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Taylor Morrison Home Corp（TMHC）与Toast, Inc.（TOST）财务数据对比。点击上方公司名可切换其他公司
Toast, Inc.的季度营收约是Taylor Morrison Home Corp的1.2倍（$1.6B vs $1.4B），Taylor Morrison Home Corp净利率更高（7.1% vs 6.2%，领先0.9%），Toast, Inc.同比增速更快（22.0% vs -26.8%），过去两年Toast, Inc.的营收复合增速更高（23.3% vs -16.5%）
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。
Toast, Inc.是总部位于美国马萨诸塞州波士顿的云餐饮管理软件企业，主打基于安卓操作系统研发的一体化销售点（POS）系统，可为餐饮商家提供涵盖收银、订单管理等在内的全场景门店经营解决方案。
TMHC vs TOST — 直观对比
营收规模更大
TOST
是对方的1.2倍
$1.4B
营收增速更快
TOST
高出48.9%
-26.8%
净利率更高
TMHC
高出0.9%
6.2%
两年增速更快
TOST
近两年复合增速
-16.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.6B |
| 净利润 | $98.6M | $101.0M |
| 毛利率 | 21.0% | 25.9% |
| 营业利润率 | — | 5.2% |
| 净利率 | 7.1% | 6.2% |
| 营收同比 | -26.8% | 22.0% |
| 净利润同比 | -53.8% | 215.6% |
| 每股收益（稀释后） | $1.12 | $0.18 |
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TMHCTOST
| Q1 26 | $1.4B | — | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.1B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.0B | $1.2B |
净利润TMHCTOST
| Q1 26 | $98.6M | — | ||
| Q4 25 | $174.0M | $101.0M | ||
| Q3 25 | $201.4M | $105.0M | ||
| Q2 25 | $193.6M | $80.0M | ||
| Q1 25 | $213.5M | $56.0M | ||
| Q4 24 | $242.5M | $32.0M | ||
| Q3 24 | $251.1M | $56.0M | ||
| Q2 24 | $199.5M | $14.0M |
毛利率TMHCTOST
| Q1 26 | 21.0% | — | ||
| Q4 25 | 22.0% | 25.9% | ||
| Q3 25 | 22.7% | 26.5% | ||
| Q2 25 | 23.0% | 25.3% | ||
| Q1 25 | 24.4% | 25.9% | ||
| Q4 24 | 23.9% | 24.9% | ||
| Q3 24 | 25.0% | 24.7% | ||
| Q2 24 | 23.7% | 23.0% |
营业利润率TMHCTOST
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 0.4% |
净利率TMHCTOST
| Q1 26 | 7.1% | — | ||
| Q4 25 | 8.3% | 6.2% | ||
| Q3 25 | 9.6% | 6.4% | ||
| Q2 25 | 9.5% | 5.2% | ||
| Q1 25 | 11.3% | 4.2% | ||
| Q4 24 | 10.3% | 2.4% | ||
| Q3 24 | 11.8% | 4.3% | ||
| Q2 24 | 10.0% | 1.1% |
每股收益（稀释后）TMHCTOST
| Q1 26 | $1.12 | — | ||
| Q4 25 | $1.77 | $0.18 | ||
| Q3 25 | $2.01 | $0.16 | ||
| Q2 25 | $1.92 | $0.13 | ||
| Q1 25 | $2.07 | $0.09 | ||
| Q4 24 | $2.29 | $0.09 | ||
| Q3 24 | $2.37 | $0.07 | ||
| Q2 24 | $1.86 | $0.02 |
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 | $652.9M | $1.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $2.1B |
| 总资产 | $9.8B | $3.1B |
| 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TMHCTOST
| Q1 26 | $652.9M | — | ||
| Q4 25 | $850.0M | $1.4B | ||
| Q3 25 | $370.6M | $1.4B | ||
| Q2 25 | $130.2M | $1.2B | ||
| Q1 25 | $377.8M | $1.0B | ||
| Q4 24 | $487.2M | $903.0M | ||
| Q3 24 | $256.4M | $761.0M | ||
| Q2 24 | $246.8M | $691.0M |
总债务TMHCTOST
| 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TMHCTOST
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.3B | $2.1B | ||
| Q3 25 | $6.2B | $2.0B | ||
| Q2 25 | $6.1B | $1.8B | ||
| Q1 25 | $6.0B | $1.7B | ||
| Q4 24 | $5.9B | $1.5B | ||
| Q3 24 | $5.7B | $1.4B | ||
| Q2 24 | $5.5B | $1.3B |
总资产TMHCTOST
| Q1 26 | $9.8B | — | ||
| Q4 25 | $9.8B | $3.1B | ||
| Q3 25 | $9.6B | $3.0B | ||
| Q2 25 | $9.5B | $2.8B | ||
| Q1 25 | $9.4B | $2.6B | ||
| Q4 24 | $9.3B | $2.4B | ||
| Q3 24 | $9.3B | $2.2B | ||
| Q2 24 | $9.1B | $2.2B |
负债/权益比TMHCTOST
| 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 | — | $194.0M |
| 自由现金流经营现金流 - 资本支出 | — | $178.0M |
| 自由现金流率自由现金流/营收 | — | 10.9% |
| 资本支出强度资本支出/营收 | — | 1.0% |
| 现金转化率经营现金流/净利润 | — | 1.92× |
| 过去12个月自由现金流最近4个季度 | — | $608.0M |
8季度趋势，按日历期对齐
经营现金流TMHCTOST
| Q1 26 | — | — | ||
| Q4 25 | $646.4M | $194.0M | ||
| Q3 25 | $219.6M | $165.0M | ||
| Q2 25 | $-126.0M | $223.0M | ||
| Q1 25 | $77.2M | $79.0M | ||
| Q4 24 | $438.2M | $147.0M | ||
| Q3 24 | $135.9M | $109.0M | ||
| Q2 24 | $-233.3M | $124.0M |
自由现金流TMHCTOST
| Q1 26 | — | — | ||
| Q4 25 | $635.3M | $178.0M | ||
| Q3 25 | $206.6M | $153.0M | ||
| Q2 25 | $-133.6M | $208.0M | ||
| Q1 25 | $68.7M | $69.0M | ||
| Q4 24 | $428.2M | $134.0M | ||
| Q3 24 | $127.1M | $97.0M | ||
| Q2 24 | $-241.7M | $108.0M |
自由现金流率TMHCTOST
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 10.9% | ||
| Q3 25 | 9.9% | 9.4% | ||
| Q2 25 | -6.6% | 13.4% | ||
| Q1 25 | 3.6% | 5.2% | ||
| Q4 24 | 18.2% | 10.0% | ||
| Q3 24 | 6.0% | 7.4% | ||
| Q2 24 | -12.1% | 8.7% |
资本支出强度TMHCTOST
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.0% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 0.4% | 0.7% | ||
| Q4 24 | 0.4% | 1.0% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.4% | 1.3% |
现金转化率TMHCTOST
| Q1 26 | — | — | ||
| Q4 25 | 3.71× | 1.92× | ||
| Q3 25 | 1.09× | 1.57× | ||
| Q2 25 | -0.65× | 2.79× | ||
| Q1 25 | 0.36× | 1.41× | ||
| Q4 24 | 1.81× | 4.59× | ||
| Q3 24 | 0.54× | 1.95× | ||
| Q2 24 | -1.17× | 8.86× |
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
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% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
