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Forestar Group Inc.（FOR）与MGP INGREDIENTS INC（MGPI）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MGP INGREDIENTS INC的2.0倍（$273.0M vs $138.3M），Forestar Group Inc.净利率更高（5.6% vs -97.3%，领先103.0%），Forestar Group Inc.同比增速更快（9.0% vs -23.5%），MGP INGREDIENTS INC自由现金流更多（$24.3M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -9.9%）
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。
MGP配料公司是总部位于美国的优质蒸馏酒、特种小麦和玉米基淀粉及蛋白质配料供应商，服务食品饮料制造、餐饮及工业客户领域，为北美及部分全球市场客户提供定制化配料解决方案。
FOR vs MGPI — 直观对比
营收规模更大
FOR
是对方的2.0倍
$138.3M
营收增速更快
FOR
高出32.5%
-23.5%
净利率更高
FOR
高出103.0%
-97.3%
自由现金流更多
MGPI
多$181.4M
$-157.1M
两年增速更快
FOR
近两年复合增速
-9.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $138.3M |
| 净利润 | $15.4M | $-134.6M |
| 毛利率 | 20.1% | 34.9% |
| 营业利润率 | 7.6% | -97.7% |
| 净利率 | 5.6% | -97.3% |
| 营收同比 | 9.0% | -23.5% |
| 净利润同比 | -6.7% | -220.8% |
| 每股收益（稀释后） | $0.30 | $-6.23 |
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FORMGPI
| Q4 25 | $273.0M | $138.3M | ||
| Q3 25 | $670.5M | $130.9M | ||
| Q2 25 | $390.5M | $145.5M | ||
| Q1 25 | $351.0M | $121.7M | ||
| Q4 24 | $250.4M | $180.8M | ||
| Q3 24 | $551.3M | $161.5M | ||
| Q2 24 | $318.4M | $190.8M | ||
| Q1 24 | $333.8M | $170.6M |
净利润FORMGPI
| Q4 25 | $15.4M | $-134.6M | ||
| Q3 25 | $86.9M | $15.4M | ||
| Q2 25 | $32.9M | $14.4M | ||
| Q1 25 | $31.6M | $-3.0M | ||
| Q4 24 | $16.5M | $-42.0M | ||
| Q3 24 | $81.5M | $23.9M | ||
| Q2 24 | $38.7M | $32.1M | ||
| Q1 24 | $45.0M | $20.6M |
毛利率FORMGPI
| Q4 25 | 20.1% | 34.9% | ||
| Q3 25 | 22.3% | 37.8% | ||
| Q2 25 | 20.4% | 40.1% | ||
| Q1 25 | 22.6% | 35.6% | ||
| Q4 24 | 22.0% | 41.2% | ||
| Q3 24 | 23.9% | 40.8% | ||
| Q2 24 | 22.5% | 43.6% | ||
| Q1 24 | 24.9% | 36.8% |
营业利润率FORMGPI
| Q4 25 | 7.6% | -97.7% | ||
| Q3 25 | 16.9% | 16.1% | ||
| Q2 25 | 11.2% | 14.0% | ||
| Q1 25 | 11.6% | -0.6% | ||
| Q4 24 | 8.7% | -16.8% | ||
| Q3 24 | 19.7% | 20.2% | ||
| Q2 24 | 16.2% | 22.7% | ||
| Q1 24 | 17.6% | 17.0% |
净利率FORMGPI
| Q4 25 | 5.6% | -97.3% | ||
| Q3 25 | 13.0% | 11.8% | ||
| Q2 25 | 8.4% | 9.9% | ||
| Q1 25 | 9.0% | -2.5% | ||
| Q4 24 | 6.6% | -23.2% | ||
| Q3 24 | 14.8% | 14.8% | ||
| Q2 24 | 12.2% | 16.8% | ||
| Q1 24 | 13.5% | 12.1% |
每股收益（稀释后）FORMGPI
| Q4 25 | $0.30 | $-6.23 | ||
| Q3 25 | $1.70 | $0.71 | ||
| Q2 25 | $0.65 | $0.67 | ||
| Q1 25 | $0.62 | $-0.14 | ||
| Q4 24 | $0.32 | $-1.86 | ||
| Q3 24 | $1.59 | $1.07 | ||
| Q2 24 | $0.76 | $1.43 | ||
| Q1 24 | $0.89 | $0.92 |
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 | $18.5M |
| 总债务越低越好 | $793.2M | $245.9M |
| 股东权益账面价值 | $1.8B | $718.4M |
| 总资产 | $3.2B | $1.2B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资FORMGPI
| Q4 25 | $211.7M | $18.5M | ||
| Q3 25 | $379.2M | $13.4M | ||
| Q2 25 | $189.2M | $17.3M | ||
| Q1 25 | $174.3M | $20.1M | ||
