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DYCOM INDUSTRIES INC（DY）与Host Hotels & Resorts（HST）财务数据对比。点击上方公司名可切换其他公司
Host Hotels & Resorts的季度营收约是DYCOM INDUSTRIES INC的1.1倍（$1.6B vs $1.5B），Host Hotels & Resorts净利率更高（8.4% vs 7.3%，领先1.1%），DYCOM INDUSTRIES INC同比增速更快（14.1% vs 12.3%），Host Hotels & Resorts自由现金流更多（$445.0M vs $164.8M），过去两年DYCOM INDUSTRIES INC的营收复合增速更高（23.5% vs 4.4%）
本公司是美国基础设施服务供应商，服务覆盖电力、管道、工业、通信四大领域，具备各类网络基础设施的规划、设计、安装、项目管理、运维及抢修能力。成立以来坚持内生增长，同时已收购150多家电力承包行业企业，为众多大型电力领域客户提供专业服务。
Host Hotels & Resorts是总部位于美国马里兰州贝塞斯达的房地产投资信托企业，专注于高端酒店资产投资。截至2024年12月31日，公司在美国、巴西、加拿大共持有81家高端酒店，总客房数约4.34万间，是全球知名的酒店不动产投资机构。
DY vs HST — 直观对比
营收规模更大
HST
是对方的1.1倍
$1.5B
营收增速更快
DY
高出1.9%
12.3%
净利率更高
HST
高出1.1%
7.3%
自由现金流更多
HST
多$280.2M
$164.8M
两年增速更快
DY
近两年复合增速
4.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.6B |
| 净利润 | $106.4M | $135.0M |
| 毛利率 | — | — |
| 营业利润率 | 9.7% | 12.0% |
| 净利率 | 7.3% | 8.4% |
| 营收同比 | 14.1% | 12.3% |
| 净利润同比 | 52.4% | 25.0% |
| 每股收益（稀释后） | $3.63 | $0.20 |
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DYHST
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.6B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.3B | ||
| Q2 24 | $1.1B | $1.5B | ||
| Q1 24 | $952.5M | $1.5B |
净利润DYHST
| Q4 25 | $106.4M | $135.0M | ||
| Q3 25 | $97.5M | $161.0M | ||
| Q2 25 | $61.0M | $221.0M | ||
| Q1 25 | $32.7M | $248.0M | ||
| Q4 24 | $69.8M | $108.0M | ||
| Q3 24 | $68.4M | $82.0M | ||
| Q2 24 | $62.6M | $239.0M | ||
| Q1 24 | $23.4M | $268.0M |
营业利润率DYHST
| Q4 25 | 9.7% | 12.0% | ||
| Q3 25 | 9.5% | 7.6% | ||
| Q2 25 | 6.2% | 17.5% | ||
| Q1 25 | 4.1% | 17.9% | ||
| Q4 24 | 7.2% | 11.0% | ||
| Q3 24 | 7.9% | 10.2% | ||
| Q2 24 | 6.8% | 19.9% | ||
| Q1 24 | 3.3% | 19.8% |
净利率DYHST
| Q4 25 | 7.3% | 8.4% | ||
| Q3 25 | 7.1% | 12.1% | ||
| Q2 25 | 4.9% | 13.9% | ||
| Q1 25 | 3.0% | 15.6% | ||
| Q4 24 | 5.5% | 7.6% | ||
| Q3 24 | 5.7% | 6.2% | ||
| Q2 24 | 5.5% | 16.3% | ||
| Q1 24 | 2.5% | 18.2% |
每股收益（稀释后）DYHST
| Q4 25 | $3.63 | $0.20 | ||
| Q3 25 | $3.33 | $0.23 | ||
| Q2 25 | $2.09 | $0.32 | ||
| Q1 25 | $1.11 | $0.35 | ||
| Q4 24 | $2.37 | $0.15 | ||
| Q3 24 | $2.32 | $0.12 | ||
| Q2 24 | $2.12 | $0.34 | ||
| Q1 24 | $0.79 | $0.38 |
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 | $110.1M | $768.0M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $1.5B | $6.6B |
| 总资产 | $3.3B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资DYHST
| Q4 25 | $110.1M | $768.0M | ||
| Q3 25 | $28.5M | $539.0M | ||
