vs
Forestar Group Inc.（FOR）与Mativ Holdings, Inc.（MATV）财务数据对比。点击上方公司名可切换其他公司
Mativ Holdings, Inc.的季度营收约是Forestar Group Inc.的1.7倍（$463.1M vs $273.0M），Mativ Holdings, Inc.净利率更高（21.8% vs 5.6%，领先16.1%），Forestar Group Inc.同比增速更快（9.0% vs 1.0%），Mativ Holdings, Inc.自由现金流更多（$8.0M vs $-157.1M），过去两年Mativ Holdings, Inc.的营收复合增速更高（-3.8% 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。
Mativ Holdings是一家全球特种材料制造商，主要生产高性能先进聚合物、无纺布、过滤解决方案及功能性涂层材料，服务医疗、工业、消费品、航空航天、能源等领域，业务遍及北美、欧洲及亚太地区。
FOR vs MATV — 直观对比
营收规模更大
MATV
是对方的1.7倍
$273.0M
营收增速更快
FOR
高出8.0%
1.0%
净利率更高
MATV
高出16.1%
5.6%
自由现金流更多
MATV
多$165.1M
$-157.1M
两年增速更快
MATV
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $463.1M |
| 净利润 | $15.4M | $100.8M |
| 毛利率 | 20.1% | 18.8% |
| 营业利润率 | 7.6% | 2.2% |
| 净利率 | 5.6% | 21.8% |
| 营收同比 | 9.0% | 1.0% |
| 净利润同比 | -6.7% | 6620.0% |
| 每股收益（稀释后） | $0.30 | $1.87 |
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FORMATV
| Q4 25 | $273.0M | $463.1M | ||
| Q3 25 | $670.5M | $513.7M | ||
| Q2 25 | $390.5M | $525.4M | ||
| Q1 25 | $351.0M | $484.8M | ||
| Q4 24 | $250.4M | $458.6M | ||
| Q3 24 | $551.3M | $498.5M | ||
| Q2 24 | $318.4M | $523.8M | ||
| Q1 24 | $333.8M | $500.2M |
净利润FORMATV
| Q4 25 | $15.4M | $100.8M | ||
| Q3 25 | $86.9M | $-3.2M | ||
| Q2 25 | $32.9M | $-9.5M | ||
| Q1 25 | $31.6M | $-425.5M | ||
| Q4 24 | $16.5M | $1.5M | ||
| Q3 24 | $81.5M | $-20.8M | ||
| Q2 24 | $38.7M | $-1.4M | ||
| Q1 24 | $45.0M | $-28.0M |
毛利率FORMATV
| Q4 25 | 20.1% | 18.8% | ||
| Q3 25 | 22.3% | 19.3% | ||
| Q2 25 | 20.4% | 19.7% | ||
| Q1 25 | 22.6% | 15.0% | ||
| Q4 24 | 22.0% | 16.9% | ||
| Q3 24 | 23.9% | 18.8% | ||
| Q2 24 | 22.5% | 20.8% | ||
| Q1 24 | 24.9% | 16.8% |
营业利润率FORMATV
| Q4 25 | 7.6% | 2.2% | ||
| Q3 25 | 16.9% | 3.1% | ||
| Q2 25 | 11.2% | 3.8% | ||
| Q1 25 | 11.6% | -88.8% | ||
| Q4 24 | 8.7% | 0.6% | ||
| Q3 24 | 19.7% | 1.4% | ||
| Q2 24 | 16.2% | 2.0% | ||
| Q1 24 | 17.6% | -2.8% |
净利率FORMATV
| Q4 25 | 5.6% | 21.8% | ||
| Q3 25 | 13.0% | -0.6% | ||
| Q2 25 | 8.4% | -1.8% | ||
| Q1 25 | 9.0% | -87.8% | ||
| Q4 24 | 6.6% | 0.3% | ||
| Q3 24 | 14.8% | -4.2% | ||
| Q2 24 | 12.2% | -0.3% | ||
| Q1 24 | 13.5% | -5.6% |
每股收益（稀释后）FORMATV
| Q4 25 | $0.30 | $1.87 | ||
| Q3 25 | $1.70 | $-0.06 | ||
| Q2 25 | $0.65 | $-0.18 | ||
| Q1 25 | $0.62 | $-7.82 | ||
| Q4 24 | $0.32 | $0.03 | ||
| Q3 24 | $1.59 | $-0.38 | ||
| Q2 24 | $0.76 | $-0.03 | ||
| Q1 24 | $0.89 | $-0.52 |
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 | $84.2M |
| 总债务越低越好 | $793.2M | $1.0B |
| 股东权益账面价值 | $1.8B | $498.7M |
| 总资产 | $3.2B | $2.1B |
| 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FORMATV
| Q4 25 | $211.7M | $84.2M | ||
| Q3 25 | $379.2M | $97.1M | ||
| Q2 25 | $189.2M | $95.6M | ||
