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Dream Finders Homes, Inc.（DFH）与TreeHouse Foods, Inc.（THS）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TreeHouse Foods, Inc.的1.4倍（$1.2B vs $840.3M），Dream Finders Homes, Inc.净利率更高（4.8% vs -31.6%，领先36.5%），TreeHouse Foods, Inc.同比增速更快（0.1% vs -22.3%），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -3.9%）
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。
树屋食品公司是一家跨国食品加工企业，主打贴牌包装食品生产，总部位于美国伊利诺伊州奥克布鲁克，2005年成立后完全通过收购拓展业务。2010年该公司销售额达20亿美元，在20座工厂拥有超4000名员工，曾获评《食品加工》杂志2010年度加工企业，被称为“你没听过的大型企业”。
DFH vs THS — 直观对比
营收规模更大
DFH
是对方的1.4倍
$840.3M
营收增速更快
THS
高出22.4%
-22.3%
净利率更高
DFH
高出36.5%
-31.6%
两年增速更快
DFH
近两年复合增速
-3.9%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $840.3M |
| 净利润 | $58.8M | $-265.8M |
| 毛利率 | — | 18.8% |
| 营业利润率 | 6.4% | -30.2% |
| 净利率 | 4.8% | -31.6% |
| 营收同比 | -22.3% | 0.1% |
| 净利润同比 | -54.9% | -7717.6% |
| 每股收益（稀释后） | $0.57 | $-5.26 |
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DFHTHS
| Q4 25 | $1.2B | — | ||
| Q3 25 | $969.8M | $840.3M | ||
| Q2 25 | $1.2B | $798.0M | ||
| Q1 25 | $989.9M | $792.0M | ||
| Q4 24 | $1.6B | $905.7M | ||
| Q3 24 | $1.0B | $839.1M | ||
| Q2 24 | $1.1B | $788.5M | ||
| Q1 24 | $827.8M | $820.7M |
净利润DFHTHS
| Q4 25 | $58.8M | — | ||
| Q3 25 | $47.0M | $-265.8M | ||
| Q2 25 | $56.6M | $-2.9M | ||
| Q1 25 | $54.9M | $-31.8M | ||
| Q4 24 | $130.5M | $58.7M | ||
| Q3 24 | $70.7M | $-3.4M | ||
| Q2 24 | $80.9M | $-16.7M | ||
| Q1 24 | $54.5M | $-11.7M |
毛利率DFHTHS
| Q4 25 | — | — | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 17.4% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 19.5% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | 19.2% | 16.3% | ||
| Q1 24 | 18.0% | 13.6% |
营业利润率DFHTHS
| Q4 25 | 6.4% | — | ||
| Q3 25 | 6.3% | -30.2% | ||
| Q2 25 | 6.4% | 3.4% | ||
| Q1 25 | 7.2% | -0.7% | ||
| Q4 24 | 10.8% | 8.9% | ||
| Q3 24 | 9.2% | 3.8% | ||
| Q2 24 | 10.0% | -0.5% | ||
| Q1 24 | 8.6% | -0.6% |
净利率DFHTHS
| Q4 25 | 4.8% | — | ||
| Q3 25 | 4.8% | -31.6% | ||
| Q2 25 | 4.9% | -0.4% | ||
| Q1 25 | 5.5% | -4.0% | ||
| Q4 24 | 8.4% | 6.5% | ||
| Q3 24 | 7.0% | -0.4% | ||
| Q2 24 | 7.7% | -2.1% | ||
| Q1 24 | 6.6% | -1.4% |
每股收益（稀释后）DFHTHS
| Q4 25 | $0.57 | — | ||
| Q3 25 | $0.47 | $-5.26 | ||
| Q2 25 | $0.56 | $-0.06 | ||
| Q1 25 | $0.54 | $-0.63 | ||
| Q4 24 | $1.28 | $1.12 | ||
| Q3 24 | $0.70 | $-0.07 | ||
| Q2 24 | $0.81 | $-0.32 | ||
| Q1 24 | $0.55 | $-0.22 |
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 | $21.0M |
| 总债务越低越好 | $1.6B | $1.5B |
| 股东权益账面价值 | $1.4B | $1.3B |
| 总资产 | $3.7B | $3.8B |
| 负债/权益比越低杠杆越低 | 1.13× | 1.18× |
8季度趋势，按日历期对齐
现金及短期投资DFHTHS
| Q4 25 | $234.8M | — | ||
| Q3 25 | $251.0M | $21.0M | ||
| Q2 25 | $210.3M | $17.1M | ||
| Q1 25 | $297.5M | $16.4M | ||
| Q4 24 | $274.4M | $289.6M | ||
| Q3 24 | $204.9M | $102.0M | ||
| Q2 24 | $274.8M | $105.8M | ||
| Q1 24 | $239.4M | $191.8M |
总债务DFHTHS
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
股东权益DFHTHS
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.6B | ||
| Q1 24 | $968.7M | $1.6B |
总资产DFHTHS
| Q4 25 | $3.7B | — | ||
| Q3 25 | $3.8B | $3.8B | ||
| Q2 25 | $3.7B | $4.0B | ||
| Q1 25 | $3.5B | $3.9B | ||
| Q4 24 | $3.3B | $4.0B | ||
| Q3 24 | $3.3B | $4.0B | ||
| Q2 24 | $3.0B | $3.9B | ||
| Q1 24 | $2.7B | $4.0B |
负债/权益比DFHTHS
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.29× | 1.18× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | 1.03× | 0.90× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 0.90× | ||
| Q1 24 | — | 0.87× |
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 | $38.2M |
| 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DFHTHS
| Q4 25 | $143.6M | — | ||
| Q3 25 | $-131.0M | $38.2M | ||
| Q2 25 | $-68.5M | $-47.2M | ||
| Q1 25 | $-44.7M | $-53.5M | ||
| Q4 24 | $306.5M | $296.2M | ||
| Q3 24 | $-205.0M | $41.4M | ||
| Q2 24 | $-110.6M | $-19.4M | ||
| Q1 24 | $-247.5M | $-52.4M |
自由现金流DFHTHS
| 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 | $-42.2M | ||
| Q1 24 | $-249.6M | $-80.7M |
自由现金流率DFHTHS
| 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% | -5.4% | ||
| Q1 24 | -30.2% | -9.8% |
资本支出强度DFHTHS
| 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% | 2.9% | ||
| Q1 24 | 0.3% | 3.4% |
现金转化率DFHTHS
| Q4 25 | 2.44× | — | ||
| Q3 25 | -2.79× | — | ||
| Q2 25 | -1.21× | — | ||
| Q1 25 | -0.81× | — | ||
| Q4 24 | 2.35× | 5.05× | ||
| Q3 24 | -2.90× | — | ||
| Q2 24 | -1.37× | — | ||
| Q1 24 | -4.54× | — |
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% |
THS
| Retail Grocery Customers | $670.6M | 80% |
| Food Away From Home And Other | $85.3M | 10% |
| Co Manufacturing | $84.4M | 10% |
