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PulteGroup（PHM）与Sprouts Farmers Market, Inc.（SFM）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Sprouts Farmers Market, Inc.的1.6倍（$3.4B vs $2.1B），PulteGroup净利率更高（10.2% vs 4.2%，领先6.0%），Sprouts Farmers Market, Inc.同比增速更快（7.6% vs -12.4%），过去两年Sprouts Farmers Market, Inc.的营收复合增速更高（6.8% 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。
Sprouts Farmers Market是总部位于美国亚利桑那州凤凰城的连锁超市品牌，主营天然有机食品，涵盖新鲜果蔬、散装食品、包装杂货、肉禽海鲜、熟食烘焙、乳制品、冷冻食品等品类，同时售有维生素补剂、天然个护及家居用品，目前在全美24个州开设超400家门店，员工约3.5万名。
PHM vs SFM — 直观对比
营收规模更大
PHM
是对方的1.6倍
$2.1B
营收增速更快
SFM
高出20.1%
-12.4%
净利率更高
PHM
高出6.0%
4.2%
两年增速更快
SFM
近两年复合增速
-13.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.1B |
| 净利润 | $347.0M | $89.8M |
| 毛利率 | — | 38.0% |
| 营业利润率 | — | 5.7% |
| 净利率 | 10.2% | 4.2% |
| 营收同比 | -12.4% | 7.6% |
| 净利润同比 | -33.6% | 12.8% |
| 每股收益（稀释后） | — | $0.93 |
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PHMSFM
| Q1 26 | $3.4B | — | ||
| Q4 25 | $4.6B | $2.1B | ||
| Q3 25 | $4.4B | $2.2B | ||
| Q2 25 | $4.4B | $2.2B | ||
| Q1 25 | $3.9B | $2.2B | ||
| Q4 24 | $4.9B | $2.0B | ||
| Q3 24 | $4.5B | $1.9B | ||
| Q2 24 | $4.6B | $1.9B |
净利润PHMSFM
| Q1 26 | $347.0M | — | ||
| Q4 25 | $501.6M | $89.8M | ||
| Q3 25 | $585.8M | $120.1M | ||
| Q2 25 | $608.5M | $133.7M | ||
| Q1 25 | $522.8M | $180.0M | ||
| Q4 24 | $913.2M | $79.6M | ||
| Q3 24 | $697.9M | $91.6M | ||
| Q2 24 | $809.1M | $95.3M |
毛利率PHMSFM
| Q1 26 | — | — | ||
| Q4 25 | — | 38.0% | ||
| Q3 25 | 27.8% | 38.7% | ||
| Q2 25 | 28.6% | 38.8% | ||
| Q1 25 | 28.8% | 39.6% | ||
| Q4 24 | — | 38.1% | ||
| Q3 24 | 30.4% | 38.1% | ||
| Q2 24 | 31.4% | 37.9% |
营业利润率PHMSFM
| Q1 26 | — | — | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | — | 7.2% | ||
| Q2 25 | — | 8.1% | ||
| Q1 25 | — | 10.1% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | 6.3% | ||
| Q2 24 | — | 6.7% |
净利率PHMSFM
| Q1 26 | 10.2% | — | ||
| Q4 25 | 10.9% | 4.2% | ||
| Q3 25 | 13.3% | 5.5% | ||
| Q2 25 | 13.8% | 6.0% | ||
| Q1 25 | 13.4% | 8.0% | ||
| Q4 24 | 18.6% | 4.0% | ||
| Q3 24 | 15.6% | 4.7% | ||
| Q2 24 | 17.6% | 5.0% |
每股收益（稀释后）PHMSFM
| Q1 26 | — | — | ||
| Q4 25 | $2.56 | $0.93 | ||
| Q3 25 | $2.96 | $1.22 | ||
| Q2 25 | $3.03 | $1.35 | ||
| Q1 25 | $2.57 | $1.81 | ||
| Q4 24 | $4.41 | $0.78 | ||
| Q3 24 | $3.35 | $0.91 | ||
| Q2 24 | $3.83 | $0.94 |
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 | $257.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $13.0B | $1.4B |
| 总资产 | $5.2B | $4.2B |
| 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PHMSFM
