vs
Forestar Group Inc.（FOR）与IBEX Ltd（IBEX）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IBEX Ltd的1.7倍（$273.0M vs $164.2M），IBEX Ltd净利率更高（7.4% vs 5.6%，领先1.8%），IBEX Ltd同比增速更快（16.7% vs 9.0%），IBEX Ltd自由现金流更多（$-5.1M vs $-157.1M），过去两年IBEX Ltd的营收复合增速更高（13.8% 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。
IBEX 35是西班牙主要交易所马德里证券交易所的基准股票指数，该指数始创于1992年，由西班牙证券市场集团BME旗下的交易所公司负责计算与管理。它以市值加权编制，涵盖马德里证券交易所流动性最高的35只西班牙股票，每年进行两次成分股调整。
FOR vs IBEX — 直观对比
营收规模更大
FOR
是对方的1.7倍
$164.2M
营收增速更快
IBEX
高出7.7%
9.0%
净利率更高
IBEX
高出1.8%
5.6%
自由现金流更多
IBEX
多$152.0M
$-157.1M
两年增速更快
IBEX
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $164.2M |
| 净利润 | $15.4M | $12.2M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 9.3% |
| 净利率 | 5.6% | 7.4% |
| 营收同比 | 9.0% | 16.7% |
| 净利润同比 | -6.7% | 31.8% |
| 每股收益（稀释后） | $0.30 | $0.83 |
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FORIBEX
| Q4 25 | $273.0M | $164.2M | ||
| Q3 25 | $670.5M | $151.2M | ||
| Q2 25 | $390.5M | $147.1M | ||
| Q1 25 | $351.0M | $140.7M | ||
| Q4 24 | $250.4M | $140.7M | ||
| Q3 24 | $551.3M | $129.7M | ||
| Q2 24 | $318.4M | $124.5M | ||
| Q1 24 | $333.8M | $126.8M |
净利润FORIBEX
| Q4 25 | $15.4M | $12.2M | ||
| Q3 25 | $86.9M | $12.0M | ||
| Q2 25 | $32.9M | $9.6M | ||
| Q1 25 | $31.6M | $10.5M | ||
| Q4 24 | $16.5M | $9.3M | ||
| Q3 24 | $81.5M | $7.5M | ||
| Q2 24 | $38.7M | $9.8M | ||
| Q1 24 | $45.0M | $10.3M |
毛利率FORIBEX
| 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FORIBEX
| Q4 25 | 7.6% | 9.3% | ||
| Q3 25 | 16.9% | 9.1% | ||
| Q2 25 | 11.2% | 8.3% | ||
| Q1 25 | 11.6% | 9.5% | ||
| Q4 24 | 8.7% | 8.5% | ||
| Q3 24 | 19.7% | 7.0% | ||
| Q2 24 | 16.2% | 10.3% | ||
| Q1 24 | 17.6% | 8.9% |
净利率FORIBEX
| Q4 25 | 5.6% | 7.4% | ||
| Q3 25 | 13.0% | 8.0% | ||
| Q2 25 | 8.4% | 6.5% | ||
| Q1 25 | 9.0% | 7.4% | ||
| Q4 24 | 6.6% | 6.6% | ||
| Q3 24 | 14.8% | 5.8% | ||
| Q2 24 | 12.2% | 7.9% | ||
| Q1 24 | 13.5% | 8.1% |
每股收益（稀释后）FORIBEX
| Q4 25 | $0.30 | $0.83 | ||
| Q3 25 | $1.70 | $0.82 | ||
| Q2 25 | $0.65 | $0.63 | ||
| Q1 25 | $0.62 | $0.73 | ||
| Q4 24 | $0.32 | $0.57 | ||
| Q3 24 | $1.59 | $0.43 | ||
| Q2 24 | $0.76 | $0.55 | ||
| Q1 24 | $0.89 | $0.57 |
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 | $15.5M |
| 总债务越低越好 | $793.2M | $594.0K |
| 股东权益账面价值 | $1.8B | $154.5M |
| 总资产 | $3.2B | $295.8M |
| 负债/权益比越低杠杆越低 | 0.44× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FORIBEX
| Q4 25 | $211.7M | $15.5M | ||
| Q3 25 | $379.2M | $22.7M | ||
| Q2 25 | $189.2M | $15.3M | ||
| Q1 25 | $174.3M | $13.0M | ||
| Q4 24 | $132.0M | $20.2M | ||
| Q3 24 | $481.2M | $62.3M | ||
| Q2 24 | $359.2M | $62.7M | ||
| Q1 24 | $416.2M | $50.7M |
总债务FORIBEX
| Q4 25 | $793.2M | $594.0K | ||
