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EXPONENT INC（EXPO）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
Forestar Group Inc.的季度营收约是EXPONENT INC的1.6倍（$273.0M vs $166.3M），EXPONENT INC净利率更高（17.8% vs 5.6%，领先12.1%），EXPONENT INC同比增速更快（14.3% vs 9.0%），过去两年EXPONENT INC的营收复合增速更高（8.8% vs -9.6%）
Exponent Inc.是美国知名工程与科学咨询企业，汇集科学家、医师、工程师及商业咨询专家，可在90余个技术领域开展研究与分析工作，目前在美国本土设有20个办事处，境外另有5个办事网点。
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。
EXPO vs FOR — 直观对比
营收规模更大
FOR
是对方的1.6倍
$166.3M
营收增速更快
EXPO
高出5.3%
9.0%
净利率更高
EXPO
高出12.1%
5.6%
两年增速更快
EXPO
近两年复合增速
-9.6%
损益表 — Q1 FY2027 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $166.3M | $273.0M |
| 净利润 | $29.6M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 24.9% | 7.6% |
| 净利率 | 17.8% | 5.6% |
| 营收同比 | 14.3% | 9.0% |
| 净利润同比 | 11.0% | -6.7% |
| 每股收益（稀释后） | $0.59 | $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EXPOFOR
| Q1 26 | $166.3M | — | ||
| Q4 25 | $147.1M | $273.0M | ||
| Q3 25 | $142.0M | $670.5M | ||
| Q2 25 | $145.5M | $390.5M | ||
| Q1 25 | $136.8M | $351.0M | ||
| Q4 24 | — | $250.4M | ||
| Q3 24 | $136.3M | $551.3M | ||
| Q2 24 | $140.5M | $318.4M |
净利润EXPOFOR
| Q1 26 | $29.6M | — | ||
| Q4 25 | $28.0M | $15.4M | ||
| Q3 25 | $26.6M | $86.9M | ||
| Q2 25 | $26.6M | $32.9M | ||
| Q1 25 | $23.6M | $31.6M | ||
| Q4 24 | — | $16.5M | ||
| Q3 24 | $26.0M | $81.5M | ||
| Q2 24 | $29.2M | $38.7M |
毛利率EXPOFOR
| Q1 26 | — | — | ||
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 22.5% |
营业利润率EXPOFOR
| Q1 26 | 24.9% | — | ||
| Q4 25 | 19.7% | 7.6% | ||
| Q3 25 | 12.1% | 16.9% | ||
| Q2 25 | 30.5% | 11.2% | ||
| Q1 25 | 19.9% | 11.6% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | 19.0% | 19.7% | ||
| Q2 24 | 25.4% | 16.2% |
净利率EXPOFOR
| Q1 26 | 17.8% | — | ||
| Q4 25 | 19.1% | 5.6% | ||
| Q3 25 | 18.7% | 13.0% | ||
| Q2 25 | 18.3% | 8.4% | ||
| Q1 25 | 17.2% | 9.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 19.1% | 14.8% | ||
| Q2 24 | 20.8% | 12.2% |
每股收益（稀释后）EXPOFOR
| Q1 26 | $0.59 | — | ||
| Q4 25 | $0.55 | $0.30 | ||
| Q3 25 | $0.52 | $1.70 | ||
| Q2 25 | $0.52 | $0.65 | ||
| Q1 25 | $0.45 | $0.62 | ||
| Q4 24 | — | $0.32 | ||
| Q3 24 | $0.50 | $1.59 | ||
| Q2 24 | $0.57 | $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 | $118.6M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $338.3M | $1.8B |
| 总资产 | $687.4M | $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EXPOFOR
| Q1 26 | $118.6M | — | ||
| Q4 25 | $207.4M | $211.7M | ||
| Q3 25 | $231.8M | $379.2M | ||
| Q2 25 | $245.1M | $189.2M | ||
| Q1 25 | $258.9M | $174.3M | ||
| Q4 24 | — | $132.0M | ||
| Q3 24 | $219.7M | $481.2M | ||
| Q2 24 | $203.3M | $359.2M |
总债务EXPOFOR
| 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EXPOFOR
| Q1 26 | $338.3M | — | ||
| Q4 25 | $402.9M | $1.8B | ||
| Q3 25 | $427.8M | $1.8B | ||
| Q2 25 | $441.4M | $1.7B | ||
| Q1 25 | $421.1M | $1.6B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | $410.3M | $1.6B | ||
| Q2 24 | $393.2M | $1.5B |
总资产EXPOFOR
| Q1 26 | $687.4M | — | ||
| Q4 25 | $761.4M | $3.2B | ||
| Q3 25 | $759.4M | $3.1B | ||
| Q2 25 | $763.2M | $3.1B | ||
| Q1 25 | $777.3M | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | $744.1M | $2.8B | ||
| Q2 24 | $709.2M | $2.7B |
负债/权益比EXPOFOR
| 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 | — | $-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 | — | -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EXPOFOR
| Q1 26 | — | — | ||
| Q4 25 | $32.7M | $-157.0M | ||
| Q3 25 | $36.2M | $256.3M | ||
| Q2 25 | $7.3M | $15.8M | ||
| Q1 25 | $56.1M | $-19.8M | ||
| Q4 24 | — | $-450.0M | ||
| Q3 24 | $29.7M | $119.2M | ||
| Q2 24 | $48.3M | $-61.7M |
自由现金流EXPOFOR
| Q1 26 | — | — | ||
| Q4 25 | $30.0M | $-157.1M | ||
| Q3 25 | $33.9M | $255.6M | ||
| Q2 25 | $5.5M | $15.0M | ||
| Q1 25 | $53.5M | $-20.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | $28.0M | $118.4M | ||
| Q2 24 | $47.2M | $-62.3M |
自由现金流率EXPOFOR
| Q1 26 | — | — | ||
| Q4 25 | 20.4% | -57.5% | ||
| Q3 25 | 23.9% | 38.1% | ||
| Q2 25 | 3.8% | 3.8% | ||
| Q1 25 | 39.1% | -5.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | 20.5% | 21.5% | ||
| Q2 24 | 33.6% | -19.6% |
资本支出强度EXPOFOR
| Q1 26 | — | — | ||
| Q4 25 | 1.8% | 0.0% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.2% | 0.2% | ||
| Q1 25 | 1.9% | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 1.3% | 0.1% | ||
| Q2 24 | 0.8% | 0.2% |
现金转化率EXPOFOR
| Q1 26 | — | — | ||
| Q4 25 | 1.16× | -10.19× | ||
| Q3 25 | 1.36× | 2.95× | ||
| Q2 25 | 0.27× | 0.48× | ||
| Q1 25 | 2.38× | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | 1.14× | 1.46× | ||
| Q2 24 | 1.65× | -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
EXPO
| Revenues before reimbursements | $151.8M | 91% |
| Reimbursements | $14.5M | 9% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
