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Lennar（LEN）与史密斯菲尔德食品（SFD）财务数据对比。点击上方公司名可切换其他公司
Lennar的季度营收约是史密斯菲尔德食品的1.7倍（$6.6B vs $3.8B），史密斯菲尔德食品净利率更高（6.6% vs 3.5%，领先3.1%），史密斯菲尔德食品同比增速更快（0.8% vs -13.3%），过去两年史密斯菲尔德食品的营收复合增速更高（6.8% vs -13.1%）
Lennar Corporation是总部位于美国佛罗里达州迈阿密-戴德县的住宅建筑企业，截至2025年按房屋销量统计为美国第二大住宅建筑商。公司业务覆盖多户型及单户住宅租赁物业投资、高端地产开发，旗下LenX板块布局地产科技，另有Lennar Mortgage提供按揭贷款服务。
史密斯菲尔德食品是全球规模最大的生猪养殖与猪肉加工企业，1936年由卢特父子创立，总部位于美国弗吉尼亚州史密斯菲尔德，现隶属于香港企业。公司在美国自营超500个农场，还与2000余家独立农场合作养殖生猪，业务覆盖墨西哥、波兰、德国等多个海外市场。
LEN vs SFD — 直观对比
营收规模更大
LEN
是对方的1.7倍
$3.8B
营收增速更快
SFD
高出14.0%
-13.3%
净利率更高
SFD
高出3.1%
3.5%
两年增速更快
SFD
近两年复合增速
-13.1%
损益表 — Q2 FY2026 vs Q1 FY2027
| 指标 | | |
|---|---|---|
| 营收 | $6.6B | $3.8B |
| 净利润 | $229.4M | $249.0M |
| 毛利率 | — | 13.4% |
| 营业利润率 | — | 8.8% |
| 净利率 | 3.5% | 6.6% |
| 营收同比 | -13.3% | 0.8% |
| 净利润同比 | -55.8% | 9.8% |
| 每股收益（稀释后） | $0.93 | — |
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LENSFD
| Q1 26 | $6.6B | $3.8B | ||
| Q4 25 | $9.4B | $4.2B | ||
| Q3 25 | $8.8B | $3.7B | ||
| Q2 25 | $8.4B | $3.8B | ||
| Q1 25 | $7.6B | $3.8B | ||
| Q4 24 | $9.9B | $4.0B | ||
| Q3 24 | $9.4B | $3.3B | ||
| Q2 24 | $8.8B | — |
净利润LENSFD
| Q1 26 | $229.4M | $249.0M | ||
| Q4 25 | $490.2M | $327.0M | ||
| Q3 25 | $591.0M | $248.0M | ||
| Q2 25 | $477.4M | $188.0M | ||
| Q1 25 | $519.5M | $224.0M | ||
| Q4 24 | $1.1B | $205.0M | ||
| Q3 24 | $1.2B | $291.0M | ||
| Q2 24 | $954.3M | — |
毛利率LENSFD
| Q1 26 | — | 13.4% | ||
| Q4 25 | — | 14.2% | ||
| Q3 25 | — | 12.8% | ||
| Q2 25 | — | 13.2% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | — | 13.5% | ||
| Q3 24 | — | 14.3% | ||
| Q2 24 | — | — |
营业利润率LENSFD
| Q1 26 | — | 8.8% | ||
| Q4 25 | 7.3% | 9.5% | ||
| Q3 25 | 9.0% | 8.3% | ||
| Q2 25 | 7.7% | 6.9% | ||
| Q1 25 | 9.1% | 8.5% | ||
| Q4 24 | 14.7% | 8.5% | ||
| Q3 24 | 16.3% | 8.5% | ||
| Q2 24 | 14.4% | — |
净利率LENSFD
| Q1 26 | 3.5% | 6.6% | ||
| Q4 25 | 5.2% | 7.7% | ||
| Q3 25 | 6.7% | 6.6% | ||
| Q2 25 | 5.7% | 5.0% | ||
| Q1 25 | 6.8% | 5.9% | ||
| Q4 24 | 11.0% | 5.2% | ||
| Q3 24 | 12.3% | 8.7% | ||
| Q2 24 | 10.9% | — |
每股收益（稀释后）LENSFD
| Q1 26 | $0.93 | — | ||
| Q4 25 | — | $0.83 | ||
| Q3 25 | $2.29 | $0.63 | ||
| Q2 25 | $1.81 | $0.48 | ||
| Q1 25 | $1.96 | $0.57 | ||
| Q4 24 | $4.03 | $0.54 | ||
| Q3 24 | $4.26 | $0.77 | ||
| Q2 24 | $3.45 | — |
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 | $2.1B | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $21.9B | $6.9B |
| 总资产 | $33.2B | $12.0B |
| 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LENSFD
| Q1 26 | $2.1B | $1.4B | ||
| Q4 25 | $3.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
总债务LENSFD
| Q1 26 | — | — | ||
| Q4 25 | $5.9B | $2.0B | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | $4.2B | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益LENSFD
| Q1 26 | $21.9B | $6.9B | ||
| Q4 25 | $22.0B | $6.8B | ||
| Q3 25 | $22.6B | $6.5B | ||
| Q2 25 | $22.6B | $6.3B | ||
| Q1 25 | $22.7B | $6.2B | ||
| Q4 24 | $27.9B | $5.8B | ||
| Q3 24 | $27.4B | — | ||
| Q2 24 | $26.9B | — |
总资产LENSFD
| Q1 26 | $33.2B | $12.0B | ||
| Q4 25 | $34.4B | $12.2B | ||
| Q3 25 | $34.9B | $11.5B | ||
| Q2 25 | $34.4B | $11.2B | ||
| Q1 25 | $35.0B | $11.1B | ||
| Q4 24 | $41.3B | $11.1B | ||
| Q3 24 | $39.7B | — | ||
| Q2 24 | $38.7B | — |
负债/权益比LENSFD
| Q1 26 | — | — | ||
| Q4 25 | 0.27× | 0.29× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 0.15× | 0.34× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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
LEN
| Homebuilding | $6.3B | 95% |
| Financial Services | $215.6M | 3% |
| Multifamily | $82.5M | 1% |
| Lennar Other | $22.9M | 0% |
SFD
| Packaged Meats | $2.1B | 57% |
| Other | $863.0M | 23% |
| Hog Production | $769.0M | 20% |
| inter-segment sales eliminations | $19.0M | 1% |
