vs
诺唯真游轮控股（LINE）与M/I HOMES, INC.（MHO）财务数据对比。点击上方公司名可切换其他公司
诺唯真游轮控股的季度营收约是M/I HOMES, INC.的1.2倍（$1.4B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs -7.3%，领先12.8%），诺唯真游轮控股同比增速更快（3.1% vs -4.8%），诺唯真游轮控股自由现金流更多（$35.0M vs $-13.0M）
诺唯真游轮控股是一家总部位于美国、注册地为百慕大的企业，旗下全资运营诺唯真游轮、大洋游轮、丽晶七海游轮三大品牌，合并业务规模位列全球游轮运营商第三位，目前在纽约证券交易所挂牌上市。
M/I Homes是美国领先的住宅建筑企业，主要设计、建造及销售独栋住宅、联排住宅与复式公寓，业务覆盖美国多州，面向首次置业、改善型及高端置业群体，提供节能住宅产品与个性化定制服务。
LINE vs MHO — 直观对比
营收规模更大
LINE
是对方的1.2倍
$1.1B
营收增速更快
LINE
高出8.0%
-4.8%
净利率更高
MHO
高出12.8%
-7.3%
自由现金流更多
LINE
多$48.0M
$-13.0M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.1B |
| 净利润 | $-100.0M | $64.0M |
| 毛利率 | 32.3% | 17.4% |
| 营业利润率 | 2.5% | 6.5% |
| 净利率 | -7.3% | 5.6% |
| 营收同比 | 3.1% | -4.8% |
| 净利润同比 | 79.4% | -52.1% |
| 每股收益（稀释后） | $-0.44 | $2.42 |
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LINEMHO
| Q4 25 | — | $1.1B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $976.1M | ||
| Q4 24 | $1.3B | $1.2B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $1.0B |
净利润LINEMHO
| Q4 25 | — | $64.0M | ||
| Q3 25 | $-100.0M | $106.5M | ||
| Q2 25 | $-6.0M | $121.2M | ||
| Q1 25 | $0 | $111.2M | ||
| Q4 24 | $-71.0M | $133.5M | ||
| Q3 24 | $-485.0M | $145.4M | ||
| Q2 24 | $-68.0M | $146.7M | ||
| Q1 24 | $-40.0M | $138.1M |
毛利率LINEMHO
| Q4 25 | — | 17.4% | ||
| Q3 25 | 32.3% | 24.5% | ||
| Q2 25 | 31.9% | 24.7% | ||
| Q1 25 | 32.2% | 25.9% | ||
| Q4 24 | 32.3% | 24.6% | ||
| Q3 24 | 32.8% | 27.1% | ||
| Q2 24 | 33.4% | 27.9% | ||
| Q1 24 | 33.4% | 27.1% |
营业利润率LINEMHO
| Q4 25 | — | 6.5% | ||
| Q3 25 | 2.5% | 12.0% | ||
| Q2 25 | 1.7% | 13.4% | ||
| Q1 25 | 4.3% | 14.4% | ||
| Q4 24 | -1.6% | 13.6% | ||
| Q3 24 | -38.6% | 15.9% | ||
| Q2 24 | 5.5% | 16.8% | ||
| Q1 24 | 7.6% | 16.6% |
净利率LINEMHO
| Q4 25 | — | 5.6% | ||
| Q3 25 | -7.3% | 9.4% | ||
| Q2 25 | -0.4% | 10.4% | ||
| Q1 25 | — | 11.4% | ||
| Q4 24 | -5.3% | 11.1% | ||
| Q3 24 | -36.3% | 12.7% | ||
| Q2 24 | -5.1% | 13.2% | ||
| Q1 24 | -3.0% | 13.2% |
每股收益（稀释后）LINEMHO
| Q4 25 | — | $2.42 | ||
| Q3 25 | $-0.44 | $3.92 | ||
| Q2 25 | $-0.03 | $4.42 | ||
| Q1 25 | $0.01 | $3.98 | ||
| Q4 24 | $-0.52 | $4.71 | ||
| Q3 24 | $-2.44 | $5.10 | ||
| Q2 24 | $-0.46 | $5.12 | ||
| Q1 24 | $-0.28 | $4.78 |
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 | — | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.4B | $3.2B |
