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Forestar Group Inc.（FOR）与Natural Grocers by Vitamin Cottage, Inc.（NGVC）财务数据对比。点击上方公司名可切换其他公司
Natural Grocers by Vitamin Cottage, Inc.的季度营收约是Forestar Group Inc.的1.2倍（$335.6M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 3.4%，领先2.3%），Forestar Group Inc.同比增速更快（9.0% vs 1.6%），Natural Grocers by Vitamin Cottage, Inc.自由现金流更多（$11.6M vs $-157.1M），过去两年Natural Grocers by Vitamin Cottage, Inc.的营收复合增速更高（4.4% 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。
Natural Grocers by Vitamin Cottage, Inc.是美国本土的特色零售连锁企业，主营认证有机食品、膳食补充剂、天然个护及环保家居类产品，面向健康意识较强的消费群体，门店覆盖美国多州，执行严格品控标准，拒绝售卖含人工添加剂的商品。
FOR vs NGVC — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $335.6M |
| 净利润 | $15.4M | $11.3M |
| 毛利率 | 20.1% | 29.5% |
| 营业利润率 | 7.6% | 4.4% |
| 净利率 | 5.6% | 3.4% |
| 营收同比 | 9.0% | 1.6% |
| 净利润同比 | -6.7% | 14.0% |
| 每股收益（稀释后） | $0.30 | $0.49 |
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
| Q4 25 | $273.0M | $335.6M | ||
| Q3 25 | $670.5M | $336.1M | ||
| Q2 25 | $390.5M | $328.7M | ||
| Q1 25 | $351.0M | $335.8M | ||
| Q4 24 | $250.4M | $330.2M | ||
| Q3 24 | $551.3M | $322.7M | ||
| Q2 24 | $318.4M | $309.1M | ||
| Q1 24 | $333.8M | $308.1M |
| Q4 25 | $15.4M | $11.3M | ||
| Q3 25 | $86.9M | $11.8M | ||
| Q2 25 | $32.9M | $11.6M | ||
| Q1 25 | $31.6M | $13.1M | ||
| Q4 24 | $16.5M | $9.9M | ||
| Q3 24 | $81.5M | $9.0M | ||
| Q2 24 | $38.7M | $9.2M | ||
| Q1 24 | $45.0M | $8.0M |
| Q4 25 | 20.1% | 29.5% | ||
| Q3 25 | 22.3% | 29.5% | ||
| Q2 25 | 20.4% | 29.9% | ||
| Q1 25 | 22.6% | 30.3% | ||
| Q4 24 | 22.0% | 29.9% | ||
| Q3 24 | 23.9% | 29.6% | ||
| Q2 24 | 22.5% | 29.2% | ||
| Q1 24 | 24.9% | 29.3% |
| Q4 25 | 7.6% | 4.4% | ||
| Q3 25 | 16.9% | 4.6% | ||
| Q2 25 | 11.2% | 4.7% | ||
| Q1 25 | 11.6% | 5.2% | ||
| Q4 24 | 8.7% | 4.0% | ||
| Q3 24 | 19.7% | 3.7% | ||
| Q2 24 | 16.2% | 4.2% | ||
| Q1 24 | 17.6% | 3.7% |
| Q4 25 | 5.6% | 3.4% | ||
| Q3 25 | 13.0% | 3.5% | ||
| Q2 25 | 8.4% | 3.5% | ||
| Q1 25 | 9.0% | 3.9% | ||
| Q4 24 | 6.6% | 3.0% | ||
| Q3 24 | 14.8% | 2.8% | ||
| Q2 24 | 12.2% | 3.0% | ||
| Q1 24 | 13.5% | 2.6% |
| Q4 25 | $0.30 | $0.49 | ||
| Q3 25 | $1.70 | $0.51 | ||
| Q2 25 | $0.65 | $0.50 | ||
| Q1 25 | $0.62 | $0.56 | ||
| Q4 24 | $0.32 | $0.43 | ||
| Q3 24 | $1.59 | $0.38 | ||
| Q2 24 | $0.76 | $0.40 | ||
| Q1 24 | $0.89 | $0.35 |
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 | $23.2M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $220.0M |
