vs
Forestar Group Inc.（FOR）与Fastly, Inc.（FSLY）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Fastly, Inc.的1.6倍（$273.0M vs $172.6M），Forestar Group Inc.净利率更高（5.6% vs -9.0%，领先14.6%），Fastly, Inc.同比增速更快（22.8% vs 9.0%），Fastly, Inc.自由现金流更多（$12.2M vs $-157.1M），过去两年Fastly, Inc.的营收复合增速更高（13.7% vs -9.6%）
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。
Fastly是总部位于美国旧金山的云计算服务商，主营内容分发网络（CDN）、图片优化、负载均衡服务，同时提供DDoS攻击防护、机器人流量治理、Web应用防火墙等云安全解决方案，助力企业提升网络访问效率与安全防护能力。
FOR vs FSLY — 直观对比
营收规模更大
FOR
是对方的1.6倍
$172.6M
营收增速更快
FSLY
高出13.8%
9.0%
净利率更高
FOR
高出14.6%
-9.0%
自由现金流更多
FSLY
多$169.3M
$-157.1M
两年增速更快
FSLY
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $172.6M |
| 净利润 | $15.4M | $-15.5M |
| 毛利率 | 20.1% | 61.4% |
| 营业利润率 | 7.6% | -8.7% |
| 净利率 | 5.6% | -9.0% |
| 营收同比 | 9.0% | 22.8% |
| 净利润同比 | -6.7% | 52.9% |
| 每股收益（稀释后） | $0.30 | $-0.10 |
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FORFSLY
| Q4 25 | $273.0M | $172.6M | ||
| Q3 25 | $670.5M | $158.2M | ||
| Q2 25 | $390.5M | $148.7M | ||
| Q1 25 | $351.0M | $144.5M | ||
| Q4 24 | $250.4M | $140.6M | ||
| Q3 24 | $551.3M | $137.2M | ||
| Q2 24 | $318.4M | $132.4M | ||
| Q1 24 | $333.8M | $133.5M |
净利润FORFSLY
| Q4 25 | $15.4M | $-15.5M | ||
| Q3 25 | $86.9M | $-29.5M | ||
| Q2 25 | $32.9M | $-37.5M | ||
| Q1 25 | $31.6M | $-39.1M | ||
| Q4 24 | $16.5M | $-32.9M | ||
| Q3 24 | $81.5M | $-38.0M | ||
| Q2 24 | $38.7M | $-43.7M | ||
| Q1 24 | $45.0M | $-43.4M |
毛利率FORFSLY
| Q4 25 | 20.1% | 61.4% | ||
| Q3 25 | 22.3% | 58.4% | ||
| Q2 25 | 20.4% | 54.5% | ||
| Q1 25 | 22.6% | 53.2% | ||
| Q4 24 | 22.0% | 53.4% | ||
| Q3 24 | 23.9% | 54.5% | ||
| Q2 24 | 22.5% | 55.1% | ||
| Q1 24 | 24.9% | 54.8% |
营业利润率FORFSLY
| Q4 25 | 7.6% | -8.7% | ||
| Q3 25 | 16.9% | -18.2% | ||
| Q2 25 | 11.2% | -24.8% | ||
| Q1 25 | 11.6% | -26.4% | ||
| Q4 24 | 8.7% | -24.4% | ||
| Q3 24 | 19.7% | -29.6% | ||
| Q2 24 | 16.2% | -35.3% | ||
| Q1 24 | 17.6% | -34.6% |
净利率FORFSLY
| Q4 25 | 5.6% | -9.0% | ||
| Q3 25 | 13.0% | -18.6% | ||
| Q2 25 | 8.4% | -25.2% | ||
| Q1 25 | 9.0% | -27.1% | ||
| Q4 24 | 6.6% | -23.4% | ||
| Q3 24 | 14.8% | -27.7% | ||
| Q2 24 | 12.2% | -33.0% | ||
| Q1 24 | 13.5% | -32.5% |
每股收益（稀释后）FORFSLY
| Q4 25 | $0.30 | $-0.10 | ||
| Q3 25 | $1.70 | $-0.20 | ||
| Q2 25 | $0.65 | $-0.26 | ||
| Q1 25 | $0.62 | $-0.27 | ||
| Q4 24 | $0.32 | $-0.23 | ||
| Q3 24 | $1.59 | $-0.27 | ||
| Q2 24 | $0.76 | $-0.32 | ||
| Q1 24 | $0.89 | $-0.32 |
