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KB HOME（KBH）与Science Applications International Corp（SAIC）财务数据对比。点击上方公司名可切换其他公司
Science Applications International Corp的季度营收约是KB HOME的1.1倍（$1.9B vs $1.7B），KB HOME净利率更高（6.0% vs 4.2%，领先1.8%），Science Applications International Corp同比增速更快（2.6% vs -15.3%），KB HOME自由现金流更多（$290.1M vs $120.0M），过去两年KB HOME的营收复合增速更高（7.4% vs 2.3%）
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。
科学应用国际公司（SAIC）是一家总部位于美国弗吉尼亚州雷斯顿的科技企业，主要为政府机构提供专业服务与信息技术支持，在公共部门技术服务领域拥有丰富的行业经验与技术积累。
KBH vs SAIC — 直观对比
营收规模更大
SAIC
是对方的1.1倍
$1.7B
营收增速更快
SAIC
高出17.9%
-15.3%
净利率更高
KBH
高出1.8%
4.2%
自由现金流更多
KBH
多$170.1M
$120.0M
两年增速更快
KBH
近两年复合增速
2.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.9B |
| 净利润 | $101.5M | $78.0M |
| 毛利率 | — | 12.2% |
| 营业利润率 | — | 6.9% |
| 净利率 | 6.0% | 4.2% |
| 营收同比 | -15.3% | 2.6% |
| 净利润同比 | -46.7% | -3.7% |
| 每股收益（稀释后） | $1.55 | $1.69 |
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KBHSAIC
| Q4 25 | $1.7B | $1.9B | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $2.0B | $2.0B | ||
| Q3 24 | $1.8B | $1.8B | ||
| Q2 24 | $1.7B | $1.8B | ||
| Q1 24 | $1.5B | $1.7B |
净利润KBHSAIC
| Q4 25 | $101.5M | $78.0M | ||
| Q3 25 | $109.8M | — | ||
| Q2 25 | $107.9M | $68.0M | ||
| Q1 25 | $109.6M | — | ||
| Q4 24 | $190.6M | $106.0M | ||
| Q3 24 | $157.3M | $81.0M | ||
| Q2 24 | $168.4M | $77.0M | ||
| Q1 24 | $138.7M | $39.0M |
毛利率KBHSAIC
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 11.1% |
营业利润率KBHSAIC
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 4.5% |
净利率KBHSAIC
| Q4 25 | 6.0% | 4.2% | ||
| Q3 25 | 6.8% | — | ||
| Q2 25 | 7.1% | 3.6% | ||
| Q1 25 | 7.9% | — | ||
| Q4 24 | 9.5% | 5.4% | ||
| Q3 24 | 9.0% | 4.5% | ||
| Q2 24 | 9.9% | 4.2% | ||
| Q1 24 | 9.4% | 2.2% |
每股收益（稀释后）KBHSAIC
| Q4 25 | $1.55 | $1.69 | ||
| Q3 25 | $1.61 | — | ||
| Q2 25 | $1.50 | $1.42 | ||
| Q1 25 | $1.49 | — | ||
| Q4 24 | $2.50 | $2.13 | ||
| Q3 24 | $2.04 | $1.58 | ||
| Q2 24 | $2.15 | $1.48 | ||
| Q1 24 | $1.76 | $0.77 |
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 | — | $45.0M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $3.9B | $1.5B |
| 总资产 | $6.7B | $5.4B |
| 负债/权益比越低杠杆越低 | — | 1.64× |
8季度趋势，按日历期对齐
现金及短期投资KBHSAIC
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $47.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | — | $48.0M | ||
| Q2 24 | — | $49.0M | ||
| Q1 24 | — | $94.0M |
总债务KBHSAIC
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益KBHSAIC
| Q4 25 | $3.9B | $1.5B | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $4.0B | $1.5B | ||
| Q1 25 | $4.1B | — | ||
| Q4 24 | $4.1B | $1.6B | ||
| Q3 24 | $4.0B | $1.6B | ||
| Q2 24 | $4.0B | $1.8B | ||
| Q1 24 | $3.9B | $1.8B |
总资产KBHSAIC
| Q4 25 | $6.7B | $5.4B | ||
| Q3 25 | $7.0B | — | ||
| Q2 25 | $7.0B | $5.2B | ||
| Q1 25 | $7.0B | — | ||
| Q4 24 | $6.9B | $5.3B | ||
| Q3 24 | $6.8B | $5.3B | ||
| Q2 24 | $6.8B | $5.3B | ||
| Q1 24 | $6.7B | $5.3B |
负债/权益比KBHSAIC
| Q4 25 | — | 1.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.52× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.18× | ||
| Q1 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 | $129.0M |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $120.0M |
| 自由现金流率自由现金流/营收 | 17.1% | 6.4% |
| 资本支出强度资本支出/营收 | 0.8% | 0.5% |
| 现金转化率经营现金流/净利润 | 2.99× | 1.65× |
| 过去12个月自由现金流最近4个季度 | $287.3M | $478.0M |
8季度趋势，按日历期对齐
经营现金流KBHSAIC
| Q4 25 | $303.8M | $129.0M | ||
| Q3 25 | $197.7M | — | ||
| Q2 25 | $168.4M | $100.0M | ||
| Q1 25 | $-334.3M | — | ||
| Q4 24 | $362.6M | $143.0M | ||
| Q3 24 | $-89.9M | $138.0M | ||
| Q2 24 | $61.5M | $98.0M | ||
| Q1 24 | $28.5M | $63.0M |
自由现金流KBHSAIC
| Q4 25 | $290.1M | $120.0M | ||
| Q3 25 | $185.8M | — | ||
| Q2 25 | $156.9M | $92.0M | ||
| Q1 25 | $-345.5M | — | ||
| Q4 24 | $352.6M | $134.0M | ||
| Q3 24 | $-99.4M | $132.0M | ||
| Q2 24 | $51.2M | $92.0M | ||
| Q1 24 | $19.1M | $52.0M |
自由现金流率KBHSAIC
| Q4 25 | 17.1% | 6.4% | ||
| Q3 25 | 11.5% | — | ||
| Q2 25 | 10.3% | 4.9% | ||
| Q1 25 | -24.8% | — | ||
| Q4 24 | 17.6% | 6.8% | ||
| Q3 24 | -5.7% | 7.3% | ||
| Q2 24 | 3.0% | 5.0% | ||
| Q1 24 | 1.3% | 3.0% |
资本支出强度KBHSAIC
| Q4 25 | 0.8% | 0.5% | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.8% | — | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 0.5% | 0.3% | ||
| Q2 24 | 0.6% | 0.3% | ||
| Q1 24 | 0.6% | 0.6% |
现金转化率KBHSAIC
| Q4 25 | 2.99× | 1.65× | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 1.56× | 1.47× | ||
| Q1 25 | -3.05× | — | ||
| Q4 24 | 1.90× | 1.35× | ||
| Q3 24 | -0.57× | 1.70× | ||
| Q2 24 | 0.37× | 1.27× | ||
| Q1 24 | 0.21× | 1.62× |
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% |
SAIC
| Prime Contractor | $1.3B | 71% |
| Civilian | $427.0M | 23% |
| Subcontractor | $116.0M | 6% |
| Commercial State And Local Agencies | $7.0M | 0% |
