vs
Forestar Group Inc.（FOR）与IREN Ltd（IREN）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IREN Ltd的1.5倍（$273.0M vs $184.7M），Forestar Group Inc.净利率更高（5.6% vs -84.1%，领先89.8%），IREN Ltd同比增速更快（59.0% vs 9.0%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-468.0M）
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。
IREN Ltd是一家垂直整合的数据中心企业，依托可再生能源为比特币、人工智能等前沿领域发展提供算力支撑，旗下设施策略性布局于美国及加拿大境内可再生能源丰富、光纤网络完善的区域。
FOR vs IREN — 直观对比
营收规模更大
FOR
是对方的1.5倍
$184.7M
营收增速更快
IREN
高出50.0%
9.0%
净利率更高
FOR
高出89.8%
-84.1%
自由现金流更多
FOR
多$310.9M
$-468.0M
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $184.7M |
| 净利润 | $15.4M | $-155.4M |
| 毛利率 | 20.1% | 64.4% |
| 营业利润率 | 7.6% | -63.0% |
| 净利率 | 5.6% | -84.1% |
| 营收同比 | 9.0% | 59.0% |
| 净利润同比 | -6.7% | -610.0% |
| 每股收益（稀释后） | $0.30 | $-0.52 |
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FORIREN
| Q4 25 | $273.0M | $184.7M | ||
| Q3 25 | $670.5M | $240.3M | ||
| Q2 25 | $390.5M | — | ||
| Q1 25 | $351.0M | — | ||
| Q4 24 | $250.4M | $116.1M | ||
| Q3 24 | $551.3M | $52.8M | ||
| Q2 24 | $318.4M | — | ||
| Q1 24 | $333.8M | $54.3M |
净利润FORIREN
| Q4 25 | $15.4M | $-155.4M | ||
| Q3 25 | $86.9M | $384.6M | ||
| Q2 25 | $32.9M | — | ||
| Q1 25 | $31.6M | — | ||
| Q4 24 | $16.5M | $-21.9M | ||
| Q3 24 | $81.5M | $-51.7M | ||
| Q2 24 | $38.7M | — | ||
| Q1 24 | $45.0M | $8.6M |
毛利率FORIREN
| Q4 25 | 20.1% | 64.4% | ||
| Q3 25 | 22.3% | 66.4% | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | 72.2% | ||
| Q3 24 | 23.9% | 39.6% | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FORIREN
| Q4 25 | 7.6% | -63.0% | ||
| Q3 25 | 16.9% | -31.8% | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 8.7% | 14.9% | ||
| Q3 24 | 19.7% | -89.2% | ||
| Q2 24 | 16.2% | — | ||
| Q1 24 | 17.6% | 11.1% |
净利率FORIREN
| Q4 25 | 5.6% | -84.1% | ||
| Q3 25 | 13.0% | 160.1% | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 9.0% | — | ||
| Q4 24 | 6.6% | -18.8% | ||
| Q3 24 | 14.8% | -98.0% | ||
| Q2 24 | 12.2% | — | ||
| Q1 24 | 13.5% | 15.9% |
每股收益（稀释后）FORIREN
| Q4 25 | $0.30 | $-0.52 | ||
| Q3 25 | $1.70 | $1.08 | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.62 | — | ||
| Q4 24 | $0.32 | $-0.10 | ||
| Q3 24 | $1.59 | $-0.27 | ||
| Q2 24 | $0.76 | — | ||
| Q1 24 | $0.89 | $0.00 |
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 | $3.3B |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $2.5B |
| 总资产 | $3.2B | $7.0B |
| 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FORIREN
| Q4 25 | $211.7M | $3.3B | ||
| Q3 25 | $379.2M | $1.0B | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $174.3M | — | ||
| Q4 24 | $132.0M | $427.3M | ||
| Q3 24 | $481.2M | $98.6M | ||
| Q2 24 | $359.2M | — | ||
| Q1 24 | $416.2M | $259.7M |
总债务FORIREN
| 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FORIREN
| Q4 25 | $1.8B | $2.5B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | — | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | $677.2M |
总资产FORIREN
| Q4 25 | $3.2B | $7.0B | ||
| Q3 25 | $3.1B | $4.3B | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | — | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $2.8B | $1.3B | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.6B | $723.6M |
负债/权益比FORIREN
| 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 | $71.7M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-468.0M |
| 自由现金流率自由现金流/营收 | -57.5% | -253.4% |
| 资本支出强度资本支出/营收 | 0.0% | 292.2% |
| 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 | $-701.2M |
8季度趋势，按日历期对齐
经营现金流FORIREN
| Q4 25 | $-157.0M | $71.7M | ||
| Q3 25 | $256.3M | $142.4M | ||
| Q2 25 | $15.8M | — | ||
| Q1 25 | $-19.8M | — | ||
| Q4 24 | $-450.0M | $53.6M | ||
| Q3 24 | $119.2M | $-3.9M | ||
| Q2 24 | $-61.7M | — | ||
| Q1 24 | $-59.2M | $-27.1M |
自由现金流FORIREN
| Q4 25 | $-157.1M | $-468.0M | ||
| Q3 25 | $255.6M | $-38.0M | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | $-85.5M | ||
| Q3 24 | $118.4M | $-109.7M | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | $-108.3M |
自由现金流率FORIREN
| Q4 25 | -57.5% | -253.4% | ||
| Q3 25 | 38.1% | -15.8% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | -73.6% | ||
| Q3 24 | 21.5% | -208.0% | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | -199.4% |
资本支出强度FORIREN
| Q4 25 | 0.0% | 292.2% | ||
| Q3 25 | 0.1% | 75.0% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | 119.7% | ||
| Q3 24 | 0.1% | 200.6% | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | 149.5% |
现金转化率FORIREN
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 0.37× | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | -3.13× |
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% |
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
