vs
百富门（BF.B）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是百富门的1.3倍（$1.3B vs $1.0B），百富门同比增速更快（-5.4% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $107.0M），过去两年百富门的营收复合增速更高（-1.6% vs -6.1%）
百富门（Brown-Forman）是美国家族控股上市企业，属全球规模最大的葡萄酒及烈酒经营集团之一，总部位于肯塔基州路易斯维尔。旗下拥有杰克丹尼、伍德福德珍藏、格兰多纳等多个国际知名酒类品牌，曾持有的南方安逸等品牌已于2016年出售。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
BF.B vs RHI — 直观对比
营收规模更大
RHI
是对方的1.3倍
$1.0B
营收增速更快
BF.B
高出0.4%
-5.8%
自由现金流更多
RHI
多$63.8M
$107.0M
两年增速更快
BF.B
近两年复合增速
-6.1%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $1.3B |
| 净利润 | $224.0M | — |
| 毛利率 | 59.4% | 37.6% |
| 营业利润率 | 29.4% | 1.7% |
| 净利率 | 21.6% | — |
| 营收同比 | -5.4% | -5.8% |
| 净利润同比 | -13.2% | — |
| 每股收益（稀释后） | $0.47 | $0.32 |
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BF.BRHI
| Q4 25 | $1.0B | $1.3B | ||
| Q3 25 | $924.0M | $1.4B | ||
| Q2 25 | $894.0M | $1.4B | ||
| Q1 25 | $1.0B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $951.0M | $1.5B | ||
| Q2 24 | $964.0M | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
净利润BF.BRHI
| Q4 25 | $224.0M | — | ||
| Q3 25 | $170.0M | $42.9M | ||
| Q2 25 | $146.0M | $41.0M | ||
| Q1 25 | $270.0M | $17.4M | ||
| Q4 24 | $258.0M | — | ||
| Q3 24 | $195.0M | $65.5M | ||
| Q2 24 | $266.0M | $68.2M | ||
| Q1 24 | $285.0M | $63.7M |
毛利率BF.BRHI
| Q4 25 | 59.4% | 37.6% | ||
| Q3 25 | 59.7% | 37.2% | ||
| Q2 25 | 57.4% | 37.2% | ||
| Q1 25 | 59.8% | 36.9% | ||
| Q4 24 | 59.0% | 38.8% | ||
| Q3 24 | 59.4% | 39.0% | ||
| Q2 24 | 59.0% | 39.2% | ||
| Q1 24 | 59.4% | 38.1% |
营业利润率BF.BRHI
| Q4 25 | 29.4% | 1.7% | ||
| Q3 25 | 28.1% | 1.0% | ||
| Q2 25 | 22.9% | 0.1% | ||
| Q1 25 | 27.1% | 2.9% | ||
| Q4 24 | 31.1% | 4.7% | ||
| Q3 24 | 29.5% | 4.1% | ||
| Q2 24 | 38.9% | 5.1% | ||
| Q1 24 | 34.9% | 2.8% |
净利率BF.BRHI
| Q4 25 | 21.6% | — | ||
| Q3 25 | 18.4% | 3.2% | ||
| Q2 25 | 16.3% | 3.0% | ||
| Q1 25 | 26.1% | 1.3% | ||
| Q4 24 | 23.6% | — | ||
| Q3 24 | 20.5% | 4.5% | ||
| Q2 24 | 27.6% | 4.6% | ||
| Q1 24 | 26.7% | 4.3% |
每股收益（稀释后）BF.BRHI
| Q4 25 | $0.47 | $0.32 | ||
| Q3 25 | $0.36 | $0.43 | ||
| Q2 25 | $0.31 | $0.41 | ||
| Q1 25 | $0.57 | $0.17 | ||
| Q4 24 | $0.55 | $0.53 | ||
| Q3 24 | $0.41 | $0.64 | ||
| Q2 24 | $0.56 | $0.66 | ||
| Q1 24 | $0.60 | $0.61 |
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 | $319.0M | $464.4M |
| 总债务越低越好 | $2.4B | — |
| 股东权益账面价值 | $4.1B | $1.3B |
| 总资产 | $8.2B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.59× | — |
8季度趋势，按日历期对齐
现金及短期投资BF.BRHI
| Q4 25 | $319.0M | $464.4M | ||
| Q3 25 | $471.0M | $365.3M | ||
| Q2 25 | $444.0M | $380.5M | ||
| Q1 25 | $599.0M | $342.5M | ||
| Q4 24 | $416.0M | $537.6M | ||
