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DLH Holdings Corp.（DLHC）与KELLY SERVICES INC（KELYA）财务数据对比。点击上方公司名可切换其他公司
KELLY SERVICES INC的季度营收约是DLH Holdings Corp.的17.3倍（$1.2B vs $68.9M）。KELLY SERVICES INC同比增速更快（-3.3% vs -24.1%）。KELLY SERVICES INC自由现金流更多（$13.0M vs $-4.8M）。过去两年KELLY SERVICES INC的营收复合增速更高（-3.1% vs -17.4%）
DLH Holdings Corp.是一家总部位于美国的政府服务供应商，主要为退伍军人事务部、国防部、卫生与公众服务部等联邦机构提供技术赋能的医疗、物流、工程及任务支持服务，同时服务部分州及地方公共部门客户。
凯利服务是1946年成立的美国跨国人力资源服务企业，总部位于密歇根州特洛伊市。公司可为金融服务、信息技术、法律等多个领域输送各层级雇员，核心业务涵盖人力资源管理咨询、业务外包、人才招聘、职业转型及供应商管理等专业服务。
DLHC vs KELYA — 直观对比
营收规模更大
KELYA
是对方的17.3倍
$68.9M
营收增速更快
KELYA
高出20.8%
-24.1%
自由现金流更多
KELYA
多$17.8M
$-4.8M
两年增速更快
KELYA
近两年复合增速
-17.4%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $68.9M | $1.2B |
| 净利润 | $-1.3M | — |
| 毛利率 | — | 20.3% |
| 营业利润率 | 2.1% | -4.8% |
| 净利率 | -1.9% | — |
| 营收同比 | -24.1% | -3.3% |
| 净利润同比 | -218.7% | — |
| 每股收益（稀释后） | $-0.09 | $-0.86 |
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DLHCKELYA
| Q4 25 | $68.9M | — | ||
| Q3 25 | $81.2M | — | ||
| Q2 25 | $83.3M | — | ||
| Q1 25 | $89.2M | — | ||
| Q4 24 | $90.8M | $1.2B | ||
| Q3 24 | $96.4M | $1.0B | ||
| Q2 24 | $100.7M | $1.1B | ||
| Q1 24 | $101.0M | $1.0B |
净利润DLHCKELYA
| Q4 25 | $-1.3M | — | ||
| Q3 25 | $-920.0K | — | ||
| Q2 25 | $289.0K | — | ||
| Q1 25 | $878.0K | — | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $2.3M | $800.0K | ||
| Q2 24 | $1.1M | $4.6M | ||
| Q1 24 | $1.8M | $25.8M |
毛利率DLHCKELYA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 20.3% | ||
| Q3 24 | — | 21.4% | ||
| Q2 24 | — | 20.2% | ||
| Q1 24 | — | 19.7% |
营业利润率DLHCKELYA
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.8% | — | ||
| Q2 25 | 4.5% | — | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | 6.2% | -4.8% | ||
| Q3 24 | 6.6% | 0.3% | ||
| Q2 24 | 5.7% | 1.2% | ||
| Q1 24 | 5.9% | 2.6% |
净利率DLHCKELYA
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.1% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 1.0% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 2.4% | 0.1% | ||
| Q2 24 | 1.1% | 0.4% | ||
| Q1 24 | 1.8% | 2.5% |
每股收益（稀释后）DLHCKELYA
| Q4 25 | $-0.09 | — | ||
| Q3 25 | $-0.07 | — | ||
| Q2 25 | $0.02 | — | ||
| Q1 25 | $0.06 | — | ||
| Q4 24 | $0.08 | $-0.86 | ||
| Q3 24 | $0.16 | $0.02 | ||
| Q2 24 | $0.08 | $0.12 | ||
| Q1 24 | $0.12 | $0.70 |
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 | $257.0K | $39.0M |
| 总债务越低越好 | $133.5M | $239.4M |
| 股东权益账面价值 | $112.2M | $1.2B |
| 总资产 | $283.5M | $2.6B |
| 负债/权益比越低杠杆越低 | 1.19× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资DLHCKELYA
| Q4 25 | $257.0K | — | ||
| Q3 25 | $125.0K | — | ||
| Q2 25 | $194.0K | — | ||
| Q1 25 | $196.0K | — | ||
| Q4 24 | $451.0K | $39.0M | ||
| Q3 24 | $342.0K | $32.8M | ||
| Q2 24 | $423.0K | $38.2M | ||
