vs
Forestar Group Inc.（FOR）与RLJ Lodging Trust（RLJ）财务数据对比。点击上方公司名可切换其他公司
RLJ Lodging Trust的季度营收约是Forestar Group Inc.的1.2倍（$340.0M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -1.9%，领先7.5%），Forestar Group Inc.同比增速更快（9.0% vs 3.6%），过去两年RLJ Lodging Trust的营收复合增速更高（-4.1% 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。
RLJ集团是美国企业家罗伯特·路易斯·约翰逊创办的资产管理企业。约翰逊在2001年出售自己一手创立的黑人娱乐电视台后，于马里兰州贝塞斯达成立了这家公司。集团业务覆盖酒店不动产投资、私募股权投资、金融服务、资产管理、保险、汽车经销、文体娱乐以及电子彩票 gaming 等多个领域，总部设于贝塞斯达。
FOR vs RLJ — 直观对比
营收规模更大
RLJ
是对方的1.2倍
$273.0M
营收增速更快
FOR
高出5.4%
3.6%
净利率更高
FOR
高出7.5%
-1.9%
两年增速更快
RLJ
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $340.0M |
| 净利润 | $15.4M | $-6.4M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 8.2% |
| 净利率 | 5.6% | -1.9% |
| 营收同比 | 9.0% | 3.6% |
| 净利润同比 | -6.7% | — |
| 每股收益（稀释后） | $0.30 | — |
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FORRLJ
| Q1 26 | — | $340.0M | ||
| Q4 25 | $273.0M | $328.6M | ||
| Q3 25 | $670.5M | $330.0M | ||
| Q2 25 | $390.5M | $363.1M | ||
| Q1 25 | $351.0M | $328.1M | ||
| Q4 24 | $250.4M | $330.0M | ||
| Q3 24 | $551.3M | $345.7M | ||
| Q2 24 | $318.4M | $369.3M |
净利润FORRLJ
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $15.4M | $430.0K | ||
| Q3 25 | $86.9M | $-3.7M | ||
| Q2 25 | $32.9M | $28.5M | ||
| Q1 25 | $31.6M | $3.4M | ||
| Q4 24 | $16.5M | $5.4M | ||
| Q3 24 | $81.5M | $20.6M | ||
| Q2 24 | $38.7M | $37.1M |
毛利率FORRLJ
| Q1 26 | — | — | ||
| 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% | — |
营业利润率FORRLJ
| Q1 26 | — | 8.2% | ||
| Q4 25 | 7.6% | 0.2% | ||
| Q3 25 | 16.9% | -1.0% | ||
| Q2 25 | 11.2% | 8.0% | ||
| Q1 25 | 11.6% | 1.1% | ||
| Q4 24 | 8.7% | 1.8% | ||
| Q3 24 | 19.7% | 6.1% | ||
| Q2 24 | 16.2% | 10.2% |
净利率FORRLJ
| Q1 26 | — | -1.9% | ||
| Q4 25 | 5.6% | 0.1% | ||
| Q3 25 | 13.0% | -1.1% | ||
| Q2 25 | 8.4% | 7.8% | ||
| Q1 25 | 9.0% | 1.0% | ||
| Q4 24 | 6.6% | 1.6% | ||
| Q3 24 | 14.8% | 6.0% | ||
| Q2 24 | 12.2% | 10.0% |
每股收益（稀释后）FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $-0.05 | ||
| Q3 25 | $1.70 | $-0.07 | ||
| Q2 25 | $0.65 | $0.15 | ||
| Q1 25 | $0.62 | $-0.02 | ||
| Q4 24 | $0.32 | $-0.01 | ||
| Q3 24 | $1.59 | $0.09 | ||
| Q2 24 | $0.76 | $0.20 |
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 | $353.1M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $2.1B |
| 总资产 | $3.2B | $4.7B |
| 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FORRLJ
| Q1 26 | — | $353.1M | ||
| Q4 25 | $211.7M | $410.2M | ||
| Q3 25 | $379.2M | $374.8M | ||
| Q2 25 | $189.2M | $373.9M | ||
| Q1 25 | $174.3M | $347.5M | ||
| Q4 24 | $132.0M | $409.8M | ||
