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M/I HOMES, INC.（MHO）与TTM TECHNOLOGIES INC（TTMI）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TTM TECHNOLOGIES INC的1.5倍（$1.1B vs $774.3M），TTM TECHNOLOGIES INC净利率更高（6.5% vs 5.6%，领先1.0%），TTM TECHNOLOGIES INC同比增速更快（18.9% vs -4.8%），TTM TECHNOLOGIES INC自由现金流更多（$-6.5M vs $-13.0M），过去两年TTM TECHNOLOGIES INC的营收复合增速更高（16.7% 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。
TTM科技是总部位于美国加利福尼亚州圣安娜的印刷电路板（PCB）生产商，成立于1998年，位列全球PCB制造商前五，是北美最大的PCB生产企业，同时也是美国军方最大的PCB供应商，服务航空航天、国防、医疗、工业、汽车、计算、网络等多个领域的客户。
MHO vs TTMI — 直观对比
营收规模更大
MHO
是对方的1.5倍
$774.3M
营收增速更快
TTMI
高出23.8%
-4.8%
净利率更高
TTMI
高出1.0%
5.6%
自由现金流更多
TTMI
多$6.5M
$-13.0M
两年增速更快
TTMI
近两年复合增速
4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $774.3M |
| 净利润 | $64.0M | $50.7M |
| 毛利率 | 17.4% | 21.4% |
| 营业利润率 | 6.5% | 10.4% |
| 净利率 | 5.6% | 6.5% |
| 营收同比 | -4.8% | 18.9% |
| 净利润同比 | -52.1% | 880.4% |
| 每股收益（稀释后） | $2.42 | $0.47 |
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MHOTTMI
| Q4 25 | $1.1B | $774.3M | ||
| Q3 25 | $1.1B | $752.7M | ||
| Q2 25 | $1.2B | $730.6M | ||
| Q1 25 | $976.1M | $648.7M | ||
| Q4 24 | $1.2B | $651.0M | ||
| Q3 24 | $1.1B | $616.5M | ||
| Q2 24 | $1.1B | $570.1M | ||
| Q1 24 | $1.0B | $569.0M |
净利润MHOTTMI
| Q4 25 | $64.0M | $50.7M | ||
| Q3 25 | $106.5M | $53.1M | ||
| Q2 25 | $121.2M | $41.5M | ||
| Q1 25 | $111.2M | $32.2M | ||
| Q4 24 | $133.5M | $5.2M | ||
| Q3 24 | $145.4M | $14.3M | ||
| Q2 24 | $146.7M | $10.5M | ||
| Q1 24 | $138.1M | $17.3M |
毛利率MHOTTMI
| Q4 25 | 17.4% | 21.4% | ||
| Q3 25 | 24.5% | 20.8% | ||
| Q2 25 | 24.7% | 20.3% | ||
| Q1 25 | 25.9% | 20.2% | ||
| Q4 24 | 24.6% | 19.4% | ||
| Q3 24 | 27.1% | 21.1% | ||
| Q2 24 | 27.9% | 18.2% | ||
| Q1 24 | 27.1% | 20.3% |
营业利润率MHOTTMI
| Q4 25 | 6.5% | 10.4% | ||
| Q3 25 | 12.0% | 9.6% | ||
| Q2 25 | 13.4% | 8.5% | ||
| Q1 25 | 14.4% | 7.7% | ||
| Q4 24 | 13.6% | 1.4% | ||
| Q3 24 | 15.9% | 8.3% | ||
| Q2 24 | 16.8% | 3.0% | ||
| Q1 24 | 16.6% | 6.1% |
净利率MHOTTMI
| Q4 25 | 5.6% | 6.5% | ||
| Q3 25 | 9.4% | 7.0% | ||
| Q2 25 | 10.4% | 5.7% | ||
| Q1 25 | 11.4% | 5.0% | ||
| Q4 24 | 11.1% | 0.8% | ||
| Q3 24 | 12.7% | 2.3% | ||
| Q2 24 | 13.2% | 1.8% | ||
| Q1 24 | 13.2% | 3.0% |
每股收益（稀释后）MHOTTMI
| Q4 25 | $2.42 | $0.47 | ||
| Q3 25 | $3.92 | $0.50 | ||
| Q2 25 | $4.42 | $0.40 | ||
| Q1 25 | $3.98 | $0.31 | ||
| Q4 24 | $4.71 | $0.05 | ||
| Q3 24 | $5.10 | $0.14 | ||
| Q2 24 | $5.12 | $0.10 | ||
| Q1 24 | $4.78 | $0.17 |
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 | — | $501.2M |
| 总债务越低越好 | — | $916.2M |
| 股东权益账面价值 | $3.2B | $1.8B |
| 总资产 | $4.8B | $3.8B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资MHOTTMI
| Q4 25 | — | $501.2M | ||
| Q3 25 | — | $491.1M | ||
| Q2 25 | — | $448.0M | ||
