25 | $3.7B | $7.0B | ||
| Q3 25 | $3.8B | $7.1B | ||
| Q2 25 | $3.7B | $7.1B | ||
| Q1 25 | $3.5B | $7.2B | ||
| Q4 24 | $3.3B | $7.1B | ||
| Q3 24 | $3.3B | $7.3B | ||
| Q2 24 | $3.0B | $7.3B | ||
| Q1 24 | $2.7B | $7.6B |
负债/权益比DFHHUN
| Q4 25 | 1.13× | 0.73× | ||
| Q3 25 | 1.29× | 0.73× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | 1.03× | 0.62× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.65× |
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 | $76.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $19.0M |
| 自由现金流率自由现金流/营收 | 11.2% | 1.4% |
| 资本支出强度资本支出/营收 | 0.6% | 4.2% |
| 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 | $116.0M |
8季度趋势，按日历期对齐
经营现金流DFHHUN
| Q4 25 | $143.6M | $76.0M | ||
| Q3 25 | $-131.0M | $196.0M | ||
| Q2 25 | $-68.5M | $91.0M | ||
| Q1 25 | $-44.7M | $-74.0M | ||
| Q4 24 | $306.5M | $153.0M | ||
| Q3 24 | $-205.0M | $129.0M | ||
| Q2 24 | $-110.6M | $46.0M | ||
| Q1 24 | $-247.5M | $-65.0M |
自由现金流DFHHUN
| Q4 25 | $136.0M | $19.0M | ||
| Q3 25 | $-135.7M | $153.0M | ||
| Q2 25 | $-78.8M | $54.0M | ||
| Q1 25 | $-47.9M | $-110.0M | ||
| Q4 24 | $302.6M | $102.0M | ||
| Q3 24 | $-222.5M | $88.0M | ||
| Q2 24 | $-112.4M | $-4.0M | ||
| Q1 24 | $-249.6M | $-107.0M |
自由现金流率DFHHUN
| Q4 25 | 11.2% | 1.4% | ||
| Q3 25 | -14.0% | 10.5% | ||
| Q2 25 | -6.8% | 3.7% | ||
| Q1 25 | -4.8% | -7.8% | ||
| Q4 24 | 19.4% | 7.0% | ||
| Q3 24 | -22.1% | 5.7% | ||
| Q2 24 | -10.6% | -0.3% | ||
| Q1 24 | -30.2% | -7.3% |
资本支出强度DFHHUN
| Q4 25 | 0.6% | 4.2% | ||
| Q3 25 | 0.5% | 2.9% | ||
| Q2 25 | 0.9% | 2.5% | ||
| Q1 25 | 0.3% | 2.6% | ||
| Q4 24 | 0.3% | 3.5% | ||
| Q3 24 | 1.7% | 2.7% | ||
| Q2 24 | 0.2% | 3.2% | ||
| Q1 24 | 0.3% | 2.9% |
现金转化率DFHHUN
| Q4 25 | 2.44× | — | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | -1.21× | — | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | — | ||
| Q2 24 | -1.37× | 2.09× | ||
| Q1 24 | -4.54× | — |
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% |
HUN
| Diversified | $897.0M | 66% |
| Specialty | $231.0M | 17% |
| Performance Products | $113.0M | 8% |
| Advanced Materials | $61.0M | 5% |
| Related Party Customers | $19.0M | 1% |
| Other | $12.0M | 1% |
