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LGI Homes, Inc.（LGIH）与Mueller Water Products, Inc.（MWA）财务数据对比。点击上方公司名可切换其他公司
LGI Homes, Inc.的季度营收约是Mueller Water Products, Inc.的1.5倍（$474.0M vs $318.2M），Mueller Water Products, Inc.净利率更高（13.6% vs 3.7%，领先9.9%），Mueller Water Products, Inc.同比增速更快（4.6% vs -15.0%），过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs -5.1%）
LGI Homes是一家总部位于美国得克萨斯州的新建住宅开发商，业务聚焦美国西南部地区。据《建筑商》杂志统计，该公司目前是美国第十大住宅建筑商，2019年共交付房屋7690套，较2018年增长18.1%，全年房屋销售营收达18亿美元，行业规模位居美国前列。
穆勒水业（Mueller Water Products, Inc.）是总部位于美国佐治亚州亚特兰大的上市企业，为北美规模顶尖的消防栓、闸阀及其他水务基础设施产品生产商与分销商之一，旗下设有Mueller Co.和Mueller Technologies两大业务单元，运营包括Echologics、Mueller Systems在内的十余个品牌及关联主体。
LGIH vs MWA — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $318.2M |
| 净利润 | $17.3M | $43.2M |
| 毛利率 | 17.7% | 37.6% |
| 营业利润率 | 3.9% | 17.8% |
| 净利率 | 3.7% | 13.6% |
| 营收同比 | -15.0% | 4.6% |
| 净利润同比 | -66.0% | 22.4% |
| 每股收益（稀释后） | $0.74 | $0.27 |
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
| Q4 25 | $474.0M | $318.2M | ||
| Q3 25 | $396.6M | $380.8M | ||
| Q2 25 | $483.5M | $380.3M | ||
| Q1 25 | $351.4M | $364.3M | ||
| Q4 24 | $557.4M | $304.3M | ||
| Q3 24 | $651.9M | $348.2M | ||
| Q2 24 | $602.5M | $356.7M | ||
| Q1 24 | $390.9M | $353.4M |
| Q4 25 | $17.3M | $43.2M | ||
| Q3 25 | $19.7M | $52.6M | ||
| Q2 25 | $31.5M | $52.5M | ||
| Q1 25 | $4.0M | $51.3M | ||
| Q4 24 | $50.9M | $35.3M | ||
| Q3 24 | $69.6M | $10.0M | ||
| Q2 24 | $58.6M | $47.3M | ||
| Q1 24 | $17.1M | $44.3M |
| Q4 25 | 17.7% | 37.6% | ||
| Q3 25 | 21.5% | 36.8% | ||
| Q2 25 | 22.9% | 38.3% | ||
| Q1 25 | 21.0% | 35.1% | ||
| Q4 24 | 22.9% | 33.8% | ||
| Q3 24 | 25.1% | 31.8% | ||
| Q2 24 | 25.0% | 36.8% | ||
| Q1 24 | 23.4% | 36.9% |
| Q4 25 | 3.9% | 17.8% | ||
| Q3 25 | 5.4% | 18.3% | ||
| Q2 25 | 8.2% | 19.4% | ||
| Q1 25 | 0.0% | 19.2% | ||
| Q4 24 | 8.2% | 15.6% | ||
| Q3 24 | 12.3% | 8.2% | ||
| Q2 24 | 11.2% | 18.8% | ||
| Q1 24 | 4.8% | 18.0% |
| Q4 25 | 3.7% | 13.6% | ||
| Q3 25 | 5.0% | 13.8% | ||
| Q2 25 | 6.5% | 13.8% | ||
| Q1 25 | 1.1% | 14.1% | ||
| Q4 24 | 9.1% | 11.6% | ||
| Q3 24 | 10.7% | 2.9% | ||
| Q2 24 | 9.7% | 13.3% | ||
| Q1 24 | 4.4% | 12.5% |
| Q4 25 | $0.74 | $0.27 | ||
| Q3 25 | $0.85 | $0.34 | ||
| Q2 25 | $1.36 | $0.33 | ||
| Q1 25 | $0.17 | $0.33 | ||
| Q4 24 | $2.15 | $0.22 | ||
| Q3 24 | $2.95 | $0.07 | ||
| Q2 24 | $2.48 | $0.30 | ||
| Q1 24 | $0.72 | $0.28 |
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 | — | — |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $2.1B | $1.0B |
