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CBL & ASSOCIATES PROPERTIES INC（CBL）与弗雷斯特研究公司（FORR）财务数据对比。点击上方公司名可切换其他公司
CBL & ASSOCIATES PROPERTIES INC的季度营收约是弗雷斯特研究公司的1.5倍（$156.4M vs $101.1M），CBL & ASSOCIATES PROPERTIES INC净利率更高（31.3% vs -33.5%，领先64.8%），CBL & ASSOCIATES PROPERTIES INC同比增速更快（18.8% vs -6.5%），过去两年CBL & ASSOCIATES PROPERTIES INC的营收复合增速更高（10.1% vs 0.5%）
CBL联合地产是一家美国房地产投资信托企业，核心投资布局为购物中心与商业摩尔，业务主要集中在美国东南部与中西部地区。公司在特拉华州注册，总部设于田纳西州查塔努加，该城市也是其最大的布局市场，公司名称取自创始人查尔斯·B·勒博维茨的姓名首字母。
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
CBL vs FORR — 直观对比
营收规模更大
CBL
是对方的1.5倍
$101.1M
营收增速更快
CBL
高出25.2%
-6.5%
净利率更高
CBL
高出64.8%
-33.5%
两年增速更快
CBL
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $156.4M | $101.1M |
| 净利润 | $49.0M | $-33.9M |
| 毛利率 | — | 56.7% |
| 营业利润率 | — | -36.6% |
| 净利率 | 31.3% | -33.5% |
| 营收同比 | 18.8% | -6.5% |
| 净利润同比 | 29.0% | -7941.4% |
| 每股收益（稀释后） | $1.61 | $-1.75 |
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CBLFORR
| Q4 25 | $156.4M | $101.1M | ||
| Q3 25 | $139.3M | $94.3M | ||
| Q2 25 | $140.9M | $111.7M | ||
| Q1 25 | $141.8M | $89.9M | ||
| Q4 24 | $131.7M | $108.0M | ||
| Q3 24 | $125.1M | $102.5M | ||
| Q2 24 | $129.7M | $121.8M | ||
| Q1 24 | $129.1M | $100.1M |
净利润CBLFORR
| Q4 25 | $49.0M | $-33.9M | ||
| Q3 25 | $75.4M | $-2.1M | ||
| Q2 25 | $2.8M | $3.9M | ||
| Q1 25 | $8.8M | $-87.3M | ||
| Q4 24 | $38.0M | $432.0K | ||
| Q3 24 | $16.2M | $-5.8M | ||
| Q2 24 | $4.7M | $6.3M | ||
| Q1 24 | $50.0K | $-6.7M |
毛利率CBLFORR
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 54.9% |
营业利润率CBLFORR
| Q4 25 | — | -36.6% | ||
| Q3 25 | — | 4.7% | ||
| Q2 25 | — | 6.2% | ||
| Q1 25 | — | -97.5% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | — | -9.3% |
净利率CBLFORR
| Q4 25 | 31.3% | -33.5% | ||
| Q3 25 | 54.2% | -2.3% | ||
| Q2 25 | 2.0% | 3.5% | ||
| Q1 25 | 6.2% | -97.1% | ||
| Q4 24 | 28.8% | 0.4% | ||
| Q3 24 | 12.9% | -5.7% | ||
| Q2 24 | 3.7% | 5.2% | ||
| Q1 24 | 0.0% | -6.7% |
每股收益（稀释后）CBLFORR
| Q4 25 | $1.61 | $-1.75 | ||
| Q3 25 | $2.38 | $-0.11 | ||
| Q2 25 | $0.08 | $0.20 | ||
| Q1 25 | $0.27 | $-4.62 | ||
| Q4 24 | $1.22 | $0.02 | ||
| Q3 24 | $0.52 | $-0.30 | ||
| Q2 24 | $0.14 | $0.33 | ||
| Q1 24 | $-0.01 | $-0.35 |
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 | $42.3M | $63.3M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $374.9M | $126.5M |
| 总资产 | $2.7B | $404.0M |
| 负债/权益比越低杠杆越低 | 5.79× | — |
8季度趋势，按日历期对齐
现金及短期投资CBLFORR
| Q4 25 | $42.3M | $63.3M | ||
