vs
佳明（GRMN）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
佳明的季度营收约是罗致恒富的1.3倍（$1.8B vs $1.3B），佳明同比增速更快（14.0% vs -5.8%），佳明自由现金流更多（$469.4M vs $170.8M），过去两年佳明的营收复合增速更高（7.9% vs -6.1%）
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
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。
GRMN vs RHI — 直观对比
营收规模更大
GRMN
是对方的1.3倍
$1.3B
营收增速更快
GRMN
高出19.8%
-5.8%
自由现金流更多
GRMN
多$298.6M
$170.8M
两年增速更快
GRMN
近两年复合增速
-6.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $405.1M | — |
| 毛利率 | 59.4% | 37.6% |
| 营业利润率 | 24.6% | 1.7% |
| 净利率 | 23.1% | — |
| 营收同比 | 14.0% | -5.8% |
| 净利润同比 | 21.7% | — |
| 每股收益（稀释后） | $2.09 | $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GRMNRHI
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.1B | $1.3B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.8B | $1.4B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.5B | $1.5B |
净利润GRMNRHI
| Q1 26 | $405.1M | — | ||
| Q4 25 | $528.7M | — | ||
| Q3 25 | $401.6M | $42.9M | ||
| Q2 25 | $400.8M | $41.0M | ||
| Q1 25 | $332.8M | $17.4M | ||
| Q4 24 | $435.7M | — | ||
| Q3 24 | $399.1M | $65.5M | ||
| Q2 24 | $300.6M | $68.2M |
毛利率GRMNRHI
| Q1 26 | 59.4% | — | ||
| Q4 25 | 59.2% | 37.6% | ||
| Q3 25 | 59.1% | 37.2% | ||
| Q2 25 | 58.8% | 37.2% | ||
| Q1 25 | 57.6% | 36.9% | ||
| Q4 24 | 59.3% | 38.8% | ||
| Q3 24 | 60.0% | 39.0% | ||
| Q2 24 | 57.3% | 39.2% |
营业利润率GRMNRHI
| Q1 26 | 24.6% | — | ||
| Q4 25 | 28.9% | 1.7% | ||
| Q3 25 | 25.8% | 1.0% | ||
| Q2 25 | 26.0% | 0.1% | ||
| Q1 25 | 21.7% | 2.9% | ||
| Q4 24 | 28.3% | 4.7% | ||
| Q3 24 | 27.6% | 4.1% | ||
| Q2 24 | 22.7% | 5.1% |
净利率GRMNRHI
| Q1 26 | 23.1% | — | ||
| Q4 25 | 24.9% | — | ||
| Q3 25 | 22.7% | 3.2% | ||
| Q2 25 | 22.1% | 3.0% | ||
| Q1 25 | 21.7% | 1.3% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 25.2% | 4.5% | ||
| Q2 24 | 20.0% | 4.6% |
每股收益（稀释后）GRMNRHI
| Q1 26 | $2.09 | — | ||
| Q4 25 | $2.72 | $0.32 | ||
| Q3 25 | $2.08 | $0.43 | ||
| Q2 25 | $2.07 | $0.41 | ||
| Q1 25 | $1.72 | $0.17 | ||
| Q4 24 | $2.24 | $0.53 | ||
| Q3 24 | $2.07 | $0.64 | ||
| Q2 24 | $1.56 | $0.66 |
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 | $2.3B | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | — | $1.3B |
| 总资产 | $11.0B | $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GRMNRHI
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $464.4M | ||
| Q3 25 | $2.1B | $365.3M | ||
| Q2 25 | $2.1B | $380.5M | ||
| Q1 25 | $2.2B | $342.5M | ||
| Q4 24 | $2.1B | $537.6M | ||
| Q3 24 | $2.0B | $570.5M | ||
| Q2 24 | $1.9B | $547.4M |
股东权益GRMNRHI
| Q1 26 | — | — | ||
| Q4 25 | $9.0B | $1.3B | ||
| Q3 25 | $8.5B | $1.3B | ||
| Q2 25 | $8.1B | $1.3B | ||
| Q1 25 | $8.2B | $1.3B | ||
| Q4 24 | $7.8B | $1.4B | ||
| Q3 24 | $7.5B | $1.5B | ||
| Q2 24 | $7.0B | $1.5B |
总资产GRMNRHI
| Q1 26 | $11.0B | — | ||
| Q4 25 | $11.0B | $2.9B | ||
| Q3 25 | $10.5B | $2.8B | ||
| Q2 25 | $10.3B | $2.8B | ||
| Q1 25 | $9.8B | $2.7B | ||
| Q4 24 | $9.6B | $2.9B | ||
| Q3 24 | $9.3B | $3.0B | ||
| Q2 24 | $8.9B | $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 | $536.0M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $469.4M | $170.8M |
| 自由现金流率自由现金流/营收 | 26.8% | 13.1% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 1.32× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | $266.8M |
8季度趋势，按日历期对齐
经营现金流GRMNRHI
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $182.5M | ||
| Q3 25 | $485.6M | $77.4M | ||
| Q2 25 | $173.2M | $119.4M | ||
| Q1 25 | $420.8M | $-59.3M | ||
| Q4 24 | $483.9M | $154.8M | ||
| Q3 24 | $258.0M | $129.6M | ||
| Q2 24 | $255.3M | $142.0M |
自由现金流GRMNRHI
| Q1 26 | $469.4M | — | ||
| Q4 25 | $429.6M | $170.8M | ||
| Q3 25 | $425.1M | $63.6M | ||
| Q2 25 | $127.5M | $104.2M | ||
| Q1 25 | $380.7M | $-71.7M | ||
| Q4 24 | $399.2M | $140.5M | ||
| Q3 24 | $219.4M | $111.8M | ||
| Q2 24 | $218.2M | $129.6M |
自由现金流率GRMNRHI
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.2% | 13.1% | ||
| Q3 25 | 24.0% | 4.7% | ||
| Q2 25 | 7.0% | 7.6% | ||
| Q1 25 | 24.8% | -5.3% | ||
| Q4 24 | 21.9% | 10.2% | ||
| Q3 24 | 13.8% | 7.6% | ||
| Q2 24 | 14.5% | 8.8% |
资本支出强度GRMNRHI
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 0.9% | ||
| Q3 25 | 3.4% | 1.0% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 2.6% | 0.9% | ||
| Q4 24 | 4.6% | 1.0% | ||
| Q3 24 | 2.4% | 1.2% | ||
| Q2 24 | 2.5% | 0.8% |
现金转化率GRMNRHI
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | — | ||
| Q3 25 | 1.21× | 1.80× | ||
| Q2 25 | 0.43× | 2.91× | ||
| Q1 25 | 1.26× | -3.42× | ||
| Q4 24 | 1.11× | — | ||
| Q3 24 | 0.65× | 1.98× | ||
| Q2 24 | 0.85× | 2.08× |
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
GRMN
暂无分部数据
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% |
