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FIRST ADVANTAGE CORP（FA）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
FIRST ADVANTAGE CORP的季度营收约是Forestar Group Inc.的1.5倍（$420.0M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 0.8%，领先4.8%），FIRST ADVANTAGE CORP同比增速更快（36.8% vs 9.0%），FIRST ADVANTAGE CORP自由现金流更多（$62.2M vs $-157.1M），过去两年FIRST ADVANTAGE CORP的营收复合增速更高（57.5% vs -9.6%）
First Advantage是全球领先的劳动力筛查与背景验证服务提供商，服务覆盖科技、医疗、金融、零售、制造等多个行业的各规模客户，助力企业管控雇佣风险、满足合规要求，打造安全可信的工作环境。
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。
FA vs FOR — 直观对比
营收规模更大
FA
是对方的1.5倍
$273.0M
营收增速更快
FA
高出27.7%
9.0%
净利率更高
FOR
高出4.8%
0.8%
自由现金流更多
FA
多$219.3M
$-157.1M
两年增速更快
FA
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $420.0M | $273.0M |
| 净利润 | $3.5M | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 10.7% | 7.6% |
| 净利率 | 0.8% | 5.6% |
| 营收同比 | 36.8% | 9.0% |
| 净利润同比 | 103.5% | -6.7% |
| 每股收益（稀释后） | $0.03 | $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FAFOR
| Q4 25 | $420.0M | $273.0M | ||
| Q3 25 | $409.2M | $670.5M | ||
| Q2 25 | $390.6M | $390.5M | ||
| Q1 25 | $354.6M | $351.0M | ||
| Q4 24 | $307.1M | $250.4M | ||
| Q3 24 | $199.1M | $551.3M | ||
| Q2 24 | $184.5M | $318.4M | ||
| Q1 24 | $169.4M | $333.8M |
净利润FAFOR
| Q4 25 | $3.5M | $15.4M | ||
| Q3 25 | $2.6M | $86.9M | ||
| Q2 25 | $308.0K | $32.9M | ||
| Q1 25 | $-41.2M | $31.6M | ||
| Q4 24 | $-100.4M | $16.5M | ||
| Q3 24 | $-8.9M | $81.5M | ||
| Q2 24 | $1.9M | $38.7M | ||
| Q1 24 | $-2.9M | $45.0M |
毛利率FAFOR
| 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% | ||
| Q1 24 | — | 24.9% |
营业利润率FAFOR
| Q4 25 | 10.7% | 7.6% | ||
| Q3 25 | 10.3% | 16.9% | ||
| Q2 25 | 9.7% | 11.2% | ||
| Q1 25 | 2.1% | 11.6% | ||
| Q4 24 | -26.3% | 8.7% | ||
| Q3 24 | 4.6% | 19.7% | ||
| Q2 24 | 5.4% | 16.2% | ||
| Q1 24 | -0.4% | 17.6% |
净利率FAFOR
| Q4 25 | 0.8% | 5.6% | ||
| Q3 25 | 0.6% | 13.0% | ||
| Q2 25 | 0.1% | 8.4% | ||
| Q1 25 | -11.6% | 9.0% | ||
| Q4 24 | -32.7% | 6.6% | ||
| Q3 24 | -4.4% | 14.8% | ||
| Q2 24 | 1.0% | 12.2% | ||
| Q1 24 | -1.7% | 13.5% |
每股收益（稀释后）FAFOR
| Q4 25 | $0.03 | $0.30 | ||
| Q3 25 | $0.01 | $1.70 | ||
| Q2 25 | $0.00 | $0.65 | ||
| Q1 25 | $-0.24 | $0.62 | ||
| Q4 24 | $-0.67 | $0.32 | ||
| Q3 24 | $-0.06 | $1.59 | ||
| Q2 24 | $0.01 | $0.76 | ||
| Q1 24 | $-0.02 | $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 | $240.0M | $211.7M |
| 总债务越低越好 | $2.1B | $793.2M |
| 股东权益账面价值 | $1.3B | $1.8B |
| 总资产 | $3.8B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.61× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资FAFOR
| Q4 25 | $240.0M | $211.7M | ||
| Q3 25 | $216.8M | $379.2M | ||
| Q2 25 | $184.3M | $189.2M | ||
| Q1 25 | $172.0M | $174.3M | ||
