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Designer Brands Inc.（DBI）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Designer Brands Inc.的1.7倍（$1.3B vs $752.4M），Designer Brands Inc.同比增速更快（-3.2% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $57.5M），过去两年Designer Brands Inc.的营收复合增速更高（-0.1% vs -6.1%）
Designer Brands Inc.是一家美国鞋履及时尚配饰零售商，主打销售设计师品牌与知名品牌商品，旗下拥有知名连锁零售品牌DSW（设计师鞋履仓库），目前在美国经营超过500家线下门店，同时运营线上电商平台。
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。
DBI vs RHI — 直观对比
营收规模更大
RHI
是对方的1.7倍
$752.4M
营收增速更快
DBI
高出2.6%
-5.8%
自由现金流更多
RHI
多$113.3M
$57.5M
两年增速更快
DBI
近两年复合增速
-6.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $752.4M | $1.3B |
| 净利润 | $18.2M | — |
| 毛利率 | 45.1% | 37.6% |
| 营业利润率 | 5.7% | 1.7% |
| 净利率 | 2.4% | — |
| 营收同比 | -3.2% | -5.8% |
| 净利润同比 | 40.0% | — |
| 每股收益（稀释后） | $0.35 | $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DBIRHI
| Q4 25 | $752.4M | $1.3B | ||
| Q3 25 | $739.8M | $1.4B | ||
| Q2 25 | $686.9M | $1.4B | ||
| Q1 25 | $713.6M | $1.4B | ||
| Q4 24 | $777.2M | $1.4B | ||
| Q3 24 | $771.9M | $1.5B | ||
| Q2 24 | $746.6M | $1.5B | ||
| Q1 24 | $754.3M | $1.5B |
净利润DBIRHI
| Q4 25 | $18.2M | — | ||
| Q3 25 | $10.8M | $42.9M | ||
| Q2 25 | $-17.4M | $41.0M | ||
| Q1 25 | $-38.2M | $17.4M | ||
| Q4 24 | $13.0M | — | ||
| Q3 24 | $13.8M | $65.5M | ||
| Q2 24 | $783.0K | $68.2M | ||
| Q1 24 | $-29.6M | $63.7M |
毛利率DBIRHI
| Q4 25 | 45.1% | 37.6% | ||
| Q3 25 | 43.7% | 37.2% | ||
| Q2 25 | 43.0% | 37.2% | ||
| Q1 25 | 75.7% | 36.9% | ||
| Q4 24 | 43.0% | 38.8% | ||
| Q3 24 | 44.0% | 39.0% | ||
| Q2 24 | 44.2% | 39.2% | ||
| Q1 24 | 38.8% | 38.1% |
营业利润率DBIRHI
| Q4 25 | 5.7% | 1.7% | ||
| Q3 25 | 3.6% | 1.0% | ||
| Q2 25 | -1.1% | 0.1% | ||
| Q1 25 | -3.6% | 2.9% | ||
| Q4 24 | 2.9% | 4.7% | ||
| Q3 24 | 3.7% | 4.1% | ||
| Q2 24 | 1.3% | 5.1% | ||
| Q1 24 | -4.8% | 2.8% |
净利率DBIRHI
| Q4 25 | 2.4% | — | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | -2.5% | 3.0% | ||
| Q1 25 | -5.3% | 1.3% | ||
| Q4 24 | 1.7% | — | ||
| Q3 24 | 1.8% | 4.5% | ||
| Q2 24 | 0.1% | 4.6% | ||
| Q1 24 | -3.9% | 4.3% |
每股收益（稀释后）DBIRHI
| Q4 25 | $0.35 | $0.32 | ||
| Q3 25 | $0.22 | $0.43 | ||
| Q2 25 | $-0.36 | $0.41 | ||
| Q1 25 | $-0.69 | $0.17 | ||
| Q4 24 | $0.24 | $0.53 | ||
| Q3 24 | $0.24 | $0.64 | ||
| Q2 24 | $0.01 | $0.66 | ||
| Q1 24 | $-899.54 | $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 | $51.4M | $464.4M |
| 总债务越低越好 | $463.1M | — |
| 股东权益账面价值 | $298.6M | $1.3B |
| 总资产 | $2.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 1.55× | — |
8季度趋势，按日历期对齐
现金及短期投资DBIRHI
| Q4 25 | $51.4M | $464.4M | ||
| Q3 25 | $44.9M | $365.3M | ||
| Q2 25 | $46.0M | $380.5M | ||
| Q1 25 | $44.8M | $342.5M | ||
| Q4 24 | $36.2M | $537.6M | ||
| Q3 24 | $38.8M | $570.5M | ||
| Q2 24 | $43.4M | $547.4M | ||
| Q1 24 | $49.2M | $540.9M |
