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Taylor Morrison Home Corp（TMHC）与Ubiquiti Inc.（UI）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Ubiquiti Inc.的1.7倍（$1.4B vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 7.1%，领先21.6%），Ubiquiti Inc.同比增速更快（35.8% vs -26.8%），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% 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。
Ubiquiti Inc.是一家美国科技企业，2003年于加利福尼亚州圣何塞成立，目前总部位于纽约。公司旗下拥有多个品牌，主营面向企业及家庭用户的有线、无线数据通信产品的研发、生产与销售。
TMHC vs UI — 直观对比
营收规模更大
TMHC
是对方的1.7倍
$814.9M
营收增速更快
UI
高出62.7%
-26.8%
净利率更高
UI
高出21.6%
7.1%
两年增速更快
UI
近两年复合增速
-16.5%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $814.9M |
| 净利润 | $98.6M | $233.6M |
| 毛利率 | 21.0% | 45.9% |
| 营业利润率 | — | 35.9% |
| 净利率 | 7.1% | 28.7% |
| 营收同比 | -26.8% | 35.8% |
| 净利润同比 | -53.8% | 70.8% |
| 每股收益（稀释后） | $1.12 | $3.86 |
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TMHCUI
| Q1 26 | $1.4B | — | ||
| Q4 25 | $2.1B | $814.9M | ||
| Q3 25 | $2.1B | $733.8M | ||
| Q2 25 | $2.0B | $759.2M | ||
| Q1 25 | $1.9B | $664.2M | ||
| Q4 24 | $2.4B | $599.9M | ||
| Q3 24 | $2.1B | $550.3M | ||
| Q2 24 | $2.0B | $507.5M |
净利润TMHCUI
| Q1 26 | $98.6M | — | ||
| Q4 25 | $174.0M | $233.6M | ||
| Q3 25 | $201.4M | $207.9M | ||
| Q2 25 | $193.6M | $266.7M | ||
| Q1 25 | $213.5M | $180.4M | ||
| Q4 24 | $242.5M | $136.8M | ||
| Q3 24 | $251.1M | $128.0M | ||
| Q2 24 | $199.5M | $103.8M |
毛利率TMHCUI
| Q1 26 | 21.0% | — | ||
| Q4 25 | 22.0% | 45.9% | ||
| Q3 25 | 22.7% | 46.0% | ||
| Q2 25 | 23.0% | 45.1% | ||
| Q1 25 | 24.4% | 44.5% | ||
| Q4 24 | 23.9% | 41.2% | ||
| Q3 24 | 25.0% | 42.1% | ||
| Q2 24 | 23.7% | 40.2% |
营业利润率TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | — | 35.9% | ||
| Q3 25 | — | 35.7% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 34.2% | ||
| Q4 24 | — | 29.8% | ||
| Q3 24 | — | 30.7% | ||
| Q2 24 | — | 27.3% |
净利率TMHCUI
| Q1 26 | 7.1% | — | ||
| Q4 25 | 8.3% | 28.7% | ||
| Q3 25 | 9.6% | 28.3% | ||
| Q2 25 | 9.5% | 35.1% | ||
| Q1 25 | 11.3% | 27.2% | ||
| Q4 24 | 10.3% | 22.8% | ||
| Q3 24 | 11.8% | 23.3% | ||
| Q2 24 | 10.0% | 20.5% |
每股收益（稀释后）TMHCUI
| Q1 26 | $1.12 | — | ||
| Q4 25 | $1.77 | $3.86 | ||
| Q3 25 | $2.01 | $3.43 | ||
| Q2 25 | $1.92 | $4.40 | ||
| Q1 25 | $2.07 | $2.98 | ||
| Q4 24 | $2.29 | $2.26 | ||
| Q3 24 | $2.37 | $2.12 | ||
| Q2 24 | $1.86 | $1.72 |
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 | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $6.2B | $1.0B |
| 总资产 | $9.8B | $1.6B |
| 负债/权益比越低杠杆越低 | — | 0.05× |
8季度趋势，按日历期对齐
现金及短期投资TMHCUI
| Q1 26 | $652.9M | — | ||
| Q4 25 | $850.0M | $302.8M | ||
| Q3 25 | $370.6M | $177.2M | ||
| Q2 25 | $130.2M | $149.7M | ||
| Q1 25 | $377.8M | $151.0M | ||
