vs
Forestar Group Inc.（FOR）与Wingstop Inc.（WING）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Wingstop Inc.的1.5倍（$273.0M vs $183.7M），Wingstop Inc.净利率更高（16.3% vs 5.6%，领先10.6%），Forestar Group Inc.同比增速更快（9.0% vs 7.4%），过去两年Wingstop Inc.的营收复合增速更高（8.6% 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。
Wingstop Inc.是美国知名跨国快餐连锁品牌，核心产品为布法罗鸡翅，旗下门店均采用20世纪30至40年代喷气时代前的航空主题装饰风格，目前业务已覆盖全球多个国家和地区。
FOR vs WING — 直观对比
营收规模更大
FOR
是对方的1.5倍
$183.7M
营收增速更快
FOR
高出1.6%
7.4%
净利率更高
WING
高出10.6%
5.6%
两年增速更快
WING
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $183.7M |
| 净利润 | $15.4M | $29.9M |
| 毛利率 | 20.1% | 86.5% |
| 营业利润率 | 7.6% | 27.4% |
| 净利率 | 5.6% | 16.3% |
| 营收同比 | 9.0% | 7.4% |
| 净利润同比 | -6.7% | -67.6% |
| 每股收益（稀释后） | $0.30 | $1.08 |
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FORWING
| Q1 26 | — | $183.7M | ||
| Q4 25 | $273.0M | $175.7M | ||
| Q3 25 | $670.5M | $175.7M | ||
| Q2 25 | $390.5M | $174.3M | ||
| Q1 25 | $351.0M | $171.1M | ||
| Q4 24 | $250.4M | $161.8M | ||
| Q3 24 | $551.3M | $162.5M | ||
| Q2 24 | $318.4M | $155.7M |
净利润FORWING
| Q1 26 | — | $29.9M | ||
| Q4 25 | $15.4M | $26.8M | ||
| Q3 25 | $86.9M | $28.5M | ||
| Q2 25 | $32.9M | $26.8M | ||
| Q1 25 | $31.6M | $92.3M | ||
| Q4 24 | $16.5M | $26.8M | ||
| Q3 24 | $81.5M | $25.7M | ||
| Q2 24 | $38.7M | $27.5M |
毛利率FORWING
| Q1 26 | — | 86.5% | ||
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | 85.6% | ||
| Q3 24 | 23.9% | 85.0% | ||
| Q2 24 | 22.5% | 85.4% |
营业利润率FORWING
| Q1 26 | — | 27.4% | ||
| Q4 25 | 7.6% | 26.7% | ||
| Q3 25 | 16.9% | 27.9% | ||
| Q2 25 | 11.2% | 25.9% | ||
| Q1 25 | 11.6% | 22.4% | ||
| Q4 24 | 8.7% | 25.9% | ||
| Q3 24 | 19.7% | 24.5% | ||
| Q2 24 | 16.2% | 26.5% |
净利率FORWING
| Q1 26 | — | 16.3% | ||
| Q4 25 | 5.6% | 15.2% | ||
| Q3 25 | 13.0% | 16.2% | ||
| Q2 25 | 8.4% | 15.4% | ||
| Q1 25 | 9.0% | 53.9% | ||
| Q4 24 | 6.6% | 16.5% | ||
| Q3 24 | 14.8% | 15.8% | ||
| Q2 24 | 12.2% | 17.7% |
每股收益（稀释后）FORWING
| Q1 26 | — | $1.08 | ||
| Q4 25 | $0.30 | $0.99 | ||
| Q3 25 | $1.70 | $1.02 | ||
| Q2 25 | $0.65 | $0.96 | ||
| Q1 25 | $0.62 | $3.24 | ||
| Q4 24 | $0.32 | $0.91 | ||
| Q3 24 | $1.59 | $0.88 | ||
| Q2 24 | $0.76 | $0.93 |
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 | $128.8M |
| 总债务越低越好 | $793.2M | — |
| 股东权益账面价值 | $1.8B | — |
| 总资产 | $3.2B | $648.9M |
| 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FORWING
| Q1 26 | — | $128.8M | ||
