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Dream Finders Homes, Inc.（DFH）与LGI Homes, Inc.（LGIH）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LGI Homes, Inc.的2.6倍（$1.2B vs $474.0M）。Dream Finders Homes, Inc.净利率更高（4.8% vs 3.7%，领先1.2%）。LGI Homes, Inc.同比增速更快（-15.0% vs -22.3%）。过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 10.1%）
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。
LGI Homes是一家总部位于美国得克萨斯州的新建住宅开发商，业务聚焦美国西南部地区。据《建筑商》杂志统计，该公司目前是美国第十大住宅建筑商，2019年共交付房屋7690套，较2018年增长18.1%，全年房屋销售营收达18亿美元，行业规模位居美国前列。
DFH vs LGIH — 直观对比
营收规模更大
DFH
是对方的2.6倍
$474.0M
营收增速更快
LGIH
高出7.3%
-22.3%
净利率更高
DFH
高出1.2%
3.7%
两年增速更快
DFH
近两年复合增速
10.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $474.0M |
| 净利润 | $58.8M | $17.3M |
| 毛利率 | — | 17.7% |
| 营业利润率 | 6.4% | 3.9% |
| 净利率 | 4.8% | 3.7% |
| 营收同比 | -22.3% | -15.0% |
| 净利润同比 | -54.9% | -66.0% |
| 每股收益（稀释后） | $0.57 | $0.74 |
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DFHLGIH
| Q4 25 | $1.2B | $474.0M | ||
| Q3 25 | $969.8M | $396.6M | ||
| Q2 25 | $1.2B | $483.5M | ||
| Q1 25 | $989.9M | $351.4M | ||
| Q4 24 | $1.6B | $557.4M | ||
| Q3 24 | $1.0B | $651.9M | ||
| Q2 24 | $1.1B | $602.5M | ||
| Q1 24 | $827.8M | $390.9M |
净利润DFHLGIH
| Q4 25 | $58.8M | $17.3M | ||
| Q3 25 | $47.0M | $19.7M | ||
| Q2 25 | $56.6M | $31.5M | ||
| Q1 25 | $54.9M | $4.0M | ||
| Q4 24 | $130.5M | $50.9M | ||
| Q3 24 | $70.7M | $69.6M | ||
| Q2 24 | $80.9M | $58.6M | ||
| Q1 24 | $54.5M | $17.1M |
毛利率DFHLGIH
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | 19.2% | 25.0% | ||
| Q1 24 | 18.0% | 23.4% |
营业利润率DFHLGIH
| Q4 25 | 6.4% | 3.9% | ||
| Q3 25 | 6.3% | 5.4% | ||
| Q2 25 | 6.4% | 8.2% | ||
| Q1 25 | 7.2% | 0.0% | ||
| Q4 24 | 10.8% | 8.2% | ||
| Q3 24 | 9.2% | 12.3% | ||
| Q2 24 | 10.0% | 11.2% | ||
| Q1 24 | 8.6% | 4.8% |
净利率DFHLGIH
| Q4 25 | 4.8% | 3.7% | ||
| Q3 25 | 4.8% | 5.0% | ||
| Q2 25 | 4.9% | 6.5% | ||
| Q1 25 | 5.5% | 1.1% | ||
| Q4 24 | 8.4% | 9.1% | ||
| Q3 24 | 7.0% | 10.7% | ||
| Q2 24 | 7.7% | 9.7% | ||
| Q1 24 | 6.6% | 4.4% |
每股收益（稀释后）DFHLGIH
| Q4 25 | $0.57 | $0.74 | ||
| Q3 25 | $0.47 | $0.85 | ||
| Q2 25 | $0.56 | $1.36 | ||
| Q1 25 | $0.54 | $0.17 | ||
| Q4 24 | $1.28 | $2.15 | ||
| Q3 24 | $0.70 | $2.95 | ||
| Q2 24 | $0.81 | $2.48 | ||
| Q1 24 | $0.55 | $0.72 |
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 | — |
| 总债务越低越好 | $1.6B | $1.7B |
| 股东权益账面价值 | $1.4B | $2.1B |
| 总资产 | $3.7B | $3.9B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资DFHLGIH
| Q4 25 | $234.8M | — | ||
| Q3 25 | $251.0M | — | ||
