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Forestar Group Inc.（FOR）与ZIFF DAVIS, INC.（ZD）财务数据对比。点击上方公司名可切换其他公司
ZIFF DAVIS, INC.的季度营收约是Forestar Group Inc.的1.5倍（$406.7M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 0.1%，领先5.6%），Forestar Group Inc.同比增速更快（9.0% vs -1.5%），ZIFF DAVIS, INC.自由现金流更多（$157.8M vs $-157.1M），过去两年ZIFF DAVIS, INC.的营收复合增速更高（13.7% 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。
齐夫戴维斯是美国知名数字媒体及互联网企业，由威廉·伯纳德·齐夫一世与伯纳德·乔治·戴维斯于1927年创立。公司核心业务涵盖科技、健康类媒体网站，线上购物相关服务，互联网接入服务，游戏娱乐品牌，以及网络安全和营销技术工具，早年曾以爱好者类杂志出版为主要业务。
FOR vs ZD — 直观对比
营收规模更大
ZD
是对方的1.5倍
$273.0M
营收增速更快
FOR
高出10.5%
-1.5%
净利率更高
FOR
高出5.6%
0.1%
自由现金流更多
ZD
多$314.9M
$-157.1M
两年增速更快
ZD
近两年复合增速
-9.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $273.0M | $406.7M |
| 净利润 | $15.4M | $370.0K |
| 毛利率 | 20.1% | 85.9% |
| 营业利润率 | 7.6% | 21.2% |
| 净利率 | 5.6% | 0.1% |
| 营收同比 | 9.0% | -1.5% |
| 净利润同比 | -6.7% | -99.4% |
| 每股收益（稀释后） | $0.30 | $0.06 |
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FORZD
| Q4 25 | $273.0M | $406.7M | ||
| Q3 25 | $670.5M | $363.7M | ||
| Q2 25 | $390.5M | $352.2M | ||
| Q1 25 | $351.0M | $328.6M | ||
| Q4 24 | $250.4M | $412.8M | ||
| Q3 24 | $551.3M | $353.6M | ||
| Q2 24 | $318.4M | $320.8M | ||
| Q1 24 | $333.8M | $314.5M |
净利润FORZD
| Q4 25 | $15.4M | $370.0K | ||
| Q3 25 | $86.9M | $-3.6M | ||
| Q2 25 | $32.9M | $26.3M | ||
| Q1 25 | $31.6M | $24.2M | ||
| Q4 24 | $16.5M | $64.1M | ||
| Q3 24 | $81.5M | $-48.6M | ||
| Q2 24 | $38.7M | $36.9M | ||
| Q1 24 | $45.0M | $10.6M |
毛利率FORZD
| Q4 25 | 20.1% | 85.9% | ||
| Q3 25 | 22.3% | 85.4% | ||
| Q2 25 | 20.4% | 86.1% | ||
| Q1 25 | 22.6% | 85.6% | ||
| Q4 24 | 22.0% | 87.1% | ||
| Q3 24 | 23.9% | 85.5% | ||
| Q2 24 | 22.5% | 84.4% | ||
| Q1 24 | 24.9% | 85.4% |
营业利润率FORZD
| Q4 25 | 7.6% | 21.2% | ||
| Q3 25 | 16.9% | 7.8% | ||
| Q2 25 | 11.2% | 9.5% | ||
| Q1 25 | 11.6% | 10.7% | ||
| Q4 24 | 8.7% | 19.0% | ||
| Q3 24 | 19.7% | -8.3% | ||
| Q2 24 | 16.2% | 8.9% | ||
| Q1 24 | 17.6% | 11.4% |
净利率FORZD
| Q4 25 | 5.6% | 0.1% | ||
| Q3 25 | 13.0% | -1.0% | ||
| Q2 25 | 8.4% | 7.5% | ||
| Q1 25 | 9.0% | 7.4% | ||
| Q4 24 | 6.6% | 15.5% | ||
| Q3 24 | 14.8% | -13.7% | ||
| Q2 24 | 12.2% | 11.5% | ||
| Q1 24 | 13.5% | 3.4% |
每股收益（稀释后）FORZD
| Q4 25 | $0.30 | $0.06 | ||
| Q3 25 | $1.70 | $-0.09 | ||
| Q2 25 | $0.65 | $0.62 | ||
| Q1 25 | $0.62 | $0.56 | ||
| Q4 24 | $0.32 | $1.53 | ||
| Q3 24 | $1.59 | $-1.11 | ||
| Q2 24 | $0.76 | $0.77 | ||
| Q1 24 | $0.89 | $0.23 |
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 | $607.0M |
| 总债务越低越好 | $793.2M | $866.5M |
| 股东权益账面价值 | $1.8B | $1.8B |
| 总资产 | $3.2B | $3.7B |
| 负债/权益比越低杠杆越低 | 0.44× | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资FORZD
