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HF Sinclair Corp（DINO）与PulteGroup（PHM）财务数据对比。点击上方公司名可切换其他公司
HF Sinclair Corp的季度营收约是PulteGroup的1.9倍（$6.5B vs $3.4B），PulteGroup净利率更高（10.2% vs -0.4%，领先10.6%），HF Sinclair Corp同比增速更快（-0.6% vs -12.4%），过去两年HF Sinclair Corp的营收复合增速更高（-4.1% vs -13.9%）
HF Sinclair是总部位于美国得克萨斯州达拉斯的能源企业，主要从事汽油、柴油、航空燃油、可再生柴油、特种润滑油、特种化学品、特种改性沥青等多类能源化工产品的生产与销售。
PulteGroup Inc.是总部位于美国佐治亚州亚特兰大的住宅建造企业，2023年按房屋交付量统计为美国第三大住宅建造商，自成立以来累计已建成超过77.5万套住宅，是美国住宅开发领域的领先企业之一。
DINO vs PHM — 直观对比
营收规模更大
DINO
是对方的1.9倍
$3.4B
营收增速更快
DINO
高出11.9%
-12.4%
净利率更高
PHM
高出10.6%
-0.4%
两年增速更快
DINO
近两年复合增速
-13.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $6.5B | $3.4B |
| 净利润 | $-28.0M | $347.0M |
| 毛利率 | — | — |
| 营业利润率 | 0.1% | — |
| 净利率 | -0.4% | 10.2% |
| 营收同比 | -0.6% | -12.4% |
| 净利润同比 | 86.9% | -33.6% |
| 每股收益（稀释后） | $-0.15 | — |
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DINOPHM
| Q1 26 | — | $3.4B | ||
| Q4 25 | $6.5B | $4.6B | ||
| Q3 25 | $7.3B | $4.4B | ||
| Q2 25 | $6.8B | $4.4B | ||
| Q1 25 | $6.4B | $3.9B | ||
| Q4 24 | $6.5B | $4.9B | ||
| Q3 24 | $7.2B | $4.5B | ||
| Q2 24 | $7.8B | $4.6B |
净利润DINOPHM
| Q1 26 | — | $347.0M | ||
| Q4 25 | $-28.0M | $501.6M | ||
| Q3 25 | $403.0M | $585.8M | ||
| Q2 25 | $208.0M | $608.5M | ||
| Q1 25 | $-4.0M | $522.8M | ||
| Q4 24 | $-213.5M | $913.2M | ||
| Q3 24 | $-75.9M | $697.9M | ||
| Q2 24 | $151.8M | $809.1M |
毛利率DINOPHM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 30.4% | ||
| Q2 24 | — | 31.4% |
营业利润率DINOPHM
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 7.8% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 1.3% | — | ||
| Q4 24 | -3.5% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 2.5% | — |
净利率DINOPHM
| Q1 26 | — | 10.2% | ||
| Q4 25 | -0.4% | 10.9% | ||
| Q3 25 | 5.6% | 13.3% | ||
| Q2 25 | 3.1% | 13.8% | ||
| Q1 25 | -0.1% | 13.4% | ||
| Q4 24 | -3.3% | 18.6% | ||
| Q3 24 | -1.1% | 15.6% | ||
| Q2 24 | 1.9% | 17.6% |
每股收益（稀释后）DINOPHM
| Q1 26 | — | — | ||
| Q4 25 | $-0.15 | $2.56 | ||
| Q3 25 | $2.15 | $2.96 | ||
| Q2 25 | $1.10 | $3.03 | ||
| Q1 25 | $-0.02 | $2.57 | ||
| Q4 24 | $-1.05 | $4.41 | ||
| Q3 24 | $-0.40 | $3.35 | ||
| Q2 24 | $0.79 | $3.83 |
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 | $978.0M | $1.8B |
| 总债务越低越好 | $2.8B | — |
| 股东权益账面价值 | $9.2B | $13.0B |
| 总资产 | $16.5B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.30× | — |
8季度趋势，按日历期对齐
现金及短期投资DINOPHM
| Q1 26 | — | $1.8B | ||
| Q4 25 | $978.0M | $2.0B | ||
| Q3 25 | $1.5B | $1.5B | ||
| Q2 25 | $874.0M | $1.2B | ||
| Q1 25 | $547.0M | $1.2B | ||
| Q4 24 | $800.0M | $1.6B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $866.3M | $1.4B |
总债务DINOPHM
| Q1 26 | — | — | ||
| Q4 25 | $2.8B | $43.9M | ||
