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Dream Finders Homes, Inc.（DFH）与Sylvamo Corp（SLVM）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Sylvamo Corp的1.6倍（$1.2B vs $755.0M），Dream Finders Homes, Inc.净利率更高（4.8% vs -0.4%，领先5.2%），Sylvamo Corp同比增速更快（-8.0% vs -22.3%），Dream Finders Homes, Inc.自由现金流更多（$136.0M vs $-59.0M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -10.0%）
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。
西尔瓦莫公司是全球领先的可持续纸浆与纸品生产商，核心产品包括非涂布印刷纸、包装纸及商用纸浆，业务覆盖北美、欧洲、拉美地区，服务办公耗材、出版、商业印刷、包装等多个领域。
DFH vs SLVM — 直观对比
营收规模更大
DFH
是对方的1.6倍
$755.0M
营收增速更快
SLVM
高出14.2%
-22.3%
净利率更高
DFH
高出5.2%
-0.4%
自由现金流更多
DFH
多$195.0M
$-59.0M
两年增速更快
DFH
近两年复合增速
-10.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $755.0M |
| 净利润 | $58.8M | $-3.0M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | — |
| 净利率 | 4.8% | -0.4% |
| 营收同比 | -22.3% | -8.0% |
| 净利润同比 | -54.9% | — |
| 每股收益（稀释后） | $0.57 | $-0.08 |
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DFHSLVM
| Q1 26 | — | $755.0M | ||
| Q4 25 | $1.2B | $890.0M | ||
| Q3 25 | $969.8M | $846.0M | ||
| Q2 25 | $1.2B | $794.0M | ||
| Q1 25 | $989.9M | $821.0M | ||
| Q4 24 | $1.6B | $970.0M | ||
| Q3 24 | $1.0B | $965.0M | ||
| Q2 24 | $1.1B | $933.0M |
净利润DFHSLVM
| Q1 26 | — | $-3.0M | ||
| Q4 25 | $58.8M | $33.0M | ||
| Q3 25 | $47.0M | $57.0M | ||
| Q2 25 | $56.6M | $15.0M | ||
| Q1 25 | $54.9M | $27.0M | ||
| Q4 24 | $130.5M | $81.0M | ||
| Q3 24 | $70.7M | $95.0M | ||
| Q2 24 | $80.9M | $83.0M |
毛利率DFHSLVM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — |
营业利润率DFHSLVM
| Q1 26 | — | — | ||
| Q4 25 | 6.4% | 8.9% | ||
| Q3 25 | 6.3% | 11.6% | ||
| Q2 25 | 6.4% | 3.8% | ||
| Q1 25 | 7.2% | 5.4% | ||
| Q4 24 | 10.8% | 11.2% | ||
| Q3 24 | 9.2% | 15.5% | ||
| Q2 24 | 10.0% | 13.1% |
净利率DFHSLVM
| Q1 26 | — | -0.4% | ||
| Q4 25 | 4.8% | 3.7% | ||
| Q3 25 | 4.8% | 6.7% | ||
| Q2 25 | 4.9% | 1.9% | ||
| Q1 25 | 5.5% | 3.3% | ||
| Q4 24 | 8.4% | 8.4% | ||
| Q3 24 | 7.0% | 9.8% | ||
| Q2 24 | 7.7% | 8.9% |
每股收益（稀释后）DFHSLVM
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $0.57 | $0.81 | ||
| Q3 25 | $0.47 | $1.41 | ||
| Q2 25 | $0.56 | $0.37 | ||
| Q1 25 | $0.54 | $0.65 | ||
| Q4 24 | $1.28 | $1.91 | ||
| Q3 24 | $0.70 | $2.27 | ||
| Q2 24 | $0.81 | $1.98 |
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 | $766.0M |
| 股东权益账面价值 | $1.4B | $979.0M |
| 总资产 | $3.7B | $2.8B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.78× |
8季度趋势，按日历期对齐
现金及短期投资DFHSLVM
| Q1 26 | — | — | ||
| Q4 25 | $234.8M | $198.0M | ||
| Q3 25 | $251.0M | $146.0M | ||
| Q2 25 | $210.3M | $183.0M | ||
| Q1 25 | $297.5M | $220.0M | ||
