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Arhaus, Inc.（ARHS）与PROGRESS SOFTWARE CORP（PRGS）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PROGRESS SOFTWARE CORP的1.4倍（$364.8M vs $252.7M），PROGRESS SOFTWARE CORP净利率更高（10.2% vs 4.1%，领先6.1%），PROGRESS SOFTWARE CORP同比增速更快（17.5% vs 5.1%），PROGRESS SOFTWARE CORP自由现金流更多（$59.9M vs $-8.8M），过去两年PROGRESS SOFTWARE CORP的营收复合增速更高（17.0% 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。
Progress Software是全球领先的企业级软件服务商，主营应用开发平台、数据连接工具、数字体验解决方案等产品，服务覆盖金融、医疗、制造、零售等多行业的全球企业客户，助力客户搭建高性能可扩展的业务应用，提升运营效率。
ARHS vs PRGS — 直观对比
营收规模更大
ARHS
是对方的1.4倍
$252.7M
营收增速更快
PRGS
高出12.4%
5.1%
净利率更高
PRGS
高出6.1%
4.1%
自由现金流更多
PRGS
多$68.7M
$-8.8M
两年增速更快
PRGS
近两年复合增速
11.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $252.7M |
| 净利润 | $15.1M | $25.7M |
| 毛利率 | 38.1% | 81.6% |
| 营业利润率 | 5.6% | 15.2% |
| 净利率 | 4.1% | 10.2% |
| 营收同比 | 5.1% | 17.5% |
| 净利润同比 | -29.1% | 2144.6% |
| 每股收益（稀释后） | $0.11 | $0.59 |
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ARHSPRGS
| Q4 25 | $364.8M | $252.7M | ||
| Q3 25 | $344.6M | $249.8M | ||
| Q2 25 | $358.4M | $237.4M | ||
| Q1 25 | $311.4M | $238.0M | ||
| Q4 24 | $347.0M | $215.0M | ||
| Q3 24 | $319.1M | $178.7M | ||
| Q2 24 | $309.8M | $175.1M | ||
| Q1 24 | $295.2M | $184.7M |
净利润ARHSPRGS
| Q4 25 | $15.1M | $25.7M | ||
| Q3 25 | $12.2M | $19.4M | ||
| Q2 25 | $35.1M | $17.0M | ||
| Q1 25 | $4.9M | $10.9M | ||
| Q4 24 | $21.3M | $1.1M | ||
| Q3 24 | $9.9M | $28.5M | ||
| Q2 24 | $22.2M | $16.2M | ||
| Q1 24 | $15.1M | $22.6M |
毛利率ARHSPRGS
| Q4 25 | 38.1% | 81.6% | ||
| Q3 25 | 38.7% | 81.0% | ||
| Q2 25 | 41.4% | 80.1% | ||
| Q1 25 | 37.1% | 80.6% | ||
| Q4 24 | 40.0% | 83.0% | ||
| Q3 24 | 38.6% | 83.7% | ||
| Q2 24 | 40.1% | 81.7% | ||
| Q1 24 | 39.0% | 82.2% |
营业利润率ARHSPRGS
| Q4 25 | 5.6% | 15.2% | ||
| Q3 25 | 4.8% | 17.6% | ||
| Q2 25 | 13.0% | 16.3% | ||
| Q1 25 | 1.7% | 13.6% | ||
| Q4 24 | 8.2% | 10.0% | ||
| Q3 24 | 3.3% | 22.6% | ||
| Q2 24 | 9.5% | 15.5% | ||
| Q1 24 | 6.2% | 19.0% |
净利率ARHSPRGS
| Q4 25 | 4.1% | 10.2% | ||
| Q3 25 | 3.5% | 7.8% | ||
| Q2 25 | 9.8% | 7.2% | ||
| Q1 25 | 1.6% | 4.6% | ||
| Q4 24 | 6.1% | 0.5% | ||
| Q3 24 | 3.1% | 15.9% | ||
| Q2 24 | 7.2% | 9.2% | ||
| Q1 24 | 5.1% | 12.3% |
每股收益（稀释后）ARHSPRGS
| Q4 25 | $0.11 | $0.59 | ||
| Q3 25 | $0.09 | $0.44 | ||
| Q2 25 | $0.25 | $0.39 | ||
| Q1 25 | $0.03 | $0.24 | ||
| Q4 24 | $0.15 | $0.01 | ||
| Q3 24 | $0.07 | $0.65 | ||
| Q2 24 | $0.16 | $0.37 | ||
| Q1 24 | $0.11 | $0.51 |
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 | $94.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $418.2M | $478.3M |
| 总资产 | $1.4B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 2.93× |
