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Arlo Technologies, Inc.（ARLO）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Arlo Technologies, Inc.的1.9倍（$273.0M vs $141.3M），Forestar Group Inc.净利率更高（5.6% vs 4.1%，领先1.6%），Arlo Technologies, Inc.同比增速更快（16.2% vs 9.0%），过去两年Arlo Technologies, Inc.的营收复合增速更高（6.7% vs -9.6%）
Arlo Technologies是一家专注于无线监控摄像头研发生产的美国企业。在2018年8月于纽交所完成首次公开募股之前，Arlo一直是网件（Netgear）旗下的监控产品品牌，IPO之后网件仍持有该公司多数控制权。
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。
ARLO vs FOR — 直观对比
营收规模更大
FOR
是对方的1.9倍
$141.3M
营收增速更快
ARLO
高出7.2%
9.0%
净利率更高
FOR
高出1.6%
4.1%
两年增速更快
ARLO
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $141.3M | $273.0M |
| 净利润 | $5.8M | $15.4M |
| 毛利率 | 46.4% | 20.1% |
| 营业利润率 | 3.3% | 7.6% |
| 净利率 | 4.1% | 5.6% |
| 营收同比 | 16.2% | 9.0% |
| 净利润同比 | 218.6% | -6.7% |
| 每股收益（稀释后） | $0.06 | $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ARLOFOR
| Q4 25 | $141.3M | $273.0M | ||
| Q3 25 | $139.5M | $670.5M | ||
| Q2 25 | $129.4M | $390.5M | ||
| Q1 25 | $119.1M | $351.0M | ||
| Q4 24 | $121.6M | $250.4M | ||
| Q3 24 | $137.7M | $551.3M | ||
| Q2 24 | $127.4M | $318.4M | ||
| Q1 24 | $124.2M | $333.8M |
净利润ARLOFOR
| Q4 25 | $5.8M | $15.4M | ||
| Q3 25 | $6.9M | $86.9M | ||
| Q2 25 | $3.1M | $32.9M | ||
| Q1 25 | $-835.0K | $31.6M | ||
| Q4 24 | $-4.9M | $16.5M | ||
| Q3 24 | $-4.4M | $81.5M | ||
| Q2 24 | $-11.6M | $38.7M | ||
| Q1 24 | $-9.6M | $45.0M |
毛利率ARLOFOR
| Q4 25 | 46.4% | 20.1% | ||
| Q3 25 | 40.5% | 22.3% | ||
| Q2 25 | 44.9% | 20.4% | ||
| Q1 25 | 44.3% | 22.6% | ||
| Q4 24 | 36.9% | 22.0% | ||
| Q3 24 | 35.2% | 23.9% | ||
| Q2 24 | 36.8% | 22.5% | ||
| Q1 24 | 38.1% | 24.9% |
营业利润率ARLOFOR
| Q4 25 | 3.3% | 7.6% | ||
| Q3 25 | 0.6% | 16.9% | ||
| Q2 25 | 1.5% | 11.2% | ||
| Q1 25 | -1.2% | 11.6% | ||
| Q4 24 | -5.0% | 8.7% | ||
| Q3 24 | -4.0% | 19.7% | ||
| Q2 24 | -10.0% | 16.2% | ||
| Q1 24 | -8.5% | 17.6% |
净利率ARLOFOR
| Q4 25 | 4.1% | 5.6% | ||
| Q3 25 | 4.9% | 13.0% | ||
| Q2 25 | 2.4% | 8.4% | ||
| Q1 25 | -0.7% | 9.0% | ||
| Q4 24 | -4.0% | 6.6% | ||
| Q3 24 | -3.2% | 14.8% | ||
| Q2 24 | -9.1% | 12.2% | ||
| Q1 24 | -7.8% | 13.5% |
每股收益（稀释后）ARLOFOR
| Q4 25 | $0.06 | $0.30 | ||
| Q3 25 | $0.06 | $1.70 | ||
| Q2 25 | $0.03 | $0.65 | ||
| Q1 25 | $-0.01 | $0.62 | ||
| Q4 24 | $-0.05 | $0.32 | ||
| Q3 24 | $-0.04 | $1.59 | ||
| Q2 24 | $-0.12 | $0.76 | ||
| Q1 24 | $-0.10 | $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 | $146.4M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $127.8M | $1.8B |
| 总资产 | $310.5M | $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ARLOFOR
| Q4 25 | $146.4M | $211.7M | ||
| Q3 25 | $86.0M | $379.2M | ||
| Q2 25 | $71.2M | $189.2M | ||
| Q1 25 | $84.0M | $174.3M | ||
| Q4 24 | $82.0M | $132.0M | ||
| Q3 24 | $77.0M | $481.2M | ||
| Q2 24 | $62.9M | $359.2M | ||
| Q1 24 | $62.1M | $416.2M |
总债务ARLOFOR
| 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ARLOFOR
| Q4 25 | $127.8M | $1.8B | ||
| Q3 25 | $129.2M | $1.8B | ||
| Q2 25 | $118.3M | $1.7B | ||
| Q1 25 | $103.4M | $1.6B | ||
| Q4 24 | $100.9M | $1.6B | ||
| Q3 24 | $96.9M | $1.6B | ||
| Q2 24 | $99.3M | $1.5B | ||
| Q1 24 | $99.9M | $1.5B |
总资产ARLOFOR
| Q4 25 | $310.5M | $3.2B | ||
| Q3 25 | $350.9M | $3.1B | ||
| Q2 25 | $319.7M | $3.1B | ||
| Q1 25 | $296.6M | $3.0B | ||
| Q4 24 | $298.4M | $3.0B | ||
| Q3 24 | $312.4M | $2.8B | ||
| Q2 24 | $295.8M | $2.7B | ||
| Q1 24 | $289.8M | $2.6B |
负债/权益比ARLOFOR
| 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 | $19.8M | $-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 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 3.43× | -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ARLOFOR
| Q4 25 | $19.8M | $-157.0M | ||
| Q3 25 | $19.2M | $256.3M | ||
| Q2 25 | $8.8M | $15.8M | ||
| Q1 25 | $30.9M | $-19.8M | ||
| Q4 24 | $6.7M | $-450.0M | ||
| Q3 24 | $18.4M | $119.2M | ||
| Q2 24 | $6.5M | $-61.7M | ||
| Q1 24 | $19.8M | $-59.2M |
自由现金流ARLOFOR
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | $28.1M | $-20.5M | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | $17.4M | $118.4M | ||
| Q2 24 | $6.2M | $-62.3M | ||
| Q1 24 | $19.4M | $-59.8M |
自由现金流率ARLOFOR
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | 23.6% | -5.8% | ||
| Q4 24 | 4.6% | — | ||
| Q3 24 | 12.6% | 21.5% | ||
| Q2 24 | 4.8% | -19.6% | ||
| Q1 24 | 15.7% | -17.9% |
资本支出强度ARLOFOR
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 0.7% | 0.1% | ||
| Q2 24 | 0.2% | 0.2% | ||
| Q1 24 | 0.3% | 0.2% |
现金转化率ARLOFOR
| Q4 25 | 3.43× | -10.19× | ||
| Q3 25 | 2.79× | 2.95× | ||
| Q2 25 | 2.83× | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | — | -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
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
