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Forestar Group Inc.（FOR）与世纪互联（VNET）财务数据对比。点击上方公司名可切换其他公司
世纪互联的季度营收约是Forestar Group Inc.的1.3倍（$362.7M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs -10.7%，领先16.3%），Forestar Group Inc.自由现金流更多（$-157.1M vs $-193.1M），过去两年世纪互联的营收复合增速更高（17.4% 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。
VNET Group即世纪互联，是中国领先的第三方中立数据中心服务商，提供机柜托管、云基础设施、混合云部署及网络管理等解决方案，服务覆盖科技、金融、零售等多领域企业客户，为企业数字化运营提供稳定的算力与网络支撑。
FOR vs VNET — 直观对比
营收规模更大
VNET
是对方的1.3倍
$273.0M
净利率更高
FOR
高出16.3%
-10.7%
自由现金流更多
FOR
多$36.0M
$-193.1M
两年增速更快
VNET
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $362.7M |
| 净利润 | $15.4M | $-38.7M |
| 毛利率 | 20.1% | 20.9% |
| 营业利润率 | 7.6% | 0.5% |
| 净利率 | 5.6% | -10.7% |
| 营收同比 | 9.0% | — |
| 净利润同比 | -6.7% | — |
| 每股收益（稀释后） | $0.30 | — |
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FORVNET
| Q4 25 | $273.0M | — | ||
| Q3 25 | $670.5M | $362.7M | ||
| Q2 25 | $390.5M | — | ||
| Q1 25 | $351.0M | $309.5M | ||
| Q4 24 | $250.4M | — | ||
| Q3 24 | $551.3M | $302.2M | ||
| Q2 24 | $318.4M | $274.4M | ||
| Q1 24 | $333.8M | $262.9M |
净利润FORVNET
| Q4 25 | $15.4M | — | ||
| Q3 25 | $86.9M | $-38.7M | ||
| Q2 25 | $32.9M | — | ||
| Q1 25 | $31.6M | $-2.4M | ||
| Q4 24 | $16.5M | — | ||
| Q3 24 | $81.5M | $-2.1M | ||
| Q2 24 | $38.7M | $-1.1M | ||
| Q1 24 | $45.0M | $-22.0M |
毛利率FORVNET
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | 20.9% | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | 25.2% | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | 23.2% | ||
| Q2 24 | 22.5% | 21.3% | ||
| Q1 24 | 24.9% | 21.6% |
营业利润率FORVNET
| Q4 25 | 7.6% | — | ||
| Q3 25 | 16.9% | 0.5% | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.6% | 0.1% | ||
| Q4 24 | 8.7% | — | ||
| Q3 24 | 19.7% | 24.5% | ||
| Q2 24 | 16.2% | 0.2% | ||
| Q1 24 | 17.6% | 0.2% |
净利率FORVNET
| Q4 25 | 5.6% | — | ||
| Q3 25 | 13.0% | -10.7% | ||
| Q2 25 | 8.4% | — | ||
| Q1 25 | 9.0% | -0.8% | ||
| Q4 24 | 6.6% | — | ||
| Q3 24 | 14.8% | -0.7% | ||
| Q2 24 | 12.2% | -0.4% | ||
| Q1 24 | 13.5% | -8.4% |
每股收益（稀释后）FORVNET
| Q4 25 | $0.30 | — | ||
| Q3 25 | $1.70 | — | ||
| Q2 25 | $0.65 | — | ||
| Q1 25 | $0.62 | — | ||
| Q4 24 | $0.32 | — | ||
| Q3 24 | $1.59 | — | ||
| Q2 24 | $0.76 | — | ||
| Q1 24 | $0.89 | — |
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 | $492.1M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $890.8M |
| 总资产 | $3.2B | $6.1B |
| 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FORVNET
| Q4 25 | $211.7M | — | ||
| Q3 25 | $379.2M | $492.1M | ||
| Q2 25 | $189.2M | — | ||
| Q1 25 | $174.3M | $544.3M | ||
| Q4 24 | $132.0M | — | ||
| Q3 24 | $481.2M | $219.5M | ||
| Q2 24 | $359.2M | $247.2M | ||
| Q1 24 | $416.2M | $246.9M |
总债务FORVNET
| Q4 25 | $793.2M | — | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | — | ||
| Q3 24 | $706.4M | $1.2B | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
股东权益FORVNET
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | $890.8M | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.6B | $927.8M | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | $1.6B | $902.9M | ||
| Q2 24 | $1.5B | $900.6M | ||
| Q1 24 | $1.5B | $895.1M |
总资产FORVNET
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.1B | $6.1B | ||
| Q2 25 | $3.1B | — | ||
| Q1 25 | $3.0B | $5.4B | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | $2.8B | $4.3B | ||
| Q2 24 | $2.7B | $4.0B | ||
| Q1 24 | $2.6B | $3.9B |
负债/权益比FORVNET
| Q4 25 | 0.44× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | — | ||
| Q3 24 | 0.44× | 1.28× | ||
| 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 | $113.8M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $-193.1M |
| 自由现金流率自由现金流/营收 | -57.5% | -53.2% |
| 资本支出强度资本支出/营收 | 0.0% | 84.6% |
| 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 | $-589.7M |
8季度趋势，按日历期对齐
经营现金流FORVNET
| Q4 25 | $-157.0M | — | ||
| Q3 25 | $256.3M | $113.8M | ||
| Q2 25 | $15.8M | — | ||
| Q1 25 | $-19.8M | $27.0M | ||
| Q4 24 | $-450.0M | — | ||
| Q3 24 | $119.2M | $108.3M | ||
| Q2 24 | $-61.7M | $55.8M | ||
| Q1 24 | $-59.2M | $37.1M |
自由现金流FORVNET
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | $-193.1M | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | $-220.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | $-95.0M | ||
| Q2 24 | $-62.3M | $-81.6M | ||
| Q1 24 | $-59.8M | $-102.2M |
自由现金流率FORVNET
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | -53.2% | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | -71.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | -31.4% | ||
| Q2 24 | -19.6% | -29.8% | ||
| Q1 24 | -17.9% | -38.9% |
资本支出强度FORVNET
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | 84.6% | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | 79.8% | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | 67.3% | ||
| Q2 24 | 0.2% | 50.1% | ||
| Q1 24 | 0.2% | 53.0% |
现金转化率FORVNET
| 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% |
VNET
暂无分部数据
