vs
Forestar Group Inc.（FOR）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.5倍（$273.0M vs $179.7M），Forestar Group Inc.净利率更高（5.6% vs -29.5%，领先35.1%），Rocket Lab Corp同比增速更快（35.7% vs 9.0%），Rocket Lab Corp自由现金流更多（$-114.2M vs $-157.1M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% 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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
FOR vs RKLB — 直观对比
营收规模更大
FOR
是对方的1.5倍
$179.7M
营收增速更快
RKLB
高出26.7%
9.0%
净利率更高
FOR
高出35.1%
-29.5%
自由现金流更多
RKLB
多$42.9M
$-157.1M
两年增速更快
RKLB
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $179.7M |
| 净利润 | $15.4M | $-52.9M |
| 毛利率 | 20.1% | 38.0% |
| 营业利润率 | 7.6% | -28.4% |
| 净利率 | 5.6% | -29.5% |
| 营收同比 | 9.0% | 35.7% |
| 净利润同比 | -6.7% | -1.1% |
| 每股收益（稀释后） | $0.30 | $-0.09 |
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FORRKLB
| Q4 25 | $273.0M | $179.7M | ||
| Q3 25 | $670.5M | $155.1M | ||
| Q2 25 | $390.5M | $144.5M | ||
| Q1 25 | $351.0M | $122.6M | ||
| Q4 24 | $250.4M | $132.4M | ||
| Q3 24 | $551.3M | $104.8M | ||
| Q2 24 | $318.4M | $106.3M | ||
| Q1 24 | $333.8M | $92.8M |
净利润FORRKLB
| Q4 25 | $15.4M | $-52.9M | ||
| Q3 25 | $86.9M | $-18.3M | ||
| Q2 25 | $32.9M | $-66.4M | ||
| Q1 25 | $31.6M | $-60.6M | ||
| Q4 24 | $16.5M | $-52.3M | ||
| Q3 24 | $81.5M | $-51.9M | ||
| Q2 24 | $38.7M | $-41.6M | ||
| Q1 24 | $45.0M | $-44.3M |
毛利率FORRKLB
| Q4 25 | 20.1% | 38.0% | ||
| Q3 25 | 22.3% | 37.0% | ||
| Q2 25 | 20.4% | 32.1% | ||
| Q1 25 | 22.6% | 28.8% | ||
| Q4 24 | 22.0% | 27.8% | ||
| Q3 24 | 23.9% | 26.7% | ||
| Q2 24 | 22.5% | 25.6% | ||
| Q1 24 | 24.9% | 26.1% |
营业利润率FORRKLB
| Q4 25 | 7.6% | -28.4% | ||
| Q3 25 | 16.9% | -38.0% | ||
| Q2 25 | 11.2% | -41.3% | ||
| Q1 25 | 11.6% | -48.3% | ||
| Q4 24 | 8.7% | -38.9% | ||
| Q3 24 | 19.7% | -49.5% | ||
| Q2 24 | 16.2% | -40.7% | ||
| Q1 24 | 17.6% | -46.4% |
净利率FORRKLB
| Q4 25 | 5.6% | -29.5% | ||
| Q3 25 | 13.0% | -11.8% | ||
| Q2 25 | 8.4% | -46.0% | ||
| Q1 25 | 9.0% | -49.5% | ||
| Q4 24 | 6.6% | -39.5% | ||
| Q3 24 | 14.8% | -49.6% | ||
| Q2 24 | 12.2% | -39.2% | ||
| Q1 24 | 13.5% | -47.7% |
每股收益（稀释后）FORRKLB
| Q4 25 | $0.30 | $-0.09 | ||
| Q3 25 | $1.70 | $-0.03 | ||
| Q2 25 | $0.65 | $-0.13 | ||
| Q1 25 | $0.62 | $-0.12 | ||
| Q4 24 | $0.32 | $-0.11 | ||
| Q3 24 | $1.59 | $-0.10 | ||
| Q2 24 | $0.76 | $-0.08 | ||
| Q1 24 | $0.89 | $-0.09 |
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 | $1.0B |
| 总债务越低越好 | $793.2M | $152.4M |
| 股东权益账面价值 | $1.8B | $1.7B |
| 总资产 | $3.2B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资FORRKLB
| Q4 25 | $211.7M | $1.0B | ||
| Q3 25 | $379.2M | $976.7M | ||
