vs
Forestar Group Inc.（FOR）与Paymentus Holdings, Inc.（PAY）财务数据对比。点击上方公司名可切换其他公司
Paymentus Holdings, Inc.的季度营收约是Forestar Group Inc.的1.2倍（$330.5M vs $273.0M），Paymentus Holdings, Inc.净利率更高（6.3% vs 5.6%，领先0.6%），Paymentus Holdings, Inc.同比增速更快（28.1% vs 9.0%），Paymentus Holdings, Inc.自由现金流更多（$45.0M vs $-157.1M），过去两年Paymentus Holdings, Inc.的营收复合增速更高（33.7% 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。
Paymentus Holdings, Inc.是领先的云原生账单支付与客户互动技术服务商，面向公用事业、金融服务、政府、医疗、电信等领域企业提供集成数字支付解决方案、账单自动化工具和自助服务门户，核心业务覆盖北美市场。
FOR vs PAY — 直观对比
营收规模更大
PAY
是对方的1.2倍
$273.0M
营收增速更快
PAY
高出19.1%
9.0%
净利率更高
PAY
高出0.6%
5.6%
自由现金流更多
PAY
多$202.1M
$-157.1M
两年增速更快
PAY
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $330.5M |
| 净利润 | $15.4M | $20.7M |
| 毛利率 | 20.1% | 25.4% |
| 营业利润率 | 7.6% | 7.3% |
| 净利率 | 5.6% | 6.3% |
| 营收同比 | 9.0% | 28.1% |
| 净利润同比 | -6.7% | 57.2% |
| 每股收益（稀释后） | $0.30 | $0.16 |
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FORPAY
| Q4 25 | $273.0M | $330.5M | ||
| Q3 25 | $670.5M | $310.7M | ||
| Q2 25 | $390.5M | $280.1M | ||
| Q1 25 | $351.0M | $275.2M | ||
| Q4 24 | $250.4M | $257.9M | ||
| Q3 24 | $551.3M | $231.6M | ||
| Q2 24 | $318.4M | $197.4M | ||
| Q1 24 | $333.8M | $184.9M |
净利润FORPAY
| Q4 25 | $15.4M | $20.7M | ||
| Q3 25 | $86.9M | $17.7M | ||
| Q2 25 | $32.9M | $14.7M | ||
| Q1 25 | $31.6M | $13.8M | ||
| Q4 24 | $16.5M | $13.1M | ||
| Q3 24 | $81.5M | $14.4M | ||
| Q2 24 | $38.7M | $9.4M | ||
| Q1 24 | $45.0M | $7.2M |
毛利率FORPAY
| Q4 25 | 20.1% | 25.4% | ||
| Q3 25 | 22.3% | 24.1% | ||
| Q2 25 | 20.4% | 25.5% | ||
| Q1 25 | 22.6% | 24.0% | ||
| Q4 24 | 22.0% | 25.6% | ||
| Q3 24 | 23.9% | 26.2% | ||
| Q2 24 | 22.5% | 29.8% | ||
| Q1 24 | 24.9% | 28.5% |
营业利润率FORPAY
| Q4 25 | 7.6% | 7.3% | ||
| Q3 25 | 16.9% | 6.4% | ||
| Q2 25 | 11.2% | 5.7% | ||
| Q1 25 | 11.6% | 5.7% | ||
| Q4 24 | 8.7% | 5.5% | ||
| Q3 24 | 19.7% | 5.2% | ||
| Q2 24 | 16.2% | 5.2% | ||
| Q1 24 | 17.6% | 4.5% |
净利率FORPAY
| Q4 25 | 5.6% | 6.3% | ||
| Q3 25 | 13.0% | 5.7% | ||
| Q2 25 | 8.4% | 5.3% | ||
| Q1 25 | 9.0% | 5.0% | ||
| Q4 24 | 6.6% | 5.1% | ||
| Q3 24 | 14.8% | 6.2% | ||
| Q2 24 | 12.2% | 4.7% | ||
| Q1 24 | 13.5% | 3.9% |
每股收益（稀释后）FORPAY
| Q4 25 | $0.30 | $0.16 | ||
| Q3 25 | $1.70 | $0.14 | ||
| Q2 25 | $0.65 | $0.11 | ||
| Q1 25 | $0.62 | $0.11 | ||
| Q4 24 | $0.32 | $0.11 | ||
| Q3 24 | $1.59 | $0.11 | ||
| Q2 24 | $0.76 | $0.07 | ||
| Q1 24 | $0.89 | $0.06 |
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 | $320.9M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $560.4M |
| 总资产 | $3.2B | $667.9M |
