vs
弗雷斯特研究公司（FORR）与HAVERTY FURNITURE COMPANIES INC（HVT）财务数据对比。点击上方公司名可切换其他公司
HAVERTY FURNITURE COMPANIES INC的季度营收约是弗雷斯特研究公司的2.0倍（$201.9M vs $101.1M），HAVERTY FURNITURE COMPANIES INC净利率更高（4.2% vs -33.5%，领先37.7%），HAVERTY FURNITURE COMPANIES INC同比增速更快（9.5% vs -6.5%），HAVERTY FURNITURE COMPANIES INC自由现金流更多（$3.0M vs $-4.3M），过去两年HAVERTY FURNITURE COMPANIES INC的营收复合增速更高（4.8% vs 0.5%）
福雷斯特研究公司是一家全球领先的研究咨询机构，主营业务涵盖行业研究、管理咨询与行业峰会举办，客户群体包括全球大型企业、科技公司与消费领域领军企业，公司总部位于美国马萨诸塞州剑桥市。
该企业原名为国际鞋业公司，1911年由两家鞋企合并成立于美国密苏里州克莱顿，后开展多元化业务并逐步退出制鞋领域，最终更名为家具品牌国际，是美国家居行业知名企业，曾拥有布罗伊希尔等多个知名家具品牌。
FORR vs HVT — 直观对比
营收规模更大
HVT
是对方的2.0倍
$101.1M
营收增速更快
HVT
高出16.0%
-6.5%
净利率更高
HVT
高出37.7%
-33.5%
自由现金流更多
HVT
多$7.2M
$-4.3M
两年增速更快
HVT
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $201.9M |
| 净利润 | $-33.9M | $8.5M |
| 毛利率 | 56.7% | 60.4% |
| 营业利润率 | -36.6% | 5.3% |
| 净利率 | -33.5% | 4.2% |
| 营收同比 | -6.5% | 9.5% |
| 净利润同比 | -7941.4% | 4.1% |
| 每股收益（稀释后） | $-1.75 | — |
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FORRHVT
| Q4 25 | $101.1M | $201.9M | ||
| Q3 25 | $94.3M | $194.5M | ||
| Q2 25 | $111.7M | $181.0M | ||
| Q1 25 | $89.9M | $181.6M | ||
| Q4 24 | $108.0M | $184.4M | ||
| Q3 24 | $102.5M | $175.9M | ||
| Q2 24 | $121.8M | $178.6M | ||
| Q1 24 | $100.1M | $184.0M |
净利润FORRHVT
| Q4 25 | $-33.9M | $8.5M | ||
| Q3 25 | $-2.1M | $4.7M | ||
| Q2 25 | $3.9M | $2.7M | ||
| Q1 25 | $-87.3M | $3.8M | ||
| Q4 24 | $432.0K | $8.2M | ||
| Q3 24 | $-5.8M | $4.9M | ||
| Q2 24 | $6.3M | $4.4M | ||
| Q1 24 | $-6.7M | $2.4M |
毛利率FORRHVT
| Q4 25 | 56.7% | 60.4% | ||
| Q3 25 | 60.0% | 60.3% | ||
| Q2 25 | 55.5% | 60.8% | ||
| Q1 25 | 55.9% | 61.2% | ||
| Q4 24 | 58.8% | 61.9% | ||
| Q3 24 | 60.5% | 60.2% | ||
| Q2 24 | 57.3% | 60.4% | ||
| Q1 24 | 54.9% | 60.3% |
营业利润率FORRHVT
| Q4 25 | -36.6% | 5.3% | ||
| Q3 25 | 4.7% | 3.3% | ||
| Q2 25 | 6.2% | 2.4% | ||
| Q1 25 | -97.5% | 2.9% | ||
| Q4 24 | -0.5% | 5.2% | ||
| Q3 24 | -0.7% | 3.9% | ||
| Q2 24 | 9.3% | 3.6% | ||
| Q1 24 | -9.3% | 1.7% |
净利率FORRHVT
| Q4 25 | -33.5% | 4.2% | ||
| Q3 25 | -2.3% | 2.4% | ||
| Q2 25 | 3.5% | 1.5% | ||
| Q1 25 | -97.1% | 2.1% | ||
| Q4 24 | 0.4% | 4.4% | ||
| Q3 24 | -5.7% | 2.8% | ||
| Q2 24 | 5.2% | 2.5% | ||
| Q1 24 | -6.7% | 1.3% |
每股收益（稀释后）FORRHVT
| Q4 25 | $-1.75 | — | ||
| Q3 25 | $-0.11 | — | ||
| Q2 25 | $0.20 | — | ||
| Q1 25 | $-4.62 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.30 | — | ||
| Q2 24 | $0.33 | — | ||
| Q1 24 | $-0.35 | — |
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 | $63.3M | $125.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $126.5M | $307.9M |
| 总资产 | $404.0M | $649.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FORRHVT
