vs
Forestar Group Inc.（FOR）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
迈心诺的季度营收约是Forestar Group Inc.的1.4倍（$371.5M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -27.0%，领先32.7%），Forestar Group Inc.同比增速更快（9.0% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -17.7%）
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。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
FOR vs MASI — 直观对比
营收规模更大
MASI
是对方的1.4倍
$273.0M
营收增速更快
FOR
高出35.4%
-26.4%
净利率更高
FOR
高出32.7%
-27.0%
自由现金流更多
MASI
多$208.0M
$-157.1M
两年增速更快
FOR
近两年复合增速
-17.7%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $371.5M |
| 净利润 | $15.4M | $-100.4M |
| 毛利率 | 20.1% | 62.1% |
| 营业利润率 | 7.6% | 22.5% |
| 净利率 | 5.6% | -27.0% |
| 营收同比 | 9.0% | -26.4% |
| 净利润同比 | -6.7% | -1124.5% |
| 每股收益（稀释后） | $0.30 | $-1.84 |
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FORMASI
| Q4 25 | $273.0M | — | ||
| Q3 25 | $670.5M | $371.5M | ||
| Q2 25 | $390.5M | $370.9M | ||
| Q1 25 | $351.0M | $372.0M | ||
| Q4 24 | $250.4M | $600.7M | ||
| Q3 24 | $551.3M | $504.6M | ||
| Q2 24 | $318.4M | $496.3M | ||
| Q1 24 | $333.8M | $492.8M |
净利润FORMASI
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | $-100.4M | ||
| Q2 25 | $32.9M | $51.3M | ||
| Q1 25 | $31.6M | $-170.7M | ||
| Q4 24 | $16.5M | $-349.6M | ||
| Q3 24 | $81.5M | $9.8M | ||
| Q2 24 | $38.7M | $16.0M | ||
| Q1 24 | $45.0M | $18.9M |
毛利率FORMASI
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | 62.1% | ||
| Q2 25 | 20.4% | 62.9% | ||
| Q1 25 | 22.6% | 62.9% | ||
| Q4 24 | 22.0% | 40.7% | ||
| Q3 24 | 23.9% | 52.2% | ||
| Q2 24 | 22.5% | 51.3% | ||
| Q1 24 | 24.9% | 49.0% |
营业利润率FORMASI
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | 22.5% | ||
| Q2 25 | 11.2% | 17.4% | ||
| Q1 25 | 11.6% | 21.0% | ||
| Q4 24 | 8.7% | -59.8% | ||
| Q3 24 | 19.7% | 6.0% | ||
| Q2 24 | 16.2% | 5.7% | ||
| Q1 24 | 17.6% | 6.9% |
净利率FORMASI
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | -27.0% | ||
| Q2 25 | 8.4% | 13.8% | ||
| Q1 25 | 9.0% | -45.9% | ||
| Q4 24 | 6.6% | -58.2% | ||
| Q3 24 | 14.8% | 1.9% | ||
| Q2 24 | 12.2% | 3.2% | ||
| Q1 24 | 13.5% | 3.8% |
每股收益（稀释后）FORMASI
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | $-1.84 | ||
| Q2 25 | $0.65 | $0.94 | ||
| Q1 25 | $0.62 | $-3.12 | ||
| Q4 24 | $0.32 | $-6.54 | ||
| Q3 24 | $1.59 | $0.18 | ||
| Q2 24 | $0.76 | $0.29 | ||
| Q1 24 | $0.89 | $0.35 |
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 | $312.3M |
| 总债务越低越好 | $793.2M | $559.1M |
| 股东权益账面价值 | $1.8B | $810.0M |
| 总资产 | $3.2B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资FORMASI
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | $312.3M | ||
| Q2 25 | $189.2M | $149.6M | ||
| Q1 25 | $174.3M | $130.8M | ||
| Q4 24 | $132.0M | $177.6M | ||
| Q3 24 | $481.2M | $158.5M | ||
| Q2 24 | $359.2M | $129.6M | ||
| Q1 24 | $416.2M | $157.6M |
总债务FORMASI
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | $559.1M | ||
| Q2 25 | $872.8M | $613.7M | ||
| Q1 25 | $872.5M | $651.0M | ||
| Q4 24 | $806.8M | $765.2M | ||
| Q3 24 | $706.4M | $772.6M | ||
| Q2 24 | $706.1M | $781.6M | ||
| Q1 24 | $705.7M | $876.0M |
股东权益FORMASI
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $810.0M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $946.4M | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.5B | $1.4B |
总资产FORMASI
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $3.1B | $2.4B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.0B | $2.6B | ||
| Q3 24 | $2.8B | $3.1B | ||
| Q2 24 | $2.7B | $2.9B | ||
| Q1 24 | $2.6B | $3.0B |
负债/权益比FORMASI
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | 0.69× | ||
| Q2 25 | 0.52× | 0.59× | ||
| Q1 25 | 0.53× | 0.69× | ||
| Q4 24 | 0.50× | 0.73× | ||
| Q3 24 | 0.44× | 0.53× | ||
| Q2 24 | 0.47× | 0.57× | ||
| Q1 24 | 0.48× | 0.64× |
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 | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $50.9M |
| 自由现金流率自由现金流/营收 | -57.5% | 13.7% |
| 资本支出强度资本支出/营收 | 0.0% | 1.6% |
| 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 | $191.0M |
8季度趋势，按日历期对齐
经营现金流FORMASI
| Q4 25 | $-157.0M | — | ||
| Q3 25 | $256.3M | $56.8M | ||
| Q2 25 | $15.8M | $69.4M | ||
| Q1 25 | $-19.8M | $31.1M | ||
| Q4 24 | $-450.0M | $50.5M | ||
| Q3 24 | $119.2M | $25.6M | ||
| Q2 24 | $-61.7M | $74.5M | ||
| Q1 24 | $-59.2M | $45.8M |
自由现金流FORMASI
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | $50.9M | ||
| Q2 25 | $15.0M | $65.6M | ||
| Q1 25 | $-20.5M | $28.5M | ||
| Q4 24 | — | $46.0M | ||
| Q3 24 | $118.4M | $16.9M | ||
| Q2 24 | $-62.3M | $66.9M | ||
| Q1 24 | $-59.8M | $37.6M |
自由现金流率FORMASI
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | 13.7% | ||
| Q2 25 | 3.8% | 17.7% | ||
| Q1 25 | -5.8% | 7.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 21.5% | 3.3% | ||
| Q2 24 | -19.6% | 13.5% | ||
| Q1 24 | -17.9% | 7.6% |
资本支出强度FORMASI
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | 1.6% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.2% | 0.7% | ||
| Q4 24 | 0.0% | 0.7% | ||
| Q3 24 | 0.1% | 1.7% | ||
| Q2 24 | 0.2% | 1.5% | ||
| Q1 24 | 0.2% | 1.7% |
现金转化率FORMASI
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 1.35× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 2.61× | ||
| Q2 24 | -1.59× | 4.66× | ||
| Q1 24 | -1.32× | 2.42× |
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% |
MASI
暂无分部数据
