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NVR, Inc.（NVR）与史丹利百得（SWK）财务数据对比。点击上方公司名可切换其他公司
史丹利百得的季度营收约是NVR, Inc.的1.4倍（$3.8B vs $2.7B），NVR, Inc.净利率更高（13.4% vs 1.4%，领先12.0%），史丹利百得同比增速更快（0.1% vs -4.7%），NVR, Inc.自由现金流更多（$436.0M vs $155.3M），过去两年NVR, Inc.的营收复合增速更高（7.8% vs 0.3%）
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。
史丹利百得是美国知名的工业工具、家用五金产品制造商，同时提供安防类产品，前身为史丹利工具有限公司，由史丹利与百得于2010年3月12日合并而来，总部位于康涅狄格州大哈特福德地区的新不列颠市。
NVR vs SWK — 直观对比
营收规模更大
SWK
是对方的1.4倍
$2.7B
营收增速更快
SWK
高出4.8%
-4.7%
净利率更高
NVR
高出12.0%
1.4%
自由现金流更多
NVR
多$280.7M
$155.3M
两年增速更快
NVR
近两年复合增速
0.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $3.8B |
| 净利润 | $363.8M | $51.4M |
| 毛利率 | — | 31.4% |
| 营业利润率 | — | — |
| 净利率 | 13.4% | 1.4% |
| 营收同比 | -4.7% | 0.1% |
| 净利润同比 | -20.5% | -43.6% |
| 每股收益（稀释后） | $120.85 | $0.34 |
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NVRSWK
| Q4 25 | $2.7B | — | ||
| Q3 25 | $2.6B | $3.8B | ||
| Q2 25 | $2.6B | $3.9B | ||
| Q1 25 | $2.4B | $3.7B | ||
| Q4 24 | $2.8B | $3.7B | ||
| Q3 24 | $2.7B | $3.8B | ||
| Q2 24 | $2.6B | $4.0B | ||
| Q1 24 | $2.3B | $3.9B |
净利润NVRSWK
| Q4 25 | $363.8M | — | ||
| Q3 25 | $342.7M | $51.4M | ||
| Q2 25 | $333.7M | $101.9M | ||
| Q1 25 | $299.6M | $90.4M | ||
| Q4 24 | $457.4M | $194.9M | ||
| Q3 24 | $429.3M | $91.1M | ||
| Q2 24 | $400.9M | $-11.2M | ||
| Q1 24 | $394.3M | $19.5M |
毛利率NVRSWK
| Q4 25 | — | — | ||
| Q3 25 | — | 31.4% | ||
| Q2 25 | — | 27.0% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 30.8% | ||
| Q3 24 | — | 29.9% | ||
| Q2 24 | — | 28.4% | ||
| Q1 24 | — | 28.6% |
营业利润率NVRSWK
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.4% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | 9.5% | ||
| Q1 24 | — | 8.3% |
净利率NVRSWK
| Q4 25 | 13.4% | — | ||
| Q3 25 | 13.1% | 1.4% | ||
| Q2 25 | 12.8% | 2.6% | ||
| Q1 25 | 12.5% | 2.4% | ||
| Q4 24 | 16.1% | 5.2% | ||
| Q3 24 | 15.7% | 2.4% | ||
| Q2 24 | 15.3% | -0.3% | ||
| Q1 24 | 16.9% | 0.5% |
每股收益（稀释后）NVRSWK
| Q4 25 | $120.85 | — | ||
| Q3 25 | $112.33 | $0.34 | ||
| Q2 25 | $108.54 | $0.67 | ||
| Q1 25 | $94.83 | $0.60 | ||
| Q4 24 | $139.09 | $1.29 | ||
| Q3 24 | $130.50 | $0.60 | ||
| Q2 24 | $120.69 | $-0.07 | ||
| Q1 24 | $116.41 | $0.13 |
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 | — | $268.3M |
| 总债务越低越好 | — | $5.3B |
| 股东权益账面价值 | $3.9B | $9.0B |
| 总资产 | $5.9B | $21.8B |
| 负债/权益比越低杠杆越低 | — | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资NVRSWK
| Q4 25 | — | — | ||
| Q3 25 | — | $268.3M | ||
| Q2 25 | — | $311.8M | ||
| Q1 25 | — | $344.8M | ||
| Q4 24 | — | $290.5M | ||
| Q3 24 | — | $298.7M | ||
| Q2 24 | — | $318.5M | ||
