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第一太阳能（FSLR）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
第一太阳能的季度营收约是罗致恒富的1.3倍（$1.7B vs $1.3B），第一太阳能同比增速更快（11.1% vs -5.8%），第一太阳能自由现金流更多（$1.1B vs $170.8M），过去两年第一太阳能的营收复合增速更高（45.6% vs -6.1%）
第一太阳能是美国上市光伏面板制造商，1990年成立时名为Solar Cells, Inc.，1999年被True North Partners收购后改为现名。公司采用碲化镉（CdTe）半导体技术生产刚性薄膜光伏面板，旗下所有生产基地均提供退役面板回收服务。
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。
FSLR vs RHI — 直观对比
营收规模更大
FSLR
是对方的1.3倍
$1.3B
营收增速更快
FSLR
高出16.9%
-5.8%
自由现金流更多
FSLR
多$899.4M
$170.8M
两年增速更快
FSLR
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.3B |
| 净利润 | $520.9M | — |
| 毛利率 | 39.5% | 37.6% |
| 营业利润率 | 32.6% | 1.7% |
| 净利率 | 31.0% | — |
| 营收同比 | 11.1% | -5.8% |
| 净利润同比 | 32.5% | — |
| 每股收益（稀释后） | $4.84 | $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FSLRRHI
| Q4 25 | $1.7B | $1.3B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $844.6M | $1.4B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $887.7M | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $794.1M | $1.5B |
净利润FSLRRHI
| Q4 25 | $520.9M | — | ||
| Q3 25 | $455.9M | $42.9M | ||
| Q2 25 | $341.9M | $41.0M | ||
| Q1 25 | $209.5M | $17.4M | ||
| Q4 24 | $393.1M | — | ||
| Q3 24 | $313.0M | $65.5M | ||
| Q2 24 | $349.4M | $68.2M | ||
| Q1 24 | $236.6M | $63.7M |
毛利率FSLRRHI
| Q4 25 | 39.5% | 37.6% | ||
| Q3 25 | 38.3% | 37.2% | ||
| Q2 25 | 45.6% | 37.2% | ||
| Q1 25 | 40.8% | 36.9% | ||
| Q4 24 | 37.5% | 38.8% | ||
| Q3 24 | 50.2% | 39.0% | ||
| Q2 24 | 49.4% | 39.2% | ||
| Q1 24 | 43.6% | 38.1% |
营业利润率FSLRRHI
| Q4 25 | 32.6% | 1.7% | ||
| Q3 25 | 29.2% | 1.0% | ||
| Q2 25 | 33.0% | 0.1% | ||
| Q1 25 | 26.2% | 2.9% | ||
| Q4 24 | 30.2% | 4.7% | ||
| Q3 24 | 36.3% | 4.1% | ||
| Q2 24 | 36.9% | 5.1% | ||
| Q1 24 | 30.6% | 2.8% |
净利率FSLRRHI
| Q4 25 | 31.0% | — | ||
| Q3 25 | 28.6% | 3.2% | ||
| Q2 25 | 31.2% | 3.0% | ||
| Q1 25 | 24.8% | 1.3% | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 35.3% | 4.5% | ||
| Q2 24 | 34.6% | 4.6% | ||
| Q1 24 | 29.8% | 4.3% |
每股收益（稀释后）FSLRRHI
| Q4 25 | $4.84 | $0.32 | ||
| Q3 25 | $4.24 | $0.43 | ||
| Q2 25 | $3.18 | $0.41 | ||
| Q1 25 | $1.95 | $0.17 | ||
| Q4 24 | $3.66 | $0.53 | ||
| Q3 24 | $2.91 | $0.64 | ||
| Q2 24 | $3.25 | $0.66 | ||
| Q1 24 | $2.20 | $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 | $2.8B | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $9.5B | $1.3B |
| 总资产 | $13.3B | $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FSLRRHI
