vs
Forestar Group Inc.（FOR）与W. P. Carey Inc.（WPC）财务数据对比。点击上方公司名可切换其他公司
W. P. Carey Inc.的季度营收约是Forestar Group Inc.的1.6倍（$444.5M vs $273.0M），W. P. Carey Inc.净利率更高（33.4% vs 5.6%，领先27.7%），W. P. Carey Inc.同比增速更快（9.4% vs 9.0%），过去两年W. P. Carey Inc.的营收复合增速更高（6.8% 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。
W.P.凯里是一家房地产投资信托企业，主打投资以三净租赁模式租予单一租户的物业。公司注册地位于美国马里兰州，核心办公地点设在纽约市，深耕商业地产投资领域，拥有成熟的运营经验与优质的项目资源。
FOR vs WPC — 直观对比
营收规模更大
WPC
是对方的1.6倍
$273.0M
营收增速更快
WPC
高出0.4%
9.0%
净利率更高
WPC
高出27.7%
5.6%
两年增速更快
WPC
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $444.5M |
| 净利润 | $15.4M | $148.3M |
| 毛利率 | 20.1% | — |
| 营业利润率 | 7.6% | 34.5% |
| 净利率 | 5.6% | 33.4% |
| 营收同比 | 9.0% | 9.4% |
| 净利润同比 | -6.7% | 215.4% |
| 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FORWPC
| Q4 25 | $273.0M | $444.5M | ||
| Q3 25 | $670.5M | $431.3M | ||
| Q2 25 | $390.5M | $430.8M | ||
| Q1 25 | $351.0M | $409.9M | ||
| Q4 24 | $250.4M | $406.2M | ||
| Q3 24 | $551.3M | $397.4M | ||
| Q2 24 | $318.4M | $389.7M | ||
| Q1 24 | $333.8M | $389.8M |
净利润FORWPC
| Q4 25 | $15.4M | $148.3M | ||
| Q3 25 | $86.9M | $141.0M | ||
| Q2 25 | $32.9M | $51.2M | ||
| Q1 25 | $31.6M | $125.8M | ||
| Q4 24 | $16.5M | $47.0M | ||
| Q3 24 | $81.5M | $111.7M | ||
| Q2 24 | $38.7M | $142.9M | ||
| Q1 24 | $45.0M | $159.2M |
毛利率FORWPC
| Q4 25 | 20.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 20.4% | — | ||
| Q1 25 | 22.6% | — | ||
| Q4 24 | 22.0% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 22.5% | — | ||
| Q1 24 | 24.9% | — |
营业利润率FORWPC
| Q4 25 | 7.6% | 34.5% | ||
| Q3 25 | 16.9% | 34.7% | ||
| Q2 25 | 11.2% | 15.0% | ||
| Q1 25 | 11.6% | 33.5% | ||
| Q4 24 | 8.7% | 13.5% | ||
| Q3 24 | 19.7% | 30.4% | ||
| Q2 24 | 16.2% | 38.3% | ||
| Q1 24 | 17.6% | 43.0% |
净利率FORWPC
| Q4 25 | 5.6% | 33.4% | ||
| Q3 25 | 13.0% | 32.7% | ||
| Q2 25 | 8.4% | 11.9% | ||
| Q1 25 | 9.0% | 30.7% | ||
| Q4 24 | 6.6% | 11.6% | ||
| Q3 24 | 14.8% | 28.1% | ||
| Q2 24 | 12.2% | 36.7% | ||
| Q1 24 | 13.5% | 40.8% |
每股收益（稀释后）FORWPC
| 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 | $155.3M |
| 总债务越低越好 | $793.2M | $8.7B |
| 股东权益账面价值 | $1.8B | $8.1B |
| 总资产 | $3.2B | $18.0B |
| 负债/权益比越低杠杆越低 | 0.44× | 1.07× |
8季度趋势，按日历期对齐
现金及短期投资FORWPC
| Q4 25 | $211.7M | $155.3M | ||
| Q3 25 | $379.2M | $249.0M | ||
| Q2 25 | $189.2M | $244.8M | ||
| Q1 25 | $174.3M | $187.8M | ||
| Q4 24 | $132.0M | $640.4M | ||
