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景顺（IVZ）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的季度营收约是景顺的1.0倍（$1.7B vs $1.7B），KB HOME净利率更高（6.0% vs -58.9%，领先64.9%），景顺同比增速更快（6.2% vs -15.3%），景顺自由现金流更多（$432.2M vs $290.1M），过去两年KB HOME的营收复合增速更高（7.4% vs 7.1%）
景顺是总部位于美国佐治亚州亚特兰大的独立投资管理企业，在全球20个国家设有分支机构，旗下运营景顺、Invesco Perpetual、PowerShares等品牌，普通股为标普500指数成分股，于纽约证券交易所挂牌交易。
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。
IVZ 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
IVZ
高出21.5%
-15.3%
净利率更高
KBH
高出64.9%
-58.9%
自由现金流更多
IVZ
多$142.1M
$290.1M
两年增速更快
KBH
近两年复合增速
7.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $-995.9M | $101.5M |
| 毛利率 | — | — |
| 营业利润率 | -86.2% | — |
| 净利率 | -58.9% | 6.0% |
| 营收同比 | 6.2% | -15.3% |
| 净利润同比 | -575.8% | -46.7% |
| 每股收益（稀释后） | $-2.61 | $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IVZKBH
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $1.7B | ||
| Q1 24 | $1.5B | $1.5B |
净利润IVZKBH
| Q4 25 | $-995.9M | $101.5M | ||
| Q3 25 | $356.4M | $109.8M | ||
| Q2 25 | $197.4M | $107.9M | ||
| Q1 25 | $171.1M | $109.6M | ||
| Q4 24 | $209.3M | $190.6M | ||
| Q3 24 | $55.0M | $157.3M | ||
| Q2 24 | $132.2M | $168.4M | ||
| Q1 24 | $141.5M | $138.7M |
营业利润率IVZKBH
| Q4 25 | -86.2% | — | ||
| Q3 25 | 16.5% | — | ||
| Q2 25 | 14.1% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 19.6% | — | ||
| Q3 24 | 6.6% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 14.4% | — |
净利率IVZKBH
| Q4 25 | -58.9% | 6.0% | ||
| Q3 25 | 21.7% | 6.8% | ||
| Q2 25 | 13.0% | 7.1% | ||
| Q1 25 | 11.2% | 7.9% | ||
| Q4 24 | 13.1% | 9.5% | ||
| Q3 24 | 3.6% | 9.0% | ||
| Q2 24 | 8.9% | 9.9% | ||
| Q1 24 | 9.6% | 9.4% |
每股收益（稀释后）IVZKBH
| Q4 25 | $-2.61 | $1.55 | ||
| Q3 25 | $0.66 | $1.61 | ||
| Q2 25 | $-0.03 | $1.50 | ||
| Q1 25 | $0.38 | $1.49 | ||
| Q4 24 | $0.46 | $2.50 | ||
| Q3 24 | $0.12 | $2.04 | ||
| Q2 24 | $0.29 | $2.15 | ||
| Q1 24 | $0.31 | $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 | $1.0B | — |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $12.2B | $3.9B |
| 总资产 | $27.1B | $6.7B |
| 负债/权益比越低杠杆越低 | 0.15× | — |
8季度趋势，按日历期对齐
现金及短期投资IVZKBH
| Q4 25 | $1.0B | — | ||
| Q3 25 | $973.1M | — | ||
| Q2 25 | $922.7M | — | ||
| Q1 25 | $821.7M | — | ||
| Q4 24 | $986.5M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $878.5M | — | ||
| Q1 24 | $895.7M | — |
总债务IVZKBH
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | — | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | — | ||
| Q1 24 | $1.3B | — |
股东权益IVZKBH
| Q4 25 | $12.2B | $3.9B | ||
| Q3 25 | $14.0B | $3.9B | ||
| Q2 25 | $13.9B | $4.0B | ||
| Q1 25 | $14.7B | $4.1B | ||
| Q4 24 | $14.6B | $4.1B | ||
| Q3 24 | $14.8B | $4.0B | ||
| Q2 24 | $14.6B | $4.0B | ||
| Q1 24 | $14.6B | $3.9B |
总资产IVZKBH
| Q4 25 | $27.1B | $6.7B | ||
| Q3 25 | $28.4B | $7.0B | ||
| Q2 25 | $28.5B | $7.0B | ||
| Q1 25 | $28.1B | $7.0B | ||
| Q4 24 | $27.0B | $6.9B | ||
| Q3 24 | $27.5B | $6.8B | ||
| Q2 24 | $27.2B | $6.8B | ||
| Q1 24 | $28.1B | $6.7B |
负债/权益比IVZKBH
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.09× | — |
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 | $455.8M | $303.8M |
| 自由现金流经营现金流 - 资本支出 | $432.2M | $290.1M |
| 自由现金流率自由现金流/营收 | 25.5% | 17.1% |
| 资本支出强度资本支出/营收 | 1.4% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 2.99× |
| 过去12个月自由现金流最近4个季度 | $1.4B | $287.3M |
8季度趋势，按日历期对齐
经营现金流IVZKBH
| Q4 25 | $455.8M | $303.8M | ||
| Q3 25 | $606.2M | $197.7M | ||
| Q2 25 | $547.9M | $168.4M | ||
| Q1 25 | $-84.6M | $-334.3M | ||
| Q4 24 | $316.9M | $362.6M | ||
| Q3 24 | $438.4M | $-89.9M | ||
| Q2 24 | $489.1M | $61.5M | ||
| Q1 24 | $-54.4M | $28.5M |
自由现金流IVZKBH
| Q4 25 | $432.2M | $290.1M | ||
| Q3 25 | $586.4M | $185.8M | ||
| Q2 25 | $530.4M | $156.9M | ||
| Q1 25 | $-108.0M | $-345.5M | ||
| Q4 24 | $309.9M | $352.6M | ||
| Q3 24 | $410.0M | $-99.4M | ||
| Q2 24 | $462.4M | $51.2M | ||
| Q1 24 | $-75.4M | $19.1M |
自由现金流率IVZKBH
| Q4 25 | 25.5% | 17.1% | ||
| Q3 25 | 35.7% | 11.5% | ||
| Q2 25 | 35.0% | 10.3% | ||
| Q1 25 | -7.1% | -24.8% | ||
| Q4 24 | 19.5% | 17.6% | ||
| Q3 24 | 27.1% | -5.7% | ||
| Q2 24 | 31.2% | 3.0% | ||
| Q1 24 | -5.1% | 1.3% |
资本支出强度IVZKBH
| Q4 25 | 1.4% | 0.8% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 1.2% | 0.8% | ||
| Q1 25 | 1.5% | 0.8% | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 1.8% | 0.6% | ||
| Q1 24 | 1.4% | 0.6% |
现金转化率IVZKBH
| Q4 25 | — | 2.99× | ||
| Q3 25 | 1.70× | 1.80× | ||
| Q2 25 | 2.78× | 1.56× | ||
| Q1 25 | -0.49× | -3.05× | ||
| Q4 24 | 1.51× | 1.90× | ||
| Q3 24 | 7.97× | -0.57× | ||
| Q2 24 | 3.70× | 0.37× | ||
| Q1 24 | -0.38× | 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
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
