vs
Forestar Group Inc.（FOR）与MARZETTI CO（MZTI）财务数据对比。点击上方公司名可切换其他公司
MARZETTI CO的季度营收约是Forestar Group Inc.的1.9倍（$518.0M vs $273.0M），MARZETTI CO净利率更高（11.4% vs 5.6%，领先5.8%），Forestar Group Inc.同比增速更快（9.0% vs 1.7%），MARZETTI CO自由现金流更多（$70.9M vs $-157.1M），过去两年MARZETTI CO的营收复合增速更高（4.8% 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。
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
FOR vs MZTI — 直观对比
营收规模更大
MZTI
是对方的1.9倍
$273.0M
营收增速更快
FOR
高出7.3%
1.7%
净利率更高
MZTI
高出5.8%
5.6%
自由现金流更多
MZTI
多$228.0M
$-157.1M
两年增速更快
MZTI
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $518.0M |
| 净利润 | $15.4M | $59.1M |
| 毛利率 | 20.1% | 26.5% |
| 营业利润率 | 7.6% | 14.5% |
| 净利率 | 5.6% | 11.4% |
| 营收同比 | 9.0% | 1.7% |
| 净利润同比 | -6.7% | 20.6% |
| 每股收益（稀释后） | $0.30 | $2.15 |
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FORMZTI
| Q4 25 | $273.0M | $518.0M | ||
| Q3 25 | $670.5M | $493.5M | ||
| Q2 25 | $390.5M | $475.4M | ||
| Q1 25 | $351.0M | $457.8M | ||
| Q4 24 | $250.4M | $509.3M | ||
| Q3 24 | $551.3M | $466.6M | ||
| Q2 24 | $318.4M | $452.8M | ||
| Q1 24 | $333.8M | $471.4M |
净利润FORMZTI
| Q4 25 | $15.4M | $59.1M | ||
| Q3 25 | $86.9M | $47.2M | ||
| Q2 25 | $32.9M | $32.5M | ||
| Q1 25 | $31.6M | $41.1M | ||
| Q4 24 | $16.5M | $49.0M | ||
| Q3 24 | $81.5M | $44.7M | ||
| Q2 24 | $38.7M | $34.8M | ||
| Q1 24 | $45.0M | $28.4M |
毛利率FORMZTI
| Q4 25 | 20.1% | 26.5% | ||
| Q3 25 | 22.3% | 24.1% | ||
| Q2 25 | 20.4% | 22.3% | ||
| Q1 25 | 22.6% | 23.1% | ||
| Q4 24 | 22.0% | 26.1% | ||
| Q3 24 | 23.9% | 23.8% | ||
| Q2 24 | 22.5% | 21.6% | ||
| Q1 24 | 24.9% | 22.2% |
营业利润率FORMZTI
| Q4 25 | 7.6% | 14.5% | ||
| Q3 25 | 16.9% | 12.0% | ||
| Q2 25 | 11.2% | 8.2% | ||
| Q1 25 | 11.6% | 10.9% | ||
| Q4 24 | 8.7% | 14.9% | ||
| Q3 24 | 19.7% | 12.0% | ||
| Q2 24 | 16.2% | 9.2% | ||
| Q1 24 | 17.6% | 7.5% |
净利率FORMZTI
| Q4 25 | 5.6% | 11.4% | ||
| Q3 25 | 13.0% | 9.6% | ||
| Q2 25 | 8.4% | 6.8% | ||
| Q1 25 | 9.0% | 9.0% | ||
| Q4 24 | 6.6% | 9.6% | ||
| Q3 24 | 14.8% | 9.6% | ||
| Q2 24 | 12.2% | 7.7% | ||
| Q1 24 | 13.5% | 6.0% |
每股收益（稀释后）FORMZTI
| Q4 25 | $0.30 | $2.15 | ||
| Q3 25 | $1.70 | $1.71 | ||
| Q2 25 | $0.65 | $1.18 | ||
| Q1 25 | $0.62 | $1.49 | ||
| Q4 24 | $0.32 | $1.78 | ||
| Q3 24 | $1.59 | $1.62 | ||
| Q2 24 | $0.76 | $1.27 | ||
| Q1 24 | $0.89 | $1.03 |
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 | $201.6M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $1.0B |
| 总资产 | $3.2B | $1.3B |
| 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FORMZTI
