vs
Dream Finders Homes, Inc.（DFH）与SCANSOURCE, INC.（SCSC）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SCANSOURCE, INC.的1.6倍（$1.2B vs $766.5M），Dream Finders Homes, Inc.净利率更高（4.8% vs 2.2%，领先2.7%），SCANSOURCE, INC.同比增速更快（2.5% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $28.9M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 0.9%）
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。
ScanSource是全球领先的专业技术分销商，主营销售点系统、条码扫描设备、网络安全产品、云服务及通信解决方案，面向北美、拉美、欧洲的增值经销商、服务提供商及企业客户，覆盖零售、医疗、工业、公共部门等领域。
DFH vs SCSC — 直观对比
营收规模更大
DFH
是对方的1.6倍
$766.5M
营收增速更快
SCSC
高出24.8%
-22.3%
净利率更高
DFH
高出2.7%
2.2%
自由现金流更多
DFH
多$107.2M
$28.9M
两年增速更快
DFH
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $766.5M |
| 净利润 | $58.8M | $16.5M |
| 毛利率 | — | 13.4% |
| 营业利润率 | 6.4% | 2.3% |
| 净利率 | 4.8% | 2.2% |
| 营收同比 | -22.3% | 2.5% |
| 净利润同比 | -54.9% | -3.3% |
| 每股收益（稀释后） | $0.57 | $0.75 |
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DFHSCSC
| Q4 25 | $1.2B | $766.5M | ||
| Q3 25 | $969.8M | $739.6M | ||
| Q2 25 | $1.2B | $812.9M | ||
| Q1 25 | $989.9M | $704.8M | ||
| Q4 24 | $1.6B | $747.5M | ||
| Q3 24 | $1.0B | $775.6M | ||
| Q2 24 | $1.1B | $746.1M | ||
| Q1 24 | $827.8M | $752.6M |
净利润DFHSCSC
| Q4 25 | $58.8M | $16.5M | ||
| Q3 25 | $47.0M | $19.9M | ||
| Q2 25 | $56.6M | $20.1M | ||
| Q1 25 | $54.9M | $17.4M | ||
| Q4 24 | $130.5M | $17.1M | ||
| Q3 24 | $70.7M | $17.0M | ||
| Q2 24 | $80.9M | $16.1M | ||
| Q1 24 | $54.5M | $12.8M |
毛利率DFHSCSC
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | 19.2% | 13.0% | ||
| Q1 24 | 18.0% | 12.6% |
营业利润率DFHSCSC
| Q4 25 | 6.4% | 2.3% | ||
| Q3 25 | 6.3% | 3.5% | ||
| Q2 25 | 6.4% | 3.3% | ||
| Q1 25 | 7.2% | 3.2% | ||
| Q4 24 | 10.8% | 2.5% | ||
| Q3 24 | 9.2% | 2.3% | ||
| Q2 24 | 10.0% | 2.9% | ||
| Q1 24 | 8.6% | 2.3% |
净利率DFHSCSC
| Q4 25 | 4.8% | 2.2% | ||
| Q3 25 | 4.8% | 2.7% | ||
| Q2 25 | 4.9% | 2.5% | ||
| Q1 25 | 5.5% | 2.5% | ||
| Q4 24 | 8.4% | 2.3% | ||
| Q3 24 | 7.0% | 2.2% | ||
| Q2 24 | 7.7% | 2.2% | ||
| Q1 24 | 6.6% | 1.7% |
每股收益（稀释后）DFHSCSC
| Q4 25 | $0.57 | $0.75 | ||
| Q3 25 | $0.47 | $0.89 | ||
| Q2 25 | $0.56 | $0.87 | ||
| Q1 25 | $0.54 | $0.74 | ||
| Q4 24 | $1.28 | $0.70 | ||
| Q3 24 | $0.70 | $0.69 | ||
| Q2 24 | $0.81 | $0.66 | ||
| Q1 24 | $0.55 | $0.50 |
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 | $83.5M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $910.9M |
| 总资产 | $3.7B | $1.7B |
