vs
Array Technologies, Inc.（ARRY）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Array Technologies, Inc.的1.2倍（$273.0M vs $226.0M），Forestar Group Inc.同比增速更快（9.0% vs -17.9%），Array Technologies, Inc.自由现金流更多（$36.2M vs $-157.1M），过去两年Array Technologies, Inc.的营收复合增速更高（21.4% vs -9.6%）
ATI科技是原加拿大半导体科技企业，总部位于安大略省万锦市，专注于图形处理器与芯片组的研发，1985年成立，1993年公开上市，2006年被AMD收购。作为全球知名的无晶圆厂半导体厂商，其掌握自研核心技术，生产组装环节采用外包模式。2000年3dfx破产后，ATI成为全球图形芯片领域的核心厂商之一。
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。
ARRY vs FOR — 直观对比
营收规模更大
FOR
是对方的1.2倍
$226.0M
营收增速更快
FOR
高出26.9%
-17.9%
自由现金流更多
ARRY
多$193.3M
$-157.1M
两年增速更快
ARRY
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $226.0M | $273.0M |
| 净利润 | — | $15.4M |
| 毛利率 | 8.6% | 20.1% |
| 营业利润率 | -65.5% | 7.6% |
| 净利率 | — | 5.6% |
| 营收同比 | -17.9% | 9.0% |
| 净利润同比 | — | -6.7% |
| 每股收益（稀释后） | $-1.06 | $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ARRYFOR
| Q4 25 | $226.0M | $273.0M | ||
| Q3 25 | $393.5M | $670.5M | ||
| Q2 25 | $362.2M | $390.5M | ||
| Q1 25 | $302.4M | $351.0M | ||
| Q4 24 | $275.2M | $250.4M | ||
| Q3 24 | $231.4M | $551.3M | ||
| Q2 24 | $255.8M | $318.4M | ||
| Q1 24 | $153.4M | $333.8M |
净利润ARRYFOR
| Q4 25 | — | $15.4M | ||
| Q3 25 | $33.5M | $86.9M | ||
| Q2 25 | $43.3M | $32.9M | ||
| Q1 25 | $16.7M | $31.6M | ||
| Q4 24 | — | $16.5M | ||
| Q3 24 | $-141.4M | $81.5M | ||
| Q2 24 | $25.7M | $38.7M | ||
| Q1 24 | $2.2M | $45.0M |
毛利率ARRYFOR
| Q4 25 | 8.6% | 20.1% | ||
| Q3 25 | 26.9% | 22.3% | ||
| Q2 25 | 26.8% | 20.4% | ||
| Q1 25 | 25.3% | 22.6% | ||
| Q4 24 | 28.5% | 22.0% | ||
| Q3 24 | 33.8% | 23.9% | ||
| Q2 24 | 33.6% | 22.5% | ||
| Q1 24 | 35.9% | 24.9% |
营业利润率ARRYFOR
| Q4 25 | -65.5% | 7.6% | ||
| Q3 25 | 11.6% | 16.9% | ||
| Q2 25 | 12.8% | 11.2% | ||
| Q1 25 | 9.0% | 11.6% | ||
| Q4 24 | -51.7% | 8.7% | ||
| Q3 24 | -57.3% | 19.7% | ||
| Q2 24 | 15.5% | 16.2% | ||
| Q1 24 | 5.5% | 17.6% |
净利率ARRYFOR
| Q4 25 | — | 5.6% | ||
| Q3 25 | 8.5% | 13.0% | ||
| Q2 25 | 11.9% | 8.4% | ||
| Q1 25 | 5.5% | 9.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | -61.1% | 14.8% | ||
| Q2 24 | 10.0% | 12.2% | ||
| Q1 24 | 1.4% | 13.5% |
每股收益（稀释后）ARRYFOR
| Q4 25 | $-1.06 | $0.30 | ||
| Q3 25 | $0.12 | $1.70 | ||
| Q2 25 | $0.19 | $0.65 | ||
| Q1 25 | $0.02 | $0.62 | ||
| Q4 24 | $-0.94 | $0.32 | ||
| Q3 24 | $-1.02 | $1.59 | ||
| Q2 24 | $0.08 | $0.76 | ||
| Q1 24 | $-0.07 | $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 | $244.4M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $-206.3M | $1.8B |
| 总资产 | $1.5B | $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ARRYFOR
