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M/I HOMES, INC.（MHO）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是M/I HOMES, INC.的1.9倍（$2.2B vs $1.1B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 5.6%，领先17.9%），M/I HOMES, INC.同比增速更快（-4.8% vs -36.8%），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
MHO vs RNR — 直观对比
营收规模更大
RNR
是对方的1.9倍
$1.1B
营收增速更快
MHO
高出31.9%
-36.8%
净利率更高
RNR
高出17.9%
5.6%
两年增速更快
MHO
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $2.2B |
| 净利润 | $64.0M | $515.8M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 6.5% | — |
| 净利率 | 5.6% | 23.5% |
| 营收同比 | -4.8% | -36.8% |
| 净利润同比 | -52.1% | 72.6% |
| 每股收益（稀释后） | $2.42 | $6.57 |
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MHORNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.1B | $3.0B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.2B | $3.2B | ||
| Q1 25 | $976.1M | $3.5B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.1B | $4.0B | ||
| Q2 24 | $1.1B | $2.8B |
净利润MHORNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $64.0M | $760.5M | ||
| Q3 25 | $106.5M | $916.5M | ||
| Q2 25 | $121.2M | $835.4M | ||
| Q1 25 | $111.2M | $170.0M | ||
| Q4 24 | $133.5M | $-189.7M | ||
| Q3 24 | $145.4M | $1.2B | ||
| Q2 24 | $146.7M | $503.9M |
毛利率MHORNR
| 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MHORNR
| Q1 26 | — | — | ||
| Q4 25 | 6.5% | 42.5% | ||
| Q3 25 | 12.0% | 46.3% | ||
| Q2 25 | 13.4% | 41.8% | ||
| Q1 25 | 14.4% | -2.0% | ||
| Q4 24 | 13.6% | -3.6% | ||
| Q3 24 | 15.9% | 43.7% | ||
| Q2 24 | 16.8% | 25.0% |
净利率MHORNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 5.6% | 25.6% | ||
| Q3 25 | 9.4% | 28.7% | ||
| Q2 25 | 10.4% | 26.1% | ||
| Q1 25 | 11.4% | 4.9% | ||
| Q4 24 | 11.1% | -8.3% | ||
| Q3 24 | 12.7% | 29.8% | ||
| Q2 24 | 13.2% | 17.8% |
每股收益（稀释后）MHORNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $2.42 | $16.16 | ||
| Q3 25 | $3.92 | $19.40 | ||
| Q2 25 | $4.42 | $17.20 | ||
| Q1 25 | $3.98 | $3.27 | ||
| Q4 24 | $4.71 | $-3.76 | ||
| Q3 24 | $5.10 | $22.62 | ||
| Q2 24 | $5.12 | $9.41 |
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 | — | $1.6B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $4.3B |
| 总资产 | $4.8B | $53.7B |
| 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MHORNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | — | $1.7B | ||
| Q3 25 | — | $1.7B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | — | $1.6B |
总债务MHORNR
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $2.0B |
股东权益MHORNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $3.2B | $11.6B | ||
| Q3 25 | $3.1B | $11.5B | ||
| Q2 25 | $3.1B | $10.8B | ||
| Q1 25 | $3.0B | $10.3B | ||
| Q4 24 | $2.9B | $10.6B | ||
| Q3 24 | $2.8B | $11.2B | ||
| Q2 24 | $2.7B | $10.2B |
总资产MHORNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $4.8B | $53.8B | ||
| Q3 25 | $4.8B | $54.5B | ||
| Q2 25 | $4.7B | $54.7B | ||
| Q1 25 | $4.6B | $53.6B | ||
| Q4 24 | $4.5B | $50.7B | ||
| Q3 24 | $4.5B | $52.8B | ||
| Q2 24 | $4.3B | $51.6B |
负债/权益比MHORNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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MHORNR
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $483.0M | ||
| Q3 25 | $43.4M | $1.6B | ||
| Q2 25 | $37.8M | $1.5B | ||
| Q1 25 | $64.9M | $157.8M | ||
| Q4 24 | $104.4M | $778.9M | ||
| Q3 24 | $-67.9M | $1.5B | ||
| Q2 24 | $27.5M | $1.2B |
自由现金流MHORNR
| 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MHORNR
| 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MHORNR
| 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MHORNR
| Q1 26 | — | — | ||
| Q4 25 | -0.14× | 0.64× | ||
| Q3 25 | 0.41× | 1.73× | ||
| Q2 25 | 0.31× | 1.76× | ||
| Q1 25 | 0.58× | 0.93× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | 1.26× | ||
| Q2 24 | 0.19× | 2.41× |
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% |
RNR
暂无分部数据
