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Arhaus, Inc.（ARHS）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.9倍（$364.8M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 4.1%，领先43.8%），Arhaus, Inc.同比增速更快（5.1% vs -21.9%），过去两年Arhaus, Inc.的营收复合增速更高（11.2% vs -15.4%）
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。
ARHS vs RILY — 直观对比
营收规模更大
ARHS
是对方的1.9倍
$188.3M
营收增速更快
ARHS
高出27.0%
-21.9%
净利率更高
RILY
高出43.8%
4.1%
两年增速更快
ARHS
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $364.8M | $188.3M |
| 净利润 | $15.1M | $90.3M |
| 毛利率 | 38.1% | 79.5% |
| 营业利润率 | 5.6% | 32.3% |
| 净利率 | 4.1% | 47.9% |
| 营收同比 | 5.1% | -21.9% |
| 净利润同比 | -29.1% | 1710.8% |
| 每股收益（稀释后） | $0.11 | $2.78 |
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ARHSRILY
| Q4 25 | $364.8M | $188.3M | ||
| Q3 25 | $344.6M | $215.3M | ||
| Q2 25 | $358.4M | $188.2M | ||
| Q1 25 | $311.4M | $197.2M | ||
| Q4 24 | $347.0M | $241.0M | ||
| Q3 24 | $319.1M | $225.5M | ||
| Q2 24 | $309.8M | $256.0M | ||
| Q1 24 | $295.2M | $263.4M |
净利润ARHSRILY
| Q4 25 | $15.1M | $90.3M | ||
| Q3 25 | $12.2M | $91.1M | ||
| Q2 25 | $35.1M | $139.5M | ||
| Q1 25 | $4.9M | $-10.0M | ||
| Q4 24 | $21.3M | $-5.6M | ||
| Q3 24 | $9.9M | $-284.4M | ||
| Q2 24 | $22.2M | $-433.6M | ||
| Q1 24 | $15.1M | $-49.2M |
毛利率ARHSRILY
| Q4 25 | 38.1% | 79.5% | ||
| Q3 25 | 38.7% | 83.7% | ||
| Q2 25 | 41.4% | 81.3% | ||
| Q1 25 | 37.1% | 81.4% | ||
| Q4 24 | 40.0% | 79.8% | ||
| Q3 24 | 38.6% | 82.1% | ||
| Q2 24 | 40.1% | 84.5% | ||
| Q1 24 | 39.0% | 85.3% |
营业利润率ARHSRILY
| Q4 25 | 5.6% | 32.3% | ||
| Q3 25 | 4.8% | 30.4% | ||
| Q2 25 | 13.0% | 5.7% | ||
| Q1 25 | 1.7% | -31.2% | ||
| Q4 24 | 8.2% | -69.2% | ||
| Q3 24 | 3.3% | -36.4% | ||
| Q2 24 | 9.5% | -90.8% | ||
| Q1 24 | 6.2% | -6.1% |
净利率ARHSRILY
| Q4 25 | 4.1% | 47.9% | ||
| Q3 25 | 3.5% | 42.3% | ||
| Q2 25 | 9.8% | 74.1% | ||
| Q1 25 | 1.6% | -5.1% | ||
| Q4 24 | 6.1% | -2.3% | ||
| Q3 24 | 3.1% | -126.1% | ||
| Q2 24 | 7.2% | -169.4% | ||
| Q1 24 | 5.1% | -18.7% |
每股收益（稀释后）ARHSRILY
| Q4 25 | $0.11 | $2.78 | ||
| Q3 25 | $0.09 | $2.91 | ||
| Q2 25 | $0.25 | $4.50 | ||
| Q1 25 | $0.03 | $-0.39 | ||
| Q4 24 | $0.15 | $-0.01 | ||
| Q3 24 | $0.07 | $-9.39 | ||
| Q2 24 | $0.16 | $-14.35 | ||
| Q1 24 | $0.11 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $418.2M | $-171.5M |
| 总资产 | $1.4B | $1.7B |
| 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ARHSRILY
| Q4 25 | $253.4M | $226.6M | ||
| Q3 25 | $262.2M | $184.2M | ||
| Q2 25 | $234.8M | $267.4M | ||
| Q1 25 | $214.4M | $138.3M | ||
| Q4 24 | $197.5M | $146.9M | ||
| Q3 24 | $177.7M | $159.2M | ||
| Q2 24 | $174.2M | $236.9M | ||
| Q1 24 | $233.2M | $190.7M |
总债务ARHSRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARHSRILY
| Q4 25 | $418.2M | $-171.5M | ||
| Q3 25 | $400.4M | $-260.5M | ||
| Q2 25 | $385.6M | $-351.7M | ||
| Q1 25 | $348.8M | $-496.8M | ||
| Q4 24 | $343.7M | $-488.2M | ||
| Q3 24 | $320.6M | $-497.6M | ||
| Q2 24 | $309.3M | $-218.3M | ||
| Q1 24 | $285.6M | $228.4M |
总资产ARHSRILY
| Q4 25 | $1.4B | $1.7B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $2.2B | ||
| Q2 24 | $1.2B | $3.2B | ||
| Q1 24 | $1.2B | $5.0B |
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 | $26.2M |
| 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× | 0.29× |
| 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ARHSRILY
| Q4 25 | $9.3M | $26.2M | ||
| Q3 25 | $46.1M | $-60.6M | ||
| Q2 25 | $34.9M | $-25.6M | ||
| Q1 25 | $46.5M | $184.0K | ||
| Q4 24 | $31.7M | $-2.7M | ||
| Q3 24 | $31.1M | $19.5M | ||
| Q2 24 | $47.5M | $111.5M | ||
| Q1 24 | $36.8M | $135.4M |
自由现金流ARHSRILY
| 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ARHSRILY
| 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ARHSRILY
| Q4 25 | 5.0% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 3.9% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 8.8% | — |
现金转化率ARHSRILY
| Q4 25 | 0.62× | 0.29× | ||
| Q3 25 | 3.77× | -0.66× | ||
| Q2 25 | 1.00× | -0.18× | ||
| Q1 25 | 9.53× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
