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FIRST HORIZON CORP（FHN）与诺信（NDSN）财务数据对比。点击上方公司名可切换其他公司
FIRST HORIZON CORP的季度营收约是诺信的1.2倍（$888.0M vs $751.8M），FIRST HORIZON CORP净利率更高（29.4% vs 20.2%，领先9.2%），FIRST HORIZON CORP同比增速更快（21.8% vs 1.0%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $193.9M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs 9.0%）
第一地平线公司（前身为第一田纳西银行）是一家成立于1864年的金融服务企业，总部位于美国田纳西州孟菲斯市。该公司通过旗下子公司第一地平线银行开展业务，网点覆盖美国东南部12个州，是该区域第四大区域性银行。
诺信（Nordson Corporation）是总部位于美国的跨国企业，专业设计生产民用及工业场景使用的胶粘剂、密封剂、涂料喷涂设备，同时生产电子元器件检测设备、固化及表面处理技术系统，还布局了医疗设备与组件技术相关业务。
FHN vs NDSN — 直观对比
营收规模更大
FHN
是对方的1.2倍
$751.8M
营收增速更快
FHN
高出20.8%
1.0%
净利率更高
FHN
高出9.2%
20.2%
自由现金流更多
FHN
多$195.1M
$193.9M
两年增速更快
FHN
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $751.8M |
| 净利润 | $261.0M | $151.6M |
| 毛利率 | — | 56.3% |
| 营业利润率 | 38.5% | 28.5% |
| 净利率 | 29.4% | 20.2% |
| 营收同比 | 21.8% | 1.0% |
| 净利润同比 | 57.2% | 24.1% |
| 每股收益（稀释后） | $0.51 | $2.67 |
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FHNNDSN
| Q4 25 | $888.0M | $751.8M | ||
| Q3 25 | $889.0M | $741.5M | ||
| Q2 25 | $830.0M | $682.9M | ||
| Q1 25 | $812.0M | $615.4M | ||
| Q4 24 | $729.0M | $744.5M | ||
| Q3 24 | $827.0M | $661.6M | ||
| Q2 24 | — | $650.6M | ||
| Q1 24 | $819.0M | $633.2M |
净利润FHNNDSN
| Q4 25 | $261.0M | $151.6M | ||
| Q3 25 | $262.0M | $125.8M | ||
| Q2 25 | $241.0M | $112.4M | ||
| Q1 25 | $218.0M | $94.7M | ||
| Q4 24 | $166.0M | $122.2M | ||
| Q3 24 | $218.0M | $117.3M | ||
| Q2 24 | — | $118.2M | ||
| Q1 24 | $192.0M | $109.6M |
毛利率FHNNDSN
| Q4 25 | — | 56.3% | ||
| Q3 25 | — | 54.8% | ||
| Q2 25 | — | 54.7% | ||
| Q1 25 | — | 54.6% | ||
| Q4 24 | — | 54.1% | ||
| Q3 24 | — | 55.8% | ||
| Q2 24 | — | 56.2% | ||
| Q1 24 | — | 55.0% |
营业利润率FHNNDSN
| Q4 25 | 38.5% | 28.5% | ||
| Q3 25 | 38.7% | 25.3% | ||
| Q2 25 | 37.2% | 24.7% | ||
| Q1 25 | 35.1% | 22.9% | ||
| Q4 24 | 28.8% | 24.0% | ||
| Q3 24 | 34.0% | 25.3% | ||
| Q2 24 | — | 25.9% | ||
| Q1 24 | 31.0% | 25.2% |
净利率FHNNDSN
| Q4 25 | 29.4% | 20.2% | ||
| Q3 25 | 29.5% | 17.0% | ||
| Q2 25 | 29.0% | 16.5% | ||
| Q1 25 | 26.8% | 15.4% | ||
| Q4 24 | 22.8% | 16.4% | ||
| Q3 24 | 26.4% | 17.7% | ||
| Q2 24 | — | 18.2% | ||
| Q1 24 | 23.4% | 17.3% |
每股收益（稀释后）FHNNDSN
| Q4 25 | $0.51 | $2.67 | ||
| Q3 25 | $0.50 | $2.22 | ||
| Q2 25 | $0.45 | $1.97 | ||
| Q1 25 | $0.41 | $1.65 | ||
| Q4 24 | $0.29 | $2.12 | ||
| Q3 24 | $0.40 | $2.04 | ||
| Q2 24 | — | $2.05 | ||
| Q1 24 | $0.33 | $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 | — | $108.4M |
| 总债务越低越好 | — | $2.0B |
| 股东权益账面价值 | $8.8B | $3.0B |
| 总资产 | $83.9B | $5.9B |
| 负债/权益比越低杠杆越低 | — | 0.66× |
8季度趋势，按日历期对齐
现金及短期投资FHNNDSN
| Q4 25 | — | $108.4M | ||
| Q3 25 | — | $147.8M | ||
