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KB HOME（KBH）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
KB HOME的季度营收约是惠好的1.1倍（$1.7B vs $1.5B），KB HOME净利率更高（6.0% vs 4.8%，领先1.2%），惠好同比增速更快（-9.8% vs -15.3%），KB HOME自由现金流更多（$290.1M vs $-128.0M），过去两年KB HOME的营收复合增速更高（7.4% 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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
KBH vs WY — 直观对比
营收规模更大
KBH
是对方的1.1倍
$1.5B
营收增速更快
WY
高出5.5%
-15.3%
净利率更高
KBH
高出1.2%
4.8%
自由现金流更多
KBH
多$418.1M
$-128.0M
两年增速更快
KBH
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.5B |
| 净利润 | $101.5M | $74.0M |
| 毛利率 | — | 10.4% |
| 营业利润率 | — | 16.3% |
| 净利率 | 6.0% | 4.8% |
| 营收同比 | -15.3% | -9.8% |
| 净利润同比 | -46.7% | -8.6% |
| 每股收益（稀释后） | $1.55 | $0.11 |
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KBHWY
| Q4 25 | $1.7B | $1.5B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.5B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $2.0B | $1.7B | ||
| Q3 24 | $1.8B | $1.7B | ||
| Q2 24 | $1.7B | $1.9B | ||
| Q1 24 | $1.5B | $1.8B |
净利润KBHWY
| Q4 25 | $101.5M | $74.0M | ||
| Q3 25 | $109.8M | $80.0M | ||
| Q2 25 | $107.9M | $87.0M | ||
| Q1 25 | $109.6M | $83.0M | ||
| Q4 24 | $190.6M | $81.0M | ||
| Q3 24 | $157.3M | $28.0M | ||
| Q2 24 | $168.4M | $173.0M | ||
| Q1 24 | $138.7M | $114.0M |
毛利率KBHWY
| Q4 25 | — | 10.4% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 17.3% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 20.8% | ||
| Q1 24 | — | 19.8% |
营业利润率KBHWY
| Q4 25 | — | 16.3% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 9.4% | ||
| Q1 25 | — | 10.2% | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | — | 4.6% | ||
| Q2 24 | — | 13.9% | ||
| Q1 24 | — | 10.9% |
净利率KBHWY
| Q4 25 | 6.0% | 4.8% | ||
| Q3 25 | 6.8% | 4.7% | ||
| Q2 25 | 7.1% | 4.6% | ||
| Q1 25 | 7.9% | 4.7% | ||
| Q4 24 | 9.5% | 4.7% | ||
| Q3 24 | 9.0% | 1.7% | ||
| Q2 24 | 9.9% | 8.9% | ||
| Q1 24 | 9.4% | 6.3% |
每股收益（稀释后）KBHWY
| Q4 25 | $1.55 | $0.11 | ||
| Q3 25 | $1.61 | $0.11 | ||
| Q2 25 | $1.50 | $0.12 | ||
| Q1 25 | $1.49 | $0.11 | ||
| Q4 24 | $2.50 | $0.10 | ||
| Q3 24 | $2.04 | $0.04 | ||
| Q2 24 | $2.15 | $0.24 | ||
| Q1 24 | $1.76 | $0.16 |
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 | — | $464.0M |
| 总债务越低越好 | — | $5.6B |
| 股东权益账面价值 | $3.9B | $9.4B |
| 总资产 | $6.7B | $16.6B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资KBHWY
| Q4 25 | — | $464.0M | ||
| Q3 25 | — | $401.0M | ||
| Q2 25 | — | $592.0M | ||
| Q1 25 | — | $560.0M | ||
| Q4 24 | — | $684.0M | ||
| Q3 24 | — | $877.0M | ||
| Q2 24 | — | $997.0M | ||
| Q1 24 | — | $871.0M |
总债务KBHWY
| Q4 25 | — | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益KBHWY
| Q4 25 | $3.9B | $9.4B | ||
| Q3 25 | $3.9B | $9.4B | ||
| Q2 25 | $4.0B | $9.5B | ||
| Q1 25 | $4.1B | $9.6B | ||
| Q4 24 | $4.1B | $9.7B | ||
| Q3 24 | $4.0B | $9.9B | ||
| Q2 24 | $4.0B | $10.0B | ||
| Q1 24 | $3.9B | $10.1B |
总资产KBHWY
| Q4 25 | $6.7B | $16.6B | ||
| Q3 25 | $7.0B | $16.7B | ||
| Q2 25 | $7.0B | $16.5B | ||
| Q1 25 | $7.0B | $16.5B | ||
| Q4 24 | $6.9B | $16.5B | ||
| Q3 24 | $6.8B | $16.7B | ||
| Q2 24 | $6.8B | $16.8B | ||
| Q1 24 | $6.7B | $16.8B |
负债/权益比KBHWY
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $290.1M | $-128.0M |
| 自由现金流率自由现金流/营收 | 17.1% | -8.3% |
| 资本支出强度资本支出/营收 | 0.8% | 0.9% |
| 现金转化率经营现金流/净利润 | 2.99× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $287.3M | $511.0M |
8季度趋势，按日历期对齐
经营现金流KBHWY
| Q4 25 | $303.8M | $-114.0M | ||
| Q3 25 | $197.7M | $210.0M | ||
| Q2 25 | $168.4M | $396.0M | ||
| Q1 25 | $-334.3M | $70.0M | ||
| Q4 24 | $362.6M | $218.0M | ||
| Q3 24 | $-89.9M | $234.0M | ||
| Q2 24 | $61.5M | $432.0M | ||
| Q1 24 | $28.5M | $124.0M |
自由现金流KBHWY
| Q4 25 | $290.1M | $-128.0M | ||
| Q3 25 | $185.8M | $203.0M | ||
| Q2 25 | $156.9M | $388.0M | ||
| Q1 25 | $-345.5M | $48.0M | ||
| Q4 24 | $352.6M | $205.0M | ||
| Q3 24 | $-99.4M | $226.0M | ||
| Q2 24 | $51.2M | $423.0M | ||
| Q1 24 | $19.1M | $102.0M |
自由现金流率KBHWY
| Q4 25 | 17.1% | -8.3% | ||
| Q3 25 | 11.5% | 11.8% | ||
| Q2 25 | 10.3% | 20.6% | ||
| Q1 25 | -24.8% | 2.7% | ||
| Q4 24 | 17.6% | 12.0% | ||
| Q3 24 | -5.7% | 13.4% | ||
| Q2 24 | 3.0% | 21.8% | ||
| Q1 24 | 1.3% | 5.7% |
资本支出强度KBHWY
| Q4 25 | 0.8% | 0.9% | ||
| Q3 25 | 0.7% | 0.4% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 0.8% | 1.2% | ||
| Q4 24 | 0.5% | 0.8% | ||
| Q3 24 | 0.5% | 0.5% | ||
| Q2 24 | 0.6% | 0.5% | ||
| Q1 24 | 0.6% | 1.2% |
现金转化率KBHWY
| Q4 25 | 2.99× | -1.54× | ||
| Q3 25 | 1.80× | 2.63× | ||
| Q2 25 | 1.56× | 4.55× | ||
| Q1 25 | -3.05× | 0.84× | ||
| Q4 24 | 1.90× | 2.69× | ||
| Q3 24 | -0.57× | 8.36× | ||
| Q2 24 | 0.37× | 2.50× | ||
| Q1 24 | 0.21× | 1.09× |
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% |
WY
暂无分部数据
