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康宝莱（HLF）与SAIA INC（SAIA）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SAIA INC的1.6倍（$1.3B vs $790.0M），康宝莱净利率更高（6.7% vs 6.0%，领先0.6%），康宝莱同比增速更快（6.3% vs 0.1%），康宝莱自由现金流更多（$79.8M vs $37.5M），过去两年SAIA INC的营收复合增速更高（2.3% 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。
Saia是美国知名零担货运企业，1924年创立于路易斯安那州霍马。成立最初五十年仅在路易斯安那州和得克萨斯州运营，1980年后逐步向美国南部多州扩张，后续通过同业并购将服务覆盖至36个州，目前位列美国零担承运商前十，年营收超18亿美元。
HLF vs SAIA — 直观对比
营收规模更大
HLF
是对方的1.6倍
$790.0M
营收增速更快
HLF
高出6.1%
0.1%
净利率更高
HLF
高出0.6%
6.0%
自由现金流更多
HLF
多$42.3M
$37.5M
两年增速更快
SAIA
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $790.0M |
| 净利润 | $85.4M | $47.5M |
| 毛利率 | 77.5% | — |
| 营业利润率 | 7.8% | 8.1% |
| 净利率 | 6.7% | 6.0% |
| 营收同比 | 6.3% | 0.1% |
| 净利润同比 | -52.0% | -37.6% |
| 每股收益（稀释后） | $0.81 | $1.77 |
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HLFSAIA
| Q4 25 | $1.3B | $790.0M | ||
| Q3 25 | $1.3B | $839.6M | ||
| Q2 25 | $1.3B | $817.1M | ||
| Q1 25 | $1.2B | $787.6M | ||
| Q4 24 | $1.2B | $789.0M | ||
| Q3 24 | $1.2B | $842.1M | ||
| Q2 24 | $1.3B | $823.2M | ||
| Q1 24 | $1.3B | $754.8M |
净利润HLFSAIA
| Q4 25 | $85.4M | $47.5M | ||
| Q3 25 | $43.2M | $86.3M | ||
| Q2 25 | $49.3M | $71.4M | ||
| Q1 25 | $50.4M | $49.8M | ||
| Q4 24 | $177.9M | $76.1M | ||
| Q3 24 | $47.4M | $92.7M | ||
| Q2 24 | $4.7M | $102.5M | ||
| Q1 24 | $24.3M | $90.7M |
毛利率HLFSAIA
| 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% | — | ||
| Q1 24 | 77.5% | — |
营业利润率HLFSAIA
| Q4 25 | 7.8% | 8.1% | ||
| Q3 25 | 9.9% | 14.1% | ||
| Q2 25 | 10.5% | 12.2% | ||
| Q1 25 | 10.1% | 8.9% | ||
| Q4 24 | 8.8% | 12.9% | ||
| Q3 24 | 10.2% | 14.9% | ||
| Q2 24 | 6.3% | 16.7% | ||
| Q1 24 | 5.7% | 15.6% |
净利率HLFSAIA
| Q4 25 | 6.7% | 6.0% | ||
| Q3 25 | 3.4% | 10.3% | ||
| Q2 25 | 3.9% | 8.7% | ||
| Q1 25 | 4.1% | 6.3% | ||
| Q4 24 | 14.7% | 9.6% | ||
| Q3 24 | 3.8% | 11.0% | ||
| Q2 24 | 0.4% | 12.5% | ||
| Q1 24 | 1.9% | 12.0% |
每股收益（稀释后）HLFSAIA
| Q4 25 | $0.81 | $1.77 | ||
| Q3 25 | $0.42 | $3.22 | ||
| Q2 25 | $0.48 | $2.67 | ||
| Q1 25 | $0.49 | $1.86 | ||
| Q4 24 | $1.75 | $2.84 | ||
| Q3 24 | $0.46 | $3.46 | ||
| Q2 24 | $0.05 | $3.83 | ||
| Q1 24 | $0.24 | $3.38 |
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 | $19.7M |
| 总债务越低越好 | $2.0B | $163.0M |
| 股东权益账面价值 | $-515.1M | $2.6B |
| 总资产 | $2.8B | $3.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资HLFSAIA
| Q4 25 | $353.1M | $19.7M | ||
| Q3 25 | $305.5M | $35.5M | ||
| Q2 25 | $320.9M | $18.8M | ||
| Q1 25 | $329.4M | $16.5M | ||
| Q4 24 | $415.3M | $19.5M | ||
| Q3 24 | $402.5M | $14.4M | ||
