vs
Forestar Group Inc.（FOR）与CPI Card Group Inc.（PMTS）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CPI Card Group Inc.的1.8倍（$273.0M vs $153.1M），Forestar Group Inc.净利率更高（5.6% vs 4.8%，领先0.8%），CPI Card Group Inc.同比增速更快（22.3% vs 9.0%），CPI Card Group Inc.自由现金流更多（$35.2M vs $-157.1M），过去两年CPI Card Group Inc.的营收复合增速更高（16.9% 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。
CPI Card Group Inc.是知名的支付卡生产及配套解决方案供应商，主营接触式、非接触式信用卡、借记卡、预付卡的制造与个性化定制服务，客户以北美地区的金融机构、金融科技企业及零售品牌为主。
FOR vs PMTS — 直观对比
营收规模更大
FOR
是对方的1.8倍
$153.1M
营收增速更快
PMTS
高出13.3%
9.0%
净利率更高
FOR
高出0.8%
4.8%
自由现金流更多
PMTS
多$192.3M
$-157.1M
两年增速更快
PMTS
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $153.1M |
| 净利润 | $15.4M | $7.3M |
| 毛利率 | 20.1% | 31.5% |
| 营业利润率 | 7.6% | 12.0% |
| 净利率 | 5.6% | 4.8% |
| 营收同比 | 9.0% | 22.3% |
| 净利润同比 | -6.7% | 8.5% |
| 每股收益（稀释后） | $0.30 | $0.62 |
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FORPMTS
| Q4 25 | $273.0M | $153.1M | ||
| Q3 25 | $670.5M | $138.0M | ||
| Q2 25 | $390.5M | $129.8M | ||
| Q1 25 | $351.0M | $122.8M | ||
| Q4 24 | $250.4M | $125.1M | ||
| Q3 24 | $551.3M | $124.8M | ||
| Q2 24 | $318.4M | $118.8M | ||
| Q1 24 | $333.8M | $111.9M |
净利润FORPMTS
| Q4 25 | $15.4M | $7.3M | ||
| Q3 25 | $86.9M | $2.3M | ||
| Q2 25 | $32.9M | $518.0K | ||
| Q1 25 | $31.6M | $4.8M | ||
| Q4 24 | $16.5M | $6.8M | ||
| Q3 24 | $81.5M | $1.3M | ||
| Q2 24 | $38.7M | $6.0M | ||
| Q1 24 | $45.0M | $5.5M |
毛利率FORPMTS
| Q4 25 | 20.1% | 31.5% | ||
| Q3 25 | 22.3% | 29.7% | ||
| Q2 25 | 20.4% | 30.9% | ||
| Q1 25 | 22.6% | 33.2% | ||
| Q4 24 | 22.0% | 34.1% | ||
| Q3 24 | 23.9% | 35.8% | ||
| Q2 24 | 22.5% | 35.7% | ||
| Q1 24 | 24.9% | 37.1% |
营业利润率FORPMTS
| Q4 25 | 7.6% | 12.0% | ||
| Q3 25 | 16.9% | 9.4% | ||
| Q2 25 | 11.2% | 7.3% | ||
| Q1 25 | 11.6% | 11.5% | ||
| Q4 24 | 8.7% | 12.7% | ||
| Q3 24 | 19.7% | 14.3% | ||
| Q2 24 | 16.2% | 12.5% | ||
| Q1 24 | 17.6% | 12.6% |
净利率FORPMTS
| Q4 25 | 5.6% | 4.8% | ||
| Q3 25 | 13.0% | 1.7% | ||
| Q2 25 | 8.4% | 0.4% | ||
| Q1 25 | 9.0% | 3.9% | ||
| Q4 24 | 6.6% | 5.4% | ||
| Q3 24 | 14.8% | 1.0% | ||
| Q2 24 | 12.2% | 5.1% | ||
| Q1 24 | 13.5% | 4.9% |
每股收益（稀释后）FORPMTS
| Q4 25 | $0.30 | $0.62 | ||
| Q3 25 | $1.70 | $0.19 | ||
| Q2 25 | $0.65 | $0.04 | ||
| Q1 25 | $0.62 | $0.40 | ||
| Q4 24 | $0.32 | $0.56 | ||
| Q3 24 | $1.59 | $0.11 | ||
| Q2 24 | $0.76 | $0.51 | ||
| Q1 24 | $0.89 | $0.46 |
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 | $21.7M |
| 总债务越低越好 | $793.2M | $286.7M |
| 股东权益账面价值 | $1.8B | $-17.3M |
| 总资产 | $3.2B | $403.2M |
| 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FORPMTS
| Q4 25 | $211.7M | $21.7M | ||
