vs
Forestar Group Inc.（FOR）与摩凡陀集团（MOV）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是摩凡陀集团的1.5倍（$273.0M vs $186.1M），Forestar Group Inc.净利率更高（5.6% vs 5.1%，领先0.5%），Forestar Group Inc.同比增速更快（9.0% vs 1.9%），摩凡陀集团自由现金流更多（$11.6M vs $-157.1M），过去两年摩凡陀集团的营收复合增速更高（2.9% 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。
摩凡陀集团是源自瑞士的美国奢侈钟表品牌，创始于1881年，品牌名取自世界语，原意为“律动”。摩凡陀腕表以12点钟位置标志性的金属圆点设计与极简风格著称，其中博物馆腕表更是品牌最广为人知的经典代表作。
FOR vs MOV — 直观对比
营收规模更大
FOR
是对方的1.5倍
$186.1M
营收增速更快
FOR
高出7.2%
1.9%
净利率更高
FOR
高出0.5%
5.1%
自由现金流更多
MOV
多$168.7M
$-157.1M
两年增速更快
MOV
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $186.1M |
| 净利润 | $15.4M | $9.6M |
| 毛利率 | 20.1% | 54.3% |
| 营业利润率 | 7.6% | 6.3% |
| 净利率 | 5.6% | 5.1% |
| 营收同比 | 9.0% | 1.9% |
| 净利润同比 | -6.7% | 89.8% |
| 每股收益（稀释后） | $0.30 | $0.42 |
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FORMOV
| Q4 25 | $273.0M | $186.1M | ||
| Q3 25 | $670.5M | $161.8M | ||
| Q2 25 | $390.5M | $131.8M | ||
| Q1 25 | $351.0M | $181.5M | ||
| Q4 24 | $250.4M | $180.5M | ||
| Q3 24 | $551.3M | $157.0M | ||
| Q2 24 | $318.4M | $134.4M | ||
| Q1 24 | $333.8M | $175.8M |
净利润FORMOV
| Q4 25 | $15.4M | $9.6M | ||
| Q3 25 | $86.9M | $3.0M | ||
| Q2 25 | $32.9M | $1.4M | ||
| Q1 25 | $31.6M | $8.1M | ||
| Q4 24 | $16.5M | $4.8M | ||
| Q3 24 | $81.5M | $3.5M | ||
| Q2 24 | $38.7M | $2.0M | ||
| Q1 24 | $45.0M | $9.8M |
毛利率FORMOV
| Q4 25 | 20.1% | 54.3% | ||
| Q3 25 | 22.3% | 54.1% | ||
| Q2 25 | 20.4% | 54.1% | ||
| Q1 25 | 22.6% | 54.2% | ||
| Q4 24 | 22.0% | 53.5% | ||
| Q3 24 | 23.9% | 54.3% | ||
| Q2 24 | 22.5% | 54.3% | ||
| Q1 24 | 24.9% | 53.5% |
营业利润率FORMOV
| Q4 25 | 7.6% | 6.3% | ||
| Q3 25 | 16.9% | 2.5% | ||
| Q2 25 | 11.2% | 0.2% | ||
| Q1 25 | 11.6% | 5.1% | ||
| Q4 24 | 8.7% | 3.3% | ||
| Q3 24 | 19.7% | 1.7% | ||
| Q2 24 | 16.2% | 1.6% | ||
| Q1 24 | 17.6% | 6.1% |
净利率FORMOV
| Q4 25 | 5.6% | 5.1% | ||
| Q3 25 | 13.0% | 1.8% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 9.0% | 4.4% | ||
| Q4 24 | 6.6% | 2.7% | ||
| Q3 24 | 14.8% | 2.2% | ||
| Q2 24 | 12.2% | 1.5% | ||
| Q1 24 | 13.5% | 5.6% |
每股收益（稀释后）FORMOV
| Q4 25 | $0.30 | $0.42 | ||
| Q3 25 | $1.70 | $0.13 | ||
| Q2 25 | $0.65 | $0.06 | ||
| Q1 25 | $0.62 | $0.36 | ||
| Q4 24 | $0.32 | $0.21 | ||
| Q3 24 | $1.59 | $0.15 | ||
| Q2 24 | $0.76 | $0.09 | ||
| Q1 24 | $0.89 | $0.44 |
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 | $183.9M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $497.5M |
| 总资产 | $3.2B | $751.9M |
| 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FORMOV
| Q4 25 | $211.7M | $183.9M | ||
| Q3 25 | $379.2M | $180.5M | ||
