vs
Forestar Group Inc.（FOR）与H&R BLOCK INC（HRB）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H&R BLOCK INC的1.4倍（$273.0M vs $198.9M），Forestar Group Inc.净利率更高（5.6% vs -121.8%，领先127.4%），H&R BLOCK INC同比增速更快（11.1% vs 9.0%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-649.5M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -69.8%）
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。
H&R Block是美国知名税务服务企业，1955年由亨利·布洛克与理查德·布洛克兄弟在密苏里州堪萨斯城创立，目前业务范围覆盖美国、加拿大、澳大利亚三地，为个人及企业客户提供专业的税务申报、咨询等相关服务，在行业内拥有较高知名度。
FOR vs HRB — 直观对比
营收规模更大
FOR
是对方的1.4倍
$198.9M
营收增速更快
HRB
高出2.0%
9.0%
净利率更高
FOR
高出127.4%
-121.8%
自由现金流更多
FOR
多$492.4M
$-649.5M
两年增速更快
FOR
近两年复合增速
-69.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $198.9M |
| 净利润 | $15.4M | $-242.2M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | -160.5% |
| 净利率 | 5.6% | -121.8% |
| 营收同比 | 9.0% | 11.1% |
| 净利润同比 | -6.7% | 0.5% |
| 每股收益（稀释后） | $0.30 | — |
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FORHRB
| Q4 25 | $273.0M | $198.9M | ||
| Q3 25 | $670.5M | $203.6M | ||
| Q2 25 | $390.5M | $1.1B | ||
| Q1 25 | $351.0M | $2.3B | ||
| Q4 24 | $250.4M | $179.1M | ||
| Q3 24 | $551.3M | $193.8M | ||
| Q2 24 | $318.4M | $1.1B | ||
| Q1 24 | $333.8M | $2.2B |
净利润FORHRB
| Q4 25 | $15.4M | $-242.2M | ||
| Q3 25 | $86.9M | $-165.8M | ||
| Q2 25 | $32.9M | $299.4M | ||
| Q1 25 | $31.6M | $722.3M | ||
| Q4 24 | $16.5M | $-243.4M | ||
| Q3 24 | $81.5M | $-172.6M | ||
| Q2 24 | $38.7M | $257.8M | ||
| Q1 24 | $45.0M | $690.7M |
毛利率FORHRB
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | 57.4% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | 57.6% |
营业利润率FORHRB
| Q4 25 | 7.6% | -160.5% | ||
| Q3 25 | 16.9% | -106.3% | ||
| Q2 25 | 11.2% | 33.1% | ||
| Q1 25 | 11.6% | 42.1% | ||
| Q4 24 | 8.7% | -174.4% | ||
| Q3 24 | 19.7% | -119.8% | ||
| Q2 24 | 16.2% | 33.0% | ||
| Q1 24 | 17.6% | 41.5% |
净利率FORHRB
| Q4 25 | 5.6% | -121.8% | ||
| Q3 25 | 13.0% | -81.5% | ||
| Q2 25 | 8.4% | 27.0% | ||
| Q1 25 | 9.0% | 31.7% | ||
| Q4 24 | 6.6% | -135.9% | ||
| Q3 24 | 14.8% | -89.0% | ||
| Q2 24 | 12.2% | 24.3% | ||
| Q1 24 | 13.5% | 31.6% |
每股收益（稀释后）FORHRB
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.62 | $5.31 | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $0.76 | — | ||
| Q1 24 | $0.89 | $4.86 |
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 | $349.2M |
| 总债务越低越好 | $793.2M | $2.4B |
| 股东权益账面价值 | $1.8B | $-823.1M |
| 总资产 | $3.2B | $2.9B |
| 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FORHRB
| Q4 25 | $211.7M | $349.2M | ||
| Q3 25 | $379.2M | $376.4M | ||
| Q2 25 | $189.2M | $983.3M | ||
| Q1 25 | $174.3M | $772.9M | ||
