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Forestar Group Inc.（FOR）与Unity Software Inc.（U）财务数据对比。点击上方公司名可切换其他公司
Unity Software Inc.的季度营收约是Forestar Group Inc.的1.8倍（$503.1M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -17.9%，领先23.5%），Unity Software Inc.同比增速更快（10.1% vs 9.0%），Unity Software Inc.自由现金流更多（$118.7M vs $-157.1M），过去两年Unity Software Inc.的营收复合增速更高（4.5% 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。
Unity Software Inc.是总部位于美国旧金山的游戏软件开发企业，2004年于丹麦成立时原名为Over the Edge Entertainment，2007年更为现名。公司核心产品Unity游戏引擎全球应用广泛，可用于开发各类电子游戏及其他互动应用，商业化授权服务覆盖全球客户。
FOR vs U — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $503.1M |
| 净利润 | $15.4M | $-90.0M |
| 毛利率 | 20.1% | 74.3% |
| 营业利润率 | 7.6% | -21.2% |
| 净利率 | 5.6% | -17.9% |
| 营收同比 | 9.0% | 10.1% |
| 净利润同比 | -6.7% | 26.7% |
| 每股收益（稀释后） | $0.30 | $-0.21 |
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
| Q4 25 | $273.0M | $503.1M | ||
| Q3 25 | $670.5M | $470.6M | ||
| Q2 25 | $390.5M | $440.9M | ||
| Q1 25 | $351.0M | $435.0M | ||
| Q4 24 | $250.4M | $457.1M | ||
| Q3 24 | $551.3M | $446.5M | ||
| Q2 24 | $318.4M | $449.3M | ||
| Q1 24 | $333.8M | $460.4M |
| Q4 25 | $15.4M | $-90.0M | ||
| Q3 25 | $86.9M | $-126.4M | ||
| Q2 25 | $32.9M | $-108.8M | ||
| Q1 25 | $31.6M | $-77.6M | ||
| Q4 24 | $16.5M | $-122.7M | ||
| Q3 24 | $81.5M | $-124.7M | ||
| Q2 24 | $38.7M | $-125.6M | ||
| Q1 24 | $45.0M | $-291.1M |
| Q4 25 | 20.1% | 74.3% | ||
| Q3 25 | 22.3% | 74.4% | ||
| Q2 25 | 20.4% | 74.1% | ||
| Q1 25 | 22.6% | 73.8% | ||
| Q4 24 | 22.0% | 74.7% | ||
| Q3 24 | 23.9% | 74.9% | ||
| Q2 24 | 22.5% | 75.8% | ||
| Q1 24 | 24.9% | 68.6% |
| Q4 25 | 7.6% | -21.2% | ||
| Q3 25 | 16.9% | -26.7% | ||
| Q2 25 | 11.2% | -26.9% | ||
| Q1 25 | 11.6% | -29.4% | ||
| Q4 24 | 8.7% | -27.1% | ||
| Q3 24 | 19.7% | -28.5% | ||
| Q2 24 | 16.2% | -28.8% | ||
| Q1 24 | 17.6% | -81.4% |
| Q4 25 | 5.6% | -17.9% | ||
| Q3 25 | 13.0% | -26.9% | ||
| Q2 25 | 8.4% | -24.7% | ||
| Q1 25 | 9.0% | -17.8% | ||
| Q4 24 | 6.6% | -26.8% | ||
| Q3 24 | 14.8% | -27.9% | ||
| Q2 24 | 12.2% | -28.0% | ||
| Q1 24 | 13.5% | -63.2% |
| Q4 25 | $0.30 | $-0.21 | ||
| Q3 25 | $1.70 | $-0.30 | ||
| Q2 25 | $0.65 | $-0.26 | ||
| Q1 25 | $0.62 | $-0.19 | ||
| Q4 24 | $0.32 | $-0.30 | ||
| Q3 24 | $1.59 | $-0.31 | ||
| Q2 24 | $0.76 | $-0.32 | ||
| Q1 24 | $0.89 | $-0.75 |
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 | $2.1B |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $3.2B |
| 总资产 | $3.2B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
| Q4 25 | $211.7M | $2.1B | ||
| Q3 25 | $379.2M | $1.9B | ||
| Q2 25 | $189.2M | $1.7B | ||
| Q1 25 | $174.3M | $1.5B | ||
| Q4 24 | $132.0M | $1.5B | ||
| Q3 24 | $481.2M | $1.4B | ||
| Q2 24 | $359.2M | $1.3B | ||
| Q1 24 | $416.2M | $1.2B |
| 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 24 | $705.7M | — |
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.7B | $3.2B | ||
| Q1 25 | $1.6B | $3.2B | ||
| Q4 24 | $1.6B | $3.2B | ||
| Q3 24 | $1.6B | $3.2B | ||
| Q2 24 | $1.5B | $3.2B | ||
| Q1 24 | $1.5B | $3.2B |
| Q4 25 | $3.2B | $6.8B | ||
| Q3 25 | $3.1B | $6.8B | ||
| Q2 25 | $3.1B | $6.7B | ||
| Q1 25 | $3.0B | $6.6B | ||
| Q4 24 | $3.0B | $6.7B | ||
| Q3 24 | $2.8B | $6.7B | ||
| Q2 24 | $2.7B | $6.7B | ||
| Q1 24 | $2.6B | $6.8B |
| 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× | — | ||
| Q1 24 | 0.48× | — |
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 | $121.4M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $118.7M |
| 自由现金流率自由现金流/营收 | -57.5% | 23.6% |
| 资本支出强度资本支出/营收 | 0.0% | 0.5% |
| 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 | $403.9M |
8季度趋势，按日历期对齐
| Q4 25 | $-157.0M | $121.4M | ||
| Q3 25 | $256.3M | $155.4M | ||
| Q2 25 | $15.8M | $133.1M | ||
| Q1 25 | $-19.8M | $13.0M | ||
| Q4 24 | $-450.0M | $112.2M | ||
| Q3 24 | $119.2M | $122.4M | ||
| Q2 24 | $-61.7M | $88.4M | ||
| Q1 24 | $-59.2M | $-7.4M |
| Q4 25 | $-157.1M | $118.7M | ||
| Q3 25 | $255.6M | $151.3M | ||
| Q2 25 | $15.0M | $126.7M | ||
| Q1 25 | $-20.5M | $7.3M | ||
| Q4 24 | — | $105.8M | ||
| Q3 24 | $118.4M | $115.2M | ||
| Q2 24 | $-62.3M | $79.6M | ||
| Q1 24 | $-59.8M | $-14.6M |
| Q4 25 | -57.5% | 23.6% | ||
| Q3 25 | 38.1% | 32.1% | ||
| Q2 25 | 3.8% | 28.7% | ||
| Q1 25 | -5.8% | 1.7% | ||
| Q4 24 | — | 23.1% | ||
| Q3 24 | 21.5% | 25.8% | ||
| Q2 24 | -19.6% | 17.7% | ||
| Q1 24 | -17.9% | -3.2% |
| Q4 25 | 0.0% | 0.5% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 0.2% | 1.3% | ||
| Q4 24 | 0.0% | 1.4% | ||
| Q3 24 | 0.1% | 1.6% | ||
| Q2 24 | 0.2% | 2.0% | ||
| Q1 24 | 0.2% | 1.6% |
| 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% |
U
| Grow Solutions | $338.2M | 67% |
| Create Solutions | $164.9M | 33% |
