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LGI Homes, Inc.（LGIH）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
LGI Homes, Inc.的季度营收约是世纪互联的1.3倍（$474.0M vs $362.7M），LGI Homes, Inc.净利率更高（3.7% vs -10.7%，领先14.3%），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
LGIH vs VNET — 直观对比
营收规模更大
LGIH
是对方的1.3倍
$362.7M
净利率更高
LGIH
高出14.3%
-10.7%
两年增速更快
VNET
近两年复合增速
10.1%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $474.0M | $362.7M |
| 净利润 | $17.3M | $-38.7M |
| 毛利率 | 17.7% | 20.9% |
| 营业利润率 | 3.9% | 0.5% |
| 净利率 | 3.7% | -10.7% |
| 营收同比 | -15.0% | — |
| 净利润同比 | -66.0% | — |
| 每股收益（稀释后） | $0.74 | — |
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LGIHVNET
| Q4 25 | $474.0M | — | ||
| Q3 25 | $396.6M | $362.7M | ||
| Q2 25 | $483.5M | — | ||
| Q1 25 | $351.4M | $309.5M | ||
| Q4 24 | $557.4M | — | ||
| Q3 24 | $651.9M | $302.2M | ||
| Q2 24 | $602.5M | $274.4M | ||
| Q1 24 | $390.9M | $262.9M |
净利润LGIHVNET
| Q4 25 | $17.3M | — | ||
| Q3 25 | $19.7M | $-38.7M | ||
| Q2 25 | $31.5M | — | ||
| Q1 25 | $4.0M | $-2.4M | ||
| Q4 24 | $50.9M | — | ||
| Q3 24 | $69.6M | $-2.1M | ||
| Q2 24 | $58.6M | $-1.1M | ||
| Q1 24 | $17.1M | $-22.0M |
毛利率LGIHVNET
| Q4 25 | 17.7% | — | ||
| Q3 25 | 21.5% | 20.9% | ||
| Q2 25 | 22.9% | — | ||
| Q1 25 | 21.0% | 25.2% | ||
| Q4 24 | 22.9% | — | ||
| Q3 24 | 25.1% | 23.2% | ||
| Q2 24 | 25.0% | 21.3% | ||
| Q1 24 | 23.4% | 21.6% |
营业利润率LGIHVNET
| Q4 25 | 3.9% | — | ||
| Q3 25 | 5.4% | 0.5% | ||
| Q2 25 | 8.2% | — | ||
| Q1 25 | 0.0% | 0.1% | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 12.3% | 24.5% | ||
| Q2 24 | 11.2% | 0.2% | ||
| Q1 24 | 4.8% | 0.2% |
净利率LGIHVNET
| Q4 25 | 3.7% | — | ||
| Q3 25 | 5.0% | -10.7% | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 1.1% | -0.8% | ||
| Q4 24 | 9.1% | — | ||
| Q3 24 | 10.7% | -0.7% | ||
| Q2 24 | 9.7% | -0.4% | ||
| Q1 24 | 4.4% | -8.4% |
每股收益（稀释后）LGIHVNET
| Q4 25 | $0.74 | — | ||
| Q3 25 | $0.85 | — | ||
| Q2 25 | $1.36 | — | ||
| Q1 25 | $0.17 | — | ||
| Q4 24 | $2.15 | — | ||
| Q3 24 | $2.95 | — | ||
| Q2 24 | $2.48 | — | ||
| Q1 24 | $0.72 | — |
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 | — | $492.1M |
| 总债务越低越好 | $1.7B | — |
| 股东权益账面价值 | $2.1B | $890.8M |
| 总资产 | $3.9B | $6.1B |
| 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LGIHVNET
| Q4 25 | — | — | ||
| Q3 25 | — | $492.1M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $544.3M | ||
| Q4 24 | $53.2M | — | ||
| Q3 24 | — | $219.5M | ||
| Q2 24 | — | $247.2M | ||
| Q1 24 | — | $246.9M |
总债务LGIHVNET
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益LGIHVNET
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.1B | $890.8M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | $927.8M | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | $902.9M | ||
| Q2 24 | $1.9B | $900.6M | ||
| Q1 24 | $1.9B | $895.1M |
总资产LGIHVNET
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.0B | $6.1B | ||
| Q2 25 | $4.0B | — | ||
| Q1 25 | $3.9B | $5.4B | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.8B | $4.3B | ||
| Q2 24 | $3.7B | $4.0B | ||
| Q1 24 | $3.5B | $3.9B |
负债/权益比LGIHVNET
| Q4 25 | 0.79× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | — | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | — | $-193.1M |
| 自由现金流率自由现金流/营收 | — | -53.2% |
| 资本支出强度资本支出/营收 | 0.0% | 84.6% |
| 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 | — | $-589.7M |
8季度趋势，按日历期对齐
经营现金流LGIHVNET
| Q4 25 | $86.8M | — | ||
| Q3 25 | $-13.2M | $113.8M | ||
| Q2 25 | $-86.4M | — | ||
| Q1 25 | $-127.1M | $27.0M | ||
| Q4 24 | $57.0M | — | ||
| Q3 24 | $-17.8M | $108.3M | ||
| Q2 24 | $-83.5M | $55.8M | ||
| Q1 24 | $-99.5M | $37.1M |
自由现金流LGIHVNET
| Q4 25 | — | — | ||
| Q3 25 | $-13.3M | $-193.1M | ||
| Q2 25 | $-86.4M | — | ||
| Q1 25 | $-128.0M | $-220.0M | ||
| Q4 24 | $56.4M | — | ||
| Q3 24 | $-17.8M | $-95.0M | ||
| Q2 24 | $-83.8M | $-81.6M | ||
| Q1 24 | $-100.5M | $-102.2M |
自由现金流率LGIHVNET
| Q4 25 | — | — | ||
| Q3 25 | -3.3% | -53.2% | ||
| Q2 25 | -17.9% | — | ||
| Q1 25 | -36.4% | -71.1% | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | -2.7% | -31.4% | ||
| Q2 24 | -13.9% | -29.8% | ||
| Q1 24 | -25.7% | -38.9% |
资本支出强度LGIHVNET
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 84.6% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.2% | 79.8% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | 67.3% | ||
| Q2 24 | 0.0% | 50.1% | ||
| Q1 24 | 0.3% | 53.0% |
现金转化率LGIHVNET
| Q4 25 | 5.01× | — | ||
| Q3 25 | -0.67× | — | ||
| Q2 25 | -2.74× | — | ||
| Q1 25 | -31.83× | — | ||
| 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% |
VNET
暂无分部数据
