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ICAHN ENTERPRISES L.P.（IEP）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是ICAHN ENTERPRISES L.P.的1.0倍（$2.7B vs $2.7B），NVR, Inc.净利率更高（13.4% vs 0.0%，领先13.4%），ICAHN ENTERPRISES L.P.同比增速更快（5.4% vs -4.7%），NVR, Inc.自由现金流更多（$436.0M vs $-496.0M），过去两年NVR, Inc.的营收复合增速更高（7.8% vs 4.5%）
伊坎企业有限合伙企业是美国上市的 Master 有限合伙企业与多元化集团，总部位于佛罗里达州阳光岛海滩的弥尔顿大厦。公司投资布局覆盖能源、汽车、食品包装、金属、房地产、家居时尚等多个领域，由知名投资人卡尔·伊坎控股，其持股比例达86%。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
IEP vs NVR — 直观对比
营收规模更大
NVR
是对方的1.0倍
$2.7B
营收增速更快
IEP
高出10.0%
-4.7%
净利率更高
NVR
高出13.4%
0.0%
自由现金流更多
NVR
多$932.0M
$-496.0M
两年增速更快
NVR
近两年复合增速
4.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.7B |
| 净利润 | $1.0M | $363.8M |
| 毛利率 | — | — |
| 营业利润率 | 0.6% | — |
| 净利率 | 0.0% | 13.4% |
| 营收同比 | 5.4% | -4.7% |
| 净利润同比 | 101.0% | -20.5% |
| 每股收益（稀释后） | — | $120.85 |
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IEPNVR
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.7B | $2.6B | ||
| Q2 25 | $2.4B | $2.6B | ||
| Q1 25 | $1.9B | $2.4B | ||
| Q4 24 | $2.6B | $2.8B | ||
| Q3 24 | $2.8B | $2.7B | ||
| Q2 24 | $2.2B | $2.6B | ||
| Q1 24 | $2.5B | $2.3B |
净利润IEPNVR
| Q4 25 | $1.0M | $363.8M | ||
| Q3 25 | $287.0M | $342.7M | ||
| Q2 25 | $-165.0M | $333.7M | ||
| Q1 25 | $-422.0M | $299.6M | ||
| Q4 24 | $-98.0M | $457.4M | ||
| Q3 24 | $22.0M | $429.3M | ||
| Q2 24 | $-331.0M | $400.9M | ||
| Q1 24 | $-38.0M | $394.3M |
营业利润率IEPNVR
| Q4 25 | 0.6% | — | ||
| Q3 25 | 19.7% | — | ||
| Q2 25 | -10.4% | — | ||
| Q1 25 | -35.0% | — | ||
| Q4 24 | -5.2% | — | ||
| Q3 24 | 2.4% | — | ||
| Q2 24 | -21.9% | — | ||
| Q1 24 | -0.8% | — |
净利率IEPNVR
| Q4 25 | 0.0% | 13.4% | ||
| Q3 25 | 10.5% | 13.1% | ||
| Q2 25 | -7.0% | 12.8% | ||
| Q1 25 | -22.6% | 12.5% | ||
| Q4 24 | -3.8% | 16.1% | ||
| Q3 24 | 0.8% | 15.7% | ||
| Q2 24 | -15.0% | 15.3% | ||
| Q1 24 | -1.5% | 16.9% |
每股收益（稀释后）IEPNVR
| Q4 25 | — | $120.85 | ||
| Q3 25 | — | $112.33 | ||
| Q2 25 | — | $108.54 | ||
| Q1 25 | — | $94.83 | ||
| Q4 24 | — | $139.09 | ||
| Q3 24 | — | $130.50 | ||
| Q2 24 | — | $120.69 | ||
| Q1 24 | — | $116.41 |
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 | $1.4B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $3.9B |
| 总资产 | $14.2B | $5.9B |
| 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IEPNVR
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.6B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.5B | — |
股东权益IEPNVR
| Q4 25 | — | $3.9B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $3.8B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | — | $4.3B |
总资产IEPNVR
| Q4 25 | $14.2B | $5.9B | ||
| Q3 25 | $14.8B | $6.0B | ||
| Q2 25 | $14.8B | $5.9B | ||
| Q1 25 | $15.5B | $6.2B | ||
| Q4 24 | $16.3B | $6.4B | ||
| Q3 24 | $17.4B | $6.5B | ||
| Q2 24 | $18.0B | $6.4B | ||
| Q1 24 | $20.1B | $6.5B |
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 | $-421.0M | $439.7M |
| 自由现金流经营现金流 - 资本支出 | $-496.0M | $436.0M |
| 自由现金流率自由现金流/营收 | -18.4% | 16.1% |
| 资本支出强度资本支出/营收 | 2.8% | 0.1% |
| 现金转化率经营现金流/净利润 | -421.00× | 1.21× |
| 过去12个月自由现金流最近4个季度 | $-654.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流IEPNVR
| Q4 25 | $-421.0M | $439.7M | ||
| Q3 25 | $15.0M | $438.7M | ||
| Q2 25 | $275.0M | $35.1M | ||
| Q1 25 | $-182.0M | $207.8M | ||
| Q4 24 | $244.0M | $637.0M | ||
| Q3 24 | $-54.0M | $358.3M | ||
| Q2 24 | $893.0M | $232.7M | ||
| Q1 24 | $-251.0M | $146.5M |
自由现金流IEPNVR
| Q4 25 | $-496.0M | $436.0M | ||
| Q3 25 | $-67.0M | $433.3M | ||
| Q2 25 | $179.0M | $26.8M | ||
| Q1 25 | $-270.0M | $200.7M | ||
| Q4 24 | $156.0M | $631.5M | ||
| Q3 24 | $-112.0M | $350.1M | ||
| Q2 24 | $827.0M | $226.3M | ||
| Q1 24 | $-319.0M | $137.5M |
自由现金流率IEPNVR
| Q4 25 | -18.4% | 16.1% | ||
| Q3 25 | -2.5% | 16.6% | ||
| Q2 25 | 7.6% | 1.0% | ||
| Q1 25 | -14.5% | 8.4% | ||
| Q4 24 | 6.1% | 22.2% | ||
| Q3 24 | -4.0% | 12.8% | ||
| Q2 24 | 37.6% | 8.7% | ||
| Q1 24 | -12.9% | 5.9% |
资本支出强度IEPNVR
| Q4 25 | 2.8% | 0.1% | ||
| Q3 25 | 3.0% | 0.2% | ||
| Q2 25 | 4.1% | 0.3% | ||
| Q1 25 | 4.7% | 0.3% | ||
| Q4 24 | 3.4% | 0.2% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 3.0% | 0.2% | ||
| Q1 24 | 2.8% | 0.4% |
现金转化率IEPNVR
| Q4 25 | -421.00× | 1.21× | ||
| Q3 25 | 0.05× | 1.28× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 1.39× | ||
| Q3 24 | -2.45× | 0.83× | ||
| Q2 24 | — | 0.58× | ||
| Q1 24 | — | 0.37× |
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
IEP
| Public Utilities Inventory Petroleum Products | $1.6B | 61% |
| Other | $381.0M | 14% |
| Automotive Services | $345.0M | 13% |
| Nitrogen Fertilizer Products | $131.0M | 5% |
| Food Packaging Segment | $82.0M | 3% |
| Home Fashion Segment | $45.0M | 2% |
| Renewable Products | $32.0M | 1% |
| Pharma Segment | $23.0M | 1% |
| Holding Company | $11.0M | 0% |
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
