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Pure Storage, Inc.（PSTG）与Tri Pointe Homes, Inc.（TPH）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是Pure Storage, Inc.的1.0倍（$972.6M vs $964.5M），Tri Pointe Homes, Inc.净利率更高（6.2% vs 5.7%，领先0.5%），Pure Storage, Inc.同比增速更快（16.0% vs -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $52.6M），过去两年Pure Storage, Inc.的营收复合增速更高（10.5% vs 1.8%）
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
Tri Pointe Homes, Inc.是总部位于美国内华达州inclinet村的住宅建筑企业，为购房者提供融资及保险服务，业务覆盖亚利桑那、加利福尼亚、内华达、华盛顿、科罗拉多、得克萨斯、哥伦比亚特区、马里兰、北卡罗来纳、南卡罗来纳、弗吉尼亚等地区，按房屋交付量计算是美国第18大住宅建筑商。
PSTG vs TPH — 直观对比
营收规模更大
TPH
是对方的1.0倍
$964.5M
营收增速更快
PSTG
高出38.5%
-22.4%
净利率更高
TPH
高出0.5%
5.7%
自由现金流更多
TPH
多$160.6M
$52.6M
两年增速更快
PSTG
近两年复合增速
1.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $964.5M | $972.6M |
| 净利润 | $54.8M | $60.2M |
| 毛利率 | 72.3% | — |
| 营业利润率 | 5.6% | 8.1% |
| 净利率 | 5.7% | 6.2% |
| 营收同比 | 16.0% | -22.4% |
| 净利润同比 | -13.9% | -53.4% |
| 每股收益（稀释后） | $0.16 | $0.70 |
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PSTGTPH
| Q4 25 | $964.5M | $972.6M | ||
| Q3 25 | $861.0M | $854.7M | ||
| Q2 25 | $778.5M | $902.4M | ||
| Q1 25 | $879.8M | $740.9M | ||
| Q4 24 | $831.1M | $1.3B | ||
| Q3 24 | $763.8M | $1.1B | ||
| Q2 24 | $693.5M | $1.2B | ||
| Q1 24 | $789.8M | $939.4M |
净利润PSTGTPH
| Q4 25 | $54.8M | $60.2M | ||
| Q3 25 | $47.1M | $56.1M | ||
| Q2 25 | $-14.0M | $60.7M | ||
| Q1 25 | $42.4M | $64.0M | ||
| Q4 24 | $63.6M | $129.2M | ||
| Q3 24 | $35.7M | $111.8M | ||
| Q2 24 | $-35.0M | $118.0M | ||
| Q1 24 | $65.4M | $99.1M |
毛利率PSTGTPH
| Q4 25 | 72.3% | — | ||
| Q3 25 | 70.2% | — | ||
| Q2 25 | 68.9% | — | ||
| Q1 25 | 67.5% | — | ||
| Q4 24 | 70.1% | — | ||
| Q3 24 | 70.7% | — | ||
| Q2 24 | 71.5% | — | ||
| Q1 24 | 72.0% | — |
营业利润率PSTGTPH
| Q4 25 | 5.6% | 8.1% | ||
| Q3 25 | 0.6% | 8.1% | ||
| Q2 25 | -4.0% | 8.5% | ||
| Q1 25 | 4.8% | 10.4% | ||
| Q4 24 | 7.2% | 13.4% | ||
| Q3 24 | 3.3% | 12.6% | ||
| Q2 24 | -6.0% | 12.9% | ||
| Q1 24 | 7.3% | 12.3% |
净利率PSTGTPH
| Q4 25 | 5.7% | 6.2% | ||
| Q3 25 | 5.5% | 6.6% | ||
| Q2 25 | -1.8% | 6.7% | ||
| Q1 25 | 4.8% | 8.6% | ||
| Q4 24 | 7.7% | 10.3% | ||
| Q3 24 | 4.7% | 9.8% | ||
| Q2 24 | -5.0% | 10.2% | ||
| Q1 24 | 8.3% | 10.5% |
每股收益（稀释后）PSTGTPH
| Q4 25 | $0.16 | $0.70 | ||
| Q3 25 | $0.14 | $0.64 | ||
| Q2 25 | $-0.04 | $0.68 | ||
| Q1 25 | $0.13 | $0.70 | ||
| Q4 24 | $0.19 | $1.37 | ||
| Q3 24 | $0.10 | $1.18 | ||
| Q2 24 | $-0.11 | $1.25 | ||
| Q1 24 | $0.22 | $1.03 |
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 | $852.8M | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.4B | $3.3B |
