vs
Apple Hospitality REIT, Inc.（APLE）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
Apple Hospitality REIT, Inc.的季度营收约是Forestar Group Inc.的1.2倍（$326.4M vs $273.0M），Apple Hospitality REIT, Inc.净利率更高（9.1% vs 5.6%，领先3.4%），Forestar Group Inc.同比增速更快（9.0% vs -2.0%），Apple Hospitality REIT, Inc.自由现金流更多（$282.0M vs $-157.1M），过去两年Apple Hospitality REIT, Inc.的营收复合增速更高（-0.5% vs -9.6%）
莱曼 hospitality properties是一家深耕酒店、度假村、娱乐及媒体领域的企业，得名于旗下核心资产——位于田纳西州纳什维尔的国家历史地标莱曼礼堂。公司历史可追溯至曾作为爱德华·盖洛德旗下俄克拉荷马出版公司子公司的时期，1983年收购WSM公司后，拿下大奥普里等知名IP，奠定了如今的业务发展基础。
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。
APLE vs FOR — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $326.4M | $273.0M |
| 净利润 | $29.6M | $15.4M |
| 毛利率 | 37.2% | 20.1% |
| 营业利润率 | 15.2% | 7.6% |
| 净利率 | 9.1% | 5.6% |
| 营收同比 | -2.0% | 9.0% |
| 净利润同比 | -0.7% | -6.7% |
| 每股收益（稀释后） | $0.13 | $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
| Q4 25 | $326.4M | $273.0M | ||
| Q3 25 | $373.9M | $670.5M | ||
| Q2 25 | $384.4M | $390.5M | ||
| Q1 25 | $327.7M | $351.0M | ||
| Q4 24 | $333.0M | $250.4M | ||
| Q3 24 | $378.8M | $551.3M | ||
| Q2 24 | $390.1M | $318.4M | ||
| Q1 24 | $329.5M | $333.8M |
| Q4 25 | $29.6M | $15.4M | ||
| Q3 25 | $50.9M | $86.9M | ||
| Q2 25 | $63.6M | $32.9M | ||
| Q1 25 | $31.2M | $31.6M | ||
| Q4 24 | $29.8M | $16.5M | ||
| Q3 24 | $56.3M | $81.5M | ||
| Q2 24 | $73.9M | $38.7M | ||
| Q1 24 | $54.0M | $45.0M |
| Q4 25 | 37.2% | 20.1% | ||
| Q3 25 | 40.6% | 22.3% | ||
| Q2 25 | 42.6% | 20.4% | ||
| Q1 25 | 39.0% | 22.6% | ||
| Q4 24 | 38.6% | 22.0% | ||
| Q3 24 | 41.9% | 23.9% | ||
| Q2 24 | 44.6% | 22.5% | ||
| Q1 24 | 40.1% | 24.9% |
| Q4 25 | 15.2% | 7.6% | ||
| Q3 25 | 19.4% | 16.9% | ||
| Q2 25 | 22.1% | 11.2% | ||
| Q1 25 | 15.5% | 11.6% | ||
| Q4 24 | 15.0% | 8.7% | ||
| Q3 24 | 20.5% | 19.7% | ||
| Q2 24 | 24.0% | 16.2% | ||
| Q1 24 | 21.7% | 17.6% |
| Q4 25 | 9.1% | 5.6% | ||
| Q3 25 | 13.6% | 13.0% | ||
| Q2 25 | 16.6% | 8.4% | ||
| Q1 25 | 9.5% | 9.0% | ||
| Q4 24 | 9.0% | 6.6% | ||
| Q3 24 | 14.9% | 14.8% | ||
| Q2 24 | 19.0% | 12.2% | ||
| Q1 24 | 16.4% | 13.5% |
| Q4 25 | $0.13 | $0.30 | ||
| Q3 25 | $0.21 | $1.70 | ||
| Q2 25 | $0.27 | $0.65 | ||
| Q1 25 | $0.13 | $0.62 | ||
| Q4 24 | $0.13 | $0.32 | ||
| Q3 24 | $0.23 | $1.59 | ||
| Q2 24 | $0.31 | $0.76 | ||
| Q1 24 | $0.22 | $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 | $8.5M | $211.7M |
| 总债务越低越好 | $1.5B | $793.2M |
| 股东权益账面价值 | $3.1B | $1.8B |
| 总资产 | $4.9B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.44× |
8季度趋势，按日历期对齐
| Q4 25 | $8.5M | $211.7M | ||
| Q3 25 | $50.3M | $379.2M | ||
| Q2 25 | $7.9M | $189.2M | ||
| Q1 25 | $14.9M | $174.3M | ||
| Q4 24 | $10.3M | $132.0M | ||
| Q3 24 | $6.1M | $481.2M | ||
