vs
FULLER H B CO（FUL）与哈贝尔（HUBB）财务数据对比。点击上方公司名可切换其他公司
哈贝尔的季度营收约是FULLER H B CO的1.7倍（$1.5B vs $892.0M），哈贝尔净利率更高（14.6% vs 7.5%，领先7.1%），哈贝尔同比增速更快（11.9% vs -2.8%），哈贝尔自由现金流更多（$388.8M vs $68.9M），过去两年FULLER H B CO的营收复合增速更高（5.0% vs 3.3%）
H.B.富勒公司是总部位于美国明尼苏达州圣保罗的跨国粘合剂制造企业，全球第四大粘合剂及密封剂生产商。公司拥有超过20000种产品，广泛应用于建筑、工程、电子、卫生用品、食品包装等领域，在26个国家设有81座生产基地，2024年员工规模约7500人。
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
FUL vs HUBB — 直观对比
营收规模更大
HUBB
是对方的1.7倍
$892.0M
营收增速更快
HUBB
高出14.7%
-2.8%
净利率更高
HUBB
高出7.1%
7.5%
自由现金流更多
HUBB
多$319.9M
$68.9M
两年增速更快
FUL
近两年复合增速
3.3%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $1.5B |
| 净利润 | $67.2M | $217.7M |
| 毛利率 | 32.0% | 34.6% |
| 营业利润率 | 12.3% | 20.3% |
| 净利率 | 7.5% | 14.6% |
| 营收同比 | -2.8% | 11.9% |
| 净利润同比 | 21.3% | 10.5% |
| 每股收益（稀释后） | $1.22 | $4.06 |
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FULHUBB
| Q4 25 | — | $1.5B | ||
| Q3 25 | $892.0M | $1.5B | ||
| Q2 25 | $898.1M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $917.9M | $1.4B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $810.4M | $1.4B |
净利润FULHUBB
| Q4 25 | — | $217.7M | ||
| Q3 25 | $67.2M | $255.5M | ||
| Q2 25 | $41.8M | $244.2M | ||
| Q1 25 | — | $169.7M | ||
| Q4 24 | — | $197.0M | ||
| Q3 24 | $55.4M | $219.4M | ||
| Q2 24 | — | $213.6M | ||
| Q1 24 | $31.0M | $147.8M |
毛利率FULHUBB
| Q4 25 | — | 34.6% | ||
| Q3 25 | 32.0% | 36.2% | ||
| Q2 25 | 31.9% | 37.2% | ||
| Q1 25 | — | 33.1% | ||
| Q4 24 | — | 33.8% | ||
| Q3 24 | 30.0% | 34.5% | ||
| Q2 24 | — | 35.0% | ||
| Q1 24 | 29.5% | 32.0% |
营业利润率FULHUBB
| Q4 25 | — | 20.3% | ||
| Q3 25 | 12.3% | 22.0% | ||
| Q2 25 | 11.1% | 22.7% | ||
| Q1 25 | — | 17.5% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | 11.4% | 21.1% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | 8.3% | 16.3% |
净利率FULHUBB
| Q4 25 | — | 14.6% | ||
| Q3 25 | 7.5% | 17.0% | ||
| Q2 25 | 4.7% | 16.5% | ||
| Q1 25 | — | 12.4% | ||
| Q4 24 | — | 14.8% | ||
| Q3 24 | 6.0% | 15.2% | ||
| Q2 24 | — | 14.7% | ||
| Q1 24 | 3.8% | 10.6% |
每股收益（稀释后）FULHUBB
| Q4 25 | — | $4.06 | ||
| Q3 25 | $1.22 | $4.77 | ||
| Q2 25 | $0.76 | $4.56 | ||
| Q1 25 | — | $3.15 | ||
| Q4 24 | — | $3.65 | ||
| Q3 24 | $0.98 | $4.05 | ||
| Q2 24 | — | $3.94 | ||
| Q1 24 | $0.55 | $2.73 |
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 | $122.5M | $497.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $3.8B |
| 总资产 | $5.2B | $8.2B |
| 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FULHUBB
| Q4 25 | — | $497.9M | ||
| Q3 25 | $122.5M | $680.9M | ||
| Q2 25 | $96.8M | $399.6M | ||
| Q1 25 | — | $360.3M | ||
| Q4 24 | — | $345.0M | ||
| Q3 24 | $131.4M | $445.6M | ||
| Q2 24 | — | $406.5M | ||
| Q1 24 | $165.2M | $400.3M |
总债务FULHUBB
| Q4 25 | — | — | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $1.9B |
股东权益FULHUBB
| Q4 25 | — | $3.8B | ||
| Q3 25 | $2.0B | $3.7B | ||
| Q2 25 | $1.9B | $3.5B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.3B | ||
| Q3 24 | $1.8B | $3.2B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | $1.8B | $2.9B |
总资产FULHUBB
| Q4 25 | — | $8.2B | ||
| Q3 25 | $5.2B | $7.5B | ||
| Q2 25 | $5.1B | $7.1B | ||
| Q1 25 | — | $6.9B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | $5.0B | $6.9B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | $4.7B | $6.9B |
负债/权益比FULHUBB
| Q4 25 | — | — | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.44× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.51× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.65× |
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 | $99.0M | $447.5M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $388.8M |
| 自由现金流率自由现金流/营收 | 7.7% | 26.0% |
| 资本支出强度资本支出/营收 | 3.4% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.47× | 2.06× |
| 过去12个月自由现金流最近4个季度 | — | $874.7M |
8季度趋势，按日历期对齐
经营现金流FULHUBB
| Q4 25 | — | $447.5M | ||
| Q3 25 | $99.0M | $284.3M | ||
| Q2 25 | — | $260.6M | ||
| Q1 25 | — | $37.4M | ||
| Q4 24 | — | $432.4M | ||
| Q3 24 | $169.4M | $227.0M | ||
| Q2 24 | — | $239.6M | ||
| Q1 24 | $47.4M | $92.2M |
自由现金流FULHUBB
| Q4 25 | — | $388.8M | ||
| Q3 25 | $68.9M | $253.8M | ||
| Q2 25 | — | $220.7M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $364.4M | ||
| Q3 24 | $99.9M | $188.8M | ||
| Q2 24 | — | $205.7M | ||
| Q1 24 | $4.1M | $51.9M |
自由现金流率FULHUBB
| Q4 25 | — | 26.0% | ||
| Q3 25 | 7.7% | 16.9% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 27.3% | ||
| Q3 24 | 10.9% | 13.1% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | 0.5% | 3.7% |
资本支出强度FULHUBB
| Q4 25 | — | 3.9% | ||
| Q3 25 | 3.4% | 2.0% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 7.6% | 2.6% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | 5.3% | 2.9% |
现金转化率FULHUBB
| Q4 25 | — | 2.06× | ||
| Q3 25 | 1.47× | 1.11× | ||
| Q2 25 | — | 1.07× | ||
| Q1 25 | — | 0.22× | ||
| Q4 24 | — | 2.19× | ||
| Q3 24 | 3.06× | 1.03× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | 1.53× | 0.62× |
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
FUL
| Hygiene Health And Consumable Adhesives | $386.1M | 43% |
| Engineering Adhesives | $272.3M | 31% |
| Building Adhesives Solutions | $233.7M | 26% |
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