| Q3 25 | $379.2M | $16.0M | ||
| Q2 25 | $189.2M | $17.1M | ||
| Q1 25 | $174.3M | $31.5M | ||
| Q4 24 | $132.0M | $33.5M | ||
| Q3 24 | $481.2M | $14.7M | ||
| Q2 24 | $359.2M | $7.5M | ||
| Q1 24 | $416.2M | $17.1M |
总债务FORPMTS
| Q4 25 | $793.2M | $286.7M | ||
| Q3 25 | $802.7M | $308.4M | ||
| Q2 25 | $872.8M | $310.9M | ||
| Q1 25 | $872.5M | $280.7M | ||
| Q4 24 | $806.8M | $280.4M | ||
| Q3 24 | $706.4M | $280.2M | ||
| Q2 24 | $706.1M | $269.7M | ||
| Q1 24 | $705.7M | $265.3M |
股东权益FORPMTS
| Q4 25 | $1.8B | $-17.3M | ||
| Q3 25 | $1.8B | $-25.7M | ||
| Q2 25 | $1.7B | $-29.0M | ||
| Q1 25 | $1.6B | $-29.7M | ||
| Q4 24 | $1.6B | $-35.6M | ||
| Q3 24 | $1.6B | $-42.8M | ||
| Q2 24 | $1.5B | $-44.6M | ||
| Q1 24 | $1.5B | $-48.5M |
总资产FORPMTS
| Q4 25 | $3.2B | $403.2M | ||
| Q3 25 | $3.1B | $407.1M | ||
| Q2 25 | $3.1B | $399.8M | ||
| Q1 25 | $3.0B | $351.9M | ||
| Q4 24 | $3.0B | $349.7M | ||
| Q3 24 | $2.8B | $342.3M | ||
| Q2 24 | $2.7B | $321.4M | ||
| Q1 24 | $2.6B | $319.8M |
负债/权益比FORPMTS
| 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 | $39.6M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $35.2M |
| 自由现金流率自由现金流/营收 | -57.5% | 23.0% |
| 资本支出强度资本支出/营收 | 0.0% | 2.9% |
| 现金转化率经营现金流/净利润 | -10.19× | 5.39× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $41.3M |
8季度趋势，按日历期对齐
经营现金流FORPMTS
| Q4 25 | $-157.0M | $39.6M | ||
| Q3 25 | $256.3M | $10.0M | ||
| Q2 25 | $15.8M | $4.3M | ||
| Q1 25 | $-19.8M | $5.6M | ||
| Q4 24 | $-450.0M | $26.7M | ||
| Q3 24 | $119.2M | $12.5M | ||
| Q2 24 | $-61.7M | $-4.8M | ||
| Q1 24 | $-59.2M | $8.9M |
自由现金流FORPMTS
| Q4 25 | $-157.1M | $35.2M | ||
| Q3 25 | $255.6M | $5.3M | ||
| Q2 25 | $15.0M | $533.0K | ||
| Q1 25 | $-20.5M | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | $118.4M | $11.1M | ||
| Q2 24 | $-62.3M | $-6.0M | ||
| Q1 24 | $-59.8M | $7.4M |
自由现金流率FORPMTS
| Q4 25 | -57.5% | 23.0% | ||
| Q3 25 | 38.1% | 3.8% | ||
| Q2 25 | 3.8% | 0.4% | ||
| Q1 25 | -5.8% | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | 21.5% | 8.9% | ||
| Q2 24 | -19.6% | -5.0% | ||
| Q1 24 | -17.9% | 6.6% |
资本支出强度FORPMTS
| Q4 25 | 0.0% | 2.9% | ||
| Q3 25 | 0.1% | 3.4% | ||
| Q2 25 | 0.2% | 2.9% | ||
| Q1 25 | 0.2% | 4.3% | ||
| Q4 24 | 0.0% | 4.0% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.2% | 1.0% | ||
| Q1 24 | 0.2% | 1.3% |
现金转化率FORPMTS
| Q4 25 | -10.19× | 5.39× | ||
| Q3 25 | 2.95× | 4.32× | ||
| Q2 25 | 0.48× | 8.39× | ||
| Q1 25 | -0.63× | 1.17× | ||
| Q4 24 | -27.27× | 3.94× | ||
| Q3 24 | 1.46× | 9.70× | ||
| Q2 24 | -1.59× | -0.79× | ||
| Q1 24 | -1.32× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