| Q3 24 | $416.0M | $570.5M | ||
| Q2 24 | $446.0M | $547.4M | ||
| Q1 24 | $589.0M | $540.9M |
总债务BF.BRHI
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.7B | — | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益BF.BRHI
| Q4 25 | $4.1B | $1.3B | ||
| Q3 25 | $4.0B | $1.3B | ||
| Q2 25 | $4.0B | $1.3B | ||
| Q1 25 | $3.8B | $1.3B | ||
| Q4 24 | $3.7B | $1.4B | ||
| Q3 24 | $3.5B | $1.5B | ||
| Q2 24 | $3.5B | $1.5B | ||
| Q1 24 | $3.2B | $1.5B |
总资产BF.BRHI
| Q4 25 | $8.2B | $2.9B | ||
| Q3 25 | $8.2B | $2.8B | ||
| Q2 25 | $8.1B | $2.8B | ||
| Q1 25 | $8.1B | $2.7B | ||
| Q4 24 | $8.3B | $2.9B | ||
| Q3 24 | $8.2B | $3.0B | ||
| Q2 24 | $8.2B | $2.9B | ||
| Q1 24 | $8.2B | $2.9B |
负债/权益比BF.BRHI
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.77× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.83× | — |
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 | $132.0M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $170.8M |
| 自由现金流率自由现金流/营收 | 10.3% | 13.1% |
| 资本支出强度资本支出/营收 | 2.4% | 0.9% |
| 现金转化率经营现金流/净利润 | 0.59× | — |
| 过去12个月自由现金流最近4个季度 | $610.0M | $266.8M |
8季度趋势，按日历期对齐
经营现金流BF.BRHI
| Q4 25 | $132.0M | $182.5M | ||
| Q3 25 | $160.0M | $77.4M | ||
| Q2 25 | $152.0M | $119.4M | ||
| Q1 25 | $317.0M | $-59.3M | ||
| Q4 24 | $112.0M | $154.8M | ||
| Q3 24 | $17.0M | $129.6M | ||
| Q2 24 | $285.0M | $142.0M | ||
| Q1 24 | $265.0M | $-15.9M |
自由现金流BF.BRHI
| Q4 25 | $107.0M | $170.8M | ||
| Q3 25 | $129.0M | $63.6M | ||
| Q2 25 | $102.0M | $104.2M | ||
| Q1 25 | $272.0M | $-71.7M | ||
| Q4 24 | $81.0M | $140.5M | ||
| Q3 24 | $-24.0M | $111.8M | ||
| Q2 24 | $205.0M | $129.6M | ||
| Q1 24 | $196.0M | $-27.7M |
自由现金流率BF.BRHI
| Q4 25 | 10.3% | 13.1% | ||
| Q3 25 | 14.0% | 4.7% | ||
| Q2 25 | 11.4% | 7.6% | ||
| Q1 25 | 26.3% | -5.3% | ||
| Q4 24 | 7.4% | 10.2% | ||
| Q3 24 | -2.5% | 7.6% | ||
| Q2 24 | 21.3% | 8.8% | ||
| Q1 24 | 18.3% | -1.9% |
资本支出强度BF.BRHI
| Q4 25 | 2.4% | 0.9% | ||
| Q3 25 | 3.4% | 1.0% | ||
| Q2 25 | 5.6% | 1.1% | ||
| Q1 25 | 4.3% | 0.9% | ||
| Q4 24 | 2.8% | 1.0% | ||
| Q3 24 | 4.3% | 1.2% | ||
| Q2 24 | 8.3% | 0.8% | ||
| Q1 24 | 6.5% | 0.8% |
现金转化率BF.BRHI
| Q4 25 | 0.59× | — | ||
| Q3 25 | 0.94× | 1.80× | ||
| Q2 25 | 1.04× | 2.91× | ||
| Q1 25 | 1.17× | -3.42× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.09× | 1.98× | ||
| Q2 24 | 1.07× | 2.08× | ||
| Q1 24 | 0.93× | -0.25× |
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
BF.B
| Whiskey | $771.0M | 74% |
| Ready To Drink | $138.0M | 13% |
| Tequila | $67.0M | 6% |
| Restofportfolio | $52.0M | 5% |
| Nonbrandedandbulk | $8.0M | 1% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
