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Masco（MAS）与PulteGroup（PHM）财务数据对比。点击上方公司名可切换其他公司
PulteGroup的季度营收约是Masco的1.8倍（$3.4B vs $1.9B），Masco净利率更高（11.9% vs 10.2%，领先1.7%），Masco同比增速更快（6.5% vs -12.4%），过去两年Masco的营收复合增速更高（-4.2% vs -13.9%）
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。
PulteGroup Inc.是总部位于美国佐治亚州亚特兰大的住宅建造企业，2023年按房屋交付量统计为美国第三大住宅建造商，自成立以来累计已建成超过77.5万套住宅，是美国住宅开发领域的领先企业之一。
MAS vs PHM — 直观对比
营收规模更大
PHM
是对方的1.8倍
$1.9B
营收增速更快
MAS
高出18.9%
-12.4%
净利率更高
MAS
高出1.7%
10.2%
两年增速更快
MAS
近两年复合增速
-13.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.9B | $3.4B |
| 净利润 | $228.0M | $347.0M |
| 毛利率 | 35.8% | — |
| 营业利润率 | 16.5% | — |
| 净利率 | 11.9% | 10.2% |
| 营收同比 | 6.5% | -12.4% |
| 净利润同比 | 14.5% | -33.6% |
| 每股收益（稀释后） | — | — |
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MASPHM
| Q1 26 | $1.9B | $3.4B | ||
| Q4 25 | $1.8B | $4.6B | ||
| Q3 25 | $1.9B | $4.4B | ||
| Q2 25 | $2.1B | $4.4B | ||
| Q1 25 | $1.8B | $3.9B | ||
| Q4 24 | $1.8B | $4.9B | ||
| Q3 24 | $2.0B | $4.5B | ||
| Q2 24 | $2.1B | $4.6B |
净利润MASPHM
| Q1 26 | $228.0M | $347.0M | ||
| Q4 25 | $165.0M | $501.6M | ||
| Q3 25 | $189.0M | $585.8M | ||
| Q2 25 | $270.0M | $608.5M | ||
| Q1 25 | $186.0M | $522.8M | ||
| Q4 24 | $182.0M | $913.2M | ||
| Q3 24 | $167.0M | $697.9M | ||
| Q2 24 | $258.0M | $809.1M |
毛利率MASPHM
| Q1 26 | 35.8% | — | ||
| Q4 25 | 33.9% | — | ||
| Q3 25 | 34.2% | 27.8% | ||
| Q2 25 | 37.6% | 28.6% | ||
| Q1 25 | 35.8% | 28.8% | ||
| Q4 24 | 34.8% | — | ||
| Q3 24 | 36.6% | 30.4% | ||
| Q2 24 | 37.5% | 31.4% |
营业利润率MASPHM
| 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MASPHM
| Q1 26 | 11.9% | 10.2% | ||
| Q4 25 | 9.2% | 10.9% | ||
| Q3 25 | 9.9% | 13.3% | ||
| Q2 25 | 13.2% | 13.8% | ||
| Q1 25 | 10.3% | 13.4% | ||
| Q4 24 | 10.0% | 18.6% | ||
| Q3 24 | 8.4% | 15.6% | ||
| Q2 24 | 12.3% | 17.6% |
每股收益（稀释后）MASPHM
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $2.56 | ||
| Q3 25 | $0.90 | $2.96 | ||
| Q2 25 | $1.28 | $3.03 | ||
| Q1 25 | $0.87 | $2.57 | ||
| Q4 24 | $0.85 | $4.41 | ||
| Q3 24 | $0.77 | $3.35 | ||
| Q2 24 | $1.17 | $3.83 |
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 | — | $1.8B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $27.0M | $13.0B |
| 总资产 | $5.2B | $5.2B |
| 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MASPHM
| Q1 26 | — | $1.8B | ||
| Q4 25 | $647.0M | $2.0B | ||
| Q3 25 | $559.0M | $1.5B | ||
| Q2 25 | $390.0M | $1.2B | ||