| Q2 25 | $189.2M | $203.1M | ||
| Q1 25 | $174.3M | $208.5M | ||
| Q4 24 | $132.0M | $181.5M | ||
| Q3 24 | $481.2M | $198.3M | ||
| Q2 24 | $359.2M | $225.4M | ||
| Q1 24 | $416.2M | $262.1M |
总债务FORMOV
| 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FORMOV
| Q4 25 | $1.8B | $497.5M | ||
| Q3 25 | $1.8B | $489.9M | ||
| Q2 25 | $1.7B | $493.2M | ||
| Q1 25 | $1.6B | $481.3M | ||
| Q4 24 | $1.6B | $491.3M | ||
| Q3 24 | $1.6B | $492.0M | ||
| Q2 24 | $1.5B | $489.6M | ||
| Q1 24 | $1.5B | $505.9M |
总资产FORMOV
| Q4 25 | $3.2B | $751.9M | ||
| Q3 25 | $3.1B | $748.7M | ||
| Q2 25 | $3.1B | $747.2M | ||
| Q1 25 | $3.0B | $729.2M | ||
| Q4 24 | $3.0B | $747.2M | ||
| Q3 24 | $2.8B | $742.5M | ||
| Q2 24 | $2.7B | $736.0M | ||
| Q1 24 | $2.6B | $756.5M |
负债/权益比FORMOV
| 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 | $12.3M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $11.6M |
| 自由现金流率自由现金流/营收 | -57.5% | 6.2% |
| 资本支出强度资本支出/营收 | 0.0% | 0.4% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.28× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $35.3M |
8季度趋势，按日历期对齐
经营现金流FORMOV
| Q4 25 | $-157.0M | $12.3M | ||
| Q3 25 | $256.3M | $-3.8M | ||
| Q2 25 | $15.8M | $-7.2M | ||
| Q1 25 | $-19.8M | $39.1M | ||
| Q4 24 | $-450.0M | $-4.7M | ||
| Q3 24 | $119.2M | $-17.8M | ||
| Q2 24 | $-61.7M | $-18.1M | ||
| Q1 24 | $-59.2M | $69.4M |
自由现金流FORMOV
| Q4 25 | $-157.1M | $11.6M | ||
| Q3 25 | $255.6M | $-5.1M | ||
| Q2 25 | $15.0M | $-8.7M | ||
| Q1 25 | $-20.5M | $37.5M | ||
| Q4 24 | — | $-7.2M | ||
| Q3 24 | $118.4M | $-20.1M | ||
| Q2 24 | $-62.3M | $-19.7M | ||
| Q1 24 | $-59.8M | $67.8M |
自由现金流率FORMOV
| Q4 25 | -57.5% | 6.2% | ||
| Q3 25 | 38.1% | -3.1% | ||
| Q2 25 | 3.8% | -6.6% | ||
| Q1 25 | -5.8% | 20.7% | ||
| Q4 24 | — | -4.0% | ||
| Q3 24 | 21.5% | -12.8% | ||
| Q2 24 | -19.6% | -14.7% | ||
| Q1 24 | -17.9% | 38.6% |
资本支出强度FORMOV
| Q4 25 | 0.0% | 0.4% | ||
| Q3 25 | 0.1% | 0.8% | ||
| Q2 25 | 0.2% | 1.2% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | 0.0% | 1.4% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.2% | 1.2% | ||
| Q1 24 | 0.2% | 0.9% |
现金转化率FORMOV
| Q4 25 | -10.19× | 1.28× | ||
| Q3 25 | 2.95× | -1.27× | ||
| Q2 25 | 0.48× | -5.08× | ||
| Q1 25 | -0.63× | 4.86× | ||
| Q4 24 | -27.27× | -0.98× | ||
| Q3 24 | 1.46× | -5.14× | ||
| Q2 24 | -1.59× | -8.97× | ||
| Q1 24 | -1.32× | 7.06× |
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% |
MOV
| Other | $81.4M | 44% |
| Owned Brands Category | $46.0M | 25% |
| Sales Channel Directly To Consumer | $35.3M | 19% |
| Company Stores | $23.4M | 13% |
