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M/I HOMES, INC.（MHO）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是M/I HOMES, INC.的1.0倍（$1.2B vs $1.1B），先锋自然资源公司净利率更高（29.0% vs 5.6%，领先23.5%），M/I HOMES, INC.同比增速更快（-4.8% vs -9.8%），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
MHO vs PR — 直观对比
营收规模更大
PR
是对方的1.0倍
$1.1B
营收增速更快
MHO
高出5.0%
-9.8%
净利率更高
PR
高出23.5%
5.6%
两年增速更快
MHO
近两年复合增速
-3.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.2B |
| 净利润 | $64.0M | $339.5M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 6.5% | 23.1% |
| 净利率 | 5.6% | 29.0% |
| 营收同比 | -4.8% | -9.8% |
| 净利润同比 | -52.1% | 56.7% |
| 每股收益（稀释后） | $2.42 | $0.48 |
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MHOPR
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $976.1M | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.0B | $1.2B |
净利润MHOPR
| Q4 25 | $64.0M | $339.5M | ||
| Q3 25 | $106.5M | $59.2M | ||
| Q2 25 | $121.2M | $207.1M | ||
| Q1 25 | $111.2M | $329.3M | ||
| Q4 24 | $133.5M | $216.7M | ||
| Q3 24 | $145.4M | $386.4M | ||
| Q2 24 | $146.7M | $235.1M | ||
| Q1 24 | $138.1M | $146.6M |
毛利率MHOPR
| 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MHOPR
| Q4 25 | 6.5% | 23.1% | ||
| Q3 25 | 12.0% | 29.6% | ||
| Q2 25 | 13.4% | 24.8% | ||
| Q1 25 | 14.4% | 36.6% | ||
| Q4 24 | 13.6% | 32.8% | ||
| Q3 24 | 15.9% | 32.5% | ||
| Q2 24 | 16.8% | 36.5% | ||
| Q1 24 | 16.6% | 37.7% |
净利率MHOPR
| Q4 25 | 5.6% | 29.0% | ||
| Q3 25 | 9.4% | 4.5% | ||
| Q2 25 | 10.4% | 17.3% | ||
| Q1 25 | 11.4% | 23.9% | ||
| Q4 24 | 11.1% | 16.7% | ||
| Q3 24 | 12.7% | 31.8% | ||
| Q2 24 | 13.2% | 18.9% | ||
| Q1 24 | 13.2% | 11.8% |
每股收益（稀释后）MHOPR
| Q4 25 | $2.42 | $0.48 | ||
| Q3 25 | $3.92 | $0.08 | ||
| Q2 25 | $4.42 | $0.28 | ||
| Q1 25 | $3.98 | $0.44 | ||
| Q4 24 | $4.71 | $0.31 | ||
| Q3 24 | $5.10 | $0.53 | ||
| Q2 24 | $5.12 | $0.36 | ||
| Q1 24 | $4.78 | $0.25 |
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 | — | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $3.2B | $10.3B |
| 总资产 | $4.8B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资MHOPR
| Q4 25 | — | $153.7M | ||
| Q3 25 | — | $111.8M | ||
| Q2 25 | — | $451.0M | ||
| Q1 25 | — | $702.2M | ||
| Q4 24 | — | $479.3M | ||
| Q3 24 | — | $272.0M | ||
| Q2 24 | — | $47.8M | ||
| Q1 24 | — | $12.7M |
总债务MHOPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益MHOPR
| Q4 25 | $3.2B | $10.3B | ||
| Q3 25 | $3.1B | $10.0B | ||
| Q2 25 | $3.1B | $9.5B | ||
| Q1 25 | $3.0B | $9.4B | ||
| Q4 24 | $2.9B | $9.1B | ||
| Q3 24 | $2.8B | $9.0B | ||
| Q2 24 | $2.7B | $8.3B | ||
| Q1 24 | $2.6B | $7.0B |
总资产MHOPR
| Q4 25 | $4.8B | $17.9B | ||
| Q3 25 | $4.8B | $17.3B | ||
| Q2 25 | $4.7B | $17.5B | ||
| Q1 25 | $4.6B | $17.1B | ||
| Q4 24 | $4.5B | $16.9B | ||
| Q3 24 | $4.5B | $16.6B | ||
| Q2 24 | $4.3B | $15.4B | ||
| Q1 24 | $4.2B | $15.1B |
负债/权益比MHOPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | — |
| 自由现金流率自由现金流/营收 | -1.1% | — |
| 资本支出强度资本支出/营收 | 0.4% | — |
| 现金转化率经营现金流/净利润 | -0.14× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $127.7M | — |
8季度趋势，按日历期对齐
经营现金流MHOPR
| Q4 25 | $-8.7M | $904.3M | ||
| Q3 25 | $43.4M | $766.5M | ||
| Q2 25 | $37.8M | $1.0B | ||
| Q1 25 | $64.9M | $898.0M | ||
| Q4 24 | $104.4M | $871.6M | ||
| Q3 24 | $-67.9M | $954.4M | ||
| Q2 24 | $27.5M | $938.4M | ||
| Q1 24 | $115.8M | $647.6M |
自由现金流MHOPR
| 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MHOPR
| 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MHOPR
| 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MHOPR
| Q4 25 | -0.14× | 2.66× | ||
| Q3 25 | 0.41× | 12.94× | ||
| Q2 25 | 0.31× | 5.01× | ||
| Q1 25 | 0.58× | 2.73× | ||
| Q4 24 | 0.78× | 4.02× | ||
| Q3 24 | -0.47× | 2.47× | ||
| Q2 24 | 0.19× | 3.99× | ||
| Q1 24 | 0.84× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
