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NVR, Inc.（NVR）与Rocket Companies, Inc.（RKT）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Rocket Companies, Inc.的1.0倍（$2.7B vs $2.7B），NVR, Inc.净利率更高（13.4% vs 2.5%，领先10.9%），Rocket Companies, Inc.同比增速更快（52.2% vs -4.7%），NVR, Inc.自由现金流更多（$436.0M vs $-1.3B），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs 7.8%）
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。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
NVR vs RKT — 直观对比
营收规模更大
NVR
是对方的1.0倍
$2.7B
营收增速更快
RKT
高出56.8%
-4.7%
净利率更高
NVR
高出10.9%
2.5%
自由现金流更多
NVR
多$1.7B
$-1.3B
两年增速更快
RKT
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.7B |
| 净利润 | $363.8M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.3% |
| 净利率 | 13.4% | 2.5% |
| 营收同比 | -4.7% | 52.2% |
| 净利润同比 | -20.5% | 100.8% |
| 每股收益（稀释后） | $120.85 | $0.10 |
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NVRRKT
| Q4 25 | $2.7B | $2.7B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | $2.4B | $1.0B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.7B | $646.9M | ||
| Q2 24 | $2.6B | $1.3B | ||
| Q1 24 | $2.3B | $1.4B |
净利润NVRRKT
| Q4 25 | $363.8M | $68.0M | ||
| Q3 25 | $342.7M | $-123.9M | ||
| Q2 25 | $333.7M | $-1.8M | ||
| Q1 25 | $299.6M | $-10.4M | ||
| Q4 24 | $457.4M | $33.9M | ||
| Q3 24 | $429.3M | $-22.0M | ||
| Q2 24 | $400.9M | $1.3M | ||
| Q1 24 | $394.3M | $16.2M |
毛利率NVRRKT
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | — | -8.4% | ||
| Q2 24 | — | 47.4% | ||
| Q1 24 | — | 51.2% |
营业利润率NVRRKT
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | -11.5% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | — | -76.9% | ||
| Q2 24 | — | 14.8% | ||
| Q1 24 | — | 21.6% |
净利率NVRRKT
| Q4 25 | 13.4% | 2.5% | ||
| Q3 25 | 13.1% | -7.7% | ||
| Q2 25 | 12.8% | -0.1% | ||
| Q1 25 | 12.5% | -1.0% | ||
| Q4 24 | 16.1% | 1.9% | ||
| Q3 24 | 15.7% | -3.4% | ||
| Q2 24 | 15.3% | 0.1% | ||
| Q1 24 | 16.9% | 1.2% |
每股收益（稀释后）NVRRKT
| Q4 25 | $120.85 | $0.10 | ||
| Q3 25 | $112.33 | $-0.06 | ||
| Q2 25 | $108.54 | $-0.01 | ||
| Q1 25 | $94.83 | $-0.08 | ||
| Q4 24 | $139.09 | $0.28 | ||
| Q3 24 | $130.50 | $-0.19 | ||
| Q2 24 | $120.69 | $0.01 | ||
| Q1 24 | $116.41 | $0.11 |
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 | — | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $22.9B |
| 总资产 | $5.9B | $60.7B |
| 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NVRRKT
| Q4 25 | — | $2.7B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.1B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $861.4M |
股东权益NVRRKT
| Q4 25 | $3.9B | $22.9B | ||
| Q3 25 | $4.0B | $8.9B | ||
| Q2 25 | $3.8B | $7.4B | ||
| Q1 25 | $4.0B | $8.6B | ||
| Q4 24 | $4.2B | $9.0B | ||
| Q3 24 | $4.3B | $8.4B | ||
| Q2 24 | $4.1B | $8.8B | ||
| Q1 24 | $4.3B | $8.6B |
总资产NVRRKT
| Q4 25 | $5.9B | $60.7B | ||
| Q3 25 | $6.0B | $33.6B | ||
| Q2 25 | $5.9B | $30.4B | ||
| Q1 25 | $6.2B | $25.3B | ||
| Q4 24 | $6.4B | $24.5B | ||
| Q3 24 | $6.5B | $25.1B | ||
| Q2 24 | $6.4B | $23.6B | ||
| Q1 24 | $6.5B | $22.2B |
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 | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | $436.0M | $-1.3B |
| 自由现金流率自由现金流/营收 | 16.1% | -47.2% |
| 资本支出强度资本支出/营收 | 0.1% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.21× | -18.08× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $-4.0B |
8季度趋势，按日历期对齐
经营现金流NVRRKT
| Q4 25 | $439.7M | $-1.2B | ||
| Q3 25 | $438.7M | $-50.3M | ||
| Q2 25 | $35.1M | $-1.9B | ||
| Q1 25 | $207.8M | $-797.0M | ||
| Q4 24 | $637.0M | $1.8B | ||
| Q3 24 | $358.3M | $-1.3B | ||
| Q2 24 | $232.7M | $-122.3M | ||
| Q1 24 | $146.5M | $-3.0B |
自由现金流NVRRKT
| Q4 25 | $436.0M | $-1.3B | ||
| Q3 25 | $433.3M | $-71.8M | ||
| Q2 25 | $26.8M | $-1.9B | ||
| Q1 25 | $200.7M | $-811.0M | ||
| Q4 24 | $631.5M | $1.8B | ||
| Q3 24 | $350.1M | $-1.4B | ||
| Q2 24 | $226.3M | $-138.3M | ||
| Q1 24 | $137.5M | $-3.0B |
自由现金流率NVRRKT
| Q4 25 | 16.1% | -47.2% | ||
| Q3 25 | 16.6% | -4.5% | ||
| Q2 25 | 1.0% | -137.2% | ||
| Q1 25 | 8.4% | -78.2% | ||
| Q4 24 | 22.2% | 103.1% | ||
| Q3 24 | 12.8% | -209.6% | ||
| Q2 24 | 8.7% | -10.6% | ||
| Q1 24 | 5.9% | -218.7% |
资本支出强度NVRRKT
| Q4 25 | 0.1% | 1.5% | ||
| Q3 25 | 0.2% | 1.3% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.3% | 1.4% | ||
| Q4 24 | 0.2% | 1.1% | ||
| Q3 24 | 0.3% | 2.9% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.4% | 1.0% |
现金转化率NVRRKT
| Q4 25 | 1.21× | -18.08× | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 1.39× | 54.42× | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.58× | -94.46× | ||
| Q1 24 | 0.37× | -185.80× |
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% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
