vs
Forestar Group Inc.（FOR）与Mister Car Wash, Inc.（MCW）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Mister Car Wash, Inc.的1.0倍（$273.0M vs $261.2M），Mister Car Wash, Inc.净利率更高（7.7% vs 5.6%，领先2.0%），Forestar Group Inc.同比增速更快（9.0% vs 4.0%），Mister Car Wash, Inc.自由现金流更多（$-16.8M vs $-157.1M），过去两年Mister Car Wash, Inc.的营收复合增速更高（4.5% 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。
棕熊洗车是总部位于美国华盛顿州的连锁洗车品牌，1957年在西雅图成立，截至2021年拥有49家门店，是美国排名第12位的大型洗车连锁企业，在当地洗车服务市场拥有较高的市场认可度。
FOR vs MCW — 直观对比
营收规模更大
FOR
是对方的1.0倍
$261.2M
营收增速更快
FOR
高出5.0%
4.0%
净利率更高
MCW
高出2.0%
5.6%
自由现金流更多
MCW
多$140.3M
$-157.1M
两年增速更快
MCW
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $261.2M |
| 净利润 | $15.4M | $20.1M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 15.8% |
| 净利率 | 5.6% | 7.7% |
| 营收同比 | 9.0% | 4.0% |
| 净利润同比 | -6.7% | 118.9% |
| 每股收益（稀释后） | $0.30 | $0.06 |
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FORMCW
| Q4 25 | $273.0M | $261.2M | ||
| Q3 25 | $670.5M | $263.4M | ||
| Q2 25 | $390.5M | $265.4M | ||
| Q1 25 | $351.0M | $261.7M | ||
| Q4 24 | $250.4M | $251.2M | ||
| Q3 24 | $551.3M | $249.3M | ||
| Q2 24 | $318.4M | $255.0M | ||
| Q1 24 | $333.8M | $239.2M |
净利润FORMCW
| Q4 25 | $15.4M | $20.1M | ||
| Q3 25 | $86.9M | $27.4M | ||
| Q2 25 | $32.9M | $28.6M | ||
| Q1 25 | $31.6M | $27.0M | ||
| Q4 24 | $16.5M | $9.2M | ||
| Q3 24 | $81.5M | $22.3M | ||
| Q2 24 | $38.7M | $22.1M | ||
| Q1 24 | $45.0M | $16.6M |
毛利率FORMCW
| 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FORMCW
| Q4 25 | 7.6% | 15.8% | ||
| Q3 25 | 16.9% | 19.7% | ||
| Q2 25 | 11.2% | 20.4% | ||
| Q1 25 | 11.6% | 20.2% | ||
| Q4 24 | 8.7% | 12.7% | ||
| Q3 24 | 19.7% | 19.9% | ||
| Q2 24 | 16.2% | 21.6% | ||
| Q1 24 | 17.6% | 17.8% |
净利率FORMCW
| Q4 25 | 5.6% | 7.7% | ||
| Q3 25 | 13.0% | 10.4% | ||
| Q2 25 | 8.4% | 10.8% | ||
| Q1 25 | 9.0% | 10.3% | ||
| Q4 24 | 6.6% | 3.7% | ||
| Q3 24 | 14.8% | 9.0% | ||
| Q2 24 | 12.2% | 8.7% | ||
| Q1 24 | 13.5% | 7.0% |
每股收益（稀释后）FORMCW
| Q4 25 | $0.30 | $0.06 | ||
| Q3 25 | $1.70 | $0.08 | ||
| Q2 25 | $0.65 | $0.09 | ||
| Q1 25 | $0.62 | $0.08 | ||
| Q4 24 | $0.32 | $0.02 | ||
| Q3 24 | $1.59 | $0.07 | ||
| Q2 24 | $0.76 | $0.07 | ||
| Q1 24 | $0.89 | $0.05 |
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 | $28.4M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $1.1B |
| 总资产 | $3.2B | $3.2B |
| 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FORMCW
| Q4 25 | $211.7M | $28.4M | ||
