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Forestar Group Inc.（FOR）与Lucid Group, Inc.（LCID）财务数据对比。点击上方公司名可切换其他公司
Lucid Group, Inc.的季度营收约是Forestar Group Inc.的1.9倍（$522.7M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -155.7%，领先161.4%），Lucid Group, Inc.同比增速更快（122.9% vs 9.0%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-1.2B），过去两年Lucid Group, Inc.的营收复合增速更高（74.0% 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。
Lucid Group, Inc.是总部位于美国加利福尼亚州纽瓦克的汽车科技企业，专注于电动汽车制造及先进电动汽车动力系统供应。2021年9月，公司在亚利桑那州卡萨格兰德的工厂开始生产Lucid Air豪华轿车，第二款车型Lucid Gravity SUV于2024年12月投产，同时也为阿斯顿·马丁等其他车企供应和研发动力总成技术。
FOR vs LCID — 直观对比
营收规模更大
LCID
是对方的1.9倍
$273.0M
营收增速更快
LCID
高出113.9%
9.0%
净利率更高
FOR
高出161.4%
-155.7%
自由现金流更多
FOR
多$1.1B
$-1.2B
两年增速更快
LCID
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $522.7M |
| 净利润 | $15.4M | $-814.0M |
| 毛利率 | 20.1% | -80.7% |
| 营业利润率 | 7.6% | -203.7% |
| 净利率 | 5.6% | -155.7% |
| 营收同比 | 9.0% | 122.9% |
| 净利润同比 | -6.7% | -104.9% |
| 每股收益（稀释后） | $0.30 | $-8.26 |
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FORLCID
| Q4 25 | $273.0M | $522.7M | ||
| Q3 25 | $670.5M | $336.6M | ||
| Q2 25 | $390.5M | $259.4M | ||
| Q1 25 | $351.0M | $235.0M | ||
| Q4 24 | $250.4M | $234.5M | ||
| Q3 24 | $551.3M | $200.0M | ||
| Q2 24 | $318.4M | $200.6M | ||
| Q1 24 | $333.8M | $172.7M |
净利润FORLCID
| Q4 25 | $15.4M | $-814.0M | ||
| Q3 25 | $86.9M | $-978.4M | ||
| Q2 25 | $32.9M | $-539.4M | ||
| Q1 25 | $31.6M | $-366.2M | ||
| Q4 24 | $16.5M | $-397.2M | ||
| Q3 24 | $81.5M | $-992.5M | ||
| Q2 24 | $38.7M | $-643.4M | ||
| Q1 24 | $45.0M | $-680.9M |
毛利率FORLCID
| Q4 25 | 20.1% | -80.7% | ||
| Q3 25 | 22.3% | -99.1% | ||
| Q2 25 | 20.4% | -105.0% | ||
| Q1 25 | 22.6% | -97.2% | ||
| Q4 24 | 22.0% | -89.0% | ||
| Q3 24 | 23.9% | -106.2% | ||
| Q2 24 | 22.5% | -134.5% | ||
| Q1 24 | 24.9% | -134.3% |
营业利润率FORLCID
| Q4 25 | 7.6% | -203.7% | ||
| Q3 25 | 16.9% | -279.9% | ||
| Q2 25 | 11.2% | -309.5% | ||
| Q1 25 | 11.6% | -294.4% | ||
| Q4 24 | 8.7% | -312.6% | ||
| Q3 24 | 19.7% | -385.2% | ||
| Q2 24 | 16.2% | -392.6% | ||
| Q1 24 | 17.6% | -422.6% |
净利率FORLCID
| Q4 25 | 5.6% | -155.7% | ||
| Q3 25 | 13.0% | -290.7% | ||
| Q2 25 | 8.4% | -207.9% | ||
| Q1 25 | 9.0% | -155.8% | ||
| Q4 24 | 6.6% | -169.4% | ||
| Q3 24 | 14.8% | -496.1% | ||
| Q2 24 | 12.2% | -320.8% | ||
| Q1 24 | 13.5% | -394.2% |
每股收益（稀释后）FORLCID
| Q4 25 | $0.30 | $-8.26 | ||
| Q3 25 | $1.70 | $-3.31 | ||
| Q2 25 | $0.65 | $-0.28 | ||
| Q1 25 | $0.62 | $-0.24 | ||
| Q4 24 | $0.32 | $-0.20 | ||
| Q3 24 | $1.59 | $-0.41 | ||
| Q2 24 | $0.76 | $-0.34 | ||
| Q1 24 | $0.89 | $-0.30 |
