vs
Forestar Group Inc.（FOR）与Sabra Health Care REIT, Inc.（SBRA）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Sabra Health Care REIT, Inc.的1.2倍（$273.0M vs $221.8M），Sabra Health Care REIT, Inc.净利率更高（18.4% vs 5.6%，领先12.8%），Sabra Health Care REIT, Inc.同比增速更快（20.8% vs 9.0%），过去两年Sabra Health Care REIT, Inc.的营收复合增速更高（12.2% 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。
Sabra Health Care REIT, Inc. 是一家专注于医疗保健领域的房地产投资信托公司，投资、持有并运营包括养老社区、专业护理中心、专科医院及医疗办公楼在内的各类医疗地产资产，主要业务覆盖美国全境。
FOR vs SBRA — 直观对比
营收规模更大
FOR
是对方的1.2倍
$221.8M
营收增速更快
SBRA
高出11.8%
9.0%
净利率更高
SBRA
高出12.8%
5.6%
两年增速更快
SBRA
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $221.8M |
| 净利润 | $15.4M | $40.8M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | — |
| 净利率 | 5.6% | 18.4% |
| 营收同比 | 9.0% | 20.8% |
| 净利润同比 | -6.7% | 1.3% |
| 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FORSBRA
| Q1 26 | — | $221.8M | ||
| Q4 25 | $273.0M | $211.9M | ||
| Q3 25 | $670.5M | $190.0M | ||
| Q2 25 | $390.5M | $189.2M | ||
| Q1 25 | $351.0M | $183.5M | ||
| Q4 24 | $250.4M | $182.3M | ||
| Q3 24 | $551.3M | $178.0M | ||
| Q2 24 | $318.4M | $176.1M |
净利润FORSBRA
| Q1 26 | — | $40.8M | ||
| Q4 25 | $15.4M | $27.2M | ||
| Q3 25 | $86.9M | $22.5M | ||
| Q2 25 | $32.9M | $65.5M | ||
| Q1 25 | $31.6M | $40.3M | ||
| Q4 24 | $16.5M | $46.7M | ||
| Q3 24 | $81.5M | $29.8M | ||
| Q2 24 | $38.7M | $24.0M |
毛利率FORSBRA
| 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FORSBRA
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 12.3% | ||
| Q3 25 | 16.9% | 11.4% | ||
| Q2 25 | 11.2% | 34.5% | ||
| Q1 25 | 11.6% | 22.1% | ||
| Q4 24 | 8.7% | 25.9% | ||
| Q3 24 | 19.7% | 16.5% | ||
| Q2 24 | 16.2% | 13.8% |
净利率FORSBRA
| Q1 26 | — | 18.4% | ||
| Q4 25 | 5.6% | 12.8% | ||
| Q3 25 | 13.0% | 11.9% | ||
| Q2 25 | 8.4% | 34.7% | ||
| Q1 25 | 9.0% | 22.0% | ||
| Q4 24 | 6.6% | 25.6% | ||
| Q3 24 | 14.8% | 16.7% | ||
| Q2 24 | 12.2% | 13.6% |
每股收益（稀释后）FORSBRA
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $0.11 | ||
| Q3 25 | $1.70 | $0.09 | ||
| Q2 25 | $0.65 | $0.27 | ||
| Q1 25 | $0.62 | $0.17 | ||
| Q4 24 | $0.32 | $0.20 | ||
| Q3 24 | $1.59 | $0.13 | ||
| Q2 24 | $0.76 | $0.10 |
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 | $116.5M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $2.8B |
| 总资产 | $3.2B | $5.6B |
| 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FORSBRA
| Q1 26 | — | $116.5M | ||
| Q4 25 | $211.7M | $71.5M | ||
| Q3 25 | $379.2M | $200.6M | ||
| Q2 25 | $189.2M | $95.2M | ||
| Q1 25 | $174.3M | $22.7M | ||
| Q4 24 | $132.0M | $60.5M | ||
| Q3 24 | $481.2M | $63.0M | ||
| Q2 24 | $359.2M | $36.4M |
总债务FORSBRA
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $2.5B | ||
| Q3 25 | $802.7M | $2.6B | ||
| Q2 25 | $872.8M | $2.5B | ||
| Q1 25 | $872.5M | $2.4B | ||
| Q4 24 | $806.8M | $2.4B | ||
| Q3 24 | $706.4M | $2.5B | ||
| Q2 24 | $706.1M | $2.4B |
股东权益FORSBRA
| Q1 26 | — | $2.8B | ||
| Q4 25 | $1.8B | $2.8B | ||
| Q3 25 | $1.8B | $2.8B | ||
| Q2 25 | $1.7B | $2.7B | ||
| Q1 25 | $1.6B | $2.7B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.6B | $2.7B | ||
| Q2 24 | $1.5B | $2.8B |
总资产FORSBRA
| Q1 26 | — | $5.6B | ||
| Q4 25 | $3.2B | $5.5B | ||
| Q3 25 | $3.1B | $5.6B | ||
| Q2 25 | $3.1B | $5.3B | ||
| Q1 25 | $3.0B | $5.2B | ||
| Q4 24 | $3.0B | $5.3B | ||
| Q3 24 | $2.8B | $5.4B | ||
| Q2 24 | $2.7B | $5.4B |
负债/权益比FORSBRA
| Q1 26 | — | — | ||
| Q4 25 | 0.44× | 0.90× | ||
| Q3 25 | 0.45× | 0.92× | ||
| Q2 25 | 0.52× | 0.91× | ||
| Q1 25 | 0.53× | 0.89× | ||
| Q4 24 | 0.50× | 0.88× | ||
| Q3 24 | 0.44× | 0.90× | ||
| Q2 24 | 0.47× | 0.89× |
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 | $98.4M |
| 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× | 2.41× |
| 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FORSBRA
| Q1 26 | — | $98.4M | ||
| Q4 25 | $-157.0M | $348.6M | ||
| Q3 25 | $256.3M | $100.0M | ||
| Q2 25 | $15.8M | $81.0M | ||
| Q1 25 | $-19.8M | $80.3M | ||
| Q4 24 | $-450.0M | $310.5M | ||
| Q3 24 | $119.2M | $97.7M | ||
| Q2 24 | $-61.7M | $80.1M |
自由现金流FORSBRA
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | — |
自由现金流率FORSBRA
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — |
资本支出强度FORSBRA
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — |
现金转化率FORSBRA
| Q1 26 | — | 2.41× | ||
| Q4 25 | -10.19× | 12.80× | ||
| Q3 25 | 2.95× | 4.44× | ||
| Q2 25 | 0.48× | 1.24× | ||
| Q1 25 | -0.63× | 1.99× | ||
| Q4 24 | -27.27× | 6.65× | ||
| Q3 24 | 1.46× | 3.28× | ||
| Q2 24 | -1.59× | 3.34× |
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% |
SBRA
| Resident fees and services | $116.7M | 53% |
| Rental and related revenues (1) | $95.0M | 43% |
| Other | $10.0M | 5% |
