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SM Energy Co（SM）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SM Energy Co的2.0倍（$1.4B vs $704.9M），SM Energy Co同比增速更快（-17.3% vs -26.8%），过去两年SM Energy Co的营收复合增速更高（12.2% vs -16.5%）
SM能源公司是一家专注于油气勘探开发的能源企业，注册地位于美国特拉华州，总部设立在科罗拉多州丹佛市，业务围绕 hydrocarbon 资源的勘探布局，在能源勘探领域拥有成熟的运营经验。
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。
SM vs TMHC — 直观对比
营收规模更大
TMHC
是对方的2.0倍
$704.9M
营收增速更快
SM
高出9.6%
-26.8%
两年增速更快
SM
近两年复合增速
-16.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $704.9M | $1.4B |
| 净利润 | — | $98.6M |
| 毛利率 | — | 21.0% |
| 营业利润率 | 25.9% | — |
| 净利率 | — | 7.1% |
| 营收同比 | -17.3% | -26.8% |
| 净利润同比 | — | -53.8% |
| 每股收益（稀释后） | $0.94 | $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SMTMHC
| Q1 26 | — | $1.4B | ||
| Q4 25 | $704.9M | $2.1B | ||
| Q3 25 | $811.6M | $2.1B | ||
| Q2 25 | $792.9M | $2.0B | ||
| Q1 25 | $844.5M | $1.9B | ||
| Q4 24 | $852.0M | $2.4B | ||
| Q3 24 | $643.6M | $2.1B | ||
| Q2 24 | $634.6M | $2.0B |
净利润SMTMHC
| Q1 26 | — | $98.6M | ||
| Q4 25 | — | $174.0M | ||
| Q3 25 | $155.1M | $201.4M | ||
| Q2 25 | $201.7M | $193.6M | ||
| Q1 25 | $182.3M | $213.5M | ||
| Q4 24 | — | $242.5M | ||
| Q3 24 | $240.5M | $251.1M | ||
| Q2 24 | $210.3M | $199.5M |
毛利率SMTMHC
| 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SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | 25.9% | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 37.2% | — | ||
| Q1 25 | 32.7% | — | ||
| Q4 24 | 33.7% | — | ||
| Q3 24 | 51.4% | — | ||
| Q2 24 | 44.0% | — |
净利率SMTMHC
| Q1 26 | — | 7.1% | ||
| Q4 25 | — | 8.3% | ||
| Q3 25 | 19.1% | 9.6% | ||
| Q2 25 | 25.4% | 9.5% | ||
| Q1 25 | 21.6% | 11.3% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | 37.4% | 11.8% | ||
| Q2 24 | 33.1% | 10.0% |
每股收益（稀释后）SMTMHC
| Q1 26 | — | $1.12 | ||
| Q4 25 | $0.94 | $1.77 | ||
| Q3 25 | $1.35 | $2.01 | ||
| Q2 25 | $1.76 | $1.92 | ||
| Q1 25 | $1.59 | $2.07 | ||
| Q4 24 | $1.63 | $2.29 | ||
| Q3 24 | $2.09 | $2.37 | ||
| Q2 24 | $1.82 | $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 | $368.0M | $652.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.8B | $6.2B |
| 总资产 | $9.3B | $9.8B |
| 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SMTMHC
| Q1 26 | — | $652.9M | ||
| Q4 25 | $368.0M | $850.0M | ||
| Q3 25 | $162.3M | $370.6M | ||
| Q2 25 | $101.9M | $130.2M | ||
| Q1 25 | $54.0K | $377.8M | ||
| Q4 24 | — | $487.2M | ||
| Q3 24 | $1.7B | $256.4M | ||
| Q2 24 | $487.9M | $246.8M |
总债务SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.2B |
股东权益SMTMHC
| Q1 26 | — | $6.2B | ||
| Q4 25 | $4.8B | $6.3B | ||
| Q3 25 | $4.7B | $6.2B | ||
| Q2 25 | $4.6B | $6.1B | ||
| Q1 25 | $4.4B | $6.0B | ||
| Q4 24 | $4.2B | $5.9B | ||
| Q3 24 | $4.1B | $5.7B | ||
| Q2 24 | $3.8B | $5.5B |
总资产SMTMHC
| Q1 26 | — | $9.8B | ||
| Q4 25 | $9.3B | $9.8B | ||
| Q3 25 | $9.1B | $9.6B | ||
| Q2 25 | $9.0B | $9.5B | ||
| Q1 25 | $8.8B | $9.4B | ||
| Q4 24 | $8.6B | $9.3B | ||
| Q3 24 | $8.0B | $9.3B | ||
| Q2 24 | $6.7B | $9.1B |
负债/权益比SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 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 | $451.9M | — |
| 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 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | $451.9M | $646.4M | ||
| Q3 25 | $505.0M | $219.6M | ||
| Q2 25 | $571.1M | $-126.0M | ||
| Q1 25 | $483.0M | $77.2M | ||
| Q4 24 | $578.4M | $438.2M | ||
| Q3 24 | $452.3M | $135.9M | ||
| Q2 24 | $476.4M | $-233.3M |
自由现金流SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | $635.3M | ||
| Q3 25 | — | $206.6M | ||
| Q2 25 | — | $-133.6M | ||
| Q1 25 | — | $68.7M | ||
| Q4 24 | — | $428.2M | ||
| Q3 24 | — | $127.1M | ||
| Q2 24 | — | $-241.7M |
自由现金流率SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 30.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | -12.1% |
资本支出强度SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.4% |
现金转化率SMTMHC
| Q1 26 | — | — | ||
| Q4 25 | — | 3.71× | ||
| Q3 25 | 3.26× | 1.09× | ||
| Q2 25 | 2.83× | -0.65× | ||
| Q1 25 | 2.65× | 0.36× | ||
| Q4 24 | — | 1.81× | ||
| Q3 24 | 1.88× | 0.54× | ||
| Q2 24 | 2.27× | -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
SM
暂无分部数据
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% |
