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M/I HOMES, INC.（MHO）与Post Holdings, Inc.（POST）财务数据对比。点击上方公司名可切换其他公司
Post Holdings, 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 4.5%，领先1.1%），Post Holdings, Inc.同比增速更快（10.1% vs -4.8%），Post Holdings, Inc.自由现金流更多（$119.3M vs $-13.0M），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs 4.3%）
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。
Post Holdings, Inc.是美国头部包装消费品食品生产商，旗下拥有知名食品业务板块Post Consumer Brands，总部坐落于明尼苏达州莱克维尔，其生产的食品类快消品覆盖北美及全球多个市场，深受消费者喜爱。
MHO vs POST — 直观对比
营收规模更大
POST
是对方的1.9倍
$1.1B
营收增速更快
POST
高出14.9%
-4.8%
净利率更高
MHO
高出1.1%
4.5%
自由现金流更多
POST
多$132.3M
$-13.0M
两年增速更快
MHO
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $64.0M | $96.8M |
| 毛利率 | 17.4% | 29.4% |
| 营业利润率 | 6.5% | 11.0% |
| 净利率 | 5.6% | 4.5% |
| 营收同比 | -4.8% | 10.1% |
| 净利润同比 | -52.1% | -14.6% |
| 每股收益（稀释后） | $2.42 | $1.71 |
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MHOPOST
| Q4 25 | $1.1B | $2.2B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.2B | $2.0B | ||
| Q1 25 | $976.1M | $2.0B | ||
| Q4 24 | $1.2B | $2.0B | ||
| Q3 24 | $1.1B | $2.0B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.0B | $2.0B |
净利润MHOPOST
| Q4 25 | $64.0M | $96.8M | ||
| Q3 25 | $106.5M | $51.0M | ||
| Q2 25 | $121.2M | $108.8M | ||
| Q1 25 | $111.2M | $62.6M | ||
| Q4 24 | $133.5M | $113.3M | ||
| Q3 24 | $145.4M | $81.6M | ||
| Q2 24 | $146.7M | $99.8M | ||
| Q1 24 | $138.1M | $97.2M |
毛利率MHOPOST
| Q4 25 | 17.4% | 29.4% | ||
| Q3 25 | 24.5% | 26.8% | ||
| Q2 25 | 24.7% | 30.0% | ||
| Q1 25 | 25.9% | 28.0% | ||
| Q4 24 | 24.6% | 30.1% | ||
| Q3 24 | 27.1% | 28.6% | ||
| Q2 24 | 27.9% | 29.6% | ||
| Q1 24 | 27.1% | 29.0% |
营业利润率MHOPOST
| Q4 25 | 6.5% | 11.0% | ||
| Q3 25 | 12.0% | 7.5% | ||
| Q2 25 | 13.4% | 11.8% | ||
| Q1 25 | 14.4% | 9.3% | ||
| Q4 24 | 13.6% | 10.8% | ||
| Q3 24 | 15.9% | 9.5% | ||
| Q2 24 | 16.8% | 10.4% | ||
| Q1 24 | 16.6% | 9.5% |
净利率MHOPOST
| Q4 25 | 5.6% | 4.5% | ||
| Q3 25 | 9.4% | 2.3% | ||
| Q2 25 | 10.4% | 5.5% | ||
| Q1 25 | 11.4% | 3.2% | ||
| Q4 24 | 11.1% | 5.7% | ||
| Q3 24 | 12.7% | 4.1% | ||
| Q2 24 | 13.2% | 5.1% | ||
| Q1 24 | 13.2% | 4.9% |
每股收益（稀释后）MHOPOST
| Q4 25 | $2.42 | $1.71 | ||
| Q3 25 | $3.92 | $0.91 | ||
| Q2 25 | $4.42 | $1.79 | ||
| Q1 25 | $3.98 | $1.03 | ||
| Q4 24 | $4.71 | $1.78 | ||
| Q3 24 | $5.10 | $1.28 | ||
| Q2 24 | $5.12 | $1.53 | ||
| Q1 24 | $4.78 | $1.48 |
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 | — | $279.3M |
| 总债务越低越好 | — | $7.5B |
| 股东权益账面价值 | $3.2B | $3.5B |
| 总资产 | $4.8B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 2.16× |
8季度趋势，按日历期对齐
现金及短期投资MHOPOST
| Q4 25 | — | $279.3M | ||
| Q3 25 | — | $176.7M | ||
| Q2 25 | — | $1.1B | ||
| Q1 25 | — | $617.6M | ||
| Q4 24 | — | $872.9M | ||
| Q3 24 | — | $787.4M | ||
| Q2 24 | — | $333.8M | ||
