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Dream Finders Homes, Inc.（DFH）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是Dream Finders Homes, Inc.的1.8倍（$2.1B vs $1.2B），Dream Finders Homes, Inc.净利率更高（4.8% vs -13.9%，领先18.8%），Dream Finders Homes, Inc.同比增速更快（-22.3% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $136.0M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
DFH vs OC — 直观对比
营收规模更大
OC
是对方的1.8倍
$1.2B
营收增速更快
DFH
高出2.3%
-24.6%
净利率更高
DFH
高出18.8%
-13.9%
自由现金流更多
OC
多$197.0M
$136.0M
两年增速更快
DFH
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $58.8M | $-298.0M |
| 毛利率 | — | 23.2% |
| 营业利润率 | 6.4% | -10.5% |
| 净利率 | 4.8% | -13.9% |
| 营收同比 | -22.3% | -24.6% |
| 净利润同比 | -54.9% | -15.5% |
| 每股收益（稀释后） | $0.57 | $-3.47 |
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DFHOC
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $969.8M | $2.7B | ||
| Q2 25 | $1.2B | $2.7B | ||
| Q1 25 | $989.9M | $2.5B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $1.0B | $3.0B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $827.8M | $2.3B |
净利润DFHOC
| Q4 25 | $58.8M | $-298.0M | ||
| Q3 25 | $47.0M | $-494.0M | ||
| Q2 25 | $56.6M | $363.0M | ||
| Q1 25 | $54.9M | $-93.0M | ||
| Q4 24 | $130.5M | $-258.0M | ||
| Q3 24 | $70.7M | $321.0M | ||
| Q2 24 | $80.9M | $285.0M | ||
| Q1 24 | $54.5M | $299.0M |
毛利率DFHOC
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | 19.2% | 31.1% | ||
| Q1 24 | 18.0% | 29.6% |
营业利润率DFHOC
| Q4 25 | 6.4% | -10.5% | ||
| Q3 25 | 6.3% | -12.2% | ||
| Q2 25 | 6.4% | 18.4% | ||
| Q1 25 | 7.2% | 16.1% | ||
| Q4 24 | 10.8% | -8.5% | ||
| Q3 24 | 9.2% | 16.7% | ||
| Q2 24 | 10.0% | 16.4% | ||
| Q1 24 | 8.6% | 17.5% |
净利率DFHOC
| Q4 25 | 4.8% | -13.9% | ||
| Q3 25 | 4.8% | -18.4% | ||
| Q2 25 | 4.9% | 13.2% | ||
| Q1 25 | 5.5% | -3.7% | ||
| Q4 24 | 8.4% | -9.1% | ||
| Q3 24 | 7.0% | 10.5% | ||
| Q2 24 | 7.7% | 10.2% | ||
| Q1 24 | 6.6% | 13.0% |
每股收益（稀释后）DFHOC
| Q4 25 | $0.57 | $-3.47 | ||
| Q3 25 | $0.47 | $-5.92 | ||
| Q2 25 | $0.56 | $4.25 | ||
| Q1 25 | $0.54 | $-1.08 | ||
| Q4 24 | $1.28 | $-2.92 | ||
| Q3 24 | $0.70 | $3.65 | ||
| Q2 24 | $0.81 | $3.24 | ||
| Q1 24 | $0.55 | $3.40 |
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 | $345.0M |
| 总债务越低越好 | $1.6B | $4.7B |
| 股东权益账面价值 | $1.4B | $3.9B |
| 总资产 | $3.7B | $13.0B |
| 负债/权益比越低杠杆越低 | 1.13× | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资DFHOC
| Q4 25 | $234.8M | $345.0M | ||
| Q3 25 | $251.0M | $286.0M | ||
