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NVR, Inc.（NVR）与欧文斯科宁（OC）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是欧文斯科宁的1.3倍（$2.7B vs $2.1B），NVR, Inc.净利率更高（13.4% vs -13.9%，领先27.3%），NVR, Inc.同比增速更快（-4.7% vs -24.6%），NVR, Inc.自由现金流更多（$436.0M vs $333.0M），过去两年NVR, Inc.的营收复合增速更高（7.8% vs -3.5%）
NVR, Inc.是总部位于美国弗吉尼亚州雷斯顿的知名住宅建造企业，同时运营抵押贷款银行及产权服务相关业务。公司业务主要布局美国东海岸，覆盖14个州及华盛顿特区，2021年有22%的营收来自华盛顿大都会区。
欧文斯科宁是美国知名建材及复合材料企业，1935年由康宁玻璃厂与欧文斯-伊利诺伊公司合资组建。主营保温材料、屋面材料、玻璃纤维复合材料及相关产品，是全球最大的玻璃纤维复合材料生产商，全球员工约1.9万人，自1955年《财富》500强榜单创立以来连年上榜。
NVR vs OC — 直观对比
营收规模更大
NVR
是对方的1.3倍
$2.1B
营收增速更快
NVR
高出19.9%
-24.6%
净利率更高
NVR
高出27.3%
-13.9%
自由现金流更多
NVR
多$103.0M
$333.0M
两年增速更快
NVR
近两年复合增速
-3.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.1B |
| 净利润 | $363.8M | $-298.0M |
| 毛利率 | — | 23.2% |
| 营业利润率 | — | -10.5% |
| 净利率 | 13.4% | -13.9% |
| 营收同比 | -4.7% | -24.6% |
| 净利润同比 | -20.5% | -15.5% |
| 每股收益（稀释后） | $120.85 | $-3.47 |
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NVROC
| Q4 25 | $2.7B | $2.1B | ||
| Q3 25 | $2.6B | $2.7B | ||
| Q2 25 | $2.6B | $2.7B | ||
| Q1 25 | $2.4B | $2.5B | ||
| Q4 24 | $2.8B | $2.8B | ||
| Q3 24 | $2.7B | $3.0B | ||
| Q2 24 | $2.6B | $2.8B | ||
| Q1 24 | $2.3B | $2.3B |
净利润NVROC
| Q4 25 | $363.8M | $-298.0M | ||
| Q3 25 | $342.7M | $-494.0M | ||
| Q2 25 | $333.7M | $363.0M | ||
| Q1 25 | $299.6M | $-93.0M | ||
| Q4 24 | $457.4M | $-258.0M | ||
| Q3 24 | $429.3M | $321.0M | ||
| Q2 24 | $400.9M | $285.0M | ||
| Q1 24 | $394.3M | $299.0M |
毛利率NVROC
| Q4 25 | — | 23.2% | ||
| Q3 25 | — | 28.2% | ||
| Q2 25 | — | 31.2% | ||
| Q1 25 | — | 28.7% | ||
| Q4 24 | — | 28.1% | ||
| Q3 24 | — | 29.8% | ||
| Q2 24 | — | 31.1% | ||
| Q1 24 | — | 29.6% |
营业利润率NVROC
| Q4 25 | — | -10.5% | ||
| Q3 25 | — | -12.2% | ||
| Q2 25 | — | 18.4% | ||
| Q1 25 | — | 16.1% | ||
| Q4 24 | — | -8.5% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 16.4% | ||
| Q1 24 | — | 17.5% |
净利率NVROC
| Q4 25 | 13.4% | -13.9% | ||
| Q3 25 | 13.1% | -18.4% | ||
| Q2 25 | 12.8% | 13.2% | ||
| Q1 25 | 12.5% | -3.7% | ||
| Q4 24 | 16.1% | -9.1% | ||
| Q3 24 | 15.7% | 10.5% | ||
| Q2 24 | 15.3% | 10.2% | ||
| Q1 24 | 16.9% | 13.0% |
每股收益（稀释后）NVROC
| Q4 25 | $120.85 | $-3.47 | ||
| Q3 25 | $112.33 | $-5.92 | ||
| Q2 25 | $108.54 | $4.25 | ||
| Q1 25 | $94.83 | $-1.08 | ||
| Q4 24 | $139.09 | $-2.92 | ||
| Q3 24 | $130.50 | $3.65 | ||
| Q2 24 | $120.69 | $3.24 | ||
| Q1 24 | $116.41 | $3.40 |
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 | — | $345.0M |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $3.9B | $3.9B |
| 总资产 | $5.9B | $13.0B |
| 负债/权益比越低杠杆越低 | — | 1.22× |
8季度趋势，按日历期对齐
现金及短期投资NVROC
| Q4 25 | — | $345.0M | ||
| Q3 25 | — | $286.0M | ||
| Q2 25 | — | $230.0M | ||
| Q1 25 | — | $400.0M | ||
| Q4 24 | — | $361.0M | ||
| Q3 24 | — | $499.0M | ||