| Q1 25 | $174.3M | $84.0M | ||
| Q4 24 | $132.0M | $94.3M | ||
| Q3 24 | $481.2M | $162.2M | ||
| Q2 24 | $359.2M | $133.4M | ||
| Q1 24 | $416.2M | $128.9M |
总债务FORMATV
| Q4 25 | $793.2M | $1.0B | ||
| Q3 25 | $802.7M | $1.0B | ||
| Q2 25 | $872.8M | $1.1B | ||
| Q1 25 | $872.5M | $1.1B | ||
| Q4 24 | $806.8M | $1.1B | ||
| Q3 24 | $706.4M | $1.2B | ||
| Q2 24 | $706.1M | $1.2B | ||
| Q1 24 | $705.7M | $1.2B |
股东权益FORMATV
| Q4 25 | $1.8B | $498.7M | ||
| Q3 25 | $1.8B | $397.4M | ||
| Q2 25 | $1.7B | $416.6M | ||
| Q1 25 | $1.6B | $428.2M | ||
| Q4 24 | $1.6B | $858.5M | ||
| Q3 24 | $1.6B | $882.3M | ||
| Q2 24 | $1.5B | $898.0M | ||
| Q1 24 | $1.5B | $906.9M |
总资产FORMATV
| Q4 25 | $3.2B | $2.1B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.0B | $2.1B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $2.8B | $2.6B | ||
| Q2 24 | $2.7B | $2.6B | ||
| Q1 24 | $2.6B | $2.7B |
负债/权益比FORMATV
| Q4 25 | 0.44× | 2.07× | ||
| Q3 25 | 0.45× | 2.63× | ||
| Q2 25 | 0.52× | 2.66× | ||
| Q1 25 | 0.53× | 2.67× | ||
| Q4 24 | 0.50× | 1.30× | ||
| Q3 24 | 0.44× | 1.32× | ||
| Q2 24 | 0.47× | 1.29× | ||
| Q1 24 | 0.48× | 1.30× |
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 | $19.3M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $8.0M |
| 自由现金流率自由现金流/营收 | -57.5% | 1.7% |
| 资本支出强度资本支出/营收 | 0.0% | 2.4% |
| 现金转化率经营现金流/净利润 | -10.19× | 0.19× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $93.8M |
8季度趋势，按日历期对齐
经营现金流FORMATV
| Q4 25 | $-157.0M | $19.3M | ||
| Q3 25 | $256.3M | $72.8M | ||
| Q2 25 | $15.8M | $57.6M | ||
| Q1 25 | $-19.8M | $-15.9M | ||
| Q4 24 | $-450.0M | $24.1M | ||
| Q3 24 | $119.2M | $37.6M | ||
| Q2 24 | $-61.7M | $46.1M | ||
| Q1 24 | $-59.2M | $-13.0M |
自由现金流FORMATV
| Q4 25 | $-157.1M | $8.0M | ||
| Q3 25 | $255.6M | $66.7M | ||
| Q2 25 | $15.0M | $48.9M | ||
| Q1 25 | $-20.5M | $-29.8M | ||
| Q4 24 | — | $2.0M | ||
| Q3 24 | $118.4M | $25.5M | ||
| Q2 24 | $-62.3M | $37.4M | ||
| Q1 24 | $-59.8M | $-25.1M |
自由现金流率FORMATV
| Q4 25 | -57.5% | 1.7% | ||
| Q3 25 | 38.1% | 13.0% | ||
| Q2 25 | 3.8% | 9.3% | ||
| Q1 25 | -5.8% | -6.1% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | 21.5% | 5.1% | ||
| Q2 24 | -19.6% | 7.1% | ||
| Q1 24 | -17.9% | -5.0% |
资本支出强度FORMATV
| Q4 25 | 0.0% | 2.4% | ||
| Q3 25 | 0.1% | 1.2% | ||
| Q2 25 | 0.2% | 1.7% | ||
| Q1 25 | 0.2% | 2.9% | ||
| Q4 24 | 0.0% | 4.8% | ||
| Q3 24 | 0.1% | 2.4% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.2% | 2.4% |
现金转化率FORMATV
| Q4 25 | -10.19× | 0.19× | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | 16.07× | ||
| Q3 24 | 1.46× | — | ||
| 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% |
MATV
| Other | $208.7M | 45% |
| SAS Segment | $157.4M | 34% |
| FAM Segment | $97.0M | 21% |