| Q4 25 | $211.7M | $196.6M | ||
| Q3 25 | $379.2M | $237.6M | ||
| Q2 25 | $189.2M | $227.9M | ||
| Q1 25 | $174.3M | $251.4M | ||
| Q4 24 | $132.0M | $315.9M | ||
| Q3 24 | $481.2M | $84.0M | ||
| Q2 24 | $359.2M | $96.7M |
总债务FORWING
| Q1 26 | — | — | ||
| Q4 25 | $793.2M | $1.2B | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $1.2B | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — |
股东权益FORWING
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $-736.8M | ||
| Q3 25 | $1.8B | $-702.6M | ||
| Q2 25 | $1.7B | $-686.0M | ||
| Q1 25 | $1.6B | $-715.0M | ||
| Q4 24 | $1.6B | $-675.6M | ||
| Q3 24 | $1.6B | $-447.5M | ||
| Q2 24 | $1.5B | $-437.5M |
总资产FORWING
| Q1 26 | — | $648.9M | ||
| Q4 25 | $3.2B | $693.4M | ||
| Q3 25 | $3.1B | $721.0M | ||
| Q2 25 | $3.1B | $708.3M | ||
| Q1 25 | $3.0B | $696.8M | ||
| Q4 24 | $3.0B | $716.2M | ||
| Q3 24 | $2.8B | $484.8M | ||
| Q2 24 | $2.7B | $451.8M |
负债/权益比FORWING
| Q1 26 | — | — | ||
| 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× | — |
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FORWING
| Q1 26 | — | — | ||
| Q4 25 | $-157.0M | $57.3M | ||
| Q3 25 | $256.3M | $63.9M | ||
| Q2 25 | $15.8M | $6.6M | ||
| Q1 25 | $-19.8M | $25.3M | ||
| Q4 24 | $-450.0M | $7.7M | ||
| Q3 24 | $119.2M | $69.0M | ||
| Q2 24 | $-61.7M | $36.2M |
自由现金流FORWING
| Q1 26 | — | — | ||
| Q4 25 | $-157.1M | $34.5M | ||
| Q3 25 | $255.6M | $61.7M | ||
| Q2 25 | $15.0M | $-7.8M | ||
| Q1 25 | $-20.5M | $17.3M | ||
| Q4 24 | — | $-8.6M | ||
| Q3 24 | $118.4M | $54.9M | ||
| Q2 24 | $-62.3M | $25.9M |
自由现金流率FORWING
| Q1 26 | — | — | ||
| Q4 25 | -57.5% | 19.6% | ||
| Q3 25 | 38.1% | 35.1% | ||
| Q2 25 | 3.8% | -4.5% | ||
| Q1 25 | -5.8% | 10.1% | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 21.5% | 33.8% | ||
| Q2 24 | -19.6% | 16.6% |
资本支出强度FORWING
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 13.0% | ||
| Q3 25 | 0.1% | 1.3% | ||
| Q2 25 | 0.2% | 8.2% | ||
| Q1 25 | 0.2% | 4.7% | ||
| Q4 24 | 0.0% | 10.1% | ||
| Q3 24 | 0.1% | 8.7% | ||
| Q2 24 | 0.2% | 6.6% |
现金转化率FORWING
| Q1 26 | — | — | ||
| Q4 25 | -10.19× | 2.14× | ||
| Q3 25 | 2.95× | 2.24× | ||
| Q2 25 | 0.48× | 0.25× | ||
| Q1 25 | -0.63× | 0.27× | ||
| Q4 24 | -27.27× | 0.29× | ||
| Q3 24 | 1.46× | 2.68× | ||
| Q2 24 | -1.59× | 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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |
