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FIRST HORIZON CORP（FHN）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
FIRST HORIZON CORP的季度营收约是RBC Bearings INC的1.9倍（$888.0M vs $461.6M），FIRST HORIZON CORP净利率更高（29.4% vs 14.6%，领先14.8%），FIRST HORIZON CORP同比增速更快（21.8% vs 17.0%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $99.1M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs 5.6%）
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。
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。
FHN vs RBC — 直观对比
营收规模更大
FHN
是对方的1.9倍
$461.6M
营收增速更快
FHN
高出4.8%
17.0%
净利率更高
FHN
高出14.8%
14.6%
自由现金流更多
FHN
多$289.9M
$99.1M
两年增速更快
FHN
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $461.6M |
| 净利润 | $261.0M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 38.5% | 22.3% |
| 净利率 | 29.4% | 14.6% |
| 营收同比 | 21.8% | 17.0% |
| 净利润同比 | 57.2% | 16.4% |
| 每股收益（稀释后） | $0.51 | $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FHNRBC
| Q4 25 | $888.0M | $461.6M | ||
| Q3 25 | $889.0M | $455.3M | ||
| Q2 25 | $830.0M | $436.0M | ||
| Q1 25 | $812.0M | $437.7M | ||
| Q4 24 | $729.0M | $394.4M | ||
| Q3 24 | $827.0M | $397.9M | ||
| Q2 24 | — | $406.3M | ||
| Q1 24 | $819.0M | $413.7M |
净利润FHNRBC
| Q4 25 | $261.0M | $67.4M | ||
| Q3 25 | $262.0M | $60.0M | ||
| Q2 25 | $241.0M | $68.5M | ||
| Q1 25 | $218.0M | $72.7M | ||
| Q4 24 | $166.0M | $57.9M | ||
| Q3 24 | $218.0M | $54.2M | ||
| Q2 24 | — | $61.4M | ||
| Q1 24 | $192.0M | — |
毛利率FHNRBC
| 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% | ||
| Q1 24 | — | 43.1% |
营业利润率FHNRBC
| Q4 25 | 38.5% | 22.3% | ||
| Q3 25 | 38.7% | 21.5% | ||
| Q2 25 | 37.2% | 23.2% | ||
| Q1 25 | 35.1% | 23.0% | ||
| Q4 24 | 28.8% | 21.7% | ||
| Q3 24 | 34.0% | 21.6% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | 31.0% | 22.8% |
净利率FHNRBC
| Q4 25 | 29.4% | 14.6% | ||
| Q3 25 | 29.5% | 13.2% | ||
| Q2 25 | 29.0% | 15.7% | ||
| Q1 25 | 26.8% | 16.6% | ||
| Q4 24 | 22.8% | 14.7% | ||
| Q3 24 | 26.4% | 13.6% | ||
| Q2 24 | — | 15.1% | ||
| Q1 24 | 23.4% | — |
每股收益（稀释后）FHNRBC
| Q4 25 | $0.51 | $2.13 | ||
| Q3 25 | $0.50 | $1.90 | ||
| Q2 25 | $0.45 | $2.17 | ||
| Q1 25 | $0.41 | $2.33 | ||
| Q4 24 | $0.29 | $1.82 | ||
| Q3 24 | $0.40 | $1.65 | ||
| Q2 24 | — | $1.90 | ||
| Q1 24 | $0.33 | $1.92 |
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 | — | $990.2M |
| 股东权益账面价值 | $8.8B | $3.3B |
| 总资产 | $83.9B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FHNRBC
| Q4 25 | — | $107.6M | ||
| Q3 25 | — | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务FHNRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益FHNRBC
| Q4 25 | $8.8B | $3.3B | ||
| Q3 25 | $8.9B | $3.2B | ||
| Q2 25 | $9.0B | $3.1B | ||
| Q1 25 | $8.7B | $3.0B | ||
| Q4 24 | $8.8B | $2.9B | ||
| Q3 24 | $9.0B | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | $8.9B | $2.8B |
总资产FHNRBC
| Q4 25 | $83.9B | $5.1B | ||
| Q3 25 | $83.2B | $5.1B | ||
| Q2 25 | $82.1B | $4.8B | ||
| Q1 25 | $81.5B | $4.7B | ||
| Q4 24 | $82.2B | $4.7B | ||
| Q3 24 | $82.6B | $4.7B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | $81.8B | $4.7B |
负债/权益比FHNRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 43.8% | 21.5% |
| 资本支出强度资本支出/营收 | 0.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.52× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $595.0M | — |
8季度趋势，按日历期对齐
经营现金流FHNRBC
| Q4 25 | $396.0M | $122.1M | ||
| Q3 25 | $-200.0M | $88.4M | ||
| Q2 25 | $83.0M | $120.0M | ||
| Q1 25 | $349.0M | — | ||
| Q4 24 | $191.0M | $84.0M | ||
| Q3 24 | $389.0M | — | ||
| Q2 24 | — | $97.4M | ||
| Q1 24 | $838.0M | — |
自由现金流FHNRBC
| Q4 25 | $389.0M | $99.1M | ||
| Q3 25 | $-208.0M | $71.7M | ||
| Q2 25 | $74.0M | $104.3M | ||
| Q1 25 | $340.0M | — | ||
| Q4 24 | $174.0M | $73.6M | ||
| Q3 24 | $383.0M | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | $828.0M | — |
自由现金流率FHNRBC
| Q4 25 | 43.8% | 21.5% | ||
| Q3 25 | -23.4% | 15.7% | ||
| Q2 25 | 8.9% | 23.9% | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 23.9% | 18.7% | ||
| Q3 24 | 46.3% | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | 101.1% | — |
资本支出强度FHNRBC
| Q4 25 | 0.8% | 5.0% | ||
| Q3 25 | 0.9% | 3.7% | ||
| Q2 25 | 1.1% | 3.6% | ||
| Q1 25 | 1.1% | 3.2% | ||
| Q4 24 | 2.3% | 2.6% | ||
| Q3 24 | 0.7% | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 1.2% | — |
现金转化率FHNRBC
| Q4 25 | 1.52× | 1.81× | ||
| Q3 25 | -0.76× | 1.47× | ||
| Q2 25 | 0.34× | 1.75× | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | 1.45× | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | 4.36× | — |
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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
