vs
Forestar Group Inc.（FOR）与铱星通信（IRDM）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是铱星通信的1.2倍（$273.0M vs $219.1M），铱星通信净利率更高（9.9% vs 5.6%，领先4.2%），Forestar Group Inc.同比增速更快（9.0% vs 1.9%），过去两年铱星通信的营收复合增速更高（4.4% 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。
铱星通信是一家总部位于美国弗吉尼亚州麦克莱恩的上市企业，运营着由80颗卫星组成的铱星星座，其中66颗为工作星，14颗为在轨备用星。其卫星网络支持手持卫星电话、卫星通信终端及集成收发设备实现全球范围的语音和数据传输，还可提供双向卫星消息服务，满足全球各场景的通信需求。
FOR vs IRDM — 直观对比
营收规模更大
FOR
是对方的1.2倍
$219.1M
营收增速更快
FOR
高出7.1%
1.9%
净利率更高
IRDM
高出4.2%
5.6%
两年增速更快
IRDM
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $219.1M |
| 净利润 | $15.4M | $21.6M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 23.2% |
| 净利率 | 5.6% | 9.9% |
| 营收同比 | 9.0% | 1.9% |
| 净利润同比 | -6.7% | — |
| 每股收益（稀释后） | $0.30 | — |
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FORIRDM
| Q1 26 | — | $219.1M | ||
| Q4 25 | $273.0M | $212.9M | ||
| Q3 25 | $670.5M | $226.9M | ||
| Q2 25 | $390.5M | $216.9M | ||
| Q1 25 | $351.0M | $214.9M | ||
| Q4 24 | $250.4M | $213.0M | ||
| Q3 24 | $551.3M | $212.8M | ||
| Q2 24 | $318.4M | $201.1M |
净利润FORIRDM
| Q1 26 | — | $21.6M | ||
| Q4 25 | $15.4M | $24.9M | ||
| Q3 25 | $86.9M | $37.1M | ||
| Q2 25 | $32.9M | $22.0M | ||
| Q1 25 | $31.6M | $30.4M | ||
| Q4 24 | $16.5M | $36.3M | ||
| Q3 24 | $81.5M | $24.4M | ||
| Q2 24 | $38.7M | $32.3M |
毛利率FORIRDM
| 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FORIRDM
| Q1 26 | — | 23.2% | ||
| Q4 25 | 7.6% | 25.9% | ||
| Q3 25 | 16.9% | 30.9% | ||
| Q2 25 | 11.2% | 23.2% | ||
| Q1 25 | 11.6% | 28.1% | ||
| Q4 24 | 8.7% | 24.5% | ||
| Q3 24 | 19.7% | 25.8% | ||
| Q2 24 | 16.2% | 21.7% |
净利率FORIRDM
| Q1 26 | — | 9.9% | ||
| Q4 25 | 5.6% | 11.7% | ||
| Q3 25 | 13.0% | 16.4% | ||
| Q2 25 | 8.4% | 10.1% | ||
| Q1 25 | 9.0% | 14.2% | ||
| Q4 24 | 6.6% | 17.1% | ||
| Q3 24 | 14.8% | 11.5% | ||
| Q2 24 | 12.2% | 16.1% |
每股收益（稀释后）FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $0.24 | ||
| Q3 25 | $1.70 | $0.35 | ||
| Q2 25 | $0.65 | $0.20 | ||
| Q1 25 | $0.62 | $0.27 | ||
| Q4 24 | $0.32 | $0.30 | ||
| Q3 24 | $1.59 | $0.21 | ||
| Q2 24 | $0.76 | $0.27 |
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 | — |
| 股东权益账面价值 | $1.8B | — |
| 总资产 | $3.2B | — |
| 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FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | $211.7M | $96.5M | ||
| Q3 25 | $379.2M | $88.5M | ||
| Q2 25 | $189.2M | $79.3M | ||
| Q1 25 | $174.3M | $50.9M | ||
| Q4 24 | $132.0M | $93.5M | ||
| Q3 24 | $481.2M | $159.6M | ||
| Q2 24 | $359.2M | $63.5M |
总债务FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $1.8B | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $1.8B | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — |
股东权益FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $462.6M | ||
| Q3 25 | $1.8B | $450.5M | ||
| Q2 25 | $1.7B | $473.6M | ||
| Q1 25 | $1.6B | $518.4M | ||
| Q4 24 | $1.6B | $576.6M | ||
| Q3 24 | $1.6B | $663.8M | ||
| Q2 24 | $1.5B | $786.7M |
总资产FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | $3.2B | $2.5B | ||
| Q3 25 | $3.1B | $2.6B | ||
| Q2 25 | $3.1B | $2.6B | ||
| Q1 25 | $3.0B | $2.6B | ||
| Q4 24 | $3.0B | $2.7B | ||
| Q3 24 | $2.8B | $2.8B | ||
| Q2 24 | $2.7B | $2.7B |
负债/权益比FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | 3.80× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | 3.05× | ||
| 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% | 13.7% |
| 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FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $108.6M | ||
| Q3 25 | $256.3M | $100.8M | ||
| Q2 25 | $15.8M | $129.6M | ||
| Q1 25 | $-19.8M | $61.1M | ||
| Q4 24 | $-450.0M | $104.8M | ||
| Q3 24 | $119.2M | $118.6M | ||
| Q2 24 | $-61.7M | $81.1M |
自由现金流FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $75.1M | ||
| Q3 25 | $255.6M | $79.2M | ||
| Q2 25 | $15.0M | $108.9M | ||
| Q1 25 | $-20.5M | $36.5M | ||
| Q4 24 | — | $80.5M | ||
| Q3 24 | $118.4M | $100.0M | ||
| Q2 24 | $-62.3M | $68.7M |
自由现金流率FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 35.3% | ||
| Q3 25 | 38.1% | 34.9% | ||
| Q2 25 | 3.8% | 50.2% | ||
| Q1 25 | -5.8% | 17.0% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | 21.5% | 47.0% | ||
| Q2 24 | -19.6% | 34.2% |
资本支出强度FORIRDM
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.0% | 15.7% | ||
| Q3 25 | 0.1% | 9.5% | ||
| Q2 25 | 0.2% | 9.5% | ||
| Q1 25 | 0.2% | 11.4% | ||
| Q4 24 | 0.0% | 11.4% | ||
| Q3 24 | 0.1% | 8.7% | ||
| Q2 24 | 0.2% | 6.2% |
现金转化率FORIRDM
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 4.37× | ||
| Q3 25 | 2.95× | 2.71× | ||
| Q2 25 | 0.48× | 5.90× | ||
| Q1 25 | -0.63× | 2.01× | ||
| Q4 24 | -27.27× | 2.88× | ||
| Q3 24 | 1.46× | 4.85× | ||
| Q2 24 | -1.59× | 2.51× |
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% |
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
