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RH（RH）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RH的1.1倍（$972.6M vs $883.8M），Tri Pointe Homes, Inc.净利率更高（6.2% vs 4.1%，领先2.1%），RH同比增速更快（8.9% vs -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $83.0M），过去两年RH的营收复合增速更高（9.4% vs 1.8%）
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
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。
RH vs TPH — 直观对比
营收规模更大
TPH
是对方的1.1倍
$883.8M
营收增速更快
RH
高出31.3%
-22.4%
净利率更高
TPH
高出2.1%
4.1%
自由现金流更多
TPH
多$130.1M
$83.0M
两年增速更快
RH
近两年复合增速
1.8%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $972.6M |
| 净利润 | $36.3M | $60.2M |
| 毛利率 | 44.1% | — |
| 营业利润率 | 12.0% | 8.1% |
| 净利率 | 4.1% | 6.2% |
| 营收同比 | 8.9% | -22.4% |
| 净利润同比 | 9.3% | -53.4% |
| 每股收益（稀释后） | $1.83 | $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RHTPH
| Q4 25 | $883.8M | $972.6M | ||
| Q3 25 | $899.2M | $854.7M | ||
| Q2 25 | $814.0M | $902.4M | ||
| Q1 25 | $812.4M | $740.9M | ||
| Q4 24 | $811.7M | $1.3B | ||
| Q3 24 | $829.7M | $1.1B | ||
| Q2 24 | $727.0M | $1.2B | ||
| Q1 24 | $738.3M | $939.4M |
净利润RHTPH
| Q4 25 | $36.3M | $60.2M | ||
| Q3 25 | $51.7M | $56.1M | ||
| Q2 25 | $8.0M | $60.7M | ||
| Q1 25 | $13.9M | $64.0M | ||
| Q4 24 | $33.2M | $129.2M | ||
| Q3 24 | $29.0M | $111.8M | ||
| Q2 24 | $-3.6M | $118.0M | ||
| Q1 24 | $11.4M | $99.1M |
毛利率RHTPH
| Q4 25 | 44.1% | — | ||
| Q3 25 | 45.5% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.5% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 43.5% | — | ||
| Q1 24 | 43.5% | — |
营业利润率RHTPH
| Q4 25 | 12.0% | 8.1% | ||
| Q3 25 | 14.3% | 8.1% | ||
| Q2 25 | 6.9% | 8.5% | ||
| Q1 25 | 8.7% | 10.4% | ||
| Q4 24 | 12.5% | 13.4% | ||
| Q3 24 | 11.6% | 12.6% | ||
| Q2 24 | 7.5% | 12.9% | ||
| Q1 24 | 8.7% | 12.3% |
净利率RHTPH
| Q4 25 | 4.1% | 6.2% | ||
| Q3 25 | 5.8% | 6.6% | ||
| Q2 25 | 1.0% | 6.7% | ||
| Q1 25 | 1.7% | 8.6% | ||
| Q4 24 | 4.1% | 10.3% | ||
| Q3 24 | 3.5% | 9.8% | ||
| Q2 24 | -0.5% | 10.2% | ||
| Q1 24 | 1.5% | 10.5% |
每股收益（稀释后）RHTPH
| Q4 25 | $1.83 | $0.70 | ||
| Q3 25 | $2.62 | $0.64 | ||
| Q2 25 | $0.40 | $0.68 | ||
| Q1 25 | $0.71 | $0.70 | ||
| Q4 24 | $1.66 | $1.37 | ||
| Q3 24 | $1.45 | $1.18 | ||
| Q2 24 | $-0.20 | $1.25 | ||
| Q1 24 | $0.91 | $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 | $43.1M | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | $3.3B |
| 总资产 | $4.8B | $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RHTPH
| Q4 25 | $43.1M | $982.8M | ||