| Q2 25 | $210.3M | — | ||
| Q1 25 | $297.5M | — | ||
| Q4 24 | $274.4M | $53.2M | ||
| Q3 24 | $204.9M | — | ||
| Q2 24 | $274.8M | — | ||
| Q1 24 | $239.4M | — |
总债务DFHLGIH
| Q4 25 | $1.6B | $1.7B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFHLGIH
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.0B | $1.9B | ||
| Q1 24 | $968.7M | $1.9B |
总资产DFHLGIH
| Q4 25 | $3.7B | $3.9B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.7B | $4.0B | ||
| Q1 25 | $3.5B | $3.9B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.3B | $3.8B | ||
| Q2 24 | $3.0B | $3.7B | ||
| Q1 24 | $2.7B | $3.5B |
负债/权益比DFHLGIH
| Q4 25 | 1.13× | 0.79× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | 0.73× | ||
| 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 | $86.8M |
| 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% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.44× | 5.01× |
| 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DFHLGIH
| Q4 25 | $143.6M | $86.8M | ||
| Q3 25 | $-131.0M | $-13.2M | ||
| Q2 25 | $-68.5M | $-86.4M | ||
| Q1 25 | $-44.7M | $-127.1M | ||
| Q4 24 | $306.5M | $57.0M | ||
| Q3 24 | $-205.0M | $-17.8M | ||
| Q2 24 | $-110.6M | $-83.5M | ||
| Q1 24 | $-247.5M | $-99.5M |
自由现金流DFHLGIH
| Q4 25 | $136.0M | — | ||
| Q3 25 | $-135.7M | $-13.3M | ||
| Q2 25 | $-78.8M | $-86.4M | ||
| Q1 25 | $-47.9M | $-128.0M | ||
| Q4 24 | $302.6M | $56.4M | ||
| Q3 24 | $-222.5M | $-17.8M | ||
| Q2 24 | $-112.4M | $-83.8M | ||
| Q1 24 | $-249.6M | $-100.5M |
自由现金流率DFHLGIH
| Q4 25 | 11.2% | — | ||
| Q3 25 | -14.0% | -3.3% | ||
| Q2 25 | -6.8% | -17.9% | ||
| Q1 25 | -4.8% | -36.4% | ||
| Q4 24 | 19.4% | 10.1% | ||
| Q3 24 | -22.1% | -2.7% | ||
| Q2 24 | -10.6% | -13.9% | ||
| Q1 24 | -30.2% | -25.7% |
资本支出强度DFHLGIH
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 0.5% | 0.0% | ||
| Q2 25 | 0.9% | 0.0% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.3% | 0.1% | ||
| Q3 24 | 1.7% | 0.0% | ||
| Q2 24 | 0.2% | 0.0% | ||
| Q1 24 | 0.3% | 0.3% |
现金转化率DFHLGIH
| Q4 25 | 2.44× | 5.01× | ||
| Q3 25 | -2.79× | -0.67× | ||
| Q2 25 | -1.21× | -2.74× | ||
| Q1 25 | -0.81× | -31.83× | ||
| Q4 24 | 2.35× | 1.12× | ||
| Q3 24 | -2.90× | -0.26× | ||
| Q2 24 | -1.37× | -1.43× | ||
| Q1 24 | -4.54× | -5.83× |
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% |
LGIH
| West Reportable Segment | $128.2M | 27% |
| Southeast Reportable Segment | $118.9M | 25% |
| Central Reportable Segment | $105.8M | 22% |
| Florida Reportable Segment | $69.2M | 15% |
| Northwest Reportable Segment | $51.8M | 11% |
