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FULLER H B CO（FUL）与IES Holdings, Inc.（IESC）财务数据对比。点击上方公司名可切换其他公司
FULLER H B CO的季度营收约是IES Holdings, Inc.的1.0倍（$892.0M vs $871.0M），IES Holdings, Inc.净利率更高（10.5% vs 7.5%，领先3.0%），IES Holdings, Inc.同比增速更快（16.2% vs -2.8%），FULLER H B CO自由现金流更多（$68.9M vs $-18.9M），过去两年IES Holdings, Inc.的营收复合增速更高（11.1% vs 5.0%）
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。
IES Holdings, Inc.前身为Integrated Electrical Services, Inc.，主营业务为集成电气及技术系统的设计与安装，同时面向数据中心、住宅、商业和工业设施等多元终端市场提供基础设施类产品及相关服务。
FUL vs IESC — 直观对比
营收规模更大
FUL
是对方的1.0倍
$871.0M
营收增速更快
IESC
高出19.0%
-2.8%
净利率更高
IESC
高出3.0%
7.5%
自由现金流更多
FUL
多$87.8M
$-18.9M
两年增速更快
IESC
近两年复合增速
5.0%
损益表 — Q3 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $871.0M |
| 净利润 | $67.2M | $91.8M |
| 毛利率 | 32.0% | 25.3% |
| 营业利润率 | 12.3% | 11.2% |
| 净利率 | 7.5% | 10.5% |
| 营收同比 | -2.8% | 16.2% |
| 净利润同比 | 21.3% | 59.1% |
| 每股收益（稀释后） | $1.22 | $4.51 |
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FULIESC
| Q4 25 | — | $871.0M | ||
| Q3 25 | $892.0M | $897.8M | ||
| Q2 25 | $898.1M | $890.2M | ||
| Q1 25 | — | $834.0M | ||
| Q4 24 | — | $749.5M | ||
| Q3 24 | $917.9M | $775.8M | ||
| Q2 24 | — | $768.4M | ||
| Q1 24 | $810.4M | $705.7M |
净利润FULIESC
| Q4 25 | — | $91.8M | ||
| Q3 25 | $67.2M | $102.3M | ||
| Q2 25 | $41.8M | $79.3M | ||
| Q1 25 | — | $72.6M | ||
| Q4 24 | — | $57.7M | ||
| Q3 24 | $55.4M | $65.5M | ||
| Q2 24 | — | $66.6M | ||
| Q1 24 | $31.0M | $56.8M |
毛利率FULIESC
| Q4 25 | — | 25.3% | ||
| Q3 25 | 32.0% | 26.0% | ||
| Q2 25 | 31.9% | 26.9% | ||
| Q1 25 | — | 25.0% | ||
| Q4 24 | — | 23.8% | ||
| Q3 24 | 30.0% | 24.0% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | 29.5% | 24.3% |
营业利润率FULIESC
| Q4 25 | — | 11.2% | ||
| Q3 25 | 12.3% | 11.6% | ||
| Q2 25 | 11.1% | 12.6% | ||
| Q1 25 | — | 11.1% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | 11.4% | 9.7% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | 8.3% | 11.0% |
净利率FULIESC
| Q4 25 | — | 10.5% | ||
| Q3 25 | 7.5% | 11.4% | ||
| Q2 25 | 4.7% | 8.9% | ||
| Q1 25 | — | 8.7% | ||
| Q4 24 | — | 7.7% | ||
| Q3 24 | 6.0% | 8.4% | ||
| Q2 24 | — | 8.7% | ||
| Q1 24 | 3.8% | 8.0% |
每股收益（稀释后）FULIESC
| Q4 25 | — | $4.51 | ||
| Q3 25 | $1.22 | $4.99 | ||
| Q2 25 | $0.76 | $3.81 | ||
| Q1 25 | — | $3.50 | ||
| Q4 24 | — | $2.72 | ||
| Q3 24 | $0.98 | $3.06 | ||
| Q2 24 | — | $2.67 | ||
| Q1 24 | $0.55 | $2.29 |
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 | $258.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $961.1M |
| 总资产 | $5.2B | $1.7B |
| 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FULIESC
| Q4 25 | — | $258.7M | ||
| Q3 25 | $122.5M | $231.8M | ||
| Q2 25 | $96.8M | $168.3M | ||
| Q1 25 | — | $88.3M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | $131.4M | $135.8M | ||
| Q2 24 | — | $44.9M | ||
| Q1 24 | $165.2M | $106.0M |
股东权益FULIESC
| Q4 25 | — | $961.1M | ||
| Q3 25 | $2.0B | $884.0M | ||
| Q2 25 | $1.9B | $781.4M | ||
| Q1 25 | — | $705.8M | ||
| Q4 24 | — | $652.4M | ||
| Q3 24 | $1.8B | $611.1M | ||
| Q2 24 | — | $567.5M | ||
| Q1 24 | $1.8B | $534.8M |
总资产FULIESC
| Q4 25 | — | $1.7B | ||
| Q3 25 | $5.2B | $1.6B | ||
| Q2 25 | $5.1B | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $5.0B | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $4.7B | $1.1B |
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 | $27.7M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $-18.9M |
| 自由现金流率自由现金流/营收 | 7.7% | -2.2% |
| 资本支出强度资本支出/营收 | 3.4% | 5.3% |
| 现金转化率经营现金流/净利润 | 1.47× | 0.30× |
| 过去12个月自由现金流最近4个季度 | — | $175.9M |
8季度趋势，按日历期对齐
经营现金流FULIESC
| Q4 25 | — | $27.7M | ||
| Q3 25 | $99.0M | $132.0M | ||
| Q2 25 | — | $92.0M | ||
| Q1 25 | — | $24.8M | ||
| Q4 24 | — | $37.3M | ||
| Q3 24 | $169.4M | $92.8M | ||
| Q2 24 | — | $82.9M | ||
| Q1 24 | $47.4M | $33.7M |
自由现金流FULIESC
| Q4 25 | — | $-18.9M | ||
| Q3 25 | $68.9M | $112.0M | ||
| Q2 25 | — | $74.8M | ||
| Q1 25 | — | $7.9M | ||
| Q4 24 | — | $24.1M | ||
| Q3 24 | $99.9M | $78.5M | ||
| Q2 24 | — | $65.4M | ||
| Q1 24 | $4.1M | $26.9M |
自由现金流率FULIESC
| Q4 25 | — | -2.2% | ||
| Q3 25 | 7.7% | 12.5% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | 10.9% | 10.1% | ||
| Q2 24 | — | 8.5% | ||
| Q1 24 | 0.5% | 3.8% |
资本支出强度FULIESC
| Q4 25 | — | 5.3% | ||
| Q3 25 | 3.4% | 2.2% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.8% | ||
| Q3 24 | 7.6% | 1.8% | ||
| Q2 24 | — | 2.3% | ||
| Q1 24 | 5.3% | 1.0% |
现金转化率FULIESC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 1.47× | 1.29× | ||
| Q2 25 | — | 1.16× | ||
| Q1 25 | — | 0.34× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | 3.06× | 1.42× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | 1.53× | 0.59× |
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% |
IESC
| Communications | $351.9M | 40% |
| Single Family Electrical Contracts | $137.0M | 16% |
| Custom Engineered Solutions | $116.0M | 13% |
| Commercialand Industrial | $94.8M | 11% |
| Single Family Contracts Plumbing HVAC | $82.9M | 10% |
| Multi Familyand Other | $64.2M | 7% |
| Industrial Services | $24.2M | 3% |
