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LGI Homes, Inc.（LGIH）与Cloudflare, Inc.（NET）财务数据对比。点击上方公司名可切换其他公司
Cloudflare, Inc.的季度营收约是LGI Homes, Inc.的1.3倍（$614.5M vs $474.0M），LGI Homes, Inc.净利率更高（3.7% vs -2.0%，领先5.6%），Cloudflare, Inc.同比增速更快（33.6% vs -15.0%），过去两年Cloudflare, Inc.的营收复合增速更高（27.4% vs 10.1%）
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。
Cloudflare是总部位于美国加利福尼亚州旧金山的科技企业，提供内容分发网络（CDN）、云网络安全、DDoS防护等多元互联网服务，同时是ICANN认证的域名注册商。其服务作为网站访客与客户托管服务商之间的反向代理，可有效提升访问性能，抵御恶意流量。
LGIH vs NET — 直观对比
营收规模更大
NET
是对方的1.3倍
$474.0M
营收增速更快
NET
高出48.6%
-15.0%
净利率更高
LGIH
高出5.6%
-2.0%
两年增速更快
NET
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $614.5M |
| 净利润 | $17.3M | $-12.1M |
| 毛利率 | 17.7% | 73.6% |
| 营业利润率 | 3.9% | -8.0% |
| 净利率 | 3.7% | -2.0% |
| 营收同比 | -15.0% | 33.6% |
| 净利润同比 | -66.0% | 6.0% |
| 每股收益（稀释后） | $0.74 | $-0.03 |
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LGIHNET
| Q4 25 | $474.0M | $614.5M | ||
| Q3 25 | $396.6M | $562.0M | ||
| Q2 25 | $483.5M | $512.3M | ||
| Q1 25 | $351.4M | $479.1M | ||
| Q4 24 | $557.4M | $459.9M | ||
| Q3 24 | $651.9M | $430.1M | ||
| Q2 24 | $602.5M | $401.0M | ||
| Q1 24 | $390.9M | $378.6M |
净利润LGIHNET
| Q4 25 | $17.3M | $-12.1M | ||
| Q3 25 | $19.7M | $-1.3M | ||
| Q2 25 | $31.5M | $-50.4M | ||
| Q1 25 | $4.0M | $-38.5M | ||
| Q4 24 | $50.9M | $-12.8M | ||
| Q3 24 | $69.6M | $-15.3M | ||
| Q2 24 | $58.6M | $-15.1M | ||
| Q1 24 | $17.1M | $-35.5M |
毛利率LGIHNET
| Q4 25 | 17.7% | 73.6% | ||
| Q3 25 | 21.5% | 74.0% | ||
| Q2 25 | 22.9% | 74.9% | ||
| Q1 25 | 21.0% | 75.9% | ||
| Q4 24 | 22.9% | 76.4% | ||
| Q3 24 | 25.1% | 77.7% | ||
| Q2 24 | 25.0% | 77.8% | ||
| Q1 24 | 23.4% | 77.5% |
营业利润率LGIHNET
| Q4 25 | 3.9% | -8.0% | ||
| Q3 25 | 5.4% | -6.7% | ||
| Q2 25 | 8.2% | -13.1% | ||
| Q1 25 | 0.0% | -11.1% | ||
| Q4 24 | 8.2% | -7.5% | ||
| Q3 24 | 12.3% | -7.2% | ||
| Q2 24 | 11.2% | -8.7% | ||
| Q1 24 | 4.8% | -14.4% |
净利率LGIHNET
| Q4 25 | 3.7% | -2.0% | ||
| Q3 25 | 5.0% | -0.2% | ||
| Q2 25 | 6.5% | -9.8% | ||
| Q1 25 | 1.1% | -8.0% | ||
| Q4 24 | 9.1% | -2.8% | ||
| Q3 24 | 10.7% | -3.6% | ||
| Q2 24 | 9.7% | -3.8% | ||
| Q1 24 | 4.4% | -9.4% |
每股收益（稀释后）LGIHNET
| Q4 25 | $0.74 | $-0.03 | ||
| Q3 25 | $0.85 | $0.00 | ||
| Q2 25 | $1.36 | $-0.15 | ||
| Q1 25 | $0.17 | $-0.11 | ||
| Q4 24 | $2.15 | $-0.05 | ||
| Q3 24 | $2.95 | $-0.04 | ||
| Q2 24 | $2.48 | $-0.04 | ||
| Q1 24 | $0.72 | $-0.10 |
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 | — | $943.5M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $2.1B | $1.5B |
