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FEDERATED HERMES, INC.（FHI）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
FEDERATED HERMES, INC.的季度营收约是RBC Bearings INC的1.0倍（$479.0M vs $461.6M），FEDERATED HERMES, INC.净利率更高（20.1% vs 14.6%，领先5.5%），RBC Bearings INC同比增速更快（17.0% vs -0.8%），过去两年FEDERATED HERMES, INC.的营收复合增速更高（9.1% vs 5.6%）
方德贺明是总部位于美国宾夕法尼亚州匹兹堡的投资管理机构，成立于1955年，1957年10月18日正式注册。截至2025年12月，公司受托管理客户资产规模达9026亿美元，可为客户提供股票、固定收益、另类/私募市场、多资产及流动性管理等多元投资策略，产品覆盖共同基金、ETF、独立账户、封闭式基金和集合投资基金等品类。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
FHI vs RBC — 直观对比
营收规模更大
FHI
是对方的1.0倍
$461.6M
营收增速更快
RBC
高出17.8%
-0.8%
净利率更高
FHI
高出5.5%
14.6%
两年增速更快
FHI
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $479.0M | $461.6M |
| 净利润 | $96.4M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 26.4% | 22.3% |
| 净利率 | 20.1% | 14.6% |
| 营收同比 | -0.8% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | — | $2.13 |
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FHIRBC
| Q1 26 | $479.0M | — | ||
| Q4 25 | $482.8M | $461.6M | ||
| Q3 25 | $469.4M | $455.3M | ||
| Q2 25 | $424.8M | $436.0M | ||
| Q1 25 | $423.5M | $437.7M | ||
| Q4 24 | $424.7M | $394.4M | ||
| Q3 24 | $408.5M | $397.9M | ||
| Q2 24 | $402.6M | $406.3M |
净利润FHIRBC
| Q1 26 | $96.4M | — | ||
| Q4 25 | $107.0M | $67.4M | ||
| Q3 25 | $104.1M | $60.0M | ||
| Q2 25 | $91.0M | $68.5M | ||
| Q1 25 | $101.1M | $72.7M | ||
| Q4 24 | $84.7M | $57.9M | ||
| Q3 24 | $87.5M | $54.2M | ||
| Q2 24 | $21.0M | $61.4M |
毛利率FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% |
营业利润率FHIRBC
| Q1 26 | 26.4% | — | ||
| Q4 25 | 28.1% | 22.3% | ||
| Q3 25 | 27.6% | 21.5% | ||
| Q2 25 | 27.6% | 23.2% | ||
| Q1 25 | 31.1% | 23.0% | ||
| Q4 24 | 26.0% | 21.7% | ||
| Q3 24 | 27.4% | 21.6% | ||
| Q2 24 | 10.1% | 24.0% |
净利率FHIRBC
| Q1 26 | 20.1% | — | ||
| Q4 25 | 22.2% | 14.6% | ||
| Q3 25 | 22.2% | 13.2% | ||
| Q2 25 | 21.4% | 15.7% | ||
| Q1 25 | 23.9% | 16.6% | ||
| Q4 24 | 19.9% | 14.7% | ||
| Q3 24 | 21.4% | 13.6% | ||
| Q2 24 | 5.2% | 15.1% |
每股收益（稀释后）FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | $1.38 | $2.13 | ||
| Q3 25 | $1.34 | $1.90 | ||
| Q2 25 | $1.16 | $2.17 | ||
| Q1 25 | $1.25 | $2.33 | ||
| Q4 24 | $1.08 | $1.82 | ||
| Q3 24 | $1.06 | $1.65 | ||
| Q2 24 | $0.20 | $1.90 |
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 | — | $107.6M |
| 总债务越低越好 | $348.4M | $990.2M |
| 股东权益账面价值 | $100.8B | $3.3B |
| 总资产 | $2.1B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | $582.5M | $107.6M | ||
| Q3 25 | $506.3M | $91.2M | ||
| Q2 25 | $371.0M | $132.9M | ||
| Q1 25 | $387.6M | $36.8M | ||
| Q4 24 | $504.4M | — | ||
| Q3 24 | $375.0M | — | ||
| Q2 24 | $307.4M | $76.8M |
总债务FHIRBC
| Q1 26 | $348.4M | — | ||
| Q4 25 | $348.4M | $990.2M | ||
| Q3 25 | $348.3M | $1.1B | ||
| Q2 25 | $348.2M | $915.6M | ||
| Q1 25 | $348.2M | $920.1M | ||
| Q4 24 | $348.1M | — | ||
| Q3 24 | $348.0M | — | ||
| Q2 24 | $348.0M | — |
股东权益FHIRBC
| Q1 26 | $100.8B | — | ||
| Q4 25 | $1.2B | $3.3B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.1B | $2.9B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.0B | $2.8B |
总资产FHIRBC
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.2B | $5.1B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.2B | $4.8B | ||
| Q1 25 | $2.0B | $4.7B | ||
| Q4 24 | $2.1B | $4.7B | ||
| Q3 24 | $2.0B | $4.7B | ||
| Q2 24 | $1.9B | $4.7B |
负债/权益比FHIRBC
| Q1 26 | 0.00× | — | ||
| Q4 25 | 0.29× | 0.30× | ||
| Q3 25 | 0.29× | 0.34× | ||
| Q2 25 | 0.31× | 0.29× | ||
| Q1 25 | 0.32× | 0.30× | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.32× | — | ||
| Q2 24 | 0.34× | — |
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 | — | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | $297.3M | $122.1M | ||
| Q3 25 | $103.1M | $88.4M | ||
| Q2 25 | $18.8M | $120.0M | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $346.6M | $84.0M | ||
| Q3 24 | $117.1M | — | ||
| Q2 24 | $88.7M | $97.4M |
自由现金流FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | $294.6M | $99.1M | ||
| Q3 25 | $101.6M | $71.7M | ||
| Q2 25 | $18.0M | $104.3M | ||
| Q1 25 | $13.3M | — | ||
| Q4 24 | $342.5M | $73.6M | ||
| Q3 24 | $114.1M | — | ||
| Q2 24 | $82.7M | $88.4M |
自由现金流率FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | 61.0% | 21.5% | ||
| Q3 25 | 21.6% | 15.7% | ||
| Q2 25 | 4.2% | 23.9% | ||
| Q1 25 | 3.1% | — | ||
| Q4 24 | 80.7% | 18.7% | ||
| Q3 24 | 27.9% | — | ||
| Q2 24 | 20.5% | 21.8% |
资本支出强度FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 5.0% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 0.2% | 3.6% | ||
| Q1 25 | 0.2% | 3.2% | ||
| Q4 24 | 0.9% | 2.6% | ||
| Q3 24 | 0.7% | 4.1% | ||
| Q2 24 | 1.5% | 2.2% |
现金转化率FHIRBC
| Q1 26 | — | — | ||
| Q4 25 | 2.78× | 1.81× | ||
| Q3 25 | 0.99× | 1.47× | ||
| Q2 25 | 0.21× | 1.75× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.09× | 1.45× | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 4.22× | 1.59× |
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
FHI
| Investment advisory fees, net | $319.4M | 67% |
| Administrative service fees, net-affiliates | $110.3M | 23% |
| Other | $49.3M | 10% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
