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DLH Holdings Corp.（DLHC）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DLH Holdings Corp.的18.9倍（$1.3B vs $68.9M）。罗致恒富同比增速更快（-5.8% vs -24.1%）。罗致恒富自由现金流更多（$170.8M vs $-4.8M）。过去两年罗致恒富的营收复合增速更高（-6.1% 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。
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。
DLHC vs RHI — 直观对比
营收规模更大
RHI
是对方的18.9倍
$68.9M
营收增速更快
RHI
高出18.3%
-24.1%
自由现金流更多
RHI
多$175.6M
$-4.8M
两年增速更快
RHI
近两年复合增速
-17.4%
损益表 — Q1 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $68.9M | $1.3B |
| 净利润 | $-1.3M | — |
| 毛利率 | — | 37.6% |
| 营业利润率 | 2.1% | 1.7% |
| 净利率 | -1.9% | — |
| 营收同比 | -24.1% | -5.8% |
| 净利润同比 | -218.7% | — |
| 每股收益（稀释后） | $-0.09 | $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DLHCRHI
| Q4 25 | $68.9M | $1.3B | ||
| Q3 25 | $81.2M | $1.4B | ||
| Q2 25 | $83.3M | $1.4B | ||
| Q1 25 | $89.2M | $1.4B | ||
| Q4 24 | $90.8M | $1.4B | ||
| Q3 24 | $96.4M | $1.5B | ||
| Q2 24 | $100.7M | $1.5B | ||
| Q1 24 | $101.0M | $1.5B |
净利润DLHCRHI
| Q4 25 | $-1.3M | — | ||
| Q3 25 | $-920.0K | $42.9M | ||
| Q2 25 | $289.0K | $41.0M | ||
| Q1 25 | $878.0K | $17.4M | ||
| Q4 24 | $1.1M | — | ||
| Q3 24 | $2.3M | $65.5M | ||
| Q2 24 | $1.1M | $68.2M | ||
| Q1 24 | $1.8M | $63.7M |
毛利率DLHCRHI
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 38.1% |
营业利润率DLHCRHI
| Q4 25 | 2.1% | 1.7% | ||
| Q3 25 | 2.8% | 1.0% | ||
| Q2 25 | 4.5% | 0.1% | ||
| Q1 25 | 5.7% | 2.9% | ||
| Q4 24 | 6.2% | 4.7% | ||
| Q3 24 | 6.6% | 4.1% | ||
| Q2 24 | 5.7% | 5.1% | ||
| Q1 24 | 5.9% | 2.8% |
净利率DLHCRHI
| Q4 25 | -1.9% | — | ||
| Q3 25 | -1.1% | 3.2% | ||
| Q2 25 | 0.3% | 3.0% | ||
| Q1 25 | 1.0% | 1.3% | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 2.4% | 4.5% | ||
| Q2 24 | 1.1% | 4.6% | ||
| Q1 24 | 1.8% | 4.3% |
每股收益（稀释后）DLHCRHI
| Q4 25 | $-0.09 | $0.32 | ||
| Q3 25 | $-0.07 | $0.43 | ||
| Q2 25 | $0.02 | $0.41 | ||
| Q1 25 | $0.06 | $0.17 | ||
| Q4 24 | $0.08 | $0.53 | ||
| Q3 24 | $0.16 | $0.64 | ||
| Q2 24 | $0.08 | $0.66 | ||
| Q1 24 | $0.12 | $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 | $257.0K | $464.4M |
| 总债务越低越好 | $133.5M | — |
| 股东权益账面价值 | $112.2M | $1.3B |
| 总资产 | $283.5M | $2.9B |
| 负债/权益比越低杠杆越低 | 1.19× | — |
8季度趋势，按日历期对齐
现金及短期投资DLHCRHI
| Q4 25 | $257.0K | $464.4M | ||
| Q3 25 | $125.0K | $365.3M | ||
| Q2 25 | $194.0K | $380.5M | ||
| Q1 25 | $196.0K | $342.5M | ||
| Q4 24 | $451.0K | $537.6M | ||
| Q3 24 | $342.0K | $570.5M | ||
| Q2 24 | $423.0K | $547.4M | ||
| Q1 24 | $238.0K | $540.9M |
总债务DLHCRHI
| Q4 25 | $133.5M | — | ||
