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M/I HOMES, INC.（MHO）与UFP INDUSTRIES INC（UFPI）财务数据对比。点击上方公司名可切换其他公司
UFP INDUSTRIES INC的季度营收约是M/I HOMES, INC.的1.2倍（$1.3B vs $1.1B），M/I HOMES, INC.净利率更高（5.6% vs 3.0%，领先2.6%），M/I HOMES, INC.同比增速更快（-4.8% vs -9.0%），UFP INDUSTRIES INC自由现金流更多（$82.7M vs $-13.0M），过去两年M/I HOMES, INC.的营收复合增速更高（4.7% vs -9.9%）
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。
UFP工业是一家控股企业，业务覆盖零售、工业、建筑三大市场，总部位于美国密歇根州大急流城，1993年公开上市，旗下共有218家关联运营主体，面向零售、建筑、包装三大领域供应数万种产品。
MHO vs UFPI — 直观对比
营收规模更大
UFPI
是对方的1.2倍
$1.1B
营收增速更快
MHO
高出4.2%
-9.0%
净利率更高
MHO
高出2.6%
3.0%
自由现金流更多
UFPI
多$95.7M
$-13.0M
两年增速更快
MHO
近两年复合增速
-9.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.1B | $1.3B |
| 净利润 | $64.0M | $40.0M |
| 毛利率 | 17.4% | 16.3% |
| 营业利润率 | 6.5% | 4.4% |
| 净利率 | 5.6% | 3.0% |
| 营收同比 | -4.8% | -9.0% |
| 净利润同比 | -52.1% | -41.3% |
| 每股收益（稀释后） | $2.42 | $0.71 |
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MHOUFPI
| Q4 25 | $1.1B | $1.3B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $976.1M | $1.6B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.1B | $1.9B | ||
| Q1 24 | $1.0B | $1.6B |
净利润MHOUFPI
| Q4 25 | $64.0M | $40.0M | ||
| Q3 25 | $106.5M | $75.3M | ||
| Q2 25 | $121.2M | $100.7M | ||
| Q1 25 | $111.2M | $78.8M | ||
| Q4 24 | $133.5M | $68.0M | ||
| Q3 24 | $145.4M | $99.8M | ||
| Q2 24 | $146.7M | $125.9M | ||
| Q1 24 | $138.1M | $120.8M |
毛利率MHOUFPI
| Q4 25 | 17.4% | 16.3% | ||
| Q3 25 | 24.5% | 16.8% | ||
| Q2 25 | 24.7% | 17.0% | ||
| Q1 25 | 25.9% | 16.8% | ||
| Q4 24 | 24.6% | 16.4% | ||
| Q3 24 | 27.1% | 18.1% | ||
| Q2 24 | 27.9% | 19.1% | ||
| Q1 24 | 27.1% | 19.9% |
营业利润率MHOUFPI
| Q4 25 | 6.5% | 4.4% | ||
| Q3 25 | 12.0% | 5.7% | ||
| Q2 25 | 13.4% | 6.7% | ||
| Q1 25 | 14.4% | 5.8% | ||
| Q4 24 | 13.6% | 5.4% | ||
| Q3 24 | 15.9% | 7.3% | ||
| Q2 24 | 16.8% | 8.4% | ||
| Q1 24 | 16.6% | 8.2% |
净利率MHOUFPI
| Q4 25 | 5.6% | 3.0% | ||
| Q3 25 | 9.4% | 4.8% | ||
| Q2 25 | 10.4% | 5.5% | ||
| Q1 25 | 11.4% | 4.9% | ||
| Q4 24 | 11.1% | 4.7% | ||
| Q3 24 | 12.7% | 6.1% | ||
| Q2 24 | 13.2% | 6.6% | ||
| Q1 24 | 13.2% | 7.4% |
每股收益（稀释后）MHOUFPI
| Q4 25 | $2.42 | $0.71 | ||
| Q3 25 | $3.92 | $1.29 | ||
| Q2 25 | $4.42 | $1.70 | ||
| Q1 25 | $3.98 | $1.30 | ||
| Q4 24 | $4.71 | $1.12 | ||
| Q3 24 | $5.10 | $1.64 | ||
| Q2 24 | $5.12 | $2.05 | ||
| Q1 24 | $4.78 | $1.96 |
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 | — | $948.6M |
| 总债务越低越好 | — | $229.8M |
| 股东权益账面价值 | $3.2B | $3.1B |
| 总资产 | $4.8B | $4.0B |
| 负债/权益比越低杠杆越低 | — | 0.08× |
8季度趋势，按日历期对齐
现金及短期投资MHOUFPI
| Q4 25 | — | $948.6M | ||
| Q3 25 | — | $1.0B | ||
| Q2 25 | — | $874.0M | ||
| Q1 25 | — | $934.3M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.0B |
