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Forestar Group Inc.（FOR）与PennyMac Financial Services, Inc.（PFSI）财务数据对比。点击上方公司名可切换其他公司
PennyMac Financial Services, Inc.的季度营收约是Forestar Group Inc.的2.0倍（$538.0M vs $273.0M），PennyMac Financial Services, Inc.净利率更高（1752.5% vs 5.6%，领先1746.8%），PennyMac Financial Services, Inc.同比增速更快（14.4% vs 9.0%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-1.7B），过去两年PennyMac Financial Services, Inc.的营收复合增速更高（32.7% 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。
PennyMac Financial Services是总部位于美国加利福尼亚州西湖村的住宅抵押贷款企业，核心业务涵盖美国抵押贷款的发放、贷后服务，以及抵押贷款市场相关投资管理。公司下设两家子公司，其中PNMAC资本管理有限公司负责运营旗下的抵押贷款不动产投资信托（REIT）PennyMac Mortgage Investment Trust。
FOR vs PFSI — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $538.0M |
| 净利润 | $15.4M | $106.8M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 25.0% |
| 净利率 | 5.6% | 1752.5% |
| 营收同比 | 9.0% | 14.4% |
| 净利润同比 | -6.7% | 2.2% |
| 每股收益（稀释后） | $0.30 | $1.97 |
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 | $538.0M | ||
| Q3 25 | $670.5M | $632.9M | ||
| Q2 25 | $390.5M | $444.7M | ||
| Q1 25 | $351.0M | $430.9M | ||
| Q4 24 | $250.4M | $470.1M | ||
| Q3 24 | $551.3M | $411.8M | ||
| Q2 24 | $318.4M | $406.1M | ||
| Q1 24 | $333.8M | $305.7M |
| Q4 25 | $15.4M | $106.8M | ||
| Q3 25 | $86.9M | $181.5M | ||
| Q2 25 | $32.9M | $136.5M | ||
| Q1 25 | $31.6M | $76.3M | ||
| Q4 24 | $16.5M | $104.5M | ||
| Q3 24 | $81.5M | $69.4M | ||
| Q2 24 | $38.7M | $98.3M | ||
| Q1 24 | $45.0M | $39.3M |
| 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% | — |
| Q4 25 | 7.6% | 25.0% | ||
| Q3 25 | 16.9% | 37.3% | ||
| Q2 25 | 11.2% | 17.2% | ||
| Q1 25 | 11.6% | 24.2% | ||
| Q4 24 | 8.7% | 27.5% | ||
| Q3 24 | 19.7% | 22.8% | ||
| Q2 24 | 16.2% | 33.0% | ||
| Q1 24 | 17.6% | 14.4% |
| Q4 25 | 5.6% | 1752.5% | ||
| Q3 25 | 13.0% | 28.7% | ||
| Q2 25 | 8.4% | 30.7% | ||
| Q1 25 | 9.0% | 17.7% | ||
| Q4 24 | 6.6% | 2559.8% | ||
| Q3 24 | 14.8% | 16.8% | ||
| Q2 24 | 12.2% | 24.2% | ||
| Q1 24 | 13.5% | 12.9% |
| Q4 25 | $0.30 | $1.97 | ||
| Q3 25 | $1.70 | $3.37 | ||
| Q2 25 | $0.65 | $2.54 | ||
| Q1 25 | $0.62 | $1.42 | ||
| Q4 24 | $0.32 | $1.95 | ||
| Q3 24 | $1.59 | $1.30 | ||
| Q2 24 | $0.76 | $1.85 | ||
| Q1 24 | $0.89 | $0.74 |
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 | $410.0M |
| 总债务越低越好 | $793.2M | $6.2B |
| 股东权益账面价值 | $1.8B | $4.3B |
| 总资产 | $3.2B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.44× | 1.45× |
8季度趋势，按日历期对齐
| Q4 25 | $211.7M | $410.0M | ||
| Q3 25 | $379.2M | $62.2M | ||
| Q2 25 | $189.2M | $462.3M | ||
| Q1 25 | $174.3M | $443.4M | ||
| Q4 24 | $132.0M | $420.6M | ||
