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M/I HOMES, INC.（MHO）与SONOCO PRODUCTS CO（SON）财务数据对比。点击上方公司名可切换其他公司
SONOCO PRODUCTS CO的季度营收约是M/I HOMES, INC.的1.5倍（$1.7B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs 4.1%，领先1.5%），SONOCO PRODUCTS CO同比增速更快（-1.9% vs -4.8%），M/I HOMES, INC.自由现金流更多（$-13.0M vs $-428.3B），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs 1.2%）
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。
索诺科产品公司是美国多元化包装服务商，主营消费包装、工业产品、防护包装及包装供应链服务，是全球最大的复合罐、纸管和纸芯生产商。公司成立于1889年，年净销售额约73亿美元，在33个国家设有超335个运营点，员工1.99万名，业务覆盖超85个国家，总部位于南卡罗来纳州哈茨维尔。
MHO vs SON — 直观对比
营收规模更大
SON
是对方的1.5倍
$1.1B
营收增速更快
SON
高出2.9%
-4.8%
净利率更高
MHO
高出1.5%
4.1%
自由现金流更多
MHO
多$428.3B
$-428.3B
两年增速更快
MHO
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.7B |
| 净利润 | $64.0M | $68.0M |
| 毛利率 | 17.4% | 20.6% |
| 营业利润率 | 6.5% | 7.6% |
| 净利率 | 5.6% | 4.1% |
| 营收同比 | -4.8% | -1.9% |
| 净利润同比 | -52.1% | 25.9% |
| 每股收益（稀释后） | $2.42 | $0.68 |
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MHOSON
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $1.8B | ||
| Q3 25 | $1.1B | $2.1B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $976.1M | $1.7B | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.1B | $1.6B |
净利润MHOSON
| Q1 26 | — | $68.0M | ||
| Q4 25 | $64.0M | $332.2M | ||
| Q3 25 | $106.5M | $122.9M | ||
| Q2 25 | $121.2M | $493.4M | ||
| Q1 25 | $111.2M | $54.4M | ||
| Q4 24 | $133.5M | — | ||
| Q3 24 | $145.4M | $50.9M | ||
| Q2 24 | $146.7M | $90.8M |
毛利率MHOSON
| Q1 26 | — | 20.6% | ||
| Q4 25 | 17.4% | 19.6% | ||
| Q3 25 | 24.5% | 21.9% | ||
| Q2 25 | 24.7% | 21.3% | ||
| Q1 25 | 25.9% | 20.7% | ||
| Q4 24 | 24.6% | — | ||
| Q3 24 | 27.1% | 21.4% | ||
| Q2 24 | 27.9% | 22.0% |
营业利润率MHOSON
| Q1 26 | — | 7.6% | ||
| Q4 25 | 6.5% | 29.4% | ||
| Q3 25 | 12.0% | 9.1% | ||
| Q2 25 | 13.4% | 9.2% | ||
| Q1 25 | 14.4% | 7.4% | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 15.9% | 7.6% | ||
| Q2 24 | 16.8% | 8.6% |
净利率MHOSON
| Q1 26 | — | 4.1% | ||
| Q4 25 | 5.6% | 18.8% | ||
| Q3 25 | 9.4% | 5.8% | ||
| Q2 25 | 10.4% | 25.8% | ||
| Q1 25 | 11.4% | 3.2% | ||
| Q4 24 | 11.1% | — | ||
| Q3 24 | 12.7% | 3.0% | ||
| Q2 24 | 13.2% | 5.6% |
每股收益（稀释后）MHOSON
| Q1 26 | — | $0.68 | ||
| Q4 25 | $2.42 | $3.33 | ||
| Q3 25 | $3.92 | $1.23 | ||
| Q2 25 | $4.42 | $4.96 | ||
| Q1 25 | $3.98 | $0.55 | ||
| Q4 24 | $4.71 | — | ||
| Q3 24 | $5.10 | $0.51 | ||
| Q2 24 | $5.12 | $0.92 |
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 | — | $224.5M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $3.2B | $3.6B |
| 总资产 | $4.8B | $11.1B |
| 负债/权益比越低杠杆越低 | — | 0.97× |
8季度趋势，按日历期对齐
现金及短期投资MHOSON
| Q1 26 | — | $224.5M | ||
