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ASTEC INDUSTRIES INC（ASTE）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
ASTEC INDUSTRIES INC的季度营收约是Forestar Group Inc.的1.5倍（$400.6M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 3.0%，领先2.6%），ASTEC INDUSTRIES INC同比增速更快（11.6% vs 9.0%），ASTEC INDUSTRIES INC自由现金流更多（$7.4M vs $-157.1M），过去两年ASTEC INDUSTRIES INC的营收复合增速更高（13.8% vs -9.6%）
ASTEC是一家国际电子企业，原总部设于香港，主营电源供应装置与电力转换硬件产品，是全球计算机系统电源的主要供应商之一，曾一度是全球规模最大的电源生产商。
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。
ASTE vs FOR — 直观对比
营收规模更大
ASTE
是对方的1.5倍
$273.0M
营收增速更快
ASTE
高出2.6%
9.0%
净利率更高
FOR
高出2.6%
3.0%
自由现金流更多
ASTE
多$164.5M
$-157.1M
两年增速更快
ASTE
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $400.6M | $273.0M |
| 净利润 | $12.0M | $15.4M |
| 毛利率 | 27.3% | 20.1% |
| 营业利润率 | 5.7% | 7.6% |
| 净利率 | 3.0% | 5.6% |
| 营收同比 | 11.6% | 9.0% |
| 净利润同比 | -43.1% | -6.7% |
| 每股收益（稀释后） | $0.52 | $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ASTEFOR
| Q4 25 | $400.6M | $273.0M | ||
| Q3 25 | $350.1M | $670.5M | ||
| Q2 25 | $330.3M | $390.5M | ||
| Q1 25 | $329.4M | $351.0M | ||
| Q4 24 | $359.0M | $250.4M | ||
| Q3 24 | $291.4M | $551.3M | ||
| Q2 24 | $345.5M | $318.4M | ||
| Q1 24 | $309.2M | $333.8M |
净利润ASTEFOR
| Q4 25 | $12.0M | $15.4M | ||
| Q3 25 | $-4.2M | $86.9M | ||
| Q2 25 | $16.7M | $32.9M | ||
| Q1 25 | $14.3M | $31.6M | ||
| Q4 24 | $21.1M | $16.5M | ||
| Q3 24 | $-6.2M | $81.5M | ||
| Q2 24 | $-14.0M | $38.7M | ||
| Q1 24 | $3.4M | $45.0M |
毛利率ASTEFOR
| Q4 25 | 27.3% | 20.1% | ||
| Q3 25 | 24.1% | 22.3% | ||
| Q2 25 | 26.7% | 20.4% | ||
| Q1 25 | 28.1% | 22.6% | ||
| Q4 24 | 28.7% | 22.0% | ||
| Q3 24 | 22.9% | 23.9% | ||
| Q2 24 | 23.5% | 22.5% | ||
| Q1 24 | 24.9% | 24.9% |
营业利润率ASTEFOR
| Q4 25 | 5.7% | 7.6% | ||
| Q3 25 | 0.3% | 16.9% | ||
| Q2 25 | 6.5% | 11.2% | ||
| Q1 25 | 6.2% | 11.6% | ||
| Q4 24 | 9.7% | 8.7% | ||
| Q3 24 | -2.5% | 19.7% | ||
| Q2 24 | -3.1% | 16.2% | ||
| Q1 24 | 2.0% | 17.6% |
净利率ASTEFOR
| Q4 25 | 3.0% | 5.6% | ||
| Q3 25 | -1.2% | 13.0% | ||
| Q2 25 | 5.1% | 8.4% | ||
| Q1 25 | 4.3% | 9.0% | ||
| Q4 24 | 5.9% | 6.6% | ||
| Q3 24 | -2.1% | 14.8% | ||
| Q2 24 | -4.1% | 12.2% | ||
| Q1 24 | 1.1% | 13.5% |
每股收益（稀释后）ASTEFOR
| Q4 25 | $0.52 | $0.30 | ||
| Q3 25 | $-0.18 | $1.70 | ||
| Q2 25 | $0.72 | $0.65 | ||
| Q1 25 | $0.62 | $0.62 | ||
| Q4 24 | $0.92 | $0.32 | ||
| Q3 24 | $-0.27 | $1.59 | ||
| Q2 24 | $-0.61 | $0.76 | ||
| Q1 24 | $0.15 | $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 | $74.1M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $681.7M | $1.8B |
| 总资产 | $1.4B | $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ASTEFOR
