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M/I HOMES, INC.（MHO）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.6倍（$1.1B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 5.6%，领先29.1%），Reddit, Inc.同比增速更快（69.7% vs -4.8%），Reddit, Inc.自由现金流更多（$263.6M vs $-13.0M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
MHO vs RDDT — 直观对比
营收规模更大
MHO
是对方的1.6倍
$725.6M
营收增速更快
RDDT
高出74.5%
-4.8%
净利率更高
RDDT
高出29.1%
5.6%
自由现金流更多
RDDT
多$276.6M
$-13.0M
两年增速更快
RDDT
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $725.6M |
| 净利润 | $64.0M | $251.6M |
| 毛利率 | 17.4% | 91.9% |
| 营业利润率 | 6.5% | 31.9% |
| 净利率 | 5.6% | 34.7% |
| 营收同比 | -4.8% | 69.7% |
| 净利润同比 | -52.1% | 254.2% |
| 每股收益（稀释后） | $2.42 | $1.24 |
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MHORDDT
| Q4 25 | $1.1B | $725.6M | ||
| Q3 25 | $1.1B | $584.9M | ||
| Q2 25 | $1.2B | $499.6M | ||
| Q1 25 | $976.1M | $392.4M | ||
| Q4 24 | $1.2B | $427.7M | ||
| Q3 24 | $1.1B | $348.4M | ||
| Q2 24 | $1.1B | $281.2M | ||
| Q1 24 | $1.0B | $243.0M |
净利润MHORDDT
| Q4 25 | $64.0M | $251.6M | ||
| Q3 25 | $106.5M | $162.7M | ||
| Q2 25 | $121.2M | $89.3M | ||
| Q1 25 | $111.2M | $26.2M | ||
| Q4 24 | $133.5M | $71.0M | ||
| Q3 24 | $145.4M | $29.9M | ||
| Q2 24 | $146.7M | $-10.1M | ||
| Q1 24 | $138.1M | $-575.1M |
毛利率MHORDDT
| Q4 25 | 17.4% | 91.9% | ||
| Q3 25 | 24.5% | 91.0% | ||
| Q2 25 | 24.7% | 90.8% | ||
| Q1 25 | 25.9% | 90.5% | ||
| Q4 24 | 24.6% | 92.6% | ||
| Q3 24 | 27.1% | 90.1% | ||
| Q2 24 | 27.9% | 89.5% | ||
| Q1 24 | 27.1% | 88.6% |
营业利润率MHORDDT
| Q4 25 | 6.5% | 31.9% | ||
| Q3 25 | 12.0% | 23.7% | ||
| Q2 25 | 13.4% | 13.6% | ||
| Q1 25 | 14.4% | 1.0% | ||
| Q4 24 | 13.6% | 12.4% | ||
| Q3 24 | 15.9% | 2.0% | ||
| Q2 24 | 16.8% | -11.0% | ||
| Q1 24 | 16.6% | -242.5% |
净利率MHORDDT
| Q4 25 | 5.6% | 34.7% | ||
| Q3 25 | 9.4% | 27.8% | ||
| Q2 25 | 10.4% | 17.9% | ||
| Q1 25 | 11.4% | 6.7% | ||
| Q4 24 | 11.1% | 16.6% | ||
| Q3 24 | 12.7% | 8.6% | ||
| Q2 24 | 13.2% | -3.6% | ||
| Q1 24 | 13.2% | -236.7% |
每股收益（稀释后）MHORDDT
| Q4 25 | $2.42 | $1.24 | ||
| Q3 25 | $3.92 | $0.80 | ||
| Q2 25 | $4.42 | $0.45 | ||
| Q1 25 | $3.98 | $0.13 | ||
| Q4 24 | $4.71 | $4.76 | ||
| Q3 24 | $5.10 | $0.16 | ||
| Q2 24 | $5.12 | $-0.06 | ||
| Q1 24 | $4.78 | $-8.19 |
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 | — | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $2.9B |
| 总资产 | $4.8B | $3.2B |
| 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MHORDDT
| Q4 25 | — | $953.6M | ||
| Q3 25 | — | $911.7M | ||
| Q2 25 | — | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | — | $515.9M | ||
| Q2 24 | — | $468.0M | ||
| Q1 24 | — | $968.5M |
股东权益MHORDDT
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.1B | $2.6B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.0B | $2.2B | ||
| Q4 24 | $2.9B | $2.1B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.6B | $1.8B |
总资产MHORDDT
| Q4 25 | $4.8B | $3.2B | ||
| Q3 25 | $4.8B | $2.9B | ||
| Q2 25 | $4.7B | $2.6B | ||
| Q1 25 | $4.6B | $2.4B | ||
| Q4 24 | $4.5B | $2.3B | ||
| Q3 24 | $4.5B | $2.2B | ||
| Q2 24 | $4.3B | $2.1B | ||
| Q1 24 | $4.2B | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $263.6M |
| 自由现金流率自由现金流/营收 | -1.1% | 36.3% |
| 资本支出强度资本支出/营收 | 0.4% | 0.4% |
| 现金转化率经营现金流/净利润 | -0.14× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $127.7M | $684.2M |
8季度趋势，按日历期对齐
经营现金流MHORDDT
| Q4 25 | $-8.7M | $266.8M | ||
| Q3 25 | $43.4M | $185.2M | ||
| Q2 25 | $37.8M | $111.3M | ||
| Q1 25 | $64.9M | $127.6M | ||
| Q4 24 | $104.4M | $90.0M | ||
| Q3 24 | $-67.9M | $71.6M | ||
| Q2 24 | $27.5M | $28.4M | ||
| Q1 24 | $115.8M | $32.1M |
自由现金流MHORDDT
| Q4 25 | $-13.0M | $263.6M | ||
| Q3 25 | $42.0M | $183.1M | ||
| Q2 25 | $35.1M | $110.8M | ||
| Q1 25 | $63.5M | $126.6M | ||
| Q4 24 | $102.3M | $89.2M | ||
| Q3 24 | $-68.5M | $70.3M | ||
| Q2 24 | $22.0M | $27.2M | ||
| Q1 24 | $115.5M | $29.2M |
自由现金流率MHORDDT
| Q4 25 | -1.1% | 36.3% | ||
| Q3 25 | 3.7% | 31.3% | ||
| Q2 25 | 3.0% | 22.2% | ||
| Q1 25 | 6.5% | 32.3% | ||
| Q4 24 | 8.5% | 20.8% | ||
| Q3 24 | -6.0% | 20.2% | ||
| Q2 24 | 2.0% | 9.7% | ||
| Q1 24 | 11.0% | 12.0% |
资本支出强度MHORDDT
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.1% | 0.4% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.5% | 0.4% | ||
| Q1 24 | 0.0% | 1.2% |
现金转化率MHORDDT
| Q4 25 | -0.14× | 1.06× | ||
| Q3 25 | 0.41× | 1.14× | ||
| Q2 25 | 0.31× | 1.25× | ||
| Q1 25 | 0.58× | 4.88× | ||
| Q4 24 | 0.78× | 1.27× | ||
| Q3 24 | -0.47× | 2.40× | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