| 总资产 | $19.2B | $4.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资LINEMHO
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $173.0M | — | ||
| Q3 24 | $409.0M | — | ||
| Q2 24 | $73.0M | — | ||
| Q1 24 | — | — |
股东权益LINEMHO
| Q4 25 | — | $3.2B | ||
| Q3 25 | $8.4B | $3.1B | ||
| Q2 25 | $8.6B | $3.1B | ||
| Q1 25 | $8.6B | $3.0B | ||
| Q4 24 | $8.6B | $2.9B | ||
| Q3 24 | $9.0B | $2.8B | ||
| Q2 24 | $4.9B | $2.7B | ||
| Q1 24 | $5.6B | $2.6B |
总资产LINEMHO
| Q4 25 | — | $4.8B | ||
| Q3 25 | $19.2B | $4.8B | ||
| Q2 25 | $19.4B | $4.7B | ||
| Q1 25 | $18.8B | $4.6B | ||
| Q4 24 | $18.7B | $4.5B | ||
| Q3 24 | $19.3B | $4.5B | ||
| Q2 24 | $18.8B | $4.3B | ||
| Q1 24 | — | $4.2B |
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 | $230.0M | $-8.7M |
| 自由现金流经营现金流 - 资本支出 | $35.0M | $-13.0M |
| 自由现金流率自由现金流/营收 | 2.5% | -1.1% |
| 资本支出强度资本支出/营收 | 14.2% | 0.4% |
| 现金转化率经营现金流/净利润 | — | -0.14× |
| 过去12个月自由现金流最近4个季度 | — | $127.7M |
8季度趋势，按日历期对齐
经营现金流LINEMHO
| Q4 25 | — | $-8.7M | ||
| Q3 25 | $230.0M | $43.4M | ||
| Q2 25 | $258.0M | $37.8M | ||
| Q1 25 | $139.0M | $64.9M | ||
| Q4 24 | — | $104.4M | ||
| Q3 24 | $186.0M | $-67.9M | ||
| Q2 24 | $155.0M | $27.5M | ||
| Q1 24 | $105.0M | $115.8M |
自由现金流LINEMHO
| Q4 25 | — | $-13.0M | ||
| Q3 25 | $35.0M | $42.0M | ||
| Q2 25 | $95.0M | $35.1M | ||
| Q1 25 | $-12.0M | $63.5M | ||
| Q4 24 | — | $102.3M | ||
| Q3 24 | $33.0M | $-68.5M | ||
| Q2 24 | $-31.0M | $22.0M | ||
| Q1 24 | $-42.0M | $115.5M |
自由现金流率LINEMHO
| Q4 25 | — | -1.1% | ||
| Q3 25 | 2.5% | 3.7% | ||
| Q2 25 | 7.0% | 3.0% | ||
| Q1 25 | -0.9% | 6.5% | ||
| Q4 24 | — | 8.5% | ||
| Q3 24 | 2.5% | -6.0% | ||
| Q2 24 | -2.3% | 2.0% | ||
| Q1 24 | -3.2% | 11.0% |
资本支出强度LINEMHO
| Q4 25 | — | 0.4% | ||
| Q3 25 | 14.2% | 0.1% | ||
| Q2 25 | 12.1% | 0.2% | ||
| Q1 25 | 11.7% | 0.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 11.5% | 0.1% | ||
| Q2 24 | 13.9% | 0.5% | ||
| Q1 24 | 11.1% | 0.0% |
现金转化率LINEMHO
| Q4 25 | — | -0.14× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.78× | ||
| Q3 24 | — | -0.47× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.84× |
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
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
