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D. R. Horton（DHI）与W. R. Berkley Corporation（WRB）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W. R. Berkley Corporation的1.9倍（$6.9B vs $3.7B），W. R. Berkley Corporation净利率更高（14.0% vs 8.6%，领先5.3%），W. R. Berkley Corporation同比增速更快（4.0% vs -9.5%），过去两年W. R. Berkley Corporation的营收复合增速更高（5.5% 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。
W. R. Berkley Corporation由威廉·罗伯特·伯克利创立，他目前担任该公司董事长，同时兼任纽约大学校董会主席，在企业经营管理及高等教育治理领域均具备深厚的经验积累。
DHI vs WRB — 直观对比
营收规模更大
DHI
是对方的1.9倍
$3.7B
营收增速更快
WRB
高出13.6%
-9.5%
净利率更高
WRB
高出5.3%
8.6%
两年增速更快
WRB
近两年复合增速
-13.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.9B | $3.7B |
| 净利润 | $594.8M | $515.2M |
| 毛利率 | 23.2% | — |
| 营业利润率 | — | — |
| 净利率 | 8.6% | 14.0% |
| 营收同比 | -9.5% | 4.0% |
| 净利润同比 | -29.6% | 23.4% |
| 每股收益（稀释后） | $2.03 | $1.31 |
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DHIWRB
| Q1 26 | — | $3.7B | ||
| Q4 25 | $6.9B | $3.7B | ||
| Q3 25 | $9.7B | $3.8B | ||
| Q2 25 | $9.2B | $3.7B | ||
| Q1 25 | $7.7B | $3.5B | ||
| Q4 24 | $7.6B | $3.7B | ||
| Q3 24 | $10.0B | $3.4B | ||
| Q2 24 | $10.0B | $3.3B |
净利润DHIWRB
| Q1 26 | — | $515.2M | ||
| Q4 25 | $594.8M | $449.5M | ||
| Q3 25 | $905.3M | $511.0M | ||
| Q2 25 | $1.0B | $401.3M | ||
| Q1 25 | $810.4M | $417.6M | ||
| Q4 24 | $844.9M | $576.1M | ||
| Q3 24 | $1.3B | $365.6M | ||
| Q2 24 | $1.4B | $371.9M |
毛利率DHIWRB
| Q1 26 | — | — | ||
| 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% | — |
营业利润率DHIWRB
| Q1 26 | — | — | ||
| Q4 25 | — | 15.4% | ||
| Q3 25 | 12.4% | 17.2% | ||
| Q2 25 | 14.7% | 14.2% | ||
| Q1 25 | 13.8% | 15.2% | ||
| Q4 24 | 14.6% | 19.9% | ||
| Q3 24 | 17.1% | 14.0% | ||
| Q2 24 | 18.1% | 14.7% |
净利率DHIWRB
| Q1 26 | — | 14.0% | ||
| Q4 25 | 8.6% | 12.1% | ||
| Q3 25 | 9.4% | 13.6% | ||
| Q2 25 | 11.1% | 10.9% | ||
| Q1 25 | 10.5% | 11.8% | ||
| Q4 24 | 11.1% | 15.7% | ||
| Q3 24 | 12.8% | 10.8% | ||
| Q2 24 | 13.6% | 11.2% |
每股收益（稀释后）DHIWRB
| Q1 26 | — | $1.31 | ||
| Q4 25 | $2.03 | $1.13 | ||
| Q3 25 | $3.02 | $1.28 | ||
| Q2 25 | $3.36 | $1.00 | ||
| Q1 25 | $2.58 | $1.04 | ||
| Q4 24 | $2.61 | $0.89 | ||
| Q3 24 | $3.90 | $0.91 | ||
| Q2 24 | $4.10 | $0.92 |
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 | $2.1B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $24.0B | — |
| 总资产 | $34.6B | $44.3B |
| 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DHIWRB
| Q1 26 | — | $2.1B | ||
| Q4 25 | $2.5B | $2.5B | ||
| Q3 25 | $3.0B | $2.4B | ||
| Q2 25 | $2.6B | $2.0B | ||
| Q1 25 | $2.5B | $1.7B | ||
| Q4 24 | $3.1B | $2.0B | ||
| Q3 24 | $4.5B | $1.6B | ||
| Q2 24 | $3.0B | $1.6B |
股东权益DHIWRB
| Q1 26 | — | — | ||
| Q4 25 | $24.0B | $9.7B | ||
| Q3 25 | $24.2B | $9.8B | ||
| Q2 25 | $24.1B | $9.3B | ||
| Q1 25 | $24.3B | $8.9B | ||
| Q4 24 | $24.9B | $8.4B | ||
| Q3 24 | $25.3B | $8.4B | ||
| Q2 24 | $24.7B | $7.8B |
总资产DHIWRB
| Q1 26 | — | $44.3B | ||
| Q4 25 | $34.6B | $44.1B | ||
| Q3 25 | $35.5B | $43.7B | ||
| Q2 25 | $36.4B | $42.7B | ||
| Q1 25 | $35.7B | $41.3B | ||
| Q4 24 | $35.0B | $40.6B | ||
| Q3 24 | $36.1B | $40.4B | ||
| Q2 24 | $35.2B | $38.9B |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $826.6M | — |
| 自由现金流率自由现金流/营收 | 12.0% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | 1.44× | — |
| 过去12个月自由现金流最近4个季度 | $3.5B | — |
8季度趋势，按日历期对齐
经营现金流DHIWRB
| Q1 26 | — | — | ||
| Q4 25 | $854.0M | $995.1M | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $738.6M | $703.8M | ||
| Q1 25 | $-436.2M | $743.8M | ||
| Q4 24 | $646.7M | $810.0M | ||
| Q3 24 | $2.0B | $1.2B | ||
| Q2 24 | $698.3M | $881.3M |
自由现金流DHIWRB
| Q1 26 | — | — | ||
| Q4 25 | $826.6M | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $692.6M | — | ||
| Q1 25 | $-470.5M | — | ||
| Q4 24 | $633.4M | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $636.3M | — |
自由现金流率DHIWRB
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | — | ||
| Q3 25 | 25.1% | — | ||
| Q2 25 | 7.5% | — | ||
| Q1 25 | -6.1% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 19.3% | — | ||
| Q2 24 | 6.4% | — |
资本支出强度DHIWRB
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.5% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.6% | — |
现金转化率DHIWRB
| Q1 26 | — | — | ||
| Q4 25 | 1.44× | 2.21× | ||
| Q3 25 | 2.73× | 2.23× | ||
| Q2 25 | 0.72× | 1.75× | ||
| Q1 25 | -0.54× | 1.78× | ||
| Q4 24 | 0.77× | 1.41× | ||
| Q3 24 | 1.53× | 3.39× | ||
| Q2 24 | 0.52× | 2.37× |
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% |
WRB
暂无分部数据
