vs
null（SDHC）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null的3.7倍（$972.6M vs $260.4M），Tri Pointe Homes, Inc.净利率更高（6.2% vs 1.4%，领先4.8%），null同比增速更快（-9.4% vs -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $8.7M），过去两年null的营收复合增速更高（17.3% vs 1.8%）
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
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。
SDHC vs TPH — 直观对比
营收规模更大
TPH
是对方的3.7倍
$260.4M
营收增速更快
SDHC
高出13.0%
-22.4%
净利率更高
TPH
高出4.8%
1.4%
自由现金流更多
TPH
多$204.4M
$8.7M
两年增速更快
SDHC
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $260.4M | $972.6M |
| 净利润 | $3.5M | $60.2M |
| 毛利率 | 19.9% | — |
| 营业利润率 | 6.5% | 8.1% |
| 净利率 | 1.4% | 6.2% |
| 营收同比 | -9.4% | -22.4% |
| 净利润同比 | -14.3% | -53.4% |
| 每股收益（稀释后） | $0.39 | $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SDHCTPH
| Q4 25 | $260.4M | $972.6M | ||
| Q3 25 | $262.0M | $854.7M | ||
| Q2 25 | $223.9M | $902.4M | ||
| Q1 25 | $224.7M | $740.9M | ||
| Q4 24 | $287.5M | $1.3B | ||
| Q3 24 | $277.8M | $1.1B | ||
| Q2 24 | $220.9M | $1.2B | ||
| Q1 24 | $189.2M | $939.4M |
净利润SDHCTPH
| Q4 25 | $3.5M | $60.2M | ||
| Q3 25 | $2.1M | $56.1M | ||
| Q2 25 | $2.4M | $60.7M | ||
| Q1 25 | $2.7M | $64.0M | ||
| Q4 24 | $4.1M | $129.2M | ||
| Q3 24 | $5.3M | $111.8M | ||
| Q2 24 | $3.6M | $118.0M | ||
| Q1 24 | $3.0M | $99.1M |
毛利率SDHCTPH
| Q4 25 | 19.9% | — | ||
| Q3 25 | 21.0% | — | ||
| Q2 25 | 23.2% | — | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 25.5% | — | ||
| Q3 24 | 26.5% | — | ||
| Q2 24 | 26.7% | — | ||
| Q1 24 | 26.1% | — |
营业利润率SDHCTPH
| Q4 25 | 6.5% | 8.1% | ||
| Q3 25 | 6.6% | 8.1% | ||
| Q2 25 | 7.7% | 8.5% | ||
| Q1 25 | 8.7% | 10.4% | ||
| Q4 24 | 10.4% | 13.4% | ||
| Q3 24 | 14.2% | 12.6% | ||
| Q2 24 | 11.7% | 12.9% | ||
| Q1 24 | 11.3% | 12.3% |
净利率SDHCTPH
| Q4 25 | 1.4% | 6.2% | ||
| Q3 25 | 0.8% | 6.6% | ||
| Q2 25 | 1.1% | 6.7% | ||
| Q1 25 | 1.2% | 8.6% | ||
| Q4 24 | 1.4% | 10.3% | ||
| Q3 24 | 1.9% | 9.8% | ||
| Q2 24 | 1.7% | 10.2% | ||
| Q1 24 | 1.6% | 10.5% |
每股收益（稀释后）SDHCTPH
| Q4 25 | $0.39 | $0.70 | ||
| Q3 25 | $0.24 | $0.64 | ||
| Q2 25 | $0.26 | $0.68 | ||
| Q1 25 | $0.30 | $0.70 | ||
| Q4 24 | $0.50 | $1.37 | ||
| Q3 24 | $0.58 | $1.18 | ||
| Q2 24 | $0.40 | $1.25 | ||
| Q1 24 | $0.33 | $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 | $12.7M | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $86.7M | $3.3B |
| 总资产 | $557.6M | $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SDHCTPH
| Q4 25 | $12.7M | $982.8M | ||
