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Church & Dwight（CHD）与康宝莱（HLF）财务数据对比。点击上方公司名可切换其他公司
Church & Dwight的季度营收约是康宝莱的1.3倍（$1.6B vs $1.3B），Church & Dwight净利率更高（8.7% vs 6.7%，领先2.1%），康宝莱同比增速更快（6.3% vs 3.9%），过去两年Church & Dwight的营收复合增速更高（4.6% vs 0.7%）
Church & Dwight是美国知名消费品企业，成立于1847年，总部位于新泽西州尤因。公司主营个人护理、家居用品及特色产品，旗下拥有Arm & Hammer、Trojan、OxiClean等知名品牌，2022年全年营收达54亿美元。
康宝莱是美国跨国多层次营销企业，主营膳食补充剂的研发与销售。该公司曾被指控涉嫌金字塔骗局欺诈运营，2016年与美国证监会达成协议后调整了薪酬体系，将经销商奖励与可核实的实际销售额挂钩。此外其部分产品曾被曝出引发急性肝炎的相关问题。
CHD vs HLF — 直观对比
营收规模更大
CHD
是对方的1.3倍
$1.3B
营收增速更快
HLF
高出2.3%
3.9%
净利率更高
CHD
高出2.1%
6.7%
两年增速更快
CHD
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.6B | $1.3B |
| 净利润 | $143.5M | $85.4M |
| 毛利率 | 45.8% | 77.5% |
| 营业利润率 | 16.2% | 7.8% |
| 净利率 | 8.7% | 6.7% |
| 营收同比 | 3.9% | 6.3% |
| 净利润同比 | -24.2% | -52.0% |
| 每股收益（稀释后） | $0.60 | $0.81 |
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CHDHLF
| Q4 25 | $1.6B | $1.3B | ||
| Q3 25 | $1.6B | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.2B | ||
| Q4 24 | $1.6B | $1.2B | ||
| Q3 24 | $1.5B | $1.2B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
净利润CHDHLF
| Q4 25 | $143.5M | $85.4M | ||
| Q3 25 | $182.2M | $43.2M | ||
| Q2 25 | $191.0M | $49.3M | ||
| Q1 25 | $220.1M | $50.4M | ||
| Q4 24 | $189.2M | $177.9M | ||
| Q3 24 | $-75.1M | $47.4M | ||
| Q2 24 | $243.5M | $4.7M | ||
| Q1 24 | $227.7M | $24.3M |
毛利率CHDHLF
| Q4 25 | 45.8% | 77.5% | ||
| Q3 25 | 45.1% | 77.7% | ||
| Q2 25 | 43.0% | 78.0% | ||
| Q1 25 | 45.0% | 78.3% | ||
| Q4 24 | 44.7% | 77.8% | ||
| Q3 24 | 45.2% | 78.3% | ||
| Q2 24 | 47.1% | 77.9% | ||
| Q1 24 | 45.7% | 77.5% |
营业利润率CHDHLF
| Q4 25 | 16.2% | 7.8% | ||
| Q3 25 | 16.1% | 9.9% | ||
| Q2 25 | 17.4% | 10.5% | ||
| Q1 25 | 20.1% | 10.1% | ||
| Q4 24 | 16.2% | 8.8% | ||
| Q3 24 | -6.1% | 10.2% | ||
| Q2 24 | 22.3% | 6.3% | ||
| Q1 24 | 20.3% | 5.7% |
净利率CHDHLF
| Q4 25 | 8.7% | 6.7% | ||
| Q3 25 | 11.5% | 3.4% | ||
| Q2 25 | 12.7% | 3.9% | ||
| Q1 25 | 15.0% | 4.1% | ||
| Q4 24 | 12.0% | 14.7% | ||
| Q3 24 | -5.0% | 3.8% | ||
| Q2 24 | 16.1% | 0.4% | ||
| Q1 24 | 15.1% | 1.9% |
每股收益（稀释后）CHDHLF
| Q4 25 | $0.60 | $0.81 | ||
| Q3 25 | $0.75 | $0.42 | ||
| Q2 25 | $0.78 | $0.48 | ||
| Q1 25 | $0.89 | $0.49 | ||
| Q4 24 | $0.76 | $1.75 | ||
| Q3 24 | $-0.31 | $0.46 | ||
| Q2 24 | $0.99 | $0.05 | ||
| Q1 24 | $0.93 | $0.24 |
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 | $409.0M | $353.1M |
| 总债务越低越好 | $2.2B | $2.0B |
| 股东权益账面价值 | $4.0B | $-515.1M |
| 总资产 | $8.9B | $2.8B |
| 负债/权益比越低杠杆越低 | 0.55× | — |
8季度趋势，按日历期对齐
现金及短期投资CHDHLF
| Q4 25 | $409.0M | $353.1M | ||
| Q3 25 | $305.3M | $305.5M | ||
| Q2 25 | $923.2M | $320.9M | ||
| Q1 25 | $1.1B | $329.4M | ||
| Q4 24 | $964.1M | $415.3M | ||
| Q3 24 | $752.1M | $402.5M | ||
