vs
Arhaus, Inc.（ARHS）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是Arhaus, Inc.的1.3倍（$461.6M vs $364.8M），RBC Bearings INC净利率更高（14.6% vs 4.1%，领先10.5%），RBC Bearings INC同比增速更快（17.0% vs 5.1%），RBC Bearings INC自由现金流更多（$99.1M vs $-8.8M），过去两年Arhaus, Inc.的营收复合增速更高（11.2% vs 5.6%）
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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
ARHS vs RBC — 直观对比
营收规模更大
RBC
是对方的1.3倍
$364.8M
营收增速更快
RBC
高出11.9%
5.1%
净利率更高
RBC
高出10.5%
4.1%
自由现金流更多
RBC
多$107.9M
$-8.8M
两年增速更快
ARHS
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $461.6M |
| 净利润 | $15.1M | $67.4M |
| 毛利率 | 38.1% | 44.3% |
| 营业利润率 | 5.6% | 22.3% |
| 净利率 | 4.1% | 14.6% |
| 营收同比 | 5.1% | 17.0% |
| 净利润同比 | -29.1% | 16.4% |
| 每股收益（稀释后） | $0.11 | $2.13 |
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ARHSRBC
| Q4 25 | $364.8M | $461.6M | ||
| Q3 25 | $344.6M | $455.3M | ||
| Q2 25 | $358.4M | $436.0M | ||
| Q1 25 | $311.4M | $437.7M | ||
| Q4 24 | $347.0M | $394.4M | ||
| Q3 24 | $319.1M | $397.9M | ||
| Q2 24 | $309.8M | $406.3M | ||
| Q1 24 | $295.2M | $413.7M |
净利润ARHSRBC
| Q4 25 | $15.1M | $67.4M | ||
| Q3 25 | $12.2M | $60.0M | ||
| Q2 25 | $35.1M | $68.5M | ||
| Q1 25 | $4.9M | $72.7M | ||
| Q4 24 | $21.3M | $57.9M | ||
| Q3 24 | $9.9M | $54.2M | ||
| Q2 24 | $22.2M | $61.4M | ||
| Q1 24 | $15.1M | — |
毛利率ARHSRBC
| Q4 25 | 38.1% | 44.3% | ||
| Q3 25 | 38.7% | 44.1% | ||
| Q2 25 | 41.4% | 44.8% | ||
| Q1 25 | 37.1% | 44.2% | ||
| Q4 24 | 40.0% | 44.3% | ||
| Q3 24 | 38.6% | 43.7% | ||
| Q2 24 | 40.1% | 45.3% | ||
| Q1 24 | 39.0% | 43.1% |
营业利润率ARHSRBC
| Q4 25 | 5.6% | 22.3% | ||
| Q3 25 | 4.8% | 21.5% | ||
| Q2 25 | 13.0% | 23.2% | ||
| Q1 25 | 1.7% | 23.0% | ||
| Q4 24 | 8.2% | 21.7% | ||
| Q3 24 | 3.3% | 21.6% | ||
| Q2 24 | 9.5% | 24.0% | ||
| Q1 24 | 6.2% | 22.8% |
净利率ARHSRBC
| Q4 25 | 4.1% | 14.6% | ||
| Q3 25 | 3.5% | 13.2% | ||
| Q2 25 | 9.8% | 15.7% | ||
| Q1 25 | 1.6% | 16.6% | ||
| Q4 24 | 6.1% | 14.7% | ||
| Q3 24 | 3.1% | 13.6% | ||
| Q2 24 | 7.2% | 15.1% | ||
| Q1 24 | 5.1% | — |
每股收益（稀释后）ARHSRBC
| Q4 25 | $0.11 | $2.13 | ||
| Q3 25 | $0.09 | $1.90 | ||
| Q2 25 | $0.25 | $2.17 | ||
| Q1 25 | $0.03 | $2.33 | ||
| Q4 24 | $0.15 | $1.82 | ||
| Q3 24 | $0.07 | $1.65 | ||
| Q2 24 | $0.16 | $1.90 | ||
| Q1 24 | $0.11 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $418.2M | $3.3B |
