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FMC CORP（FMC）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是FMC CORP的1.3倍（$1.4B vs $1.1B），Taylor Morrison Home Corp净利率更高（7.1% vs -158.8%，领先166.0%），FMC CORP同比增速更快（-11.5% vs -26.8%），过去两年FMC CORP的营收复合增速更高（8.6% vs -16.5%）
FMC公司是总部位于美国宾夕法尼亚州费城的化工制造企业，1883年创立之初以生产杀虫剂为主，后续逐步拓展业务至其他领域。二战期间曾为美国陆军部设计生产两栖履带登陆车，目前在全球拥有7000名员工，业务布局广泛。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
FMC vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.3倍
$1.1B
营收增速更快
FMC
高出15.3%
-26.8%
净利率更高
TMHC
高出166.0%
-158.8%
两年增速更快
FMC
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.4B |
| 净利润 | $-1.7B | $98.6M |
| 毛利率 | 39.8% | 21.0% |
| 营业利润率 | -130.8% | — |
| 净利率 | -158.8% | 7.1% |
| 营收同比 | -11.5% | -26.8% |
| 净利润同比 | -10457.1% | -53.8% |
| 每股收益（稀释后） | $-13.77 | $1.12 |
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FMCTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $542.2M | $2.1B | ||
| Q2 25 | $1.1B | $2.0B | ||
| Q1 25 | $791.4M | $1.9B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.1B | $2.1B | ||
| Q2 24 | $1.0B | $2.0B |
净利润FMCTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $-1.7B | $174.0M | ||
| Q3 25 | $-569.3M | $201.4M | ||
| Q2 25 | $66.7M | $193.6M | ||
| Q1 25 | $-15.5M | $213.5M | ||
| Q4 24 | $-16.3M | $242.5M | ||
| Q3 24 | $65.0M | $251.1M | ||
| Q2 24 | $295.1M | $199.5M |
毛利率FMCTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 39.8% | 22.0% | ||
| Q3 25 | 23.8% | 22.7% | ||
| Q2 25 | 38.7% | 23.0% | ||
| Q1 25 | 40.0% | 24.4% | ||
| Q4 24 | 42.9% | 23.9% | ||
| Q3 24 | 36.3% | 25.0% | ||
| Q2 24 | 38.3% | 23.7% |
营业利润率FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | -130.8% | — | ||
| Q3 25 | -73.1% | — | ||
| Q2 25 | 12.0% | — | ||
| Q1 25 | 7.4% | — | ||
| Q4 24 | 19.2% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 6.0% | — |
净利率FMCTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | -158.8% | 8.3% | ||
| Q3 25 | -105.0% | 9.6% | ||
| Q2 25 | 6.3% | 9.5% | ||
| Q1 25 | -2.0% | 11.3% | ||
| Q4 24 | -1.3% | 10.3% | ||
| Q3 24 | 6.1% | 11.8% | ||
| Q2 24 | 28.4% | 10.0% |
每股收益（稀释后）FMCTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $-13.77 | $1.77 | ||
| Q3 25 | $-4.52 | $2.01 | ||
| Q2 25 | $0.53 | $1.92 | ||
| Q1 25 | $-0.12 | $2.07 | ||
| Q4 24 | $-0.13 | $2.29 | ||
| Q3 24 | $0.52 | $2.37 | ||
| Q2 24 | $2.35 | $1.86 |
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 | $584.5M | $652.9M |
| 总债务越低越好 | $3.4B | — |
| 股东权益账面价值 | $2.1B | $6.2B |
| 总资产 | $9.7B | $9.8B |
| 负债/权益比越低杠杆越低 | 1.62× | — |
8季度趋势，按日历期对齐
现金及短期投资FMCTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $584.5M | $850.0M | ||
| Q3 25 | $497.7M | $370.6M | ||
| Q2 25 | $438.2M | $130.2M | ||
| Q1 25 | $315.3M | $377.8M | ||
| Q4 24 | $357.3M | $487.2M | ||
| Q3 24 | $416.7M | $256.4M | ||
| Q2 24 | $471.5M | $246.8M |
总债务FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | $2.3B | ||
| Q3 25 | $3.4B | $2.2B | ||
| Q2 25 | $3.4B | $2.1B | ||
| Q1 25 | $3.1B | $2.1B | ||
| Q4 24 | $3.1B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.1B | $2.2B |
股东权益FMCTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.1B | $6.3B | ||
| Q3 25 | $3.8B | $6.2B | ||
| Q2 25 | $4.4B | $6.1B | ||
| Q1 25 | $4.4B | $6.0B | ||
| Q4 24 | $4.5B | $5.9B | ||
| Q3 24 | $4.6B | $5.7B | ||
| Q2 24 | $4.6B | $5.5B |
总资产FMCTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $9.7B | $9.8B | ||
| Q3 25 | $12.1B | $9.6B | ||
| Q2 25 | $12.3B | $9.5B | ||
| Q1 25 | $11.8B | $9.4B | ||
| Q4 24 | $11.7B | $9.3B | ||
| Q3 24 | $12.2B | $9.3B | ||
| Q2 24 | $12.1B | $9.1B |
负债/权益比FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | 1.62× | 0.36× | ||
| Q3 25 | 0.89× | 0.35× | ||
| Q2 25 | 0.76× | 0.35× | ||
| Q1 25 | 0.71× | 0.35× | ||
| Q4 24 | 0.69× | 0.36× | ||
| Q3 24 | 0.68× | 0.37× | ||
| Q2 24 | 0.68× | 0.39× |
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 | $657.1M | — |
| 自由现金流经营现金流 - 资本支出 | $631.1M | — |
| 自由现金流率自由现金流/营收 | 58.3% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-102.5M | — |
8季度趋势，按日历期对齐
经营现金流FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | $657.1M | $646.4M | ||
| Q3 25 | $-184.2M | $219.6M | ||
| Q2 25 | $65.9M | $-126.0M | ||
| Q1 25 | $-545.0M | $77.2M | ||
| Q4 24 | $427.9M | $438.2M | ||
| Q3 24 | $159.5M | $135.9M | ||
| Q2 24 | $292.2M | $-233.3M |
自由现金流FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | $631.1M | $635.3M | ||
| Q3 25 | $-207.9M | $206.6M | ||
| Q2 25 | $50.9M | $-133.6M | ||
| Q1 25 | $-576.6M | $68.7M | ||
| Q4 24 | $406.3M | $428.2M | ||
| Q3 24 | $143.8M | $127.1M | ||
| Q2 24 | $282.3M | $-241.7M |
自由现金流率FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | 58.3% | 30.3% | ||
| Q3 25 | -38.3% | 9.9% | ||
| Q2 25 | 4.8% | -6.6% | ||
| Q1 25 | -72.9% | 3.6% | ||
| Q4 24 | 33.2% | 18.2% | ||
| Q3 24 | 13.5% | 6.0% | ||
| Q2 24 | 27.2% | -12.1% |
资本支出强度FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.5% | ||
| Q3 25 | 4.4% | 0.6% | ||
| Q2 25 | 1.4% | 0.4% | ||
| Q1 25 | 4.0% | 0.4% | ||
| Q4 24 | 1.8% | 0.4% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.0% | 0.4% |
现金转化率FMCTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | 0.99× | -0.65× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 2.45× | 0.54× | ||
| Q2 24 | 0.99× | -1.17× |
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
FMC
| Insecticides | $440.3M | 41% |
| Herbicides | $378.8M | 35% |
| Fungicides | $140.4M | 13% |
| Plant Health | $65.6M | 6% |
| Other | $45.0M | 4% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