总债务DBIRHI
| Q4 25 | $463.1M | — | ||
| Q3 25 | $509.6M | — | ||
| Q2 25 | $516.2M | — | ||
| Q1 25 | $484.3M | — | ||
| Q4 24 | $529.6M | — | ||
| Q3 24 | $459.0M | — | ||
| Q2 24 | $469.3M | — | ||
| Q1 24 | $420.3M | — |
股东权益DBIRHI
| Q4 25 | $298.6M | $1.3B | ||
| Q3 25 | $280.8M | $1.3B | ||
| Q2 25 | $266.9M | $1.3B | ||
| Q1 25 | $278.5M | $1.3B | ||
| Q4 24 | $318.5M | $1.4B | ||
| Q3 24 | $355.5M | $1.5B | ||
| Q2 24 | $358.5M | $1.5B | ||
| Q1 24 | $359.2M | $1.5B |
总资产DBIRHI
| Q4 25 | $2.1B | $2.9B | ||
| Q3 25 | $2.1B | $2.8B | ||
| Q2 25 | $2.1B | $2.8B | ||
| Q1 25 | $2.0B | $2.7B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.1B | $3.0B | ||
| Q2 24 | $2.2B | $2.9B | ||
| Q1 24 | $2.1B | $2.9B |
负债/权益比DBIRHI
| Q4 25 | 1.55× | — | ||
| Q3 25 | 1.81× | — | ||
| Q2 25 | 1.93× | — | ||
| Q1 25 | 1.74× | — | ||
| Q4 24 | 1.66× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.31× | — | ||
| Q1 24 | 1.17× | — |
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 | $66.5M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $57.5M | $170.8M |
| 自由现金流率自由现金流/营收 | 7.6% | 13.1% |
| 资本支出强度资本支出/营收 | 1.2% | 0.9% |
| 现金转化率经营现金流/净利润 | 3.65× | — |
| 过去12个月自由现金流最近4个季度 | $99.9M | $266.8M |
8季度趋势，按日历期对齐
经营现金流DBIRHI
| Q4 25 | $66.5M | $182.5M | ||
| Q3 25 | $21.4M | $77.4M | ||
| Q2 25 | $-20.4M | $119.4M | ||
| Q1 25 | $70.1M | $-59.3M | ||
| Q4 24 | $-9.8M | $154.8M | ||
| Q3 24 | $41.6M | $129.6M | ||
| Q2 24 | $-19.7M | $142.0M | ||
| Q1 24 | $-40.1M | $-15.9M |
自由现金流DBIRHI
| Q4 25 | $57.5M | $170.8M | ||
| Q3 25 | $11.9M | $63.6M | ||
| Q2 25 | $-27.6M | $104.2M | ||
| Q1 25 | $58.1M | $-71.7M | ||
| Q4 24 | $-19.2M | $140.5M | ||
| Q3 24 | $28.0M | $111.8M | ||
| Q2 24 | $-35.6M | $129.6M | ||
| Q1 24 | $-52.8M | $-27.7M |
自由现金流率DBIRHI
| Q4 25 | 7.6% | 13.1% | ||
| Q3 25 | 1.6% | 4.7% | ||
| Q2 25 | -4.0% | 7.6% | ||
| Q1 25 | 8.1% | -5.3% | ||
| Q4 24 | -2.5% | 10.2% | ||
| Q3 24 | 3.6% | 7.6% | ||
| Q2 24 | -4.8% | 8.8% | ||
| Q1 24 | -7.0% | -1.9% |
资本支出强度DBIRHI
| Q4 25 | 1.2% | 0.9% | ||
| Q3 25 | 1.3% | 1.0% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 1.2% | 1.0% | ||
| Q3 24 | 1.8% | 1.2% | ||
| Q2 24 | 2.1% | 0.8% | ||
| Q1 24 | 1.7% | 0.8% |
现金转化率DBIRHI
| Q4 25 | 3.65× | — | ||
| Q3 25 | 1.98× | 1.80× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | -3.42× | ||
| Q4 24 | -0.75× | — | ||
| Q3 24 | 3.01× | 1.98× | ||
| Q2 24 | -25.13× | 2.08× | ||
| Q1 24 | — | -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
DBI
| Womens | $280.7M | 37% |
| Athletic Footwear | $188.6M | 25% |
| Wholesale | $89.8M | 12% |
| Canada Retail Segment | $77.3M | 10% |
| Mens | $76.1M | 10% |
| Kids | $24.2M | 3% |
| Commission Income | $10.8M | 1% |
| Directto Consumer | $1.3M | 0% |
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% |
