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Dream Finders Homes, Inc.（DFH）与PAR PACIFIC HOLDINGS, INC.（PARR）财务数据对比。点击上方公司名可切换其他公司
PAR PACIFIC HOLDINGS, INC.的季度营收约是Dream Finders Homes, Inc.的1.5倍（$1.8B vs $1.2B），Dream Finders Homes, Inc.净利率更高（4.8% vs 4.3%，领先0.6%），PAR PACIFIC HOLDINGS, INC.同比增速更快（-1.0% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $66.3M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -4.3%）
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。
Par Pacific Holdings是总部位于美国休斯顿的油气勘探生产企业，曾在破产重组后以Par Petroleum Corporation为名运营，2015年10月20日正式更名为现名，2017年入选《财富》美国1000强企业。
DFH vs PARR — 直观对比
营收规模更大
PARR
是对方的1.5倍
$1.2B
营收增速更快
PARR
高出21.2%
-22.3%
净利率更高
DFH
高出0.6%
4.3%
自由现金流更多
DFH
多$69.8M
$66.3M
两年增速更快
DFH
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.8B |
| 净利润 | $58.8M | $77.7M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 5.5% |
| 净利率 | 4.8% | 4.3% |
| 营收同比 | -22.3% | -1.0% |
| 净利润同比 | -54.9% | 239.5% |
| 每股收益（稀释后） | $0.57 | $1.40 |
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DFHPARR
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $969.8M | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $989.9M | $1.7B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.1B | $2.0B | ||
| Q1 24 | $827.8M | $2.0B |
净利润DFHPARR
| Q4 25 | $58.8M | $77.7M | ||
| Q3 25 | $47.0M | $262.6M | ||
| Q2 25 | $56.6M | $59.5M | ||
| Q1 25 | $54.9M | $-30.4M | ||
| Q4 24 | $130.5M | $-55.7M | ||
| Q3 24 | $70.7M | $7.5M | ||
| Q2 24 | $80.9M | $18.6M | ||
| Q1 24 | $54.5M | $-3.8M |
毛利率DFHPARR
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
营业利润率DFHPARR
| Q4 25 | 6.4% | 5.5% | ||
| Q3 25 | 6.3% | 17.8% | ||
| Q2 25 | 6.4% | 5.1% | ||
| Q1 25 | 7.2% | -0.9% | ||
| Q4 24 | 10.8% | -2.6% | ||
| Q3 24 | 9.2% | 1.7% | ||
| Q2 24 | 10.0% | 2.4% | ||
| Q1 24 | 8.6% | 0.5% |
净利率DFHPARR
| Q4 25 | 4.8% | 4.3% | ||
| Q3 25 | 4.8% | 13.0% | ||
| Q2 25 | 4.9% | 3.1% | ||
| Q1 25 | 5.5% | -1.7% | ||
| Q4 24 | 8.4% | -3.0% | ||
| Q3 24 | 7.0% | 0.3% | ||
| Q2 24 | 7.7% | 0.9% | ||
| Q1 24 | 6.6% | -0.2% |
每股收益（稀释后）DFHPARR
| Q4 25 | $0.57 | $1.40 | ||
| Q3 25 | $0.47 | $5.16 | ||
| Q2 25 | $0.56 | $1.17 | ||
| Q1 25 | $0.54 | $-0.57 | ||
| Q4 24 | $1.28 | $-0.98 | ||
| Q3 24 | $0.70 | $0.13 | ||
| Q2 24 | $0.81 | $0.32 | ||
| Q1 24 | $0.55 | $-0.06 |
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 | $164.1M |
| 总债务越低越好 | $1.6B | $802.9M |
| 股东权益账面价值 | $1.4B | $1.5B |
| 总资产 | $3.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.53× |
8季度趋势，按日历期对齐
现金及短期投资DFHPARR
| Q4 25 | $234.8M | $164.1M | ||
| Q3 25 | $251.0M | $159.1M | ||
| Q2 25 | $210.3M | $169.2M | ||
| Q1 25 | $297.5M | $133.7M | ||
