vs
Forestar Group Inc.（FOR）与MACERICH CO（MAC）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MACERICH CO的1.0倍（$273.0M vs $261.7M），Forestar Group Inc.净利率更高（5.6% vs -7.2%，领先12.8%），Forestar Group Inc.同比增速更快（9.0% vs -4.4%），过去两年MACERICH CO的营收复合增速更高（12.0% 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。
Macerich是一家专注于购物中心投资的房地产投资信托基金，为美国第三大购物中心持有及运营商。截至2024年12月31日，公司共持有43处物业的权益，可租赁总面积达4300万平方英尺，公司名称由创始人Mace Siegel与Richard Cohen的名字组合而来。
FOR vs MAC — 直观对比
营收规模更大
FOR
是对方的1.0倍
$261.7M
营收增速更快
FOR
高出13.4%
-4.4%
净利率更高
FOR
高出12.8%
-7.2%
两年增速更快
MAC
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $261.7M |
| 净利润 | $15.4M | $-18.8M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | — |
| 净利率 | 5.6% | -7.2% |
| 营收同比 | 9.0% | -4.4% |
| 净利润同比 | -6.7% | 91.1% |
| 每股收益（稀释后） | $0.30 | $-0.08 |
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FORMAC
| Q4 25 | $273.0M | $261.7M | ||
| Q3 25 | $670.5M | $253.3M | ||
| Q2 25 | $390.5M | $249.8M | ||
| Q1 25 | $351.0M | $249.2M | ||
| Q4 24 | $250.4M | $273.7M | ||
| Q3 24 | $551.3M | $220.2M | ||
| Q2 24 | $318.4M | $215.5M | ||
| Q1 24 | $333.8M | $208.8M |
净利润FORMAC
| Q4 25 | $15.4M | $-18.8M | ||
| Q3 25 | $86.9M | $-87.4M | ||
| Q2 25 | $32.9M | $-40.9M | ||
| Q1 25 | $31.6M | $-50.1M | ||
| Q4 24 | $16.5M | $-211.2M | ||
| Q3 24 | $81.5M | $-108.2M | ||
| Q2 24 | $38.7M | $252.0M | ||
| Q1 24 | $45.0M | $-126.7M |
毛利率FORMAC
| 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FORMAC
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.6% | — | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 16.2% | — | ||
| Q1 24 | 17.6% | — |
净利率FORMAC
| Q4 25 | 5.6% | -7.2% | ||
| Q3 25 | 13.0% | -34.5% | ||
| Q2 25 | 8.4% | -16.4% | ||
| Q1 25 | 9.0% | -20.1% | ||
| Q4 24 | 6.6% | -77.2% | ||
| Q3 24 | 14.8% | -49.1% | ||
| Q2 24 | 12.2% | 116.9% | ||
| Q1 24 | 13.5% | -60.7% |
每股收益（稀释后）FORMAC
| Q4 25 | $0.30 | $-0.08 | ||
| Q3 25 | $1.70 | $-0.34 | ||
| Q2 25 | $0.65 | $-0.16 | ||
| Q1 25 | $0.62 | $-0.20 | ||
| Q4 24 | $0.32 | $-0.95 | ||
| Q3 24 | $1.59 | $-0.50 | ||
| Q2 24 | $0.76 | $1.16 | ||
| Q1 24 | $0.89 | $-0.59 |
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 | $280.2M |
| 总债务越低越好 | $793.2M | $5.1B |
| 股东权益账面价值 | $1.8B | $2.4B |
| 总资产 | $3.2B | $8.4B |
| 负债/权益比越低杠杆越低 | 0.44× | 2.07× |
8季度趋势，按日历期对齐
现金及短期投资FORMAC
| Q4 25 | $211.7M | $280.2M | ||
| Q3 25 | $379.2M | $290.2M | ||
| Q2 25 | $189.2M | $131.1M | ||
| Q1 25 | $174.3M | $253.2M | ||
| Q4 24 | $132.0M | $89.9M | ||
| Q3 24 | $481.2M | $116.5M | ||
| Q2 24 | $359.2M | $70.7M | ||
| Q1 24 | $416.2M | $120.1M |
总债务FORMAC
| Q4 25 | $793.2M | $5.1B | ||
| Q3 25 | $802.7M | $5.1B | ||
| Q2 25 | $872.8M | $5.2B | ||
| Q1 25 | $872.5M | $5.2B | ||
| Q4 24 | $806.8M | $4.9B | ||
| Q3 24 | $706.4M | $4.3B | ||
| Q2 24 | $706.1M | $4.4B | ||
| Q1 24 | $705.7M | $4.1B |
股东权益FORMAC
| Q4 25 | $1.8B | $2.4B | ||
| Q3 25 | $1.8B | $2.5B | ||
| Q2 25 | $1.7B | $2.6B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.6B | $2.8B | ||
| Q3 24 | $1.6B | $2.5B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.5B | $2.3B |
总资产FORMAC
| Q4 25 | $3.2B | $8.4B | ||
| Q3 25 | $3.1B | $8.4B | ||
| Q2 25 | $3.1B | $8.7B | ||
| Q1 25 | $3.0B | $8.7B | ||
| Q4 24 | $3.0B | $8.6B | ||
| Q3 24 | $2.8B | $7.6B | ||
| Q2 24 | $2.7B | $7.8B | ||
| Q1 24 | $2.6B | $7.4B |
负债/权益比FORMAC
| Q4 25 | 0.44× | 2.07× | ||
| Q3 25 | 0.45× | 2.02× | ||
| Q2 25 | 0.52× | 2.02× | ||
| Q1 25 | 0.53× | 1.96× | ||
| Q4 24 | 0.50× | 1.78× | ||
| Q3 24 | 0.44× | 1.73× | ||
| Q2 24 | 0.47× | 1.75× | ||
| Q1 24 | 0.48× | 1.79× |
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 | $50.2M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | — |
| 自由现金流率自由现金流/营收 | -57.5% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流FORMAC
| Q4 25 | $-157.0M | $50.2M | ||
| Q3 25 | $256.3M | $112.4M | ||
| Q2 25 | $15.8M | $70.5M | ||
| Q1 25 | $-19.8M | $88.5M | ||
| Q4 24 | $-450.0M | $54.9M | ||
| Q3 24 | $119.2M | $100.0M | ||
| Q2 24 | $-61.7M | $67.4M | ||
| Q1 24 | $-59.2M | $61.1M |
自由现金流FORMAC
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流率FORMAC
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
资本支出强度FORMAC
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FORMAC
| 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× | 0.27× | ||
| 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% |
MAC
暂无分部数据
