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康宝莱（HLF）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是康宝莱的1.5倍（$1.9B vs $1.3B），RPM INTERNATIONAL INC净利率更高（8.4% vs 6.7%，领先1.8%），康宝莱同比增速更快（6.3% vs 3.5%），RPM INTERNATIONAL INC自由现金流更多（$296.4M vs $79.8M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
HLF vs RPM — 直观对比
营收规模更大
RPM
是对方的1.5倍
$1.3B
营收增速更快
HLF
高出2.8%
3.5%
净利率更高
RPM
高出1.8%
6.7%
自由现金流更多
RPM
多$216.6M
$79.8M
两年增速更快
RPM
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $85.4M | $161.2M |
| 毛利率 | 77.5% | 40.8% |
| 营业利润率 | 7.8% | 11.0% |
| 净利率 | 6.7% | 8.4% |
| 营收同比 | 6.3% | 3.5% |
| 净利润同比 | -52.0% | -12.0% |
| 每股收益（稀释后） | $0.81 | $1.26 |
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HLFRPM
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.3B | $2.0B | ||
| Q1 24 | $1.3B | $1.5B |
净利润HLFRPM
| Q4 25 | $85.4M | $161.2M | ||
| Q3 25 | $43.2M | $227.6M | ||
| Q2 25 | $49.3M | $225.8M | ||
| Q1 25 | $50.4M | $52.0M | ||
| Q4 24 | $177.9M | $183.2M | ||
| Q3 24 | $47.4M | $227.7M | ||
| Q2 24 | $4.7M | $180.6M | ||
| Q1 24 | $24.3M | $61.2M |
毛利率HLFRPM
| Q4 25 | 77.5% | 40.8% | ||
| Q3 25 | 77.7% | 42.3% | ||
| Q2 25 | 78.0% | 42.4% | ||
| Q1 25 | 78.3% | 38.4% | ||
| Q4 24 | 77.8% | 41.4% | ||
| Q3 24 | 78.3% | 42.5% | ||
| Q2 24 | 77.9% | 41.4% | ||
| Q1 24 | 77.5% | 39.9% |
营业利润率HLFRPM
| Q4 25 | 7.8% | 11.0% | ||
| Q3 25 | 9.9% | 14.1% | ||
| Q2 25 | 10.5% | 11.9% | ||
| Q1 25 | 10.1% | 2.8% | ||
| Q4 24 | 8.8% | 11.5% | ||
| Q3 24 | 10.2% | 14.8% | ||
| Q2 24 | 6.3% | 11.9% | ||
| Q1 24 | 5.7% | 5.5% |
净利率HLFRPM
| Q4 25 | 6.7% | 8.4% | ||
| Q3 25 | 3.4% | 10.8% | ||
| Q2 25 | 3.9% | 10.8% | ||
| Q1 25 | 4.1% | 3.5% | ||
| Q4 24 | 14.7% | 9.9% | ||
| Q3 24 | 3.8% | 11.6% | ||
| Q2 24 | 0.4% | 9.0% | ||
| Q1 24 | 1.9% | 4.0% |
每股收益（稀释后）HLFRPM
| Q4 25 | $0.81 | $1.26 | ||
| Q3 25 | $0.42 | $1.77 | ||
| Q2 25 | $0.48 | $1.76 | ||
| Q1 25 | $0.49 | $0.40 | ||
| Q4 24 | $1.75 | $1.42 | ||
| Q3 24 | $0.46 | $1.77 | ||
| Q2 24 | $0.05 | $1.40 | ||
| Q1 24 | $0.24 | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $2.0B | $2.5B |
| 股东权益账面价值 | $-515.1M | $3.1B |
| 总资产 | $2.8B | $7.9B |
| 负债/权益比越低杠杆越低 | — | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资HLFRPM
| Q4 25 | $353.1M | $316.6M | ||
| Q3 25 | $305.5M | $297.1M | ||
| Q2 25 | $320.9M | $302.1M | ||
| Q1 25 | $329.4M | $241.9M | ||
| Q4 24 | $415.3M | $268.7M | ||
| Q3 24 | $402.5M | $231.6M | ||
| Q2 24 | $374.0M | $237.4M | ||
