vs
FULLER H B CO（FUL）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是FULLER H B CO的1.5倍（$1.3B vs $892.0M），FULLER H B CO同比增速更快（-2.8% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $68.9M），过去两年FULLER H B CO的营收复合增速更高（5.0% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
FUL vs RHI — 直观对比
营收规模更大
RHI
是对方的1.5倍
$892.0M
营收增速更快
FUL
高出3.0%
-5.8%
自由现金流更多
RHI
多$101.9M
$68.9M
两年增速更快
FUL
近两年复合增速
-6.1%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $1.3B |
| 净利润 | $67.2M | — |
| 毛利率 | 32.0% | 37.6% |
| 营业利润率 | 12.3% | 1.7% |
| 净利率 | 7.5% | — |
| 营收同比 | -2.8% | -5.8% |
| 净利润同比 | 21.3% | — |
| 每股收益（稀释后） | $1.22 | $0.32 |
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FULRHI
| Q4 25 | — | $1.3B | ||
| Q3 25 | $892.0M | $1.4B | ||
| Q2 25 | $898.1M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $917.9M | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $810.4M | $1.5B |
净利润FULRHI
| Q4 25 | — | — | ||
| Q3 25 | $67.2M | $42.9M | ||
| Q2 25 | $41.8M | $41.0M | ||
| Q1 25 | — | $17.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | $55.4M | $65.5M | ||
| Q2 24 | — | $68.2M | ||
| Q1 24 | $31.0M | $63.7M |
毛利率FULRHI
| Q4 25 | — | 37.6% | ||
| Q3 25 | 32.0% | 37.2% | ||
| Q2 25 | 31.9% | 37.2% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | 30.0% | 39.0% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | 29.5% | 38.1% |
营业利润率FULRHI
| Q4 25 | — | 1.7% | ||
| Q3 25 | 12.3% | 1.0% | ||
| Q2 25 | 11.1% | 0.1% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 11.4% | 4.1% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | 8.3% | 2.8% |
净利率FULRHI
| Q4 25 | — | — | ||
| Q3 25 | 7.5% | 3.2% | ||
| Q2 25 | 4.7% | 3.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.0% | 4.5% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | 3.8% | 4.3% |
每股收益（稀释后）FULRHI
| Q4 25 | — | $0.32 | ||
| Q3 25 | $1.22 | $0.43 | ||
| Q2 25 | $0.76 | $0.41 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | $0.98 | $0.64 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | $0.55 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.0B | $1.3B |
| 总资产 | $5.2B | $2.9B |
| 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FULRHI
| Q4 25 | — | $464.4M | ||
| Q3 25 | $122.5M | $365.3M | ||
| Q2 25 | $96.8M | $380.5M | ||
| Q1 25 | — | $342.5M | ||
| Q4 24 | — | $537.6M | ||
| Q3 24 | $131.4M | $570.5M | ||
| Q2 24 | — | $547.4M | ||
| Q1 24 | $165.2M | $540.9M |
股东权益FULRHI
| Q4 25 | — | $1.3B | ||
| Q3 25 | $2.0B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | $1.8B | $1.5B |
总资产FULRHI
| Q4 25 | — | $2.9B | ||
| Q3 25 | $5.2B | $2.8B | ||
| Q2 25 | $5.1B | $2.8B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $5.0B | $3.0B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | $4.7B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $170.8M |
| 自由现金流率自由现金流/营收 | 7.7% | 13.1% |
| 资本支出强度资本支出/营收 | 3.4% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.47× | — |
| 过去12个月自由现金流最近4个季度 | — | $266.8M |
8季度趋势，按日历期对齐
经营现金流FULRHI
| Q4 25 | — | $182.5M | ||
| Q3 25 | $99.0M | $77.4M | ||
| Q2 25 | — | $119.4M | ||
| Q1 25 | — | $-59.3M | ||
| Q4 24 | — | $154.8M | ||
| Q3 24 | $169.4M | $129.6M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | $47.4M | $-15.9M |
自由现金流FULRHI
| Q4 25 | — | $170.8M | ||
| Q3 25 | $68.9M | $63.6M | ||
| Q2 25 | — | $104.2M | ||
| Q1 25 | — | $-71.7M | ||
| Q4 24 | — | $140.5M | ||
| Q3 24 | $99.9M | $111.8M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | $4.1M | $-27.7M |
自由现金流率FULRHI
| Q4 25 | — | 13.1% | ||
| Q3 25 | 7.7% | 4.7% | ||
| Q2 25 | — | 7.6% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | 10.9% | 7.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | 0.5% | -1.9% |
资本支出强度FULRHI
| Q4 25 | — | 0.9% | ||
| Q3 25 | 3.4% | 1.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | 7.6% | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | 5.3% | 0.8% |
现金转化率FULRHI
| Q4 25 | — | — | ||
| Q3 25 | 1.47× | 1.80× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.06× | 1.98× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | 1.53× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
