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Toll Brothers, Inc.（TOL）与西部数据（WDC）财务数据对比。点击上方公司名可切换其他公司
Toll Brothers, Inc.的季度营收约是西部数据的1.1倍（$3.4B vs $3.0B），西部数据净利率更高（61.1% vs 13.0%，领先48.0%），西部数据同比增速更快（31.5% vs 2.7%），过去两年Toll Brothers, Inc.的营收复合增速更高（32.6% vs -6.6%）
Toll Brothers, Inc.是美国知名住宅建造企业，业务涵盖美国境内住宅及商业地产的开发、营销与融资服务。2020年按住宅建造营收统计，该公司为全美第五大房屋建造商，位列《财富》美国500强第411位。
西部数据（简称WD）是总部位于美国加利福尼亚州圣何塞的知名数据存储企业，成立于1970年，是全球最大的硬盘驱动器（HDD）制造商之一，产品覆盖消费级、企业级等多元存储场景，为全球客户提供高性能、高可靠性的存储解决方案。
TOL vs WDC — 直观对比
营收规模更大
TOL
是对方的1.1倍
$3.0B
营收增速更快
WDC
高出28.8%
2.7%
净利率更高
WDC
高出48.0%
13.0%
两年增速更快
TOL
近两年复合增速
-6.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $3.0B |
| 净利润 | $446.7M | $1.8B |
| 毛利率 | 24.8% | 45.7% |
| 营业利润率 | 16.5% | 30.1% |
| 净利率 | 13.0% | 61.1% |
| 营收同比 | 2.7% | 31.5% |
| 净利润同比 | -6.0% | 254.2% |
| 每股收益（稀释后） | $4.51 | $4.73 |
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TOLWDC
| Q1 26 | — | $3.0B | ||
| Q4 25 | $3.4B | $2.8B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.7B | $-1.2B | ||
| Q1 25 | $1.9B | $2.3B | ||
| Q4 24 | $3.3B | $4.3B | ||
| Q3 24 | $2.7B | $4.1B | ||
| Q2 24 | $2.8B | $3.8B |
净利润TOLWDC
| Q1 26 | — | $1.8B | ||
| Q4 25 | $446.7M | $1.2B | ||
| Q3 25 | $369.6M | — | ||
| Q2 25 | $352.4M | $282.0M | ||
| Q1 25 | $177.7M | $520.0M | ||
| Q4 24 | $475.4M | $594.0M | ||
| Q3 24 | $374.6M | $493.0M | ||
| Q2 24 | $481.6M | $39.0M |
毛利率TOLWDC
| Q1 26 | — | 45.7% | ||
| Q4 25 | 24.8% | 43.5% | ||
| Q3 25 | 25.2% | — | ||
| Q2 25 | 25.8% | — | ||
| Q1 25 | 24.7% | 39.8% | ||
| Q4 24 | 26.4% | 35.4% | ||
| Q3 24 | 27.2% | 37.9% | ||
| Q2 24 | 30.4% | 35.9% |
营业利润率TOLWDC
| Q1 26 | — | 30.1% | ||
| Q4 25 | 16.5% | 28.1% | ||
| Q3 25 | 16.6% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 11.8% | 33.1% | ||
| Q4 24 | 18.3% | 19.9% | ||
| Q3 24 | 18.2% | 18.1% | ||
| Q2 24 | 22.0% | 5.7% |
净利率TOLWDC
| Q1 26 | — | 61.1% | ||
| Q4 25 | 13.0% | 41.9% | ||
| Q3 25 | 12.6% | — | ||
| Q2 25 | 12.9% | -24.4% | ||
| Q1 25 | 9.6% | 22.7% | ||
| Q4 24 | 14.3% | 13.9% | ||
| Q3 24 | 13.7% | 12.0% | ||
| Q2 24 | 17.0% | 1.0% |
每股收益（稀释后）TOLWDC
| Q1 26 | — | $4.73 | ||
| Q4 25 | $4.51 | $3.07 | ||
| Q3 25 | $3.73 | — | ||
| Q2 25 | $3.50 | $0.72 | ||
| Q1 25 | $1.75 | $1.42 | ||
| Q4 24 | $4.61 | $1.63 | ||
| Q3 24 | $3.60 | $1.35 | ||
| Q2 24 | $4.55 | $0.15 |
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 | $1.3B | $2.0B |
| 总债务越低越好 | — | $4.7B |
| 股东权益账面价值 | $8.3B | $7.1B |
| 总资产 | $14.5B | $15.6B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资TOLWDC
| Q1 26 | — | $2.0B | ||
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $852.3M | — | ||
| Q2 25 | $686.5M | $2.1B | ||