| Q4 24 | $168.7M | $132.0M | ||
| Q3 24 | $307.4M | $481.2M | ||
| Q2 24 | $269.6M | $359.2M | ||
| Q1 24 | $246.0M | $416.2M |
总债务FAFOR
| Q4 25 | $2.1B | $793.2M | ||
| Q3 25 | $2.1B | $802.7M | ||
| Q2 25 | $2.1B | $872.8M | ||
| Q1 25 | $2.2B | $872.5M | ||
| Q4 24 | $2.2B | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M | ||
| Q1 24 | — | $705.7M |
股东权益FAFOR
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.3B | $1.8B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.3B | $1.6B | ||
| Q3 24 | $920.7M | $1.6B | ||
| Q2 24 | $913.3M | $1.5B | ||
| Q1 24 | $907.7M | $1.5B |
总资产FAFOR
| Q4 25 | $3.8B | $3.2B | ||
| Q3 25 | $3.9B | $3.1B | ||
| Q2 25 | $3.9B | $3.1B | ||
| Q1 25 | $3.9B | $3.0B | ||
| Q4 24 | $3.9B | $3.0B | ||
| Q3 24 | $1.7B | $2.8B | ||
| Q2 24 | $1.6B | $2.7B | ||
| Q1 24 | $1.6B | $2.6B |
负债/权益比FAFOR
| Q4 25 | 1.61× | 0.44× | ||
| Q3 25 | 1.64× | 0.45× | ||
| Q2 25 | 1.65× | 0.52× | ||
| Q1 25 | 1.69× | 0.53× | ||
| Q4 24 | 1.66× | 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 | $65.9M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $62.2M | $-157.1M |
| 自由现金流率自由现金流/营收 | 14.8% | -57.5% |
| 资本支出强度资本支出/营收 | 0.9% | 0.0% |
| 现金转化率经营现金流/净利润 | 19.01× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $188.5M | $93.0M |
8季度趋势，按日历期对齐
经营现金流FAFOR
| Q4 25 | $65.9M | $-157.0M | ||
| Q3 25 | $72.4M | $256.3M | ||
| Q2 25 | $37.3M | $15.8M | ||
| Q1 25 | $19.5M | $-19.8M | ||
| Q4 24 | $-85.7M | $-450.0M | ||
| Q3 24 | $43.5M | $119.2M | ||
| Q2 24 | $32.0M | $-61.7M | ||
| Q1 24 | $38.3M | $-59.2M |
自由现金流FAFOR
| Q4 25 | $62.2M | $-157.1M | ||
| Q3 25 | $71.2M | $255.6M | ||
| Q2 25 | $36.1M | $15.0M | ||
| Q1 25 | $19.0M | $-20.5M | ||
| Q4 24 | $-86.0M | — | ||
| Q3 24 | $43.1M | $118.4M | ||
| Q2 24 | $31.4M | $-62.3M | ||
| Q1 24 | $38.0M | $-59.8M |
自由现金流率FAFOR
| Q4 25 | 14.8% | -57.5% | ||
| Q3 25 | 17.4% | 38.1% | ||
| Q2 25 | 9.2% | 3.8% | ||
| Q1 25 | 5.4% | -5.8% | ||
| Q4 24 | -28.0% | — | ||
| Q3 24 | 21.6% | 21.5% | ||
| Q2 24 | 17.0% | -19.6% | ||
| Q1 24 | 22.4% | -17.9% |
资本支出强度FAFOR
| Q4 25 | 0.9% | 0.0% | ||
| Q3 25 | 0.3% | 0.1% | ||
| Q2 25 | 0.3% | 0.2% | ||
| Q1 25 | 0.1% | 0.2% | ||
| Q4 24 | 0.1% | 0.0% | ||
| Q3 24 | 0.2% | 0.1% | ||
| Q2 24 | 0.4% | 0.2% | ||
| Q1 24 | 0.2% | 0.2% |
现金转化率FAFOR
| Q4 25 | 19.01× | -10.19× | ||
| Q3 25 | 27.91× | 2.95× | ||
| Q2 25 | 121.25× | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | — | 1.46× | ||
| Q2 24 | 17.22× | -1.59× | ||
| Q1 24 | — | -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
FA
| First Advantage Americas | $209.9M | 50% |
| Sterling | $185.9M | 44% |
| First Advantage International | $24.2M | 6% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