| Q2 25 | $16.1M | $490.0M | ||
| Q1 25 | $92.7M | $428.0M | ||
| Q4 24 | $15.3M | $554.0M | ||
| Q3 24 | $19.6M | $564.0M | ||
| Q2 24 | $26.1M | $805.0M | ||
| Q1 24 | $101.1M | $1.3B |
总债务DYHST
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $896.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益DYHST
| Q4 25 | $1.5B | $6.6B | ||
| Q3 25 | $1.4B | $6.7B | ||
| Q2 25 | $1.3B | $6.6B | ||
| Q1 25 | $1.2B | $6.7B | ||
| Q4 24 | $1.2B | $6.6B | ||
| Q3 24 | $1.2B | $6.7B | ||
| Q2 24 | $1.1B | $6.8B | ||
| Q1 24 | $1.1B | $6.7B |
总资产DYHST
| Q4 25 | $3.3B | $13.0B | ||
| Q3 25 | $3.2B | $13.0B | ||
| Q2 25 | $3.1B | $13.0B | ||
| Q1 25 | $2.9B | $12.9B | ||
| Q4 24 | $3.1B | $13.0B | ||
| Q3 24 | $2.8B | $13.1B | ||
| Q2 24 | $2.6B | $12.4B | ||
| Q1 24 | $2.5B | $12.5B |
负债/权益比DYHST
| Q4 25 | — | 0.19× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.14× | ||
| 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 | $220.0M | $543.0M |
| 自由现金流经营现金流 - 资本支出 | $164.8M | $445.0M |
| 自由现金流率自由现金流/营收 | 11.4% | 27.8% |
| 资本支出强度资本支出/营收 | 3.8% | 6.1% |
| 现金转化率经营现金流/净利润 | 2.07× | 4.02× |
| 过去12个月自由现金流最近4个季度 | $296.8M | $1.2B |
8季度趋势，按日历期对齐
经营现金流DYHST
| Q4 25 | $220.0M | $543.0M | ||
| Q3 25 | $57.4M | $218.0M | ||
| Q2 25 | $-54.0M | $444.0M | ||
| Q1 25 | $328.2M | $305.0M | ||
| Q4 24 | $65.8M | $331.0M | ||
| Q3 24 | $-7.5M | $349.0M | ||
| Q2 24 | $-37.4M | $453.0M | ||
| Q1 24 | $325.1M | $365.0M |
自由现金流DYHST
| Q4 25 | $164.8M | $445.0M | ||
| Q3 25 | $5.8M | $143.0M | ||
| Q2 25 | $-133.5M | $381.0M | ||
| Q1 25 | $259.7M | $259.0M | ||
| Q4 24 | $-8.8M | $235.0M | ||
| Q3 24 | $-72.9M | $262.0M | ||
| Q2 24 | $-79.4M | $409.0M | ||
| Q1 24 | $267.7M | $332.0M |
自由现金流率DYHST
| Q4 25 | 11.4% | 27.8% | ||
| Q3 25 | 0.4% | 10.7% | ||
| Q2 25 | -10.6% | 24.0% | ||
| Q1 25 | 23.9% | 16.2% | ||
| Q4 24 | -0.7% | 16.5% | ||
| Q3 24 | -6.1% | 19.9% | ||
| Q2 24 | -6.9% | 27.9% | ||
| Q1 24 | 28.1% | 22.6% |
资本支出强度DYHST
| Q4 25 | 3.8% | 6.1% | ||
| Q3 25 | 3.8% | 5.6% | ||
| Q2 25 | 6.3% | 4.0% | ||
| Q1 25 | 6.3% | 2.9% | ||
| Q4 24 | 5.9% | 6.7% | ||
| Q3 24 | 5.4% | 6.6% | ||
| Q2 24 | 3.7% | 3.0% | ||
| Q1 24 | 6.0% | 2.2% |
现金转化率DYHST
| Q4 25 | 2.07× | 4.02× | ||
| Q3 25 | 0.59× | 1.35× | ||
| Q2 25 | -0.88× | 2.01× | ||
| Q1 25 | 10.05× | 1.23× | ||
| Q4 24 | 0.94× | 3.06× | ||
| Q3 24 | -0.11× | 4.26× | ||
| Q2 24 | -0.60× | 1.90× | ||
| Q1 24 | 13.88× | 1.36× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
