vs
Forestar Group Inc.（FOR）与化石集团（FOSL）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是化石集团的1.0倍（$273.0M vs $270.2M），Forestar Group Inc.净利率更高（5.6% vs -14.8%，领先20.5%），Forestar Group Inc.同比增速更快（9.0% vs -21.1%），化石集团自由现金流更多（$-22.5M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -11.4%）
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。
化石集团是1984年成立的美国时尚设计制造企业，总部位于得克萨斯州理查森。集团旗下拥有Fossil、Relic、Michele Watch、Skagen、Zodiac Watches等多个品牌，同时也为宝马、彪马、阿玛尼、迈克高仕、DKNY等多个知名品牌代工生产授权配饰。
FOR vs FOSL — 直观对比
营收规模更大
FOR
是对方的1.0倍
$270.2M
营收增速更快
FOR
高出30.1%
-21.1%
净利率更高
FOR
高出20.5%
-14.8%
自由现金流更多
FOSL
多$134.6M
$-157.1M
两年增速更快
FOR
近两年复合增速
-11.4%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $270.2M |
| 净利润 | $15.4M | $-40.0M |
| 毛利率 | 20.1% | 49.0% |
| 营业利润率 | 7.6% | -8.0% |
| 净利率 | 5.6% | -14.8% |
| 营收同比 | 9.0% | -21.1% |
| 净利润同比 | -6.7% | -257.8% |
| 每股收益（稀释后） | $0.30 | $-0.76 |
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FORFOSL
| Q4 25 | $273.0M | $270.2M | ||
| Q3 25 | $670.5M | $220.4M | ||
| Q2 25 | $390.5M | $233.3M | ||
| Q1 25 | $351.0M | — | ||
| Q4 24 | $250.4M | $342.3M | ||
| Q3 24 | $551.3M | $287.8M | ||
| Q2 24 | $318.4M | $260.0M | ||
| Q1 24 | $333.8M | $254.9M |
净利润FORFOSL
| Q4 25 | $15.4M | $-40.0M | ||
| Q3 25 | $86.9M | $-2.1M | ||
| Q2 25 | $32.9M | $-17.9M | ||
| Q1 25 | $31.6M | — | ||
| Q4 24 | $16.5M | $-11.2M | ||
| Q3 24 | $81.5M | $-31.9M | ||
| Q2 24 | $38.7M | $-38.8M | ||
| Q1 24 | $45.0M | $-24.3M |
毛利率FORFOSL
| Q4 25 | 20.1% | 49.0% | ||
| Q3 25 | 22.3% | 57.5% | ||
| Q2 25 | 20.4% | 61.3% | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | 53.9% | ||
| Q3 24 | 23.9% | 49.4% | ||
| Q2 24 | 22.5% | 52.6% | ||
| Q1 24 | 24.9% | 52.4% |
营业利润率FORFOSL
| Q4 25 | 7.6% | -8.0% | ||
| Q3 25 | 16.9% | 3.9% | ||
| Q2 25 | 11.2% | -2.9% | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 8.7% | -4.8% | ||
| Q3 24 | 19.7% | -8.5% | ||
| Q2 24 | 16.2% | -13.1% | ||
| Q1 24 | 17.6% | -11.5% |
净利率FORFOSL
| Q4 25 | 5.6% | -14.8% | ||
| Q3 25 | 13.0% | -1.0% | ||
| Q2 25 | 8.4% | -7.7% | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 6.6% | -3.3% | ||
| Q3 24 | 14.8% | -11.1% | ||
| Q2 24 | 12.2% | -14.9% | ||
| Q1 24 | 13.5% | -9.5% |
每股收益（稀释后）FORFOSL
| Q4 25 | $0.30 | $-0.76 | ||
| Q3 25 | $1.70 | $-0.04 | ||
| Q2 25 | $0.65 | $-0.33 | ||
| Q1 25 | $0.62 | — | ||
| Q4 24 | $0.32 | $-0.15 | ||
| Q3 24 | $1.59 | $-0.60 | ||
| Q2 24 | $0.76 | $-0.73 | ||
| Q1 24 | $0.89 | $-0.46 |
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 | $211.7M | $79.2M |
| 总债务越低越好 | $793.2M | $169.1M |
| 股东权益账面价值 | $1.8B | $112.6M |
| 总资产 | $3.2B | $701.0M |
| 负债/权益比越低杠杆越低 | 0.44× | 1.50× |
8季度趋势，按日历期对齐
现金及短期投资FORFOSL
| Q4 25 | $211.7M | $79.2M | ||
| Q3 25 | $379.2M | $109.9M | ||
| Q2 25 | $189.2M | $78.3M | ||
| Q1 25 | $174.3M | — | ||