| Q4 24 | $132.0M | $320.1M | ||
| Q3 24 | $481.2M | $415.9M | ||
| Q2 24 | $359.2M | $1.1B | ||
| Q1 24 | $416.2M | $794.6M |
总债务FORHRB
| Q4 25 | $793.2M | $2.4B | ||
| Q3 25 | $802.7M | $1.7B | ||
| Q2 25 | $872.8M | $1.1B | ||
| Q1 25 | $872.5M | $1.1B | ||
| Q4 24 | $806.8M | $1.9B | ||
| Q3 24 | $706.4M | $1.5B | ||
| Q2 24 | $706.1M | $1.5B | ||
| Q1 24 | $705.7M | $1.5B |
股东权益FORHRB
| Q4 25 | $1.8B | $-823.1M | ||
| Q3 25 | $1.8B | $-550.9M | ||
| Q2 25 | $1.7B | $88.9M | ||
| Q1 25 | $1.6B | $-192.8M | ||
| Q4 24 | $1.6B | $-872.5M | ||
| Q3 24 | $1.6B | $-368.1M | ||
| Q2 24 | $1.5B | $90.6M | ||
| Q1 24 | $1.5B | $-129.8M |
总资产FORHRB
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.1B | $2.6B | ||
| Q2 25 | $3.1B | $3.3B | ||
| Q1 25 | $3.0B | $3.2B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $2.8B | $2.5B | ||
| Q2 24 | $2.7B | $3.2B | ||
| Q1 24 | $2.6B | $3.2B |
负债/权益比FORHRB
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | 12.86× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.47× | 16.46× | ||
| 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 | $-614.0M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-649.5M |
| 自由现金流率自由现金流/营收 | -57.5% | -326.6% |
| 资本支出强度资本支出/营收 | 0.0% | 17.9% |
| 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 | $524.1M |
8季度趋势，按日历期对齐
经营现金流FORHRB
| Q4 25 | $-157.0M | $-614.0M | ||
| Q3 25 | $256.3M | $-356.8M | ||
| Q2 25 | $15.8M | $251.6M | ||
| Q1 25 | $-19.8M | $1.3B | ||
| Q4 24 | $-450.0M | $-567.1M | ||
| Q3 24 | $119.2M | $-328.6M | ||
| Q2 24 | $-61.7M | $300.6M | ||
| Q1 24 | $-59.2M | $1.4B |
自由现金流FORHRB
| Q4 25 | $-157.1M | $-649.5M | ||
| Q3 25 | $255.6M | $-370.0M | ||
| Q2 25 | $15.0M | $241.3M | ||
| Q1 25 | $-20.5M | $1.3B | ||
| Q4 24 | — | $-597.4M | ||
| Q3 24 | $118.4M | $-347.3M | ||
| Q2 24 | $-62.3M | $290.7M | ||
| Q1 24 | $-59.8M | $1.3B |
自由现金流率FORHRB
| Q4 25 | -57.5% | -326.6% | ||
| Q3 25 | 38.1% | -181.8% | ||
| Q2 25 | 3.8% | 21.7% | ||
| Q1 25 | -5.8% | 57.2% | ||
| Q4 24 | — | -333.6% | ||
| Q3 24 | 21.5% | -179.2% | ||
| Q2 24 | -19.6% | 27.4% | ||
| Q1 24 | -17.9% | 61.4% |
资本支出强度FORHRB
| Q4 25 | 0.0% | 17.9% | ||
| Q3 25 | 0.1% | 6.5% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.2% | 1.0% | ||
| Q4 24 | 0.0% | 17.0% | ||
| Q3 24 | 0.1% | 9.7% | ||
| Q2 24 | 0.2% | 0.9% | ||
| Q1 24 | 0.2% | 1.0% |
现金转化率FORHRB
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 0.84× | ||
| Q1 25 | -0.63× | 1.83× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | 1.17× | ||
| Q1 24 | -1.32× | 1.97× |
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% |
HRB
暂无分部数据