| Q1 24 | $398.3M | $248.9M |
总债务HLFRPM
| Q4 25 | $2.0B | $2.5B | ||
| Q3 25 | $2.0B | $2.7B | ||
| Q2 25 | $2.1B | $2.6B | ||
| Q1 25 | $2.2B | $2.1B | ||
| Q4 24 | $2.3B | $2.0B | ||
| Q3 24 | $2.3B | $2.0B | ||
| Q2 24 | $2.3B | $2.0B | ||
| Q1 24 | $2.4B | $2.2B |
股东权益HLFRPM
| Q4 25 | $-515.1M | $3.1B | ||
| Q3 25 | $-612.0M | $3.1B | ||
| Q2 25 | $-660.5M | $2.9B | ||
| Q1 25 | $-736.0M | $2.7B | ||
| Q4 24 | $-801.1M | $2.7B | ||
| Q3 24 | $-954.2M | $2.6B | ||
| Q2 24 | $-1.0B | $2.5B | ||
| Q1 24 | $-1.0B | $2.3B |
总资产HLFRPM
| Q4 25 | $2.8B | $7.9B | ||
| Q3 25 | $2.7B | $7.9B | ||
| Q2 25 | $2.7B | $7.8B | ||
| Q1 25 | $2.7B | $6.6B | ||
| Q4 24 | $2.7B | $6.7B | ||
| Q3 24 | $2.7B | $6.6B | ||
| Q2 24 | $2.6B | $6.6B | ||
| Q1 24 | $2.6B | $6.4B |
负债/权益比HLFRPM
| Q4 25 | — | 0.80× | ||
| Q3 25 | — | 0.87× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.79× | ||
| Q1 24 | — | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $79.8M | $296.4M |
| 自由现金流率自由现金流/营收 | 6.2% | 15.5% |
| 资本支出强度资本支出/营收 | 1.4% | 2.6% |
| 现金转化率经营现金流/净利润 | 1.15× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $252.9M | $582.9M |
8季度趋势，按日历期对齐
经营现金流HLFRPM
| Q4 25 | $98.3M | $345.7M | ||
| Q3 25 | $138.8M | $237.5M | ||
| Q2 25 | $96.0M | $149.2M | ||
| Q1 25 | $200.0K | $91.5M | ||
| Q4 24 | $69.6M | $279.4M | ||
| Q3 24 | $99.5M | $248.1M | ||
| Q2 24 | $102.5M | $181.2M | ||
| Q1 24 | $13.8M | $173.4M |
自由现金流HLFRPM
| Q4 25 | $79.8M | $296.4M | ||
| Q3 25 | $118.0M | $175.0M | ||
| Q2 25 | $73.2M | $78.2M | ||
| Q1 25 | $-18.1M | $33.3M | ||
| Q4 24 | $43.9M | $229.5M | ||
| Q3 24 | $72.4M | $197.3M | ||
| Q2 24 | $66.2M | $105.3M | ||
| Q1 24 | $-19.1M | $124.6M |
自由现金流率HLFRPM
| Q4 25 | 6.2% | 15.5% | ||
| Q3 25 | 9.3% | 8.3% | ||
| Q2 25 | 5.8% | 3.8% | ||
| Q1 25 | -1.5% | 2.3% | ||
| Q4 24 | 3.6% | 12.4% | ||
| Q3 24 | 5.8% | 10.0% | ||
| Q2 24 | 5.2% | 5.2% | ||
| Q1 24 | -1.5% | 8.2% |
资本支出强度HLFRPM
| Q4 25 | 1.4% | 2.6% | ||
| Q3 25 | 1.6% | 3.0% | ||
| Q2 25 | 1.8% | 3.4% | ||
| Q1 25 | 1.5% | 3.9% | ||
| Q4 24 | 2.1% | 2.7% | ||
| Q3 24 | 2.2% | 2.6% | ||
| Q2 24 | 2.8% | 3.8% | ||
| Q1 24 | 2.6% | 3.2% |
现金转化率HLFRPM
| Q4 25 | 1.15× | 2.14× | ||
| Q3 25 | 3.21× | 1.04× | ||
| Q2 25 | 1.95× | 0.66× | ||
| Q1 25 | 0.00× | 1.76× | ||
| Q4 24 | 0.39× | 1.53× | ||
| Q3 24 | 2.10× | 1.09× | ||
| Q2 24 | 21.81× | 1.00× | ||
| Q1 24 | 0.57× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
