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怡安集团（RYAN）与Taylor Morrison Home Corp（TMHC）财务数据对比。点击上方公司名可切换其他公司
Taylor Morrison Home Corp的季度营收约是怡安集团的1.9倍（$1.4B vs $738.0M），Taylor Morrison Home Corp净利率更高（7.1% vs 1.1%，领先6.0%），怡安集团同比增速更快（13.6% vs -26.8%），过去两年怡安集团的营收复合增速更高（17.1% vs -16.5%）
怡安集团是一家业务横跨英美两国的专业服务企业，目前主要开展两大板块业务：风险资本板块提供风险管理、保险及再保险领域的经纪与咨询服务；人力资本板块则提供健康保险、退休计划、养老金计划与人才咨询相关服务。
泰勒莫里森住房公司是美国规模最大的住宅建筑商之一，总部位于亚利桑那州斯科茨代尔，2007年7月由泰勒伍德罗与莫里森住房合并成立。公司业务覆盖亚利桑那、加利福尼亚、得克萨斯等十余个州，产品涵盖首次置业、中端及中高端住宅，可满足不同层级客户的住房需求。
RYAN vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.9倍
$738.0M
营收增速更快
RYAN
高出40.5%
-26.8%
净利率更高
TMHC
高出6.0%
1.1%
两年增速更快
RYAN
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $738.0M | $1.4B |
| 净利润 | $8.0M | $98.6M |
| 毛利率 | — | 21.0% |
| 营业利润率 | 12.4% | — |
| 净利率 | 1.1% | 7.1% |
| 营收同比 | 13.6% | -26.8% |
| 净利润同比 | -42.0% | -53.8% |
| 每股收益（稀释后） | — | $1.12 |
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RYANTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $738.0M | $2.1B | ||
| Q3 25 | $739.6M | $2.1B | ||
| Q2 25 | $840.9M | $2.0B | ||
| Q1 25 | $676.1M | $1.9B | ||
| Q4 24 | $649.4M | $2.4B | ||
| Q3 24 | $588.1M | $2.1B | ||
| Q2 24 | $680.2M | $2.0B |
净利润RYANTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | $8.0M | $174.0M | ||
| Q3 25 | $31.1M | $201.4M | ||
| Q2 25 | $52.0M | $193.6M | ||
| Q1 25 | $-27.6M | $213.5M | ||
| Q4 24 | $13.8M | $242.5M | ||
| Q3 24 | $17.6M | $251.1M | ||
| Q2 24 | $46.8M | $199.5M |
毛利率RYANTMHC
| Q1 26 | — | 21.0% | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | — | 24.4% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 25.0% | ||
| Q2 24 | — | 23.7% |
营业利润率RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | 12.4% | — | ||
| Q3 25 | 15.0% | — | ||
| Q2 25 | 22.7% | — | ||
| Q1 25 | 14.8% | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 13.9% | — | ||
| Q2 24 | 24.2% | — |
净利率RYANTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | 1.1% | 8.3% | ||
| Q3 25 | 4.2% | 9.6% | ||
| Q2 25 | 6.2% | 9.5% | ||
| Q1 25 | -4.1% | 11.3% | ||
| Q4 24 | 2.1% | 10.3% | ||
| Q3 24 | 3.0% | 11.8% | ||
| Q2 24 | 6.9% | 10.0% |
每股收益（稀释后）RYANTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | — | $1.77 | ||
| Q3 25 | — | $2.01 | ||
| Q2 25 | — | $1.92 | ||
| Q1 25 | — | $2.07 | ||
| Q4 24 | — | $2.29 | ||
| Q3 24 | — | $2.37 | ||
| Q2 24 | — | $1.86 |
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 | $158.3M | $652.9M |
| 总债务越低越好 | $3.3B | — |
| 股东权益账面价值 | $648.1M | $6.2B |
| 总资产 | $10.6B | $9.8B |
| 负债/权益比越低杠杆越低 | 5.16× | — |
8季度趋势，按日历期对齐
现金及短期投资RYANTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $158.3M | $850.0M | ||
| Q3 25 | $153.5M | $370.6M | ||
| Q2 25 | $172.6M | $130.2M | ||
| Q1 25 | $203.5M | $377.8M | ||
| Q4 24 | $540.2M | $487.2M | ||
| Q3 24 | $235.2M | $256.4M | ||
| Q2 24 | $1.7B | $246.8M |
总债务RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | $3.3B | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益RYANTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $648.1M | $6.3B | ||
| Q3 25 | $630.5M | $6.2B | ||
| Q2 25 | $610.1M | $6.1B | ||
| Q1 25 | $542.5M | $6.0B | ||
| Q4 24 | $627.7M | $5.9B | ||
| Q3 24 | $632.8M | $5.7B | ||
| Q2 24 | $605.9M | $5.5B |
总资产RYANTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $10.6B | $9.8B | ||
| Q3 25 | $9.9B | $9.6B | ||
| Q2 25 | $10.6B | $9.5B | ||
| Q1 25 | $9.9B | $9.4B | ||
| Q4 24 | $9.6B | $9.3B | ||
| Q3 24 | $8.5B | $9.3B | ||
| Q2 24 | $8.3B | $9.1B |
负债/权益比RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | 5.16× | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | 5.22× | 0.36× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.39× |
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 | $263.2M | — |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | 32.99× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | $263.2M | $646.4M | ||
| Q3 25 | $169.7M | $219.6M | ||
| Q2 25 | $353.6M | $-126.0M | ||
| Q1 25 | $-142.8M | $77.2M | ||
| Q4 24 | $259.6M | $438.2M | ||
| Q3 24 | $100.9M | $135.9M | ||
| Q2 24 | $270.8M | $-233.3M |
自由现金流RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | $635.3M | ||
| Q3 25 | $167.3M | $206.6M | ||
| Q2 25 | — | $-133.6M | ||
| Q1 25 | $-143.5M | $68.7M | ||
| Q4 24 | — | $428.2M | ||
| Q3 24 | — | $127.1M | ||
| Q2 24 | — | $-241.7M |
自由现金流率RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 30.3% | ||
| Q3 25 | 22.6% | 9.9% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | -21.2% | 3.6% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | -12.1% |
资本支出强度RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.0% | 0.4% | ||
| Q1 25 | 0.1% | 0.4% | ||
| Q4 24 | 0.0% | 0.4% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 0.4% |
现金转化率RYANTMHC
| Q1 26 | — | — | ||
| Q4 25 | 32.99× | 3.71× | ||
| Q3 25 | 5.46× | 1.09× | ||
| Q2 25 | 6.80× | -0.65× | ||
| Q1 25 | — | 0.36× | ||
| Q4 24 | 18.88× | 1.81× | ||
| Q3 24 | 5.74× | 0.54× | ||
| Q2 24 | 5.79× | -1.17× |
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
RYAN
| Wholesale Brokerage | $385.7M | 52% |
| Underwriting Management | $268.3M | 36% |
| Binding Authorities | $84.0M | 11% |
TMHC
| Home closings revenue, net | $1.3B | 95% |
| Financial services revenue, net | $49.3M | 4% |
| Land closings revenue | $14.5M | 1% |
| Amenity and other revenue | $11.9M | 1% |
