vs
Forestar Group Inc.（FOR）与Ingevity Corp（NGVT）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Ingevity Corp的1.5倍（$273.0M vs $185.4M），Forestar Group Inc.净利率更高（5.6% vs -45.6%，领先51.3%），Ingevity Corp同比增速更快（36.7% vs 9.0%），Ingevity Corp自由现金流更多（$73.5M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -26.2%）
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。
Ingevity Corp是一家全球特种化学品与先进材料生产商，主营高性能碳材料、路面养护解决方案及特种化工产品，服务汽车排放控制、工业净化、道路基建、农业投入品等核心市场，业务覆盖北美、欧洲及亚太地区。
FOR vs NGVT — 直观对比
营收规模更大
FOR
是对方的1.5倍
$185.4M
营收增速更快
NGVT
高出27.7%
9.0%
净利率更高
FOR
高出51.3%
-45.6%
自由现金流更多
NGVT
多$230.6M
$-157.1M
两年增速更快
FOR
近两年复合增速
-26.2%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $185.4M |
| 净利润 | $15.4M | $-84.6M |
| 毛利率 | 20.1% | 41.2% |
| 营业利润率 | 7.6% | -47.7% |
| 净利率 | 5.6% | -45.6% |
| 营收同比 | 9.0% | 36.7% |
| 净利润同比 | -6.7% | -609.6% |
| 每股收益（稀释后） | $0.30 | $-2.33 |
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FORNGVT
| Q4 25 | $273.0M | $185.4M | ||
| Q3 25 | $670.5M | $333.1M | ||
| Q2 25 | $390.5M | $365.1M | ||
| Q1 25 | $351.0M | $284.0M | ||
| Q4 24 | $250.4M | $135.6M | ||
| Q3 24 | $551.3M | $333.8M | ||
| Q2 24 | $318.4M | $390.6M | ||
| Q1 24 | $333.8M | $340.1M |
净利润FORNGVT
| Q4 25 | $15.4M | $-84.6M | ||
| Q3 25 | $86.9M | $43.5M | ||
| Q2 25 | $32.9M | $-146.5M | ||
| Q1 25 | $31.6M | $20.5M | ||
| Q4 24 | $16.5M | $16.6M | ||
| Q3 24 | $81.5M | $-107.2M | ||
| Q2 24 | $38.7M | $-283.7M | ||
| Q1 24 | $45.0M | $-56.0M |
毛利率FORNGVT
| Q4 25 | 20.1% | 41.2% | ||
| Q3 25 | 22.3% | 40.2% | ||
| Q2 25 | 20.4% | 37.8% | ||
| Q1 25 | 22.6% | 39.9% | ||
| Q4 24 | 22.0% | 81.3% | ||
| Q3 24 | 23.9% | 39.4% | ||
| Q2 24 | 22.5% | 31.5% | ||
| Q1 24 | 24.9% | 29.3% |
营业利润率FORNGVT
| Q4 25 | 7.6% | -47.7% | ||
| Q3 25 | 16.9% | 18.7% | ||
| Q2 25 | 11.2% | -39.1% | ||
| Q1 25 | 11.6% | 9.4% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | 33.0% | ||
| Q2 24 | 16.2% | 25.9% | ||
| Q1 24 | 17.6% | 22.6% |
净利率FORNGVT
| Q4 25 | 5.6% | -45.6% | ||
| Q3 25 | 13.0% | 13.1% | ||
| Q2 25 | 8.4% | -40.1% | ||
| Q1 25 | 9.0% | 7.2% | ||
| Q4 24 | 6.6% | 12.2% | ||
| Q3 24 | 14.8% | -32.1% | ||
| Q2 24 | 12.2% | -72.6% | ||
| Q1 24 | 13.5% | -16.5% |
每股收益（稀释后）FORNGVT
| Q4 25 | $0.30 | $-2.33 | ||
| Q3 25 | $1.70 | $1.18 | ||
| Q2 25 | $0.65 | $-4.02 | ||
| Q1 25 | $0.62 | $0.56 | ||
| Q4 24 | $0.32 | $0.44 | ||
| Q3 24 | $1.59 | $-2.94 | ||
| Q2 24 | $0.76 | $-7.81 | ||
| Q1 24 | $0.89 | $-1.54 |
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 | $78.1M |
| 总债务越低越好 | $793.2M | $1.2B |
| 股东权益账面价值 | $1.8B | $29.7M |
| 总资产 | $3.2B | $1.7B |
| 负债/权益比越低杠杆越低 | 0.44× | 39.10× |
8季度趋势，按日历期对齐
现金及短期投资FORNGVT
| Q4 25 | $211.7M | $78.1M | ||
| Q3 25 | $379.2M | $83.4M | ||
| Q2 25 | $189.2M | $76.9M | ||
| Q1 25 | $174.3M | $71.5M | ||