| Q4 24 | $132.0M | $123.6M | ||
| Q3 24 | $481.2M | $106.3M | ||
| Q2 24 | $359.2M | $104.9M | ||
| Q1 24 | $416.2M | $112.9M |
总债务FORFOSL
| Q4 25 | $793.2M | $169.1M | ||
| Q3 25 | $802.7M | $165.6M | ||
| Q2 25 | $872.8M | $167.2M | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $162.7M | ||
| Q3 24 | $706.4M | $173.4M | ||
| Q2 24 | $706.1M | $156.5M | ||
| Q1 24 | $705.7M | $202.9M |
股东权益FORFOSL
| Q4 25 | $1.8B | $112.6M | ||
| Q3 25 | $1.8B | $150.3M | ||
| Q2 25 | $1.7B | $140.6M | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $148.7M | ||
| Q3 24 | $1.6B | $164.4M | ||
| Q2 24 | $1.5B | $189.6M | ||
| Q1 24 | $1.5B | $229.1M |
总资产FORFOSL
| Q4 25 | $3.2B | $701.0M | ||
| Q3 25 | $3.1B | $704.5M | ||
| Q2 25 | $3.1B | $686.0M | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $763.6M | ||
| Q3 24 | $2.8B | $812.4M | ||
| Q2 24 | $2.7B | $785.7M | ||
| Q1 24 | $2.6B | $891.0M |
负债/权益比FORFOSL
| Q4 25 | 0.44× | 1.50× | ||
| Q3 25 | 0.45× | 1.10× | ||
| Q2 25 | 0.52× | 1.19× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | 1.09× | ||
| Q3 24 | 0.44× | 1.06× | ||
| Q2 24 | 0.47× | 0.83× | ||
| Q1 24 | 0.48× | 0.89× |
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 | $-22.2M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-22.5M |
| 自由现金流率自由现金流/营收 | -57.5% | -8.3% |
| 资本支出强度资本支出/营收 | 0.0% | 0.1% |
| 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 | $-46.0M |
8季度趋势，按日历期对齐
经营现金流FORFOSL
| Q4 25 | $-157.0M | $-22.2M | ||
| Q3 25 | $256.3M | $9.4M | ||
| Q2 25 | $15.8M | $-60.4M | ||
| Q1 25 | $-19.8M | — | ||
| Q4 24 | $-450.0M | $30.5M | ||
| Q3 24 | $119.2M | $-22.8M | ||
| Q2 24 | $-61.7M | $38.4M | ||
| Q1 24 | $-59.2M | $622.0K |
自由现金流FORFOSL
| Q4 25 | $-157.1M | $-22.5M | ||
| Q3 25 | $255.6M | $8.6M | ||
| Q2 25 | $15.0M | $-60.6M | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | $28.5M | ||
| Q3 24 | $118.4M | $-24.1M | ||
| Q2 24 | $-62.3M | $36.6M | ||
| Q1 24 | $-59.8M | $-1.1M |
自由现金流率FORFOSL
| Q4 25 | -57.5% | -8.3% | ||
| Q3 25 | 38.1% | 3.9% | ||
| Q2 25 | 3.8% | -26.0% | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | 8.3% | ||
| Q3 24 | 21.5% | -8.4% | ||
| Q2 24 | -19.6% | 14.1% | ||
| Q1 24 | -17.9% | -0.4% |
资本支出强度FORFOSL
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.1% | 0.4% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | 0.6% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 0.2% | 0.7% |
现金转化率FORFOSL
| 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 | -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
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
FOSL
| Transferred At Point In Time | $109.7M | 41% |
| Traditional Watches | $91.3M | 34% |
| Other | $50.8M | 19% |
| Leathers | $9.5M | 4% |
| Jewelry | $4.0M | 1% |
| Smartwatches | $3.3M | 1% |
| Products Other | $1.6M | 1% |