| Q4 25 | — | $378.4M | ||
| Q3 25 | — | $244.9M | ||
| Q2 25 | — | $329.8M | ||
| Q1 25 | — | $181.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $140.2M |
总债务MHOSON
| Q1 26 | — | $3.5B | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.8B | ||
| Q2 25 | — | $5.0B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $2.5B |
股东权益MHOSON
| Q1 26 | — | $3.6B | ||
| Q4 25 | $3.2B | $3.6B | ||
| Q3 25 | $3.1B | $3.3B | ||
| Q2 25 | $3.1B | $3.2B | ||
| Q1 25 | $3.0B | $2.4B | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.8B | $2.5B | ||
| Q2 24 | $2.7B | $2.4B |
总资产MHOSON
| Q1 26 | — | $11.1B | ||
| Q4 25 | $4.8B | $11.2B | ||
| Q3 25 | $4.8B | $11.7B | ||
| Q2 25 | $4.7B | $12.0B | ||
| Q1 25 | $4.6B | $12.7B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.5B | $9.0B | ||
| Q2 24 | $4.3B | $7.2B |
负债/权益比MHOSON
| Q1 26 | — | 0.97× | ||
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 1.54× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.74× | ||
| Q2 24 | — | 1.04× |
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 | $-428.3B |
| 自由现金流率自由现金流/营收 | -1.1% | -25547.4% |
| 资本支出强度资本支出/营收 | 0.4% | 3600.5% |
| 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 | $-427.6B |
8季度趋势，按日历期对齐
经营现金流MHOSON
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $412.9M | ||
| Q3 25 | $43.4M | $291.5M | ||
| Q2 25 | $37.8M | $193.4M | ||
| Q1 25 | $64.9M | $-208.1M | ||
| Q4 24 | $104.4M | — | ||
| Q3 24 | $-67.9M | $162.1M | ||
| Q2 24 | $27.5M | $109.3M |
自由现金流MHOSON
| Q1 26 | — | $-428.3B | ||
| Q4 25 | $-13.0M | $322.3M | ||
| Q3 25 | $42.0M | $225.6M | ||
| Q2 25 | $35.1M | $98.6M | ||
| Q1 25 | $63.5M | $-300.8M | ||
| Q4 24 | $102.3M | — | ||
| Q3 24 | $-68.5M | $70.5M | ||
| Q2 24 | $22.0M | $16.0M |
自由现金流率MHOSON
| Q1 26 | — | -25547.4% | ||
| Q4 25 | -1.1% | 18.2% | ||
| Q3 25 | 3.7% | 10.6% | ||
| Q2 25 | 3.0% | 5.2% | ||
| Q1 25 | 6.5% | -17.6% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | -6.0% | 4.2% | ||
| Q2 24 | 2.0% | 1.0% |
资本支出强度MHOSON
| Q1 26 | — | 3600.5% | ||
| Q4 25 | 0.4% | 5.1% | ||
| Q3 25 | 0.1% | 3.1% | ||
| Q2 25 | 0.2% | 5.0% | ||
| Q1 25 | 0.1% | 5.4% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | 5.5% | ||
| Q2 24 | 0.5% | 5.7% |
现金转化率MHOSON
| Q1 26 | — | — | ||
| Q4 25 | -0.14× | 1.24× | ||
| Q3 25 | 0.41× | 2.37× | ||
| Q2 25 | 0.31× | 0.39× | ||
| Q1 25 | 0.58× | -3.82× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | 3.18× | ||
| Q2 24 | 0.19× | 1.20× |
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% |
SON
| Consumer Packaging | $1.1B | 65% |
| Industrial Paper Packaging | $587.5M | 35% |
| All Other | $55.1M | 3% |
