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Forestar Group Inc.（FOR）与REX AMERICAN RESOURCES Corp（REX）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REX AMERICAN RESOURCES Corp的1.6倍（$273.0M vs $175.6M），REX AMERICAN RESOURCES Corp净利率更高（15.6% vs 5.6%，领先10.0%），Forestar Group Inc.同比增速更快（9.0% vs 0.4%），REX AMERICAN RESOURCES Corp自由现金流更多（$24.5M vs $-157.1M），过去两年REX AMERICAN RESOURCES Corp的营收复合增速更高（-3.2% 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。
REX美国资源公司是一家美国能源企业，1980年成立，总部位于俄亥俄州代顿市。公司主营乙醇、酒糟与天然气的生产及零售，同时也对能源相关企业进行投资控股。目前全资拥有三家关联企业，截至2012年，公司旗下拥有22家全国性零售门店，并参股了五个乙醇生产项目。
FOR vs REX — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $175.6M |
| 净利润 | $15.4M | $27.5M |
| 毛利率 | 20.1% | 20.6% |
| 营业利润率 | 7.6% | 20.2% |
| 净利率 | 5.6% | 15.6% |
| 营收同比 | 9.0% | 0.4% |
| 净利润同比 | -6.7% | -8.7% |
| 每股收益（稀释后） | $0.30 | $0.71 |
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 | $175.6M | ||
| Q3 25 | $670.5M | $158.6M | ||
| Q2 25 | $390.5M | $158.3M | ||
| Q1 25 | $351.0M | $158.2M | ||
| Q4 24 | $250.4M | $174.9M | ||
| Q3 24 | $551.3M | $148.2M | ||
| Q2 24 | $318.4M | $161.2M | ||
| Q1 24 | $333.8M | $187.6M |
| Q4 25 | $15.4M | $27.5M | ||
| Q3 25 | $86.9M | $9.3M | ||
| Q2 25 | $32.9M | $10.7M | ||
| Q1 25 | $31.6M | $14.1M | ||
| Q4 24 | $16.5M | $30.1M | ||
| Q3 24 | $81.5M | $15.0M | ||
| Q2 24 | $38.7M | $12.3M | ||
| Q1 24 | $45.0M | $25.3M |
| Q4 25 | 20.1% | 20.6% | ||
| Q3 25 | 22.3% | 9.0% | ||
| Q2 25 | 20.4% | 9.1% | ||
| Q1 25 | 22.6% | 11.1% | ||
| Q4 24 | 22.0% | 22.7% | ||
| Q3 24 | 23.9% | 13.3% | ||
| Q2 24 | 22.5% | 9.0% | ||
| Q1 24 | 24.9% | 16.2% |
| Q4 25 | 7.6% | 20.2% | ||
| Q3 25 | 16.9% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.6% | 11.3% | ||
| Q4 24 | 8.7% | 22.6% | ||
| Q3 24 | 19.7% | 13.2% | ||
| Q2 24 | 16.2% | 9.9% | ||
| Q1 24 | 17.6% | 17.3% |
| Q4 25 | 5.6% | 15.6% | ||
| Q3 25 | 13.0% | 5.9% | ||
| Q2 25 | 8.4% | 6.7% | ||
| Q1 25 | 9.0% | 8.9% | ||
| Q4 24 | 6.6% | 17.2% | ||
| Q3 24 | 14.8% | 10.1% | ||
| Q2 24 | 12.2% | 7.6% | ||
| Q1 24 | 13.5% | 13.5% |
| Q4 25 | $0.30 | $0.71 | ||
| Q3 25 | $1.70 | $0.43 | ||
| Q2 25 | $0.65 | $0.51 | ||
| Q1 25 | $0.62 | $-0.32 | ||
| Q4 24 | $0.32 | $0.69 | ||
| Q3 24 | $1.59 | $0.70 | ||
| Q2 24 | $0.76 | $0.58 | ||
| Q1 24 | $0.89 | $-0.58 |
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 | $335.5M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $566.9M |
| 总资产 | $3.2B | $750.1M |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
