vs
康宝莱（HLF）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康宝莱的1.0倍（$1.3B vs $1.3B），康宝莱同比增速更快（6.3% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $79.8M），过去两年康宝莱的营收复合增速更高（0.7% vs -6.1%）
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。
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。
HLF vs RHI — 直观对比
营收规模更大
RHI
是对方的1.0倍
$1.3B
营收增速更快
HLF
高出12.0%
-5.8%
自由现金流更多
RHI
多$91.0M
$79.8M
两年增速更快
HLF
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $85.4M | — |
| 毛利率 | 77.5% | 37.6% |
| 营业利润率 | 7.8% | 1.7% |
| 净利率 | 6.7% | — |
| 营收同比 | 6.3% | -5.8% |
| 净利润同比 | -52.0% | — |
| 每股收益（稀释后） | $0.81 | $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HLFRHI
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.2B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
净利润HLFRHI
| Q4 25 | $85.4M | — | ||
| Q3 25 | $43.2M | $42.9M | ||
| Q2 25 | $49.3M | $41.0M | ||
| Q1 25 | $50.4M | $17.4M | ||
| Q4 24 | $177.9M | — | ||
| Q3 24 | $47.4M | $65.5M | ||
| Q2 24 | $4.7M | $68.2M | ||
| Q1 24 | $24.3M | $63.7M |
毛利率HLFRHI
| Q4 25 | 77.5% | 37.6% | ||
| Q3 25 | 77.7% | 37.2% | ||
| Q2 25 | 78.0% | 37.2% | ||
| Q1 25 | 78.3% | 36.9% | ||
| Q4 24 | 77.8% | 38.8% | ||
| Q3 24 | 78.3% | 39.0% | ||
| Q2 24 | 77.9% | 39.2% | ||
| Q1 24 | 77.5% | 38.1% |
营业利润率HLFRHI
| Q4 25 | 7.8% | 1.7% | ||
| Q3 25 | 9.9% | 1.0% | ||
| Q2 25 | 10.5% | 0.1% | ||
| Q1 25 | 10.1% | 2.9% | ||
| Q4 24 | 8.8% | 4.7% | ||
| Q3 24 | 10.2% | 4.1% | ||
| Q2 24 | 6.3% | 5.1% | ||
| Q1 24 | 5.7% | 2.8% |
净利率HLFRHI
| Q4 25 | 6.7% | — | ||
| Q3 25 | 3.4% | 3.2% | ||
| Q2 25 | 3.9% | 3.0% | ||
| Q1 25 | 4.1% | 1.3% | ||
| Q4 24 | 14.7% | — | ||
| Q3 24 | 3.8% | 4.5% | ||
| Q2 24 | 0.4% | 4.6% | ||
| Q1 24 | 1.9% | 4.3% |
每股收益（稀释后）HLFRHI
| Q4 25 | $0.81 | $0.32 | ||
| Q3 25 | $0.42 | $0.43 | ||
| Q2 25 | $0.48 | $0.41 | ||
| Q1 25 | $0.49 | $0.17 | ||
| Q4 24 | $1.75 | $0.53 | ||
| Q3 24 | $0.46 | $0.64 | ||
| Q2 24 | $0.05 | $0.66 | ||
| Q1 24 | $0.24 | $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 | $353.1M | $464.4M |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $-515.1M | $1.3B |
| 总资产 | $2.8B | $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HLFRHI
| Q4 25 | $353.1M | $464.4M | ||
| Q3 25 | $305.5M | $365.3M | ||
| Q2 25 | $320.9M | $380.5M | ||
| Q1 25 | $329.4M | $342.5M | ||
| Q4 24 | $415.3M | $537.6M | ||
| Q3 24 | $402.5M | $570.5M | ||
| Q2 24 | $374.0M | $547.4M | ||
| Q1 24 | $398.3M | $540.9M |
总债务HLFRHI
| Q4 25 | $2.0B | — | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.4B | — |
股东权益HLFRHI
| Q4 25 | $-515.1M | $1.3B | ||
| Q3 25 | $-612.0M | $1.3B | ||
| Q2 25 | $-660.5M | $1.3B | ||
| Q1 25 | $-736.0M | $1.3B | ||
| Q4 24 | $-801.1M | $1.4B | ||
| Q3 24 | $-954.2M | $1.5B | ||
| Q2 24 | $-1.0B | $1.5B | ||
| Q1 24 | $-1.0B | $1.5B |
总资产HLFRHI
| Q4 25 | $2.8B | $2.9B | ||
| Q3 25 | $2.7B | $2.8B | ||
| Q2 25 | $2.7B | $2.8B | ||
| Q1 25 | $2.7B | $2.7B | ||
| Q4 24 | $2.7B | $2.9B | ||
| Q3 24 | $2.7B | $3.0B | ||
| Q2 24 | $2.6B | $2.9B | ||
| Q1 24 | $2.6B | $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 | $98.3M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $79.8M | $170.8M |
| 自由现金流率自由现金流/营收 | 6.2% | 13.1% |
| 资本支出强度资本支出/营收 | 1.4% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流HLFRHI
| Q4 25 | $98.3M | $182.5M | ||
| Q3 25 | $138.8M | $77.4M | ||
| Q2 25 | $96.0M | $119.4M | ||
| Q1 25 | $200.0K | $-59.3M | ||
| Q4 24 | $69.6M | $154.8M | ||
| Q3 24 | $99.5M | $129.6M | ||
| Q2 24 | $102.5M | $142.0M | ||
| Q1 24 | $13.8M | $-15.9M |
自由现金流HLFRHI
| Q4 25 | $79.8M | $170.8M | ||
| Q3 25 | $118.0M | $63.6M | ||
| Q2 25 | $73.2M | $104.2M | ||
| Q1 25 | $-18.1M | $-71.7M | ||
| Q4 24 | $43.9M | $140.5M | ||
| Q3 24 | $72.4M | $111.8M | ||
| Q2 24 | $66.2M | $129.6M | ||
| Q1 24 | $-19.1M | $-27.7M |
自由现金流率HLFRHI
| Q4 25 | 6.2% | 13.1% | ||
| Q3 25 | 9.3% | 4.7% | ||
| Q2 25 | 5.8% | 7.6% | ||
| Q1 25 | -1.5% | -5.3% | ||
| Q4 24 | 3.6% | 10.2% | ||
| Q3 24 | 5.8% | 7.6% | ||
| Q2 24 | 5.2% | 8.8% | ||
| Q1 24 | -1.5% | -1.9% |
资本支出强度HLFRHI
| Q4 25 | 1.4% | 0.9% | ||
| Q3 25 | 1.6% | 1.0% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 1.5% | 0.9% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 2.8% | 0.8% | ||
| Q1 24 | 2.6% | 0.8% |
现金转化率HLFRHI
| Q4 25 | 1.15× | — | ||
| Q3 25 | 3.21× | 1.80× | ||
| Q2 25 | 1.95× | 2.91× | ||
| Q1 25 | 0.00× | -3.42× | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 2.10× | 1.98× | ||
| Q2 24 | 21.81× | 2.08× | ||
| Q1 24 | 0.57× | -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
HLF
| Others | $514.4M | 40% |
| Other | $300.0M | 23% |
| IN | $250.3M | 20% |
| MX | $147.2M | 11% |
| VN | $71.1M | 6% |
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% |