| Q2 24 | $374.0M | $11.2M | ||
| Q1 24 | $398.3M | $12.3M |
总债务HLFSAIA
| Q4 25 | $2.0B | $163.0M | ||
| Q3 25 | $2.0B | $218.0M | ||
| Q2 25 | $2.1B | $307.1M | ||
| Q1 25 | $2.2B | $291.8M | ||
| Q4 24 | $2.3B | $195.0M | ||
| Q3 24 | $2.3B | $184.2M | ||
| Q2 24 | $2.3B | $169.1M | ||
| Q1 24 | $2.4B | $76.6M |
股东权益HLFSAIA
| Q4 25 | $-515.1M | $2.6B | ||
| Q3 25 | $-612.0M | $2.5B | ||
| Q2 25 | $-660.5M | $2.4B | ||
| Q1 25 | $-736.0M | $2.4B | ||
| Q4 24 | $-801.1M | $2.3B | ||
| Q3 24 | $-954.2M | $2.2B | ||
| Q2 24 | $-1.0B | $2.1B | ||
| Q1 24 | $-1.0B | $2.0B |
总资产HLFSAIA
| Q4 25 | $2.8B | $3.5B | ||
| Q3 25 | $2.7B | $3.5B | ||
| Q2 25 | $2.7B | $3.5B | ||
| Q1 25 | $2.7B | $3.4B | ||
| Q4 24 | $2.7B | $3.2B | ||
| Q3 24 | $2.7B | $3.1B | ||
| Q2 24 | $2.6B | $3.0B | ||
| Q1 24 | $2.6B | $2.8B |
负债/权益比HLFSAIA
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.09× | ||
| Q2 25 | — | 0.13× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.04× |
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 | $137.3M |
| 自由现金流经营现金流 - 资本支出 | $79.8M | $37.5M |
| 自由现金流率自由现金流/营收 | 6.2% | 4.7% |
| 资本支出强度资本支出/营收 | 1.4% | 12.6% |
| 现金转化率经营现金流/净利润 | 1.15× | 2.89× |
| 过去12个月自由现金流最近4个季度 | $252.9M | $27.3M |
8季度趋势，按日历期对齐
经营现金流HLFSAIA
| Q4 25 | $98.3M | $137.3M | ||
| Q3 25 | $138.8M | $177.8M | ||
| Q2 25 | $96.0M | $170.7M | ||
| Q1 25 | $200.0K | $109.1M | ||
| Q4 24 | $69.6M | $164.7M | ||
| Q3 24 | $99.5M | $181.7M | ||
| Q2 24 | $102.5M | $130.8M | ||
| Q1 24 | $13.8M | $106.5M |
自由现金流HLFSAIA
| Q4 25 | $79.8M | $37.5M | ||
| Q3 25 | $118.0M | $87.6M | ||
| Q2 25 | $73.2M | $-3.9M | ||
| Q1 25 | $-18.1M | $-93.8M | ||
| Q4 24 | $43.9M | $-3.5M | ||
| Q3 24 | $72.4M | $-11.7M | ||
| Q2 24 | $66.2M | $-94.0M | ||
| Q1 24 | $-19.1M | $-350.7M |
自由现金流率HLFSAIA
| Q4 25 | 6.2% | 4.7% | ||
| Q3 25 | 9.3% | 10.4% | ||
| Q2 25 | 5.8% | -0.5% | ||
| Q1 25 | -1.5% | -11.9% | ||
| Q4 24 | 3.6% | -0.4% | ||
| Q3 24 | 5.8% | -1.4% | ||
| Q2 24 | 5.2% | -11.4% | ||
| Q1 24 | -1.5% | -46.5% |
资本支出强度HLFSAIA
| Q4 25 | 1.4% | 12.6% | ||
| Q3 25 | 1.6% | 10.8% | ||
| Q2 25 | 1.8% | 21.4% | ||
| Q1 25 | 1.5% | 25.8% | ||
| Q4 24 | 2.1% | 21.3% | ||
| Q3 24 | 2.2% | 23.0% | ||
| Q2 24 | 2.8% | 27.3% | ||
| Q1 24 | 2.6% | 60.6% |
现金转化率HLFSAIA
| Q4 25 | 1.15× | 2.89× | ||
| Q3 25 | 3.21× | 2.06× | ||
| Q2 25 | 1.95× | 2.39× | ||
| Q1 25 | 0.00× | 2.19× | ||
| Q4 24 | 0.39× | 2.16× | ||
| Q3 24 | 2.10× | 1.96× | ||
| Q2 24 | 21.81× | 1.28× | ||
| Q1 24 | 0.57× | 1.17× |
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% |
SAIA
暂无分部数据
