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APOGEE ENTERPRISES, INC.（APOG）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
APOGEE ENTERPRISES, INC.的季度营收约是Forestar Group Inc.的1.3倍（$351.4M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 4.7%，领先0.9%），Forestar Group Inc.同比增速更快（9.0% vs 1.6%），过去两年APOGEE ENTERPRISES, INC.的营收复合增速更高（2.9% vs -9.6%）
Apogee Enterprises是一家美国音频设备制造商，主营音频接口、模数与数模转换器、USB及iOS麦克风，同时还开发音频制作相关软件，产品广泛服务于专业录音、音乐创作等音频领域，在全球音频行业拥有较高的认可度。
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。
APOG vs FOR — 直观对比
营收规模更大
APOG
是对方的1.3倍
$273.0M
营收增速更快
FOR
高出7.4%
1.6%
净利率更高
FOR
高出0.9%
4.7%
两年增速更快
APOG
近两年复合增速
-9.6%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $351.4M | $273.0M |
| 净利润 | $16.6M | $15.4M |
| 毛利率 | 22.4% | 20.1% |
| 营业利润率 | 7.3% | 7.6% |
| 净利率 | 4.7% | 5.6% |
| 营收同比 | 1.6% | 9.0% |
| 净利润同比 | 568.8% | -6.7% |
| 每股收益（稀释后） | $0.78 | $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APOGFOR
| Q1 26 | $351.4M | — | ||
| Q4 25 | $348.6M | $273.0M | ||
| Q3 25 | $358.2M | $670.5M | ||
| Q2 25 | $346.6M | $390.5M | ||
| Q1 25 | $345.7M | $351.0M | ||
| Q4 24 | $341.3M | $250.4M | ||
| Q3 24 | $342.4M | $551.3M | ||
| Q2 24 | $331.5M | $318.4M |
净利润APOGFOR
| Q1 26 | $16.6M | — | ||
| Q4 25 | $16.5M | $15.4M | ||
| Q3 25 | $23.6M | $86.9M | ||
| Q2 25 | $-2.7M | $32.9M | ||
| Q1 25 | $2.5M | $31.6M | ||
| Q4 24 | $21.0M | $16.5M | ||
| Q3 24 | $30.6M | $81.5M | ||
| Q2 24 | $31.0M | $38.7M |
毛利率APOGFOR
| Q1 26 | 22.4% | — | ||
| Q4 25 | 23.8% | 20.1% | ||
| Q3 25 | 23.1% | 22.3% | ||
| Q2 25 | 21.7% | 20.4% | ||
| Q1 25 | 21.6% | 22.6% | ||
| Q4 24 | 26.1% | 22.0% | ||
| Q3 24 | 28.4% | 23.9% | ||
| Q2 24 | 29.8% | 22.5% |
营业利润率APOGFOR
| Q1 26 | 7.3% | — | ||
| Q4 25 | 7.1% | 7.6% | ||
| Q3 25 | 7.5% | 16.9% | ||
| Q2 25 | 2.0% | 11.2% | ||
| Q1 25 | 1.8% | 11.6% | ||
| Q4 24 | 8.4% | 8.7% | ||
| Q3 24 | 12.3% | 19.7% | ||
| Q2 24 | 12.5% | 16.2% |
净利率APOGFOR
| Q1 26 | 4.7% | — | ||
| Q4 25 | 4.7% | 5.6% | ||
| Q3 25 | 6.6% | 13.0% | ||
| Q2 25 | -0.8% | 8.4% | ||
| Q1 25 | 0.7% | 9.0% | ||
| Q4 24 | 6.1% | 6.6% | ||
| Q3 24 | 8.9% | 14.8% | ||
| Q2 24 | 9.4% | 12.2% |
每股收益（稀释后）APOGFOR
| Q1 26 | $0.78 | — | ||
| Q4 25 | $0.77 | $0.30 | ||
| Q3 25 | $1.10 | $1.70 | ||
| Q2 25 | $-0.13 | $0.65 | ||
| Q1 25 | $0.12 | $0.62 | ||
| Q4 24 | $0.96 | $0.32 | ||
| Q3 24 | $1.40 | $1.59 | ||
| Q2 24 | $1.41 | $0.76 |
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 | $39.5M | $211.7M |
| 总债务越低越好 | $232.3M | $793.2M |
| 股东权益账面价值 | $511.8M | $1.8B |
| 总资产 | $1.1B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资APOGFOR
| Q1 26 | $39.5M | — | ||
| Q4 25 | $41.3M | $211.7M | ||
| Q3 25 | $39.5M | $379.2M | ||
| Q2 25 | $32.8M | $189.2M | ||
