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Tri Pointe Homes, Inc.（TPH）与威世（VSH）财务数据对比。点击上方公司名可切换其他公司
Tri Pointe Homes, Inc.的季度营收约是威世的1.2倍（$972.6M vs $800.9M），Tri Pointe Homes, Inc.净利率更高（6.2% vs 0.1%，领先6.1%），威世同比增速更快（12.1% vs -22.4%），Tri Pointe Homes, Inc.自由现金流更多（$213.2M vs $54.6M），过去两年威世的营收复合增速更高（3.6% 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。
威世（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
TPH vs VSH — 直观对比
营收规模更大
TPH
是对方的1.2倍
$800.9M
营收增速更快
VSH
高出34.5%
-22.4%
净利率更高
TPH
高出6.1%
0.1%
自由现金流更多
TPH
多$158.6M
$54.6M
两年增速更快
VSH
近两年复合增速
1.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $972.6M | $800.9M |
| 净利润 | $60.2M | $986.0K |
| 毛利率 | — | 19.6% |
| 营业利润率 | 8.1% | 1.8% |
| 净利率 | 6.2% | 0.1% |
| 营收同比 | -22.4% | 12.1% |
| 净利润同比 | -53.4% | 101.5% |
| 每股收益（稀释后） | $0.70 | $0.01 |
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TPHVSH
| Q4 25 | $972.6M | $800.9M | ||
| Q3 25 | $854.7M | $790.6M | ||
| Q2 25 | $902.4M | $762.3M | ||
| Q1 25 | $740.9M | $715.2M | ||
| Q4 24 | $1.3B | $714.7M | ||
| Q3 24 | $1.1B | $735.4M | ||
| Q2 24 | $1.2B | $741.2M | ||
| Q1 24 | $939.4M | $746.3M |
净利润TPHVSH
| Q4 25 | $60.2M | $986.0K | ||
| Q3 25 | $56.1M | $-7.9M | ||
| Q2 25 | $60.7M | $2.0M | ||
| Q1 25 | $64.0M | $-4.1M | ||
| Q4 24 | $129.2M | $-66.1M | ||
| Q3 24 | $111.8M | $-19.3M | ||
| Q2 24 | $118.0M | $23.5M | ||
| Q1 24 | $99.1M | $30.9M |
毛利率TPHVSH
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.5% | ||
| Q2 25 | — | 19.5% | ||
| Q1 25 | — | 19.0% | ||
| Q4 24 | — | 19.9% | ||
| Q3 24 | — | 20.5% | ||
| Q2 24 | — | 22.0% | ||
| Q1 24 | — | 22.8% |
营业利润率TPHVSH
| Q4 25 | 8.1% | 1.8% | ||
| Q3 25 | 8.1% | 2.4% | ||
| Q2 25 | 8.5% | 2.9% | ||
| Q1 25 | 10.4% | 0.1% | ||
| Q4 24 | 13.4% | -7.9% | ||
| Q3 24 | 12.6% | -2.5% | ||
| Q2 24 | 12.9% | 5.1% | ||
| Q1 24 | 12.3% | 5.7% |
净利率TPHVSH
| Q4 25 | 6.2% | 0.1% | ||
| Q3 25 | 6.6% | -1.0% | ||
| Q2 25 | 6.7% | 0.3% | ||
| Q1 25 | 8.6% | -0.6% | ||
| Q4 24 | 10.3% | -9.2% | ||
| Q3 24 | 9.8% | -2.6% | ||
| Q2 24 | 10.2% | 3.2% | ||
| Q1 24 | 10.5% | 4.1% |
每股收益（稀释后）TPHVSH
| Q4 25 | $0.70 | $0.01 | ||
| Q3 25 | $0.64 | $-0.06 | ||
| Q2 25 | $0.68 | $0.01 | ||
| Q1 25 | $0.70 | $-0.03 | ||
| Q4 24 | $1.37 | $-0.48 | ||
| Q3 24 | $1.18 | $-0.14 | ||
| Q2 24 | $1.25 | $0.17 | ||
| Q1 24 | $1.03 | $0.22 |
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 | $515.0M |
| 总债务越低越好 | — | $950.9M |
| 股东权益账面价值 | $3.3B | $2.1B |
| 总资产 | $5.0B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资TPHVSH
| Q4 25 | $982.8M | $515.0M | ||
| Q3 25 | $792.0M | $443.9M | ||
| Q2 25 | $622.6M | $473.9M | ||
