vs
Forestar Group Inc.（FOR）与Lovesac Co（LOVE）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Lovesac Co的1.8倍（$273.0M vs $150.2M），Forestar Group Inc.净利率更高（5.6% vs -7.0%，领先12.7%），Forestar Group Inc.同比增速更快（9.0% vs 0.2%），Lovesac Co自由现金流更多（$-10.2M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -22.6%）
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。
Lovesac是美国的家具零售商，主打拥有专利的Sactionals模块化沙发系统，该系统由可自由组合的座部、侧部模块，以及定制沙发套和相关配件组成。除模块化沙发外，品牌还销售采用独家发泡混合材料填充的袋式懒人座椅。
FOR vs LOVE — 直观对比
营收规模更大
FOR
是对方的1.8倍
$150.2M
营收增速更快
FOR
高出8.9%
0.2%
净利率更高
FOR
高出12.7%
-7.0%
自由现金流更多
LOVE
多$146.9M
$-157.1M
两年增速更快
FOR
近两年复合增速
-22.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $150.2M |
| 净利润 | $15.4M | $-10.6M |
| 毛利率 | 20.1% | 56.1% |
| 营业利润率 | 7.6% | -10.5% |
| 净利率 | 5.6% | -7.0% |
| 营收同比 | 9.0% | 0.2% |
| 净利润同比 | -6.7% | -114.0% |
| 每股收益（稀释后） | $0.30 | $-0.72 |
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FORLOVE
| Q4 25 | $273.0M | $150.2M | ||
| Q3 25 | $670.5M | $160.5M | ||
| Q2 25 | $390.5M | $138.4M | ||
| Q1 25 | $351.0M | $241.5M | ||
| Q4 24 | $250.4M | $149.9M | ||
| Q3 24 | $551.3M | $156.6M | ||
| Q2 24 | $318.4M | $132.6M | ||
| Q1 24 | $333.8M | $250.5M |
净利润FORLOVE
| Q4 25 | $15.4M | $-10.6M | ||
| Q3 25 | $86.9M | $-6.7M | ||
| Q2 25 | $32.9M | $-10.8M | ||
| Q1 25 | $31.6M | $35.3M | ||
| Q4 24 | $16.5M | $-4.9M | ||
| Q3 24 | $81.5M | $-5.9M | ||
| Q2 24 | $38.7M | $-13.0M | ||
| Q1 24 | $45.0M | $31.0M |
毛利率FORLOVE
| Q4 25 | 20.1% | 56.1% | ||
| Q3 25 | 22.3% | 56.4% | ||
| Q2 25 | 20.4% | 53.7% | ||
| Q1 25 | 22.6% | 60.4% | ||
| Q4 24 | 22.0% | 58.5% | ||
| Q3 24 | 23.9% | 59.0% | ||
| Q2 24 | 22.5% | 54.3% | ||
| Q1 24 | 24.9% | 59.7% |
营业利润率FORLOVE
| Q4 25 | 7.6% | -10.5% | ||
| Q3 25 | 16.9% | -5.5% | ||
| Q2 25 | 11.2% | -10.8% | ||
| Q1 25 | 11.6% | 19.7% | ||
| Q4 24 | 8.7% | -5.2% | ||
| Q3 24 | 19.7% | -5.3% | ||
| Q2 24 | 16.2% | -13.5% | ||
| Q1 24 | 17.6% | 16.1% |
净利率FORLOVE
| Q4 25 | 5.6% | -7.0% | ||
| Q3 25 | 13.0% | -4.1% | ||
| Q2 25 | 8.4% | -7.8% | ||
| Q1 25 | 9.0% | 14.6% | ||
| Q4 24 | 6.6% | -3.3% | ||
| Q3 24 | 14.8% | -3.7% | ||
| Q2 24 | 12.2% | -9.8% | ||
| Q1 24 | 13.5% | 12.4% |
每股收益（稀释后）FORLOVE
| Q4 25 | $0.30 | $-0.72 | ||
| Q3 25 | $1.70 | $-0.45 | ||
| Q2 25 | $0.65 | $-0.73 | ||
| Q1 25 | $0.62 | $2.22 | ||
| Q4 24 | $0.32 | $-0.32 | ||
| Q3 24 | $1.59 | $-0.38 | ||
| Q2 24 | $0.76 | $-0.83 | ||
| Q1 24 | $0.89 | $1.91 |
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 | $23.7M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $189.3M |
