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Masco（MAS）与NVR, Inc.（NVR）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是Masco的1.4倍（$2.7B vs $1.9B），NVR, Inc.净利率更高（13.4% vs 11.9%，领先1.5%），Masco同比增速更快（6.5% vs -4.7%），过去两年NVR, Inc.的营收复合增速更高（7.8% vs -4.2%）
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
MAS vs NVR — 直观对比
营收规模更大
NVR
是对方的1.4倍
$1.9B
营收增速更快
MAS
高出11.2%
-4.7%
净利率更高
NVR
高出1.5%
11.9%
两年增速更快
NVR
近两年复合增速
-4.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $2.7B |
| 净利润 | $228.0M | $363.8M |
| 毛利率 | 35.8% | — |
| 营业利润率 | 16.5% | — |
| 净利率 | 11.9% | 13.4% |
| 营收同比 | 6.5% | -4.7% |
| 净利润同比 | 14.5% | -20.5% |
| 每股收益（稀释后） | — | $120.85 |
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MASNVR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.9B | $2.6B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $1.8B | $2.4B | ||
| Q4 24 | $1.8B | $2.8B | ||
| Q3 24 | $2.0B | $2.7B | ||
| Q2 24 | $2.1B | $2.6B |
净利润MASNVR
| Q1 26 | $228.0M | — | ||
| Q4 25 | $165.0M | $363.8M | ||
| Q3 25 | $189.0M | $342.7M | ||
| Q2 25 | $270.0M | $333.7M | ||
| Q1 25 | $186.0M | $299.6M | ||
| Q4 24 | $182.0M | $457.4M | ||
| Q3 24 | $167.0M | $429.3M | ||
| Q2 24 | $258.0M | $400.9M |
毛利率MASNVR
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | — | ||
| Q3 25 | 34.2% | — | ||
| Q2 25 | 37.6% | — | ||
| Q1 25 | 35.8% | — | ||
| Q4 24 | 34.8% | — | ||
| Q3 24 | 36.6% | — | ||
| Q2 24 | 37.5% | — |
营业利润率MASNVR
| Q1 26 | 16.5% | — | ||
| Q4 25 | 13.8% | — | ||
| Q3 25 | 15.8% | — | ||
| Q2 25 | 20.1% | — | ||
| Q1 25 | 15.9% | — | ||
| Q4 24 | 15.9% | — | ||
| Q3 24 | 18.0% | — | ||
| Q2 24 | 19.0% | — |
净利率MASNVR
| Q1 26 | 11.9% | — | ||
| Q4 25 | 9.2% | 13.4% | ||
| Q3 25 | 9.9% | 13.1% | ||
| Q2 25 | 13.2% | 12.8% | ||
| Q1 25 | 10.3% | 12.5% | ||
| Q4 24 | 10.0% | 16.1% | ||
| Q3 24 | 8.4% | 15.7% | ||
| Q2 24 | 12.3% | 15.3% |
每股收益（稀释后）MASNVR
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $120.85 | ||
| Q3 25 | $0.90 | $112.33 | ||
| Q2 25 | $1.28 | $108.54 | ||
| Q1 25 | $0.87 | $94.83 | ||
| Q4 24 | $0.85 | $139.09 | ||
| Q3 24 | $0.77 | $130.50 | ||
| Q2 24 | $1.17 | $120.69 |
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 | $2.9B | — |
| 股东权益账面价值 | $27.0M | $3.9B |
| 总资产 | $5.2B | $5.9B |
| 负债/权益比越低杠杆越低 | 109.07× | — |
8季度趋势，按日历期对齐
现金及短期投资MASNVR
| Q1 26 | — | — | ||
| Q4 25 | $647.0M | — | ||
| Q3 25 | $559.0M | — | ||
| Q2 25 | $390.0M | — | ||
| Q1 25 | $377.0M | — | ||
| Q4 24 | $634.0M | — | ||
| Q3 24 | $646.0M | — | ||
| Q2 24 | $398.0M | — |
总债务MASNVR
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASNVR
| Q1 26 | $27.0M | — | ||
| Q4 25 | $-185.0M | $3.9B | ||
| Q3 25 | $-78.0M | $4.0B | ||
| Q2 25 | $-84.0M | $3.8B | ||
| Q1 25 | $-254.0M | $4.0B | ||
| Q4 24 | $-279.0M | $4.2B | ||
| Q3 24 | $-88.0M | $4.3B | ||
| Q2 24 | $-26.0M | $4.1B |
总资产MASNVR
| Q1 26 | $5.2B | — | ||
| Q4 25 | $5.2B | $5.9B | ||
| Q3 25 | $5.3B | $6.0B | ||
| Q2 25 | $5.3B | $5.9B | ||
| Q1 25 | $5.1B | $6.2B | ||
| Q4 24 | $5.0B | $6.4B | ||
| Q3 24 | $5.3B | $6.5B | ||
| Q2 24 | $5.4B | $6.4B |
负债/权益比MASNVR
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $439.7M |
| 自由现金流经营现金流 - 资本支出 | — | $436.0M |
| 自由现金流率自由现金流/营收 | — | 16.1% |
| 资本支出强度资本支出/营收 | 1.8% | 0.1% |
| 现金转化率经营现金流/净利润 | — | 1.21× |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流MASNVR
| Q1 26 | — | — | ||
| Q4 25 | $418.0M | $439.7M | ||
| Q3 25 | $456.0M | $438.7M | ||
| Q2 25 | $306.0M | $35.1M | ||
| Q1 25 | $-158.0M | $207.8M | ||
| Q4 24 | $407.0M | $637.0M | ||
| Q3 24 | $416.0M | $358.3M | ||
| Q2 24 | $346.0M | $232.7M |
自由现金流MASNVR
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $436.0M | ||
| Q3 25 | $415.0M | $433.3M | ||
| Q2 25 | $270.0M | $26.8M | ||
| Q1 25 | $-190.0M | $200.7M | ||
| Q4 24 | $351.0M | $631.5M | ||
| Q3 24 | $378.0M | $350.1M | ||
| Q2 24 | $303.0M | $226.3M |
自由现金流率MASNVR
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 16.1% | ||
| Q3 25 | 21.6% | 16.6% | ||
| Q2 25 | 13.2% | 1.0% | ||
| Q1 25 | -10.5% | 8.4% | ||
| Q4 24 | 19.2% | 22.2% | ||
| Q3 24 | 19.1% | 12.8% | ||
| Q2 24 | 14.5% | 8.7% |
资本支出强度MASNVR
| Q1 26 | 1.8% | — | ||
| Q4 25 | 2.6% | 0.1% | ||
| Q3 25 | 2.1% | 0.2% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 1.8% | 0.3% | ||
| Q4 24 | 3.1% | 0.2% | ||
| Q3 24 | 1.9% | 0.3% | ||
| Q2 24 | 2.1% | 0.2% |
现金转化率MASNVR
| Q1 26 | — | — | ||
| Q4 25 | 2.53× | 1.21× | ||
| Q3 25 | 2.41× | 1.28× | ||
| Q2 25 | 1.13× | 0.11× | ||
| Q1 25 | -0.85× | 0.69× | ||
| Q4 24 | 2.24× | 1.39× | ||
| Q3 24 | 2.49× | 0.83× | ||
| Q2 24 | 1.34× | 0.58× |
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
MAS
暂无分部数据
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
