vs
Asana, Inc.（ASAN）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Asana, Inc.的1.4倍（$273.0M vs $201.0M），Forestar Group Inc.净利率更高（5.6% vs -34.0%，领先39.7%），Asana, Inc.同比增速更快（9.3% vs 9.0%），Asana, Inc.自由现金流更多（$15.5M vs $-157.1M），过去两年Asana, Inc.的营收复合增速更高（8.4% vs -9.6%）
Asana是一家总部位于美国旧金山的软件企业，由达斯汀·莫斯科维茨和贾斯汀·罗森斯坦于2008年创立，核心产品是同名工作管理平台，支持网页端与移动端使用，可帮助团队梳理、跟踪及统筹各类工作事项，2012年4月正式商业化推出，2020年9月直接上市，当时估值达55亿美元。
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。
ASAN vs FOR — 直观对比
营收规模更大
FOR
是对方的1.4倍
$201.0M
营收增速更快
ASAN
高出0.3%
9.0%
净利率更高
FOR
高出39.7%
-34.0%
自由现金流更多
ASAN
多$172.6M
$-157.1M
两年增速更快
ASAN
近两年复合增速
-9.6%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $201.0M | $273.0M |
| 净利润 | $-68.4M | $15.4M |
| 毛利率 | 88.9% | 20.1% |
| 营业利润率 | -34.8% | 7.6% |
| 净利率 | -34.0% | 5.6% |
| 营收同比 | 9.3% | 9.0% |
| 净利润同比 | -19.4% | -6.7% |
| 每股收益（稀释后） | $-0.29 | $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ASANFOR
| Q4 25 | $201.0M | $273.0M | ||
| Q3 25 | $196.9M | $670.5M | ||
| Q2 25 | $187.3M | $390.5M | ||
| Q1 25 | $188.3M | $351.0M | ||
| Q4 24 | $183.9M | $250.4M | ||
| Q3 24 | $179.2M | $551.3M | ||
| Q2 24 | $172.4M | $318.4M | ||
| Q1 24 | $171.1M | $333.8M |
净利润ASANFOR
| Q4 25 | $-68.4M | $15.4M | ||
| Q3 25 | $-48.4M | $86.9M | ||
| Q2 25 | $-40.0M | $32.9M | ||
| Q1 25 | $-62.3M | $31.6M | ||
| Q4 24 | $-57.3M | $16.5M | ||
| Q3 24 | $-72.2M | $81.5M | ||
| Q2 24 | $-63.7M | $38.7M | ||
| Q1 24 | $-62.4M | $45.0M |
毛利率ASANFOR
| Q4 25 | 88.9% | 20.1% | ||
| Q3 25 | 89.7% | 22.3% | ||
| Q2 25 | 89.7% | 20.4% | ||
| Q1 25 | 89.6% | 22.6% | ||
| Q4 24 | 89.2% | 22.0% | ||
| Q3 24 | 88.8% | 23.9% | ||
| Q2 24 | 89.7% | 22.5% | ||
| Q1 24 | 89.8% | 24.9% |
营业利润率ASANFOR
| Q4 25 | -34.8% | 7.6% | ||
| Q3 25 | -25.1% | 16.9% | ||
| Q2 25 | -23.4% | 11.2% | ||
| Q1 25 | -33.8% | 11.6% | ||
| Q4 24 | -32.7% | 8.7% | ||
| Q3 24 | -42.9% | 19.7% | ||
| Q2 24 | -38.4% | 16.2% | ||
| Q1 24 | -39.7% | 17.6% |
净利率ASANFOR
| Q4 25 | -34.0% | 5.6% | ||
| Q3 25 | -24.6% | 13.0% | ||
| Q2 25 | -21.4% | 8.4% | ||
| Q1 25 | -33.1% | 9.0% | ||
| Q4 24 | -31.2% | 6.6% | ||
| Q3 24 | -40.3% | 14.8% | ||
| Q2 24 | -37.0% | 12.2% | ||
| Q1 24 | -36.5% | 13.5% |
每股收益（稀释后）ASANFOR
| Q4 25 | $-0.29 | $0.30 | ||
| Q3 25 | $-0.20 | $1.70 | ||
| Q2 25 | $-0.17 | $0.65 | ||
| Q1 25 | $-0.27 | $0.62 | ||
| Q4 24 | $-0.25 | $0.32 | ||
| Q3 24 | $-0.31 | $1.59 | ||
| Q2 24 | $-0.28 | $0.76 | ||
| Q1 24 | $-0.28 | $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 | $183.5M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $188.4M | $1.8B |
