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Arhaus, Inc.（ARHS）与Dayforce（DAY）财务数据对比。点击上方公司名可切换其他公司
Dayforce的季度营收约是Arhaus, Inc.的1.3倍（$481.6M vs $364.8M），Arhaus, Inc.净利率更高（4.1% vs -40.9%，领先45.0%），Dayforce同比增速更快（9.5% vs 5.1%），过去两年Arhaus, Inc.的营收复合增速更高（11.2% vs 9.8%）
Arhaus, Inc.是源自美国的高端家居零售企业，总部位于俄亥俄州波士顿高地，1986年正式创立。品牌主打可持续理念与工匠级品质，产品品类丰富，采用全渠道模式面向个人消费者及企业客户，覆盖民用与商用家居场景，提供相关产品与配套服务。
Dayforce前身为知名人力资源服务商Ceridian，是一家总部位于美国的人力资源软件及服务企业，面向各行业不同规模的客户提供覆盖薪酬核算、人员管理、考勤等多场景的HR SaaS产品及配套专业服务，助力企业提升人力资源运营效率。
ARHS vs DAY — 直观对比
营收规模更大
DAY
是对方的1.3倍
$364.8M
营收增速更快
DAY
高出4.3%
5.1%
净利率更高
ARHS
高出45.0%
-40.9%
两年增速更快
ARHS
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $481.6M |
| 净利润 | $15.1M | $-196.8M |
| 毛利率 | 38.1% | — |
| 营业利润率 | 5.6% | 6.3% |
| 净利率 | 4.1% | -40.9% |
| 营收同比 | 5.1% | 9.5% |
| 净利润同比 | -29.1% | -9940.0% |
| 每股收益（稀释后） | $0.11 | $-1.23 |
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ARHSDAY
| Q4 25 | $364.8M | — | ||
| Q3 25 | $344.6M | $481.6M | ||
| Q2 25 | $358.4M | $464.7M | ||
| Q1 25 | $311.4M | $481.8M | ||
| Q4 24 | $347.0M | $465.2M | ||
| Q3 24 | $319.1M | $440.0M | ||
| Q2 24 | $309.8M | $423.3M | ||
| Q1 24 | $295.2M | $431.5M |
净利润ARHSDAY
| Q4 25 | $15.1M | — | ||
| Q3 25 | $12.2M | $-196.8M | ||
| Q2 25 | $35.1M | $21.3M | ||
| Q1 25 | $4.9M | $14.9M | ||
| Q4 24 | $21.3M | $10.8M | ||
| Q3 24 | $9.9M | $2.0M | ||
| Q2 24 | $22.2M | $-1.8M | ||
| Q1 24 | $15.1M | $7.1M |
毛利率ARHSDAY
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | 47.0% | ||
| Q3 24 | 38.6% | 45.8% | ||
| Q2 24 | 40.1% | 44.1% | ||
| Q1 24 | 39.0% | 47.6% |
营业利润率ARHSDAY
| Q4 25 | 5.6% | — | ||
| Q3 25 | 4.8% | 6.3% | ||
| Q2 25 | 13.0% | 9.1% | ||
| Q1 25 | 1.7% | 6.4% | ||
| Q4 24 | 8.2% | 6.1% | ||
| Q3 24 | 3.3% | 4.7% | ||
| Q2 24 | 9.5% | 3.3% | ||
| Q1 24 | 6.2% | 9.4% |
净利率ARHSDAY
| Q4 25 | 4.1% | — | ||
| Q3 25 | 3.5% | -40.9% | ||
| Q2 25 | 9.8% | 4.6% | ||
| Q1 25 | 1.6% | 3.1% | ||
| Q4 24 | 6.1% | 2.3% | ||
| Q3 24 | 3.1% | 0.5% | ||
| Q2 24 | 7.2% | -0.4% | ||
| Q1 24 | 5.1% | 1.6% |
每股收益（稀释后）ARHSDAY
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.09 | $-1.23 | ||
| Q2 25 | $0.25 | $0.13 | ||
| Q1 25 | $0.03 | $0.09 | ||
| Q4 24 | $0.15 | $0.07 | ||
| Q3 24 | $0.07 | $0.01 | ||
| Q2 24 | $0.16 | $-0.01 | ||
| Q1 24 | $0.11 | $0.04 |
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 | $253.4M | $627.6M |
| 总债务越低越好 | — | $631.1M |
| 股东权益账面价值 | $418.2M | $2.7B |
| 总资产 | $1.4B | $8.7B |
| 负债/权益比越低杠杆越低 | — | 0.23× |
8季度趋势，按日历期对齐
