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ATN International, Inc.（ATNI）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ATN International, Inc.的1.6倍（$273.0M vs $169.1M），Forestar Group Inc.净利率更高（5.6% vs -4.0%，领先9.7%），Forestar Group Inc.同比增速更快（9.0% vs 1.2%），ATN International, Inc.自由现金流更多（$7.1M vs $-157.1M），过去两年ATN International, Inc.的营收复合增速更高（-1.1% vs -9.6%）
ATN International是一家上市电信企业，总部位于美国马萨诸塞州贝弗利，前身为大西洋电信网络公司。该公司运营数字无线、固线通信网络，以及地面和海底光纤网络，服务于地理分散、地形复杂的市场，覆盖美国的平原、沙漠与山区等区域。
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。
ATNI vs FOR — 直观对比
营收规模更大
FOR
是对方的1.6倍
$169.1M
营收增速更快
FOR
高出7.8%
1.2%
净利率更高
FOR
高出9.7%
-4.0%
自由现金流更多
ATNI
多$164.2M
$-157.1M
两年增速更快
ATNI
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $169.1M | $273.0M |
| 净利润 | $-6.8M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 9.3% | 7.6% |
| 净利率 | -4.0% | 5.6% |
| 营收同比 | 1.2% | 9.0% |
| 净利润同比 | -261.7% | -6.7% |
| 每股收益（稀释后） | $-0.31 | $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ATNIFOR
| Q4 25 | $169.1M | $273.0M | ||
| Q3 25 | $166.9M | $670.5M | ||
| Q2 25 | $166.5M | $390.5M | ||
| Q1 25 | $164.6M | $351.0M | ||
| Q4 24 | $167.1M | $250.4M | ||
| Q3 24 | $164.6M | $551.3M | ||
| Q2 24 | $169.4M | $318.4M | ||
| Q1 24 | $172.9M | $333.8M |
净利润ATNIFOR
| Q4 25 | $-6.8M | $15.4M | ||
| Q3 25 | $3.9M | $86.9M | ||
| Q2 25 | $-9.3M | $32.9M | ||
| Q1 25 | $-11.4M | $31.6M | ||
| Q4 24 | $4.2M | $16.5M | ||
| Q3 24 | $-39.5M | $81.5M | ||
| Q2 24 | $11.3M | $38.7M | ||
| Q1 24 | $-7.9M | $45.0M |
毛利率ATNIFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% | ||
| Q1 24 | — | 24.9% |
营业利润率ATNIFOR
| Q4 25 | 9.3% | 7.6% | ||
| Q3 25 | 5.9% | 16.9% | ||
| Q2 25 | 0.1% | 11.2% | ||
| Q1 25 | 1.6% | 11.6% | ||
| Q4 24 | 5.2% | 8.7% | ||
| Q3 24 | -23.3% | 19.7% | ||
| Q2 24 | 14.4% | 16.2% | ||
| Q1 24 | 2.6% | 17.6% |
净利率ATNIFOR
| Q4 25 | -4.0% | 5.6% | ||
| Q3 25 | 2.4% | 13.0% | ||
| Q2 25 | -5.6% | 8.4% | ||
| Q1 25 | -6.9% | 9.0% | ||
| Q4 24 | 2.5% | 6.6% | ||
| Q3 24 | -24.0% | 14.8% | ||
| Q2 24 | 6.7% | 12.2% | ||
| Q1 24 | -4.6% | 13.5% |
每股收益（稀释后）ATNIFOR
| Q4 25 | $-0.31 | $0.30 | ||
| Q3 25 | $0.18 | $1.70 | ||
| Q2 25 | $-0.56 | $0.65 | ||
| Q1 25 | $-0.69 | $0.62 | ||
| Q4 24 | $0.16 | $0.32 | ||
| Q3 24 | $-2.26 | $1.59 | ||
| Q2 24 | $0.50 | $0.76 | ||
| Q1 24 | $-0.50 | $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 | $102.9M | $211.7M |
| 总债务越低越好 | $565.2M | $793.2M |
| 股东权益账面价值 | $444.3M | $1.8B |
| 总资产 | $1.7B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.27× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ATNIFOR
| Q4 25 | $102.9M | $211.7M | ||
| Q3 25 | $106.6M | $379.2M | ||
| Q2 25 | $99.4M | $189.2M | ||
| Q1 25 | $83.8M | $174.3M | ||
| Q4 24 | $73.7M | $132.0M | ||
| Q3 24 | $101.0M | $481.2M | ||
| Q2 24 | $59.2M | $359.2M | ||
| Q1 24 | $56.8M | $416.2M |
总债务ATNIFOR
| Q4 25 | $565.2M | $793.2M | ||
| Q3 25 | $579.6M | $802.7M | ||