| Q3 25 | $379.2M | $35.7M | ||
| Q2 25 | $189.2M | $26.4M | ||
| Q1 25 | $174.3M | $39.1M | ||
| Q4 24 | $132.0M | $67.5M | ||
| Q3 24 | $481.2M | $16.5M | ||
| Q2 24 | $359.2M | $3.6M | ||
| Q1 24 | $416.2M | $10.7M |
总债务FORMCW
| 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FORMCW
| Q4 25 | $1.8B | $1.1B | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.6B | $998.4M | ||
| Q3 24 | $1.6B | $979.4M | ||
| Q2 24 | $1.5B | $949.4M | ||
| Q1 24 | $1.5B | $928.7M |
总资产FORMCW
| Q4 25 | $3.2B | $3.2B | ||
| Q3 25 | $3.1B | $3.1B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $3.0B | $3.1B | ||
| Q4 24 | $3.0B | $3.1B | ||
| Q3 24 | $2.8B | $3.0B | ||
| Q2 24 | $2.7B | $3.0B | ||
| Q1 24 | $2.6B | $2.9B |
负债/权益比FORMCW
| 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 | $60.0M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-16.8M |
| 自由现金流率自由现金流/营收 | -57.5% | -6.4% |
| 资本支出强度资本支出/营收 | 0.0% | 29.4% |
| 现金转化率经营现金流/净利润 | -10.19× | 2.99× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $30.3M |
8季度趋势，按日历期对齐
经营现金流FORMCW
| Q4 25 | $-157.0M | $60.0M | ||
| Q3 25 | $256.3M | $91.4M | ||
| Q2 25 | $15.8M | $46.8M | ||
| Q1 25 | $-19.8M | $87.5M | ||
| Q4 24 | $-450.0M | $49.8M | ||
| Q3 24 | $119.2M | $80.0M | ||
| Q2 24 | $-61.7M | $60.9M | ||
| Q1 24 | $-59.2M | $58.0M |
自由现金流FORMCW
| Q4 25 | $-157.1M | $-16.8M | ||
| Q3 25 | $255.6M | $25.8M | ||
| Q2 25 | $15.0M | $-11.2M | ||
| Q1 25 | $-20.5M | $32.5M | ||
| Q4 24 | — | $-20.4M | ||
| Q3 24 | $118.4M | $-16.8M | ||
| Q2 24 | $-62.3M | $-20.4M | ||
| Q1 24 | $-59.8M | $-23.9M |
自由现金流率FORMCW
| Q4 25 | -57.5% | -6.4% | ||
| Q3 25 | 38.1% | 9.8% | ||
| Q2 25 | 3.8% | -4.2% | ||
| Q1 25 | -5.8% | 12.4% | ||
| Q4 24 | — | -8.1% | ||
| Q3 24 | 21.5% | -6.8% | ||
| Q2 24 | -19.6% | -8.0% | ||
| Q1 24 | -17.9% | -10.0% |
资本支出强度FORMCW
| Q4 25 | 0.0% | 29.4% | ||
| Q3 25 | 0.1% | 24.9% | ||
| Q2 25 | 0.2% | 21.9% | ||
| Q1 25 | 0.2% | 21.1% | ||
| Q4 24 | 0.0% | 27.9% | ||
| Q3 24 | 0.1% | 38.8% | ||
| Q2 24 | 0.2% | 31.9% | ||
| Q1 24 | 0.2% | 34.2% |
现金转化率FORMCW
| Q4 25 | -10.19× | 2.99× | ||
| Q3 25 | 2.95× | 3.33× | ||
| Q2 25 | 0.48× | 1.64× | ||
| Q1 25 | -0.63× | 3.24× | ||
| Q4 24 | -27.27× | 5.43× | ||
| Q3 24 | 1.46× | 3.58× | ||
| Q2 24 | -1.59× | 2.76× | ||
| Q1 24 | -1.32× | 3.49× |
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% |
MCW
| Transferred Over Time | $205.7M | 79% |
| Transferred At Point In Time | $55.2M | 21% |
