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Installed Building Products, Inc.（IBP）与思佳讯（SWKS）财务数据对比。点击上方公司名可切换其他公司
思佳讯的季度营收约是Installed Building Products, Inc.的1.4倍（$1.0B vs $747.5M），Installed Building Products, Inc.净利率更高（10.2% vs 7.6%，领先2.6%），思佳讯同比增速更快（8.6% vs -0.4%），思佳讯自由现金流更多（$339.0M vs $49.3M），过去两年Installed Building Products, Inc.的营收复合增速更高（3.9% vs -0.5%）
Installed Building Products, Inc.是美国领先的建筑产品安装服务商，主营绝缘材料、排水沟、车库门、消防系统及窗帘等产品的专业安装服务，覆盖住宅新建、翻新改造及商业建筑三大领域，业务遍及美国大部分地区。
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
IBP vs SWKS — 直观对比
营收规模更大
SWKS
是对方的1.4倍
$747.5M
营收增速更快
SWKS
高出9.0%
-0.4%
净利率更高
IBP
高出2.6%
7.6%
自由现金流更多
SWKS
多$289.7M
$49.3M
两年增速更快
IBP
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $747.5M | $1.0B |
| 净利润 | $76.6M | $79.2M |
| 毛利率 | 35.0% | 41.3% |
| 营业利润率 | 14.6% | 10.0% |
| 净利率 | 10.2% | 7.6% |
| 营收同比 | -0.4% | 8.6% |
| 净利润同比 | 14.5% | 15.3% |
| 每股收益（稀释后） | $2.81 | $0.53 |
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IBPSWKS
| Q1 26 | — | $1.0B | ||
| Q4 25 | $747.5M | $1.1B | ||
| Q3 25 | $778.2M | — | ||
| Q2 25 | $760.3M | $965.0M | ||
| Q1 25 | $684.8M | $953.2M | ||
| Q4 24 | $750.2M | $1.1B | ||
| Q3 24 | $760.6M | $1.0B | ||
| Q2 24 | $737.6M | $905.5M |
净利润IBPSWKS
| Q1 26 | — | $79.2M | ||
| Q4 25 | $76.6M | $141.4M | ||
| Q3 25 | $74.4M | — | ||
| Q2 25 | $69.0M | $105.0M | ||
| Q1 25 | $45.4M | $68.7M | ||
| Q4 24 | $66.9M | $162.0M | ||
| Q3 24 | $68.6M | $60.5M | ||
| Q2 24 | $65.2M | $120.9M |
毛利率IBPSWKS
| Q1 26 | — | 41.3% | ||
| Q4 25 | 35.0% | 40.7% | ||
| Q3 25 | 34.0% | — | ||
| Q2 25 | 34.2% | 41.6% | ||
| Q1 25 | 32.7% | 41.1% | ||
| Q4 24 | 33.6% | 41.4% | ||
| Q3 24 | 33.8% | 41.9% | ||
| Q2 24 | 34.1% | 40.2% |
营业利润率IBPSWKS
| Q1 26 | — | 10.0% | ||
| Q4 25 | 14.6% | 10.1% | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 13.3% | 11.5% | ||
| Q1 25 | 10.2% | 10.2% | ||
| Q4 24 | 13.1% | 16.9% | ||
| Q3 24 | 13.3% | 5.8% | ||
| Q2 24 | 12.9% | 14.4% |
净利率IBPSWKS
| Q1 26 | — | 7.6% | ||
| Q4 25 | 10.2% | 12.9% | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | 9.1% | 10.9% | ||
| Q1 25 | 6.6% | 7.2% | ||
| Q4 24 | 8.9% | 15.2% | ||
| Q3 24 | 9.0% | 5.9% | ||
| Q2 24 | 8.8% | 13.4% |
每股收益（稀释后）IBPSWKS
| Q1 26 | — | $0.53 | ||
| Q4 25 | $2.81 | $0.95 | ||
| Q3 25 | $2.74 | — | ||
| Q2 25 | $2.52 | $0.70 | ||
| Q1 25 | $1.64 | $0.43 | ||
| Q4 24 | $2.39 | $1.00 | ||
| Q3 24 | $2.44 | $0.36 | ||
| Q2 24 | $2.30 | $0.75 |
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 | $321.9M | $1.6B |
| 总债务越低越好 | $886.6M | $496.6M |
| 股东权益账面价值 | $709.9M | $5.8B |
| 总资产 | $2.1B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.25× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资IBPSWKS
| Q1 26 | — | $1.6B | ||
| Q4 25 | $321.9M | $1.4B | ||
