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Arhaus, Inc.（ARHS）与HAVERTY FURNITURE COMPANIES INC（HVT）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HAVERTY FURNITURE COMPANIES INC的1.8倍（$364.8M vs $201.9M）。HAVERTY FURNITURE COMPANIES INC净利率更高（4.2% vs 4.1%，领先0.1%）。HAVERTY FURNITURE COMPANIES INC同比增速更快（9.5% vs 5.1%）。HAVERTY FURNITURE COMPANIES INC自由现金流更多（$3.0M vs $-8.8M）。过去两年Arhaus, Inc.的营收复合增速更高（11.2% vs 4.8%）
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。
该企业原名为国际鞋业公司，1911年由两家鞋企合并成立于美国密苏里州克莱顿，后开展多元化业务并逐步退出制鞋领域，最终更名为家具品牌国际，是美国家居行业知名企业，曾拥有布罗伊希尔等多个知名家具品牌。
ARHS vs HVT — 直观对比
营收规模更大
ARHS
是对方的1.8倍
$201.9M
营收增速更快
HVT
高出4.4%
5.1%
净利率更高
HVT
高出0.1%
4.1%
自由现金流更多
HVT
多$11.8M
$-8.8M
两年增速更快
ARHS
近两年复合增速
4.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $201.9M |
| 净利润 | $15.1M | $8.5M |
| 毛利率 | 38.1% | 60.4% |
| 营业利润率 | 5.6% | 5.3% |
| 净利率 | 4.1% | 4.2% |
| 营收同比 | 5.1% | 9.5% |
| 净利润同比 | -29.1% | 4.1% |
| 每股收益（稀释后） | $0.11 | — |
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ARHSHVT
| Q4 25 | $364.8M | $201.9M | ||
| Q3 25 | $344.6M | $194.5M | ||
| Q2 25 | $358.4M | $181.0M | ||
| Q1 25 | $311.4M | $181.6M | ||
| Q4 24 | $347.0M | $184.4M | ||
| Q3 24 | $319.1M | $175.9M | ||
| Q2 24 | $309.8M | $178.6M | ||
| Q1 24 | $295.2M | $184.0M |
净利润ARHSHVT
| Q4 25 | $15.1M | $8.5M | ||
| Q3 25 | $12.2M | $4.7M | ||
| Q2 25 | $35.1M | $2.7M | ||
| Q1 25 | $4.9M | $3.8M | ||
| Q4 24 | $21.3M | $8.2M | ||
| Q3 24 | $9.9M | $4.9M | ||
| Q2 24 | $22.2M | $4.4M | ||
| Q1 24 | $15.1M | $2.4M |
毛利率ARHSHVT
| Q4 25 | 38.1% | 60.4% | ||
| Q3 25 | 38.7% | 60.3% | ||
| Q2 25 | 41.4% | 60.8% | ||
| Q1 25 | 37.1% | 61.2% | ||
| Q4 24 | 40.0% | 61.9% | ||
| Q3 24 | 38.6% | 60.2% | ||
| Q2 24 | 40.1% | 60.4% | ||
| Q1 24 | 39.0% | 60.3% |
营业利润率ARHSHVT
| Q4 25 | 5.6% | 5.3% | ||
| Q3 25 | 4.8% | 3.3% | ||
| Q2 25 | 13.0% | 2.4% | ||
| Q1 25 | 1.7% | 2.9% | ||
| Q4 24 | 8.2% | 5.2% | ||
| Q3 24 | 3.3% | 3.9% | ||
| Q2 24 | 9.5% | 3.6% | ||
| Q1 24 | 6.2% | 1.7% |
净利率ARHSHVT
| Q4 25 | 4.1% | 4.2% | ||
| Q3 25 | 3.5% | 2.4% | ||
| Q2 25 | 9.8% | 1.5% | ||
| Q1 25 | 1.6% | 2.1% | ||
| Q4 24 | 6.1% | 4.4% | ||
| Q3 24 | 3.1% | 2.8% | ||
| Q2 24 | 7.2% | 2.5% | ||
| Q1 24 | 5.1% | 1.3% |
每股收益（稀释后）ARHSHVT
| Q4 25 | $0.11 | — | ||
| Q3 25 | $0.09 | — | ||
| Q2 25 | $0.25 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $0.15 | — | ||
| Q3 24 | $0.07 | — | ||
| Q2 24 | $0.16 | — | ||
| Q1 24 | $0.11 | — |
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 | $125.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $418.2M | $307.9M |
| 总资产 | $1.4B | $649.1M |
