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KB HOME（KBH）与NEWMARK GROUP, INC.（NMRK）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NEWMARK GROUP, INC.的2.0倍（$1.7B vs $859.5M），NEWMARK GROUP, INC.净利率更高（7.9% vs 6.0%，领先1.9%），NEWMARK GROUP, INC.同比增速更快（18.1% vs -15.3%），NEWMARK GROUP, INC.自由现金流更多（$608.8M vs $290.1M），过去两年NEWMARK GROUP, INC.的营收复合增速更高（38.2% 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。
纽马克集团是一家总部位于纽约的全球性商业地产咨询及服务企业，旗下业务以Newmark品牌开展，在纳斯达克全球精选市场上市，股票代码为NMRK，为全球客户提供商业地产领域的多元专业服务。
KBH vs NMRK — 直观对比
营收规模更大
KBH
是对方的2.0倍
$859.5M
营收增速更快
NMRK
高出33.4%
-15.3%
净利率更高
NMRK
高出1.9%
6.0%
自由现金流更多
NMRK
多$318.8M
$290.1M
两年增速更快
NMRK
近两年复合增速
7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $859.5M |
| 净利润 | $101.5M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 14.4% |
| 净利率 | 6.0% | 7.9% |
| 营收同比 | -15.3% | 18.1% |
| 净利润同比 | -46.7% | 49.7% |
| 每股收益（稀释后） | $1.55 | $0.37 |
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KBHNMRK
| Q4 25 | $1.7B | $859.5M | ||
| Q3 25 | $1.6B | $715.0M | ||
| Q2 25 | $1.5B | $639.6M | ||
| Q1 25 | $1.4B | $556.2M | ||
| Q4 24 | $2.0B | $727.5M | ||
| Q3 24 | $1.8B | $568.0M | ||
| Q2 24 | $1.7B | $527.3M | ||
| Q1 24 | $1.5B | $450.2M |
净利润KBHNMRK
| Q4 25 | $101.5M | $68.0M | ||
| Q3 25 | $109.8M | $46.2M | ||
| Q2 25 | $107.9M | $20.8M | ||
| Q1 25 | $109.6M | $-8.8M | ||
| Q4 24 | $190.6M | $45.4M | ||
| Q3 24 | $157.3M | $17.8M | ||
| Q2 24 | $168.4M | $14.3M | ||
| Q1 24 | $138.7M | $-16.3M |
营业利润率KBHNMRK
| Q4 25 | — | 14.4% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 6.7% | ||
| Q1 25 | — | -3.1% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | — | 7.2% | ||
| Q2 24 | — | 7.7% | ||
| Q1 24 | — | -5.0% |
净利率KBHNMRK
| Q4 25 | 6.0% | 7.9% | ||
| Q3 25 | 6.8% | 6.5% | ||
| Q2 25 | 7.1% | 3.3% | ||
| Q1 25 | 7.9% | -1.6% | ||
| Q4 24 | 9.5% | 6.2% | ||
| Q3 24 | 9.0% | 3.1% | ||
| Q2 24 | 9.9% | 2.7% | ||
| Q1 24 | 9.4% | -3.6% |
每股收益（稀释后）KBHNMRK
| Q4 25 | $1.55 | $0.37 | ||
| Q3 25 | $1.61 | $0.25 | ||
| Q2 25 | $1.50 | $0.11 | ||
| Q1 25 | $1.49 | $-0.05 | ||
| Q4 24 | $2.50 | $0.25 | ||
| Q3 24 | $2.04 | $0.10 | ||
| Q2 24 | $2.15 | $0.08 | ||
| Q1 24 | $1.76 | $-0.09 |
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 | — | $229.1M |
| 总债务越低越好 | — | $671.7M |
| 股东权益账面价值 | $3.9B | $1.5B |
| 总资产 | $6.7B | $5.0B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资KBHNMRK
| Q4 25 | — | $229.1M | ||
| Q3 25 | — | $224.1M | ||
| Q2 25 | — | $195.8M | ||
| Q1 25 | — | $157.1M | ||
| Q4 24 | — | $197.7M | ||
| Q3 24 | — | $178.6M | ||
| Q2 24 | — | $176.4M | ||
| Q1 24 | — | $140.9M |
总债务KBHNMRK
| Q4 25 | — | $671.7M | ||
| Q3 25 | — | $746.5M | ||
| Q2 25 | — | $871.2M | ||
| Q1 25 | — | $770.9M | ||
| Q4 24 | — | $670.7M | ||
| Q3 24 | — | $770.4M | ||
