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KB HOME（KBH）与Tri Pointe Homes, Inc.（TPH）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Tri Pointe Homes, Inc.的1.7倍（$1.7B vs $972.6M）。Tri Pointe Homes, Inc.净利率更高（6.2% vs 6.0%，领先0.2%）。KB HOME同比增速更快（-15.3% vs -22.4%）。KB HOME自由现金流更多（$290.1M vs $213.2M）。过去两年KB HOME的营收复合增速更高（7.4% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
KBH vs TPH — 直观对比
营收规模更大
KBH
是对方的1.7倍
$972.6M
营收增速更快
KBH
高出7.2%
-22.4%
净利率更高
TPH
高出0.2%
6.0%
自由现金流更多
KBH
多$76.9M
$213.2M
两年增速更快
KBH
近两年复合增速
1.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $972.6M |
| 净利润 | $101.5M | $60.2M |
| 毛利率 | — | — |
| 营业利润率 | — | 8.1% |
| 净利率 | 6.0% | 6.2% |
| 营收同比 | -15.3% | -22.4% |
| 净利润同比 | -46.7% | -53.4% |
| 每股收益（稀释后） | $1.55 | $0.70 |
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KBHTPH
| Q4 25 | $1.7B | $972.6M | ||
| Q3 25 | $1.6B | $854.7M | ||
| Q2 25 | $1.5B | $902.4M | ||
| Q1 25 | $1.4B | $740.9M | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $1.2B | ||
| Q1 24 | $1.5B | $939.4M |
净利润KBHTPH
| Q4 25 | $101.5M | $60.2M | ||
| Q3 25 | $109.8M | $56.1M | ||
| Q2 25 | $107.9M | $60.7M | ||
| Q1 25 | $109.6M | $64.0M | ||
| Q4 24 | $190.6M | $129.2M | ||
| Q3 24 | $157.3M | $111.8M | ||
| Q2 24 | $168.4M | $118.0M | ||
| Q1 24 | $138.7M | $99.1M |
营业利润率KBHTPH
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 12.9% | ||
| Q1 24 | — | 12.3% |
净利率KBHTPH
| Q4 25 | 6.0% | 6.2% | ||
| Q3 25 | 6.8% | 6.6% | ||
| Q2 25 | 7.1% | 6.7% | ||
| Q1 25 | 7.9% | 8.6% | ||
| Q4 24 | 9.5% | 10.3% | ||
| Q3 24 | 9.0% | 9.8% | ||
| Q2 24 | 9.9% | 10.2% | ||
| Q1 24 | 9.4% | 10.5% |
每股收益（稀释后）KBHTPH
| Q4 25 | $1.55 | $0.70 | ||
| Q3 25 | $1.61 | $0.64 | ||
| Q2 25 | $1.50 | $0.68 | ||
| Q1 25 | $1.49 | $0.70 | ||
| Q4 24 | $2.50 | $1.37 | ||
| Q3 24 | $2.04 | $1.18 | ||
| Q2 24 | $2.15 | $1.25 | ||
| Q1 24 | $1.76 | $1.03 |
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 | — | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $3.3B |
| 总资产 | $6.7B | $5.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资KBHTPH
| Q4 25 | — | $982.8M | ||
| Q3 25 | — | $792.0M | ||
| Q2 25 | — | $622.6M | ||
| Q1 25 | — | $812.9M | ||
| Q4 24 | — | $970.0M | ||
| Q3 24 | — | $676.0M | ||
| Q2 24 | — | $492.9M | ||
| Q1 24 | — | $944.0M |
总债务KBHTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KBHTPH
| Q4 25 | $3.9B | $3.3B | ||
| Q3 25 | $3.9B | $3.3B | ||
| Q2 25 | $4.0B | $3.3B | ||
| Q1 25 | $4.1B | $3.3B | ||
| Q4 24 | $4.1B | $3.3B | ||
| Q3 24 | $4.0B | $3.2B | ||
| Q2 24 | $4.0B | $3.1B | ||
| Q1 24 | $3.9B | $3.0B |
总资产KBHTPH
| Q4 25 | $6.7B | $5.0B | ||
| Q3 25 | $7.0B | $5.0B | ||
| Q2 25 | $7.0B | $4.8B | ||
| Q1 25 | $7.0B | $4.8B | ||
| Q4 24 | $6.9B | $4.9B | ||
| Q3 24 | $6.8B | $4.8B | ||
| Q2 24 | $6.8B | $4.6B | ||
| Q1 24 | $6.7B | $5.0B |
负债/权益比KBHTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $213.2M |
| 自由现金流率自由现金流/营收 | 17.1% | 21.9% |
| 资本支出强度资本支出/营收 | 0.8% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.99× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $287.3M | $128.5M |
8季度趋势，按日历期对齐
经营现金流KBHTPH
| Q4 25 | $303.8M | $221.0M | ||
| Q3 25 | $197.7M | $45.9M | ||
| Q2 25 | $168.4M | $-74.3M | ||
| Q1 25 | $-334.3M | $-31.2M | ||
| Q4 24 | $362.6M | $360.3M | ||
| Q3 24 | $-89.9M | $167.9M | ||
| Q2 24 | $61.5M | $23.1M | ||
| Q1 24 | $28.5M | $144.7M |
自由现金流KBHTPH
| Q4 25 | $290.1M | $213.2M | ||
| Q3 25 | $185.8M | $39.1M | ||
| Q2 25 | $156.9M | $-84.5M | ||
| Q1 25 | $-345.5M | $-39.3M | ||
| Q4 24 | $352.6M | $355.9M | ||
| Q3 24 | $-99.4M | $161.5M | ||
| Q2 24 | $51.2M | $17.0M | ||
| Q1 24 | $19.1M | $138.3M |
自由现金流率KBHTPH
| Q4 25 | 17.1% | 21.9% | ||
| Q3 25 | 11.5% | 4.6% | ||
| Q2 25 | 10.3% | -9.4% | ||
| Q1 25 | -24.8% | -5.3% | ||
| Q4 24 | 17.6% | 28.4% | ||
| Q3 24 | -5.7% | 14.1% | ||
| Q2 24 | 3.0% | 1.5% | ||
| Q1 24 | 1.3% | 14.7% |
资本支出强度KBHTPH
| Q4 25 | 0.8% | 0.8% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.8% | 1.1% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 0.5% | 0.6% | ||
| Q2 24 | 0.6% | 0.5% | ||
| Q1 24 | 0.6% | 0.7% |
现金转化率KBHTPH
| Q4 25 | 2.99× | 3.67× | ||
| Q3 25 | 1.80× | 0.82× | ||
| Q2 25 | 1.56× | -1.22× | ||
| Q1 25 | -3.05× | -0.49× | ||
| Q4 24 | 1.90× | 2.79× | ||
| Q3 24 | -0.57× | 1.50× | ||
| Q2 24 | 0.37× | 0.20× | ||
| Q1 24 | 0.21× | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