| 总资产 | $3.2B | $495.5M |
| 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FORLOVE
| Q4 25 | $211.7M | $23.7M | ||
| Q3 25 | $379.2M | $34.2M | ||
| Q2 25 | $189.2M | $26.9M | ||
| Q1 25 | $174.3M | $83.7M | ||
| Q4 24 | $132.0M | $61.7M | ||
| Q3 24 | $481.2M | $72.1M | ||
| Q2 24 | $359.2M | $72.4M | ||
| Q1 24 | $416.2M | $87.0M |
总债务FORLOVE
| 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FORLOVE
| Q4 25 | $1.8B | $189.3M | ||
| Q3 25 | $1.8B | $197.5M | ||
| Q2 25 | $1.7B | $201.2M | ||
| Q1 25 | $1.6B | $216.4M | ||
| Q4 24 | $1.6B | $196.5M | ||
| Q3 24 | $1.6B | $202.1M | ||
| Q2 24 | $1.5B | $205.3M | ||
| Q1 24 | $1.5B | $217.5M |
总资产FORLOVE
| Q4 25 | $3.2B | $495.5M | ||
| Q3 25 | $3.1B | $493.7M | ||
| Q2 25 | $3.1B | $483.7M | ||
| Q1 25 | $3.0B | $532.3M | ||
| Q4 24 | $3.0B | $499.7M | ||
| Q3 24 | $2.8B | $481.1M | ||
| Q2 24 | $2.7B | $477.2M | ||
| Q1 24 | $2.6B | $482.2M |
负债/权益比FORLOVE
| 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 | $-4.9M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-10.2M |
| 自由现金流率自由现金流/营收 | -57.5% | -6.8% |
| 资本支出强度资本支出/营收 | 0.0% | 3.5% |
| 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 | $-13.6M |
8季度趋势，按日历期对齐
经营现金流FORLOVE
| Q4 25 | $-157.0M | $-4.9M | ||
| Q3 25 | $256.3M | $12.2M | ||
| Q2 25 | $15.8M | $-41.4M | ||
| Q1 25 | $-19.8M | $44.0M | ||
| Q4 24 | $-450.0M | $-4.2M | ||
| Q3 24 | $119.2M | $6.2M | ||
| Q2 24 | $-61.7M | $-7.0M | ||
| Q1 24 | $-59.2M | $56.3M |
自由现金流FORLOVE
| Q4 25 | $-157.1M | $-10.2M | ||
| Q3 25 | $255.6M | $7.8M | ||
| Q2 25 | $15.0M | $-50.0M | ||
| Q1 25 | $-20.5M | $38.7M | ||
| Q4 24 | — | $-6.6M | ||
| Q3 24 | $118.4M | $119.0K | ||
| Q2 24 | $-62.3M | $-14.3M | ||
| Q1 24 | $-59.8M | $49.5M |
自由现金流率FORLOVE
| Q4 25 | -57.5% | -6.8% | ||
| Q3 25 | 38.1% | 4.9% | ||
| Q2 25 | 3.8% | -36.1% | ||
| Q1 25 | -5.8% | 16.0% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | 21.5% | 0.1% | ||
| Q2 24 | -19.6% | -10.8% | ||
| Q1 24 | -17.9% | 19.8% |
资本支出强度FORLOVE
| Q4 25 | 0.0% | 3.5% | ||
| Q3 25 | 0.1% | 2.7% | ||
| Q2 25 | 0.2% | 6.2% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.0% | 1.6% | ||
| Q3 24 | 0.1% | 3.9% | ||
| Q2 24 | 0.2% | 5.5% | ||
| Q1 24 | 0.2% | 2.7% |
现金转化率FORLOVE
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | 1.25× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | 1.82× |
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% |
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
