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FULLER H B CO（FUL）与Primerica, Inc.（PRI）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Primerica, Inc.的1.0倍（$892.0M vs $853.7M），Primerica, Inc.净利率更高（23.1% vs 7.5%，领先15.6%），Primerica, Inc.同比增速更快（11.0% vs -2.8%），过去两年Primerica, Inc.的营收复合增速更高（7.2% 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。
Primerica, Inc.是一家采用多层次营销模式的金融服务机构，业务覆盖美国与加拿大市场，主要面向当地中等收入家庭提供保险、投资等多元化金融产品，满足客户的风险保障与差异化财富管理需求。
FUL vs PRI — 直观对比
营收规模更大
FUL
是对方的1.0倍
$853.7M
营收增速更快
PRI
高出13.9%
-2.8%
净利率更高
PRI
高出15.6%
7.5%
两年增速更快
PRI
近两年复合增速
5.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $853.7M |
| 净利润 | $67.2M | $197.0M |
| 毛利率 | 32.0% | — |
| 营业利润率 | 12.3% | 28.9% |
| 净利率 | 7.5% | 23.1% |
| 营收同比 | -2.8% | 11.0% |
| 净利润同比 | 21.3% | 17.9% |
| 每股收益（稀释后） | $1.22 | $6.11 |
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FULPRI
| Q4 25 | — | $853.7M | ||
| Q3 25 | $892.0M | $839.9M | ||
| Q2 25 | $898.1M | $793.3M | ||
| Q1 25 | — | $804.8M | ||
| Q4 24 | — | $768.8M | ||
| Q3 24 | $917.9M | $774.1M | ||
| Q2 24 | — | $803.4M | ||
| Q1 24 | $810.4M | $742.8M |
净利润FULPRI
| Q4 25 | — | $197.0M | ||
| Q3 25 | $67.2M | $206.8M | ||
| Q2 25 | $41.8M | $178.3M | ||
| Q1 25 | — | $169.1M | ||
| Q4 24 | — | $167.1M | ||
| Q3 24 | $55.4M | $164.4M | ||
| Q2 24 | — | $1.2M | ||
| Q1 24 | $31.0M | $137.9M |
毛利率FULPRI
| Q4 25 | — | — | ||
| Q3 25 | 32.0% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 30.0% | — | ||
| Q2 24 | — | 98.0% | ||
| Q1 24 | 29.5% | 98.2% |
营业利润率FULPRI
| Q4 25 | — | 28.9% | ||
| Q3 25 | 12.3% | 32.3% | ||
| Q2 25 | 11.1% | 29.6% | ||
| Q1 25 | — | 27.5% | ||
| Q4 24 | — | 64.7% | ||
| Q3 24 | 11.4% | 32.9% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | 8.3% | 24.1% |
净利率FULPRI
| Q4 25 | — | 23.1% | ||
| Q3 25 | 7.5% | 24.6% | ||
| Q2 25 | 4.7% | 22.5% | ||
| Q1 25 | — | 21.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 6.0% | 21.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | 3.8% | 18.6% |
每股收益（稀释后）FULPRI
| Q4 25 | — | $6.11 | ||
| Q3 25 | $1.22 | $6.35 | ||
| Q2 25 | $0.76 | $5.40 | ||
| Q1 25 | — | $5.05 | ||
| Q4 24 | — | $4.92 | ||
| Q3 24 | $0.98 | $4.83 | ||
| Q2 24 | — | $0.03 | ||
| Q1 24 | $0.55 | $3.93 |
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 | $756.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.4B |
| 总资产 | $5.2B | $15.0B |
| 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FULPRI
| Q4 25 | — | $756.2M | ||
| Q3 25 | $122.5M | $644.9M | ||
| Q2 25 | $96.8M | $621.2M | ||
| Q1 25 | — | $625.1M | ||
| Q4 24 | — | $687.8M | ||
| Q3 24 | $131.4M | $550.1M | ||
| Q2 24 | — | $627.3M | ||
| Q1 24 | $165.2M | $593.4M |
股东权益FULPRI
| Q4 25 | — | $2.4B | ||
| Q3 25 | $2.0B | $2.3B | ||
| Q2 25 | $1.9B | $2.3B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $1.8B | $1.9B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | $1.8B | $2.2B |
总资产FULPRI
| Q4 25 | — | $15.0B | ||
| Q3 25 | $5.2B | $14.8B | ||
| Q2 25 | $5.1B | $14.8B | ||
| Q1 25 | — | $14.6B | ||
| Q4 24 | — | $14.6B | ||
| Q3 24 | $5.0B | $14.8B | ||
| Q2 24 | — | $14.6B | ||
| Q1 24 | $4.7B | $14.9B |
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 | $338.2M |
| 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× | 1.72× |
| 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FULPRI
| Q4 25 | — | $338.2M | ||
| Q3 25 | $99.0M | $202.9M | ||
| Q2 25 | — | $162.6M | ||
| Q1 25 | — | $197.5M | ||
| Q4 24 | — | $270.6M | ||
| Q3 24 | $169.4M | $207.3M | ||
| Q2 24 | — | $173.3M | ||
| Q1 24 | $47.4M | $210.9M |
自由现金流FULPRI
| 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FULPRI
| 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FULPRI
| 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FULPRI
| Q4 25 | — | 1.72× | ||
| Q3 25 | 1.47× | 0.98× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 1.62× | ||
| Q3 24 | 3.06× | 1.26× | ||
| Q2 24 | — | 147.98× | ||
| Q1 24 | 1.53× | 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% |
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