| Q1 24 | $238.0K | $200.7M |
总债务DLHCKELYA
| Q4 25 | $133.5M | — | ||
| Q3 25 | $128.0M | — | ||
| Q2 25 | $138.3M | — | ||
| Q1 25 | $147.3M | — | ||
| Q4 24 | $162.2M | $239.4M | ||
| Q3 24 | $149.4M | $228.2M | ||
| Q2 24 | $160.9M | $210.4M | ||
| Q1 24 | $164.8M | — |
股东权益DLHCKELYA
| Q4 25 | $112.2M | — | ||
| Q3 25 | $113.0M | — | ||
| Q2 25 | $113.7M | — | ||
| Q1 25 | $112.8M | — | ||
| Q4 24 | $111.4M | $1.2B | ||
| Q3 24 | $110.1M | $1.3B | ||
| Q2 24 | $108.6M | $1.3B | ||
| Q1 24 | $106.8M | $1.3B |
总资产DLHCKELYA
| Q4 25 | $283.5M | — | ||
| Q3 25 | $290.7M | — | ||
| Q2 25 | $299.3M | — | ||
| Q1 25 | $306.6M | — | ||
| Q4 24 | $325.0M | $2.6B | ||
| Q3 24 | $314.4M | $2.7B | ||
| Q2 24 | $325.0M | $2.6B | ||
| Q1 24 | $325.9M | $2.4B |
负债/权益比DLHCKELYA
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.31× | — | ||
| Q4 24 | 1.46× | 0.19× | ||
| Q3 24 | 1.36× | 0.18× | ||
| Q2 24 | 1.48× | 0.16× | ||
| Q1 24 | 1.54× | — |
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 | $-4.8M | $15.0M |
| 自由现金流经营现金流 - 资本支出 | $-4.8M | $13.0M |
| 自由现金流率自由现金流/营收 | -7.0% | 1.1% |
| 资本支出强度资本支出/营收 | 0.1% | 0.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $29.2M | $15.8M |
8季度趋势，按日历期对齐
经营现金流DLHCKELYA
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $10.7M | — | ||
| Q2 25 | $9.6M | — | ||
| Q1 25 | $14.5M | — | ||
| Q4 24 | $-11.5M | $15.0M | ||
| Q3 24 | $12.4M | $-20.3M | ||
| Q2 24 | $4.6M | $57.7M | ||
| Q1 24 | $5.2M | $-25.5M |
自由现金流DLHCKELYA
| Q4 25 | $-4.8M | — | ||
| Q3 25 | $10.7M | — | ||
| Q2 25 | $9.4M | — | ||
| Q1 25 | $14.0M | — | ||
| Q4 24 | $-12.1M | $13.0M | ||
| Q3 24 | $12.2M | $-22.7M | ||
| Q2 24 | $4.5M | $54.7M | ||
| Q1 24 | $4.9M | $-29.2M |
自由现金流率DLHCKELYA
| Q4 25 | -7.0% | — | ||
| Q3 25 | 13.1% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 15.6% | — | ||
| Q4 24 | -13.3% | 1.1% | ||
| Q3 24 | 12.7% | -2.2% | ||
| Q2 24 | 4.4% | 5.2% | ||
| Q1 24 | 4.9% | -2.8% |
资本支出强度DLHCKELYA
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.6% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.2% | 0.3% | ||
| Q1 24 | 0.3% | 0.4% |
现金转化率DLHCKELYA
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 33.12× | — | ||
| Q1 25 | 16.52× | — | ||
| Q4 24 | -10.35× | — | ||
| Q3 24 | 5.42× | -25.38× | ||
| Q2 24 | 4.06× | 12.54× | ||
| Q1 24 | 2.89× | -0.99× |
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
DLHC
| Sales Channel Directly To Consumer | $64.5M | 94% |
| Sales Channel Through Intermediary | $4.4M | 6% |
KELYA
| Science Engineering Technology | $295.8M | 25% |
| Education | $293.1M | 25% |
| Staffing Services | $237.7M | 20% |
| Other | $138.8M | 12% |
| Talent Solutions | $120.5M | 10% |
| Outcome Based Services | $103.6M | 9% |
| Permanent Placement | $1.6M | 0% |
