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思佳讯（SWKS）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的季度营收约是思佳讯的1.3倍（$1.4B vs $1.0B），思佳讯净利率更高（7.6% vs 7.1%，领先0.5%），思佳讯同比增速更快（8.6% vs -26.8%），过去两年思佳讯的营收复合增速更高（-0.5% vs -16.5%）
思佳讯是总部位于美国加利福尼亚州尔湾的半导体企业，公司股票在纳斯达克全球精选市场挂牌交易，股票代码为SWKS，同时也是标普500指数的成分股之一，在全球射频半导体领域拥有较高市场地位。
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。
SWKS vs TMHC — 直观对比
营收规模更大
TMHC
是对方的1.3倍
$1.0B
营收增速更快
SWKS
高出35.5%
-26.8%
净利率更高
SWKS
高出0.5%
7.1%
两年增速更快
SWKS
近两年复合增速
-16.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.4B |
| 净利润 | $79.2M | $98.6M |
| 毛利率 | 41.3% | 21.0% |
| 营业利润率 | 10.0% | — |
| 净利率 | 7.6% | 7.1% |
| 营收同比 | 8.6% | -26.8% |
| 净利润同比 | 15.3% | -53.8% |
| 每股收益（稀释后） | $0.53 | $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SWKSTMHC
| Q1 26 | $1.0B | $1.4B | ||
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $965.0M | $2.0B | ||
| Q1 25 | $953.2M | $1.9B | ||
| Q4 24 | $1.1B | $2.4B | ||
| Q3 24 | $1.0B | $2.1B | ||
| Q2 24 | $905.5M | $2.0B |
净利润SWKSTMHC
| Q1 26 | $79.2M | $98.6M | ||
| Q4 25 | $141.4M | $174.0M | ||
| Q3 25 | — | $201.4M | ||
| Q2 25 | $105.0M | $193.6M | ||
| Q1 25 | $68.7M | $213.5M | ||
| Q4 24 | $162.0M | $242.5M | ||
| Q3 24 | $60.5M | $251.1M | ||
| Q2 24 | $120.9M | $199.5M |
毛利率SWKSTMHC
| Q1 26 | 41.3% | 21.0% | ||
| Q4 25 | 40.7% | 22.0% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | 41.6% | 23.0% | ||
| Q1 25 | 41.1% | 24.4% | ||
| Q4 24 | 41.4% | 23.9% | ||
| Q3 24 | 41.9% | 25.0% | ||
| Q2 24 | 40.2% | 23.7% |
营业利润率SWKSTMHC
| Q1 26 | 10.0% | — | ||
| Q4 25 | 10.1% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 10.2% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 14.4% | — |
净利率SWKSTMHC
| Q1 26 | 7.6% | 7.1% | ||
| Q4 25 | 12.9% | 8.3% | ||
| Q3 25 | — | 9.6% | ||
| Q2 25 | 10.9% | 9.5% | ||
| Q1 25 | 7.2% | 11.3% | ||
| Q4 24 | 15.2% | 10.3% | ||
| Q3 24 | 5.9% | 11.8% | ||
| Q2 24 | 13.4% | 10.0% |
每股收益（稀释后）SWKSTMHC
| Q1 26 | $0.53 | $1.12 | ||
| Q4 25 | $0.95 | $1.77 | ||
| Q3 25 | — | $2.01 | ||
| Q2 25 | $0.70 | $1.92 | ||
| Q1 25 | $0.43 | $2.07 | ||
| Q4 24 | $1.00 | $2.29 | ||
| Q3 24 | $0.36 | $2.37 | ||
| Q2 24 | $0.75 | $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 | $1.6B | $652.9M |
| 总债务越低越好 | $496.6M | — |
| 股东权益账面价值 | $5.8B | $6.2B |
| 总资产 | $7.9B | $9.8B |
| 负债/权益比越低杠杆越低 | 0.09× | — |
8季度趋势，按日历期对齐
现金及短期投资SWKSTMHC
| Q1 26 | $1.6B | $652.9M | ||
| Q4 25 | $1.4B | $850.0M | ||
| Q3 25 | — | $370.6M | ||
| Q2 25 | $1.3B | $130.2M | ||
| Q1 25 | $1.5B | $377.8M | ||
| Q4 24 | $1.7B | $487.2M | ||
| Q3 24 | $1.6B | $256.4M | ||
| Q2 24 | $1.3B | $246.8M |
总债务SWKSTMHC
| Q1 26 | $496.6M | — | ||
