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多邻国（DUOL）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
多邻国的季度营收约是Forestar Group Inc.的1.1倍（$295.5M vs $273.0M），多邻国净利率更高（11.9% vs 5.6%，领先6.2%），多邻国同比增速更快（27.0% vs 9.0%），多邻国自由现金流更多（$103.0M vs $-157.1M），过去两年多邻国的营收复合增速更高（28.7% vs -9.6%）
多邻国是全球知名教育科技企业，提供覆盖40余种语言的免费及付费游戏化自适应学习课程，同时推出官方语言能力认证、数学学习、扫盲教育等服务，面向个人用户、教育机构及企业客户提供多元学习解决方案。
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。
DUOL vs FOR — 直观对比
营收规模更大
DUOL
是对方的1.1倍
$273.0M
营收增速更快
DUOL
高出18.0%
9.0%
净利率更高
DUOL
高出6.2%
5.6%
自由现金流更多
DUOL
多$260.1M
$-157.1M
两年增速更快
DUOL
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $295.5M | $273.0M |
| 净利润 | $35.1M | $15.4M |
| 毛利率 | 55.5% | 20.1% |
| 营业利润率 | 8.0% | 7.6% |
| 净利率 | 11.9% | 5.6% |
| 营收同比 | 27.0% | 9.0% |
| 净利润同比 | 24.0% | -6.7% |
| 每股收益（稀释后） | $0.72 | $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DUOLFOR
| Q1 26 | $295.5M | — | ||
| Q4 25 | $282.9M | $273.0M | ||
| Q3 25 | $271.7M | $670.5M | ||
| Q2 25 | $252.3M | $390.5M | ||
| Q1 25 | $230.7M | $351.0M | ||
| Q4 24 | $209.6M | $250.4M | ||
| Q3 24 | $192.6M | $551.3M | ||
| Q2 24 | $178.3M | $318.4M |
净利润DUOLFOR
| Q1 26 | $35.1M | — | ||
| Q4 25 | $42.0M | $15.4M | ||
| Q3 25 | $292.2M | $86.9M | ||
| Q2 25 | $44.8M | $32.9M | ||
| Q1 25 | $35.1M | $31.6M | ||
| Q4 24 | $13.9M | $16.5M | ||
| Q3 24 | $23.4M | $81.5M | ||
| Q2 24 | $24.4M | $38.7M |
毛利率DUOLFOR
| Q1 26 | 55.5% | — | ||
| Q4 25 | 72.8% | 20.1% | ||
| Q3 25 | 72.5% | 22.3% | ||
| Q2 25 | 72.4% | 20.4% | ||
| Q1 25 | 71.1% | 22.6% | ||
| Q4 24 | 71.9% | 22.0% | ||
| Q3 24 | 72.9% | 23.9% | ||
| Q2 24 | 73.4% | 22.5% |
营业利润率DUOLFOR
| Q1 26 | 8.0% | — | ||
| Q4 25 | 15.4% | 7.6% | ||
| Q3 25 | 12.9% | 16.9% | ||
| Q2 25 | 13.2% | 11.2% | ||
| Q1 25 | 10.2% | 11.6% | ||
| Q4 24 | 6.6% | 8.7% | ||
| Q3 24 | 7.0% | 19.7% | ||
| Q2 24 | 10.5% | 16.2% |
净利率DUOLFOR
| Q1 26 | 11.9% | — | ||
| Q4 25 | 14.8% | 5.6% | ||
| Q3 25 | 107.5% | 13.0% | ||
| Q2 25 | 17.8% | 8.4% | ||
| Q1 25 | 15.2% | 9.0% | ||
| Q4 24 | 6.6% | 6.6% | ||
| Q3 24 | 12.1% | 14.8% | ||
| Q2 24 | 13.7% | 12.2% |
每股收益（稀释后）DUOLFOR
| Q1 26 | $0.72 | — | ||
| Q4 25 | $0.99 | $0.30 | ||
| Q3 25 | $5.95 | $1.70 | ||
| Q2 25 | $0.91 | $0.65 | ||
| Q1 25 | $0.72 | $0.62 | ||
| Q4 24 | $0.31 | $0.32 | ||
| Q3 24 | $0.49 | $1.59 | ||
| Q2 24 | $0.51 | $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 | $1.1B | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $1.3B | $1.8B |
| 总资产 | $2.0B | $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DUOLFOR