| Q3 25 | $34.6M | $792.0M | ||
| Q2 25 | $46.1M | $622.6M | ||
| Q1 25 | $30.4M | $812.9M | ||
| Q4 24 | $87.0M | $970.0M | ||
| Q3 24 | $78.3M | $676.0M | ||
| Q2 24 | $101.8M | $492.9M | ||
| Q1 24 | $123.7M | $944.0M |
总债务RHTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RHTPH
| Q4 25 | $3.3M | $3.3B | ||
| Q3 25 | $-40.9M | $3.3B | ||
| Q2 25 | $-110.8M | $3.3B | ||
| Q1 25 | $-163.6M | $3.3B | ||
| Q4 24 | $-183.0M | $3.3B | ||
| Q3 24 | $-234.7M | $3.2B | ||
| Q2 24 | $-289.9M | $3.1B | ||
| Q1 24 | $-297.4M | $3.0B |
总资产RHTPH
| Q4 25 | $4.8B | $5.0B | ||
| Q3 25 | $4.7B | $5.0B | ||
| Q2 25 | $4.7B | $4.8B | ||
| Q1 25 | $4.6B | $4.8B | ||
| Q4 24 | $4.5B | $4.9B | ||
| Q3 24 | $4.4B | $4.8B | ||
| Q2 24 | $4.2B | $4.6B | ||
| Q1 24 | $4.1B | $5.0B |
负债/权益比RHTPH
| 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 | $131.9M | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $213.2M |
| 自由现金流率自由现金流/营收 | 9.4% | 21.9% |
| 资本支出强度资本支出/营收 | 5.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 3.64× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $128.1M | $128.5M |
8季度趋势，按日历期对齐
经营现金流RHTPH
| Q4 25 | $131.9M | $221.0M | ||
| Q3 25 | $137.7M | $45.9M | ||
| Q2 25 | $86.6M | $-74.3M | ||
| Q1 25 | $-18.8M | $-31.2M | ||
| Q4 24 | $-31.4M | $360.3M | ||
| Q3 24 | $11.2M | $167.9M | ||
| Q2 24 | $56.1M | $23.1M | ||
| Q1 24 | $-114.0M | $144.7M |
自由现金流RHTPH
| Q4 25 | $83.0M | $213.2M | ||
| Q3 25 | $80.7M | $39.1M | ||
| Q2 25 | $34.1M | $-84.5M | ||
| Q1 25 | $-69.7M | $-39.3M | ||
| Q4 24 | $-96.0M | $355.9M | ||
| Q3 24 | $-37.9M | $161.5M | ||
| Q2 24 | $-10.1M | $17.0M | ||
| Q1 24 | $-251.5M | $138.3M |
自由现金流率RHTPH
| Q4 25 | 9.4% | 21.9% | ||
| Q3 25 | 9.0% | 4.6% | ||
| Q2 25 | 4.2% | -9.4% | ||
| Q1 25 | -8.6% | -5.3% | ||
| Q4 24 | -11.8% | 28.4% | ||
| Q3 24 | -4.6% | 14.1% | ||
| Q2 24 | -1.4% | 1.5% | ||
| Q1 24 | -34.1% | 14.7% |
资本支出强度RHTPH
| Q4 25 | 5.5% | 0.8% | ||
| Q3 25 | 6.3% | 0.8% | ||
| Q2 25 | 6.5% | 1.1% | ||
| Q1 25 | 6.3% | 1.1% | ||
| Q4 24 | 8.0% | 0.3% | ||
| Q3 24 | 5.9% | 0.6% | ||
| Q2 24 | 9.1% | 0.5% | ||
| Q1 24 | 18.6% | 0.7% |
现金转化率RHTPH
| Q4 25 | 3.64× | 3.67× | ||
| Q3 25 | 2.66× | 0.82× | ||
| Q2 25 | 10.78× | -1.22× | ||
| Q1 25 | -1.35× | -0.49× | ||
| Q4 24 | -0.95× | 2.79× | ||
| Q3 24 | 0.39× | 1.50× | ||
| Q2 24 | — | 0.20× | ||
| Q1 24 | -10.01× | 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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
