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KB HOME（KBH）与LGI Homes, Inc.（LGIH）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LGI Homes, Inc.的3.6倍（$1.7B vs $474.0M）。KB HOME净利率更高（6.0% vs 3.7%，领先2.3%）。LGI Homes, Inc.同比增速更快（-15.0% vs -15.3%）。过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs 7.4%）
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。
LGI Homes是一家总部位于美国得克萨斯州的新建住宅开发商，业务聚焦美国西南部地区。据《建筑商》杂志统计，该公司目前是美国第十大住宅建筑商，2019年共交付房屋7690套，较2018年增长18.1%，全年房屋销售营收达18亿美元，行业规模位居美国前列。
KBH vs LGIH — 直观对比
营收规模更大
KBH
是对方的3.6倍
$474.0M
营收增速更快
LGIH
高出0.3%
-15.3%
净利率更高
KBH
高出2.3%
3.7%
两年增速更快
LGIH
近两年复合增速
7.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $474.0M |
| 净利润 | $101.5M | $17.3M |
| 毛利率 | — | 17.7% |
| 营业利润率 | — | 3.9% |
| 净利率 | 6.0% | 3.7% |
| 营收同比 | -15.3% | -15.0% |
| 净利润同比 | -46.7% | -66.0% |
| 每股收益（稀释后） | $1.55 | $0.74 |
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KBHLGIH
| Q4 25 | $1.7B | $474.0M | ||
| Q3 25 | $1.6B | $396.6M | ||
| Q2 25 | $1.5B | $483.5M | ||
| Q1 25 | $1.4B | $351.4M | ||
| Q4 24 | $2.0B | $557.4M | ||
| Q3 24 | $1.8B | $651.9M | ||
| Q2 24 | $1.7B | $602.5M | ||
| Q1 24 | $1.5B | $390.9M |
净利润KBHLGIH
| Q4 25 | $101.5M | $17.3M | ||
| Q3 25 | $109.8M | $19.7M | ||
| Q2 25 | $107.9M | $31.5M | ||
| Q1 25 | $109.6M | $4.0M | ||
| Q4 24 | $190.6M | $50.9M | ||
| Q3 24 | $157.3M | $69.6M | ||
| Q2 24 | $168.4M | $58.6M | ||
| Q1 24 | $138.7M | $17.1M |
毛利率KBHLGIH
| Q4 25 | — | 17.7% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 22.9% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | — | 25.0% | ||
| Q1 24 | — | 23.4% |
营业利润率KBHLGIH
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | 8.2% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 8.2% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 11.2% | ||
| Q1 24 | — | 4.8% |
净利率KBHLGIH
| Q4 25 | 6.0% | 3.7% | ||
| Q3 25 | 6.8% | 5.0% | ||
| Q2 25 | 7.1% | 6.5% | ||
| Q1 25 | 7.9% | 1.1% | ||
| Q4 24 | 9.5% | 9.1% | ||
| Q3 24 | 9.0% | 10.7% | ||
| Q2 24 | 9.9% | 9.7% | ||
| Q1 24 | 9.4% | 4.4% |
每股收益（稀释后）KBHLGIH
| Q4 25 | $1.55 | $0.74 | ||
| Q3 25 | $1.61 | $0.85 | ||
| Q2 25 | $1.50 | $1.36 | ||
| Q1 25 | $1.49 | $0.17 | ||
| Q4 24 | $2.50 | $2.15 | ||
| Q3 24 | $2.04 | $2.95 | ||
| Q2 24 | $2.15 | $2.48 | ||
| Q1 24 | $1.76 | $0.72 |
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 | — | $1.7B |
| 股东权益账面价值 | $3.9B | $2.1B |
| 总资产 | $6.7B | $3.9B |
| 负债/权益比越低杠杆越低 | — | 0.79× |
8季度趋势，按日历期对齐
现金及短期投资KBHLGIH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $53.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务KBHLGIH
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KBHLGIH
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | $3.9B | $2.1B | ||
| Q2 25 | $4.0B | $2.1B | ||
| Q1 25 | $4.1B | $2.0B | ||
| Q4 24 | $4.1B | $2.0B | ||
| Q3 24 | $4.0B | $2.0B | ||
| Q2 24 | $4.0B | $1.9B | ||
| Q1 24 | $3.9B | $1.9B |
总资产KBHLGIH
| Q4 25 | $6.7B | $3.9B | ||
| Q3 25 | $7.0B | $4.0B | ||
| Q2 25 | $7.0B | $4.0B | ||
| Q1 25 | $7.0B | $3.9B | ||
| Q4 24 | $6.9B | $3.8B | ||
| Q3 24 | $6.8B | $3.8B | ||
| Q2 24 | $6.8B | $3.7B | ||
| Q1 24 | $6.7B | $3.5B |
负债/权益比KBHLGIH
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $303.8M | $86.8M |
| 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% | 0.0% |
| 现金转化率经营现金流/净利润 | 2.99× | 5.01× |
| 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KBHLGIH
| Q4 25 | $303.8M | $86.8M | ||
| Q3 25 | $197.7M | $-13.2M | ||
| Q2 25 | $168.4M | $-86.4M | ||
| Q1 25 | $-334.3M | $-127.1M | ||
| Q4 24 | $362.6M | $57.0M | ||
| Q3 24 | $-89.9M | $-17.8M | ||
| Q2 24 | $61.5M | $-83.5M | ||
| Q1 24 | $28.5M | $-99.5M |
自由现金流KBHLGIH
| Q4 25 | $290.1M | — | ||
| Q3 25 | $185.8M | $-13.3M | ||
| Q2 25 | $156.9M | $-86.4M | ||
| Q1 25 | $-345.5M | $-128.0M | ||
| Q4 24 | $352.6M | $56.4M | ||
| Q3 24 | $-99.4M | $-17.8M | ||
| Q2 24 | $51.2M | $-83.8M | ||
| Q1 24 | $19.1M | $-100.5M |
自由现金流率KBHLGIH
| Q4 25 | 17.1% | — | ||
| Q3 25 | 11.5% | -3.3% | ||
| Q2 25 | 10.3% | -17.9% | ||
| Q1 25 | -24.8% | -36.4% | ||
| Q4 24 | 17.6% | 10.1% | ||
| Q3 24 | -5.7% | -2.7% | ||
| Q2 24 | 3.0% | -13.9% | ||
| Q1 24 | 1.3% | -25.7% |
资本支出强度KBHLGIH
| Q4 25 | 0.8% | 0.0% | ||
| Q3 25 | 0.7% | 0.0% | ||
| Q2 25 | 0.8% | 0.0% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.5% | 0.1% | ||
| Q3 24 | 0.5% | 0.0% | ||
| Q2 24 | 0.6% | 0.0% | ||
| Q1 24 | 0.6% | 0.3% |
现金转化率KBHLGIH
| Q4 25 | 2.99× | 5.01× | ||
| Q3 25 | 1.80× | -0.67× | ||
| Q2 25 | 1.56× | -2.74× | ||
| Q1 25 | -3.05× | -31.83× | ||
| Q4 24 | 1.90× | 1.12× | ||
| Q3 24 | -0.57× | -0.26× | ||
| Q2 24 | 0.37× | -1.43× | ||
| Q1 24 | 0.21× | -5.83× |
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
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
LGIH
| West Reportable Segment | $128.2M | 27% |
| Southeast Reportable Segment | $118.9M | 25% |
| Central Reportable Segment | $105.8M | 22% |
| Florida Reportable Segment | $69.2M | 15% |
| Northwest Reportable Segment | $51.8M | 11% |