现金及短期投资ARHSDAY
| Q4 25 | $253.4M | — | ||
| Q3 25 | $262.2M | $627.6M | ||
| Q2 25 | $234.8M | $625.2M | ||
| Q1 25 | $214.4M | $557.3M | ||
| Q4 24 | $197.5M | $579.7M | ||
| Q3 24 | $177.7M | $494.1M | ||
| Q2 24 | $174.2M | $465.4M | ||
| Q1 24 | $233.2M | $392.5M |
总债务ARHSDAY
| Q4 25 | — | — | ||
| Q3 25 | — | $631.1M | ||
| Q2 25 | — | $631.8M | ||
| Q1 25 | — | $632.4M | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益ARHSDAY
| Q4 25 | $418.2M | — | ||
| Q3 25 | $400.4M | $2.7B | ||
| Q2 25 | $385.6M | $2.7B | ||
| Q1 25 | $348.8M | $2.6B | ||
| Q4 24 | $343.7M | $2.5B | ||
| Q3 24 | $320.6M | $2.6B | ||
| Q2 24 | $309.3M | $2.5B | ||
| Q1 24 | $285.6M | $2.4B |
总资产ARHSDAY
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $8.7B | ||
| Q2 25 | $1.3B | $8.5B | ||
| Q1 25 | $1.3B | $9.5B | ||
| Q4 24 | $1.2B | $9.1B | ||
| Q3 24 | $1.2B | $8.1B | ||
| Q2 24 | $1.2B | $9.0B | ||
| Q1 24 | $1.2B | $10.8B |
负债/权益比ARHSDAY
| Q4 25 | — | — | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.49× | ||
| Q1 24 | — | 0.50× |
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 | $9.3M | $31.2M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | — |
| 自由现金流率自由现金流/营收 | -2.4% | — |
| 资本支出强度资本支出/营收 | 5.0% | — |
| 现金转化率经营现金流/净利润 | 0.62× | — |
| 过去12个月自由现金流最近4个季度 | $59.0M | — |
8季度趋势，按日历期对齐
经营现金流ARHSDAY
| Q4 25 | $9.3M | — | ||
| Q3 25 | $46.1M | $31.2M | ||
| Q2 25 | $34.9M | $112.7M | ||
| Q1 25 | $46.5M | $49.6M | ||
| Q4 24 | $31.7M | $81.0M | ||
| Q3 24 | $31.1M | $91.8M | ||
| Q2 24 | $47.5M | $99.2M | ||
| Q1 24 | $36.8M | $9.1M |
自由现金流ARHSDAY
| Q4 25 | $-8.8M | — | ||
| Q3 25 | $28.0M | — | ||
| Q2 25 | $20.9M | — | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $11.3M | — | ||
| Q1 24 | $10.9M | — |
自由现金流率ARHSDAY
| Q4 25 | -2.4% | — | ||
| Q3 25 | 8.1% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 3.6% | — | ||
| Q1 24 | 3.7% | — |
资本支出强度ARHSDAY
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 8.8% | — |
现金转化率ARHSDAY
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | 5.29× | ||
| Q1 25 | 9.53× | 3.33× | ||
| Q4 24 | 1.49× | 7.50× | ||
| Q3 24 | 3.14× | 45.90× | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | 1.28× |
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
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
DAY
| Dayforce Recurring | $333.0M | 69% |
| Cloud And Bureau Professional Services And Other | $78.5M | 16% |
| Float | $42.2M | 9% |
| Powerpay Recurring | $19.7M | 4% |
| Other Recurring | $8.2M | 2% |