| Q3 25 | $2.8B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.6B | $31.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益DINOPHM
| Q1 26 | — | $13.0B | ||
| Q4 25 | $9.2B | $13.0B | ||
| Q3 25 | $9.4B | $12.8B | ||
| Q2 25 | $9.3B | $12.6B | ||
| Q1 25 | $9.2B | $12.3B | ||
| Q4 24 | $9.3B | $12.1B | ||
| Q3 24 | $9.6B | $11.6B | ||
| Q2 24 | $9.9B | $11.2B |
总资产DINOPHM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $16.5B | $18.0B | ||
| Q3 25 | $17.3B | $17.9B | ||
| Q2 25 | $16.8B | $17.6B | ||
| Q1 25 | $16.5B | $17.3B | ||
| Q4 24 | $16.6B | $17.4B | ||
| Q3 24 | $16.9B | $17.0B | ||
| Q2 24 | $17.4B | $16.5B |
负债/权益比DINOPHM
| Q1 26 | — | — | ||
| Q4 25 | 0.30× | 0.00× | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.29× | — | ||
| Q1 25 | 0.29× | — | ||
| Q4 24 | 0.29× | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 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 | $8.0M | $159.8M |
| 自由现金流经营现金流 - 资本支出 | $-123.0M | — |
| 自由现金流率自由现金流/营收 | -1.9% | — |
| 资本支出强度资本支出/营收 | 2.0% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 0.46× |
| 过去12个月自由现金流最近4个季度 | $866.0M | — |
8季度趋势，按日历期对齐
经营现金流DINOPHM
| Q1 26 | — | $159.8M | ||
| Q4 25 | $8.0M | $771.1M | ||
| Q3 25 | $809.0M | $678.4M | ||
| Q2 25 | $587.0M | $287.5M | ||
| Q1 25 | $-89.0M | $134.2M | ||
| Q4 24 | $-140.4M | $567.6M | ||
| Q3 24 | $707.6M | $455.9M | ||
| Q2 24 | $225.9M | $417.5M |
自由现金流DINOPHM
| Q1 26 | — | — | ||
| Q4 25 | $-123.0M | $739.8M | ||
| Q3 25 | $688.0M | $651.1M | ||
| Q2 25 | $476.0M | $253.0M | ||
| Q1 25 | $-175.0M | $104.6M | ||
| Q4 24 | $-313.5M | $543.1M | ||
| Q3 24 | $584.0M | $417.2M | ||
| Q2 24 | $141.7M | $386.2M |
自由现金流率DINOPHM
| Q1 26 | — | — | ||
| Q4 25 | -1.9% | 16.0% | ||
| Q3 25 | 9.5% | 14.8% | ||
| Q2 25 | 7.0% | 5.7% | ||
| Q1 25 | -2.7% | 2.7% | ||
| Q4 24 | -4.8% | 11.0% | ||
| Q3 24 | 8.1% | 9.3% | ||
| Q2 24 | 1.8% | 8.4% |
资本支出强度DINOPHM
| Q1 26 | — | 0.7% | ||
| Q4 25 | 2.0% | 0.7% | ||
| Q3 25 | 1.7% | 0.6% | ||
| Q2 25 | 1.6% | 0.8% | ||
| Q1 25 | 1.4% | 0.8% | ||
| Q4 24 | 2.7% | 0.5% | ||
| Q3 24 | 1.7% | 0.9% | ||
| Q2 24 | 1.1% | 0.7% |
现金转化率DINOPHM
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | 1.54× | ||
| Q3 25 | 2.01× | 1.16× | ||
| Q2 25 | 2.82× | 0.47× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.62× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | 1.49× | 0.52× |
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
DINO
| Transportation Fuels | $5.0B | 77% |
| Lubricants And Specialties Segment | $586.0M | 9% |
| Lubricants And Specialty Products | $531.0M | 8% |
| Crude Oil | $213.0M | 3% |
| Renewables Segment | $163.0M | 3% |
| Midstream Segment | $35.0M | 1% |
| Transportation And Logistic Services | $34.0M | 1% |
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