| Q3 25 | $128.0M | — | ||
| Q2 25 | $138.3M | — | ||
| Q1 25 | $147.3M | — | ||
| Q4 24 | $162.2M | — | ||
| Q3 24 | $149.4M | — | ||
| Q2 24 | $160.9M | — | ||
| Q1 24 | $164.8M | — |
股东权益DLHCRHI
| Q4 25 | $112.2M | $1.3B | ||
| Q3 25 | $113.0M | $1.3B | ||
| Q2 25 | $113.7M | $1.3B | ||
| Q1 25 | $112.8M | $1.3B | ||
| Q4 24 | $111.4M | $1.4B | ||
| Q3 24 | $110.1M | $1.5B | ||
| Q2 24 | $108.6M | $1.5B | ||
| Q1 24 | $106.8M | $1.5B |
总资产DLHCRHI
| Q4 25 | $283.5M | $2.9B | ||
| Q3 25 | $290.7M | $2.8B | ||
| Q2 25 | $299.3M | $2.8B | ||
| Q1 25 | $306.6M | $2.7B | ||
| Q4 24 | $325.0M | $2.9B | ||
| Q3 24 | $314.4M | $3.0B | ||
| Q2 24 | $325.0M | $2.9B | ||
| Q1 24 | $325.9M | $2.9B |
负债/权益比DLHCRHI
| Q4 25 | 1.19× | — | ||
| Q3 25 | 1.13× | — | ||
| Q2 25 | 1.22× | — | ||
| Q1 25 | 1.31× | — | ||
| Q4 24 | 1.46× | — | ||
| Q3 24 | 1.36× | — | ||
| Q2 24 | 1.48× | — | ||
| 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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $-4.8M | $170.8M |
| 自由现金流率自由现金流/营收 | -7.0% | 13.1% |
| 资本支出强度资本支出/营收 | 0.1% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流DLHCRHI
| Q4 25 | $-4.8M | $182.5M | ||
| Q3 25 | $10.7M | $77.4M | ||
| Q2 25 | $9.6M | $119.4M | ||
| Q1 25 | $14.5M | $-59.3M | ||
| Q4 24 | $-11.5M | $154.8M | ||
| Q3 24 | $12.4M | $129.6M | ||
| Q2 24 | $4.6M | $142.0M | ||
| Q1 24 | $5.2M | $-15.9M |
自由现金流DLHCRHI
| Q4 25 | $-4.8M | $170.8M | ||
| Q3 25 | $10.7M | $63.6M | ||
| Q2 25 | $9.4M | $104.2M | ||
| Q1 25 | $14.0M | $-71.7M | ||
| Q4 24 | $-12.1M | $140.5M | ||
| Q3 24 | $12.2M | $111.8M | ||
| Q2 24 | $4.5M | $129.6M | ||
| Q1 24 | $4.9M | $-27.7M |
自由现金流率DLHCRHI
| Q4 25 | -7.0% | 13.1% | ||
| Q3 25 | 13.1% | 4.7% | ||
| Q2 25 | 11.2% | 7.6% | ||
| Q1 25 | 15.6% | -5.3% | ||
| Q4 24 | -13.3% | 10.2% | ||
| Q3 24 | 12.7% | 7.6% | ||
| Q2 24 | 4.4% | 8.8% | ||
| Q1 24 | 4.9% | -1.9% |
资本支出强度DLHCRHI
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.3% | 1.1% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 0.6% | 1.0% | ||
| Q3 24 | 0.2% | 1.2% | ||
| Q2 24 | 0.2% | 0.8% | ||
| Q1 24 | 0.3% | 0.8% |
现金转化率DLHCRHI
| Q4 25 | — | — | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | 33.12× | 2.91× | ||
| Q1 25 | 16.52× | -3.42× | ||
| Q4 24 | -10.35× | — | ||
| Q3 24 | 5.42× | 1.98× | ||
| Q2 24 | 4.06× | 2.08× | ||
| Q1 24 | 2.89× | -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
DLHC
| Sales Channel Directly To Consumer | $64.5M | 94% |
| Sales Channel Through Intermediary | $4.4M | 6% |
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% |
