vs
Forestar Group Inc.（FOR）与INSTEEL INDUSTRIES INC（IIIN）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INSTEEL INDUSTRIES INC的1.7倍（$273.0M vs $159.9M），Forestar Group Inc.净利率更高（5.6% vs 4.7%，领先0.9%），INSTEEL INDUSTRIES INC同比增速更快（23.3% vs 9.0%），INSTEEL INDUSTRIES INC自由现金流更多（$-2.2M vs $-157.1M），过去两年INSTEEL INDUSTRIES INC的营收复合增速更高（12.0% 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。
Insteel Industries Inc是美国领先的钢材加固产品制造商，主营焊接钢筋网、工程结构网、钢纤维等产品，主要服务北美地区非住宅建筑、基础设施、预制混凝土构件等领域客户，提供高性能建筑加固解决方案。
FOR vs IIIN — 直观对比
营收规模更大
FOR
是对方的1.7倍
$159.9M
营收增速更快
IIIN
高出14.3%
9.0%
净利率更高
FOR
高出0.9%
4.7%
自由现金流更多
IIIN
多$154.9M
$-157.1M
两年增速更快
IIIN
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $159.9M |
| 净利润 | $15.4M | $7.6M |
| 毛利率 | 20.1% | 11.3% |
| 营业利润率 | 7.6% | 6.0% |
| 净利率 | 5.6% | 4.7% |
| 营收同比 | 9.0% | 23.3% |
| 净利润同比 | -6.7% | 602.4% |
| 每股收益（稀释后） | $0.30 | $0.39 |
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FORIIIN
| Q4 25 | $273.0M | $159.9M | ||
| Q3 25 | $670.5M | $177.4M | ||
| Q2 25 | $390.5M | $179.9M | ||
| Q1 25 | $351.0M | $160.7M | ||
| Q4 24 | $250.4M | $129.7M | ||
| Q3 24 | $551.3M | $134.3M | ||
| Q2 24 | $318.4M | $145.8M | ||
| Q1 24 | $333.8M | $127.4M |
净利润FORIIIN
| Q4 25 | $15.4M | $7.6M | ||
| Q3 25 | $86.9M | $14.6M | ||
| Q2 25 | $32.9M | $15.2M | ||
| Q1 25 | $31.6M | $10.2M | ||
| Q4 24 | $16.5M | $1.1M | ||
| Q3 24 | $81.5M | $4.7M | ||
| Q2 24 | $38.7M | $6.6M | ||
| Q1 24 | $45.0M | $6.9M |
毛利率FORIIIN
| Q4 25 | 20.1% | 11.3% | ||
| Q3 25 | 22.3% | 16.1% | ||
| Q2 25 | 20.4% | 17.1% | ||
| Q1 25 | 22.6% | 15.3% | ||
| Q4 24 | 22.0% | 7.3% | ||
| Q3 24 | 23.9% | 9.1% | ||
| Q2 24 | 22.5% | 10.6% | ||
| Q1 24 | 24.9% | 12.3% |
营业利润率FORIIIN
| Q4 25 | 7.6% | 6.0% | ||
| Q3 25 | 16.9% | 10.8% | ||
| Q2 25 | 11.2% | 11.0% | ||
| Q1 25 | 11.6% | 8.3% | ||
| Q4 24 | 8.7% | 1.1% | ||
| Q3 24 | 19.7% | 4.5% | ||
| Q2 24 | 16.2% | 6.0% | ||
| Q1 24 | 17.6% | 7.0% |
净利率FORIIIN
| Q4 25 | 5.6% | 4.7% | ||
| Q3 25 | 13.0% | 8.2% | ||
| Q2 25 | 8.4% | 8.4% | ||
| Q1 25 | 9.0% | 6.4% | ||
| Q4 24 | 6.6% | 0.8% | ||
| Q3 24 | 14.8% | 3.5% | ||
| Q2 24 | 12.2% | 4.5% | ||
| Q1 24 | 13.5% | 5.4% |
每股收益（稀释后）FORIIIN
| Q4 25 | $0.30 | $0.39 | ||
| Q3 25 | $1.70 | $0.74 | ||
| Q2 25 | $0.65 | $0.78 | ||
| Q1 25 | $0.62 | $0.52 | ||
| Q4 24 | $0.32 | $0.06 | ||
| Q3 24 | $1.59 | $0.24 | ||
| Q2 24 | $0.76 | $0.34 | ||
| Q1 24 | $0.89 | $0.35 |
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 | $15.6M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $358.8M |
| 总资产 | $3.2B | $456.1M |
