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Arhaus, Inc.（ARHS）与DigitalOcean Holdings, Inc.（DOCN）财务数据对比。点击上方公司名可切换其他公司
Arhaus, Inc.的季度营收约是DigitalOcean Holdings, Inc.的1.5倍（$364.8M vs $242.4M），DigitalOcean Holdings, Inc.净利率更高（10.6% vs 4.1%，领先6.5%），DigitalOcean Holdings, Inc.同比增速更快（18.3% vs 5.1%），DigitalOcean Holdings, Inc.自由现金流更多（$31.1M vs $-8.8M），过去两年DigitalOcean Holdings, Inc.的营收复合增速更高（14.5% vs 11.2%）
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。
DigitalOcean Holdings, Inc.是美国跨国科技企业及云服务提供商，总部位于美国科罗拉多州布鲁姆菲尔德，在全球布局15个数据中心，面向开发者、初创企业及中小微企业提供稳定易用的云基础设施即服务平台，助力各类技术团队高效开展业务。
ARHS vs DOCN — 直观对比
营收规模更大
ARHS
是对方的1.5倍
$242.4M
营收增速更快
DOCN
高出13.1%
5.1%
净利率更高
DOCN
高出6.5%
4.1%
自由现金流更多
DOCN
多$39.9M
$-8.8M
两年增速更快
DOCN
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $242.4M |
| 净利润 | $15.1M | $25.7M |
| 毛利率 | 38.1% | 58.7% |
| 营业利润率 | 5.6% | 16.0% |
| 净利率 | 4.1% | 10.6% |
| 营收同比 | 5.1% | 18.3% |
| 净利润同比 | -29.1% | 40.5% |
| 每股收益（稀释后） | $0.11 | $0.23 |
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ARHSDOCN
| Q4 25 | $364.8M | $242.4M | ||
| Q3 25 | $344.6M | $229.6M | ||
| Q2 25 | $358.4M | $218.7M | ||
| Q1 25 | $311.4M | $210.7M | ||
| Q4 24 | $347.0M | $204.9M | ||
| Q3 24 | $319.1M | $198.5M | ||
| Q2 24 | $309.8M | $192.5M | ||
| Q1 24 | $295.2M | $184.7M |
净利润ARHSDOCN
| Q4 25 | $15.1M | $25.7M | ||
| Q3 25 | $12.2M | $158.4M | ||
| Q2 25 | $35.1M | $37.0M | ||
| Q1 25 | $4.9M | $38.2M | ||
| Q4 24 | $21.3M | $18.3M | ||
| Q3 24 | $9.9M | $32.9M | ||
| Q2 24 | $22.2M | $19.1M | ||
| Q1 24 | $15.1M | $14.1M |
毛利率ARHSDOCN
| Q4 25 | 38.1% | 58.7% | ||
| Q3 25 | 38.7% | 59.6% | ||
| Q2 25 | 41.4% | 59.9% | ||
| Q1 25 | 37.1% | 61.4% | ||
| Q4 24 | 40.0% | 57.1% | ||
| Q3 24 | 38.6% | 60.2% | ||
| Q2 24 | 40.1% | 61.0% | ||
| Q1 24 | 39.0% | 60.7% |
营业利润率ARHSDOCN
| Q4 25 | 5.6% | 16.0% | ||
| Q3 25 | 4.8% | 19.6% | ||
| Q2 25 | 13.0% | 16.3% | ||
| Q1 25 | 1.7% | 17.9% | ||
| Q4 24 | 8.2% | 15.9% | ||
| Q3 24 | 3.3% | 12.4% | ||
| Q2 24 | 9.5% | 11.6% | ||
| Q1 24 | 6.2% | 6.2% |
净利率ARHSDOCN
| Q4 25 | 4.1% | 10.6% | ||
| Q3 25 | 3.5% | 69.0% | ||
| Q2 25 | 9.8% | 16.9% | ||
| Q1 25 | 1.6% | 18.1% | ||
| Q4 24 | 6.1% | 8.9% | ||
| Q3 24 | 3.1% | 16.6% | ||
| Q2 24 | 7.2% | 9.9% | ||
| Q1 24 | 5.1% | 7.7% |
每股收益（稀释后）ARHSDOCN
| Q4 25 | $0.11 | $0.23 | ||
| Q3 25 | $0.09 | $1.51 | ||
| Q2 25 | $0.25 | $0.39 | ||
| Q1 25 | $0.03 | $0.39 | ||
| Q4 24 | $0.15 | $0.21 | ||
| Q3 24 | $0.07 | $0.33 | ||
| Q2 24 | $0.16 | $0.20 | ||
| Q1 24 | $0.11 | $0.15 |
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 | $254.5M |
