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PulteGroup（PHM）与Rocket Companies, Inc.（RKT）财务数据对比。点击上方公司名可切换其他公司
PulteGroup的季度营收约是Rocket Companies, Inc.的1.3倍（$3.4B vs $2.7B），PulteGroup净利率更高（10.2% vs 2.5%，领先7.7%），Rocket Companies, Inc.同比增速更快（52.2% vs -12.4%），过去两年Rocket Companies, Inc.的营收复合增速更高（39.5% vs -13.9%）
PulteGroup Inc.是总部位于美国佐治亚州亚特兰大的住宅建造企业，2023年按房屋交付量统计为美国第三大住宅建造商，自成立以来累计已建成超过77.5万套住宅，是美国住宅开发领域的领先企业之一。
Rocket Companies, Inc.是美国金融科技及住房服务企业，由丹·吉尔伯特创立，总部位于密歇根州底特律市中心。公司依托旗舰子公司Rocket Mortgage跻身美国最大抵押贷款提供商行列，旗下还拥有Redfin、Forsalebyowner.com、Rocket Money等子品牌。
PHM vs RKT — 直观对比
营收规模更大
PHM
是对方的1.3倍
$2.7B
营收增速更快
RKT
高出64.6%
-12.4%
净利率更高
PHM
高出7.7%
2.5%
两年增速更快
RKT
近两年复合增速
-13.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.7B |
| 净利润 | $347.0M | $68.0M |
| 毛利率 | — | — |
| 营业利润率 | — | 6.3% |
| 净利率 | 10.2% | 2.5% |
| 营收同比 | -12.4% | 52.2% |
| 净利润同比 | -33.6% | 100.8% |
| 每股收益（稀释后） | — | $0.10 |
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PHMRKT
| Q1 26 | $3.4B | — | ||
| Q4 25 | $4.6B | $2.7B | ||
| Q3 25 | $4.4B | $1.6B | ||
| Q2 25 | $4.4B | $1.4B | ||
| Q1 25 | $3.9B | $1.0B | ||
| Q4 24 | $4.9B | $1.8B | ||
| Q3 24 | $4.5B | $646.9M | ||
| Q2 24 | $4.6B | $1.3B |
净利润PHMRKT
| Q1 26 | $347.0M | — | ||
| Q4 25 | $501.6M | $68.0M | ||
| Q3 25 | $585.8M | $-123.9M | ||
| Q2 25 | $608.5M | $-1.8M | ||
| Q1 25 | $522.8M | $-10.4M | ||
| Q4 24 | $913.2M | $33.9M | ||
| Q3 24 | $697.9M | $-22.0M | ||
| Q2 24 | $809.1M | $1.3M |
毛利率PHMRKT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 27.8% | — | ||
| Q2 25 | 28.6% | — | ||
| Q1 25 | 28.8% | — | ||
| Q4 24 | — | 58.9% | ||
| Q3 24 | 30.4% | -8.4% | ||
| Q2 24 | 31.4% | 47.4% |
营业利润率PHMRKT
| Q1 26 | — | — | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | — | -11.5% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | — | -76.9% | ||
| Q2 24 | — | 14.8% |
净利率PHMRKT
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.9% | 2.5% | ||
| Q3 25 | 13.3% | -7.7% | ||
| Q2 25 | 13.8% | -0.1% | ||
| Q1 25 | 13.4% | -1.0% | ||
| Q4 24 | 18.6% | 1.9% | ||
| Q3 24 | 15.6% | -3.4% | ||
| Q2 24 | 17.6% | 0.1% |
每股收益（稀释后）PHMRKT
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $0.10 | ||
| Q3 25 | $2.96 | $-0.06 | ||
| Q2 25 | $3.03 | $-0.01 | ||
| Q1 25 | $2.57 | $-0.08 | ||
| Q4 24 | $4.41 | $0.28 | ||
| Q3 24 | $3.35 | $-0.19 | ||
| Q2 24 | $3.83 | $0.01 |
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 | $1.8B | $2.7B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $13.0B | $22.9B |
| 总资产 | $5.2B | $60.7B |
| 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PHMRKT
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.0B | $2.7B | ||
| Q3 25 | $1.5B | $5.8B | ||