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 | $1.6B |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $717.3M |
| 总资产 | $3.2B | $8.4B |
| 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FORLCID
| Q4 25 | $211.7M | $1.6B | ||
| Q3 25 | $379.2M | $2.3B | ||
| Q2 25 | $189.2M | $2.8B | ||
| Q1 25 | $174.3M | $3.6B | ||
| Q4 24 | $132.0M | $4.0B | ||
| Q3 24 | $481.2M | $3.5B | ||
| Q2 24 | $359.2M | $3.2B | ||
| Q1 24 | $416.2M | $4.0B |
总债务FORLCID
| 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FORLCID
| Q4 25 | $1.8B | $717.3M | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.7B | $2.4B | ||
| Q1 25 | $1.6B | $3.2B | ||
| Q4 24 | $1.6B | $3.9B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $3.5B | ||
| Q1 24 | $1.5B | $4.2B |
总资产FORLCID
| Q4 25 | $3.2B | $8.4B | ||
| Q3 25 | $3.1B | $8.8B | ||
| Q2 25 | $3.1B | $8.9B | ||
| Q1 25 | $3.0B | $9.2B | ||
| Q4 24 | $3.0B | $9.6B | ||
| Q3 24 | $2.8B | $8.5B | ||
| Q2 24 | $2.7B | $8.2B | ||
| Q1 24 | $2.6B | $8.9B |
负债/权益比FORLCID
| 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 | $-916.4M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-1.2B |
| 自由现金流率自由现金流/营收 | -57.5% | -237.6% |
| 资本支出强度资本支出/营收 | 0.0% | 62.3% |
| 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 | $-3.8B |
8季度趋势，按日历期对齐
经营现金流FORLCID
| Q4 25 | $-157.0M | $-916.4M | ||
| Q3 25 | $256.3M | $-756.6M | ||
| Q2 25 | $15.8M | $-830.2M | ||
| Q1 25 | $-19.8M | $-428.6M | ||
| Q4 24 | $-450.0M | $-533.1M | ||
| Q3 24 | $119.2M | $-462.8M | ||
| Q2 24 | $-61.7M | $-507.0M | ||
| Q1 24 | $-59.2M | $-516.7M |
自由现金流FORLCID
| Q4 25 | $-157.1M | $-1.2B | ||
| Q3 25 | $255.6M | $-955.5M | ||
| Q2 25 | $15.0M | $-1.0B | ||
| Q1 25 | $-20.5M | $-589.9M | ||
| Q4 24 | — | $-824.8M | ||
| Q3 24 | $118.4M | $-622.5M | ||
| Q2 24 | $-62.3M | $-741.3M | ||
| Q1 24 | $-59.8M | $-714.9M |
自由现金流率FORLCID
| Q4 25 | -57.5% | -237.6% | ||
| Q3 25 | 38.1% | -283.9% | ||
| Q2 25 | 3.8% | -390.4% | ||
| Q1 25 | -5.8% | -251.0% | ||
| Q4 24 | — | -351.8% | ||
| Q3 24 | 21.5% | -311.2% | ||
| Q2 24 | -19.6% | -369.6% | ||
| Q1 24 | -17.9% | -413.9% |
资本支出强度FORLCID
| Q4 25 | 0.0% | 62.3% | ||
| Q3 25 | 0.1% | 59.1% | ||
| Q2 25 | 0.2% | 70.4% | ||
| Q1 25 | 0.2% | 68.6% | ||
| Q4 24 | 0.0% | 124.4% | ||
| Q3 24 | 0.1% | 79.8% | ||
| Q2 24 | 0.2% | 116.8% | ||
| Q1 24 | 0.2% | 114.7% |
现金转化率FORLCID
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | — |
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% |
LCID
| LCNRV | $287.2M | 55% |
| Other | $80.4M | 15% |
| Related Party | $74.4M | 14% |
| Regulatory Credits | $34.2M | 7% |
| Warranty Provision | $26.2M | 5% |
| Sale And Leaseback Transactions | $15.2M | 3% |
| Other International | $5.0M | 1% |
