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Meritage Homes CORP（MTH）与NICE Ltd.（NICE）财务数据对比。点击上方公司名可切换其他公司
Meritage Homes CORP的季度营收约是NICE Ltd.的1.1倍（$1.4B vs $1.3B），Meritage Homes CORP净利率更高（17.7% vs 16.8%，领先0.9%），NICE Ltd.自由现金流更多（$407.2M vs $-225.4M）
Meritage Homes Corporation是美国上市房地产开发企业，主营全美范围内各类独栋住宅建造业务，按2023年房屋销量计算为美国第五大住宅建筑商，同时在亚利桑那州开发活跃长者社区及高端地产项目。
NICE Ltd.是一家美国科技企业，专注于客户关系管理软件、人工智能技术、数字化交互与劳动力参与管理解决方案的研发，旗下产品可帮助各行业企业优化运营效率，提升客户服务体验。
MTH vs NICE — 直观对比
营收规模更大
MTH
是对方的1.1倍
$1.3B
净利率更高
MTH
高出0.9%
16.8%
自由现金流更多
NICE
多$632.6M
$-225.4M
损益表 — Q2 FY2022 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $250.1M | $222.2M |
| 毛利率 | 31.5% | 66.2% |
| 营业利润率 | 23.5% | 18.9% |
| 净利率 | 17.7% | 16.8% |
| 营收同比 | 10.5% | — |
| 净利润同比 | 49.4% | — |
| 每股收益（稀释后） | $6.77 | — |
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MTHNICE
| Q2 25 | — | $1.3B | ||
| Q2 24 | — | $1.2B | ||
| Q2 22 | $1.4B | — |
净利润MTHNICE
| Q2 25 | — | $222.2M | ||
| Q2 24 | — | $164.3M | ||
| Q2 22 | $250.1M | — |
毛利率MTHNICE
| Q2 25 | — | 66.2% | ||
| Q2 24 | — | 67.4% | ||
| Q2 22 | 31.5% | — |
营业利润率MTHNICE
| Q2 25 | — | 18.9% | ||
| Q2 24 | — | 17.3% | ||
| Q2 22 | 23.5% | — |
净利率MTHNICE
| Q2 25 | — | 16.8% | ||
| Q2 24 | — | 14.2% | ||
| Q2 22 | 17.7% | — |
每股收益（稀释后）MTHNICE
| Q2 25 | — | — | ||
| Q2 24 | — | — | ||
| Q2 22 | $6.77 | — |
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 | $272.1M | $481.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.4B | $3.6B |
| 总资产 | $5.3B | $5.3B |
| 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MTHNICE
| Q2 25 | — | $481.7M | ||
| Q2 24 | — | $511.8M | ||
| Q2 22 | $272.1M | — |
股东权益MTHNICE
| Q2 25 | — | $3.6B | ||
| Q2 24 | — | $3.4B | ||
| Q2 22 | $3.4B | — |
总资产MTHNICE
| Q2 25 | — | $5.3B | ||
| Q2 24 | — | $5.1B | ||
| Q2 22 | $5.3B | — |
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 | $-219.0M | $424.2M |
| 自由现金流经营现金流 - 资本支出 | $-225.4M | $407.2M |
| 自由现金流率自由现金流/营收 | -16.0% | 30.8% |
| 资本支出强度资本支出/营收 | 0.5% | 1.3% |
| 现金转化率经营现金流/净利润 | -0.88× | 1.91× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MTHNICE
| Q2 25 | — | $424.2M | ||
| Q2 24 | — | $260.3M | ||
| Q2 22 | $-219.0M | — |
自由现金流MTHNICE
| Q2 25 | — | $407.2M | ||
| Q2 24 | — | $242.7M | ||
| Q2 22 | $-225.4M | — |
自由现金流率MTHNICE
| Q2 25 | — | 30.8% | ||
| Q2 24 | — | 21.1% | ||
| Q2 22 | -16.0% | — |
资本支出强度MTHNICE
| Q2 25 | — | 1.3% | ||
| Q2 24 | — | 1.5% | ||
| Q2 22 | 0.5% | — |
现金转化率MTHNICE
| Q2 25 | — | 1.91× | ||
| Q2 24 | — | 1.58× | ||
| Q2 22 | -0.88× | — |
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
MTH
| Home Building | $1.4B | 100% |
| Equity Method Investment Nonconsolidated Investee Or Group Of Investees | $9.8M | 1% |
| Financial Service | $5.1M | 0% |
| Land Closing | $3.4M | 0% |
NICE
| Cloud | $950.1M | 72% |
| Services | $296.5M | 22% |
| Product | $77.1M | 6% |