| 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DFHSCSC
| Q4 25 | $234.8M | $83.5M | ||
| Q3 25 | $251.0M | $124.9M | ||
| Q2 25 | $210.3M | $126.2M | ||
| Q1 25 | $297.5M | $146.3M | ||
| Q4 24 | $274.4M | $110.5M | ||
| Q3 24 | $204.9M | $145.0M | ||
| Q2 24 | $274.8M | $185.5M | ||
| Q1 24 | $239.4M | $159.1M |
总债务DFHSCSC
| 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DFHSCSC
| Q4 25 | $1.4B | $910.9M | ||
| Q3 25 | $1.4B | $914.0M | ||
| Q2 25 | $1.3B | $906.4M | ||
| Q1 25 | $1.3B | $901.7M | ||
| Q4 24 | $1.2B | $900.7M | ||
| Q3 24 | $1.1B | $920.9M | ||
| Q2 24 | $1.0B | $924.3M | ||
| Q1 24 | $968.7M | $944.1M |
总资产DFHSCSC
| Q4 25 | $3.7B | $1.7B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.7B | $1.8B | ||
| Q1 25 | $3.5B | $1.7B | ||
| Q4 24 | $3.3B | $1.7B | ||
| Q3 24 | $3.3B | $1.8B | ||
| Q2 24 | $3.0B | $1.8B | ||
| Q1 24 | $2.7B | $1.8B |
负债/权益比DFHSCSC
| 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 | $30.8M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $28.9M |
| 自由现金流率自由现金流/营收 | 11.2% | 3.8% |
| 资本支出强度资本支出/营收 | 0.6% | 0.3% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.87× |
| 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DFHSCSC
| Q4 25 | $143.6M | $30.8M | ||
| Q3 25 | $-131.0M | $23.2M | ||
| Q2 25 | $-68.5M | — | ||
| Q1 25 | $-44.7M | $66.1M | ||
| Q4 24 | $306.5M | $-6.2M | ||
| Q3 24 | $-205.0M | $44.8M | ||
| Q2 24 | $-110.6M | — | ||
| Q1 24 | $-247.5M | $160.2M |
自由现金流DFHSCSC
| Q4 25 | $136.0M | $28.9M | ||
| Q3 25 | $-135.7M | $20.8M | ||
| Q2 25 | $-78.8M | — | ||
| Q1 25 | $-47.9M | $64.6M | ||
| Q4 24 | $302.6M | $-8.2M | ||
| Q3 24 | $-222.5M | $42.5M | ||
| Q2 24 | $-112.4M | — | ||
| Q1 24 | $-249.6M | $157.7M |
自由现金流率DFHSCSC
| Q4 25 | 11.2% | 3.8% | ||
| Q3 25 | -14.0% | 2.8% | ||
| Q2 25 | -6.8% | — | ||
| Q1 25 | -4.8% | 9.2% | ||
| Q4 24 | 19.4% | -1.1% | ||
| Q3 24 | -22.1% | 5.5% | ||
| Q2 24 | -10.6% | — | ||
| Q1 24 | -30.2% | 21.0% |
资本支出强度DFHSCSC
| Q4 25 | 0.6% | 0.3% | ||
| Q3 25 | 0.5% | 0.3% | ||
| Q2 25 | 0.9% | 0.3% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 1.7% | 0.3% | ||
| Q2 24 | 0.2% | 0.2% | ||
| Q1 24 | 0.3% | 0.3% |
现金转化率DFHSCSC
| Q4 25 | 2.44× | 1.87× | ||
| Q3 25 | -2.79× | 1.17× | ||
| Q2 25 | -1.21× | — | ||
| Q1 25 | -0.81× | 3.79× | ||
| Q4 24 | 2.35× | -0.36× | ||
| Q3 24 | -2.90× | 2.64× | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -4.54× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