| 总资产 | $3.9B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $53.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.1B | $1.0B | ||
| Q3 25 | $2.1B | $981.7M | ||
| Q2 25 | $2.1B | $929.0M | ||
| Q1 25 | $2.0B | $873.6M | ||
| Q4 24 | $2.0B | $834.1M | ||
| Q3 24 | $2.0B | $810.1M | ||
| Q2 24 | $1.9B | $791.6M | ||
| Q1 24 | $1.9B | $754.5M |
| Q4 25 | $3.9B | $1.8B | ||
| Q3 25 | $4.0B | $1.8B | ||
| Q2 25 | $4.0B | $1.7B | ||
| Q1 25 | $3.9B | $1.7B | ||
| Q4 24 | $3.8B | $1.6B | ||
| Q3 24 | $3.8B | $1.6B | ||
| Q2 24 | $3.7B | $1.6B | ||
| Q1 24 | $3.5B | $1.5B |
| Q4 25 | 0.79× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.73× | — | ||
| 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 | $86.8M | $61.2M |
| 自由现金流经营现金流 - 资本支出 | — | $44.0M |
| 自由现金流率自由现金流/营收 | — | 13.8% |
| 资本支出强度资本支出/营收 | 0.0% | 5.4% |
| 现金转化率经营现金流/净利润 | 5.01× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $173.8M |
8季度趋势，按日历期对齐
| Q4 25 | $86.8M | $61.2M | ||
| Q3 25 | $-13.2M | $83.5M | ||
| Q2 25 | $-86.4M | $67.4M | ||
| Q1 25 | $-127.1M | $14.3M | ||
| Q4 24 | $57.0M | $54.1M | ||
| Q3 24 | $-17.8M | $89.3M | ||
| Q2 24 | $-83.5M | $87.3M | ||
| Q1 24 | $-99.5M | $-5.7M |
| Q4 25 | — | $44.0M | ||
| Q3 25 | $-13.3M | $69.0M | ||
| Q2 25 | $-86.4M | $55.7M | ||
| Q1 25 | $-128.0M | $5.1M | ||
| Q4 24 | $56.4M | $42.2M | ||
| Q3 24 | $-17.8M | $69.9M | ||
| Q2 24 | $-83.8M | $75.1M | ||
| Q1 24 | $-100.5M | $-15.8M |
| Q4 25 | — | 13.8% | ||
| Q3 25 | -3.3% | 18.1% | ||
| Q2 25 | -17.9% | 14.6% | ||
| Q1 25 | -36.4% | 1.4% | ||
| Q4 24 | 10.1% | 13.9% | ||
| Q3 24 | -2.7% | 20.1% | ||
| Q2 24 | -13.9% | 21.1% | ||
| Q1 24 | -25.7% | -4.5% |
| Q4 25 | 0.0% | 5.4% | ||
| Q3 25 | 0.0% | 3.8% | ||
| Q2 25 | 0.0% | 3.1% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | 0.1% | 3.9% | ||
| Q3 24 | 0.0% | 5.6% | ||
| Q2 24 | 0.0% | 3.4% | ||
| Q1 24 | 0.3% | 2.9% |
| Q4 25 | 5.01× | 1.42× | ||
| Q3 25 | -0.67× | 1.59× | ||
| Q2 25 | -2.74× | 1.28× | ||
| Q1 25 | -31.83× | 0.28× | ||
| Q4 24 | 1.12× | 1.53× | ||
| Q3 24 | -0.26× | 8.93× | ||
| Q2 24 | -1.43× | 1.85× | ||
| Q1 24 | -5.83× | -0.13× |
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
LGIH
| West Reportable Segment | $128.2M | 27% |
| Southeast Reportable Segment | $118.9M | 25% |
| Central Reportable Segment | $105.8M | 22% |
| Florida Reportable Segment | $69.2M | 15% |
| Northwest Reportable Segment | $51.8M | 11% |
MWA
| Water Flow Solutions | $173.0M | 54% |
| Water Management Solutions | $145.2M | 46% |
