vs
Forestar Group Inc.（FOR）与T1 Energy Inc.（TE）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T1 Energy Inc.的1.3倍（$273.0M vs $210.5M），Forestar Group Inc.净利率更高（5.6% vs -62.0%，领先67.7%），T1 Energy Inc.自由现金流更多（$55.0M vs $-157.1M）
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。
索尼能源设备株式会社是隶属于索尼集团设备事业部的全资子公司，是一家日本跨国企业，深耕能源产业多领域业务。该公司1975年2月在日本福岛成立，依托索尼的技术积累，在能源相关产品研发、生产及商业化方面具备行业领先实力。
FOR vs TE — 直观对比
营收规模更大
FOR
是对方的1.3倍
$210.5M
净利率更高
FOR
高出67.7%
-62.0%
自由现金流更多
TE
多$212.1M
$-157.1M
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $210.5M |
| 净利润 | $15.4M | $-130.6M |
| 毛利率 | 20.1% | 10.0% |
| 营业利润率 | 7.6% | -45.0% |
| 净利率 | 5.6% | -62.0% |
| 营收同比 | 9.0% | — |
| 净利润同比 | -6.7% | -375.2% |
| 每股收益（稀释后） | $0.30 | $-0.87 |
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FORTE
| Q4 25 | $273.0M | — | ||
| Q3 25 | $670.5M | $210.5M | ||
| Q2 25 | $390.5M | $132.8M | ||
| Q1 25 | $351.0M | $53.5M | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $551.3M | $0 | ||
| Q2 24 | $318.4M | $0 | ||
| Q1 24 | $333.8M | $0 |
净利润FORTE
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | $-130.6M | ||
| Q2 25 | $32.9M | $-31.9M | ||
| Q1 25 | $31.6M | $-16.2M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | $-27.5M | ||
| Q2 24 | $38.7M | $-27.0M | ||
| Q1 24 | $45.0M | $-28.5M |
毛利率FORTE
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | 10.0% | ||
| Q2 25 | 20.4% | 24.7% | ||
| Q1 25 | 22.6% | 33.3% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FORTE
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | -45.0% | ||
| Q2 25 | 11.2% | -22.0% | ||
| Q1 25 | 11.6% | -44.2% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | — | ||
| Q2 24 | 16.2% | — | ||
| Q1 24 | 17.6% | — |
净利率FORTE
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | -62.0% | ||
| Q2 25 | 8.4% | -24.0% | ||
| Q1 25 | 9.0% | -30.4% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | — | ||
| Q2 24 | 12.2% | — | ||
| Q1 24 | 13.5% | — |
每股收益（稀释后）FORTE
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | $-0.87 | ||
| Q2 25 | $0.65 | $-0.21 | ||
| Q1 25 | $0.62 | $-0.11 | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | $-0.20 | ||
| Q2 24 | $0.76 | $-0.19 | ||
| Q1 24 | $0.89 | $-0.20 |
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 | $34.1M |
| 总债务越低越好 | $793.2M | $547.3M |
| 股东权益账面价值 | $1.8B | $96.9M |
| 总资产 | $3.2B | $1.4B |
| 负债/权益比越低杠杆越低 | 0.44× | 5.65× |
8季度趋势，按日历期对齐
现金及短期投资FORTE
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | $34.1M | ||
| Q2 25 | $189.2M | $8.5M | ||
| Q1 25 | $174.3M | $48.9M | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | $181.9M | ||
| Q2 24 | $359.2M | $219.6M | ||
| Q1 24 | $416.2M | $249.9M |
总债务FORTE
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | $547.3M | ||
| Q2 25 | $872.8M | $591.2M | ||
| Q1 25 | $872.5M | $603.2M | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | $602.3M |
股东权益FORTE
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $96.9M | ||
| Q2 25 | $1.7B | $183.9M | ||
| Q1 25 | $1.6B | $201.9M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $538.7M | ||
| Q2 24 | $1.5B | $561.6M | ||
| Q1 24 | $1.5B | $582.3M |
总资产FORTE
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.8B | $615.0M | ||
| Q2 24 | $2.7B | $644.4M | ||
| Q1 24 | $2.6B | $670.3M |
负债/权益比FORTE
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | 5.65× | ||
| Q2 25 | 0.52× | 3.21× | ||
| Q1 25 | 0.53× | 2.99× | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.44× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.48× | 1.03× |
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 | $63.9M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $55.0M |
| 自由现金流率自由现金流/营收 | -57.5% | 26.1% |
| 资本支出强度资本支出/营收 | 0.0% | 4.2% |
| 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 | $-42.3M |
8季度趋势，按日历期对齐
经营现金流FORTE
| Q4 25 | $-157.0M | — | ||
| Q3 25 | $256.3M | $63.9M | ||
| Q2 25 | $15.8M | $33.4M | ||
| Q1 25 | $-19.8M | $-44.8M | ||
| Q4 24 | $-450.0M | — | ||
| Q3 24 | $119.2M | $-28.4M | ||
| Q2 24 | $-61.7M | $-28.0M | ||
| Q1 24 | $-59.2M | $-16.2M |
自由现金流FORTE
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | $55.0M | ||
| Q2 25 | $15.0M | $10.6M | ||
| Q1 25 | $-20.5M | $-74.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | $-34.0M | ||
| Q2 24 | $-62.3M | $-35.6M | ||
| Q1 24 | $-59.8M | $-37.7M |
自由现金流率FORTE
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | 26.1% | ||
| Q2 25 | 3.8% | 8.0% | ||
| Q1 25 | -5.8% | -138.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
资本支出强度FORTE
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | 4.2% | ||
| Q2 25 | 0.2% | 17.2% | ||
| Q1 25 | 0.2% | 54.5% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FORTE
| 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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
