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NVR, Inc.（NVR）与J.M. Smucker Company (The)（SJM）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J.M. Smucker Company (The)的1.2倍（$2.7B vs $2.3B），NVR, Inc.净利率更高（13.4% vs 10.4%，领先3.1%），J.M. Smucker Company (The)同比增速更快（2.6% vs -4.7%），NVR, Inc.自由现金流更多（$436.0M vs $280.2M），过去两年NVR, Inc.的营收复合增速更高（7.8% vs 2.2%）
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。
J.M.斯马克公司是美国食品饮料生产企业，总部位于俄亥俄州奥维尔，1897年成立之初主营苹果酱生产，目前旗下设消费食品、宠物食品、咖啡三大业务板块，核心品牌Smucker's主打果酱、花生酱、糖浆、无皮冷冻三明治、冰淇淋顶料等产品。
NVR vs SJM — 直观对比
营收规模更大
NVR
是对方的1.2倍
$2.3B
营收增速更快
SJM
高出7.3%
-4.7%
净利率更高
NVR
高出3.1%
10.4%
自由现金流更多
NVR
多$155.8M
$280.2M
两年增速更快
NVR
近两年复合增速
2.2%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $2.3B |
| 净利润 | $363.8M | $241.3M |
| 毛利率 | — | 37.3% |
| 营业利润率 | — | 18.0% |
| 净利率 | 13.4% | 10.4% |
| 营收同比 | -4.7% | 2.6% |
| 净利润同比 | -20.5% | 1084.9% |
| 每股收益（稀释后） | $120.85 | $2.26 |
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NVRSJM
| Q4 25 | $2.7B | $2.3B | ||
| Q3 25 | $2.6B | $2.1B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.4B | $2.2B | ||
| Q4 24 | $2.8B | $2.3B | ||
| Q3 24 | $2.7B | $2.1B | ||
| Q2 24 | $2.6B | $2.2B | ||
| Q1 24 | $2.3B | $2.2B |
净利润NVRSJM
| Q4 25 | $363.8M | $241.3M | ||
| Q3 25 | $342.7M | $-43.9M | ||
| Q2 25 | $333.7M | $-729.0M | ||
| Q1 25 | $299.6M | $-662.3M | ||
| Q4 24 | $457.4M | $-24.5M | ||
| Q3 24 | $429.3M | $185.0M | ||
| Q2 24 | $400.9M | $245.1M | ||
| Q1 24 | $394.3M | $120.4M |
毛利率NVRSJM
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 22.5% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 40.2% | ||
| Q4 24 | — | 39.0% | ||
| Q3 24 | — | 37.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 36.9% |
营业利润率NVRSJM
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | -27.9% | ||
| Q1 25 | — | -27.2% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 18.4% | ||
| Q1 24 | — | 13.3% |
净利率NVRSJM
| Q4 25 | 13.4% | 10.4% | ||
| Q3 25 | 13.1% | -2.1% | ||
| Q2 25 | 12.8% | -34.0% | ||
| Q1 25 | 12.5% | -30.3% | ||
| Q4 24 | 16.1% | -1.1% | ||
| Q3 24 | 15.7% | 8.7% | ||
| Q2 24 | 15.3% | 11.1% | ||
| Q1 24 | 16.9% | 5.4% |
每股收益（稀释后）NVRSJM
| Q4 25 | $120.85 | $2.26 | ||
| Q3 25 | $112.33 | $-0.41 | ||
| Q2 25 | $108.54 | $-6.86 | ||
| Q1 25 | $94.83 | $-6.22 | ||
| Q4 24 | $139.09 | $-0.23 | ||
| Q3 24 | $130.50 | $1.74 | ||
| Q2 24 | $120.69 | $2.31 | ||
| Q1 24 | $116.41 | $1.13 |
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 | — | — |
| 总债务越低越好 | — | $7.0B |
| 股东权益账面价值 | $3.9B | $6.1B |
| 总资产 | $5.9B | $17.6B |
| 负债/权益比越低杠杆越低 | — | 1.16× |
8季度趋势，按日历期对齐
总债务NVRSJM
| Q4 25 | — | $7.0B | ||
| Q3 25 | — | $7.0B | ||
| Q2 25 | — | $7.0B | ||
| Q1 25 | — | $7.4B | ||
| Q4 24 | — | $7.8B | ||
