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Funko, Inc.（FNKO）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
Funko, Inc.的季度营收约是Forestar Group Inc.的1.0倍（$273.1M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -0.1%，领先5.7%），Forestar Group Inc.同比增速更快（9.0% vs -7.0%），Funko, Inc.自由现金流更多（$19.2M vs $-157.1M），过去两年Funko, Inc.的营收复合增速更高（12.5% vs -9.6%）
Funko是一家美国知名流行文化周边收藏品牌，主打获得IP授权的限量收藏商品，以 vinyl 搪胶收藏人偶和摇头公仔闻名，同时也生产授权毛绒玩具、可动玩偶、服饰、配件及周边桌游。该品牌由迈克·贝克尔与克劳迪娅·贝克尔于1998年创立，最初只是主打复古怀旧风的小型手工玩具项目。
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。
FNKO vs FOR — 直观对比
营收规模更大
FNKO
是对方的1.0倍
$273.0M
营收增速更快
FOR
高出16.1%
-7.0%
净利率更高
FOR
高出5.7%
-0.1%
自由现金流更多
FNKO
多$176.3M
$-157.1M
两年增速更快
FNKO
近两年复合增速
-9.6%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.1M | $273.0M |
| 净利润 | $-183.0K | $15.4M |
| 毛利率 | — | 20.1% |
| 营业利润率 | 2.2% | 7.6% |
| 净利率 | -0.1% | 5.6% |
| 营收同比 | -7.0% | 9.0% |
| 净利润同比 | 87.8% | -6.7% |
| 每股收益（稀释后） | $0.00 | $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FNKOFOR
| Q4 25 | $273.1M | $273.0M | ||
| Q3 25 | $250.9M | $670.5M | ||
| Q2 25 | $193.5M | $390.5M | ||
| Q1 25 | $190.7M | $351.0M | ||
| Q4 24 | $293.7M | $250.4M | ||
| Q3 24 | $292.8M | $551.3M | ||
| Q2 24 | $247.7M | $318.4M | ||
| Q1 24 | $215.7M | $333.8M |
净利润FNKOFOR
| Q4 25 | $-183.0K | $15.4M | ||
| Q3 25 | $901.0K | $86.9M | ||
| Q2 25 | $-40.5M | $32.9M | ||
| Q1 25 | $-27.6M | $31.6M | ||
| Q4 24 | $-1.5M | $16.5M | ||
| Q3 24 | $4.3M | $81.5M | ||
| Q2 24 | $5.1M | $38.7M | ||
| Q1 24 | $-22.7M | $45.0M |
毛利率FNKOFOR
| Q4 25 | — | 20.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 22.0% | ||
| Q3 24 | 40.9% | 23.9% | ||
| Q2 24 | 42.0% | 22.5% | ||
| Q1 24 | 40.0% | 24.9% |
营业利润率FNKOFOR
| Q4 25 | 2.2% | 7.6% | ||
| Q3 25 | 2.6% | 16.9% | ||
| Q2 25 | -18.0% | 11.2% | ||
| Q1 25 | -12.2% | 11.6% | ||
| Q4 24 | 1.8% | 8.7% | ||
| Q3 24 | 4.0% | 19.7% | ||
| Q2 24 | 4.3% | 16.2% | ||
| Q1 24 | -6.9% | 17.6% |
净利率FNKOFOR
| Q4 25 | -0.1% | 5.6% | ||
| Q3 25 | 0.4% | 13.0% | ||
| Q2 25 | -20.9% | 8.4% | ||
| Q1 25 | -14.5% | 9.0% | ||
| Q4 24 | -0.5% | 6.6% | ||
| Q3 24 | 1.5% | 14.8% | ||
| Q2 24 | 2.1% | 12.2% | ||
| Q1 24 | -10.5% | 13.5% |
每股收益（稀释后）FNKOFOR
| Q4 25 | $0.00 | $0.30 | ||
| Q3 25 | $0.02 | $1.70 | ||
| Q2 25 | $-0.74 | $0.65 | ||
| Q1 25 | $-0.52 | $0.62 | ||
| Q4 24 | $-0.01 | $0.32 | ||
| Q3 24 | $0.08 | $1.59 | ||
| Q2 24 | $0.10 | $0.76 | ||
| Q1 24 | $-0.45 | $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 | $42.1M | $211.7M |
| 总债务越低越好 | $100.3M | $793.2M |
| 股东权益账面价值 | $185.8M | $1.8B |
| 总资产 | $685.2M | $3.2B |
| 负债/权益比越低杠杆越低 | 0.54× | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资FNKOFOR
| Q4 25 | $42.1M | $211.7M | ||
| Q3 25 | $39.2M | $379.2M | ||
| Q2 25 | $49.2M | $189.2M | ||
| Q1 25 | $25.9M | $174.3M | ||
| Q4 24 | $34.7M | $132.0M | ||