| Q1 25 | — | $411.3M | ||
| Q4 24 | — | $503.9M | ||
| Q3 24 | — | $469.5M | ||
| Q2 24 | — | $440.4M | ||
| Q1 24 | — | $450.2M |
总债务MHOTTMI
| Q4 25 | — | $916.2M | ||
| Q3 25 | — | $916.6M | ||
| Q2 25 | — | $917.1M | ||
| Q1 25 | — | $917.6M | ||
| Q4 24 | — | $914.4M | ||
| Q3 24 | — | $912.8M | ||
| Q2 24 | — | $913.9M | ||
| Q1 24 | — | $914.3M |
股东权益MHOTTMI
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.0B | $1.6B | ||
| Q4 24 | $2.9B | $1.6B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.6B | $1.5B |
总资产MHOTTMI
| Q4 25 | $4.8B | $3.8B | ||
| Q3 25 | $4.8B | $3.7B | ||
| Q2 25 | $4.7B | $3.6B | ||
| Q1 25 | $4.6B | $3.5B | ||
| Q4 24 | $4.5B | $3.5B | ||
| Q3 24 | $4.5B | $3.4B | ||
| Q2 24 | $4.3B | $3.3B | ||
| Q1 24 | $4.2B | $3.3B |
负债/权益比MHOTTMI
| Q4 25 | — | 0.52× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | 0.59× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.61× |
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 | $62.9M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $-6.5M |
| 自由现金流率自由现金流/营收 | -1.1% | -0.8% |
| 资本支出强度资本支出/营收 | 0.4% | 9.0% |
| 现金转化率经营现金流/净利润 | -0.14× | 1.24× |
| 过去12个月自由现金流最近4个季度 | $127.7M | $-683.0K |
8季度趋势，按日历期对齐
经营现金流MHOTTMI
| Q4 25 | $-8.7M | $62.9M | ||
| Q3 25 | $43.4M | $141.8M | ||
| Q2 25 | $37.8M | $97.8M | ||
| Q1 25 | $64.9M | $-10.7M | ||
| Q4 24 | $104.4M | — | ||
| Q3 24 | $-67.9M | $65.1M | ||
| Q2 24 | $27.5M | $43.9M | ||
| Q1 24 | $115.8M | $47.5M |
自由现金流MHOTTMI
| Q4 25 | $-13.0M | $-6.5M | ||
| Q3 25 | $42.0M | $42.4M | ||
| Q2 25 | $35.1M | $37.4M | ||
| Q1 25 | $63.5M | $-74.0M | ||
| Q4 24 | $102.3M | — | ||
| Q3 24 | $-68.5M | $24.2M | ||
| Q2 24 | $22.0M | $-5.4M | ||
| Q1 24 | $115.5M | $1.4M |
自由现金流率MHOTTMI
| Q4 25 | -1.1% | -0.8% | ||
| Q3 25 | 3.7% | 5.6% | ||
| Q2 25 | 3.0% | 5.1% | ||
| Q1 25 | 6.5% | -11.4% | ||
| Q4 24 | 8.5% | — | ||
| Q3 24 | -6.0% | 3.9% | ||
| Q2 24 | 2.0% | -1.0% | ||
| Q1 24 | 11.0% | 0.2% |
资本支出强度MHOTTMI
| Q4 25 | 0.4% | 9.0% | ||
| Q3 25 | 0.1% | 13.2% | ||
| Q2 25 | 0.2% | 8.3% | ||
| Q1 25 | 0.1% | 9.8% | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.1% | 6.6% | ||
| Q2 24 | 0.5% | 8.7% | ||
| Q1 24 | 0.0% | 8.1% |
现金转化率MHOTTMI
| Q4 25 | -0.14× | 1.24× | ||
| Q3 25 | 0.41× | 2.67× | ||
| Q2 25 | 0.31× | 2.36× | ||
| Q1 25 | 0.58× | -0.33× | ||
| Q4 24 | 0.78× | — | ||
| Q3 24 | -0.47× | 4.55× | ||
| Q2 24 | 0.19× | 4.19× | ||
| Q1 24 | 0.84× | 2.74× |
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% |
TTMI
| Aerospace And Defense | $317.2M | 41% |
| Data Center Computing | $221.6M | 29% |
| Medical Industrial Instrumentation | $105.0M | 14% |
| Automotive Components | $69.7M | 9% |
| Networking Communication | $50.1M | 6% |
| Radio Frequency And Specialty Components | $10.6M | 1% |
