vs
Forestar Group Inc.（FOR）与Riot Platforms, Inc.（RIOT）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Riot Platforms, Inc.的1.8倍（$273.0M vs $152.8M），Forestar Group Inc.净利率更高（5.6% vs -452.0%，领先457.6%），Forestar Group Inc.同比增速更快（9.0% vs 7.2%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-774.3M），过去两年Riot Platforms, Inc.的营收复合增速更高（38.8% 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。
Riot Platforms是美国领先的比特币挖矿企业，在北美地区运营多座大规模高能效的加密货币矿场，同时布局区块链相关基础设施业务，长期持有比特币作为核心储备资产，专注于数字资产生态相关业务的长期发展。
FOR vs RIOT — 直观对比
营收规模更大
FOR
是对方的1.8倍
$152.8M
营收增速更快
FOR
高出1.8%
7.2%
净利率更高
FOR
高出457.6%
-452.0%
自由现金流更多
FOR
多$617.2M
$-774.3M
两年增速更快
RIOT
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $152.8M |
| 净利润 | $15.4M | $-690.7M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | -447.9% |
| 净利率 | 5.6% | -452.0% |
| 营收同比 | 9.0% | 7.2% |
| 净利润同比 | -6.7% | -606.3% |
| 每股收益（稀释后） | $0.30 | $-1.89 |
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FORRIOT
| Q4 25 | $273.0M | $152.8M | ||
| Q3 25 | $670.5M | $180.2M | ||
| Q2 25 | $390.5M | $153.0M | ||
| Q1 25 | $351.0M | $161.4M | ||
| Q4 24 | $250.4M | $142.6M | ||
| Q3 24 | $551.3M | $84.8M | ||
| Q2 24 | $318.4M | $70.0M | ||
| Q1 24 | $333.8M | $79.3M |
净利润FORRIOT
| Q4 25 | $15.4M | $-690.7M | ||
| Q3 25 | $86.9M | $104.5M | ||
| Q2 25 | $32.9M | $219.5M | ||
| Q1 25 | $31.6M | $-296.4M | ||
| Q4 24 | $16.5M | $136.4M | ||
| Q3 24 | $81.5M | $-154.4M | ||
| Q2 24 | $38.7M | $-84.4M | ||
| Q1 24 | $45.0M | $211.8M |
毛利率FORRIOT
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FORRIOT
| Q4 25 | 7.6% | -447.9% | ||
| Q3 25 | 16.9% | 44.4% | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.6% | -144.9% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | -143.3% | ||
| Q2 24 | 16.2% | -167.2% | ||
| Q1 24 | 17.6% | — |
净利率FORRIOT
| Q4 25 | 5.6% | -452.0% | ||
| Q3 25 | 13.0% | 58.0% | ||
| Q2 25 | 8.4% | 143.4% | ||
| Q1 25 | 9.0% | -183.6% | ||
| Q4 24 | 6.6% | 95.7% | ||
| Q3 24 | 14.8% | -182.1% | ||
| Q2 24 | 12.2% | -120.6% | ||
| Q1 24 | 13.5% | 267.1% |
每股收益（稀释后）FORRIOT
| Q4 25 | $0.30 | $-1.89 | ||
| Q3 25 | $1.70 | $0.26 | ||
| Q2 25 | $0.65 | $0.58 | ||
| Q1 25 | $0.62 | $-0.90 | ||
| Q4 24 | $0.32 | $0.39 | ||
| Q3 24 | $1.59 | $-0.54 | ||
| Q2 24 | $0.76 | $-0.32 | ||
| Q1 24 | $0.89 | $0.51 |
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 | $233.5M |
| 总债务越低越好 | $793.2M | $840.8M |
| 股东权益账面价值 | $1.8B | $2.9B |
| 总资产 | $3.2B | $3.9B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.29× |
8季度趋势，按日历期对齐
现金及短期投资FORRIOT
| Q4 25 | $211.7M | $233.5M | ||
| Q3 25 | $379.2M | $330.7M | ||
| Q2 25 | $189.2M | $255.4M | ||
| Q1 25 | $174.3M | $163.7M | ||
| Q4 24 | $132.0M | $277.9M | ||