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 | $361.8M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $929.6M |
| 总资产 | $3.2B | $1.5B |
| 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FORFSLY
| Q4 25 | $211.7M | $361.8M | ||
| Q3 25 | $379.2M | $342.9M | ||
| Q2 25 | $189.2M | $321.2M | ||
| Q1 25 | $174.3M | $307.3M | ||
| Q4 24 | $132.0M | $295.9M | ||
| Q3 24 | $481.2M | $308.2M | ||
| Q2 24 | $359.2M | $311.8M | ||
| Q1 24 | $416.2M | $329.5M |
总债务FORFSLY
| 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 | — | ||
| Q1 24 | $705.7M | — |
股东权益FORFSLY
| Q4 25 | $1.8B | $929.6M | ||
| Q3 25 | $1.8B | $937.0M | ||
| Q2 25 | $1.7B | $942.6M | ||
| Q1 25 | $1.6B | $957.0M | ||
| Q4 24 | $1.6B | $965.3M | ||
| Q3 24 | $1.6B | $969.5M | ||
| Q2 24 | $1.5B | $981.2M | ||
| Q1 24 | $1.5B | $991.8M |
总资产FORFSLY
| Q4 25 | $3.2B | $1.5B | ||
| Q3 25 | $3.1B | $1.5B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.5B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.6B | $1.5B |
负债/权益比FORFSLY
| 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× | — | ||
| 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 | $-157.0M | $22.4M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $12.2M |
| 自由现金流率自由现金流/营收 | -57.5% | 7.1% |
| 资本支出强度资本支出/营收 | 0.0% | 5.9% |
| 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 | $65.8M |
8季度趋势，按日历期对齐
经营现金流FORFSLY
| Q4 25 | $-157.0M | $22.4M | ||
| Q3 25 | $256.3M | $28.9M | ||
| Q2 25 | $15.8M | $25.8M | ||
| Q1 25 | $-19.8M | $17.3M | ||
| Q4 24 | $-450.0M | $5.2M | ||
| Q3 24 | $119.2M | $5.0M | ||
| Q2 24 | $-61.7M | $-4.9M | ||
| Q1 24 | $-59.2M | $11.1M |
自由现金流FORFSLY
| Q4 25 | $-157.1M | $12.2M | ||
| Q3 25 | $255.6M | $22.9M | ||
| Q2 25 | $15.0M | $15.9M | ||
| Q1 25 | $-20.5M | $14.7M | ||
| Q4 24 | — | $251.0K | ||
| Q3 24 | $118.4M | $3.0M | ||
| Q2 24 | $-62.3M | $-6.7M | ||
| Q1 24 | $-59.8M | $9.5M |
自由现金流率FORFSLY
| Q4 25 | -57.5% | 7.1% | ||
| Q3 25 | 38.1% | 14.5% | ||
| Q2 25 | 3.8% | 10.7% | ||
| Q1 25 | -5.8% | 10.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 21.5% | 2.2% | ||
| Q2 24 | -19.6% | -5.1% | ||
| Q1 24 | -17.9% | 7.1% |
资本支出强度FORFSLY
| Q4 25 | 0.0% | 5.9% | ||
| Q3 25 | 0.1% | 3.8% | ||
| Q2 25 | 0.2% | 6.6% | ||
| Q1 25 | 0.2% | 1.8% | ||
| Q4 24 | 0.0% | 3.5% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.2% | 1.2% |
现金转化率FORFSLY
| 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% |
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
