vs
康宝莱（HLF）与Masco（MAS）财务数据对比。点击上方公司名可切换其他公司
Masco的季度营收约是康宝莱的1.5倍（$1.9B vs $1.3B），Masco净利率更高（11.9% vs 6.7%，领先5.2%），Masco同比增速更快（6.5% vs 6.3%），过去两年康宝莱的营收复合增速更高（0.7% vs -4.2%）
康宝莱是美国跨国多层次营销企业，主营膳食补充剂的研发与销售。该公司曾被指控涉嫌金字塔骗局欺诈运营，2016年与美国证监会达成协议后调整了薪酬体系，将经销商奖励与可核实的实际销售额挂钩。此外其部分产品曾被曝出引发急性肝炎的相关问题。
美国家居建材企业Masco主营家装及新建住宅市场相关产品，旗下拥有20余家子公司，在全球运营近80座生产工厂，其中美国本土近60座，海外地区超20座。公司1969年于纽交所挂牌上市，后实现快速增长，成功跻身美国财富500强榜单。
HLF vs MAS — 直观对比
营收规模更大
MAS
是对方的1.5倍
$1.3B
营收增速更快
MAS
高出0.2%
6.3%
净利率更高
MAS
高出5.2%
6.7%
两年增速更快
HLF
近两年复合增速
-4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $85.4M | $228.0M |
| 毛利率 | 77.5% | 35.8% |
| 营业利润率 | 7.8% | 16.5% |
| 净利率 | 6.7% | 11.9% |
| 营收同比 | 6.3% | 6.5% |
| 净利润同比 | -52.0% | 14.5% |
| 每股收益（稀释后） | $0.81 | — |
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HLFMAS
| Q1 26 | — | $1.9B | ||
| Q4 25 | $1.3B | $1.8B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.3B | $2.1B |
净利润HLFMAS
| Q1 26 | — | $228.0M | ||
| Q4 25 | $85.4M | $165.0M | ||
| Q3 25 | $43.2M | $189.0M | ||
| Q2 25 | $49.3M | $270.0M | ||
| Q1 25 | $50.4M | $186.0M | ||
| Q4 24 | $177.9M | $182.0M | ||
| Q3 24 | $47.4M | $167.0M | ||
| Q2 24 | $4.7M | $258.0M |
毛利率HLFMAS
| Q1 26 | — | 35.8% | ||
| Q4 25 | 77.5% | 33.9% | ||
| Q3 25 | 77.7% | 34.2% | ||
| Q2 25 | 78.0% | 37.6% | ||
| Q1 25 | 78.3% | 35.8% | ||
| Q4 24 | 77.8% | 34.8% | ||
| Q3 24 | 78.3% | 36.6% | ||
| Q2 24 | 77.9% | 37.5% |
营业利润率HLFMAS
| Q1 26 | — | 16.5% | ||
| Q4 25 | 7.8% | 13.8% | ||
| Q3 25 | 9.9% | 15.8% | ||
| Q2 25 | 10.5% | 20.1% | ||
| Q1 25 | 10.1% | 15.9% | ||
| Q4 24 | 8.8% | 15.9% | ||
| Q3 24 | 10.2% | 18.0% | ||
| Q2 24 | 6.3% | 19.0% |
净利率HLFMAS
| Q1 26 | — | 11.9% | ||
| Q4 25 | 6.7% | 9.2% | ||
| Q3 25 | 3.4% | 9.9% | ||
| Q2 25 | 3.9% | 13.2% | ||
| Q1 25 | 4.1% | 10.3% | ||
| Q4 24 | 14.7% | 10.0% | ||
| Q3 24 | 3.8% | 8.4% | ||
| Q2 24 | 0.4% | 12.3% |
每股收益（稀释后）HLFMAS
| Q1 26 | — | — | ||
| Q4 25 | $0.81 | $0.81 | ||
| Q3 25 | $0.42 | $0.90 | ||
| Q2 25 | $0.48 | $1.28 | ||
| Q1 25 | $0.49 | $0.87 | ||
| Q4 24 | $1.75 | $0.85 | ||
| Q3 24 | $0.46 | $0.77 | ||
| Q2 24 | $0.05 | $1.17 |
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 | $353.1M | — |
| 总债务越低越好 | $2.0B | $2.9B |
| 股东权益账面价值 | $-515.1M | $27.0M |
| 总资产 | $2.8B | $5.2B |
| 负债/权益比越低杠杆越低 | — | 109.07× |
8季度趋势，按日历期对齐
现金及短期投资HLFMAS
| Q1 26 | — | — | ||
| Q4 25 | $353.1M | $647.0M | ||
| Q3 25 | $305.5M | $559.0M | ||
| Q2 25 | $320.9M | $390.0M | ||
| Q1 25 | $329.4M | $377.0M | ||
| Q4 24 | $415.3M | $634.0M | ||
