vs
Forestar Group Inc.（FOR）与Hilltop Holdings Inc.（HTH）财务数据对比。点击上方公司名可切换其他公司
Hilltop Holdings Inc.的季度营收约是Forestar Group Inc.的1.1倍（$300.5M vs $273.0M），Hilltop Holdings Inc.净利率更高（13.0% vs 5.6%，领先7.3%），过去两年Hilltop Holdings Inc.的营收复合增速更高（0.6% 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。
Hilltop Holdings Inc.是总部位于美国得克萨斯州达拉斯的金融控股公司，旗下拥有PlainsCapital Bank、PrimeLending与HilltopSecurities三大核心子公司，为客户提供多元金融产品及银行相关服务。
FOR vs HTH — 直观对比
营收规模更大
HTH
是对方的1.1倍
$273.0M
净利率更高
HTH
高出7.3%
5.6%
两年增速更快
HTH
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $300.5M |
| 净利润 | $15.4M | $39.0M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | — |
| 净利率 | 5.6% | 13.0% |
| 营收同比 | 9.0% | — |
| 净利润同比 | -6.7% | -12.4% |
| 每股收益（稀释后） | $0.30 | $0.64 |
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FORHTH
| Q1 26 | — | $300.5M | ||
| Q4 25 | $273.0M | $329.9M | ||
| Q3 25 | $670.5M | $330.2M | ||
| Q2 25 | $390.5M | $303.3M | ||
| Q1 25 | $351.0M | $318.5M | ||
| Q4 24 | $250.4M | $301.1M | ||
| Q3 24 | $551.3M | $305.5M | ||
| Q2 24 | $318.4M | $297.0M |
净利润FORHTH
| Q1 26 | — | $39.0M | ||
| Q4 25 | $15.4M | $41.6M | ||
| Q3 25 | $86.9M | $45.8M | ||
| Q2 25 | $32.9M | $36.1M | ||
| Q1 25 | $31.6M | $42.1M | ||
| Q4 24 | $16.5M | $35.5M | ||
| Q3 24 | $81.5M | $29.7M | ||
| Q2 24 | $38.7M | $20.3M |
毛利率FORHTH
| 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FORHTH
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 16.1% | ||
| Q3 25 | 16.9% | 18.4% | ||
| Q2 25 | 11.2% | 16.3% | ||
| Q1 25 | 11.6% | 18.1% | ||
| Q4 24 | 8.7% | 14.7% | ||
| Q3 24 | 19.7% | 13.9% | ||
| Q2 24 | 16.2% | 10.0% |
净利率FORHTH
| Q1 26 | — | 13.0% | ||
| Q4 25 | 5.6% | 12.6% | ||
| Q3 25 | 13.0% | 13.9% | ||
| Q2 25 | 8.4% | 11.9% | ||
| Q1 25 | 9.0% | 13.2% | ||
| Q4 24 | 6.6% | 11.8% | ||
| Q3 24 | 14.8% | 9.7% | ||
| Q2 24 | 12.2% | 6.8% |
每股收益（稀释后）FORHTH
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.30 | $0.68 | ||
| Q3 25 | $1.70 | $0.74 | ||
| Q2 25 | $0.65 | $0.57 | ||
| Q1 25 | $0.62 | $0.65 | ||
| Q4 24 | $0.32 | $0.55 | ||
| Q3 24 | $1.59 | $0.46 | ||
| Q2 24 | $0.76 | $0.31 |
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 | $990.8M |
| 股东权益账面价值 | $1.8B | $2.2B |
| 总资产 | $3.2B | $15.7B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资FORHTH
| Q1 26 | — | — | ||
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $174.3M | — | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | — | ||
| Q2 24 | $359.2M | — |
总债务FORHTH
| Q1 26 | — | $990.8M | ||
| 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 | — |
股东权益FORHTH
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $1.6B | $2.2B | ||
| Q3 24 | $1.6B | $2.2B | ||
| Q2 24 | $1.5B | $2.1B |
总资产FORHTH
| Q1 26 | — | $15.7B | ||
| Q4 25 | $3.2B | $15.8B | ||
| Q3 25 | $3.1B | $15.6B | ||
| Q2 25 | $3.1B | $15.4B | ||
| Q1 25 | $3.0B | $15.8B | ||
| Q4 24 | $3.0B | $16.3B | ||
| Q3 24 | $2.8B | $15.9B | ||
| Q2 24 | $2.7B | $15.6B |
负债/权益比FORHTH
| Q1 26 | — | 0.46× | ||
| 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 | — |
| 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% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FORHTH
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $-38.7M | ||
| Q3 25 | $256.3M | $273.0M | ||
| Q2 25 | $15.8M | $-234.6M | ||
| Q1 25 | $-19.8M | $5.8M | ||
| Q4 24 | $-450.0M | $273.9M | ||
| Q3 24 | $119.2M | $515.6M | ||
| Q2 24 | $-61.7M | $-435.3M |
自由现金流FORHTH
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $-55.5M | ||
| Q3 25 | $255.6M | $271.0M | ||
| Q2 25 | $15.0M | $-234.6M | ||
| Q1 25 | $-20.5M | $5.0M | ||
| Q4 24 | — | $266.8M | ||
| Q3 24 | $118.4M | $513.8M | ||
| Q2 24 | $-62.3M | $-437.3M |
自由现金流率FORHTH
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | -16.8% | ||
| Q3 25 | 38.1% | 82.1% | ||
| Q2 25 | 3.8% | -77.4% | ||
| Q1 25 | -5.8% | 1.6% | ||
| Q4 24 | — | 88.6% | ||
| Q3 24 | 21.5% | 168.2% | ||
| Q2 24 | -19.6% | -147.2% |
资本支出强度FORHTH
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 5.1% | ||
| Q3 25 | 0.1% | 0.6% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.2% | 0.3% | ||
| Q4 24 | 0.0% | 2.4% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.2% | 0.7% |
现金转化率FORHTH
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | -0.93× | ||
| Q3 25 | 2.95× | 5.96× | ||
| Q2 25 | 0.48× | -6.50× | ||
| Q1 25 | -0.63× | 0.14× | ||
| Q4 24 | -27.27× | 7.71× | ||
| Q3 24 | 1.46× | 17.36× | ||
| Q2 24 | -1.59× | -21.41× |
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% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
