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Forestar Group Inc.（FOR）与Limbach Holdings, Inc.（LMB）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Limbach Holdings, Inc.的1.5倍（$273.0M vs $186.9M），Limbach Holdings, Inc.净利率更高（6.6% vs 5.6%，领先0.9%），Limbach Holdings, Inc.同比增速更快（30.1% vs 9.0%），Limbach Holdings, Inc.自由现金流更多（$27.9M vs $-157.1M），过去两年Limbach Holdings, Inc.的营收复合增速更高（25.3% 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。
林巴赫航空发动机是一家由中资控股、总部位于德国的企业，主营航空发动机的研发与制造业务，在航空动力装备领域拥有成熟的生产技术与行业经验。
FOR vs LMB — 直观对比
营收规模更大
FOR
是对方的1.5倍
$186.9M
营收增速更快
LMB
高出21.1%
9.0%
净利率更高
LMB
高出0.9%
5.6%
自由现金流更多
LMB
多$185.0M
$-157.1M
两年增速更快
LMB
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $186.9M |
| 净利润 | $15.4M | $12.3M |
| 毛利率 | 20.1% | 25.7% |
| 营业利润率 | 7.6% | 9.4% |
| 净利率 | 5.6% | 6.6% |
| 营收同比 | 9.0% | 30.1% |
| 净利润同比 | -6.7% | 25.0% |
| 每股收益（稀释后） | $0.30 | $1.01 |
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FORLMB
| Q4 25 | $273.0M | $186.9M | ||
| Q3 25 | $670.5M | $184.6M | ||
| Q2 25 | $390.5M | $142.2M | ||
| Q1 25 | $351.0M | $133.1M | ||
| Q4 24 | $250.4M | $143.7M | ||
| Q3 24 | $551.3M | $133.9M | ||
| Q2 24 | $318.4M | $122.2M | ||
| Q1 24 | $333.8M | $119.0M |
净利润FORLMB
| Q4 25 | $15.4M | $12.3M | ||
| Q3 25 | $86.9M | $8.8M | ||
| Q2 25 | $32.9M | $7.8M | ||
| Q1 25 | $31.6M | $10.2M | ||
| Q4 24 | $16.5M | $9.8M | ||
| Q3 24 | $81.5M | $7.5M | ||
| Q2 24 | $38.7M | $6.0M | ||
| Q1 24 | $45.0M | $7.6M |
毛利率FORLMB
| Q4 25 | 20.1% | 25.7% | ||
| Q3 25 | 22.3% | 24.2% | ||
| Q2 25 | 20.4% | 28.0% | ||
| Q1 25 | 22.6% | 27.6% | ||
| Q4 24 | 22.0% | 30.3% | ||
| Q3 24 | 23.9% | 27.0% | ||
| Q2 24 | 22.5% | 27.4% | ||
| Q1 24 | 24.9% | 26.1% |
营业利润率FORLMB
| Q4 25 | 7.6% | 9.4% | ||
| Q3 25 | 16.9% | 7.2% | ||
| Q2 25 | 11.2% | 7.5% | ||
| Q1 25 | 11.6% | 5.9% | ||
| Q4 24 | 8.7% | 9.1% | ||
| Q3 24 | 19.7% | 8.1% | ||
| Q2 24 | 16.2% | 6.7% | ||
| Q1 24 | 17.6% | 5.5% |
净利率FORLMB
| Q4 25 | 5.6% | 6.6% | ||
| Q3 25 | 13.0% | 4.8% | ||
| Q2 25 | 8.4% | 5.5% | ||
| Q1 25 | 9.0% | 7.7% | ||
| Q4 24 | 6.6% | 6.9% | ||
| Q3 24 | 14.8% | 5.6% | ||
| Q2 24 | 12.2% | 4.9% | ||
| Q1 24 | 13.5% | 6.4% |
每股收益（稀释后）FORLMB
| Q4 25 | $0.30 | $1.01 | ||
| Q3 25 | $1.70 | $0.73 | ||
| Q2 25 | $0.65 | $0.64 | ||
| Q1 25 | $0.62 | $0.85 | ||
| Q4 24 | $0.32 | $0.81 | ||
| Q3 24 | $1.59 | $0.62 | ||
| Q2 24 | $0.76 | $0.50 | ||
| Q1 24 | $0.89 | $0.64 |
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 | $11.3M |
| 总债务越低越好 | $793.2M | $30.5M |
| 股东权益账面价值 | $1.8B | $195.7M |
| 总资产 | $3.2B | $381.1M |
| 负债/权益比越低杠杆越低 | 0.44× | 0.16× |
8季度趋势，按日历期对齐
现金及短期投资FORLMB
| Q4 25 | $211.7M | $11.3M | ||
| Q3 25 | $379.2M | $9.8M | ||
| Q2 25 | $189.2M | $38.9M | ||
| Q1 25 | $174.3M | $38.1M | ||
| Q4 24 | $132.0M | $44.9M | ||
