vs
Forestar Group Inc.（FOR）与威瑞信（VRSN）财务数据对比。点击上方公司名可切换其他公司
威瑞信的季度营收约是Forestar Group Inc.的1.6倍（$425.3M vs $273.0M），威瑞信净利率更高（48.5% vs 5.6%，领先42.8%），Forestar Group Inc.同比增速更快（9.0% vs 7.6%），威瑞信自由现金流更多（$285.1M vs $-157.1M），过去两年威瑞信的营收复合增速更高（5.2% 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。
威瑞信是总部位于美国弗吉尼亚州雷斯顿的网络基础设施服务商，运营全球互联网13台根域名服务器中的2台，同时是.com、.net、.name、.cc等顶级域名的权威注册管理机构，还负责.jobs、.edu等赞助类顶级域名的后端系统运维工作。
FOR vs VRSN — 直观对比
营收规模更大
VRSN
是对方的1.6倍
$273.0M
营收增速更快
FOR
高出1.5%
7.6%
净利率更高
VRSN
高出42.8%
5.6%
自由现金流更多
VRSN
多$442.2M
$-157.1M
两年增速更快
VRSN
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $425.3M |
| 净利润 | $15.4M | $206.2M |
| 毛利率 | 20.1% | 88.5% |
| 营业利润率 | 7.6% | 67.0% |
| 净利率 | 5.6% | 48.5% |
| 营收同比 | 9.0% | 7.6% |
| 净利润同比 | -6.7% | 7.7% |
| 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FORVRSN
| Q4 25 | $273.0M | $425.3M | ||
| Q3 25 | $670.5M | $419.1M | ||
| Q2 25 | $390.5M | $409.9M | ||
| Q1 25 | $351.0M | $402.3M | ||
| Q4 24 | $250.4M | $395.4M | ||
| Q3 24 | $551.3M | $390.6M | ||
| Q2 24 | $318.4M | $387.1M | ||
| Q1 24 | $333.8M | $384.3M |
净利润FORVRSN
| Q4 25 | $15.4M | $206.2M | ||
| Q3 25 | $86.9M | $212.8M | ||
| Q2 25 | $32.9M | $207.4M | ||
| Q1 25 | $31.6M | $199.3M | ||
| Q4 24 | $16.5M | $191.5M | ||
| Q3 24 | $81.5M | $201.3M | ||
| Q2 24 | $38.7M | $198.8M | ||
| Q1 24 | $45.0M | $194.1M |
毛利率FORVRSN
| Q4 25 | 20.1% | 88.5% | ||
| Q3 25 | 22.3% | 88.4% | ||
| Q2 25 | 20.4% | 88.0% | ||
| Q1 25 | 22.6% | 87.7% | ||
| Q4 24 | 22.0% | 87.8% | ||
| Q3 24 | 23.9% | 88.0% | ||
| Q2 24 | 22.5% | 87.8% | ||
| Q1 24 | 24.9% | 87.2% |
营业利润率FORVRSN
| Q4 25 | 7.6% | 67.0% | ||
| Q3 25 | 16.9% | 67.8% | ||
| Q2 25 | 11.2% | 68.5% | ||
| Q1 25 | 11.6% | 67.4% | ||
| Q4 24 | 8.7% | 66.7% | ||
| Q3 24 | 19.7% | 68.9% | ||
| Q2 24 | 16.2% | 68.8% | ||
| Q1 24 | 17.6% | 67.4% |
净利率FORVRSN
| Q4 25 | 5.6% | 48.5% | ||
| Q3 25 | 13.0% | 50.8% | ||
| Q2 25 | 8.4% | 50.6% | ||
| Q1 25 | 9.0% | 49.5% | ||
| Q4 24 | 6.6% | 48.4% | ||
| Q3 24 | 14.8% | 51.5% | ||
| Q2 24 | 12.2% | 51.4% | ||
| Q1 24 | 13.5% | 50.5% |
每股收益（稀释后）FORVRSN
| 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 | $580.5M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | $-2.2B |
| 总资产 | $3.2B | $1.3B |
| 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FORVRSN
| Q4 25 | $211.7M | $580.5M | ||
| Q3 25 | $379.2M | $617.7M | ||
