vs
Forestar Group Inc.（FOR）与JOHNSON OUTDOORS INC（JOUT）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JOHNSON OUTDOORS INC的1.9倍（$273.0M vs $140.9M），Forestar Group Inc.净利率更高（5.6% vs -2.3%，领先8.0%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs 9.0%），JOHNSON OUTDOORS INC自由现金流更多（$-42.7M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -10.5%）
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。
强生户外公司（Johnson Outdoors）主营水上载具、潜水装备、露营用具、户外服饰等户外休闲用品的研发生产，业务网点遍布全球24个地区，现有员工约1400人，年销售额超3.15亿美元，自1999年起由海伦·约翰逊-莱波尔德执掌公司。
FOR vs JOUT — 直观对比
营收规模更大
FOR
是对方的1.9倍
$140.9M
营收增速更快
JOUT
高出21.9%
9.0%
净利率更高
FOR
高出8.0%
-2.3%
自由现金流更多
JOUT
多$114.4M
$-157.1M
两年增速更快
FOR
近两年复合增速
-10.5%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $140.9M |
| 净利润 | $15.4M | $-3.3M |
| 毛利率 | 20.1% | 36.6% |
| 营业利润率 | 7.6% | -2.1% |
| 净利率 | 5.6% | -2.3% |
| 营收同比 | 9.0% | 30.9% |
| 净利润同比 | -6.7% | 78.4% |
| 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FORJOUT
| Q1 26 | — | $140.9M | ||
| Q4 25 | $273.0M | $135.8M | ||
| Q3 25 | $670.5M | — | ||
| Q2 25 | $390.5M | $180.7M | ||
| Q1 25 | $351.0M | $168.3M | ||
| Q4 24 | $250.4M | $107.6M | ||
| Q3 24 | $551.3M | $105.9M | ||
| Q2 24 | $318.4M | $172.5M |
净利润FORJOUT
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $15.4M | $-29.1M | ||
| Q3 25 | $86.9M | — | ||
| Q2 25 | $32.9M | $7.7M | ||
| Q1 25 | $31.6M | $2.3M | ||
| Q4 24 | $16.5M | $-15.3M | ||
| Q3 24 | $81.5M | $-34.3M | ||
| Q2 24 | $38.7M | $1.6M |
毛利率FORJOUT
| Q1 26 | — | 36.6% | ||
| Q4 25 | 20.1% | 36.2% | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | 37.6% | ||
| Q1 25 | 22.6% | 35.0% | ||
| Q4 24 | 22.0% | 29.9% | ||
| Q3 24 | 23.9% | 23.5% | ||
| Q2 24 | 22.5% | 35.8% |
营业利润率FORJOUT
| Q1 26 | — | -2.1% | ||
| Q4 25 | 7.6% | -6.0% | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 11.2% | 4.1% | ||
| Q1 25 | 11.6% | 2.9% | ||
| Q4 24 | 8.7% | -18.8% | ||
| Q3 24 | 19.7% | -40.4% | ||
| Q2 24 | 16.2% | -0.3% |
净利率FORJOUT
| Q1 26 | — | -2.3% | ||
| Q4 25 | 5.6% | -21.4% | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 8.4% | 4.3% | ||
| Q1 25 | 9.0% | 1.4% | ||
| Q4 24 | 6.6% | -14.2% | ||
| Q3 24 | 14.8% | -32.4% | ||
| Q2 24 | 12.2% | 0.9% |
每股收益（稀释后）FORJOUT
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.62 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $0.76 | — |
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 | $130.7M |
| 总债务越低越好 | $793.2M | $0 |
| 股东权益账面价值 | $1.8B | $413.5M |
| 总资产 | $3.2B | $600.1M |
| 负债/权益比越低杠杆越低 | 0.44× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FORJOUT
| Q1 26 | — | $130.7M | ||
| Q4 25 | $211.7M | $176.4M | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | $161.0M | ||
| Q1 25 | $174.3M | $94.0M | ||
| Q4 24 | $132.0M | $101.6M | ||
| Q3 24 | $481.2M | $162.0M | ||
| Q2 24 | $359.2M | $148.4M |
总债务FORJOUT
| Q1 26 | — | $0 | ||
| Q4 25 | $793.2M | $0 | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | $0 | ||
| Q1 25 | $872.5M | $0 | ||
| Q4 24 | $806.8M | $0 | ||
| Q3 24 | $706.4M | $0 | ||
| Q2 24 | $706.1M | $0 |
股东权益FORJOUT
| Q1 26 | — | $413.5M | ||
| Q4 25 | $1.8B | $418.4M | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.7B | $450.5M | ||
| Q1 25 | $1.6B | $441.1M | ||
| Q4 24 | $1.6B | $440.3M | ||
| Q3 24 | $1.6B | $463.4M | ||
| Q2 24 | $1.5B | $498.7M |
总资产FORJOUT
| Q1 26 | — | $600.1M | ||
| Q4 25 | $3.2B | $604.1M | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | $634.5M | ||
| Q1 25 | $3.0B | $624.5M | ||
| Q4 24 | $3.0B | $612.9M | ||
| Q3 24 | $2.8B | $635.2M | ||
| Q2 24 | $2.7B | $679.8M |
负债/权益比FORJOUT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.44× | 0.00× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | 0.00× | ||
| Q1 25 | 0.53× | 0.00× | ||
| Q4 24 | 0.50× | 0.00× | ||
| Q3 24 | 0.44× | 0.00× | ||
| Q2 24 | 0.47× | 0.00× |
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 | $-38.4M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-42.7M |
| 自由现金流率自由现金流/营收 | -57.5% | -30.3% |
| 资本支出强度资本支出/营收 | 0.0% | 3.0% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流FORJOUT
| Q1 26 | — | $-38.4M | ||
| Q4 25 | $-157.0M | $23.4M | ||
| Q3 25 | $256.3M | — | ||
| Q2 25 | $15.8M | $71.4M | ||
| Q1 25 | $-19.8M | $-1.7M | ||
| Q4 24 | $-450.0M | $-36.9M | ||
| Q3 24 | $119.2M | $19.1M | ||
| Q2 24 | $-61.7M | $73.7M |
自由现金流FORJOUT
| Q1 26 | — | $-42.7M | ||
| Q4 25 | $-157.1M | $19.2M | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | $66.9M | ||
| Q1 25 | $-20.5M | $-5.0M | ||
| Q4 24 | — | $-41.0M | ||
| Q3 24 | $118.4M | $13.5M | ||
| Q2 24 | $-62.3M | $67.4M |
自由现金流率FORJOUT
| Q1 26 | — | -30.3% | ||
| Q4 25 | -57.5% | 14.2% | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | 37.0% | ||
| Q1 25 | -5.8% | -2.9% | ||
| Q4 24 | — | -38.1% | ||
| Q3 24 | 21.5% | 12.8% | ||
| Q2 24 | -19.6% | 39.1% |
资本支出强度FORJOUT
| Q1 26 | — | 3.0% | ||
| Q4 25 | 0.0% | 3.1% | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.2% | 2.0% | ||
| Q4 24 | 0.0% | 3.8% | ||
| Q3 24 | 0.1% | 5.3% | ||
| Q2 24 | 0.2% | 3.6% |
现金转化率FORJOUT
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 9.22× | ||
| Q1 25 | -0.63× | -0.72× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | 45.41× |
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% |
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
