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Alarm.com Holdings, Inc.（ALRM）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是Alarm.com Holdings, Inc.的1.0倍（$273.0M vs $261.7M），Alarm.com Holdings, Inc.净利率更高（13.2% vs 5.6%，领先7.6%），Forestar Group Inc.同比增速更快（9.0% vs 8.0%），Alarm.com Holdings, Inc.自由现金流更多（$35.1M vs $-157.1M），过去两年Alarm.com Holdings, Inc.的营收复合增速更高（8.3% vs -9.6%）
Alarm.com Holdings, Inc.是一家美国科技企业，成立于2000年，由微策略公司分拆而来，总部位于弗吉尼亚州泰森斯。公司主营云服务，为用户提供远程控制、智能家居及报警监测相关解决方案，是家庭智能安防领域的重要服务商。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
ALRM vs FOR — 直观对比
营收规模更大
FOR
是对方的1.0倍
$261.7M
营收增速更快
FOR
高出1.0%
8.0%
净利率更高
ALRM
高出7.6%
5.6%
自由现金流更多
ALRM
多$192.2M
$-157.1M
两年增速更快
ALRM
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $261.7M | $273.0M |
| 净利润 | $34.6M | $15.4M |
| 毛利率 | 66.0% | 20.1% |
| 营业利润率 | 13.4% | 7.6% |
| 净利率 | 13.2% | 5.6% |
| 营收同比 | 8.0% | 9.0% |
| 净利润同比 | 14.8% | -6.7% |
| 每股收益（稀释后） | $0.66 | $0.30 |
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ALRMFOR
| Q4 25 | $261.7M | $273.0M | ||
| Q3 25 | $256.4M | $670.5M | ||
| Q2 25 | $254.3M | $390.5M | ||
| Q1 25 | $238.8M | $351.0M | ||
| Q4 24 | $242.2M | $250.4M | ||
| Q3 24 | $240.5M | $551.3M | ||
| Q2 24 | $233.8M | $318.4M | ||
| Q1 24 | $223.3M | $333.8M |
净利润ALRMFOR
| Q4 25 | $34.6M | $15.4M | ||
| Q3 25 | $35.1M | $86.9M | ||
| Q2 25 | $34.2M | $32.9M | ||
| Q1 25 | $27.7M | $31.6M | ||
| Q4 24 | $30.1M | $16.5M | ||
| Q3 24 | $36.7M | $81.5M | ||
| Q2 24 | $33.5M | $38.7M | ||
| Q1 24 | $23.6M | $45.0M |
毛利率ALRMFOR
| Q4 25 | 66.0% | 20.1% | ||
| Q3 25 | 65.8% | 22.3% | ||
| Q2 25 | 65.6% | 20.4% | ||
| Q1 25 | 67.2% | 22.6% | ||
| Q4 24 | 65.5% | 22.0% | ||
| Q3 24 | 64.8% | 23.9% | ||
| Q2 24 | 65.2% | 22.5% | ||
| Q1 24 | 65.7% | 24.9% |
营业利润率ALRMFOR
| Q4 25 | 13.4% | 7.6% | ||
| Q3 25 | 14.4% | 16.9% | ||
| Q2 25 | 12.6% | 11.2% | ||
| Q1 25 | 12.4% | 11.6% | ||
| Q4 24 | 12.7% | 8.7% | ||
| Q3 24 | 13.8% | 19.7% | ||
| Q2 24 | 11.0% | 16.2% | ||
| Q1 24 | 8.4% | 17.6% |
净利率ALRMFOR
| Q4 25 | 13.2% | 5.6% | ||
| Q3 25 | 13.7% | 13.0% | ||
| Q2 25 | 13.5% | 8.4% | ||
| Q1 25 | 11.6% | 9.0% | ||
| Q4 24 | 12.4% | 6.6% | ||
| Q3 24 | 15.3% | 14.8% | ||
| Q2 24 | 14.3% | 12.2% | ||
| Q1 24 | 10.6% | 13.5% |
每股收益（稀释后）ALRMFOR
| Q4 25 | $0.66 | $0.30 | ||
| Q3 25 | $0.65 | $1.70 | ||
| Q2 25 | $0.63 | $0.65 | ||
| Q1 25 | $0.52 | $0.62 | ||
| Q4 24 | $0.56 | $0.32 | ||
| Q3 24 | $0.67 | $1.59 | ||
| Q2 24 | $0.62 | $0.76 | ||
| Q1 24 | $0.44 | $0.89 |
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 | $960.6M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $848.2M | $1.8B |
