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Forestar Group Inc.（FOR）与Shimmick Corp（SHIM）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Shimmick Corp的1.9倍（$273.0M vs $141.9M），Forestar Group Inc.净利率更高（5.6% vs -3.1%，领先8.7%），Shimmick Corp自由现金流更多（$-28.7M vs $-157.1M），过去两年Forestar Group Inc.的营收复合增速更高（-9.6% vs -10.1%）
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。
Shimmick Corp是一家总部位于美国的重型民用建筑企业，专注于水处理设施、交通系统、大坝工程、环境修复等关键公共基础设施的建造与升级，主要服务北美各级政府客户，承接各类复杂大型建筑项目。
FOR vs SHIM — 直观对比
营收规模更大
FOR
是对方的1.9倍
$141.9M
净利率更高
FOR
高出8.7%
-3.1%
自由现金流更多
SHIM
多$128.4M
$-157.1M
两年增速更快
FOR
近两年复合增速
-10.1%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $141.9M |
| 净利润 | $15.4M | $-4.4M |
| 毛利率 | 20.1% | 7.6% |
| 营业利润率 | 7.6% | -2.2% |
| 净利率 | 5.6% | -3.1% |
| 营收同比 | 9.0% | — |
| 净利润同比 | -6.7% | — |
| 每股收益（稀释后） | $0.30 | $-0.12 |
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FORSHIM
| Q4 25 | $273.0M | $141.9M | ||
| Q3 25 | $670.5M | $128.4M | ||
| Q2 25 | $390.5M | $122.1M | ||
| Q1 25 | $351.0M | $103.6M | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $551.3M | $166.0M | ||
| Q2 24 | $318.4M | $90.6M | ||
| Q1 24 | $333.8M | $120.0M |
净利润FORSHIM
| Q4 25 | $15.4M | $-4.4M | ||
| Q3 25 | $86.9M | $-8.5M | ||
| Q2 25 | $32.9M | $-9.8M | ||
| Q1 25 | $31.6M | $-38.5M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | $-1.6M | ||
| Q2 24 | $38.7M | $-51.4M | ||
| Q1 24 | $45.0M | $-33.3M |
毛利率FORSHIM
| Q4 25 | 20.1% | 7.6% | ||
| Q3 25 | 22.3% | 6.3% | ||
| Q2 25 | 20.4% | 3.8% | ||
| Q1 25 | 22.6% | -20.1% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | 7.3% | ||
| Q2 24 | 22.5% | -34.4% | ||
| Q1 24 | 24.9% | -13.2% |
营业利润率FORSHIM
| Q4 25 | 7.6% | -2.2% | ||
| Q3 25 | 16.9% | -5.5% | ||
| Q2 25 | 11.2% | -7.3% | ||
| Q1 25 | 11.6% | -39.3% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | 0.7% | ||
| Q2 24 | 16.2% | -53.0% | ||
| Q1 24 | 17.6% | -26.5% |
净利率FORSHIM
| Q4 25 | 5.6% | -3.1% | ||
| Q3 25 | 13.0% | -6.6% | ||
| Q2 25 | 8.4% | -8.0% | ||
| Q1 25 | 9.0% | -37.1% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | -0.9% | ||
| Q2 24 | 12.2% | -56.7% | ||
| Q1 24 | 13.5% | -27.8% |
每股收益（稀释后）FORSHIM
| Q4 25 | $0.30 | $-0.12 | ||
| Q3 25 | $1.70 | $-0.25 | ||
| Q2 25 | $0.65 | $-0.28 | ||
| Q1 25 | $0.62 | $-0.92 | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | $-0.05 | ||
| Q2 24 | $0.76 | $-1.83 | ||
| Q1 24 | $0.89 | $-1.30 |
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 | $17.6M |
| 总债务越低越好 | $793.2M | $57.5M |
| 股东权益账面价值 | $1.8B | $-52.7M |
| 总资产 | $3.2B | $218.5M |
| 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FORSHIM
| Q4 25 | $211.7M | $17.6M | ||
| Q3 25 | $379.2M | $21.4M | ||
| Q2 25 | $189.2M | $16.3M | ||
| Q1 25 | $174.3M | $33.7M | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | $26.0M | ||
| Q2 24 | $359.2M | $22.4M | ||
| Q1 24 | $416.2M | $27.3M |
总债务FORSHIM
| Q4 25 | $793.2M | $57.5M | ||
| Q3 25 | $802.7M | $36.4M | ||
| Q2 25 | $872.8M | $31.4M | ||
| Q1 25 | $872.5M | $9.5M | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | $39.9M | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | $31.5M |
股东权益FORSHIM
| Q4 25 | $1.8B | $-52.7M | ||
| Q3 25 | $1.8B | $-49.5M | ||
| Q2 25 | $1.7B | $-42.6M | ||
| Q1 25 | $1.6B | $-34.7M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $973.0K | ||
| Q2 24 | $1.5B | $436.0K | ||
| Q1 24 | $1.5B | $38.1M |
总资产FORSHIM
| Q4 25 | $3.2B | $218.5M | ||
| Q3 25 | $3.1B | $203.0M | ||
| Q2 25 | $3.1B | $227.7M | ||
| Q1 25 | $3.0B | $233.9M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.8B | $346.7M | ||
| Q2 24 | $2.7B | $344.5M | ||
| Q1 24 | $2.6B | $378.0M |
负债/权益比FORSHIM
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.44× | 41.01× | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.48× | 0.83× |
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 | $-23.7M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-28.7M |
| 自由现金流率自由现金流/营收 | -57.5% | -20.2% |
| 资本支出强度资本支出/营收 | 0.0% | 3.5% |
| 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 | $-27.2M |
8季度趋势，按日历期对齐
经营现金流FORSHIM
| Q4 25 | $-157.0M | $-23.7M | ||
| Q3 25 | $256.3M | $-3.8M | ||
| Q2 25 | $15.8M | $-38.2M | ||
| Q1 25 | $-19.8M | $44.9M | ||
| Q4 24 | $-450.0M | — | ||
| Q3 24 | $119.2M | $12.7M | ||
| Q2 24 | $-61.7M | $-43.9M | ||
| Q1 24 | $-59.2M | $-35.0M |
自由现金流FORSHIM
| Q4 25 | $-157.1M | $-28.7M | ||
| Q3 25 | $255.6M | $-4.2M | ||
| Q2 25 | $15.0M | $-38.7M | ||
| Q1 25 | $-20.5M | $44.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | $10.3M | ||
| Q2 24 | $-62.3M | $-46.8M | ||
| Q1 24 | $-59.8M | $-39.6M |
自由现金流率FORSHIM
| Q4 25 | -57.5% | -20.2% | ||
| Q3 25 | 38.1% | -3.2% | ||
| Q2 25 | 3.8% | -31.7% | ||
| Q1 25 | -5.8% | 42.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | 6.2% | ||
| Q2 24 | -19.6% | -51.7% | ||
| Q1 24 | -17.9% | -33.0% |
资本支出强度FORSHIM
| Q4 25 | 0.0% | 3.5% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.2% | 0.4% | ||
| Q1 25 | 0.2% | 0.5% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | 1.4% | ||
| Q2 24 | 0.2% | 3.3% | ||
| Q1 24 | 0.2% | 3.8% |
现金转化率FORSHIM
| 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% |
SHIM
| Shimmick Projects | $106.8M | 75% |
| Non Core Projects | $35.1M | 25% |