| Q4 25 | $74.1M | $211.7M | ||
| Q3 25 | $71.8M | $379.2M | ||
| Q2 25 | $91.6M | $189.2M | ||
| Q1 25 | $95.4M | $174.3M | ||
| Q4 24 | $93.8M | $132.0M | ||
| Q3 24 | $58.9M | $481.2M | ||
| Q2 24 | $68.4M | $359.2M | ||
| Q1 24 | $63.8M | $416.2M |
总债务ASTEFOR
| 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ASTEFOR
| Q4 25 | $681.7M | $1.8B | ||
| Q3 25 | $668.9M | $1.8B | ||
| Q2 25 | $674.9M | $1.7B | ||
| Q1 25 | $653.2M | $1.6B | ||
| Q4 24 | $637.8M | $1.6B | ||
| Q3 24 | $631.4M | $1.6B | ||
| Q2 24 | $633.3M | $1.5B | ||
| Q1 24 | $650.3M | $1.5B |
总资产ASTEFOR
| Q4 25 | $1.4B | $3.2B | ||
| Q3 25 | $1.3B | $3.1B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B | ||
| Q1 24 | $1.1B | $2.6B |
负债/权益比ASTEFOR
| 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 | $36.1M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $7.4M | $-157.1M |
| 自由现金流率自由现金流/营收 | 1.8% | -57.5% |
| 资本支出强度资本支出/营收 | 7.2% | 0.0% |
| 现金转化率经营现金流/净利润 | 3.01× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $20.7M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ASTEFOR
| Q4 25 | $36.1M | $-157.0M | ||
| Q3 25 | $-8.1M | $256.3M | ||
| Q2 25 | $12.9M | $15.8M | ||
| Q1 25 | $20.5M | $-19.8M | ||
| Q4 24 | $36.6M | $-450.0M | ||
| Q3 24 | $22.5M | $119.2M | ||
| Q2 24 | $10.9M | $-61.7M | ||
| Q1 24 | $-47.0M | $-59.2M |
自由现金流ASTEFOR
| Q4 25 | $7.4M | $-157.1M | ||
| Q3 25 | $-12.3M | $255.6M | ||
| Q2 25 | $9.0M | $15.0M | ||
| Q1 25 | $16.6M | $-20.5M | ||
| Q4 24 | $32.1M | — | ||
| Q3 24 | $19.9M | $118.4M | ||
| Q2 24 | $3.3M | $-62.3M | ||
| Q1 24 | $-52.8M | $-59.8M |
自由现金流率ASTEFOR
| Q4 25 | 1.8% | -57.5% | ||
| Q3 25 | -3.5% | 38.1% | ||
| Q2 25 | 2.7% | 3.8% | ||
| Q1 25 | 5.0% | -5.8% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 6.8% | 21.5% | ||
| Q2 24 | 1.0% | -19.6% | ||
| Q1 24 | -17.1% | -17.9% |
资本支出强度ASTEFOR
| Q4 25 | 7.2% | 0.0% | ||
| Q3 25 | 1.2% | 0.1% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 1.3% | 0.0% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 2.2% | 0.2% | ||
| Q1 24 | 1.9% | 0.2% |
现金转化率ASTEFOR
| Q4 25 | 3.01× | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | 0.77× | 0.48× | ||
| Q1 25 | 1.43× | -0.63× | ||
| Q4 24 | 1.73× | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | -13.82× | -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
ASTE
| Infrastructure Group | $208.7M | 52% |
| Material Solutions | $105.3M | 26% |
| Parts And Component Sales | $58.3M | 15% |
| Other | $15.3M | 4% |
| Service And Equipment Installation Revenue | $6.9M | 2% |
| Cargo And Freight | $6.1M | 2% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