| Q3 24 | $481.2M | $667.9M | ||
| Q2 24 | $359.2M | $188.8M | ||
| Q1 24 | $416.2M | $69.0K |
| Q4 25 | $793.2M | $6.2B | ||
| Q3 25 | $802.7M | $6.2B | ||
| Q2 25 | $872.8M | $5.6B | ||
| Q1 25 | $872.5M | $5.8B | ||
| Q4 24 | $806.8M | $5.3B | ||
| Q3 24 | $706.4M | $4.9B | ||
| Q2 24 | $706.1M | $4.9B | ||
| Q1 24 | $705.7M | $4.5B |
| Q4 25 | $1.8B | $4.3B | ||
| Q3 25 | $1.8B | $4.2B | ||
| Q2 25 | $1.7B | $4.0B | ||
| Q1 25 | $1.6B | $3.9B | ||
| Q4 24 | $1.6B | $3.8B | ||
| Q3 24 | $1.6B | $3.7B | ||
| Q2 24 | $1.5B | $3.7B | ||
| Q1 24 | $1.5B | $3.6B |
| Q4 25 | $3.2B | $29.4B | ||
| Q3 25 | $3.1B | $25.4B | ||
| Q2 25 | $3.1B | $24.2B | ||
| Q1 25 | $3.0B | $23.9B | ||
| Q4 24 | $3.0B | $26.1B | ||
| Q3 24 | $2.8B | $22.9B | ||
| Q2 24 | $2.7B | $21.6B | ||
| Q1 24 | $2.6B | $19.8B |
| Q4 25 | 0.44× | 1.45× | ||
| Q3 25 | 0.45× | 1.48× | ||
| Q2 25 | 0.52× | 1.38× | ||
| Q1 25 | 0.53× | 1.48× | ||
| Q4 24 | 0.50× | 1.37× | ||
| Q3 24 | 0.44× | 1.32× | ||
| Q2 24 | 0.47× | 1.35× | ||
| Q1 24 | 0.48× | 1.27× |
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 | $-1.7B |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-1.7B |
| 自由现金流率自由现金流/营收 | -57.5% | -309.3% |
| 资本支出强度资本支出/营收 | 0.0% | 2.2% |
| 现金转化率经营现金流/净利润 | -10.19× | -15.46× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $-1.4B |
8季度趋势，按日历期对齐
| Q4 25 | $-157.0M | $-1.7B | ||
| Q3 25 | $256.3M | $-697.4M | ||
| Q2 25 | $15.8M | $-131.3M | ||
| Q1 25 | $-19.8M | $1.1B | ||
| Q4 24 | $-450.0M | $-4.5B | ||
| Q3 24 | $119.2M | $-393.7M | ||
| Q2 24 | $-61.7M | $-1.1B | ||
| Q1 24 | $-59.2M | $-897.9M |
| Q4 25 | $-157.1M | $-1.7B | ||
| Q3 25 | $255.6M | $-699.4M | ||
| Q2 25 | $15.0M | $-132.6M | ||
| Q1 25 | $-20.5M | $1.1B | ||
| Q4 24 | — | $-4.5B | ||
| Q3 24 | $118.4M | $-393.9M | ||
| Q2 24 | $-62.3M | $-1.1B | ||
| Q1 24 | $-59.8M | $-898.9M |
| Q4 25 | -57.5% | -309.3% | ||
| Q3 25 | 38.1% | -110.5% | ||
| Q2 25 | 3.8% | -29.8% | ||
| Q1 25 | -5.8% | 247.3% | ||
| Q4 24 | — | -964.7% | ||
| Q3 24 | 21.5% | -95.6% | ||
| Q2 24 | -19.6% | -269.2% | ||
| Q1 24 | -17.9% | -294.1% |
| Q4 25 | 0.0% | 2.2% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.1% | ||
| Q4 24 | 0.0% | 0.4% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | 0.2% | 0.1% | ||
| Q1 24 | 0.2% | 0.3% |
| Q4 25 | -10.19× | -15.46× | ||
| Q3 25 | 2.95× | -3.84× | ||
| Q2 25 | 0.48× | -0.96× | ||
| Q1 25 | -0.63× | 13.97× | ||
| Q4 24 | -27.27× | -43.39× | ||
| Q3 24 | 1.46× | -5.68× | ||
| Q2 24 | -1.59× | -11.12× | ||
| Q1 24 | -1.32× | -22.84× |
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% |
PFSI
暂无分部数据
