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Dream Finders Homes, Inc.（DFH）与百济神州（ONC）财务数据对比。点击上方公司名可切换其他公司
百济神州的季度营收约是Dream Finders Homes, Inc.的1.2倍（$1.5B vs $1.2B），Dream Finders Homes, Inc.净利率更高（4.8% vs 4.4%，领先0.4%），百济神州同比增速更快（32.8% vs -22.3%），百济神州自由现金流更多（$379.8M vs $136.0M），过去两年百济神州的营收复合增速更高（41.2% vs 21.0%）
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。
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
DFH vs ONC — 直观对比
营收规模更大
ONC
是对方的1.2倍
$1.2B
营收增速更快
ONC
高出55.1%
-22.3%
净利率更高
DFH
高出0.4%
4.4%
自由现金流更多
ONC
多$243.8M
$136.0M
两年增速更快
ONC
近两年复合增速
21.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.5B |
| 净利润 | $58.8M | $66.5M |
| 毛利率 | — | 90.5% |
| 营业利润率 | 6.4% | 12.4% |
| 净利率 | 4.8% | 4.4% |
| 营收同比 | -22.3% | 32.8% |
| 净利润同比 | -54.9% | 143.8% |
| 每股收益（稀释后） | $0.57 | $0.05 |
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DFHONC
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $969.8M | $1.4B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $989.9M | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.0B | $1.0B | ||
| Q2 24 | $1.1B | $929.2M | ||
| Q1 24 | $827.8M | $751.7M |
净利润DFHONC
| Q4 25 | $58.8M | $66.5M | ||
| Q3 25 | $47.0M | $124.8M | ||
| Q2 25 | $56.6M | $94.3M | ||
| Q1 25 | $54.9M | $1.3M | ||
| Q4 24 | $130.5M | $-151.9M | ||
| Q3 24 | $70.7M | $-121.3M | ||
| Q2 24 | $80.9M | $-120.4M | ||
| Q1 24 | $54.5M | $-251.2M |
毛利率DFHONC
| Q4 25 | — | 90.5% | ||
| Q3 25 | — | 86.1% | ||
| Q2 25 | — | 87.5% | ||
| Q1 25 | — | 85.2% | ||
| Q4 24 | — | 85.8% | ||
| Q3 24 | — | 83.0% | ||
| Q2 24 | 19.2% | 85.1% | ||
| Q1 24 | 18.0% | 83.4% |
营业利润率DFHONC
| Q4 25 | 6.4% | 12.4% | ||
| Q3 25 | 6.3% | 11.5% | ||
| Q2 25 | 6.4% | 6.7% | ||
| Q1 25 | 7.2% | 1.0% | ||
| Q4 24 | 10.8% | -7.0% | ||
| Q3 24 | 9.2% | -12.0% | ||
| Q2 24 | 10.0% | -11.5% | ||
| Q1 24 | 8.6% | -34.8% |
净利率DFHONC
| Q4 25 | 4.8% | 4.4% | ||
| Q3 25 | 4.8% | 8.8% | ||
| Q2 25 | 4.9% | 7.2% | ||
| Q1 25 | 5.5% | 0.1% | ||
| Q4 24 | 8.4% | -13.5% | ||
| Q3 24 | 7.0% | -12.1% | ||
| Q2 24 | 7.7% | -13.0% | ||
| Q1 24 | 6.6% | -33.4% |
每股收益（稀释后）DFHONC
| Q4 25 | $0.57 | $0.05 | ||
| Q3 25 | $0.47 | $0.08 | ||
| Q2 25 | $0.56 | $0.06 | ||
| Q1 25 | $0.54 | $0.00 | ||
| Q4 24 | $1.28 | $-0.10 | ||
| Q3 24 | $0.70 | $-0.09 | ||
| Q2 24 | $0.81 | $-0.09 | ||
| Q1 24 | $0.55 | $-0.19 |
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 | $4.5B |
| 总债务越低越好 | $1.6B | $836.4M |
| 股东权益账面价值 | $1.4B | $4.4B |
| 总资产 | $3.7B | $8.2B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资DFHONC
