vs
Forestar Group Inc.（FOR）与loanDepot, Inc.（LDI）财务数据对比。点击上方公司名可切换其他公司
loanDepot, Inc.的季度营收约是Forestar Group Inc.的1.1倍（$310.3M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -7.2%，领先12.9%），loanDepot, Inc.同比增速更快（20.5% vs 9.0%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-648.0M），过去两年loanDepot, Inc.的营收复合增速更高（18.0% 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。
loanDepot, Inc.是一家总部位于美国加利福尼亚州欧文市的非银行控股公司，主营抵押贷款及其他非抵押类贷款产品的销售业务，是美国市场上颇具规模的消费信贷服务提供商。
FOR vs LDI — 直观对比
营收规模更大
LDI
是对方的1.1倍
$273.0M
营收增速更快
LDI
高出11.5%
9.0%
净利率更高
FOR
高出12.9%
-7.2%
自由现金流更多
FOR
多$490.9M
$-648.0M
两年增速更快
LDI
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $310.3M |
| 净利润 | $15.4M | $-22.5M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | -10.3% |
| 净利率 | 5.6% | -7.2% |
| 营收同比 | 9.0% | 20.5% |
| 净利润同比 | -6.7% | 32.4% |
| 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FORLDI
| Q4 25 | $273.0M | $310.3M | ||
| Q3 25 | $670.5M | $323.3M | ||
| Q2 25 | $390.5M | $282.5M | ||
| Q1 25 | $351.0M | $273.6M | ||
| Q4 24 | $250.4M | $257.5M | ||
| Q3 24 | $551.3M | $314.6M | ||
| Q2 24 | $318.4M | $265.4M | ||
| Q1 24 | $333.8M | $222.8M |
净利润FORLDI
| Q4 25 | $15.4M | $-22.5M | ||
| Q3 25 | $86.9M | $-4.9M | ||
| Q2 25 | $32.9M | $-13.4M | ||
| Q1 25 | $31.6M | $-21.9M | ||
| Q4 24 | $16.5M | $-33.2M | ||
| Q3 24 | $81.5M | $1.4M | ||
| Q2 24 | $38.7M | $-32.2M | ||
| Q1 24 | $45.0M | $-34.3M |
毛利率FORLDI
| 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FORLDI
| Q4 25 | 7.6% | -10.3% | ||
| Q3 25 | 16.9% | -3.2% | ||
| Q2 25 | 11.2% | -11.4% | ||
| Q1 25 | 11.6% | -16.8% | ||
| Q4 24 | 8.7% | -32.7% | ||
| Q3 24 | 19.7% | 1.1% | ||
| Q2 24 | 16.2% | -29.1% | ||
| Q1 24 | 17.6% | -38.2% |
净利率FORLDI
| Q4 25 | 5.6% | -7.2% | ||
| Q3 25 | 13.0% | -1.5% | ||
| Q2 25 | 8.4% | -4.7% | ||
| Q1 25 | 9.0% | -8.0% | ||
| Q4 24 | 6.6% | -12.9% | ||
| Q3 24 | 14.8% | 0.4% | ||
| Q2 24 | 12.2% | -12.1% | ||
| Q1 24 | 13.5% | -15.4% |
每股收益（稀释后）FORLDI
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.62 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | $0.01 | ||
| Q2 24 | $0.76 | $-0.18 | ||
| Q1 24 | $0.89 | $-0.19 |
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 | $337.2M |
| 总债务越低越好 | $793.2M | $2.1B |
| 股东权益账面价值 | $1.8B | $386.0M |
| 总资产 | $3.2B | $6.9B |
| 负债/权益比越低杠杆越低 | 0.44× | 5.44× |
8季度趋势，按日历期对齐
现金及短期投资FORLDI
| Q4 25 | $211.7M | $337.2M | ||
| Q3 25 | $379.2M | $459.2M | ||
| Q2 25 | $189.2M | $408.6M | ||
| Q1 25 | $174.3M | $371.5M | ||
| Q4 24 | $132.0M | $421.6M | ||