| Q4 25 | $211.7M | $335.5M | ||
| Q3 25 | $379.2M | $310.5M | ||
| Q2 25 | $189.2M | $315.9M | ||
| Q1 25 | $174.3M | $359.1M | ||
| Q4 24 | $132.0M | $365.1M | ||
| Q3 24 | $481.2M | $346.0M | ||
| Q2 24 | $359.2M | $351.8M | ||
| Q1 24 | $416.2M | $378.7M |
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
| Q4 25 | $1.8B | $566.9M | ||
| Q3 25 | $1.8B | $545.8M | ||
| Q2 25 | $1.7B | $536.4M | ||
| Q1 25 | $1.6B | $560.3M | ||
| Q4 24 | $1.6B | $564.5M | ||
| Q3 24 | $1.6B | $539.6M | ||
| Q2 24 | $1.5B | $524.5M | ||
| Q1 24 | $1.5B | $513.9M |
| Q4 25 | $3.2B | $750.1M | ||
| Q3 25 | $3.1B | $700.6M | ||
| Q2 25 | $3.1B | $693.8M | ||
| Q1 25 | $3.0B | $720.0M | ||
| Q4 24 | $3.0B | $715.7M | ||
| Q3 24 | $2.8B | $680.0M | ||
| Q2 24 | $2.7B | $671.0M | ||
| Q1 24 | $2.6B | $664.8M |
| 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 | $51.2M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $24.5M |
| 自由现金流率自由现金流/营收 | -57.5% | 14.0% |
| 资本支出强度资本支出/营收 | 0.0% | 15.2% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.87× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $17.6M |
8季度趋势，按日历期对齐
| Q4 25 | $-157.0M | $51.2M | ||
| Q3 25 | $256.3M | $16.3M | ||
| Q2 25 | $15.8M | $-3.5M | ||
| Q1 25 | $-19.8M | $25.1M | ||
| Q4 24 | $-450.0M | $33.4M | ||
| Q3 24 | $119.2M | $8.0M | ||
| Q2 24 | $-61.7M | $-2.3M | ||
| Q1 24 | $-59.2M | $62.5M |
| Q4 25 | $-157.1M | $24.5M | ||
| Q3 25 | $255.6M | $-5.7M | ||
| Q2 25 | $15.0M | $-10.4M | ||
| Q1 25 | $-20.5M | $9.2M | ||
| Q4 24 | — | $18.2M | ||
| Q3 24 | $118.4M | $-7.4M | ||
| Q2 24 | $-62.3M | $-27.1M | ||
| Q1 24 | $-59.8M | $47.2M |
| Q4 25 | -57.5% | 14.0% | ||
| Q3 25 | 38.1% | -3.6% | ||
| Q2 25 | 3.8% | -6.6% | ||
| Q1 25 | -5.8% | 5.8% | ||
| Q4 24 | — | 10.4% | ||
| Q3 24 | 21.5% | -5.0% | ||
| Q2 24 | -19.6% | -16.8% | ||
| Q1 24 | -17.9% | 25.2% |
| Q4 25 | 0.0% | 15.2% | ||
| Q3 25 | 0.1% | 13.9% | ||
| Q2 25 | 0.2% | 4.4% | ||
| Q1 25 | 0.2% | 10.0% | ||
| Q4 24 | 0.0% | 8.7% | ||
| Q3 24 | 0.1% | 10.4% | ||
| Q2 24 | 0.2% | 15.4% | ||
| Q1 24 | 0.2% | 8.2% |
| Q4 25 | -10.19× | 1.87× | ||
| Q3 25 | 2.95× | 1.75× | ||
| Q2 25 | 0.48× | -0.33× | ||
| Q1 25 | -0.63× | 1.78× | ||
| Q4 24 | -27.27× | 1.11× | ||
| Q3 24 | 1.46× | 0.53× | ||
| Q2 24 | -1.59× | -0.18× | ||
| Q1 24 | -1.32× | 2.47× |
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% |
REX
| Ethanol | $136.0M | 77% |
| Dried Distillers Grains | $22.4M | 13% |
| Distillers Corn Oil | $16.4M | 9% |
| Modified Distillers Grains | $1.2M | 1% |
