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Dream Finders Homes, Inc.（DFH）与Liberty Energy Inc.（LBRT）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Liberty Energy Inc.的1.2倍（$1.2B vs $1.0B），Dream Finders Homes, Inc.净利率更高（4.8% vs 2.2%，领先2.6%），Liberty Energy Inc.同比增速更快（4.5% vs -22.3%），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -6.2%）
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。
Liberty Energy Inc.是北美领先的能源服务供应商，专注为油气运营企业提供水力压裂及完井解决方案，服务覆盖美国主要页岩产区，供应低排放作业设备及定制化支持，帮助提升油气井生产效率。
DFH vs LBRT — 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
LBRT
高出26.7%
-22.3%
净利率更高
DFH
高出2.6%
2.2%
两年增速更快
DFH
近两年复合增速
-6.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.0B |
| 净利润 | $58.8M | $22.6M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 2.2% |
| 净利率 | 4.8% | 2.2% |
| 营收同比 | -22.3% | 4.5% |
| 净利润同比 | -54.9% | — |
| 每股收益（稀释后） | $0.57 | $0.14 |
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DFHLBRT
| Q1 26 | — | $1.0B | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $969.8M | $947.4M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $989.9M | $977.5M | ||
| Q4 24 | $1.6B | $943.6M | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B |
净利润DFHLBRT
| Q1 26 | — | $22.6M | ||
| Q4 25 | $58.8M | $13.7M | ||
| Q3 25 | $47.0M | $43.1M | ||
| Q2 25 | $56.6M | $71.0M | ||
| Q1 25 | $54.9M | $20.1M | ||
| Q4 24 | $130.5M | $51.9M | ||
| Q3 24 | $70.7M | $73.8M | ||
| Q2 24 | $80.9M | $108.4M |
毛利率DFHLBRT
| Q1 26 | — | — | ||
| Q4 25 | — | 20.6% | ||
| Q3 25 | — | 18.7% | ||
| Q2 25 | — | 22.1% | ||
| Q1 25 | — | 22.1% | ||
| Q4 24 | — | 21.4% | ||
| Q3 24 | — | 26.2% | ||
| Q2 24 | 19.2% | 27.9% |
营业利润率DFHLBRT
| Q1 26 | — | 2.2% | ||
| Q4 25 | 6.4% | 1.9% | ||
| Q3 25 | 6.3% | -0.3% | ||
| Q2 25 | 6.4% | 3.6% | ||
| Q1 25 | 7.2% | 1.9% | ||
| Q4 24 | 10.8% | 2.6% | ||
| Q3 24 | 9.2% | 9.4% | ||
| Q2 24 | 10.0% | 12.2% |
净利率DFHLBRT
| Q1 26 | — | 2.2% | ||
| Q4 25 | 4.8% | 1.3% | ||
| Q3 25 | 4.8% | 4.5% | ||
| Q2 25 | 4.9% | 6.8% | ||
| Q1 25 | 5.5% | 2.1% | ||
| Q4 24 | 8.4% | 5.5% | ||
| Q3 24 | 7.0% | 6.5% | ||
| Q2 24 | 7.7% | 9.3% |
每股收益（稀释后）DFHLBRT
| Q1 26 | — | $0.14 | ||
| Q4 25 | $0.57 | $0.08 | ||
| Q3 25 | $0.47 | $0.26 | ||
| Q2 25 | $0.56 | $0.43 | ||
| Q1 25 | $0.54 | $0.12 | ||
| Q4 24 | $1.28 | $0.31 | ||
| Q3 24 | $0.70 | $0.44 | ||
| Q2 24 | $0.81 | $0.64 |
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 | $699.1M |
| 总债务越低越好 | $1.6B | $7.1M |
| 股东权益账面价值 | $1.4B | $1.9B |
| 总资产 | $3.7B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资DFHLBRT
| Q1 26 | — | $699.1M | ||
| Q4 25 | $234.8M | $27.6M | ||
| Q3 25 | $251.0M | $13.5M | ||
| Q2 25 | $210.3M | $19.6M | ||
| Q1 25 | $297.5M | $24.1M | ||
| Q4 24 | $274.4M | $20.0M | ||
| Q3 24 | $204.9M | $23.0M | ||
| Q2 24 | $274.8M | $30.0M |
总债务DFHLBRT
| Q1 26 | — | $7.1M | ||
| Q4 25 | $1.6B | $246.6M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $190.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DFHLBRT
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.0B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $1.9B |
总资产DFHLBRT
| Q1 26 | — | $4.4B | ||
| Q4 25 | $3.7B | $3.6B | ||
| Q3 25 | $3.8B | $3.5B | ||
| Q2 25 | $3.7B | $3.4B | ||
| Q1 25 | $3.5B | $3.4B | ||
| Q4 24 | $3.3B | $3.3B | ||
| Q3 24 | $3.3B | $3.3B | ||
| Q2 24 | $3.0B | $3.2B |
负债/权益比DFHLBRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 1.13× | 0.12× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | 0.10× | ||
| 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% | 13.1% |
| 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DFHLBRT
| Q1 26 | — | — | ||
| Q4 25 | $143.6M | $195.4M | ||
| Q3 25 | $-131.0M | $51.5M | ||
| Q2 25 | $-68.5M | $170.6M | ||
| Q1 25 | $-44.7M | $192.1M | ||
| Q4 24 | $306.5M | $177.3M | ||
| Q3 24 | $-205.0M | $244.5M | ||
| Q2 24 | $-110.6M | $248.2M |
自由现金流DFHLBRT
| Q1 26 | — | — | ||
| Q4 25 | $136.0M | $-10.0M | ||
| Q3 25 | $-135.7M | $-67.2M | ||
| Q2 25 | $-78.8M | $33.1M | ||
| Q1 25 | $-47.9M | $58.2M | ||
| Q4 24 | $302.6M | $-26.2M | ||
| Q3 24 | $-222.5M | $77.9M | ||
| Q2 24 | $-112.4M | $112.2M |
自由现金流率DFHLBRT
| Q1 26 | — | — | ||
| Q4 25 | 11.2% | -1.0% | ||
| Q3 25 | -14.0% | -7.1% | ||
| Q2 25 | -6.8% | 3.2% | ||
| Q1 25 | -4.8% | 6.0% | ||
| Q4 24 | 19.4% | -2.8% | ||
| Q3 24 | -22.1% | 6.8% | ||
| Q2 24 | -10.6% | 9.7% |
资本支出强度DFHLBRT
| Q1 26 | — | 13.1% | ||
| Q4 25 | 0.6% | 19.8% | ||
| Q3 25 | 0.5% | 12.5% | ||
| Q2 25 | 0.9% | 13.2% | ||
| Q1 25 | 0.3% | 13.7% | ||
| Q4 24 | 0.3% | 21.6% | ||
| Q3 24 | 1.7% | 14.6% | ||
| Q2 24 | 0.2% | 11.7% |
现金转化率DFHLBRT
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 14.28× | ||
| Q3 25 | -2.79× | 1.20× | ||
| Q2 25 | -1.21× | 2.40× | ||
| Q1 25 | -0.81× | 9.55× | ||
| Q4 24 | 2.35× | 3.42× | ||
| Q3 24 | -2.90× | 3.31× | ||
| Q2 24 | -1.37× | 2.29× |
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% |
LBRT
暂无分部数据
