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LGI Homes, Inc.（LGIH）与Tri Pointe Homes, Inc.（TPH）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是LGI Homes, Inc.的2.1倍（$972.6M vs $474.0M）。Tri Pointe Homes, Inc.净利率更高（6.2% vs 3.7%，领先2.5%）。LGI Homes, Inc.同比增速更快（-15.0% vs -22.4%）。过去两年LGI Homes, Inc.的营收复合增速更高（10.1% vs 1.8%）
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。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
LGIH vs TPH — 直观对比
营收规模更大
TPH
是对方的2.1倍
$474.0M
营收增速更快
LGIH
高出7.5%
-22.4%
净利率更高
TPH
高出2.5%
3.7%
两年增速更快
LGIH
近两年复合增速
1.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $972.6M |
| 净利润 | $17.3M | $60.2M |
| 毛利率 | 17.7% | — |
| 营业利润率 | 3.9% | 8.1% |
| 净利率 | 3.7% | 6.2% |
| 营收同比 | -15.0% | -22.4% |
| 净利润同比 | -66.0% | -53.4% |
| 每股收益（稀释后） | $0.74 | $0.70 |
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LGIHTPH
| Q4 25 | $474.0M | $972.6M | ||
| Q3 25 | $396.6M | $854.7M | ||
| Q2 25 | $483.5M | $902.4M | ||
| Q1 25 | $351.4M | $740.9M | ||
| Q4 24 | $557.4M | $1.3B | ||
| Q3 24 | $651.9M | $1.1B | ||
| Q2 24 | $602.5M | $1.2B | ||
| Q1 24 | $390.9M | $939.4M |
净利润LGIHTPH
| Q4 25 | $17.3M | $60.2M | ||
| Q3 25 | $19.7M | $56.1M | ||
| Q2 25 | $31.5M | $60.7M | ||
| Q1 25 | $4.0M | $64.0M | ||
| Q4 24 | $50.9M | $129.2M | ||
| Q3 24 | $69.6M | $111.8M | ||
| Q2 24 | $58.6M | $118.0M | ||
| Q1 24 | $17.1M | $99.1M |
毛利率LGIHTPH
| Q4 25 | 17.7% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 21.0% | — | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | 25.1% | — | ||
| Q2 24 | 25.0% | — | ||
| Q1 24 | 23.4% | — |
营业利润率LGIHTPH
| Q4 25 | 3.9% | 8.1% | ||
| Q3 25 | 5.4% | 8.1% | ||
| Q2 25 | 8.2% | 8.5% | ||
| Q1 25 | 0.0% | 10.4% | ||
| Q4 24 | 8.2% | 13.4% | ||
| Q3 24 | 12.3% | 12.6% | ||
| Q2 24 | 11.2% | 12.9% | ||
| Q1 24 | 4.8% | 12.3% |
净利率LGIHTPH
| Q4 25 | 3.7% | 6.2% | ||
| Q3 25 | 5.0% | 6.6% | ||
| Q2 25 | 6.5% | 6.7% | ||
| Q1 25 | 1.1% | 8.6% | ||
| Q4 24 | 9.1% | 10.3% | ||
| Q3 24 | 10.7% | 9.8% | ||
| Q2 24 | 9.7% | 10.2% | ||
| Q1 24 | 4.4% | 10.5% |
每股收益（稀释后）LGIHTPH
| Q4 25 | $0.74 | $0.70 | ||
| Q3 25 | $0.85 | $0.64 | ||
| Q2 25 | $1.36 | $0.68 | ||
| Q1 25 | $0.17 | $0.70 | ||
| Q4 24 | $2.15 | $1.37 | ||
| Q3 24 | $2.95 | $1.18 | ||
| Q2 24 | $2.48 | $1.25 | ||
| Q1 24 | $0.72 | $1.03 |
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 | — | $982.8M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $2.1B | $3.3B |
| 总资产 | $3.9B | $5.0B |
