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CLEAN HARBORS INC（CLH）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是CLEAN HARBORS INC的1.3倍（$1.9B vs $1.5B），RPM INTERNATIONAL INC净利率更高（8.4% vs 5.8%，领先2.7%），CLEAN HARBORS INC同比增速更快（4.8% vs 3.5%），RPM INTERNATIONAL INC自由现金流更多（$296.4M vs $233.3M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% vs 4.4%）
总部位于美国马萨诸塞州诺韦尔的Clean Harbors是专业的商业客户废弃物管理与工业服务提供商，主营危险废弃物的收集、运输、处理及处置业务，同时提供非危险废弃物相关服务，目前在美加两国拥有870个运营网点，及包含焚烧厂、填埋场在内的100余座废弃物处置设施。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
CLH vs RPM — 直观对比
营收规模更大
RPM
是对方的1.3倍
$1.5B
营收增速更快
CLH
高出1.3%
3.5%
净利率更高
RPM
高出2.7%
5.8%
自由现金流更多
RPM
多$63.0M
$233.3M
两年增速更快
RPM
近两年复合增速
4.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.9B |
| 净利润 | $86.6M | $161.2M |
| 毛利率 | 30.6% | 40.8% |
| 营业利润率 | 10.6% | 11.0% |
| 净利率 | 5.8% | 8.4% |
| 营收同比 | 4.8% | 3.5% |
| 净利润同比 | 3.1% | -12.0% |
| 每股收益（稀释后） | $1.62 | $1.26 |
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CLHRPM
| Q4 25 | $1.5B | $1.9B | ||
| Q3 25 | $1.5B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.8B | ||
| Q3 24 | $1.5B | $2.0B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.4B | $1.5B |
净利润CLHRPM
| Q4 25 | $86.6M | $161.2M | ||
| Q3 25 | $118.8M | $227.6M | ||
| Q2 25 | $126.9M | $225.8M | ||
| Q1 25 | $58.7M | $52.0M | ||
| Q4 24 | $84.0M | $183.2M | ||
| Q3 24 | $115.2M | $227.7M | ||
| Q2 24 | $133.3M | $180.6M | ||
| Q1 24 | $69.8M | $61.2M |
毛利率CLHRPM
| Q4 25 | 30.6% | 40.8% | ||
| Q3 25 | 32.3% | 42.3% | ||
| Q2 25 | 33.3% | 42.4% | ||
| Q1 25 | 28.6% | 38.4% | ||
| Q4 24 | 29.9% | 41.4% | ||
| Q3 24 | 31.0% | 42.5% | ||
| Q2 24 | 33.3% | 41.4% | ||
| Q1 24 | 29.5% | 39.9% |
营业利润率CLHRPM
| Q4 25 | 10.6% | 11.0% | ||
| Q3 25 | 12.5% | 14.1% | ||
| Q2 25 | 13.6% | 11.9% | ||
| Q1 25 | 7.8% | 2.8% | ||
| Q4 24 | 9.6% | 11.5% | ||
| Q3 24 | 12.6% | 14.8% | ||
| Q2 24 | 13.9% | 11.9% | ||
| Q1 24 | 9.1% | 5.5% |
净利率CLHRPM
| Q4 25 | 5.8% | 8.4% | ||
| Q3 25 | 7.7% | 10.8% | ||
| Q2 25 | 8.2% | 10.8% | ||
| Q1 25 | 4.1% | 3.5% | ||
| Q4 24 | 5.9% | 9.9% | ||
| Q3 24 | 7.5% | 11.6% | ||
| Q2 24 | 8.6% | 9.0% | ||
| Q1 24 | 5.1% | 4.0% |
每股收益（稀释后）CLHRPM
| Q4 25 | $1.62 | $1.26 | ||
| Q3 25 | $2.21 | $1.77 | ||
| Q2 25 | $2.36 | $1.76 | ||
| Q1 25 | $1.09 | $0.40 | ||
| Q4 24 | $1.55 | $1.42 | ||
| Q3 24 | $2.12 | $1.77 | ||
| Q2 24 | $2.46 | $1.40 | ||
| Q1 24 | $1.29 | $0.47 |
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 | $127.4M | $316.6M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $2.7B | $3.1B |
| 总资产 | $7.6B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资CLHRPM
| Q4 25 | $127.4M | $316.6M | ||
| Q3 25 | $91.2M | $297.1M | ||
| Q2 25 | $98.9M | $302.1M | ||
| Q1 25 | $105.9M | $241.9M | ||
