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FULLER H B CO（FUL）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.0倍（$892.0M vs $871.9M），FULLER H B CO净利率更高（7.5% vs 2.2%，领先5.4%），Worthington Steel, Inc.同比增速更快（18.0% vs -2.8%），Worthington Steel, Inc.自由现金流更多（$74.6M vs $68.9M），过去两年FULLER H B CO的营收复合增速更高（5.0% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
FUL vs WS — 直观对比
营收规模更大
FUL
是对方的1.0倍
$871.9M
营收增速更快
WS
高出20.8%
-2.8%
净利率更高
FUL
高出5.4%
2.2%
自由现金流更多
WS
多$5.7M
$68.9M
两年增速更快
FUL
近两年复合增速
3.9%
损益表 — Q3 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $892.0M | $871.9M |
| 净利润 | $67.2M | $18.8M |
| 毛利率 | 32.0% | 10.7% |
| 营业利润率 | 12.3% | 2.5% |
| 净利率 | 7.5% | 2.2% |
| 营收同比 | -2.8% | 18.0% |
| 净利润同比 | 21.3% | 46.9% |
| 每股收益（稀释后） | $1.22 | $0.37 |
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FULWS
| Q4 25 | — | $871.9M | ||
| Q3 25 | $892.0M | $872.9M | ||
| Q2 25 | $898.1M | $832.9M | ||
| Q1 25 | — | $687.4M | ||
| Q4 24 | — | $739.0M | ||
| Q3 24 | $917.9M | $834.0M | ||
| Q1 24 | $810.4M | $805.8M | ||
| Q4 23 | $902.9M | $808.0M |
净利润FULWS
| Q4 25 | — | $18.8M | ||
| Q3 25 | $67.2M | $36.8M | ||
| Q2 25 | $41.8M | $55.7M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | — | $12.8M | ||
| Q3 24 | $55.4M | $28.4M | ||
| Q1 24 | $31.0M | $49.0M | ||
| Q4 23 | $45.0M | $-6.0M |
毛利率FULWS
| Q4 25 | — | 10.7% | ||
| Q3 25 | 32.0% | 13.2% | ||
| Q2 25 | 31.9% | 15.2% | ||
| Q1 25 | — | 11.8% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 30.0% | 12.0% | ||
| Q1 24 | 29.5% | 14.9% | ||
| Q4 23 | 30.3% | 7.5% |
营业利润率FULWS
| Q4 25 | — | 2.5% | ||
| Q3 25 | 12.3% | 5.5% | ||
| Q2 25 | 11.1% | 8.0% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 11.4% | 5.2% | ||
| Q1 24 | 8.3% | 8.2% | ||
| Q4 23 | 12.6% | -1.1% |
净利率FULWS
| Q4 25 | — | 2.2% | ||
| Q3 25 | 7.5% | 4.2% | ||
| Q2 25 | 4.7% | 6.7% | ||
| Q1 25 | — | 2.0% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 6.0% | 3.4% | ||
| Q1 24 | 3.8% | 6.1% | ||
| Q4 23 | 5.0% | -0.7% |
每股收益（稀释后）FULWS
| Q4 25 | — | $0.37 | ||
| Q3 25 | $1.22 | $0.72 | ||
| Q2 25 | $0.76 | $1.11 | ||
| Q1 25 | — | $0.27 | ||
| Q4 24 | — | $0.25 | ||
| Q3 24 | $0.98 | $0.56 | ||
| Q1 24 | $0.55 | $0.98 | ||
| Q4 23 | $0.80 | $-0.12 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $2.0B | $1.1B |
| 总资产 | $5.2B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资FULWS
| Q4 25 | — | $89.8M | ||
| Q3 25 | $122.5M | $78.3M | ||
| Q2 25 | $96.8M | $38.0M | ||
| Q1 25 | — | $63.3M | ||
| Q4 24 | — | $52.0M | ||
| Q3 24 | $131.4M | $36.0M | ||
| Q1 24 | $165.2M | $60.8M | ||
| Q4 23 | $179.5M | $214.4M |
总债务FULWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q1 24 | — | $147.2M | ||
| Q4 23 | $1.8B | $195.0M |
股东权益FULWS
| Q4 25 | — | $1.1B | ||
| Q3 25 | $2.0B | $1.1B | ||
| Q2 25 | $1.9B | $1.1B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | $1.8B | $1.0B | ||
| Q1 24 | $1.8B | $937.6M | ||
| Q4 23 | $1.8B | $1.0B |
总资产FULWS
| Q4 25 | — | $2.1B | ||
| Q3 25 | $5.2B | $2.2B | ||
| Q2 25 | $5.1B | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | $5.0B | $1.8B | ||
| Q1 24 | $4.7B | $1.8B | ||
| Q4 23 | $4.7B | $1.9B |
负债/权益比FULWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q1 24 | — | 0.16× | ||
| Q4 23 | 1.05× | 0.19× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $68.9M | $74.6M |
| 自由现金流率自由现金流/营收 | 7.7% | 8.6% |
| 资本支出强度资本支出/营收 | 3.4% | 2.8% |
| 现金转化率经营现金流/净利润 | 1.47× | 5.28× |
| 过去12个月自由现金流最近4个季度 | — | $72.5M |
8季度趋势，按日历期对齐
经营现金流FULWS
| Q4 25 | — | $99.3M | ||
| Q3 25 | $99.0M | $-6.3M | ||
| Q2 25 | — | $53.9M | ||
| Q1 25 | — | $53.8M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | $169.4M | $54.6M | ||
| Q1 24 | $47.4M | $44.7M | ||
| Q4 23 | $161.7M | $139.9M |
自由现金流FULWS
| Q4 25 | — | $74.6M | ||
| Q3 25 | $68.9M | $-35.7M | ||
| Q2 25 | — | $8.4M | ||
| Q1 25 | — | $25.2M | ||
| Q4 24 | — | $33.2M | ||
| Q3 24 | $99.9M | $33.1M | ||
| Q1 24 | $4.1M | $22.3M | ||
| Q4 23 | $152.1M | $121.0M |
自由现金流率FULWS
| Q4 25 | — | 8.6% | ||
| Q3 25 | 7.7% | -4.1% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 10.9% | 4.0% | ||
| Q1 24 | 0.5% | 2.8% | ||
| Q4 23 | 16.8% | 15.0% |
资本支出强度FULWS
| Q4 25 | — | 2.8% | ||
| Q3 25 | 3.4% | 3.4% | ||
| Q2 25 | — | 5.5% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | 7.6% | 2.6% | ||
| Q1 24 | 5.3% | 2.8% | ||
| Q4 23 | 1.1% | 2.3% |
现金转化率FULWS
| Q4 25 | — | 5.28× | ||
| Q3 25 | 1.47× | -0.17× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | 3.90× | ||
| Q4 24 | — | 5.31× | ||
| Q3 24 | 3.06× | 1.92× | ||
| Q1 24 | 1.53× | 0.91× | ||
| Q4 23 | 3.59× | — |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
