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Dream Finders Homes, Inc.（DFH）与Williams-Sonoma, Inc.（WSM）财务数据对比。点击上方公司名可切换其他公司
Williams-Sonoma, Inc.的季度营收约是Dream Finders Homes, Inc.的1.6倍（$1.9B vs $1.2B），Williams-Sonoma, Inc.净利率更高（12.8% vs 4.8%，领先8.0%），Williams-Sonoma, Inc.同比增速更快（4.6% vs -22.3%），Williams-Sonoma, Inc.自由现金流更多（$248.1M vs $136.0M），过去两年Dream Finders Homes, Inc.的营收复合增速更高（21.0% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
DFH vs WSM — 直观对比
营收规模更大
WSM
是对方的1.6倍
$1.2B
营收增速更快
WSM
高出26.8%
-22.3%
净利率更高
WSM
高出8.0%
4.8%
自由现金流更多
WSM
多$112.0M
$136.0M
两年增速更快
DFH
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.9B |
| 净利润 | $58.8M | $241.6M |
| 毛利率 | — | 46.1% |
| 营业利润率 | 6.4% | 17.0% |
| 净利率 | 4.8% | 12.8% |
| 营收同比 | -22.3% | 4.6% |
| 净利润同比 | -54.9% | -3.0% |
| 每股收益（稀释后） | $0.57 | $1.96 |
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DFHWSM
| Q4 25 | $1.2B | $1.9B | ||
| Q3 25 | $969.8M | $1.8B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $989.9M | $2.5B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.1B | $1.7B | ||
| Q1 24 | $827.8M | $2.3B |
净利润DFHWSM
| Q4 25 | $58.8M | $241.6M | ||
| Q3 25 | $47.0M | $247.6M | ||
| Q2 25 | $56.6M | $231.3M | ||
| Q1 25 | $54.9M | $384.9M | ||
| Q4 24 | $130.5M | $249.0M | ||
| Q3 24 | $70.7M | $225.7M | ||
| Q2 24 | $80.9M | $265.7M | ||
| Q1 24 | $54.5M | $354.4M |
毛利率DFHWSM
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 46.2% | ||
| Q2 24 | 19.2% | 48.3% | ||
| Q1 24 | 18.0% | 46.0% |
营业利润率DFHWSM
| Q4 25 | 6.4% | 17.0% | ||
| Q3 25 | 6.3% | 17.9% | ||
| Q2 25 | 6.4% | 16.8% | ||
| Q1 25 | 7.2% | 20.1% | ||
| Q4 24 | 10.8% | 17.8% | ||
| Q3 24 | 9.2% | 16.2% | ||
| Q2 24 | 10.0% | 19.5% | ||
| Q1 24 | 8.6% | 20.1% |
净利率DFHWSM
| Q4 25 | 4.8% | 12.8% | ||
| Q3 25 | 4.8% | 13.5% | ||
| Q2 25 | 4.9% | 13.4% | ||
| Q1 25 | 5.5% | 15.6% | ||
| Q4 24 | 8.4% | 13.8% | ||
| Q3 24 | 7.0% | 12.6% | ||
| Q2 24 | 7.7% | 16.0% | ||
| Q1 24 | 6.6% | 15.6% |
每股收益（稀释后）DFHWSM
| Q4 25 | $0.57 | $1.96 | ||
| Q3 25 | $0.47 | $2.00 | ||
| Q2 25 | $0.56 | $1.85 | ||
| Q1 25 | $0.54 | $1.02 | ||
| Q4 24 | $1.28 | $1.96 | ||
| Q3 24 | $0.70 | $1.74 | ||
| Q2 24 | $0.81 | $4.07 | ||
| Q1 24 | $0.55 | $5.42 |
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 | $884.7M |
| 总债务越低越好 | $1.6B | — |
| 股东权益账面价值 | $1.4B | $2.1B |
| 总资产 | $3.7B | $5.3B |
| 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DFHWSM
| Q4 25 | $234.8M | $884.7M | ||