| Q2 24 | $7.2M | $359.2M | ||
| Q1 24 | $4.9M | $416.2M |
| Q4 25 | $1.5B | $793.2M | ||
| Q3 25 | $1.5B | $802.7M | ||
| Q2 25 | $1.5B | $872.8M | ||
| Q1 25 | $1.5B | $872.5M | ||
| Q4 24 | $1.5B | $806.8M | ||
| Q3 24 | $1.5B | $706.4M | ||
| Q2 24 | $1.5B | $706.1M | ||
| Q1 24 | $1.5B | $705.7M |
| Q4 25 | $3.1B | $1.8B | ||
| Q3 25 | $3.2B | $1.8B | ||
| Q2 25 | $3.2B | $1.7B | ||
| Q1 25 | $3.2B | $1.6B | ||
| Q4 24 | $3.3B | $1.6B | ||
| Q3 24 | $3.3B | $1.6B | ||
| Q2 24 | $3.3B | $1.5B | ||
| Q1 24 | $3.3B | $1.5B |
| Q4 25 | $4.9B | $3.2B | ||
| Q3 25 | $4.9B | $3.1B | ||
| Q2 25 | $4.9B | $3.1B | ||
| Q1 25 | $4.9B | $3.0B | ||
| Q4 24 | $5.0B | $3.0B | ||
| Q3 24 | $5.0B | $2.8B | ||
| Q2 24 | $5.1B | $2.7B | ||
| Q1 24 | $5.0B | $2.6B |
| Q4 25 | 0.49× | 0.44× | ||
| Q3 25 | 0.47× | 0.45× | ||
| Q2 25 | 0.48× | 0.52× | ||
| Q1 25 | 0.48× | 0.53× | ||
| Q4 24 | 0.45× | 0.50× | ||
| Q3 24 | 0.46× | 0.44× | ||
| Q2 24 | 0.46× | 0.47× | ||
| Q1 24 | 0.45× | 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 | $370.2M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $282.0M | $-157.1M |
| 自由现金流率自由现金流/营收 | 86.4% | -57.5% |
| 资本支出强度资本支出/营收 | 27.0% | 0.0% |
| 现金转化率经营现金流/净利润 | 12.50× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $516.8M | $93.0M |
8季度趋势，按日历期对齐
| Q4 25 | $370.2M | $-157.0M | ||
| Q3 25 | $126.4M | $256.3M | ||
| Q2 25 | $108.8M | $15.8M | ||
| Q1 25 | $49.1M | $-19.8M | ||
| Q4 24 | $405.4M | $-450.0M | ||
| Q3 24 | $128.2M | $119.2M | ||
| Q2 24 | $127.3M | $-61.7M | ||
| Q1 24 | $54.7M | $-59.2M |
| Q4 25 | $282.0M | $-157.1M | ||
| Q3 25 | $109.0M | $255.6M | ||
| Q2 25 | $96.2M | $15.0M | ||
| Q1 25 | $29.5M | $-20.5M | ||
| Q4 24 | $327.1M | — | ||
| Q3 24 | $113.1M | $118.4M | ||
| Q2 24 | $115.0M | $-62.3M | ||
| Q1 24 | $34.4M | $-59.8M |
| Q4 25 | 86.4% | -57.5% | ||
| Q3 25 | 29.2% | 38.1% | ||
| Q2 25 | 25.0% | 3.8% | ||
| Q1 25 | 9.0% | -5.8% | ||
| Q4 24 | 98.2% | — | ||
| Q3 24 | 29.9% | 21.5% | ||
| Q2 24 | 29.5% | -19.6% | ||
| Q1 24 | 10.4% | -17.9% |
| Q4 25 | 27.0% | 0.0% | ||
| Q3 25 | 4.7% | 0.1% | ||
| Q2 25 | 3.3% | 0.2% | ||
| Q1 25 | 6.0% | 0.2% | ||
| Q4 24 | 23.5% | 0.0% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 3.2% | 0.2% | ||
| Q1 24 | 6.2% | 0.2% |
| Q4 25 | 12.50× | -10.19× | ||
| Q3 25 | 2.49× | 2.95× | ||
| Q2 25 | 1.71× | 0.48× | ||
| Q1 25 | 1.57× | -0.63× | ||
| Q4 24 | 13.59× | -27.27× | ||
| Q3 24 | 2.28× | 1.46× | ||
| Q2 24 | 1.72× | -1.59× | ||
| Q1 24 | 1.01× | -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
APLE
| Occupancy | $293.0M | 90% |
| Hotel Other | $17.2M | 5% |
| Food And Beverage | $16.3M | 5% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
