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Tri Pointe Homes, Inc.（TPH）与Ubiquiti Inc.（UI）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是Ubiquiti Inc.的1.2倍（$972.6M vs $814.9M），Ubiquiti Inc.净利率更高（28.7% vs 6.2%，领先22.5%），Ubiquiti Inc.同比增速更快（35.8% vs -22.4%），Ubiquiti Inc.自由现金流更多（$260.3M vs $213.2M），过去两年Ubiquiti Inc.的营收复合增速更高（28.6% vs 1.8%）
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。
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。
TPH vs UI — 直观对比
营收规模更大
TPH
是对方的1.2倍
$814.9M
营收增速更快
UI
高出58.3%
-22.4%
净利率更高
UI
高出22.5%
6.2%
自由现金流更多
UI
多$47.1M
$213.2M
两年增速更快
UI
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $972.6M | $814.9M |
| 净利润 | $60.2M | $233.6M |
| 毛利率 | — | 45.9% |
| 营业利润率 | 8.1% | 35.9% |
| 净利率 | 6.2% | 28.7% |
| 营收同比 | -22.4% | 35.8% |
| 净利润同比 | -53.4% | 70.8% |
| 每股收益（稀释后） | $0.70 | $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TPHUI
| Q4 25 | $972.6M | $814.9M | ||
| Q3 25 | $854.7M | $733.8M | ||
| Q2 25 | $902.4M | $759.2M | ||
| Q1 25 | $740.9M | $664.2M | ||
| Q4 24 | $1.3B | $599.9M | ||
| Q3 24 | $1.1B | $550.3M | ||
| Q2 24 | $1.2B | $507.5M | ||
| Q1 24 | $939.4M | $493.0M |
净利润TPHUI
| Q4 25 | $60.2M | $233.6M | ||
| Q3 25 | $56.1M | $207.9M | ||
| Q2 25 | $60.7M | $266.7M | ||
| Q1 25 | $64.0M | $180.4M | ||
| Q4 24 | $129.2M | $136.8M | ||
| Q3 24 | $111.8M | $128.0M | ||
| Q2 24 | $118.0M | $103.8M | ||
| Q1 24 | $99.1M | $76.3M |
毛利率TPHUI
| Q4 25 | — | 45.9% | ||
| Q3 25 | — | 46.0% | ||
| Q2 25 | — | 45.1% | ||
| Q1 25 | — | 44.5% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 42.1% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 35.3% |
营业利润率TPHUI
| Q4 25 | 8.1% | 35.9% | ||
| Q3 25 | 8.1% | 35.7% | ||
| Q2 25 | 8.5% | 34.4% | ||
| Q1 25 | 10.4% | 34.2% | ||
| Q4 24 | 13.4% | 29.8% | ||
| Q3 24 | 12.6% | 30.7% | ||
| Q2 24 | 12.9% | 27.3% | ||
| Q1 24 | 12.3% | 22.6% |
净利率TPHUI
| Q4 25 | 6.2% | 28.7% | ||
| Q3 25 | 6.6% | 28.3% | ||
| Q2 25 | 6.7% | 35.1% | ||
| Q1 25 | 8.6% | 27.2% | ||
| Q4 24 | 10.3% | 22.8% | ||
| Q3 24 | 9.8% | 23.3% | ||
| Q2 24 | 10.2% | 20.5% | ||
| Q1 24 | 10.5% | 15.5% |
每股收益（稀释后）TPHUI
| Q4 25 | $0.70 | $3.86 | ||
| Q3 25 | $0.64 | $3.43 | ||
| Q2 25 | $0.68 | $4.40 | ||
| Q1 25 | $0.70 | $2.98 | ||
| Q4 24 | $1.37 | $2.26 | ||
| Q3 24 | $1.18 | $2.12 | ||
| Q2 24 | $1.25 | $1.72 | ||
| Q1 24 | $1.03 | $1.26 |
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 | $982.8M | $302.8M |
| 总债务越低越好 | — | $47.5M |
| 股东权益账面价值 | $3.3B | $1.0B |
| 总资产 | $5.0B | $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TPHUI
| Q4 25 | $982.8M | $302.8M | ||
| Q3 25 | $792.0M | $177.2M | ||
| Q2 25 | $622.6M | $149.7M | ||
| Q1 25 | $812.9M | $151.0M | ||
| Q4 24 | $970.0M | $133.1M | ||
| Q3 24 | $676.0M | $165.2M | ||
| Q2 24 | $492.9M | $126.3M | ||
