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Dream Finders Homes, Inc.（DFH）与PPL Corporation（PPL）财务数据对比。点击上方公司名可切换其他公司
PPL Corporation的季度营收约是Dream Finders Homes, Inc.的1.9倍（$2.3B vs $1.2B），PPL Corporation净利率更高（11.3% vs 4.8%，领先6.5%），PPL Corporation同比增速更快（7.2% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $-614.0M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 1.0%）
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。
PPL公司是总部位于美国宾夕法尼亚州的能源公用事业控股企业，为宾州、肯塔基州、罗德岛州约350万居民及工商业用户提供电力与天然气供应服务，核心业务方向包括电网现代化升级、清洁能源转型、高可靠性可持续能源服务供给。
DFH vs PPL — 直观对比
营收规模更大
PPL
是对方的1.9倍
$1.2B
营收增速更快
PPL
高出29.5%
-22.3%
净利率更高
PPL
高出6.5%
4.8%
自由现金流更多
DFH
多$750.0M
$-614.0M
两年增速更快
DFH
近两年复合增速
1.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.3B |
| 净利润 | $58.8M | $266.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 20.3% |
| 净利率 | 4.8% | 11.3% |
| 营收同比 | -22.3% | 7.2% |
| 净利润同比 | -54.9% | 50.3% |
| 每股收益（稀释后） | $0.57 | $0.35 |
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DFHPPL
| Q4 25 | $1.2B | $2.3B | ||
| Q3 25 | $969.8M | $2.2B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $989.9M | $2.5B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $827.8M | $2.3B |
净利润DFHPPL
| Q4 25 | $58.8M | $266.0M | ||
| Q3 25 | $47.0M | $318.0M | ||
| Q2 25 | $56.6M | $183.0M | ||
| Q1 25 | $54.9M | $414.0M | ||
| Q4 24 | $130.5M | $177.0M | ||
| Q3 24 | $70.7M | $214.0M | ||
| Q2 24 | $80.9M | $190.0M | ||
| Q1 24 | $54.5M | $307.0M |
毛利率DFHPPL
| 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DFHPPL
| Q4 25 | 6.4% | 20.3% | ||
| Q3 25 | 6.3% | 25.4% | ||
| Q2 25 | 6.4% | 19.9% | ||
| Q1 25 | 7.2% | 26.6% | ||
| Q4 24 | 10.8% | 17.2% | ||
| Q3 24 | 9.2% | 20.6% | ||
| Q2 24 | 10.0% | 20.8% | ||
| Q1 24 | 8.6% | 23.7% |
净利率DFHPPL
| Q4 25 | 4.8% | 11.3% | ||
| Q3 25 | 4.8% | 14.2% | ||
| Q2 25 | 4.9% | 9.0% | ||
| Q1 25 | 5.5% | 16.3% | ||
| Q4 24 | 8.4% | 8.1% | ||
| Q3 24 | 7.0% | 10.3% | ||
| Q2 24 | 7.7% | 10.1% | ||
| Q1 24 | 6.6% | 13.3% |
每股收益（稀释后）DFHPPL
| Q4 25 | $0.57 | $0.35 | ||
| Q3 25 | $0.47 | $0.43 | ||
| Q2 25 | $0.56 | $0.25 | ||
| Q1 25 | $0.54 | $0.56 | ||
| Q4 24 | $1.28 | $0.23 | ||
| Q3 24 | $0.70 | $0.29 | ||
| Q2 24 | $0.81 | $0.26 | ||
| Q1 24 | $0.55 | $0.42 |
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 | $1.1B |
| 总债务越低越好 | $1.6B | $18.9B |
| 股东权益账面价值 | $1.4B | $14.9B |
| 总资产 | $3.7B | $45.2B |
| 负债/权益比越低杠杆越低 | 1.13× | 1.27× |
8季度趋势，按日历期对齐
现金及短期投资DFHPPL
| Q4 25 | $234.8M | $1.1B | ||
| Q3 25 | $251.0M | $1.1B | ||
| Q2 25 | $210.3M | $294.0M | ||
| Q1 25 | $297.5M | $312.0M | ||
| Q4 24 | $274.4M | $306.0M | ||
| Q3 24 | $204.9M | $542.0M | ||
| Q2 24 | $274.8M | $282.0M | ||
| Q1 24 | $239.4M | $276.0M |
总债务DFHPPL
