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弗雷斯特研究公司（FORR）与JOHNSON OUTDOORS INC（JOUT）财务数据对比。点击上方公司名可切换其他公司
JOHNSON OUTDOORS INC的季度营收约是弗雷斯特研究公司的1.4倍（$140.9M vs $101.1M），JOHNSON OUTDOORS INC净利率更高（-2.3% vs -33.5%，领先31.2%），JOHNSON OUTDOORS INC同比增速更快（30.9% vs -6.5%），弗雷斯特研究公司自由现金流更多（$-4.3M vs $-42.7M），过去两年弗雷斯特研究公司的营收复合增速更高（0.5% vs -10.5%）
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。
强生户外公司（Johnson Outdoors）主营水上载具、潜水装备、露营用具、户外服饰等户外休闲用品的研发生产，业务网点遍布全球24个地区，现有员工约1400人，年销售额超3.15亿美元，自1999年起由海伦·约翰逊-莱波尔德执掌公司。
FORR vs JOUT — 直观对比
营收规模更大
JOUT
是对方的1.4倍
$101.1M
营收增速更快
JOUT
高出37.4%
-6.5%
净利率更高
JOUT
高出31.2%
-33.5%
自由现金流更多
FORR
多$38.4M
$-42.7M
两年增速更快
FORR
近两年复合增速
-10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $101.1M | $140.9M |
| 净利润 | $-33.9M | $-3.3M |
| 毛利率 | 56.7% | 36.6% |
| 营业利润率 | -36.6% | -2.1% |
| 净利率 | -33.5% | -2.3% |
| 营收同比 | -6.5% | 30.9% |
| 净利润同比 | -7941.4% | 78.4% |
| 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FORRJOUT
| Q1 26 | — | $140.9M | ||
| Q4 25 | $101.1M | $135.8M | ||
| Q3 25 | $94.3M | — | ||
| Q2 25 | $111.7M | $180.7M | ||
| Q1 25 | $89.9M | $168.3M | ||
| Q4 24 | $108.0M | $107.6M | ||
| Q3 24 | $102.5M | $105.9M | ||
| Q2 24 | $121.8M | $172.5M |
净利润FORRJOUT
| Q1 26 | — | $-3.3M | ||
| Q4 25 | $-33.9M | $-29.1M | ||
| Q3 25 | $-2.1M | — | ||
| Q2 25 | $3.9M | $7.7M | ||
| Q1 25 | $-87.3M | $2.3M | ||
| Q4 24 | $432.0K | $-15.3M | ||
| Q3 24 | $-5.8M | $-34.3M | ||
| Q2 24 | $6.3M | $1.6M |
毛利率FORRJOUT
| Q1 26 | — | 36.6% | ||
| Q4 25 | 56.7% | 36.2% | ||
| Q3 25 | 60.0% | — | ||
| Q2 25 | 55.5% | 37.6% | ||
| Q1 25 | 55.9% | 35.0% | ||
| Q4 24 | 58.8% | 29.9% | ||
| Q3 24 | 60.5% | 23.5% | ||
| Q2 24 | 57.3% | 35.8% |
营业利润率FORRJOUT
| Q1 26 | — | -2.1% | ||
| Q4 25 | -36.6% | -6.0% | ||
| Q3 25 | 4.7% | — | ||
| Q2 25 | 6.2% | 4.1% | ||
| Q1 25 | -97.5% | 2.9% | ||
| Q4 24 | -0.5% | -18.8% | ||
| Q3 24 | -0.7% | -40.4% | ||
| Q2 24 | 9.3% | -0.3% |
净利率FORRJOUT
| Q1 26 | — | -2.3% | ||
| Q4 25 | -33.5% | -21.4% | ||
| Q3 25 | -2.3% | — | ||
| Q2 25 | 3.5% | 4.3% | ||
| Q1 25 | -97.1% | 1.4% | ||
| Q4 24 | 0.4% | -14.2% | ||
| Q3 24 | -5.7% | -32.4% | ||
| Q2 24 | 5.2% | 0.9% |
每股收益（稀释后）FORRJOUT
| Q1 26 | — | — | ||
| 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 | — |
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 | $130.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $126.5M | $413.5M |
| 总资产 | $404.0M | $600.1M |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FORRJOUT
| Q1 26 | — | $130.7M | ||
| Q4 25 | $63.3M | $176.4M | ||