| Q4 25 | $496.4M | $2.3B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | $496.2M | $2.1B | ||
| Q1 25 | $995.1M | $2.1B | ||
| Q4 24 | $994.7M | $2.1B | ||
| Q3 24 | $994.3M | $2.1B | ||
| Q2 24 | $994.0M | $2.2B |
股东权益SWKSTMHC
| Q1 26 | $5.8B | $6.2B | ||
| Q4 25 | $5.8B | $6.3B | ||
| Q3 25 | — | $6.2B | ||
| Q2 25 | $5.7B | $6.1B | ||
| Q1 25 | $5.9B | $6.0B | ||
| Q4 24 | $6.4B | $5.9B | ||
| Q3 24 | $6.3B | $5.7B | ||
| Q2 24 | $6.3B | $5.5B |
总资产SWKSTMHC
| Q1 26 | $7.9B | $9.8B | ||
| Q4 25 | $7.9B | $9.8B | ||
| Q3 25 | — | $9.6B | ||
| Q2 25 | $7.7B | $9.5B | ||
| Q1 25 | $7.9B | $9.4B | ||
| Q4 24 | $8.3B | $9.3B | ||
| Q3 24 | $8.3B | $9.3B | ||
| Q2 24 | $8.2B | $9.1B |
负债/权益比SWKSTMHC
| Q1 26 | 0.09× | — | ||
| Q4 25 | 0.09× | 0.36× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | 0.09× | 0.35× | ||
| Q1 25 | 0.17× | 0.35× | ||
| Q4 24 | 0.16× | 0.36× | ||
| Q3 24 | 0.16× | 0.37× | ||
| Q2 24 | 0.16× | 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 | $395.5M | — |
| 自由现金流经营现金流 - 资本支出 | $339.0M | — |
| 自由现金流率自由现金流/营收 | 32.7% | — |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 现金转化率经营现金流/净利润 | 4.99× | — |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流SWKSTMHC
| Q1 26 | $395.5M | — | ||
| Q4 25 | $200.0M | $646.4M | ||
| Q3 25 | — | $219.6M | ||
| Q2 25 | $314.2M | $-126.0M | ||
| Q1 25 | $409.4M | $77.2M | ||
| Q4 24 | $377.2M | $438.2M | ||
| Q3 24 | $476.1M | $135.9M | ||
| Q2 24 | $273.4M | $-233.3M |
自由现金流SWKSTMHC
| Q1 26 | $339.0M | — | ||
| Q4 25 | $144.0M | $635.3M | ||
| Q3 25 | — | $206.6M | ||
| Q2 25 | $252.7M | $-133.6M | ||
| Q1 25 | $370.9M | $68.7M | ||
| Q4 24 | $338.2M | $428.2M | ||
| Q3 24 | $393.3M | $127.1M | ||
| Q2 24 | $249.0M | $-241.7M |
自由现金流率SWKSTMHC
| Q1 26 | 32.7% | — | ||
| Q4 25 | 13.1% | 30.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | 26.2% | -6.6% | ||
| Q1 25 | 38.9% | 3.6% | ||
| Q4 24 | 31.7% | 18.2% | ||
| Q3 24 | 38.4% | 6.0% | ||
| Q2 24 | 27.5% | -12.1% |
资本支出强度SWKSTMHC
| Q1 26 | 5.5% | — | ||
| Q4 25 | 5.1% | 0.5% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | 6.4% | 0.4% | ||
| Q1 25 | 4.0% | 0.4% | ||
| Q4 24 | 3.6% | 0.4% | ||
| Q3 24 | 8.1% | 0.4% | ||
| Q2 24 | 2.7% | 0.4% |
现金转化率SWKSTMHC
| Q1 26 | 4.99× | — | ||
| Q4 25 | 1.41× | 3.71× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | 2.99× | -0.65× | ||
| Q1 25 | 5.96× | 0.36× | ||
| Q4 24 | 2.33× | 1.81× | ||
| Q3 24 | 7.87× | 0.54× | ||
| Q2 24 | 2.26× | -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
SWKS
| Sales Channel Through Intermediary | $915.6M | 88% |
| Sales Channel Directly To Consumer | $119.8M | 12% |
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% |