| 总资产 | $3.9B | $6.0B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
现金及短期投资LGIHNET
| Q4 25 | — | $943.5M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $204.5M | ||
| Q4 24 | $53.2M | $147.7M | ||
| Q3 24 | — | $182.9M | ||
| Q2 24 | — | $157.0M | ||
| Q1 24 | — | $254.4M |
总债务LGIHNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LGIHNET
| Q4 25 | $2.1B | $1.5B | ||
| Q3 25 | $2.1B | $1.3B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.0B | ||
| Q3 24 | $2.0B | $973.1M | ||
| Q2 24 | $1.9B | $881.5M | ||
| Q1 24 | $1.9B | $797.2M |
总资产LGIHNET
| Q4 25 | $3.9B | $6.0B | ||
| Q3 25 | $4.0B | $5.8B | ||
| Q2 25 | $4.0B | $5.6B | ||
| Q1 25 | $3.9B | $3.7B | ||
| Q4 24 | $3.8B | $3.3B | ||
| Q3 24 | $3.8B | $3.1B | ||
| Q2 24 | $3.7B | $2.9B | ||
| Q1 24 | $3.5B | $2.8B |
负债/权益比LGIHNET
| 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 | $190.4M |
| 自由现金流经营现金流 - 资本支出 | — | $105.2M |
| 自由现金流率自由现金流/营收 | — | 17.1% |
| 资本支出强度资本支出/营收 | 0.0% | 13.9% |
| 现金转化率经营现金流/净利润 | 5.01× | — |
| 过去12个月自由现金流最近4个季度 | — | $287.5M |
8季度趋势，按日历期对齐
经营现金流LGIHNET
| Q4 25 | $86.8M | $190.4M | ||
| Q3 25 | $-13.2M | $167.1M | ||
| Q2 25 | $-86.4M | $99.8M | ||
| Q1 25 | $-127.1M | $145.8M | ||
| Q4 24 | $57.0M | $127.3M | ||
| Q3 24 | $-17.8M | $104.7M | ||
| Q2 24 | $-83.5M | $74.8M | ||
| Q1 24 | $-99.5M | $73.6M |
自由现金流LGIHNET
| Q4 25 | — | $105.2M | ||
| Q3 25 | $-13.3M | $82.5M | ||
| Q2 25 | $-86.4M | $39.9M | ||
| Q1 25 | $-128.0M | $59.9M | ||
| Q4 24 | $56.4M | $54.2M | ||
| Q3 24 | $-17.8M | $54.5M | ||
| Q2 24 | $-83.8M | $45.2M | ||
| Q1 24 | $-100.5M | $41.5M |
自由现金流率LGIHNET
| Q4 25 | — | 17.1% | ||
| Q3 25 | -3.3% | 14.7% | ||
| Q2 25 | -17.9% | 7.8% | ||
| Q1 25 | -36.4% | 12.5% | ||
| Q4 24 | 10.1% | 11.8% | ||
| Q3 24 | -2.7% | 12.7% | ||
| Q2 24 | -13.9% | 11.3% | ||
| Q1 24 | -25.7% | 11.0% |
资本支出强度LGIHNET
| Q4 25 | 0.0% | 13.9% | ||
| Q3 25 | 0.0% | 15.1% | ||
| Q2 25 | 0.0% | 11.7% | ||
| Q1 25 | 0.2% | 17.9% | ||
| Q4 24 | 0.1% | 15.9% | ||
| Q3 24 | 0.0% | 11.7% | ||
| Q2 24 | 0.0% | 7.4% | ||
| Q1 24 | 0.3% | 8.5% |
现金转化率LGIHNET
| Q4 25 | 5.01× | — | ||
| Q3 25 | -0.67× | — | ||
| Q2 25 | -2.74× | — | ||
| Q1 25 | -31.83× | — | ||
| Q4 24 | 1.12× | — | ||
| Q3 24 | -0.26× | — | ||
| Q2 24 | -1.43× | — | ||
| Q1 24 | -5.83× | — |
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% |
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