| Q1 25 | $41.4M | $174.3M | ||
| Q4 24 | $43.9M | $132.0M | ||
| Q3 24 | $51.0M | $481.2M | ||
| Q2 24 | $30.4M | $359.2M |
总债务APOGFOR
| Q1 26 | $232.3M | — | ||
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | $285.0M | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M |
股东权益APOGFOR
| Q1 26 | $511.8M | — | ||
| Q4 25 | $512.3M | $1.8B | ||
| Q3 25 | $500.2M | $1.8B | ||
| Q2 25 | $481.8M | $1.7B | ||
| Q1 25 | $487.9M | $1.6B | ||
| Q4 24 | $522.1M | $1.6B | ||
| Q3 24 | $506.4M | $1.6B | ||
| Q2 24 | $480.0M | $1.5B |
总资产APOGFOR
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $1.2B | $3.1B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $3.0B | ||
| Q3 24 | $917.1M | $2.8B | ||
| Q2 24 | $889.0M | $2.7B |
负债/权益比APOGFOR
| Q1 26 | 0.45× | — | ||
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | 0.58× | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× |
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 | $122.5M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | — | $-157.1M |
| 自由现金流率自由现金流/营收 | — | -57.5% |
| 资本支出强度资本支出/营收 | 7.8% | 0.0% |
| 现金转化率经营现金流/净利润 | 7.37× | -10.19× |
| 过去12个月自由现金流最近4个季度 | — | $93.0M |
8季度趋势，按日历期对齐
经营现金流APOGFOR
| Q1 26 | $122.5M | — | ||
| Q4 25 | $29.3M | $-157.0M | ||
| Q3 25 | $57.1M | $256.3M | ||
| Q2 25 | $-19.8M | $15.8M | ||
| Q1 25 | $30.0M | $-19.8M | ||
| Q4 24 | $31.0M | $-450.0M | ||
| Q3 24 | $58.7M | $119.2M | ||
| Q2 24 | $5.5M | $-61.7M |
自由现金流APOGFOR
| Q1 26 | — | — | ||
| Q4 25 | $22.9M | $-157.1M | ||
| Q3 25 | $52.4M | $255.6M | ||
| Q2 25 | $-26.9M | $15.0M | ||
| Q1 25 | $19.1M | $-20.5M | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $50.2M | $118.4M | ||
| Q2 24 | $-1.8M | $-62.3M |
自由现金流率APOGFOR
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | -57.5% | ||
| Q3 25 | 14.6% | 38.1% | ||
| Q2 25 | -7.8% | 3.8% | ||
| Q1 25 | 5.5% | -5.8% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 14.7% | 21.5% | ||
| Q2 24 | -0.5% | -19.6% |
资本支出强度APOGFOR
| Q1 26 | 7.8% | — | ||
| Q4 25 | 1.9% | 0.0% | ||
| Q3 25 | 1.3% | 0.1% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 3.2% | 0.2% | ||
| Q4 24 | 2.6% | 0.0% | ||
| Q3 24 | 2.5% | 0.1% | ||
| Q2 24 | 2.2% | 0.2% |
现金转化率APOGFOR
| Q1 26 | 7.37× | — | ||
| Q4 25 | 1.77× | -10.19× | ||
| Q3 25 | 2.41× | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | 12.08× | -0.63× | ||
| Q4 24 | 1.48× | -27.27× | ||
| Q3 24 | 1.92× | 1.46× | ||
| Q2 24 | 0.18× | -1.59× |
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
APOG
| Architectural Services | $127.1M | 36% |
| Architectural Metals | $110.0M | 31% |
| Architectural Glass | $67.4M | 19% |
| Performance Surfaces | $54.3M | 15% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
