vs
BRADY CORP（BRC）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
BRADY CORP的季度营收约是Forestar Group Inc.的1.5倍（$405.3M vs $273.0M），BRADY CORP净利率更高（13.3% vs 5.6%，领先7.7%），Forestar Group Inc.同比增速更快（9.0% vs 7.5%），BRADY CORP自由现金流更多（$22.4M vs $-157.1M），过去两年BRADY CORP的营收复合增速更高（12.1% vs -9.6%）
布雷迪公司是美国特种产品、技术设备及标识解决方案供应商，1914年创立，总部位于威斯康星州密尔沃基，在美洲、欧洲、亚洲、澳洲拥有6600名员工，业务覆盖全球，为各行业客户提供工作场景所需的零部件标识相关产品与服务。
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。
BRC vs FOR — 直观对比
营收规模更大
BRC
是对方的1.5倍
$273.0M
营收增速更快
FOR
高出1.5%
7.5%
净利率更高
BRC
高出7.7%
5.6%
自由现金流更多
BRC
多$179.5M
$-157.1M
两年增速更快
BRC
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $405.3M | $273.0M |
| 净利润 | $53.9M | $15.4M |
| 毛利率 | 51.5% | 20.1% |
| 营业利润率 | 16.8% | 7.6% |
| 净利率 | 13.3% | 5.6% |
| 营收同比 | 7.5% | 9.0% |
| 净利润同比 | 15.3% | -6.7% |
| 每股收益（稀释后） | — | $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BRCFOR
| Q4 25 | $405.3M | $273.0M | ||
| Q3 25 | $397.3M | $670.5M | ||
| Q2 25 | $382.6M | $390.5M | ||
| Q1 25 | $356.7M | $351.0M | ||
| Q4 24 | $377.1M | $250.4M | ||
| Q3 24 | $343.4M | $551.3M | ||
| Q2 24 | $343.4M | $318.4M | ||
| Q1 24 | $322.6M | $333.8M |
净利润BRCFOR
| Q4 25 | $53.9M | $15.4M | ||
| Q3 25 | $49.9M | $86.9M | ||
| Q2 25 | $52.3M | $32.9M | ||
| Q1 25 | $40.3M | $31.6M | ||
| Q4 24 | $46.8M | $16.5M | ||
| Q3 24 | $55.5M | $81.5M | ||
| Q2 24 | $50.9M | $38.7M | ||
| Q1 24 | $43.6M | $45.0M |
毛利率BRCFOR
| Q4 25 | 51.5% | 20.1% | ||
| Q3 25 | 50.4% | 22.3% | ||
| Q2 25 | 51.0% | 20.4% | ||
| Q1 25 | 49.3% | 22.6% | ||
| Q4 24 | 50.3% | 22.0% | ||
| Q3 24 | 51.6% | 23.9% | ||
| Q2 24 | 51.6% | 22.5% | ||
| Q1 24 | 50.2% | 24.9% |
营业利润率BRCFOR
| Q4 25 | 16.8% | 7.6% | ||
| Q3 25 | 14.9% | 16.9% | ||
| Q2 25 | 17.6% | 11.2% | ||
| Q1 25 | 14.4% | 11.6% | ||
| Q4 24 | 15.6% | 8.7% | ||
| Q3 24 | 19.3% | 19.7% | ||
| Q2 24 | 18.5% | 16.2% | ||
| Q1 24 | 16.7% | 17.6% |
净利率BRCFOR
| Q4 25 | 13.3% | 5.6% | ||
| Q3 25 | 12.6% | 13.0% | ||
| Q2 25 | 13.7% | 8.4% | ||
| Q1 25 | 11.3% | 9.0% | ||
| Q4 24 | 12.4% | 6.6% | ||
| Q3 24 | 16.1% | 14.8% | ||
| Q2 24 | 14.8% | 12.2% | ||
| Q1 24 | 13.5% | 13.5% |
每股收益（稀释后）BRCFOR
| Q4 25 | — | $0.30 | ||
| Q3 25 | — | $1.70 | ||
| Q2 25 | — | $0.65 | ||
| Q1 25 | — | $0.62 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | — | $1.59 | ||
| Q2 24 | — | $0.76 | ||
| Q1 24 | — | $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 | $182.7M | $211.7M |
| 总债务越低越好 | $115.9M | $793.2M |
| 股东权益账面价值 | $1.2B | $1.8B |
| 总资产 | $1.8B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.09× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资BRCFOR
| Q4 25 | $182.7M | $211.7M | ||
| Q3 25 | $174.3M | $379.2M | ||
