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FIRST MERCHANTS CORP（FRME）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
FIRST MERCHANTS CORP的季度营收约是RESOURCES CONNECTION, INC.的1.3倍（$157.1M vs $117.7M），FIRST MERCHANTS CORP净利率更高（17.9% vs -10.8%，领先28.7%），过去两年FIRST MERCHANTS CORP的营收复合增速更高（-0.9% vs -11.8%）
第一商人集团是总部位于美国印第安纳州曼西的金融控股公司，业务覆盖印第安纳州中部地区，旗下拥有第一商人银行、第一商人私人财富顾问两大板块，在纳斯达克上市，股票代码为FRME。截至2023年3月，集团总资产达182亿美元，为客户提供商业银行、个人银行及投资顾问服务。
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。
FRME vs RGP — 直观对比
营收规模更大
FRME
是对方的1.3倍
$117.7M
净利率更高
FRME
高出28.7%
-10.8%
两年增速更快
FRME
近两年复合增速
-11.8%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $157.1M | $117.7M |
| 净利润 | $28.2M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | — | -10.3% |
| 净利率 | 17.9% | -10.8% |
| 营收同比 | — | -19.2% |
| 净利润同比 | -49.1% | 81.6% |
| 每股收益（稀释后） | $0.45 | $-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
营收FRMERGP
| Q1 26 | $157.1M | — | ||
| Q4 25 | $172.2M | $117.7M | ||
| Q3 25 | $166.1M | $120.2M | ||
| Q2 25 | $164.3M | $139.3M | ||
| Q1 25 | $160.3M | $129.4M | ||
| Q4 24 | $177.1M | $145.6M | ||
| Q3 24 | $156.0M | $136.9M | ||
| Q2 24 | $159.9M | $148.2M |
净利润FRMERGP
| Q1 26 | $28.2M | — | ||
| Q4 25 | $57.1M | $-12.7M | ||
| Q3 25 | $56.8M | $-2.4M | ||
| Q2 25 | $56.8M | $-73.3M | ||
| Q1 25 | $55.3M | $-44.1M | ||
| Q4 24 | $64.3M | $-68.7M | ||
| Q3 24 | $49.2M | $-5.7M | ||
| Q2 24 | $39.9M | $10.5M |
毛利率FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% |
营业利润率FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | 38.0% | -10.3% | ||
| Q3 25 | 39.3% | -1.7% | ||
| Q2 25 | 39.6% | -47.0% | ||
| Q1 25 | 39.4% | -38.4% | ||
| Q4 24 | 43.3% | -52.7% | ||
| Q3 24 | 36.1% | -3.5% | ||
| Q2 24 | 27.5% | 7.6% |
净利率FRMERGP
| Q1 26 | 17.9% | — | ||
| Q4 25 | 33.1% | -10.8% | ||
| Q3 25 | 34.2% | -2.0% | ||
| Q2 25 | 34.6% | -52.6% | ||
| Q1 25 | 34.5% | -34.0% | ||
| Q4 24 | 36.3% | -47.2% | ||
| Q3 24 | 31.5% | -4.2% | ||
| Q2 24 | 25.0% | 7.1% |
每股收益（稀释后）FRMERGP
| Q1 26 | $0.45 | — | ||
| Q4 25 | $0.98 | $-0.38 | ||
| Q3 25 | $0.98 | $-0.07 | ||
| Q2 25 | $0.98 | $-2.21 | ||
| Q1 25 | $0.94 | $-1.34 | ||
| Q4 24 | $1.09 | $-2.08 | ||
| Q3 24 | $0.84 | $-0.17 | ||
| Q2 24 | $0.68 | $0.31 |
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 | — | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.7B | $194.6M |
| 总资产 | $21.1B | $289.3M |
| 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FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | — | $89.8M | ||
| Q3 25 | — | $77.5M | ||
| Q2 25 | — | $86.1M | ||
| Q1 25 | — | $72.5M | ||
| Q4 24 | — | $78.2M | ||
| Q3 24 | — | $89.6M | ||
| Q2 24 | — | $108.9M |
股东权益FRMERGP
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.5B | $194.6M | ||
| Q3 25 | $2.4B | $206.4M | ||
| Q2 25 | $2.3B | $207.1M | ||
| Q1 25 | $2.3B | $277.8M | ||
| Q4 24 | $2.3B | $325.7M | ||
| Q3 24 | $2.3B | $407.2M | ||
| Q2 24 | $2.2B | $418.8M |
总资产FRMERGP
| Q1 26 | $21.1B | — | ||
| Q4 25 | $19.0B | $289.3M | ||
| Q3 25 | $18.8B | $287.2M | ||
| Q2 25 | $18.6B | $304.7M | ||
| Q1 25 | $18.4B | $375.6M | ||
| Q4 24 | $18.3B | $424.9M | ||
| Q3 24 | $18.3B | $512.9M | ||
| Q2 24 | $18.3B | $510.9M |
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 | — | $15.9M |
| 自由现金流经营现金流 - 资本支出 | — | $15.6M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 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
经营现金流FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | $283.6M | $15.9M | ||
| Q3 25 | $87.6M | $-7.8M | ||
| Q2 25 | $53.7M | $16.8M | ||
| Q1 25 | $61.7M | $659.0K | ||
| Q4 24 | $266.2M | $1.8M | ||
| Q3 24 | $76.8M | $-309.0K | ||
| Q2 24 | $63.0M | $3.2M |
自由现金流FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $-8.0M | ||
| Q2 25 | — | $16.5M | ||
| Q1 25 | — | $238.0K | ||
| Q4 24 | — | $61.0K | ||
| Q3 24 | — | $-575.0K | ||
| Q2 24 | — | $3.0M |
自由现金流率FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | 2.1% |
资本支出强度FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% |
现金转化率FRMERGP
| Q1 26 | — | — | ||
| Q4 25 | 4.97× | — | ||
| Q3 25 | 1.54× | — | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 4.14× | — | ||
| Q3 24 | 1.56× | — | ||
| Q2 24 | 1.58× | 0.30× |
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
FRME
| Net Interest Income | $151.3M | 96% |
| Noninterest Income | $5.8M | 4% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
