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康宝莱（HLF）与RENAISSANCERE HOLDINGS LTD（RNR）财务数据对比。点击上方公司名可切换其他公司
RENAISSANCERE HOLDINGS LTD的季度营收约是康宝莱的1.7倍（$2.2B vs $1.3B），RENAISSANCERE HOLDINGS LTD净利率更高（23.5% vs 6.7%，领先16.8%），康宝莱同比增速更快（6.3% vs -36.8%），过去两年康宝莱的营收复合增速更高（0.7% vs -11.9%）
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。
RenaissanceRe Holdings Ltd是总部位于百慕大的保险及相关商业服务提供商，核心业务覆盖再保险、常规保险两大板块，同时运营风险相关创新投资业务，为全球客户提供专业的风险对冲与保险解决方案。
HLF vs RNR — 直观对比
营收规模更大
RNR
是对方的1.7倍
$1.3B
营收增速更快
HLF
高出43.0%
-36.8%
净利率更高
RNR
高出16.8%
6.7%
两年增速更快
HLF
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.2B |
| 净利润 | $85.4M | $515.8M |
| 毛利率 | 77.5% | — |
| 营业利润率 | 7.8% | — |
| 净利率 | 6.7% | 23.5% |
| 营收同比 | 6.3% | -36.8% |
| 净利润同比 | -52.0% | 72.6% |
| 每股收益（稀释后） | $0.81 | $6.57 |
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HLFRNR
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.3B | $3.0B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.3B | $3.2B | ||
| Q1 25 | $1.2B | $3.5B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.2B | $4.0B | ||
| Q2 24 | $1.3B | $2.8B |
净利润HLFRNR
| Q1 26 | — | $515.8M | ||
| Q4 25 | $85.4M | $760.5M | ||
| Q3 25 | $43.2M | $916.5M | ||
| Q2 25 | $49.3M | $835.4M | ||
| Q1 25 | $50.4M | $170.0M | ||
| Q4 24 | $177.9M | $-189.7M | ||
| Q3 24 | $47.4M | $1.2B | ||
| Q2 24 | $4.7M | $503.9M |
毛利率HLFRNR
| 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HLFRNR
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 42.5% | ||
| Q3 25 | 9.9% | 46.3% | ||
| Q2 25 | 10.5% | 41.8% | ||
| Q1 25 | 10.1% | -2.0% | ||
| Q4 24 | 8.8% | -3.6% | ||
| Q3 24 | 10.2% | 43.7% | ||
| Q2 24 | 6.3% | 25.0% |
净利率HLFRNR
| Q1 26 | — | 23.5% | ||
| Q4 25 | 6.7% | 25.6% | ||
| Q3 25 | 3.4% | 28.7% | ||
| Q2 25 | 3.9% | 26.1% | ||
| Q1 25 | 4.1% | 4.9% | ||
| Q4 24 | 14.7% | -8.3% | ||
| Q3 24 | 3.8% | 29.8% | ||
| Q2 24 | 0.4% | 17.8% |
每股收益（稀释后）HLFRNR
| Q1 26 | — | $6.57 | ||
| Q4 25 | $0.81 | $16.16 | ||
| Q3 25 | $0.42 | $19.40 | ||
| Q2 25 | $0.48 | $17.20 | ||
| Q1 25 | $0.49 | $3.27 | ||
| Q4 24 | $1.75 | $-3.76 | ||
| Q3 24 | $0.46 | $22.62 | ||
| Q2 24 | $0.05 | $9.41 |
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 | $1.6B |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $-515.1M | $4.3B |
| 总资产 | $2.8B | $53.7B |
| 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HLFRNR
| Q1 26 | — | $1.6B | ||
| Q4 25 | $353.1M | $1.7B | ||
| Q3 25 | $305.5M | $1.7B | ||
| Q2 25 | $320.9M | $1.4B | ||
| Q1 25 | $329.4M | $1.6B | ||
| Q4 24 | $415.3M | $1.7B | ||
| Q3 24 | $402.5M | $1.6B | ||
| Q2 24 | $374.0M | $1.6B |
总债务HLFRNR
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $2.0B | $2.2B | ||
| Q2 25 | $2.1B | $2.3B | ||
| Q1 25 | $2.2B | $2.8B | ||
| Q4 24 | $2.3B | $1.9B | ||
| Q3 24 | $2.3B | $1.9B | ||
| Q2 24 | $2.3B | $2.0B |
股东权益HLFRNR
| Q1 26 | — | $4.3B | ||
| Q4 25 | $-515.1M | $11.6B | ||
| Q3 25 | $-612.0M | $11.5B | ||
| Q2 25 | $-660.5M | $10.8B | ||
| Q1 25 | $-736.0M | $10.3B | ||
| Q4 24 | $-801.1M | $10.6B | ||
| Q3 24 | $-954.2M | $11.2B | ||
| Q2 24 | $-1.0B | $10.2B |
总资产HLFRNR
| Q1 26 | — | $53.7B | ||
| Q4 25 | $2.8B | $53.8B | ||
| Q3 25 | $2.7B | $54.5B | ||
| Q2 25 | $2.7B | $54.7B | ||
| Q1 25 | $2.7B | $53.6B | ||
| Q4 24 | $2.7B | $50.7B | ||
| Q3 24 | $2.7B | $52.8B | ||
| Q2 24 | $2.6B | $51.6B |
负债/权益比HLFRNR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.20× | ||
| Q3 25 | — | 0.19× | ||
| Q2 25 | — | 0.21× | ||
| Q1 25 | — | 0.27× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× |
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HLFRNR
| Q1 26 | — | — | ||
| Q4 25 | $98.3M | $483.0M | ||
| Q3 25 | $138.8M | $1.6B | ||
| Q2 25 | $96.0M | $1.5B | ||
| Q1 25 | $200.0K | $157.8M | ||
| Q4 24 | $69.6M | $778.9M | ||
| Q3 24 | $99.5M | $1.5B | ||
| Q2 24 | $102.5M | $1.2B |
自由现金流HLFRNR
| 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HLFRNR
| 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HLFRNR
| 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HLFRNR
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 0.64× | ||
| Q3 25 | 3.21× | 1.73× | ||
| Q2 25 | 1.95× | 1.76× | ||
| Q1 25 | 0.00× | 0.93× | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 2.10× | 1.26× | ||
| Q2 24 | 21.81× | 2.41× |
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% |
RNR
暂无分部数据
