vs
Forestar Group Inc.（FOR）与null（SDHC）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null的1.0倍（$273.0M vs $260.4M），Forestar Group Inc.净利率更高（5.6% vs 1.4%，领先4.3%），Forestar Group Inc.同比增速更快（9.0% vs -9.4%），null自由现金流更多（$8.7M vs $-157.1M），过去两年null的营收复合增速更高（17.3% 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。
史密斯韦森品牌公司是美国的枪械制造商，总部位于美国田纳西州玛丽维尔，是该领域历史悠久且知名的生产企业，在民用及警用枪械市场拥有较高的认可度。
FOR vs SDHC — 直观对比
营收规模更大
FOR
是对方的1.0倍
$260.4M
营收增速更快
FOR
高出18.4%
-9.4%
净利率更高
FOR
高出4.3%
1.4%
自由现金流更多
SDHC
多$165.8M
$-157.1M
两年增速更快
SDHC
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $260.4M |
| 净利润 | $15.4M | $3.5M |
| 毛利率 | 20.1% | 19.9% |
| 营业利润率 | 7.6% | 6.5% |
| 净利率 | 5.6% | 1.4% |
| 营收同比 | 9.0% | -9.4% |
| 净利润同比 | -6.7% | -14.3% |
| 每股收益（稀释后） | $0.30 | $0.39 |
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FORSDHC
| Q4 25 | $273.0M | $260.4M | ||
| Q3 25 | $670.5M | $262.0M | ||
| Q2 25 | $390.5M | $223.9M | ||
| Q1 25 | $351.0M | $224.7M | ||
| Q4 24 | $250.4M | $287.5M | ||
| Q3 24 | $551.3M | $277.8M | ||
| Q2 24 | $318.4M | $220.9M | ||
| Q1 24 | $333.8M | $189.2M |
净利润FORSDHC
| Q4 25 | $15.4M | $3.5M | ||
| Q3 25 | $86.9M | $2.1M | ||
| Q2 25 | $32.9M | $2.4M | ||
| Q1 25 | $31.6M | $2.7M | ||
| Q4 24 | $16.5M | $4.1M | ||
| Q3 24 | $81.5M | $5.3M | ||
| Q2 24 | $38.7M | $3.6M | ||
| Q1 24 | $45.0M | $3.0M |
毛利率FORSDHC
| Q4 25 | 20.1% | 19.9% | ||
| Q3 25 | 22.3% | 21.0% | ||
| Q2 25 | 20.4% | 23.2% | ||
| Q1 25 | 22.6% | 23.8% | ||
| Q4 24 | 22.0% | 25.5% | ||
| Q3 24 | 23.9% | 26.5% | ||
| Q2 24 | 22.5% | 26.7% | ||
| Q1 24 | 24.9% | 26.1% |
营业利润率FORSDHC
| Q4 25 | 7.6% | 6.5% | ||
| Q3 25 | 16.9% | 6.6% | ||
| Q2 25 | 11.2% | 7.7% | ||
| Q1 25 | 11.6% | 8.7% | ||
| Q4 24 | 8.7% | 10.4% | ||
| Q3 24 | 19.7% | 14.2% | ||
| Q2 24 | 16.2% | 11.7% | ||
| Q1 24 | 17.6% | 11.3% |
净利率FORSDHC
| Q4 25 | 5.6% | 1.4% | ||
| Q3 25 | 13.0% | 0.8% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 9.0% | 1.2% | ||
| Q4 24 | 6.6% | 1.4% | ||
| Q3 24 | 14.8% | 1.9% | ||
| Q2 24 | 12.2% | 1.7% | ||
| Q1 24 | 13.5% | 1.6% |
每股收益（稀释后）FORSDHC
| Q4 25 | $0.30 | $0.39 | ||
| Q3 25 | $1.70 | $0.24 | ||
| Q2 25 | $0.65 | $0.26 | ||
| Q1 25 | $0.62 | $0.30 | ||
| Q4 24 | $0.32 | $0.50 | ||
| Q3 24 | $1.59 | $0.58 | ||
| Q2 24 | $0.76 | $0.40 | ||
| Q1 24 | $0.89 | $0.33 |
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 | $12.7M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $86.7M |
| 总资产 | $3.2B | $557.6M |
| 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FORSDHC