| Q4 24 | $487.2M | $133.1M | ||
| Q3 24 | $256.4M | $165.2M | ||
| Q2 24 | $246.8M | $126.3M |
总债务TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $47.5M | ||
| Q3 25 | $2.2B | $133.8M | ||
| Q2 25 | $2.1B | $250.0M | ||
| Q1 25 | $2.1B | $340.0M | ||
| Q4 24 | $2.1B | $406.3M | ||
| Q3 24 | $2.1B | $552.5M | ||
| Q2 24 | $2.2B | $708.1M |
股东权益TMHCUI
| Q1 26 | $6.2B | — | ||
| Q4 25 | $6.3B | $1.0B | ||
| Q3 25 | $6.2B | $828.4M | ||
| Q2 25 | $6.1B | $668.3M | ||
| Q1 25 | $6.0B | $436.1M | ||
| Q4 24 | $5.9B | $290.4M | ||
| Q3 24 | $5.7B | $188.1M | ||
| Q2 24 | $5.5B | $95.1M |
总资产TMHCUI
| Q1 26 | $9.8B | — | ||
| Q4 25 | $9.8B | $1.6B | ||
| Q3 25 | $9.6B | $1.5B | ||
| Q2 25 | $9.5B | $1.5B | ||
| Q1 25 | $9.4B | $1.3B | ||
| Q4 24 | $9.3B | $1.2B | ||
| Q3 24 | $9.3B | $1.2B | ||
| Q2 24 | $9.1B | $1.2B |
负债/权益比TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | 0.05× | ||
| Q3 25 | 0.35× | 0.16× | ||
| Q2 25 | 0.35× | 0.37× | ||
| Q1 25 | 0.35× | 0.78× | ||
| Q4 24 | 0.36× | 1.40× | ||
| Q3 24 | 0.37× | 2.94× | ||
| Q2 24 | 0.39× | 7.45× |
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 | — | $263.9M |
| 自由现金流经营现金流 - 资本支出 | — | $260.3M |
| 自由现金流率自由现金流/营收 | — | 31.9% |
| 资本支出强度资本支出/营收 | — | 0.4% |
| 现金转化率经营现金流/净利润 | — | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $699.5M |
8季度趋势，按日历期对齐
经营现金流TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | $646.4M | $263.9M | ||
| Q3 25 | $219.6M | $198.5M | ||
| Q2 25 | $-126.0M | $130.4M | ||
| Q1 25 | $77.2M | $123.6M | ||
| Q4 24 | $438.2M | $152.4M | ||
| Q3 24 | $135.9M | $233.7M | ||
| Q2 24 | $-233.3M | $231.4M |
自由现金流TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | $635.3M | $260.3M | ||
| Q3 25 | $206.6M | $193.3M | ||
| Q2 25 | $-133.6M | $125.2M | ||
| Q1 25 | $68.7M | $120.7M | ||
| Q4 24 | $428.2M | $150.4M | ||
| Q3 24 | $127.1M | $231.1M | ||
| Q2 24 | $-241.7M | $229.5M |
自由现金流率TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | 30.3% | 31.9% | ||
| Q3 25 | 9.9% | 26.3% | ||
| Q2 25 | -6.6% | 16.5% | ||
| Q1 25 | 3.6% | 18.2% | ||
| Q4 24 | 18.2% | 25.1% | ||
| Q3 24 | 6.0% | 42.0% | ||
| Q2 24 | -12.1% | 45.2% |
资本支出强度TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 0.4% | ||
| Q3 25 | 0.6% | 0.7% | ||
| Q2 25 | 0.4% | 0.7% | ||
| Q1 25 | 0.4% | 0.4% | ||
| Q4 24 | 0.4% | 0.3% | ||
| Q3 24 | 0.4% | 0.5% | ||
| Q2 24 | 0.4% | 0.4% |
现金转化率TMHCUI
| Q1 26 | — | — | ||
| Q4 25 | 3.71× | 1.13× | ||
| Q3 25 | 1.09× | 0.95× | ||
| Q2 25 | -0.65× | 0.49× | ||
| Q1 25 | 0.36× | 0.68× | ||
| Q4 24 | 1.81× | 1.11× | ||
| Q3 24 | 0.54× | 1.83× | ||
| Q2 24 | -1.17× | 2.23× |
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% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