| Q2 25 | $210.3M | $230.0M | ||
| Q1 25 | $297.5M | $400.0M | ||
| Q4 24 | $274.4M | $361.0M | ||
| Q3 24 | $204.9M | $499.0M | ||
| Q2 24 | $274.8M | $254.0M | ||
| Q1 24 | $239.4M | $1.3B |
总债务DFHOC
| Q4 25 | $1.6B | $4.7B | ||
| Q3 25 | $1.8B | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $1.3B | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益DFHOC
| Q4 25 | $1.4B | $3.9B | ||
| Q3 25 | $1.4B | $4.4B | ||
| Q2 25 | $1.3B | $5.2B | ||
| Q1 25 | $1.3B | $4.9B | ||
| Q4 24 | $1.2B | $5.1B | ||
| Q3 24 | $1.1B | $5.6B | ||
| Q2 24 | $1.0B | $5.5B | ||
| Q1 24 | $968.7M | $5.2B |
总资产DFHOC
| Q4 25 | $3.7B | $13.0B | ||
| Q3 25 | $3.8B | $13.5B | ||
| Q2 25 | $3.7B | $14.5B | ||
| Q1 25 | $3.5B | $14.3B | ||
| Q4 24 | $3.3B | $14.1B | ||
| Q3 24 | $3.3B | $15.1B | ||
| Q2 24 | $3.0B | $15.0B | ||
| Q1 24 | $2.7B | $11.3B |
负债/权益比DFHOC
| Q4 25 | 1.13× | 1.22× | ||
| Q3 25 | 1.29× | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | 1.03× | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $333.0M |
| 自由现金流率自由现金流/营收 | 11.2% | 15.5% |
| 资本支出强度资本支出/营收 | 0.6% | 12.0% |
| 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 | $962.0M |
8季度趋势，按日历期对齐
经营现金流DFHOC
| Q4 25 | $143.6M | $590.0M | ||
| Q3 25 | $-131.0M | $918.0M | ||
| Q2 25 | $-68.5M | $327.0M | ||
| Q1 25 | $-44.7M | $-49.0M | ||
| Q4 24 | $306.5M | $676.0M | ||
| Q3 24 | $-205.0M | $699.0M | ||
| Q2 24 | $-110.6M | $493.0M | ||
| Q1 24 | $-247.5M | $24.0M |
自由现金流DFHOC
| Q4 25 | $136.0M | $333.0M | ||
| Q3 25 | $-135.7M | $752.0M | ||
| Q2 25 | $-78.8M | $129.0M | ||
| Q1 25 | $-47.9M | $-252.0M | ||
| Q4 24 | $302.6M | $479.0M | ||
| Q3 24 | $-222.5M | $558.0M | ||
| Q2 24 | $-112.4M | $336.0M | ||
| Q1 24 | $-249.6M | $-128.0M |
自由现金流率DFHOC
| Q4 25 | 11.2% | 15.5% | ||
| Q3 25 | -14.0% | 28.0% | ||
| Q2 25 | -6.8% | 4.7% | ||
| Q1 25 | -4.8% | -10.0% | ||
| Q4 24 | 19.4% | 16.9% | ||
| Q3 24 | -22.1% | 18.3% | ||
| Q2 24 | -10.6% | 12.0% | ||
| Q1 24 | -30.2% | -5.6% |
资本支出强度DFHOC
| Q4 25 | 0.6% | 12.0% | ||
| Q3 25 | 0.5% | 6.2% | ||
| Q2 25 | 0.9% | 7.2% | ||
| Q1 25 | 0.3% | 8.0% | ||
| Q4 24 | 0.3% | 6.9% | ||
| Q3 24 | 1.7% | 4.6% | ||
| Q2 24 | 0.2% | 5.6% | ||
| Q1 24 | 0.3% | 6.6% |
现金转化率DFHOC
| Q4 25 | 2.44× | — | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | -1.21× | 0.90× | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | 2.18× | ||
| Q2 24 | -1.37× | 1.73× | ||
| Q1 24 | -4.54× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