| Q4 25 | $2.8B | $464.4M | ||
| Q3 25 | $2.0B | $365.3M | ||
| Q2 25 | $1.1B | $380.5M | ||
| Q1 25 | $837.6M | $342.5M | ||
| Q4 24 | $1.6B | $537.6M | ||
| Q3 24 | $1.0B | $570.5M | ||
| Q2 24 | $1.7B | $547.4M | ||
| Q1 24 | $1.7B | $540.9M |
股东权益FSLRRHI
| Q4 25 | $9.5B | $1.3B | ||
| Q3 25 | $9.0B | $1.3B | ||
| Q2 25 | $8.5B | $1.3B | ||
| Q1 25 | $8.2B | $1.3B | ||
| Q4 24 | $8.0B | $1.4B | ||
| Q3 24 | $7.6B | $1.5B | ||
| Q2 24 | $7.3B | $1.5B | ||
| Q1 24 | $6.9B | $1.5B |
总资产FSLRRHI
| Q4 25 | $13.3B | $2.9B | ||
| Q3 25 | $13.5B | $2.8B | ||
| Q2 25 | $12.9B | $2.8B | ||
| Q1 25 | $12.1B | $2.7B | ||
| Q4 24 | $12.1B | $2.9B | ||
| Q3 24 | $11.4B | $3.0B | ||
| Q2 24 | $11.0B | $2.9B | ||
| Q1 24 | $10.8B | $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 | $1.2B | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $1.1B | $170.8M |
| 自由现金流率自由现金流/营收 | 63.6% | 13.1% |
| 资本支出强度资本支出/营收 | 10.2% | 0.9% |
| 现金转化率经营现金流/净利润 | 2.38× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $266.8M |
8季度趋势，按日历期对齐
经营现金流FSLRRHI
| Q4 25 | $1.2B | $182.5M | ||
| Q3 25 | $1.3B | $77.4M | ||
| Q2 25 | $149.6M | $119.4M | ||
| Q1 25 | $-608.0M | $-59.3M | ||
| Q4 24 | $811.0M | $154.8M | ||
| Q3 24 | $-53.7M | $129.6M | ||
| Q2 24 | $193.0M | $142.0M | ||
| Q1 24 | $267.7M | $-15.9M |
自由现金流FSLRRHI
| Q4 25 | $1.1B | $170.8M | ||
| Q3 25 | $1.1B | $63.6M | ||
| Q2 25 | $-138.6M | $104.2M | ||
| Q1 25 | $-813.9M | $-71.7M | ||
| Q4 24 | $497.5M | $140.5M | ||
| Q3 24 | $-487.7M | $111.8M | ||
| Q2 24 | $-172.1M | $129.6M | ||
| Q1 24 | $-145.7M | $-27.7M |
自由现金流率FSLRRHI
| Q4 25 | 63.6% | 13.1% | ||
| Q3 25 | 67.1% | 4.7% | ||
| Q2 25 | -12.6% | 7.6% | ||
| Q1 25 | -96.4% | -5.3% | ||
| Q4 24 | 32.9% | 10.2% | ||
| Q3 24 | -54.9% | 7.6% | ||
| Q2 24 | -17.0% | 8.8% | ||
| Q1 24 | -18.4% | -1.9% |
资本支出强度FSLRRHI
| Q4 25 | 10.2% | 0.9% | ||
| Q3 25 | 12.8% | 1.0% | ||
| Q2 25 | 26.3% | 1.1% | ||
| Q1 25 | 24.4% | 0.9% | ||
| Q4 24 | 20.7% | 1.0% | ||
| Q3 24 | 48.9% | 1.2% | ||
| Q2 24 | 36.1% | 0.8% | ||
| Q1 24 | 52.1% | 0.8% |
现金转化率FSLRRHI
| Q4 25 | 2.38× | — | ||
| Q3 25 | 2.79× | 1.80× | ||
| Q2 25 | 0.44× | 2.91× | ||
| Q1 25 | -2.90× | -3.42× | ||
| Q4 24 | 2.06× | — | ||
| Q3 24 | -0.17× | 1.98× | ||
| Q2 24 | 0.55× | 2.08× | ||
| Q1 24 | 1.13× | -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
FSLR
暂无分部数据
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% |