| Q4 25 | $1.6B | $18.9B | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $16.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DFHPPL
| Q4 25 | $1.4B | $14.9B | ||
| Q3 25 | $1.4B | $14.4B | ||
| Q2 25 | $1.3B | $14.3B | ||
| Q1 25 | $1.3B | $14.3B | ||
| Q4 24 | $1.2B | $14.1B | ||
| Q3 24 | $1.1B | $14.1B | ||
| Q2 24 | $1.0B | $14.1B | ||
| Q1 24 | $968.7M | $14.1B |
总资产DFHPPL
| Q4 25 | $3.7B | $45.2B | ||
| Q3 25 | $3.8B | $43.9B | ||
| Q2 25 | $3.7B | $42.4B | ||
| Q1 25 | $3.5B | $41.8B | ||
| Q4 24 | $3.3B | $41.1B | ||
| Q3 24 | $3.3B | $40.5B | ||
| Q2 24 | $3.0B | $39.8B | ||
| Q1 24 | $2.7B | $39.6B |
负债/权益比DFHPPL
| Q4 25 | 1.13× | 1.27× | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | 1.17× | ||
| 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 | $548.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $-614.0M |
| 自由现金流率自由现金流/营收 | 11.2% | -26.1% |
| 资本支出强度资本支出/营收 | 0.6% | 49.5% |
| 现金转化率经营现金流/净利润 | 2.44× | 2.06× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $-1.4B |
8季度趋势，按日历期对齐
经营现金流DFHPPL
| Q4 25 | $143.6M | $548.0M | ||
| Q3 25 | $-131.0M | $966.0M | ||
| Q2 25 | $-68.5M | $602.0M | ||
| Q1 25 | $-44.7M | $513.0M | ||
| Q4 24 | $306.5M | $511.0M | ||
| Q3 24 | $-205.0M | $781.0M | ||
| Q2 24 | $-110.6M | $766.0M | ||
| Q1 24 | $-247.5M | $282.0M |
自由现金流DFHPPL
| Q4 25 | $136.0M | $-614.0M | ||
| Q3 25 | $-135.7M | $-179.0M | ||
| Q2 25 | $-78.8M | $-328.0M | ||
| Q1 25 | $-47.9M | $-280.0M | ||
| Q4 24 | $302.6M | $-349.0M | ||
| Q3 24 | $-222.5M | $102.0M | ||
| Q2 24 | $-112.4M | $96.0M | ||
| Q1 24 | $-249.6M | $-314.0M |
自由现金流率DFHPPL
| Q4 25 | 11.2% | -26.1% | ||
| Q3 25 | -14.0% | -8.0% | ||
| Q2 25 | -6.8% | -16.1% | ||
| Q1 25 | -4.8% | -11.0% | ||
| Q4 24 | 19.4% | -15.9% | ||
| Q3 24 | -22.1% | 4.9% | ||
| Q2 24 | -10.6% | 5.1% | ||
| Q1 24 | -30.2% | -13.6% |
资本支出强度DFHPPL
| Q4 25 | 0.6% | 49.5% | ||
| Q3 25 | 0.5% | 51.2% | ||
| Q2 25 | 0.9% | 45.6% | ||
| Q1 25 | 0.3% | 31.2% | ||
| Q4 24 | 0.3% | 39.3% | ||
| Q3 24 | 1.7% | 32.7% | ||
| Q2 24 | 0.2% | 35.8% | ||
| Q1 24 | 0.3% | 25.9% |
现金转化率DFHPPL
| Q4 25 | 2.44× | 2.06× | ||
| Q3 25 | -2.79× | 3.04× | ||
| Q2 25 | -1.21× | 3.29× | ||
| Q1 25 | -0.81× | 1.24× | ||
| Q4 24 | 2.35× | 2.89× | ||
| Q3 24 | -2.90× | 3.65× | ||
| Q2 24 | -1.37× | 4.03× | ||
| Q1 24 | -4.54× | 0.92× |
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% |
PPL
| Rhode Island Regulated | $539.0M | 23% |
| Other | $532.0M | 23% |
| Residential | $451.0M | 19% |
| Nonrelated Party | $425.0M | 18% |
| Transmission | $228.0M | 10% |
| Commercial | $117.0M | 5% |
| Wholesale Other | $23.0M | 1% |
| Industrial | $14.0M | 1% |
| Related Party | $13.0M | 1% |
| Wholesale Municipal | $6.0M | 0% |
