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F5, Inc.（FFIV）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
M/I HOMES, INC.的季度营收约是F5, Inc.的1.4倍（$1.1B vs $822.5M），F5, Inc.净利率更高（21.9% vs 5.6%，领先16.3%），F5, Inc.同比增速更快（7.3% vs -4.8%），F5, Inc.自由现金流更多（$149.5M vs $-13.0M），过去两年F5, Inc.的营收复合增速更高（9.9% vs 4.7%）
F5, Inc.是一家美国科技企业，专注于应用安全、多云管理、线上反欺诈、应用交付网络（ADN）相关业务，同时提供应用可用性与性能优化、网络安全、访问授权管理等产品及解决方案，助力各行业客户保障数字化业务稳定运营，提升运行效率。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
FFIV vs MHO — 直观对比
营收规模更大
MHO
是对方的1.4倍
$822.5M
营收增速更快
FFIV
高出12.1%
-4.8%
净利率更高
FFIV
高出16.3%
5.6%
自由现金流更多
FFIV
多$162.5M
$-13.0M
两年增速更快
FFIV
近两年复合增速
4.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $822.5M | $1.1B |
| 净利润 | $180.1M | $64.0M |
| 毛利率 | 81.5% | 17.4% |
| 营业利润率 | 26.0% | 6.5% |
| 净利率 | 21.9% | 5.6% |
| 营收同比 | 7.3% | -4.8% |
| 净利润同比 | 8.2% | -52.1% |
| 每股收益（稀释后） | $3.10 | $2.42 |
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FFIVMHO
| Q4 25 | $822.5M | $1.1B | ||
| Q3 25 | $810.1M | $1.1B | ||
| Q2 25 | $780.4M | $1.2B | ||
| Q1 25 | $731.1M | $976.1M | ||
| Q4 24 | $766.5M | $1.2B | ||
| Q3 24 | $746.7M | $1.1B | ||
| Q2 24 | $695.5M | $1.1B | ||
| Q1 24 | $681.4M | $1.0B |
净利润FFIVMHO
| Q4 25 | $180.1M | $64.0M | ||
| Q3 25 | $190.5M | $106.5M | ||
| Q2 25 | $189.9M | $121.2M | ||
| Q1 25 | $145.5M | $111.2M | ||
| Q4 24 | $166.4M | $133.5M | ||
| Q3 24 | $165.3M | $145.4M | ||
| Q2 24 | $144.1M | $146.7M | ||
| Q1 24 | $119.0M | $138.1M |
毛利率FFIVMHO
| Q4 25 | 81.5% | 17.4% | ||
| Q3 25 | 82.2% | 24.5% | ||
| Q2 25 | 81.0% | 24.7% | ||
| Q1 25 | 80.7% | 25.9% | ||
| Q4 24 | 81.7% | 24.6% | ||
| Q3 24 | 80.8% | 27.1% | ||
| Q2 24 | 80.4% | 27.9% | ||
| Q1 24 | 79.3% | 27.1% |
营业利润率FFIVMHO
| Q4 25 | 26.0% | 6.5% | ||
| Q3 25 | 25.4% | 12.0% | ||
| Q2 25 | 25.2% | 13.4% | ||
| Q1 25 | 21.7% | 14.4% | ||
| Q4 24 | 26.8% | 13.6% | ||
| Q3 24 | 25.6% | 15.9% | ||
| Q2 24 | 23.4% | 16.8% | ||
| Q1 24 | 20.5% | 16.6% |
净利率FFIVMHO
| Q4 25 | 21.9% | 5.6% | ||
| Q3 25 | 23.5% | 9.4% | ||
| Q2 25 | 24.3% | 10.4% | ||
| Q1 25 | 19.9% | 11.4% | ||
| Q4 24 | 21.7% | 11.1% | ||
| Q3 24 | 22.1% | 12.7% | ||
| Q2 24 | 20.7% | 13.2% | ||
| Q1 24 | 17.5% | 13.2% |
每股收益（稀释后）FFIVMHO
| Q4 25 | $3.10 | $2.42 | ||
| Q3 25 | $3.25 | $3.92 | ||
| Q2 25 | $3.25 | $4.42 | ||
| Q1 25 | $2.48 | $3.98 | ||
| Q4 24 | $2.82 | $4.71 | ||
| Q3 24 | $2.79 | $5.10 | ||
| Q2 24 | $2.44 | $5.12 | ||
| Q1 24 | $2.00 | $4.78 |