| Q3 24 | $481.2M | $355.7M | ||
| Q2 24 | $359.2M | $481.2M | ||
| Q1 24 | $416.2M | $688.5M |
总债务FORRIOT
| Q4 25 | $793.2M | $840.8M | ||
| Q3 25 | $802.7M | $5.3M | ||
| Q2 25 | $872.8M | $5.3M | ||
| Q1 25 | $872.5M | $5.3M | ||
| Q4 24 | $806.8M | $584.6M | ||
| Q3 24 | $706.4M | $5.7M | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
股东权益FORRIOT
| Q4 25 | $1.8B | $2.9B | ||
| Q3 25 | $1.8B | $3.5B | ||
| Q2 25 | $1.7B | $3.3B | ||
| Q1 25 | $1.6B | $2.9B | ||
| Q4 24 | $1.6B | $3.1B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.6B | ||
| Q1 24 | $1.5B | $2.5B |
总资产FORRIOT
| Q4 25 | $3.2B | $3.9B | ||
| Q3 25 | $3.1B | $4.5B | ||
| Q2 25 | $3.1B | $4.3B | ||
| Q1 25 | $3.0B | $3.7B | ||
| Q4 24 | $3.0B | $3.9B | ||
| Q3 24 | $2.8B | $2.9B | ||
| Q2 24 | $2.7B | $2.7B | ||
| Q1 24 | $2.6B | $2.6B |
负债/权益比FORRIOT
| Q4 25 | 0.44× | 0.29× | ||
| Q3 25 | 0.45× | 0.00× | ||
| Q2 25 | 0.52× | 0.00× | ||
| Q1 25 | 0.53× | 0.00× | ||
| Q4 24 | 0.50× | 0.19× | ||
| Q3 24 | 0.44× | 0.00× | ||
| 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 | $-572.9M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-774.3M |
| 自由现金流率自由现金流/营收 | -57.5% | -506.6% |
| 资本支出强度资本支出/营收 | 0.0% | 131.8% |
| 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 | $-1.4B |
8季度趋势，按日历期对齐
经营现金流FORRIOT
| Q4 25 | $-157.0M | $-572.9M | ||
| Q3 25 | $256.3M | $-114.0M | ||
| Q2 25 | $15.8M | $-231.3M | ||
| Q1 25 | $-19.8M | $-122.1M | ||
| Q4 24 | $-450.0M | $-255.1M | ||
| Q3 24 | $119.2M | $-56.3M | ||
| Q2 24 | $-61.7M | $-42.5M | ||
| Q1 24 | $-59.2M | $-57.9M |
自由现金流FORRIOT
| Q4 25 | $-157.1M | $-774.3M | ||
| Q3 25 | $255.6M | $-139.7M | ||
| Q2 25 | $15.0M | $-291.7M | ||
| Q1 25 | $-20.5M | $-154.9M | ||
| Q4 24 | — | $-495.4M | ||
| Q3 24 | $118.4M | $-127.6M | ||
| Q2 24 | $-62.3M | $-96.1M | ||
| Q1 24 | $-59.8M | $-115.2M |
自由现金流率FORRIOT
| Q4 25 | -57.5% | -506.6% | ||
| Q3 25 | 38.1% | -77.5% | ||
| Q2 25 | 3.8% | -190.7% | ||
| Q1 25 | -5.8% | -96.0% | ||
| Q4 24 | — | -347.5% | ||
| Q3 24 | 21.5% | -150.5% | ||
| Q2 24 | -19.6% | -137.2% | ||
| Q1 24 | -17.9% | -145.2% |
资本支出强度FORRIOT
| Q4 25 | 0.0% | 131.8% | ||
| Q3 25 | 0.1% | 14.3% | ||
| Q2 25 | 0.2% | 39.5% | ||
| Q1 25 | 0.2% | 20.4% | ||
| Q4 24 | 0.0% | 168.6% | ||
| Q3 24 | 0.1% | 84.1% | ||
| Q2 24 | 0.2% | 76.5% | ||
| Q1 24 | 0.2% | 72.3% |
现金转化率FORRIOT
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | -1.09× | ||
| Q2 25 | 0.48× | -1.05× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | -1.87× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | — | ||
| Q1 24 | -1.32× | -0.27× |
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% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
