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Forestar Group Inc.（FOR）与RLI CORP（RLI）财务数据对比。点击上方公司名可切换其他公司
RLI CORP的季度营收约是Forestar Group Inc.的1.7倍（$465.7M vs $273.0M），RLI CORP净利率更高（19.6% vs 5.6%，领先13.9%），Forestar Group Inc.同比增速更快（9.0% vs 6.1%），RLI CORP自由现金流更多（$155.0M vs $-157.1M），过去两年RLI CORP的营收复合增速更高（2.3% 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。
RLI Corp是一家总部位于美国伊利诺伊州皮奥里亚的专业保险公司，主营财产保险与意外伤害保险业务，深耕保险领域多年，凭借成熟的风险管控体系与定制化产品矩阵，为不同类型的客户提供全面可靠的风险保障服务。
FOR vs RLI — 直观对比
营收规模更大
RLI
是对方的1.7倍
$273.0M
营收增速更快
FOR
高出3.0%
6.1%
净利率更高
RLI
高出13.9%
5.6%
自由现金流更多
RLI
多$312.1M
$-157.1M
两年增速更快
RLI
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $465.7M |
| 净利润 | $15.4M | $91.2M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 24.4% |
| 净利率 | 5.6% | 19.6% |
| 营收同比 | 9.0% | 6.1% |
| 净利润同比 | -6.7% | 123.1% |
| 每股收益（稀释后） | $0.30 | $1.00 |
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FORRLI
| Q4 25 | $273.0M | $465.7M | ||
| Q3 25 | $670.5M | $509.3M | ||
| Q2 25 | $390.5M | $499.8M | ||
| Q1 25 | $351.0M | $407.7M | ||
| Q4 24 | $250.4M | $439.1M | ||
| Q3 24 | $551.3M | $470.0M | ||
| Q2 24 | $318.4M | $416.4M | ||
| Q1 24 | $333.8M | $444.8M |
净利润FORRLI
| Q4 25 | $15.4M | $91.2M | ||
| Q3 25 | $86.9M | $124.6M | ||
| Q2 25 | $32.9M | $124.3M | ||
| Q1 25 | $31.6M | $63.2M | ||
| Q4 24 | $16.5M | $40.9M | ||
| Q3 24 | $81.5M | $95.0M | ||
| Q2 24 | $38.7M | $82.0M | ||
| Q1 24 | $45.0M | $127.9M |
毛利率FORRLI
| 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FORRLI
| Q4 25 | 7.6% | 24.4% | ||
| Q3 25 | 16.9% | 30.9% | ||
| Q2 25 | 11.2% | 31.3% | ||
| Q1 25 | 11.6% | 19.3% | ||
| Q4 24 | 8.7% | 10.8% | ||
| Q3 24 | 19.7% | 24.9% | ||
| Q2 24 | 16.2% | 24.8% | ||
| Q1 24 | 17.6% | 36.0% |
净利率FORRLI
| Q4 25 | 5.6% | 19.6% | ||
| Q3 25 | 13.0% | 24.5% | ||
| Q2 25 | 8.4% | 24.9% | ||
| Q1 25 | 9.0% | 15.5% | ||
| Q4 24 | 6.6% | 9.3% | ||
| Q3 24 | 14.8% | 20.2% | ||
| Q2 24 | 12.2% | 19.7% | ||
| Q1 24 | 13.5% | 28.8% |
每股收益（稀释后）FORRLI
| Q4 25 | $0.30 | $1.00 | ||
| Q3 25 | $1.70 | $1.35 | ||
| Q2 25 | $0.65 | $1.34 | ||
| Q1 25 | $0.62 | $0.68 | ||
| Q4 24 | $0.32 | $-2.87 | ||
| Q3 24 | $1.59 | $2.06 | ||
| Q2 24 | $0.76 | $1.78 | ||
| Q1 24 | $0.89 | $2.77 |
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 | — |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $1.8B |
| 总资产 | $3.2B | $6.2B |
| 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FORRLI
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | — | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $174.3M | — | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | — | ||
| Q2 24 | $359.2M | — | ||
| Q1 24 | $416.2M | — |
