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CBIZ, Inc.（CBZ）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
CBIZ, Inc.的季度营收约是Forestar Group Inc.的3.1倍（$848.6M vs $273.0M），CBIZ, Inc.净利率更高（19.0% vs 5.6%，领先13.4%），Forestar Group Inc.同比增速更快（9.0% vs 1.3%），CBIZ, Inc.自由现金流更多（$-28.5M vs $-157.1M），过去两年CBIZ, Inc.的营收复合增速更高（42.1% vs -9.6%）
CBIZ, Inc.是美国知名的金融、保险及咨询服务提供商，总部位于俄亥俄州独立市，为美国规模最大的会计、保险经纪、金融与咨询服务机构之一。集团在全美设有120多个办事处，拥有近7000名员工，1996年起在纽交所上市，1997年起使用股票代码CBZ交易。
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。
CBZ vs FOR — 直观对比
营收规模更大
CBZ
是对方的3.1倍
$273.0M
营收增速更快
FOR
高出7.8%
1.3%
净利率更高
CBZ
高出13.4%
5.6%
自由现金流更多
CBZ
多$128.6M
$-157.1M
两年增速更快
CBZ
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $848.6M | $273.0M |
| 净利润 | $161.6M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 23.2% | 7.6% |
| 净利率 | 19.0% | 5.6% |
| 营收同比 | 1.3% | 9.0% |
| 净利润同比 | — | -6.7% |
| 每股收益（稀释后） | $2.63 | $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CBZFOR
| Q1 26 | $848.6M | — | ||
| Q4 25 | $542.7M | $273.0M | ||
| Q3 25 | $693.8M | $670.5M | ||
| Q2 25 | $683.5M | $390.5M | ||
| Q1 25 | $838.0M | $351.0M | ||
| Q4 24 | $460.3M | $250.4M | ||
| Q3 24 | $438.9M | $551.3M | ||
| Q2 24 | $420.0M | $318.4M |
净利润CBZFOR
| Q1 26 | $161.6M | — | ||
| Q4 25 | $-79.4M | $15.4M | ||
| Q3 25 | $30.1M | $86.9M | ||
| Q2 25 | $41.9M | $32.9M | ||
| Q1 25 | $122.8M | $31.6M | ||
| Q4 24 | $-90.7M | $16.5M | ||
| Q3 24 | $35.1M | $81.5M | ||
| Q2 24 | $19.8M | $38.7M |
毛利率CBZFOR
| Q1 26 | — | — | ||
| Q4 25 | -9.4% | 20.1% | ||
| Q3 25 | 13.0% | 22.3% | ||
| Q2 25 | 12.9% | 20.4% | ||
| Q1 25 | 27.2% | 22.6% | ||
| Q4 24 | -13.4% | 22.0% | ||
| Q3 24 | 16.6% | 23.9% | ||
| Q2 24 | 12.8% | 22.5% |
营业利润率CBZFOR
| Q1 26 | 23.2% | — | ||
| Q4 25 | -15.7% | 7.6% | ||
| Q3 25 | 8.5% | 16.9% | ||
| Q2 25 | 8.8% | 11.2% | ||
| Q1 25 | 23.9% | 11.6% | ||
| Q4 24 | -23.2% | 8.7% | ||
| Q3 24 | 11.3% | 19.7% | ||
| Q2 24 | 7.5% | 16.2% |
净利率CBZFOR
| Q1 26 | 19.0% | — | ||
| Q4 25 | -14.6% | 5.6% | ||
| Q3 25 | 4.3% | 13.0% | ||
| Q2 25 | 6.1% | 8.4% | ||
| Q1 25 | 14.7% | 9.0% | ||
| Q4 24 | -19.7% | 6.6% | ||
| Q3 24 | 8.0% | 14.8% | ||
| Q2 24 | 4.7% | 12.2% |
每股收益（稀释后）CBZFOR
| Q1 26 | $2.63 | — | ||
| Q4 25 | $-1.22 | $0.30 | ||
| Q3 25 | $0.48 | $1.70 | ||
| Q2 25 | $0.66 | $0.65 | ||
| Q1 25 | $1.91 | $0.62 | ||
| Q4 24 | $-1.84 | $0.32 | ||
| Q3 24 | $0.70 | $1.59 | ||
| Q2 24 | $0.39 | $0.76 |
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 | $28.7M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $1.9B | $1.8B |
| 总资产 | $4.6B | $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CBZFOR