| 总债务越低越好 | — | $1.3B |
| 股东权益账面价值 | $418.2M | $-28.7M |
| 总资产 | $1.4B | $1.8B |
| 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ARHSDOCN
| Q4 25 | $253.4M | $254.5M | ||
| Q3 25 | $262.2M | $236.6M | ||
| Q2 25 | $234.8M | $387.7M | ||
| Q1 25 | $214.4M | $360.4M | ||
| Q4 24 | $197.5M | $428.4M | ||
| Q3 24 | $177.7M | $439.9M | ||
| Q2 24 | $174.2M | $443.1M | ||
| Q1 24 | $233.2M | $419.1M |
总债务ARHSDOCN
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARHSDOCN
| Q4 25 | $418.2M | $-28.7M | ||
| Q3 25 | $400.4M | $-69.6M | ||
| Q2 25 | $385.6M | $-175.2M | ||
| Q1 25 | $348.8M | $-210.7M | ||
| Q4 24 | $343.7M | $-203.0M | ||
| Q3 24 | $320.6M | $-211.7M | ||
| Q2 24 | $309.3M | $-253.8M | ||
| Q1 24 | $285.6M | $-286.1M |
总资产ARHSDOCN
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.2B | $1.6B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
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 | $57.3M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $31.1M |
| 自由现金流率自由现金流/营收 | -2.4% | 12.8% |
| 资本支出强度资本支出/营收 | 5.0% | 10.8% |
| 现金转化率经营现金流/净利润 | 0.62× | 2.23× |
| 过去12个月自由现金流最近4个季度 | $59.0M | $180.5M |
8季度趋势，按日历期对齐
经营现金流ARHSDOCN
| Q4 25 | $9.3M | $57.3M | ||
| Q3 25 | $46.1M | $95.8M | ||
| Q2 25 | $34.9M | $92.4M | ||
| Q1 25 | $46.5M | $64.1M | ||
| Q4 24 | $31.7M | $71.3M | ||
| Q3 24 | $31.1M | $73.4M | ||
| Q2 24 | $47.5M | $71.3M | ||
| Q1 24 | $36.8M | $66.7M |
自由现金流ARHSDOCN
| Q4 25 | $-8.8M | $31.1M | ||
| Q3 25 | $28.0M | $88.0M | ||
| Q2 25 | $20.9M | $59.3M | ||
| Q1 25 | $18.9M | $2.1M | ||
| Q4 24 | $13.0M | $26.1M | ||
| Q3 24 | $4.6M | $16.0M | ||
| Q2 24 | $11.3M | $39.5M | ||
| Q1 24 | $10.9M | $23.0M |
自由现金流率ARHSDOCN
| Q4 25 | -2.4% | 12.8% | ||
| Q3 25 | 8.1% | 38.3% | ||
| Q2 25 | 5.8% | 27.1% | ||
| Q1 25 | 6.1% | 1.0% | ||
| Q4 24 | 3.7% | 12.7% | ||
| Q3 24 | 1.4% | 8.1% | ||
| Q2 24 | 3.6% | 20.5% | ||
| Q1 24 | 3.7% | 12.5% |
资本支出强度ARHSDOCN
| Q4 25 | 5.0% | 10.8% | ||
| Q3 25 | 5.3% | 3.4% | ||
| Q2 25 | 3.9% | 15.2% | ||
| Q1 25 | 8.9% | 29.4% | ||
| Q4 24 | 5.4% | 22.1% | ||
| Q3 24 | 8.3% | 28.9% | ||
| Q2 24 | 11.7% | 16.6% | ||
| Q1 24 | 8.8% | 23.6% |
现金转化率ARHSDOCN
| Q4 25 | 0.62× | 2.23× | ||
| Q3 25 | 3.77× | 0.60× | ||
| Q2 25 | 1.00× | 2.50× | ||
| Q1 25 | 9.53× | 1.68× | ||
| Q4 24 | 1.49× | 3.91× | ||
| Q3 24 | 3.14× | 2.23× | ||
| Q2 24 | 2.14× | 3.73× | ||
| Q1 24 | 2.44× | 4.72× |
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% |
DOCN
| Scalers | $84.3M | 35% |
| Scalers Plus | $69.9M | 29% |
| Builders | $64.1M | 26% |
| Learners Testers And Other | $24.1M | 10% |
