vs
Forestar Group Inc.（FOR）与RAYONIER INC（RYN）财务数据对比。点击上方公司名可切换其他公司
RAYONIER INC的季度营收约是Forestar Group Inc.的1.0倍（$276.8M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -4.5%，领先10.1%），RAYONIER INC同比增速更快（233.9% vs 9.0%），过去两年RAYONIER INC的营收复合增速更高（66.7% 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。
Rayonier Inc.是总部位于佛罗里达州怀尔德莱特的林地房地产投资信托（REIT），资产分布在美国和新西兰的软木种植区域，核心业务板块为木材业务与房地产业务。
FOR vs RYN — 直观对比
营收规模更大
RYN
是对方的1.0倍
$273.0M
营收增速更快
RYN
高出224.9%
9.0%
净利率更高
FOR
高出10.1%
-4.5%
两年增速更快
RYN
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $276.8M |
| 净利润 | $15.4M | $-12.4M |
| 毛利率 | 20.1% | 100.0% |
| 营业利润率 | 7.6% | — |
| 净利率 | 5.6% | -4.5% |
| 营收同比 | 9.0% | 233.9% |
| 净利润同比 | -6.7% | -264.7% |
| 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FORRYN
| Q1 26 | — | $276.8M | ||
| Q4 25 | $273.0M | $117.5M | ||
| Q3 25 | $670.5M | $177.5M | ||
| Q2 25 | $390.5M | $106.5M | ||
| Q1 25 | $351.0M | $82.9M | ||
| Q4 24 | $250.4M | $650.5M | ||
| Q3 24 | $551.3M | $124.1M | ||
| Q2 24 | $318.4M | $99.6M |
净利润FORRYN
| Q1 26 | — | $-12.4M | ||
| Q4 25 | $15.4M | $25.9M | ||
| Q3 25 | $86.9M | $43.2M | ||
| Q2 25 | $32.9M | $408.7M | ||
| Q1 25 | $31.6M | $-3.4M | ||
| Q4 24 | $16.5M | $327.1M | ||
| Q3 24 | $81.5M | $28.8M | ||
| Q2 24 | $38.7M | $1.9M |
毛利率FORRYN
| Q1 26 | — | 100.0% | ||
| Q4 25 | 20.1% | 41.9% | ||
| Q3 25 | 22.3% | 32.9% | ||
| Q2 25 | 20.4% | 29.7% | ||
| Q1 25 | 22.6% | 21.7% | ||
| Q4 24 | 22.0% | 53.8% | ||
| Q3 24 | 23.9% | 30.4% | ||
| Q2 24 | 22.5% | 25.4% |
营业利润率FORRYN
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 23.0% | ||
| Q3 25 | 16.9% | 23.5% | ||
| Q2 25 | 11.2% | 13.7% | ||
| Q1 25 | 11.6% | 0.1% | ||
| Q4 24 | 8.7% | 47.7% | ||
| Q3 24 | 19.7% | 15.2% | ||
| Q2 24 | 16.2% | 4.6% |
净利率FORRYN
| Q1 26 | — | -4.5% | ||
| Q4 25 | 5.6% | 22.1% | ||
| Q3 25 | 13.0% | 24.3% | ||
| Q2 25 | 8.4% | 383.6% | ||
| Q1 25 | 9.0% | -4.1% | ||
| Q4 24 | 6.6% | 45.1% | ||
| Q3 24 | 14.8% | 23.2% | ||
| Q2 24 | 12.2% | 1.9% |
每股收益（稀释后）FORRYN
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $0.14 | ||
| Q3 25 | $1.70 | $0.28 | ||
| Q2 25 | $0.65 | $2.63 | ||
| Q1 25 | $0.62 | $-0.02 | ||
| Q4 24 | $0.32 | $2.18 | ||
| Q3 24 | $1.59 | $0.19 | ||
| Q2 24 | $0.76 | $0.01 |
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 | $681.7M |
| 总债务越低越好 | $793.2M | $2.1B |
| 股东权益账面价值 | $1.8B | $5.3B |
| 总资产 | $3.2B | $7.7B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资FORRYN
| Q1 26 | — | $681.7M | ||
| Q4 25 | $211.7M | $842.9M | ||
| Q3 25 | $379.2M | $919.6M | ||
| Q2 25 | $189.2M | $892.3M | ||
| Q1 25 | $174.3M | $216.2M | ||
| Q4 24 | $132.0M | $303.1M | ||
| Q3 24 | $481.2M | $51.9M | ||
| Q2 24 | $359.2M | $120.2M |
总债务FORRYN
| Q1 26 | — | $2.1B | ||
| Q4 25 | $793.2M | $845.3M | ||
| Q3 25 | $802.7M | $845.1M | ||
| Q2 25 | $872.8M | $844.9M | ||
| Q1 25 | $872.5M | $1.0B | ||
| Q4 24 | $806.8M | $1.0B | ||
| Q3 24 | $706.4M | $1.3B | ||
| Q2 24 | $706.1M | $1.4B |
股东权益FORRYN
| Q1 26 | — | $5.3B | ||
| Q4 25 | $1.8B | $2.2B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.6B | $1.9B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B |
总资产FORRYN
| Q1 26 | — | $7.7B | ||
| Q4 25 | $3.2B | $3.4B | ||
| Q3 25 | $3.1B | $3.5B | ||
| Q2 25 | $3.1B | $3.5B | ||
| Q1 25 | $3.0B | $3.4B | ||
| Q4 24 | $3.0B | $3.5B | ||
| Q3 24 | $2.8B | $3.5B | ||
| Q2 24 | $2.7B | $3.5B |
负债/权益比FORRYN
| Q1 26 | — | 0.39× | ||
| Q4 25 | 0.44× | 0.38× | ||
| Q3 25 | 0.45× | 0.37× | ||
| Q2 25 | 0.52× | 0.37× | ||
| Q1 25 | 0.53× | 0.55× | ||
| Q4 24 | 0.50× | 0.59× | ||
| Q3 24 | 0.44× | 0.72× | ||
| Q2 24 | 0.47× | 0.75× |
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% | 7.4% |
| 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FORRYN
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $256.7M | ||
| Q3 25 | $256.3M | $116.2M | ||
| Q2 25 | $15.8M | $61.0M | ||
| Q1 25 | $-19.8M | $27.7M | ||
| Q4 24 | $-450.0M | $261.6M | ||
| Q3 24 | $119.2M | $66.2M | ||
| Q2 24 | $-61.7M | $55.3M |
自由现金流FORRYN
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | $99.9M | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | $42.2M | ||
| Q2 24 | $-62.3M | — |
自由现金流率FORRYN
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | 56.3% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | 34.0% | ||
| Q2 24 | -19.6% | — |
资本支出强度FORRYN
| Q1 26 | — | 7.4% | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | 9.2% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | 19.3% | ||
| Q2 24 | 0.2% | — |
现金转化率FORRYN
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 9.91× | ||
| Q3 25 | 2.95× | 2.69× | ||
| Q2 25 | 0.48× | 0.15× | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | 0.80× | ||
| Q3 24 | 1.46× | 2.30× | ||
| Q2 24 | -1.59× | 29.07× |
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% |
RYN
| Wood Products | $108.5M | 39% |
| Southern Timber | $88.7M | 32% |
| Real Estate | $59.8M | 22% |
| Northwest Timber | $32.1M | 12% |