| Q2 25 | $583.4M | $872.8M | ||
| Q1 25 | $562.4M | $872.5M | ||
| Q4 24 | $557.4M | $806.8M | ||
| Q3 24 | $568.9M | $706.4M | ||
| Q2 24 | $540.8M | $706.1M | ||
| Q1 24 | $541.3M | $705.7M |
股东权益ATNIFOR
| Q4 25 | $444.3M | $1.8B | ||
| Q3 25 | $452.3M | $1.8B | ||
| Q2 25 | $458.7M | $1.7B | ||
| Q1 25 | $473.3M | $1.6B | ||
| Q4 24 | $489.5M | $1.6B | ||
| Q3 24 | $490.8M | $1.6B | ||
| Q2 24 | $526.8M | $1.5B | ||
| Q1 24 | $530.0M | $1.5B |
总资产ATNIFOR
| Q4 25 | $1.7B | $3.2B | ||
| Q3 25 | $1.7B | $3.1B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $1.7B | $3.0B | ||
| Q4 24 | $1.7B | $3.0B | ||
| Q3 24 | $1.8B | $2.8B | ||
| Q2 24 | $1.8B | $2.7B | ||
| Q1 24 | $1.8B | $2.6B |
负债/权益比ATNIFOR
| Q4 25 | 1.27× | 0.44× | ||
| Q3 25 | 1.28× | 0.45× | ||
| Q2 25 | 1.27× | 0.52× | ||
| Q1 25 | 1.19× | 0.53× | ||
| Q4 24 | 1.14× | 0.50× | ||
| Q3 24 | 1.16× | 0.44× | ||
| Q2 24 | 1.03× | 0.47× | ||
| Q1 24 | 1.02× | 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 | $36.2M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $7.1M | $-157.1M |
| 自由现金流率自由现金流/营收 | 4.2% | -57.5% |
| 资本支出强度资本支出/营收 | 17.2% | 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 | $43.9M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ATNIFOR
| Q4 25 | $36.2M | $-157.0M | ||
| Q3 25 | $37.8M | $256.3M | ||
| Q2 25 | $23.9M | $15.8M | ||
| Q1 25 | $35.9M | $-19.8M | ||
| Q4 24 | $30.5M | $-450.0M | ||
| Q3 24 | $39.0M | $119.2M | ||
| Q2 24 | $35.2M | $-61.7M | ||
| Q1 24 | $23.2M | $-59.2M |
自由现金流ATNIFOR
| Q4 25 | $7.1M | $-157.1M | ||
| Q3 25 | $18.9M | $255.6M | ||
| Q2 25 | $2.8M | $15.0M | ||
| Q1 25 | $15.1M | $-20.5M | ||
| Q4 24 | $5.8M | — | ||
| Q3 24 | $15.2M | $118.4M | ||
| Q2 24 | $9.4M | $-62.3M | ||
| Q1 24 | $-12.8M | $-59.8M |
自由现金流率ATNIFOR
| Q4 25 | 4.2% | -57.5% | ||
| Q3 25 | 11.3% | 38.1% | ||
| Q2 25 | 1.7% | 3.8% | ||
| Q1 25 | 9.2% | -5.8% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 9.2% | 21.5% | ||
| Q2 24 | 5.6% | -19.6% | ||
| Q1 24 | -7.4% | -17.9% |
资本支出强度ATNIFOR
| Q4 25 | 17.2% | 0.0% | ||
| Q3 25 | 11.3% | 0.1% | ||
| Q2 25 | 12.7% | 0.2% | ||
| Q1 25 | 12.7% | 0.2% | ||
| Q4 24 | 14.8% | 0.0% | ||
| Q3 24 | 14.5% | 0.1% | ||
| Q2 24 | 15.2% | 0.2% | ||
| Q1 24 | 20.8% | 0.2% |
现金转化率ATNIFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | 9.62× | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | 7.24× | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | 3.11× | -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
ATNI
| Us Telecommunications | $86.9M | 51% |
| Fixed Consumer | $42.8M | 25% |
| Fixed Business | $18.5M | 11% |
| Transferred At Point In Time | $7.2M | 4% |
| Mobility Business | $5.3M | 3% |
| Other Revenue | $4.2M | 2% |
| Other Communication Services | $3.2M | 2% |
| Managed Services | $1.2M | 1% |
| Construction Services | $448.0K | 0% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
