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KB HOME（KBH）与美泰（MAT）财务数据对比。点击上方公司名可切换其他公司
KB HOME的季度营收约是美泰的2.0倍（$1.7B vs $862.2M），美泰净利率更高（7.1% vs 6.0%，领先1.1%），美泰同比增速更快（4.3% vs -15.3%），KB HOME自由现金流更多（$290.1M vs $-88.1M），过去两年KB HOME的营收复合增速更高（7.4% vs -10.6%）
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。
美泰是美国知名玩具及娱乐企业，旗下影视制作部门美泰影业运营时间为2018年9月6日至2025年6月2日。其前身为2013年10月16日成立的美泰Playground Productions，更早可追溯至美泰娱乐、美泰工作室等集团原有娱乐业务品牌。
KBH vs MAT — 直观对比
营收规模更大
KBH
是对方的2.0倍
$862.2M
营收增速更快
MAT
高出19.6%
-15.3%
净利率更高
MAT
高出1.1%
6.0%
自由现金流更多
KBH
多$378.2M
$-88.1M
两年增速更快
KBH
近两年复合增速
-10.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $862.2M |
| 净利润 | $101.5M | $61.0M |
| 毛利率 | — | 44.9% |
| 营业利润率 | — | — |
| 净利率 | 6.0% | 7.1% |
| 营收同比 | -15.3% | 4.3% |
| 净利润同比 | -46.7% | 251.4% |
| 每股收益（稀释后） | $1.55 | $0.20 |
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KBHMAT
| Q1 26 | — | $862.2M | ||
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.0B | ||
| Q1 25 | $1.4B | $826.6M | ||
| Q4 24 | $2.0B | $1.6B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $1.1B |
净利润KBHMAT
| Q1 26 | — | $61.0M | ||
| Q4 25 | $101.5M | $106.2M | ||
| Q3 25 | $109.8M | $278.4M | ||
| Q2 25 | $107.9M | $53.4M | ||
| Q1 25 | $109.6M | $-40.3M | ||
| Q4 24 | $190.6M | $140.9M | ||
| Q3 24 | $157.3M | $372.4M | ||
| Q2 24 | $168.4M | $56.9M |
毛利率KBHMAT
| Q1 26 | — | 44.9% | ||
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 50.0% | ||
| Q2 25 | — | 50.9% | ||
| Q1 25 | — | 49.4% | ||
| Q4 24 | — | 50.7% | ||
| Q3 24 | — | 53.1% | ||
| Q2 24 | — | 49.2% |
营业利润率KBHMAT
| Q1 26 | — | — | ||
| Q4 25 | — | 8.0% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 7.7% | ||
| Q1 25 | — | -6.4% | ||
| Q4 24 | — | 9.6% | ||
| Q3 24 | — | 26.5% | ||
| Q2 24 | — | 7.7% |
净利率KBHMAT
| Q1 26 | — | 7.1% | ||
| Q4 25 | 6.0% | 6.0% | ||
| Q3 25 | 6.8% | 16.0% | ||
| Q2 25 | 7.1% | 5.2% | ||
| Q1 25 | 7.9% | -4.9% | ||
| Q4 24 | 9.5% | 8.6% | ||
| Q3 24 | 9.0% | 20.2% | ||
| Q2 24 | 9.9% | 5.3% |
每股收益（稀释后）KBHMAT
| Q1 26 | — | $0.20 | ||
| Q4 25 | $1.55 | $0.32 | ||
| Q3 25 | $1.61 | $0.88 | ||
| Q2 25 | $1.50 | $0.16 | ||
| Q1 25 | $1.49 | $-0.12 | ||
| Q4 24 | $2.50 | $0.40 | ||
| Q3 24 | $2.04 | $1.09 | ||
| Q2 24 | $2.15 | $0.17 |
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 | — | $866.0M |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $3.9B | $2.1B |
| 总资产 | $6.7B | $6.3B |
| 负债/权益比越低杠杆越低 | — | 1.11× |
8季度趋势，按日历期对齐
现金及短期投资KBHMAT
| Q1 26 | — | $866.0M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $691.9M | ||
| Q2 25 | — | $870.5M | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $723.5M | ||
| Q2 24 | — | $722.4M |
总债务KBHMAT
| Q1 26 | — | $2.3B | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.3B |
股东权益KBHMAT
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.9B | $2.2B | ||
| Q3 25 | $3.9B | $2.3B | ||
| Q2 25 | $4.0B | $2.2B | ||
| Q1 25 | $4.1B | $2.1B | ||
| Q4 24 | $4.1B | $2.3B | ||
| Q3 24 | $4.0B | $2.3B | ||
| Q2 24 | $4.0B | $2.0B |
总资产KBHMAT
| Q1 26 | — | $6.3B | ||
| Q4 25 | $6.7B | $6.6B | ||
| Q3 25 | $7.0B | $6.6B | ||
| Q2 25 | $7.0B | $6.2B | ||
| Q1 25 | $7.0B | $6.2B | ||
| Q4 24 | $6.9B | $6.5B | ||
| Q3 24 | $6.8B | $6.5B | ||
| Q2 24 | $6.8B | $5.9B |
负债/权益比KBHMAT
| Q1 26 | — | 1.11× | ||
| Q4 25 | — | 1.04× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 1.08× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.03× | ||
| Q3 24 | — | 1.01× | ||
| Q2 24 | — | 1.18× |
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 | $-88.1M |
| 自由现金流率自由现金流/营收 | 17.1% | -10.2% |
| 资本支出强度资本支出/营收 | 0.8% | 7.6% |
| 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KBHMAT
| Q1 26 | — | — | ||
| Q4 25 | $303.8M | $796.6M | ||
| Q3 25 | $197.7M | $72.0M | ||
| Q2 25 | $168.4M | $-300.1M | ||
| Q1 25 | $-334.3M | $24.8M | ||
| Q4 24 | $362.6M | $862.1M | ||
| Q3 24 | $-89.9M | $155.8M | ||
| Q2 24 | $61.5M | $-252.9M |
自由现金流KBHMAT
| Q1 26 | — | $-88.1M | ||
| Q4 25 | $290.1M | — | ||
| Q3 25 | $185.8M | — | ||
| Q2 25 | $156.9M | — | ||
| Q1 25 | $-345.5M | — | ||
| Q4 24 | $352.6M | — | ||
| Q3 24 | $-99.4M | — | ||
| Q2 24 | $51.2M | — |
自由现金流率KBHMAT
| Q1 26 | — | -10.2% | ||
| Q4 25 | 17.1% | — | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | -24.8% | — | ||
| Q4 24 | 17.6% | — | ||
| Q3 24 | -5.7% | — | ||
| Q2 24 | 3.0% | — |
资本支出强度KBHMAT
| Q1 26 | — | 7.6% | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 0.6% | — |
现金转化率KBHMAT
| Q1 26 | — | — | ||
| Q4 25 | 2.99× | 7.50× | ||
| Q3 25 | 1.80× | 0.26× | ||
| Q2 25 | 1.56× | -5.62× | ||
| Q1 25 | -3.05× | — | ||
| Q4 24 | 1.90× | 6.12× | ||
| Q3 24 | -0.57× | 0.42× | ||
| Q2 24 | 0.37× | -4.45× |
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% |
MAT
暂无分部数据
