vs
Forestar Group Inc.（FOR）与Udemy, Inc.（UDMY）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Udemy, Inc.的1.4倍（$273.0M vs $194.0M），Forestar Group Inc.净利率更高（5.6% vs -1.2%，领先6.8%），Forestar Group Inc.同比增速更快（9.0% vs -3.0%），Udemy, Inc.自由现金流更多（$15.0M vs $-157.1M），过去两年Udemy, Inc.的营收复合增速更高（-0.7% 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。
Udemy是一家总部位于美国的教育科技企业，2010年成立，最初定位为大规模开放在线课程提供商，目前核心办公地点位于加州旧金山，在美、澳、印、爱、墨、土多国均设有分支机构。它主打在线教育平台，支持用户自主创建并分享课程，平台课程以按需点播的视频内容为主，截至2025年初已拥有数百万个人用户。
FOR vs UDMY — 直观对比
营收规模更大
FOR
是对方的1.4倍
$194.0M
营收增速更快
FOR
高出12.0%
-3.0%
净利率更高
FOR
高出6.8%
-1.2%
自由现金流更多
UDMY
多$172.1M
$-157.1M
两年增速更快
UDMY
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $194.0M |
| 净利润 | $15.4M | $-2.3M |
| 毛利率 | 20.1% | 66.0% |
| 营业利润率 | 7.6% | -1.8% |
| 净利率 | 5.6% | -1.2% |
| 营收同比 | 9.0% | -3.0% |
| 净利润同比 | -6.7% | 76.4% |
| 每股收益（稀释后） | $0.30 | $-0.01 |
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FORUDMY
| Q4 25 | $273.0M | $194.0M | ||
| Q3 25 | $670.5M | $195.7M | ||
| Q2 25 | $390.5M | $199.9M | ||
| Q1 25 | $351.0M | $200.3M | ||
| Q4 24 | $250.4M | $199.9M | ||
| Q3 24 | $551.3M | $195.4M | ||
| Q2 24 | $318.4M | $194.4M | ||
| Q1 24 | $333.8M | $196.8M |
净利润FORUDMY
| Q4 25 | $15.4M | $-2.3M | ||
| Q3 25 | $86.9M | $1.6M | ||
| Q2 25 | $32.9M | $6.3M | ||
| Q1 25 | $31.6M | $-1.8M | ||
| Q4 24 | $16.5M | $-9.9M | ||
| Q3 24 | $81.5M | $-25.3M | ||
| Q2 24 | $38.7M | $-31.8M | ||
| Q1 24 | $45.0M | $-18.3M |
毛利率FORUDMY
| Q4 25 | 20.1% | 66.0% | ||
| Q3 25 | 22.3% | 65.9% | ||
| Q2 25 | 20.4% | 66.1% | ||
| Q1 25 | 22.6% | 64.6% | ||
| Q4 24 | 22.0% | 63.6% | ||
| Q3 24 | 23.9% | 63.0% | ||
| Q2 24 | 22.5% | 62.3% | ||
| Q1 24 | 24.9% | 61.2% |
营业利润率FORUDMY
| Q4 25 | 7.6% | -1.8% | ||
| Q3 25 | 16.9% | -0.1% | ||
| Q2 25 | 11.2% | 2.0% | ||
| Q1 25 | 11.6% | -2.2% | ||
| Q4 24 | 8.7% | -5.8% | ||
| Q3 24 | 19.7% | -15.1% | ||
| Q2 24 | 16.2% | -13.1% | ||
| Q1 24 | 17.6% | -11.5% |
净利率FORUDMY
| Q4 25 | 5.6% | -1.2% | ||
| Q3 25 | 13.0% | 0.8% | ||
| Q2 25 | 8.4% | 3.1% | ||
| Q1 25 | 9.0% | -0.9% | ||
| Q4 24 | 6.6% | -4.9% | ||
| Q3 24 | 14.8% | -12.9% | ||
| Q2 24 | 12.2% | -16.4% | ||
| Q1 24 | 13.5% | -9.3% |
每股收益（稀释后）FORUDMY
| Q4 25 | $0.30 | $-0.01 | ||
| Q3 25 | $1.70 | $0.01 | ||
| Q2 25 | $0.65 | $0.04 | ||
| Q1 25 | $0.62 | $-0.01 | ||
| Q4 24 | $0.32 | $-0.06 | ||
| Q3 24 | $1.59 | $-0.17 | ||
| Q2 24 | $0.76 | $-0.21 | ||
| Q1 24 | $0.89 | $-0.12 |
