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Bandwidth Inc.（BAND）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Bandwidth Inc.的1.3倍（$273.0M vs $207.7M），Forestar Group Inc.同比增速更快（9.0% vs -1.1%），过去两年Bandwidth Inc.的营收复合增速更高（10.2% vs -9.6%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
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。
BAND vs FOR — 直观对比
营收规模更大
FOR
是对方的1.3倍
$207.7M
营收增速更快
FOR
高出10.1%
-1.1%
两年增速更快
BAND
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $207.7M | $273.0M |
| 净利润 | — | $15.4M |
| 毛利率 | 37.6% | 20.1% |
| 营业利润率 | -1.9% | 7.6% |
| 净利率 | — | 5.6% |
| 营收同比 | -1.1% | 9.0% |
| 净利润同比 | — | -6.7% |
| 每股收益（稀释后） | $-0.10 | $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BANDFOR
| Q4 25 | $207.7M | $273.0M | ||
| Q3 25 | $191.9M | $670.5M | ||
| Q2 25 | $180.0M | $390.5M | ||
| Q1 25 | $174.2M | $351.0M | ||
| Q4 24 | $210.0M | $250.4M | ||
| Q3 24 | $193.9M | $551.3M | ||
| Q2 24 | $173.6M | $318.4M | ||
| Q1 24 | $171.0M | $333.8M |
净利润BANDFOR
| Q4 25 | — | $15.4M | ||
| Q3 25 | $-1.2M | $86.9M | ||
| Q2 25 | $-4.9M | $32.9M | ||
| Q1 25 | $-3.7M | $31.6M | ||
| Q4 24 | — | $16.5M | ||
| Q3 24 | $413.0K | $81.5M | ||
| Q2 24 | $4.1M | $38.7M | ||
| Q1 24 | $-9.2M | $45.0M |
毛利率BANDFOR
| Q4 25 | 37.6% | 20.1% | ||
| Q3 25 | 38.5% | 22.3% | ||
| Q2 25 | 39.8% | 20.4% | ||
| Q1 25 | 41.0% | 22.6% | ||
| Q4 24 | 36.4% | 22.0% | ||
| Q3 24 | 37.7% | 23.9% | ||
| Q2 24 | 37.3% | 22.5% | ||
| Q1 24 | 38.3% | 24.9% |
营业利润率BANDFOR
| Q4 25 | -1.9% | 7.6% | ||
| Q3 25 | -1.0% | 16.9% | ||
| Q2 25 | -2.1% | 11.2% | ||
| Q1 25 | -2.7% | 11.6% | ||
| Q4 24 | -1.3% | 8.7% | ||
| Q3 24 | -0.5% | 19.7% | ||
| Q2 24 | -3.5% | 16.2% | ||
| Q1 24 | -6.1% | 17.6% |
净利率BANDFOR
| Q4 25 | — | 5.6% | ||
| Q3 25 | -0.6% | 13.0% | ||
| Q2 25 | -2.7% | 8.4% | ||
| Q1 25 | -2.1% | 9.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 0.2% | 14.8% | ||
| Q2 24 | 2.3% | 12.2% | ||
| Q1 24 | -5.4% | 13.5% |
每股收益（稀释后）BANDFOR
| Q4 25 | $-0.10 | $0.30 | ||
| Q3 25 | $-0.04 | $1.70 | ||
| Q2 25 | $-0.16 | $0.65 | ||
| Q1 25 | $-0.13 | $0.62 | ||
| Q4 24 | $0.27 | $0.32 | ||
| Q3 24 | $0.01 | $1.59 | ||
| Q2 24 | $-0.17 | $0.76 | ||
| Q1 24 | $-0.35 | $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 | $111.3M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $400.0M | $1.8B |
| 总资产 | $1.1B | $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BANDFOR
| Q4 25 | $111.3M | $211.7M | ||
| Q3 25 | $80.4M | $379.2M | ||
| Q2 25 | $68.1M | $189.2M | ||
| Q1 25 | $41.7M | $174.3M | ||
| Q4 24 | $83.8M | $132.0M | ||
| Q3 24 | $79.9M | $481.2M | ||
| Q2 24 | $76.4M | $359.2M | ||
| Q1 24 | $147.2M | $416.2M |
总债务BANDFOR
| 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BANDFOR
| Q4 25 | $400.0M | $1.8B | ||
| Q3 25 | $392.7M | $1.8B | ||
| Q2 25 | $384.5M | $1.7B | ||
| Q1 25 | $345.4M | $1.6B | ||
| Q4 24 | $312.5M | $1.6B | ||
| Q3 24 | $336.6M | $1.6B | ||
| Q2 24 | $307.4M | $1.5B | ||
| Q1 24 | $298.2M | $1.5B |
总资产BANDFOR
| Q4 25 | $1.1B | $3.2B | ||
| Q3 25 | $1.0B | $3.1B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | $964.4M | $3.0B | ||
| Q4 24 | $989.2M | $3.0B | ||
| Q3 24 | $1.0B | $2.8B | ||
| Q2 24 | $1.0B | $2.7B | ||
| Q1 24 | $1.1B | $2.6B |
负债/权益比BANDFOR
| 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 | $38.6M | $-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 | — | -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BANDFOR
| Q4 25 | $38.6M | $-157.0M | ||
| Q3 25 | $22.2M | $256.3M | ||
| Q2 25 | $31.7M | $15.8M | ||
| Q1 25 | $-3.1M | $-19.8M | ||
| Q4 24 | $36.5M | $-450.0M | ||
| Q3 24 | $20.5M | $119.2M | ||
| Q2 24 | $24.4M | $-61.7M | ||
| Q1 24 | $2.5M | $-59.2M |
自由现金流BANDFOR
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | — | $15.0M | ||
| Q1 25 | — | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $118.4M | ||
| Q2 24 | — | $-62.3M | ||
| Q1 24 | — | $-59.8M |
自由现金流率BANDFOR
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 21.5% | ||
| Q2 24 | — | -19.6% | ||
| Q1 24 | — | -17.9% |
资本支出强度BANDFOR
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | — | 0.2% |
现金转化率BANDFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | 49.55× | 1.46× | ||
| Q2 24 | 6.03× | -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
BAND
| Messaging Surcharges | $192.4M | 93% |
| Other | $15.2M | 7% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