| 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ARHSHVT
| Q4 25 | $253.4M | $125.3M | ||
| Q3 25 | $262.2M | $130.5M | ||
| Q2 25 | $234.8M | $107.4M | ||
| Q1 25 | $214.4M | $111.9M | ||
| Q4 24 | $197.5M | $120.0M | ||
| Q3 24 | $177.7M | $121.2M | ||
| Q2 24 | $174.2M | $109.9M | ||
| Q1 24 | $233.2M | $111.8M |
股东权益ARHSHVT
| Q4 25 | $418.2M | $307.9M | ||
| Q3 25 | $400.4M | $306.0M | ||
| Q2 25 | $385.6M | $304.9M | ||
| Q1 25 | $348.8M | $305.4M | ||
| Q4 24 | $343.7M | $307.6M | ||
| Q3 24 | $320.6M | $307.8M | ||
| Q2 24 | $309.3M | $307.1M | ||
| Q1 24 | $285.6M | $306.7M |
总资产ARHSHVT
| Q4 25 | $1.4B | $649.1M | ||
| Q3 25 | $1.4B | $651.7M | ||
| Q2 25 | $1.3B | $642.7M | ||
| Q1 25 | $1.3B | $642.7M | ||
| Q4 24 | $1.2B | $648.7M | ||
| Q3 24 | $1.2B | $659.3M | ||
| Q2 24 | $1.2B | $642.1M | ||
| Q1 24 | $1.2B | $640.5M |
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 | $7.4M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $3.0M |
| 自由现金流率自由现金流/营收 | -2.4% | 1.5% |
| 资本支出强度资本支出/营收 | 5.0% | 2.2% |
| 现金转化率经营现金流/净利润 | 0.62× | 0.86× |
| 过去12个月自由现金流最近4个季度 | $59.0M | $33.0M |
8季度趋势，按日历期对齐
经营现金流ARHSHVT
| Q4 25 | $9.3M | $7.4M | ||
| Q3 25 | $46.1M | $31.9M | ||
| Q2 25 | $34.9M | $7.2M | ||
| Q1 25 | $46.5M | $6.2M | ||
| Q4 24 | $31.7M | $16.9M | ||
| Q3 24 | $31.1M | $24.4M | ||
| Q2 24 | $47.5M | $14.4M | ||
| Q1 24 | $36.8M | $3.1M |
自由现金流ARHSHVT
| Q4 25 | $-8.8M | $3.0M | ||
| Q3 25 | $28.0M | $28.3M | ||
| Q2 25 | $20.9M | $1.6M | ||
| Q1 25 | $18.9M | $27.0K | ||
| Q4 24 | $13.0M | $9.1M | ||
| Q3 24 | $4.6M | $16.1M | ||
| Q2 24 | $11.3M | $4.9M | ||
| Q1 24 | $10.9M | $-3.3M |
自由现金流率ARHSHVT
| Q4 25 | -2.4% | 1.5% | ||
| Q3 25 | 8.1% | 14.6% | ||
| Q2 25 | 5.8% | 0.9% | ||
| Q1 25 | 6.1% | 0.0% | ||
| Q4 24 | 3.7% | 4.9% | ||
| Q3 24 | 1.4% | 9.2% | ||
| Q2 24 | 3.6% | 2.7% | ||
| Q1 24 | 3.7% | -1.8% |
资本支出强度ARHSHVT
| Q4 25 | 5.0% | 2.2% | ||
| Q3 25 | 5.3% | 1.8% | ||
| Q2 25 | 3.9% | 3.1% | ||
| Q1 25 | 8.9% | 3.4% | ||
| Q4 24 | 5.4% | 4.2% | ||
| Q3 24 | 8.3% | 4.7% | ||
| Q2 24 | 11.7% | 5.3% | ||
| Q1 24 | 8.8% | 3.5% |
现金转化率ARHSHVT
| Q4 25 | 0.62× | 0.86× | ||
| Q3 25 | 3.77× | 6.75× | ||
| Q2 25 | 1.00× | 2.69× | ||
| Q1 25 | 9.53× | 1.63× | ||
| Q4 24 | 1.49× | 2.06× | ||
| Q3 24 | 3.14× | 4.96× | ||
| Q2 24 | 2.14× | 3.25× | ||
| Q1 24 | 2.44× | 1.31× |
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% |
HVT
| Upholstery | $91.0M | 45% |
| Bedroom Furniture | $29.2M | 14% |
| Accessories And Other | $28.4M | 14% |
| Dining Room Furniture | $22.8M | 11% |
| Mattresses | $16.1M | 8% |
| Occasional | $14.4M | 7% |