| Q4 24 | $102.6M | $268.7M | ||
| Q3 24 | $82.4M | $231.6M | ||
| Q2 24 | $91.3M | $237.4M | ||
| Q1 24 | $104.8M | $248.9M |
总债务CLHRPM
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.7B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.0B | ||
| Q1 24 | — | $2.2B |
股东权益CLHRPM
| Q4 25 | $2.7B | $3.1B | ||
| Q3 25 | $2.8B | $3.1B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.6B | $2.7B | ||
| Q4 24 | $2.6B | $2.7B | ||
| Q3 24 | $2.5B | $2.6B | ||
| Q2 24 | $2.4B | $2.5B | ||
| Q1 24 | $2.3B | $2.3B |
总资产CLHRPM
| Q4 25 | $7.6B | $7.9B | ||
| Q3 25 | $7.5B | $7.9B | ||
| Q2 25 | $7.4B | $7.8B | ||
| Q1 25 | $7.2B | $6.6B | ||
| Q4 24 | $7.4B | $6.7B | ||
| Q3 24 | $7.3B | $6.6B | ||
| Q2 24 | $7.1B | $6.6B | ||
| Q1 24 | $6.9B | $6.4B |
负债/权益比CLHRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $355.1M | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $233.3M | $296.4M |
| 自由现金流率自由现金流/营收 | 15.6% | 15.5% |
| 资本支出强度资本支出/营收 | 8.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 4.10× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $441.8M | $582.9M |
8季度趋势，按日历期对齐
经营现金流CLHRPM
| Q4 25 | $355.1M | $345.7M | ||
| Q3 25 | $302.0M | $237.5M | ||
| Q2 25 | $208.0M | $149.2M | ||
| Q1 25 | $1.6M | $91.5M | ||
| Q4 24 | $303.9M | $279.4M | ||
| Q3 24 | $239.2M | $248.1M | ||
| Q2 24 | $216.0M | $181.2M | ||
| Q1 24 | $18.5M | $173.4M |
自由现金流CLHRPM
| Q4 25 | $233.3M | $296.4M | ||
| Q3 25 | $207.5M | $175.0M | ||
| Q2 25 | $118.0M | $78.2M | ||
| Q1 25 | $-117.1M | $33.3M | ||
| Q4 24 | $241.5M | $229.5M | ||
| Q3 24 | $142.4M | $197.3M | ||
| Q2 24 | $80.9M | $105.3M | ||
| Q1 24 | $-119.4M | $124.6M |
自由现金流率CLHRPM
| Q4 25 | 15.6% | 15.5% | ||
| Q3 25 | 13.4% | 8.3% | ||
| Q2 25 | 7.6% | 3.8% | ||
| Q1 25 | -8.2% | 2.3% | ||
| Q4 24 | 16.9% | 12.4% | ||
| Q3 24 | 9.3% | 10.0% | ||
| Q2 24 | 5.2% | 5.2% | ||
| Q1 24 | -8.7% | 8.2% |
资本支出强度CLHRPM
| Q4 25 | 8.1% | 2.6% | ||
| Q3 25 | 6.1% | 3.0% | ||
| Q2 25 | 5.8% | 3.4% | ||
| Q1 25 | 8.3% | 3.9% | ||
| Q4 24 | 4.4% | 2.7% | ||
| Q3 24 | 6.3% | 2.6% | ||
| Q2 24 | 8.7% | 3.8% | ||
| Q1 24 | 10.0% | 3.2% |
现金转化率CLHRPM
| Q4 25 | 4.10× | 2.14× | ||
| Q3 25 | 2.54× | 1.04× | ||
| Q2 25 | 1.64× | 0.66× | ||
| Q1 25 | 0.03× | 1.76× | ||
| Q4 24 | 3.62× | 1.53× | ||
| Q3 24 | 2.08× | 1.09× | ||
| Q2 24 | 1.62× | 1.00× | ||
| Q1 24 | 0.27× | 2.83× |
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
CLH
| Technical Services | $479.3M | 32% |
| Safetly Kleen Environmental Services | $252.9M | 17% |
| Fieldand Emergency Response | $246.6M | 16% |
| Products | $205.3M | 14% |
| Safety Kleen Sustainability Solutions Segment | $188.4M | 13% |
| Safety Kleen Oil | $132.6M | 9% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