| 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LGIHTPH
| Q4 25 | — | $982.8M | ||
| Q3 25 | — | $792.0M | ||
| Q2 25 | — | $622.6M | ||
| Q1 25 | — | $812.9M | ||
| Q4 24 | $53.2M | $970.0M | ||
| Q3 24 | — | $676.0M | ||
| Q2 24 | — | $492.9M | ||
| Q1 24 | — | $944.0M |
总债务LGIHTPH
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LGIHTPH
| Q4 25 | $2.1B | $3.3B | ||
| Q3 25 | $2.1B | $3.3B | ||
| Q2 25 | $2.1B | $3.3B | ||
| Q1 25 | $2.0B | $3.3B | ||
| Q4 24 | $2.0B | $3.3B | ||
| Q3 24 | $2.0B | $3.2B | ||
| Q2 24 | $1.9B | $3.1B | ||
| Q1 24 | $1.9B | $3.0B |
总资产LGIHTPH
| Q4 25 | $3.9B | $5.0B | ||
| Q3 25 | $4.0B | $5.0B | ||
| Q2 25 | $4.0B | $4.8B | ||
| Q1 25 | $3.9B | $4.8B | ||
| Q4 24 | $3.8B | $4.9B | ||
| Q3 24 | $3.8B | $4.8B | ||
| Q2 24 | $3.7B | $4.6B | ||
| Q1 24 | $3.5B | $5.0B |
负债/权益比LGIHTPH
| Q4 25 | 0.79× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.73× | 0.19× | ||
| 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 | $221.0M |
| 自由现金流经营现金流 - 资本支出 | — | $213.2M |
| 自由现金流率自由现金流/营收 | — | 21.9% |
| 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× | 3.67× |
| 过去12个月自由现金流最近4个季度 | — | $128.5M |
8季度趋势，按日历期对齐
经营现金流LGIHTPH
| Q4 25 | $86.8M | $221.0M | ||
| Q3 25 | $-13.2M | $45.9M | ||
| Q2 25 | $-86.4M | $-74.3M | ||
| Q1 25 | $-127.1M | $-31.2M | ||
| Q4 24 | $57.0M | $360.3M | ||
| Q3 24 | $-17.8M | $167.9M | ||
| Q2 24 | $-83.5M | $23.1M | ||
| Q1 24 | $-99.5M | $144.7M |
自由现金流LGIHTPH
| Q4 25 | — | $213.2M | ||
| Q3 25 | $-13.3M | $39.1M | ||
| Q2 25 | $-86.4M | $-84.5M | ||
| Q1 25 | $-128.0M | $-39.3M | ||
| Q4 24 | $56.4M | $355.9M | ||
| Q3 24 | $-17.8M | $161.5M | ||
| Q2 24 | $-83.8M | $17.0M | ||
| Q1 24 | $-100.5M | $138.3M |
自由现金流率LGIHTPH
| Q4 25 | — | 21.9% | ||
| Q3 25 | -3.3% | 4.6% | ||
| Q2 25 | -17.9% | -9.4% | ||
| Q1 25 | -36.4% | -5.3% | ||
| Q4 24 | 10.1% | 28.4% | ||
| Q3 24 | -2.7% | 14.1% | ||
| Q2 24 | -13.9% | 1.5% | ||
| Q1 24 | -25.7% | 14.7% |
资本支出强度LGIHTPH
| Q4 25 | 0.0% | 0.8% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | 0.0% | 1.1% | ||
| Q1 25 | 0.2% | 1.1% | ||
| Q4 24 | 0.1% | 0.3% | ||
| Q3 24 | 0.0% | 0.6% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.3% | 0.7% |
现金转化率LGIHTPH
| Q4 25 | 5.01× | 3.67× | ||
| Q3 25 | -0.67× | 0.82× | ||
| Q2 25 | -2.74× | -1.22× | ||
| Q1 25 | -31.83× | -0.49× | ||
| Q4 24 | 1.12× | 2.79× | ||
| Q3 24 | -0.26× | 1.50× | ||
| Q2 24 | -1.43× | 0.20× | ||
| Q1 24 | -5.83× | 1.46× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