| Q3 24 | $481.2M | $51.2M | ||
| Q2 24 | $359.2M | $59.5M | ||
| Q1 24 | $416.2M | $48.2M |
总债务FORLMB
| Q4 25 | $793.2M | $30.5M | ||
| Q3 25 | $802.7M | $56.3M | ||
| Q2 25 | $872.8M | $28.4M | ||
| Q1 25 | $872.5M | $23.7M | ||
| Q4 24 | $806.8M | $23.6M | ||
| Q3 24 | $706.4M | $20.5M | ||
| Q2 24 | $706.1M | $19.7M | ||
| Q1 24 | $705.7M | $19.4M |
股东权益FORLMB
| Q4 25 | $1.8B | $195.7M | ||
| Q3 25 | $1.8B | $181.6M | ||
| Q2 25 | $1.7B | $170.5M | ||
| Q1 25 | $1.6B | $161.1M | ||
| Q4 24 | $1.6B | $153.5M | ||
| Q3 24 | $1.6B | $142.2M | ||
| Q2 24 | $1.5B | $133.0M | ||
| Q1 24 | $1.5B | $125.5M |
总资产FORLMB
| Q4 25 | $3.2B | $381.1M | ||
| Q3 25 | $3.1B | $409.1M | ||
| Q2 25 | $3.1B | $343.0M | ||
| Q1 25 | $3.0B | $336.4M | ||
| Q4 24 | $3.0B | $352.1M | ||
| Q3 24 | $2.8B | $324.4M | ||
| Q2 24 | $2.7B | $303.9M | ||
| Q1 24 | $2.6B | $289.2M |
负债/权益比FORLMB
| Q4 25 | 0.44× | 0.16× | ||
| Q3 25 | 0.45× | 0.31× | ||
| Q2 25 | 0.52× | 0.17× | ||
| Q1 25 | 0.53× | 0.15× | ||
| Q4 24 | 0.50× | 0.15× | ||
| Q3 24 | 0.44× | 0.14× | ||
| Q2 24 | 0.47× | 0.15× | ||
| Q1 24 | 0.48× | 0.15× |
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 | $28.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $27.9M |
| 自由现金流率自由现金流/营收 | -57.5% | 14.9% |
| 资本支出强度资本支出/营收 | 0.0% | 0.1% |
| 现金转化率经营现金流/净利润 | -10.19× | 2.29× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $41.9M |
8季度趋势，按日历期对齐
经营现金流FORLMB
| Q4 25 | $-157.0M | $28.1M | ||
| Q3 25 | $256.3M | $13.3M | ||
| Q2 25 | $15.8M | $2.0M | ||
| Q1 25 | $-19.8M | $2.2M | ||
| Q4 24 | $-450.0M | $19.3M | ||
| Q3 24 | $119.2M | $4.9M | ||
| Q2 24 | $-61.7M | $16.5M | ||
| Q1 24 | $-59.2M | $-3.9M |
自由现金流FORLMB
| Q4 25 | $-157.1M | $27.9M | ||
| Q3 25 | $255.6M | $12.8M | ||
| Q2 25 | $15.0M | $1.2M | ||
| Q1 25 | $-20.5M | $11.0K | ||
| Q4 24 | — | $18.0M | ||
| Q3 24 | $118.4M | $4.6M | ||
| Q2 24 | $-62.3M | $13.2M | ||
| Q1 24 | $-59.8M | $-6.5M |
自由现金流率FORLMB
| Q4 25 | -57.5% | 14.9% | ||
| Q3 25 | 38.1% | 7.0% | ||
| Q2 25 | 3.8% | 0.8% | ||
| Q1 25 | -5.8% | 0.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | 21.5% | 3.4% | ||
| Q2 24 | -19.6% | 10.8% | ||
| Q1 24 | -17.9% | -5.5% |
资本支出强度FORLMB
| Q4 25 | 0.0% | 0.1% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.2% | 0.6% | ||
| Q1 25 | 0.2% | 1.7% | ||
| Q4 24 | 0.0% | 0.9% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.2% | 2.7% | ||
| Q1 24 | 0.2% | 2.1% |
现金转化率FORLMB
| Q4 25 | -10.19× | 2.29× | ||
| Q3 25 | 2.95× | 1.52× | ||
| Q2 25 | 0.48× | 0.26× | ||
| Q1 25 | -0.63× | 0.22× | ||
| Q4 24 | -27.27× | 1.96× | ||
| Q3 24 | 1.46× | 0.66× | ||
| Q2 24 | -1.59× | 2.77× | ||
| Q1 24 | -1.32× | -0.52× |
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% |
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