| 总资产 | $1.4B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ARHSRBC
| Q4 25 | $253.4M | $107.6M | ||
| Q3 25 | $262.2M | $91.2M | ||
| Q2 25 | $234.8M | $132.9M | ||
| Q1 25 | $214.4M | $36.8M | ||
| Q4 24 | $197.5M | — | ||
| Q3 24 | $177.7M | — | ||
| Q2 24 | $174.2M | $76.8M | ||
| Q1 24 | $233.2M | $63.5M |
总债务ARHSRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益ARHSRBC
| Q4 25 | $418.2M | $3.3B | ||
| Q3 25 | $400.4M | $3.2B | ||
| Q2 25 | $385.6M | $3.1B | ||
| Q1 25 | $348.8M | $3.0B | ||
| Q4 24 | $343.7M | $2.9B | ||
| Q3 24 | $320.6M | $2.9B | ||
| Q2 24 | $309.3M | $2.8B | ||
| Q1 24 | $285.6M | $2.8B |
总资产ARHSRBC
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.3B | $4.8B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | $1.2B | $4.7B | ||
| Q3 24 | $1.2B | $4.7B | ||
| Q2 24 | $1.2B | $4.7B | ||
| Q1 24 | $1.2B | $4.7B |
负债/权益比ARHSRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-8.8M | $99.1M |
| 自由现金流率自由现金流/营收 | -2.4% | 21.5% |
| 资本支出强度资本支出/营收 | 5.0% | 5.0% |
| 现金转化率经营现金流/净利润 | 0.62× | 1.81× |
| 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ARHSRBC
| Q4 25 | $9.3M | $122.1M | ||
| Q3 25 | $46.1M | $88.4M | ||
| Q2 25 | $34.9M | $120.0M | ||
| Q1 25 | $46.5M | — | ||
| Q4 24 | $31.7M | $84.0M | ||
| Q3 24 | $31.1M | — | ||
| Q2 24 | $47.5M | $97.4M | ||
| Q1 24 | $36.8M | — |
自由现金流ARHSRBC
| Q4 25 | $-8.8M | $99.1M | ||
| Q3 25 | $28.0M | $71.7M | ||
| Q2 25 | $20.9M | $104.3M | ||
| Q1 25 | $18.9M | — | ||
| Q4 24 | $13.0M | $73.6M | ||
| Q3 24 | $4.6M | — | ||
| Q2 24 | $11.3M | $88.4M | ||
| Q1 24 | $10.9M | — |
自由现金流率ARHSRBC
| Q4 25 | -2.4% | 21.5% | ||
| Q3 25 | 8.1% | 15.7% | ||
| Q2 25 | 5.8% | 23.9% | ||
| Q1 25 | 6.1% | — | ||
| Q4 24 | 3.7% | 18.7% | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 3.6% | 21.8% | ||
| Q1 24 | 3.7% | — |
资本支出强度ARHSRBC
| Q4 25 | 5.0% | 5.0% | ||
| Q3 25 | 5.3% | 3.7% | ||
| Q2 25 | 3.9% | 3.6% | ||
| Q1 25 | 8.9% | 3.2% | ||
| Q4 24 | 5.4% | 2.6% | ||
| Q3 24 | 8.3% | 4.1% | ||
| Q2 24 | 11.7% | 2.2% | ||
| Q1 24 | 8.8% | — |
现金转化率ARHSRBC
| Q4 25 | 0.62× | 1.81× | ||
| Q3 25 | 3.77× | 1.47× | ||
| Q2 25 | 1.00× | 1.75× | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | 1.45× | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | 1.59× | ||
| Q1 24 | 2.44× | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
