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M/I HOMES, INC.（MHO）与SUN COMMUNITIES INC（SUI）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SUN COMMUNITIES INC的1.6倍（$1.1B vs $697.2M），M/I HOMES, INC.净利率更高（5.6% vs 1.7%，领先3.8%），M/I HOMES, INC.同比增速更快（-4.8% vs -25.8%），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -2.1%）
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。
Sun Communities是一家上市房地产投资信托基金，核心投资品类为预制住宅社区及房车营地物业。截至2025年6月2日，该公司在美国、加拿大、英国三地合计持有500处相关资产的权益，专注于居住及休闲类不动产投资领域。
MHO vs SUI — 直观对比
营收规模更大
MHO
是对方的1.6倍
$697.2M
营收增速更快
MHO
高出21.0%
-25.8%
净利率更高
MHO
高出3.8%
1.7%
两年增速更快
MHO
近两年复合增速
-2.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $697.2M |
| 净利润 | $64.0M | $12.1M |
| 毛利率 | 17.4% | — |
| 营业利润率 | 6.5% | — |
| 净利率 | 5.6% | 1.7% |
| 营收同比 | -4.8% | -25.8% |
| 净利润同比 | -52.1% | -96.0% |
| 每股收益（稀释后） | $2.42 | $0.07 |
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MHOSUI
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | $697.2M | ||
| Q2 25 | $1.2B | $623.5M | ||
| Q1 25 | $976.1M | $470.2M | ||
| Q4 24 | $1.2B | $745.9M | ||
| Q3 24 | $1.1B | $939.9M | ||
| Q2 24 | $1.1B | $864.0M | ||
| Q1 24 | $1.0B | $671.3M |
净利润MHOSUI
| Q4 25 | $64.0M | — | ||
| Q3 25 | $106.5M | $12.1M | ||
| Q2 25 | $121.2M | $1.3B | ||
| Q1 25 | $111.2M | $-41.2M | ||
| Q4 24 | $133.5M | $-228.4M | ||
| Q3 24 | $145.4M | $300.5M | ||
| Q2 24 | $146.7M | $56.7M | ||
| Q1 24 | $138.1M | $-25.2M |
毛利率MHOSUI
| 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% | — | ||
| Q1 24 | 27.1% | — |
营业利润率MHOSUI
| Q4 25 | 6.5% | — | ||
| Q3 25 | 12.0% | — | ||
| Q2 25 | 13.4% | — | ||
| Q1 25 | 14.4% | — | ||
| Q4 24 | 13.6% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 16.6% | — |
净利率MHOSUI
| Q4 25 | 5.6% | — | ||
| Q3 25 | 9.4% | 1.7% | ||
| Q2 25 | 10.4% | 210.8% | ||
| Q1 25 | 11.4% | -8.8% | ||
| Q4 24 | 11.1% | -30.6% | ||
| Q3 24 | 12.7% | 32.0% | ||
| Q2 24 | 13.2% | 6.6% | ||
| Q1 24 | 13.2% | -3.8% |
每股收益（稀释后）MHOSUI
| Q4 25 | $2.42 | — | ||
| Q3 25 | $3.92 | $0.07 | ||
| Q2 25 | $4.42 | $10.02 | ||
| Q1 25 | $3.98 | $-0.34 | ||
| Q4 24 | $4.71 | $-1.80 | ||
| Q3 24 | $5.10 | $2.31 | ||
| Q2 24 | $5.12 | $0.42 | ||
| Q1 24 | $4.78 | $-0.22 |
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 | — | $542.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.2B | $7.0B |
| 总资产 | $4.8B | $12.8B |
| 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MHOSUI
| Q4 25 | — | — | ||
| Q3 25 | — | $542.7M | ||
| Q2 25 | — | $889.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $47.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
总债务MHOSUI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHOSUI
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | $7.0B | ||
| Q2 25 | $3.1B | $7.4B | ||
| Q1 25 | $3.0B | $6.9B | ||
| Q4 24 | $2.9B | $7.1B | ||
| Q3 24 | $2.8B | $7.5B | ||
| Q2 24 | $2.7B | $6.9B | ||
| Q1 24 | $2.6B | $6.9B |
总资产MHOSUI
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.8B | $12.8B | ||
| Q2 25 | $4.7B | $13.4B | ||
| Q1 25 | $4.6B | $16.5B | ||
| Q4 24 | $4.5B | $16.5B | ||
| Q3 24 | $4.5B | $17.1B | ||
| Q2 24 | $4.3B | $17.0B | ||
| Q1 24 | $4.2B | $17.1B |
负债/权益比MHOSUI
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $197.8M |
| 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× | 16.35× |
| 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MHOSUI
| Q4 25 | $-8.7M | — | ||
| Q3 25 | $43.4M | $197.8M | ||
| Q2 25 | $37.8M | $256.0M | ||
| Q1 25 | $64.9M | $243.9M | ||
| Q4 24 | $104.4M | $118.0M | ||
| Q3 24 | $-67.9M | $189.2M | ||
| Q2 24 | $27.5M | $311.3M | ||
| Q1 24 | $115.8M | $242.5M |
自由现金流MHOSUI
| 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 | — | ||
| Q1 24 | $115.5M | — |
自由现金流率MHOSUI
| 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% | — | ||
| Q1 24 | 11.0% | — |
资本支出强度MHOSUI
| 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% | — | ||
| Q1 24 | 0.0% | — |
现金转化率MHOSUI
| Q4 25 | -0.14× | — | ||
| Q3 25 | 0.41× | 16.35× | ||
| Q2 25 | 0.31× | 0.19× | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | 0.63× | ||
| Q2 24 | 0.19× | 5.49× | ||
| 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% |
SUI
暂无分部数据
