vs
Forestar Group Inc.（FOR）与HECLA MINING CO（HL）财务数据对比。点击上方公司名可切换其他公司
HECLA MINING CO的季度营收约是Forestar Group Inc.的1.6倍（$448.1M vs $273.0M），HECLA MINING CO净利率更高（30.0% vs 5.6%，领先24.4%），HECLA MINING CO同比增速更快（79.5% vs 9.0%），HECLA MINING CO自由现金流更多（$134.7M vs $-157.1M），过去两年HECLA MINING CO的营收复合增速更高（53.8% 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。
赫克拉矿业是总部位于美国的金属开采企业，主营银、金、铅、锌等矿产开发，矿区主要分布于北美地区，产品供应珠宝、工业制造、新能源供应链等领域，是美国头部原生银生产商之一。
FOR vs HL — 直观对比
营收规模更大
HL
是对方的1.6倍
$273.0M
营收增速更快
HL
高出70.5%
9.0%
净利率更高
HL
高出24.4%
5.6%
自由现金流更多
HL
多$291.8M
$-157.1M
两年增速更快
HL
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $448.1M |
| 净利润 | $15.4M | $134.4M |
| 毛利率 | 20.1% | 55.4% |
| 营业利润率 | 7.6% | 49.1% |
| 净利率 | 5.6% | 30.0% |
| 营收同比 | 9.0% | 79.5% |
| 净利润同比 | -6.7% | 1027.2% |
| 每股收益（稀释后） | $0.30 | $0.20 |
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FORHL
| Q4 25 | $273.0M | $448.1M | ||
| Q3 25 | $670.5M | $409.5M | ||
| Q2 25 | $390.5M | $304.0M | ||
| Q1 25 | $351.0M | $261.3M | ||
| Q4 24 | $250.4M | $249.7M | ||
| Q3 24 | $551.3M | $245.1M | ||
| Q2 24 | $318.4M | $245.7M | ||
| Q1 24 | $333.8M | $189.5M |
净利润FORHL
| Q4 25 | $15.4M | $134.4M | ||
| Q3 25 | $86.9M | $100.7M | ||
| Q2 25 | $32.9M | $57.7M | ||
| Q1 25 | $31.6M | $28.9M | ||
| Q4 24 | $16.5M | $11.9M | ||
| Q3 24 | $81.5M | $1.8M | ||
| Q2 24 | $38.7M | $27.9M | ||
| Q1 24 | $45.0M | $-5.8M |
毛利率FORHL
| Q4 25 | 20.1% | 55.4% | ||
| Q3 25 | 22.3% | 44.1% | ||
| Q2 25 | 20.4% | 39.3% | ||
| Q1 25 | 22.6% | 28.3% | ||
| Q4 24 | 22.0% | 27.4% | ||
| Q3 24 | 23.9% | 24.2% | ||
| Q2 24 | 22.5% | 20.9% | ||
| Q1 24 | 24.9% | 10.1% |
营业利润率FORHL
| Q4 25 | 7.6% | 49.1% | ||
| Q3 25 | 16.9% | 36.3% | ||
| Q2 25 | 11.2% | 30.8% | ||
| Q1 25 | 11.6% | 20.0% | ||
| Q4 24 | 8.7% | 15.3% | ||
| Q3 24 | 19.7% | 9.2% | ||
| Q2 24 | 16.2% | 16.5% | ||
| Q1 24 | 17.6% | 2.7% |
净利率FORHL
| Q4 25 | 5.6% | 30.0% | ||
| Q3 25 | 13.0% | 24.6% | ||
| Q2 25 | 8.4% | 19.0% | ||
| Q1 25 | 9.0% | 11.0% | ||
| Q4 24 | 6.6% | 4.8% | ||
| Q3 24 | 14.8% | 0.7% | ||
| Q2 24 | 12.2% | 11.3% | ||
| Q1 24 | 13.5% | -3.0% |
每股收益（稀释后）FORHL
| Q4 25 | $0.30 | $0.20 | ||
| Q3 25 | $1.70 | $0.15 | ||
| Q2 25 | $0.65 | $0.09 | ||
| Q1 25 | $0.62 | $0.05 | ||
| Q4 24 | $0.32 | $0.03 | ||
| Q3 24 | $1.59 | $0.00 | ||
| Q2 24 | $0.76 | $0.04 | ||
| Q1 24 | $0.89 | $-0.01 |
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 | $301.2M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $2.6B |
| 总资产 | $3.2B | $3.6B |
| 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FORHL
