vs
Forestar Group Inc.（FOR）与福尼克斯（PLAB）财务数据对比。点击上方公司名可切换其他公司
Forestar Group Inc.的季度营收约是福尼克斯的1.3倍（$273.0M vs $210.4M），福尼克斯净利率更高（10.9% vs 5.6%，领先5.2%），Forestar Group Inc.同比增速更快（9.0% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $-157.1M），过去两年福尼克斯的营收复合增速更高（-3.8% 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。
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
FOR vs PLAB — 直观对比
营收规模更大
FOR
是对方的1.3倍
$210.4M
营收增速更快
FOR
高出14.5%
-5.5%
净利率更高
PLAB
高出5.2%
5.6%
自由现金流更多
PLAB
多$182.3M
$-157.1M
两年增速更快
PLAB
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $210.4M |
| 净利润 | $15.4M | $22.9M |
| 毛利率 | 20.1% | 33.7% |
| 营业利润率 | 7.6% | 22.9% |
| 净利率 | 5.6% | 10.9% |
| 营收同比 | 9.0% | -5.5% |
| 净利润同比 | -6.7% | -32.4% |
| 每股收益（稀释后） | $0.30 | $0.39 |
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FORPLAB
| Q4 25 | $273.0M | — | ||
| Q3 25 | $670.5M | $210.4M | ||
| Q2 25 | $390.5M | $211.0M | ||
| Q1 25 | $351.0M | $212.1M | ||
| Q4 24 | $250.4M | $222.6M | ||
| Q3 24 | $551.3M | $211.0M | ||
| Q2 24 | $318.4M | $217.0M | ||
| Q1 24 | $333.8M | $216.3M |
净利润FORPLAB
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | $22.9M | ||
| Q2 25 | $32.9M | $8.9M | ||
| Q1 25 | $31.6M | $42.9M | ||
| Q4 24 | $16.5M | $33.9M | ||
| Q3 24 | $81.5M | $34.4M | ||
| Q2 24 | $38.7M | $36.3M | ||
| Q1 24 | $45.0M | $26.2M |
毛利率FORPLAB
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | 33.7% | ||
| Q2 25 | 20.4% | 36.9% | ||
| Q1 25 | 22.6% | 35.6% | ||
| Q4 24 | 22.0% | 37.0% | ||
| Q3 24 | 23.9% | 35.6% | ||
| Q2 24 | 22.5% | 36.5% | ||
| Q1 24 | 24.9% | 36.6% |
营业利润率FORPLAB
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | 22.9% | ||
| Q2 25 | 11.2% | 26.4% | ||
| Q1 25 | 11.6% | 24.6% | ||
| Q4 24 | 8.7% | 25.1% | ||
| Q3 24 | 19.7% | 24.7% | ||
| Q2 24 | 16.2% | 25.8% | ||
| Q1 24 | 17.6% | 26.6% |
净利率FORPLAB
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | 10.9% | ||
| Q2 25 | 8.4% | 4.2% | ||
| Q1 25 | 9.0% | 20.2% | ||
| Q4 24 | 6.6% | 15.2% | ||
| Q3 24 | 14.8% | 16.3% | ||
| Q2 24 | 12.2% | 16.7% | ||
| Q1 24 | 13.5% | 12.1% |
每股收益（稀释后）FORPLAB
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | $0.39 | ||
| Q2 25 | $0.65 | $0.15 | ||
| Q1 25 | $0.62 | $0.68 | ||
| Q4 24 | $0.32 | $0.54 | ||
| Q3 24 | $1.59 | $0.55 | ||
| Q2 24 | $0.76 | $0.58 | ||
| Q1 24 | $0.89 | $0.42 |
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 | $575.8M |
| 总债务越低越好 | $793.2M | $16.0K |
| 股东权益账面价值 | $1.8B | $1.1B |
| 总资产 | $3.2B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FORPLAB
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | $575.8M | ||
| Q2 25 | $189.2M | $558.4M | ||
| Q1 25 | $174.3M | $642.2M | ||