| Q1 25 | $812.9M | $609.4M | ||
| Q4 24 | $970.0M | $590.3M | ||
| Q3 24 | $676.0M | $643.8M | ||
| Q2 24 | $492.9M | $672.7M | ||
| Q1 24 | $944.0M | $796.5M |
总债务TPHVSH
| Q4 25 | — | $950.9M | ||
| Q3 25 | — | $919.7M | ||
| Q2 25 | — | $914.5M | ||
| Q1 25 | — | $988.2M | ||
| Q4 24 | $646.5M | $905.0M | ||
| Q3 24 | — | $820.8M | ||
| Q2 24 | — | $820.6M | ||
| Q1 24 | — | $819.4M |
股东权益TPHVSH
| Q4 25 | $3.3B | $2.1B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.3B | $2.0B | ||
| Q4 24 | $3.3B | $2.0B | ||
| Q3 24 | $3.2B | $2.2B | ||
| Q2 24 | $3.1B | $2.2B | ||
| Q1 24 | $3.0B | $2.2B |
总资产TPHVSH
| Q4 25 | $5.0B | $4.2B | ||
| Q3 25 | $5.0B | $4.2B | ||
| Q2 25 | $4.8B | $4.2B | ||
| Q1 25 | $4.8B | $4.2B | ||
| Q4 24 | $4.9B | $4.1B | ||
| Q3 24 | $4.8B | $4.2B | ||
| Q2 24 | $4.6B | $4.2B | ||
| Q1 24 | $5.0B | $4.3B |
负债/权益比TPHVSH
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | 0.19× | 0.45× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
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 | $149.4M |
| 自由现金流经营现金流 - 资本支出 | $213.2M | $54.6M |
| 自由现金流率自由现金流/营收 | 21.9% | 6.8% |
| 资本支出强度资本支出/营收 | 0.8% | 11.8% |
| 现金转化率经营现金流/净利润 | 3.67× | 151.48× |
| 过去12个月自由现金流最近4个季度 | $128.5M | $-89.0M |
8季度趋势，按日历期对齐
经营现金流TPHVSH
| Q4 25 | $221.0M | $149.4M | ||
| Q3 25 | $45.9M | $27.6M | ||
| Q2 25 | $-74.3M | $-8.8M | ||
| Q1 25 | $-31.2M | $16.1M | ||
| Q4 24 | $360.3M | $67.7M | ||
| Q3 24 | $167.9M | $50.6M | ||
| Q2 24 | $23.1M | $-24.7M | ||
| Q1 24 | $144.7M | $80.2M |
自由现金流TPHVSH
| Q4 25 | $213.2M | $54.6M | ||
| Q3 25 | $39.1M | $-24.7M | ||
| Q2 25 | $-84.5M | $-73.4M | ||
| Q1 25 | $-39.3M | $-45.5M | ||
| Q4 24 | $355.9M | $-77.2M | ||
| Q3 24 | $161.5M | $-9.0M | ||
| Q2 24 | $17.0M | $-87.3M | ||
| Q1 24 | $138.3M | $27.1M |
自由现金流率TPHVSH
| Q4 25 | 21.9% | 6.8% | ||
| Q3 25 | 4.6% | -3.1% | ||
| Q2 25 | -9.4% | -9.6% | ||
| Q1 25 | -5.3% | -6.4% | ||
| Q4 24 | 28.4% | -10.8% | ||
| Q3 24 | 14.1% | -1.2% | ||
| Q2 24 | 1.5% | -11.8% | ||
| Q1 24 | 14.7% | 3.6% |
资本支出强度TPHVSH
| Q4 25 | 0.8% | 11.8% | ||
| Q3 25 | 0.8% | 6.6% | ||
| Q2 25 | 1.1% | 8.5% | ||
| Q1 25 | 1.1% | 8.6% | ||
| Q4 24 | 0.3% | 20.3% | ||
| Q3 24 | 0.6% | 8.1% | ||
| Q2 24 | 0.5% | 8.4% | ||
| Q1 24 | 0.7% | 7.1% |
现金转化率TPHVSH
| Q4 25 | 3.67× | 151.48× | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | -1.22× | -4.39× | ||
| Q1 25 | -0.49× | — | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 1.50× | — | ||
| Q2 24 | 0.20× | -1.05× | ||
| Q1 24 | 1.46× | 2.59× |
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% |
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
