vs
Forestar Group Inc.（FOR）与ROCKY BRANDS, INC.（RCKY）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ROCKY BRANDS, INC.的2.0倍（$273.0M vs $139.7M），Forestar Group Inc.净利率更高（5.6% vs 4.7%，领先1.0%），ROCKY BRANDS, INC.同比增速更快（9.1% vs 9.0%），ROCKY BRANDS, INC.自由现金流更多（$16.7M vs $-157.1M），过去两年ROCKY BRANDS, INC.的营收复合增速更高（11.2% 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。
洛基品牌公司（原洛基鞋靴公司）1932年创立于俄亥俄州纳尔逊维尔，总部至今仍设于该地。公司主营户外、工装、西部风格及军用鞋靴的设计研发、生产与销售，同时也推出各类户外与工装服饰及周边配件。
FOR vs RCKY — 直观对比
营收规模更大
FOR
是对方的2.0倍
$139.7M
营收增速更快
RCKY
高出0.1%
9.0%
净利率更高
FOR
高出1.0%
4.7%
自由现金流更多
RCKY
多$173.8M
$-157.1M
两年增速更快
RCKY
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $139.7M |
| 净利润 | $15.4M | $6.5M |
| 毛利率 | 20.1% | 41.3% |
| 营业利润率 | 7.6% | 6.9% |
| 净利率 | 5.6% | 4.7% |
| 营收同比 | 9.0% | 9.1% |
| 净利润同比 | -6.7% | 35.7% |
| 每股收益（稀释后） | $0.30 | $0.86 |
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FORRCKY
| Q4 25 | $273.0M | $139.7M | ||
| Q3 25 | $670.5M | $122.5M | ||
| Q2 25 | $390.5M | $105.6M | ||
| Q1 25 | $351.0M | $114.1M | ||
| Q4 24 | $250.4M | $128.1M | ||
| Q3 24 | $551.3M | $114.6M | ||
| Q2 24 | $318.4M | $98.3M | ||
| Q1 24 | $333.8M | $112.9M |
净利润FORRCKY
| Q4 25 | $15.4M | $6.5M | ||
| Q3 25 | $86.9M | $7.2M | ||
| Q2 25 | $32.9M | $3.6M | ||
| Q1 25 | $31.6M | $4.9M | ||
| Q4 24 | $16.5M | $4.8M | ||
| Q3 24 | $81.5M | $5.3M | ||
| Q2 24 | $38.7M | $-1.2M | ||
| Q1 24 | $45.0M | $2.5M |
毛利率FORRCKY
| Q4 25 | 20.1% | 41.3% | ||
| Q3 25 | 22.3% | 40.2% | ||
| Q2 25 | 20.4% | 41.0% | ||
| Q1 25 | 22.6% | 41.2% | ||
| Q4 24 | 22.0% | 41.5% | ||
| Q3 24 | 23.9% | 38.1% | ||
| Q2 24 | 22.5% | 38.7% | ||
| Q1 24 | 24.9% | 39.1% |
营业利润率FORRCKY
| Q4 25 | 7.6% | 6.9% | ||
| Q3 25 | 16.9% | 9.6% | ||
| Q2 25 | 11.2% | 6.8% | ||
| Q1 25 | 11.6% | 7.6% | ||
| Q4 24 | 8.7% | 6.6% | ||
| Q3 24 | 19.7% | 8.8% | ||
| Q2 24 | 16.2% | 4.6% | ||
| Q1 24 | 17.6% | 7.1% |
净利率FORRCKY
| Q4 25 | 5.6% | 4.7% | ||
| Q3 25 | 13.0% | 5.9% | ||
| Q2 25 | 8.4% | 3.4% | ||
| Q1 25 | 9.0% | 4.3% | ||
| Q4 24 | 6.6% | 3.7% | ||
| Q3 24 | 14.8% | 4.6% | ||
| Q2 24 | 12.2% | -1.3% | ||
| Q1 24 | 13.5% | 2.3% |
每股收益（稀释后）FORRCKY
| Q4 25 | $0.30 | $0.86 | ||
| Q3 25 | $1.70 | $0.96 | ||
| Q2 25 | $0.65 | $0.48 | ||
| Q1 25 | $0.62 | $0.66 | ||
| Q4 24 | $0.32 | $0.65 | ||
| Q3 24 | $1.59 | $0.70 | ||
| Q2 24 | $0.76 | $-0.17 | ||
| Q1 24 | $0.89 | $0.34 |
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 | $2.9M |
| 总债务越低越好 | $793.2M | $122.6M |
| 股东权益账面价值 | $1.8B | $252.1M |
| 总资产 | $3.2B | $477.5M |
| 负债/权益比越低杠杆越低 | 0.44× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资FORRCKY
| Q4 25 | $211.7M | $2.9M | ||
| Q3 25 | $379.2M | $3.3M | ||
| Q2 25 | $189.2M | $2.8M | ||
| Q1 25 | $174.3M | $2.6M | ||
| Q4 24 | $132.0M | $3.7M | ||
| Q3 24 | $481.2M | $3.7M | ||
