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KB HOME（KBH）与Public Storage（PSA）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Public Storage的1.4倍（$1.7B vs $1.2B），Public Storage净利率更高（41.7% vs 6.0%，领先35.7%），Public Storage同比增速更快（3.3% vs -15.3%），过去两年KB HOME的营收复合增速更高（7.4% vs 2.5%）
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。
Public Storage总部位于美国加利福尼亚州格伦代尔，是主营自助仓储业务的房地产投资信托，也是美国最大的自助仓储服务品牌，持有美国约9%的自助仓储面积。截至2024年12月31日，公司运营3073处自助仓储设施，总可出租净面积达2.21亿平方英尺。
KBH vs PSA — 直观对比
营收规模更大
KBH
是对方的1.4倍
$1.2B
营收增速更快
PSA
高出18.5%
-15.3%
净利率更高
PSA
高出35.7%
6.0%
两年增速更快
KBH
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.2B |
| 净利润 | $101.5M | $507.1M |
| 毛利率 | — | — |
| 营业利润率 | — | 40.7% |
| 净利率 | 6.0% | 41.7% |
| 营收同比 | -15.3% | 3.3% |
| 净利润同比 | -46.7% | -17.5% |
| 每股收益（稀释后） | $1.55 | $2.59 |
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KBHPSA
| Q4 25 | $1.7B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.5B | $1.2B | ||
| Q1 25 | $1.4B | $1.2B | ||
| Q4 24 | $2.0B | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润KBHPSA
| Q4 25 | $101.5M | $507.1M | ||
| Q3 25 | $109.8M | $511.1M | ||
| Q2 25 | $107.9M | $358.4M | ||
| Q1 25 | $109.6M | $407.8M | ||
| Q4 24 | $190.6M | $614.6M | ||
| Q3 24 | $157.3M | $430.3M | ||
| Q2 24 | $168.4M | $518.1M | ||
| Q1 24 | $138.7M | $508.9M |
营业利润率KBHPSA
| Q4 25 | — | 40.7% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 30.4% | ||
| Q1 25 | — | 34.8% | ||
| Q4 24 | — | 52.4% | ||
| Q3 24 | — | 36.7% | ||
| Q2 24 | — | 44.6% | ||
| Q1 24 | — | 44.3% |
净利率KBHPSA
| Q4 25 | 6.0% | 41.7% | ||
| Q3 25 | 6.8% | 41.8% | ||
| Q2 25 | 7.1% | 29.8% | ||
| Q1 25 | 7.9% | 34.5% | ||
| Q4 24 | 9.5% | 52.2% | ||
| Q3 24 | 9.0% | 36.2% | ||
| Q2 24 | 9.9% | 44.2% | ||
| Q1 24 | 9.4% | 44.0% |
每股收益（稀释后）KBHPSA
| Q4 25 | $1.55 | $2.59 | ||
| Q3 25 | $1.61 | $2.62 | ||
| Q2 25 | $1.50 | $1.76 | ||
| Q1 25 | $1.49 | $2.04 | ||
| Q4 24 | $2.50 | $3.22 | ||
| Q3 24 | $2.04 | $2.16 | ||
| Q2 24 | $2.15 | $2.66 | ||
| Q1 24 | $1.76 | $2.60 |
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 | — | $318.1M |
| 总债务越低越好 | — | $10.3B |
| 股东权益账面价值 | $3.9B | $9.2B |
| 总资产 | $6.7B | $20.2B |
| 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KBHPSA
| Q4 25 | — | $318.1M | ||
| Q3 25 | — | $296.5M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $287.2M | ||
| Q4 24 | — | $447.4M | ||
| Q3 24 | — | $599.0M | ||
| Q2 24 | — | $542.3M | ||
| Q1 24 | — | $271.6M |
总债务KBHPSA
| Q4 25 | — | $10.3B | ||
| Q3 25 | — | $10.0B | ||
| Q2 25 | — | $10.4B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.4B | ||
| Q3 24 | — | $9.5B | ||
| Q2 24 | — | $9.4B | ||
| Q1 24 | — | $9.1B |
股东权益KBHPSA
| Q4 25 | $3.9B | $9.2B | ||
| Q3 25 | $3.9B | $9.3B | ||
| Q2 25 | $4.0B | $9.4B | ||
| Q1 25 | $4.1B | $9.6B | ||
| Q4 24 | $4.1B | $9.7B | ||
| Q3 24 | $4.0B | $9.6B | ||
| Q2 24 | $4.0B | $9.7B | ||
| Q1 24 | $3.9B | $9.9B |
总资产KBHPSA
| Q4 25 | $6.7B | $20.2B | ||
| Q3 25 | $7.0B | $20.1B | ||
| Q2 25 | $7.0B | $20.5B | ||
| Q1 25 | $7.0B | $19.6B | ||
| Q4 24 | $6.9B | $19.8B | ||
| Q3 24 | $6.8B | $19.8B | ||
| Q2 24 | $6.8B | $19.8B | ||
| Q1 24 | $6.7B | $19.6B |
负债/权益比KBHPSA
| Q4 25 | — | 1.11× | ||
| Q3 25 | — | 1.08× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.99× | ||
| Q4 24 | — | 0.96× | ||
| Q3 24 | — | 0.99× | ||
| Q2 24 | — | 0.97× | ||
| Q1 24 | — | 0.91× |
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 | $733.6M |
| 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% | — |
| 现金转化率经营现金流/净利润 | 2.99× | 1.45× |
| 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KBHPSA
| Q4 25 | $303.8M | $733.6M | ||
| Q3 25 | $197.7M | $875.1M | ||
| Q2 25 | $168.4M | $872.7M | ||
| Q1 25 | $-334.3M | $705.1M | ||
| Q4 24 | $362.6M | $768.6M | ||
| Q3 24 | $-89.9M | $798.8M | ||
| Q2 24 | $61.5M | $895.3M | ||
| Q1 24 | $28.5M | $665.6M |
自由现金流KBHPSA
| 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 | — | ||
| Q1 24 | $19.1M | — |
自由现金流率KBHPSA
| 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% | — | ||
| Q1 24 | 1.3% | — |
资本支出强度KBHPSA
| 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% | — | ||
| Q1 24 | 0.6% | — |
现金转化率KBHPSA
| Q4 25 | 2.99× | 1.45× | ||
| Q3 25 | 1.80× | 1.71× | ||
| Q2 25 | 1.56× | 2.43× | ||
| Q1 25 | -3.05× | 1.73× | ||
| Q4 24 | 1.90× | 1.25× | ||
| Q3 24 | -0.57× | 1.86× | ||
| Q2 24 | 0.37× | 1.73× | ||
| Q1 24 | 0.21× | 1.31× |
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% |
PSA
| Self Storage Operations | $1.1B | 93% |
| Ancillary Operations | $86.9M | 7% |
