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Dream Finders Homes, Inc.（DFH）与Tri Pointe Homes, Inc.（TPH）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Tri Pointe Homes, Inc.的1.2倍（$1.2B vs $972.6M）。Tri Pointe Homes, Inc.净利率更高（6.2% vs 4.8%，领先1.3%）。Dream Finders Homes, Inc.同比增速更快（-22.3% vs -22.4%）。Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $136.0M）。过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
DFH vs TPH — 直观对比
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $972.6M |
| 净利润 | $58.8M | $60.2M |
| 毛利率 | — | — |
| 营业利润率 | 6.4% | 8.1% |
| 净利率 | 4.8% | 6.2% |
| 营收同比 | -22.3% | -22.4% |
| 净利润同比 | -54.9% | -53.4% |
| 每股收益（稀释后） | $0.57 | $0.70 |
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
| Q4 25 | $1.2B | $972.6M | ||
| Q3 25 | $969.8M | $854.7M | ||
| Q2 25 | $1.2B | $902.4M | ||
| Q1 25 | $989.9M | $740.9M | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.0B | $1.1B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $827.8M | $939.4M |
| Q4 25 | $58.8M | $60.2M | ||
| Q3 25 | $47.0M | $56.1M | ||
| Q2 25 | $56.6M | $60.7M | ||
| Q1 25 | $54.9M | $64.0M | ||
| Q4 24 | $130.5M | $129.2M | ||
| Q3 24 | $70.7M | $111.8M | ||
| Q2 24 | $80.9M | $118.0M | ||
| Q1 24 | $54.5M | $99.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 19.2% | — | ||
| Q1 24 | 18.0% | — |
| Q4 25 | 6.4% | 8.1% | ||
| Q3 25 | 6.3% | 8.1% | ||
| Q2 25 | 6.4% | 8.5% | ||
| Q1 25 | 7.2% | 10.4% | ||
| Q4 24 | 10.8% | 13.4% | ||
| Q3 24 | 9.2% | 12.6% | ||
| Q2 24 | 10.0% | 12.9% | ||
| Q1 24 | 8.6% | 12.3% |
| Q4 25 | 4.8% | 6.2% | ||
| Q3 25 | 4.8% | 6.6% | ||
| Q2 25 | 4.9% | 6.7% | ||
| Q1 25 | 5.5% | 8.6% | ||
| Q4 24 | 8.4% | 10.3% | ||
| Q3 24 | 7.0% | 9.8% | ||
| Q2 24 | 7.7% | 10.2% | ||
| Q1 24 | 6.6% | 10.5% |
| Q4 25 | $0.57 | $0.70 | ||
| Q3 25 | $0.47 | $0.64 | ||
| Q2 25 | $0.56 | $0.68 | ||
| Q1 25 | $0.54 | $0.70 | ||
| Q4 24 | $1.28 | $1.37 | ||
| Q3 24 | $0.70 | $1.18 | ||
| Q2 24 | $0.81 | $1.25 | ||
| Q1 24 | $0.55 | $1.03 |
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 | $982.8M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $3.3B |
| 总资产 | $3.7B | $5.0B |
| 负债/权益比越低杠杆越低 | 1.13× | — |
8季度趋势，按日历期对齐
| Q4 25 | $234.8M | $982.8M | ||
| Q3 25 | $251.0M | $792.0M | ||
| Q2 25 | $210.3M | $622.6M | ||
| Q1 25 | $297.5M | $812.9M | ||
| Q4 24 | $274.4M | $970.0M | ||
| Q3 24 | $204.9M | $676.0M | ||
| Q2 24 | $274.8M | $492.9M | ||
| Q1 24 | $239.4M | $944.0M |
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.4B | $3.3B | ||
| Q3 25 | $1.4B | $3.3B | ||
| Q2 25 | $1.3B | $3.3B | ||
| Q1 25 | $1.3B | $3.3B | ||
| Q4 24 | $1.2B | $3.3B | ||
| Q3 24 | $1.1B | $3.2B | ||
| Q2 24 | $1.0B | $3.1B | ||
| Q1 24 | $968.7M | $3.0B |
| Q4 25 | $3.7B | $5.0B | ||
| Q3 25 | $3.8B | $5.0B | ||
| Q2 25 | $3.7B | $4.8B | ||
| Q1 25 | $3.5B | $4.8B | ||
| Q4 24 | $3.3B | $4.9B | ||
| Q3 24 | $3.3B | $4.8B | ||
| Q2 24 | $3.0B | $4.6B | ||
| Q1 24 | $2.7B | $5.0B |
| Q4 25 | 1.13× | — | ||
| Q3 25 | 1.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | 0.19× | ||
| 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $213.2M |
| 自由现金流率自由现金流/营收 | 11.2% | 21.9% |
| 资本支出强度资本支出/营收 | 0.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.44× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $128.5M |
8季度趋势，按日历期对齐
| Q4 25 | $143.6M | $221.0M | ||
| Q3 25 | $-131.0M | $45.9M | ||
| Q2 25 | $-68.5M | $-74.3M | ||
| Q1 25 | $-44.7M | $-31.2M | ||
| Q4 24 | $306.5M | $360.3M | ||
| Q3 24 | $-205.0M | $167.9M | ||
| Q2 24 | $-110.6M | $23.1M | ||
| Q1 24 | $-247.5M | $144.7M |
| Q4 25 | $136.0M | $213.2M | ||
| Q3 25 | $-135.7M | $39.1M | ||
| Q2 25 | $-78.8M | $-84.5M | ||
| Q1 25 | $-47.9M | $-39.3M | ||
| Q4 24 | $302.6M | $355.9M | ||
| Q3 24 | $-222.5M | $161.5M | ||
| Q2 24 | $-112.4M | $17.0M | ||
| Q1 24 | $-249.6M | $138.3M |
| Q4 25 | 11.2% | 21.9% | ||
| Q3 25 | -14.0% | 4.6% | ||
| Q2 25 | -6.8% | -9.4% | ||
| Q1 25 | -4.8% | -5.3% | ||
| Q4 24 | 19.4% | 28.4% | ||
| Q3 24 | -22.1% | 14.1% | ||
| Q2 24 | -10.6% | 1.5% | ||
| Q1 24 | -30.2% | 14.7% |
| Q4 25 | 0.6% | 0.8% | ||
| Q3 25 | 0.5% | 0.8% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 0.3% | 1.1% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 1.7% | 0.6% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 0.3% | 0.7% |
| Q4 25 | 2.44× | 3.67× | ||
| Q3 25 | -2.79× | 0.82× | ||
| Q2 25 | -1.21× | -1.22× | ||
| Q1 25 | -0.81× | -0.49× | ||
| Q4 24 | 2.35× | 2.79× | ||
| Q3 24 | -2.90× | 1.50× | ||
| Q2 24 | -1.37× | 0.20× | ||
| Q1 24 | -4.54× | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