| 总资产 | $840.4M | $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ASANFOR
| Q4 25 | $183.5M | $211.7M | ||
| Q3 25 | $184.1M | $379.2M | ||
| Q2 25 | $193.8M | $189.2M | ||
| Q1 25 | $184.7M | $174.3M | ||
| Q4 24 | $196.8M | $132.0M | ||
| Q3 24 | $219.4M | $481.2M | ||
| Q2 24 | $222.0M | $359.2M | ||
| Q1 24 | $236.7M | $416.2M |
总债务ASANFOR
| 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ASANFOR
| Q4 25 | $188.4M | $1.8B | ||
| Q3 25 | $224.6M | $1.8B | ||
| Q2 25 | $236.3M | $1.7B | ||
| Q1 25 | $227.5M | $1.6B | ||
| Q4 24 | $239.3M | $1.6B | ||
| Q3 24 | $291.9M | $1.6B | ||
| Q2 24 | $319.9M | $1.5B | ||
| Q1 24 | $326.4M | $1.5B |
总资产ASANFOR
| Q4 25 | $840.4M | $3.2B | ||
| Q3 25 | $883.2M | $3.1B | ||
| Q2 25 | $877.1M | $3.1B | ||
| Q1 25 | $891.4M | $3.0B | ||
| Q4 24 | $874.2M | $3.0B | ||
| Q3 24 | $945.4M | $2.8B | ||
| Q2 24 | $978.2M | $2.7B | ||
| Q1 24 | $962.0M | $2.6B |
负债/权益比ASANFOR
| 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 | $16.2M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $15.5M | $-157.1M |
| 自由现金流率自由现金流/营收 | 7.7% | -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 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $74.5M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ASANFOR
| Q4 25 | $16.2M | $-157.0M | ||
| Q3 25 | $39.8M | $256.3M | ||
| Q2 25 | $6.8M | $15.8M | ||
| Q1 25 | $15.9M | $-19.8M | ||
| Q4 24 | $-14.9M | $-450.0M | ||
| Q3 24 | $15.9M | $119.2M | ||
| Q2 24 | $-1.9M | $-61.7M | ||
| Q1 24 | $-15.3M | $-59.2M |
自由现金流ASANFOR
| Q4 25 | $15.5M | $-157.1M | ||
| Q3 25 | $38.5M | $255.6M | ||
| Q2 25 | $6.1M | $15.0M | ||
| Q1 25 | $14.3M | $-20.5M | ||
| Q4 24 | $-16.3M | — | ||
| Q3 24 | $14.2M | $118.4M | ||
| Q2 24 | $-2.9M | $-62.3M | ||
| Q1 24 | $-15.8M | $-59.8M |
自由现金流率ASANFOR
| Q4 25 | 7.7% | -57.5% | ||
| Q3 25 | 19.6% | 38.1% | ||
| Q2 25 | 3.3% | 3.8% | ||
| Q1 25 | 7.6% | -5.8% | ||
| Q4 24 | -8.8% | — | ||
| Q3 24 | 7.9% | 21.5% | ||
| Q2 24 | -1.7% | -19.6% | ||
| Q1 24 | -9.3% | -17.9% |
资本支出强度ASANFOR
| Q4 25 | 0.3% | 0.0% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.3% | 0.2% | ||
| Q1 25 | 0.8% | 0.2% | ||
| Q4 24 | 0.7% | 0.0% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 0.6% | 0.2% | ||
| Q1 24 | 0.3% | 0.2% |
现金转化率ASANFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 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
ASAN
| US | $118.5M | 59% |
| Non Us | $82.5M | 41% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
