vs
Forestar Group Inc.（FOR）与INDEPENDENCE REALTY TRUST, INC.（IRT）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INDEPENDENCE REALTY TRUST, INC.的1.7倍（$273.0M vs $165.3M），Forestar Group Inc.同比增速更快（9.0% vs 2.5%），过去两年INDEPENDENCE REALTY TRUST, INC.的营收复合增速更高（2.2% 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。
独立房地产信托是一家专注于商业地产领域的不动产投资信托企业，投资布局覆盖费城、华盛顿特区以及得克萨斯州奥斯汀市的优质写字楼资产，为投资者创造稳定的不动产投资回报。
FOR vs IRT — 直观对比
营收规模更大
FOR
是对方的1.7倍
$165.3M
营收增速更快
FOR
高出6.5%
2.5%
两年增速更快
IRT
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $165.3M |
| 净利润 | $15.4M | — |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | — |
| 净利率 | 5.6% | — |
| 营收同比 | 9.0% | 2.5% |
| 净利润同比 | -6.7% | — |
| 每股收益（稀释后） | $0.30 | $0.00 |
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FORIRT
| Q1 26 | — | $165.3M | ||
| Q4 25 | $273.0M | $167.1M | ||
| Q3 25 | $670.5M | $167.1M | ||
| Q2 25 | $390.5M | $162.2M | ||
| Q1 25 | $351.0M | $161.2M | ||
| Q4 24 | $250.4M | $161.0M | ||
| Q3 24 | $551.3M | $160.1M | ||
| Q2 24 | $318.4M | $158.4M |
净利润FORIRT
| Q1 26 | — | — | ||
| Q4 25 | $15.4M | $33.3M | ||
| Q3 25 | $86.9M | $6.9M | ||
| Q2 25 | $32.9M | $8.0M | ||
| Q1 25 | $31.6M | $8.4M | ||
| Q4 24 | $16.5M | $-1.0M | ||
| Q3 24 | $81.5M | $12.4M | ||
| Q2 24 | $38.7M | $10.4M |
毛利率FORIRT
| 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FORIRT
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 16.2% | — |
净利率FORIRT
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | 19.9% | ||
| Q3 25 | 13.0% | 4.1% | ||
| Q2 25 | 8.4% | 5.0% | ||
| Q1 25 | 9.0% | 5.2% | ||
| Q4 24 | 6.6% | -0.6% | ||
| Q3 24 | 14.8% | 7.7% | ||
| Q2 24 | 12.2% | 6.5% |
每股收益（稀释后）FORIRT
| Q1 26 | — | $0.00 | ||
| Q4 25 | $0.30 | $0.14 | ||
| Q3 25 | $1.70 | $0.03 | ||
| Q2 25 | $0.65 | $0.03 | ||
| Q1 25 | $0.62 | $0.04 | ||
| Q4 24 | $0.32 | $-0.01 | ||
| Q3 24 | $1.59 | $0.05 | ||
| Q2 24 | $0.76 | $0.05 |
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 | $23.3M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $3.4B |
| 总资产 | $3.2B | $6.1B |
| 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FORIRT
| Q1 26 | — | $23.3M | ||
| Q4 25 | $211.7M | $23.6M | ||
| Q3 25 | $379.2M | $23.3M | ||
| Q2 25 | $189.2M | $19.5M | ||
| Q1 25 | $174.3M | $29.1M | ||
| Q4 24 | $132.0M | $21.2M | ||
| Q3 24 | $481.2M | $17.6M | ||
| Q2 24 | $359.2M | $21.0M |
总债务FORIRT
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $2.3B | ||
| Q3 25 | $802.7M | $2.3B | ||
| Q2 25 | $872.8M | $2.2B | ||
| Q1 25 | $872.5M | $2.3B | ||
| Q4 24 | $806.8M | $2.3B | ||
| Q3 24 | $706.4M | $2.3B | ||
| Q2 24 | $706.1M | $2.3B |
股东权益FORIRT
| Q1 26 | — | $3.4B | ||
| Q4 25 | $1.8B | $3.5B | ||
| Q3 25 | $1.8B | $3.5B | ||
| Q2 25 | $1.7B | $3.4B | ||
| Q1 25 | $1.6B | $3.5B | ||
| Q4 24 | $1.6B | $3.4B | ||
| Q3 24 | $1.6B | $3.4B | ||
| Q2 24 | $1.5B | $3.4B |
总资产FORIRT
| Q1 26 | — | $6.1B | ||
| Q4 25 | $3.2B | $6.0B | ||
| Q3 25 | $3.1B | $6.1B | ||
| Q2 25 | $3.1B | $6.0B | ||
| Q1 25 | $3.0B | $6.0B | ||
| Q4 24 | $3.0B | $6.1B | ||
| Q3 24 | $2.8B | $5.9B | ||
| Q2 24 | $2.7B | $5.9B |
负债/权益比FORIRT
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | 0.66× | ||
| Q3 25 | 0.45× | 0.66× | ||
| Q2 25 | 0.52× | 0.66× | ||
| Q1 25 | 0.53× | 0.65× | ||
| Q4 24 | 0.50× | 0.68× | ||
| Q3 24 | 0.44× | 0.68× | ||
| Q2 24 | 0.47× | 0.66× |
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% | — |
| 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FORIRT
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $282.1M | ||
| Q3 25 | $256.3M | $79.3M | ||
| Q2 25 | $15.8M | $82.2M | ||
| Q1 25 | $-19.8M | $60.4M | ||
| Q4 24 | $-450.0M | $259.8M | ||
| Q3 24 | $119.2M | $69.2M | ||
| Q2 24 | $-61.7M | $83.0M |
自由现金流FORIRT
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率FORIRT
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度FORIRT
| Q1 26 | — | — | ||
| 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% | — |
现金转化率FORIRT
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 8.48× | ||
| Q3 25 | 2.95× | 11.51× | ||
| Q2 25 | 0.48× | 10.22× | ||
| Q1 25 | -0.63× | 7.23× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 5.60× | ||
| Q2 24 | -1.59× | 8.02× |
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% |
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