| Q2 24 | $491.7M | $374.0M | ||
| Q1 24 | $349.7M | $398.3M |
总债务CHDHLF
| Q4 25 | $2.2B | $2.0B | ||
| Q3 25 | $2.2B | $2.0B | ||
| Q2 25 | $2.2B | $2.1B | ||
| Q1 25 | $2.2B | $2.2B | ||
| Q4 24 | $2.2B | $2.3B | ||
| Q3 24 | $2.2B | $2.3B | ||
| Q2 24 | $2.2B | $2.3B | ||
| Q1 24 | $2.2B | $2.4B |
股东权益CHDHLF
| Q4 25 | $4.0B | $-515.1M | ||
| Q3 25 | $4.2B | $-612.0M | ||
| Q2 25 | $4.4B | $-660.5M | ||
| Q1 25 | $4.6B | $-736.0M | ||
| Q4 24 | $4.4B | $-801.1M | ||
| Q3 24 | $4.2B | $-954.2M | ||
| Q2 24 | $4.3B | $-1.0B | ||
| Q1 24 | $4.1B | $-1.0B |
总资产CHDHLF
| Q4 25 | $8.9B | $2.8B | ||
| Q3 25 | $9.1B | $2.7B | ||
| Q2 25 | $8.8B | $2.7B | ||
| Q1 25 | $9.0B | $2.7B | ||
| Q4 24 | $8.9B | $2.7B | ||
| Q3 24 | $8.7B | $2.7B | ||
| Q2 24 | $8.8B | $2.6B | ||
| Q1 24 | $8.6B | $2.6B |
负债/权益比CHDHLF
| Q4 25 | 0.55× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.48× | — | ||
| Q4 24 | 0.51× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.54× | — |
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 | — | $98.3M |
| 自由现金流经营现金流 - 资本支出 | — | $79.8M |
| 自由现金流率自由现金流/营收 | — | 6.2% |
| 资本支出强度资本支出/营收 | 3.4% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $252.9M |
8季度趋势，按日历期对齐
经营现金流CHDHLF
| Q4 25 | — | $98.3M | ||
| Q3 25 | — | $138.8M | ||
| Q2 25 | — | $96.0M | ||
| Q1 25 | — | $200.0K | ||
| Q4 24 | $292.3M | $69.6M | ||
| Q3 24 | $364.0M | $99.5M | ||
| Q2 24 | $236.9M | $102.5M | ||
| Q1 24 | $263.0M | $13.8M |
自由现金流CHDHLF
| Q4 25 | — | $79.8M | ||
| Q3 25 | — | $118.0M | ||
| Q2 25 | — | $73.2M | ||
| Q1 25 | — | $-18.1M | ||
| Q4 24 | $237.7M | $43.9M | ||
| Q3 24 | $315.4M | $72.4M | ||
| Q2 24 | $206.6M | $66.2M | ||
| Q1 24 | $216.7M | $-19.1M |
自由现金流率CHDHLF
| Q4 25 | — | 6.2% | ||
| Q3 25 | — | 9.3% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -1.5% | ||
| Q4 24 | 15.0% | 3.6% | ||
| Q3 24 | 20.9% | 5.8% | ||
| Q2 24 | 13.7% | 5.2% | ||
| Q1 24 | 14.4% | -1.5% |
资本支出强度CHDHLF
| Q4 25 | 3.4% | 1.4% | ||
| Q3 25 | 1.8% | 1.6% | ||
| Q2 25 | 1.5% | 1.8% | ||
| Q1 25 | 1.1% | 1.5% | ||
| Q4 24 | 3.5% | 2.1% | ||
| Q3 24 | 3.2% | 2.2% | ||
| Q2 24 | 2.0% | 2.8% | ||
| Q1 24 | 3.1% | 2.6% |
现金转化率CHDHLF
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.21× | ||
| Q2 25 | — | 1.95× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 1.54× | 0.39× | ||
| Q3 24 | — | 2.10× | ||
| Q2 24 | 0.97× | 21.81× | ||
| Q1 24 | 1.16× | 0.57× |
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
CHD
| Household Products | $645.3M | 39% |
| Personal Care Products | $625.9M | 38% |
| Consumer International | $299.8M | 18% |
| Specialty Products Division | $73.2M | 4% |
HLF
| Others | $514.4M | 40% |
| Other | $300.0M | 23% |
| IN | $250.3M | 20% |
| MX | $147.2M | 11% |
| VN | $71.1M | 6% |