| Q4 25 | $211.7M | $301.2M | ||
| Q3 25 | $379.2M | $133.9M | ||
| Q2 25 | $189.2M | $296.6M | ||
| Q1 25 | $174.3M | $23.7M | ||
| Q4 24 | $132.0M | $26.9M | ||
| Q3 24 | $481.2M | $22.3M | ||
| Q2 24 | $359.2M | $24.6M | ||
| Q1 24 | $416.2M | $80.2M |
总债务FORHL
| 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FORHL
| Q4 25 | $1.8B | $2.6B | ||
| Q3 25 | $1.8B | $2.4B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.6B | $2.1B | ||
| Q4 24 | $1.6B | $2.0B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | $2.0B | ||
| Q1 24 | $1.5B | $2.0B |
总资产FORHL
| Q4 25 | $3.2B | $3.6B | ||
| Q3 25 | $3.1B | $3.2B | ||
| Q2 25 | $3.1B | $3.3B | ||
| Q1 25 | $3.0B | $3.0B | ||
| Q4 24 | $3.0B | $3.0B | ||
| Q3 24 | $2.8B | $3.0B | ||
| Q2 24 | $2.7B | $2.9B | ||
| Q1 24 | $2.6B | $3.0B |
负债/权益比FORHL
| 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 | $217.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $134.7M |
| 自由现金流率自由现金流/营收 | -57.5% | 30.1% |
| 资本支出强度资本支出/营收 | 0.0% | 18.4% |
| 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 | $310.2M |
8季度趋势，按日历期对齐
经营现金流FORHL
| Q4 25 | $-157.0M | $217.1M | ||
| Q3 25 | $256.3M | $148.0M | ||
| Q2 25 | $15.8M | $161.8M | ||
| Q1 25 | $-19.8M | $35.7M | ||
| Q4 24 | $-450.0M | $67.5M | ||
| Q3 24 | $119.2M | $55.0M | ||
| Q2 24 | $-61.7M | $78.7M | ||
| Q1 24 | $-59.2M | $17.1M |
自由现金流FORHL
| Q4 25 | $-157.1M | $134.7M | ||
| Q3 25 | $255.6M | $90.1M | ||
| Q2 25 | $15.0M | $103.8M | ||
| Q1 25 | $-20.5M | $-18.4M | ||
| Q4 24 | — | $6.7M | ||
| Q3 24 | $118.4M | $-690.0K | ||
| Q2 24 | $-62.3M | $28.3M | ||
| Q1 24 | $-59.8M | $-30.5M |
自由现金流率FORHL
| Q4 25 | -57.5% | 30.1% | ||
| Q3 25 | 38.1% | 22.0% | ||
| Q2 25 | 3.8% | 34.1% | ||
| Q1 25 | -5.8% | -7.0% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | 21.5% | -0.3% | ||
| Q2 24 | -19.6% | 11.5% | ||
| Q1 24 | -17.9% | -16.1% |
资本支出强度FORHL
| Q4 25 | 0.0% | 18.4% | ||
| Q3 25 | 0.1% | 14.1% | ||
| Q2 25 | 0.2% | 19.1% | ||
| Q1 25 | 0.2% | 20.7% | ||
| Q4 24 | 0.0% | 24.3% | ||
| Q3 24 | 0.1% | 22.7% | ||
| Q2 24 | 0.2% | 20.5% | ||
| Q1 24 | 0.2% | 25.1% |
现金转化率FORHL
| Q4 25 | -10.19× | 1.61× | ||
| Q3 25 | 2.95× | 1.47× | ||
| Q2 25 | 0.48× | 2.80× | ||
| Q1 25 | -0.63× | 1.24× | ||
| Q4 24 | -27.27× | 5.66× | ||
| Q3 24 | 1.46× | 31.24× | ||
| Q2 24 | -1.59× | 2.82× | ||
| 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% |
HL
| Silver Contracts | $258.5M | 58% |
| Gold | $129.2M | 29% |
| Zinc | $30.3M | 7% |
| Lead | $23.3M | 5% |
| Environmental Remediation Services | $9.2M | 2% |