| Q3 24 | $481.2M | $818.2M | ||
| Q2 24 | $359.2M | $1.1B | ||
| Q1 24 | $416.2M | $777.0M |
总债务FORWPC
| Q4 25 | $793.2M | $8.7B | ||
| Q3 25 | $802.7M | $8.7B | ||
| Q2 25 | $872.8M | $8.6B | ||
| Q1 25 | $872.5M | $7.9B | ||
| Q4 24 | $806.8M | $8.0B | ||
| Q3 24 | $706.4M | $8.0B | ||
| Q2 24 | $706.1M | $8.1B | ||
| Q1 24 | $705.7M | $7.9B |
股东权益FORWPC
| Q4 25 | $1.8B | $8.1B | ||
| Q3 25 | $1.8B | $8.2B | ||
| Q2 25 | $1.7B | $8.2B | ||
| Q1 25 | $1.6B | $8.4B | ||
| Q4 24 | $1.6B | $8.4B | ||
| Q3 24 | $1.6B | $8.6B | ||
| Q2 24 | $1.5B | $8.6B | ||
| Q1 24 | $1.5B | $8.7B |
总资产FORWPC
| Q4 25 | $3.2B | $18.0B | ||
| Q3 25 | $3.1B | $18.0B | ||
| Q2 25 | $3.1B | $18.0B | ||
| Q1 25 | $3.0B | $17.3B | ||
| Q4 24 | $3.0B | $17.5B | ||
| Q3 24 | $2.8B | $17.6B | ||
| Q2 24 | $2.7B | $17.8B | ||
| Q1 24 | $2.6B | $17.6B |
负债/权益比FORWPC
| Q4 25 | 0.44× | 1.07× | ||
| Q3 25 | 0.45× | 1.06× | ||
| Q2 25 | 0.52× | 1.05× | ||
| Q1 25 | 0.53× | 0.94× | ||
| Q4 24 | 0.50× | 0.95× | ||
| Q3 24 | 0.44× | 0.93× | ||
| Q2 24 | 0.47× | 0.94× | ||
| Q1 24 | 0.48× | 0.91× |
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 | $304.6M |
| 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× | 2.05× |
| 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FORWPC
| Q4 25 | $-157.0M | $304.6M | ||
| Q3 25 | $256.3M | $300.5M | ||
| Q2 25 | $15.8M | $404.0M | ||
| Q1 25 | $-19.8M | $273.2M | ||
| Q4 24 | $-450.0M | $296.3M | ||
| Q3 24 | $119.2M | $280.2M | ||
| Q2 24 | $-61.7M | $221.0M | ||
| Q1 24 | $-59.2M | $1.0B |
自由现金流FORWPC
| Q4 25 | $-157.1M | — | ||
| Q3 25 | $255.6M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $-20.5M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $118.4M | — | ||
| Q2 24 | $-62.3M | — | ||
| Q1 24 | $-59.8M | — |
自由现金流率FORWPC
| Q4 25 | -57.5% | — | ||
| Q3 25 | 38.1% | — | ||
| Q2 25 | 3.8% | — | ||
| Q1 25 | -5.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 21.5% | — | ||
| Q2 24 | -19.6% | — | ||
| Q1 24 | -17.9% | — |
资本支出强度FORWPC
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 0.2% | — |
现金转化率FORWPC
| Q4 25 | -10.19× | 2.05× | ||
| Q3 25 | 2.95× | 2.13× | ||
| Q2 25 | 0.48× | 7.89× | ||
| Q1 25 | -0.63× | 2.17× | ||
| Q4 24 | -27.27× | 6.30× | ||
| Q3 24 | 1.46× | 2.51× | ||
| Q2 24 | -1.59× | 1.55× | ||
| Q1 24 | -1.32× | 6.50× |
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% |
WPC
暂无分部数据
