vs
Forestar Group Inc.（FOR）与STANDARD MOTOR PRODUCTS, INC.（SMP）财务数据对比。点击上方公司名可切换其他公司
STANDARD MOTOR PRODUCTS, INC.的季度营收约是Forestar Group Inc.的1.4倍（$385.1M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 2.0%，领先3.6%），STANDARD MOTOR PRODUCTS, INC.同比增速更快（12.2% vs 9.0%），STANDARD MOTOR PRODUCTS, INC.自由现金流更多（$-37.6M vs $-157.1M），过去两年STANDARD MOTOR PRODUCTS, INC.的营收复合增速更高（7.8% 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。
标准汽车产品公司（SMP）是一家汽车零部件制造商与经销商，由埃利亚斯·法伊夫和拉尔夫·范艾伦于1919年合伙创立，1926年完成法人注册，总部位于纽约长岛市，在纽约证券交易所上市。公司目前设有车辆控制、温控、工程解决方案和尼森斯四大运营板块，为汽车售后市场供应相关零部件产品。
FOR vs SMP — 直观对比
营收规模更大
SMP
是对方的1.4倍
$273.0M
营收增速更快
SMP
高出3.1%
9.0%
净利率更高
FOR
高出3.6%
2.0%
自由现金流更多
SMP
多$119.5M
$-157.1M
两年增速更快
SMP
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $385.1M |
| 净利润 | $15.4M | $7.9M |
| 毛利率 | 20.1% | 31.7% |
| 营业利润率 | 7.6% | 5.6% |
| 净利率 | 5.6% | 2.0% |
| 营收同比 | 9.0% | 12.2% |
| 净利润同比 | -6.7% | 457.9% |
| 每股收益（稀释后） | $0.30 | $0.34 |
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FORSMP
| Q4 25 | $273.0M | $385.1M | ||
| Q3 25 | $670.5M | $498.8M | ||
| Q2 25 | $390.5M | $493.9M | ||
| Q1 25 | $351.0M | $413.4M | ||
| Q4 24 | $250.4M | $343.4M | ||
| Q3 24 | $551.3M | $399.3M | ||
| Q2 24 | $318.4M | $389.8M | ||
| Q1 24 | $333.8M | $331.4M |
净利润FORSMP
| Q4 25 | $15.4M | $7.9M | ||
| Q3 25 | $86.9M | $-4.3M | ||
| Q2 25 | $32.9M | $25.2M | ||
| Q1 25 | $31.6M | $12.6M | ||
| Q4 24 | $16.5M | $-2.2M | ||
| Q3 24 | $81.5M | $3.8M | ||
| Q2 24 | $38.7M | $17.1M | ||
| Q1 24 | $45.0M | $8.8M |
毛利率FORSMP
| Q4 25 | 20.1% | 31.7% | ||
| Q3 25 | 22.3% | 32.4% | ||
| Q2 25 | 20.4% | 30.6% | ||
| Q1 25 | 22.6% | 30.2% | ||
| Q4 24 | 22.0% | 29.4% | ||
| Q3 24 | 23.9% | 30.4% | ||
| Q2 24 | 22.5% | 28.6% | ||
| Q1 24 | 24.9% | 27.0% |
营业利润率FORSMP
| Q4 25 | 7.6% | 5.6% | ||
| Q3 25 | 16.9% | 9.5% | ||
| Q2 25 | 11.2% | 8.7% | ||
| Q1 25 | 11.6% | 5.9% | ||
| Q4 24 | 8.7% | 1.1% | ||
| Q3 24 | 19.7% | 9.3% | ||
| Q2 24 | 16.2% | 6.4% | ||
| Q1 24 | 17.6% | 4.4% |
净利率FORSMP
| Q4 25 | 5.6% | 2.0% | ||
| Q3 25 | 13.0% | -0.9% | ||
| Q2 25 | 8.4% | 5.1% | ||
| Q1 25 | 9.0% | 3.0% | ||
| Q4 24 | 6.6% | -0.6% | ||
| Q3 24 | 14.8% | 1.0% | ||
| Q2 24 | 12.2% | 4.4% | ||
| Q1 24 | 13.5% | 2.7% |
每股收益（稀释后）FORSMP
| Q4 25 | $0.30 | $0.34 | ||
| Q3 25 | $1.70 | $-0.19 | ||
| Q2 25 | $0.65 | $1.13 | ||
| Q1 25 | $0.62 | $0.56 | ||
| Q4 24 | $0.32 | $-0.09 | ||
| Q3 24 | $1.59 | $0.17 | ||
| Q2 24 | $0.76 | $0.77 | ||
| Q1 24 | $0.89 | $0.39 |
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 | — |
| 总债务越低越好 | $793.2M | $618.7M |
| 股东权益账面价值 | $1.8B | $683.7M |
| 总资产 | $3.2B | $2.0B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.90× |
8季度趋势，按日历期对齐
现金及短期投资FORSMP
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | $87.2M | ||
| Q2 25 | $189.2M | $58.8M | ||
| Q1 25 | $174.3M | $50.3M | ||
| Q4 24 | $132.0M | $44.4M | ||
| Q3 24 | $481.2M | $26.3M | ||
| Q2 24 | $359.2M | $26.2M | ||
| Q1 24 | $416.2M | $27.1M |
总债务FORSMP
| Q4 25 | $793.2M | $618.7M | ||
