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HOVNANIAN ENTERPRISES INC（HOV）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是HOVNANIAN ENTERPRISES INC的1.0倍（$828.2M vs $817.9M），Rithm Capital Corp.净利率更高（13.2% vs -0.1%，领先13.3%），Rithm Capital Corp.同比增速更快（508.5% vs -16.5%），过去两年HOVNANIAN ENTERPRISES INC的营收复合增速更高（17.3% vs -17.9%）
霍夫纳尼安企业是美国知名房地产企业，业务覆盖住宅开发全流程，包含设计、建造与销售，产品线丰富，不仅开发独立独栋住宅，也开发联排别墅、公寓以及养老住宅等高密度居住物业。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
HOV vs RITM — 直观对比
营收规模更大
RITM
是对方的1.0倍
$817.9M
营收增速更快
RITM
高出525.0%
-16.5%
净利率更高
RITM
高出13.3%
-0.1%
两年增速更快
HOV
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $817.9M | $828.2M |
| 净利润 | $-667.0K | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | -0.5% | 29.9% |
| 净利率 | -0.1% | 13.2% |
| 营收同比 | -16.5% | 508.5% |
| 净利润同比 | -100.7% | 27.7% |
| 每股收益（稀释后） | $-0.57 | $0.12 |
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HOVRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $817.9M | $1.5B | ||
| Q3 25 | $800.6M | $1.1B | ||
| Q2 25 | $686.5M | $1.2B | ||
| Q1 25 | $673.6M | $768.4M | ||
| Q4 24 | $979.6M | $2.1B | ||
| Q3 24 | $722.7M | $619.5M | ||
| Q2 24 | $708.4M | $1.2B |
净利润HOVRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $-667.0K | $85.0M | ||
| Q3 25 | $16.6M | $221.5M | ||
| Q2 25 | $19.7M | $311.7M | ||
| Q1 25 | $28.2M | $78.8M | ||
| Q4 24 | $94.3M | $290.2M | ||
| Q3 24 | $72.9M | $121.7M | ||
| Q2 24 | $50.8M | $235.6M |
营业利润率HOVRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | -0.5% | 13.8% | ||
| Q3 25 | 3.0% | 21.4% | ||
| Q2 25 | 3.9% | 25.2% | ||
| Q1 25 | 5.9% | 7.4% | ||
| Q4 24 | 12.0% | 23.8% | ||
| Q3 24 | 13.5% | 7.3% | ||
| Q2 24 | 9.8% | 23.6% |
净利率HOVRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | -0.1% | 5.7% | ||
| Q3 25 | 2.1% | 20.0% | ||
| Q2 25 | 2.9% | 25.6% | ||
| Q1 25 | 4.2% | 10.3% | ||
| Q4 24 | 9.6% | 14.0% | ||
| Q3 24 | 10.1% | 19.7% | ||
| Q2 24 | 7.2% | 19.2% |
每股收益（稀释后）HOVRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.57 | $0.09 | ||
| Q3 25 | $1.99 | $0.35 | ||
| Q2 25 | $2.43 | $0.53 | ||
| Q1 25 | $3.58 | $0.07 | ||
| Q4 24 | $12.47 | $0.50 | ||
| Q3 24 | $9.75 | $0.20 | ||
| Q2 24 | $6.66 | $0.43 |
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 | — | — |
| 总债务越低越好 | $900.7M | — |
| 股东权益账面价值 | $830.9M | $9.1B |
| 总资产 | $2.6B | $53.4B |
| 负债/权益比越低杠杆越低 | 1.08× | — |
8季度趋势，按日历期对齐
现金及短期投资HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.2B |
总债务HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | $900.7M | $35.4B | ||
| Q3 25 | $861.9M | $32.2B | ||
| Q2 25 | $864.3M | $31.2B | ||
| Q1 25 | $893.7M | $32.2B | ||
| Q4 24 | $896.2M | $32.6B | ||
| Q3 24 | $898.7M | $29.6B | ||
| Q2 24 | $933.0M | $30.1B |
股东权益HOVRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $830.9M | $8.4B | ||
| Q3 25 | $835.4M | $8.5B | ||
| Q2 25 | $820.4M | $7.9B | ||
| Q1 25 | $811.4M | $7.8B | ||
| Q4 24 | $800.3M | $7.8B | ||
| Q3 24 | $703.4M | $7.7B | ||
| Q2 24 | $647.0M | $7.3B |
总资产HOVRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $2.6B | $53.1B | ||
| Q3 25 | $2.6B | $47.2B | ||
| Q2 25 | $2.6B | $44.3B | ||
| Q1 25 | $2.5B | $45.3B | ||
| Q4 24 | $2.6B | $46.0B | ||
| Q3 24 | $2.5B | $42.3B | ||
| Q2 24 | $2.3B | $42.0B |
负债/权益比HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.08× | 4.20× | ||
| Q3 25 | 1.03× | 3.79× | ||
| Q2 25 | 1.05× | 3.92× | ||
| Q1 25 | 1.10× | 4.14× | ||
| Q4 24 | 1.12× | 4.18× | ||
| Q3 24 | 1.28× | 3.87× | ||
| Q2 24 | 1.44× | 4.10× |
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 | $169.1M | — |
| 自由现金流经营现金流 - 资本支出 | $164.0M | — |
| 自由现金流率自由现金流/营收 | 20.0% | — |
| 资本支出强度资本支出/营收 | 0.6% | — |
| 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 | $166.2M | — |
8季度趋势，按日历期对齐
经营现金流HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | $169.1M | $-114.6M | ||
| Q3 25 | $52.8M | $-2.0B | ||
| Q2 25 | $22.3M | $-557.1M | ||
| Q1 25 | $-55.9M | $1.4B | ||
| Q4 24 | $115.8M | $-1.8B | ||
| Q3 24 | $-92.3M | $768.1M | ||
| Q2 24 | $89.1M | $-55.7M |
自由现金流HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | $164.0M | — | ||
| Q3 25 | $45.8M | — | ||
| Q2 25 | $16.0M | — | ||
| Q1 25 | $-59.6M | — | ||
| Q4 24 | $111.4M | — | ||
| Q3 24 | $-95.8M | — | ||
| Q2 24 | $84.7M | — |
自由现金流率HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | 20.0% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | -8.8% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | -13.3% | — | ||
| Q2 24 | 12.0% | — |
资本支出强度HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.9% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.6% | — |
现金转化率HOVRITM
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | 3.18× | -9.22× | ||
| Q2 25 | 1.13× | -1.79× | ||
| Q1 25 | -1.98× | 18.03× | ||
| Q4 24 | 1.23× | -6.04× | ||
| Q3 24 | -1.27× | 6.31× | ||
| Q2 24 | 1.75× | -0.24× |
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
HOV
| Home Building | $789.8M | 97% |
| Financial Services | $28.1M | 3% |
| Management Fees | $7.1M | 1% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
