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Dream Finders Homes, Inc.（DFH）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.5倍（$1.2B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 4.8%，领先23.8%），Ubiquiti Inc.同比增速更快（35.8% vs -22.3%），Ubiquiti Inc.自由现金流更多（$260.3M vs $136.0M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
DFH vs UI — 直观对比
营收规模更大
DFH
是对方的1.5倍
$814.9M
营收增速更快
UI
高出58.1%
-22.3%
净利率更高
UI
高出23.8%
4.8%
自由现金流更多
UI
多$124.2M
$136.0M
两年增速更快
UI
近两年复合增速
21.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $814.9M |
| 净利润 | $58.8M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 6.4% | 35.9% |
| 净利率 | 4.8% | 28.7% |
| 营收同比 | -22.3% | 35.8% |
| 净利润同比 | -54.9% | 70.8% |
| 每股收益（稀释后） | $0.57 | $3.86 |
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DFHUI
| Q4 25 | $1.2B | $814.9M | ||
| Q3 25 | $969.8M | $733.8M | ||
| Q2 25 | $1.2B | $759.2M | ||
| Q1 25 | $989.9M | $664.2M | ||
| Q4 24 | $1.6B | $599.9M | ||
| Q3 24 | $1.0B | $550.3M | ||
| Q2 24 | $1.1B | $507.5M | ||
| Q1 24 | $827.8M | $493.0M |
净利润DFHUI
| Q4 25 | $58.8M | $233.6M | ||
| Q3 25 | $47.0M | $207.9M | ||
| Q2 25 | $56.6M | $266.7M | ||
| Q1 25 | $54.9M | $180.4M | ||
| Q4 24 | $130.5M | $136.8M | ||
| Q3 24 | $70.7M | $128.0M | ||
| Q2 24 | $80.9M | $103.8M | ||
| Q1 24 | $54.5M | $76.3M |
毛利率DFHUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | 19.2% | 40.2% | ||
| Q1 24 | 18.0% | 35.3% |
营业利润率DFHUI
| Q4 25 | 6.4% | 35.9% | ||
| Q3 25 | 6.3% | 35.7% | ||
| Q2 25 | 6.4% | 34.4% | ||
| Q1 25 | 7.2% | 34.2% | ||
| Q4 24 | 10.8% | 29.8% | ||
| Q3 24 | 9.2% | 30.7% | ||
| Q2 24 | 10.0% | 27.3% | ||
| Q1 24 | 8.6% | 22.6% |
净利率DFHUI
| Q4 25 | 4.8% | 28.7% | ||
| Q3 25 | 4.8% | 28.3% | ||
| Q2 25 | 4.9% | 35.1% | ||
| Q1 25 | 5.5% | 27.2% | ||
| Q4 24 | 8.4% | 22.8% | ||
| Q3 24 | 7.0% | 23.3% | ||
| Q2 24 | 7.7% | 20.5% | ||
| Q1 24 | 6.6% | 15.5% |
每股收益（稀释后）DFHUI
| Q4 25 | $0.57 | $3.86 | ||
| Q3 25 | $0.47 | $3.43 | ||
| Q2 25 | $0.56 | $4.40 | ||
| Q1 25 | $0.54 | $2.98 | ||
| Q4 24 | $1.28 | $2.26 | ||
| Q3 24 | $0.70 | $2.12 | ||
| Q2 24 | $0.81 | $1.72 | ||
| Q1 24 | $0.55 | $1.26 |
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 | $302.8M |
| 总债务越低越好 | $1.6B | $47.5M |
| 股东权益账面价值 | $1.4B | $1.0B |
| 总资产 | $3.7B | $1.6B |
| 负债/权益比越低杠杆越低 | 1.13× | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资DFHUI
| Q4 25 | $234.8M | $302.8M | ||
| Q3 25 | $251.0M | $177.2M | ||
| Q2 25 | $210.3M | $149.7M | ||