| Q3 25 | $251.0M | $985.8M | ||
| Q2 25 | $210.3M | $1.0B | ||
| Q1 25 | $297.5M | $1.2B | ||
| Q4 24 | $274.4M | $826.8M | ||
| Q3 24 | $204.9M | $1.3B | ||
| Q2 24 | $274.8M | $1.3B | ||
| Q1 24 | $239.4M | $1.3B |
总债务DFHWSM
| 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DFHWSM
| Q4 25 | $1.4B | $2.1B | ||
| Q3 25 | $1.4B | $2.1B | ||
| Q2 25 | $1.3B | $2.2B | ||
| Q1 25 | $1.3B | $2.1B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.1B | $2.3B | ||
| Q2 24 | $1.0B | $2.2B | ||
| Q1 24 | $968.7M | $2.1B |
总资产DFHWSM
| Q4 25 | $3.7B | $5.3B | ||
| Q3 25 | $3.8B | $5.2B | ||
| Q2 25 | $3.7B | $5.2B | ||
| Q1 25 | $3.5B | $5.3B | ||
| Q4 24 | $3.3B | $5.0B | ||
| Q3 24 | $3.3B | $5.2B | ||
| Q2 24 | $3.0B | $5.2B | ||
| Q1 24 | $2.7B | $5.3B |
负债/权益比DFHWSM
| 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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $136.0M | $248.1M |
| 自由现金流率自由现金流/营收 | 11.2% | 13.2% |
| 资本支出强度资本支出/营收 | 0.6% | 3.6% |
| 现金转化率经营现金流/净利润 | 2.44× | 1.31× |
| 过去12个月自由现金流最近4个季度 | $-126.4M | $1.1B |
8季度趋势，按日历期对齐
经营现金流DFHWSM
| Q4 25 | $143.6M | $316.3M | ||
| Q3 25 | $-131.0M | $282.7M | ||
| Q2 25 | $-68.5M | $118.9M | ||
| Q1 25 | $-44.7M | $633.5M | ||
| Q4 24 | $306.5M | $253.5M | ||
| Q3 24 | $-205.0M | $246.5M | ||
| Q2 24 | $-110.6M | $226.8M | ||
| Q1 24 | $-247.5M | $674.9M |
自由现金流DFHWSM
| Q4 25 | $136.0M | $248.1M | ||
| Q3 25 | $-135.7M | $230.7M | ||
| Q2 25 | $-78.8M | $60.7M | ||
| Q1 25 | $-47.9M | $566.3M | ||
| Q4 24 | $302.6M | $170.1M | ||
| Q3 24 | $-222.5M | $215.1M | ||
| Q2 24 | $-112.4M | $187.3M | ||
| Q1 24 | $-249.6M | $621.2M |
自由现金流率DFHWSM
| Q4 25 | 11.2% | 13.2% | ||
| Q3 25 | -14.0% | 12.6% | ||
| Q2 25 | -6.8% | 3.5% | ||
| Q1 25 | -4.8% | 23.0% | ||
| Q4 24 | 19.4% | 9.4% | ||
| Q3 24 | -22.1% | 12.0% | ||
| Q2 24 | -10.6% | 11.3% | ||
| Q1 24 | -30.2% | 27.3% |
资本支出强度DFHWSM
| Q4 25 | 0.6% | 3.6% | ||
| Q3 25 | 0.5% | 2.8% | ||
| Q2 25 | 0.9% | 3.4% | ||
| Q1 25 | 0.3% | 2.7% | ||
| Q4 24 | 0.3% | 4.6% | ||
| Q3 24 | 1.7% | 1.8% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.3% | 2.4% |
现金转化率DFHWSM
| Q4 25 | 2.44× | 1.31× | ||
| Q3 25 | -2.79× | 1.14× | ||
| Q2 25 | -1.21× | 0.51× | ||
| Q1 25 | -0.81× | 1.65× | ||
| Q4 24 | 2.35× | 1.02× | ||
| Q3 24 | -2.90× | 1.09× | ||
| Q2 24 | -1.37× | 0.85× | ||
| Q1 24 | -4.54× | 1.90× |
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% |
WSM
暂无分部数据