| Q2 25 | $189.2M | $593.8M | ||
| Q1 25 | $174.3M | $648.5M | ||
| Q4 24 | $132.0M | $599.9M | ||
| Q3 24 | $481.2M | $644.9M | ||
| Q2 24 | $359.2M | $689.9M | ||
| Q1 24 | $416.2M | $924.7M |
总债务FORVRSN
| 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FORVRSN
| Q4 25 | $1.8B | $-2.2B | ||
| Q3 25 | $1.8B | $-2.1B | ||
| Q2 25 | $1.7B | $-2.0B | ||
| Q1 25 | $1.6B | $-2.0B | ||
| Q4 24 | $1.6B | $-2.0B | ||
| Q3 24 | $1.6B | $-1.9B | ||
| Q2 24 | $1.5B | $-1.8B | ||
| Q1 24 | $1.5B | $-1.6B |
总资产FORVRSN
| Q4 25 | $3.2B | $1.3B | ||
| Q3 25 | $3.1B | $1.4B | ||
| Q2 25 | $3.1B | $1.4B | ||
| Q1 25 | $3.0B | $1.4B | ||
| Q4 24 | $3.0B | $1.4B | ||
| Q3 24 | $2.8B | $1.5B | ||
| Q2 24 | $2.7B | $1.5B | ||
| Q1 24 | $2.6B | $1.7B |
负债/权益比FORVRSN
| 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 | $289.6M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $285.1M |
| 自由现金流率自由现金流/营收 | -57.5% | 67.0% |
| 资本支出强度资本支出/营收 | 0.0% | 1.1% |
| 现金转化率经营现金流/净利润 | -10.19× | 1.40× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $1.1B |
8季度趋势，按日历期对齐
经营现金流FORVRSN
| Q4 25 | $-157.0M | $289.6M | ||
| Q3 25 | $256.3M | $307.7M | ||
| Q2 25 | $15.8M | $202.5M | ||
| Q1 25 | $-19.8M | $291.3M | ||
| Q4 24 | $-450.0M | $231.5M | ||
| Q3 24 | $119.2M | $253.4M | ||
| Q2 24 | $-61.7M | $160.4M | ||
| Q1 24 | $-59.2M | $257.3M |
自由现金流FORVRSN
| Q4 25 | $-157.1M | $285.1M | ||
| Q3 25 | $255.6M | $303.0M | ||
| Q2 25 | $15.0M | $194.7M | ||
| Q1 25 | $-20.5M | $285.5M | ||
| Q4 24 | — | $222.0M | ||
| Q3 24 | $118.4M | $247.8M | ||
| Q2 24 | $-62.3M | $151.2M | ||
| Q1 24 | $-59.8M | $253.5M |
自由现金流率FORVRSN
| Q4 25 | -57.5% | 67.0% | ||
| Q3 25 | 38.1% | 72.3% | ||
| Q2 25 | 3.8% | 47.5% | ||
| Q1 25 | -5.8% | 71.0% | ||
| Q4 24 | — | 56.1% | ||
| Q3 24 | 21.5% | 63.4% | ||
| Q2 24 | -19.6% | 39.1% | ||
| Q1 24 | -17.9% | 66.0% |
资本支出强度FORVRSN
| Q4 25 | 0.0% | 1.1% | ||
| Q3 25 | 0.1% | 1.1% | ||
| Q2 25 | 0.2% | 1.9% | ||
| Q1 25 | 0.2% | 1.4% | ||
| Q4 24 | 0.0% | 2.4% | ||
| Q3 24 | 0.1% | 1.4% | ||
| Q2 24 | 0.2% | 2.4% | ||
| Q1 24 | 0.2% | 1.0% |
现金转化率FORVRSN
| Q4 25 | -10.19× | 1.40× | ||
| Q3 25 | 2.95× | 1.45× | ||
| Q2 25 | 0.48× | 0.98× | ||
| Q1 25 | -0.63× | 1.46× | ||
| Q4 24 | -27.27× | 1.21× | ||
| Q3 24 | 1.46× | 1.26× | ||
| Q2 24 | -1.59× | 0.81× | ||
| Q1 24 | -1.32× | 1.33× |
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% |
VRSN
暂无分部数据