| Q3 24 | $402.5M | $646.0M | ||
| Q2 24 | $374.0M | $398.0M |
总债务HLFMAS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.0B | $2.9B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | $2.9B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益HLFMAS
| Q1 26 | — | $27.0M | ||
| Q4 25 | $-515.1M | $-185.0M | ||
| Q3 25 | $-612.0M | $-78.0M | ||
| Q2 25 | $-660.5M | $-84.0M | ||
| Q1 25 | $-736.0M | $-254.0M | ||
| Q4 24 | $-801.1M | $-279.0M | ||
| Q3 24 | $-954.2M | $-88.0M | ||
| Q2 24 | $-1.0B | $-26.0M |
总资产HLFMAS
| Q1 26 | — | $5.2B | ||
| Q4 25 | $2.8B | $5.2B | ||
| Q3 25 | $2.7B | $5.3B | ||
| Q2 25 | $2.7B | $5.3B | ||
| Q1 25 | $2.7B | $5.1B | ||
| Q4 24 | $2.7B | $5.0B | ||
| Q3 24 | $2.7B | $5.3B | ||
| Q2 24 | $2.6B | $5.4B |
负债/权益比HLFMAS
| Q1 26 | — | 109.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $98.3M | — |
| 自由现金流经营现金流 - 资本支出 | $79.8M | — |
| 自由现金流率自由现金流/营收 | 6.2% | — |
| 资本支出强度资本支出/营收 | 1.4% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.15× | — |
| 过去12个月自由现金流最近4个季度 | $252.9M | — |
8季度趋势，按日历期对齐
经营现金流HLFMAS
| Q1 26 | — | — | ||
| Q4 25 | $98.3M | $418.0M | ||
| Q3 25 | $138.8M | $456.0M | ||
| Q2 25 | $96.0M | $306.0M | ||
| Q1 25 | $200.0K | $-158.0M | ||
| Q4 24 | $69.6M | $407.0M | ||
| Q3 24 | $99.5M | $416.0M | ||
| Q2 24 | $102.5M | $346.0M |
自由现金流HLFMAS
| Q1 26 | — | — | ||
| Q4 25 | $79.8M | $371.0M | ||
| Q3 25 | $118.0M | $415.0M | ||
| Q2 25 | $73.2M | $270.0M | ||
| Q1 25 | $-18.1M | $-190.0M | ||
| Q4 24 | $43.9M | $351.0M | ||
| Q3 24 | $72.4M | $378.0M | ||
| Q2 24 | $66.2M | $303.0M |
自由现金流率HLFMAS
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | 20.7% | ||
| Q3 25 | 9.3% | 21.6% | ||
| Q2 25 | 5.8% | 13.2% | ||
| Q1 25 | -1.5% | -10.5% | ||
| Q4 24 | 3.6% | 19.2% | ||
| Q3 24 | 5.8% | 19.1% | ||
| Q2 24 | 5.2% | 14.5% |
资本支出强度HLFMAS
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.4% | 2.6% | ||
| Q3 25 | 1.6% | 2.1% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 1.5% | 1.8% | ||
| Q4 24 | 2.1% | 3.1% | ||
| Q3 24 | 2.2% | 1.9% | ||
| Q2 24 | 2.8% | 2.1% |
现金转化率HLFMAS
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 2.53× | ||
| Q3 25 | 3.21× | 2.41× | ||
| Q2 25 | 1.95× | 1.13× | ||
| Q1 25 | 0.00× | -0.85× | ||
| Q4 24 | 0.39× | 2.24× | ||
| Q3 24 | 2.10× | 2.49× | ||
| Q2 24 | 21.81× | 1.34× |
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
HLF
| Others | $514.4M | 40% |
| Other | $300.0M | 23% |
| IN | $250.3M | 20% |
| MX | $147.2M | 11% |
| VN | $71.1M | 6% |
MAS
暂无分部数据