| Q3 24 | $481.2M | $483.0M | ||
| Q2 24 | $359.2M | $533.2M | ||
| Q1 24 | $416.2M | $603.7M |
总债务FORLDI
| Q4 25 | $793.2M | $2.1B | ||
| Q3 25 | $802.7M | $2.1B | ||
| Q2 25 | $872.8M | $2.1B | ||
| Q1 25 | $872.5M | $2.0B | ||
| Q4 24 | $806.8M | $2.0B | ||
| Q3 24 | $706.4M | $2.0B | ||
| Q2 24 | $706.1M | $2.0B | ||
| Q1 24 | $705.7M | $2.3B |
股东权益FORLDI
| Q4 25 | $1.8B | $386.0M | ||
| Q3 25 | $1.8B | $433.3M | ||
| Q2 25 | $1.7B | $439.1M | ||
| Q1 25 | $1.6B | $469.3M | ||
| Q4 24 | $1.6B | $506.6M | ||
| Q3 24 | $1.6B | $592.0M | ||
| Q2 24 | $1.5B | $578.9M | ||
| Q1 24 | $1.5B | $637.3M |
总资产FORLDI
| Q4 25 | $3.2B | $6.9B | ||
| Q3 25 | $3.1B | $6.2B | ||
| Q2 25 | $3.1B | $6.2B | ||
| Q1 25 | $3.0B | $6.4B | ||
| Q4 24 | $3.0B | $6.3B | ||
| Q3 24 | $2.8B | $6.4B | ||
| Q2 24 | $2.7B | $5.9B | ||
| Q1 24 | $2.6B | $6.2B |
负债/权益比FORLDI
| Q4 25 | 0.44× | 5.44× | ||
| Q3 25 | 0.45× | 4.83× | ||
| Q2 25 | 0.52× | 4.70× | ||
| Q1 25 | 0.53× | 4.30× | ||
| Q4 24 | 0.50× | 4.00× | ||
| Q3 24 | 0.44× | 3.31× | ||
| Q2 24 | 0.47× | 3.41× | ||
| Q1 24 | 0.48× | 3.63× |
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 | $-638.7M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-648.0M |
| 自由现金流率自由现金流/营收 | -57.5% | -208.9% |
| 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 | $-734.6M |
8季度趋势，按日历期对齐
经营现金流FORLDI
| Q4 25 | $-157.0M | $-638.7M | ||
| Q3 25 | $256.3M | $43.4M | ||
| Q2 25 | $15.8M | $67.6M | ||
| Q1 25 | $-19.8M | $-179.9M | ||
| Q4 24 | $-450.0M | $47.7M | ||
| Q3 24 | $119.2M | $-349.2M | ||
| Q2 24 | $-61.7M | $-278.3M | ||
| Q1 24 | $-59.2M | $-278.5M |
自由现金流FORLDI
| Q4 25 | $-157.1M | $-648.0M | ||
| Q3 25 | $255.6M | $38.7M | ||
| Q2 25 | $15.0M | $61.4M | ||
| Q1 25 | $-20.5M | $-186.7M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | $118.4M | $-356.4M | ||
| Q2 24 | $-62.3M | $-285.7M | ||
| Q1 24 | $-59.8M | $-283.3M |
自由现金流率FORLDI
| Q4 25 | -57.5% | -208.9% | ||
| Q3 25 | 38.1% | 12.0% | ||
| Q2 25 | 3.8% | 21.7% | ||
| Q1 25 | -5.8% | -68.2% | ||
| Q4 24 | — | 15.8% | ||
| Q3 24 | 21.5% | -113.3% | ||
| Q2 24 | -19.6% | -107.7% | ||
| Q1 24 | -17.9% | -127.2% |
资本支出强度FORLDI
| Q4 25 | 0.0% | 3.0% | ||
| Q3 25 | 0.1% | 1.5% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.2% | 2.5% | ||
| Q4 24 | 0.0% | 2.7% | ||
| Q3 24 | 0.1% | 2.3% | ||
| Q2 24 | 0.2% | 2.8% | ||
| Q1 24 | 0.2% | 2.1% |
现金转化率FORLDI
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | -255.05× | ||
| 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% |
LDI
暂无分部数据