总债务FORRLI
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | $100.0M | ||
| Q2 25 | $872.8M | $100.0M | ||
| Q1 25 | $872.5M | $100.0M | ||
| Q4 24 | $806.8M | $100.0M | ||
| Q3 24 | $706.4M | $100.0M | ||
| Q2 24 | $706.1M | $100.0M | ||
| Q1 24 | $705.7M | $100.0M |
股东权益FORRLI
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.8B | $1.9B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.6B | ||
| Q1 24 | $1.5B | $1.5B |
总资产FORRLI
| Q4 25 | $3.2B | $6.2B | ||
| Q3 25 | $3.1B | $6.2B | ||
| Q2 25 | $3.1B | $6.0B | ||
| Q1 25 | $3.0B | $5.7B | ||
| Q4 24 | $3.0B | $5.6B | ||
| Q3 24 | $2.8B | $5.8B | ||
| Q2 24 | $2.7B | $5.5B | ||
| Q1 24 | $2.6B | $5.3B |
负债/权益比FORRLI
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | 0.05× | ||
| Q2 25 | 0.52× | 0.06× | ||
| Q1 25 | 0.53× | 0.06× | ||
| Q4 24 | 0.50× | 0.07× | ||
| Q3 24 | 0.44× | 0.06× | ||
| Q2 24 | 0.47× | 0.06× | ||
| Q1 24 | 0.48× | 0.07× |
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 | $156.8M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $155.0M |
| 自由现金流率自由现金流/营收 | -57.5% | 33.3% |
| 资本支出强度资本支出/营收 | 0.0% | 0.4% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.72× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $608.7M |
8季度趋势，按日历期对齐
经营现金流FORRLI
| Q4 25 | $-157.0M | $156.8M | ||
| Q3 25 | $256.3M | $179.2M | ||
| Q2 25 | $15.8M | $174.7M | ||
| Q1 25 | $-19.8M | $103.5M | ||
| Q4 24 | $-450.0M | $128.1M | ||
| Q3 24 | $119.2M | $219.4M | ||
| Q2 24 | $-61.7M | $141.8M | ||
| Q1 24 | $-59.2M | $70.9M |
自由现金流FORRLI
| Q4 25 | $-157.1M | $155.0M | ||
| Q3 25 | $255.6M | $177.8M | ||
| Q2 25 | $15.0M | $173.4M | ||
| Q1 25 | $-20.5M | $102.5M | ||
| Q4 24 | — | $127.6M | ||
| Q3 24 | $118.4M | $219.0M | ||
| Q2 24 | $-62.3M | $139.1M | ||
| Q1 24 | $-59.8M | $69.9M |
自由现金流率FORRLI
| Q4 25 | -57.5% | 33.3% | ||
| Q3 25 | 38.1% | 34.9% | ||
| Q2 25 | 3.8% | 34.7% | ||
| Q1 25 | -5.8% | 25.1% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | 21.5% | 46.6% | ||
| Q2 24 | -19.6% | 33.4% | ||
| Q1 24 | -17.9% | 15.7% |
资本支出强度FORRLI
| Q4 25 | 0.0% | 0.4% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.2% | 0.3% | ||
| Q1 25 | 0.2% | 0.3% | ||
| Q4 24 | 0.0% | 0.1% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 0.7% | ||
| Q1 24 | 0.2% | 0.2% |
现金转化率FORRLI
| Q4 25 | -10.19× | 1.72× | ||
| Q3 25 | 2.95× | 1.44× | ||
| Q2 25 | 0.48× | 1.41× | ||
| Q1 25 | -0.63× | 1.64× | ||
| Q4 24 | -27.27× | 3.13× | ||
| Q3 24 | 1.46× | 2.31× | ||
| Q2 24 | -1.59× | 1.73× | ||
| Q1 24 | -1.32× | 0.55× |
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% |
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