| Q3 25 | $333.3M | — | ||
| Q2 25 | $305.2M | $1.3B | ||
| Q1 25 | $298.7M | $1.5B | ||
| Q4 24 | $327.6M | $1.7B | ||
| Q3 24 | $406.2M | $1.6B | ||
| Q2 24 | $380.3M | $1.3B |
总债务IBPSWKS
| Q1 26 | — | $496.6M | ||
| Q4 25 | $886.6M | $496.4M | ||
| Q3 25 | $880.8M | — | ||
| Q2 25 | $876.1M | $496.2M | ||
| Q1 25 | $872.4M | $995.1M | ||
| Q4 24 | $874.8M | $994.7M | ||
| Q3 24 | $872.3M | $994.3M | ||
| Q2 24 | $875.8M | $994.0M |
股东权益IBPSWKS
| Q1 26 | — | $5.8B | ||
| Q4 25 | $709.9M | $5.8B | ||
| Q3 25 | $678.6M | — | ||
| Q2 25 | $664.5M | $5.7B | ||
| Q1 25 | $660.9M | $5.9B | ||
| Q4 24 | $705.3M | $6.4B | ||
| Q3 24 | $716.4M | $6.3B | ||
| Q2 24 | $685.3M | $6.3B |
总资产IBPSWKS
| Q1 26 | — | $7.9B | ||
| Q4 25 | $2.1B | $7.9B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | $7.7B | ||
| Q1 25 | $2.0B | $7.9B | ||
| Q4 24 | $2.1B | $8.3B | ||
| Q3 24 | $2.1B | $8.3B | ||
| Q2 24 | $2.0B | $8.2B |
负债/权益比IBPSWKS
| Q1 26 | — | 0.09× | ||
| Q4 25 | 1.25× | 0.09× | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.32× | 0.09× | ||
| Q1 25 | 1.32× | 0.17× | ||
| Q4 24 | 1.24× | 0.16× | ||
| Q3 24 | 1.22× | 0.16× | ||
| Q2 24 | 1.28× | 0.16× |
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 | $64.9M | $395.5M |
| 自由现金流经营现金流 - 资本支出 | $49.3M | $339.0M |
| 自由现金流率自由现金流/营收 | 6.6% | 32.7% |
| 资本支出强度资本支出/营收 | 2.1% | 5.5% |
| 现金转化率经营现金流/净利润 | 0.85× | 4.99× |
| 过去12个月自由现金流最近4个季度 | $300.8M | $1.1B |
8季度趋势，按日历期对齐
经营现金流IBPSWKS
| Q1 26 | — | $395.5M | ||
| Q4 25 | $64.9M | $200.0M | ||
| Q3 25 | $124.0M | — | ||
| Q2 25 | $90.4M | $314.2M | ||
| Q1 25 | $92.1M | $409.4M | ||
| Q4 24 | $74.8M | $377.2M | ||
| Q3 24 | $101.4M | $476.1M | ||
| Q2 24 | $79.0M | $273.4M |
自由现金流IBPSWKS
| Q1 26 | — | $339.0M | ||
| Q4 25 | $49.3M | $144.0M | ||
| Q3 25 | $104.8M | — | ||
| Q2 25 | $74.8M | $252.7M | ||
| Q1 25 | $71.9M | $370.9M | ||
| Q4 24 | $52.9M | $338.2M | ||
| Q3 24 | $77.3M | $393.3M | ||
| Q2 24 | $58.2M | $249.0M |
自由现金流率IBPSWKS
| Q1 26 | — | 32.7% | ||
| Q4 25 | 6.6% | 13.1% | ||
| Q3 25 | 13.5% | — | ||
| Q2 25 | 9.8% | 26.2% | ||
| Q1 25 | 10.5% | 38.9% | ||
| Q4 24 | 7.1% | 31.7% | ||
| Q3 24 | 10.2% | 38.4% | ||
| Q2 24 | 7.9% | 27.5% |
资本支出强度IBPSWKS
| Q1 26 | — | 5.5% | ||
| Q4 25 | 2.1% | 5.1% | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 2.1% | 6.4% | ||
| Q1 25 | 2.9% | 4.0% | ||
| Q4 24 | 2.9% | 3.6% | ||
| Q3 24 | 3.2% | 8.1% | ||
| Q2 24 | 2.8% | 2.7% |
现金转化率IBPSWKS
| Q1 26 | — | 4.99× | ||
| Q4 25 | 0.85× | 1.41× | ||
| Q3 25 | 1.67× | — | ||
| Q2 25 | 1.31× | 2.99× | ||
| Q1 25 | 2.03× | 5.96× | ||
| Q4 24 | 1.12× | 2.33× | ||
| Q3 24 | 1.48× | 7.87× | ||
| Q2 24 | 1.21× | 2.26× |
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
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