| Q3 24 | $28.5M | $481.2M | ||
| Q2 24 | $41.6M | $359.2M | ||
| Q1 24 | $26.1M | $416.2M |
总债务FNKOFOR
| Q4 25 | $100.3M | $793.2M | ||
| Q3 25 | $106.0M | $802.7M | ||
| Q2 25 | $111.6M | $872.8M | ||
| Q1 25 | $117.2M | $872.5M | ||
| Q4 24 | $122.8M | $806.8M | ||
| Q3 24 | $128.4M | $706.4M | ||
| Q2 24 | $133.9M | $706.1M | ||
| Q1 24 | $139.4M | $705.7M |
股东权益FNKOFOR
| Q4 25 | $185.8M | $1.8B | ||
| Q3 25 | $182.7M | $1.8B | ||
| Q2 25 | $181.2M | $1.7B | ||
| Q1 25 | $212.8M | $1.6B | ||
| Q4 24 | $233.0M | $1.6B | ||
| Q3 24 | $236.5M | $1.6B | ||
| Q2 24 | $223.5M | $1.5B | ||
| Q1 24 | $212.5M | $1.5B |
总资产FNKOFOR
| Q4 25 | $685.2M | $3.2B | ||
| Q3 25 | $699.3M | $3.1B | ||
| Q2 25 | $694.9M | $3.1B | ||
| Q1 25 | $648.4M | $3.0B | ||
| Q4 24 | $707.3M | $3.0B | ||
| Q3 24 | $783.6M | $2.8B | ||
| Q2 24 | $737.8M | $2.7B | ||
| Q1 24 | $725.5M | $2.6B |
负债/权益比FNKOFOR
| Q4 25 | 0.54× | 0.44× | ||
| Q3 25 | 0.58× | 0.45× | ||
| Q2 25 | 0.62× | 0.52× | ||
| Q1 25 | 0.55× | 0.53× | ||
| Q4 24 | 0.53× | 0.50× | ||
| Q3 24 | 0.54× | 0.44× | ||
| Q2 24 | 0.60× | 0.47× | ||
| Q1 24 | 0.66× | 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 | $28.1M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $19.2M | $-157.1M |
| 自由现金流率自由现金流/营收 | 7.0% | -57.5% |
| 资本支出强度资本支出/营收 | 3.3% | 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 | $-38.1M | $93.0M |
8季度趋势，按日历期对齐
经营现金流FNKOFOR
| Q4 25 | $28.1M | $-157.0M | ||
| Q3 25 | $11.2M | $256.3M | ||
| Q2 25 | $-22.2M | $15.8M | ||
| Q1 25 | $-22.3M | $-19.8M | ||
| Q4 24 | $59.8M | $-450.0M | ||
| Q3 24 | $3.3M | $119.2M | ||
| Q2 24 | $45.9M | $-61.7M | ||
| Q1 24 | $14.5M | $-59.2M |
自由现金流FNKOFOR
| Q4 25 | $19.2M | $-157.1M | ||
| Q3 25 | $3.4M | $255.6M | ||
| Q2 25 | $-31.8M | $15.0M | ||
| Q1 25 | $-28.8M | $-20.5M | ||
| Q4 24 | $47.8M | — | ||
| Q3 24 | $-4.2M | $118.4M | ||
| Q2 24 | $36.8M | $-62.3M | ||
| Q1 24 | $10.3M | $-59.8M |
自由现金流率FNKOFOR
| Q4 25 | 7.0% | -57.5% | ||
| Q3 25 | 1.3% | 38.1% | ||
| Q2 25 | -16.5% | 3.8% | ||
| Q1 25 | -15.1% | -5.8% | ||
| Q4 24 | 16.3% | — | ||
| Q3 24 | -1.4% | 21.5% | ||
| Q2 24 | 14.9% | -19.6% | ||
| Q1 24 | 4.8% | -17.9% |
资本支出强度FNKOFOR
| Q4 25 | 3.3% | 0.0% | ||
| Q3 25 | 3.1% | 0.1% | ||
| Q2 25 | 5.0% | 0.2% | ||
| Q1 25 | 3.4% | 0.2% | ||
| Q4 24 | 4.1% | 0.0% | ||
| Q3 24 | 2.6% | 0.1% | ||
| Q2 24 | 3.7% | 0.2% | ||
| Q1 24 | 1.9% | 0.2% |
现金转化率FNKOFOR
| Q4 25 | — | -10.19× | ||
| Q3 25 | 12.47× | 2.95× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | -0.63× | ||
| Q4 24 | — | -27.27× | ||
| Q3 24 | 0.77× | 1.46× | ||
| Q2 24 | 8.97× | -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
FNKO
| Core Collectibles | $221.0M | 81% |
| Loungefly LLC | $43.1M | 16% |
| Other Products Excluding Core Collectibles And Loungefly Brands | $9.0M | 3% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
