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M/I HOMES, INC.（MHO）与PLEXUS CORP（PLXS）财务数据对比。点击上方公司名可切换其他公司
M/I HOMES, INC.的季度营收约是PLEXUS CORP的1.2倍（$1.1B vs $944.6M），M/I HOMES, INC.净利率更高（5.6% vs 4.3%，领先1.3%），M/I HOMES, INC.同比增速更快（-4.8% vs -18.1%），PLEXUS CORP自由现金流更多（$61.8M vs $-13.0M），过去两年PLEXUS CORP的营收复合增速更高（5.9% vs 4.7%）
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。
Plexus Corp是总部位于美国密歇根州特洛伊市的软件企业，专注于开发及推广Plex制造云产品，这是一款面向制造行业的SaaS模式云计算ERP解决方案，可助力制造企业实现数字化运营管理升级。
MHO vs PLXS — 直观对比
营收规模更大
MHO
是对方的1.2倍
$944.6M
营收增速更快
MHO
高出13.3%
-18.1%
净利率更高
MHO
高出1.3%
4.3%
自由现金流更多
PLXS
多$74.7M
$-13.0M
两年增速更快
PLXS
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $944.6M |
| 净利润 | $64.0M | $40.3M |
| 毛利率 | 17.4% | 10.2% |
| 营业利润率 | 6.5% | 5.6% |
| 净利率 | 5.6% | 4.3% |
| 营收同比 | -4.8% | -18.1% |
| 净利润同比 | -52.1% | -20.2% |
| 每股收益（稀释后） | $2.42 | $1.45 |
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MHOPLXS
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $976.1M | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | — |
净利润MHOPLXS
| Q4 25 | $64.0M | — | ||
| Q3 25 | $106.5M | — | ||
| Q2 25 | $121.2M | — | ||
| Q1 25 | $111.2M | — | ||
| Q4 24 | $133.5M | — | ||
| Q3 24 | $145.4M | — | ||
| Q2 24 | $146.7M | — | ||
| Q1 24 | $138.1M | — |
毛利率MHOPLXS
| Q4 25 | 17.4% | — | ||
| Q3 25 | 24.5% | — | ||
| Q2 25 | 24.7% | — | ||
| Q1 25 | 25.9% | — | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.1% | — |
营业利润率MHOPLXS
| Q4 25 | 6.5% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 16.6% | — |
净利率MHOPLXS
| Q4 25 | 5.6% | — | ||
| Q3 25 | 9.4% | — | ||
| Q2 25 | 10.4% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | 13.2% | — |
每股收益（稀释后）MHOPLXS
| Q4 25 | $2.42 | — | ||
| Q3 25 | $3.92 | — | ||
| Q2 25 | $4.42 | — | ||
| Q1 25 | $3.98 | — | ||
| Q4 24 | $4.71 | — | ||
| Q3 24 | $5.10 | — | ||
| Q2 24 | $5.12 | — | ||
| Q1 24 | $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 | — | $256.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $1.2B |
| 总资产 | $4.8B | $3.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
股东权益MHOPLXS
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.6B | — |
总资产MHOPLXS
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | — | ||
| Q2 25 | $4.7B | — | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $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 | $-8.7M | $165.8M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $61.8M |
| 自由现金流率自由现金流/营收 | -1.1% | 6.5% |
| 资本支出强度资本支出/营收 | 0.4% | 11.0% |
| 现金转化率经营现金流/净利润 | -0.14× | 4.12× |
| 过去12个月自由现金流最近4个季度 | $127.7M | $58.0M |
8季度趋势，按日历期对齐
经营现金流MHOPLXS
| Q4 25 | $-8.7M | — | ||
| Q3 25 | $43.4M | — | ||
| Q2 25 | $37.8M | — | ||
| Q1 25 | $64.9M | — | ||
| Q4 24 | $104.4M | — | ||
| Q3 24 | $-67.9M | — | ||
| Q2 24 | $27.5M | — | ||
| Q1 24 | $115.8M | — |
自由现金流MHOPLXS
| Q4 25 | $-13.0M | — | ||
| Q3 25 | $42.0M | — | ||
| Q2 25 | $35.1M | — | ||
| Q1 25 | $63.5M | — | ||
| Q4 24 | $102.3M | — | ||
| Q3 24 | $-68.5M | — | ||
| Q2 24 | $22.0M | — | ||
| Q1 24 | $115.5M | — |
自由现金流率MHOPLXS
| Q4 25 | -1.1% | — | ||
| Q3 25 | 3.7% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 6.5% | — | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | -6.0% | — | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 11.0% | — |
资本支出强度MHOPLXS
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.0% | — |
现金转化率MHOPLXS
| 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
MHO
| Southern Homebuilding | $615.6M | 54% |
| Northern Homebuilding | $503.9M | 44% |
| Financial Service | $27.8M | 2% |
| Land | $4.7M | 0% |
PLXS
| MX | $556.5M | 59% |
| Aerospace Defense | $281.6M | 30% |
| GB | $98.3M | 10% |
| TH | $15.0M | 2% |
