vs
Forestar Group Inc.（FOR）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.4倍（$273.0M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 5.6%，领先42.3%），Forestar Group Inc.同比增速更快（9.0% vs -21.9%），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -15.4%）
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。
FOR vs RILY — 直观对比
营收规模更大
FOR
是对方的1.4倍
$188.3M
营收增速更快
FOR
高出30.9%
-21.9%
净利率更高
RILY
高出42.3%
5.6%
两年增速更快
FOR
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $188.3M |
| 净利润 | $15.4M | $90.3M |
| 毛利率 | 20.1% | 79.5% |
| 营业利润率 | 7.6% | 32.3% |
| 净利率 | 5.6% | 47.9% |
| 营收同比 | 9.0% | -21.9% |
| 净利润同比 | -6.7% | 1710.8% |
| 每股收益（稀释后） | $0.30 | $2.78 |
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FORRILY
| Q4 25 | $273.0M | $188.3M | ||
| Q3 25 | $670.5M | $215.3M | ||
| Q2 25 | $390.5M | $188.2M | ||
| Q1 25 | $351.0M | $197.2M | ||
| Q4 24 | $250.4M | $241.0M | ||
| Q3 24 | $551.3M | $225.5M | ||
| Q2 24 | $318.4M | $256.0M | ||
| Q1 24 | $333.8M | $263.4M |
净利润FORRILY
| Q4 25 | $15.4M | $90.3M | ||
| Q3 25 | $86.9M | $91.1M | ||
| Q2 25 | $32.9M | $139.5M | ||
| Q1 25 | $31.6M | $-10.0M | ||
| Q4 24 | $16.5M | $-5.6M | ||
| Q3 24 | $81.5M | $-284.4M | ||
| Q2 24 | $38.7M | $-433.6M | ||
| Q1 24 | $45.0M | $-49.2M |
毛利率FORRILY
| Q4 25 | 20.1% | 79.5% | ||
| Q3 25 | 22.3% | 83.7% | ||
| Q2 25 | 20.4% | 81.3% | ||
| Q1 25 | 22.6% | 81.4% | ||
| Q4 24 | 22.0% | 79.8% | ||
| Q3 24 | 23.9% | 82.1% | ||
| Q2 24 | 22.5% | 84.5% | ||
| Q1 24 | 24.9% | 85.3% |
营业利润率FORRILY
| Q4 25 | 7.6% | 32.3% | ||
| Q3 25 | 16.9% | 30.4% | ||
| Q2 25 | 11.2% | 5.7% | ||
| Q1 25 | 11.6% | -31.2% | ||
| Q4 24 | 8.7% | -69.2% | ||
| Q3 24 | 19.7% | -36.4% | ||
| Q2 24 | 16.2% | -90.8% | ||
| Q1 24 | 17.6% | -6.1% |
净利率FORRILY
| Q4 25 | 5.6% | 47.9% | ||
| Q3 25 | 13.0% | 42.3% | ||
| Q2 25 | 8.4% | 74.1% | ||
| Q1 25 | 9.0% | -5.1% | ||
| Q4 24 | 6.6% | -2.3% | ||
| Q3 24 | 14.8% | -126.1% | ||
| Q2 24 | 12.2% | -169.4% | ||
| Q1 24 | 13.5% | -18.7% |
每股收益（稀释后）FORRILY
| Q4 25 | $0.30 | $2.78 | ||
| Q3 25 | $1.70 | $2.91 | ||
| Q2 25 | $0.65 | $4.50 | ||
| Q1 25 | $0.62 | $-0.39 | ||
| Q4 24 | $0.32 | $-0.01 | ||
| Q3 24 | $1.59 | $-9.39 | ||
| Q2 24 | $0.76 | $-14.35 | ||
| Q1 24 | $0.89 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | $793.2M | $1.4B |
| 股东权益账面价值 | $1.8B | $-171.5M |
| 总资产 | $3.2B | $1.7B |
| 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FORRILY
| Q4 25 | $211.7M | $226.6M | ||
| Q3 25 | $379.2M | $184.2M | ||
| Q2 25 | $189.2M | $267.4M | ||
| Q1 25 | $174.3M | $138.3M | ||
| Q4 24 | $132.0M | $146.9M | ||
| Q3 24 | $481.2M | $159.2M | ||
| Q2 24 | $359.2M | $236.9M | ||
| Q1 24 | $416.2M | $190.7M |
总债务FORRILY
| Q4 25 | $793.2M | $1.4B | ||
| Q3 25 | $802.7M | $1.3B | ||
| Q2 25 | $872.8M | $1.3B | ||
| Q1 25 | $872.5M | $1.4B | ||
| Q4 24 | $806.8M | $1.5B | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
股东权益FORRILY
| Q4 25 | $1.8B | $-171.5M | ||
| Q3 25 | $1.8B | $-260.5M | ||
| Q2 25 | $1.7B | $-351.7M | ||
| Q1 25 | $1.6B | $-496.8M | ||
| Q4 24 | $1.6B | $-488.2M | ||
| Q3 24 | $1.6B | $-497.6M | ||
| Q2 24 | $1.5B | $-218.3M | ||
| Q1 24 | $1.5B | $228.4M |
总资产FORRILY
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.0B | $1.5B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.7B | $3.2B | ||
| Q1 24 | $2.6B | $5.0B |
负债/权益比FORRILY
| 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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | — |
| 自由现金流率自由现金流/营收 | -57.5% | — |
| 资本支出强度资本支出/营收 | 0.0% | — |
| 现金转化率经营现金流/净利润 | -10.19× | 0.29× |
| 过去12个月自由现金流最近4个季度 | $93.0M | — |
8季度趋势，按日历期对齐
经营现金流FORRILY
| Q4 25 | $-157.0M | $26.2M | ||
| Q3 25 | $256.3M | $-60.6M | ||
| Q2 25 | $15.8M | $-25.6M | ||
| Q1 25 | $-19.8M | $184.0K | ||
| Q4 24 | $-450.0M | $-2.7M | ||
| Q3 24 | $119.2M | $19.5M | ||
| Q2 24 | $-61.7M | $111.5M | ||
| Q1 24 | $-59.2M | $135.4M |
自由现金流FORRILY
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流率FORRILY
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
资本支出强度FORRILY
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FORRILY
| Q4 25 | -10.19× | 0.29× | ||
| Q3 25 | 2.95× | -0.66× | ||
| Q2 25 | 0.48× | -0.18× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