| Q1 26 | $28.7M | — | ||
| Q4 25 | $18.3M | $211.7M | ||
| Q3 25 | $17.0M | $379.2M | ||
| Q2 25 | $39.8M | $189.2M | ||
| Q1 25 | $8.8M | $174.3M | ||
| Q4 24 | $13.8M | $132.0M | ||
| Q3 24 | $1.1M | $481.2M | ||
| Q2 24 | $1.1M | $359.2M |
总债务CBZFOR
| Q1 26 | — | — | ||
| 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 |
股东权益CBZFOR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.9B | $1.8B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $1.8B | $1.6B | ||
| Q3 24 | $927.9M | $1.6B | ||
| Q2 24 | $891.4M | $1.5B |
总资产CBZFOR
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.4B | $3.2B | ||
| Q3 25 | $4.5B | $3.1B | ||
| Q2 25 | $4.5B | $3.1B | ||
| Q1 25 | $4.6B | $3.0B | ||
| Q4 24 | $4.5B | $3.0B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.2B | $2.7B |
负债/权益比CBZFOR
| Q1 26 | — | — | ||
| 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× |
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 | $-25.5M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $-28.5M | $-157.1M |
| 自由现金流率自由现金流/营收 | -3.4% | -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 | -0.16× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $240.5M | $93.0M |
8季度趋势，按日历期对齐
经营现金流CBZFOR
| Q1 26 | $-25.5M | — | ||
| Q4 25 | $143.6M | $-157.0M | ||
| Q3 25 | $24.0M | $256.3M | ||
| Q2 25 | $113.1M | $15.8M | ||
| Q1 25 | $-88.3M | $-19.8M | ||
| Q4 24 | $55.5M | $-450.0M | ||
| Q3 24 | $43.7M | $119.2M | ||
| Q2 24 | $88.2M | $-61.7M |
自由现金流CBZFOR
| Q1 26 | $-28.5M | — | ||
| Q4 25 | $141.7M | $-157.1M | ||
| Q3 25 | $22.1M | $255.6M | ||
| Q2 25 | $105.2M | $15.0M | ||
| Q1 25 | $-93.4M | $-20.5M | ||
| Q4 24 | $52.3M | — | ||
| Q3 24 | $41.1M | $118.4M | ||
| Q2 24 | $86.3M | $-62.3M |
自由现金流率CBZFOR
| Q1 26 | -3.4% | — | ||
| Q4 25 | 26.1% | -57.5% | ||
| Q3 25 | 3.2% | 38.1% | ||
| Q2 25 | 15.4% | 3.8% | ||
| Q1 25 | -11.2% | -5.8% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 9.4% | 21.5% | ||
| Q2 24 | 20.5% | -19.6% |
资本支出强度CBZFOR
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 0.0% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.7% | 0.0% | ||
| Q3 24 | 0.6% | 0.1% | ||
| Q2 24 | 0.4% | 0.2% |
现金转化率CBZFOR
| Q1 26 | -0.16× | — | ||
| Q4 25 | — | -10.19× | ||
| Q3 25 | 0.79× | 2.95× | ||
| Q2 25 | 2.70× | 0.48× | ||
| Q1 25 | -0.72× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | 1.25× | 1.46× | ||
| Q2 24 | 4.45× | -1.59× |
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
CBZ
| Financial Services (1) | $740.3M | 87% |
| Benefits and Insurance Services | $108.2M | 13% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