| 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FORPAY
| Q4 25 | $211.7M | $320.9M | ||
| Q3 25 | $379.2M | $287.9M | ||
| Q2 25 | $189.2M | $266.4M | ||
| Q1 25 | $174.3M | $245.8M | ||
| Q4 24 | $132.0M | $205.9M | ||
| Q3 24 | $481.2M | $187.5M | ||
| Q2 24 | $359.2M | $188.8M | ||
| Q1 24 | $416.2M | $180.1M |
总债务FORPAY
| 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FORPAY
| Q4 25 | $1.8B | $560.4M | ||
| Q3 25 | $1.8B | $537.4M | ||
| Q2 25 | $1.7B | $516.7M | ||
| Q1 25 | $1.6B | $500.4M | ||
| Q4 24 | $1.6B | $485.6M | ||
| Q3 24 | $1.6B | $468.8M | ||
| Q2 24 | $1.5B | $451.6M | ||
| Q1 24 | $1.5B | $439.4M |
总资产FORPAY
| Q4 25 | $3.2B | $667.9M | ||
| Q3 25 | $3.1B | $644.4M | ||
| Q2 25 | $3.1B | $609.5M | ||
| Q1 25 | $3.0B | $590.9M | ||
| Q4 24 | $3.0B | $576.2M | ||
| Q3 24 | $2.8B | $552.9M | ||
| Q2 24 | $2.7B | $527.7M | ||
| Q1 24 | $2.6B | $514.0M |
负债/权益比FORPAY
| 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 | $45.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $45.0M |
| 自由现金流率自由现金流/营收 | -57.5% | 13.6% |
| 资本支出强度资本支出/营收 | 0.0% | 0.0% |
| 现金转化率经营现金流/净利润 | -10.19× | 2.18× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $161.8M |
8季度趋势，按日历期对齐
经营现金流FORPAY
| Q4 25 | $-157.0M | $45.1M | ||
| Q3 25 | $256.3M | $35.1M | ||
| Q2 25 | $15.8M | $31.5M | ||
| Q1 25 | $-19.8M | $50.4M | ||
| Q4 24 | $-450.0M | $27.9M | ||
| Q3 24 | $119.2M | $6.7M | ||
| Q2 24 | $-61.7M | $18.0M | ||
| Q1 24 | $-59.2M | $11.0M |
自由现金流FORPAY
| Q4 25 | $-157.1M | $45.0M | ||
| Q3 25 | $255.6M | $35.0M | ||
| Q2 25 | $15.0M | $31.4M | ||
| Q1 25 | $-20.5M | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | $118.4M | $6.7M | ||
| Q2 24 | $-62.3M | $17.8M | ||
| Q1 24 | $-59.8M | $10.8M |
自由现金流率FORPAY
| Q4 25 | -57.5% | 13.6% | ||
| Q3 25 | 38.1% | 11.3% | ||
| Q2 25 | 3.8% | 11.2% | ||
| Q1 25 | -5.8% | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 21.5% | 2.9% | ||
| Q2 24 | -19.6% | 9.0% | ||
| Q1 24 | -17.9% | 5.9% |
资本支出强度FORPAY
| Q4 25 | 0.0% | 0.0% | ||
| Q3 25 | 0.1% | 0.0% | ||
| Q2 25 | 0.2% | 0.0% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 0.0% | 0.0% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | 0.2% | 0.1% | ||
| Q1 24 | 0.2% | 0.1% |
现金转化率FORPAY
| Q4 25 | -10.19× | 2.18× | ||
| Q3 25 | 2.95× | 1.98× | ||
| Q2 25 | 0.48× | 2.14× | ||
| Q1 25 | -0.63× | 3.65× | ||
| Q4 24 | -27.27× | 2.12× | ||
| Q3 24 | 1.46× | 0.47× | ||
| Q2 24 | -1.59× | 1.93× | ||
| Q1 24 | -1.32× | 1.52× |
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