| Q3 25 | $802.7M | $589.5M | ||
| Q2 25 | $872.8M | $636.6M | ||
| Q1 25 | $872.5M | $650.6M | ||
| Q4 24 | $806.8M | $562.3M | ||
| Q3 24 | $706.4M | $142.8M | ||
| Q2 24 | $706.1M | $208.2M | ||
| Q1 24 | $705.7M | $214.9M |
股东权益FORSMP
| Q4 25 | $1.8B | $683.7M | ||
| Q3 25 | $1.8B | $677.4M | ||
| Q2 25 | $1.7B | $688.6M | ||
| Q1 25 | $1.6B | $638.0M | ||
| Q4 24 | $1.6B | $615.7M | ||
| Q3 24 | $1.6B | $638.8M | ||
| Q2 24 | $1.5B | $640.0M | ||
| Q1 24 | $1.5B | $639.1M |
总资产FORSMP
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.1B | $2.0B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | $1.8B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.7B | $1.4B | ||
| Q1 24 | $2.6B | $1.4B |
负债/权益比FORSMP
| Q4 25 | 0.44× | 0.90× | ||
| Q3 25 | 0.45× | 0.87× | ||
| Q2 25 | 0.52× | 0.92× | ||
| Q1 25 | 0.53× | 1.02× | ||
| Q4 24 | 0.50× | 0.91× | ||
| Q3 24 | 0.44× | 0.22× | ||
| Q2 24 | 0.47× | 0.33× | ||
| Q1 24 | 0.48× | 0.34× |
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 | $-28.2M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-37.6M |
| 自由现金流率自由现金流/营收 | -57.5% | -9.8% |
| 资本支出强度资本支出/营收 | 0.0% | 2.4% |
| 现金转化率经营现金流/净利润 | -10.19× | -3.59× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $18.7M |
8季度趋势，按日历期对齐
经营现金流FORSMP
| Q4 25 | $-157.0M | $-28.2M | ||
| Q3 25 | $256.3M | $91.6M | ||
| Q2 25 | $15.8M | $54.3M | ||
| Q1 25 | $-19.8M | $-60.2M | ||
| Q4 24 | $-450.0M | $-1.5M | ||
| Q3 24 | $119.2M | $88.3M | ||
| Q2 24 | $-61.7M | $35.6M | ||
| Q1 24 | $-59.2M | $-45.7M |
自由现金流FORSMP
| Q4 25 | $-157.1M | $-37.6M | ||
| Q3 25 | $255.6M | $81.5M | ||
| Q2 25 | $15.0M | $44.2M | ||
| Q1 25 | $-20.5M | $-69.4M | ||
| Q4 24 | — | $-11.4M | ||
| Q3 24 | $118.4M | $77.1M | ||
| Q2 24 | $-62.3M | $22.7M | ||
| Q1 24 | $-59.8M | $-55.8M |
自由现金流率FORSMP
| Q4 25 | -57.5% | -9.8% | ||
| Q3 25 | 38.1% | 16.3% | ||
| Q2 25 | 3.8% | 8.9% | ||
| Q1 25 | -5.8% | -16.8% | ||
| Q4 24 | — | -3.3% | ||
| Q3 24 | 21.5% | 19.3% | ||
| Q2 24 | -19.6% | 5.8% | ||
| Q1 24 | -17.9% | -16.8% |
资本支出强度FORSMP
| Q4 25 | 0.0% | 2.4% | ||
| Q3 25 | 0.1% | 2.0% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | 0.0% | 2.9% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.2% | 3.3% | ||
| Q1 24 | 0.2% | 3.0% |
现金转化率FORSMP
| Q4 25 | -10.19× | -3.59× | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 2.15× | ||
| Q1 25 | -0.63× | -4.79× | ||
| Q4 24 | -27.27× | — | ||
| Q3 24 | 1.46× | 23.19× | ||
| Q2 24 | -1.59× | 2.09× | ||
| Q1 24 | -1.32× | -5.18× |
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% |
SMP
| Engineered Solutions | $66.1M | 17% |
| Electrical And Safety | $63.6M | 17% |
| Temperature Control | $61.5M | 16% |
| Europe Excluding Poland | $55.5M | 14% |
| Other Thermal Components | $30.7M | 8% |
| Air Conditioning | $22.7M | 6% |
| Commercial Vehicle | $19.7M | 5% |
| All Other | $18.9M | 5% |
| PL | $16.0M | 4% |
| Wire Sets And Other | $11.9M | 3% |
| Engine Efficiency | $10.0M | 3% |
| Construction Agriculture | $7.8M | 2% |
