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LGI Homes, Inc.（LGIH）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是LGI Homes, Inc.的2.9倍（$1.4B vs $474.0M）。Taylor Morrison Home Corp净利率更高（7.1% vs 3.7%，领先3.5%）。LGI Homes, Inc.同比增速更快（-15.0% vs -26.8%）。过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs -16.5%）
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。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
LGIH vs TMHC — 直观对比
营收规模更大
TMHC
是对方的2.9倍
$474.0M
营收增速更快
LGIH
高出11.9%
-26.8%
净利率更高
TMHC
高出3.5%
3.7%
两年增速更快
LGIH
近两年复合增速
-16.5%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $1.4B |
| 净利润 | $17.3M | $98.6M |
| 毛利率 | 17.7% | 21.0% |
| 营业利润率 | 3.9% | — |
| 净利率 | 3.7% | 7.1% |
| 营收同比 | -15.0% | -26.8% |
| 净利润同比 | -66.0% | -53.8% |
| 每股收益（稀释后） | $0.74 | $1.12 |
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LGIHTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $474.0M | $2.1B | ||
| Q3 25 | $396.6M | $2.1B | ||
| Q2 25 | $483.5M | $2.0B | ||
| Q1 25 | $351.4M | $1.9B | ||
| Q4 24 | $557.4M | $2.4B | ||
| Q3 24 | $651.9M | $2.1B | ||
| Q2 24 | $602.5M | $2.0B |
净利润LGIHTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $17.3M | $174.0M | ||
| Q3 25 | $19.7M | $201.4M | ||
| Q2 25 | $31.5M | $193.6M | ||
| Q1 25 | $4.0M | $213.5M | ||
| Q4 24 | $50.9M | $242.5M | ||
| Q3 24 | $69.6M | $251.1M | ||
| Q2 24 | $58.6M | $199.5M |
毛利率LGIHTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | 17.7% | 22.0% | ||
| Q3 25 | 21.5% | 22.7% | ||
| Q2 25 | 22.9% | 23.0% | ||
| Q1 25 | 21.0% | 24.4% | ||
| Q4 24 | 22.9% | 23.9% | ||
| Q3 24 | 25.1% | 25.0% | ||
| Q2 24 | 25.0% | 23.7% |
营业利润率LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | — | ||
| Q3 25 | 5.4% | — | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 11.2% | — |
净利率LGIHTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 3.7% | 8.3% | ||
| Q3 25 | 5.0% | 9.6% | ||
| Q2 25 | 6.5% | 9.5% | ||
| Q1 25 | 1.1% | 11.3% | ||
| Q4 24 | 9.1% | 10.3% | ||
| Q3 24 | 10.7% | 11.8% | ||
| Q2 24 | 9.7% | 10.0% |
每股收益（稀释后）LGIHTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $0.74 | $1.77 | ||
| Q3 25 | $0.85 | $2.01 | ||
| Q2 25 | $1.36 | $1.92 | ||
| Q1 25 | $0.17 | $2.07 | ||
| Q4 24 | $2.15 | $2.29 | ||
| Q3 24 | $2.95 | $2.37 | ||
| Q2 24 | $2.48 | $1.86 |
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 | — | $652.9M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $2.1B | $6.2B |
| 总资产 | $3.9B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.79× | — |
8季度趋势，按日历期对齐
现金及短期投资LGIHTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | — | $850.0M | ||
| Q3 25 | — | $370.6M | ||
| Q2 25 | — | $130.2M | ||
| Q1 25 | — | $377.8M | ||
| Q4 24 | $53.2M | $487.2M | ||
| Q3 24 | — | $256.4M | ||
| Q2 24 | — | $246.8M |
总债务LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $1.5B | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益LGIHTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $2.1B | $6.3B | ||
| Q3 25 | $2.1B | $6.2B | ||
| Q2 25 | $2.1B | $6.1B | ||
| Q1 25 | $2.0B | $6.0B | ||
| Q4 24 | $2.0B | $5.9B | ||
| Q3 24 | $2.0B | $5.7B | ||
| Q2 24 | $1.9B | $5.5B |
总资产LGIHTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $3.9B | $9.8B | ||
| Q3 25 | $4.0B | $9.6B | ||
| Q2 25 | $4.0B | $9.5B | ||
| Q1 25 | $3.9B | $9.4B | ||
| Q4 24 | $3.8B | $9.3B | ||
| Q3 24 | $3.8B | $9.3B | ||
| Q2 24 | $3.7B | $9.1B |
负债/权益比LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 0.73× | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 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 | — | — |
8季度趋势，按日历期对齐
经营现金流LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | $86.8M | $646.4M | ||
| Q3 25 | $-13.2M | $219.6M | ||
| Q2 25 | $-86.4M | $-126.0M | ||
| Q1 25 | $-127.1M | $77.2M | ||
| Q4 24 | $57.0M | $438.2M | ||
| Q3 24 | $-17.8M | $135.9M | ||
| Q2 24 | $-83.5M | $-233.3M |
自由现金流LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | $635.3M | ||
| Q3 25 | $-13.3M | $206.6M | ||
| Q2 25 | $-86.4M | $-133.6M | ||
| Q1 25 | $-128.0M | $68.7M | ||
| Q4 24 | $56.4M | $428.2M | ||
| Q3 24 | $-17.8M | $127.1M | ||
| Q2 24 | $-83.8M | $-241.7M |
自由现金流率LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 30.3% | ||
| Q3 25 | -3.3% | 9.9% | ||
| Q2 25 | -17.9% | -6.6% | ||
| Q1 25 | -36.4% | 3.6% | ||
| Q4 24 | 10.1% | 18.2% | ||
| Q3 24 | -2.7% | 6.0% | ||
| Q2 24 | -13.9% | -12.1% |
资本支出强度LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.0% | 0.6% | ||
| Q2 25 | 0.0% | 0.4% | ||
| Q1 25 | 0.2% | 0.4% | ||
| Q4 24 | 0.1% | 0.4% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 0.4% |
现金转化率LGIHTMHC
| Q1 26 | — | — | ||
| Q4 25 | 5.01× | 3.71× | ||
| Q3 25 | -0.67× | 1.09× | ||
| Q2 25 | -2.74× | -0.65× | ||
| Q1 25 | -31.83× | 0.36× | ||
| Q4 24 | 1.12× | 1.81× | ||
| Q3 24 | -0.26× | 0.54× | ||
| Q2 24 | -1.43× | -1.17× |
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% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
