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Arhaus, Inc.（ARHS）与FTAI Infrastructure Inc.（FIP）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FTAI Infrastructure Inc.的1.9倍（$364.8M vs $188.4M），Arhaus, Inc.净利率更高（4.1% vs -79.7%，领先83.9%），FTAI Infrastructure Inc.同比增速更快（95.9% vs 5.1%），过去两年FTAI Infrastructure Inc.的营收复合增速更高（49.0% 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。
FTAI基础设施有限公司持有、运营并投资交通物流、中游能源、发电等核心领域的优质关键基础设施资产，主要面向北美市场，聚焦拥有稳定长期现金流、合同约定收入流的项目，为利益相关方创造可持续回报。
ARHS vs FIP — 直观对比
营收规模更大
ARHS
是对方的1.9倍
$188.4M
营收增速更快
FIP
高出90.7%
5.1%
净利率更高
ARHS
高出83.9%
-79.7%
两年增速更快
FIP
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $188.4M |
| 净利润 | $15.1M | $-150.2M |
| 毛利率 | 38.1% | — |
| 营业利润率 | 5.6% | — |
| 净利率 | 4.1% | -79.7% |
| 营收同比 | 5.1% | 95.9% |
| 净利润同比 | -29.1% | -387.6% |
| 每股收益（稀释后） | $0.11 | $-1.32 |
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ARHSFIP
| Q1 26 | — | $188.4M | ||
| Q4 25 | $364.8M | $143.5M | ||
| Q3 25 | $344.6M | $140.6M | ||
| Q2 25 | $358.4M | $122.3M | ||
| Q1 25 | $311.4M | $96.2M | ||
| Q4 24 | $347.0M | $80.8M | ||
| Q3 24 | $319.1M | $83.3M | ||
| Q2 24 | $309.8M | $84.9M |
净利润ARHSFIP
| Q1 26 | — | $-150.2M | ||
| Q4 25 | $15.1M | $-97.7M | ||
| Q3 25 | $12.2M | $-104.5M | ||
| Q2 25 | $35.1M | $-70.0M | ||
| Q1 25 | $4.9M | $120.2M | ||
| Q4 24 | $21.3M | $-124.7M | ||
| Q3 24 | $9.9M | $-43.0M | ||
| Q2 24 | $22.2M | $-48.1M |
毛利率ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — |
营业利润率ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | 5.6% | -45.7% | ||
| Q3 25 | 4.8% | -70.8% | ||
| Q2 25 | 13.0% | -56.4% | ||
| Q1 25 | 1.7% | 81.8% | ||
| Q4 24 | 8.2% | -152.7% | ||
| Q3 24 | 3.3% | -51.7% | ||
| Q2 24 | 9.5% | -56.4% |
净利率ARHSFIP
| Q1 26 | — | -79.7% | ||
| Q4 25 | 4.1% | -68.1% | ||
| Q3 25 | 3.5% | -74.4% | ||
| Q2 25 | 9.8% | -57.2% | ||
| Q1 25 | 1.6% | 125.0% | ||
| Q4 24 | 6.1% | -154.4% | ||
| Q3 24 | 3.1% | -51.6% | ||
| Q2 24 | 7.2% | -56.7% |
每股收益（稀释后）ARHSFIP
| Q1 26 | — | $-1.32 | ||
| Q4 25 | $0.11 | $-1.04 | ||
| Q3 25 | $0.09 | $-1.38 | ||
| Q2 25 | $0.25 | $-0.73 | ||
| Q1 25 | $0.03 | $0.89 | ||
| Q4 24 | $0.15 | $-1.21 | ||
| Q3 24 | $0.07 | $-0.45 | ||
| Q2 24 | $0.16 | $-0.52 |
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 | $37.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $418.2M | $-122.5K |
| 总资产 | $1.4B | $5.7B |
| 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ARHSFIP
| Q1 26 | — | $37.9M | ||
| Q4 25 | $253.4M | $57.4M | ||
| Q3 25 | $262.2M | $34.7M | ||
| Q2 25 | $234.8M | $33.6M | ||
| Q1 25 | $214.4M | $26.3M | ||
| Q4 24 | $197.5M | $27.8M | ||
| Q3 24 | $177.7M | $20.3M | ||
| Q2 24 | $174.2M | $33.1M |
总债务ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | — | $3.8B | ||
| Q3 25 | — | $3.7B | ||
| Q2 25 | — | $3.1B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.6B |
股东权益ARHSFIP
| Q1 26 | — | $-122.5K | ||
| Q4 25 | $418.2M | $21.3M | ||
| Q3 25 | $400.4M | $181.1M | ||
| Q2 25 | $385.6M | $375.5M | ||
| Q1 25 | $348.8M | $476.2M | ||
| Q4 24 | $343.7M | $202.7M | ||
| Q3 24 | $320.6M | $370.8M | ||
| Q2 24 | $309.3M | $394.8M |
总资产ARHSFIP
| Q1 26 | — | $5.7B | ||
| Q4 25 | $1.4B | $5.7B | ||
| Q3 25 | $1.4B | $5.5B | ||
| Q2 25 | $1.3B | $4.4B | ||
| Q1 25 | $1.3B | $4.1B | ||
| Q4 24 | $1.2B | $2.4B | ||
| Q3 24 | $1.2B | $2.4B | ||
| Q2 24 | $1.2B | $2.5B |
负债/权益比ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | — | 176.99× | ||
| Q3 25 | — | 20.59× | ||
| Q2 25 | — | 8.21× | ||
| Q1 25 | — | 5.79× | ||
| Q4 24 | — | 7.84× | ||
| Q3 24 | — | 4.14× | ||
| Q2 24 | — | 3.94× |
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 | $-69.4M |
| 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ARHSFIP
| Q1 26 | — | $-69.4M | ||
| Q4 25 | $9.3M | $-2.8M | ||
| Q3 25 | $46.1M | $-24.4M | ||
| Q2 25 | $34.9M | $-5.2M | ||
| Q1 25 | $46.5M | $-85.7M | ||
| Q4 24 | $31.7M | $-8.1M | ||
| Q3 24 | $31.1M | $14.2M | ||
| Q2 24 | $47.5M | $-17.6M |
自由现金流ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | $-8.8M | $-68.6M | ||
| Q3 25 | $28.0M | $-90.7M | ||
| Q2 25 | $20.9M | $-87.5M | ||
| Q1 25 | $18.9M | $-151.7M | ||
| Q4 24 | $13.0M | $-34.3M | ||
| Q3 24 | $4.6M | $-11.7M | ||
| Q2 24 | $11.3M | $-32.1M |
自由现金流率ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | -2.4% | -47.8% | ||
| Q3 25 | 8.1% | -64.5% | ||
| Q2 25 | 5.8% | -71.6% | ||
| Q1 25 | 6.1% | -157.7% | ||
| Q4 24 | 3.7% | -42.4% | ||
| Q3 24 | 1.4% | -14.0% | ||
| Q2 24 | 3.6% | -37.9% |
资本支出强度ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | 5.0% | 45.9% | ||
| Q3 25 | 5.3% | 47.2% | ||
| Q2 25 | 3.9% | 67.3% | ||
| Q1 25 | 8.9% | 68.6% | ||
| Q4 24 | 5.4% | 32.5% | ||
| Q3 24 | 8.3% | 31.1% | ||
| Q2 24 | 11.7% | 17.2% |
现金转化率ARHSFIP
| Q1 26 | — | — | ||
| Q4 25 | 0.62× | — | ||
| Q3 25 | 3.77× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 9.53× | -0.71× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — |
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% |
FIP
暂无分部数据
