vs
B&G Foods, Inc.（BGS）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
B&G Foods, Inc.的季度营收约是Forestar Group Inc.的1.6倍（$439.3M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -4.4%，领先10.0%），Forestar Group Inc.同比增速更快（9.0% vs -4.7%），B&G Foods, Inc.自由现金流更多（$-70.7M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -12.8%）
B&G Foods是总部位于美国新泽西州帕西帕尼的品牌食品控股企业，创立于1996年，成立初衷是收购1889年诞生于曼哈顿的酸黄瓜、调味酱及调味品生产商Bloch & Guggenheimer，如今在北美食品领域拥有众多知名品牌。
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。
BGS vs FOR — 直观对比
营收规模更大
BGS
是对方的1.6倍
$273.0M
营收增速更快
FOR
高出13.7%
-4.7%
净利率更高
FOR
高出10.0%
-4.4%
自由现金流更多
BGS
多$86.4M
$-157.1M
两年增速更快
FOR
近两年复合增速
-12.8%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $439.3M | $273.0M |
| 净利润 | $-19.1M | $15.4M |
| 毛利率 | 22.5% | 20.1% |
| 营业利润率 | 2.5% | 7.6% |
| 净利率 | -4.4% | 5.6% |
| 营收同比 | -4.7% | 9.0% |
| 净利润同比 | -356.5% | -6.7% |
| 每股收益（稀释后） | $-0.24 | $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BGSFOR
| Q4 25 | — | $273.0M | ||
| Q3 25 | $439.3M | $670.5M | ||
| Q2 25 | $424.4M | $390.5M | ||
| Q1 25 | $425.4M | $351.0M | ||
| Q4 24 | $551.6M | $250.4M | ||
| Q3 24 | $461.1M | $551.3M | ||
| Q2 24 | $444.6M | $318.4M | ||
| Q1 24 | $475.2M | $333.8M |
净利润BGSFOR
| Q4 25 | — | $15.4M | ||
| Q3 25 | $-19.1M | $86.9M | ||
| Q2 25 | $-9.8M | $32.9M | ||
| Q1 25 | $835.0K | $31.6M | ||
| Q4 24 | $-222.4M | $16.5M | ||
| Q3 24 | $7.5M | $81.5M | ||
| Q2 24 | $3.9M | $38.7M | ||
| Q1 24 | $-40.2M | $45.0M |
毛利率BGSFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | 22.5% | 22.3% | ||
| Q2 25 | 20.5% | 20.4% | ||
| Q1 25 | 21.2% | 22.6% | ||
| Q4 24 | 21.5% | 22.0% | ||
| Q3 24 | 22.2% | 23.9% | ||
| Q2 24 | 20.7% | 22.5% | ||
| Q1 24 | 22.9% | 24.9% |
营业利润率BGSFOR
| Q4 25 | — | 7.6% | ||
| Q3 25 | 2.5% | 16.9% | ||
| Q2 25 | 5.2% | 11.2% | ||
| Q1 25 | 8.4% | 11.6% | ||
| Q4 24 | -46.6% | 8.7% | ||
| Q3 24 | 11.1% | 19.7% | ||
| Q2 24 | 9.9% | 16.2% | ||
| Q1 24 | -3.3% | 17.6% |
净利率BGSFOR
| Q4 25 | — | 5.6% | ||
| Q3 25 | -4.4% | 13.0% | ||
| Q2 25 | -2.3% | 8.4% | ||
| Q1 25 | 0.2% | 9.0% | ||
| Q4 24 | -40.3% | 6.6% | ||
| Q3 24 | 1.6% | 14.8% | ||
| Q2 24 | 0.9% | 12.2% | ||
| Q1 24 | -8.5% | 13.5% |
每股收益（稀释后）BGSFOR
| Q4 25 | — | $0.30 | ||
| Q3 25 | $-0.24 | $1.70 | ||
| Q2 25 | $-0.12 | $0.65 | ||
| Q1 25 | $0.01 | $0.62 | ||
| Q4 24 | $-2.81 | $0.32 | ||
| Q3 24 | $0.09 | $1.59 | ||
| Q2 24 | $0.05 | $0.76 | ||
| Q1 24 | $-0.51 | $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 | $60.9M | $211.7M |
| 总债务越低越好 | $2.0B | $793.2M |
| 股东权益账面价值 | $470.7M | $1.8B |
| 总资产 | $2.9B | $3.2B |
| 负债/权益比越低杠杆越低 | 4.30× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资BGSFOR
| Q4 25 | — | $211.7M | ||
| Q3 25 | $60.9M | $379.2M | ||
| Q2 25 | $54.1M | $189.2M | ||
| Q1 25 | $61.2M | $174.3M | ||
| Q4 24 | $50.6M | $132.0M | ||
