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KB HOME（KBH）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
欧文斯科宁的季度营收约是KB HOME的1.3倍（$2.1B vs $1.7B），KB HOME净利率更高（6.0% vs -13.9%，领先19.9%），KB HOME同比增速更快（-15.3% vs -24.6%），欧文斯科宁自由现金流更多（$333.0M vs $290.1M），过去两年KB HOME的营收复合增速更高（7.4% vs -3.5%）
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。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
KBH vs OC — 直观对比
营收规模更大
OC
是对方的1.3倍
$1.7B
营收增速更快
KBH
高出9.3%
-24.6%
净利率更高
KBH
高出19.9%
-13.9%
自由现金流更多
OC
多$42.9M
$290.1M
两年增速更快
KBH
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $2.1B |
| 净利润 | $101.5M | $-298.0M |
| 毛利率 | — | 23.2% |
| 营业利润率 | — | -10.5% |
| 净利率 | 6.0% | -13.9% |
| 营收同比 | -15.3% | -24.6% |
| 净利润同比 | -46.7% | -15.5% |
| 每股收益（稀释后） | $1.55 | $-3.47 |
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KBHOC
| Q4 25 | $1.7B | $2.1B | ||
| Q3 25 | $1.6B | $2.7B | ||
| Q2 25 | $1.5B | $2.7B | ||
| Q1 25 | $1.4B | $2.5B | ||
| Q4 24 | $2.0B | $2.8B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $1.7B | $2.8B | ||
| Q1 24 | $1.5B | $2.3B |
净利润KBHOC
| Q4 25 | $101.5M | $-298.0M | ||
| Q3 25 | $109.8M | $-494.0M | ||
| Q2 25 | $107.9M | $363.0M | ||
| Q1 25 | $109.6M | $-93.0M | ||
| Q4 24 | $190.6M | $-258.0M | ||
| Q3 24 | $157.3M | $321.0M | ||
| Q2 24 | $168.4M | $285.0M | ||
| Q1 24 | $138.7M | $299.0M |
毛利率KBHOC
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 29.6% |
营业利润率KBHOC
| Q4 25 | — | -10.5% | ||
| Q3 25 | — | -12.2% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 16.1% | ||
| Q4 24 | — | -8.5% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 17.5% |
净利率KBHOC
| Q4 25 | 6.0% | -13.9% | ||
| Q3 25 | 6.8% | -18.4% | ||
| Q2 25 | 7.1% | 13.2% | ||
| Q1 25 | 7.9% | -3.7% | ||
| Q4 24 | 9.5% | -9.1% | ||
| Q3 24 | 9.0% | 10.5% | ||
| Q2 24 | 9.9% | 10.2% | ||
| Q1 24 | 9.4% | 13.0% |
每股收益（稀释后）KBHOC
| Q4 25 | $1.55 | $-3.47 | ||
| Q3 25 | $1.61 | $-5.92 | ||
| Q2 25 | $1.50 | $4.25 | ||
| Q1 25 | $1.49 | $-1.08 | ||
| Q4 24 | $2.50 | $-2.92 | ||
| Q3 24 | $2.04 | $3.65 | ||
| Q2 24 | $2.15 | $3.24 | ||
| Q1 24 | $1.76 | $3.40 |
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 | — | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $3.9B | $3.9B |
| 总资产 | $6.7B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资KBHOC
| Q4 25 | — | $345.0M | ||
| Q3 25 | — | $286.0M | ||
| Q2 25 | — | $230.0M | ||
| Q1 25 | — | $400.0M | ||
| Q4 24 | — | $361.0M | ||
| Q3 24 | — | $499.0M | ||
| Q2 24 | — | $254.0M | ||
| Q1 24 | — | $1.3B |
总债务KBHOC
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益KBHOC
| Q4 25 | $3.9B | $3.9B | ||
| Q3 25 | $3.9B | $4.4B | ||
| Q2 25 | $4.0B | $5.2B | ||
| Q1 25 | $4.1B | $4.9B | ||
| Q4 24 | $4.1B | $5.1B | ||
| Q3 24 | $4.0B | $5.6B | ||
| Q2 24 | $4.0B | $5.5B | ||
| Q1 24 | $3.9B | $5.2B |
总资产KBHOC
| Q4 25 | $6.7B | $13.0B | ||
| Q3 25 | $7.0B | $13.5B | ||
| Q2 25 | $7.0B | $14.5B | ||
| Q1 25 | $7.0B | $14.3B | ||
| Q4 24 | $6.9B | $14.1B | ||
| Q3 24 | $6.8B | $15.1B | ||
| Q2 24 | $6.8B | $15.0B | ||
| Q1 24 | $6.7B | $11.3B |
负债/权益比KBHOC
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $333.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 15.5% |
| 资本支出强度资本支出/营收 | 0.8% | 12.0% |
| 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 | $962.0M |
8季度趋势，按日历期对齐
经营现金流KBHOC
| Q4 25 | $303.8M | $590.0M | ||
| Q3 25 | $197.7M | $918.0M | ||
| Q2 25 | $168.4M | $327.0M | ||
| Q1 25 | $-334.3M | $-49.0M | ||
| Q4 24 | $362.6M | $676.0M | ||
| Q3 24 | $-89.9M | $699.0M | ||
| Q2 24 | $61.5M | $493.0M | ||
| Q1 24 | $28.5M | $24.0M |
自由现金流KBHOC
| Q4 25 | $290.1M | $333.0M | ||
| Q3 25 | $185.8M | $752.0M | ||
| Q2 25 | $156.9M | $129.0M | ||
| Q1 25 | $-345.5M | $-252.0M | ||
| Q4 24 | $352.6M | $479.0M | ||
| Q3 24 | $-99.4M | $558.0M | ||
| Q2 24 | $51.2M | $336.0M | ||
| Q1 24 | $19.1M | $-128.0M |
自由现金流率KBHOC
| Q4 25 | 17.1% | 15.5% | ||
| Q3 25 | 11.5% | 28.0% | ||
| Q2 25 | 10.3% | 4.7% | ||
| Q1 25 | -24.8% | -10.0% | ||
| Q4 24 | 17.6% | 16.9% | ||
| Q3 24 | -5.7% | 18.3% | ||
| Q2 24 | 3.0% | 12.0% | ||
| Q1 24 | 1.3% | -5.6% |
资本支出强度KBHOC
| Q4 25 | 0.8% | 12.0% | ||
| Q3 25 | 0.7% | 6.2% | ||
| Q2 25 | 0.8% | 7.2% | ||
| Q1 25 | 0.8% | 8.0% | ||
| Q4 24 | 0.5% | 6.9% | ||
| Q3 24 | 0.5% | 4.6% | ||
| Q2 24 | 0.6% | 5.6% | ||
| Q1 24 | 0.6% | 6.6% |
现金转化率KBHOC
| Q4 25 | 2.99× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 1.56× | 0.90× | ||
| Q1 25 | -3.05× | — | ||
| Q4 24 | 1.90× | — | ||
| Q3 24 | -0.57× | 2.18× | ||
| Q2 24 | 0.37× | 1.73× | ||
| Q1 24 | 0.21× | 0.08× |
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% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
