vs
Forestar Group Inc.（FOR）与WD 40 CO（WDFC）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WD 40 CO的1.8倍（$273.0M vs $154.4M），WD 40 CO净利率更高（11.3% vs 5.6%，领先5.7%），Forestar Group Inc.同比增速更快（9.0% vs 0.6%），WD 40 CO自由现金流更多（$9.1M vs $-157.1M），过去两年WD 40 CO的营收复合增速更高（5.4% 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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
FOR vs WDFC — 直观对比
营收规模更大
FOR
是对方的1.8倍
$154.4M
营收增速更快
FOR
高出8.4%
0.6%
净利率更高
WDFC
高出5.7%
5.6%
自由现金流更多
WDFC
多$166.2M
$-157.1M
两年增速更快
WDFC
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $154.4M |
| 净利润 | $15.4M | $17.5M |
| 毛利率 | 20.1% | 56.2% |
| 营业利润率 | 7.6% | 15.1% |
| 净利率 | 5.6% | 11.3% |
| 营收同比 | 9.0% | 0.6% |
| 净利润同比 | -6.7% | -7.8% |
| 每股收益（稀释后） | $0.30 | $1.28 |
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FORWDFC
| Q4 25 | $273.0M | $154.4M | ||
| Q3 25 | $670.5M | $163.5M | ||
| Q2 25 | $390.5M | $156.9M | ||
| Q1 25 | $351.0M | $146.1M | ||
| Q4 24 | $250.4M | $153.5M | ||
| Q3 24 | $551.3M | $156.0M | ||
| Q2 24 | $318.4M | $155.0M | ||
| Q1 24 | $333.8M | $139.1M |
净利润FORWDFC
| Q4 25 | $15.4M | $17.5M | ||
| Q3 25 | $86.9M | $21.2M | ||
| Q2 25 | $32.9M | $21.0M | ||
| Q1 25 | $31.6M | $29.9M | ||
| Q4 24 | $16.5M | $18.9M | ||
| Q3 24 | $81.5M | $16.8M | ||
| Q2 24 | $38.7M | $19.8M | ||
| Q1 24 | $45.0M | $15.5M |
毛利率FORWDFC
| Q4 25 | 20.1% | 56.2% | ||
| Q3 25 | 22.3% | 54.7% | ||
| Q2 25 | 20.4% | 56.2% | ||
| Q1 25 | 22.6% | 54.6% | ||
| Q4 24 | 22.0% | 54.8% | ||
| Q3 24 | 23.9% | 54.1% | ||
| Q2 24 | 22.5% | 53.1% | ||
| Q1 24 | 24.9% | 52.4% |
营业利润率FORWDFC
| Q4 25 | 7.6% | 15.1% | ||
| Q3 25 | 16.9% | 17.1% | ||
| Q2 25 | 11.2% | 17.4% | ||
| Q1 25 | 11.6% | 15.9% | ||
| Q4 24 | 8.7% | 16.4% | ||
| Q3 24 | 19.7% | 15.4% | ||
| Q2 24 | 16.2% | 17.5% | ||
| Q1 24 | 17.6% | 15.1% |
净利率FORWDFC
| Q4 25 | 5.6% | 11.3% | ||
| Q3 25 | 13.0% | 13.0% | ||
| Q2 25 | 8.4% | 13.4% | ||
| Q1 25 | 9.0% | 20.4% | ||
| Q4 24 | 6.6% | 12.3% | ||
| Q3 24 | 14.8% | 10.8% | ||
| Q2 24 | 12.2% | 12.8% | ||
| Q1 24 | 13.5% | 11.2% |
每股收益（稀释后）FORWDFC
| Q4 25 | $0.30 | $1.28 | ||
| Q3 25 | $1.70 | $1.57 | ||
| Q2 25 | $0.65 | $1.54 | ||
| Q1 25 | $0.62 | $2.19 | ||
| Q4 24 | $0.32 | $1.39 | ||
| Q3 24 | $1.59 | $1.23 | ||
| Q2 24 | $0.76 | $1.46 | ||
| Q1 24 | $0.89 | $1.14 |
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 | $48.6M |
| 总债务越低越好 | $793.2M | $85.7M |
| 股东权益账面价值 | $1.8B | $264.1M |
| 总资产 | $3.2B | $459.7M |
| 负债/权益比越低杠杆越低 | 0.44× | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资FORWDFC
| Q4 25 | $211.7M | $48.6M | ||
| Q3 25 | $379.2M | $58.1M | ||
| Q2 25 | $189.2M | $51.7M | ||
| Q1 25 | $174.3M | $53.0M | ||
