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D. R. Horton（DHI）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
D. R. Horton的季度营收约是Raymond James Financial的1.6倍（$6.9B vs $4.2B），Raymond James Financial净利率更高（13.5% vs 8.6%，领先4.8%），Raymond James Financial同比增速更快（3.5% vs -9.5%），D. R. Horton自由现金流更多（$826.6M vs $-56.0M），过去两年Raymond James Financial的营收复合增速更高（7.1% vs -13.0%）
D.R.霍顿是总部位于美国得克萨斯州阿灵顿的住宅建造企业，自2002年起持续成为美国交付量最高的住宅建筑商，业务覆盖全美36个州的125个市场，2024年按营收规模位列《财富》美国500强榜单第120位。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
DHI vs RJF — 直观对比
营收规模更大
DHI
是对方的1.6倍
$4.2B
营收增速更快
RJF
高出13.0%
-9.5%
净利率更高
RJF
高出4.8%
8.6%
自由现金流更多
DHI
多$882.6M
$-56.0M
两年增速更快
RJF
近两年复合增速
-13.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $4.2B |
| 净利润 | $594.8M | $563.0M |
| 毛利率 | 23.2% | — |
| 营业利润率 | — | — |
| 净利率 | 8.6% | 13.5% |
| 营收同比 | -9.5% | 3.5% |
| 净利润同比 | -29.6% | -6.2% |
| 每股收益（稀释后） | $2.03 | $2.79 |
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DHIRJF
| Q4 25 | $6.9B | $4.2B | ||
| Q3 25 | $9.7B | $4.2B | ||
| Q2 25 | $9.2B | $3.8B | ||
| Q1 25 | $7.7B | $3.8B | ||
| Q4 24 | $7.6B | $4.0B | ||
| Q3 24 | $10.0B | $4.0B | ||
| Q2 24 | $10.0B | $3.8B | ||
| Q1 24 | $9.1B | $3.6B |
净利润DHIRJF
| Q4 25 | $594.8M | $563.0M | ||
| Q3 25 | $905.3M | $604.0M | ||
| Q2 25 | $1.0B | $436.0M | ||
| Q1 25 | $810.4M | $495.0M | ||
| Q4 24 | $844.9M | $600.0M | ||
| Q3 24 | $1.3B | $602.0M | ||
| Q2 24 | $1.4B | $492.0M | ||
| Q1 24 | $1.2B | $476.0M |
毛利率DHIRJF
| Q4 25 | 23.2% | — | ||
| Q3 25 | 21.7% | — | ||
| Q2 25 | 23.9% | — | ||
| Q1 25 | 24.6% | — | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 25.5% | — | ||
| Q2 24 | 26.5% | — | ||
| Q1 24 | 25.6% | — |
营业利润率DHIRJF
| Q4 25 | — | — | ||
| Q3 25 | 12.4% | — | ||
| Q2 25 | 14.7% | 14.7% | ||
| Q1 25 | 13.8% | 17.5% | ||
| Q4 24 | 14.6% | 18.6% | ||
| Q3 24 | 17.1% | — | ||
| Q2 24 | 18.1% | 17.1% | ||
| Q1 24 | 16.8% | 16.7% |
净利率DHIRJF
| Q4 25 | 8.6% | 13.5% | ||
| Q3 25 | 9.4% | 14.4% | ||
| Q2 25 | 11.1% | 11.3% | ||
| Q1 25 | 10.5% | 12.9% | ||
| Q4 24 | 11.1% | 14.9% | ||
| Q3 24 | 12.8% | 15.0% | ||
| Q2 24 | 13.6% | 13.1% | ||
| Q1 24 | 12.9% | 13.1% |
每股收益（稀释后）DHIRJF
| Q4 25 | $2.03 | $2.79 | ||
| Q3 25 | $3.02 | $2.96 | ||
| Q2 25 | $3.36 | $2.12 | ||
| Q1 25 | $2.58 | $2.36 | ||
| Q4 24 | $2.61 | $2.86 | ||
| Q3 24 | $3.90 | $2.85 | ||
| Q2 24 | $4.10 | $2.31 | ||
| Q1 24 | $3.52 | $2.22 |
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 | $2.5B | $9.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.0B | $12.6B |
