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FULLER H B CO（FUL）与先锋自然资源公司（PR）财务数据对比。点击上方公司名可切换其他公司
先锋自然资源公司的季度营收约是FULLER H B CO的1.3倍（$1.2B vs $892.0M），先锋自然资源公司净利率更高（29.0% vs 7.5%，领先21.5%），FULLER H B CO同比增速更快（-2.8% vs -9.8%），过去两年FULLER H B CO的营收复合增速更高（5.0% vs -3.0%）
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。
先锋自然资源公司总部位于美国得克萨斯州欧文市，主要从事油气勘探业务，运营覆盖二叠纪盆地Spraberry产区的克莱恩页岩区块，是该区域最大的土地权益持有方，2024年5月被埃克森美孚收购。
FUL vs PR — 直观对比
营收规模更大
PR
是对方的1.3倍
$892.0M
营收增速更快
FUL
高出7.0%
-9.8%
净利率更高
PR
高出21.5%
7.5%
两年增速更快
FUL
近两年复合增速
-3.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $1.2B |
| 净利润 | $67.2M | $339.5M |
| 毛利率 | 32.0% | — |
| 营业利润率 | 12.3% | 23.1% |
| 净利率 | 7.5% | 29.0% |
| 营收同比 | -2.8% | -9.8% |
| 净利润同比 | 21.3% | 56.7% |
| 每股收益（稀释后） | $1.22 | $0.48 |
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FULPR
| Q4 25 | — | $1.2B | ||
| Q3 25 | $892.0M | $1.3B | ||
| Q2 25 | $898.1M | $1.2B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $917.9M | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $810.4M | $1.2B |
净利润FULPR
| Q4 25 | — | $339.5M | ||
| Q3 25 | $67.2M | $59.2M | ||
| Q2 25 | $41.8M | $207.1M | ||
| Q1 25 | — | $329.3M | ||
| Q4 24 | — | $216.7M | ||
| Q3 24 | $55.4M | $386.4M | ||
| Q2 24 | — | $235.1M | ||
| Q1 24 | $31.0M | $146.6M |
毛利率FULPR
| 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FULPR
| Q4 25 | — | 23.1% | ||
| Q3 25 | 12.3% | 29.6% | ||
| Q2 25 | 11.1% | 24.8% | ||
| Q1 25 | — | 36.6% | ||
| Q4 24 | — | 32.8% | ||
| Q3 24 | 11.4% | 32.5% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | 8.3% | 37.7% |
净利率FULPR
| Q4 25 | — | 29.0% | ||
| Q3 25 | 7.5% | 4.5% | ||
| Q2 25 | 4.7% | 17.3% | ||
| Q1 25 | — | 23.9% | ||
| Q4 24 | — | 16.7% | ||
| Q3 24 | 6.0% | 31.8% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | 3.8% | 11.8% |
每股收益（稀释后）FULPR
| Q4 25 | — | $0.48 | ||
| Q3 25 | $1.22 | $0.08 | ||
| Q2 25 | $0.76 | $0.28 | ||
| Q1 25 | — | $0.44 | ||
| Q4 24 | — | $0.31 | ||
| Q3 24 | $0.98 | $0.53 | ||
| Q2 24 | — | $0.36 | ||
| Q1 24 | $0.55 | $0.25 |
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 | $153.7M |
| 总债务越低越好 | — | $3.5B |
| 股东权益账面价值 | $2.0B | $10.3B |
| 总资产 | $5.2B | $17.9B |
| 负债/权益比越低杠杆越低 | — | 0.34× |
8季度趋势，按日历期对齐
现金及短期投资FULPR
| Q4 25 | — | $153.7M | ||
| Q3 25 | $122.5M | $111.8M | ||
| Q2 25 | $96.8M | $451.0M | ||
| Q1 25 | — | $702.2M | ||
| Q4 24 | — | $479.3M | ||
| Q3 24 | $131.4M | $272.0M | ||
| Q2 24 | — | $47.8M | ||
| Q1 24 | $165.2M | $12.7M |
总债务FULPR
| Q4 25 | — | $3.5B | ||
| Q3 25 | — | $3.5B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.0B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | — | $3.9B | ||
| Q1 24 | — | $3.9B |
股东权益FULPR
| Q4 25 | — | $10.3B | ||
| Q3 25 | $2.0B | $10.0B | ||
| Q2 25 | $1.9B | $9.5B | ||
| Q1 25 | — | $9.4B | ||
| Q4 24 | — | $9.1B | ||
| Q3 24 | $1.8B | $9.0B | ||
| Q2 24 | — | $8.3B | ||
| Q1 24 | $1.8B | $7.0B |
总资产FULPR
| Q4 25 | — | $17.9B | ||
| Q3 25 | $5.2B | $17.3B | ||
| Q2 25 | $5.1B | $17.5B | ||
| Q1 25 | — | $17.1B | ||
| Q4 24 | — | $16.9B | ||
| Q3 24 | $5.0B | $16.6B | ||
| Q2 24 | — | $15.4B | ||
| Q1 24 | $4.7B | $15.1B |
负债/权益比FULPR
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | 0.42× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.47× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.56× |
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 | $904.3M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | — |
| 自由现金流率自由现金流/营收 | 7.7% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.47× | 2.66× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FULPR
| Q4 25 | — | $904.3M | ||
| Q3 25 | $99.0M | $766.5M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $898.0M | ||
| Q4 24 | — | $871.6M | ||
| Q3 24 | $169.4M | $954.4M | ||
| Q2 24 | — | $938.4M | ||
| Q1 24 | $47.4M | $647.6M |
自由现金流FULPR
| Q4 25 | — | — | ||
| Q3 25 | $68.9M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $99.9M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $4.1M | — |
自由现金流率FULPR
| Q4 25 | — | — | ||
| Q3 25 | 7.7% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.5% | — |
资本支出强度FULPR
| Q4 25 | — | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.6% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 5.3% | — |
现金转化率FULPR
| Q4 25 | — | 2.66× | ||
| Q3 25 | 1.47× | 12.94× | ||
| Q2 25 | — | 5.01× | ||
| Q1 25 | — | 2.73× | ||
| Q4 24 | — | 4.02× | ||
| Q3 24 | 3.06× | 2.47× | ||
| Q2 24 | — | 3.99× | ||
| Q1 24 | 1.53× | 4.42× |
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% |
PR
| Crude Oil | $1.0B | 87% |
| Natural Gas Liquids Reserves | $145.1M | 12% |
