vs
Forestar Group Inc.（FOR）与Tecnoglass Inc.（TGLS）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Tecnoglass Inc.的1.1倍（$273.0M vs $245.3M），Tecnoglass Inc.净利率更高（10.6% vs 5.6%，领先5.0%），Forestar Group Inc.同比增速更快（9.0% vs 2.4%），Tecnoglass Inc.自由现金流更多（$11.4M vs $-157.1M），过去两年Tecnoglass Inc.的营收复合增速更高（12.8% 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。
Tecnoglass Inc.是一家领先的建筑玻璃、铝制门窗及相关建材生产商，主要服务北美及拉美地区的住宅和商业建筑领域，为新建及翻新项目提供定制化、高能效的建筑解决方案。
FOR vs TGLS — 直观对比
营收规模更大
FOR
是对方的1.1倍
$245.3M
营收增速更快
FOR
高出6.6%
2.4%
净利率更高
TGLS
高出5.0%
5.6%
自由现金流更多
TGLS
多$168.5M
$-157.1M
两年增速更快
TGLS
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $245.3M |
| 净利润 | $15.4M | $26.1M |
| 毛利率 | 20.1% | 40.0% |
| 营业利润率 | 7.6% | 18.3% |
| 净利率 | 5.6% | 10.6% |
| 营收同比 | 9.0% | 2.4% |
| 净利润同比 | -6.7% | -44.5% |
| 每股收益（稀释后） | $0.30 | $0.57 |
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FORTGLS
| Q4 25 | $273.0M | $245.3M | ||
| Q3 25 | $670.5M | $260.5M | ||
| Q2 25 | $390.5M | $255.5M | ||
| Q1 25 | $351.0M | $222.3M | ||
| Q4 24 | $250.4M | $239.6M | ||
| Q3 24 | $551.3M | $238.3M | ||
| Q2 24 | $318.4M | $219.7M | ||
| Q1 24 | $333.8M | $192.6M |
净利润FORTGLS
| Q4 25 | $15.4M | $26.1M | ||
| Q3 25 | $86.9M | $47.2M | ||
| Q2 25 | $32.9M | $44.1M | ||
| Q1 25 | $31.6M | $42.2M | ||
| Q4 24 | $16.5M | $47.0M | ||
| Q3 24 | $81.5M | $49.5M | ||
| Q2 24 | $38.7M | $35.0M | ||
| Q1 24 | $45.0M | $29.7M |
毛利率FORTGLS
| Q4 25 | 20.1% | 40.0% | ||
| Q3 25 | 22.3% | 42.7% | ||
| Q2 25 | 20.4% | 44.7% | ||
| Q1 25 | 22.6% | 43.9% | ||
| Q4 24 | 22.0% | 44.5% | ||
| Q3 24 | 23.9% | 45.8% | ||
| Q2 24 | 22.5% | 40.8% | ||
| Q1 24 | 24.9% | 38.8% |
营业利润率FORTGLS
| Q4 25 | 7.6% | 18.3% | ||
| Q3 25 | 16.9% | 25.1% | ||
| Q2 25 | 11.2% | 24.0% | ||
| Q1 25 | 11.6% | 26.7% | ||
| Q4 24 | 8.7% | 28.0% | ||
| Q3 24 | 19.7% | 28.4% | ||
| Q2 24 | 16.2% | 23.3% | ||
| Q1 24 | 17.6% | 21.3% |
净利率FORTGLS
| Q4 25 | 5.6% | 10.6% | ||
| Q3 25 | 13.0% | 18.1% | ||
| Q2 25 | 8.4% | 17.3% | ||
| Q1 25 | 9.0% | 19.0% | ||
| Q4 24 | 6.6% | 19.6% | ||
| Q3 24 | 14.8% | 20.8% | ||
| Q2 24 | 12.2% | 15.9% | ||
| Q1 24 | 13.5% | 15.4% |
每股收益（稀释后）FORTGLS
| Q4 25 | $0.30 | $0.57 | ||
| Q3 25 | $1.70 | $1.01 | ||
| Q2 25 | $0.65 | $0.94 | ||
| Q1 25 | $0.62 | $0.90 | ||
| Q4 24 | $0.32 | $1.00 | ||
| Q3 24 | $1.59 | $1.05 | ||
| Q2 24 | $0.76 | $0.75 | ||
| Q1 24 | $0.89 | $0.63 |
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 | $104.1M |
| 总债务越低越好 | $793.2M | $174.4M |
| 股东权益账面价值 | $1.8B | $713.1M |
| 总资产 | $3.2B | $1.3B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资FORTGLS
| Q4 25 | $211.7M | $104.1M | ||
| Q3 25 | $379.2M | $127.1M | ||
| Q2 25 | $189.2M | $140.9M | ||
| Q1 25 | $174.3M | $160.2M | ||
| Q4 24 | $132.0M | $137.5M | ||