| Q2 25 | $1.2B | $5.1B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.4B | $1.2B | ||
| Q2 24 | $1.4B | $1.3B |
总债务PHMRKT
| Q1 26 | — | — | ||
| Q4 25 | $43.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $31.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PHMRKT
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $22.9B | ||
| Q3 25 | $12.8B | $8.9B | ||
| Q2 25 | $12.6B | $7.4B | ||
| Q1 25 | $12.3B | $8.6B | ||
| Q4 24 | $12.1B | $9.0B | ||
| Q3 24 | $11.6B | $8.4B | ||
| Q2 24 | $11.2B | $8.8B |
总资产PHMRKT
| Q1 26 | $5.2B | — | ||
| Q4 25 | $18.0B | $60.7B | ||
| Q3 25 | $17.9B | $33.6B | ||
| Q2 25 | $17.6B | $30.4B | ||
| Q1 25 | $17.3B | $25.3B | ||
| Q4 24 | $17.4B | $24.5B | ||
| Q3 24 | $17.0B | $25.1B | ||
| Q2 24 | $16.5B | $23.6B |
负债/权益比PHMRKT
| Q1 26 | — | — | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $159.8M | $-1.2B |
| 自由现金流经营现金流 - 资本支出 | — | $-1.3B |
| 自由现金流率自由现金流/营收 | — | -47.2% |
| 资本支出强度资本支出/营收 | 0.7% | 1.5% |
| 现金转化率经营现金流/净利润 | 0.46× | -18.08× |
| 过去12个月自由现金流最近4个季度 | — | $-4.0B |
8季度趋势，按日历期对齐
经营现金流PHMRKT
| Q1 26 | $159.8M | — | ||
| Q4 25 | $771.1M | $-1.2B | ||
| Q3 25 | $678.4M | $-50.3M | ||
| Q2 25 | $287.5M | $-1.9B | ||
| Q1 25 | $134.2M | $-797.0M | ||
| Q4 24 | $567.6M | $1.8B | ||
| Q3 24 | $455.9M | $-1.3B | ||
| Q2 24 | $417.5M | $-122.3M |
自由现金流PHMRKT
| Q1 26 | — | — | ||
| Q4 25 | $739.8M | $-1.3B | ||
| Q3 25 | $651.1M | $-71.8M | ||
| Q2 25 | $253.0M | $-1.9B | ||
| Q1 25 | $104.6M | $-811.0M | ||
| Q4 24 | $543.1M | $1.8B | ||
| Q3 24 | $417.2M | $-1.4B | ||
| Q2 24 | $386.2M | $-138.3M |
自由现金流率PHMRKT
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | -47.2% | ||
| Q3 25 | 14.8% | -4.5% | ||
| Q2 25 | 5.7% | -137.2% | ||
| Q1 25 | 2.7% | -78.2% | ||
| Q4 24 | 11.0% | 103.1% | ||
| Q3 24 | 9.3% | -209.6% | ||
| Q2 24 | 8.4% | -10.6% |
资本支出强度PHMRKT
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 1.5% | ||
| Q3 25 | 0.6% | 1.3% | ||
| Q2 25 | 0.8% | 1.1% | ||
| Q1 25 | 0.8% | 1.4% | ||
| Q4 24 | 0.5% | 1.1% | ||
| Q3 24 | 0.9% | 2.9% | ||
| Q2 24 | 0.7% | 1.2% |
现金转化率PHMRKT
| Q1 26 | 0.46× | — | ||
| Q4 25 | 1.54× | -18.08× | ||
| Q3 25 | 1.16× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.62× | 54.42× | ||
| Q3 24 | 0.65× | — | ||
| Q2 24 | 0.52× | -94.46× |
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
PHM
| Home sale revenues | $3.3B | 97% |
| Financial Services | $71.7M | 2% |
| Land sale and other revenues | $29.3M | 1% |
RKT
| Other | $1.4B | 51% |
| Direct To Customer Segment | $945.8M | 35% |
| Partner Network Segment | $216.7M | 8% |
| Subscription Revenue | $91.3M | 3% |
| Closing Fees | $47.1M | 2% |
| Appraisal Revenue | $10.7M | 0% |
