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M/I HOMES, INC.（MHO）与Atlassian Corp（TEAM）财务数据对比。点击上方公司名可切换其他公司
Atlassian Corp的季度营收约是M/I HOMES, INC.的1.4倍（$1.6B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs -2.7%，领先8.3%），Atlassian Corp同比增速更快（23.3% vs -4.8%），Atlassian Corp自由现金流更多（$168.5M vs $-13.0M）
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。
Dragoneer投资集团是总部位于美国加利福尼亚州旧金山的专业投资机构，专注于全球科技领域的投资布局，业务覆盖公开股票市场与私募股权市场，在全球科技投资赛道拥有丰富的运作经验和行业资源。
MHO vs TEAM — 直观对比
营收规模更大
TEAM
是对方的1.4倍
$1.1B
营收增速更快
TEAM
高出28.1%
-4.8%
净利率更高
MHO
高出8.3%
-2.7%
自由现金流更多
TEAM
多$181.5M
$-13.0M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.6B |
| 净利润 | $64.0M | $-42.6M |
| 毛利率 | 17.4% | 85.0% |
| 营业利润率 | 6.5% | -3.0% |
| 净利率 | 5.6% | -2.7% |
| 营收同比 | -4.8% | 23.3% |
| 净利润同比 | -52.1% | -11.6% |
| 每股收益（稀释后） | $2.42 | $-0.16 |
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MHOTEAM
| Q4 25 | $1.1B | $1.6B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $976.1M | $1.4B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.0B | $1.2B |
净利润MHOTEAM
| Q4 25 | $64.0M | $-42.6M | ||
| Q3 25 | $106.5M | $-51.9M | ||
| Q2 25 | $121.2M | $-23.9M | ||
| Q1 25 | $111.2M | $-70.8M | ||
| Q4 24 | $133.5M | $-38.2M | ||
| Q3 24 | $145.4M | $-123.8M | ||
| Q2 24 | $146.7M | — | ||
| Q1 24 | $138.1M | $12.8M |
毛利率MHOTEAM
| Q4 25 | 17.4% | 85.0% | ||
| Q3 25 | 24.5% | 82.0% | ||
| Q2 25 | 24.7% | 83.1% | ||
| Q1 25 | 25.9% | 83.8% | ||
| Q4 24 | 24.6% | 82.7% | ||
| Q3 24 | 27.1% | 81.7% | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.1% | 82.1% |
营业利润率MHOTEAM
| Q4 25 | 6.5% | -3.0% | ||
| Q3 25 | 12.0% | -6.7% | ||
| Q2 25 | 13.4% | -2.1% | ||
| Q1 25 | 14.4% | -0.9% | ||
| Q4 24 | 13.6% | -4.5% | ||
| Q3 24 | 15.9% | -2.7% | ||
| Q2 24 | 16.8% | — | ||
| Q1 24 | 16.6% | 1.5% |
净利率MHOTEAM
| Q4 25 | 5.6% | -2.7% | ||
| Q3 25 | 9.4% | -3.6% | ||
| Q2 25 | 10.4% | -1.7% | ||
| Q1 25 | 11.4% | -5.2% | ||
| Q4 24 | 11.1% | -3.0% | ||
| Q3 24 | 12.7% | -10.4% | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | 13.2% | 1.1% |
每股收益（稀释后）MHOTEAM
| Q4 25 | $2.42 | $-0.16 | ||
| Q3 25 | $3.92 | $-0.20 | ||
| Q2 25 | $4.42 | $-0.08 | ||
| Q1 25 | $3.98 | $-0.27 | ||
| Q4 24 | $4.71 | $-0.15 | ||
| Q3 24 | $5.10 | $-0.48 | ||
| Q2 24 | $5.12 | — | ||
| Q1 24 | $4.78 | $0.05 |
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 | $1.6B |
| 总资产 | $4.8B | $6.2B |
| 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MHOTEAM
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $2.8B | ||
| Q2 25 | — | $2.9B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.1B |
股东权益MHOTEAM
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $2.9B | $1.2B | ||
| Q3 24 | $2.8B | $1.0B | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.6B | $1.1B |
总资产MHOTEAM
| Q4 25 | $4.8B | $6.2B | ||
| Q3 25 | $4.8B | $5.7B | ||
| Q2 25 | $4.7B | $6.0B | ||
| Q1 25 | $4.6B | $5.9B | ||
| Q4 24 | $4.5B | $5.4B | ||
| Q3 24 | $4.5B | $5.0B | ||
| Q2 24 | $4.3B | — | ||
| Q1 24 | $4.2B | $5.1B |
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 | $177.8M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $168.5M |
| 自由现金流率自由现金流/营收 | -1.1% | 10.6% |
| 资本支出强度资本支出/营收 | 0.4% | 0.6% |
| 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 | $1.3B |
8季度趋势，按日历期对齐
经营现金流MHOTEAM
| Q4 25 | $-8.7M | $177.8M | ||
| Q3 25 | $43.4M | $128.7M | ||
| Q2 25 | $37.8M | $375.3M | ||
| Q1 25 | $64.9M | $652.7M | ||
| Q4 24 | $104.4M | $351.9M | ||
| Q3 24 | $-67.9M | $80.5M | ||
| Q2 24 | $27.5M | — | ||
| Q1 24 | $115.8M | $565.4M |
自由现金流MHOTEAM
| Q4 25 | $-13.0M | $168.5M | ||
| Q3 25 | $42.0M | $114.6M | ||
| Q2 25 | $35.1M | $360.3M | ||
| Q1 25 | $63.5M | $638.3M | ||
| Q4 24 | $102.3M | $342.6M | ||
| Q3 24 | $-68.5M | $74.3M | ||
| Q2 24 | $22.0M | — | ||
| Q1 24 | $115.5M | $554.9M |
自由现金流率MHOTEAM
| Q4 25 | -1.1% | 10.6% | ||
| Q3 25 | 3.7% | 8.0% | ||
| Q2 25 | 3.0% | 26.0% | ||
| Q1 25 | 6.5% | 47.0% | ||
| Q4 24 | 8.5% | 26.6% | ||
| Q3 24 | -6.0% | 6.3% | ||
| Q2 24 | 2.0% | — | ||
| Q1 24 | 11.0% | 46.7% |
资本支出强度MHOTEAM
| Q4 25 | 0.4% | 0.6% | ||
| Q3 25 | 0.1% | 1.0% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.1% | 1.1% | ||
| Q4 24 | 0.2% | 0.7% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.5% | — | ||
| Q1 24 | 0.0% | 0.9% |
现金转化率MHOTEAM
| Q4 25 | -0.14× | — | ||
| Q3 25 | 0.41× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.58× | — | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | — | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.84× | 44.34× |
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% |
TEAM
| Cloud Deployment Services | $1.1B | 67% |
| Data Center Deployment | $435.6M | 27% |
| Marketplace And Services Deployment | $83.7M | 5% |