| Q2 25 | $152.2M | $189.2M | ||
| Q1 25 | $138.5M | $174.3M | ||
| Q4 24 | $145.7M | $132.0M | ||
| Q3 24 | $250.1M | $481.2M | ||
| Q2 24 | $160.5M | $359.2M | ||
| Q1 24 | $143.9M | $416.2M |
总债务BRCFOR
| Q4 25 | $115.9M | $793.2M | ||
| Q3 25 | $99.8M | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | $90.9M | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益BRCFOR
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.2B | $1.8B | ||
| Q2 25 | $1.2B | $1.7B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $1.0B | $1.5B |
总资产BRCFOR
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.7B | $3.1B | ||
| Q2 25 | $1.7B | $3.1B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.6B | $3.0B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.4B | $2.6B |
负债/权益比BRCFOR
| Q4 25 | 0.09× | 0.44× | ||
| Q3 25 | 0.08× | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | 0.09× | 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 | $33.4M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $22.4M | $-157.1M |
| 自由现金流率自由现金流/营收 | 5.5% | -57.5% |
| 资本支出强度资本支出/营收 | 2.7% | 0.0% |
| 现金转化率经营现金流/净利润 | 0.62× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $159.9M | $93.0M |
8季度趋势，按日历期对齐
经营现金流BRCFOR
| Q4 25 | $33.4M | $-157.0M | ||
| Q3 25 | $58.3M | $256.3M | ||
| Q2 25 | $59.9M | $15.8M | ||
| Q1 25 | $39.6M | $-19.8M | ||
| Q4 24 | $23.4M | $-450.0M | ||
| Q3 24 | $84.0M | $119.2M | ||
| Q2 24 | $72.7M | $-61.7M | ||
| Q1 24 | $36.1M | $-59.2M |
自由现金流BRCFOR
| Q4 25 | $22.4M | $-157.1M | ||
| Q3 25 | $49.4M | $255.6M | ||
| Q2 25 | $55.6M | $15.0M | ||
| Q1 25 | $32.5M | $-20.5M | ||
| Q4 24 | $16.1M | — | ||
| Q3 24 | $73.2M | $118.4M | ||
| Q2 24 | $64.4M | $-62.3M | ||
| Q1 24 | $-13.5M | $-59.8M |
自由现金流率BRCFOR
| Q4 25 | 5.5% | -57.5% | ||
| Q3 25 | 12.4% | 38.1% | ||
| Q2 25 | 14.5% | 3.8% | ||
| Q1 25 | 9.1% | -5.8% | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 21.3% | 21.5% | ||
| Q2 24 | 18.8% | -19.6% | ||
| Q1 24 | -4.2% | -17.9% |
资本支出强度BRCFOR
| Q4 25 | 2.7% | 0.0% | ||
| Q3 25 | 2.2% | 0.1% | ||
| Q2 25 | 1.1% | 0.2% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 1.9% | 0.0% | ||
| Q3 24 | 3.1% | 0.1% | ||
| Q2 24 | 2.4% | 0.2% | ||
| Q1 24 | 15.4% | 0.2% |
现金转化率BRCFOR
| Q4 25 | 0.62× | -10.19× | ||
| Q3 25 | 1.17× | 2.95× | ||
| Q2 25 | 1.15× | 0.48× | ||
| Q1 25 | 0.98× | -0.63× | ||
| Q4 24 | 0.50× | -27.27× | ||
| Q3 24 | 1.51× | 1.46× | ||
| Q2 24 | 1.43× | -1.59× | ||
| Q1 24 | 0.83× | -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
BRC
| Americas Asia | $215.1M | 53% |
| Europe Australia | $119.9M | 30% |
| Other | $70.2M | 17% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
