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NVR, Inc.（NVR）与SIRIUS XM HOLDINGS INC.（SIRI）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SIRIUS XM HOLDINGS INC.的1.2倍（$2.7B vs $2.2B），NVR, Inc.净利率更高（13.4% vs 4.5%，领先8.9%），SIRIUS XM HOLDINGS INC.同比增速更快（0.2% vs -4.7%），SIRIUS XM HOLDINGS INC.自由现金流更多（$536.0M vs $436.0M），过去两年NVR, Inc.的营收复合增速更高（7.8% vs 0.7%）
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。
天狼星XM控股旗下的XM卫星广播是美国及加拿大三大卫星与在线广播服务商之一，采用类似付费有线电视的订阅制模式运营。平台拥有73个音乐频道、39个新闻、体育、访谈及娱乐频道，另设21个区域交通气象频道与23个体育赛事直播频道，服务覆盖北美大量付费用户。
NVR vs SIRI — 直观对比
营收规模更大
NVR
是对方的1.2倍
$2.2B
营收增速更快
SIRI
高出4.9%
-4.7%
净利率更高
NVR
高出8.9%
4.5%
自由现金流更多
SIRI
多$100.0M
$436.0M
两年增速更快
NVR
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.2B |
| 净利润 | $363.8M | $99.0M |
| 毛利率 | — | 53.1% |
| 营业利润率 | — | 10.3% |
| 净利率 | 13.4% | 4.5% |
| 营收同比 | -4.7% | 0.2% |
| 净利润同比 | -20.5% | -55.4% |
| 每股收益（稀释后） | $120.85 | $0.23 |
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NVRSIRI
| Q4 25 | $2.7B | $2.2B | ||
| Q3 25 | $2.6B | $2.2B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.4B | $2.1B | ||
| Q4 24 | $2.8B | $2.2B | ||
| Q3 24 | $2.7B | $2.2B | ||
| Q2 24 | $2.6B | $2.2B | ||
| Q1 24 | $2.3B | $2.2B |
净利润NVRSIRI
| Q4 25 | $363.8M | $99.0M | ||
| Q3 25 | $342.7M | $297.0M | ||
| Q2 25 | $333.7M | $205.0M | ||
| Q1 25 | $299.6M | $204.0M | ||
| Q4 24 | $457.4M | $222.0M | ||
| Q3 24 | $429.3M | $-2.5B | ||
| Q2 24 | $400.9M | $304.0M | ||
| Q1 24 | $394.3M | $265.0M |
毛利率NVRSIRI
| Q4 25 | — | 53.1% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 52.4% | ||
| Q1 25 | — | 52.0% | ||
| Q4 24 | — | 52.9% | ||
| Q3 24 | — | 53.2% | ||
| Q2 24 | — | 53.5% | ||
| Q1 24 | — | 52.5% |
营业利润率NVRSIRI
| Q4 25 | — | 10.3% | ||
| Q3 25 | — | 22.8% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 18.7% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | — | -133.6% | ||
| Q2 24 | — | 23.2% | ||
| Q1 24 | — | 20.2% |
净利率NVRSIRI
| Q4 25 | 13.4% | 4.5% | ||
| Q3 25 | 13.1% | 13.8% | ||
| Q2 25 | 12.8% | 9.6% | ||
| Q1 25 | 12.5% | 9.9% | ||
| Q4 24 | 16.1% | 10.1% | ||
| Q3 24 | 15.7% | -113.1% | ||
| Q2 24 | 15.3% | 14.0% | ||
| Q1 24 | 16.9% | 12.3% |
每股收益（稀释后）NVRSIRI
| Q4 25 | $120.85 | $0.23 | ||
| Q3 25 | $112.33 | $0.84 | ||
| Q2 25 | $108.54 | $0.57 | ||
| Q1 25 | $94.83 | $0.59 | ||
| Q4 24 | $139.09 | $2.45 | ||
| Q3 24 | $130.50 | $-8.74 | ||
| Q2 24 | $120.69 | $0.08 | ||
| Q1 24 | $116.41 | $0.07 |
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 | — | $94.0M |
| 总债务越低越好 | — | $8.6B |
| 股东权益账面价值 | $3.9B | $11.6B |
| 总资产 | $5.9B | $27.2B |
| 负债/权益比越低杠杆越低 | — | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资NVRSIRI
| Q4 25 | — | $94.0M | ||
| Q3 25 | — | $79.0M | ||
| Q2 25 | — | $92.0M | ||
