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LGI Homes, Inc.（LGIH）与Toll Brothers, Inc.（TOL）财务数据对比。点击上方公司名可切换其他公司
Toll Brothers, Inc.的季度营收约是LGI Homes, Inc.的7.2倍（$3.4B vs $474.0M）。Toll Brothers, Inc.净利率更高（13.0% vs 3.7%，领先9.4%）。Toll Brothers, Inc.同比增速更快（2.7% vs -15.0%）。过去两年Toll Brothers, Inc.的营收复合增速更高（32.6% 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。
Toll Brothers, Inc.是美国知名住宅建造企业，业务涵盖美国境内住宅及商业地产的开发、营销与融资服务。2020年按住宅建造营收统计，该公司为全美第五大房屋建造商，位列《财富》美国500强第411位。
LGIH vs TOL — 直观对比
营收规模更大
TOL
是对方的7.2倍
$474.0M
营收增速更快
TOL
高出17.7%
-15.0%
净利率更高
TOL
高出9.4%
3.7%
两年增速更快
TOL
近两年复合增速
10.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $3.4B |
| 净利润 | $17.3M | $446.7M |
| 毛利率 | 17.7% | 24.8% |
| 营业利润率 | 3.9% | 16.5% |
| 净利率 | 3.7% | 13.0% |
| 营收同比 | -15.0% | 2.7% |
| 净利润同比 | -66.0% | -6.0% |
| 每股收益（稀释后） | $0.74 | $4.51 |
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LGIHTOL
| Q4 25 | $474.0M | $3.4B | ||
| Q3 25 | $396.6M | $2.9B | ||
| Q2 25 | $483.5M | $2.7B | ||
| Q1 25 | $351.4M | $1.9B | ||
| Q4 24 | $557.4M | $3.3B | ||
| Q3 24 | $651.9M | $2.7B | ||
| Q2 24 | $602.5M | $2.8B | ||
| Q1 24 | $390.9M | $1.9B |
净利润LGIHTOL
| Q4 25 | $17.3M | $446.7M | ||
| Q3 25 | $19.7M | $369.6M | ||
| Q2 25 | $31.5M | $352.4M | ||
| Q1 25 | $4.0M | $177.7M | ||
| Q4 24 | $50.9M | $475.4M | ||
| Q3 24 | $69.6M | $374.6M | ||
| Q2 24 | $58.6M | $481.6M | ||
| Q1 24 | $17.1M | $239.6M |
毛利率LGIHTOL
| Q4 25 | 17.7% | 24.8% | ||
| Q3 25 | 21.5% | 25.2% | ||
| Q2 25 | 22.9% | 25.8% | ||
| Q1 25 | 21.0% | 24.7% | ||
| Q4 24 | 22.9% | 26.4% | ||
| Q3 24 | 25.1% | 27.2% | ||
| Q2 24 | 25.0% | 30.4% | ||
| Q1 24 | 23.4% | 27.6% |
营业利润率LGIHTOL
| Q4 25 | 3.9% | 16.5% | ||
| Q3 25 | 5.4% | 16.6% | ||
| Q2 25 | 8.2% | 16.4% | ||
| Q1 25 | 0.0% | 11.8% | ||
| Q4 24 | 8.2% | 18.3% | ||
| Q3 24 | 12.3% | 18.2% | ||
| Q2 24 | 11.2% | 22.0% | ||
| Q1 24 | 4.8% | 15.8% |
净利率LGIHTOL
| Q4 25 | 3.7% | 13.0% | ||
| Q3 25 | 5.0% | 12.6% | ||
| Q2 25 | 6.5% | 12.9% | ||
| Q1 25 | 1.1% | 9.6% | ||
| Q4 24 | 9.1% | 14.3% | ||
| Q3 24 | 10.7% | 13.7% | ||
| Q2 24 | 9.7% | 17.0% | ||
| Q1 24 | 4.4% | 12.3% |
每股收益（稀释后）LGIHTOL
| Q4 25 | $0.74 | $4.51 | ||
| Q3 25 | $0.85 | $3.73 | ||
| Q2 25 | $1.36 | $3.50 | ||
| Q1 25 | $0.17 | $1.75 | ||
| Q4 24 | $2.15 | $4.61 | ||
| Q3 24 | $2.95 | $3.60 | ||
| Q2 24 | $2.48 | $4.55 | ||
| Q1 24 | $0.72 | $2.25 |
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 | — | $1.3B |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $2.1B | $8.3B |