| Q3 25 | $65.1M | — | ||
| Q2 25 | $67.8M | $161.0M | ||
| Q1 25 | $75.6M | $94.0M | ||
| Q4 24 | $56.1M | $101.6M | ||
| Q3 24 | $62.8M | $162.0M | ||
| Q2 24 | $58.9M | $148.4M |
总债务FORRJOUT
| Q1 26 | — | $0 | ||
| Q4 25 | — | $0 | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 |
股东权益FORRJOUT
| Q1 26 | — | $413.5M | ||
| Q4 25 | $126.5M | $418.4M | ||
| Q3 25 | $157.7M | — | ||
| Q2 25 | $159.5M | $450.5M | ||
| Q1 25 | $147.4M | $441.1M | ||
| Q4 24 | $229.5M | $440.3M | ||
| Q3 24 | $234.3M | $463.4M | ||
| Q2 24 | $237.1M | $498.7M |
总资产FORRJOUT
| Q1 26 | — | $600.1M | ||
| Q4 25 | $404.0M | $604.1M | ||
| Q3 25 | $414.2M | — | ||
| Q2 25 | $436.0M | $634.5M | ||
| Q1 25 | $439.8M | $624.5M | ||
| Q4 24 | $503.9M | $612.9M | ||
| Q3 24 | $505.3M | $635.2M | ||
| Q2 24 | $524.2M | $679.8M |
负债/权益比FORRJOUT
| Q1 26 | — | 0.00× | ||
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× |
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 | $-38.4M |
| 自由现金流经营现金流 - 资本支出 | $-4.3M | $-42.7M |
| 自由现金流率自由现金流/营收 | -4.2% | -30.3% |
| 资本支出强度资本支出/营收 | 1.1% | 3.0% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $18.1M | $38.5M |
8季度趋势，按日历期对齐
经营现金流FORRJOUT
| Q1 26 | — | $-38.4M | ||
| Q4 25 | $-3.2M | $23.4M | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $-3.6M | $71.4M | ||
| Q1 25 | $26.7M | $-1.7M | ||
| Q4 24 | $-1.8M | $-36.9M | ||
| Q3 24 | $264.0K | $19.1M | ||
| Q2 24 | $-2.9M | $73.7M |
自由现金流FORRJOUT
| Q1 26 | — | $-42.7M | ||
| Q4 25 | $-4.3M | $19.2M | ||
| Q3 25 | $524.0K | — | ||
| Q2 25 | $-4.2M | $66.9M | ||
| Q1 25 | $26.1M | $-5.0M | ||
| Q4 24 | $-2.5M | $-41.0M | ||
| Q3 24 | $-223.0K | $13.5M | ||
| Q2 24 | $-3.7M | $67.4M |
自由现金流率FORRJOUT
| Q1 26 | — | -30.3% | ||
| Q4 25 | -4.2% | 14.2% | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | -3.8% | 37.0% | ||
| Q1 25 | 29.0% | -2.9% | ||
| Q4 24 | -2.3% | -38.1% | ||
| Q3 24 | -0.2% | 12.8% | ||
| Q2 24 | -3.1% | 39.1% |
资本支出强度FORRJOUT
| Q1 26 | — | 3.0% | ||
| Q4 25 | 1.1% | 3.1% | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 0.5% | 2.5% | ||
| Q1 25 | 0.7% | 2.0% | ||
| Q4 24 | 0.6% | 3.8% | ||
| Q3 24 | 0.5% | 5.3% | ||
| Q2 24 | 0.7% | 3.6% |
现金转化率FORRJOUT
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.93× | 9.22× | ||
| Q1 25 | — | -0.72× | ||
| Q4 24 | -4.24× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -0.46× | 45.41× |
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% |
JOUT
| Fishing Segment | $112.1M | 80% |
| Diving Segment | $18.0M | 13% |
| Camping Watercraft Recreation Segment | $10.6M | 8% |
