vs
Armada Hoffler Properties, Inc.（AHH）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
RESOURCES CONNECTION, INC.的季度营收约是Armada Hoffler Properties, Inc.的1.6倍（$117.7M vs $75.6M），Armada Hoffler Properties, Inc.净利率更高（3.1% vs -10.8%，领先13.9%），Armada Hoffler Properties, Inc.同比增速更快（0.8% vs -19.2%），过去两年RESOURCES CONNECTION, INC.的营收复合增速更高（-11.8% vs -22.8%）
Armada Hoffler Properties是一家公开上市的房地产投资信托，业务覆盖美国大西洋中部及东南部地区，开发、持有并运营涵盖办公、零售、多户住宅的多元化优质物业组合，同时为第三方客户提供全链条建筑开发服务。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
AHH vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $75.6M | $117.7M |
| 净利润 | $2.4M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | 31.0% | -10.3% |
| 净利率 | 3.1% | -10.8% |
| 营收同比 | 0.8% | -19.2% |
| 净利润同比 | -89.8% | 81.6% |
| 每股收益（稀释后） | $0.00 | $-0.38 |
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
| Q4 25 | $75.6M | $117.7M | ||
| Q3 25 | $72.7M | $120.2M | ||
| Q2 25 | $69.1M | $139.3M | ||
| Q1 25 | $67.8M | $129.4M | ||
| Q4 24 | $75.0M | $145.6M | ||
| Q3 24 | $114.4M | $136.9M | ||
| Q2 24 | $116.8M | $148.2M | ||
| Q1 24 | $127.0M | $151.3M |
| Q4 25 | $2.4M | $-12.7M | ||
| Q3 25 | $80.0K | $-2.4M | ||
| Q2 25 | $5.9M | $-73.3M | ||
| Q1 25 | $-2.8M | $-44.1M | ||
| Q4 24 | $23.4M | $-68.7M | ||
| Q3 24 | $-5.0M | $-5.7M | ||
| Q2 24 | $3.2M | $10.5M | ||
| Q1 24 | $14.1M | $2.5M |
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | 45.0% | 36.5% | ||
| Q2 24 | 41.8% | 40.2% | ||
| Q1 24 | 37.9% | 37.0% |
| Q4 25 | 31.0% | -10.3% | ||
| Q3 25 | 29.2% | -1.7% | ||
| Q2 25 | 29.6% | -47.0% | ||
| Q1 25 | 23.2% | -38.4% | ||
| Q4 24 | 50.1% | -52.7% | ||
| Q3 24 | 19.0% | -3.5% | ||
| Q2 24 | 11.9% | 7.6% | ||
| Q1 24 | 15.1% | 2.8% |
| Q4 25 | 3.1% | -10.8% | ||
| Q3 25 | 0.1% | -2.0% | ||
| Q2 25 | 8.6% | -52.6% | ||
| Q1 25 | -4.1% | -34.0% | ||
| Q4 24 | 31.2% | -47.2% | ||
| Q3 24 | -4.4% | -4.2% | ||
| Q2 24 | 2.7% | 7.1% | ||
| Q1 24 | 11.1% | 1.7% |
| Q4 25 | $0.00 | $-0.38 | ||
| Q3 25 | $-0.04 | $-0.07 | ||
| Q2 25 | $0.04 | $-2.21 | ||
| Q1 25 | $-0.07 | $-1.34 | ||
| Q4 24 | $0.28 | $-2.08 | ||
| Q3 24 | $-0.11 | $-0.17 | ||
| Q2 24 | $0.00 | $0.31 | ||
| Q1 24 | $0.17 | $0.08 |
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 | $49.1M | $89.8M |
| 总债务越低越好 | $1.5B | — |
| 股东权益账面价值 | $627.8M | $194.6M |
| 总资产 | $2.6B | $289.3M |
| 负债/权益比越低杠杆越低 | 2.43× | — |
8季度趋势，按日历期对齐
| Q4 25 | $49.1M | $89.8M | ||
| Q3 25 | $46.5M | $77.5M | ||
| Q2 25 | $52.1M | $86.1M | ||
| Q1 25 | $45.7M | $72.5M | ||
| Q4 24 | $31.9M | $78.2M | ||
| Q3 24 | $43.9M | $89.6M | ||
| Q2 24 | $20.3M | $108.9M | ||
| Q1 24 | $41.9M | $113.8M |
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | — |
| Q4 25 | $627.8M | $194.6M | ||
| Q3 25 | $638.8M | $206.4M | ||
| Q2 25 | $652.0M | $207.1M | ||
| Q1 25 | $657.4M | $277.8M | ||
| Q4 24 | $670.6M | $325.7M | ||
| Q3 24 | $663.9M | $407.2M | ||
| Q2 24 | $562.7M | $418.8M | ||
| Q1 24 | $571.4M | $414.9M |
| Q4 25 | $2.6B | $289.3M | ||
| Q3 25 | $2.6B | $287.2M | ||
| Q2 25 | $2.6B | $304.7M | ||
| Q1 25 | $2.5B | $375.6M | ||
| Q4 24 | $2.5B | $424.9M | ||
| Q3 24 | $2.6B | $512.9M | ||
| Q2 24 | $2.6B | $510.9M | ||
| Q1 24 | $2.6B | $523.2M |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 2.33× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.93× | — | ||
| Q3 24 | 2.00× | — | ||
| Q2 24 | 2.52× | — | ||
| Q1 24 | 2.50× | — |
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 | $64.2M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | — | $15.6M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 26.99× | — |
| 过去12个月自由现金流最近4个季度 | — | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $64.2M | $15.9M | ||
| Q3 25 | $26.3M | $-7.8M | ||
| Q2 25 | $11.1M | $16.8M | ||
| Q1 25 | $107.0K | $659.0K | ||
| Q4 24 | $112.0M | $1.8M | ||
| Q3 24 | $27.3M | $-309.0K | ||
| Q2 24 | $17.4M | $3.2M | ||
| Q1 24 | $46.5M | $20.5M |
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $-8.0M | ||
| Q2 25 | — | $16.5M | ||
| Q1 25 | — | $238.0K | ||
| Q4 24 | — | $61.0K | ||
| Q3 24 | — | $-575.0K | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 13.5% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 26.99× | — | ||
| Q3 25 | 328.63× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 4.78× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.48× | 0.30× | ||
| Q1 24 | 3.30× | 8.04× |
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
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
