vs
Forestar Group Inc.（FOR）与Gogo Inc.（GOGO）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Gogo Inc.的1.2倍（$273.0M vs $230.6M），Forestar Group Inc.净利率更高（5.6% vs -4.3%，领先10.0%），Gogo Inc.同比增速更快（67.3% vs 9.0%），Gogo Inc.自由现金流更多（$-25.4M vs $-157.1M），过去两年Gogo Inc.的营收复合增速更高（48.7% 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。
Gogo Inc.是美国公务机机载宽带互联网及连接服务提供商，总部位于科罗拉多州布鲁姆菲尔德。截至目前，已有超过2500架商用飞机和6600架公务机安装了该公司的机载Wi-Fi服务。该公司曾面向民航业提供机上WiFi服务，2020年12月已将这块民航业务以4亿美元出售给国际通信卫星组织。
FOR vs GOGO — 直观对比
营收规模更大
FOR
是对方的1.2倍
$230.6M
营收增速更快
GOGO
高出58.3%
9.0%
净利率更高
FOR
高出10.0%
-4.3%
自由现金流更多
GOGO
多$131.7M
$-157.1M
两年增速更快
GOGO
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $230.6M |
| 净利润 | $15.4M | $-10.0M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 6.2% |
| 净利率 | 5.6% | -4.3% |
| 营收同比 | 9.0% | 67.3% |
| 净利润同比 | -6.7% | 64.6% |
| 每股收益（稀释后） | $0.30 | $-0.08 |
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FORGOGO
| Q4 25 | $273.0M | $230.6M | ||
| Q3 25 | $670.5M | $223.6M | ||
| Q2 25 | $390.5M | $226.0M | ||
| Q1 25 | $351.0M | $230.3M | ||
| Q4 24 | $250.4M | $137.8M | ||
| Q3 24 | $551.3M | $100.5M | ||
| Q2 24 | $318.4M | $102.1M | ||
| Q1 24 | $333.8M | $104.3M |
净利润FORGOGO
| Q4 25 | $15.4M | $-10.0M | ||
| Q3 25 | $86.9M | $-1.9M | ||
| Q2 25 | $32.9M | $12.8M | ||
| Q1 25 | $31.6M | $12.0M | ||
| Q4 24 | $16.5M | $-28.2M | ||
| Q3 24 | $81.5M | $10.6M | ||
| Q2 24 | $38.7M | $839.0K | ||
| Q1 24 | $45.0M | $30.5M |
毛利率FORGOGO
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | 87.8% | ||
| Q1 25 | 22.6% | 87.3% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FORGOGO
| Q4 25 | 7.6% | 6.2% | ||
| Q3 25 | 16.9% | 12.9% | ||
| Q2 25 | 11.2% | 15.9% | ||
| Q1 25 | 11.6% | 15.3% | ||
| Q4 24 | 8.7% | -17.5% | ||
| Q3 24 | 19.7% | 19.0% | ||
| Q2 24 | 16.2% | 21.2% | ||
| Q1 24 | 17.6% | 33.2% |
净利率FORGOGO
| Q4 25 | 5.6% | -4.3% | ||
| Q3 25 | 13.0% | -0.9% | ||
| Q2 25 | 8.4% | 5.7% | ||
| Q1 25 | 9.0% | 5.2% | ||
| Q4 24 | 6.6% | -20.5% | ||
| Q3 24 | 14.8% | 10.6% | ||
| Q2 24 | 12.2% | 0.8% | ||
| Q1 24 | 13.5% | 29.2% |
每股收益（稀释后）FORGOGO
| Q4 25 | $0.30 | $-0.08 | ||
| Q3 25 | $1.70 | $-0.01 | ||
| Q2 25 | $0.65 | $0.09 | ||
| Q1 25 | $0.62 | $0.09 | ||
| Q4 24 | $0.32 | $-0.22 | ||
| Q3 24 | $1.59 | $0.08 | ||
| Q2 24 | $0.76 | $0.01 | ||
| Q1 24 | $0.89 | $0.23 |
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 | $125.2M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $101.1M |
| 总资产 | $3.2B | $1.3B |
| 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FORGOGO
