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LGI Homes, Inc.（LGIH）与必能宝（PBI）财务数据对比。点击上方公司名可切换其他公司
必能宝的季度营收约是LGI Homes, Inc.的1.0倍（$477.6M vs $474.0M），必能宝净利率更高（5.7% vs 3.7%，领先2.1%），必能宝同比增速更快（-7.5% vs -15.0%），过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs -4.3%）
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。
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
LGIH vs PBI — 直观对比
营收规模更大
PBI
是对方的1.0倍
$474.0M
营收增速更快
PBI
高出7.5%
-15.0%
净利率更高
PBI
高出2.1%
3.7%
两年增速更快
LGIH
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $477.6M |
| 净利润 | $17.3M | $27.3M |
| 毛利率 | 17.7% | — |
| 营业利润率 | 3.9% | 8.0% |
| 净利率 | 3.7% | 5.7% |
| 营收同比 | -15.0% | -7.5% |
| 净利润同比 | -66.0% | 173.1% |
| 每股收益（稀释后） | $0.74 | $0.18 |
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LGIHPBI
| Q4 25 | $474.0M | $477.6M | ||
| Q3 25 | $396.6M | $459.7M | ||
| Q2 25 | $483.5M | $461.9M | ||
| Q1 25 | $351.4M | $493.4M | ||
| Q4 24 | $557.4M | $516.1M | ||
| Q3 24 | $651.9M | $499.5M | ||
| Q2 24 | $602.5M | $489.7M | ||
| Q1 24 | $390.9M | $521.3M |
净利润LGIHPBI
| Q4 25 | $17.3M | $27.3M | ||
| Q3 25 | $19.7M | $52.0M | ||
| Q2 25 | $31.5M | $30.0M | ||
| Q1 25 | $4.0M | $35.4M | ||
| Q4 24 | $50.9M | $-37.4M | ||
| Q3 24 | $69.6M | $-138.5M | ||
| Q2 24 | $58.6M | $-24.9M | ||
| Q1 24 | $17.1M | $-2.9M |
毛利率LGIHPBI
| Q4 25 | 17.7% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | 22.9% | 53.8% | ||
| Q3 24 | 25.1% | 52.4% | ||
| Q2 24 | 25.0% | 51.1% | ||
| Q1 24 | 23.4% | 52.3% |
营业利润率LGIHPBI
| Q4 25 | 3.9% | 8.0% | ||
| Q3 25 | 5.4% | 14.8% | ||
| Q2 25 | 8.2% | 8.5% | ||
| Q1 25 | 0.0% | 9.5% | ||
| Q4 24 | 8.2% | -9.3% | ||
| Q3 24 | 12.3% | -8.8% | ||
| Q2 24 | 11.2% | -1.6% | ||
| Q1 24 | 4.8% | 9.1% |
净利率LGIHPBI
| Q4 25 | 3.7% | 5.7% | ||
| Q3 25 | 5.0% | 11.3% | ||
| Q2 25 | 6.5% | 6.5% | ||
| Q1 25 | 1.1% | 7.2% | ||
| Q4 24 | 9.1% | -7.2% | ||
| Q3 24 | 10.7% | -27.7% | ||
| Q2 24 | 9.7% | -5.1% | ||
| Q1 24 | 4.4% | -0.6% |
每股收益（稀释后）LGIHPBI
| Q4 25 | $0.74 | $0.18 | ||
| Q3 25 | $0.85 | $0.30 | ||
| Q2 25 | $1.36 | $0.17 | ||
| Q1 25 | $0.17 | $0.19 | ||
| Q4 24 | $2.15 | $-0.21 | ||
| Q3 24 | $2.95 | $-0.75 | ||
| Q2 24 | $2.48 | $-0.14 | ||
| Q1 24 | $0.72 | $-0.02 |
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 | — | $297.1M |
| 总债务越低越好 | $1.7B | $2.0B |
| 股东权益账面价值 | $2.1B | $-802.4M |
| 总资产 | $3.9B | $3.2B |
| 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LGIHPBI
| Q4 25 | — | $297.1M | ||
