vs
Forestar Group Inc.（FOR）与奥飞娱乐（MAX）财务数据对比。点击上方公司名可切换其他公司
奥飞娱乐的季度营收约是Forestar Group Inc.的1.1倍（$310.0M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 4.5%，领先1.1%），奥飞娱乐同比增速更快（17.3% vs 9.0%），过去两年奥飞娱乐的营收复合增速更高（31.9% 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。
奥飞娱乐股份有限公司由蔡东青于1993年创立，是一家中国跨国综合企业集团，主营动漫、玩具、传媒资产与娱乐业务，2016年由原奥飞动漫更名而来。集团拥有国漫平台有妖气，还在美国设有影视公司奥飞影业，并宣布将在美国设立动漫业务部门。
FOR vs MAX — 直观对比
营收规模更大
MAX
是对方的1.1倍
$273.0M
营收增速更快
MAX
高出8.3%
9.0%
净利率更高
FOR
高出1.1%
4.5%
两年增速更快
MAX
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $310.0M |
| 净利润 | $15.4M | $14.0M |
| 毛利率 | 20.1% | 15.1% |
| 营业利润率 | 7.6% | 7.2% |
| 净利率 | 5.6% | 4.5% |
| 营收同比 | 9.0% | 17.3% |
| 净利润同比 | -6.7% | 701.8% |
| 每股收益（稀释后） | $0.30 | — |
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FORMAX
| Q1 26 | — | $310.0M | ||
| Q4 25 | $273.0M | $291.2M | ||
| Q3 25 | $670.5M | $306.5M | ||
| Q2 25 | $390.5M | $251.6M | ||
| Q1 25 | $351.0M | $264.3M | ||
| Q4 24 | $250.4M | $300.6M | ||
| Q3 24 | $551.3M | $259.1M | ||
| Q2 24 | $318.4M | $178.3M |
净利润FORMAX
| Q1 26 | — | $14.0M | ||
| Q4 25 | $15.4M | $31.4M | ||
| Q3 25 | $86.9M | $14.9M | ||
| Q2 25 | $32.9M | $-18.7M | ||
| Q1 25 | $31.6M | $-1.9M | ||
| Q4 24 | $16.5M | $4.6M | ||
| Q3 24 | $81.5M | $9.5M | ||
| Q2 24 | $38.7M | $3.6M |
毛利率FORMAX
| Q1 26 | — | 15.1% | ||
| Q4 25 | 20.1% | 15.4% | ||
| Q3 25 | 22.3% | 14.2% | ||
| Q2 25 | 20.4% | 15.0% | ||
| Q1 25 | 22.6% | 15.8% | ||
| Q4 24 | 22.0% | 16.3% | ||
| Q3 24 | 23.9% | 15.1% | ||
| Q2 24 | 22.5% | 17.8% |
营业利润率FORMAX
| Q1 26 | — | 7.2% | ||
| Q4 25 | 7.6% | 7.7% | ||
| Q3 25 | 16.9% | 6.4% | ||
| Q2 25 | 11.2% | -8.0% | ||
| Q1 25 | 11.6% | 0.0% | ||
| Q4 24 | 8.7% | 6.1% | ||
| Q3 24 | 19.7% | 6.0% | ||
| Q2 24 | 16.2% | 3.6% |
净利率FORMAX
| Q1 26 | — | 4.5% | ||
| Q4 25 | 5.6% | 10.8% | ||
| Q3 25 | 13.0% | 4.9% | ||
| Q2 25 | 8.4% | -7.4% | ||
| Q1 25 | 9.0% | -0.7% | ||
| Q4 24 | 6.6% | 1.5% | ||
| Q3 24 | 14.8% | 3.7% | ||
| Q2 24 | 12.2% | 2.0% |
每股收益（稀释后）FORMAX
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $0.50 | ||
| Q3 25 | $1.70 | $0.26 | ||
| Q2 25 | $0.65 | $-0.33 | ||
| Q1 25 | $0.62 | $-0.04 | ||
| Q4 24 | $0.32 | $0.09 | ||
| Q3 24 | $1.59 | $0.17 | ||
| Q2 24 | $0.76 | $0.07 |
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 | $26.1M |
| 总债务越低越好 | $793.2M | $163.5M |
| 股东权益账面价值 | $1.8B | — |
| 总资产 | $3.2B | $367.7M |
| 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FORMAX
| Q1 26 | — | $26.1M | ||
| Q4 25 | $211.7M | $46.9M | ||
