vs
Forestar Group Inc.（FOR）与Liberty Broadband Corp（LBRDA）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Liberty Broadband Corp的1.0倍（$273.0M vs $261.0M），Liberty Broadband Corp净利率更高（146.7% vs 5.6%，领先141.1%），Forestar Group Inc.同比增速更快（9.0% vs 6.1%），Liberty Broadband Corp自由现金流更多（$37.0M vs $-157.1M），过去两年Liberty Broadband Corp的营收复合增速更高（4.3% 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。
本公司是一家覆盖英、荷、美三地的跨国电信企业，注册地为百慕大，在伦敦、阿姆斯特丹、丹佛设有总部，旗下拥有多家对应司法辖区的运营主体，其中英国主体为公开上市实体，2005年由自由媒体国际业务板块与UnitedGlobalCom合并成立。
FOR vs LBRDA — 直观对比
营收规模更大
FOR
是对方的1.0倍
$261.0M
营收增速更快
FOR
高出2.9%
6.1%
净利率更高
LBRDA
高出141.1%
5.6%
自由现金流更多
LBRDA
多$194.1M
$-157.1M
两年增速更快
LBRDA
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q2 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $261.0M |
| 净利润 | $15.4M | $383.0M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 15.7% |
| 净利率 | 5.6% | 146.7% |
| 营收同比 | 9.0% | 6.1% |
| 净利润同比 | -6.7% | 96.4% |
| 每股收益（稀释后） | $0.30 | $2.68 |
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FORLBRDA
| Q4 25 | $273.0M | — | ||
| Q3 25 | $670.5M | — | ||
| Q2 25 | $390.5M | $261.0M | ||
| Q1 25 | $351.0M | $266.0M | ||
| Q4 24 | $250.4M | $263.0M | ||
| Q3 24 | $551.3M | $262.0M | ||
| Q2 24 | $318.4M | $246.0M | ||
| Q1 24 | $333.8M | $245.0M |
净利润FORLBRDA
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | — | ||
| Q2 25 | $32.9M | $383.0M | ||
| Q1 25 | $31.6M | $268.0M | ||
| Q4 24 | $16.5M | $291.0M | ||
| Q3 24 | $81.5M | $142.0M | ||
| Q2 24 | $38.7M | $195.0M | ||
| Q1 24 | $45.0M | $241.0M |
毛利率FORLBRDA
| 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% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FORLBRDA
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 11.2% | 15.7% | ||
| Q1 25 | 11.6% | 16.2% | ||
| Q4 24 | 8.7% | 4.9% | ||
| Q3 24 | 19.7% | 11.5% | ||
| Q2 24 | 16.2% | 8.5% | ||
| Q1 24 | 17.6% | 11.4% |
净利率FORLBRDA
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | — | ||
| Q2 25 | 8.4% | 146.7% | ||
| Q1 25 | 9.0% | 100.8% | ||
| Q4 24 | 6.6% | 110.6% | ||
| Q3 24 | 14.8% | 54.2% | ||
| Q2 24 | 12.2% | 79.3% | ||
| Q1 24 | 13.5% | 98.4% |
每股收益（稀释后）FORLBRDA
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $0.65 | $2.68 | ||
| Q1 25 | $0.62 | $1.87 | ||
| Q4 24 | $0.32 | $2.04 | ||
| Q3 24 | $1.59 | $0.99 | ||
| Q2 24 | $0.76 | $1.36 | ||
| Q1 24 | $0.89 | $1.69 |
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 | $180.0M |
| 总债务越低越好 | $793.2M | $3.1B |
| 股东权益账面价值 | $1.8B | $10.4B |
| 总资产 | $3.2B | $16.6B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FORLBRDA
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | $180.0M | ||
| Q1 25 | $174.3M | $226.0M | ||
| Q4 24 | $132.0M | $163.0M | ||
| Q3 24 | $481.2M | $168.0M | ||
| Q2 24 | $359.2M | $73.0M | ||
| Q1 24 | $416.2M | $108.0M |
总债务FORLBRDA
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | $3.1B | ||
| Q1 25 | $872.5M | $3.8B | ||
| Q4 24 | $806.8M | $3.8B | ||
| Q3 24 | $706.4M | $3.7B | ||
| Q2 24 | $706.1M | $3.6B | ||
| Q1 24 | $705.7M | $3.6B |
股东权益FORLBRDA
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.7B | $10.4B | ||
| Q1 25 | $1.6B | $10.1B | ||
| Q4 24 | $1.6B | $9.8B | ||
| Q3 24 | $1.6B | $9.5B | ||
| Q2 24 | $1.5B | $9.3B | ||
| Q1 24 | $1.5B | $9.1B |
总资产FORLBRDA
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | — | ||
| Q2 25 | $3.1B | $16.6B | ||
| Q1 25 | $3.0B | $17.0B | ||
| Q4 24 | $3.0B | $16.7B | ||
| Q3 24 | $2.8B | $16.3B | ||
| Q2 24 | $2.7B | $16.0B | ||
| Q1 24 | $2.6B | $15.7B |
负债/权益比FORLBRDA
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | 0.30× | ||
| Q1 25 | 0.53× | 0.38× | ||
| Q4 24 | 0.50× | 0.38× | ||
| Q3 24 | 0.44× | 0.39× | ||
| Q2 24 | 0.47× | 0.39× | ||
| Q1 24 | 0.48× | 0.40× |
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 | $91.0M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $37.0M |
| 自由现金流率自由现金流/营收 | -57.5% | 14.2% |
| 资本支出强度资本支出/营收 | 0.0% | 20.7% |
| 现金转化率经营现金流/净利润 | -10.19× | 0.24× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $-49.0M |
8季度趋势，按日历期对齐
经营现金流FORLBRDA
| Q4 25 | $-157.0M | — | ||
| Q3 25 | $256.3M | — | ||
| Q2 25 | $15.8M | $91.0M | ||
| Q1 25 | $-19.8M | $78.0M | ||
| Q4 24 | $-450.0M | $1.0M | ||
| Q3 24 | $119.2M | $24.0M | ||
| Q2 24 | $-61.7M | $27.0M | ||
| Q1 24 | $-59.2M | $52.0M |
自由现金流FORLBRDA
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | $37.0M | ||
| Q1 25 | $-20.5M | $13.0M | ||
| Q4 24 | — | $-63.0M | ||
| Q3 24 | $118.4M | $-36.0M | ||
| Q2 24 | $-62.3M | $-35.0M | ||
| Q1 24 | $-59.8M | $-9.0M |
自由现金流率FORLBRDA
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | 14.2% | ||
| Q1 25 | -5.8% | 4.9% | ||
| Q4 24 | — | -24.0% | ||
| Q3 24 | 21.5% | -13.7% | ||
| Q2 24 | -19.6% | -14.2% | ||
| Q1 24 | -17.9% | -3.7% |
资本支出强度FORLBRDA
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | 20.7% | ||
| Q1 25 | 0.2% | 24.4% | ||
| Q4 24 | 0.0% | 24.3% | ||
| Q3 24 | 0.1% | 22.9% | ||
| Q2 24 | 0.2% | 25.2% | ||
| Q1 24 | 0.2% | 24.9% |
现金转化率FORLBRDA
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 0.24× | ||
| Q1 25 | -0.63× | 0.29× | ||
| Q4 24 | -27.27× | 0.00× | ||
| Q3 24 | 1.46× | 0.17× | ||
| Q2 24 | -1.59× | 0.14× | ||
| Q1 24 | -1.32× | 0.22× |
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% |
LBRDA
暂无分部数据
