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M/I HOMES, INC.（MHO）与SouthState Bank Corp（SSB）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SouthState Bank Corp的1.7倍（$1.1B vs $661.7M），SouthState Bank Corp净利率更高（34.1% vs 5.6%，领先28.6%），过去两年SouthState Bank Corp的营收复合增速更高（37.4% 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。
SouthState Bank总部位于美国佛罗里达州温特黑文，是银行控股公司SouthState Corporation旗下的银行子公司。截至2025年5月26日，该行已在南卡罗来纳、北卡罗来纳、佐治亚、佛罗里达、阿拉巴马、弗吉尼亚、科罗拉多、得克萨斯八州设有371家营业网点，为当地客户提供各类银行金融服务。
MHO vs SSB — 直观对比
营收规模更大
MHO
是对方的1.7倍
$661.7M
净利率更高
SSB
高出28.6%
5.6%
两年增速更快
SSB
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $661.7M |
| 净利润 | $64.0M | $225.8M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 6.5% | 15.1% |
| 净利率 | 5.6% | 34.1% |
| 营收同比 | -4.8% | — |
| 净利润同比 | -52.1% | 153.5% |
| 每股收益（稀释后） | $2.42 | $2.28 |
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MHOSSB
| Q1 26 | — | $661.7M | ||
| Q4 25 | $1.1B | $581.1M | ||
| Q3 25 | $1.1B | $599.7M | ||
| Q2 25 | $1.2B | $577.9M | ||
| Q1 25 | $976.1M | $544.5M | ||
| Q4 24 | $1.2B | $369.8M | ||
| Q3 24 | $1.1B | $351.5M | ||
| Q2 24 | $1.1B | $350.3M |
净利润MHOSSB
| Q1 26 | — | $225.8M | ||
| Q4 25 | $64.0M | $247.7M | ||
| Q3 25 | $106.5M | $246.6M | ||
| Q2 25 | $121.2M | $215.2M | ||
| Q1 25 | $111.2M | $89.1M | ||
| Q4 24 | $133.5M | $144.2M | ||
| Q3 24 | $145.4M | $143.2M | ||
| Q2 24 | $146.7M | $132.4M |
毛利率MHOSSB
| 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MHOSSB
| Q1 26 | — | 15.1% | ||
| Q4 25 | 6.5% | 54.3% | ||
| Q3 25 | 12.0% | 53.6% | ||
| Q2 25 | 13.4% | 48.8% | ||
| Q1 25 | 14.4% | 22.3% | ||
| Q4 24 | 13.6% | 50.7% | ||
| Q3 24 | 15.9% | 53.1% | ||
| Q2 24 | 16.8% | 49.3% |
净利率MHOSSB
| Q1 26 | — | 34.1% | ||
| Q4 25 | 5.6% | 42.6% | ||
| Q3 25 | 9.4% | 41.1% | ||
| Q2 25 | 10.4% | 37.2% | ||
| Q1 25 | 11.4% | 16.4% | ||
| Q4 24 | 11.1% | 39.0% | ||
| Q3 24 | 12.7% | 40.7% | ||
| Q2 24 | 13.2% | 37.8% |
每股收益（稀释后）MHOSSB
| Q1 26 | — | $2.28 | ||
| Q4 25 | $2.42 | $2.47 | ||
| Q3 25 | $3.92 | $2.42 | ||
| Q2 25 | $4.42 | $2.11 | ||
| Q1 25 | $3.98 | $0.87 | ||
| Q4 24 | $4.71 | $1.88 | ||
| Q3 24 | $5.10 | $1.86 | ||
| Q2 24 | $5.12 | $1.73 |
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 | — | $2.9B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $9.0B |
| 总资产 | $4.8B | $68.0B |
| 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MHOSSB
| Q1 26 | — | $2.9B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MHOSSB
| Q1 26 | — | $9.0B | ||
| Q4 25 | $3.2B | $9.1B | ||
| Q3 25 | $3.1B | $9.0B | ||
| Q2 25 | $3.1B | $8.8B | ||
| Q1 25 | $3.0B | $8.6B | ||
| Q4 24 | $2.9B | $5.9B | ||
| Q3 24 | $2.8B | $5.9B | ||
| Q2 24 | $2.7B | $5.7B |
总资产MHOSSB
| Q1 26 | — | $68.0B | ||
| Q4 25 | $4.8B | $67.2B | ||
| Q3 25 | $4.8B | $66.0B | ||
| Q2 25 | $4.7B | $65.9B | ||
| Q1 25 | $4.6B | $65.1B | ||
| Q4 24 | $4.5B | $46.4B | ||
| Q3 24 | $4.5B | $46.1B | ||
| Q2 24 | $4.3B | $45.5B |
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MHOSSB
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $232.1M | ||
| Q3 25 | $43.4M | $122.4M | ||
| Q2 25 | $37.8M | $72.6M | ||
| Q1 25 | $64.9M | $-126.3M | ||
| Q4 24 | $104.4M | $354.3M | ||
| Q3 24 | $-67.9M | $-246.8M | ||
| Q2 24 | $27.5M | $126.8M |
自由现金流MHOSSB
| Q1 26 | — | — | ||
| Q4 25 | $-13.0M | $215.5M | ||
| Q3 25 | $42.0M | $101.7M | ||
| Q2 25 | $35.1M | $52.5M | ||
| Q1 25 | $63.5M | $-139.1M | ||
| Q4 24 | $102.3M | $340.9M | ||
| Q3 24 | $-68.5M | $-254.2M | ||
| Q2 24 | $22.0M | $117.3M |
自由现金流率MHOSSB
| Q1 26 | — | — | ||
| Q4 25 | -1.1% | 37.1% | ||
| Q3 25 | 3.7% | 17.0% | ||
| Q2 25 | 3.0% | 9.1% | ||
| Q1 25 | 6.5% | -25.5% | ||
| Q4 24 | 8.5% | 92.2% | ||
| Q3 24 | -6.0% | -72.3% | ||
| Q2 24 | 2.0% | 33.5% |
资本支出强度MHOSSB
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 2.9% | ||
| Q3 25 | 0.1% | 3.5% | ||
| Q2 25 | 0.2% | 3.5% | ||
| Q1 25 | 0.1% | 2.4% | ||
| Q4 24 | 0.2% | 3.6% | ||
| Q3 24 | 0.1% | 2.1% | ||
| Q2 24 | 0.5% | 2.7% |
现金转化率MHOSSB
| Q1 26 | — | — | ||
| Q4 25 | -0.14× | 0.94× | ||
| Q3 25 | 0.41× | 0.50× | ||
| Q2 25 | 0.31× | 0.34× | ||
| Q1 25 | 0.58× | -1.42× | ||
| Q4 24 | 0.78× | 2.46× | ||
| Q3 24 | -0.47× | -1.72× | ||
| Q2 24 | 0.19× | 0.96× |
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% |
SSB
| Net Interest Income | $561.6M | 85% |
| Noninterest Income | $100.1M | 15% |
