vs
康宝莱（HLF）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
康宝莱的季度营收约是Rithm Capital Corp.的1.5倍（$1.3B vs $828.2M），Rithm Capital Corp.净利率更高（13.2% vs 6.7%，领先6.6%），Rithm Capital Corp.同比增速更快（508.5% vs 6.3%），过去两年康宝莱的营收复合增速更高（0.7% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
HLF vs RITM — 直观对比
营收规模更大
HLF
是对方的1.5倍
$828.2M
营收增速更快
RITM
高出502.2%
6.3%
净利率更高
RITM
高出6.6%
6.7%
两年增速更快
HLF
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $828.2M |
| 净利润 | $85.4M | $109.5M |
| 毛利率 | 77.5% | — |
| 营业利润率 | 7.8% | 29.9% |
| 净利率 | 6.7% | 13.2% |
| 营收同比 | 6.3% | 508.5% |
| 净利润同比 | -52.0% | 27.7% |
| 每股收益（稀释后） | $0.81 | $0.12 |
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HLFRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.2B | $768.4M | ||
| Q4 24 | $1.2B | $2.1B | ||
| Q3 24 | $1.2B | $619.5M | ||
| Q2 24 | $1.3B | $1.2B |
净利润HLFRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $85.4M | $85.0M | ||
| Q3 25 | $43.2M | $221.5M | ||
| Q2 25 | $49.3M | $311.7M | ||
| Q1 25 | $50.4M | $78.8M | ||
| Q4 24 | $177.9M | $290.2M | ||
| Q3 24 | $47.4M | $121.7M | ||
| Q2 24 | $4.7M | $235.6M |
毛利率HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | 77.5% | — | ||
| Q3 25 | 77.7% | — | ||
| Q2 25 | 78.0% | — | ||
| Q1 25 | 78.3% | — | ||
| Q4 24 | 77.8% | — | ||
| Q3 24 | 78.3% | — | ||
| Q2 24 | 77.9% | — |
营业利润率HLFRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 7.8% | 13.8% | ||
| Q3 25 | 9.9% | 21.4% | ||
| Q2 25 | 10.5% | 25.2% | ||
| Q1 25 | 10.1% | 7.4% | ||
| Q4 24 | 8.8% | 23.8% | ||
| Q3 24 | 10.2% | 7.3% | ||
| Q2 24 | 6.3% | 23.6% |
净利率HLFRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 6.7% | 5.7% | ||
| Q3 25 | 3.4% | 20.0% | ||
| Q2 25 | 3.9% | 25.6% | ||
| Q1 25 | 4.1% | 10.3% | ||
| Q4 24 | 14.7% | 14.0% | ||
| Q3 24 | 3.8% | 19.7% | ||
| Q2 24 | 0.4% | 19.2% |
每股收益（稀释后）HLFRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.81 | $0.09 | ||
| Q3 25 | $0.42 | $0.35 | ||
| Q2 25 | $0.48 | $0.53 | ||
| Q1 25 | $0.49 | $0.07 | ||
| Q4 24 | $1.75 | $0.50 | ||
| Q3 24 | $0.46 | $0.20 | ||
| Q2 24 | $0.05 | $0.43 |
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 | — |
| 股东权益账面价值 | $-515.1M | $9.1B |
| 总资产 | $2.8B | $53.4B |
| 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HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | $353.1M | $1.8B | ||
| Q3 25 | $305.5M | $1.6B | ||
| Q2 25 | $320.9M | $1.6B | ||
| Q1 25 | $329.4M | $1.5B | ||
| Q4 24 | $415.3M | $1.5B | ||
| Q3 24 | $402.5M | $1.6B | ||
| Q2 24 | $374.0M | $1.2B |
总债务HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $35.4B | ||
| Q3 25 | $2.0B | $32.2B | ||
| Q2 25 | $2.1B | $31.2B | ||
| Q1 25 | $2.2B | $32.2B | ||
| Q4 24 | $2.3B | $32.6B | ||
| Q3 24 | $2.3B | $29.6B | ||
| Q2 24 | $2.3B | $30.1B |
股东权益HLFRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $-515.1M | $8.4B | ||
| Q3 25 | $-612.0M | $8.5B | ||
| Q2 25 | $-660.5M | $7.9B | ||
| Q1 25 | $-736.0M | $7.8B | ||
| Q4 24 | $-801.1M | $7.8B | ||
| Q3 24 | $-954.2M | $7.7B | ||
| Q2 24 | $-1.0B | $7.3B |
总资产HLFRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $2.8B | $53.1B | ||
| Q3 25 | $2.7B | $47.2B | ||
| Q2 25 | $2.7B | $44.3B | ||
| Q1 25 | $2.7B | $45.3B | ||
| Q4 24 | $2.7B | $46.0B | ||
| Q3 24 | $2.7B | $42.3B | ||
| Q2 24 | $2.6B | $42.0B |
负债/权益比HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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% | — |
| 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HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | $98.3M | $-114.6M | ||
| Q3 25 | $138.8M | $-2.0B | ||
| Q2 25 | $96.0M | $-557.1M | ||
| Q1 25 | $200.0K | $1.4B | ||
| Q4 24 | $69.6M | $-1.8B | ||
| Q3 24 | $99.5M | $768.1M | ||
| Q2 24 | $102.5M | $-55.7M |
自由现金流HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | $79.8M | — | ||
| Q3 25 | $118.0M | — | ||
| Q2 25 | $73.2M | — | ||
| Q1 25 | $-18.1M | — | ||
| Q4 24 | $43.9M | — | ||
| Q3 24 | $72.4M | — | ||
| Q2 24 | $66.2M | — |
自由现金流率HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | 6.2% | — | ||
| Q3 25 | 9.3% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | -1.5% | — | ||
| Q4 24 | 3.6% | — | ||
| Q3 24 | 5.8% | — | ||
| Q2 24 | 5.2% | — |
资本支出强度HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 2.2% | — | ||
| Q2 24 | 2.8% | — |
现金转化率HLFRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | -1.35× | ||
| Q3 25 | 3.21× | -9.22× | ||
| Q2 25 | 1.95× | -1.79× | ||
| Q1 25 | 0.00× | 18.03× | ||
| Q4 24 | 0.39× | -6.04× | ||
| Q3 24 | 2.10× | 6.31× | ||
| Q2 24 | 21.81× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
