vs
Forestar Group Inc.（FOR）与Ultra Clean Holdings, Inc.（UCTT）财务数据对比。点击上方公司名可切换其他公司
Ultra Clean Holdings, Inc.的季度营收约是Forestar Group Inc.的2.0倍（$533.7M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -2.8%，领先8.5%），Forestar Group Inc.同比增速更快（9.0% vs 2.9%），过去两年Ultra Clean Holdings, Inc.的营收复合增速更高（1.7% 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。
Ultra Clean Holdings是面向半导体、先进显示及生命科学领域的全球供应商，核心业务涵盖关键子系统制造、超高纯清洗服务及精密工艺组件供应，业务覆盖北美、亚洲、欧洲，服务头部晶圆厂及高科技设备制造商。
FOR vs UCTT — 直观对比
营收规模更大
UCTT
是对方的2.0倍
$273.0M
营收增速更快
FOR
高出6.1%
2.9%
净利率更高
FOR
高出8.5%
-2.8%
两年增速更快
UCTT
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $533.7M |
| 净利润 | $15.4M | $-15.0M |
| 毛利率 | 20.1% | 12.2% |
| 营业利润率 | 7.6% | 2.1% |
| 净利率 | 5.6% | -2.8% |
| 营收同比 | 9.0% | 2.9% |
| 净利润同比 | -6.7% | -500.0% |
| 每股收益（稀释后） | $0.30 | $-0.40 |
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FORUCTT
| Q1 26 | — | $533.7M | ||
| Q4 25 | $273.0M | $506.6M | ||
| Q3 25 | $670.5M | $510.0M | ||
| Q2 25 | $390.5M | $518.8M | ||
| Q1 25 | $351.0M | $518.6M | ||
| Q4 24 | $250.4M | $563.4M | ||
| Q3 24 | $551.3M | $540.4M | ||
| Q2 24 | $318.4M | $516.1M |
净利润FORUCTT
| Q1 26 | — | $-15.0M | ||
| Q4 25 | $15.4M | $-3.3M | ||
| Q3 25 | $86.9M | $-10.9M | ||
| Q2 25 | $32.9M | $-162.0M | ||
| Q1 25 | $31.6M | $-5.0M | ||
| Q4 24 | $16.5M | $16.3M | ||
| Q3 24 | $81.5M | $-2.3M | ||
| Q2 24 | $38.7M | $19.1M |
毛利率FORUCTT
| Q1 26 | — | 12.2% | ||
| Q4 25 | 20.1% | 15.2% | ||
| Q3 25 | 22.3% | 16.1% | ||
| Q2 25 | 20.4% | 15.3% | ||
| Q1 25 | 22.6% | 16.2% | ||
| Q4 24 | 22.0% | 16.3% | ||
| Q3 24 | 23.9% | 17.3% | ||
| Q2 24 | 22.5% | 17.1% |
营业利润率FORUCTT
| Q1 26 | — | 2.1% | ||
| Q4 25 | 7.6% | 2.2% | ||
| Q3 25 | 16.9% | 2.1% | ||
| Q2 25 | 11.2% | -27.3% | ||
| Q1 25 | 11.6% | 2.5% | ||
| Q4 24 | 8.7% | 4.6% | ||
| Q3 24 | 19.7% | 4.7% | ||
| Q2 24 | 16.2% | 4.4% |
净利率FORUCTT
| Q1 26 | — | -2.8% | ||
| Q4 25 | 5.6% | -0.7% | ||
| Q3 25 | 13.0% | -2.1% | ||
| Q2 25 | 8.4% | -31.2% | ||
| Q1 25 | 9.0% | -1.0% | ||
| Q4 24 | 6.6% | 2.9% | ||
| Q3 24 | 14.8% | -0.4% | ||
| Q2 24 | 12.2% | 3.7% |
每股收益（稀释后）FORUCTT
| Q1 26 | — | $-0.40 | ||
| Q4 25 | $0.30 | $-0.07 | ||
| Q3 25 | $1.70 | $-0.24 | ||
| Q2 25 | $0.65 | $-3.58 | ||
| Q1 25 | $0.62 | $-0.11 | ||
| Q4 24 | $0.32 | $0.36 | ||
| Q3 24 | $1.59 | $-0.05 | ||
| Q2 24 | $0.76 | $0.42 |
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 | $323.5M |
| 总债务越低越好 | $793.2M | $601.9M |
| 股东权益账面价值 | $1.8B | $702.1M |
| 总资产 | $3.2B | $1.9B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.86× |
8季度趋势，按日历期对齐
现金及短期投资FORUCTT
| Q1 26 | — | $323.5M | ||
