vs
Forestar Group Inc.（FOR）与INNOSPEC INC.（IOSP）财务数据对比。点击上方公司名可切换其他公司
INNOSPEC INC.的季度营收约是Forestar Group Inc.的1.7倍（$455.6M vs $273.0M），INNOSPEC INC.净利率更高（10.4% vs 5.6%，领先4.8%），Forestar Group Inc.同比增速更快（9.0% vs -2.4%），INNOSPEC INC.自由现金流更多（$46.8M vs $-157.1M），过去两年INNOSPEC INC.的营收复合增速更高（-4.6% 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。
Innospec Inc.是一家美国特种化学品企业，前身为奥克泰尔公司及联合奥克泰尔有限公司，旗下设有三大业务板块：高性能化学品业务覆盖个人护理、家居护理、农化、采矿及工业市场；燃料特种化学品业务专注于生产和供应燃油添加剂；油田服务业务则提供钻井、完井及采油相关化学品。
FOR vs IOSP — 直观对比
营收规模更大
IOSP
是对方的1.7倍
$273.0M
营收增速更快
FOR
高出11.4%
-2.4%
净利率更高
IOSP
高出4.8%
5.6%
自由现金流更多
IOSP
多$203.9M
$-157.1M
两年增速更快
IOSP
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $455.6M |
| 净利润 | $15.4M | $47.4M |
| 毛利率 | 20.1% | 28.0% |
| 营业利润率 | 7.6% | 10.3% |
| 净利率 | 5.6% | 10.4% |
| 营收同比 | 9.0% | -2.4% |
| 净利润同比 | -6.7% | 167.3% |
| 每股收益（稀释后） | $0.30 | $1.90 |
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FORIOSP
| Q4 25 | $273.0M | $455.6M | ||
| Q3 25 | $670.5M | $441.9M | ||
| Q2 25 | $390.5M | $439.7M | ||
| Q1 25 | $351.0M | $440.8M | ||
| Q4 24 | $250.4M | $466.8M | ||
| Q3 24 | $551.3M | $443.4M | ||
| Q2 24 | $318.4M | $435.0M | ||
| Q1 24 | $333.8M | $500.2M |
净利润FORIOSP
| Q4 25 | $15.4M | $47.4M | ||
| Q3 25 | $86.9M | $12.9M | ||
| Q2 25 | $32.9M | $23.5M | ||
| Q1 25 | $31.6M | $32.8M | ||
| Q4 24 | $16.5M | $-70.4M | ||
| Q3 24 | $81.5M | $33.4M | ||
| Q2 24 | $38.7M | $31.2M | ||
| Q1 24 | $45.0M | $41.4M |
毛利率FORIOSP
| Q4 25 | 20.1% | 28.0% | ||
| Q3 25 | 22.3% | 26.4% | ||
| Q2 25 | 20.4% | 28.0% | ||
| Q1 25 | 22.6% | 28.4% | ||
| Q4 24 | 22.0% | 29.2% | ||
| Q3 24 | 23.9% | 28.0% | ||
| Q2 24 | 22.5% | 29.2% | ||
| Q1 24 | 24.9% | 31.1% |
营业利润率FORIOSP
| Q4 25 | 7.6% | 10.3% | ||
| Q3 25 | 16.9% | 1.3% | ||
| Q2 25 | 11.2% | 7.8% | ||
| Q1 25 | 11.6% | 9.6% | ||
| Q4 24 | 8.7% | 8.8% | ||
| Q3 24 | 19.7% | 10.3% | ||
| Q2 24 | 16.2% | 9.4% | ||
| Q1 24 | 17.6% | 10.1% |
净利率FORIOSP
| Q4 25 | 5.6% | 10.4% | ||
| Q3 25 | 13.0% | 2.9% | ||
| Q2 25 | 8.4% | 5.3% | ||
| Q1 25 | 9.0% | 7.4% | ||
| Q4 24 | 6.6% | -15.1% | ||
| Q3 24 | 14.8% | 7.5% | ||
| Q2 24 | 12.2% | 7.2% | ||
| Q1 24 | 13.5% | 8.3% |
每股收益（稀释后）FORIOSP
| Q4 25 | $0.30 | $1.90 | ||
| Q3 25 | $1.70 | $0.52 | ||
| Q2 25 | $0.65 | $0.94 | ||
| Q1 25 | $0.62 | $1.31 | ||
| Q4 24 | $0.32 | $-2.80 | ||
| Q3 24 | $1.59 | $1.33 | ||
| Q2 24 | $0.76 | $1.24 | ||
| Q1 24 | $0.89 | $1.65 |
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 | $292.5M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $1.3B |
| 总资产 | $3.2B | $1.8B |
