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M/I HOMES, INC.（MHO）与Rithm Capital Corp.（RITM）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Rithm Capital Corp.的1.4倍（$1.1B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 5.6%，领先7.6%），Rithm Capital Corp.同比增速更快（508.5% vs -4.8%），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
MHO vs RITM — 直观对比
营收规模更大
MHO
是对方的1.4倍
$828.2M
营收增速更快
RITM
高出513.3%
-4.8%
净利率更高
RITM
高出7.6%
5.6%
两年增速更快
MHO
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $828.2M |
| 净利润 | $64.0M | $109.5M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 6.5% | 29.9% |
| 净利率 | 5.6% | 13.2% |
| 营收同比 | -4.8% | 508.5% |
| 净利润同比 | -52.1% | 27.7% |
| 每股收益（稀释后） | $2.42 | $0.12 |
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MHORITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $976.1M | $768.4M | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.1B | $619.5M | ||
| Q2 24 | $1.1B | $1.2B |
净利润MHORITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $64.0M | $85.0M | ||
| Q3 25 | $106.5M | $221.5M | ||
| Q2 25 | $121.2M | $311.7M | ||
| Q1 25 | $111.2M | $78.8M | ||
| Q4 24 | $133.5M | $290.2M | ||
| Q3 24 | $145.4M | $121.7M | ||
| Q2 24 | $146.7M | $235.6M |
毛利率MHORITM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率MHORITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 6.5% | 13.8% | ||
| Q3 25 | 12.0% | 21.4% | ||
| Q2 25 | 13.4% | 25.2% | ||
| Q1 25 | 14.4% | 7.4% | ||
| Q4 24 | 13.6% | 23.8% | ||
| Q3 24 | 15.9% | 7.3% | ||
| Q2 24 | 16.8% | 23.6% |
净利率MHORITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 5.6% | 5.7% | ||
| Q3 25 | 9.4% | 20.0% | ||
| Q2 25 | 10.4% | 25.6% | ||
| Q1 25 | 11.4% | 10.3% | ||
| Q4 24 | 11.1% | 14.0% | ||
| Q3 24 | 12.7% | 19.7% | ||
| Q2 24 | 13.2% | 19.2% |
每股收益（稀释后）MHORITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $2.42 | $0.09 | ||
| Q3 25 | $3.92 | $0.35 | ||
| Q2 25 | $4.42 | $0.53 | ||
| Q1 25 | $3.98 | $0.07 | ||
| Q4 24 | $4.71 | $0.50 | ||
| Q3 24 | $5.10 | $0.20 | ||
| Q2 24 | $5.12 | $0.43 |
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 | — | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $9.1B |
| 总资产 | $4.8B | $53.4B |
| 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MHORITM
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.6B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.2B |
总债务MHORITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | — | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益MHORITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $3.2B | $8.4B | ||
| Q3 25 | $3.1B | $8.5B | ||
| Q2 25 | $3.1B | $7.9B | ||
| Q1 25 | $3.0B | $7.8B | ||
| Q4 24 | $2.9B | $7.8B | ||
| Q3 24 | $2.8B | $7.7B | ||
| Q2 24 | $2.7B | $7.3B |
总资产MHORITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $4.8B | $53.1B | ||
| Q3 25 | $4.8B | $47.2B | ||
| Q2 25 | $4.7B | $44.3B | ||
| Q1 25 | $4.6B | $45.3B | ||
| Q4 24 | $4.5B | $46.0B | ||
| Q3 24 | $4.5B | $42.3B | ||
| Q2 24 | $4.3B | $42.0B |
负债/权益比MHORITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 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× | — |
| 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MHORITM
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $-114.6M | ||
| Q3 25 | $43.4M | $-2.0B | ||
| Q2 25 | $37.8M | $-557.1M | ||
| Q1 25 | $64.9M | $1.4B | ||
| Q4 24 | $104.4M | $-1.8B | ||
| Q3 24 | $-67.9M | $768.1M | ||
| Q2 24 | $27.5M | $-55.7M |
自由现金流MHORITM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率MHORITM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度MHORITM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率MHORITM
| Q1 26 | — | — | ||
| Q4 25 | -0.14× | -1.35× | ||
| Q3 25 | 0.41× | -9.22× | ||
| Q2 25 | 0.31× | -1.79× | ||
| Q1 25 | 0.58× | 18.03× | ||
| Q4 24 | 0.78× | -6.04× | ||
| Q3 24 | -0.47× | 6.31× | ||
| Q2 24 | 0.19× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
