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DELUXE CORP（DLX）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
DELUXE CORP的季度营收约是Forestar Group Inc.的2.0倍（$535.2M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 2.2%，领先3.4%），Forestar Group Inc.同比增速更快（9.0% vs 2.8%），过去两年DELUXE CORP的营收复合增速更高（0.0% vs -9.6%）
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
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。
DLX vs FOR — 直观对比
营收规模更大
DLX
是对方的2.0倍
$273.0M
营收增速更快
FOR
高出6.2%
2.8%
净利率更高
FOR
高出3.4%
2.2%
两年增速更快
DLX
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $535.2M | $273.0M |
| 净利润 | $12.0M | $15.4M |
| 毛利率 | 52.2% | 20.1% |
| 营业利润率 | 8.9% | 7.6% |
| 净利率 | 2.2% | 5.6% |
| 营收同比 | 2.8% | 9.0% |
| 净利润同比 | -5.0% | -6.7% |
| 每股收益（稀释后） | $0.25 | $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DLXFOR
| Q4 25 | $535.2M | $273.0M | ||
| Q3 25 | $540.2M | $670.5M | ||
| Q2 25 | $521.3M | $390.5M | ||
| Q1 25 | $536.5M | $351.0M | ||
| Q4 24 | $520.6M | $250.4M | ||
| Q3 24 | $528.4M | $551.3M | ||
| Q2 24 | $537.8M | $318.4M | ||
| Q1 24 | $535.0M | $333.8M |
净利润DLXFOR
| Q4 25 | $12.0M | $15.4M | ||
| Q3 25 | $33.7M | $86.9M | ||
| Q2 25 | $22.4M | $32.9M | ||
| Q1 25 | $14.0M | $31.6M | ||
| Q4 24 | $12.6M | $16.5M | ||
| Q3 24 | $8.9M | $81.5M | ||
| Q2 24 | $20.5M | $38.7M | ||
| Q1 24 | $10.8M | $45.0M |
毛利率DLXFOR
| Q4 25 | 52.2% | 20.1% | ||
| Q3 25 | 53.9% | 22.3% | ||
| Q2 25 | 53.6% | 20.4% | ||
| Q1 25 | 52.4% | 22.6% | ||
| Q4 24 | 52.3% | 22.0% | ||
| Q3 24 | 53.3% | 23.9% | ||
| Q2 24 | 53.7% | 22.5% | ||
| Q1 24 | 53.0% | 24.9% |
营业利润率DLXFOR
| Q4 25 | 8.9% | 7.6% | ||
| Q3 25 | 14.0% | 16.9% | ||
| Q2 25 | 11.7% | 11.2% | ||
| Q1 25 | 9.0% | 11.6% | ||
| Q4 24 | 9.0% | 8.7% | ||
| Q3 24 | 7.9% | 19.7% | ||
| Q2 24 | 11.0% | 16.2% | ||
| Q1 24 | 8.3% | 17.6% |
净利率DLXFOR
| Q4 25 | 2.2% | 5.6% | ||
| Q3 25 | 6.2% | 13.0% | ||
| Q2 25 | 4.3% | 8.4% | ||
| Q1 25 | 2.6% | 9.0% | ||
| Q4 24 | 2.4% | 6.6% | ||
| Q3 24 | 1.7% | 14.8% | ||
| Q2 24 | 3.8% | 12.2% | ||
| Q1 24 | 2.0% | 13.5% |
每股收益（稀释后）DLXFOR
| Q4 25 | $0.25 | $0.30 | ||
| Q3 25 | $0.74 | $1.70 | ||
| Q2 25 | $0.50 | $0.65 | ||
| Q1 25 | $0.31 | $0.62 | ||
| Q4 24 | $0.28 | $0.32 | ||
| Q3 24 | $0.20 | $1.59 | ||
| Q2 24 | $0.46 | $0.76 | ||
| Q1 24 | $0.24 | $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 | $36.9M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $680.7M | $1.8B |
| 总资产 | $2.9B | $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DLXFOR
| Q4 25 | $36.9M | $211.7M | ||
| Q3 25 | $25.8M | $379.2M | ||
| Q2 25 | $26.0M | $189.2M | ||
| Q1 25 | $30.3M | $174.3M | ||
| Q4 24 | $34.4M | $132.0M | ||
| Q3 24 | $41.3M | $481.2M | ||
| Q2 24 | $23.1M | $359.2M | ||
| Q1 24 | $23.5M | $416.2M |
总债务DLXFOR
| 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DLXFOR
| Q4 25 | $680.7M | $1.8B | ||
| Q3 25 | $664.1M | $1.8B | ||
| Q2 25 | $638.7M | $1.7B | ||
| Q1 25 | $622.5M | $1.6B | ||
| Q4 24 | $620.9M | $1.6B | ||
| Q3 24 | $612.7M | $1.6B | ||
| Q2 24 | $620.5M | $1.5B | ||
| Q1 24 | $608.4M | $1.5B |
总资产DLXFOR
| Q4 25 | $2.9B | $3.2B | ||
| Q3 25 | $2.6B | $3.1B | ||
| Q2 25 | $2.5B | $3.1B | ||
| Q1 25 | $2.6B | $3.0B | ||
| Q4 24 | $2.8B | $3.0B | ||
| Q3 24 | $2.6B | $2.8B | ||
| Q2 24 | $2.7B | $2.7B | ||
| Q1 24 | $2.7B | $2.6B |
负债/权益比DLXFOR
| 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 | $102.1M | $-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 | 8.53× | -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DLXFOR
| Q4 25 | $102.1M | $-157.0M | ||
| Q3 25 | $67.1M | $256.3M | ||
| Q2 25 | $51.1M | $15.8M | ||
| Q1 25 | $50.3M | $-19.8M | ||
| Q4 24 | $60.2M | $-450.0M | ||
| Q3 24 | $67.9M | $119.2M | ||
| Q2 24 | $39.6M | $-61.7M | ||
| Q1 24 | $26.6M | $-59.2M |
自由现金流DLXFOR
| Q4 25 | — | $-157.1M | ||
| Q3 25 | — | $255.6M | ||
| Q2 25 | $27.8M | $15.0M | ||
| Q1 25 | $24.3M | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $46.7M | $118.4M | ||
| Q2 24 | $11.4M | $-62.3M | ||
| Q1 24 | $6.1M | $-59.8M |
自由现金流率DLXFOR
| Q4 25 | — | -57.5% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | 5.3% | 3.8% | ||
| Q1 25 | 4.5% | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.8% | 21.5% | ||
| Q2 24 | 2.1% | -19.6% | ||
| Q1 24 | 1.1% | -17.9% |
资本支出强度DLXFOR
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | 4.5% | 0.2% | ||
| Q1 25 | 4.8% | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 4.0% | 0.1% | ||
| Q2 24 | 5.2% | 0.2% | ||
| Q1 24 | 3.8% | 0.2% |
现金转化率DLXFOR
| Q4 25 | 8.53× | -10.19× | ||
| Q3 25 | 1.99× | 2.95× | ||
| Q2 25 | 2.28× | 0.48× | ||
| Q1 25 | 3.59× | -0.63× | ||
| Q4 24 | 4.77× | -27.27× | ||
| Q3 24 | 7.60× | 1.46× | ||
| Q2 24 | 1.94× | -1.59× | ||
| Q1 24 | 2.46× | -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
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