| Q4 24 | $132.0M | $54.9M | ||
| Q3 24 | $481.2M | $46.7M | ||
| Q2 24 | $359.2M | $45.3M | ||
| Q1 24 | $416.2M | $55.4M |
总债务FORWDFC
| Q4 25 | $793.2M | $85.7M | ||
| Q3 25 | $802.7M | $86.2M | ||
| Q2 25 | $872.8M | $85.6M | ||
| Q1 25 | $872.5M | $84.4M | ||
| Q4 24 | $806.8M | $84.6M | ||
| Q3 24 | $706.4M | $86.0M | ||
| Q2 24 | $706.1M | $85.5M | ||
| Q1 24 | $705.7M | $85.9M |
股东权益FORWDFC
| Q4 25 | $1.8B | $264.1M | ||
| Q3 25 | $1.8B | $268.2M | ||
| Q2 25 | $1.7B | $257.1M | ||
| Q1 25 | $1.6B | $242.1M | ||
| Q4 24 | $1.6B | $226.3M | ||
| Q3 24 | $1.6B | $230.5M | ||
| Q2 24 | $1.5B | $222.2M | ||
| Q1 24 | $1.5B | $216.3M |
总资产FORWDFC
| Q4 25 | $3.2B | $459.7M | ||
| Q3 25 | $3.1B | $475.8M | ||
| Q2 25 | $3.1B | $456.0M | ||
| Q1 25 | $3.0B | $458.3M | ||
| Q4 24 | $3.0B | $447.3M | ||
| Q3 24 | $2.8B | $449.0M | ||
| Q2 24 | $2.7B | $443.6M | ||
| Q1 24 | $2.6B | $442.0M |
负债/权益比FORWDFC
| Q4 25 | 0.44× | 0.32× | ||
| Q3 25 | 0.45× | 0.32× | ||
| Q2 25 | 0.52× | 0.33× | ||
| Q1 25 | 0.53× | 0.35× | ||
| Q4 24 | 0.50× | 0.37× | ||
| Q3 24 | 0.44× | 0.37× | ||
| Q2 24 | 0.47× | 0.38× | ||
| Q1 24 | 0.48× | 0.40× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $9.1M |
| 自由现金流率自由现金流/营收 | -57.5% | 5.9% |
| 资本支出强度资本支出/营收 | 0.0% | 0.6% |
| 现金转化率经营现金流/净利润 | -10.19× | 0.57× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $78.2M |
8季度趋势，按日历期对齐
经营现金流FORWDFC
| Q4 25 | $-157.0M | $10.0M | ||
| Q3 25 | $256.3M | $29.9M | ||
| Q2 25 | $15.8M | $35.1M | ||
| Q1 25 | $-19.8M | $8.0M | ||
| Q4 24 | $-450.0M | $14.9M | ||
| Q3 24 | $119.2M | $27.2M | ||
| Q2 24 | $-61.7M | $19.9M | ||
| Q1 24 | $-59.2M | $18.0M |
自由现金流FORWDFC
| Q4 25 | $-157.1M | $9.1M | ||
| Q3 25 | $255.6M | $28.6M | ||
| Q2 25 | $15.0M | $34.0M | ||
| Q1 25 | $-20.5M | $6.6M | ||
| Q4 24 | — | $14.2M | ||
| Q3 24 | $118.4M | $26.4M | ||
| Q2 24 | $-62.3M | $18.7M | ||
| Q1 24 | $-59.8M | $16.7M |
自由现金流率FORWDFC
| Q4 25 | -57.5% | 5.9% | ||
| Q3 25 | 38.1% | 17.5% | ||
| Q2 25 | 3.8% | 21.6% | ||
| Q1 25 | -5.8% | 4.5% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 21.5% | 16.9% | ||
| Q2 24 | -19.6% | 12.0% | ||
| Q1 24 | -17.9% | 12.0% |
资本支出强度FORWDFC
| Q4 25 | 0.0% | 0.6% | ||
| Q3 25 | 0.1% | 0.8% | ||
| Q2 25 | 0.2% | 0.7% | ||
| Q1 25 | 0.2% | 0.9% | ||
| Q4 24 | 0.0% | 0.5% | ||
| Q3 24 | 0.1% | 0.5% | ||
| Q2 24 | 0.2% | 0.8% | ||
| Q1 24 | 0.2% | 0.9% |
现金转化率FORWDFC
| Q4 25 | -10.19× | 0.57× | ||
| Q3 25 | 2.95× | 1.41× | ||
| Q2 25 | 0.48× | 1.67× | ||
| Q1 25 | -0.63× | 0.27× | ||
| Q4 24 | -27.27× | 0.79× | ||
| Q3 24 | 1.46× | 1.62× | ||
| Q2 24 | -1.59× | 1.00× | ||
| Q1 24 | -1.32× | 1.16× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
