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Dream Finders Homes, Inc.（DFH）与泰瑞达（TER）财务数据对比。点击上方公司名可切换其他公司
Dream Finders Homes, Inc.的季度营收约是泰瑞达的1.1倍（$1.2B vs $1.1B），泰瑞达净利率更高（23.7% vs 4.8%，领先18.9%），泰瑞达同比增速更快（43.9% vs -22.3%），泰瑞达自由现金流更多（$218.8M vs $136.0M），过去两年泰瑞达的营收复合增速更高（34.4% 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。
泰瑞达是总部位于美国马萨诸塞州北雷丁的自动测试设备（ATE）设计及制造企业，在全球半导体测试领域拥有深厚技术积累，服务的知名客户涵盖三星、高通、英特尔、亚德诺、德州仪器、IBM等行业头部企业。
DFH vs TER — 直观对比
营收规模更大
DFH
是对方的1.1倍
$1.1B
营收增速更快
TER
高出66.2%
-22.3%
净利率更高
TER
高出18.9%
4.8%
自由现金流更多
TER
多$82.7M
$136.0M
两年增速更快
TER
近两年复合增速
21.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.1B |
| 净利润 | $58.8M | $257.2M |
| 毛利率 | — | 57.2% |
| 营业利润率 | 6.4% | 27.1% |
| 净利率 | 4.8% | 23.7% |
| 营收同比 | -22.3% | 43.9% |
| 净利润同比 | -54.9% | 75.9% |
| 每股收益（稀释后） | $0.57 | $1.62 |
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DFHTER
| Q4 25 | $1.2B | $1.1B | ||
| Q3 25 | $969.8M | $769.2M | ||
| Q2 25 | $1.2B | $651.8M | ||
| Q1 25 | $989.9M | $685.7M | ||
| Q4 24 | $1.6B | $752.9M | ||
| Q3 24 | $1.0B | $737.3M | ||
| Q2 24 | $1.1B | $729.9M | ||
| Q1 24 | $827.8M | $599.8M |
净利润DFHTER
| Q4 25 | $58.8M | $257.2M | ||
| Q3 25 | $47.0M | $119.6M | ||
| Q2 25 | $56.6M | $78.4M | ||
| Q1 25 | $54.9M | $98.9M | ||
| Q4 24 | $130.5M | $146.3M | ||
| Q3 24 | $70.7M | $145.6M | ||
| Q2 24 | $80.9M | $186.3M | ||
| Q1 24 | $54.5M | $64.2M |
毛利率DFHTER
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | 19.2% | 58.3% | ||
| Q1 24 | 18.0% | 56.6% |
营业利润率DFHTER
| Q4 25 | 6.4% | 27.1% | ||
| Q3 25 | 6.3% | 18.9% | ||
| Q2 25 | 6.4% | 13.9% | ||
| Q1 25 | 7.2% | 17.6% | ||
| Q4 24 | 10.8% | 20.4% | ||
| Q3 24 | 9.2% | 20.6% | ||
| Q2 24 | 10.0% | 28.8% | ||
| Q1 24 | 8.6% | 13.0% |
净利率DFHTER
| Q4 25 | 4.8% | 23.7% | ||
| Q3 25 | 4.8% | 15.5% | ||
| Q2 25 | 4.9% | 12.0% | ||
| Q1 25 | 5.5% | 14.4% | ||
| Q4 24 | 8.4% | 19.4% | ||
| Q3 24 | 7.0% | 19.8% | ||
| Q2 24 | 7.7% | 25.5% | ||
| Q1 24 | 6.6% | 10.7% |
每股收益（稀释后）DFHTER
| Q4 25 | $0.57 | $1.62 | ||
| Q3 25 | $0.47 | $0.75 | ||
| Q2 25 | $0.56 | $0.49 | ||
| Q1 25 | $0.54 | $0.61 | ||
| Q4 24 | $1.28 | $0.89 | ||
| Q3 24 | $0.70 | $0.89 | ||
| Q2 24 | $0.81 | $1.14 | ||
| Q1 24 | $0.55 | $0.40 |
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 | $293.8M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $2.8B |
| 总资产 | $3.7B | $4.2B |
| 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DFHTER
| Q4 25 | $234.8M | $293.8M | ||
| Q3 25 | $251.0M | $272.7M | ||
| Q2 25 | $210.3M | $339.3M | ||
| Q1 25 | $297.5M | $475.6M | ||
