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HIGHWOODS PROPERTIES, INC.（HIW）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
HIGHWOODS PROPERTIES, INC.的季度营收约是RESOURCES CONNECTION, INC.的1.7倍（$203.4M vs $117.7M），HIGHWOODS PROPERTIES, INC.净利率更高（14.6% vs -10.8%，领先25.4%），HIGHWOODS PROPERTIES, INC.同比增速更快（-1.1% vs -19.2%），过去两年HIGHWOODS PROPERTIES, INC.的营收复合增速更高（-1.9% vs -11.8%）
Highwoods Properties是一家公开上市的房地产投资信托公司，主要在美国东南部和大西洋中部地区的高速增长大都会区持有、开发、收购和管理优质办公物业，服务的企业租户覆盖科技、医疗、金融、专业服务等多元行业领域。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
HIW vs RGP — 直观对比
营收规模更大
HIW
是对方的1.7倍
$117.7M
营收增速更快
HIW
高出18.1%
-19.2%
净利率更高
HIW
高出25.4%
-10.8%
两年增速更快
HIW
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $203.4M | $117.7M |
| 净利润 | $29.7M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | 67.2% | -10.3% |
| 净利率 | 14.6% | -10.8% |
| 营收同比 | -1.1% | -19.2% |
| 净利润同比 | 1029.4% | 81.6% |
| 每股收益（稀释后） | $0.25 | $-0.38 |
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HIWRGP
| Q4 25 | $203.4M | $117.7M | ||
| Q3 25 | $201.8M | $120.2M | ||
| Q2 25 | $200.6M | $139.3M | ||
| Q1 25 | $200.4M | $129.4M | ||
| Q4 24 | $205.5M | $145.6M | ||
| Q3 24 | $204.3M | $136.9M | ||
| Q2 24 | $204.7M | $148.2M | ||
| Q1 24 | $211.3M | $151.3M |
净利润HIWRGP
| Q4 25 | $29.7M | $-12.7M | ||
| Q3 25 | $13.7M | $-2.4M | ||
| Q2 25 | $19.2M | $-73.3M | ||
| Q1 25 | $100.0M | $-44.1M | ||
| Q4 24 | $-3.2M | $-68.7M | ||
| Q3 24 | $15.5M | $-5.7M | ||
| Q2 24 | $64.8M | $10.5M | ||
| Q1 24 | $27.2M | $2.5M |
毛利率HIWRGP
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
营业利润率HIWRGP
| Q4 25 | 67.2% | -10.3% | ||
| Q3 25 | 67.3% | -1.7% | ||
| Q2 25 | 68.3% | -47.0% | ||
| Q1 25 | 67.5% | -38.4% | ||
| Q4 24 | 65.2% | -52.7% | ||
| Q3 24 | 67.8% | -3.5% | ||
| Q2 24 | 68.5% | 7.6% | ||
| Q1 24 | 66.7% | 2.8% |
净利率HIWRGP
| Q4 25 | 14.6% | -10.8% | ||
| Q3 25 | 6.8% | -2.0% | ||
| Q2 25 | 9.6% | -52.6% | ||
| Q1 25 | 49.9% | -34.0% | ||
| Q4 24 | -1.6% | -47.2% | ||
| Q3 24 | 7.6% | -4.2% | ||
| Q2 24 | 31.6% | 7.1% | ||
| Q1 24 | 12.9% | 1.7% |
每股收益（稀释后）HIWRGP
| Q4 25 | $0.25 | $-0.38 | ||
| Q3 25 | $0.12 | $-0.07 | ||
| Q2 25 | $0.17 | $-2.21 | ||
| Q1 25 | $0.91 | $-1.34 | ||
| Q4 24 | $-0.04 | $-2.08 | ||
| Q3 24 | $0.14 | $-0.17 | ||
| Q2 24 | $0.59 | $0.31 | ||
| Q1 24 | $0.25 | $0.08 |
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 | $27.4M | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.4B | $194.6M |
| 总资产 | $6.3B | $289.3M |
| 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HIWRGP
| Q4 25 | $27.4M | $89.8M | ||
| Q3 25 | $26.3M | $77.5M | ||
| Q2 25 | $21.2M | $86.1M | ||
| Q1 25 | $20.1M | $72.5M | ||
| Q4 24 | $22.4M | $78.2M | ||
| Q3 24 | $23.6M | $89.6M | ||
| Q2 24 | $27.0M | $108.9M | ||
| Q1 24 | $16.4M | $113.8M |
股东权益HIWRGP
| Q4 25 | $2.4B | $194.6M | ||
| Q3 25 | $2.4B | $206.4M | ||
| Q2 25 | $2.4B | $207.1M | ||
| Q1 25 | $2.4B | $277.8M | ||
| Q4 24 | $2.4B | $325.7M | ||
| Q3 24 | $2.4B | $407.2M | ||
| Q2 24 | $2.4B | $418.8M | ||
| Q1 24 | $2.4B | $414.9M |
总资产HIWRGP
| Q4 25 | $6.3B | $289.3M | ||
| Q3 25 | $6.1B | $287.2M | ||
| Q2 25 | $6.1B | $304.7M | ||
| Q1 25 | $6.1B | $375.6M | ||
| Q4 24 | $6.0B | $424.9M | ||
| Q3 24 | $6.0B | $512.9M | ||
| Q2 24 | $6.0B | $510.9M | ||
| Q1 24 | $6.0B | $523.2M |
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 | $359.2M | $15.9M |
| 自由现金流经营现金流 - 资本支出 | — | $15.6M |
| 自由现金流率自由现金流/营收 | — | 13.2% |
| 资本支出强度资本支出/营收 | — | 0.3% |
| 现金转化率经营现金流/净利润 | 12.09× | — |
| 过去12个月自由现金流最近4个季度 | — | $24.3M |
8季度趋势，按日历期对齐
经营现金流HIWRGP
| Q4 25 | $359.2M | $15.9M | ||
| Q3 25 | $96.7M | $-7.8M | ||
| Q2 25 | $116.5M | $16.8M | ||
| Q1 25 | $46.3M | $659.0K | ||
| Q4 24 | $403.6M | $1.8M | ||
| Q3 24 | $97.5M | $-309.0K | ||
| Q2 24 | $130.0M | $3.2M | ||
| Q1 24 | $72.4M | $20.5M |
自由现金流HIWRGP
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $-8.0M | ||
| Q2 25 | — | $16.5M | ||
| Q1 25 | — | $238.0K | ||
| Q4 24 | — | $61.0K | ||
| Q3 24 | — | $-575.0K | ||
| Q2 24 | — | $3.0M | ||
| Q1 24 | — | $20.4M |
自由现金流率HIWRGP
| Q4 25 | — | 13.2% | ||
| Q3 25 | — | -6.6% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | -0.4% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 13.5% |
资本支出强度HIWRGP
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
现金转化率HIWRGP
| Q4 25 | 12.09× | — | ||
| Q3 25 | 7.05× | — | ||
| Q2 25 | 6.06× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.30× | — | ||
| Q2 24 | 2.01× | 0.30× | ||
| Q1 24 | 2.66× | 8.04× |
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
HIW
| Raleigh NC | $45.6M | 22% |
| Nashville TN | $38.7M | 19% |
| Atlanta GA | $36.1M | 18% |
| Charlotte NC | $26.1M | 13% |
| Tampa FL | $22.2M | 11% |
| Orlando FL | $14.4M | 7% |
| Other | $11.4M | 6% |
| Richmond VA | $8.8M | 4% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
