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Dream Finders Homes, Inc.（DFH）与KeyCorp（KEY）财务数据对比。点击上方公司名可切换其他公司
KeyCorp的季度营收约是Dream Finders Homes, Inc.的1.6倍（$1.9B vs $1.2B），KeyCorp净利率更高（26.8% vs 4.8%，领先22.0%），KeyCorp同比增速更快（10.2% vs -22.3%），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 12.9%）
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。
Key是日本知名视觉小说工作室，1998年7月21日作为发行商Visual Arts旗下品牌成立，总部位于大阪市北区。工作室主打剧情向作品，擅长创作情感饱满、情节跌宕的戏剧类内容，旗下多款作品深受全球ACG爱好者喜爱。
DFH vs KEY — 直观对比
营收规模更大
KEY
是对方的1.6倍
$1.2B
营收增速更快
KEY
高出32.4%
-22.3%
净利率更高
KEY
高出22.0%
4.8%
两年增速更快
DFH
近两年复合增速
12.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $58.8M | $522.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | — |
| 净利率 | 4.8% | 26.8% |
| 营收同比 | -22.3% | 10.2% |
| 净利润同比 | -54.9% | 28.9% |
| 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DFHKEY
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.2B | $2.0B | ||
| Q3 25 | $969.8M | $1.9B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $989.9M | $1.8B | ||
| Q4 24 | $1.6B | $865.0M | ||
| Q3 24 | $1.0B | $695.0M | ||
| Q2 24 | $1.1B | $1.5B |
净利润DFHKEY
| Q1 26 | — | $522.0M | ||
| Q4 25 | $58.8M | $510.0M | ||
| Q3 25 | $47.0M | $489.0M | ||
| Q2 25 | $56.6M | $425.0M | ||
| Q1 25 | $54.9M | $405.0M | ||
| Q4 24 | $130.5M | $-244.0M | ||
| Q3 24 | $70.7M | $-410.0M | ||
| Q2 24 | $80.9M | $274.0M |
毛利率DFHKEY
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — |
营业利润率DFHKEY
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 32.3% | ||
| Q3 25 | 6.3% | 31.8% | ||
| Q2 25 | 6.4% | 29.3% | ||
| Q1 25 | 7.2% | 29.0% | ||
| Q4 24 | 10.8% | -92.6% | ||
| Q3 24 | 9.2% | -72.8% | ||
| Q2 24 | 10.0% | 22.0% |
净利率DFHKEY
| Q1 26 | — | 26.8% | ||
| Q4 25 | 4.8% | 25.4% | ||
| Q3 25 | 4.8% | 25.8% | ||
| Q2 25 | 4.9% | 23.1% | ||
| Q1 25 | 5.5% | 22.8% | ||
| Q4 24 | 8.4% | -54.7% | ||
| Q3 24 | 7.0% | -59.0% | ||
| Q2 24 | 7.7% | 18.0% |
每股收益（稀释后）DFHKEY
| Q1 26 | — | $0.44 | ||
| Q4 25 | $0.57 | $0.43 | ||
| Q3 25 | $0.47 | $0.41 | ||
| Q2 25 | $0.56 | $0.35 | ||
| Q1 25 | $0.54 | $0.33 | ||
| Q4 24 | $1.28 | $-0.30 | ||
| Q3 24 | $0.70 | $-0.47 | ||
| Q2 24 | $0.81 | $0.25 |
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 | $11.8B |
| 总债务越低越好 | $1.6B | $10.9B |
| 股东权益账面价值 | $1.4B | $20.0B |
| 总资产 | $3.7B | $188.7B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资DFHKEY
| Q1 26 | — | $11.8B | ||
| Q4 25 | $234.8M | $10.2B | ||
| Q3 25 | $251.0M | $13.3B | ||
| Q2 25 | $210.3M | $11.6B | ||
| Q1 25 | $297.5M | $15.3B | ||