| Q4 24 | $274.4M | $553.4M | ||
| Q3 24 | $204.9M | $510.0M | ||
| Q2 24 | $274.8M | $421.9M | ||
| Q1 24 | $239.4M | $707.4M |
总债务DFHTER
| 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DFHTER
| Q4 25 | $1.4B | $2.8B | ||
| Q3 25 | $1.4B | $2.7B | ||
| Q2 25 | $1.3B | $2.8B | ||
| Q1 25 | $1.3B | $2.8B | ||
| Q4 24 | $1.2B | $2.8B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.0B | $2.7B | ||
| Q1 24 | $968.7M | $2.6B |
总资产DFHTER
| Q4 25 | $3.7B | $4.2B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $3.7B | $3.8B | ||
| Q1 25 | $3.5B | $3.7B | ||
| Q4 24 | $3.3B | $3.7B | ||
| Q3 24 | $3.3B | $3.8B | ||
| Q2 24 | $3.0B | $3.6B | ||
| Q1 24 | $2.7B | $3.4B |
负债/权益比DFHTER
| 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 | $281.6M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $218.8M |
| 自由现金流率自由现金流/营收 | 11.2% | 20.2% |
| 资本支出强度资本支出/营收 | 0.6% | 5.8% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.09× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $450.4M |
8季度趋势，按日历期对齐
经营现金流DFHTER
| Q4 25 | $143.6M | $281.6M | ||
| Q3 25 | $-131.0M | $49.0M | ||
| Q2 25 | $-68.5M | $182.1M | ||
| Q1 25 | $-44.7M | $161.6M | ||
| Q4 24 | $306.5M | $282.6M | ||
| Q3 24 | $-205.0M | $166.3M | ||
| Q2 24 | $-110.6M | $216.1M | ||
| Q1 24 | $-247.5M | $7.3M |
自由现金流DFHTER
| Q4 25 | $136.0M | $218.8M | ||
| Q3 25 | $-135.7M | $2.4M | ||
| Q2 25 | $-78.8M | $131.7M | ||
| Q1 25 | $-47.9M | $97.6M | ||
| Q4 24 | $302.6M | $225.2M | ||
| Q3 24 | $-222.5M | $114.4M | ||
| Q2 24 | $-112.4M | $171.2M | ||
| Q1 24 | $-249.6M | $-36.7M |
自由现金流率DFHTER
| Q4 25 | 11.2% | 20.2% | ||
| Q3 25 | -14.0% | 0.3% | ||
| Q2 25 | -6.8% | 20.2% | ||
| Q1 25 | -4.8% | 14.2% | ||
| Q4 24 | 19.4% | 29.9% | ||
| Q3 24 | -22.1% | 15.5% | ||
| Q2 24 | -10.6% | 23.5% | ||
| Q1 24 | -30.2% | -6.1% |
资本支出强度DFHTER
| Q4 25 | 0.6% | 5.8% | ||
| Q3 25 | 0.5% | 6.1% | ||
| Q2 25 | 0.9% | 7.7% | ||
| Q1 25 | 0.3% | 9.3% | ||
| Q4 24 | 0.3% | 7.6% | ||
| Q3 24 | 1.7% | 7.0% | ||
| Q2 24 | 0.2% | 6.1% | ||
| Q1 24 | 0.3% | 7.3% |
现金转化率DFHTER
| Q4 25 | 2.44× | 1.09× | ||
| Q3 25 | -2.79× | 0.41× | ||
| Q2 25 | -1.21× | 2.32× | ||
| Q1 25 | -0.81× | 1.63× | ||
| Q4 24 | 2.35× | 1.93× | ||
| Q3 24 | -2.90× | 1.14× | ||
| Q2 24 | -1.37× | 1.16× | ||
| Q1 24 | -4.54× | 0.11× |
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% |
TER
| Soc | $646.5M | 60% |
| Memory | $206.5M | 19% |
| Transferred At Point In Time | $90.0M | 8% |
| Universal Robots | $89.4M | 8% |
| IST | $30.5M | 3% |
| Transferred Over Time | $20.5M | 2% |
