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FULLER H B CO（FUL）与OUTFRONT Media Inc.（OUT）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OUTFRONT Media Inc.的1.7倍（$892.0M vs $513.3M），OUTFRONT Media Inc.净利率更高（18.9% vs 7.5%，领先11.3%），OUTFRONT Media Inc.同比增速更快（4.1% vs -2.8%），OUTFRONT Media Inc.自由现金流更多（$93.3M vs $68.9M），过去两年OUTFRONT Media Inc.的营收复合增速更高（12.1% 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。
OUTFRONT Media Inc.是一家美国广告企业，业务覆盖美国本土，由首席执行官Nick Brien领导美洲区业务，核心经营广告牌及公共交通展示广告两大业务板块，是户外广告领域的重要参与者。
FUL vs OUT — 直观对比
营收规模更大
FUL
是对方的1.7倍
$513.3M
营收增速更快
OUT
高出6.9%
-2.8%
净利率更高
OUT
高出11.3%
7.5%
自由现金流更多
OUT
多$24.4M
$68.9M
两年增速更快
OUT
近两年复合增速
5.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $513.3M |
| 净利润 | $67.2M | $96.8M |
| 毛利率 | 32.0% | — |
| 营业利润率 | 12.3% | 26.0% |
| 净利率 | 7.5% | 18.9% |
| 营收同比 | -2.8% | 4.1% |
| 净利润同比 | 21.3% | 30.8% |
| 每股收益（稀释后） | $1.22 | $0.57 |
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FULOUT
| Q4 25 | — | $513.3M | ||
| Q3 25 | $892.0M | $467.5M | ||
| Q2 25 | $898.1M | $460.2M | ||
| Q1 25 | — | $390.7M | ||
| Q4 24 | — | $493.2M | ||
| Q3 24 | $917.9M | $451.9M | ||
| Q2 24 | — | $477.3M | ||
| Q1 24 | $810.4M | $408.5M |
净利润FULOUT
| Q4 25 | — | $96.8M | ||
| Q3 25 | $67.2M | $51.3M | ||
| Q2 25 | $41.8M | $19.5M | ||
| Q1 25 | — | $-20.6M | ||
| Q4 24 | — | $74.0M | ||
| Q3 24 | $55.4M | $34.6M | ||
| Q2 24 | — | $176.8M | ||
| Q1 24 | $31.0M | $-27.2M |
毛利率FULOUT
| 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FULOUT
| Q4 25 | — | 26.0% | ||
| Q3 25 | 12.3% | 19.2% | ||
| Q2 25 | 11.1% | 12.2% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | 11.4% | 15.8% | ||
| Q2 24 | — | 48.0% | ||
| Q1 24 | 8.3% | 3.4% |
净利率FULOUT
| Q4 25 | — | 18.9% | ||
| Q3 25 | 7.5% | 11.0% | ||
| Q2 25 | 4.7% | 4.2% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 15.0% | ||
| Q3 24 | 6.0% | 7.7% | ||
| Q2 24 | — | 37.0% | ||
| Q1 24 | 3.8% | -6.7% |
每股收益（稀释后）FULOUT
| Q4 25 | — | $0.57 | ||
| Q3 25 | $1.22 | $0.29 | ||
| Q2 25 | $0.76 | $0.10 | ||
| Q1 25 | — | $-0.14 | ||
| Q4 24 | — | $0.49 | ||
| Q3 24 | $0.98 | $0.19 | ||
| Q2 24 | — | $1.01 | ||
| Q1 24 | $0.55 | $-0.18 |
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 | $99.9M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $710.4M |
| 总资产 | $5.2B | $5.3B |
| 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FULOUT
| Q4 25 | — | $99.9M | ||
| Q3 25 | $122.5M | $63.0M | ||
| Q2 25 | $96.8M | $28.5M | ||
| Q1 25 | — | $30.5M | ||
| Q4 24 | — | $46.9M | ||
| Q3 24 | $131.4M | $28.0M | ||
| Q2 24 | — | $49.6M | ||
| Q1 24 | $165.2M | $42.4M |
股东权益FULOUT
| Q4 25 | — | $710.4M | ||
| Q3 25 | $2.0B | $542.6M | ||
| Q2 25 | $1.9B | $539.1M | ||
| Q1 25 | — | $566.9M | ||
| Q4 24 | — | $649.0M | ||
| Q3 24 | $1.8B | $618.2M | ||
| Q2 24 | — | $664.9M | ||
| Q1 24 | $1.8B | $524.2M |
总资产FULOUT
| Q4 25 | — | $5.3B | ||
| Q3 25 | $5.2B | $5.2B | ||
| Q2 25 | $5.1B | $5.1B | ||
| Q1 25 | — | $5.1B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $5.0B | $5.2B | ||
| Q2 24 | — | $5.3B | ||
| Q1 24 | $4.7B | $5.5B |
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 | $118.1M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $93.3M |
| 自由现金流率自由现金流/营收 | 7.7% | 18.2% |
| 资本支出强度资本支出/营收 | 3.4% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.47× | 1.22× |
| 过去12个月自由现金流最近4个季度 | — | $218.8M |
8季度趋势，按日历期对齐
经营现金流FULOUT
| Q4 25 | — | $118.1M | ||
| Q3 25 | $99.0M | $88.8M | ||
| Q2 25 | — | $67.1M | ||
| Q1 25 | — | $33.6M | ||
| Q4 24 | — | $124.5M | ||
| Q3 24 | $169.4M | $73.1M | ||
| Q2 24 | — | $71.0M | ||
| Q1 24 | $47.4M | $30.6M |
自由现金流FULOUT
| Q4 25 | — | $93.3M | ||
| Q3 25 | $68.9M | $67.7M | ||
| Q2 25 | — | $41.4M | ||
| Q1 25 | — | $16.4M | ||
| Q4 24 | — | $106.3M | ||
| Q3 24 | $99.9M | $55.5M | ||
| Q2 24 | — | $47.1M | ||
| Q1 24 | $4.1M | $12.2M |
自由现金流率FULOUT
| Q4 25 | — | 18.2% | ||
| Q3 25 | 7.7% | 14.5% | ||
| Q2 25 | — | 9.0% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | 10.9% | 12.3% | ||
| Q2 24 | — | 9.9% | ||
| Q1 24 | 0.5% | 3.0% |
资本支出强度FULOUT
| Q4 25 | — | 4.8% | ||
| Q3 25 | 3.4% | 4.5% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 4.4% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 7.6% | 3.9% | ||
| Q2 24 | — | 5.0% | ||
| Q1 24 | 5.3% | 4.5% |
现金转化率FULOUT
| Q4 25 | — | 1.22× | ||
| Q3 25 | 1.47× | 1.73× | ||
| Q2 25 | — | 3.44× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | 3.06× | 2.11× | ||
| Q2 24 | — | 0.40× | ||
| Q1 24 | 1.53× | — |
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% |
OUT
| Static Displays | $236.3M | 46% |
| Other | $134.8M | 26% |
| Digital Displays | $125.3M | 24% |
| Other Revenues | $1.9M | 0% |
