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Dream Finders Homes, Inc.（DFH）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.5倍（$1.2B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 4.8%，领先8.4%），Rithm Capital Corp.同比增速更快（508.5% vs -22.3%），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
DFH vs RITM — 直观对比
营收规模更大
DFH
是对方的1.5倍
$828.2M
营收增速更快
RITM
高出530.7%
-22.3%
净利率更高
RITM
高出8.4%
4.8%
两年增速更快
DFH
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $828.2M |
| 净利润 | $58.8M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 29.9% |
| 净利率 | 4.8% | 13.2% |
| 营收同比 | -22.3% | 508.5% |
| 净利润同比 | -54.9% | 27.7% |
| 每股收益（稀释后） | $0.57 | $0.12 |
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DFHRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.2B | $1.5B | ||
| Q3 25 | $969.8M | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $989.9M | $768.4M | ||
| Q4 24 | $1.6B | $2.1B | ||
| Q3 24 | $1.0B | $619.5M | ||
| Q2 24 | $1.1B | $1.2B |
净利润DFHRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $58.8M | $85.0M | ||
| Q3 25 | $47.0M | $221.5M | ||
| Q2 25 | $56.6M | $311.7M | ||
| Q1 25 | $54.9M | $78.8M | ||
| Q4 24 | $130.5M | $290.2M | ||
| Q3 24 | $70.7M | $121.7M | ||
| Q2 24 | $80.9M | $235.6M |
毛利率DFHRITM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — |
营业利润率DFHRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 6.4% | 13.8% | ||
| Q3 25 | 6.3% | 21.4% | ||
| Q2 25 | 6.4% | 25.2% | ||
| Q1 25 | 7.2% | 7.4% | ||
| Q4 24 | 10.8% | 23.8% | ||
| Q3 24 | 9.2% | 7.3% | ||
| Q2 24 | 10.0% | 23.6% |
净利率DFHRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 4.8% | 5.7% | ||
| Q3 25 | 4.8% | 20.0% | ||
| Q2 25 | 4.9% | 25.6% | ||
| Q1 25 | 5.5% | 10.3% | ||
| Q4 24 | 8.4% | 14.0% | ||
| Q3 24 | 7.0% | 19.7% | ||
| Q2 24 | 7.7% | 19.2% |
每股收益（稀释后）DFHRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.57 | $0.09 | ||
| Q3 25 | $0.47 | $0.35 | ||
| Q2 25 | $0.56 | $0.53 | ||
| Q1 25 | $0.54 | $0.07 | ||
| Q4 24 | $1.28 | $0.50 | ||
| Q3 24 | $0.70 | $0.20 | ||
| Q2 24 | $0.81 | $0.43 |
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 | $9.1B |
| 总资产 | $3.7B | $53.4B |
| 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DFHRITM
| Q1 26 | — | — | ||
| Q4 25 | $234.8M | $1.8B | ||
| Q3 25 | $251.0M | $1.6B | ||
| Q2 25 | $210.3M | $1.6B | ||
| Q1 25 | $297.5M | $1.5B | ||
| Q4 24 | $274.4M | $1.5B | ||
| Q3 24 | $204.9M | $1.6B | ||
| Q2 24 | $274.8M | $1.2B |
总债务DFHRITM
| Q1 26 | — | — | ||
| Q4 25 | $1.6B | $35.4B | ||
| Q3 25 | $1.8B | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | $1.3B | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益DFHRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.4B | $8.4B | ||
| Q3 25 | $1.4B | $8.5B | ||
| Q2 25 | $1.3B | $7.9B | ||
| Q1 25 | $1.3B | $7.8B | ||
| Q4 24 | $1.2B | $7.8B | ||
| Q3 24 | $1.1B | $7.7B | ||
| Q2 24 | $1.0B | $7.3B |
总资产DFHRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $3.7B | $53.1B | ||
| Q3 25 | $3.8B | $47.2B | ||
| Q2 25 | $3.7B | $44.3B | ||
| Q1 25 | $3.5B | $45.3B | ||
| Q4 24 | $3.3B | $46.0B | ||
| Q3 24 | $3.3B | $42.3B | ||
| Q2 24 | $3.0B | $42.0B |
负债/权益比DFHRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.13× | 4.20× | ||
| Q3 25 | 1.29× | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | 1.03× | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 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× | — |
| 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DFHRITM
| Q1 26 | — | — | ||
| Q4 25 | $143.6M | $-114.6M | ||
| Q3 25 | $-131.0M | $-2.0B | ||
| Q2 25 | $-68.5M | $-557.1M | ||
| Q1 25 | $-44.7M | $1.4B | ||
| Q4 24 | $306.5M | $-1.8B | ||
| Q3 24 | $-205.0M | $768.1M | ||
| Q2 24 | $-110.6M | $-55.7M |
自由现金流DFHRITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率DFHRITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度DFHRITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率DFHRITM
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | -1.35× | ||
| Q3 25 | -2.79× | -9.22× | ||
| Q2 25 | -1.21× | -1.79× | ||
| Q1 25 | -0.81× | 18.03× | ||
| Q4 24 | 2.35× | -6.04× | ||
| Q3 24 | -2.90× | 6.31× | ||
| Q2 24 | -1.37× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