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 | $1.2B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.5B | $3.2B |
| 总资产 | $6.3B | $4.8B |
| 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FFIVMHO
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $935.6M | — | ||
| Q1 24 | $903.5M | — |
股东权益FFIVMHO
| Q4 25 | $3.5B | $3.2B | ||
| Q3 25 | $3.6B | $3.1B | ||
| Q2 25 | $3.5B | $3.1B | ||
| Q1 25 | $3.3B | $3.0B | ||
| Q4 24 | $3.2B | $2.9B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $3.0B | $2.7B | ||
| Q1 24 | $2.9B | $2.6B |
总资产FFIVMHO
| Q4 25 | $6.3B | $4.8B | ||
| Q3 25 | $6.3B | $4.8B | ||
| Q2 25 | $6.1B | $4.7B | ||
| Q1 25 | $5.9B | $4.6B | ||
| Q4 24 | $5.9B | $4.5B | ||
| Q3 24 | $5.6B | $4.5B | ||
| Q2 24 | $5.4B | $4.3B | ||
| Q1 24 | $5.4B | $4.2B |
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 | $159.2M | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $149.5M | $-13.0M |
| 自由现金流率自由现金流/营收 | 18.2% | -1.1% |
| 资本支出强度资本支出/营收 | 1.2% | 0.4% |
| 现金转化率经营现金流/净利润 | 0.88× | -0.14× |
| 过去12个月自由现金流最近4个季度 | $861.2M | $127.7M |
8季度趋势，按日历期对齐
经营现金流FFIVMHO
| Q4 25 | $159.2M | $-8.7M | ||
| Q3 25 | $208.1M | $43.4M | ||
| Q2 25 | $282.2M | $37.8M | ||
| Q1 25 | $256.6M | $64.9M | ||
| Q4 24 | $202.8M | $104.4M | ||
| Q3 24 | $246.5M | $-67.9M | ||
| Q2 24 | $159.0M | $27.5M | ||
| Q1 24 | $221.6M | $115.8M |
自由现金流FFIVMHO
| Q4 25 | $149.5M | $-13.0M | ||
| Q3 25 | $191.9M | $42.0M | ||
| Q2 25 | $273.7M | $35.1M | ||
| Q1 25 | $246.1M | $63.5M | ||
| Q4 24 | $194.7M | $102.3M | ||
| Q3 24 | $240.4M | $-68.5M | ||
| Q2 24 | $153.1M | $22.0M | ||
| Q1 24 | $212.2M | $115.5M |
自由现金流率FFIVMHO
| Q4 25 | 18.2% | -1.1% | ||
| Q3 25 | 23.7% | 3.7% | ||
| Q2 25 | 35.1% | 3.0% | ||
| Q1 25 | 33.7% | 6.5% | ||
| Q4 24 | 25.4% | 8.5% | ||
| Q3 24 | 32.2% | -6.0% | ||
| Q2 24 | 22.0% | 2.0% | ||
| Q1 24 | 31.1% | 11.0% |
资本支出强度FFIVMHO
| Q4 25 | 1.2% | 0.4% | ||
| Q3 25 | 2.0% | 0.1% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 1.4% | 0.1% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 0.8% | 0.1% | ||
| Q2 24 | 0.8% | 0.5% | ||
| Q1 24 | 1.4% | 0.0% |
现金转化率FFIVMHO
| Q4 25 | 0.88× | -0.14× | ||
| Q3 25 | 1.09× | 0.41× | ||
| Q2 25 | 1.49× | 0.31× | ||
| Q1 25 | 1.76× | 0.58× | ||
| Q4 24 | 1.22× | 0.78× | ||
| Q3 24 | 1.49× | -0.47× | ||
| Q2 24 | 1.10× | 0.19× | ||
| Q1 24 | 1.86× | 0.84× |
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
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