| Q2 25 | $189.2M | $688.1M | ||
| Q1 25 | $174.3M | $428.4M | ||
| Q4 24 | $132.0M | $419.0M | ||
| Q3 24 | $481.2M | $442.4M | ||
| Q2 24 | $359.2M | $496.8M | ||
| Q1 24 | $416.2M | $492.5M |
总债务FORRKLB
| Q4 25 | $793.2M | $152.4M | ||
| Q3 25 | $802.7M | $347.0M | ||
| Q2 25 | $872.8M | $346.5M | ||
| Q1 25 | $872.5M | $345.9M | ||
| Q4 24 | $806.8M | $345.4M | ||
| Q3 24 | $706.4M | $61.2M | ||
| Q2 24 | $706.1M | $64.2M | ||
| Q1 24 | $705.7M | $66.8M |
股东权益FORRKLB
| Q4 25 | $1.8B | $1.7B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.7B | $688.5M | ||
| Q1 25 | $1.6B | $431.3M | ||
| Q4 24 | $1.6B | $382.5M | ||
| Q3 24 | $1.6B | $419.8M | ||
| Q2 24 | $1.5B | $455.2M | ||
| Q1 24 | $1.5B | $478.9M |
总资产FORRKLB
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.1B | $2.2B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.0B | $1.3B | ||
| Q4 24 | $3.0B | $1.2B | ||
| Q3 24 | $2.8B | $1.2B | ||
| Q2 24 | $2.7B | $1.2B | ||
| Q1 24 | $2.6B | $1.2B |
负债/权益比FORRKLB
| Q4 25 | 0.44× | 0.09× | ||
| Q3 25 | 0.45× | 0.27× | ||
| Q2 25 | 0.52× | 0.50× | ||
| Q1 25 | 0.53× | 0.80× | ||
| Q4 24 | 0.50× | 0.90× | ||
| Q3 24 | 0.44× | 0.15× | ||
| Q2 24 | 0.47× | 0.14× | ||
| Q1 24 | 0.48× | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-114.2M |
| 自由现金流率自由现金流/营收 | -57.5% | -63.6% |
| 资本支出强度资本支出/营收 | 0.0% | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
经营现金流FORRKLB
| Q4 25 | $-157.0M | $-64.5M | ||
| Q3 25 | $256.3M | $-23.5M | ||
| Q2 25 | $15.8M | $-23.2M | ||
| Q1 25 | $-19.8M | $-54.2M | ||
| Q4 24 | $-450.0M | $-2.4M | ||
| Q3 24 | $119.2M | $-30.9M | ||
| Q2 24 | $-61.7M | $-13.0M | ||
| Q1 24 | $-59.2M | $-2.6M |
自由现金流FORRKLB
| Q4 25 | $-157.1M | $-114.2M | ||
| Q3 25 | $255.6M | $-69.4M | ||
| Q2 25 | $15.0M | $-55.3M | ||
| Q1 25 | $-20.5M | $-82.9M | ||
| Q4 24 | — | $-23.9M | ||
| Q3 24 | $118.4M | $-41.9M | ||
| Q2 24 | $-62.3M | $-28.3M | ||
| Q1 24 | $-59.8M | $-21.8M |
自由现金流率FORRKLB
| Q4 25 | -57.5% | -63.6% | ||
| Q3 25 | 38.1% | -44.8% | ||
| Q2 25 | 3.8% | -38.3% | ||
| Q1 25 | -5.8% | -67.6% | ||
| Q4 24 | — | -18.1% | ||
| Q3 24 | 21.5% | -40.0% | ||
| Q2 24 | -19.6% | -26.7% | ||
| Q1 24 | -17.9% | -23.5% |
资本支出强度FORRKLB
| Q4 25 | 0.0% | 27.6% | ||
| Q3 25 | 0.1% | 29.6% | ||
| Q2 25 | 0.2% | 22.2% | ||
| Q1 25 | 0.2% | 23.4% | ||
| Q4 24 | 0.0% | 16.3% | ||
| Q3 24 | 0.1% | 10.5% | ||
| Q2 24 | 0.2% | 14.4% | ||
| Q1 24 | 0.2% | 20.7% |
现金转化率FORRKLB
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| 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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