| Q4 25 | $63.3M | $125.3M | ||
| Q3 25 | $65.1M | $130.5M | ||
| Q2 25 | $67.8M | $107.4M | ||
| Q1 25 | $75.6M | $111.9M | ||
| Q4 24 | $56.1M | $120.0M | ||
| Q3 24 | $62.8M | $121.2M | ||
| Q2 24 | $58.9M | $109.9M | ||
| Q1 24 | $61.4M | $111.8M |
股东权益FORRHVT
| Q4 25 | $126.5M | $307.9M | ||
| Q3 25 | $157.7M | $306.0M | ||
| Q2 25 | $159.5M | $304.9M | ||
| Q1 25 | $147.4M | $305.4M | ||
| Q4 24 | $229.5M | $307.6M | ||
| Q3 24 | $234.3M | $307.8M | ||
| Q2 24 | $237.1M | $307.1M | ||
| Q1 24 | $230.9M | $306.7M |
总资产FORRHVT
| Q4 25 | $404.0M | $649.1M | ||
| Q3 25 | $414.2M | $651.7M | ||
| Q2 25 | $436.0M | $642.7M | ||
| Q1 25 | $439.8M | $642.7M | ||
| Q4 24 | $503.9M | $648.7M | ||
| Q3 24 | $505.3M | $659.3M | ||
| Q2 24 | $524.2M | $642.1M | ||
| Q1 24 | $555.7M | $640.5M |
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 | $-3.2M | $7.4M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $3.0M |
| 自由现金流率自由现金流/营收 | -4.2% | 1.5% |
| 资本支出强度资本支出/营收 | 1.1% | 2.2% |
| 现金转化率经营现金流/净利润 | — | 0.86× |
| 过去12个月自由现金流最近4个季度 | $18.1M | $33.0M |
8季度趋势，按日历期对齐
经营现金流FORRHVT
| Q4 25 | $-3.2M | $7.4M | ||
| Q3 25 | $1.2M | $31.9M | ||
| Q2 25 | $-3.6M | $7.2M | ||
| Q1 25 | $26.7M | $6.2M | ||
| Q4 24 | $-1.8M | $16.9M | ||
| Q3 24 | $264.0K | $24.4M | ||
| Q2 24 | $-2.9M | $14.4M | ||
| Q1 24 | $611.0K | $3.1M |
自由现金流FORRHVT
| Q4 25 | $-4.3M | $3.0M | ||
| Q3 25 | $524.0K | $28.3M | ||
| Q2 25 | $-4.2M | $1.6M | ||
| Q1 25 | $26.1M | $27.0K | ||
| Q4 24 | $-2.5M | $9.1M | ||
| Q3 24 | $-223.0K | $16.1M | ||
| Q2 24 | $-3.7M | $4.9M | ||
| Q1 24 | $-815.0K | $-3.3M |
自由现金流率FORRHVT
| Q4 25 | -4.2% | 1.5% | ||
| Q3 25 | 0.6% | 14.6% | ||
| Q2 25 | -3.8% | 0.9% | ||
| Q1 25 | 29.0% | 0.0% | ||
| Q4 24 | -2.3% | 4.9% | ||
| Q3 24 | -0.2% | 9.2% | ||
| Q2 24 | -3.1% | 2.7% | ||
| Q1 24 | -0.8% | -1.8% |
资本支出强度FORRHVT
| Q4 25 | 1.1% | 2.2% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 0.5% | 3.1% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 0.6% | 4.2% | ||
| Q3 24 | 0.5% | 4.7% | ||
| Q2 24 | 0.7% | 5.3% | ||
| Q1 24 | 1.4% | 3.5% |
现金转化率FORRHVT
| Q4 25 | — | 0.86× | ||
| Q3 25 | — | 6.75× | ||
| Q2 25 | -0.93× | 2.69× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | -4.24× | 2.06× | ||
| Q3 24 | — | 4.96× | ||
| Q2 24 | -0.46× | 3.25× | ||
| Q1 24 | — | 1.31× |
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
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
HVT
| Upholstery | $91.0M | 45% |
| Bedroom Furniture | $29.2M | 14% |
| Accessories And Other | $28.4M | 14% |
| Dining Room Furniture | $22.8M | 11% |
| Mattresses | $16.1M | 8% |
| Occasional | $14.4M | 7% |