| Q2 24 | $359.2M | $4.1M | ||
| Q1 24 | $416.2M | $3.1M |
总债务FORRCKY
| Q4 25 | $793.2M | $122.6M | ||
| Q3 25 | $802.7M | $139.0M | ||
| Q2 25 | $872.8M | $132.5M | ||
| Q1 25 | $872.5M | $128.6M | ||
| Q4 24 | $806.8M | $128.7M | ||
| Q3 24 | $706.4M | $150.3M | ||
| Q2 24 | $706.1M | $152.4M | ||
| Q1 24 | $705.7M | $156.0M |
股东权益FORRCKY
| Q4 25 | $1.8B | $252.1M | ||
| Q3 25 | $1.8B | $246.1M | ||
| Q2 25 | $1.7B | $239.1M | ||
| Q1 25 | $1.6B | $236.2M | ||
| Q4 24 | $1.6B | $232.2M | ||
| Q3 24 | $1.6B | $228.3M | ||
| Q2 24 | $1.5B | $223.8M | ||
| Q1 24 | $1.5B | $225.3M |
总资产FORRCKY
| Q4 25 | $3.2B | $477.5M | ||
| Q3 25 | $3.1B | $494.0M | ||
| Q2 25 | $3.1B | $471.0M | ||
| Q1 25 | $3.0B | $468.2M | ||
| Q4 24 | $3.0B | $457.3M | ||
| Q3 24 | $2.8B | $475.0M | ||
| Q2 24 | $2.7B | $467.9M | ||
| Q1 24 | $2.6B | $466.5M |
负债/权益比FORRCKY
| Q4 25 | 0.44× | 0.49× | ||
| Q3 25 | 0.45× | 0.57× | ||
| Q2 25 | 0.52× | 0.55× | ||
| Q1 25 | 0.53× | 0.54× | ||
| Q4 24 | 0.50× | 0.55× | ||
| Q3 24 | 0.44× | 0.66× | ||
| Q2 24 | 0.47× | 0.68× | ||
| Q1 24 | 0.48× | 0.69× |
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 | $17.6M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $16.7M |
| 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% | 0.6% |
| 现金转化率经营现金流/净利润 | -10.19× | 2.70× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $9.7M |
8季度趋势，按日历期对齐
经营现金流FORRCKY
| Q4 25 | $-157.0M | $17.6M | ||
| Q3 25 | $256.3M | $-3.3M | ||
| Q2 25 | $15.8M | $812.0K | ||
| Q1 25 | $-19.8M | $1.2M | ||
| Q4 24 | $-450.0M | $24.4M | ||
| Q3 24 | $119.2M | $4.5M | ||
| Q2 24 | $-61.7M | $6.5M | ||
| Q1 24 | $-59.2M | $17.4M |
自由现金流FORRCKY
| Q4 25 | $-157.1M | $16.7M | ||
| Q3 25 | $255.6M | $-5.2M | ||
| Q2 25 | $15.0M | $-2.4M | ||
| Q1 25 | $-20.5M | $529.0K | ||
| Q4 24 | — | $22.9M | ||
| Q3 24 | $118.4M | $3.5M | ||
| Q2 24 | $-62.3M | $4.6M | ||
| Q1 24 | $-59.8M | $17.1M |
自由现金流率FORRCKY
| Q4 25 | -57.5% | 12.0% | ||
| Q3 25 | 38.1% | -4.2% | ||
| Q2 25 | 3.8% | -2.2% | ||
| Q1 25 | -5.8% | 0.5% | ||
| Q4 24 | — | 17.9% | ||
| Q3 24 | 21.5% | 3.0% | ||
| Q2 24 | -19.6% | 4.7% | ||
| Q1 24 | -17.9% | 15.2% |
资本支出强度FORRCKY
| Q4 25 | 0.0% | 0.6% | ||
| Q3 25 | 0.1% | 1.5% | ||
| Q2 25 | 0.2% | 3.0% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | 0.0% | 1.2% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.2% | 1.9% | ||
| Q1 24 | 0.2% | 0.2% |
现金转化率FORRCKY
| Q4 25 | -10.19× | 2.70× | ||
| Q3 25 | 2.95× | -0.46× | ||
| Q2 25 | 0.48× | 0.23× | ||
| Q1 25 | -0.63× | 0.25× | ||
| Q4 24 | -27.27× | 5.08× | ||
| Q3 24 | 1.46× | 0.85× | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | 6.82× |
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% |
RCKY
| Wholesale | $79.6M | 57% |
| Retail1 | $57.0M | 41% |
| Contract Manufacturing | $3.2M | 2% |
