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FULLER H B CO（FUL）与RBC Bearings INC（RBC）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RBC Bearings INC的1.9倍（$892.0M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 7.5%，领先7.1%），RBC Bearings INC同比增速更快（17.0% vs -2.8%），RBC Bearings INC自由现金流更多（$99.1M vs $68.9M），过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
FUL vs RBC — 直观对比
营收规模更大
FUL
是对方的1.9倍
$461.6M
营收增速更快
RBC
高出19.9%
-2.8%
净利率更高
RBC
高出7.1%
7.5%
自由现金流更多
RBC
多$30.2M
$68.9M
两年增速更快
RBC
近两年复合增速
5.0%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $461.6M |
| 净利润 | $67.2M | $67.4M |
| 毛利率 | 32.0% | 44.3% |
| 营业利润率 | 12.3% | 22.3% |
| 净利率 | 7.5% | 14.6% |
| 营收同比 | -2.8% | 17.0% |
| 净利润同比 | 21.3% | 16.4% |
| 每股收益（稀释后） | $1.22 | $2.13 |
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FULRBC
| Q4 25 | — | $461.6M | ||
| Q3 25 | $892.0M | $455.3M | ||
| Q2 25 | $898.1M | $436.0M | ||
| Q1 25 | — | $437.7M | ||
| Q4 24 | — | $394.4M | ||
| Q3 24 | $917.9M | $397.9M | ||
| Q2 24 | — | $406.3M | ||
| Q1 24 | $810.4M | $413.7M |
净利润FULRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $67.2M | $60.0M | ||
| Q2 25 | $41.8M | $68.5M | ||
| Q1 25 | — | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $55.4M | $54.2M | ||
| Q2 24 | — | $61.4M | ||
| Q1 24 | $31.0M | — |
毛利率FULRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | 32.0% | 44.1% | ||
| Q2 25 | 31.9% | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | 30.0% | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | 29.5% | 43.1% |
营业利润率FULRBC
| Q4 25 | — | 22.3% | ||
| Q3 25 | 12.3% | 21.5% | ||
| Q2 25 | 11.1% | 23.2% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 11.4% | 21.6% | ||
| Q2 24 | — | 24.0% | ||
| Q1 24 | 8.3% | 22.8% |
净利率FULRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | 7.5% | 13.2% | ||
| Q2 25 | 4.7% | 15.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 6.0% | 13.6% | ||
| Q2 24 | — | 15.1% | ||
| Q1 24 | 3.8% | — |
每股收益（稀释后）FULRBC
| Q4 25 | — | $2.13 | ||
| Q3 25 | $1.22 | $1.90 | ||
| Q2 25 | $0.76 | $2.17 | ||
| Q1 25 | — | $2.33 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | $0.98 | $1.65 | ||
| Q2 24 | — | $1.90 | ||
| Q1 24 | $0.55 | $1.92 |
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 | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $2.0B | $3.3B |
| 总资产 | $5.2B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资FULRBC
| Q4 25 | — | $107.6M | ||
| Q3 25 | $122.5M | $91.2M | ||
| Q2 25 | $96.8M | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $131.4M | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | $165.2M | $63.5M |
总债务FULRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益FULRBC
| Q4 25 | — | $3.3B | ||
| Q3 25 | $2.0B | $3.2B | ||
| Q2 25 | $1.9B | $3.1B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $1.8B | $2.9B | ||
| Q2 24 | — | $2.8B | ||
| Q1 24 | $1.8B | $2.8B |
总资产FULRBC
| Q4 25 | — | $5.1B | ||
| Q3 25 | $5.2B | $5.1B | ||
| Q2 25 | $5.1B | $4.8B | ||
| Q1 25 | — | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $5.0B | $4.7B | ||
| Q2 24 | — | $4.7B | ||
| Q1 24 | $4.7B | $4.7B |
负债/权益比FULRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 7.7% | 21.5% |
| 资本支出强度资本支出/营收 | 3.4% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.47× | 1.81× |
| 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FULRBC
| Q4 25 | — | $122.1M | ||
| Q3 25 | $99.0M | $88.4M | ||
| Q2 25 | — | $120.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | $169.4M | — | ||
| Q2 24 | — | $97.4M | ||
| Q1 24 | $47.4M | — |
自由现金流FULRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | $68.9M | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | $99.9M | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | $4.1M | — |
自由现金流率FULRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | 7.7% | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | 0.5% | — |
资本支出强度FULRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | 3.4% | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 7.6% | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 5.3% | — |
现金转化率FULRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 1.47× | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 3.06× | — | ||
| Q2 24 | — | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