| Q2 24 | — | $254.0M | ||
| Q1 24 | — | $1.3B |
总债务NVROC
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | $4.7B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | — | $5.0B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $2.6B |
股东权益NVROC
| Q4 25 | $3.9B | $3.9B | ||
| Q3 25 | $4.0B | $4.4B | ||
| Q2 25 | $3.8B | $5.2B | ||
| Q1 25 | $4.0B | $4.9B | ||
| Q4 24 | $4.2B | $5.1B | ||
| Q3 24 | $4.3B | $5.6B | ||
| Q2 24 | $4.1B | $5.5B | ||
| Q1 24 | $4.3B | $5.2B |
总资产NVROC
| Q4 25 | $5.9B | $13.0B | ||
| Q3 25 | $6.0B | $13.5B | ||
| Q2 25 | $5.9B | $14.5B | ||
| Q1 25 | $6.2B | $14.3B | ||
| Q4 24 | $6.4B | $14.1B | ||
| Q3 24 | $6.5B | $15.1B | ||
| Q2 24 | $6.4B | $15.0B | ||
| Q1 24 | $6.5B | $11.3B |
负债/权益比NVROC
| Q4 25 | — | 1.22× | ||
| Q3 25 | — | 1.06× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 1.01× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.92× | ||
| Q1 24 | — | 0.51× |
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 | $439.7M | $590.0M |
| 自由现金流经营现金流 - 资本支出 | $436.0M | $333.0M |
| 自由现金流率自由现金流/营收 | 16.1% | 15.5% |
| 资本支出强度资本支出/营收 | 0.1% | 12.0% |
| 现金转化率经营现金流/净利润 | 1.21× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | $962.0M |
8季度趋势，按日历期对齐
经营现金流NVROC
| Q4 25 | $439.7M | $590.0M | ||
| Q3 25 | $438.7M | $918.0M | ||
| Q2 25 | $35.1M | $327.0M | ||
| Q1 25 | $207.8M | $-49.0M | ||
| Q4 24 | $637.0M | $676.0M | ||
| Q3 24 | $358.3M | $699.0M | ||
| Q2 24 | $232.7M | $493.0M | ||
| Q1 24 | $146.5M | $24.0M |
自由现金流NVROC
| Q4 25 | $436.0M | $333.0M | ||
| Q3 25 | $433.3M | $752.0M | ||
| Q2 25 | $26.8M | $129.0M | ||
| Q1 25 | $200.7M | $-252.0M | ||
| Q4 24 | $631.5M | $479.0M | ||
| Q3 24 | $350.1M | $558.0M | ||
| Q2 24 | $226.3M | $336.0M | ||
| Q1 24 | $137.5M | $-128.0M |
自由现金流率NVROC
| Q4 25 | 16.1% | 15.5% | ||
| Q3 25 | 16.6% | 28.0% | ||
| Q2 25 | 1.0% | 4.7% | ||
| Q1 25 | 8.4% | -10.0% | ||
| Q4 24 | 22.2% | 16.9% | ||
| Q3 24 | 12.8% | 18.3% | ||
| Q2 24 | 8.7% | 12.0% | ||
| Q1 24 | 5.9% | -5.6% |
资本支出强度NVROC
| Q4 25 | 0.1% | 12.0% | ||
| Q3 25 | 0.2% | 6.2% | ||
| Q2 25 | 0.3% | 7.2% | ||
| Q1 25 | 0.3% | 8.0% | ||
| Q4 24 | 0.2% | 6.9% | ||
| Q3 24 | 0.3% | 4.6% | ||
| Q2 24 | 0.2% | 5.6% | ||
| Q1 24 | 0.4% | 6.6% |
现金转化率NVROC
| Q4 25 | 1.21× | — | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 0.11× | 0.90× | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 0.83× | 2.18× | ||
| Q2 24 | 0.58× | 1.73× | ||
| Q1 24 | 0.37× | 0.08× |
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
NVR
| Home Building Segment | $2.6B | 97% |
| Mortgage Banking Segment | $77.4M | 3% |
OC
| Insulation | $724.0M | 34% |
| Residential | $625.0M | 29% |
| Doors | $427.0M | 20% |
| Discontinued Operations Disposed Of By Sale | $299.0M | 14% |
| Commercial And Industrial Sector | $101.0M | 5% |