| Q3 24 | — | $7.8B | ||
| Q2 24 | — | $7.8B | ||
| Q1 24 | — | $8.1B |
股东权益NVRSJM
| Q4 25 | $3.9B | $6.1B | ||
| Q3 25 | $4.0B | $5.9B | ||
| Q2 25 | $3.8B | $6.1B | ||
| Q1 25 | $4.0B | $6.9B | ||
| Q4 24 | $4.2B | $7.6B | ||
| Q3 24 | $4.3B | $7.8B | ||
| Q2 24 | $4.1B | $7.7B | ||
| Q1 24 | $4.3B | $7.6B |
总资产NVRSJM
| Q4 25 | $5.9B | $17.6B | ||
| Q3 25 | $6.0B | $17.7B | ||
| Q2 25 | $5.9B | $17.6B | ||
| Q1 25 | $6.2B | $18.4B | ||
| Q4 24 | $6.4B | $20.0B | ||
| Q3 24 | $6.5B | $20.3B | ||
| Q2 24 | $6.4B | $20.3B | ||
| Q1 24 | $6.5B | $20.2B |
负债/权益比NVRSJM
| Q4 25 | — | 1.16× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 1.07× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.00× | ||
| Q2 24 | — | 1.01× | ||
| Q1 24 | — | 1.07× |
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 | $346.5M |
| 自由现金流经营现金流 - 资本支出 | $436.0M | $280.2M |
| 自由现金流率自由现金流/营收 | 16.1% | 12.0% |
| 资本支出强度资本支出/营收 | 0.1% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.21× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $635.5M |
8季度趋势，按日历期对齐
经营现金流NVRSJM
| Q4 25 | $439.7M | $346.5M | ||
| Q3 25 | $438.7M | $-10.6M | ||
| Q2 25 | $35.1M | $393.9M | ||
| Q1 25 | $207.8M | $239.4M | ||
| Q4 24 | $637.0M | $404.2M | ||
| Q3 24 | $358.3M | $172.9M | ||
| Q2 24 | $232.7M | $428.1M | ||
| Q1 24 | $146.5M | $406.5M |
自由现金流NVRSJM
| Q4 25 | $436.0M | $280.2M | ||
| Q3 25 | $433.3M | $-94.9M | ||
| Q2 25 | $26.8M | $298.9M | ||
| Q1 25 | $200.7M | $151.3M | ||
| Q4 24 | $631.5M | $317.2M | ||
| Q3 24 | $350.1M | $49.2M | ||
| Q2 24 | $226.3M | $297.5M | ||
| Q1 24 | $137.5M | $249.6M |
自由现金流率NVRSJM
| Q4 25 | 16.1% | 12.0% | ||
| Q3 25 | 16.6% | -4.5% | ||
| Q2 25 | 1.0% | 13.9% | ||
| Q1 25 | 8.4% | 6.9% | ||
| Q4 24 | 22.2% | 14.0% | ||
| Q3 24 | 12.8% | 2.3% | ||
| Q2 24 | 8.7% | 13.5% | ||
| Q1 24 | 5.9% | 11.2% |
资本支出强度NVRSJM
| Q4 25 | 0.1% | 2.8% | ||
| Q3 25 | 0.2% | 4.0% | ||
| Q2 25 | 0.3% | 4.4% | ||
| Q1 25 | 0.3% | 4.0% | ||
| Q4 24 | 0.2% | 3.8% | ||
| Q3 24 | 0.3% | 5.8% | ||
| Q2 24 | 0.2% | 5.9% | ||
| Q1 24 | 0.4% | 7.0% |
现金转化率NVRSJM
| Q4 25 | 1.21× | 1.44× | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 1.39× | — | ||
| Q3 24 | 0.83× | 0.93× | ||
| Q2 24 | 0.58× | 1.75× | ||
| Q1 24 | 0.37× | 3.38× |
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% |
SJM
| U.S.Retail Frozen Handheld And Spreads | $461.1M | 20% |
| U.S.Retail Pet Foods | $413.2M | 18% |
| Handheld Frozen Sandwiches | $262.9M | 11% |
| Sweet Baked Snacks | $256.1M | 11% |
| Pet Snacks | $232.0M | 10% |
| Cat Food | $197.2M | 8% |
| Peanut Butter | $187.1M | 8% |
| CA | $94.5M | 4% |
| Fruit Spreads | $92.2M | 4% |
| Other | $50.5M | 2% |
| Portion Control | $50.1M | 2% |
| All Other International | $33.2M | 1% |
