vs
Forestar Group Inc.（FOR）与牛津地产（IIPR）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是牛津地产的4.1倍（$273.0M vs $66.7M），牛津地产净利率更高（47.8% vs 5.6%，领先42.1%），Forestar Group Inc.同比增速更快（9.0% vs -13.1%），过去两年牛津地产的营收复合增速更高（-6.0% 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。
牛津地产是一家加拿大跨国企业，业务涵盖房地产投资、开发与物业管理。其投资组合包含写字楼、零售、工业、多户住宅、生命科学及酒店类资产。该公司1960年以私营企业形式创立，自2003年起成为安大略省市政雇员退休系统（OMERS）的全资子公司，总部设于多伦多，在纽约、伦敦、澳大利亚、新加坡及卢森堡均设有区域总部。
FOR vs IIPR — 直观对比
营收规模更大
FOR
是对方的4.1倍
$66.7M
营收增速更快
FOR
高出22.2%
-13.1%
净利率更高
IIPR
高出42.1%
5.6%
两年增速更快
IIPR
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $66.7M |
| 净利润 | $15.4M | $31.8M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 47.8% |
| 净利率 | 5.6% | 47.8% |
| 营收同比 | 9.0% | -13.1% |
| 净利润同比 | -6.7% | -20.4% |
| 每股收益（稀释后） | $0.30 | $1.07 |
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FORIIPR
| Q4 25 | $273.0M | $66.7M | ||
| Q3 25 | $670.5M | $64.7M | ||
| Q2 25 | $390.5M | $62.9M | ||
| Q1 25 | $351.0M | $71.7M | ||
| Q4 24 | $250.4M | $76.7M | ||
| Q3 24 | $551.3M | $76.5M | ||
| Q2 24 | $318.4M | $79.8M | ||
| Q1 24 | $333.8M | $75.5M |
净利润FORIIPR
| Q4 25 | $15.4M | $31.8M | ||
| Q3 25 | $86.9M | $29.3M | ||
| Q2 25 | $32.9M | $26.0M | ||
| Q1 25 | $31.6M | $31.1M | ||
| Q4 24 | $16.5M | $40.0M | ||
| Q3 24 | $81.5M | $40.2M | ||
| Q2 24 | $38.7M | $42.0M | ||
| Q1 24 | $45.0M | $39.4M |
毛利率FORIIPR
| 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FORIIPR
| Q4 25 | 7.6% | 47.8% | ||
| Q3 25 | 16.9% | 45.5% | ||
| Q2 25 | 11.2% | 45.9% | ||
| Q1 25 | 11.6% | 47.4% | ||
| Q4 24 | 8.7% | 54.7% | ||
| Q3 24 | 19.7% | 54.8% | ||
| Q2 24 | 16.2% | 53.1% | ||
| Q1 24 | 17.6% | 55.7% |
净利率FORIIPR
| Q4 25 | 5.6% | 47.8% | ||
| Q3 25 | 13.0% | 45.3% | ||
| Q2 25 | 8.4% | 41.4% | ||
| Q1 25 | 9.0% | 43.3% | ||
| Q4 24 | 6.6% | 52.2% | ||
| Q3 24 | 14.8% | 52.6% | ||
| Q2 24 | 12.2% | 52.6% | ||
| Q1 24 | 13.5% | 52.3% |
每股收益（稀释后）FORIIPR
| Q4 25 | $0.30 | $1.07 | ||
| Q3 25 | $1.70 | $0.97 | ||
| Q2 25 | $0.65 | $0.86 | ||
| Q1 25 | $0.62 | $1.03 | ||
| Q4 24 | $0.32 | $1.35 | ||
| Q3 24 | $1.59 | $1.37 | ||
| Q2 24 | $0.76 | $1.44 | ||
| Q1 24 | $0.89 | $1.36 |
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 | $47.6M |
| 总债务越低越好 | $793.2M | $393.7M |
| 股东权益账面价值 | $1.8B | $1.8B |
| 总资产 | $3.2B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.21× |
8季度趋势，按日历期对齐
现金及短期投资FORIIPR
| Q4 25 | $211.7M | $47.6M | ||
| Q3 25 | $379.2M | $41.9M | ||
| Q2 25 | $189.2M | $104.9M | ||
| Q1 25 | $174.3M | $133.3M | ||
| Q4 24 | $132.0M | $151.2M | ||
| Q3 24 | $481.2M | $172.4M | ||
| Q2 24 | $359.2M | $160.9M | ||
| Q1 24 | $416.2M | $173.5M |
总债务FORIIPR
| Q4 25 | $793.2M | $393.7M | ||
| 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FORIIPR
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.7B | $1.9B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $1.9B | ||
| Q3 24 | $1.6B | $1.9B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.5B | $2.0B |
总资产FORIIPR
| Q4 25 | $3.2B | $2.4B | ||
| Q3 25 | $3.1B | $2.3B | ||
| Q2 25 | $3.1B | $2.3B | ||
| Q1 25 | $3.0B | $2.4B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $2.8B | $2.4B | ||
| Q2 24 | $2.7B | $2.4B | ||
| Q1 24 | $2.6B | $2.4B |
负债/权益比FORIIPR
| Q4 25 | 0.44× | 0.21× | ||
| 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 | $198.2M |
| 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× | 6.22× |
| 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FORIIPR
| Q4 25 | $-157.0M | $198.2M | ||
| Q3 25 | $256.3M | $45.6M | ||
| Q2 25 | $15.8M | $48.4M | ||
| Q1 25 | $-19.8M | $54.2M | ||
| Q4 24 | $-450.0M | $258.4M | ||
| Q3 24 | $119.2M | $64.9M | ||
| Q2 24 | $-61.7M | $64.2M | ||
| Q1 24 | $-59.2M | $71.6M |
自由现金流FORIIPR
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流率FORIIPR
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
资本支出强度FORIIPR
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FORIIPR
| Q4 25 | -10.19× | 6.22× | ||
| Q3 25 | 2.95× | 1.56× | ||
| Q2 25 | 0.48× | 1.86× | ||
| Q1 25 | -0.63× | 1.75× | ||
| Q4 24 | -27.27× | 6.46× | ||
| Q3 24 | 1.46× | 1.61× | ||
| Q2 24 | -1.59× | 1.53× | ||
| Q1 24 | -1.32× | 1.82× |
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% |
IIPR
暂无分部数据