| Q4 25 | $211.7M | $201.6M | ||
| Q3 25 | $379.2M | $182.2M | ||
| Q2 25 | $189.2M | $161.5M | ||
| Q1 25 | $174.3M | $124.6M | ||
| Q4 24 | $132.0M | $203.1M | ||
| Q3 24 | $481.2M | $135.1M | ||
| Q2 24 | $359.2M | $163.4M | ||
| Q1 24 | $416.2M | $164.8M |
总债务FORMZTI
| 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FORMZTI
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.8B | $1.0B | ||
| Q2 25 | $1.7B | $998.5M | ||
| Q1 25 | $1.6B | $996.2M | ||
| Q4 24 | $1.6B | $979.9M | ||
| Q3 24 | $1.6B | $945.1M | ||
| Q2 24 | $1.5B | $925.8M | ||
| Q1 24 | $1.5B | $912.9M |
总资产FORMZTI
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.1B | $1.3B | ||
| Q2 25 | $3.1B | $1.3B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.8B | $1.2B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.6B | $1.2B |
负债/权益比FORMZTI
| 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 | $88.6M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $70.9M |
| 自由现金流率自由现金流/营收 | -57.5% | 13.7% |
| 资本支出强度资本支出/营收 | 0.0% | 3.4% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.50× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流FORMZTI
| Q4 25 | $-157.0M | $88.6M | ||
| Q3 25 | $256.3M | $69.5M | ||
| Q2 25 | $15.8M | $88.2M | ||
| Q1 25 | $-19.8M | $45.8M | ||
| Q4 24 | $-450.0M | $107.6M | ||
| Q3 24 | $119.2M | $19.9M | ||
| Q2 24 | $-61.7M | $34.1M | ||
| Q1 24 | $-59.2M | $75.9M |
自由现金流FORMZTI
| Q4 25 | $-157.1M | $70.9M | ||
| Q3 25 | $255.6M | $53.9M | ||
| Q2 25 | $15.0M | $73.9M | ||
| Q1 25 | $-20.5M | $30.8M | ||
| Q4 24 | — | $96.6M | ||
| Q3 24 | $118.4M | $2.3M | ||
| Q2 24 | $-62.3M | $18.5M | ||
| Q1 24 | $-59.8M | $61.1M |
自由现金流率FORMZTI
| Q4 25 | -57.5% | 13.7% | ||
| Q3 25 | 38.1% | 10.9% | ||
| Q2 25 | 3.8% | 15.5% | ||
| Q1 25 | -5.8% | 6.7% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | 21.5% | 0.5% | ||
| Q2 24 | -19.6% | 4.1% | ||
| Q1 24 | -17.9% | 13.0% |
资本支出强度FORMZTI
| Q4 25 | 0.0% | 3.4% | ||
| Q3 25 | 0.1% | 3.2% | ||
| Q2 25 | 0.2% | 3.0% | ||
| Q1 25 | 0.2% | 3.3% | ||
| Q4 24 | 0.0% | 2.2% | ||
| Q3 24 | 0.1% | 3.8% | ||
| Q2 24 | 0.2% | 3.4% | ||
| Q1 24 | 0.2% | 3.2% |
现金转化率FORMZTI
| Q4 25 | -10.19× | 1.50× | ||
| Q3 25 | 2.95× | 1.47× | ||
| Q2 25 | 0.48× | 2.71× | ||
| Q1 25 | -0.63× | 1.11× | ||
| Q4 24 | -27.27× | 2.20× | ||
| Q3 24 | 1.46× | 0.45× | ||
| Q2 24 | -1.59× | 0.98× | ||
| Q1 24 | -1.32× | 2.68× |
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% |
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