| 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FORIOSP
| Q4 25 | $211.7M | $292.5M | ||
| Q3 25 | $379.2M | $270.8M | ||
| Q2 25 | $189.2M | $266.6M | ||
| Q1 25 | $174.3M | $299.8M | ||
| Q4 24 | $132.0M | $289.2M | ||
| Q3 24 | $481.2M | $303.8M | ||
| Q2 24 | $359.2M | $240.2M | ||
| Q1 24 | $416.2M | $270.1M |
总债务FORIOSP
| 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FORIOSP
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.5B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
总资产FORIOSP
| Q4 25 | $3.2B | $1.8B | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $3.0B | $1.8B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $2.8B | $1.8B | ||
| Q2 24 | $2.7B | $1.7B | ||
| Q1 24 | $2.6B | $1.7B |
负债/权益比FORIOSP
| 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 | $61.4M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $46.8M |
| 自由现金流率自由现金流/营收 | -57.5% | 10.3% |
| 资本支出强度资本支出/营收 | 0.0% | 3.2% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.30× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $88.0M |
8季度趋势，按日历期对齐
经营现金流FORIOSP
| Q4 25 | $-157.0M | $61.4M | ||
| Q3 25 | $256.3M | $39.3M | ||
| Q2 25 | $15.8M | $9.3M | ||
| Q1 25 | $-19.8M | $28.3M | ||
| Q4 24 | $-450.0M | $25.7M | ||
| Q3 24 | $119.2M | $73.5M | ||
| Q2 24 | $-61.7M | $4.7M | ||
| Q1 24 | $-59.2M | $80.6M |
自由现金流FORIOSP
| Q4 25 | $-157.1M | $46.8M | ||
| Q3 25 | $255.6M | $25.0M | ||
| Q2 25 | $15.0M | $-3.7M | ||
| Q1 25 | $-20.5M | $19.9M | ||
| Q4 24 | — | $13.6M | ||
| Q3 24 | $118.4M | $65.8M | ||
| Q2 24 | $-62.3M | $-6.2M | ||
| Q1 24 | $-59.8M | $69.9M |
自由现金流率FORIOSP
| Q4 25 | -57.5% | 10.3% | ||
| Q3 25 | 38.1% | 5.7% | ||
| Q2 25 | 3.8% | -0.8% | ||
| Q1 25 | -5.8% | 4.5% | ||
| Q4 24 | — | 2.9% | ||
| Q3 24 | 21.5% | 14.8% | ||
| Q2 24 | -19.6% | -1.4% | ||
| Q1 24 | -17.9% | 14.0% |
资本支出强度FORIOSP
| Q4 25 | 0.0% | 3.2% | ||
| Q3 25 | 0.1% | 3.2% | ||
| Q2 25 | 0.2% | 3.0% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | 0.0% | 2.6% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 0.2% | 2.1% |
现金转化率FORIOSP
| Q4 25 | -10.19× | 1.30× | ||
| Q3 25 | 2.95× | 3.05× | ||
| Q2 25 | 0.48× | 0.40× | ||
| Q1 25 | -0.63× | 0.86× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 2.20× | ||
| Q2 24 | -1.59× | 0.15× | ||
| Q1 24 | -1.32× | 1.95× |
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% |
IOSP
| Refinery And Performance | $147.0M | 32% |
| Personal Care | $99.7M | 22% |
| Oilfield Services | $93.1M | 20% |
| Other Fuel Specialties | $47.1M | 10% |
| Other Performance Chemicals | $40.0M | 9% |
| Home Care | $28.7M | 6% |