| Q1 24 | — | $476.6M |
总债务NVRSWK
| Q4 25 | — | — | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | — | $5.6B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.1B | ||
| Q3 24 | — | $6.1B | ||
| Q2 24 | — | $6.1B | ||
| Q1 24 | — | $6.1B |
股东权益NVRSWK
| Q4 25 | $3.9B | — | ||
| Q3 25 | $4.0B | $9.0B | ||
| Q2 25 | $3.8B | $9.1B | ||
| Q1 25 | $4.0B | $8.8B | ||
| Q4 24 | $4.2B | $8.7B | ||
| Q3 24 | $4.3B | $8.9B | ||
| Q2 24 | $4.1B | $8.7B | ||
| Q1 24 | $4.3B | $8.9B |
总资产NVRSWK
| Q4 25 | $5.9B | — | ||
| Q3 25 | $6.0B | $21.8B | ||
| Q2 25 | $5.9B | $22.5B | ||
| Q1 25 | $6.2B | $22.5B | ||
| Q4 24 | $6.4B | $21.8B | ||
| Q3 24 | $6.5B | $22.5B | ||
| Q2 24 | $6.4B | $22.5B | ||
| Q1 24 | $6.5B | $23.9B |
负债/权益比NVRSWK
| Q4 25 | — | — | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.70× | ||
| Q3 24 | — | 0.69× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.69× |
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 | $221.2M |
| 自由现金流经营现金流 - 资本支出 | $436.0M | $155.3M |
| 自由现金流率自由现金流/营收 | 16.1% | 4.1% |
| 资本支出强度资本支出/营收 | 0.1% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.21× | 4.30× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $369.6M |
8季度趋势，按日历期对齐
经营现金流NVRSWK
| Q4 25 | $439.7M | — | ||
| Q3 25 | $438.7M | $221.2M | ||
| Q2 25 | $35.1M | $214.3M | ||
| Q1 25 | $207.8M | $-420.0M | ||
| Q4 24 | $637.0M | $679.1M | ||
| Q3 24 | $358.3M | $285.8M | ||
| Q2 24 | $232.7M | $573.0M | ||
| Q1 24 | $146.5M | $-431.0M |
自由现金流NVRSWK
| Q4 25 | $436.0M | — | ||
| Q3 25 | $433.3M | $155.3M | ||
| Q2 25 | $26.8M | $134.7M | ||
| Q1 25 | $200.7M | $-485.0M | ||
| Q4 24 | $631.5M | $564.6M | ||
| Q3 24 | $350.1M | $199.3M | ||
| Q2 24 | $226.3M | $485.8M | ||
| Q1 24 | $137.5M | $-496.7M |
自由现金流率NVRSWK
| Q4 25 | 16.1% | — | ||
| Q3 25 | 16.6% | 4.1% | ||
| Q2 25 | 1.0% | 3.4% | ||
| Q1 25 | 8.4% | -13.0% | ||
| Q4 24 | 22.2% | 15.2% | ||
| Q3 24 | 12.8% | 5.3% | ||
| Q2 24 | 8.7% | 12.1% | ||
| Q1 24 | 5.9% | -12.8% |
资本支出强度NVRSWK
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.2% | 1.8% | ||
| Q2 25 | 0.3% | 2.0% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 0.2% | 3.1% | ||
| Q3 24 | 0.3% | 2.3% | ||
| Q2 24 | 0.2% | 2.2% | ||
| Q1 24 | 0.4% | 1.7% |
现金转化率NVRSWK
| Q4 25 | 1.21× | — | ||
| Q3 25 | 1.28× | 4.30× | ||
| Q2 25 | 0.11× | 2.10× | ||
| Q1 25 | 0.69× | -4.65× | ||
| Q4 24 | 1.39× | 3.48× | ||
| Q3 24 | 0.83× | 3.14× | ||
| Q2 24 | 0.58× | — | ||
| Q1 24 | 0.37× | -22.10× |
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% |
SWK
| Tools And Outdoor Segment | $3.3B | 87% |
| Engineered Fastening Segment | $500.5M | 13% |
