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Forestar Group Inc.（FOR）与Strategic Education, Inc.（STRA）财务数据对比。点击上方公司名可切换其他公司
Strategic Education, Inc.的季度营收约是Forestar Group Inc.的1.1倍（$305.9M vs $273.0M），Strategic Education, Inc.净利率更高（10.7% vs 5.6%，领先5.1%），Forestar Group Inc.同比增速更快（9.0% vs 0.8%），Strategic Education, Inc.自由现金流更多（$77.3M vs $-157.1M），过去两年Strategic Education, Inc.的营收复合增速更高（-1.0% 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。
Strategic Education, Inc.（简称SEI）是一家教育服务控股企业，前身为斯特雷尔教育公司。旗下拥有营利性在线院校卡佩拉大学、斯特雷尔大学，还运营着DevMountain、Hackbright学院、Sophia Learning等提供非学位课程的教育机构。
FOR vs STRA — 直观对比
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $305.9M |
| 净利润 | $15.4M | $32.8M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 13.4% |
| 净利率 | 5.6% | 10.7% |
| 营收同比 | 9.0% | 0.8% |
| 净利润同比 | -6.7% | 10.3% |
| 每股收益（稀释后） | $0.30 | $1.48 |
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
| Q1 26 | — | $305.9M | ||
| Q4 25 | $273.0M | $323.2M | ||
| Q3 25 | $670.5M | $319.9M | ||
| Q2 25 | $390.5M | $321.5M | ||
| Q1 25 | $351.0M | $303.6M | ||
| Q4 24 | $250.4M | $311.5M | ||
| Q3 24 | $551.3M | $306.0M | ||
| Q2 24 | $318.4M | $312.3M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $15.4M | $37.9M | ||
| Q3 25 | $86.9M | $26.6M | ||
| Q2 25 | $32.9M | $32.3M | ||
| Q1 25 | $31.6M | $29.7M | ||
| Q4 24 | $16.5M | $25.3M | ||
| Q3 24 | $81.5M | $27.7M | ||
| Q2 24 | $38.7M | $29.9M |
| 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% | — |
| Q1 26 | — | 13.4% | ||
| Q4 25 | 7.6% | 16.0% | ||
| Q3 25 | 16.9% | 11.6% | ||
| Q2 25 | 11.2% | 14.2% | ||
| Q1 25 | 11.6% | 13.1% | ||
| Q4 24 | 8.7% | 11.6% | ||
| Q3 24 | 19.7% | 11.9% | ||
| Q2 24 | 16.2% | 13.4% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | 5.6% | 11.7% | ||
| Q3 25 | 13.0% | 8.3% | ||
| Q2 25 | 8.4% | 10.1% | ||
| Q1 25 | 9.0% | 9.8% | ||
| Q4 24 | 6.6% | 8.1% | ||
| Q3 24 | 14.8% | 9.1% | ||
| Q2 24 | 12.2% | 9.6% |
| Q1 26 | — | $1.48 | ||
| Q4 25 | $0.30 | $1.65 | ||
| Q3 25 | $1.70 | $1.15 | ||
| Q2 25 | $0.65 | $1.37 | ||
| Q1 25 | $0.62 | $1.24 | ||
| Q4 24 | $0.32 | $1.05 | ||
| Q3 24 | $1.59 | $1.15 | ||
| Q2 24 | $0.76 | $1.24 |
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 | $150.3M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $1.6B |
| 总资产 | $3.2B | $2.1B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $150.3M | ||
| Q4 25 | $211.7M | $148.1M | ||
| Q3 25 | $379.2M | $172.6M | ||
| Q2 25 | $189.2M | $164.9M | ||
| Q1 25 | $174.3M | $182.6M | ||
| Q4 24 | $132.0M | $184.0M | ||
| Q3 24 | $481.2M | $222.1M | ||
| Q2 24 | $359.2M | $256.2M |
| Q1 26 | — | — | ||
| 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 26 | — | $1.6B | ||
| Q4 25 | $1.8B | $1.6B | ||
| Q3 25 | $1.8B | $1.7B | ||
| Q2 25 | $1.7B | $1.7B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.6B | $1.7B | ||
| Q2 24 | $1.5B | $1.7B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $3.2B | $2.0B | ||
| Q3 25 | $3.1B | $2.1B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $3.0B | $2.1B | ||
| Q4 24 | $3.0B | $2.0B | ||
| Q3 24 | $2.8B | $2.2B | ||
| Q2 24 | $2.7B | $2.2B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $87.4M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $77.3M |
| 自由现金流率自由现金流/营收 | -57.5% | 25.3% |
| 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× | 2.66× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $173.9M |
8季度趋势，按日历期对齐
| Q1 26 | — | $87.4M | ||
| Q4 25 | $-157.0M | $39.2M | ||
| Q3 25 | $256.3M | $60.1M | ||
| Q2 25 | $15.8M | $31.2M | ||
| Q1 25 | $-19.8M | $67.7M | ||
| Q4 24 | $-450.0M | $15.9M | ||
| Q3 24 | $119.2M | $51.5M | ||
| Q2 24 | $-61.7M | $24.3M |
| Q1 26 | — | $77.3M | ||
| Q4 25 | $-157.1M | $27.0M | ||
| Q3 25 | $255.6M | $49.3M | ||
| Q2 25 | $15.0M | $20.4M | ||
| Q1 25 | $-20.5M | $57.3M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | $118.4M | $42.1M | ||
| Q2 24 | $-62.3M | $13.6M |
| Q1 26 | — | 25.3% | ||
| Q4 25 | -57.5% | 8.3% | ||
| Q3 25 | 38.1% | 15.4% | ||
| Q2 25 | 3.8% | 6.3% | ||
| Q1 25 | -5.8% | 18.9% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 21.5% | 13.8% | ||
| Q2 24 | -19.6% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 3.8% | ||
| Q3 25 | 0.1% | 3.4% | ||
| Q2 25 | 0.2% | 3.4% | ||
| Q1 25 | 0.2% | 3.4% | ||
| Q4 24 | 0.0% | 3.6% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | 0.2% | 3.4% |
| Q1 26 | — | 2.66× | ||
| Q4 25 | -10.19× | 1.03× | ||
| Q3 25 | 2.95× | 2.26× | ||
| Q2 25 | 0.48× | 0.97× | ||
| Q1 25 | -0.63× | 2.27× | ||
| Q4 24 | -27.27× | 0.63× | ||
| Q3 24 | 1.46× | 1.86× | ||
| Q2 24 | -1.59× | 0.81× |
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% |
STRA
| U.S. Higher Education | $212.6M | 69% |
| Australia/New Zealand | $51.8M | 17% |
| Education Technology Services | $41.5M | 14% |
