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M/I HOMES, INC.（MHO）与Primo Brands Corp（PRMB）财务数据对比。点击上方公司名可切换其他公司
Primo Brands Corp的季度营收约是M/I HOMES, INC.的1.4倍（$1.6B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs -0.8%，领先6.4%），Primo Brands Corp自由现金流更多（$57.3M vs $-13.0M）
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。
Primo Brands Corp是一家美加合资饮用水企业，主营多规格桶装水、饮水机、自助补水设备及净水家电，总部位于美国佛罗里达州坦帕市，服务覆盖美国、加拿大、欧洲及以色列的住宅与商业客户。
MHO vs PRMB — 直观对比
营收规模更大
PRMB
是对方的1.4倍
$1.1B
净利率更高
MHO
高出6.4%
-0.8%
自由现金流更多
PRMB
多$70.3M
$-13.0M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.6B |
| 净利润 | $64.0M | $-13.0M |
| 毛利率 | 17.4% | 27.7% |
| 营业利润率 | 6.5% | 1.2% |
| 净利率 | 5.6% | -0.8% |
| 营收同比 | -4.8% | — |
| 净利润同比 | -52.1% | — |
| 每股收益（稀释后） | $2.42 | $-0.03 |
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MHOPRMB
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $976.1M | $1.6B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $0 | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.0B | $1.1B |
净利润MHOPRMB
| Q4 25 | $64.0M | $-13.0M | ||
| Q3 25 | $106.5M | $16.8M | ||
| Q2 25 | $121.2M | $27.6M | ||
| Q1 25 | $111.2M | $28.7M | ||
| Q4 24 | $133.5M | — | ||
| Q3 24 | $145.4M | $-2.0K | ||
| Q2 24 | $146.7M | $54.5M | ||
| Q1 24 | $138.1M | $33.5M |
毛利率MHOPRMB
| Q4 25 | 17.4% | 27.7% | ||
| Q3 25 | 24.5% | 29.9% | ||
| Q2 25 | 24.7% | 31.3% | ||
| Q1 25 | 25.9% | 32.3% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.1% | — | ||
| Q2 24 | 27.9% | 32.7% | ||
| Q1 24 | 27.1% | 30.4% |
营业利润率MHOPRMB
| Q4 25 | 6.5% | 1.2% | ||
| Q3 25 | 12.0% | 8.3% | ||
| Q2 25 | 13.4% | 6.5% | ||
| Q1 25 | 14.4% | 9.5% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.8% | 12.1% | ||
| Q1 24 | 16.6% | 11.0% |
净利率MHOPRMB
| Q4 25 | 5.6% | -0.8% | ||
| Q3 25 | 9.4% | 1.0% | ||
| Q2 25 | 10.4% | 1.6% | ||
| Q1 25 | 11.4% | 1.8% | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 12.7% | — | ||
| Q2 24 | 13.2% | 4.1% | ||
| Q1 24 | 13.2% | 2.9% |
每股收益（稀释后）MHOPRMB
| Q4 25 | $2.42 | $-0.03 | ||
| Q3 25 | $3.92 | $0.04 | ||
| Q2 25 | $4.42 | $0.07 | ||
| Q1 25 | $3.98 | $0.08 | ||
| Q4 24 | $4.71 | — | ||
| Q3 24 | $5.10 | $-20.00 | ||
| Q2 24 | $5.12 | $0.25 | ||
| Q1 24 | $4.78 | $0.15 |
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 | — | $376.7M |
| 总债务越低越好 | — | $5.2B |
| 股东权益账面价值 | $3.2B | $3.0B |
| 总资产 | $4.8B | $10.6B |
| 负债/权益比越低杠杆越低 | — | 1.72× |
8季度趋势，按日历期对齐
现金及短期投资MHOPRMB
| Q4 25 | — | $376.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务MHOPRMB
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.1B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHOPRMB
| Q4 25 | $3.2B | $3.0B | ||
| Q3 25 | $3.1B | $3.2B | ||
| Q2 25 | $3.1B | $3.2B | ||
| Q1 25 | $3.0B | $3.3B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.8B | $-2.0K | ||
| Q2 24 | $2.7B | $-296.8M | ||
| Q1 24 | $2.6B | $-349.8M |
总资产MHOPRMB
| Q4 25 | $4.8B | $10.6B | ||
| Q3 25 | $4.8B | $11.0B | ||
| Q2 25 | $4.7B | $11.0B | ||
| Q1 25 | $4.6B | $11.0B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | $0 | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | — |
负债/权益比MHOPRMB
| Q4 25 | — | 1.72× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | — | 1.57× | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $-8.7M | $203.1M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $57.3M |
| 自由现金流率自由现金流/营收 | -1.1% | 3.7% |
| 资本支出强度资本支出/营收 | 0.4% | 9.4% |
| 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 | $302.9M |
8季度趋势，按日历期对齐
经营现金流MHOPRMB
| Q4 25 | $-8.7M | $203.1M | ||
| Q3 25 | $43.4M | $283.4M | ||
| Q2 25 | $37.8M | $155.0M | ||
| Q1 25 | $64.9M | $38.8M | ||
| Q4 24 | $104.4M | — | ||
| Q3 24 | $-67.9M | $0 | ||
| Q2 24 | $27.5M | $102.5M | ||
| Q1 24 | $115.8M | $6.0M |
自由现金流MHOPRMB
| Q4 25 | $-13.0M | $57.3M | ||
| Q3 25 | $42.0M | $167.7M | ||
| Q2 25 | $35.1M | $101.1M | ||
| Q1 25 | $63.5M | $-23.2M | ||
| Q4 24 | $102.3M | — | ||
| Q3 24 | $-68.5M | — | ||
| Q2 24 | $22.0M | $61.4M | ||
| Q1 24 | $115.5M | $-17.5M |
自由现金流率MHOPRMB
| Q4 25 | -1.1% | 3.7% | ||
| Q3 25 | 3.7% | 9.5% | ||
| Q2 25 | 3.0% | 5.8% | ||
| Q1 25 | 6.5% | -1.4% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | -6.0% | — | ||
| Q2 24 | 2.0% | 4.7% | ||
| Q1 24 | 11.0% | -1.5% |
资本支出强度MHOPRMB
| Q4 25 | 0.4% | 9.4% | ||
| Q3 25 | 0.1% | 6.6% | ||
| Q2 25 | 0.2% | 3.1% | ||
| Q1 25 | 0.1% | 3.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.5% | 3.1% | ||
| Q1 24 | 0.0% | 2.1% |
现金转化率MHOPRMB
| Q4 25 | -0.14× | — | ||
| Q3 25 | 0.41× | 16.87× | ||
| Q2 25 | 0.31× | 5.62× | ||
| Q1 25 | 0.58× | 1.35× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | — | ||
| Q2 24 | 0.19× | 1.88× | ||
| Q1 24 | 0.84× | 0.18× |
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% |
PRMB
| Regional Spring Water | $765.1M | 49% |
| Purified Water | $484.5M | 31% |
| Other | $188.4M | 12% |
| Premium Water | $90.3M | 6% |
| Other Water | $25.8M | 2% |