| Q4 25 | $211.7M | $311.8M | ||
| Q3 25 | $379.2M | $314.1M | ||
| Q2 25 | $189.2M | $327.4M | ||
| Q1 25 | $174.3M | $317.6M | ||
| Q4 24 | $132.0M | $313.9M | ||
| Q3 24 | $481.2M | $318.2M | ||
| Q2 24 | $359.2M | $319.5M |
总债务FORUCTT
| Q1 26 | — | $601.9M | ||
| Q4 25 | $793.2M | $481.4M | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $499.7M | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — |
股东权益FORUCTT
| Q1 26 | — | $702.1M | ||
| Q4 25 | $1.8B | $711.0M | ||
| Q3 25 | $1.8B | $709.9M | ||
| Q2 25 | $1.7B | $719.4M | ||
| Q1 25 | $1.6B | $872.0M | ||
| Q4 24 | $1.6B | $873.6M | ||
| Q3 24 | $1.6B | $857.9M | ||
| Q2 24 | $1.5B | $852.3M |
总资产FORUCTT
| Q1 26 | — | $1.9B | ||
| Q4 25 | $3.2B | $1.7B | ||
| Q3 25 | $3.1B | $1.7B | ||
| Q2 25 | $3.1B | $1.7B | ||
| Q1 25 | $3.0B | $1.9B | ||
| Q4 24 | $3.0B | $1.9B | ||
| Q3 24 | $2.8B | $1.9B | ||
| Q2 24 | $2.7B | $1.9B |
负债/权益比FORUCTT
| Q1 26 | — | 0.86× | ||
| Q4 25 | 0.44× | 0.68× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | 0.57× | ||
| 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 | — |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | — |
| 自由现金流率自由现金流/营收 | -57.5% | — |
| 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× | — |
| 过去12个月自由现金流最近4个季度 | $93.0M | — |
8季度趋势，按日历期对齐
经营现金流FORUCTT
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $8.1M | ||
| Q3 25 | $256.3M | $100.0K | ||
| Q2 25 | $15.8M | $29.2M | ||
| Q1 25 | $-19.8M | $28.2M | ||
| Q4 24 | $-450.0M | $17.1M | ||
| Q3 24 | $119.2M | $14.9M | ||
| Q2 24 | $-61.7M | $23.2M |
自由现金流FORUCTT
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $-2.0M | ||
| Q3 25 | $255.6M | $-10.9M | ||
| Q2 25 | $15.0M | $12.4M | ||
| Q1 25 | $-20.5M | $15.8M | ||
| Q4 24 | — | $-200.0K | ||
| Q3 24 | $118.4M | $-300.0K | ||
| Q2 24 | $-62.3M | $10.2M |
自由现金流率FORUCTT
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | -0.4% | ||
| Q3 25 | 38.1% | -2.1% | ||
| Q2 25 | 3.8% | 2.4% | ||
| Q1 25 | -5.8% | 3.0% | ||
| Q4 24 | — | -0.0% | ||
| Q3 24 | 21.5% | -0.1% | ||
| Q2 24 | -19.6% | 2.0% |
资本支出强度FORUCTT
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 2.0% | ||
| Q3 25 | 0.1% | 2.2% | ||
| Q2 25 | 0.2% | 3.2% | ||
| Q1 25 | 0.2% | 2.4% | ||
| Q4 24 | 0.0% | 3.1% | ||
| Q3 24 | 0.1% | 2.8% | ||
| Q2 24 | 0.2% | 2.5% |
现金转化率FORUCTT
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | -0.63× | — | ||
| Q4 24 | -27.27× | 1.05× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | 1.21× |
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% |
UCTT
| Products | $465.7M | 87% |
| Services | $68.0M | 13% |