| 总资产 | $4.2B | $5.0B |
| 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PSTGTPH
| Q4 25 | $852.8M | $982.8M | ||
| Q3 25 | $887.8M | $792.0M | ||
| Q2 25 | $739.3M | $622.6M | ||
| Q1 25 | $723.6M | $812.9M | ||
| Q4 24 | $894.6M | $970.0M | ||
| Q3 24 | $965.0M | $676.0M | ||
| Q2 24 | $900.6M | $492.9M | ||
| Q1 24 | $702.5M | $944.0M |
总债务PSTGTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PSTGTPH
| Q4 25 | $1.4B | $3.3B | ||
| Q3 25 | $1.3B | $3.3B | ||
| Q2 25 | $1.2B | $3.3B | ||
| Q1 25 | $1.3B | $3.3B | ||
| Q4 24 | $1.4B | $3.3B | ||
| Q3 24 | $1.5B | $3.2B | ||
| Q2 24 | $1.4B | $3.1B | ||
| Q1 24 | $1.3B | $3.0B |
总资产PSTGTPH
| Q4 25 | $4.2B | $5.0B | ||
| Q3 25 | $4.0B | $5.0B | ||
| Q2 25 | $3.8B | $4.8B | ||
| Q1 25 | $4.0B | $4.8B | ||
| Q4 24 | $3.9B | $4.9B | ||
| Q3 24 | $3.8B | $4.8B | ||
| Q2 24 | $3.6B | $4.6B | ||
| Q1 24 | $3.7B | $5.0B |
负债/权益比PSTGTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $116.0M | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $52.6M | $213.2M |
| 自由现金流率自由现金流/营收 | 5.5% | 21.9% |
| 资本支出强度资本支出/营收 | 6.6% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.12× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $566.7M | $128.5M |
8季度趋势，按日历期对齐
经营现金流PSTGTPH
| Q4 25 | $116.0M | $221.0M | ||
| Q3 25 | $212.2M | $45.9M | ||
| Q2 25 | $283.9M | $-74.3M | ||
| Q1 25 | $208.5M | $-31.2M | ||
| Q4 24 | $97.0M | $360.3M | ||
| Q3 24 | $226.6M | $167.9M | ||
| Q2 24 | $221.5M | $23.1M | ||
| Q1 24 | $244.4M | $144.7M |
自由现金流PSTGTPH
| Q4 25 | $52.6M | $213.2M | ||
| Q3 25 | $150.1M | $39.1M | ||
| Q2 25 | $211.6M | $-84.5M | ||
| Q1 25 | $152.4M | $-39.3M | ||
| Q4 24 | $35.2M | $355.9M | ||
| Q3 24 | $166.6M | $161.5M | ||
| Q2 24 | $172.7M | $17.0M | ||
| Q1 24 | $200.9M | $138.3M |
自由现金流率PSTGTPH
| Q4 25 | 5.5% | 21.9% | ||
| Q3 25 | 17.4% | 4.6% | ||
| Q2 25 | 27.2% | -9.4% | ||
| Q1 25 | 17.3% | -5.3% | ||
| Q4 24 | 4.2% | 28.4% | ||
| Q3 24 | 21.8% | 14.1% | ||
| Q2 24 | 24.9% | 1.5% | ||
| Q1 24 | 25.4% | 14.7% |
资本支出强度PSTGTPH
| Q4 25 | 6.6% | 0.8% | ||
| Q3 25 | 7.2% | 0.8% | ||
| Q2 25 | 9.3% | 1.1% | ||
| Q1 25 | 6.4% | 1.1% | ||
| Q4 24 | 7.4% | 0.3% | ||
| Q3 24 | 7.9% | 0.6% | ||
| Q2 24 | 7.0% | 0.5% | ||
| Q1 24 | 5.5% | 0.7% |
现金转化率PSTGTPH
| Q4 25 | 2.12× | 3.67× | ||
| Q3 25 | 4.50× | 0.82× | ||
| Q2 25 | — | -1.22× | ||
| Q1 25 | 4.91× | -0.49× | ||
| Q4 24 | 1.52× | 2.79× | ||
| Q3 24 | 6.35× | 1.50× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | 3.74× | 1.46× |
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
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