| Q1 24 | — | $333.4M |
总债务MHOPOST
| Q4 25 | — | $7.5B | ||
| Q3 25 | — | $7.4B | ||
| Q2 25 | — | $7.3B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $6.8B | ||
| Q2 24 | — | $6.4B | ||
| Q1 24 | — | $6.4B |
股东权益MHOPOST
| Q4 25 | $3.2B | $3.5B | ||
| Q3 25 | $3.1B | $3.8B | ||
| Q2 25 | $3.1B | $4.0B | ||
| Q1 25 | $3.0B | $3.8B | ||
| Q4 24 | $2.9B | $3.9B | ||
| Q3 24 | $2.8B | $4.1B | ||
| Q2 24 | $2.7B | $3.9B | ||
| Q1 24 | $2.6B | $4.0B |
总资产MHOPOST
| Q4 25 | $4.8B | $13.0B | ||
| Q3 25 | $4.8B | $13.5B | ||
| Q2 25 | $4.7B | $13.4B | ||
| Q1 25 | $4.6B | $12.8B | ||
| Q4 24 | $4.5B | $12.8B | ||
| Q3 24 | $4.5B | $12.9B | ||
| Q2 24 | $4.3B | $12.1B | ||
| Q1 24 | $4.2B | $12.2B |
负债/权益比MHOPOST
| Q4 25 | — | 2.16× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 1.84× | ||
| Q1 25 | — | 1.81× | ||
| Q4 24 | — | 1.79× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.61× |
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 | $235.7M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $119.3M |
| 自由现金流率自由现金流/营收 | -1.1% | 5.5% |
| 资本支出强度资本支出/营收 | 0.4% | 5.4% |
| 现金转化率经营现金流/净利润 | -0.14× | 2.43× |
| 过去12个月自由现金流最近4个季度 | $127.7M | $436.0M |
8季度趋势，按日历期对齐
经营现金流MHOPOST
| Q4 25 | $-8.7M | $235.7M | ||
| Q3 25 | $43.4M | $301.3M | ||
| Q2 25 | $37.8M | $225.9M | ||
| Q1 25 | $64.9M | $160.7M | ||
| Q4 24 | $104.4M | $310.4M | ||
| Q3 24 | $-67.9M | $235.4M | ||
| Q2 24 | $27.5M | $272.3M | ||
| Q1 24 | $115.8M | $249.6M |
自由现金流MHOPOST
| Q4 25 | $-13.0M | $119.3M | ||
| Q3 25 | $42.0M | $151.6M | ||
| Q2 25 | $35.1M | $94.9M | ||
| Q1 25 | $63.5M | $70.2M | ||
| Q4 24 | $102.3M | $171.4M | ||
| Q3 24 | $-68.5M | $96.2M | ||
| Q2 24 | $22.0M | $161.5M | ||
| Q1 24 | $115.5M | $150.9M |
自由现金流率MHOPOST
| Q4 25 | -1.1% | 5.5% | ||
| Q3 25 | 3.7% | 6.7% | ||
| Q2 25 | 3.0% | 4.8% | ||
| Q1 25 | 6.5% | 3.6% | ||
| Q4 24 | 8.5% | 8.7% | ||
| Q3 24 | -6.0% | 4.8% | ||
| Q2 24 | 2.0% | 8.3% | ||
| Q1 24 | 11.0% | 7.5% |
资本支出强度MHOPOST
| Q4 25 | 0.4% | 5.4% | ||
| Q3 25 | 0.1% | 6.7% | ||
| Q2 25 | 0.2% | 6.6% | ||
| Q1 25 | 0.1% | 4.6% | ||
| Q4 24 | 0.2% | 7.0% | ||
| Q3 24 | 0.1% | 6.9% | ||
| Q2 24 | 0.5% | 5.7% | ||
| Q1 24 | 0.0% | 4.9% |
现金转化率MHOPOST
| Q4 25 | -0.14× | 2.43× | ||
| Q3 25 | 0.41× | 5.91× | ||
| Q2 25 | 0.31× | 2.08× | ||
| Q1 25 | 0.58× | 2.57× | ||
| Q4 24 | 0.78× | 2.74× | ||
| Q3 24 | -0.47× | 2.88× | ||
| Q2 24 | 0.19× | 2.73× | ||
| Q1 24 | 0.84× | 2.57× |
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% |
POST
| Post Consumer Brands Segment | $1.1B | 51% |
| Pet Food | $360.4M | 17% |
| Side Dishes | $221.5M | 10% |
| Weetabix | $137.9M | 6% |
| Other | $122.1M | 6% |
| Nut Butters | $105.8M | 5% |
| Sausage | $53.1M | 2% |
| Cheeseand Dairy | $41.3M | 2% |
| Protein Based Shakes | $29.3M | 1% |
| Bell Ring | $18.1M | 1% |
