vs
Elastic N.V.（ESTC）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
Elastic N.V.的季度营收约是Forestar Group Inc.的1.6倍（$423.5M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -12.1%，领先17.8%），Elastic N.V.同比增速更快（15.9% vs 9.0%），Elastic N.V.自由现金流更多（$26.0M vs $-157.1M），过去两年Elastic N.V.的营收复合增速更高（13.6% vs -9.6%）
Elastic是荷美合资软件企业，2012年成立于荷兰阿姆斯特丹，运营总部分设于荷兰及美国加利福尼亚州旧金山市，于纽交所上市。公司提供企业级搜索、可观测性、网络安全平台，可支持用户实现大规模数据搜索分析、系统性能监测及异常检测。
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。
ESTC vs FOR — 直观对比
营收规模更大
ESTC
是对方的1.6倍
$273.0M
营收增速更快
ESTC
高出6.9%
9.0%
净利率更高
FOR
高出17.8%
-12.1%
自由现金流更多
ESTC
多$183.1M
$-157.1M
两年增速更快
ESTC
近两年复合增速
-9.6%
损益表 — Q2 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $423.5M | $273.0M |
| 净利润 | $-51.3M | $15.4M |
| 毛利率 | 75.9% | 20.1% |
| 营业利润率 | -1.9% | 7.6% |
| 净利率 | -12.1% | 5.6% |
| 营收同比 | 15.9% | 9.0% |
| 净利润同比 | -101.5% | -6.7% |
| 每股收益（稀释后） | $-0.48 | $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ESTCFOR
| Q4 25 | $423.5M | $273.0M | ||
| Q3 25 | $415.3M | $670.5M | ||
| Q2 25 | $388.4M | $390.5M | ||
| Q1 25 | $382.1M | $351.0M | ||
| Q4 24 | $365.4M | $250.4M | ||
| Q3 24 | $347.4M | $551.3M | ||
| Q2 24 | $335.0M | $318.4M | ||
| Q1 24 | $328.0M | $333.8M |
净利润ESTCFOR
| Q4 25 | $-51.3M | $15.4M | ||
| Q3 25 | $-24.6M | $86.9M | ||
| Q2 25 | $-16.4M | $32.9M | ||
| Q1 25 | $-17.1M | $31.6M | ||
| Q4 24 | $-25.4M | $16.5M | ||
| Q3 24 | $-49.2M | $81.5M | ||
| Q2 24 | $-41.1M | $38.7M | ||
| Q1 24 | $176.1M | $45.0M |
毛利率ESTCFOR
| Q4 25 | 75.9% | 20.1% | ||
| Q3 25 | 76.7% | 22.3% | ||
| Q2 25 | 74.8% | 20.4% | ||
| Q1 25 | 74.6% | 22.6% | ||
| Q4 24 | 74.5% | 22.0% | ||
| Q3 24 | 73.6% | 23.9% | ||
| Q2 24 | 73.8% | 22.5% | ||
| Q1 24 | 74.2% | 24.9% |
营业利润率ESTCFOR
| Q4 25 | -1.9% | 7.6% | ||
| Q3 25 | -2.3% | 16.9% | ||
| Q2 25 | -3.1% | 11.2% | ||
| Q1 25 | -1.2% | 11.6% | ||
| Q4 24 | -1.2% | 8.7% | ||
| Q3 24 | -9.7% | 19.7% | ||
| Q2 24 | -13.6% | 16.2% | ||
| Q1 24 | -8.1% | 17.6% |
净利率ESTCFOR
| Q4 25 | -12.1% | 5.6% | ||
| Q3 25 | -5.9% | 13.0% | ||
| Q2 25 | -4.2% | 8.4% | ||
| Q1 25 | -4.5% | 9.0% | ||
| Q4 24 | -7.0% | 6.6% | ||
| Q3 24 | -14.2% | 14.8% | ||
| Q2 24 | -12.3% | 12.2% | ||
| Q1 24 | 53.7% | 13.5% |
每股收益（稀释后）ESTCFOR
| Q4 25 | $-0.48 | $0.30 | ||
| Q3 25 | $-0.23 | $1.70 | ||
| Q2 25 | $-0.15 | $0.65 | ||
| Q1 25 | $-0.16 | $0.62 | ||
| Q4 24 | $-0.25 | $0.32 | ||
| Q3 24 | $-0.48 | $1.59 | ||
| Q2 24 | $-0.35 | $0.76 | ||
| Q1 24 | $1.69 | $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 | $1.4B | $211.7M |
| 总债务越低越好 | $570.3M | $793.2M |
| 股东权益账面价值 | $891.1M | $1.8B |
| 总资产 | $2.5B | $3.2B |
| 负债/权益比越低杠杆越低 | 0.64× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资ESTCFOR
| Q4 25 | $1.4B | $211.7M | ||
| Q3 25 | $1.5B | $379.2M | ||
| Q2 25 | $1.4B | $189.2M | ||