| Q3 25 | — | $336.0M | ||
| Q2 25 | — | $300.8M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $53.2M | $486.1M | ||
| Q3 24 | — | $575.5M | ||
| Q2 24 | — | $612.0M | ||
| Q1 24 | — | $538.0M |
总债务LGIHPBI
| Q4 25 | $1.7B | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $1.9B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | $1.5B | $1.9B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.1B |
股东权益LGIHPBI
| Q4 25 | $2.1B | $-802.4M | ||
| Q3 25 | $2.1B | $-661.5M | ||
| Q2 25 | $2.1B | $-536.8M | ||
| Q1 25 | $2.0B | $-535.9M | ||
| Q4 24 | $2.0B | $-578.4M | ||
| Q3 24 | $2.0B | $-518.9M | ||
| Q2 24 | $1.9B | $-427.9M | ||
| Q1 24 | $1.9B | $-392.4M |
总资产LGIHPBI
| Q4 25 | $3.9B | $3.2B | ||
| Q3 25 | $4.0B | $3.3B | ||
| Q2 25 | $4.0B | $3.2B | ||
| Q1 25 | $3.9B | $3.3B | ||
| Q4 24 | $3.8B | $3.4B | ||
| Q3 24 | $3.8B | $3.6B | ||
| Q2 24 | $3.7B | $4.1B | ||
| Q1 24 | $3.5B | $4.1B |
负债/权益比LGIHPBI
| 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 | $221.7M |
| 自由现金流经营现金流 - 资本支出 | — | $201.4M |
| 自由现金流率自由现金流/营收 | — | 42.2% |
| 资本支出强度资本支出/营收 | 0.0% | 4.2% |
| 现金转化率经营现金流/净利润 | 5.01× | 8.11× |
| 过去12个月自由现金流最近4个季度 | — | $317.0M |
8季度趋势，按日历期对齐
经营现金流LGIHPBI
| Q4 25 | $86.8M | $221.7M | ||
| Q3 25 | $-13.2M | $66.8M | ||
| Q2 25 | $-86.4M | $111.4M | ||
| Q1 25 | $-127.1M | $-16.7M | ||
| Q4 24 | $57.0M | $134.5M | ||
| Q3 24 | $-17.8M | $14.7M | ||
| Q2 24 | $-83.5M | $92.6M | ||
| Q1 24 | $-99.5M | $-12.6M |
自由现金流LGIHPBI
| Q4 25 | — | $201.4M | ||
| Q3 25 | $-13.3M | $51.1M | ||
| Q2 25 | $-86.4M | $98.0M | ||
| Q1 25 | $-128.0M | $-33.6M | ||
| Q4 24 | $56.4M | $112.3M | ||
| Q3 24 | $-17.8M | $-4.7M | ||
| Q2 24 | $-83.8M | $76.1M | ||
| Q1 24 | $-100.5M | $-26.9M |
自由现金流率LGIHPBI
| Q4 25 | — | 42.2% | ||
| Q3 25 | -3.3% | 11.1% | ||
| Q2 25 | -17.9% | 21.2% | ||
| Q1 25 | -36.4% | -6.8% | ||
| Q4 24 | 10.1% | 21.8% | ||
| Q3 24 | -2.7% | -0.9% | ||
| Q2 24 | -13.9% | 15.5% | ||
| Q1 24 | -25.7% | -5.2% |
资本支出强度LGIHPBI
| Q4 25 | 0.0% | 4.2% | ||
| Q3 25 | 0.0% | 3.4% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.2% | 3.4% | ||
| Q4 24 | 0.1% | 4.3% | ||
| Q3 24 | 0.0% | 3.9% | ||
| Q2 24 | 0.0% | 3.4% | ||
| Q1 24 | 0.3% | 2.7% |
现金转化率LGIHPBI
| Q4 25 | 5.01× | 8.11× | ||
| Q3 25 | -0.67× | 1.29× | ||
| Q2 25 | -2.74× | 3.72× | ||
| Q1 25 | -31.83× | -0.47× | ||
| 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% |
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