| Q2 24 | — | $745.2M | ||
| Q1 24 | — | $670.2M |
股东权益KBHNMRK
| Q4 25 | $3.9B | $1.5B | ||
| Q3 25 | $3.9B | $1.4B | ||
| Q2 25 | $4.0B | $1.3B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $4.1B | $1.2B | ||
| Q3 24 | $4.0B | $1.2B | ||
| Q2 24 | $4.0B | $1.2B | ||
| Q1 24 | $3.9B | $1.2B |
总资产KBHNMRK
| Q4 25 | $6.7B | $5.0B | ||
| Q3 25 | $7.0B | $5.5B | ||
| Q2 25 | $7.0B | $5.4B | ||
| Q1 25 | $7.0B | $4.8B | ||
| Q4 24 | $6.9B | $4.7B | ||
| Q3 24 | $6.8B | $5.0B | ||
| Q2 24 | $6.8B | $4.8B | ||
| Q1 24 | $6.7B | $4.4B |
负债/权益比KBHNMRK
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.55× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.56× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.62× | ||
| Q1 24 | — | 0.54× |
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 | $618.5M |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $608.8M |
| 自由现金流率自由现金流/营收 | 17.1% | 70.8% |
| 资本支出强度资本支出/营收 | 0.8% | 1.1% |
| 现金转化率经营现金流/净利润 | 2.99× | 9.10× |
| 过去12个月自由现金流最近4个季度 | $287.3M | $142.6M |
8季度趋势，按日历期对齐
经营现金流KBHNMRK
| Q4 25 | $303.8M | $618.5M | ||
| Q3 25 | $197.7M | $112.6M | ||
| Q2 25 | $168.4M | $-379.7M | ||
| Q1 25 | $-334.3M | $-179.4M | ||
| Q4 24 | $362.6M | $402.6M | ||
| Q3 24 | $-89.9M | $-85.2M | ||
| Q2 24 | $61.5M | $-258.5M | ||
| Q1 24 | $28.5M | $-68.8M |
自由现金流KBHNMRK
| Q4 25 | $290.1M | $608.8M | ||
| Q3 25 | $185.8M | $104.9M | ||
| Q2 25 | $156.9M | $-386.2M | ||
| Q1 25 | $-345.5M | $-184.8M | ||
| Q4 24 | $352.6M | $396.6M | ||
| Q3 24 | $-99.4M | $-94.4M | ||
| Q2 24 | $51.2M | $-267.8M | ||
| Q1 24 | $19.1M | $-75.8M |
自由现金流率KBHNMRK
| Q4 25 | 17.1% | 70.8% | ||
| Q3 25 | 11.5% | 14.7% | ||
| Q2 25 | 10.3% | -60.4% | ||
| Q1 25 | -24.8% | -33.2% | ||
| Q4 24 | 17.6% | 54.5% | ||
| Q3 24 | -5.7% | -16.6% | ||
| Q2 24 | 3.0% | -50.8% | ||
| Q1 24 | 1.3% | -16.8% |
资本支出强度KBHNMRK
| Q4 25 | 0.8% | 1.1% | ||
| Q3 25 | 0.7% | 1.1% | ||
| Q2 25 | 0.8% | 1.0% | ||
| Q1 25 | 0.8% | 1.0% | ||
| Q4 24 | 0.5% | 0.8% | ||
| Q3 24 | 0.5% | 1.6% | ||
| Q2 24 | 0.6% | 1.8% | ||
| Q1 24 | 0.6% | 1.6% |
现金转化率KBHNMRK
| Q4 25 | 2.99× | 9.10× | ||
| Q3 25 | 1.80× | 2.44× | ||
| Q2 25 | 1.56× | -18.24× | ||
| Q1 25 | -3.05× | — | ||
| Q4 24 | 1.90× | 8.86× | ||
| Q3 24 | -0.57× | -4.79× | ||
| Q2 24 | 0.37× | -18.10× | ||
| Q1 24 | 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
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
NMRK
| Management Services | $263.1M | 31% |
| Investment Advice | $200.1M | 23% |
| Mortgage Brokerage And Debt Placement | $83.1M | 10% |
| Servicing Fees And Other | $80.7M | 9% |
| GB | $69.0M | 8% |
| Other Geographical Areas | $63.6M | 7% |
| Servicing | $36.2M | 4% |
| Other | $34.2M | 4% |
| Loan Originations Related Fees And Sales Premiums Net | $29.6M | 3% |