| Q2 25 | — | $130.2M | ||
| Q1 25 | — | $130.4M | ||
| Q4 24 | — | $116.0M | ||
| Q3 24 | — | $165.3M | ||
| Q2 24 | — | $125.4M | ||
| Q1 24 | — | $136.2M |
总债务FHNNDSN
| Q4 25 | — | $2.0B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.6B |
股东权益FHNNDSN
| Q4 25 | $8.8B | $3.0B | ||
| Q3 25 | $8.9B | $3.0B | ||
| Q2 25 | $9.0B | $3.0B | ||
| Q1 25 | $8.7B | $2.9B | ||
| Q4 24 | $8.8B | $2.9B | ||
| Q3 24 | $9.0B | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | $8.9B | $2.7B |
总资产FHNNDSN
| Q4 25 | $83.9B | $5.9B | ||
| Q3 25 | $83.2B | $6.0B | ||
| Q2 25 | $82.1B | $6.1B | ||
| Q1 25 | $81.5B | $5.9B | ||
| Q4 24 | $82.2B | $6.0B | ||
| Q3 24 | $82.6B | $5.2B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | $81.8B | $5.2B |
负债/权益比FHNNDSN
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.71× | ||
| Q2 25 | — | 0.74× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 0.52× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | — | 0.60× |
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 | $396.0M | $202.9M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $193.9M |
| 自由现金流率自由现金流/营收 | 43.8% | 25.8% |
| 资本支出强度资本支出/营收 | 0.8% | 1.2% |
| 现金转化率经营现金流/净利润 | 1.52× | 1.34× |
| 过去12个月自由现金流最近4个季度 | $595.0M | $661.1M |
8季度趋势，按日历期对齐
经营现金流FHNNDSN
| Q4 25 | $396.0M | $202.9M | ||
| Q3 25 | $-200.0M | $238.0M | ||
| Q2 25 | $83.0M | $119.2M | ||
| Q1 25 | $349.0M | $159.1M | ||
| Q4 24 | $191.0M | $96.4M | ||
| Q3 24 | $389.0M | $164.8M | ||
| Q2 24 | — | $122.6M | ||
| Q1 24 | $838.0M | $172.4M |
自由现金流FHNNDSN
| Q4 25 | $389.0M | $193.9M | ||
| Q3 25 | $-208.0M | $226.4M | ||
| Q2 25 | $74.0M | $103.1M | ||
| Q1 25 | $340.0M | $137.7M | ||
| Q4 24 | $174.0M | $75.8M | ||
| Q3 24 | $383.0M | $143.0M | ||
| Q2 24 | — | $108.2M | ||
| Q1 24 | $828.0M | $164.8M |
自由现金流率FHNNDSN
| Q4 25 | 43.8% | 25.8% | ||
| Q3 25 | -23.4% | 30.5% | ||
| Q2 25 | 8.9% | 15.1% | ||
| Q1 25 | 41.9% | 22.4% | ||
| Q4 24 | 23.9% | 10.2% | ||
| Q3 24 | 46.3% | 21.6% | ||
| Q2 24 | — | 16.6% | ||
| Q1 24 | 101.1% | 26.0% |
资本支出强度FHNNDSN
| Q4 25 | 0.8% | 1.2% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 1.1% | 2.3% | ||
| Q1 25 | 1.1% | 3.5% | ||
| Q4 24 | 2.3% | 2.8% | ||
| Q3 24 | 0.7% | 3.3% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 1.2% | 1.2% |
现金转化率FHNNDSN
| Q4 25 | 1.52× | 1.34× | ||
| Q3 25 | -0.76× | 1.89× | ||
| Q2 25 | 0.34× | 1.06× | ||
| Q1 25 | 1.60× | 1.68× | ||
| Q4 24 | 1.15× | 0.79× | ||
| Q3 24 | 1.78× | 1.41× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | 4.36× | 1.57× |
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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
NDSN
| Advanced Technology Systems | $624.5M | 83% |
| Other | $127.3M | 17% |
