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Dream Finders Homes, Inc.（DFH）与PIPER SANDLER COMPANIES（PIPR）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PIPER SANDLER COMPANIES的1.8倍（$1.2B vs $667.0M），PIPER SANDLER COMPANIES净利率更高（17.1% vs 4.8%，领先12.2%），PIPER SANDLER COMPANIES同比增速更快（37.4% vs -22.3%），过去两年PIPER SANDLER COMPANIES的营收复合增速更高（39.2% 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。
Piper Sandler是一家美国跨国投资银行及金融服务提供商，核心业务覆盖并购重组、财务重整、公开募股、公共财政、机构经纪、投资管理、证券研究等领域，通过旗下核心子公司Piper Sandler & Co.为企业、机构投资者及公共组织提供专业金融服务。
DFH vs PIPR — 直观对比
营收规模更大
DFH
是对方的1.8倍
$667.0M
营收增速更快
PIPR
高出59.7%
-22.3%
净利率更高
PIPR
高出12.2%
4.8%
两年增速更快
PIPR
近两年复合增速
21.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $667.0M |
| 净利润 | $58.8M | $114.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 28.3% |
| 净利率 | 4.8% | 17.1% |
| 营收同比 | -22.3% | 37.4% |
| 净利润同比 | -54.9% | 65.0% |
| 每股收益（稀释后） | $0.57 | $6.41 |
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DFHPIPR
| Q4 25 | $1.2B | $667.0M | ||
| Q3 25 | $969.8M | $480.1M | ||
| Q2 25 | $1.2B | $398.6M | ||
| Q1 25 | $989.9M | $358.6M | ||
| Q4 24 | $1.6B | $485.4M | ||
| Q3 24 | $1.0B | $360.9M | ||
| Q2 24 | $1.1B | $340.8M | ||
| Q1 24 | $827.8M | $344.4M |
净利润DFHPIPR
| Q4 25 | $58.8M | $114.0M | ||
| Q3 25 | $47.0M | $60.3M | ||
| Q2 25 | $56.6M | $42.2M | ||
| Q1 25 | $54.9M | $64.9M | ||
| Q4 24 | $130.5M | $69.1M | ||
| Q3 24 | $70.7M | $34.8M | ||
| Q2 24 | $80.9M | $34.8M | ||
| Q1 24 | $54.5M | $42.5M |
毛利率DFHPIPR
| 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DFHPIPR
| Q4 25 | 6.4% | 28.3% | ||
| Q3 25 | 6.3% | 22.4% | ||
| Q2 25 | 6.4% | 12.3% | ||
| Q1 25 | 7.2% | 8.2% | ||
| Q4 24 | 10.8% | 16.9% | ||
| Q3 24 | 9.2% | 15.4% | ||
| Q2 24 | 10.0% | 8.3% | ||
| Q1 24 | 8.6% | 15.2% |
净利率DFHPIPR
| Q4 25 | 4.8% | 17.1% | ||
| Q3 25 | 4.8% | 12.6% | ||
| Q2 25 | 4.9% | 10.6% | ||
| Q1 25 | 5.5% | 18.1% | ||
| Q4 24 | 8.4% | 14.2% | ||
| Q3 24 | 7.0% | 9.6% | ||
| Q2 24 | 7.7% | 10.2% | ||
| Q1 24 | 6.6% | 12.3% |
每股收益（稀释后）DFHPIPR
| Q4 25 | $0.57 | $6.41 | ||
| Q3 25 | $0.47 | $3.38 | ||
| Q2 25 | $0.56 | $2.38 | ||
| Q1 25 | $0.54 | $3.65 | ||
| Q4 24 | $1.28 | $3.88 | ||
| Q3 24 | $0.70 | $1.96 | ||
| Q2 24 | $0.81 | $1.97 | ||
| Q1 24 | $0.55 | $2.43 |
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 | — |
| 股东权益账面价值 | $1.4B | $1.4B |
| 总资产 | $3.7B | $2.6B |
| 负债/权益比越低杠杆越低 | 1.13× | — |
8季度趋势，按日历期对齐
现金及短期投资DFHPIPR
| Q4 25 | $234.8M | — | ||
| Q3 25 | $251.0M | — | ||
| Q2 25 | $210.3M | — | ||
| Q1 25 | $297.5M | — | ||
| Q4 24 | $274.4M | — | ||
| Q3 24 | $204.9M | — | ||
| Q2 24 | $274.8M | — | ||
| Q1 24 | $239.4M | — |
总债务DFHPIPR
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFHPIPR
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $968.7M | $1.1B |
总资产DFHPIPR
| Q4 25 | $3.7B | $2.6B | ||
| Q3 25 | $3.8B | $2.2B | ||
| Q2 25 | $3.7B | $2.0B | ||
| Q1 25 | $3.5B | $1.8B | ||
| Q4 24 | $3.3B | $2.3B | ||
| Q3 24 | $3.3B | $2.0B | ||
| Q2 24 | $3.0B | $1.9B | ||
| Q1 24 | $2.7B | $1.8B |
负债/权益比DFHPIPR
| Q4 25 | 1.13× | — | ||
| 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 | $729.8M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 2.44× | 6.40× |
| 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DFHPIPR
| Q4 25 | $143.6M | $729.8M | ||
| Q3 25 | $-131.0M | $31.9M | ||
| Q2 25 | $-68.5M | $32.1M | ||
| Q1 25 | $-44.7M | $-207.2M | ||
| Q4 24 | $306.5M | $163.8M | ||
| Q3 24 | $-205.0M | $80.1M | ||
| Q2 24 | $-110.6M | $266.5M | ||
| Q1 24 | $-247.5M | $-197.2M |
自由现金流DFHPIPR
| Q4 25 | $136.0M | — | ||
| Q3 25 | $-135.7M | — | ||
| Q2 25 | $-78.8M | — | ||
| Q1 25 | $-47.9M | — | ||
| Q4 24 | $302.6M | — | ||
| Q3 24 | $-222.5M | — | ||
| Q2 24 | $-112.4M | — | ||
| Q1 24 | $-249.6M | — |
自由现金流率DFHPIPR
| Q4 25 | 11.2% | — | ||
| Q3 25 | -14.0% | — | ||
| Q2 25 | -6.8% | — | ||
| Q1 25 | -4.8% | — | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | -22.1% | — | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | -30.2% | — |
资本支出强度DFHPIPR
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 1.7% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.3% | — |
现金转化率DFHPIPR
| Q4 25 | 2.44× | 6.40× | ||
| Q3 25 | -2.79× | 0.53× | ||
| Q2 25 | -1.21× | 0.76× | ||
| Q1 25 | -0.81× | -3.19× | ||
| Q4 24 | 2.35× | 2.37× | ||
| Q3 24 | -2.90× | 2.30× | ||
| Q2 24 | -1.37× | 7.66× | ||
| Q1 24 | -4.54× | -4.64× |
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% |
PIPR
| Advisory Services | $402.6M | 60% |
| Equities Financing | $66.7M | 10% |
| Equity Salesand Trading | $64.2M | 10% |
| Fixed Income Salesand Trading | $47.9M | 7% |
| Other | $46.7M | 7% |
| Debt Financing | $38.9M | 6% |