| 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FORIIIN
| Q4 25 | $211.7M | $15.6M | ||
| Q3 25 | $379.2M | $38.6M | ||
| Q2 25 | $189.2M | $53.7M | ||
| Q1 25 | $174.3M | $28.4M | ||
| Q4 24 | $132.0M | $36.0M | ||
| Q3 24 | $481.2M | $111.5M | ||
| Q2 24 | $359.2M | $97.7M | ||
| Q1 24 | $416.2M | $83.9M |
总债务FORIIIN
| 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FORIIIN
| Q4 25 | $1.8B | $358.8M | ||
| Q3 25 | $1.8B | $371.5M | ||
| Q2 25 | $1.7B | $356.2M | ||
| Q1 25 | $1.6B | $341.4M | ||
| Q4 24 | $1.6B | $331.6M | ||
| Q3 24 | $1.6B | $350.9M | ||
| Q2 24 | $1.5B | $346.0M | ||
| Q1 24 | $1.5B | $340.6M |
总资产FORIIIN
| Q4 25 | $3.2B | $456.1M | ||
| Q3 25 | $3.1B | $462.6M | ||
| Q2 25 | $3.1B | $471.9M | ||
| Q1 25 | $3.0B | $421.9M | ||
| Q4 24 | $3.0B | $404.7M | ||
| Q3 24 | $2.8B | $422.6M | ||
| Q2 24 | $2.7B | $414.6M | ||
| Q1 24 | $2.6B | $397.2M |
负债/权益比FORIIIN
| 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 | $-701.0K |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-2.2M |
| 自由现金流率自由现金流/营收 | -57.5% | -1.4% |
| 资本支出强度资本支出/营收 | 0.0% | 0.9% |
| 现金转化率经营现金流/净利润 | -10.19× | -0.09× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $439.0K |
8季度趋势，按日历期对齐
经营现金流FORIIIN
| Q4 25 | $-157.0M | $-701.0K | ||
| Q3 25 | $256.3M | $-17.0M | ||
| Q2 25 | $15.8M | $28.5M | ||
| Q1 25 | $-19.8M | $-3.3M | ||
| Q4 24 | $-450.0M | $19.0M | ||
| Q3 24 | $119.2M | $16.2M | ||
| Q2 24 | $-61.7M | $18.8M | ||
| Q1 24 | $-59.2M | $1.4M |
自由现金流FORIIIN
| Q4 25 | $-157.1M | $-2.2M | ||
| Q3 25 | $255.6M | $-18.7M | ||
| Q2 25 | $15.0M | $26.9M | ||
| Q1 25 | $-20.5M | $-5.5M | ||
| Q4 24 | — | $16.3M | ||
| Q3 24 | $118.4M | $14.5M | ||
| Q2 24 | $-62.3M | $15.5M | ||
| Q1 24 | $-59.8M | $-580.0K |
自由现金流率FORIIIN
| Q4 25 | -57.5% | -1.4% | ||
| Q3 25 | 38.1% | -10.6% | ||
| Q2 25 | 3.8% | 15.0% | ||
| Q1 25 | -5.8% | -3.5% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | 21.5% | 10.8% | ||
| Q2 24 | -19.6% | 10.7% | ||
| Q1 24 | -17.9% | -0.5% |
资本支出强度FORIIIN
| Q4 25 | 0.0% | 0.9% | ||
| Q3 25 | 0.1% | 1.0% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.2% | 1.4% | ||
| Q4 24 | 0.0% | 2.1% | ||
| Q3 24 | 0.1% | 1.3% | ||
| Q2 24 | 0.2% | 2.2% | ||
| Q1 24 | 0.2% | 1.5% |
现金转化率FORIIIN
| Q4 25 | -10.19× | -0.09× | ||
| Q3 25 | 2.95× | -1.17× | ||
| Q2 25 | 0.48× | 1.88× | ||
| Q1 25 | -0.63× | -0.32× | ||
| Q4 24 | -27.27× | 17.56× | ||
| Q3 24 | 1.46× | 3.48× | ||
| Q2 24 | -1.59× | 2.86× | ||
| Q1 24 | -1.32× | 0.20× |
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% |
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
