vs
FULLER H B CO（FUL）与Old Dominion（ODFL）财务数据对比。点击上方公司名可切换其他公司
Old Dominion的季度营收约是FULLER H B CO的1.5倍（$1.3B vs $892.0M），Old Dominion净利率更高（17.6% vs 7.5%，领先10.0%），FULLER H B CO同比增速更快（-2.8% vs -5.7%），Old Dominion自由现金流更多（$264.5M vs $68.9M），过去两年FULLER H B CO的营收复合增速更高（5.0% vs -5.4%）
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。
Old Dominion Freight Line（简称ODFL）是美国领先的零担货运企业，服务覆盖区域、跨区域及全国范围。除核心零担货运业务外，公司还提供加急运输、综合物流及家庭搬家服务，拥有成熟的运营网络，可满足不同客户的多元运输需求。
FUL vs ODFL — 直观对比
营收规模更大
ODFL
是对方的1.5倍
$892.0M
营收增速更快
FUL
高出2.8%
-5.7%
净利率更高
ODFL
高出10.0%
7.5%
自由现金流更多
ODFL
多$195.6M
$68.9M
两年增速更快
FUL
近两年复合增速
-5.4%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $1.3B |
| 净利润 | $67.2M | $229.5M |
| 毛利率 | 32.0% | — |
| 营业利润率 | 12.3% | 23.3% |
| 净利率 | 7.5% | 17.6% |
| 营收同比 | -2.8% | -5.7% |
| 净利润同比 | 21.3% | -12.8% |
| 每股收益（稀释后） | $1.22 | $1.10 |
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FULODFL
| Q4 25 | — | $1.3B | ||
| Q3 25 | $892.0M | $1.4B | ||
| Q2 25 | $898.1M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $917.9M | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $810.4M | $1.5B |
净利润FULODFL
| Q4 25 | — | $229.5M | ||
| Q3 25 | $67.2M | $270.9M | ||
| Q2 25 | $41.8M | $268.6M | ||
| Q1 25 | — | $254.7M | ||
| Q4 24 | — | $263.1M | ||
| Q3 24 | $55.4M | $308.6M | ||
| Q2 24 | — | $322.0M | ||
| Q1 24 | $31.0M | $292.3M |
毛利率FULODFL
| Q4 25 | — | — | ||
| Q3 25 | 32.0% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 29.5% | — |
营业利润率FULODFL
| Q4 25 | — | 23.3% | ||
| Q3 25 | 12.3% | 25.7% | ||
| Q2 25 | 11.1% | 25.4% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | — | 24.1% | ||
| Q3 24 | 11.4% | 27.3% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | 8.3% | 26.5% |
净利率FULODFL
| Q4 25 | — | 17.6% | ||
| Q3 25 | 7.5% | 19.3% | ||
| Q2 25 | 4.7% | 19.1% | ||
| Q1 25 | — | 18.5% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | 6.0% | 21.0% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | 3.8% | 20.0% |
每股收益（稀释后）FULODFL
| Q4 25 | — | $1.10 | ||
| Q3 25 | $1.22 | $1.28 | ||
| Q2 25 | $0.76 | $1.27 | ||
| Q1 25 | — | $1.19 | ||
| Q4 24 | — | $1.23 | ||
| Q3 24 | $0.98 | $1.43 | ||
| Q2 24 | — | $1.48 | ||
| Q1 24 | $0.55 | $1.34 |
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 | $120.1M |
| 总债务越低越好 | — | $20.0M |
| 股东权益账面价值 | $2.0B | $4.3B |
| 总资产 | $5.2B | $5.5B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资FULODFL
| Q4 25 | — | $120.1M | ||
| Q3 25 | $122.5M | $46.6M | ||
| Q2 25 | $96.8M | $24.1M | ||
| Q1 25 | — | $97.2M | ||
| Q4 24 | — | $108.7M | ||
| Q3 24 | $131.4M | $74.2M | ||
| Q2 24 | — | $104.6M | ||
| Q1 24 | $165.2M | $581.0M |
总债务FULODFL
| Q4 25 | — | $20.0M | ||
| Q3 25 | — | $65.0M | ||
| Q2 25 | — | $150.0M | ||
| Q1 25 | — | $40.0M | ||
| Q4 24 | — | $40.0M | ||
| Q3 24 | — | $40.0M | ||
| Q2 24 | — | $40.0M | ||
| Q1 24 | — | $60.0M |
股东权益FULODFL
| Q4 25 | — | $4.3B | ||
| Q3 25 | $2.0B | $4.3B | ||
| Q2 25 | $1.9B | $4.2B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | $1.8B | $4.2B | ||
| Q2 24 | — | $4.1B | ||
| Q1 24 | $1.8B | $4.4B |
总资产FULODFL
| Q4 25 | — | $5.5B | ||
| Q3 25 | $5.2B | $5.5B | ||
| Q2 25 | $5.1B | $5.6B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | — | $5.5B | ||
| Q3 24 | $5.0B | $5.4B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | $4.7B | $5.7B |
负债/权益比FULODFL
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.02× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.01× |
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 | $310.3M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $264.5M |
| 自由现金流率自由现金流/营收 | 7.7% | 20.2% |
| 资本支出强度资本支出/营收 | 3.4% | 3.5% |
| 现金转化率经营现金流/净利润 | 1.47× | 1.35× |
| 过去12个月自由现金流最近4个季度 | — | $955.1M |
8季度趋势，按日历期对齐
经营现金流FULODFL
| Q4 25 | — | $310.3M | ||
| Q3 25 | $99.0M | $437.5M | ||
| Q2 25 | — | $285.8M | ||
| Q1 25 | — | $336.5M | ||
| Q4 24 | — | $401.1M | ||
| Q3 24 | $169.4M | $446.5M | ||
| Q2 24 | — | $387.9M | ||
| Q1 24 | $47.4M | $423.9M |
自由现金流FULODFL
| Q4 25 | — | $264.5M | ||
| Q3 25 | $68.9M | $343.5M | ||
| Q2 25 | — | $98.7M | ||
| Q1 25 | — | $248.4M | ||
| Q4 24 | — | $230.1M | ||
| Q3 24 | $99.9M | $203.7M | ||
| Q2 24 | — | $149.7M | ||
| Q1 24 | $4.1M | $304.4M |
自由现金流率FULODFL
| Q4 25 | — | 20.2% | ||
| Q3 25 | 7.7% | 24.4% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 10.9% | 13.9% | ||
| Q2 24 | — | 10.0% | ||
| Q1 24 | 0.5% | 20.8% |
资本支出强度FULODFL
| Q4 25 | — | 3.5% | ||
| Q3 25 | 3.4% | 6.7% | ||
| Q2 25 | — | 13.3% | ||
| Q1 25 | — | 6.4% | ||
| Q4 24 | — | 12.3% | ||
| Q3 24 | 7.6% | 16.5% | ||
| Q2 24 | — | 15.9% | ||
| Q1 24 | 5.3% | 8.2% |
现金转化率FULODFL
| Q4 25 | — | 1.35× | ||
| Q3 25 | 1.47× | 1.61× | ||
| Q2 25 | — | 1.06× | ||
| Q1 25 | — | 1.32× | ||
| Q4 24 | — | 1.52× | ||
| Q3 24 | 3.06× | 1.45× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | 1.53× | 1.45× |
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% |
ODFL
| LTL Service Revenue | $1.3B | 99% |
| Other Service Revenue | $11.4M | 1% |