| Q1 24 | $944.0M | $102.5M |
总债务TPHUI
| Q4 25 | — | $47.5M | ||
| Q3 25 | — | $133.8M | ||
| Q2 25 | — | $250.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | $646.5M | $406.3M | ||
| Q3 24 | — | $552.5M | ||
| Q2 24 | — | $708.1M | ||
| Q1 24 | — | $877.5M |
股东权益TPHUI
| Q4 25 | $3.3B | $1.0B | ||
| Q3 25 | $3.3B | $828.4M | ||
| Q2 25 | $3.3B | $668.3M | ||
| Q1 25 | $3.3B | $436.1M | ||
| Q4 24 | $3.3B | $290.4M | ||
| Q3 24 | $3.2B | $188.1M | ||
| Q2 24 | $3.1B | $95.1M | ||
| Q1 24 | $3.0B | $25.9M |
总资产TPHUI
| Q4 25 | $5.0B | $1.6B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $4.8B | $1.5B | ||
| Q1 25 | $4.8B | $1.3B | ||
| Q4 24 | $4.9B | $1.2B | ||
| Q3 24 | $4.8B | $1.2B | ||
| Q2 24 | $4.6B | $1.2B | ||
| Q1 24 | $5.0B | $1.2B |
负债/权益比TPHUI
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.37× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 0.19× | 1.40× | ||
| Q3 24 | — | 2.94× | ||
| Q2 24 | — | 7.45× | ||
| Q1 24 | — | 33.92× |
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 | $263.9M |
| 自由现金流经营现金流 - 资本支出 | $213.2M | $260.3M |
| 自由现金流率自由现金流/营收 | 21.9% | 31.9% |
| 资本支出强度资本支出/营收 | 0.8% | 0.4% |
| 现金转化率经营现金流/净利润 | 3.67× | 1.13× |
| 过去12个月自由现金流最近4个季度 | $128.5M | $699.5M |
8季度趋势，按日历期对齐
经营现金流TPHUI
| Q4 25 | $221.0M | $263.9M | ||
| Q3 25 | $45.9M | $198.5M | ||
| Q2 25 | $-74.3M | $130.4M | ||
| Q1 25 | $-31.2M | $123.6M | ||
| Q4 24 | $360.3M | $152.4M | ||
| Q3 24 | $167.9M | $233.7M | ||
| Q2 24 | $23.1M | $231.4M | ||
| Q1 24 | $144.7M | $163.9M |
自由现金流TPHUI
| Q4 25 | $213.2M | $260.3M | ||
| Q3 25 | $39.1M | $193.3M | ||
| Q2 25 | $-84.5M | $125.2M | ||
| Q1 25 | $-39.3M | $120.7M | ||
| Q4 24 | $355.9M | $150.4M | ||
| Q3 24 | $161.5M | $231.1M | ||
| Q2 24 | $17.0M | $229.5M | ||
| Q1 24 | $138.3M | $160.6M |
自由现金流率TPHUI
| Q4 25 | 21.9% | 31.9% | ||
| Q3 25 | 4.6% | 26.3% | ||
| Q2 25 | -9.4% | 16.5% | ||
| Q1 25 | -5.3% | 18.2% | ||
| Q4 24 | 28.4% | 25.1% | ||
| Q3 24 | 14.1% | 42.0% | ||
| Q2 24 | 1.5% | 45.2% | ||
| Q1 24 | 14.7% | 32.6% |
资本支出强度TPHUI
| Q4 25 | 0.8% | 0.4% | ||
| Q3 25 | 0.8% | 0.7% | ||
| Q2 25 | 1.1% | 0.7% | ||
| Q1 25 | 1.1% | 0.4% | ||
| Q4 24 | 0.3% | 0.3% | ||
| Q3 24 | 0.6% | 0.5% | ||
| Q2 24 | 0.5% | 0.4% | ||
| Q1 24 | 0.7% | 0.7% |
现金转化率TPHUI
| Q4 25 | 3.67× | 1.13× | ||
| Q3 25 | 0.82× | 0.95× | ||
| Q2 25 | -1.22× | 0.49× | ||
| Q1 25 | -0.49× | 0.68× | ||
| Q4 24 | 2.79× | 1.11× | ||
| Q3 24 | 1.50× | 1.83× | ||
| Q2 24 | 0.20× | 2.23× | ||
| Q1 24 | 1.46× | 2.15× |
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
TPH
| West | $547.8M | 56% |
| Central | $245.1M | 25% |
| East | $161.8M | 17% |
| Financial Services Segment | $18.0M | 2% |
| Land | $7.9M | 1% |
UI
| Enterprise Technology | $729.0M | 89% |
| Service Provider Technology | $85.9M | 11% |