| Q3 24 | $481.2M | $385.4M | ||
| Q2 24 | $359.2M | $371.1M |
总债务FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $2.2B | ||
| Q3 25 | $802.7M | $2.2B | ||
| Q2 25 | $872.8M | $2.2B | ||
| Q1 25 | $872.5M | $2.2B | ||
| Q4 24 | $806.8M | $2.2B | ||
| Q3 24 | $706.4M | $2.2B | ||
| Q2 24 | $706.1M | $2.2B |
股东权益FORRLJ
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.7B | $2.2B | ||
| Q1 25 | $1.6B | $2.2B | ||
| Q4 24 | $1.6B | $2.3B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.5B | $2.3B |
总资产FORRLJ
| Q1 26 | — | $4.7B | ||
| Q4 25 | $3.2B | $4.7B | ||
| Q3 25 | $3.1B | $4.8B | ||
| Q2 25 | $3.1B | $4.8B | ||
| Q1 25 | $3.0B | $4.8B | ||
| Q4 24 | $3.0B | $4.9B | ||
| Q3 24 | $2.8B | $4.9B | ||
| Q2 24 | $2.7B | $4.9B |
负债/权益比FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | 1.01× | ||
| Q3 25 | 0.45× | 1.01× | ||
| Q2 25 | 0.52× | 1.00× | ||
| Q1 25 | 0.53× | 0.99× | ||
| Q4 24 | 0.50× | 0.97× | ||
| Q3 24 | 0.44× | 0.96× | ||
| Q2 24 | 0.47× | 0.95× |
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 | — |
| 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× | — |
| 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FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $243.8M | ||
| Q3 25 | $256.3M | $63.3M | ||
| Q2 25 | $15.8M | $101.3M | ||
| Q1 25 | $-19.8M | $16.3M | ||
| Q4 24 | $-450.0M | $285.4M | ||
| Q3 24 | $119.2M | $80.1M | ||
| Q2 24 | $-61.7M | $113.5M |
自由现金流FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $117.4M | ||
| Q3 25 | $255.6M | $33.6M | ||
| Q2 25 | $15.0M | $66.1M | ||
| Q1 25 | $-20.5M | $-30.5M | ||
| Q4 24 | — | $148.9M | ||
| Q3 24 | $118.4M | $45.4M | ||
| Q2 24 | $-62.3M | $74.9M |
自由现金流率FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 35.7% | ||
| Q3 25 | 38.1% | 10.2% | ||
| Q2 25 | 3.8% | 18.2% | ||
| Q1 25 | -5.8% | -9.3% | ||
| Q4 24 | — | 45.1% | ||
| Q3 24 | 21.5% | 13.1% | ||
| Q2 24 | -19.6% | 20.3% |
资本支出强度FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 38.5% | ||
| Q3 25 | 0.1% | 9.0% | ||
| Q2 25 | 0.2% | 9.7% | ||
| Q1 25 | 0.2% | 14.3% | ||
| Q4 24 | 0.0% | 41.4% | ||
| Q3 24 | 0.1% | 10.0% | ||
| Q2 24 | 0.2% | 10.4% |
现金转化率FORRLJ
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 566.97× | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 3.56× | ||
| Q1 25 | -0.63× | 4.85× | ||
| Q4 24 | -27.27× | 53.09× | ||
| Q3 24 | 1.46× | 3.89× | ||
| Q2 24 | -1.59× | 3.06× |
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% |
RLJ
| Room revenue | $275.3M | 81% |
| Food and beverage revenue | $39.7M | 12% |
| Other revenue | $25.0M | 7% |