| Q4 25 | $211.7M | $12.7M | ||
| Q3 25 | $379.2M | $14.8M | ||
| Q2 25 | $189.2M | $16.8M | ||
| Q1 25 | $174.3M | $12.7M | ||
| Q4 24 | $132.0M | $22.4M | ||
| Q3 24 | $481.2M | $23.7M | ||
| Q2 24 | $359.2M | $17.3M | ||
| Q1 24 | $416.2M | $32.8M |
总债务FORSDHC
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
股东权益FORSDHC
| Q4 25 | $1.8B | $86.7M | ||
| Q3 25 | $1.8B | $82.2M | ||
| Q2 25 | $1.7B | $80.0M | ||
| Q1 25 | $1.6B | $76.9M | ||
| Q4 24 | $1.6B | $73.6M | ||
| Q3 24 | $1.6B | $68.4M | ||
| Q2 24 | $1.5B | $62.1M | ||
| Q1 24 | $1.5B | $59.7M |
总资产FORSDHC
| Q4 25 | $3.2B | $557.6M | ||
| Q3 25 | $3.1B | $571.6M | ||
| Q2 25 | $3.1B | $570.2M | ||
| Q1 25 | $3.0B | $513.9M | ||
| Q4 24 | $3.0B | $475.9M | ||
| Q3 24 | $2.8B | $460.1M | ||
| Q2 24 | $2.7B | $429.3M | ||
| Q1 24 | $2.6B | $401.3M |
负债/权益比FORSDHC
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| 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 | $9.8M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $8.7M |
| 自由现金流率自由现金流/营收 | -57.5% | 3.4% |
| 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× | 2.77× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $-36.9M |
8季度趋势，按日历期对齐
经营现金流FORSDHC
| Q4 25 | $-157.0M | $9.8M | ||
| Q3 25 | $256.3M | $22.8M | ||
| Q2 25 | $15.8M | $-28.9M | ||
| Q1 25 | $-19.8M | $-34.9M | ||
| Q4 24 | $-450.0M | $5.5M | ||
| Q3 24 | $119.2M | $22.9M | ||
| Q2 24 | $-61.7M | $39.0K | ||
| Q1 24 | $-59.2M | $-9.3M |
自由现金流FORSDHC
| Q4 25 | $-157.1M | $8.7M | ||
| Q3 25 | $255.6M | $21.4M | ||
| Q2 25 | $15.0M | $-31.1M | ||
| Q1 25 | $-20.5M | $-35.9M | ||
| Q4 24 | — | $4.8M | ||
| Q3 24 | $118.4M | $22.3M | ||
| Q2 24 | $-62.3M | $-2.1M | ||
| Q1 24 | $-59.8M | $-9.7M |
自由现金流率FORSDHC
| Q4 25 | -57.5% | 3.4% | ||
| Q3 25 | 38.1% | 8.2% | ||
| Q2 25 | 3.8% | -13.9% | ||
| Q1 25 | -5.8% | -16.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 21.5% | 8.0% | ||
| Q2 24 | -19.6% | -1.0% | ||
| Q1 24 | -17.9% | -5.1% |
资本支出强度FORSDHC
| Q4 25 | 0.0% | 0.4% | ||
| Q3 25 | 0.1% | 0.5% | ||
| Q2 25 | 0.2% | 0.9% | ||
| Q1 25 | 0.2% | 0.5% | ||
| Q4 24 | 0.0% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.2% | 1.0% | ||
| Q1 24 | 0.2% | 0.2% |
现金转化率FORSDHC
| Q4 25 | -10.19× | 2.77× | ||
| Q3 25 | 2.95× | 10.70× | ||
| Q2 25 | 0.48× | -12.24× | ||
| Q1 25 | -0.63× | -13.01× | ||
| Q4 24 | -27.27× | 1.33× | ||
| Q3 24 | 1.46× | 4.28× | ||
| Q2 24 | -1.59× | 0.01× | ||
| Q1 24 | -1.32× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
