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GFL Environmental Inc.（GFL）与Lennar（LEN）财务数据对比。点击上方公司名可切换其他公司
Lennar的季度营收约是GFL Environmental Inc.的1.9倍（$9.4B vs $4.9B），Lennar净利率更高（5.2% vs -13.9%，领先19.2%）
GFL Environmental Inc.是美加跨国废弃物管理企业，2007年成立于加拿大安大略省沃恩市，现总部设于美国佛罗里达州迈阿密海滩。公司业务覆盖加拿大所有省份及美国大部分区域，现有员工超2万人，面向市政、住宅、工商业及机构客户提供专业环境服务。
Lennar Corporation是总部位于美国佛罗里达州迈阿密-戴德县的住宅建筑企业，截至2025年按房屋销量统计为美国第二大住宅建筑商。公司业务覆盖多户型及单户住宅租赁物业投资、高端地产开发，旗下LenX板块布局地产科技，另有Lennar Mortgage提供按揭贷款服务。
GFL vs LEN — 直观对比
营收规模更大
LEN
是对方的1.9倍
$4.9B
净利率更高
LEN
高出19.2%
-13.9%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.9B | $9.4B |
| 净利润 | $-686.1M | $490.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 7.3% |
| 净利率 | -13.9% | 5.2% |
| 营收同比 | — | -5.8% |
| 净利润同比 | — | -55.3% |
| 每股收益（稀释后） | — | — |
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GFLLEN
| Q4 25 | — | $9.4B | ||
| Q3 25 | $4.9B | $8.8B | ||
| Q2 25 | $3.2B | $8.4B | ||
| Q1 25 | $1.6B | $7.6B | ||
| Q4 24 | — | $9.9B | ||
| Q3 24 | $5.9B | $9.4B | ||
| Q2 24 | $3.9B | $8.8B | ||
| Q1 24 | $1.8B | $7.3B |
净利润GFLLEN
| Q4 25 | — | $490.2M | ||
| Q3 25 | $-686.1M | $591.0M | ||
| Q2 25 | $-727.7M | $477.4M | ||
| Q1 25 | $-195.8M | $519.5M | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $94.3M | $1.2B | ||
| Q2 24 | — | $954.3M | ||
| Q1 24 | $-217.8M | $719.3M |
营业利润率GFLLEN
| Q4 25 | — | 7.3% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 14.4% | ||
| Q1 24 | — | 12.7% |
净利率GFLLEN
| Q4 25 | — | 5.2% | ||
| Q3 25 | -13.9% | 6.7% | ||
| Q2 25 | -22.5% | 5.7% | ||
| Q1 25 | -12.6% | 6.8% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | 1.6% | 12.3% | ||
| Q2 24 | — | 10.9% | ||
| Q1 24 | -12.1% | 9.8% |
每股收益（稀释后）GFLLEN
| Q4 25 | — | — | ||
| Q3 25 | — | $2.29 | ||
| Q2 25 | — | $1.81 | ||
| Q1 25 | — | $1.96 | ||
| Q4 24 | — | $4.03 | ||
| Q3 24 | — | $4.26 | ||
| Q2 24 | — | $3.45 | ||
| Q1 24 | — | $2.57 |
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 | — | $3.8B |
| 总债务越低越好 | — | $5.9B |
| 股东权益账面价值 | — | $22.0B |
| 总资产 | — | $34.4B |
| 负债/权益比越低杠杆越低 | — | 0.27× |
8季度趋势，按日历期对齐
现金及短期投资GFLLEN
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $4.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务GFLLEN
| Q4 25 | — | $5.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益GFLLEN
| Q4 25 | — | $22.0B | ||
| Q3 25 | — | $22.6B | ||
| Q2 25 | — | $22.6B | ||
| Q1 25 | — | $22.7B | ||
| Q4 24 | — | $27.9B | ||
| Q3 24 | — | $27.4B | ||
| Q2 24 | — | $26.9B | ||
| Q1 24 | — | $26.6B |
总资产GFLLEN
| Q4 25 | — | $34.4B | ||
| Q3 25 | — | $34.9B | ||
| Q2 25 | — | $34.4B | ||
| Q1 25 | — | $35.0B | ||
| Q4 24 | — | $41.3B | ||
| Q3 24 | — | $39.7B | ||
| Q2 24 | — | $38.7B | ||
| Q1 24 | — | $39.0B |
负债/权益比GFLLEN
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.15× | ||
| 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 | — | $1.8B |
| 自由现金流经营现金流 - 资本支出 | — | $1.7B |
| 自由现金流率自由现金流/营收 | — | 17.9% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | — | 3.59× |
| 过去12个月自由现金流最近4个季度 | — | $28.2M |
8季度趋势，按日历期对齐
经营现金流GFLLEN
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $-158.6M | ||
| Q2 25 | — | $-1.1B | ||
| Q1 25 | — | $-289.0M | ||
| Q4 24 | — | $974.5M | ||
| Q3 24 | — | $819.2M | ||
| Q2 24 | — | $241.8M | ||
| Q1 24 | — | $367.9M |
自由现金流GFLLEN
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $-190.8M | ||
| Q2 25 | — | $-1.1B | ||
| Q1 25 | — | $-345.1M | ||
| Q4 24 | — | $933.1M | ||
| Q3 24 | — | $800.8M | ||
| Q2 24 | — | $203.0M | ||
| Q1 24 | — | $294.9M |
自由现金流率GFLLEN
| Q4 25 | — | 17.9% | ||
| Q3 25 | — | -2.2% | ||
| Q2 25 | — | -13.3% | ||
| Q1 25 | — | -4.5% | ||
| Q4 24 | — | 9.4% | ||
| Q3 24 | — | 8.5% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | — | 4.0% |
资本支出强度GFLLEN
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 1.0% |
现金转化率GFLLEN
| Q4 25 | — | 3.59× | ||
| Q3 25 | — | -0.27× | ||
| Q2 25 | — | -2.29× | ||
| Q1 25 | — | -0.56× | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.25× | ||
| Q1 24 | — | 0.51× |
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
GFL
暂无分部数据
LEN
| Lennar Homebuilding East Central West Houstonand Other | $8.9B | 95% |
| Lennar Financial Services | $308.8M | 3% |
| Lennar Multifamily | $158.7M | 2% |
| Lennar Other | $14.8M | 0% |
| Homebuilding Other Regions | $3.9M | 0% |
