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Forestar Group Inc.（FOR）与Dave & Buster's Entertainment, Inc.（PLAY）财务数据对比。点击上方公司名可切换其他公司
Dave & Buster's Entertainment, Inc.的季度营收约是Forestar Group Inc.的1.6倍（$448.2M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -9.4%，领先15.0%），Forestar Group Inc.同比增速更快（9.0% vs -1.1%），Dave & Buster's Entertainment, Inc.自由现金流更多（$-20.6M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -13.5%）
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。
戴夫与巴斯特娱乐是总部位于美国达拉斯的餐饮娱乐企业，旗下每家门店都配备全套服务餐厅、酒吧以及名为“百万美元 midway”的游戏游乐区。截至2024年2月，该公司共开设162家门店，其中美国本土158家，波多黎各和加拿大各设2家门店，主打餐饮与休闲娱乐融合的消费体验。
FOR vs PLAY — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $448.2M |
| 净利润 | $15.4M | $-42.1M |
| 毛利率 | 20.1% | 85.8% |
| 营业利润率 | 7.6% | -3.6% |
| 净利率 | 5.6% | -9.4% |
| 营收同比 | 9.0% | -1.1% |
| 净利润同比 | -6.7% | -28.7% |
| 每股收益（稀释后） | $0.30 | $-1.22 |
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 | $448.2M | ||
| Q3 25 | $670.5M | $557.4M | ||
| Q2 25 | $390.5M | $567.7M | ||
| Q1 25 | $351.0M | $534.5M | ||
| Q4 24 | $250.4M | $453.0M | ||
| Q3 24 | $551.3M | $557.1M | ||
| Q2 24 | $318.4M | $588.1M | ||
| Q1 24 | $333.8M | $599.0M |
| Q4 25 | $15.4M | $-42.1M | ||
| Q3 25 | $86.9M | $11.4M | ||
| Q2 25 | $32.9M | $21.7M | ||
| Q1 25 | $31.6M | $9.3M | ||
| Q4 24 | $16.5M | $-32.7M | ||
| Q3 24 | $81.5M | $40.3M | ||
| Q2 24 | $38.7M | $41.4M | ||
| Q1 24 | $45.0M | $36.1M |
| Q4 25 | 20.1% | 85.8% | ||
| Q3 25 | 22.3% | 86.3% | ||
| Q2 25 | 20.4% | 85.5% | ||
| Q1 25 | 22.6% | 85.5% | ||
| Q4 24 | 22.0% | 85.0% | ||
| Q3 24 | 23.9% | 85.3% | ||
| Q2 24 | 22.5% | 85.2% | ||
| Q1 24 | 24.9% | 84.1% |
| Q4 25 | 7.6% | -3.6% | ||
| Q3 25 | 16.9% | 9.5% | ||
| Q2 25 | 11.2% | 11.1% | ||
| Q1 25 | 11.6% | 8.3% | ||
| Q4 24 | 8.7% | 1.4% | ||
| Q3 24 | 19.7% | 15.2% | ||
| Q2 24 | 16.2% | 14.5% | ||
| Q1 24 | 17.6% | 14.9% |
| Q4 25 | 5.6% | -9.4% | ||
| Q3 25 | 13.0% | 2.0% | ||
| Q2 25 | 8.4% | 3.8% | ||
| Q1 25 | 9.0% | 1.7% | ||
| Q4 24 | 6.6% | -7.2% | ||
| Q3 24 | 14.8% | 7.2% | ||
| Q2 24 | 12.2% | 7.0% | ||
| Q1 24 | 13.5% | 6.0% |
| Q4 25 | $0.30 | $-1.22 | ||
| Q3 25 | $1.70 | $0.32 | ||
| Q2 25 | $0.65 | $0.62 | ||
| Q1 25 | $0.62 | $0.32 | ||
| Q4 24 | $0.32 | $-0.84 | ||
| Q3 24 | $1.59 | $0.99 | ||
| Q2 24 | $0.76 | $0.99 | ||
| Q1 24 | $0.89 | $0.95 |
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 | $13.6M |
| 总债务越低越好 | $793.2M | $1.6B |
| 股东权益账面价值 | $1.8B | $130.8M |
| 总资产 | $3.2B | $4.1B |
| 负债/权益比越低杠杆越低 | 0.44× | 12.17× |
8季度趋势，按日历期对齐
| Q4 25 | $211.7M | $13.6M | ||
| Q3 25 | $379.2M | $12.0M | ||
| Q2 25 | $189.2M | $11.9M | ||
| Q1 25 | $174.3M | $6.9M | ||
| Q4 24 | $132.0M | $8.6M | ||
| Q3 24 | $481.2M | $13.1M | ||
| Q2 24 | $359.2M | $32.1M | ||