| Q4 24 | $132.0M | $640.7M | ||
| Q3 24 | $481.2M | $606.4M | ||
| Q2 24 | $359.2M | $559.9M | ||
| Q1 24 | $416.2M | $521.5M |
总债务FORPLAB
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | $16.0K | ||
| Q2 25 | $872.8M | $19.0K | ||
| Q1 25 | $872.5M | $21.0K | ||
| Q4 24 | $806.8M | $25.0K | ||
| Q3 24 | $706.4M | $28.0K | ||
| Q2 24 | $706.1M | $2.5M | ||
| Q1 24 | $705.7M | $2.7M |
股东权益FORPLAB
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.6B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | $1.5B | $1.0B |
总资产FORPLAB
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.0B | $1.7B | ||
| Q3 24 | $2.8B | $1.6B | ||
| Q2 24 | $2.7B | $1.6B | ||
| Q1 24 | $2.6B | $1.6B |
负债/权益比FORPLAB
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | 0.00× | ||
| Q2 25 | 0.52× | 0.00× | ||
| Q1 25 | 0.53× | 0.00× | ||
| Q4 24 | 0.50× | 0.00× | ||
| Q3 24 | 0.44× | 0.00× | ||
| Q2 24 | 0.47× | 0.00× | ||
| Q1 24 | 0.48× | 0.00× |
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 | $50.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $25.2M |
| 自由现金流率自由现金流/营收 | -57.5% | 12.0% |
| 资本支出强度资本支出/营收 | 0.0% | 11.8% |
| 现金转化率经营现金流/净利润 | -10.19× | 2.19× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $64.5M |
8季度趋势，按日历期对齐
经营现金流FORPLAB
| Q4 25 | $-157.0M | — | ||
| Q3 25 | $256.3M | $50.1M | ||
| Q2 25 | $15.8M | $31.5M | ||
| Q1 25 | $-19.8M | $78.5M | ||
| Q4 24 | $-450.0M | $68.4M | ||
| Q3 24 | $119.2M | $75.1M | ||
| Q2 24 | $-61.7M | $76.5M | ||
| Q1 24 | $-59.2M | $41.5M |
自由现金流FORPLAB
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | $25.2M | ||
| Q2 25 | $15.0M | $-29.1M | ||
| Q1 25 | $-20.5M | $43.3M | ||
| Q4 24 | — | $25.2M | ||
| Q3 24 | $118.4M | $50.7M | ||
| Q2 24 | $-62.3M | $56.5M | ||
| Q1 24 | $-59.8M | $-1.8M |
自由现金流率FORPLAB
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | 12.0% | ||
| Q2 25 | 3.8% | -13.8% | ||
| Q1 25 | -5.8% | 20.4% | ||
| Q4 24 | — | 11.3% | ||
| Q3 24 | 21.5% | 24.0% | ||
| Q2 24 | -19.6% | 26.0% | ||
| Q1 24 | -17.9% | -0.8% |
资本支出强度FORPLAB
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | 11.8% | ||
| Q2 25 | 0.2% | 28.7% | ||
| Q1 25 | 0.2% | 16.6% | ||
| Q4 24 | 0.0% | 19.4% | ||
| Q3 24 | 0.1% | 11.6% | ||
| Q2 24 | 0.2% | 9.2% | ||
| Q1 24 | 0.2% | 20.0% |
现金转化率FORPLAB
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 2.19× | ||
| Q2 25 | 0.48× | 3.55× | ||
| Q1 25 | -0.63× | 1.83× | ||
| Q4 24 | -27.27× | 2.02× | ||
| Q3 24 | 1.46× | 2.18× | ||
| Q2 24 | -1.59× | 2.11× | ||
| Q1 24 | -1.32× | 1.59× |
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% |
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