| Q1 25 | $574.8M | $3.5B | ||
| Q4 24 | $1.3B | $2.3B | ||
| Q3 24 | $893.4M | $1.7B | ||
| Q2 24 | $1.0B | $1.9B |
总债务TOLWDC
| Q1 26 | — | $4.7B | ||
| Q4 25 | — | $4.7B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $4.7B | ||
| Q1 25 | — | $7.3B | ||
| Q4 24 | — | $7.4B | ||
| Q3 24 | — | $7.4B | ||
| Q2 24 | — | $7.4B |
股东权益TOLWDC
| Q1 26 | — | $7.1B | ||
| Q4 25 | $8.3B | $5.9B | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $7.9B | $5.3B | ||
| Q1 25 | $7.8B | $5.2B | ||
| Q4 24 | $7.7B | $12.1B | ||
| Q3 24 | $7.4B | $11.6B | ||
| Q2 24 | $7.3B | $10.8B |
总资产TOLWDC
| Q1 26 | — | $15.6B | ||
| Q4 25 | $14.5B | $14.4B | ||
| Q3 25 | $14.4B | — | ||
| Q2 25 | $14.2B | $14.0B | ||
| Q1 25 | $13.6B | $16.4B | ||
| Q4 24 | $13.4B | $25.5B | ||
| Q3 24 | $13.4B | $24.8B | ||
| Q2 24 | $13.3B | $24.2B |
负债/权益比TOLWDC
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | — | 1.42× | ||
| Q4 24 | — | 0.61× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.69× |
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 | $800.0M | — |
| 自由现金流经营现金流 - 资本支出 | $772.2M | — |
| 自由现金流率自由现金流/营收 | 22.6% | — |
| 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 | 1.79× | — |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流TOLWDC
| Q1 26 | — | — | ||
| Q4 25 | $800.0M | $672.0M | ||
| Q3 25 | $370.3M | — | ||
| Q2 25 | $362.8M | $746.0M | ||
| Q1 25 | $-420.8M | $508.0M | ||
| Q4 24 | $682.5M | $403.0M | ||
| Q3 24 | $175.6M | $34.0M | ||
| Q2 24 | $459.0M | $366.0M |
自由现金流TOLWDC
| Q1 26 | — | — | ||
| Q4 25 | $772.2M | $599.0M | ||
| Q3 25 | $344.9M | — | ||
| Q2 25 | $347.3M | $675.0M | ||
| Q1 25 | $-438.1M | $379.0M | ||
| Q4 24 | $664.3M | $287.0M | ||
| Q3 24 | $149.9M | $-62.0M | ||
| Q2 24 | $442.9M | $250.0M |
自由现金流率TOLWDC
| Q1 26 | — | — | ||
| Q4 25 | 22.6% | 21.3% | ||
| Q3 25 | 11.7% | — | ||
| Q2 25 | 12.7% | -58.5% | ||
| Q1 25 | -23.6% | 16.5% | ||
| Q4 24 | 19.9% | 6.7% | ||
| Q3 24 | 5.5% | -1.5% | ||
| Q2 24 | 15.6% | 6.6% |
资本支出强度TOLWDC
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | 2.6% | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 0.6% | -6.2% | ||
| Q1 25 | 0.9% | 5.6% | ||
| Q4 24 | 0.5% | 2.7% | ||
| Q3 24 | 0.9% | 2.3% | ||
| Q2 24 | 0.6% | 3.1% |
现金转化率TOLWDC
| Q1 26 | — | — | ||
| Q4 25 | 1.79× | 0.57× | ||
| Q3 25 | 1.00× | — | ||
| Q2 25 | 1.03× | 2.65× | ||
| Q1 25 | -2.37× | 0.98× | ||
| Q4 24 | 1.44× | 0.68× | ||
| Q3 24 | 0.47× | 0.07× | ||
| Q2 24 | 0.95× | 9.38× |
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
TOL
| Home Building | $3.4B | 100% |
| Land | $9.4M | 0% |
WDC
| Cloud | $2.7B | 89% |
| Client Devices | $176.0M | 6% |
| Consumer | $168.0M | 6% |
