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CBL & ASSOCIATES PROPERTIES INC（CBL）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
CBL & ASSOCIATES PROPERTIES INC的季度营收约是RESOURCES CONNECTION, INC.的1.3倍（$156.4M vs $117.7M），CBL & ASSOCIATES PROPERTIES INC净利率更高（31.3% vs -10.8%，领先42.1%），CBL & ASSOCIATES PROPERTIES INC同比增速更快（18.8% vs -19.2%），过去两年CBL & ASSOCIATES PROPERTIES INC的营收复合增速更高（10.1% vs -11.8%）
CBL联合地产是一家美国房地产投资信托企业，核心投资布局为购物中心与商业摩尔，业务主要集中在美国东南部与中西部地区。公司在特拉华州注册，总部设于田纳西州查塔努加，该城市也是其最大的布局市场，公司名称取自创始人查尔斯·B·勒博维茨的姓名首字母。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
CBL vs RGP — 直观对比
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $156.4M | $117.7M |
| 净利润 | $49.0M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | — | -10.3% |
| 净利率 | 31.3% | -10.8% |
| 营收同比 | 18.8% | -19.2% |
| 净利润同比 | 29.0% | 81.6% |
| 每股收益（稀释后） | $1.61 | $-0.38 |
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
| Q4 25 | $156.4M | $117.7M | ||
| Q3 25 | $139.3M | $120.2M | ||
| Q2 25 | $140.9M | $139.3M | ||
| Q1 25 | $141.8M | $129.4M | ||
| Q4 24 | $131.7M | $145.6M | ||
| Q3 24 | $125.1M | $136.9M | ||
| Q2 24 | $129.7M | $148.2M | ||
| Q1 24 | $129.1M | $151.3M |
| Q4 25 | $49.0M | $-12.7M | ||
| Q3 25 | $75.4M | $-2.4M | ||
| Q2 25 | $2.8M | $-73.3M | ||
| Q1 25 | $8.8M | $-44.1M | ||
| Q4 24 | $38.0M | $-68.7M | ||
| Q3 24 | $16.2M | $-5.7M | ||
| Q2 24 | $4.7M | $10.5M | ||
| Q1 24 | $50.0K | $2.5M |
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | — | -10.3% | ||
| Q3 25 | — | -1.7% | ||
| Q2 25 | — | -47.0% | ||
| Q1 25 | — | -38.4% | ||
| Q4 24 | — | -52.7% | ||
| Q3 24 | — | -3.5% | ||
| Q2 24 | — | 7.6% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 31.3% | -10.8% | ||
| Q3 25 | 54.2% | -2.0% | ||
| Q2 25 | 2.0% | -52.6% | ||
| Q1 25 | 6.2% | -34.0% | ||
| Q4 24 | 28.8% | -47.2% | ||
| Q3 24 | 12.9% | -4.2% | ||
| Q2 24 | 3.7% | 7.1% | ||
| Q1 24 | 0.0% | 1.7% |
| Q4 25 | $1.61 | $-0.38 | ||
| Q3 25 | $2.38 | $-0.07 | ||
| Q2 25 | $0.08 | $-2.21 | ||
| Q1 25 | $0.27 | $-1.34 | ||
| Q4 24 | $1.22 | $-2.08 | ||
| Q3 24 | $0.52 | $-0.17 | ||
| Q2 24 | $0.14 | $0.31 | ||
| Q1 24 | $-0.01 | $0.08 |
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 | $42.3M | $89.8M |
| 总债务越低越好 | $2.2B | — |
| 股东权益账面价值 | $374.9M | $194.6M |
| 总资产 | $2.7B | $289.3M |
| 负债/权益比越低杠杆越低 | 5.79× | — |
8季度趋势，按日历期对齐
| Q4 25 | $42.3M | $89.8M | ||
| Q3 25 | $52.6M | $77.5M | ||
| Q2 25 | $100.3M | $86.1M | ||
| Q1 25 | $100.3M | $72.5M | ||
| Q4 24 | $40.8M | $78.2M | ||
| Q3 24 | $65.1M | $89.6M | ||
| Q2 24 | $57.7M | $108.9M | ||
| Q1 24 | $57.7M | $113.8M |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.2B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $374.9M | $194.6M | ||
| Q3 25 | $351.4M | $206.4M | ||
| Q2 25 | $289.4M | $207.1M | ||
| Q1 25 | $295.0M | $277.8M | ||
| Q4 24 | $323.5M | $325.7M | ||
| Q3 24 | $308.3M | $407.2M | ||
| Q2 24 | $308.8M | $418.8M | ||
| Q1 24 | $324.2M | $414.9M |
| Q4 25 | $2.7B | $289.3M | ||
| Q3 25 | $2.7B | $287.2M | ||
| Q2 25 | $2.6B | $304.7M | ||
| Q1 25 | $2.6B | $375.6M | ||
| Q4 24 | $2.7B | $424.9M | ||
| Q3 24 | $2.2B | $512.9M | ||
| Q2 24 | $2.3B | $510.9M | ||
| Q1 24 | $2.3B | $523.2M |
| Q4 25 | 5.79× | — | ||
| Q3 25 | 6.21× | — | ||
| Q2 25 | 7.39× | — | ||
| Q1 25 | 7.29× | — | ||
| Q4 24 | 6.84× | — | ||
| Q3 24 | 5.76× | — | ||
| Q2 24 | 6.00× | — | ||
| Q1 24 | 5.74× | — |
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 | $249.7M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | — | $15.6M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 5.10× | — |
| 过去12个月自由现金流最近4个季度 | — | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $249.7M | $15.9M | ||
| Q3 25 | $69.6M | $-7.8M | ||
| Q2 25 | $68.3M | $16.8M | ||
| Q1 25 | $31.7M | $659.0K | ||
| Q4 24 | $202.2M | $1.8M | ||
| Q3 24 | $61.1M | $-309.0K | ||
| Q2 24 | $64.2M | $3.2M | ||
| Q1 24 | $30.7M | $20.5M |
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $-8.0M | ||
| Q2 25 | — | $16.5M | ||
| Q1 25 | — | $238.0K | ||
| Q4 24 | — | $61.0K | ||
| Q3 24 | $46.0M | $-575.0K | ||
| Q2 24 | $54.8M | $3.0M | ||
| Q1 24 | $24.7M | $20.4M |
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 36.8% | -0.4% | ||
| Q2 24 | 42.2% | 2.1% | ||
| Q1 24 | 19.1% | 13.5% |
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | 12.1% | 0.2% | ||
| Q2 24 | 7.3% | 0.1% | ||
| Q1 24 | 4.7% | 0.1% |
| Q4 25 | 5.10× | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | 24.74× | — | ||
| Q1 25 | 3.60× | — | ||
| Q4 24 | 5.32× | — | ||
| Q3 24 | 3.77× | — | ||
| Q2 24 | 13.54× | 0.30× | ||
| Q1 24 | 614.76× | 8.04× |
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
CBL
暂无分部数据
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
