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FRIEDMAN INDUSTRIES INC（FRD）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
FRIEDMAN INDUSTRIES INC的季度营收约是RESOURCES CONNECTION, INC.的1.4倍（$168.0M vs $117.7M），FRIEDMAN INDUSTRIES INC净利率更高（1.8% vs -10.8%，领先12.6%），FRIEDMAN INDUSTRIES INC同比增速更快（78.6% vs -19.2%），RESOURCES CONNECTION, INC.自由现金流更多（$15.6M vs $-6.3M），过去两年FRIEDMAN INDUSTRIES INC的营收复合增速更高（13.3% vs -11.8%）
赫尔曼与弗里德曼（H&F）是一家美国私募股权公司，由沃伦·赫尔曼与塔利·弗里德曼于1984年创立，主要通过杠杆收购及成长资本开展投资业务，核心投资方向覆盖传媒、金融服务、专业服务与信息服务等多个领域。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
FRD vs RGP — 直观对比
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $168.0M | $117.7M |
| 净利润 | $3.0M | $-12.7M |
| 毛利率 | 2.3% | 37.1% |
| 营业利润率 | 2.3% | -10.3% |
| 净利率 | 1.8% | -10.8% |
| 营收同比 | 78.6% | -19.2% |
| 净利润同比 | 364.1% | 81.6% |
| 每股收益（稀释后） | $0.43 | $-0.38 |
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
| Q4 25 | $168.0M | $117.7M | ||
| Q3 25 | $152.4M | $120.2M | ||
| Q2 25 | $134.8M | $139.3M | ||
| Q1 25 | — | $129.4M | ||
| Q4 24 | $94.1M | $145.6M | ||
| Q3 24 | $106.8M | $136.9M | ||
| Q2 24 | $114.6M | $148.2M | ||
| Q1 24 | — | $151.3M |
| Q4 25 | $3.0M | $-12.7M | ||
| Q3 25 | $2.2M | $-2.4M | ||
| Q2 25 | $5.0M | $-73.3M | ||
| Q1 25 | — | $-44.1M | ||
| Q4 24 | $-1.2M | $-68.7M | ||
| Q3 24 | $-675.0K | $-5.7M | ||
| Q2 24 | $2.6M | $10.5M | ||
| Q1 24 | — | $2.5M |
| Q4 25 | 2.3% | 37.1% | ||
| Q3 25 | 1.9% | 39.5% | ||
| Q2 25 | 5.2% | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | -0.2% | 36.5% | ||
| Q2 24 | -1.2% | 40.2% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 2.3% | -10.3% | ||
| Q3 25 | 1.9% | -1.7% | ||
| Q2 25 | 5.2% | -47.0% | ||
| Q1 25 | — | -38.4% | ||
| Q4 24 | -1.3% | -52.7% | ||
| Q3 24 | -0.2% | -3.5% | ||
| Q2 24 | -1.2% | 7.6% | ||
| Q1 24 | — | 2.8% |
| Q4 25 | 1.8% | -10.8% | ||
| Q3 25 | 1.5% | -2.0% | ||
| Q2 25 | 3.7% | -52.6% | ||
| Q1 25 | — | -34.0% | ||
| Q4 24 | -1.2% | -47.2% | ||
| Q3 24 | -0.6% | -4.2% | ||
| Q2 24 | 2.2% | 7.1% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | $0.43 | $-0.38 | ||
| Q3 25 | $0.32 | $-0.07 | ||
| Q2 25 | $0.71 | $-2.21 | ||
| Q1 25 | — | $-1.34 | ||
| Q4 24 | $-0.17 | $-2.08 | ||
| Q3 24 | $-0.10 | $-0.17 | ||
| Q2 24 | $0.37 | $0.31 | ||
| Q1 24 | — | $0.08 |
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 | $3.0M | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $142.2M | $194.6M |
| 总资产 | $311.9M | $289.3M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | $3.0M | $89.8M | ||
| Q3 25 | $4.6M | $77.5M | ||
| Q2 25 | $2.1M | $86.1M | ||
| Q1 25 | — | $72.5M | ||
| Q4 24 | $1.1M | $78.2M | ||
| Q3 24 | $2.5M | $89.6M | ||
| Q2 24 | $4.1M | $108.9M | ||
| Q1 24 | — | $113.8M |
| Q4 25 | $142.2M | $194.6M | ||
| Q3 25 | $139.3M | $206.4M | ||
| Q2 25 | $137.3M | $207.1M | ||
| Q1 25 | — | $277.8M | ||
| Q4 24 | $127.3M | $325.7M | ||
| Q3 24 | $128.8M | $407.2M | ||
| Q2 24 | $129.7M | $418.8M | ||
| Q1 24 | — | $414.9M |
| Q4 25 | $311.9M | $289.3M | ||
| Q3 25 | $311.3M | $287.2M | ||
| Q2 25 | $219.1M | $304.7M | ||
| Q1 25 | — | $375.6M | ||
| Q4 24 | $210.3M | $424.9M | ||
| Q3 24 | $209.2M | $512.9M | ||
| Q2 24 | $222.8M | $510.9M | ||
| Q1 24 | — | $523.2M |
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 | $-4.7M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $-6.3M | $15.6M |
| 自由现金流率自由现金流/营收 | -3.8% | 13.2% |
| 资本支出强度资本支出/营收 | 1.0% | 0.3% |
| 现金转化率经营现金流/净利润 | -1.56× | — |
| 过去12个月自由现金流最近4个季度 | — | $24.3M |
8季度趋势，按日历期对齐
| Q4 25 | $-4.7M | $15.9M | ||
| Q3 25 | $434.0K | $-7.8M | ||
| Q2 25 | $15.5M | $16.8M | ||
| Q1 25 | — | $659.0K | ||
| Q4 24 | — | $1.8M | ||
| Q3 24 | — | $-309.0K | ||
| Q2 24 | $-6.1M | $3.2M | ||
| Q1 24 | — | $20.5M |
| Q4 25 | $-6.3M | $15.6M | ||
| Q3 25 | $-2.0M | $-8.0M | ||
| Q2 25 | $13.7M | $16.5M | ||
| Q1 25 | — | $238.0K | ||
| Q4 24 | — | $61.0K | ||
| Q3 24 | — | $-575.0K | ||
| Q2 24 | $-7.1M | $3.0M | ||
| Q1 24 | — | $20.4M |
| Q4 25 | -3.8% | 13.2% | ||
| Q3 25 | -1.3% | -6.6% | ||
| Q2 25 | 10.2% | 11.8% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | -6.2% | 2.1% | ||
| Q1 24 | — | 13.5% |
| Q4 25 | 1.0% | 0.3% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 1.3% | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | 0.9% | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | -1.56× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 3.08× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.36× | 0.30× | ||
| Q1 24 | — | 8.04× |
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
FRD
| Prime Coil | $152.0M | 90% |
| Manufactured Pipe | $14.9M | 9% |
| Customer Owned | $1.1M | 1% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