| 总资产 | $3.9B | $14.5B |
| 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LGIHTOL
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $852.3M | ||
| Q2 25 | — | $686.5M | ||
| Q1 25 | — | $574.8M | ||
| Q4 24 | $53.2M | $1.3B | ||
| Q3 24 | — | $893.4M | ||
| Q2 24 | — | $1.0B | ||
| Q1 24 | — | $754.8M |
总债务LGIHTOL
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LGIHTOL
| Q4 25 | $2.1B | $8.3B | ||
| Q3 25 | $2.1B | $8.1B | ||
| Q2 25 | $2.1B | $7.9B | ||
| Q1 25 | $2.0B | $7.8B | ||
| Q4 24 | $2.0B | $7.7B | ||
| Q3 24 | $2.0B | $7.4B | ||
| Q2 24 | $1.9B | $7.3B | ||
| Q1 24 | $1.9B | $7.0B |
总资产LGIHTOL
| Q4 25 | $3.9B | $14.5B | ||
| Q3 25 | $4.0B | $14.4B | ||
| Q2 25 | $4.0B | $14.2B | ||
| Q1 25 | $3.9B | $13.6B | ||
| Q4 24 | $3.8B | $13.4B | ||
| Q3 24 | $3.8B | $13.4B | ||
| Q2 24 | $3.7B | $13.3B | ||
| Q1 24 | $3.5B | $12.5B |
负债/权益比LGIHTOL
| 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 | $800.0M |
| 自由现金流经营现金流 - 资本支出 | — | $772.2M |
| 自由现金流率自由现金流/营收 | — | 22.6% |
| 资本支出强度资本支出/营收 | 0.0% | 0.8% |
| 现金转化率经营现金流/净利润 | 5.01× | 1.79× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流LGIHTOL
| Q4 25 | $86.8M | $800.0M | ||
| Q3 25 | $-13.2M | $370.3M | ||
| Q2 25 | $-86.4M | $362.8M | ||
| Q1 25 | $-127.1M | $-420.8M | ||
| Q4 24 | $57.0M | $682.5M | ||
| Q3 24 | $-17.8M | $175.6M | ||
| Q2 24 | $-83.5M | $459.0M | ||
| Q1 24 | $-99.5M | $-307.0M |
自由现金流LGIHTOL
| Q4 25 | — | $772.2M | ||
| Q3 25 | $-13.3M | $344.9M | ||
| Q2 25 | $-86.4M | $347.3M | ||
| Q1 25 | $-128.0M | $-438.1M | ||
| Q4 24 | $56.4M | $664.3M | ||
| Q3 24 | $-17.8M | $149.9M | ||
| Q2 24 | $-83.8M | $442.9M | ||
| Q1 24 | $-100.5M | $-320.6M |
自由现金流率LGIHTOL
| Q4 25 | — | 22.6% | ||
| Q3 25 | -3.3% | 11.7% | ||
| Q2 25 | -17.9% | 12.7% | ||
| Q1 25 | -36.4% | -23.6% | ||
| Q4 24 | 10.1% | 19.9% | ||
| Q3 24 | -2.7% | 5.5% | ||
| Q2 24 | -13.9% | 15.6% | ||
| Q1 24 | -25.7% | -16.5% |
资本支出强度LGIHTOL
| Q4 25 | 0.0% | 0.8% | ||
| Q3 25 | 0.0% | 0.9% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | 0.1% | 0.5% | ||
| Q3 24 | 0.0% | 0.9% | ||
| Q2 24 | 0.0% | 0.6% | ||
| Q1 24 | 0.3% | 0.7% |
现金转化率LGIHTOL
| Q4 25 | 5.01× | 1.79× | ||
| Q3 25 | -0.67× | 1.00× | ||
| Q2 25 | -2.74× | 1.03× | ||
| Q1 25 | -31.83× | -2.37× | ||
| Q4 24 | 1.12× | 1.44× | ||
| Q3 24 | -0.26× | 0.47× | ||
| Q2 24 | -1.43× | 0.95× | ||
| Q1 24 | -5.83× | -1.28× |
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% |
TOL
| Home Building | $3.4B | 100% |
| Land | $9.4M | 0% |