| Q4 25 | $234.8M | $4.5B | ||
| Q3 25 | $251.0M | $4.0B | ||
| Q2 25 | $210.3M | $2.8B | ||
| Q1 25 | $297.5M | $2.5B | ||
| Q4 24 | $274.4M | $2.6B | ||
| Q3 24 | $204.9M | $2.7B | ||
| Q2 24 | $274.8M | $2.6B | ||
| Q1 24 | $239.4M | $2.8B |
总债务DFHONC
| Q4 25 | $1.6B | $836.4M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFHONC
| Q4 25 | $1.4B | $4.4B | ||
| Q3 25 | $1.4B | $4.1B | ||
| Q2 25 | $1.3B | $3.8B | ||
| Q1 25 | $1.3B | $3.5B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.1B | $3.4B | ||
| Q2 24 | $1.0B | $3.4B | ||
| Q1 24 | $968.7M | $3.4B |
总资产DFHONC
| Q4 25 | $3.7B | $8.2B | ||
| Q3 25 | $3.8B | $7.6B | ||
| Q2 25 | $3.7B | $6.3B | ||
| Q1 25 | $3.5B | $5.8B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.3B | $5.8B | ||
| Q2 24 | $3.0B | $5.7B | ||
| Q1 24 | $2.7B | $5.7B |
负债/权益比DFHONC
| Q4 25 | 1.13× | 0.19× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | — | ||
| 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 | $417.3M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $379.8M |
| 自由现金流率自由现金流/营收 | 11.2% | 25.4% |
| 资本支出强度资本支出/营收 | 0.6% | 2.5% |
| 现金转化率经营现金流/净利润 | 2.44× | 6.28× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $941.7M |
8季度趋势，按日历期对齐
经营现金流DFHONC
| Q4 25 | $143.6M | $417.3M | ||
| Q3 25 | $-131.0M | $402.6M | ||
| Q2 25 | $-68.5M | $263.6M | ||
| Q1 25 | $-44.7M | $44.1M | ||
| Q4 24 | $306.5M | $75.2M | ||
| Q3 24 | $-205.0M | $188.4M | ||
| Q2 24 | $-110.6M | $-95.6M | ||
| Q1 24 | $-247.5M | $-308.6M |
自由现金流DFHONC
| Q4 25 | $136.0M | $379.8M | ||
| Q3 25 | $-135.7M | $354.5M | ||
| Q2 25 | $-78.8M | $219.8M | ||
| Q1 25 | $-47.9M | $-12.3M | ||
| Q4 24 | $302.6M | $-17.3M | ||
| Q3 24 | $-222.5M | $54.7M | ||
| Q2 24 | $-112.4M | $-205.5M | ||
| Q1 24 | $-249.6M | $-465.1M |
自由现金流率DFHONC
| Q4 25 | 11.2% | 25.4% | ||
| Q3 25 | -14.0% | 25.1% | ||
| Q2 25 | -6.8% | 16.7% | ||
| Q1 25 | -4.8% | -1.1% | ||
| Q4 24 | 19.4% | -1.5% | ||
| Q3 24 | -22.1% | 5.5% | ||
| Q2 24 | -10.6% | -22.1% | ||
| Q1 24 | -30.2% | -61.9% |
资本支出强度DFHONC
| Q4 25 | 0.6% | 2.5% | ||
| Q3 25 | 0.5% | 3.4% | ||
| Q2 25 | 0.9% | 3.3% | ||
| Q1 25 | 0.3% | 5.0% | ||
| Q4 24 | 0.3% | 8.2% | ||
| Q3 24 | 1.7% | 13.3% | ||
| Q2 24 | 0.2% | 11.8% | ||
| Q1 24 | 0.3% | 20.8% |
现金转化率DFHONC
| Q4 25 | 2.44× | 6.28× | ||
| Q3 25 | -2.79× | 3.22× | ||
| Q2 25 | -1.21× | 2.79× | ||
| Q1 25 | -0.81× | 34.71× | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | — | ||
| Q2 24 | -1.37× | — | ||
| 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% |
ONC
暂无分部数据