| Q3 24 | $481.2M | $124.8M | ||
| Q2 24 | $359.2M | $129.5M | ||
| Q1 24 | $416.2M | $138.8M |
总债务FORTGLS
| Q4 25 | $793.2M | $174.4M | ||
| Q3 25 | $802.7M | $114.7M | ||
| Q2 25 | $872.8M | $110.6M | ||
| Q1 25 | $872.5M | $110.6M | ||
| Q4 24 | $806.8M | $111.1M | ||
| Q3 24 | $706.4M | $126.8M | ||
| Q2 24 | $706.1M | $144.7M | ||
| Q1 24 | $705.7M | $160.9M |
股东权益FORTGLS
| Q4 25 | $1.8B | $713.1M | ||
| Q3 25 | $1.8B | $764.0M | ||
| Q2 25 | $1.7B | $736.0M | ||
| Q1 25 | $1.6B | $685.1M | ||
| Q4 24 | $1.6B | $631.2M | ||
| Q3 24 | $1.6B | $613.3M | ||
| Q2 24 | $1.5B | $574.8M | ||
| Q1 24 | $1.5B | $573.6M |
总资产FORTGLS
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.1B | $1.2B | ||
| Q2 25 | $3.1B | $1.2B | ||
| Q1 25 | $3.0B | $1.1B | ||
| Q4 24 | $3.0B | $1.0B | ||
| Q3 24 | $2.8B | $996.3M | ||
| Q2 24 | $2.7B | $942.5M | ||
| Q1 24 | $2.6B | $981.6M |
负债/权益比FORTGLS
| Q4 25 | 0.44× | 0.24× | ||
| Q3 25 | 0.45× | 0.15× | ||
| Q2 25 | 0.52× | 0.15× | ||
| Q1 25 | 0.53× | 0.16× | ||
| Q4 24 | 0.50× | 0.18× | ||
| Q3 24 | 0.44× | 0.21× | ||
| Q2 24 | 0.47× | 0.25× | ||
| Q1 24 | 0.48× | 0.28× |
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 | $31.0M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $11.4M |
| 自由现金流率自由现金流/营收 | -57.5% | 4.7% |
| 资本支出强度资本支出/营收 | 0.0% | 8.0% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.19× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $34.5M |
8季度趋势，按日历期对齐
经营现金流FORTGLS
| Q4 25 | $-157.0M | $31.0M | ||
| Q3 25 | $256.3M | $40.0M | ||
| Q2 25 | $15.8M | $17.9M | ||
| Q1 25 | $-19.8M | $46.9M | ||
| Q4 24 | $-450.0M | $61.1M | ||
| Q3 24 | $119.2M | $41.5M | ||
| Q2 24 | $-61.7M | $34.5M | ||
| Q1 24 | $-59.2M | $33.4M |
自由现金流FORTGLS
| Q4 25 | $-157.1M | $11.4M | ||
| Q3 25 | $255.6M | $21.2M | ||
| Q2 25 | $15.0M | $-14.7M | ||
| Q1 25 | $-20.5M | $16.5M | ||
| Q4 24 | — | $35.4M | ||
| Q3 24 | $118.4M | $17.8M | ||
| Q2 24 | $-62.3M | $14.2M | ||
| Q1 24 | $-59.8M | $23.6M |
自由现金流率FORTGLS
| Q4 25 | -57.5% | 4.7% | ||
| Q3 25 | 38.1% | 8.2% | ||
| Q2 25 | 3.8% | -5.7% | ||
| Q1 25 | -5.8% | 7.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 21.5% | 7.5% | ||
| Q2 24 | -19.6% | 6.5% | ||
| Q1 24 | -17.9% | 12.2% |
资本支出强度FORTGLS
| Q4 25 | 0.0% | 8.0% | ||
| Q3 25 | 0.1% | 7.2% | ||
| Q2 25 | 0.2% | 12.7% | ||
| Q1 25 | 0.2% | 13.7% | ||
| Q4 24 | 0.0% | 10.7% | ||
| Q3 24 | 0.1% | 9.9% | ||
| Q2 24 | 0.2% | 9.2% | ||
| Q1 24 | 0.2% | 5.1% |
现金转化率FORTGLS
| Q4 25 | -10.19× | 1.19× | ||
| Q3 25 | 2.95× | 0.85× | ||
| Q2 25 | 0.48× | 0.41× | ||
| Q1 25 | -0.63× | 1.11× | ||
| Q4 24 | -27.27× | 1.30× | ||
| Q3 24 | 1.46× | 0.84× | ||
| Q2 24 | -1.59× | 0.98× | ||
| Q1 24 | -1.32× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
