vs
Forestar Group Inc.（FOR）与HCI Group, Inc.（HCI）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HCI Group, Inc.的1.1倍（$273.0M vs $246.2M），HCI Group, Inc.净利率更高（39.7% vs 5.6%，领先34.0%），HCI Group, Inc.同比增速更快（52.1% vs 9.0%），HCI Group, Inc.自由现金流更多（$440.8M vs $-157.1M），过去两年HCI Group, Inc.的营收复合增速更高（9.2% 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。
HCI集团是一家总部位于美国华盛顿特区的私募股权投资公司，在伊利诺伊州芝加哥设有分支机构，专注于股权投资相关业务，为合作企业提供资本支持与运营赋能，助力企业实现长期发展目标。
FOR vs HCI — 直观对比
营收规模更大
FOR
是对方的1.1倍
$246.2M
营收增速更快
HCI
高出43.1%
9.0%
净利率更高
HCI
高出34.0%
5.6%
自由现金流更多
HCI
多$597.9M
$-157.1M
两年增速更快
HCI
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $246.2M |
| 净利润 | $15.4M | $97.7M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 58.5% |
| 净利率 | 5.6% | 39.7% |
| 营收同比 | 9.0% | 52.1% |
| 净利润同比 | -6.7% | 3679.2% |
| 每股收益（稀释后） | $0.30 | $7.29 |
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FORHCI
| Q4 25 | $273.0M | $246.2M | ||
| Q3 25 | $670.5M | $216.3M | ||
| Q2 25 | $390.5M | $221.9M | ||
| Q1 25 | $351.0M | $216.4M | ||
| Q4 24 | $250.4M | $161.9M | ||
| Q3 24 | $551.3M | $175.3M | ||
| Q2 24 | $318.4M | $206.2M | ||
| Q1 24 | $333.8M | $206.6M |
净利润FORHCI
| Q4 25 | $15.4M | $97.7M | ||
| Q3 25 | $86.9M | $65.5M | ||
| Q2 25 | $32.9M | $66.2M | ||
| Q1 25 | $31.6M | $69.7M | ||
| Q4 24 | $16.5M | $2.6M | ||
| Q3 24 | $81.5M | $5.7M | ||
| Q2 24 | $38.7M | $54.1M | ||
| Q1 24 | $45.0M | $47.6M |
毛利率FORHCI
| 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FORHCI
| Q4 25 | 7.6% | 58.5% | ||
| Q3 25 | 16.9% | 41.9% | ||
| Q2 25 | 11.2% | 42.5% | ||
| Q1 25 | 11.6% | 46.4% | ||
| Q4 24 | 8.7% | 3.6% | ||
| Q3 24 | 19.7% | 8.0% | ||
| Q2 24 | 16.2% | 36.9% | ||
| Q1 24 | 17.6% | 37.5% |
净利率FORHCI
| Q4 25 | 5.6% | 39.7% | ||
| Q3 25 | 13.0% | 30.3% | ||
| Q2 25 | 8.4% | 29.8% | ||
| Q1 25 | 9.0% | 32.2% | ||
| Q4 24 | 6.6% | 1.6% | ||
| Q3 24 | 14.8% | 3.2% | ||
| Q2 24 | 12.2% | 26.2% | ||
| Q1 24 | 13.5% | 23.0% |
每股收益（稀释后）FORHCI
| Q4 25 | $0.30 | $7.29 | ||
| Q3 25 | $1.70 | $4.90 | ||
| Q2 25 | $0.65 | $5.18 | ||
| Q1 25 | $0.62 | $5.35 | ||
| Q4 24 | $0.32 | $0.32 | ||
| Q3 24 | $1.59 | $0.52 | ||
| Q2 24 | $0.76 | $4.24 | ||
| Q1 24 | $0.89 | $3.81 |
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 | $1.2B |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $1.0B |
| 总资产 | $3.2B | $2.5B |
| 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FORHCI
| Q4 25 | $211.7M | $1.2B | ||
| Q3 25 | $379.2M | $987.9M | ||
| Q2 25 | $189.2M | $947.2M | ||
| Q1 25 | $174.3M | $754.5M | ||
| Q4 24 | $132.0M | $532.5M | ||
| Q3 24 | $481.2M | $518.8M | ||
| Q2 24 | $359.2M | $445.8M | ||
| Q1 24 | $416.2M | $655.4M |
总债务FORHCI
| 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FORHCI
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.8B | $821.8M | ||
| Q2 25 | $1.7B | $758.6M | ||
| Q1 25 | $1.6B | $522.7M | ||
| Q4 24 | $1.6B | $453.3M | ||
| Q3 24 | $1.6B | $455.3M | ||
| Q2 24 | $1.5B | $447.3M | ||
| Q1 24 | $1.5B | $395.7M |
总资产FORHCI
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.1B | $2.3B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.6B | $1.8B |
负债/权益比FORHCI
| 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 | $444.4M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $440.8M |
| 自由现金流率自由现金流/营收 | -57.5% | 179.0% |
| 资本支出强度资本支出/营收 | 0.0% | 1.5% |
| 现金转化率经营现金流/净利润 | -10.19× | 4.55× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $771.4M |
8季度趋势，按日历期对齐
经营现金流FORHCI
| Q4 25 | $-157.0M | $444.4M | ||
| Q3 25 | $256.3M | $26.7M | ||
| Q2 25 | $15.8M | $145.0M | ||
| Q1 25 | $-19.8M | $162.0M | ||
| Q4 24 | $-450.0M | $331.8M | ||
| Q3 24 | $119.2M | $104.1M | ||
| Q2 24 | $-61.7M | $-29.0M | ||
| Q1 24 | $-59.2M | $182.0M |
自由现金流FORHCI
| Q4 25 | $-157.1M | $440.8M | ||
| Q3 25 | $255.6M | $25.9M | ||
| Q2 25 | $15.0M | $144.5M | ||
| Q1 25 | $-20.5M | $160.3M | ||
| Q4 24 | — | $327.8M | ||
| Q3 24 | $118.4M | $103.2M | ||
| Q2 24 | $-62.3M | $-30.1M | ||
| Q1 24 | $-59.8M | $181.0M |
自由现金流率FORHCI
| Q4 25 | -57.5% | 179.0% | ||
| Q3 25 | 38.1% | 12.0% | ||
| Q2 25 | 3.8% | 65.1% | ||
| Q1 25 | -5.8% | 74.1% | ||
| Q4 24 | — | 202.5% | ||
| Q3 24 | 21.5% | 58.9% | ||
| Q2 24 | -19.6% | -14.6% | ||
| Q1 24 | -17.9% | 87.6% |
资本支出强度FORHCI
| Q4 25 | 0.0% | 1.5% | ||
| Q3 25 | 0.1% | 0.4% | ||
| Q2 25 | 0.2% | 0.2% | ||
| Q1 25 | 0.2% | 0.8% | ||
| Q4 24 | 0.0% | 2.5% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 0.2% | 0.5% |
现金转化率FORHCI
| Q4 25 | -10.19× | 4.55× | ||
| Q3 25 | 2.95× | 0.41× | ||
| Q2 25 | 0.48× | 2.19× | ||
| Q1 25 | -0.63× | 2.32× | ||
| Q4 24 | -27.27× | 128.41× | ||
| Q3 24 | 1.46× | 18.33× | ||
| Q2 24 | -1.59× | -0.54× | ||
| Q1 24 | -1.32× | 3.82× |
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% |
HCI
| Insurance Operation | $218.3M | 89% |
| Reciprocal Exchange Operation | $27.0M | 11% |