| Q3 25 | $379.2M | $38.8M | ||
| Q2 25 | $189.2M | $85.4M | ||
| Q1 25 | $174.3M | $63.6M | ||
| Q4 24 | $132.0M | $43.3M | ||
| Q3 24 | $481.2M | $32.3M | ||
| Q2 24 | $359.2M | $28.7M |
总债务FORMAX
| Q1 26 | — | $163.5M | ||
| Q4 25 | $793.2M | $153.4M | ||
| Q3 25 | $802.7M | $155.7M | ||
| Q2 25 | $872.8M | $158.0M | ||
| Q1 25 | $872.5M | $160.2M | ||
| Q4 24 | $806.8M | $162.4M | ||
| Q3 24 | $706.4M | $164.7M | ||
| Q2 24 | $706.1M | $166.9M |
股东权益FORMAX
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $4.2M | ||
| Q3 25 | $1.8B | $-29.8M | ||
| Q2 25 | $1.7B | $-3.8M | ||
| Q1 25 | $1.6B | $7.9M | ||
| Q4 24 | $1.6B | $2.4M | ||
| Q3 24 | $1.6B | $-8.4M | ||
| Q2 24 | $1.5B | $-24.4M |
总资产FORMAX
| Q1 26 | — | $367.7M | ||
| Q4 25 | $3.2B | $383.8M | ||
| Q3 25 | $3.1B | $266.2M | ||
| Q2 25 | $3.1B | $249.4M | ||
| Q1 25 | $3.0B | $240.0M | ||
| Q4 24 | $3.0B | $262.4M | ||
| Q3 24 | $2.8B | $236.1M | ||
| Q2 24 | $2.7B | $198.2M |
负债/权益比FORMAX
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | 36.88× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | 20.23× | ||
| Q4 24 | 0.50× | 68.31× | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.47× | — |
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 | — |
| 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FORMAX
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $-7.4M | ||
| Q3 25 | $256.3M | $23.6M | ||
| Q2 25 | $15.8M | $25.7M | ||
| Q1 25 | $-19.8M | $23.7M | ||
| Q4 24 | $-450.0M | $14.5M | ||
| Q3 24 | $119.2M | $8.1M | ||
| Q2 24 | $-61.7M | $21.6M |
自由现金流FORMAX
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $-7.5M | ||
| Q3 25 | $255.6M | $23.6M | ||
| Q2 25 | $15.0M | $25.5M | ||
| Q1 25 | $-20.5M | $23.6M | ||
| Q4 24 | — | $14.5M | ||
| Q3 24 | $118.4M | $8.0M | ||
| Q2 24 | $-62.3M | $21.5M |
自由现金流率FORMAX
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | -2.6% | ||
| Q3 25 | 38.1% | 7.7% | ||
| Q2 25 | 3.8% | 10.2% | ||
| Q1 25 | -5.8% | 8.9% | ||
| Q4 24 | — | 4.8% | ||
| Q3 24 | 21.5% | 3.1% | ||
| Q2 24 | -19.6% | 12.0% |
资本支出强度FORMAX
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.2% | 0.1% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | 0.2% | 0.1% |
现金转化率FORMAX
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | -0.24× | ||
| Q3 25 | 2.95× | 1.58× | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | 3.13× | ||
| Q3 24 | 1.46× | 0.85× | ||
| Q2 24 | -1.59× | 5.97× |
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% |
MAX
暂无分部数据
