vs
Forestar Group Inc.（FOR）与印度钢铁管理局（SAIL）财务数据对比。点击上方公司名可切换其他公司
印度钢铁管理局的季度营收约是Forestar Group Inc.的1.0倍（$281.9M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -12.8%，领先18.4%），Forestar Group Inc.同比增速更快（9.0% vs 6.7%），印度钢铁管理局自由现金流更多（$52.5M vs $-157.1M）
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。
印度钢铁管理局（SAIL）是总部位于新德里的印度公营钢铁制造企业，属印度最高级别的“马哈拉特纳”中央公共部门企业，是印度最大的国有钢铁生产商，年钢铁产量达1829万吨，1973年1月24日成立，现有员工5.1万余名，由印度钢铁部行政管理。
FOR vs SAIL — 直观对比
营收规模更大
SAIL
是对方的1.0倍
$273.0M
营收增速更快
FOR
高出2.4%
6.7%
净利率更高
FOR
高出18.4%
-12.8%
自由现金流更多
SAIL
多$209.6M
$-157.1M
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $281.9M |
| 净利润 | $15.4M | $-36.0M |
| 毛利率 | 20.1% | 66.3% |
| 营业利润率 | 7.6% | -14.8% |
| 净利率 | 5.6% | -12.8% |
| 营收同比 | 9.0% | 6.7% |
| 净利润同比 | -6.7% | -240.9% |
| 每股收益（稀释后） | $0.30 | $-0.06 |
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FORSAIL
| Q4 25 | $273.0M | $281.9M | ||
| Q3 25 | $670.5M | $264.4M | ||
| Q2 25 | $390.5M | $230.5M | ||
| Q1 25 | $351.0M | $240.1M | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $551.3M | $198.6M | ||
| Q2 24 | $318.4M | $187.7M | ||
| Q1 24 | $333.8M | — |
净利润FORSAIL
| Q4 25 | $15.4M | $-36.0M | ||
| Q3 25 | $86.9M | $-10.6M | ||
| Q2 25 | $32.9M | $-187.3M | ||
| Q1 25 | $31.6M | $-80.1M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | $-87.1M | ||
| Q2 24 | $38.7M | $-89.2M | ||
| Q1 24 | $45.0M | — |
毛利率FORSAIL
| Q4 25 | 20.1% | 66.3% | ||
| Q3 25 | 22.3% | 67.3% | ||
| Q2 25 | 20.4% | 55.4% | ||
| Q1 25 | 22.6% | 66.5% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | 62.1% | ||
| Q2 24 | 22.5% | 61.5% | ||
| Q1 24 | 24.9% | — |
营业利润率FORSAIL
| Q4 25 | 7.6% | -14.8% | ||
| Q3 25 | 16.9% | -15.4% | ||
| Q2 25 | 11.2% | -80.3% | ||
| Q1 25 | 11.6% | -12.6% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | -33.2% | ||
| Q2 24 | 16.2% | -36.3% | ||
| Q1 24 | 17.6% | — |
净利率FORSAIL
| Q4 25 | 5.6% | -12.8% | ||
| Q3 25 | 13.0% | -4.0% | ||
| Q2 25 | 8.4% | -81.3% | ||
| Q1 25 | 9.0% | -33.4% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | -43.9% | ||
| Q2 24 | 12.2% | -47.5% | ||
| Q1 24 | 13.5% | — |
每股收益（稀释后）FORSAIL
| Q4 25 | $0.30 | $-0.06 | ||
| Q3 25 | $1.70 | $-0.02 | ||
| Q2 25 | $0.65 | $-0.42 | ||
| Q1 25 | $0.62 | $-6.50 | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | $-2.97 | ||
| Q2 24 | $0.76 | $-0.77 | ||
| 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 | $298.1M |
| 总债务越低越好 | $793.2M | $0 |
| 股东权益账面价值 | $1.8B | $6.8B |
| 总资产 | $3.2B | $7.5B |
| 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FORSAIL
| Q4 25 | $211.7M | $298.1M | ||
| Q3 25 | $379.2M | $271.1M | ||
| Q2 25 | $189.2M | $228.1M | ||
| Q1 25 | $174.3M | $121.3M | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | $89.7M | ||
| Q2 24 | $359.2M | $146.8M | ||
| Q1 24 | $416.2M | — |
总债务FORSAIL
| Q4 25 | $793.2M | $0 | ||
| Q3 25 | $802.7M | $0 | ||
| Q2 25 | $872.8M | $0 | ||
| Q1 25 | $872.5M | $1.0B | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
股东权益FORSAIL
| Q4 25 | $1.8B | $6.8B | ||
| Q3 25 | $1.8B | $6.8B | ||
| Q2 25 | $1.7B | $6.8B | ||
| Q1 25 | $1.6B | $-5.6B | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $-701.3M | ||
| Q2 24 | $1.5B | $-622.5M | ||
| Q1 24 | $1.5B | — |
总资产FORSAIL
| Q4 25 | $3.2B | $7.5B | ||
| Q3 25 | $3.1B | $7.4B | ||
| Q2 25 | $3.1B | $7.4B | ||
| Q1 25 | $3.0B | $7.4B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.6B | — |
负债/权益比FORSAIL
| Q4 25 | 0.44× | 0.00× | ||
| Q3 25 | 0.45× | 0.00× | ||
| Q2 25 | 0.52× | 0.00× | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.48× | — |
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 | $53.6M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $52.5M |
| 自由现金流率自由现金流/营收 | -57.5% | 18.6% |
| 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× | — |
| 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FORSAIL
| Q4 25 | $-157.0M | $53.6M | ||
| Q3 25 | $256.3M | $49.9M | ||
| Q2 25 | $15.8M | $-96.8M | ||
| Q1 25 | $-19.8M | — | ||
| Q4 24 | $-450.0M | — | ||
| Q3 24 | $119.2M | — | ||
| Q2 24 | $-61.7M | $-55.4M | ||
| Q1 24 | $-59.2M | — |
自由现金流FORSAIL
| Q4 25 | $-157.1M | $52.5M | ||
| Q3 25 | $255.6M | $49.0M | ||
| Q2 25 | $15.0M | $-99.0M | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | $-56.0M | ||
| Q1 24 | $-59.8M | — |
自由现金流率FORSAIL
| Q4 25 | -57.5% | 18.6% | ||
| Q3 25 | 38.1% | 18.5% | ||
| Q2 25 | 3.8% | -43.0% | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | -29.8% | ||
| Q1 24 | -17.9% | — |
资本支出强度FORSAIL
| Q4 25 | 0.0% | 0.4% | ||
| Q3 25 | 0.1% | 0.4% | ||
| Q2 25 | 0.2% | 1.0% | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | 0.3% | ||
| Q1 24 | 0.2% | — |
现金转化率FORSAIL
| 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% |
SAIL
| Software As A Service Saa S | $156.0M | 55% |
| Term Subscriptions Services | $65.1M | 23% |
| Maintenance | $38.0M | 13% |
| Other | $15.7M | 6% |
| Other Subscription Services | $7.1M | 3% |