| Q4 24 | $274.4M | $17.5B | ||
| Q3 24 | $204.9M | $22.8B | ||
| Q2 24 | $274.8M | $15.5B |
总债务DFHKEY
| Q1 26 | — | $10.9B | ||
| Q4 25 | $1.6B | $9.9B | ||
| Q3 25 | $1.8B | $10.9B | ||
| Q2 25 | — | $12.1B | ||
| Q1 25 | — | $12.4B | ||
| Q4 24 | $1.3B | $12.1B | ||
| Q3 24 | — | $15.7B | ||
| Q2 24 | — | $16.9B |
股东权益DFHKEY
| Q1 26 | — | $20.0B | ||
| Q4 25 | $1.4B | $20.4B | ||
| Q3 25 | $1.4B | $20.1B | ||
| Q2 25 | $1.3B | $19.5B | ||
| Q1 25 | $1.3B | $19.0B | ||
| Q4 24 | $1.2B | $18.2B | ||
| Q3 24 | $1.1B | $16.9B | ||
| Q2 24 | $1.0B | $14.8B |
总资产DFHKEY
| Q1 26 | — | $188.7B | ||
| Q4 25 | $3.7B | $184.4B | ||
| Q3 25 | $3.8B | $187.4B | ||
| Q2 25 | $3.7B | $185.5B | ||
| Q1 25 | $3.5B | $188.7B | ||
| Q4 24 | $3.3B | $187.2B | ||
| Q3 24 | $3.3B | $189.8B | ||
| Q2 24 | $3.0B | $187.4B |
负债/权益比DFHKEY
| Q1 26 | — | 0.54× | ||
| Q4 25 | 1.13× | 0.49× | ||
| Q3 25 | 1.29× | 0.54× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | 1.03× | 0.67× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.14× |
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DFHKEY
| Q1 26 | — | — | ||
| Q4 25 | $143.6M | $2.2B | ||
| Q3 25 | $-131.0M | $396.0M | ||
| Q2 25 | $-68.5M | $1.2B | ||
| Q1 25 | $-44.7M | $-140.0M | ||
| Q4 24 | $306.5M | $664.0M | ||
| Q3 24 | $-205.0M | $-1.2B | ||
| Q2 24 | $-110.6M | $-217.0M |
自由现金流DFHKEY
| Q1 26 | — | — | ||
| Q4 25 | $136.0M | $2.1B | ||
| Q3 25 | $-135.7M | $367.0M | ||
| Q2 25 | $-78.8M | $1.2B | ||
| Q1 25 | $-47.9M | $-150.0M | ||
| Q4 24 | $302.6M | $599.0M | ||
| Q3 24 | $-222.5M | $-1.2B | ||
| Q2 24 | $-112.4M | $-230.0M |
自由现金流率DFHKEY
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | 104.8% | ||
| Q3 25 | -14.0% | 19.4% | ||
| Q2 25 | -6.8% | 65.8% | ||
| Q1 25 | -4.8% | -8.5% | ||
| Q4 24 | 19.4% | 69.2% | ||
| Q3 24 | -22.1% | -175.8% | ||
| Q2 24 | -10.6% | -15.1% |
资本支出强度DFHKEY
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 5.3% | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | 0.9% | 1.3% | ||
| Q1 25 | 0.3% | 0.6% | ||
| Q4 24 | 0.3% | 7.5% | ||
| Q3 24 | 1.7% | 2.4% | ||
| Q2 24 | 0.2% | 0.9% |
现金转化率DFHKEY
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 4.33× | ||
| Q3 25 | -2.79× | 0.81× | ||
| Q2 25 | -1.21× | 2.90× | ||
| Q1 25 | -0.81× | -0.35× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | — | ||
| Q2 24 | -1.37× | -0.79× |
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% |
KEY
| Net Interest Income | $1.2B | 63% |
| Noninterest Income | $723.0M | 37% |
