vs
Forestar Group Inc.（FOR）与Hess Midstream LP（HESM）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Hess Midstream LP的1.3倍（$273.0M vs $204.1M），Hess Midstream LP净利率更高（77.3% vs 5.6%，领先71.6%），Forestar Group Inc.同比增速更快（9.0% vs 2.1%），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -25.3%）
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。
赫斯是美国全球化独立能源企业，主要从事原油与天然气的勘探、生产业务。公司于1968年由赫斯石油化工和阿美拉达石油合并成立，2023年10月同意被雪佛龙收购，相关交易已于2025年7月完成交割。
FOR vs HESM — 直观对比
营收规模更大
FOR
是对方的1.3倍
$204.1M
营收增速更快
FOR
高出6.9%
2.1%
净利率更高
HESM
高出71.6%
5.6%
两年增速更快
FOR
近两年复合增速
-25.3%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $204.1M |
| 净利润 | $15.4M | $157.7M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 116.7% |
| 净利率 | 5.6% | 77.3% |
| 营收同比 | 9.0% | 2.1% |
| 净利润同比 | -6.7% | -2.3% |
| 每股收益（稀释后） | $0.30 | $0.68 |
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FORHESM
| Q1 26 | — | $204.1M | ||
| Q4 25 | $273.0M | $404.2M | ||
| Q3 25 | $670.5M | $420.9M | ||
| Q2 25 | $390.5M | $414.2M | ||
| Q1 25 | $351.0M | $382.0M | ||
| Q4 24 | $250.4M | $395.9M | ||
| Q3 24 | $551.3M | $378.5M | ||
| Q2 24 | $318.4M | $365.5M |
净利润FORHESM
| Q1 26 | — | $157.7M | ||
| Q4 25 | $15.4M | $93.3M | ||
| Q3 25 | $86.9M | $97.7M | ||
| Q2 25 | $32.9M | $90.3M | ||
| Q1 25 | $31.6M | $71.6M | ||
| Q4 24 | $16.5M | $70.4M | ||
| Q3 24 | $81.5M | $58.6M | ||
| Q2 24 | $38.7M | $49.5M |
毛利率FORHESM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FORHESM
| Q1 26 | — | 116.7% | ||
| Q4 25 | 7.6% | 62.2% | ||
| Q3 25 | 16.9% | 61.5% | ||
| Q2 25 | 11.2% | 62.8% | ||
| Q1 25 | 11.6% | 62.1% | ||
| Q4 24 | 8.7% | 61.4% | ||
| Q3 24 | 19.7% | 61.2% | ||
| Q2 24 | 16.2% | 60.8% |
净利率FORHESM
| Q1 26 | — | 77.3% | ||
| Q4 25 | 5.6% | 23.1% | ||
| Q3 25 | 13.0% | 23.2% | ||
| Q2 25 | 8.4% | 21.8% | ||
| Q1 25 | 9.0% | 18.7% | ||
| Q4 24 | 6.6% | 17.8% | ||
| Q3 24 | 14.8% | 15.5% | ||
| Q2 24 | 12.2% | 13.5% |
每股收益（稀释后）FORHESM
| Q1 26 | — | $0.68 | ||
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.62 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $0.76 | — |
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 | — |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | — |
| 总资产 | $3.2B | — |
| 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FORHESM
| Q1 26 | — | — | ||
| Q4 25 | $211.7M | $1.9M | ||
| Q3 25 | $379.2M | $5.5M | ||
| Q2 25 | $189.2M | $4.5M | ||
| Q1 25 | $174.3M | $6.1M | ||
| Q4 24 | $132.0M | $4.3M | ||
| Q3 24 | $481.2M | $10.3M | ||
| Q2 24 | $359.2M | $99.6M |
总债务FORHESM
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $3.8B | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $3.5B | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — |
股东权益FORHESM
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.5B | — |
总资产FORHESM
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $4.4B | ||
| Q3 25 | $3.1B | $4.4B | ||
| Q2 25 | $3.1B | $4.4B | ||
| Q1 25 | $3.0B | $4.3B | ||
| Q4 24 | $3.0B | $4.2B | ||
| Q3 24 | $2.8B | $4.1B | ||
| Q2 24 | $2.7B | $4.1B |
负债/权益比FORHESM
| Q1 26 | — | — | ||
| 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× | — |
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 | $253.3M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | — |
| 自由现金流率自由现金流/营收 | -57.5% | — |
| 资本支出强度资本支出/营收 | 0.0% | 51.4% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.61× |
| 过去12个月自由现金流最近4个季度 | $93.0M | — |
8季度趋势，按日历期对齐
经营现金流FORHESM
| Q1 26 | — | $253.3M | ||
| Q4 25 | $-157.0M | $245.6M | ||
| Q3 25 | $256.3M | $258.9M | ||
| Q2 25 | $15.8M | $276.9M | ||
| Q1 25 | $-19.8M | $202.4M | ||
| Q4 24 | $-450.0M | $258.5M | ||
| Q3 24 | $119.2M | $224.9M | ||
| Q2 24 | $-61.7M | $271.6M |
自由现金流FORHESM
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $178.9M | ||
| Q3 25 | $255.6M | $178.9M | ||
| Q2 25 | $15.0M | $213.5M | ||
| Q1 25 | $-20.5M | $156.9M | ||
| Q4 24 | — | $163.4M | ||
| Q3 24 | $118.4M | $132.6M | ||
| Q2 24 | $-62.3M | $207.7M |
自由现金流率FORHESM
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 44.3% | ||
| Q3 25 | 38.1% | 42.5% | ||
| Q2 25 | 3.8% | 51.5% | ||
| Q1 25 | -5.8% | 41.1% | ||
| Q4 24 | — | 41.3% | ||
| Q3 24 | 21.5% | 35.0% | ||
| Q2 24 | -19.6% | 56.8% |
资本支出强度FORHESM
| Q1 26 | — | 51.4% | ||
| Q4 25 | 0.0% | 16.5% | ||
| Q3 25 | 0.1% | 19.0% | ||
| Q2 25 | 0.2% | 15.3% | ||
| Q1 25 | 0.2% | 11.9% | ||
| Q4 24 | 0.0% | 24.0% | ||
| Q3 24 | 0.1% | 24.4% | ||
| Q2 24 | 0.2% | 17.5% |
现金转化率FORHESM
| Q1 26 | — | 1.61× | ||
| Q4 25 | -10.19× | 2.63× | ||
| Q3 25 | 2.95× | 2.65× | ||
| Q2 25 | 0.48× | 3.07× | ||
| Q1 25 | -0.63× | 2.83× | ||
| Q4 24 | -27.27× | 3.67× | ||
| Q3 24 | 1.46× | 3.84× | ||
| Q2 24 | -1.59× | 5.49× |
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% |
HESM
| Affiliate services | $197.9M | 97% |
| Third-party services | $6.2M | 3% |
