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M/I HOMES, INC.（MHO）与Optimum Communications, Inc.（OPTU）财务数据对比。点击上方公司名可切换其他公司
Optimum Communications, Inc.的季度营收约是M/I HOMES, INC.的1.9倍（$2.2B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs -3.3%，领先8.8%），Optimum Communications, Inc.同比增速更快（-2.3% vs -4.8%），Optimum Communications, Inc.自由现金流更多（$199.4M vs $-13.0M），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -1.5%）
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。
Optimum Communications, Inc.是由法籍以色列商人帕特里克·德拉希控股的美国电信运营商，核心业务为数字有线电视与宽带互联网服务，服务覆盖纽约大都会区及美国中西部、南部多个州。截至2017年，该公司在全美21个州共拥有约490万住宅及企业客户，是美国第四大电信企业。
MHO vs OPTU — 直观对比
营收规模更大
OPTU
是对方的1.9倍
$1.1B
营收增速更快
OPTU
高出2.5%
-4.8%
净利率更高
MHO
高出8.8%
-3.3%
自由现金流更多
OPTU
多$212.4M
$-13.0M
两年增速更快
MHO
近两年复合增速
-1.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $64.0M | $-71.2M |
| 毛利率 | 17.4% | 69.5% |
| 营业利润率 | 6.5% | 18.2% |
| 净利率 | 5.6% | -3.3% |
| 营收同比 | -4.8% | -2.3% |
| 净利润同比 | -52.1% | -31.6% |
| 每股收益（稀释后） | $2.42 | $-0.16 |
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MHOOPTU
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.2B | $2.1B | ||
| Q1 25 | $976.1M | $2.2B | ||
| Q4 24 | $1.2B | $2.2B | ||
| Q3 24 | $1.1B | $2.2B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | $1.0B | $2.3B |
净利润MHOOPTU
| Q4 25 | $64.0M | $-71.2M | ||
| Q3 25 | $106.5M | $-1.6B | ||
| Q2 25 | $121.2M | $-96.3M | ||
| Q1 25 | $111.2M | $-75.7M | ||
| Q4 24 | $133.5M | $-54.1M | ||
| Q3 24 | $145.4M | $-43.0M | ||
| Q2 24 | $146.7M | $15.4M | ||
| Q1 24 | $138.1M | $-21.2M |
毛利率MHOOPTU
| Q4 25 | 17.4% | 69.5% | ||
| Q3 25 | 24.5% | 69.7% | ||
| Q2 25 | 24.7% | 69.1% | ||
| Q1 25 | 25.9% | 68.8% | ||
| Q4 24 | 24.6% | 67.7% | ||
| Q3 24 | 27.1% | 68.1% | ||
| Q2 24 | 27.9% | 67.9% | ||
| Q1 24 | 27.1% | 67.0% |
营业利润率MHOOPTU
| Q4 25 | 6.5% | 18.2% | ||
| Q3 25 | 12.0% | -55.3% | ||
| Q2 25 | 13.4% | 14.5% | ||
| Q1 25 | 14.4% | 16.0% | ||
| Q4 24 | 13.6% | 15.2% | ||
| Q3 24 | 15.9% | 20.0% | ||
| Q2 24 | 16.8% | 22.4% | ||
| Q1 24 | 16.6% | 17.5% |
净利率MHOOPTU
| Q4 25 | 5.6% | -3.3% | ||
| Q3 25 | 9.4% | -77.1% | ||
| Q2 25 | 10.4% | -4.5% | ||
| Q1 25 | 11.4% | -3.5% | ||
| Q4 24 | 11.1% | -2.4% | ||
| Q3 24 | 12.7% | -1.9% | ||
| Q2 24 | 13.2% | 0.7% | ||
| Q1 24 | 13.2% | -0.9% |
每股收益（稀释后）MHOOPTU
| Q4 25 | $2.42 | $-0.16 | ||
| Q3 25 | $3.92 | $-3.47 | ||
| Q2 25 | $4.42 | $-0.21 | ||
| Q1 25 | $3.98 | $-0.16 | ||
| Q4 24 | $4.71 | $-0.11 | ||
| Q3 24 | $5.10 | $-0.09 | ||
| Q2 24 | $5.12 | $0.03 | ||
| Q1 24 | $4.78 | $-0.05 |
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 | — | $1.0B |
| 总债务越低越好 | — | $26.2B |
| 股东权益账面价值 | $3.2B | $-2.3B |
| 总资产 | $4.8B | $30.7B |
