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NVR, Inc.（NVR）与Williams-Sonoma, Inc.（WSM）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Williams-Sonoma, Inc.的1.4倍（$2.7B vs $1.9B），NVR, Inc.净利率更高（13.4% vs 12.8%，领先0.6%），Williams-Sonoma, Inc.同比增速更快（4.6% vs -4.7%），NVR, Inc.自由现金流更多（$436.0M vs $248.1M），过去两年NVR, Inc.的营收复合增速更高（7.8% vs -9.1%）
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。
Williams-Sonoma, Inc.是美国知名家居零售企业，1956年由查尔斯·E·威廉姆斯创立，主营高品质炊具、家居家电、家居软装等多元品类产品，在家居消费领域拥有广泛的用户基础与较高的市场认可度。
NVR vs WSM — 直观对比
营收规模更大
NVR
是对方的1.4倍
$1.9B
营收增速更快
WSM
高出9.2%
-4.7%
净利率更高
NVR
高出0.6%
12.8%
自由现金流更多
NVR
多$188.0M
$248.1M
两年增速更快
NVR
近两年复合增速
-9.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.9B |
| 净利润 | $363.8M | $241.6M |
| 毛利率 | — | 46.1% |
| 营业利润率 | — | 17.0% |
| 净利率 | 13.4% | 12.8% |
| 营收同比 | -4.7% | 4.6% |
| 净利润同比 | -20.5% | -3.0% |
| 每股收益（稀释后） | $120.85 | $1.96 |
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NVRWSM
| Q4 25 | $2.7B | $1.9B | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.6B | $1.7B | ||
| Q1 25 | $2.4B | $2.5B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.6B | $1.7B | ||
| Q1 24 | $2.3B | $2.3B |
净利润NVRWSM
| Q4 25 | $363.8M | $241.6M | ||
| Q3 25 | $342.7M | $247.6M | ||
| Q2 25 | $333.7M | $231.3M | ||
| Q1 25 | $299.6M | $384.9M | ||
| Q4 24 | $457.4M | $249.0M | ||
| Q3 24 | $429.3M | $225.7M | ||
| Q2 24 | $400.9M | $265.7M | ||
| Q1 24 | $394.3M | $354.4M |
毛利率NVRWSM
| Q4 25 | — | 46.1% | ||
| Q3 25 | — | 47.1% | ||
| Q2 25 | — | 44.3% | ||
| Q1 25 | — | 45.2% | ||
| Q4 24 | — | 46.7% | ||
| Q3 24 | — | 46.2% | ||
| Q2 24 | — | 48.3% | ||
| Q1 24 | — | 46.0% |
营业利润率NVRWSM
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 17.9% | ||
| Q2 25 | — | 16.8% | ||
| Q1 25 | — | 20.1% | ||
| Q4 24 | — | 17.8% | ||
| Q3 24 | — | 16.2% | ||
| Q2 24 | — | 19.5% | ||
| Q1 24 | — | 20.1% |
净利率NVRWSM
| Q4 25 | 13.4% | 12.8% | ||
| Q3 25 | 13.1% | 13.5% | ||
| Q2 25 | 12.8% | 13.4% | ||
| Q1 25 | 12.5% | 15.6% | ||
| Q4 24 | 16.1% | 13.8% | ||
| Q3 24 | 15.7% | 12.6% | ||
| Q2 24 | 15.3% | 16.0% | ||
| Q1 24 | 16.9% | 15.6% |
每股收益（稀释后）NVRWSM
| Q4 25 | $120.85 | $1.96 | ||
| Q3 25 | $112.33 | $2.00 | ||
| Q2 25 | $108.54 | $1.85 | ||
| Q1 25 | $94.83 | $1.02 | ||
| Q4 24 | $139.09 | $1.96 | ||
| Q3 24 | $130.50 | $1.74 | ||
| Q2 24 | $120.69 | $4.07 | ||
| Q1 24 | $116.41 | $5.42 |