| Q4 25 | $244.4M | $211.7M | ||
| Q3 25 | $221.5M | $379.2M | ||
| Q2 25 | $377.3M | $189.2M | ||
| Q1 25 | $348.3M | $174.3M | ||
| Q4 24 | $363.0M | $132.0M | ||
| Q3 24 | $332.4M | $481.2M | ||
| Q2 24 | $282.3M | $359.2M | ||
| Q1 24 | $287.6M | $416.2M |
总债务ARRYFOR
| 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ARRYFOR
| Q4 25 | $-206.3M | $1.8B | ||
| Q3 25 | $-46.7M | $1.8B | ||
| Q2 25 | $-70.9M | $1.7B | ||
| Q1 25 | $-97.8M | $1.6B | ||
| Q4 24 | $-118.1M | $1.6B | ||
| Q3 24 | $64.5M | $1.6B | ||
| Q2 24 | $200.0M | $1.5B | ||
| Q1 24 | $231.2M | $1.5B |
总资产ARRYFOR
| Q4 25 | $1.5B | $3.2B | ||
| Q3 25 | $1.6B | $3.1B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $3.0B | ||
| Q3 24 | $1.6B | $2.8B | ||
| Q2 24 | $1.7B | $2.7B | ||
| Q1 24 | $1.6B | $2.6B |
负债/权益比ARRYFOR
| 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 | $43.6M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $36.2M | $-157.1M |
| 自由现金流率自由现金流/营收 | 16.0% | -57.5% |
| 资本支出强度资本支出/营收 | 3.3% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $79.8M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ARRYFOR
| Q4 25 | $43.6M | $-157.0M | ||
| Q3 25 | $27.4M | $256.3M | ||
| Q2 25 | $43.8M | $15.8M | ||
| Q1 25 | $-13.1M | $-19.8M | ||
| Q4 24 | $57.6M | $-450.0M | ||
| Q3 24 | $44.9M | $119.2M | ||
| Q2 24 | $4.0M | $-61.7M | ||
| Q1 24 | $47.5M | $-59.2M |
自由现金流ARRYFOR
| Q4 25 | $36.2M | $-157.1M | ||
| Q3 25 | $21.9M | $255.6M | ||
| Q2 25 | $37.2M | $15.0M | ||
| Q1 25 | $-15.4M | $-20.5M | ||
| Q4 24 | $55.9M | — | ||
| Q3 24 | $43.9M | $118.4M | ||
| Q2 24 | $1.8M | $-62.3M | ||
| Q1 24 | $45.1M | $-59.8M |
自由现金流率ARRYFOR
| Q4 25 | 16.0% | -57.5% | ||
| Q3 25 | 5.6% | 38.1% | ||
| Q2 25 | 10.3% | 3.8% | ||
| Q1 25 | -5.1% | -5.8% | ||
| Q4 24 | 20.3% | — | ||
| Q3 24 | 19.0% | 21.5% | ||
| Q2 24 | 0.7% | -19.6% | ||
| Q1 24 | 29.4% | -17.9% |
资本支出强度ARRYFOR
| Q4 25 | 3.3% | 0.0% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.8% | 0.2% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.6% | 0.0% | ||
| Q3 24 | 0.5% | 0.1% | ||
| Q2 24 | 0.8% | 0.2% | ||
| Q1 24 | 1.6% | 0.2% |
现金转化率ARRYFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | 0.82× | 2.95× | ||
| Q2 25 | 1.01× | 0.48× | ||
| Q1 25 | -0.78× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | 0.15× | -1.59× | ||
| Q1 24 | 21.94× | -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
ARRY
| Array Legacy Operations Segment | $212.0M | 94% |
| STI Operations Segment | $14.0M | 6% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
