vs
LGI Homes, Inc.（LGIH）与RBC Bearings INC（RBC）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RBC Bearings INC的1.0倍（$474.0M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 3.7%，领先10.9%），RBC Bearings INC同比增速更快（17.0% vs -15.0%），过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
LGIH vs RBC — 直观对比
营收规模更大
LGIH
是对方的1.0倍
$461.6M
营收增速更快
RBC
高出32.0%
-15.0%
净利率更高
RBC
高出10.9%
3.7%
两年增速更快
LGIH
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $461.6M |
| 净利润 | $17.3M | $67.4M |
| 毛利率 | 17.7% | 44.3% |
| 营业利润率 | 3.9% | 22.3% |
| 净利率 | 3.7% | 14.6% |
| 营收同比 | -15.0% | 17.0% |
| 净利润同比 | -66.0% | 16.4% |
| 每股收益（稀释后） | $0.74 | $2.13 |
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LGIHRBC
| Q4 25 | $474.0M | $461.6M | ||
| Q3 25 | $396.6M | $455.3M | ||
| Q2 25 | $483.5M | $436.0M | ||
| Q1 25 | $351.4M | $437.7M | ||
| Q4 24 | $557.4M | $394.4M | ||
| Q3 24 | $651.9M | $397.9M | ||
| Q2 24 | $602.5M | $406.3M | ||
| Q1 24 | $390.9M | $413.7M |
净利润LGIHRBC
| Q4 25 | $17.3M | $67.4M | ||
| Q3 25 | $19.7M | $60.0M | ||
| Q2 25 | $31.5M | $68.5M | ||
| Q1 25 | $4.0M | $72.7M | ||
| Q4 24 | $50.9M | $57.9M | ||
| Q3 24 | $69.6M | $54.2M | ||
| Q2 24 | $58.6M | $61.4M | ||
| Q1 24 | $17.1M | — |
毛利率LGIHRBC
| Q4 25 | 17.7% | 44.3% | ||
| Q3 25 | 21.5% | 44.1% | ||
| Q2 25 | 22.9% | 44.8% | ||
| Q1 25 | 21.0% | 44.2% | ||
| Q4 24 | 22.9% | 44.3% | ||
| Q3 24 | 25.1% | 43.7% | ||
| Q2 24 | 25.0% | 45.3% | ||
| Q1 24 | 23.4% | 43.1% |
营业利润率LGIHRBC
| Q4 25 | 3.9% | 22.3% | ||
| Q3 25 | 5.4% | 21.5% | ||
| Q2 25 | 8.2% | 23.2% | ||
| Q1 25 | 0.0% | 23.0% | ||
| Q4 24 | 8.2% | 21.7% | ||
| Q3 24 | 12.3% | 21.6% | ||
| Q2 24 | 11.2% | 24.0% | ||
| Q1 24 | 4.8% | 22.8% |
净利率LGIHRBC
| Q4 25 | 3.7% | 14.6% | ||
| Q3 25 | 5.0% | 13.2% | ||
| Q2 25 | 6.5% | 15.7% | ||
| Q1 25 | 1.1% | 16.6% | ||
| Q4 24 | 9.1% | 14.7% | ||
| Q3 24 | 10.7% | 13.6% | ||
| Q2 24 | 9.7% | 15.1% | ||
| Q1 24 | 4.4% | — |
每股收益（稀释后）LGIHRBC
| Q4 25 | $0.74 | $2.13 | ||
| Q3 25 | $0.85 | $1.90 | ||
| Q2 25 | $1.36 | $2.17 | ||
| Q1 25 | $0.17 | $2.33 | ||
| Q4 24 | $2.15 | $1.82 | ||
| Q3 24 | $2.95 | $1.65 | ||
| Q2 24 | $2.48 | $1.90 | ||
| Q1 24 | $0.72 | $1.92 |
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 | — | $107.6M |
| 总债务越低越好 | $1.7B | $990.2M |
| 股东权益账面价值 | $2.1B | $3.3B |
| 总资产 | $3.9B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资LGIHRBC
| Q4 25 | — | $107.6M | ||
| Q3 25 | — | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | $53.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务LGIHRBC
| Q4 25 | $1.7B | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益LGIHRBC
| Q4 25 | $2.1B | $3.3B | ||
| Q3 25 | $2.1B | $3.2B | ||
| Q2 25 | $2.1B | $3.1B | ||
| Q1 25 | $2.0B | $3.0B | ||
| Q4 24 | $2.0B | $2.9B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.9B | $2.8B | ||
| Q1 24 | $1.9B | $2.8B |
总资产LGIHRBC
| Q4 25 | $3.9B | $5.1B | ||
| Q3 25 | $4.0B | $5.1B | ||
| Q2 25 | $4.0B | $4.8B | ||
| Q1 25 | $3.9B | $4.7B | ||
| Q4 24 | $3.8B | $4.7B | ||
| Q3 24 | $3.8B | $4.7B | ||
| Q2 24 | $3.7B | $4.7B | ||
| Q1 24 | $3.5B | $4.7B |
负债/权益比LGIHRBC
| Q4 25 | 0.79× | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | 0.0% | 5.0% |
| 现金转化率经营现金流/净利润 | 5.01× | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流LGIHRBC
| Q4 25 | $86.8M | $122.1M | ||
| Q3 25 | $-13.2M | $88.4M | ||
| Q2 25 | $-86.4M | $120.0M | ||
| Q1 25 | $-127.1M | — | ||
| Q4 24 | $57.0M | $84.0M | ||
| Q3 24 | $-17.8M | — | ||
| Q2 24 | $-83.5M | $97.4M | ||
| Q1 24 | $-99.5M | — |
自由现金流LGIHRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | $-13.3M | $71.7M | ||
| Q2 25 | $-86.4M | $104.3M | ||
| Q1 25 | $-128.0M | — | ||
| Q4 24 | $56.4M | $73.6M | ||
| Q3 24 | $-17.8M | — | ||
| Q2 24 | $-83.8M | $88.4M | ||
| Q1 24 | $-100.5M | — |
自由现金流率LGIHRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | -3.3% | 15.7% | ||
| Q2 25 | -17.9% | 23.9% | ||
| Q1 25 | -36.4% | — | ||
| Q4 24 | 10.1% | 18.7% | ||
| Q3 24 | -2.7% | — | ||
| Q2 24 | -13.9% | 21.8% | ||
| Q1 24 | -25.7% | — |
资本支出强度LGIHRBC
| Q4 25 | 0.0% | 5.0% | ||
| Q3 25 | 0.0% | 3.7% | ||
| Q2 25 | 0.0% | 3.6% | ||
| Q1 25 | 0.2% | 3.2% | ||
| Q4 24 | 0.1% | 2.6% | ||
| Q3 24 | 0.0% | 4.1% | ||
| Q2 24 | 0.0% | 2.2% | ||
| Q1 24 | 0.3% | — |
现金转化率LGIHRBC
| Q4 25 | 5.01× | 1.81× | ||
| Q3 25 | -0.67× | 1.47× | ||
| Q2 25 | -2.74× | 1.75× | ||
| Q1 25 | -31.83× | — | ||
| Q4 24 | 1.12× | 1.45× | ||
| Q3 24 | -0.26× | — | ||
| Q2 24 | -1.43× | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
