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Forestar Group Inc.（FOR）与PROCORE TECHNOLOGIES, INC.（PCOR）财务数据对比。点击上方公司名可切换其他公司
PROCORE TECHNOLOGIES, INC.的季度营收约是Forestar Group Inc.的1.3倍（$349.1M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -10.8%，领先16.4%），PROCORE TECHNOLOGIES, INC.同比增速更快（15.6% vs 9.0%），PROCORE TECHNOLOGIES, INC.自由现金流更多（$109.2M vs $-157.1M），过去两年PROCORE TECHNOLOGIES, INC.的营收复合增速更高（13.8% 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。
Procore Technologies是2002年成立的美国建筑管理软件即服务（SaaS）企业，总部位于加利福尼亚州卡平特里亚。公司打造的全球平台可连接建筑行业从业者，支持搭建简化工作流，统一展现建筑项目信息，覆盖任务追踪、项目流程管理、日程排期等核心功能。
FOR vs PCOR — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $349.1M |
| 净利润 | $15.4M | $-37.6M |
| 毛利率 | 20.1% | 80.1% |
| 营业利润率 | 7.6% | -12.3% |
| 净利率 | 5.6% | -10.8% |
| 营收同比 | 9.0% | 15.6% |
| 净利润同比 | -6.7% | 39.6% |
| 每股收益（稀释后） | $0.30 | $-0.25 |
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 | $349.1M | ||
| Q3 25 | $670.5M | $338.9M | ||
| Q2 25 | $390.5M | $323.9M | ||
| Q1 25 | $351.0M | $310.6M | ||
| Q4 24 | $250.4M | $302.0M | ||
| Q3 24 | $551.3M | $295.9M | ||
| Q2 24 | $318.4M | $284.3M | ||
| Q1 24 | $333.8M | $269.4M |
| Q4 25 | $15.4M | $-37.6M | ||
| Q3 25 | $86.9M | $-9.1M | ||
| Q2 25 | $32.9M | $-21.1M | ||
| Q1 25 | $31.6M | $-33.0M | ||
| Q4 24 | $16.5M | $-62.3M | ||
| Q3 24 | $81.5M | $-26.4M | ||
| Q2 24 | $38.7M | $-6.3M | ||
| Q1 24 | $45.0M | $-11.0M |
| Q4 25 | 20.1% | 80.1% | ||
| Q3 25 | 22.3% | 79.7% | ||
| Q2 25 | 20.4% | 79.1% | ||
| Q1 25 | 22.6% | 79.1% | ||
| Q4 24 | 22.0% | 81.2% | ||
| Q3 24 | 23.9% | 81.4% | ||
| Q2 24 | 22.5% | 83.1% | ||
| Q1 24 | 24.9% | 83.0% |
| Q4 25 | 7.6% | -12.3% | ||
| Q3 25 | 16.9% | -4.4% | ||
| Q2 25 | 11.2% | -9.3% | ||
| Q1 25 | 11.6% | -11.7% | ||
| Q4 24 | 8.7% | -21.9% | ||
| Q3 24 | 19.7% | -12.3% | ||
| Q2 24 | 16.2% | -5.2% | ||
| Q1 24 | 17.6% | -7.0% |
| Q4 25 | 5.6% | -10.8% | ||
| Q3 25 | 13.0% | -2.7% | ||
| Q2 25 | 8.4% | -6.5% | ||
| Q1 25 | 9.0% | -10.6% | ||
| Q4 24 | 6.6% | -20.6% | ||
| Q3 24 | 14.8% | -8.9% | ||
| Q2 24 | 12.2% | -2.2% | ||
| Q1 24 | 13.5% | -4.1% |
| Q4 25 | $0.30 | $-0.25 | ||
| Q3 25 | $1.70 | $-0.06 | ||
| Q2 25 | $0.65 | $-0.14 | ||
| Q1 25 | $0.62 | $-0.22 | ||
| Q4 24 | $0.32 | $-0.42 | ||
| Q3 24 | $1.59 | $-0.18 | ||
| Q2 24 | $0.76 | $-0.04 | ||
| Q1 24 | $0.89 | $-0.08 |
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 | $768.5M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $1.3B |
| 总资产 | $3.2B | $2.2B |
| 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 | $768.5M | ||
| Q3 25 | $379.2M | $684.0M | ||
| Q2 25 | $189.2M | $620.9M | ||
| Q1 25 | $174.3M | $566.7M | ||
| Q4 24 | $132.0M | $775.4M | ||
| Q3 24 | $481.2M | $756.9M | ||
| Q2 24 | $359.2M | $735.4M | ||
| Q1 24 | $416.2M | $744.6M |
| 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 | $1.3B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.6B | $1.2B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.5B | $1.2B |
| Q4 25 | $3.2B | $2.2B | ||
| Q3 25 | $3.1B | $2.1B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | $2.1B | ||
| Q3 24 | $2.8B | $2.0B | ||
| Q2 24 | $2.7B | $2.0B | ||
| Q1 24 | $2.6B | $1.9B |
| 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 | $114.9M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $109.2M |
| 自由现金流率自由现金流/营收 | -57.5% | 31.3% |
| 资本支出强度资本支出/营收 | 0.0% | 1.6% |
| 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 | $282.2M |
8季度趋势，按日历期对齐
| Q4 25 | $-157.0M | $114.9M | ||
| Q3 25 | $256.3M | $88.5M | ||
| Q2 25 | $15.8M | $30.8M | ||
| Q1 25 | $-19.8M | $66.0M | ||
| Q4 24 | $-450.0M | $29.1M | ||
| Q3 24 | $119.2M | $39.3M | ||
| Q2 24 | $-61.7M | $58.7M | ||
| Q1 24 | $-59.2M | $69.1M |
| Q4 25 | $-157.1M | $109.2M | ||
| Q3 25 | $255.6M | $83.1M | ||
| Q2 25 | $15.0M | $27.9M | ||
| Q1 25 | $-20.5M | $62.0M | ||
| Q4 24 | — | $17.4M | ||
| Q3 24 | $118.4M | $35.7M | ||
| Q2 24 | $-62.3M | $56.8M | ||
| Q1 24 | $-59.8M | $67.1M |
| Q4 25 | -57.5% | 31.3% | ||
| Q3 25 | 38.1% | 24.5% | ||
| Q2 25 | 3.8% | 8.6% | ||
| Q1 25 | -5.8% | 20.0% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 21.5% | 12.1% | ||
| Q2 24 | -19.6% | 20.0% | ||
| Q1 24 | -17.9% | 24.9% |
| Q4 25 | 0.0% | 1.6% | ||
| Q3 25 | 0.1% | 1.6% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.2% | 1.3% | ||
| Q4 24 | 0.0% | 3.9% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 0.2% | 0.8% |
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| 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% |
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 15% |