| Q3 25 | $802.7M | $726.0K | ||
| Q2 25 | $872.8M | $796.0K | ||
| Q1 25 | $872.5M | $735.0K | ||
| Q4 24 | $806.8M | $695.0K | ||
| Q3 24 | $706.4M | $802.0K | ||
| Q2 24 | $706.1M | $867.0K | ||
| Q1 24 | $705.7M | $820.0K |
股东权益FORIBEX
| Q4 25 | $1.8B | $154.5M | ||
| Q3 25 | $1.8B | $143.6M | ||
| Q2 25 | $1.7B | $134.3M | ||
| Q1 25 | $1.6B | $124.2M | ||
| Q4 24 | $1.6B | $108.9M | ||
| Q3 24 | $1.6B | $171.1M | ||
| Q2 24 | $1.5B | $165.8M | ||
| Q1 24 | $1.5B | $159.3M |
总资产FORIBEX
| Q4 25 | $3.2B | $295.8M | ||
| Q3 25 | $3.1B | $283.9M | ||
| Q2 25 | $3.1B | $273.2M | ||
| Q1 25 | $3.0B | $274.7M | ||
| Q4 24 | $3.0B | $272.5M | ||
| Q3 24 | $2.8B | $306.3M | ||
| Q2 24 | $2.7B | $293.9M | ||
| Q1 24 | $2.6B | $289.6M |
负债/权益比FORIBEX
| Q4 25 | 0.44× | 0.00× | ||
| Q3 25 | 0.45× | 0.01× | ||
| Q2 25 | 0.52× | 0.01× | ||
| Q1 25 | 0.53× | 0.01× | ||
| Q4 24 | 0.50× | 0.01× | ||
| Q3 24 | 0.44× | 0.00× | ||
| Q2 24 | 0.47× | 0.01× | ||
| Q1 24 | 0.48× | 0.01× |
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 | $6.6M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-5.1M |
| 自由现金流率自由现金流/营收 | -57.5% | -3.1% |
| 资本支出强度资本支出/营收 | 0.0% | 7.1% |
| 现金转化率经营现金流/净利润 | -10.19× | 0.54× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $29.3M |
8季度趋势，按日历期对齐
经营现金流FORIBEX
| Q4 25 | $-157.0M | $6.6M | ||
| Q3 25 | $256.3M | $15.7M | ||
| Q2 25 | $15.8M | $27.9M | ||
| Q1 25 | $-19.8M | $8.8M | ||
| Q4 24 | $-450.0M | $1.1M | ||
| Q3 24 | $119.2M | $7.8M | ||
| Q2 24 | $-61.7M | $17.4M | ||
| Q1 24 | $-59.2M | $11.4M |
自由现金流FORIBEX
| Q4 25 | $-157.1M | $-5.1M | ||
| Q3 25 | $255.6M | $8.0M | ||
| Q2 25 | $15.0M | $22.8M | ||
| Q1 25 | $-20.5M | $3.6M | ||
| Q4 24 | — | $-3.2M | ||
| Q3 24 | $118.4M | $4.1M | ||
| Q2 24 | $-62.3M | $15.2M | ||
| Q1 24 | $-59.8M | $9.7M |
自由现金流率FORIBEX
| Q4 25 | -57.5% | -3.1% | ||
| Q3 25 | 38.1% | 5.3% | ||
| Q2 25 | 3.8% | 15.5% | ||
| Q1 25 | -5.8% | 2.5% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | 21.5% | 3.2% | ||
| Q2 24 | -19.6% | 12.2% | ||
| Q1 24 | -17.9% | 7.7% |
资本支出强度FORIBEX
| Q4 25 | 0.0% | 7.1% | ||
| Q3 25 | 0.1% | 5.1% | ||
| Q2 25 | 0.2% | 3.5% | ||
| Q1 25 | 0.2% | 3.7% | ||
| Q4 24 | 0.0% | 3.1% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.2% | 1.8% | ||
| Q1 24 | 0.2% | 1.3% |
现金转化率FORIBEX
| Q4 25 | -10.19× | 0.54× | ||
| Q3 25 | 2.95× | 1.30× | ||
| Q2 25 | 0.48× | 2.91× | ||
| Q1 25 | -0.63× | 0.84× | ||
| Q4 24 | -27.27× | 0.12× | ||
| Q3 24 | 1.46× | 1.03× | ||
| Q2 24 | -1.59× | 1.77× | ||
| Q1 24 | -1.32× | 1.11× |
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% |
IBEX
| Transferred Over Time | $147.1M | 90% |
| Transferred At Point In Time | $17.1M | 10% |