| Q1 24 | $416.2M | $37.3M |
| Q4 25 | $793.2M | $1.6B | ||
| Q3 25 | $802.7M | $1.6B | ||
| Q2 25 | $872.8M | $1.6B | ||
| Q1 25 | $872.5M | $1.5B | ||
| Q4 24 | $806.8M | $1.5B | ||
| Q3 24 | $706.4M | $1.3B | ||
| Q2 24 | $706.1M | $1.3B | ||
| Q1 24 | $705.7M | $1.3B |
| Q4 25 | $1.8B | $130.8M | ||
| Q3 25 | $1.8B | $166.2M | ||
| Q2 25 | $1.7B | $146.8M | ||
| Q1 25 | $1.6B | $145.8M | ||
| Q4 24 | $1.6B | $226.6M | ||
| Q3 24 | $1.6B | $284.4M | ||
| Q2 24 | $1.5B | $292.5M | ||
| Q1 24 | $1.5B | $251.2M |
| Q4 25 | $3.2B | $4.1B | ||
| Q3 25 | $3.1B | $4.1B | ||
| Q2 25 | $3.1B | $4.1B | ||
| Q1 25 | $3.0B | $4.0B | ||
| Q4 24 | $3.0B | $3.9B | ||
| Q3 24 | $2.8B | $3.8B | ||
| Q2 24 | $2.7B | $3.8B | ||
| Q1 24 | $2.6B | $3.8B |
| Q4 25 | 0.44× | 12.17× | ||
| Q3 25 | 0.45× | 9.57× | ||
| Q2 25 | 0.52× | 10.98× | ||
| Q1 25 | 0.53× | 10.45× | ||
| Q4 24 | 0.50× | 6.58× | ||
| Q3 24 | 0.44× | 4.72× | ||
| Q2 24 | 0.47× | 4.58× | ||
| Q1 24 | 0.48× | 5.33× |
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 | $58.0M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-20.6M |
| 自由现金流率自由现金流/营收 | -57.5% | -4.6% |
| 资本支出强度资本支出/营收 | 0.0% | 17.5% |
| 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 | $-195.6M |
8季度趋势，按日历期对齐
| Q4 25 | $-157.0M | $58.0M | ||
| Q3 25 | $256.3M | $34.0M | ||
| Q2 25 | $15.8M | $95.8M | ||
| Q1 25 | $-19.8M | $108.9M | ||
| Q4 24 | $-450.0M | $-7.2M | ||
| Q3 24 | $119.2M | $101.8M | ||
| Q2 24 | $-61.7M | $108.8M | ||
| Q1 24 | $-59.2M | $97.2M |
| Q4 25 | $-157.1M | $-20.6M | ||
| Q3 25 | $255.6M | $-55.2M | ||
| Q2 25 | $15.0M | $-58.8M | ||
| Q1 25 | $-20.5M | $-61.0M | ||
| Q4 24 | — | $-138.4M | ||
| Q3 24 | $118.4M | $-14.3M | ||
| Q2 24 | $-62.3M | $-4.2M | ||
| Q1 24 | $-59.8M | $-25.4M |
| Q4 25 | -57.5% | -4.6% | ||
| Q3 25 | 38.1% | -9.9% | ||
| Q2 25 | 3.8% | -10.4% | ||
| Q1 25 | -5.8% | -11.4% | ||
| Q4 24 | — | -30.6% | ||
| Q3 24 | 21.5% | -2.6% | ||
| Q2 24 | -19.6% | -0.7% | ||
| Q1 24 | -17.9% | -4.2% |
| Q4 25 | 0.0% | 17.5% | ||
| Q3 25 | 0.1% | 16.0% | ||
| Q2 25 | 0.2% | 27.2% | ||
| Q1 25 | 0.2% | 31.8% | ||
| Q4 24 | 0.0% | 29.0% | ||
| Q3 24 | 0.1% | 20.8% | ||
| Q2 24 | 0.2% | 19.2% | ||
| Q1 24 | 0.2% | 20.5% |
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 2.98× | ||
| Q2 25 | 0.48× | 4.41× | ||
| Q1 25 | -0.63× | 11.71× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 2.53× | ||
| Q2 24 | -1.59× | 2.63× | ||
| Q1 24 | -1.32× | 2.69× |
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% |
PLAY
| Game Play Credit Usage | $273.1M | 61% |
| Food And Nonalcoholic Beverages | $115.1M | 26% |
| Alcoholic Beverage | $53.7M | 12% |
| Other Entertainment | $6.3M | 1% |
| Gift Card Revenue | $3.5M | 1% |