| Q1 25 | $584.0M | $174.3M | ||
| Q4 24 | $658.5M | $132.0M | ||
| Q3 24 | $594.9M | $481.2M | ||
| Q2 24 | $1.1B | $359.2M | ||
| Q1 24 | $526.9M | $416.2M |
总债务ESTCFOR
| Q4 25 | $570.3M | $793.2M | ||
| Q3 25 | $570.0M | $802.7M | ||
| Q2 25 | $569.7M | $872.8M | ||
| Q1 25 | $569.4M | $872.5M | ||
| Q4 24 | $569.2M | $806.8M | ||
| Q3 24 | $568.9M | $706.4M | ||
| Q2 24 | $568.6M | $706.1M | ||
| Q1 24 | $568.3M | $705.7M |
股东权益ESTCFOR
| Q4 25 | $891.1M | $1.8B | ||
| Q3 25 | $971.4M | $1.8B | ||
| Q2 25 | $927.2M | $1.7B | ||
| Q1 25 | $859.1M | $1.6B | ||
| Q4 24 | $811.5M | $1.6B | ||
| Q3 24 | $759.4M | $1.6B | ||
| Q2 24 | $738.2M | $1.5B | ||
| Q1 24 | $707.8M | $1.5B |
总资产ESTCFOR
| Q4 25 | $2.5B | $3.2B | ||
| Q3 25 | $2.5B | $3.1B | ||
| Q2 25 | $2.6B | $3.1B | ||
| Q1 25 | $2.3B | $3.0B | ||
| Q4 24 | $2.2B | $3.0B | ||
| Q3 24 | $2.2B | $2.8B | ||
| Q2 24 | $2.2B | $2.7B | ||
| Q1 24 | $2.1B | $2.6B |
负债/权益比ESTCFOR
| Q4 25 | 0.64× | 0.44× | ||
| Q3 25 | 0.59× | 0.45× | ||
| Q2 25 | 0.61× | 0.52× | ||
| Q1 25 | 0.66× | 0.53× | ||
| Q4 24 | 0.70× | 0.50× | ||
| Q3 24 | 0.75× | 0.44× | ||
| Q2 24 | 0.77× | 0.47× | ||
| Q1 24 | 0.80× | 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 | $26.6M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $26.0M | $-157.1M |
| 自由现金流率自由现金流/营收 | 6.1% | -57.5% |
| 资本支出强度资本支出/营收 | 0.1% | 0.0% |
| 现金转化率经营现金流/净利润 | — | -10.19× |
| 过去12个月自由现金流最近4个季度 | $302.3M | $93.0M |
8季度趋势，按日历期对齐
经营现金流ESTCFOR
| Q4 25 | $26.6M | $-157.0M | ||
| Q3 25 | $104.8M | $256.3M | ||
| Q2 25 | $87.0M | $15.8M | ||
| Q1 25 | $88.1M | $-19.8M | ||
| Q4 24 | $38.4M | $-450.0M | ||
| Q3 24 | $52.8M | $119.2M | ||
| Q2 24 | $60.9M | $-61.7M | ||
| Q1 24 | $52.4M | $-59.2M |
自由现金流ESTCFOR
| Q4 25 | $26.0M | $-157.1M | ||
| Q3 25 | $104.2M | $255.6M | ||
| Q2 25 | $84.9M | $15.0M | ||
| Q1 25 | $87.3M | $-20.5M | ||
| Q4 24 | $37.7M | — | ||
| Q3 24 | $52.0M | $118.4M | ||
| Q2 24 | $60.1M | $-62.3M | ||
| Q1 24 | $51.3M | $-59.8M |
自由现金流率ESTCFOR
| Q4 25 | 6.1% | -57.5% | ||
| Q3 25 | 25.1% | 38.1% | ||
| Q2 25 | 21.8% | 3.8% | ||
| Q1 25 | 22.8% | -5.8% | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 15.0% | 21.5% | ||
| Q2 24 | 17.9% | -19.6% | ||
| Q1 24 | 15.6% | -17.9% |
资本支出强度ESTCFOR
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.2% | 0.0% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 0.3% | 0.2% |
现金转化率ESTCFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | — | -1.59× | ||
| Q1 24 | 0.30× | -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
ESTC
| Self Managed Subscription | $192.0M | 45% |
| Saa S Self Managed Annual | $156.9M | 37% |
| Saa S Self Managed Monthly | $48.8M | 12% |
| Professional Services | $25.8M | 6% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