| 总资产 | $3.2B | $668.6M |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
| Q4 25 | $211.7M | $23.2M | ||
| Q3 25 | $379.2M | $17.1M | ||
| Q2 25 | $189.2M | $13.2M | ||
| Q1 25 | $174.3M | $21.2M | ||
| Q4 24 | $132.0M | $6.3M | ||
| Q3 24 | $481.2M | $8.9M | ||
| Q2 24 | $359.2M | $13.9M | ||
| Q1 24 | $416.2M | $11.0M |
| 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 | — |
| Q4 25 | $1.8B | $220.0M | ||
| Q3 25 | $1.8B | $212.4M | ||
| Q2 25 | $1.7B | $202.5M | ||
| Q1 25 | $1.6B | $193.0M | ||
| Q4 24 | $1.6B | $181.9M | ||
| Q3 24 | $1.6B | $174.3M | ||
| Q2 24 | $1.5B | $167.8M | ||
| Q1 24 | $1.5B | $160.0M |
| Q4 25 | $3.2B | $668.6M | ||
| Q3 25 | $3.1B | $670.5M | ||
| Q2 25 | $3.1B | $659.0M | ||
| Q1 25 | $3.0B | $664.6M | ||
| Q4 24 | $3.0B | $648.9M | ||
| Q3 24 | $2.8B | $655.5M | ||
| Q2 24 | $2.7B | $654.4M | ||
| Q1 24 | $2.6B | $656.6M |
| 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 | $21.1M |
| 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% | 3.4% |
| 资本支出强度资本支出/营收 | 0.0% | 2.9% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.86× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $42.6M |
8季度趋势，按日历期对齐
| Q4 25 | $-157.0M | $21.1M | ||
| Q3 25 | $256.3M | $15.6M | ||
| Q2 25 | $15.8M | $2.9M | ||
| Q1 25 | $-19.8M | $34.1M | ||
| Q4 24 | $-450.0M | $2.7M | ||
| Q3 24 | $119.2M | $24.5M | ||
| Q2 24 | $-61.7M | $12.4M | ||
| Q1 24 | $-59.2M | $20.2M |
| Q4 25 | $-157.1M | $11.6M | ||
| Q3 25 | $255.6M | $7.5M | ||
| Q2 25 | $15.0M | $-4.2M | ||
| Q1 25 | $-20.5M | $27.6M | ||
| Q4 24 | — | $-6.9M | ||
| Q3 24 | $118.4M | $18.0M | ||
| Q2 24 | $-62.3M | $3.6M | ||
| Q1 24 | $-59.8M | $9.8M |
| Q4 25 | -57.5% | 3.4% | ||
| Q3 25 | 38.1% | 2.2% | ||
| Q2 25 | 3.8% | -1.3% | ||
| Q1 25 | -5.8% | 8.2% | ||
| Q4 24 | — | -2.1% | ||
| Q3 24 | 21.5% | 5.6% | ||
| Q2 24 | -19.6% | 1.2% | ||
| Q1 24 | -17.9% | 3.2% |
| Q4 25 | 0.0% | 2.9% | ||
| Q3 25 | 0.1% | 2.4% | ||
| Q2 25 | 0.2% | 2.2% | ||
| Q1 25 | 0.2% | 1.9% | ||
| Q4 24 | 0.0% | 2.9% | ||
| Q3 24 | 0.1% | 2.0% | ||
| Q2 24 | 0.2% | 2.9% | ||
| Q1 24 | 0.2% | 3.4% |
| Q4 25 | -10.19× | 1.86× | ||
| Q3 25 | 2.95× | 1.32× | ||
| Q2 25 | 0.48× | 0.25× | ||
| Q1 25 | -0.63× | 2.60× | ||
| Q4 24 | -27.27× | 0.27× | ||
| Q3 24 | 1.46× | 2.72× | ||
| Q2 24 | -1.59× | 1.35× | ||
| Q1 24 | -1.32× | 2.54× |
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% |
NGVC
| Grocery | $243.8M | 73% |
| Dietary Supplements | $60.7M | 18% |
| Manufactured Product Other | $31.0M | 9% |