| 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MHOOPTU
| Q4 25 | — | $1.0B | ||
| Q3 25 | — | $938.8M | ||
| Q2 25 | — | $247.3M | ||
| Q1 25 | — | $279.1M | ||
| Q4 24 | — | $256.5M | ||
| Q3 24 | — | $250.0M | ||
| Q2 24 | — | $362.1M | ||
| Q1 24 | — | $284.4M |
总债务MHOOPTU
| Q4 25 | — | $26.2B | ||
| Q3 25 | — | $26.2B | ||
| Q2 25 | — | $25.3B | ||
| Q1 25 | — | $25.3B | ||
| Q4 24 | — | $25.1B | ||
| Q3 24 | — | $25.1B | ||
| Q2 24 | — | $25.2B | ||
| Q1 24 | — | $25.1B |
股东权益MHOOPTU
| Q4 25 | $3.2B | $-2.3B | ||
| Q3 25 | $3.1B | $-2.2B | ||
| Q2 25 | $3.1B | $-624.1M | ||
| Q1 25 | $3.0B | $-543.0M | ||
| Q4 24 | $2.9B | $-469.2M | ||
| Q3 24 | $2.8B | $-427.1M | ||
| Q2 24 | $2.7B | $-399.1M | ||
| Q1 24 | $2.6B | $-431.2M |
总资产MHOOPTU
| Q4 25 | $4.8B | $30.7B | ||
| Q3 25 | $4.8B | $30.7B | ||
| Q2 25 | $4.7B | $31.6B | ||
| Q1 25 | $4.6B | $31.7B | ||
| Q4 24 | $4.5B | $31.7B | ||
| Q3 24 | $4.5B | $31.8B | ||
| Q2 24 | $4.3B | $32.0B | ||
| Q1 24 | $4.2B | $31.9B |
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 | $-8.7M | $481.6M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $199.4M |
| 自由现金流率自由现金流/营收 | -1.1% | 9.1% |
| 资本支出强度资本支出/营收 | 0.4% | 12.9% |
| 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 | $-118.8M |
8季度趋势，按日历期对齐
经营现金流MHOOPTU
| Q4 25 | $-8.7M | $481.6M | ||
| Q3 25 | $43.4M | $147.4M | ||
| Q2 25 | $37.8M | $412.0M | ||
| Q1 25 | $64.9M | $187.5M | ||
| Q4 24 | $104.4M | $439.9M | ||
| Q3 24 | $-67.9M | $436.0M | ||
| Q2 24 | $27.5M | $306.8M | ||
| Q1 24 | $115.8M | $399.7M |
自由现金流MHOOPTU
| Q4 25 | $-13.0M | $199.4M | ||
| Q3 25 | $42.0M | $-178.1M | ||
| Q2 25 | $35.1M | $28.4M | ||
| Q1 25 | $63.5M | $-168.6M | ||
| Q4 24 | $102.3M | $49.9M | ||
| Q3 24 | $-68.5M | $76.9M | ||
| Q2 24 | $22.0M | $-40.9M | ||
| Q1 24 | $115.5M | $63.6M |
自由现金流率MHOOPTU
| Q4 25 | -1.1% | 9.1% | ||
| Q3 25 | 3.7% | -8.4% | ||
| Q2 25 | 3.0% | 1.3% | ||
| Q1 25 | 6.5% | -7.8% | ||
| Q4 24 | 8.5% | 2.2% | ||
| Q3 24 | -6.0% | 3.5% | ||
| Q2 24 | 2.0% | -1.8% | ||
| Q1 24 | 11.0% | 2.8% |
资本支出强度MHOOPTU
| Q4 25 | 0.4% | 12.9% | ||
| Q3 25 | 0.1% | 15.4% | ||
| Q2 25 | 0.2% | 17.9% | ||
| Q1 25 | 0.1% | 16.5% | ||
| Q4 24 | 0.2% | 17.5% | ||
| Q3 24 | 0.1% | 16.1% | ||
| Q2 24 | 0.5% | 15.5% | ||
| Q1 24 | 0.0% | 14.9% |
现金转化率MHOOPTU
| 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× | 19.97× | ||
| 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
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
OPTU
| Total Residential Revenue | $1.6B | 74% |
| Business Servicesand Wholesale | $401.8M | 18% |
| Telephony | $60.8M | 3% |
| Other | $57.9M | 3% |
| Franchise | $50.0M | 2% |