| Q4 24 | $132.0M | $68.0M | ||
| Q3 24 | $481.2M | $135.5M | ||
| Q2 24 | $359.2M | $107.4M | ||
| Q1 24 | $416.2M | $88.5M |
总债务FORNGVT
| Q4 25 | $793.2M | $1.2B | ||
| Q3 25 | $802.7M | $1.2B | ||
| Q2 25 | $872.8M | $1.2B | ||
| Q1 25 | $872.5M | $1.3B | ||
| Q4 24 | $806.8M | $1.3B | ||
| Q3 24 | $706.4M | $1.4B | ||
| Q2 24 | $706.1M | $1.4B | ||
| Q1 24 | $705.7M | $1.4B |
股东权益FORNGVT
| Q4 25 | $1.8B | $29.7M | ||
| Q3 25 | $1.8B | $138.1M | ||
| Q2 25 | $1.7B | $120.7M | ||
| Q1 25 | $1.6B | $234.6M | ||
| Q4 24 | $1.6B | $195.2M | ||
| Q3 24 | $1.6B | $214.5M | ||
| Q2 24 | $1.5B | $284.8M | ||
| Q1 24 | $1.5B | $568.2M |
总资产FORNGVT
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $3.1B | $1.9B | ||
| Q1 25 | $3.0B | $2.1B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.7B | $2.3B | ||
| Q1 24 | $2.6B | $2.6B |
负债/权益比FORNGVT
| Q4 25 | 0.44× | 39.10× | ||
| Q3 25 | 0.45× | 8.39× | ||
| Q2 25 | 0.52× | 10.24× | ||
| Q1 25 | 0.53× | 5.68× | ||
| Q4 24 | 0.50× | 6.86× | ||
| Q3 24 | 0.44× | 6.52× | ||
| Q2 24 | 0.47× | 4.92× | ||
| Q1 24 | 0.48× | 2.48× |
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 | $97.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $73.5M |
| 自由现金流率自由现金流/营收 | -57.5% | 39.6% |
| 资本支出强度资本支出/营收 | 0.0% | 12.7% |
| 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 | $273.5M |
8季度趋势，按日历期对齐
经营现金流FORNGVT
| Q4 25 | $-157.0M | $97.1M | ||
| Q3 25 | $256.3M | $129.7M | ||
| Q2 25 | $15.8M | $79.0M | ||
| Q1 25 | $-19.8M | $25.4M | ||
| Q4 24 | $-450.0M | $64.5M | ||
| Q3 24 | $119.2M | $46.5M | ||
| Q2 24 | $-61.7M | $29.7M | ||
| Q1 24 | $-59.2M | $-12.1M |
自由现金流FORNGVT
| Q4 25 | $-157.1M | $73.5M | ||
| Q3 25 | $255.6M | $117.8M | ||
| Q2 25 | $15.0M | $66.8M | ||
| Q1 25 | $-20.5M | $15.4M | ||
| Q4 24 | — | $39.6M | ||
| Q3 24 | $118.4M | $28.5M | ||
| Q2 24 | $-62.3M | $11.6M | ||
| Q1 24 | $-59.8M | $-28.7M |
自由现金流率FORNGVT
| Q4 25 | -57.5% | 39.6% | ||
| Q3 25 | 38.1% | 35.4% | ||
| Q2 25 | 3.8% | 18.3% | ||
| Q1 25 | -5.8% | 5.4% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | 21.5% | 8.5% | ||
| Q2 24 | -19.6% | 3.0% | ||
| Q1 24 | -17.9% | -8.4% |
资本支出强度FORNGVT
| Q4 25 | 0.0% | 12.7% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 0.2% | 3.3% | ||
| Q1 25 | 0.2% | 3.5% | ||
| Q4 24 | 0.0% | 18.4% | ||
| Q3 24 | 0.1% | 5.4% | ||
| Q2 24 | 0.2% | 4.6% | ||
| Q1 24 | 0.2% | 4.9% |
现金转化率FORNGVT
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 2.98× | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | 1.24× | ||
| Q4 24 | -27.27× | 3.89× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | — |
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% |
NGVT
| Performance Materials | $151.2M | 82% |
| Advanced Polymer Technologies Segment | $36.5M | 20% |