8季度趋势，按日历期对齐
现金及短期投资ARHSPRGS
| Q4 25 | $253.4M | $94.8M | ||
| Q3 25 | $262.2M | $99.0M | ||
| Q2 25 | $234.8M | $102.0M | ||
| Q1 25 | $214.4M | $124.2M | ||
| Q4 24 | $197.5M | $118.1M | ||
| Q3 24 | $177.7M | $232.7M | ||
| Q2 24 | $174.2M | $190.4M | ||
| Q1 24 | $233.2M | $133.2M |
总债务ARHSPRGS
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARHSPRGS
| Q4 25 | $418.2M | $478.3M | ||
| Q3 25 | $400.4M | $477.7M | ||
| Q2 25 | $385.6M | $452.7M | ||
| Q1 25 | $348.8M | $431.8M | ||
| Q4 24 | $343.7M | $438.8M | ||
| Q3 24 | $320.6M | $425.6M | ||
| Q2 24 | $309.3M | $401.7M | ||
| Q1 24 | $285.6M | $461.7M |
总资产ARHSPRGS
| Q4 25 | $1.4B | $2.5B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.3B | $2.4B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.2B | $2.5B | ||
| Q3 24 | $1.2B | $1.6B | ||
| Q2 24 | $1.2B | $1.6B | ||
| Q1 24 | $1.2B | $1.5B |
负债/权益比ARHSPRGS
| Q4 25 | — | 2.93× | ||
| Q3 25 | — | 2.97× | ||
| Q2 25 | — | 3.22× | ||
| Q1 25 | — | 3.50× | ||
| Q4 24 | — | 3.48× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $62.8M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $59.9M |
| 自由现金流率自由现金流/营收 | -2.4% | 23.7% |
| 资本支出强度资本支出/营收 | 5.0% | 1.1% |
| 现金转化率经营现金流/净利润 | 0.62× | 2.44× |
| 过去12个月自由现金流最近4个季度 | $59.0M | $229.5M |
8季度趋势，按日历期对齐
经营现金流ARHSPRGS
| Q4 25 | $9.3M | $62.8M | ||
| Q3 25 | $46.1M | $73.4M | ||
| Q2 25 | $34.9M | $30.0M | ||
| Q1 25 | $46.5M | $68.9M | ||
| Q4 24 | $31.7M | $19.7M | ||
| Q3 24 | $31.1M | $57.7M | ||
| Q2 24 | $47.5M | $63.7M | ||
| Q1 24 | $36.8M | $70.5M |
自由现金流ARHSPRGS
| Q4 25 | $-8.8M | $59.9M | ||
| Q3 25 | $28.0M | $72.4M | ||
| Q2 25 | $20.9M | $29.5M | ||
| Q1 25 | $18.9M | $67.7M | ||
| Q4 24 | $13.0M | $16.8M | ||
| Q3 24 | $4.6M | $56.6M | ||
| Q2 24 | $11.3M | $62.7M | ||
| Q1 24 | $10.9M | $70.2M |
自由现金流率ARHSPRGS
| Q4 25 | -2.4% | 23.7% | ||
| Q3 25 | 8.1% | 29.0% | ||
| Q2 25 | 5.8% | 12.4% | ||
| Q1 25 | 6.1% | 28.4% | ||
| Q4 24 | 3.7% | 7.8% | ||
| Q3 24 | 1.4% | 31.7% | ||
| Q2 24 | 3.6% | 35.8% | ||
| Q1 24 | 3.7% | 38.0% |
资本支出强度ARHSPRGS
| Q4 25 | 5.0% | 1.1% | ||
| Q3 25 | 5.3% | 0.4% | ||
| Q2 25 | 3.9% | 0.2% | ||
| Q1 25 | 8.9% | 0.5% | ||
| Q4 24 | 5.4% | 1.3% | ||
| Q3 24 | 8.3% | 0.6% | ||
| Q2 24 | 11.7% | 0.5% | ||
| Q1 24 | 8.8% | 0.2% |
现金转化率ARHSPRGS
| Q4 25 | 0.62× | 2.44× | ||
| Q3 25 | 3.77× | 3.78× | ||
| Q2 25 | 1.00× | 1.76× | ||
| Q1 25 | 9.53× | 6.30× | ||
| Q4 24 | 1.49× | 17.13× | ||
| Q3 24 | 3.14× | 2.03× | ||
| Q2 24 | 2.14× | 3.93× | ||
| Q1 24 | 2.44× | 3.11× |
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% |
PRGS
| Maintenanceand Services | $187.5M | 74% |
| Share File Acquisition | $67.5M | 27% |