| Q4 25 | $211.7M | $125.2M | ||
| Q3 25 | $379.2M | $133.6M | ||
| Q2 25 | $189.2M | $102.1M | ||
| Q1 25 | $174.3M | $70.3M | ||
| Q4 24 | $132.0M | $41.8M | ||
| Q3 24 | $481.2M | $176.7M | ||
| Q2 24 | $359.2M | $161.6M | ||
| Q1 24 | $416.2M | $152.8M |
总债务FORGOGO
| 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FORGOGO
| Q4 25 | $1.8B | $101.1M | ||
| Q3 25 | $1.8B | $107.0M | ||
| Q2 25 | $1.7B | $102.8M | ||
| Q1 25 | $1.6B | $82.9M | ||
| Q4 24 | $1.6B | $69.3M | ||
| Q3 24 | $1.6B | $52.7M | ||
| Q2 24 | $1.5B | $52.0M | ||
| Q1 24 | $1.5B | $62.4M |
总资产FORGOGO
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.1B | $1.3B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.0B | $1.2B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.8B | $810.7M | ||
| Q2 24 | $2.7B | $802.7M | ||
| Q1 24 | $2.6B | $809.0M |
负债/权益比FORGOGO
| 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 | $8.5M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-25.4M |
| 自由现金流率自由现金流/营收 | -57.5% | -11.0% |
| 资本支出强度资本支出/营收 | 0.0% | 14.7% |
| 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 | $65.1M |
8季度趋势，按日历期对齐
经营现金流FORGOGO
| Q4 25 | $-157.0M | $8.5M | ||
| Q3 25 | $256.3M | $46.8M | ||
| Q2 25 | $15.8M | $36.7M | ||
| Q1 25 | $-19.8M | $32.5M | ||
| Q4 24 | $-450.0M | $-38.3M | ||
| Q3 24 | $119.2M | $25.1M | ||
| Q2 24 | $-61.7M | $24.9M | ||
| Q1 24 | $-59.2M | $29.7M |
自由现金流FORGOGO
| Q4 25 | $-157.1M | $-25.4M | ||
| Q3 25 | $255.6M | $27.3M | ||
| Q2 25 | $15.0M | $33.5M | ||
| Q1 25 | $-20.5M | $29.7M | ||
| Q4 24 | — | $-42.6M | ||
| Q3 24 | $118.4M | $20.7M | ||
| Q2 24 | $-62.3M | $21.6M | ||
| Q1 24 | $-59.8M | $28.2M |
自由现金流率FORGOGO
| Q4 25 | -57.5% | -11.0% | ||
| Q3 25 | 38.1% | 12.2% | ||
| Q2 25 | 3.8% | 14.8% | ||
| Q1 25 | -5.8% | 12.9% | ||
| Q4 24 | — | -30.9% | ||
| Q3 24 | 21.5% | 20.6% | ||
| Q2 24 | -19.6% | 21.1% | ||
| Q1 24 | -17.9% | 27.0% |
资本支出强度FORGOGO
| Q4 25 | 0.0% | 14.7% | ||
| Q3 25 | 0.1% | 8.7% | ||
| Q2 25 | 0.2% | 1.4% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | 0.0% | 3.1% | ||
| Q3 24 | 0.1% | 4.4% | ||
| Q2 24 | 0.2% | 3.3% | ||
| Q1 24 | 0.2% | 1.4% |
现金转化率FORGOGO
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 2.87× | ||
| Q1 25 | -0.63× | 2.70× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 2.36× | ||
| Q2 24 | -1.59× | 29.74× | ||
| Q1 24 | -1.32× | 0.97× |
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% |
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