总债务MHOUFPI
| Q4 25 | — | $229.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $234.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MHOUFPI
| Q4 25 | $3.2B | $3.1B | ||
| Q3 25 | $3.1B | $3.2B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $3.0B | $3.2B | ||
| Q4 24 | $2.9B | $3.2B | ||
| Q3 24 | $2.8B | $3.2B | ||
| Q2 24 | $2.7B | $3.1B | ||
| Q1 24 | $2.6B | $3.1B |
总资产MHOUFPI
| Q4 25 | $4.8B | $4.0B | ||
| Q3 25 | $4.8B | $4.1B | ||
| Q2 25 | $4.7B | $4.1B | ||
| Q1 25 | $4.6B | $4.2B | ||
| Q4 24 | $4.5B | $4.2B | ||
| Q3 24 | $4.5B | $4.2B | ||
| Q2 24 | $4.3B | $4.1B | ||
| Q1 24 | $4.2B | $4.1B |
负债/权益比MHOUFPI
| Q4 25 | — | 0.08× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.07× | ||
| 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 | $146.6M |
| 自由现金流经营现金流 - 资本支出 | $-13.0M | $82.7M |
| 自由现金流率自由现金流/营收 | -1.1% | 6.2% |
| 资本支出强度资本支出/营收 | 0.4% | 4.8% |
| 现金转化率经营现金流/净利润 | -0.14× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $127.7M | $276.4M |
8季度趋势，按日历期对齐
经营现金流MHOUFPI
| Q4 25 | $-8.7M | $146.6M | ||
| Q3 25 | $43.4M | $286.0M | ||
| Q2 25 | $37.8M | $221.9M | ||
| Q1 25 | $64.9M | $-108.8M | ||
| Q4 24 | $104.4M | $144.9M | ||
| Q3 24 | $-67.9M | $258.6M | ||
| Q2 24 | $27.5M | $255.9M | ||
| Q1 24 | $115.8M | $-16.8M |
自由现金流MHOUFPI
| Q4 25 | $-13.0M | $82.7M | ||
| Q3 25 | $42.0M | $210.2M | ||
| Q2 25 | $35.1M | $159.5M | ||
| Q1 25 | $63.5M | $-176.1M | ||
| Q4 24 | $102.3M | $78.1M | ||
| Q3 24 | $-68.5M | $199.7M | ||
| Q2 24 | $22.0M | $198.4M | ||
| Q1 24 | $115.5M | $-65.9M |
自由现金流率MHOUFPI
| Q4 25 | -1.1% | 6.2% | ||
| Q3 25 | 3.7% | 13.5% | ||
| Q2 25 | 3.0% | 8.7% | ||
| Q1 25 | 6.5% | -11.0% | ||
| Q4 24 | 8.5% | 5.3% | ||
| Q3 24 | -6.0% | 12.1% | ||
| Q2 24 | 2.0% | 10.4% | ||
| Q1 24 | 11.0% | -4.0% |
资本支出强度MHOUFPI
| Q4 25 | 0.4% | 4.8% | ||
| Q3 25 | 0.1% | 4.9% | ||
| Q2 25 | 0.2% | 3.4% | ||
| Q1 25 | 0.1% | 4.2% | ||
| Q4 24 | 0.2% | 4.6% | ||
| Q3 24 | 0.1% | 3.6% | ||
| Q2 24 | 0.5% | 3.0% | ||
| Q1 24 | 0.0% | 3.0% |
现金转化率MHOUFPI
| Q4 25 | -0.14× | 3.67× | ||
| Q3 25 | 0.41× | 3.80× | ||
| Q2 25 | 0.31× | 2.20× | ||
| Q1 25 | 0.58× | -1.38× | ||
| Q4 24 | 0.78× | 2.13× | ||
| Q3 24 | -0.47× | 2.59× | ||
| Q2 24 | 0.19× | 2.03× | ||
| Q1 24 | 0.84× | -0.14× |
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% |
UFPI
| Retail Segment | $444.0M | 33% |
| Structural Packaging | $230.2M | 17% |
| Factory Built | $189.7M | 14% |
| Site Built | $152.7M | 11% |
| Palletone Inc | $119.2M | 9% |
| Deckorators | $55.2M | 4% |
| Commercial | $53.2M | 4% |
| Concrete Forming | $44.2M | 3% |
| Transferred Over Time | $29.6M | 2% |
| Protective Packaging | $20.7M | 2% |