| Q3 24 | $54.7M | $481.2M | ||
| Q2 24 | $40.3M | $359.2M | ||
| Q1 24 | $42.5M | $416.2M |
总债务BGSFOR
| Q4 25 | — | $793.2M | ||
| Q3 25 | $2.0B | $802.7M | ||
| Q2 25 | $2.0B | $872.8M | ||
| Q1 25 | $2.0B | $872.5M | ||
| Q4 24 | $2.0B | $806.8M | ||
| Q3 24 | $2.1B | $706.4M | ||
| Q2 24 | $2.0B | $706.1M | ||
| Q1 24 | $2.0B | $705.7M |
股东权益BGSFOR
| Q4 25 | — | $1.8B | ||
| Q3 25 | $470.7M | $1.8B | ||
| Q2 25 | $501.4M | $1.7B | ||
| Q1 25 | $513.1M | $1.6B | ||
| Q4 24 | $524.8M | $1.6B | ||
| Q3 24 | $755.3M | $1.6B | ||
| Q2 24 | $765.0M | $1.5B | ||
| Q1 24 | $781.2M | $1.5B |
总资产BGSFOR
| Q4 25 | — | $3.2B | ||
| Q3 25 | $2.9B | $3.1B | ||
| Q2 25 | $2.9B | $3.1B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $3.0B | $3.0B | ||
| Q3 24 | $3.4B | $2.8B | ||
| Q2 24 | $3.4B | $2.7B | ||
| Q1 24 | $3.4B | $2.6B |
负债/权益比BGSFOR
| Q4 25 | — | 0.44× | ||
| Q3 25 | 4.30× | 0.45× | ||
| Q2 25 | 3.97× | 0.52× | ||
| Q1 25 | 3.91× | 0.53× | ||
| Q4 24 | 3.85× | 0.50× | ||
| Q3 24 | 2.75× | 0.44× | ||
| Q2 24 | 2.67× | 0.47× | ||
| Q1 24 | 2.61× | 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 | $-64.6M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $-70.7M | $-157.1M |
| 自由现金流率自由现金流/营收 | -16.1% | -57.5% |
| 资本支出强度资本支出/营收 | 1.4% | 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 | $54.8M | $93.0M |
8季度趋势，按日历期对齐
经营现金流BGSFOR
| Q4 25 | — | $-157.0M | ||
| Q3 25 | $-64.6M | $256.3M | ||
| Q2 25 | $17.8M | $15.8M | ||
| Q1 25 | $52.7M | $-19.8M | ||
| Q4 24 | $80.3M | $-450.0M | ||
| Q3 24 | $4.2M | $119.2M | ||
| Q2 24 | $11.3M | $-61.7M | ||
| Q1 24 | $35.1M | $-59.2M |
自由现金流BGSFOR
| Q4 25 | — | $-157.1M | ||
| Q3 25 | $-70.7M | $255.6M | ||
| Q2 25 | $11.5M | $15.0M | ||
| Q1 25 | $42.4M | $-20.5M | ||
| Q4 24 | $71.7M | — | ||
| Q3 24 | $-679.0K | $118.4M | ||
| Q2 24 | $5.2M | $-62.3M | ||
| Q1 24 | $27.5M | $-59.8M |
自由现金流率BGSFOR
| Q4 25 | — | -57.5% | ||
| Q3 25 | -16.1% | 38.1% | ||
| Q2 25 | 2.7% | 3.8% | ||
| Q1 25 | 10.0% | -5.8% | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | -0.1% | 21.5% | ||
| Q2 24 | 1.2% | -19.6% | ||
| Q1 24 | 5.8% | -17.9% |
资本支出强度BGSFOR
| Q4 25 | — | 0.0% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.5% | 0.2% | ||
| Q1 25 | 2.4% | 0.2% | ||
| Q4 24 | 1.6% | 0.0% | ||
| Q3 24 | 1.0% | 0.1% | ||
| Q2 24 | 1.4% | 0.2% | ||
| Q1 24 | 1.6% | 0.2% |
现金转化率BGSFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | 63.17× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | 0.56× | 1.46× | ||
| Q2 24 | 2.87× | -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
BGS
| Specialty Segment | $150.5M | 34% |
| Meals Segment | $110.0M | 25% |
| Spices And Flavor Solutions Segment | $101.4M | 23% |
| Frozen And Vegetables Segment | $77.4M | 18% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