| Q4 24 | $274.4M | $309.0M | ||
| Q3 24 | $204.9M | $414.0M | ||
| Q2 24 | $274.8M | $213.0M |
总债务DFHSLVM
| Q1 26 | — | $766.0M | ||
| Q4 25 | $1.6B | $763.0M | ||
| Q3 25 | $1.8B | $778.0M | ||
| Q2 25 | — | $767.0M | ||
| Q1 25 | — | $794.0M | ||
| Q4 24 | $1.3B | $782.0M | ||
| Q3 24 | — | $883.0M | ||
| Q2 24 | — | $894.0M |
股东权益DFHSLVM
| Q1 26 | — | $979.0M | ||
| Q4 25 | $1.4B | $966.0M | ||
| Q3 25 | $1.4B | $977.0M | ||
| Q2 25 | $1.3B | $959.0M | ||
| Q1 25 | $1.3B | $908.0M | ||
| Q4 24 | $1.2B | $847.0M | ||
| Q3 24 | $1.1B | $937.0M | ||
| Q2 24 | $1.0B | $830.0M |
总资产DFHSLVM
| Q1 26 | — | $2.8B | ||
| Q4 25 | $3.7B | $2.8B | ||
| Q3 25 | $3.8B | $2.7B | ||
| Q2 25 | $3.7B | $2.7B | ||
| Q1 25 | $3.5B | $2.6B | ||
| Q4 24 | $3.3B | $2.6B | ||
| Q3 24 | $3.3B | $2.9B | ||
| Q2 24 | $3.0B | $2.7B |
负债/权益比DFHSLVM
| Q1 26 | — | 0.78× | ||
| Q4 25 | 1.13× | 0.79× | ||
| Q3 25 | 1.29× | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | 1.03× | 0.92× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 1.08× |
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 | $-59.0M |
| 自由现金流率自由现金流/营收 | 11.2% | -7.8% |
| 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 | $10.0M |
8季度趋势，按日历期对齐
经营现金流DFHSLVM
| Q1 26 | — | — | ||
| Q4 25 | $143.6M | $94.0M | ||
| Q3 25 | $-131.0M | $87.0M | ||
| Q2 25 | $-68.5M | $64.0M | ||
| Q1 25 | $-44.7M | $23.0M | ||
| Q4 24 | $306.5M | $164.0M | ||
| Q3 24 | $-205.0M | $163.0M | ||
| Q2 24 | $-110.6M | $115.0M |
自由现金流DFHSLVM
| Q1 26 | — | $-59.0M | ||
| Q4 25 | $136.0M | $38.0M | ||
| Q3 25 | $-135.7M | $33.0M | ||
| Q2 25 | $-78.8M | $-2.0M | ||
| Q1 25 | $-47.9M | $-25.0M | ||
| Q4 24 | $302.6M | $100.0M | ||
| Q3 24 | $-222.5M | $119.0M | ||
| Q2 24 | $-112.4M | $62.0M |
自由现金流率DFHSLVM
| Q1 26 | — | -7.8% | ||
| Q4 25 | 11.2% | 4.3% | ||
| Q3 25 | -14.0% | 3.9% | ||
| Q2 25 | -6.8% | -0.3% | ||
| Q1 25 | -4.8% | -3.0% | ||
| Q4 24 | 19.4% | 10.3% | ||
| Q3 24 | -22.1% | 12.3% | ||
| Q2 24 | -10.6% | 6.6% |
资本支出强度DFHSLVM
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 6.3% | ||
| Q3 25 | 0.5% | 6.4% | ||
| Q2 25 | 0.9% | 8.3% | ||
| Q1 25 | 0.3% | 5.8% | ||
| Q4 24 | 0.3% | 6.6% | ||
| Q3 24 | 1.7% | 4.6% | ||
| Q2 24 | 0.2% | 5.7% |
现金转化率DFHSLVM
| Q1 26 | — | — | ||
| Q4 25 | 2.44× | 2.85× | ||
| Q3 25 | -2.79× | 1.53× | ||
| Q2 25 | -1.21× | 4.27× | ||
| Q1 25 | -0.81× | 0.85× | ||
| Q4 24 | 2.35× | 2.02× | ||
| Q3 24 | -2.90× | 1.72× | ||
| Q2 24 | -1.37× | 1.39× |
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% |
SLVM
| North America | $390.0M | 52% |
| Europe | $190.0M | 25% |
| Latin America | $187.0M | 25% |
