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FULLER H B CO（FUL）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.2倍（$892.0M vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 7.5%，领先27.1%），Reddit, Inc.同比增速更快（69.7% vs -2.8%），Reddit, Inc.自由现金流更多（$263.6M vs $68.9M），过去两年Reddit, Inc.的营收复合增速更高（72.8% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
FUL vs RDDT — 直观对比
营收规模更大
FUL
是对方的1.2倍
$725.6M
营收增速更快
RDDT
高出72.5%
-2.8%
净利率更高
RDDT
高出27.1%
7.5%
自由现金流更多
RDDT
多$194.7M
$68.9M
两年增速更快
RDDT
近两年复合增速
5.0%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $725.6M |
| 净利润 | $67.2M | $251.6M |
| 毛利率 | 32.0% | 91.9% |
| 营业利润率 | 12.3% | 31.9% |
| 净利率 | 7.5% | 34.7% |
| 营收同比 | -2.8% | 69.7% |
| 净利润同比 | 21.3% | 254.2% |
| 每股收益（稀释后） | $1.22 | $1.24 |
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FULRDDT
| Q4 25 | — | $725.6M | ||
| Q3 25 | $892.0M | $584.9M | ||
| Q2 25 | $898.1M | $499.6M | ||
| Q1 25 | — | $392.4M | ||
| Q4 24 | — | $427.7M | ||
| Q3 24 | $917.9M | $348.4M | ||
| Q2 24 | — | $281.2M | ||
| Q1 24 | $810.4M | $243.0M |
净利润FULRDDT
| Q4 25 | — | $251.6M | ||
| Q3 25 | $67.2M | $162.7M | ||
| Q2 25 | $41.8M | $89.3M | ||
| Q1 25 | — | $26.2M | ||
| Q4 24 | — | $71.0M | ||
| Q3 24 | $55.4M | $29.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | $31.0M | $-575.1M |
毛利率FULRDDT
| Q4 25 | — | 91.9% | ||
| Q3 25 | 32.0% | 91.0% | ||
| Q2 25 | 31.9% | 90.8% | ||
| Q1 25 | — | 90.5% | ||
| Q4 24 | — | 92.6% | ||
| Q3 24 | 30.0% | 90.1% | ||
| Q2 24 | — | 89.5% | ||
| Q1 24 | 29.5% | 88.6% |
营业利润率FULRDDT
| Q4 25 | — | 31.9% | ||
| Q3 25 | 12.3% | 23.7% | ||
| Q2 25 | 11.1% | 13.6% | ||
| Q1 25 | — | 1.0% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | 11.4% | 2.0% | ||
| Q2 24 | — | -11.0% | ||
| Q1 24 | 8.3% | -242.5% |
净利率FULRDDT
| Q4 25 | — | 34.7% | ||
| Q3 25 | 7.5% | 27.8% | ||
| Q2 25 | 4.7% | 17.9% | ||
| Q1 25 | — | 6.7% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 6.0% | 8.6% | ||
| Q2 24 | — | -3.6% | ||
| Q1 24 | 3.8% | -236.7% |
每股收益（稀释后）FULRDDT
| Q4 25 | — | $1.24 | ||
| Q3 25 | $1.22 | $0.80 | ||
| Q2 25 | $0.76 | $0.45 | ||
| Q1 25 | — | $0.13 | ||
| Q4 24 | — | $4.76 | ||
| Q3 24 | $0.98 | $0.16 | ||
| Q2 24 | — | $-0.06 | ||
| Q1 24 | $0.55 | $-8.19 |
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 | $953.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $2.9B |
| 总资产 | $5.2B | $3.2B |
| 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FULRDDT
| Q4 25 | — | $953.6M | ||
| Q3 25 | $122.5M | $911.7M | ||
| Q2 25 | $96.8M | $734.1M | ||
| Q1 25 | — | $635.7M | ||
| Q4 24 | — | $562.1M | ||
| Q3 24 | $131.4M | $515.9M | ||
| Q2 24 | — | $468.0M | ||
| Q1 24 | $165.2M | $968.5M |
股东权益FULRDDT
| Q4 25 | — | $2.9B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | $1.8B | $2.0B | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | $1.8B | $1.8B |
总资产FULRDDT
| Q4 25 | — | $3.2B | ||
| Q3 25 | $5.2B | $2.9B | ||
| Q2 25 | $5.1B | $2.6B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.3B | ||
| Q3 24 | $5.0B | $2.2B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | $4.7B | $2.0B |
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 | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $263.6M |
| 自由现金流率自由现金流/营收 | 7.7% | 36.3% |
| 资本支出强度资本支出/营收 | 3.4% | 0.4% |
| 现金转化率经营现金流/净利润 | 1.47× | 1.06× |
| 过去12个月自由现金流最近4个季度 | — | $684.2M |
8季度趋势，按日历期对齐
经营现金流FULRDDT
| Q4 25 | — | $266.8M | ||
| Q3 25 | $99.0M | $185.2M | ||
| Q2 25 | — | $111.3M | ||
| Q1 25 | — | $127.6M | ||
| Q4 24 | — | $90.0M | ||
| Q3 24 | $169.4M | $71.6M | ||
| Q2 24 | — | $28.4M | ||
| Q1 24 | $47.4M | $32.1M |
自由现金流FULRDDT
| Q4 25 | — | $263.6M | ||
| Q3 25 | $68.9M | $183.1M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $126.6M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | $99.9M | $70.3M | ||
| Q2 24 | — | $27.2M | ||
| Q1 24 | $4.1M | $29.2M |
自由现金流率FULRDDT
| Q4 25 | — | 36.3% | ||
| Q3 25 | 7.7% | 31.3% | ||
| Q2 25 | — | 22.2% | ||
| Q1 25 | — | 32.3% | ||
| Q4 24 | — | 20.8% | ||
| Q3 24 | 10.9% | 20.2% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | 0.5% | 12.0% |
资本支出强度FULRDDT
| Q4 25 | — | 0.4% | ||
| Q3 25 | 3.4% | 0.4% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 7.6% | 0.4% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | 5.3% | 1.2% |
现金转化率FULRDDT
| Q4 25 | — | 1.06× | ||
| Q3 25 | 1.47× | 1.14× | ||
| Q2 25 | — | 1.25× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 3.06× | 2.40× | ||
| Q2 24 | — | — | ||
| 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% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