| Q4 24 | $132.0M | $25.3M | ||
| Q3 24 | $481.2M | $20.8M | ||
| Q2 24 | $359.2M | $21.0M | ||
| Q1 24 | $416.2M | $19.5M |
总债务FORMGPI
| Q4 25 | $793.2M | $245.9M | ||
| Q3 25 | $802.7M | $262.3M | ||
| Q2 25 | $872.8M | $290.7M | ||
| Q1 25 | $872.5M | $290.7M | ||
| Q4 24 | $806.8M | $317.1M | ||
| Q3 24 | $706.4M | $283.6M | ||
| Q2 24 | $706.1M | $303.0M | ||
| Q1 24 | $705.7M | $294.4M |
股东权益FORMGPI
| Q4 25 | $1.8B | $718.4M | ||
| Q3 25 | $1.8B | $855.2M | ||
| Q2 25 | $1.7B | $841.8M | ||
| Q1 25 | $1.6B | $828.3M | ||
| Q4 24 | $1.6B | $834.2M | ||
| Q3 24 | $1.6B | $914.5M | ||
| Q2 24 | $1.5B | $894.5M | ||
| Q1 24 | $1.5B | $867.0M |
总资产FORMGPI
| Q4 25 | $3.2B | $1.2B | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.4B |
负债/权益比FORMGPI
| Q4 25 | 0.44× | 0.34× | ||
| Q3 25 | 0.45× | 0.31× | ||
| Q2 25 | 0.52× | 0.35× | ||
| Q1 25 | 0.53× | 0.35× | ||
| Q4 24 | 0.50× | 0.38× | ||
| Q3 24 | 0.44× | 0.31× | ||
| Q2 24 | 0.47× | 0.34× | ||
| Q1 24 | 0.48× | 0.34× |
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 | $29.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $24.3M |
| 自由现金流率自由现金流/营收 | -57.5% | 17.5% |
| 资本支出强度资本支出/营收 | 0.0% | 3.5% |
| 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 | $76.0M |
8季度趋势，按日历期对齐
经营现金流FORMGPI
| Q4 25 | $-157.0M | $29.1M | ||
| Q3 25 | $256.3M | $36.1M | ||
| Q2 25 | $15.8M | $11.7M | ||
| Q1 25 | $-19.8M | $44.7M | ||
| Q4 24 | $-450.0M | $28.8M | ||
| Q3 24 | $119.2M | $43.9M | ||
| Q2 24 | $-61.7M | $5.0M | ||
| Q1 24 | $-59.2M | $24.6M |
自由现金流FORMGPI
| Q4 25 | $-157.1M | $24.3M | ||
| Q3 25 | $255.6M | $27.6M | ||
| Q2 25 | $15.0M | $-557.0K | ||
| Q1 25 | $-20.5M | $24.8M | ||
| Q4 24 | — | $10.4M | ||
| Q3 24 | $118.4M | $24.5M | ||
| Q2 24 | $-62.3M | $-1.4M | ||
| Q1 24 | $-59.8M | $-2.4M |
自由现金流率FORMGPI
| Q4 25 | -57.5% | 17.5% | ||
| Q3 25 | 38.1% | 21.1% | ||
| Q2 25 | 3.8% | -0.4% | ||
| Q1 25 | -5.8% | 20.4% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 21.5% | 15.2% | ||
| Q2 24 | -19.6% | -0.7% | ||
| Q1 24 | -17.9% | -1.4% |
资本支出强度FORMGPI
| Q4 25 | 0.0% | 3.5% | ||
| Q3 25 | 0.1% | 6.5% | ||
| Q2 25 | 0.2% | 8.4% | ||
| Q1 25 | 0.2% | 16.4% | ||
| Q4 24 | 0.0% | 10.1% | ||
| Q3 24 | 0.1% | 12.0% | ||
| Q2 24 | 0.2% | 3.3% | ||
| Q1 24 | 0.2% | 15.8% |
现金转化率FORMGPI
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 2.34× | ||
| Q2 25 | 0.48× | 0.81× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 1.84× | ||
| Q2 24 | -1.59× | 0.15× | ||
| Q1 24 | -1.32× | 1.19× |
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% |
MGPI
| Branded Spirits | $63.4M | 46% |
| Ingredient Solutions | $31.3M | 23% |
| Specialty Wheat Starches | $16.8M | 12% |
| Mid Spirits | $16.1M | 12% |
| Other Branded Spirits | $8.0M | 6% |
| Commodity Wheat Starch | $2.3M | 2% |