| Q4 24 | $274.4M | $191.9M | ||
| Q3 24 | $204.9M | $183.0M | ||
| Q2 24 | $274.8M | $179.7M | ||
| Q1 24 | $239.4M | $228.3M |
总债务DFHPARR
| Q4 25 | $1.6B | $802.9M | ||
| Q3 25 | $1.8B | $967.1M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | — | $1.0B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $639.5M |
股东权益DFHPARR
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.0B | $1.3B | ||
| Q1 24 | $968.7M | $1.3B |
总资产DFHPARR
| Q4 25 | $3.7B | $3.8B | ||
| Q3 25 | $3.8B | $4.1B | ||
| Q2 25 | $3.7B | $3.9B | ||
| Q1 25 | $3.5B | $3.8B | ||
| Q4 24 | $3.3B | $3.8B | ||
| Q3 24 | $3.3B | $3.9B | ||
| Q2 24 | $3.0B | $3.9B | ||
| Q1 24 | $2.7B | $3.8B |
负债/权益比DFHPARR
| Q4 25 | 1.13× | 0.53× | ||
| Q3 25 | 1.29× | 0.69× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 1.04× | ||
| Q4 24 | 1.03× | 0.93× | ||
| Q3 24 | — | 0.83× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | — | 0.49× |
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 | $93.8M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $66.3M |
| 自由现金流率自由现金流/营收 | 11.2% | 3.7% |
| 资本支出强度资本支出/营收 | 0.6% | 1.5% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $296.5M |
8季度趋势，按日历期对齐
经营现金流DFHPARR
| Q4 25 | $143.6M | $93.8M | ||
| Q3 25 | $-131.0M | $219.4M | ||
| Q2 25 | $-68.5M | $133.6M | ||
| Q1 25 | $-44.7M | $-1.4M | ||
| Q4 24 | $306.5M | $-15.5M | ||
| Q3 24 | $-205.0M | $78.5M | ||
| Q2 24 | $-110.6M | $-4.7M | ||
| Q1 24 | $-247.5M | $25.4M |
自由现金流DFHPARR
| Q4 25 | $136.0M | $66.3M | ||
| Q3 25 | $-135.7M | $187.1M | ||
| Q2 25 | $-78.8M | $85.5M | ||
| Q1 25 | $-47.9M | $-42.3M | ||
| Q4 24 | $302.6M | $-63.1M | ||
| Q3 24 | $-222.5M | $50.2M | ||
| Q2 24 | $-112.4M | $-41.6M | ||
| Q1 24 | $-249.6M | $2.8M |
自由现金流率DFHPARR
| Q4 25 | 11.2% | 3.7% | ||
| Q3 25 | -14.0% | 9.3% | ||
| Q2 25 | -6.8% | 4.5% | ||
| Q1 25 | -4.8% | -2.4% | ||
| Q4 24 | 19.4% | -3.4% | ||
| Q3 24 | -22.1% | 2.3% | ||
| Q2 24 | -10.6% | -2.1% | ||
| Q1 24 | -30.2% | 0.1% |
资本支出强度DFHPARR
| Q4 25 | 0.6% | 1.5% | ||
| Q3 25 | 0.5% | 1.6% | ||
| Q2 25 | 0.9% | 2.5% | ||
| Q1 25 | 0.3% | 2.3% | ||
| Q4 24 | 0.3% | 2.6% | ||
| Q3 24 | 1.7% | 1.3% | ||
| Q2 24 | 0.2% | 1.8% | ||
| Q1 24 | 0.3% | 1.1% |
现金转化率DFHPARR
| Q4 25 | 2.44× | 1.21× | ||
| Q3 25 | -2.79× | 0.84× | ||
| Q2 25 | -1.21× | 2.25× | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 2.35× | — | ||
| Q3 24 | -2.90× | 10.48× | ||
| Q2 24 | -1.37× | -0.25× | ||
| 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% |
PARR
| Distillates | $750.6M | 41% |
| Gasoline | $603.9M | 33% |
| Other Refined Products | $348.8M | 19% |
| Logistics | $73.7M | 4% |
| Other Revenues | $44.8M | 2% |