| 总资产 | $34.6B | $88.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DHIRJF
| Q4 25 | $2.5B | $9.9B | ||
| Q3 25 | $3.0B | $11.4B | ||
| Q2 25 | $2.6B | $9.2B | ||
| Q1 25 | $2.5B | $9.7B | ||
| Q4 24 | $3.1B | $10.0B | ||
| Q3 24 | $4.5B | $11.0B | ||
| Q2 24 | $3.0B | $9.1B | ||
| Q1 24 | $3.1B | $10.0B |
股东权益DHIRJF
| Q4 25 | $24.0B | $12.6B | ||
| Q3 25 | $24.2B | $12.5B | ||
| Q2 25 | $24.1B | $12.3B | ||
| Q1 25 | $24.3B | $12.2B | ||
| Q4 24 | $24.9B | $11.9B | ||
| Q3 24 | $25.3B | $11.7B | ||
| Q2 24 | $24.7B | $11.2B | ||
| Q1 24 | $23.8B | $11.0B |
总资产DHIRJF
| Q4 25 | $34.6B | $88.8B | ||
| Q3 25 | $35.5B | $88.2B | ||
| Q2 25 | $36.4B | $84.8B | ||
| Q1 25 | $35.7B | $83.1B | ||
| Q4 24 | $35.0B | $82.3B | ||
| Q3 24 | $36.1B | $83.0B | ||
| Q2 24 | $35.2B | $80.6B | ||
| Q1 24 | $34.4B | $81.2B |
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 | $854.0M | $-10.0M |
| 自由现金流经营现金流 - 资本支出 | $826.6M | $-56.0M |
| 自由现金流率自由现金流/营收 | 12.0% | -1.3% |
| 资本支出强度资本支出/营收 | 0.4% | 1.1% |
| 现金转化率经营现金流/净利润 | 1.44× | -0.02× |
| 过去12个月自由现金流最近4个季度 | $3.5B | $1.4B |
8季度趋势，按日历期对齐
经营现金流DHIRJF
| Q4 25 | $854.0M | $-10.0M | ||
| Q3 25 | $2.5B | $796.0M | ||
| Q2 25 | $738.6M | $691.0M | ||
| Q1 25 | $-436.2M | $117.0M | ||
| Q4 24 | $646.7M | $830.0M | ||
| Q3 24 | $2.0B | $510.0M | ||
| Q2 24 | $698.3M | $711.0M | ||
| Q1 24 | $-316.7M | $391.0M |
自由现金流DHIRJF
| Q4 25 | $826.6M | $-56.0M | ||
| Q3 25 | $2.4B | $752.0M | ||
| Q2 25 | $692.6M | $634.0M | ||
| Q1 25 | $-470.5M | $71.0M | ||
| Q4 24 | $633.4M | $789.0M | ||
| Q3 24 | $1.9B | $460.0M | ||
| Q2 24 | $636.3M | $655.0M | ||
| Q1 24 | $-340.4M | $342.0M |
自由现金流率DHIRJF
| Q4 25 | 12.0% | -1.3% | ||
| Q3 25 | 25.1% | 17.9% | ||
| Q2 25 | 7.5% | 16.5% | ||
| Q1 25 | -6.1% | 1.8% | ||
| Q4 24 | 8.3% | 19.6% | ||
| Q3 24 | 19.3% | 11.5% | ||
| Q2 24 | 6.4% | 17.4% | ||
| Q1 24 | -3.7% | 9.4% |
资本支出强度DHIRJF
| Q4 25 | 0.4% | 1.1% | ||
| Q3 25 | 0.5% | 1.1% | ||
| Q2 25 | 0.5% | 1.5% | ||
| Q1 25 | 0.4% | 1.2% | ||
| Q4 24 | 0.2% | 1.0% | ||
| Q3 24 | 0.3% | 1.2% | ||
| Q2 24 | 0.6% | 1.5% | ||
| Q1 24 | 0.3% | 1.3% |
现金转化率DHIRJF
| Q4 25 | 1.44× | -0.02× | ||
| Q3 25 | 2.73× | 1.32× | ||
| Q2 25 | 0.72× | 1.58× | ||
| Q1 25 | -0.54× | 0.24× | ||
| Q4 24 | 0.77× | 1.38× | ||
| Q3 24 | 1.53× | 0.85× | ||
| Q2 24 | 0.52× | 1.45× | ||
| Q1 24 | -0.27× | 0.82× |
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
DHI
| Home Building Ops | $6.5B | 95% |
| Eliminations And Other | $209.1M | 3% |
| Financial Services | $184.6M | 3% |
| Land | $16.2M | 0% |
RJF
暂无分部数据
