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Arhaus, Inc.（ARHS）与Doximity, Inc.（DOCS）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Doximity, Inc.的2.0倍（$364.8M vs $185.1M），Doximity, Inc.净利率更高（33.3% vs 4.1%，领先29.1%），Doximity, Inc.同比增速更快（9.8% vs 5.1%），过去两年Doximity, Inc.的营收复合增速更高（25.2% 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。
Doximity Inc成立于2010年，是面向医疗专业人士的线上社交服务平台，为平台会员提供精选医疗资讯、远程医疗工具，以及病例协作相关功能，助力医疗从业者高效交流信息、开展诊疗相关工作。
ARHS vs DOCS — 直观对比
营收规模更大
ARHS
是对方的2.0倍
$185.1M
营收增速更快
DOCS
高出4.6%
5.1%
净利率更高
DOCS
高出29.1%
4.1%
两年增速更快
DOCS
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $185.1M |
| 净利润 | $15.1M | $61.6M |
| 毛利率 | 38.1% | 89.9% |
| 营业利润率 | 5.6% | 38.9% |
| 净利率 | 4.1% | 33.3% |
| 营收同比 | 5.1% | 9.8% |
| 净利润同比 | -29.1% | -18.1% |
| 每股收益（稀释后） | $0.11 | $0.31 |
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ARHSDOCS
| Q4 25 | $364.8M | $185.1M | ||
| Q3 25 | $344.6M | $168.5M | ||
| Q2 25 | $358.4M | $145.9M | ||
| Q1 25 | $311.4M | $138.3M | ||
| Q4 24 | $347.0M | $168.6M | ||
| Q3 24 | $319.1M | $136.8M | ||
| Q2 24 | $309.8M | $126.7M | ||
| Q1 24 | $295.2M | $118.1M |
净利润ARHSDOCS
| Q4 25 | $15.1M | $61.6M | ||
| Q3 25 | $12.2M | $62.1M | ||
| Q2 25 | $35.1M | $53.3M | ||
| Q1 25 | $4.9M | $62.5M | ||
| Q4 24 | $21.3M | $75.2M | ||
| Q3 24 | $9.9M | $44.2M | ||
| Q2 24 | $22.2M | $41.4M | ||
| Q1 24 | $15.1M | $40.6M |
毛利率ARHSDOCS
| Q4 25 | 38.1% | 89.9% | ||
| Q3 25 | 38.7% | 90.3% | ||
| Q2 25 | 41.4% | 89.2% | ||
| Q1 25 | 37.1% | 89.5% | ||
| Q4 24 | 40.0% | 91.6% | ||
| Q3 24 | 38.6% | 90.0% | ||
| Q2 24 | 40.1% | 89.3% | ||
| Q1 24 | 39.0% | 89.4% |
营业利润率ARHSDOCS
| Q4 25 | 5.6% | 38.9% | ||
| Q3 25 | 4.8% | 37.8% | ||
| Q2 25 | 13.0% | 37.4% | ||
| Q1 25 | 1.7% | 35.2% | ||
| Q4 24 | 8.2% | 47.4% | ||
| Q3 24 | 3.3% | 38.8% | ||
| Q2 24 | 9.5% | 36.4% | ||
| Q1 24 | 6.2% | 35.5% |
净利率ARHSDOCS
| Q4 25 | 4.1% | 33.3% | ||
| Q3 25 | 3.5% | 36.8% | ||
| Q2 25 | 9.8% | 36.5% | ||
| Q1 25 | 1.6% | 45.2% | ||
| Q4 24 | 6.1% | 44.6% | ||
| Q3 24 | 3.1% | 32.3% | ||
| Q2 24 | 7.2% | 32.7% | ||
| Q1 24 | 5.1% | 34.4% |
每股收益（稀释后）ARHSDOCS
| Q4 25 | $0.11 | $0.31 | ||
| Q3 25 | $0.09 | $0.31 | ||
| Q2 25 | $0.25 | $0.27 | ||
| Q1 25 | $0.03 | $0.31 | ||
| Q4 24 | $0.15 | $0.37 | ||
| Q3 24 | $0.07 | $0.22 | ||
| Q2 24 | $0.16 | $0.21 | ||
| Q1 24 | $0.11 | $0.20 |
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 | $64.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $418.2M | $979.3M |
| 总资产 | $1.4B | $1.2B |
| 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ARHSDOCS
| Q4 25 | $253.4M | $64.8M | ||
| Q3 25 | $262.2M | $169.2M | ||
| Q2 25 | $234.8M | $137.3M | ||
| Q1 25 | $214.4M | $209.6M | ||
| Q4 24 | $197.5M | $165.3M | ||
| Q3 24 | $177.7M | $184.2M | ||
| Q2 24 | $174.2M | $111.4M | ||
| Q1 24 | $233.2M | $96.8M |
股东权益ARHSDOCS
| Q4 25 | $418.2M | $979.3M | ||
| Q3 25 | $400.4M | $1.1B | ||
| Q2 25 | $385.6M | $1.0B | ||
| Q1 25 | $348.8M | $1.1B | ||
| Q4 24 | $343.7M | $1.0B | ||
| Q3 24 | $320.6M | $961.2M | ||
| Q2 24 | $309.3M | $913.6M | ||
| Q1 24 | $285.6M | $901.4M |
总资产ARHSDOCS
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.2B | $1.1B | ||
| Q2 24 | $1.2B | $1.1B | ||
| Q1 24 | $1.2B | $1.1B |
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 | $60.9M |
| 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× | 0.99× |
| 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ARHSDOCS
| Q4 25 | $9.3M | $60.9M | ||
| Q3 25 | $46.1M | $93.9M | ||
| Q2 25 | $34.9M | $62.1M | ||
| Q1 25 | $46.5M | $98.5M | ||
| Q4 24 | $31.7M | $65.2M | ||
| Q3 24 | $31.1M | $68.3M | ||
| Q2 24 | $47.5M | $41.2M | ||
| Q1 24 | $36.8M | $63.9M |
自由现金流ARHSDOCS
| 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ARHSDOCS
| 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ARHSDOCS
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 8.9% | 0.0% | ||
| Q4 24 | 5.4% | 0.0% | ||
| Q3 24 | 8.3% | 0.0% | ||
| Q2 24 | 11.7% | 0.0% | ||
| Q1 24 | 8.8% | 0.0% |
现金转化率ARHSDOCS
| Q4 25 | 0.62× | 0.99× | ||
| Q3 25 | 3.77× | 1.51× | ||
| Q2 25 | 1.00× | 1.16× | ||
| Q1 25 | 9.53× | 1.58× | ||
| Q4 24 | 1.49× | 0.87× | ||
| Q3 24 | 3.14× | 1.55× | ||
| Q2 24 | 2.14× | 1.00× | ||
| Q1 24 | 2.44× | 1.57× |
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% |
DOCS
| Subscription | $175.4M | 95% |
| Service Other | $9.7M | 5% |