| Q3 25 | $14.8M | $792.0M | ||
| Q2 25 | $16.8M | $622.6M | ||
| Q1 25 | $12.7M | $812.9M | ||
| Q4 24 | $22.4M | $970.0M | ||
| Q3 24 | $23.7M | $676.0M | ||
| Q2 24 | $17.3M | $492.9M | ||
| Q1 24 | $32.8M | $944.0M |
总债务SDHCTPH
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $646.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益SDHCTPH
| Q4 25 | $86.7M | $3.3B | ||
| Q3 25 | $82.2M | $3.3B | ||
| Q2 25 | $80.0M | $3.3B | ||
| Q1 25 | $76.9M | $3.3B | ||
| Q4 24 | $73.6M | $3.3B | ||
| Q3 24 | $68.4M | $3.2B | ||
| Q2 24 | $62.1M | $3.1B | ||
| Q1 24 | $59.7M | $3.0B |
总资产SDHCTPH
| Q4 25 | $557.6M | $5.0B | ||
| Q3 25 | $571.6M | $5.0B | ||
| Q2 25 | $570.2M | $4.8B | ||
| Q1 25 | $513.9M | $4.8B | ||
| Q4 24 | $475.9M | $4.9B | ||
| Q3 24 | $460.1M | $4.8B | ||
| Q2 24 | $429.3M | $4.6B | ||
| Q1 24 | $401.3M | $5.0B |
负债/权益比SDHCTPH
| 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 | $9.8M | $221.0M |
| 自由现金流经营现金流 - 资本支出 | $8.7M | $213.2M |
| 自由现金流率自由现金流/营收 | 3.4% | 21.9% |
| 资本支出强度资本支出/营收 | 0.4% | 0.8% |
| 现金转化率经营现金流/净利润 | 2.77× | 3.67× |
| 过去12个月自由现金流最近4个季度 | $-36.9M | $128.5M |
8季度趋势，按日历期对齐
经营现金流SDHCTPH
| Q4 25 | $9.8M | $221.0M | ||
| Q3 25 | $22.8M | $45.9M | ||
| Q2 25 | $-28.9M | $-74.3M | ||
| Q1 25 | $-34.9M | $-31.2M | ||
| Q4 24 | $5.5M | $360.3M | ||
| Q3 24 | $22.9M | $167.9M | ||
| Q2 24 | $39.0K | $23.1M | ||
| Q1 24 | $-9.3M | $144.7M |
自由现金流SDHCTPH
| Q4 25 | $8.7M | $213.2M | ||
| Q3 25 | $21.4M | $39.1M | ||
| Q2 25 | $-31.1M | $-84.5M | ||
| Q1 25 | $-35.9M | $-39.3M | ||
| Q4 24 | $4.8M | $355.9M | ||
| Q3 24 | $22.3M | $161.5M | ||
| Q2 24 | $-2.1M | $17.0M | ||
| Q1 24 | $-9.7M | $138.3M |
自由现金流率SDHCTPH
| Q4 25 | 3.4% | 21.9% | ||
| Q3 25 | 8.2% | 4.6% | ||
| Q2 25 | -13.9% | -9.4% | ||
| Q1 25 | -16.0% | -5.3% | ||
| Q4 24 | 1.7% | 28.4% | ||
| Q3 24 | 8.0% | 14.1% | ||
| Q2 24 | -1.0% | 1.5% | ||
| Q1 24 | -5.1% | 14.7% |
资本支出强度SDHCTPH
| Q4 25 | 0.4% | 0.8% | ||
| Q3 25 | 0.5% | 0.8% | ||
| Q2 25 | 0.9% | 1.1% | ||
| Q1 25 | 0.5% | 1.1% | ||
| Q4 24 | 0.2% | 0.3% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 1.0% | 0.5% | ||
| Q1 24 | 0.2% | 0.7% |
现金转化率SDHCTPH
| Q4 25 | 2.77× | 3.67× | ||
| Q3 25 | 10.70× | 0.82× | ||
| Q2 25 | -12.24× | -1.22× | ||
| Q1 25 | -13.01× | -0.49× | ||
| Q4 24 | 1.33× | 2.79× | ||
| Q3 24 | 4.28× | 1.50× | ||
| Q2 24 | 0.01× | 0.20× | ||
| Q1 24 | -3.12× | 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
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
