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FRIEDMAN INDUSTRIES INC（FRD）与WORTHINGTON ENTERPRISES, INC.（WOR）财务数据对比。点击上方公司名可切换其他公司
WORTHINGTON ENTERPRISES, INC.的季度营收约是FRIEDMAN INDUSTRIES INC的1.9倍（$327.5M vs $168.0M）。WORTHINGTON ENTERPRISES, INC.净利率更高（8.3% vs 1.8%，领先6.5%）。FRIEDMAN INDUSTRIES INC同比增速更快（78.6% vs 19.5%）。WORTHINGTON ENTERPRISES, INC.自由现金流更多（$39.1M vs $-6.3M）
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。
沃辛顿实业是一家总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑产品两大业务板块，设计生产丙烷、氧气、氦气压力容器，制冷及工业气瓶，露营与家用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等多元化产品。
FRD vs WOR — 直观对比
营收规模更大
WOR
是对方的1.9倍
$168.0M
营收增速更快
FRD
高出59.1%
19.5%
净利率更高
WOR
高出6.5%
1.8%
自由现金流更多
WOR
多$45.4M
$-6.3M
损益表 — Q3 2026 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $168.0M | $327.5M |
| 净利润 | $3.0M | $27.3M |
| 毛利率 | 2.3% | 25.8% |
| 营业利润率 | 2.3% | 3.7% |
| 净利率 | 1.8% | 8.3% |
| 营收同比 | 78.6% | 19.5% |
| 净利润同比 | 364.1% | -3.3% |
| 每股收益（稀释后） | $0.43 | $0.55 |
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FRDWOR
| Q4 25 | $168.0M | $327.5M | ||
| Q3 25 | $152.4M | $303.7M | ||
| Q2 25 | $134.8M | — | ||
| Q4 24 | $94.1M | — | ||
| Q2 24 | $114.6M | — |
净利润FRDWOR
| Q4 25 | $3.0M | $27.3M | ||
| Q3 25 | $2.2M | $35.1M | ||
| Q2 25 | $5.0M | — | ||
| Q4 24 | $-1.2M | — | ||
| Q2 24 | $2.6M | — |
毛利率FRDWOR
| Q4 25 | 2.3% | 25.8% | ||
| Q3 25 | 1.9% | 27.1% | ||
| Q2 25 | 5.2% | — | ||
| Q4 24 | — | — | ||
| Q2 24 | -1.2% | — |
营业利润率FRDWOR
| Q4 25 | 2.3% | 3.7% | ||
| Q3 25 | 1.9% | 3.0% | ||
| Q2 25 | 5.2% | — | ||
| Q4 24 | -1.3% | — | ||
| Q2 24 | -1.2% | — |
净利率FRDWOR
| Q4 25 | 1.8% | 8.3% | ||
| Q3 25 | 1.5% | 11.6% | ||
| Q2 25 | 3.7% | — | ||
| Q4 24 | -1.2% | — | ||
| Q2 24 | 2.2% | — |
每股收益（稀释后）FRDWOR
| Q4 25 | $0.43 | $0.55 | ||
| Q3 25 | $0.32 | $0.70 | ||
| Q2 25 | $0.71 | — | ||
| Q4 24 | $-0.17 | — | ||
| Q2 24 | $0.37 | — |
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 | $180.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $142.2M | $962.6M |
| 总资产 | $311.9M | $1.8B |
| 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FRDWOR
| Q4 25 | $3.0M | $180.3M | ||
| Q3 25 | $4.6M | $167.1M | ||
| Q2 25 | $2.1M | — | ||
| Q4 24 | $1.1M | — | ||
| Q2 24 | $4.1M | — |
股东权益FRDWOR
| Q4 25 | $142.2M | $962.6M | ||
| Q3 25 | $139.3M | $959.1M | ||
| Q2 25 | $137.3M | — | ||
| Q4 24 | $127.3M | — | ||
| Q2 24 | $129.7M | — |
总资产FRDWOR
| Q4 25 | $311.9M | $1.8B | ||
| Q3 25 | $311.3M | $1.7B | ||
| Q2 25 | $219.1M | — | ||
| Q4 24 | $210.3M | — | ||
| Q2 24 | $222.8M | — |
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 | $51.5M |
| 自由现金流经营现金流 - 资本支出 | $-6.3M | $39.1M |
| 自由现金流率自由现金流/营收 | -3.8% | 11.9% |
| 资本支出强度资本支出/营收 | 1.0% | 3.8% |
| 现金转化率经营现金流/净利润 | -1.56× | 1.89× |
| 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FRDWOR
| Q4 25 | — | $51.5M | ||
| Q3 25 | — | $41.1M | ||
| Q2 25 | $15.5M | — | ||
| Q4 24 | — | — | ||
| Q2 24 | $-6.1M | — |
自由现金流FRDWOR
| Q4 25 | — | $39.1M | ||
| Q3 25 | — | $27.9M | ||
| Q2 25 | $13.7M | — | ||
| Q4 24 | — | — | ||
| Q2 24 | $-7.1M | — |
自由现金流率FRDWOR
| Q4 25 | — | 11.9% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | 10.2% | — | ||
| Q4 24 | — | — | ||
| Q2 24 | -6.2% | — |
资本支出强度FRDWOR
| Q4 25 | — | 3.8% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 1.3% | — | ||
| Q4 24 | — | — | ||
| Q2 24 | 0.9% | — |
现金转化率FRDWOR
| Q4 25 | — | 1.89× | ||
| Q3 25 | — | 1.17× | ||
| Q2 25 | 3.08× | — | ||
| Q4 24 | — | — | ||
| Q2 24 | -2.36× | — |
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
FRD
| Prime Coil | $152.0M | 90% |
| Manufactured Pipe | $14.9M | 9% |
| Customer Owned | $1.1M | 1% |
WOR
| Building Products | $207.5M | 63% |
| Equity Method Investment Nonconsolidated Investee Other | $120.7M | 37% |
