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NVR, Inc.（NVR）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
NVR, Inc.的季度营收约是拉夫劳伦的1.1倍（$2.7B vs $2.4B），拉夫劳伦净利率更高（15.0% vs 13.4%，领先1.6%），拉夫劳伦同比增速更快（12.2% vs -4.7%），拉夫劳伦自由现金流更多（$704.0M vs $436.0M），过去两年拉夫劳伦的营收复合增速更高（23.9% 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。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
NVR vs RL — 直观对比
营收规模更大
NVR
是对方的1.1倍
$2.4B
营收增速更快
RL
高出16.9%
-4.7%
净利率更高
RL
高出1.6%
13.4%
自由现金流更多
RL
多$268.0M
$436.0M
两年增速更快
RL
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.4B |
| 净利润 | $363.8M | $361.6M |
| 毛利率 | — | 69.9% |
| 营业利润率 | — | 19.6% |
| 净利率 | 13.4% | 15.0% |
| 营收同比 | -4.7% | 12.2% |
| 净利润同比 | -20.5% | 21.6% |
| 每股收益（稀释后） | $120.85 | $5.82 |
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NVRRL
| Q4 25 | $2.7B | $2.4B | ||
| Q3 25 | $2.6B | $2.0B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.8B | $2.1B | ||
| Q3 24 | $2.7B | $1.7B | ||
| Q2 24 | $2.6B | $1.5B | ||
| Q1 24 | $2.3B | $1.6B |
净利润NVRRL
| Q4 25 | $363.8M | $361.6M | ||
| Q3 25 | $342.7M | $207.5M | ||
| Q2 25 | $333.7M | $220.4M | ||
| Q1 25 | $299.6M | $129.0M | ||
| Q4 24 | $457.4M | $297.4M | ||
| Q3 24 | $429.3M | $147.9M | ||
| Q2 24 | $400.9M | $168.6M | ||
| Q1 24 | $394.3M | $90.7M |
毛利率NVRRL
| Q4 25 | — | 69.9% | ||
| Q3 25 | — | 68.0% | ||
| Q2 25 | — | 72.3% | ||
| Q1 25 | — | 68.7% | ||
| Q4 24 | — | 68.4% | ||
| Q3 24 | — | 67.0% | ||
| Q2 24 | — | 70.5% | ||
| Q1 24 | — | 66.6% |
营业利润率NVRRL
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 12.2% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 10.4% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 6.9% |
净利率NVRRL
| Q4 25 | 13.4% | 15.0% | ||
| Q3 25 | 13.1% | 10.3% | ||
| Q2 25 | 12.8% | 12.8% | ||
| Q1 25 | 12.5% | 7.6% | ||
| Q4 24 | 16.1% | 13.9% | ||
| Q3 24 | 15.7% | 8.6% | ||
| Q2 24 | 15.3% | 11.1% | ||
| Q1 24 | 16.9% | 5.8% |
每股收益（稀释后）NVRRL
| Q4 25 | $120.85 | $5.82 | ||
| Q3 25 | $112.33 | $3.32 | ||
| Q2 25 | $108.54 | $3.52 | ||
| Q1 25 | $94.83 | $2.03 | ||
| Q4 24 | $139.09 | $4.66 | ||
| Q3 24 | $130.50 | $2.31 | ||
| Q2 24 | $120.69 | $2.61 | ||
| Q1 24 | $116.41 | $1.37 |
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 | — | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $2.9B |
| 总资产 | $5.9B | $7.8B |
| 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NVRRL
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $1.8B |
股东权益NVRRL
| Q4 25 | $3.9B | $2.9B | ||
| Q3 25 | $4.0B | $2.6B | ||
| Q2 25 | $3.8B | $2.5B | ||
| Q1 25 | $4.0B | $2.6B | ||
| Q4 24 | $4.2B | $2.5B | ||
| Q3 24 | $4.3B | $2.4B | ||
| Q2 24 | $4.1B | $2.4B | ||
| Q1 24 | $4.3B | $2.5B |
总资产NVRRL
| Q4 25 | $5.9B | $7.8B | ||
| Q3 25 | $6.0B | $7.3B | ||
| Q2 25 | $5.9B | $7.8B | ||
| Q1 25 | $6.2B | $7.0B | ||
| Q4 24 | $6.4B | $7.1B | ||
| Q3 24 | $6.5B | $6.8B | ||
| Q2 24 | $6.4B | $6.6B | ||
| Q1 24 | $6.5B | $6.6B |
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 | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $436.0M | $704.0M |
| 自由现金流率自由现金流/营收 | 16.1% | 29.3% |
| 资本支出强度资本支出/营收 | 0.1% | 3.1% |
| 现金转化率经营现金流/净利润 | 1.21× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $694.5M |
8季度趋势，按日历期对齐
经营现金流NVRRL
| Q4 25 | $439.7M | $779.6M | ||
| Q3 25 | $438.7M | $53.2M | ||
| Q2 25 | $35.1M | $176.1M | ||
| Q1 25 | $207.8M | $122.2M | ||
| Q4 24 | $637.0M | $738.4M | ||
| Q3 24 | $358.3M | $97.2M | ||
| Q2 24 | $232.7M | $277.3M | ||
| Q1 24 | $146.5M | — |
自由现金流NVRRL
| Q4 25 | $436.0M | $704.0M | ||
| Q3 25 | $433.3M | $-40.6M | ||
| Q2 25 | $26.8M | $-11.2M | ||
| Q1 25 | $200.7M | $42.3M | ||
| Q4 24 | $631.5M | $677.2M | ||
| Q3 24 | $350.1M | $55.5M | ||
| Q2 24 | $226.3M | $243.9M | ||
| Q1 24 | $137.5M | — |
自由现金流率NVRRL
| Q4 25 | 16.1% | 29.3% | ||
| Q3 25 | 16.6% | -2.0% | ||
| Q2 25 | 1.0% | -0.7% | ||
| Q1 25 | 8.4% | 2.5% | ||
| Q4 24 | 22.2% | 31.6% | ||
| Q3 24 | 12.8% | 3.2% | ||
| Q2 24 | 8.7% | 16.1% | ||
| Q1 24 | 5.9% | — |
资本支出强度NVRRL
| Q4 25 | 0.1% | 3.1% | ||
| Q3 25 | 0.2% | 4.7% | ||
| Q2 25 | 0.3% | 10.9% | ||
| Q1 25 | 0.3% | 4.7% | ||
| Q4 24 | 0.2% | 2.9% | ||
| Q3 24 | 0.3% | 2.4% | ||
| Q2 24 | 0.2% | 2.2% | ||
| Q1 24 | 0.4% | — |
现金转化率NVRRL
| Q4 25 | 1.21× | 2.16× | ||
| Q3 25 | 1.28× | 0.26× | ||
| Q2 25 | 0.11× | 0.80× | ||
| Q1 25 | 0.69× | 0.95× | ||
| Q4 24 | 1.39× | 2.48× | ||
| Q3 24 | 0.83× | 0.66× | ||
| Q2 24 | 0.58× | 1.64× | ||
| Q1 24 | 0.37× | — |
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% |
RL
暂无分部数据
