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格罗方德（GFS）与KB HOME（KBH）财务数据对比。点击上方公司名可切换其他公司
KB HOME的季度营收约是格罗方德的1.0倍（$1.7B vs $1.7B），格罗方德净利率更高（14.8% vs 6.0%，领先8.8%），格罗方德同比增速更快（-2.9% vs -15.3%），过去两年KB HOME的营收复合增速更高（7.4% vs -4.3%）
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
KB Home是美国知名住宅建造企业，1957年于密歇根州底特律成立，前身为Kaufman & Broad，是首家在纽约证券交易所上市的住宅建造商，总部现位于加利福尼亚州洛杉矶。
GFS vs KBH — 直观对比
营收规模更大
KBH
是对方的1.0倍
$1.7B
营收增速更快
GFS
高出12.3%
-15.3%
净利率更高
GFS
高出8.8%
6.0%
两年增速更快
KBH
近两年复合增速
-4.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $249.0M | $101.5M |
| 毛利率 | 24.8% | — |
| 营业利润率 | 11.6% | — |
| 净利率 | 14.8% | 6.0% |
| 营收同比 | -2.9% | -15.3% |
| 净利润同比 | 39.9% | -46.7% |
| 每股收益（稀释后） | $0.44 | $1.55 |
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GFSKBH
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.7B | $1.6B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.6B | $1.4B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $1.5B | $1.5B |
净利润GFSKBH
| Q4 25 | — | $101.5M | ||
| Q3 25 | $249.0M | $109.8M | ||
| Q2 25 | $228.0M | $107.9M | ||
| Q1 25 | $211.0M | $109.6M | ||
| Q4 24 | — | $190.6M | ||
| Q3 24 | $178.0M | $157.3M | ||
| Q2 24 | $155.0M | $168.4M | ||
| Q1 24 | $134.0M | $138.7M |
毛利率GFSKBH
| Q4 25 | — | — | ||
| Q3 25 | 24.8% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 22.4% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 24.2% | — | ||
| Q1 24 | 25.4% | — |
营业利润率GFSKBH
| Q4 25 | — | — | ||
| Q3 25 | 11.6% | — | ||
| Q2 25 | 11.6% | — | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 9.5% | — | ||
| Q1 24 | 9.5% | — |
净利率GFSKBH
| Q4 25 | — | 6.0% | ||
| Q3 25 | 14.8% | 6.8% | ||
| Q2 25 | 13.5% | 7.1% | ||
| Q1 25 | 13.3% | 7.9% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | 10.2% | 9.0% | ||
| Q2 24 | 9.5% | 9.9% | ||
| Q1 24 | 8.7% | 9.4% |
每股收益（稀释后）GFSKBH
| Q4 25 | — | $1.55 | ||
| Q3 25 | $0.44 | $1.61 | ||
| Q2 25 | $0.41 | $1.50 | ||
| Q1 25 | $0.38 | $1.49 | ||
| Q4 24 | — | $2.50 | ||
| Q3 24 | $0.32 | $2.04 | ||
| Q2 24 | $0.28 | $2.15 | ||
| Q1 24 | $0.24 | $1.76 |
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 | $2.0B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $11.8B | $3.9B |
| 总资产 | $16.7B | $6.7B |
| 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GFSKBH
| Q4 25 | — | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.2B | — |
股东权益GFSKBH
| Q4 25 | — | $3.9B | ||
| Q3 25 | $11.8B | $3.9B | ||
| Q2 25 | $11.5B | $4.0B | ||
| Q1 25 | $11.1B | $4.1B | ||
| Q4 24 | — | $4.1B | ||
| Q3 24 | $11.6B | $4.0B | ||
| Q2 24 | $11.3B | $4.0B | ||
| Q1 24 | $11.3B | $3.9B |
总资产GFSKBH
| Q4 25 | — | $6.7B | ||
| Q3 25 | $16.7B | $7.0B | ||
| Q2 25 | $16.8B | $7.0B | ||
| Q1 25 | $16.5B | $7.0B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | $18.1B | $6.8B | ||
| Q2 24 | — | $6.8B | ||
| Q1 24 | — | $6.7B |
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 | $595.0M | $303.8M |
| 自由现金流经营现金流 - 资本支出 | — | $290.1M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | 2.39× | 2.99× |
| 过去12个月自由现金流最近4个季度 | — | $287.3M |
8季度趋势，按日历期对齐
经营现金流GFSKBH
| Q4 25 | — | $303.8M | ||
| Q3 25 | $595.0M | $197.7M | ||
| Q2 25 | $431.0M | $168.4M | ||
| Q1 25 | $331.0M | $-334.3M | ||
| Q4 24 | — | $362.6M | ||
| Q3 24 | $375.0M | $-89.9M | ||
| Q2 24 | $402.0M | $61.5M | ||
| Q1 24 | $488.0M | $28.5M |
自由现金流GFSKBH
| Q4 25 | — | $290.1M | ||
| Q3 25 | — | $185.8M | ||
| Q2 25 | — | $156.9M | ||
| Q1 25 | — | $-345.5M | ||
| Q4 24 | — | $352.6M | ||
| Q3 24 | — | $-99.4M | ||
| Q2 24 | — | $51.2M | ||
| Q1 24 | — | $19.1M |
自由现金流率GFSKBH
| Q4 25 | — | 17.1% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | -24.8% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | -5.7% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 1.3% |
资本支出强度GFSKBH
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.5% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率GFSKBH
| Q4 25 | — | 2.99× | ||
| Q3 25 | 2.39× | 1.80× | ||
| Q2 25 | 1.89× | 1.56× | ||
| Q1 25 | 1.57× | -3.05× | ||
| Q4 24 | — | 1.90× | ||
| Q3 24 | 2.11× | -0.57× | ||
| Q2 24 | 2.59× | 0.37× | ||
| Q1 24 | 3.64× | 0.21× |
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
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