| Q1 25 | — | $127.0M | ||
| Q4 24 | — | $162.0M | ||
| Q3 24 | — | $127.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $71.0M |
总债务NVRSIRI
| Q4 25 | — | $8.6B | ||
| Q3 25 | — | $9.0B | ||
| Q2 25 | — | $10.1B | ||
| Q1 25 | — | $10.4B | ||
| Q4 24 | — | $10.3B | ||
| Q3 24 | — | $10.1B | ||
| Q2 24 | — | $9.0B | ||
| Q1 24 | — | $8.7B |
股东权益NVRSIRI
| Q4 25 | $3.9B | $11.6B | ||
| Q3 25 | $4.0B | $11.6B | ||
| Q2 25 | $3.8B | $11.3B | ||
| Q1 25 | $4.0B | $11.2B | ||
| Q4 24 | $4.2B | $11.1B | ||
| Q3 24 | $4.3B | $10.9B | ||
| Q2 24 | $4.1B | $-2.1B | ||
| Q1 24 | $4.3B | $-2.4B |
总资产NVRSIRI
| Q4 25 | $5.9B | $27.2B | ||
| Q3 25 | $6.0B | $27.4B | ||
| Q2 25 | $5.9B | $27.3B | ||
| Q1 25 | $6.2B | $27.4B | ||
| Q4 24 | $6.4B | $27.5B | ||
| Q3 24 | $6.5B | $27.5B | ||
| Q2 24 | $6.4B | $11.2B | ||
| Q1 24 | $6.5B | $11.2B |
负债/权益比NVRSIRI
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.93× | ||
| Q3 24 | — | 0.93× | ||
| 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 | $439.7M | $680.0M |
| 自由现金流经营现金流 - 资本支出 | $436.0M | $536.0M |
| 自由现金流率自由现金流/营收 | 16.1% | 24.4% |
| 资本支出强度资本支出/营收 | 0.1% | 6.6% |
| 现金转化率经营现金流/净利润 | 1.21× | 6.87× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.2B |
8季度趋势，按日历期对齐
经营现金流NVRSIRI
| Q4 25 | $439.7M | $680.0M | ||
| Q3 25 | $438.7M | $430.0M | ||
| Q2 25 | $35.1M | $546.0M | ||
| Q1 25 | $207.8M | $242.0M | ||
| Q4 24 | $637.0M | $679.0M | ||
| Q3 24 | $358.3M | $240.0M | ||
| Q2 24 | $232.7M | $514.0M | ||
| Q1 24 | $146.5M | $308.0M |
自由现金流NVRSIRI
| Q4 25 | $436.0M | $536.0M | ||
| Q3 25 | $433.3M | $255.0M | ||
| Q2 25 | $26.8M | $401.0M | ||
| Q1 25 | $200.7M | $53.0M | ||
| Q4 24 | $631.5M | $514.0M | ||
| Q3 24 | $350.1M | $24.0M | ||
| Q2 24 | $226.3M | $341.0M | ||
| Q1 24 | $137.5M | $134.0M |
自由现金流率NVRSIRI
| Q4 25 | 16.1% | 24.4% | ||
| Q3 25 | 16.6% | 11.8% | ||
| Q2 25 | 1.0% | 18.8% | ||
| Q1 25 | 8.4% | 2.6% | ||
| Q4 24 | 22.2% | 23.5% | ||
| Q3 24 | 12.8% | 1.1% | ||
| Q2 24 | 8.7% | 15.7% | ||
| Q1 24 | 5.9% | 6.2% |
资本支出强度NVRSIRI
| Q4 25 | 0.1% | 6.6% | ||
| Q3 25 | 0.2% | 8.1% | ||
| Q2 25 | 0.3% | 6.8% | ||
| Q1 25 | 0.3% | 9.1% | ||
| Q4 24 | 0.2% | 7.5% | ||
| Q3 24 | 0.3% | 9.9% | ||
| Q2 24 | 0.2% | 7.9% | ||
| Q1 24 | 0.4% | 8.0% |
现金转化率NVRSIRI
| Q4 25 | 1.21× | 6.87× | ||
| Q3 25 | 1.28× | 1.45× | ||
| Q2 25 | 0.11× | 2.66× | ||
| Q1 25 | 0.69× | 1.19× | ||
| Q4 24 | 1.39× | 3.06× | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | 0.58× | 1.69× | ||
| Q1 24 | 0.37× | 1.16× |
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% |
SIRI
| Subscription And Circulation | $1.6B | 74% |
| Advertising | $491.0M | 22% |
| Cost Of Sales Equipment Products And Services | $48.0M | 2% |
| Other Revenue | $28.0M | 1% |
