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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and RH (RH). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $364.8M, roughly 2.4× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs 4.1%, a 0.0% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 5.1%). RH produced more free cash flow last quarter ($83.0M vs $-8.8M). Over the past eight quarters, Arhaus, Inc.'s revenue compounded faster (11.2% CAGR vs 9.4%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
ARHS vs RH — Head-to-Head
Income Statement — Q4 2025 vs Q4 2026
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $883.8M |
| Net Profit | $15.1M | $36.3M |
| Gross Margin | 38.1% | 44.1% |
| Operating Margin | 5.6% | 12.0% |
| Net Margin | 4.1% | 4.1% |
| Revenue YoY | 5.1% | 8.9% |
| Net Profit YoY | -29.1% | 9.3% |
| EPS (diluted) | $0.11 | $1.83 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $364.8M | $883.8M | ||
| Q3 25 | $344.6M | $899.2M | ||
| Q2 25 | $358.4M | $814.0M | ||
| Q1 25 | $311.4M | $812.4M | ||
| Q4 24 | $347.0M | $811.7M | ||
| Q3 24 | $319.1M | $829.7M | ||
| Q2 24 | $309.8M | $727.0M | ||
| Q1 24 | $295.2M | $738.3M |
| Q4 25 | $15.1M | $36.3M | ||
| Q3 25 | $12.2M | $51.7M | ||
| Q2 25 | $35.1M | $8.0M | ||
| Q1 25 | $4.9M | $13.9M | ||
| Q4 24 | $21.3M | $33.2M | ||
| Q3 24 | $9.9M | $29.0M | ||
| Q2 24 | $22.2M | $-3.6M | ||
| Q1 24 | $15.1M | $11.4M |
| Q4 25 | 38.1% | 44.1% | ||
| Q3 25 | 38.7% | 45.5% | ||
| Q2 25 | 41.4% | 43.7% | ||
| Q1 25 | 37.1% | 44.7% | ||
| Q4 24 | 40.0% | 44.5% | ||
| Q3 24 | 38.6% | 45.2% | ||
| Q2 24 | 40.1% | 43.5% | ||
| Q1 24 | 39.0% | 43.5% |
| Q4 25 | 5.6% | 12.0% | ||
| Q3 25 | 4.8% | 14.3% | ||
| Q2 25 | 13.0% | 6.9% | ||
| Q1 25 | 1.7% | 8.7% | ||
| Q4 24 | 8.2% | 12.5% | ||
| Q3 24 | 3.3% | 11.6% | ||
| Q2 24 | 9.5% | 7.5% | ||
| Q1 24 | 6.2% | 8.7% |
| Q4 25 | 4.1% | 4.1% | ||
| Q3 25 | 3.5% | 5.8% | ||
| Q2 25 | 9.8% | 1.0% | ||
| Q1 25 | 1.6% | 1.7% | ||
| Q4 24 | 6.1% | 4.1% | ||
| Q3 24 | 3.1% | 3.5% | ||
| Q2 24 | 7.2% | -0.5% | ||
| Q1 24 | 5.1% | 1.5% |
| Q4 25 | $0.11 | $1.83 | ||
| Q3 25 | $0.09 | $2.62 | ||
| Q2 25 | $0.25 | $0.40 | ||
| Q1 25 | $0.03 | $0.71 | ||
| Q4 24 | $0.15 | $1.66 | ||
| Q3 24 | $0.07 | $1.45 | ||
| Q2 24 | $0.16 | $-0.20 | ||
| Q1 24 | $0.11 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $3.3M |
| Total Assets | $1.4B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $43.1M | ||
| Q3 25 | $262.2M | $34.6M | ||
| Q2 25 | $234.8M | $46.1M | ||
| Q1 25 | $214.4M | $30.4M | ||
| Q4 24 | $197.5M | $87.0M | ||
| Q3 24 | $177.7M | $78.3M | ||
| Q2 24 | $174.2M | $101.8M | ||
| Q1 24 | $233.2M | $123.7M |
| Q4 25 | $418.2M | $3.3M | ||
| Q3 25 | $400.4M | $-40.9M | ||
| Q2 25 | $385.6M | $-110.8M | ||
| Q1 25 | $348.8M | $-163.6M | ||
| Q4 24 | $343.7M | $-183.0M | ||
| Q3 24 | $320.6M | $-234.7M | ||
| Q2 24 | $309.3M | $-289.9M | ||
| Q1 24 | $285.6M | $-297.4M |
| Q4 25 | $1.4B | $4.8B | ||
| Q3 25 | $1.4B | $4.7B | ||
| Q2 25 | $1.3B | $4.7B | ||
| Q1 25 | $1.3B | $4.6B | ||
| Q4 24 | $1.2B | $4.5B | ||
| Q3 24 | $1.2B | $4.4B | ||
| Q2 24 | $1.2B | $4.2B | ||
| Q1 24 | $1.2B | $4.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $131.9M |
| Free Cash FlowOCF − Capex | $-8.8M | $83.0M |
| FCF MarginFCF / Revenue | -2.4% | 9.4% |
| Capex IntensityCapex / Revenue | 5.0% | 5.5% |
| Cash ConversionOCF / Net Profit | 0.62× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $131.9M | ||
| Q3 25 | $46.1M | $137.7M | ||
| Q2 25 | $34.9M | $86.6M | ||
| Q1 25 | $46.5M | $-18.8M | ||
| Q4 24 | $31.7M | $-31.4M | ||
| Q3 24 | $31.1M | $11.2M | ||
| Q2 24 | $47.5M | $56.1M | ||
| Q1 24 | $36.8M | $-114.0M |
| Q4 25 | $-8.8M | $83.0M | ||
| Q3 25 | $28.0M | $80.7M | ||
| Q2 25 | $20.9M | $34.1M | ||
| Q1 25 | $18.9M | $-69.7M | ||
| Q4 24 | $13.0M | $-96.0M | ||
| Q3 24 | $4.6M | $-37.9M | ||
| Q2 24 | $11.3M | $-10.1M | ||
| Q1 24 | $10.9M | $-251.5M |
| Q4 25 | -2.4% | 9.4% | ||
| Q3 25 | 8.1% | 9.0% | ||
| Q2 25 | 5.8% | 4.2% | ||
| Q1 25 | 6.1% | -8.6% | ||
| Q4 24 | 3.7% | -11.8% | ||
| Q3 24 | 1.4% | -4.6% | ||
| Q2 24 | 3.6% | -1.4% | ||
| Q1 24 | 3.7% | -34.1% |
| Q4 25 | 5.0% | 5.5% | ||
| Q3 25 | 5.3% | 6.3% | ||
| Q2 25 | 3.9% | 6.5% | ||
| Q1 25 | 8.9% | 6.3% | ||
| Q4 24 | 5.4% | 8.0% | ||
| Q3 24 | 8.3% | 5.9% | ||
| Q2 24 | 11.7% | 9.1% | ||
| Q1 24 | 8.8% | 18.6% |
| Q4 25 | 0.62× | 3.64× | ||
| Q3 25 | 3.77× | 2.66× | ||
| Q2 25 | 1.00× | 10.78× | ||
| Q1 25 | 9.53× | -1.35× | ||
| Q4 24 | 1.49× | -0.95× | ||
| Q3 24 | 3.14× | 0.39× | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