| Q3 25 | $52.6M | $65.1M | ||
| Q2 25 | $100.3M | $67.8M | ||
| Q1 25 | $100.3M | $75.6M | ||
| Q4 24 | $40.8M | $56.1M | ||
| Q3 24 | $65.1M | $62.8M | ||
| Q2 24 | $57.7M | $58.9M | ||
| Q1 24 | $57.7M | $61.4M |
总债务CBLFORR
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益CBLFORR
| Q4 25 | $374.9M | $126.5M | ||
| Q3 25 | $351.4M | $157.7M | ||
| Q2 25 | $289.4M | $159.5M | ||
| Q1 25 | $295.0M | $147.4M | ||
| Q4 24 | $323.5M | $229.5M | ||
| Q3 24 | $308.3M | $234.3M | ||
| Q2 24 | $308.8M | $237.1M | ||
| Q1 24 | $324.2M | $230.9M |
总资产CBLFORR
| Q4 25 | $2.7B | $404.0M | ||
| Q3 25 | $2.7B | $414.2M | ||
| Q2 25 | $2.6B | $436.0M | ||
| Q1 25 | $2.6B | $439.8M | ||
| Q4 24 | $2.7B | $503.9M | ||
| Q3 24 | $2.2B | $505.3M | ||
| Q2 24 | $2.3B | $524.2M | ||
| Q1 24 | $2.3B | $555.7M |
负债/权益比CBLFORR
| Q4 25 | 5.79× | — | ||
| Q3 25 | 6.21× | — | ||
| Q2 25 | 7.39× | — | ||
| Q1 25 | 7.29× | — | ||
| Q4 24 | 6.84× | — | ||
| Q3 24 | 5.76× | — | ||
| Q2 24 | 6.00× | — | ||
| Q1 24 | 5.74× | — |
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 | $249.7M | $-3.2M |
| 自由现金流经营现金流 - 资本支出 | — | $-4.3M |
| 自由现金流率自由现金流/营收 | — | -4.2% |
| 资本支出强度资本支出/营收 | — | 1.1% |
| 现金转化率经营现金流/净利润 | 5.10× | — |
| 过去12个月自由现金流最近4个季度 | — | $18.1M |
8季度趋势，按日历期对齐
经营现金流CBLFORR
| Q4 25 | $249.7M | $-3.2M | ||
| Q3 25 | $69.6M | $1.2M | ||
| Q2 25 | $68.3M | $-3.6M | ||
| Q1 25 | $31.7M | $26.7M | ||
| Q4 24 | $202.2M | $-1.8M | ||
| Q3 24 | $61.1M | $264.0K | ||
| Q2 24 | $64.2M | $-2.9M | ||
| Q1 24 | $30.7M | $611.0K |
自由现金流CBLFORR
| Q4 25 | — | $-4.3M | ||
| Q3 25 | — | $524.0K | ||
| Q2 25 | — | $-4.2M | ||
| Q1 25 | — | $26.1M | ||
| Q4 24 | — | $-2.5M | ||
| Q3 24 | $46.0M | $-223.0K | ||
| Q2 24 | $54.8M | $-3.7M | ||
| Q1 24 | $24.7M | $-815.0K |
自由现金流率CBLFORR
| Q4 25 | — | -4.2% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | -3.8% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | 36.8% | -0.2% | ||
| Q2 24 | 42.2% | -3.1% | ||
| Q1 24 | 19.1% | -0.8% |
资本支出强度CBLFORR
| Q4 25 | — | 1.1% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | 12.1% | 0.5% | ||
| Q2 24 | 7.3% | 0.7% | ||
| Q1 24 | 4.7% | 1.4% |
现金转化率CBLFORR
| Q4 25 | 5.10× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 24.74× | -0.93× | ||
| Q1 25 | 3.60× | — | ||
| Q4 24 | 5.32× | -4.24× | ||
| Q3 24 | 3.77× | — | ||
| Q2 24 | 13.54× | -0.46× | ||
| Q1 24 | 614.76× | — |
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
CBL
暂无分部数据
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