| Q1 25 | $377.0M | $1.2B | ||
| Q4 24 | $634.0M | $1.6B | ||
| Q3 24 | $646.0M | $1.4B | ||
| Q2 24 | $398.0M | $1.4B |
总债务MASPHM
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $43.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.9B | $31.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MASPHM
| Q1 26 | $27.0M | $13.0B | ||
| Q4 25 | $-185.0M | $13.0B | ||
| Q3 25 | $-78.0M | $12.8B | ||
| Q2 25 | $-84.0M | $12.6B | ||
| Q1 25 | $-254.0M | $12.3B | ||
| Q4 24 | $-279.0M | $12.1B | ||
| Q3 24 | $-88.0M | $11.6B | ||
| Q2 24 | $-26.0M | $11.2B |
总资产MASPHM
| Q1 26 | $5.2B | $5.2B | ||
| Q4 25 | $5.2B | $18.0B | ||
| Q3 25 | $5.3B | $17.9B | ||
| Q2 25 | $5.3B | $17.6B | ||
| Q1 25 | $5.1B | $17.3B | ||
| Q4 24 | $5.0B | $17.4B | ||
| Q3 24 | $5.3B | $17.0B | ||
| Q2 24 | $5.4B | $16.5B |
负债/权益比MASPHM
| Q1 26 | 109.07× | — | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | — | $159.8M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 1.8% | 0.7% |
| 现金转化率经营现金流/净利润 | — | 0.46× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MASPHM
| Q1 26 | — | $159.8M | ||
| Q4 25 | $418.0M | $771.1M | ||
| Q3 25 | $456.0M | $678.4M | ||
| Q2 25 | $306.0M | $287.5M | ||
| Q1 25 | $-158.0M | $134.2M | ||
| Q4 24 | $407.0M | $567.6M | ||
| Q3 24 | $416.0M | $455.9M | ||
| Q2 24 | $346.0M | $417.5M |
自由现金流MASPHM
| Q1 26 | — | — | ||
| Q4 25 | $371.0M | $739.8M | ||
| Q3 25 | $415.0M | $651.1M | ||
| Q2 25 | $270.0M | $253.0M | ||
| Q1 25 | $-190.0M | $104.6M | ||
| Q4 24 | $351.0M | $543.1M | ||
| Q3 24 | $378.0M | $417.2M | ||
| Q2 24 | $303.0M | $386.2M |
自由现金流率MASPHM
| Q1 26 | — | — | ||
| Q4 25 | 20.7% | 16.0% | ||
| Q3 25 | 21.6% | 14.8% | ||
| Q2 25 | 13.2% | 5.7% | ||
| Q1 25 | -10.5% | 2.7% | ||
| Q4 24 | 19.2% | 11.0% | ||
| Q3 24 | 19.1% | 9.3% | ||
| Q2 24 | 14.5% | 8.4% |
资本支出强度MASPHM
| Q1 26 | 1.8% | 0.7% | ||
| Q4 25 | 2.6% | 0.7% | ||
| Q3 25 | 2.1% | 0.6% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 1.8% | 0.8% | ||
| Q4 24 | 3.1% | 0.5% | ||
| Q3 24 | 1.9% | 0.9% | ||
| Q2 24 | 2.1% | 0.7% |
现金转化率MASPHM
| Q1 26 | — | 0.46× | ||
| Q4 25 | 2.53× | 1.54× | ||
| Q3 25 | 2.41× | 1.16× | ||
| Q2 25 | 1.13× | 0.47× | ||
| Q1 25 | -0.85× | 0.26× | ||
| Q4 24 | 2.24× | 0.62× | ||
| Q3 24 | 2.49× | 0.65× | ||
| Q2 24 | 1.34× | 0.52× |
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
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
