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FIRST HORIZON CORP（FHN）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FIRST HORIZON CORP的1.5倍（$1.3B vs $888.0M），FIRST HORIZON CORP同比增速更快（21.8% vs -5.8%），FIRST HORIZON CORP自由现金流更多（$389.0M vs $170.8M），过去两年FIRST HORIZON CORP的营收复合增速更高（20.0% vs -6.1%）
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。
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。
FHN vs RHI — 直观对比
营收规模更大
RHI
是对方的1.5倍
$888.0M
营收增速更快
FHN
高出27.6%
-5.8%
自由现金流更多
FHN
多$218.2M
$170.8M
两年增速更快
FHN
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $888.0M | $1.3B |
| 净利润 | $261.0M | — |
| 毛利率 | — | 37.6% |
| 营业利润率 | 38.5% | 1.7% |
| 净利率 | 29.4% | — |
| 营收同比 | 21.8% | -5.8% |
| 净利润同比 | 57.2% | — |
| 每股收益（稀释后） | $0.51 | $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FHNRHI
| Q4 25 | $888.0M | $1.3B | ||
| Q3 25 | $889.0M | $1.4B | ||
| Q2 25 | $830.0M | $1.4B | ||
| Q1 25 | $812.0M | $1.4B | ||
| Q4 24 | $729.0M | $1.4B | ||
| Q3 24 | $827.0M | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $819.0M | $1.5B |
净利润FHNRHI
| Q4 25 | $261.0M | — | ||
| Q3 25 | $262.0M | $42.9M | ||
| Q2 25 | $241.0M | $41.0M | ||
| Q1 25 | $218.0M | $17.4M | ||
| Q4 24 | $166.0M | — | ||
| Q3 24 | $218.0M | $65.5M | ||
| Q2 24 | — | $68.2M | ||
| Q1 24 | $192.0M | $63.7M |
毛利率FHNRHI
| 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FHNRHI
| Q4 25 | 38.5% | 1.7% | ||
| Q3 25 | 38.7% | 1.0% | ||
| Q2 25 | 37.2% | 0.1% | ||
| Q1 25 | 35.1% | 2.9% | ||
| Q4 24 | 28.8% | 4.7% | ||
| Q3 24 | 34.0% | 4.1% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | 31.0% | 2.8% |
净利率FHNRHI
| Q4 25 | 29.4% | — | ||
| Q3 25 | 29.5% | 3.2% | ||
| Q2 25 | 29.0% | 3.0% | ||
| Q1 25 | 26.8% | 1.3% | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | 26.4% | 4.5% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | 23.4% | 4.3% |
每股收益（稀释后）FHNRHI
| Q4 25 | $0.51 | $0.32 | ||
| Q3 25 | $0.50 | $0.43 | ||
| Q2 25 | $0.45 | $0.41 | ||
| Q1 25 | $0.41 | $0.17 | ||
| Q4 24 | $0.29 | $0.53 | ||
| Q3 24 | $0.40 | $0.64 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | $0.33 | $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 | — | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $8.8B | $1.3B |
| 总资产 | $83.9B | $2.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资FHNRHI
| Q4 25 | — | $464.4M | ||
| Q3 25 | — | $365.3M | ||
| Q2 25 | — | $380.5M | ||
| Q1 25 | — | $342.5M | ||
| Q4 24 | — | $537.6M | ||
| Q3 24 | — | $570.5M | ||
| Q2 24 | — | $547.4M | ||
| Q1 24 | — | $540.9M |
股东权益FHNRHI
| Q4 25 | $8.8B | $1.3B | ||
| Q3 25 | $8.9B | $1.3B | ||
| Q2 25 | $9.0B | $1.3B | ||
| Q1 25 | $8.7B | $1.3B | ||
| Q4 24 | $8.8B | $1.4B | ||
| Q3 24 | $9.0B | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $8.9B | $1.5B |
总资产FHNRHI
| Q4 25 | $83.9B | $2.9B | ||
| Q3 25 | $83.2B | $2.8B | ||
| Q2 25 | $82.1B | $2.8B | ||
| Q1 25 | $81.5B | $2.7B | ||
| Q4 24 | $82.2B | $2.9B | ||
| Q3 24 | $82.6B | $3.0B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | $81.8B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $389.0M | $170.8M |
| 自由现金流率自由现金流/营收 | 43.8% | 13.1% |
| 资本支出强度资本支出/营收 | 0.8% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.52× | — |
| 过去12个月自由现金流最近4个季度 | $595.0M | $266.8M |
8季度趋势，按日历期对齐
经营现金流FHNRHI
| Q4 25 | $396.0M | $182.5M | ||
| Q3 25 | $-200.0M | $77.4M | ||
| Q2 25 | $83.0M | $119.4M | ||
| Q1 25 | $349.0M | $-59.3M | ||
| Q4 24 | $191.0M | $154.8M | ||
| Q3 24 | $389.0M | $129.6M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | $838.0M | $-15.9M |
自由现金流FHNRHI
| Q4 25 | $389.0M | $170.8M | ||
| Q3 25 | $-208.0M | $63.6M | ||
| Q2 25 | $74.0M | $104.2M | ||
| Q1 25 | $340.0M | $-71.7M | ||
| Q4 24 | $174.0M | $140.5M | ||
| Q3 24 | $383.0M | $111.8M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | $828.0M | $-27.7M |
自由现金流率FHNRHI
| Q4 25 | 43.8% | 13.1% | ||
| Q3 25 | -23.4% | 4.7% | ||
| Q2 25 | 8.9% | 7.6% | ||
| Q1 25 | 41.9% | -5.3% | ||
| Q4 24 | 23.9% | 10.2% | ||
| Q3 24 | 46.3% | 7.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | 101.1% | -1.9% |
资本支出强度FHNRHI
| Q4 25 | 0.8% | 0.9% | ||
| Q3 25 | 0.9% | 1.0% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 1.1% | 0.9% | ||
| Q4 24 | 2.3% | 1.0% | ||
| Q3 24 | 0.7% | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | 1.2% | 0.8% |
现金转化率FHNRHI
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | 1.80× | ||
| Q2 25 | 0.34× | 2.91× | ||
| Q1 25 | 1.60× | -3.42× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | 1.98× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | 4.36× | -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
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
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% |