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 | $358.7M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $210.5M |
| 总资产 | $3.2B | $617.7M |
| 负债/权益比越低杠杆越低 | 0.44× | — |
8季度趋势，按日历期对齐
现金及短期投资FORUDMY
| Q4 25 | $211.7M | $358.7M | ||
| Q3 25 | $379.2M | $371.2M | ||
| Q2 25 | $189.2M | $392.0M | ||
| Q1 25 | $174.3M | $357.0M | ||
| Q4 24 | $132.0M | $354.4M | ||
| Q3 24 | $481.2M | $357.1M | ||
| Q2 24 | $359.2M | $420.9M | ||
| Q1 24 | $416.2M | $430.7M |
总债务FORUDMY
| 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 | — |
股东权益FORUDMY
| Q4 25 | $1.8B | $210.5M | ||
| Q3 25 | $1.8B | $221.8M | ||
| Q2 25 | $1.7B | $233.4M | ||
| Q1 25 | $1.6B | $209.4M | ||
| Q4 24 | $1.6B | $197.4M | ||
| Q3 24 | $1.6B | $196.3M | ||
| Q2 24 | $1.5B | $252.3M | ||
| Q1 24 | $1.5B | $296.5M |
总资产FORUDMY
| Q4 25 | $3.2B | $617.7M | ||
| Q3 25 | $3.1B | $618.9M | ||
| Q2 25 | $3.1B | $644.0M | ||
| Q1 25 | $3.0B | $639.0M | ||
| Q4 24 | $3.0B | $605.6M | ||
| Q3 24 | $2.8B | $608.9M | ||
| Q2 24 | $2.7B | $671.9M | ||
| Q1 24 | $2.6B | $708.5M |
负债/权益比FORUDMY
| 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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $15.0M |
| 自由现金流率自由现金流/营收 | -57.5% | 7.7% |
| 资本支出强度资本支出/营收 | 0.0% | 0.3% |
| 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 | $81.9M |
8季度趋势，按日历期对齐
经营现金流FORUDMY
| Q4 25 | $-157.0M | $15.5M | ||
| Q3 25 | $256.3M | $15.7M | ||
| Q2 25 | $15.8M | $44.2M | ||
| Q1 25 | $-19.8M | $12.2M | ||
| Q4 24 | $-450.0M | $9.6M | ||
| Q3 24 | $119.2M | $-6.1M | ||
| Q2 24 | $-61.7M | $28.6M | ||
| Q1 24 | $-59.2M | $21.0M |
自由现金流FORUDMY
| Q4 25 | $-157.1M | $15.0M | ||
| Q3 25 | $255.6M | $15.1M | ||
| Q2 25 | $15.0M | $41.9M | ||
| Q1 25 | $-20.5M | $9.8M | ||
| Q4 24 | — | $8.4M | ||
| Q3 24 | $118.4M | $-6.7M | ||
| Q2 24 | $-62.3M | $28.2M | ||
| Q1 24 | $-59.8M | $20.8M |
自由现金流率FORUDMY
| Q4 25 | -57.5% | 7.7% | ||
| Q3 25 | 38.1% | 7.7% | ||
| Q2 25 | 3.8% | 21.0% | ||
| Q1 25 | -5.8% | 4.9% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | 21.5% | -3.4% | ||
| Q2 24 | -19.6% | 14.5% | ||
| Q1 24 | -17.9% | 10.6% |
资本支出强度FORUDMY
| Q4 25 | 0.0% | 0.3% | ||
| Q3 25 | 0.1% | 0.3% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.2% | 1.2% | ||
| Q4 24 | 0.0% | 0.6% | ||
| Q3 24 | 0.1% | 0.3% | ||
| Q2 24 | 0.2% | 0.2% | ||
| Q1 24 | 0.2% | 0.1% |
现金转化率FORUDMY
| Q4 25 | -10.19× | — | ||
| Q3 25 | 2.95× | 9.58× | ||
| Q2 25 | 0.48× | 7.06× | ||
| 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% |
UDMY
暂无分部数据
