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康宝莱（HLF）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是康宝莱的1.6倍（$2.1B vs $1.3B），Roper Technologies净利率更高（15.8% vs 6.7%，领先9.1%），Roper Technologies同比增速更快（11.3% vs 6.3%），Roper Technologies自由现金流更多（$507.0M vs $79.8M），过去两年Roper Technologies的营收复合增速更高（10.5% vs 0.7%）
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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
HLF vs ROP — 直观对比
营收规模更大
ROP
是对方的1.6倍
$1.3B
营收增速更快
ROP
高出5.0%
6.3%
净利率更高
ROP
高出9.1%
6.7%
自由现金流更多
ROP
多$427.2M
$79.8M
两年增速更快
ROP
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.1B |
| 净利润 | $85.4M | $331.0M |
| 毛利率 | 77.5% | 69.4% |
| 营业利润率 | 7.8% | 27.2% |
| 净利率 | 6.7% | 15.8% |
| 营收同比 | 6.3% | 11.3% |
| 净利润同比 | -52.0% | 842.6% |
| 每股收益（稀释后） | $0.81 | $4.87 |
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HLFROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.3B | $2.1B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.3B | $1.9B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.2B | $1.9B | ||
| Q3 24 | $1.2B | $1.8B | ||
| Q2 24 | $1.3B | $1.7B |
净利润HLFROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $85.4M | $428.4M | ||
| Q3 25 | $43.2M | $398.5M | ||
| Q2 25 | $49.3M | $378.3M | ||
| Q1 25 | $50.4M | $331.1M | ||
| Q4 24 | $177.9M | $462.3M | ||
| Q3 24 | $47.4M | $367.9M | ||
| Q2 24 | $4.7M | $337.1M |
毛利率HLFROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | 77.5% | 69.5% | ||
| Q3 25 | 77.7% | 69.5% | ||
| Q2 25 | 78.0% | 69.2% | ||
| Q1 25 | 78.3% | 68.7% | ||
| Q4 24 | 77.8% | 68.3% | ||
| Q3 24 | 78.3% | 69.2% | ||
| Q2 24 | 77.9% | 69.5% |
营业利润率HLFROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 7.8% | 28.6% | ||
| Q3 25 | 9.9% | 28.4% | ||
| Q2 25 | 10.5% | 28.2% | ||
| Q1 25 | 10.1% | 27.9% | ||
| Q4 24 | 8.8% | 28.0% | ||
| Q3 24 | 10.2% | 28.1% | ||
| Q2 24 | 6.3% | 28.8% |
净利率HLFROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 6.7% | 20.8% | ||
| Q3 25 | 3.4% | 19.8% | ||
| Q2 25 | 3.9% | 19.5% | ||
| Q1 25 | 4.1% | 17.6% | ||
| Q4 24 | 14.7% | 24.6% | ||
| Q3 24 | 3.8% | 20.8% | ||
| Q2 24 | 0.4% | 19.6% |
每股收益（稀释后）HLFROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $0.81 | $3.97 | ||
| Q3 25 | $0.42 | $3.68 | ||
| Q2 25 | $0.48 | $3.49 | ||
| Q1 25 | $0.49 | $3.06 | ||
| Q4 24 | $1.75 | $4.29 | ||
| Q3 24 | $0.46 | $3.40 | ||
| Q2 24 | $0.05 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $2.0B | $9.7B |
| 股东权益账面价值 | $-515.1M | $18.8B |
| 总资产 | $2.8B | $34.6B |
| 负债/权益比越低杠杆越低 | — | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资HLFROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $353.1M | $297.4M | ||
| Q3 25 | $305.5M | $320.0M | ||
| Q2 25 | $320.9M | $242.4M | ||
| Q1 25 | $329.4M | $372.8M | ||
| Q4 24 | $415.3M | $188.2M | ||
| Q3 24 | $402.5M | $269.6M | ||
| Q2 24 | $374.0M | $251.5M |
总债务HLFROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $2.0B | $9.3B | ||
| Q3 25 | $2.0B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.3B | $7.6B | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
股东权益HLFROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $-515.1M | $19.9B | ||
| Q3 25 | $-612.0M | $20.0B | ||
| Q2 25 | $-660.5M | $19.6B | ||
| Q1 25 | $-736.0M | $19.2B | ||
| Q4 24 | $-801.1M | $18.9B | ||
| Q3 24 | $-954.2M | $18.5B | ||
| Q2 24 | $-1.0B | $18.1B |
总资产HLFROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $2.8B | $34.6B | ||
| Q3 25 | $2.7B | $34.6B | ||
| Q2 25 | $2.7B | $33.2B | ||
| Q1 25 | $2.7B | $31.4B | ||
| Q4 24 | $2.7B | $31.3B | ||
| Q3 24 | $2.7B | $31.6B | ||
| Q2 24 | $2.6B | $29.8B |
负债/权益比HLFROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| 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 | $507.0M |
| 自由现金流率自由现金流/营收 | 6.2% | 24.2% |
| 资本支出强度资本支出/营收 | 1.4% | 0.5% |
| 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HLFROP
| Q1 26 | — | — | ||
| Q4 25 | $98.3M | $738.0M | ||
| Q3 25 | $138.8M | $869.5M | ||
| Q2 25 | $96.0M | $404.1M | ||
| Q1 25 | $200.0K | $528.7M | ||
| Q4 24 | $69.6M | $722.2M | ||
| Q3 24 | $99.5M | $755.4M | ||
| Q2 24 | $102.5M | $384.1M |
自由现金流HLFROP
| Q1 26 | — | $507.0M | ||
| 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HLFROP
| Q1 26 | — | 24.2% | ||
| 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HLFROP
| Q1 26 | — | 0.5% | ||
| 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HLFROP
| Q1 26 | — | — | ||
| Q4 25 | 1.15× | 1.72× | ||
| Q3 25 | 3.21× | 2.18× | ||
| Q2 25 | 1.95× | 1.07× | ||
| Q1 25 | 0.00× | 1.60× | ||
| Q4 24 | 0.39× | 1.56× | ||
| Q3 24 | 2.10× | 2.05× | ||
| Q2 24 | 21.81× | 1.14× |
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% |
ROP
暂无分部数据