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.0B | $257.3M | ||
| Q3 25 | $1.5B | $322.4M | ||
| Q2 25 | $1.2B | $261.4M | ||
| Q1 25 | $1.2B | $285.7M | ||
| Q4 24 | $1.6B | $265.2M | ||
| Q3 24 | $1.4B | $309.7M | ||
| Q2 24 | $1.4B | $177.3M |
总债务PHMSFM
| Q1 26 | — | — | ||
| Q4 25 | $43.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $31.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PHMSFM
| Q1 26 | $13.0B | — | ||
| Q4 25 | $13.0B | $1.4B | ||
| Q3 25 | $12.8B | $1.4B | ||
| Q2 25 | $12.6B | $1.4B | ||
| Q1 25 | $12.3B | $1.3B | ||
| Q4 24 | $12.1B | $1.3B | ||
| Q3 24 | $11.6B | $1.3B | ||
| Q2 24 | $11.2B | $1.3B |
总资产PHMSFM
| Q1 26 | $5.2B | — | ||
| Q4 25 | $18.0B | $4.2B | ||
| Q3 25 | $17.9B | $4.0B | ||
| Q2 25 | $17.6B | $3.8B | ||
| Q1 25 | $17.3B | $3.7B | ||
| Q4 24 | $17.4B | $3.6B | ||
| Q3 24 | $17.0B | $3.6B | ||
| Q2 24 | $16.5B | $3.4B |
负债/权益比PHMSFM
| 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 | $138.5M |
| 自由现金流经营现金流 - 资本支出 | — | $66.3M |
| 自由现金流率自由现金流/营收 | — | 3.1% |
| 资本支出强度资本支出/营收 | 0.7% | 3.4% |
| 现金转化率经营现金流/净利润 | 0.46× | 1.54× |
| 过去12个月自由现金流最近4个季度 | — | $467.7M |
8季度趋势，按日历期对齐
经营现金流PHMSFM
| Q1 26 | $159.8M | — | ||
| Q4 25 | $771.1M | $138.5M | ||
| Q3 25 | $678.4M | $167.1M | ||
| Q2 25 | $287.5M | $111.2M | ||
| Q1 25 | $134.2M | $299.1M | ||
| Q4 24 | $567.6M | $124.9M | ||
| Q3 24 | $455.9M | $209.1M | ||
| Q2 24 | $417.5M | $91.6M |
自由现金流PHMSFM
| Q1 26 | — | — | ||
| Q4 25 | $739.8M | $66.3M | ||
| Q3 25 | $651.1M | $111.4M | ||
| Q2 25 | $253.0M | $50.4M | ||
| Q1 25 | $104.6M | $239.6M | ||
| Q4 24 | $543.1M | $56.2M | ||
| Q3 24 | $417.2M | $156.3M | ||
| Q2 24 | $386.2M | $33.9M |
自由现金流率PHMSFM
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 3.1% | ||
| Q3 25 | 14.8% | 5.1% | ||
| Q2 25 | 5.7% | 2.3% | ||
| Q1 25 | 2.7% | 10.7% | ||
| Q4 24 | 11.0% | 2.8% | ||
| Q3 24 | 9.3% | 8.0% | ||
| Q2 24 | 8.4% | 1.8% |
资本支出强度PHMSFM
| Q1 26 | 0.7% | — | ||
| Q4 25 | 0.7% | 3.4% | ||
| Q3 25 | 0.6% | 2.5% | ||
| Q2 25 | 0.8% | 2.7% | ||
| Q1 25 | 0.8% | 2.7% | ||
| Q4 24 | 0.5% | 3.4% | ||
| Q3 24 | 0.9% | 2.7% | ||
| Q2 24 | 0.7% | 3.0% |
现金转化率PHMSFM
| Q1 26 | 0.46× | — | ||
| Q4 25 | 1.54× | 1.54× | ||
| Q3 25 | 1.16× | 1.39× | ||
| Q2 25 | 0.47× | 0.83× | ||
| Q1 25 | 0.26× | 1.66× | ||
| Q4 24 | 0.62× | 1.57× | ||
| Q3 24 | 0.65× | 2.28× | ||
| Q2 24 | 0.52× | 0.96× |
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% |
SFM
| Perishables | $1.2B | 56% |
| Non Perishables | $935.4M | 44% |
