vs
Forestar Group Inc.（FOR）与OUTFRONT Media Inc.（OUT）财务数据对比。点击上方公司名可切换其他公司
OUTFRONT Media Inc.的季度营收约是Forestar Group Inc.的1.9倍（$513.3M vs $273.0M），OUTFRONT Media Inc.净利率更高（18.9% vs 5.6%，领先13.2%），Forestar Group Inc.同比增速更快（9.0% vs 4.1%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $-157.1M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% 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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
FOR vs OUT — 直观对比
营收规模更大
OUT
是对方的1.9倍
$273.0M
营收增速更快
FOR
高出5.0%
4.1%
净利率更高
OUT
高出13.2%
5.6%
自由现金流更多
OUT
多$250.4M
$-157.1M
两年增速更快
OUT
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $513.3M |
| 净利润 | $15.4M | $96.8M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 26.0% |
| 净利率 | 5.6% | 18.9% |
| 营收同比 | 9.0% | 4.1% |
| 净利润同比 | -6.7% | 30.8% |
| 每股收益（稀释后） | $0.30 | $0.57 |
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FOROUT
| Q4 25 | $273.0M | $513.3M | ||
| Q3 25 | $670.5M | $467.5M | ||
| Q2 25 | $390.5M | $460.2M | ||
| Q1 25 | $351.0M | $390.7M | ||
| Q4 24 | $250.4M | $493.2M | ||
| Q3 24 | $551.3M | $451.9M | ||
| Q2 24 | $318.4M | $477.3M | ||
| Q1 24 | $333.8M | $408.5M |
净利润FOROUT
| Q4 25 | $15.4M | $96.8M | ||
| Q3 25 | $86.9M | $51.3M | ||
| Q2 25 | $32.9M | $19.5M | ||
| Q1 25 | $31.6M | $-20.6M | ||
| Q4 24 | $16.5M | $74.0M | ||
| Q3 24 | $81.5M | $34.6M | ||
| Q2 24 | $38.7M | $176.8M | ||
| Q1 24 | $45.0M | $-27.2M |
毛利率FOROUT
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FOROUT
| Q4 25 | 7.6% | 26.0% | ||
| Q3 25 | 16.9% | 19.2% | ||
| Q2 25 | 11.2% | 12.2% | ||
| Q1 25 | 11.6% | 3.6% | ||
| Q4 24 | 8.7% | 22.5% | ||
| Q3 24 | 19.7% | 15.8% | ||
| Q2 24 | 16.2% | 48.0% | ||
| Q1 24 | 17.6% | 3.4% |
净利率FOROUT
| Q4 25 | 5.6% | 18.9% | ||
| Q3 25 | 13.0% | 11.0% | ||
| Q2 25 | 8.4% | 4.2% | ||
| Q1 25 | 9.0% | -5.3% | ||
| Q4 24 | 6.6% | 15.0% | ||
| Q3 24 | 14.8% | 7.7% | ||
| Q2 24 | 12.2% | 37.0% | ||
| Q1 24 | 13.5% | -6.7% |
每股收益（稀释后）FOROUT
| Q4 25 | $0.30 | $0.57 | ||
| Q3 25 | $1.70 | $0.29 | ||
| Q2 25 | $0.65 | $0.10 | ||
| Q1 25 | $0.62 | $-0.14 | ||
| Q4 24 | $0.32 | $0.49 | ||
| Q3 24 | $1.59 | $0.19 | ||
| Q2 24 | $0.76 | $1.01 | ||
| Q1 24 | $0.89 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $710.4M |
| 总资产 | $3.2B | $5.3B |
| 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FOROUT
| Q4 25 | $211.7M | $99.9M | ||
| Q3 25 | $379.2M | $63.0M | ||
| Q2 25 | $189.2M | $28.5M | ||
| Q1 25 | $174.3M | $30.5M | ||
| Q4 24 | $132.0M | $46.9M | ||
| Q3 24 | $481.2M | $28.0M | ||
| Q2 24 | $359.2M | $49.6M | ||
| Q1 24 | $416.2M | $42.4M |
总债务FOROUT
| 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FOROUT
| Q4 25 | $1.8B | $710.4M | ||
| Q3 25 | $1.8B | $542.6M | ||
| Q2 25 | $1.7B | $539.1M | ||
| Q1 25 | $1.6B | $566.9M | ||
| Q4 24 | $1.6B | $649.0M | ||
| Q3 24 | $1.6B | $618.2M | ||
| Q2 24 | $1.5B | $664.9M | ||
| Q1 24 | $1.5B | $524.2M |
总资产FOROUT
| Q4 25 | $3.2B | $5.3B | ||
| Q3 25 | $3.1B | $5.2B | ||
| Q2 25 | $3.1B | $5.1B | ||
| Q1 25 | $3.0B | $5.1B | ||
| Q4 24 | $3.0B | $5.2B | ||
| Q3 24 | $2.8B | $5.2B | ||
| Q2 24 | $2.7B | $5.3B | ||
| Q1 24 | $2.6B | $5.5B |
负债/权益比FOROUT
| 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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $93.3M |
| 自由现金流率自由现金流/营收 | -57.5% | 18.2% |
| 资本支出强度资本支出/营收 | 0.0% | 4.8% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $218.8M |
8季度趋势，按日历期对齐
经营现金流FOROUT
| Q4 25 | $-157.0M | $118.1M | ||
| Q3 25 | $256.3M | $88.8M | ||
| Q2 25 | $15.8M | $67.1M | ||
| Q1 25 | $-19.8M | $33.6M | ||
| Q4 24 | $-450.0M | $124.5M | ||
| Q3 24 | $119.2M | $73.1M | ||
| Q2 24 | $-61.7M | $71.0M | ||
| Q1 24 | $-59.2M | $30.6M |
自由现金流FOROUT
| Q4 25 | $-157.1M | $93.3M | ||
| Q3 25 | $255.6M | $67.7M | ||
| Q2 25 | $15.0M | $41.4M | ||
| Q1 25 | $-20.5M | $16.4M | ||
| Q4 24 | — | $106.3M | ||
| Q3 24 | $118.4M | $55.5M | ||
| Q2 24 | $-62.3M | $47.1M | ||
| Q1 24 | $-59.8M | $12.2M |
自由现金流率FOROUT
| Q4 25 | -57.5% | 18.2% | ||
| Q3 25 | 38.1% | 14.5% | ||
| Q2 25 | 3.8% | 9.0% | ||
| Q1 25 | -5.8% | 4.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 21.5% | 12.3% | ||
| Q2 24 | -19.6% | 9.9% | ||
| Q1 24 | -17.9% | 3.0% |
资本支出强度FOROUT
| Q4 25 | 0.0% | 4.8% | ||
| Q3 25 | 0.1% | 4.5% | ||
| Q2 25 | 0.2% | 5.6% | ||
| Q1 25 | 0.2% | 4.4% | ||
| Q4 24 | 0.0% | 3.7% | ||
| Q3 24 | 0.1% | 3.9% | ||
| Q2 24 | 0.2% | 5.0% | ||
| Q1 24 | 0.2% | 4.5% |
现金转化率FOROUT
| Q4 25 | -10.19× | 1.22× | ||
| Q3 25 | 2.95× | 1.73× | ||
| Q2 25 | 0.48× | 3.44× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | 1.68× | ||
| Q3 24 | 1.46× | 2.11× | ||
| Q2 24 | -1.59× | 0.40× | ||
| 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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
