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KB HOME（KBH）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是KB HOME的1.1倍（$1.9B vs $1.7B），Masco净利率更高（11.9% vs 6.0%，领先5.9%），Masco同比增速更快（6.5% vs -15.3%），过去两年KB HOME的营收复合增速更高（7.4% vs -4.2%）
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。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
KBH vs MAS — 直观对比
营收规模更大
MAS
是对方的1.1倍
$1.7B
营收增速更快
MAS
高出21.8%
-15.3%
净利率更高
MAS
高出5.9%
6.0%
两年增速更快
KBH
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.9B |
| 净利润 | $101.5M | $228.0M |
| 毛利率 | — | 35.8% |
| 营业利润率 | — | 16.5% |
| 净利率 | 6.0% | 11.9% |
| 营收同比 | -15.3% | 6.5% |
| 净利润同比 | -46.7% | 14.5% |
| 每股收益（稀释后） | $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KBHMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.6B | $1.9B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | $1.7B | $2.1B |
净利润KBHMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $101.5M | $165.0M | ||
| Q3 25 | $109.8M | $189.0M | ||
| Q2 25 | $107.9M | $270.0M | ||
| Q1 25 | $109.6M | $186.0M | ||
| Q4 24 | $190.6M | $182.0M | ||
| Q3 24 | $157.3M | $167.0M | ||
| Q2 24 | $168.4M | $258.0M |
毛利率KBHMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | — | 33.9% | ||
| Q3 25 | — | 34.2% | ||
| Q2 25 | — | 37.6% | ||
| Q1 25 | — | 35.8% | ||
| Q4 24 | — | 34.8% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 37.5% |
营业利润率KBHMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 15.8% | ||
| Q2 25 | — | 20.1% | ||
| Q1 25 | — | 15.9% | ||
| Q4 24 | — | 15.9% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 19.0% |
净利率KBHMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 6.0% | 9.2% | ||
| Q3 25 | 6.8% | 9.9% | ||
| Q2 25 | 7.1% | 13.2% | ||
| Q1 25 | 7.9% | 10.3% | ||
| Q4 24 | 9.5% | 10.0% | ||
| Q3 24 | 9.0% | 8.4% | ||
| Q2 24 | 9.9% | 12.3% |
每股收益（稀释后）KBHMAS
| Q1 26 | — | — | ||
| Q4 25 | $1.55 | $0.81 | ||
| Q3 25 | $1.61 | $0.90 | ||
| Q2 25 | $1.50 | $1.28 | ||
| Q1 25 | $1.49 | $0.87 | ||
| Q4 24 | $2.50 | $0.85 | ||
| Q3 24 | $2.04 | $0.77 | ||
| Q2 24 | $2.15 | $1.17 |
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 | — | $2.9B |
| 股东权益账面价值 | $3.9B | $27.0M |
| 总资产 | $6.7B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资KBHMAS
| Q1 26 | — | — | ||
| Q4 25 | — | $647.0M | ||
| Q3 25 | — | $559.0M | ||
| Q2 25 | — | $390.0M | ||
| Q1 25 | — | $377.0M | ||
| Q4 24 | — | $634.0M | ||
| Q3 24 | — | $646.0M | ||
| Q2 24 | — | $398.0M |
总债务KBHMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益KBHMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $3.9B | $-185.0M | ||
| Q3 25 | $3.9B | $-78.0M | ||
| Q2 25 | $4.0B | $-84.0M | ||
| Q1 25 | $4.1B | $-254.0M | ||
| Q4 24 | $4.1B | $-279.0M | ||
| Q3 24 | $4.0B | $-88.0M | ||
| Q2 24 | $4.0B | $-26.0M |
总资产KBHMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $6.7B | $5.2B | ||
| Q3 25 | $7.0B | $5.3B | ||
| Q2 25 | $7.0B | $5.3B | ||
| Q1 25 | $7.0B | $5.1B | ||
| Q4 24 | $6.9B | $5.0B | ||
| Q3 24 | $6.8B | $5.3B | ||
| Q2 24 | $6.8B | $5.4B |
负债/权益比KBHMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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% | 1.8% |
| 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 | $287.3M | — |
8季度趋势，按日历期对齐
经营现金流KBHMAS
| Q1 26 | — | — | ||
| Q4 25 | $303.8M | $418.0M | ||
| Q3 25 | $197.7M | $456.0M | ||
| Q2 25 | $168.4M | $306.0M | ||
| Q1 25 | $-334.3M | $-158.0M | ||
| Q4 24 | $362.6M | $407.0M | ||
| Q3 24 | $-89.9M | $416.0M | ||
| Q2 24 | $61.5M | $346.0M |
自由现金流KBHMAS
| Q1 26 | — | — | ||
| Q4 25 | $290.1M | $371.0M | ||
| Q3 25 | $185.8M | $415.0M | ||
| Q2 25 | $156.9M | $270.0M | ||
| Q1 25 | $-345.5M | $-190.0M | ||
| Q4 24 | $352.6M | $351.0M | ||
| Q3 24 | $-99.4M | $378.0M | ||
| Q2 24 | $51.2M | $303.0M |
自由现金流率KBHMAS
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 20.7% | ||
| Q3 25 | 11.5% | 21.6% | ||
| Q2 25 | 10.3% | 13.2% | ||
| Q1 25 | -24.8% | -10.5% | ||
| Q4 24 | 17.6% | 19.2% | ||
| Q3 24 | -5.7% | 19.1% | ||
| Q2 24 | 3.0% | 14.5% |
资本支出强度KBHMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.8% | 2.6% | ||
| Q3 25 | 0.7% | 2.1% | ||
| Q2 25 | 0.8% | 1.8% | ||
| Q1 25 | 0.8% | 1.8% | ||
| Q4 24 | 0.5% | 3.1% | ||
| Q3 24 | 0.5% | 1.9% | ||
| Q2 24 | 0.6% | 2.1% |
现金转化率KBHMAS
| Q1 26 | — | — | ||
| Q4 25 | 2.99× | 2.53× | ||
| Q3 25 | 1.80× | 2.41× | ||
| Q2 25 | 1.56× | 1.13× | ||
| Q1 25 | -3.05× | -0.85× | ||
| Q4 24 | 1.90× | 2.24× | ||
| Q3 24 | -0.57× | 2.49× | ||
| Q2 24 | 0.37× | 1.34× |
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% |
MAS
暂无分部数据
