vs
Forestar Group Inc.（FOR）与GIBRALTAR INDUSTRIES, INC.（ROCK）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GIBRALTAR INDUSTRIES, INC.的1.2倍（$273.0M vs $225.0M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 9.0%），GIBRALTAR INDUSTRIES, INC.自由现金流更多（$26.2M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
FOR vs ROCK — 直观对比
营收规模更大
FOR
是对方的1.2倍
$225.0M
营收增速更快
ROCK
高出15.9%
9.0%
自由现金流更多
ROCK
多$183.3M
$-157.1M
两年增速更快
FOR
近两年复合增速
-12.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $225.0M |
| 净利润 | $15.4M | — |
| 毛利率 | 20.1% | 25.3% |
| 营业利润率 | 7.6% | 7.9% |
| 净利率 | 5.6% | — |
| 营收同比 | 9.0% | 24.9% |
| 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FORROCK
| Q4 25 | $273.0M | $225.0M | ||
| Q3 25 | $670.5M | $310.9M | ||
| Q2 25 | $390.5M | $309.5M | ||
| Q1 25 | $351.0M | $290.0M | ||
| Q4 24 | $250.4M | $180.1M | ||
| Q3 24 | $551.3M | $277.1M | ||
| Q2 24 | $318.4M | $273.6M | ||
| Q1 24 | $333.8M | $292.5M |
净利润FORROCK
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | $-89.1M | ||
| Q2 25 | $32.9M | $26.0M | ||
| Q1 25 | $31.6M | $21.1M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | $34.0M | ||
| Q2 24 | $38.7M | $32.2M | ||
| Q1 24 | $45.0M | $24.9M |
毛利率FORROCK
| Q4 25 | 20.1% | 25.3% | ||
| Q3 25 | 22.3% | 26.6% | ||
| Q2 25 | 20.4% | 28.4% | ||
| Q1 25 | 22.6% | 26.8% | ||
| Q4 24 | 22.0% | 29.0% | ||
| Q3 24 | 23.9% | 29.4% | ||
| Q2 24 | 22.5% | 30.5% | ||
| Q1 24 | 24.9% | 28.9% |
营业利润率FORROCK
| Q4 25 | 7.6% | 7.9% | ||
| Q3 25 | 16.9% | 12.8% | ||
| Q2 25 | 11.2% | 12.8% | ||
| Q1 25 | 11.6% | 8.8% | ||
| Q4 24 | 8.7% | 13.3% | ||
| Q3 24 | 19.7% | 15.6% | ||
| Q2 24 | 16.2% | 14.9% | ||
| Q1 24 | 17.6% | 10.8% |
净利率FORROCK
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | -28.6% | ||
| Q2 25 | 8.4% | 8.4% | ||
| Q1 25 | 9.0% | 7.3% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | 12.3% | ||
| Q2 24 | 12.2% | 11.8% | ||
| Q1 24 | 13.5% | 8.5% |
每股收益（稀释后）FORROCK
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | $-2.98 | ||
| Q2 25 | $0.65 | $0.87 | ||
| Q1 25 | $0.62 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | $1.11 | ||
| Q2 24 | $0.76 | $1.05 | ||
| Q1 24 | $0.89 | — |
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 | $115.7M |
| 总债务越低越好 | $793.2M | $0 |
| 股东权益账面价值 | $1.8B | $950.4M |
| 总资产 | $3.2B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FORROCK
| Q4 25 | $211.7M | $115.7M | ||
| Q3 25 | $379.2M | $89.4M | ||
| Q2 25 | $189.2M | $43.3M | ||
| Q1 25 | $174.3M | $25.1M | ||
| Q4 24 | $132.0M | $269.5M | ||
| Q3 24 | $481.2M | $228.9M | ||
| Q2 24 | $359.2M | $179.1M | ||
| Q1 24 | $416.2M | $146.7M |
总债务FORROCK
| Q4 25 | $793.2M | $0 | ||
| Q3 25 | $802.7M | $0 | ||
| Q2 25 | $872.8M | $0 | ||
| Q1 25 | $872.5M | $0 | ||
| Q4 24 | $806.8M | $0 | ||
| Q3 24 | $706.4M | $0 | ||
| Q2 24 | $706.1M | $0 | ||
| Q1 24 | $705.7M | $0 |
股东权益FORROCK
| Q4 25 | $1.8B | $950.4M | ||
| Q3 25 | $1.8B | $951.8M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.6B | $1.0B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.5B | $975.7M | ||
| Q1 24 | $1.5B | $940.2M |
总资产FORROCK
| Q4 25 | $3.2B | $1.4B | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.1B | $1.5B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.3B |
负债/权益比FORROCK
| Q4 25 | 0.44× | 0.00× | ||
| Q3 25 | 0.45× | 0.00× | ||
| Q2 25 | 0.52× | 0.00× | ||
| Q1 25 | 0.53× | 0.00× | ||
| Q4 24 | 0.50× | 0.00× | ||
| Q3 24 | 0.44× | 0.00× | ||
| Q2 24 | 0.47× | 0.00× | ||
| Q1 24 | 0.48× | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $26.2M |
| 自由现金流率自由现金流/营收 | -57.5% | 11.7% |
| 资本支出强度资本支出/营收 | 0.0% | 4.1% |
| 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 | $120.6M |
8季度趋势，按日历期对齐
经营现金流FORROCK
| Q4 25 | $-157.0M | $35.5M | ||
| Q3 25 | $256.3M | $73.0M | ||
| Q2 25 | $15.8M | $44.9M | ||
| Q1 25 | $-19.8M | $13.7M | ||
| Q4 24 | $-450.0M | $19.9M | ||
| Q3 24 | $119.2M | $64.7M | ||
| Q2 24 | $-61.7M | $36.5M | ||
| Q1 24 | $-59.2M | $53.2M |
自由现金流FORROCK
| Q4 25 | $-157.1M | $26.2M | ||
| Q3 25 | $255.6M | $64.8M | ||
| Q2 25 | $15.0M | $27.3M | ||
| Q1 25 | $-20.5M | $2.3M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | $118.4M | $60.5M | ||
| Q2 24 | $-62.3M | $33.5M | ||
| Q1 24 | $-59.8M | $48.8M |
自由现金流率FORROCK
| Q4 25 | -57.5% | 11.7% | ||
| Q3 25 | 38.1% | 20.8% | ||
| Q2 25 | 3.8% | 8.8% | ||
| Q1 25 | -5.8% | 0.8% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | 21.5% | 21.8% | ||
| Q2 24 | -19.6% | 12.2% | ||
| Q1 24 | -17.9% | 16.7% |
资本支出强度FORROCK
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.1% | 2.6% | ||
| Q2 25 | 0.2% | 5.7% | ||
| Q1 25 | 0.2% | 3.9% | ||
| Q4 24 | 0.0% | 3.3% | ||
| Q3 24 | 0.1% | 1.5% | ||
| Q2 24 | 0.2% | 1.1% | ||
| Q1 24 | 0.2% | 1.5% |
现金转化率FORROCK
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 1.73× | ||
| Q1 25 | -0.63× | 0.65× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 1.90× | ||
| Q2 24 | -1.59× | 1.13× | ||
| Q1 24 | -1.32× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