| 总资产 | $2.1B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ALRMFOR
| Q4 25 | $960.6M | $211.7M | ||
| Q3 25 | $1.1B | $379.2M | ||
| Q2 25 | $1.0B | $189.2M | ||
| Q1 25 | $1.2B | $174.3M | ||
| Q4 24 | $1.2B | $132.0M | ||
| Q3 24 | $1.2B | $481.2M | ||
| Q2 24 | $1.1B | $359.2M | ||
| Q1 24 | $747.9M | $416.2M |
总债务ALRMFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益ALRMFOR
| Q4 25 | $848.2M | $1.8B | ||
| Q3 25 | $827.2M | $1.8B | ||
| Q2 25 | $797.3M | $1.7B | ||
| Q1 25 | $759.6M | $1.6B | ||
| Q4 24 | $726.5M | $1.6B | ||
| Q3 24 | $690.3M | $1.6B | ||
| Q2 24 | $645.5M | $1.5B | ||
| Q1 24 | $728.1M | $1.5B |
总资产ALRMFOR
| Q4 25 | $2.1B | $3.2B | ||
| Q3 25 | $2.1B | $3.1B | ||
| Q2 25 | $2.1B | $3.1B | ||
| Q1 25 | $2.1B | $3.0B | ||
| Q4 24 | $2.0B | $3.0B | ||
| Q3 24 | $2.0B | $2.8B | ||
| Q2 24 | $1.9B | $2.7B | ||
| Q1 24 | $1.5B | $2.6B |
负债/权益比ALRMFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.48× |
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 | $35.9M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $35.1M | $-157.1M |
| 自由现金流率自由现金流/营收 | 13.4% | -57.5% |
| 资本支出强度资本支出/营收 | 0.3% | 0.0% |
| 现金转化率经营现金流/净利润 | 1.04× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $137.0M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ALRMFOR
| Q4 25 | $35.9M | $-157.0M | ||
| Q3 25 | $70.6M | $256.3M | ||
| Q2 25 | $22.7M | $15.8M | ||
| Q1 25 | $24.1M | $-19.8M | ||
| Q4 24 | $56.3M | $-450.0M | ||
| Q3 24 | $77.3M | $119.2M | ||
| Q2 24 | $23.0M | $-61.7M | ||
| Q1 24 | $49.9M | $-59.2M |
自由现金流ALRMFOR
| Q4 25 | $35.1M | $-157.1M | ||
| Q3 25 | $65.9M | $255.6M | ||
| Q2 25 | $18.2M | $15.0M | ||
| Q1 25 | $17.9M | $-20.5M | ||
| Q4 24 | $54.0M | — | ||
| Q3 24 | $74.5M | $118.4M | ||
| Q2 24 | $21.0M | $-62.3M | ||
| Q1 24 | $46.8M | $-59.8M |
自由现金流率ALRMFOR
| Q4 25 | 13.4% | -57.5% | ||
| Q3 25 | 25.7% | 38.1% | ||
| Q2 25 | 7.1% | 3.8% | ||
| Q1 25 | 7.5% | -5.8% | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 31.0% | 21.5% | ||
| Q2 24 | 9.0% | -19.6% | ||
| Q1 24 | 21.0% | -17.9% |
资本支出强度ALRMFOR
| Q4 25 | 0.3% | 0.0% | ||
| Q3 25 | 1.9% | 0.1% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 2.6% | 0.2% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 0.9% | 0.2% | ||
| Q1 24 | 1.4% | 0.2% |
现金转化率ALRMFOR
| Q4 25 | 1.04× | -10.19× | ||
| Q3 25 | 2.01× | 2.95× | ||
| Q2 25 | 0.66× | 0.48× | ||
| Q1 25 | 0.87× | -0.63× | ||
| Q4 24 | 1.87× | -27.27× | ||
| Q3 24 | 2.11× | 1.46× | ||
| Q2 24 | 0.69× | -1.59× | ||
| Q1 24 | 2.11× | -1.32× |
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
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
