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Taylor Morrison Home Corp（TMHC）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
Taylor Morrison Home Corp的季度营收约是Tri Pointe Homes, Inc.的1.4倍（$1.4B vs $972.6M）。Taylor Morrison Home Corp净利率更高（7.1% vs 6.2%，领先0.9%）。Tri Pointe Homes, Inc.同比增速更快（-22.4% vs -26.8%）。过去两年Tri Pointe Homes, Inc.的营收复合增速更高（1.8% 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。
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。
TMHC vs TPH — 直观对比
营收规模更大
TMHC
是对方的1.4倍
$972.6M
营收增速更快
TPH
高出4.4%
-26.8%
净利率更高
TMHC
高出0.9%
6.2%
两年增速更快
TPH
近两年复合增速
-16.5%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $972.6M |
| 净利润 | $98.6M | $60.2M |
| 毛利率 | 21.0% | — |
| 营业利润率 | — | 8.1% |
| 净利率 | 7.1% | 6.2% |
| 营收同比 | -26.8% | -22.4% |
| 净利润同比 | -53.8% | -53.4% |
| 每股收益（稀释后） | $1.12 | $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TMHCTPH
| Q1 26 | $1.4B | — | ||
| Q4 25 | $2.1B | $972.6M | ||
| Q3 25 | $2.1B | $854.7M | ||
| Q2 25 | $2.0B | $902.4M | ||
| Q1 25 | $1.9B | $740.9M | ||
| Q4 24 | $2.4B | $1.3B | ||
| Q3 24 | $2.1B | $1.1B | ||
| Q2 24 | $2.0B | $1.2B |
净利润TMHCTPH
| Q1 26 | $98.6M | — | ||
| Q4 25 | $174.0M | $60.2M | ||
| Q3 25 | $201.4M | $56.1M | ||
| Q2 25 | $193.6M | $60.7M | ||
| Q1 25 | $213.5M | $64.0M | ||
| Q4 24 | $242.5M | $129.2M | ||
| Q3 24 | $251.1M | $111.8M | ||
| Q2 24 | $199.5M | $118.0M |
毛利率TMHCTPH
| 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TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | — | 8.1% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 10.4% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 12.9% |
净利率TMHCTPH
| Q1 26 | 7.1% | — | ||
| Q4 25 | 8.3% | 6.2% | ||
| Q3 25 | 9.6% | 6.6% | ||
| Q2 25 | 9.5% | 6.7% | ||
| Q1 25 | 11.3% | 8.6% | ||
| Q4 24 | 10.3% | 10.3% | ||
| Q3 24 | 11.8% | 9.8% | ||
| Q2 24 | 10.0% | 10.2% |
每股收益（稀释后）TMHCTPH
| Q1 26 | $1.12 | — | ||
| Q4 25 | $1.77 | $0.70 | ||
| Q3 25 | $2.01 | $0.64 | ||
| Q2 25 | $1.92 | $0.68 | ||
| Q1 25 | $2.07 | $0.70 | ||
| Q4 24 | $2.29 | $1.37 | ||
| Q3 24 | $2.37 | $1.18 | ||
| Q2 24 | $1.86 | $1.25 |
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 | $982.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.2B | $3.3B |
| 总资产 | $9.8B | $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TMHCTPH
| Q1 26 | $652.9M | — | ||
| Q4 25 | $850.0M | $982.8M | ||
| Q3 25 | $370.6M | $792.0M | ||
| Q2 25 | $130.2M | $622.6M | ||
| Q1 25 | $377.8M | $812.9M | ||
| Q4 24 | $487.2M | $970.0M | ||
| Q3 24 | $256.4M | $676.0M | ||
| Q2 24 | $246.8M | $492.9M |
总债务TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.1B | $646.5M | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.2B | — |
股东权益TMHCTPH
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.3B | $3.3B | ||
| Q3 25 | $6.2B | $3.3B | ||
| Q2 25 | $6.1B | $3.3B | ||
| Q1 25 | $6.0B | $3.3B | ||
| Q4 24 | $5.9B | $3.3B | ||
| Q3 24 | $5.7B | $3.2B | ||
| Q2 24 | $5.5B | $3.1B |
总资产TMHCTPH
| Q1 26 | $9.8B | — | ||
| Q4 25 | $9.8B | $5.0B | ||
| Q3 25 | $9.6B | $5.0B | ||
| Q2 25 | $9.5B | $4.8B | ||
| Q1 25 | $9.4B | $4.8B | ||
| Q4 24 | $9.3B | $4.9B | ||
| Q3 24 | $9.3B | $4.8B | ||
| Q2 24 | $9.1B | $4.6B |
负债/权益比TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.36× | 0.19× | ||
| 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 | — | $221.0M |
| 自由现金流经营现金流 - 资本支出 | — | $213.2M |
| 自由现金流率自由现金流/营收 | — | 21.9% |
| 资本支出强度资本支出/营收 | — | 0.8% |
| 现金转化率经营现金流/净利润 | — | 3.67× |
| 过去12个月自由现金流最近4个季度 | — | $128.5M |
8季度趋势，按日历期对齐
经营现金流TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | $646.4M | $221.0M | ||
| Q3 25 | $219.6M | $45.9M | ||
| Q2 25 | $-126.0M | $-74.3M | ||
| Q1 25 | $77.2M | $-31.2M | ||
| Q4 24 | $438.2M | $360.3M | ||
| Q3 24 | $135.9M | $167.9M | ||
| Q2 24 | $-233.3M | $23.1M |
自由现金流TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | $635.3M | $213.2M | ||
| Q3 25 | $206.6M | $39.1M | ||
| Q2 25 | $-133.6M | $-84.5M | ||
| Q1 25 | $68.7M | $-39.3M | ||
| Q4 24 | $428.2M | $355.9M | ||
| Q3 24 | $127.1M | $161.5M | ||
| Q2 24 | $-241.7M | $17.0M |
自由现金流率TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 21.9% | ||
| Q3 25 | 9.9% | 4.6% | ||
| Q2 25 | -6.6% | -9.4% | ||
| Q1 25 | 3.6% | -5.3% | ||
| Q4 24 | 18.2% | 28.4% | ||
| Q3 24 | 6.0% | 14.1% | ||
| Q2 24 | -12.1% | 1.5% |
资本支出强度TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.8% | ||
| Q3 25 | 0.6% | 0.8% | ||
| Q2 25 | 0.4% | 1.1% | ||
| Q1 25 | 0.4% | 1.1% | ||
| Q4 24 | 0.4% | 0.3% | ||
| Q3 24 | 0.4% | 0.6% | ||
| Q2 24 | 0.4% | 0.5% |
现金转化率TMHCTPH
| Q1 26 | — | — | ||
| Q4 25 | 3.71× | 3.67× | ||
| Q3 25 | 1.09× | 0.82× | ||
| Q2 25 | -0.65× | -1.22× | ||
| Q1 25 | 0.36× | -0.49× | ||
| Q4 24 | 1.81× | 2.79× | ||
| Q3 24 | 0.54× | 1.50× | ||
| Q2 24 | -1.17× | 0.20× |
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% |
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