| Q1 25 | $297.5M | $151.0M | ||
| Q4 24 | $274.4M | $133.1M | ||
| Q3 24 | $204.9M | $165.2M | ||
| Q2 24 | $274.8M | $126.3M | ||
| Q1 24 | $239.4M | $102.5M |
总债务DFHUI
| Q4 25 | $1.6B | $47.5M | ||
| Q3 25 | $1.8B | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $1.3B | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益DFHUI
| Q4 25 | $1.4B | $1.0B | ||
| Q3 25 | $1.4B | $828.4M | ||
| Q2 25 | $1.3B | $668.3M | ||
| Q1 25 | $1.3B | $436.1M | ||
| Q4 24 | $1.2B | $290.4M | ||
| Q3 24 | $1.1B | $188.1M | ||
| Q2 24 | $1.0B | $95.1M | ||
| Q1 24 | $968.7M | $25.9M |
总资产DFHUI
| Q4 25 | $3.7B | $1.6B | ||
| Q3 25 | $3.8B | $1.5B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.5B | $1.3B | ||
| Q4 24 | $3.3B | $1.2B | ||
| Q3 24 | $3.3B | $1.2B | ||
| Q2 24 | $3.0B | $1.2B | ||
| Q1 24 | $2.7B | $1.2B |
负债/权益比DFHUI
| Q4 25 | 1.13× | 0.05× | ||
| Q3 25 | 1.29× | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 1.03× | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $260.3M |
| 自由现金流率自由现金流/营收 | 11.2% | 31.9% |
| 资本支出强度资本支出/营收 | 0.6% | 0.4% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $699.5M |
8季度趋势，按日历期对齐
经营现金流DFHUI
| Q4 25 | $143.6M | $263.9M | ||
| Q3 25 | $-131.0M | $198.5M | ||
| Q2 25 | $-68.5M | $130.4M | ||
| Q1 25 | $-44.7M | $123.6M | ||
| Q4 24 | $306.5M | $152.4M | ||
| Q3 24 | $-205.0M | $233.7M | ||
| Q2 24 | $-110.6M | $231.4M | ||
| Q1 24 | $-247.5M | $163.9M |
自由现金流DFHUI
| Q4 25 | $136.0M | $260.3M | ||
| Q3 25 | $-135.7M | $193.3M | ||
| Q2 25 | $-78.8M | $125.2M | ||
| Q1 25 | $-47.9M | $120.7M | ||
| Q4 24 | $302.6M | $150.4M | ||
| Q3 24 | $-222.5M | $231.1M | ||
| Q2 24 | $-112.4M | $229.5M | ||
| Q1 24 | $-249.6M | $160.6M |
自由现金流率DFHUI
| Q4 25 | 11.2% | 31.9% | ||
| Q3 25 | -14.0% | 26.3% | ||
| Q2 25 | -6.8% | 16.5% | ||
| Q1 25 | -4.8% | 18.2% | ||
| Q4 24 | 19.4% | 25.1% | ||
| Q3 24 | -22.1% | 42.0% | ||
| Q2 24 | -10.6% | 45.2% | ||
| Q1 24 | -30.2% | 32.6% |
资本支出强度DFHUI
| Q4 25 | 0.6% | 0.4% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 0.9% | 0.7% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 1.7% | 0.5% | ||
| Q2 24 | 0.2% | 0.4% | ||
| Q1 24 | 0.3% | 0.7% |
现金转化率DFHUI
| Q4 25 | 2.44× | 1.13× | ||
| Q3 25 | -2.79× | 0.95× | ||
| Q2 25 | -1.21× | 0.49× | ||
| Q1 25 | -0.81× | 0.68× | ||
| Q4 24 | 2.35× | 1.11× | ||
| Q3 24 | -2.90× | 1.83× | ||
| Q2 24 | -1.37× | 2.23× | ||
| Q1 24 | -4.54× | 2.15× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