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.0B | $211.7M | ||
| Q3 25 | $1.0B | $379.2M | ||
| Q2 25 | $976.2M | $189.2M | ||
| Q1 25 | $884.0M | $174.3M | ||
| Q4 24 | $785.8M | $132.0M | ||
| Q3 24 | $854.4M | $481.2M | ||
| Q2 24 | $888.2M | $359.2M |
总债务DUOLFOR
| 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DUOLFOR
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $977.0M | $1.7B | ||
| Q1 25 | $893.8M | $1.6B | ||
| Q4 24 | $824.5M | $1.6B | ||
| Q3 24 | $822.5M | $1.6B | ||
| Q2 24 | $766.9M | $1.5B |
总资产DUOLFOR
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $3.2B | ||
| Q3 25 | $1.9B | $3.1B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.3B | $3.0B | ||
| Q3 24 | $1.2B | $2.8B | ||
| Q2 24 | $1.1B | $2.7B |
负债/权益比DUOLFOR
| 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 | $105.6M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $103.0M | $-157.1M |
| 自由现金流率自由现金流/营收 | 34.9% | -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 | 3.01× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $368.4M | $93.0M |
8季度趋势，按日历期对齐
经营现金流DUOLFOR
| Q1 26 | $105.6M | — | ||
| Q4 25 | $107.3M | $-157.0M | ||
| Q3 25 | $84.2M | $256.3M | ||
| Q2 25 | $90.7M | $15.8M | ||
| Q1 25 | $105.6M | $-19.8M | ||
| Q4 24 | $83.3M | $-450.0M | ||
| Q3 24 | $56.3M | $119.2M | ||
| Q2 24 | $62.4M | $-61.7M |
自由现金流DUOLFOR
| Q1 26 | $103.0M | — | ||
| Q4 25 | $96.6M | $-157.1M | ||
| Q3 25 | $79.4M | $255.6M | ||
| Q2 25 | $89.5M | $15.0M | ||
| Q1 25 | $104.3M | $-20.5M | ||
| Q4 24 | $81.4M | — | ||
| Q3 24 | $53.1M | $118.4M | ||
| Q2 24 | $56.8M | $-62.3M |
自由现金流率DUOLFOR
| Q1 26 | 34.9% | — | ||
| Q4 25 | 34.1% | -57.5% | ||
| Q3 25 | 29.2% | 38.1% | ||
| Q2 25 | 35.5% | 3.8% | ||
| Q1 25 | 45.2% | -5.8% | ||
| Q4 24 | 38.8% | — | ||
| Q3 24 | 27.6% | 21.5% | ||
| Q2 24 | 31.9% | -19.6% |
资本支出强度DUOLFOR
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 0.0% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.6% | 0.2% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 1.7% | 0.1% | ||
| Q2 24 | 3.1% | 0.2% |
现金转化率DUOLFOR
| Q1 26 | 3.01× | — | ||
| Q4 25 | 2.56× | -10.19× | ||
| Q3 25 | 0.29× | 2.95× | ||
| Q2 25 | 2.02× | 0.48× | ||
| Q1 25 | 3.01× | -0.63× | ||
| Q4 24 | 5.99× | -27.27× | ||
| Q3 24 | 2.41× | 1.46× | ||
| Q2 24 | 2.56× | -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
DUOL
| Bookings | $283.5M | 96% |
| Other | $12.0M | 4% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