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 | — | $884.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.9B | $2.1B |
| 总资产 | $5.9B | $5.3B |
| 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NVRWSM
| Q4 25 | — | $884.7M | ||
| Q3 25 | — | $985.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | — | $826.8M | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.3B |
股东权益NVRWSM
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | $4.0B | $2.1B | ||
| Q2 25 | $3.8B | $2.2B | ||
| Q1 25 | $4.0B | $2.1B | ||
| Q4 24 | $4.2B | $1.9B | ||
| Q3 24 | $4.3B | $2.3B | ||
| Q2 24 | $4.1B | $2.2B | ||
| Q1 24 | $4.3B | $2.1B |
总资产NVRWSM
| Q4 25 | $5.9B | $5.3B | ||
| Q3 25 | $6.0B | $5.2B | ||
| Q2 25 | $5.9B | $5.2B | ||
| Q1 25 | $6.2B | $5.3B | ||
| Q4 24 | $6.4B | $5.0B | ||
| Q3 24 | $6.5B | $5.2B | ||
| Q2 24 | $6.4B | $5.2B | ||
| Q1 24 | $6.5B | $5.3B |
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 | $316.3M |
| 自由现金流经营现金流 - 资本支出 | $436.0M | $248.1M |
| 自由现金流率自由现金流/营收 | 16.1% | 13.2% |
| 资本支出强度资本支出/营收 | 0.1% | 3.6% |
| 现金转化率经营现金流/净利润 | 1.21× | 1.31× |
| 过去12个月自由现金流最近4个季度 | $1.1B | $1.1B |
8季度趋势，按日历期对齐
经营现金流NVRWSM
| Q4 25 | $439.7M | $316.3M | ||
| Q3 25 | $438.7M | $282.7M | ||
| Q2 25 | $35.1M | $118.9M | ||
| Q1 25 | $207.8M | $633.5M | ||
| Q4 24 | $637.0M | $253.5M | ||
| Q3 24 | $358.3M | $246.5M | ||
| Q2 24 | $232.7M | $226.8M | ||
| Q1 24 | $146.5M | $674.9M |
自由现金流NVRWSM
| Q4 25 | $436.0M | $248.1M | ||
| Q3 25 | $433.3M | $230.7M | ||
| Q2 25 | $26.8M | $60.7M | ||
| Q1 25 | $200.7M | $566.3M | ||
| Q4 24 | $631.5M | $170.1M | ||
| Q3 24 | $350.1M | $215.1M | ||
| Q2 24 | $226.3M | $187.3M | ||
| Q1 24 | $137.5M | $621.2M |
自由现金流率NVRWSM
| Q4 25 | 16.1% | 13.2% | ||
| Q3 25 | 16.6% | 12.6% | ||
| Q2 25 | 1.0% | 3.5% | ||
| Q1 25 | 8.4% | 23.0% | ||
| Q4 24 | 22.2% | 9.4% | ||
| Q3 24 | 12.8% | 12.0% | ||
| Q2 24 | 8.7% | 11.3% | ||
| Q1 24 | 5.9% | 27.3% |
资本支出强度NVRWSM
| Q4 25 | 0.1% | 3.6% | ||
| Q3 25 | 0.2% | 2.8% | ||
| Q2 25 | 0.3% | 3.4% | ||
| Q1 25 | 0.3% | 2.7% | ||
| Q4 24 | 0.2% | 4.6% | ||
| Q3 24 | 0.3% | 1.8% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.4% | 2.4% |
现金转化率NVRWSM
| Q4 25 | 1.21× | 1.31× | ||
| Q3 25 | 1.28× | 1.14× | ||
| Q2 25 | 0.11× | 0.51× | ||
| Q1 25 | 0.69× | 1.65× | ||
| Q4 24 | 1.39× | 1.02× | ||
| Q3 24 | 0.83× | 1.09× | ||
| Q2 24 | 0.58× | 0.85× | ||
| Q1 24 | 0.37× | 1.90× |
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% |
WSM
暂无分部数据