| Q4 25 | $211.7M | $607.0M | ||
| Q3 25 | $379.2M | $503.4M | ||
| Q2 25 | $189.2M | $457.3M | ||
| Q1 25 | $174.3M | $431.0M | ||
| Q4 24 | $132.0M | $505.9M | ||
| Q3 24 | $481.2M | $386.1M | ||
| Q2 24 | $359.2M | $687.2M | ||
| Q1 24 | $416.2M | $751.2M |
总债务FORZD
| Q4 25 | $793.2M | $866.5M | ||
| Q3 25 | $802.7M | — | ||
| Q2 25 | $872.8M | — | ||
| Q1 25 | $872.5M | — | ||
| Q4 24 | $806.8M | $864.3M | ||
| Q3 24 | $706.4M | — | ||
| Q2 24 | $706.1M | — | ||
| Q1 24 | $705.7M | — |
股东权益FORZD
| Q4 25 | $1.8B | $1.8B | ||
| Q3 25 | $1.8B | $1.8B | ||
| Q2 25 | $1.7B | $1.8B | ||
| Q1 25 | $1.6B | $1.8B | ||
| Q4 24 | $1.6B | $1.8B | ||
| Q3 24 | $1.6B | $1.8B | ||
| Q2 24 | $1.5B | $1.9B | ||
| Q1 24 | $1.5B | $1.9B |
总资产FORZD
| Q4 25 | $3.2B | $3.7B | ||
| Q3 25 | $3.1B | $3.5B | ||
| Q2 25 | $3.1B | $3.5B | ||
| Q1 25 | $3.0B | $3.5B | ||
| Q4 24 | $3.0B | $3.7B | ||
| Q3 24 | $2.8B | $3.4B | ||
| Q2 24 | $2.7B | $3.7B | ||
| Q1 24 | $2.6B | $3.7B |
负债/权益比FORZD
| Q4 25 | 0.44× | 0.49× | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.53× | — | ||
| Q4 24 | 0.50× | 0.48× | ||
| 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 | $191.1M |
| 自由现金流经营现金流 - 资本支出 | $-157.1M | $157.8M |
| 自由现金流率自由现金流/营收 | -57.5% | 38.8% |
| 资本支出强度资本支出/营收 | 0.0% | 8.2% |
| 现金转化率经营现金流/净利润 | -10.19× | 516.44× |
| 过去12个月自由现金流最近4个季度 | $93.0M | $287.9M |
8季度趋势，按日历期对齐
经营现金流FORZD
| Q4 25 | $-157.0M | $191.1M | ||
| Q3 25 | $256.3M | $138.3M | ||
| Q2 25 | $15.8M | $57.1M | ||
| Q1 25 | $-19.8M | $20.6M | ||
| Q4 24 | $-450.0M | $158.2M | ||
| Q3 24 | $119.2M | $106.0M | ||
| Q2 24 | $-61.7M | $50.6M | ||
| Q1 24 | $-59.2M | $75.6M |
自由现金流FORZD
| Q4 25 | $-157.1M | $157.8M | ||
| Q3 25 | $255.6M | $108.2M | ||
| Q2 25 | $15.0M | $26.9M | ||
| Q1 25 | $-20.5M | $-5.0M | ||
| Q4 24 | — | $131.1M | ||
| Q3 24 | $118.4M | $80.1M | ||
| Q2 24 | $-62.3M | $25.1M | ||
| Q1 24 | $-59.8M | $47.4M |
自由现金流率FORZD
| Q4 25 | -57.5% | 38.8% | ||
| Q3 25 | 38.1% | 29.7% | ||
| Q2 25 | 3.8% | 7.6% | ||
| Q1 25 | -5.8% | -1.5% | ||
| Q4 24 | — | 31.8% | ||
| Q3 24 | 21.5% | 22.7% | ||
| Q2 24 | -19.6% | 7.8% | ||
| Q1 24 | -17.9% | 15.1% |
资本支出强度FORZD
| Q4 25 | 0.0% | 8.2% | ||
| Q3 25 | 0.1% | 8.3% | ||
| Q2 25 | 0.2% | 8.6% | ||
| Q1 25 | 0.2% | 7.8% | ||
| Q4 24 | 0.0% | 6.6% | ||
| Q3 24 | 0.1% | 7.3% | ||
| Q2 24 | 0.2% | 8.0% | ||
| Q1 24 | 0.2% | 8.9% |
现金转化率FORZD
| Q4 25 | -10.19× | 516.44× | ||
| Q3 25 | 2.95× | — | ||
| Q2 25 | 0.48× | 2.17× | ||
| Q1 25 | -0.63× | 0.85× | ||
| Q4 24 | -27.27× | 2.47× | ||
| Q3 24 | 1.46× | — | ||
| Q2 24 | -1.59× | 1.37× | ||
| Q1 24 | -1.32× | 7.11× |
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% |
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 1% |
