vs
华利安（HLI）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
华利安的季度营收约是RBC Bearings INC的1.6倍（$717.1M vs $461.6M），华利安净利率更高（16.3% vs 14.6%，领先1.7%），RBC Bearings INC同比增速更快（17.0% vs 13.0%），华利安自由现金流更多（$217.0M vs $99.1M），过去两年华利安的营收复合增速更高（17.4% vs 5.6%）
华利安是美国知名跨国独立投资银行及金融服务机构，1972年成立，总部位于加利福尼亚州洛杉矶世纪城的星座广场。公司为上市企业、非公众公司、机构及政府主体提供专业服务，核心业务涵盖并购咨询、资本解决方案、重组与困境并购、公允意见出具，以及财务与估值顾问等领域。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
HLI vs RBC — 直观对比
营收规模更大
HLI
是对方的1.6倍
$461.6M
营收增速更快
RBC
高出4.0%
13.0%
净利率更高
HLI
高出1.7%
14.6%
自由现金流更多
HLI
多$117.9M
$99.1M
两年增速更快
HLI
近两年复合增速
5.6%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $717.1M | $461.6M |
| 净利润 | $116.5M | $67.4M |
| 毛利率 | 32.2% | 44.3% |
| 营业利润率 | 22.4% | 22.3% |
| 净利率 | 16.3% | 14.6% |
| 营收同比 | 13.0% | 17.0% |
| 净利润同比 | 22.3% | 16.4% |
| 每股收益（稀释后） | $1.70 | $2.13 |
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HLIRBC
| Q4 25 | $717.1M | $461.6M | ||
| Q3 25 | $659.5M | $455.3M | ||
| Q2 25 | $605.3M | $436.0M | ||
| Q1 25 | $666.4M | $437.7M | ||
| Q4 24 | $634.4M | $394.4M | ||
| Q3 24 | $575.0M | $397.9M | ||
| Q2 24 | $513.6M | $406.3M | ||
| Q1 24 | $520.5M | $413.7M |
净利润HLIRBC
| Q4 25 | $116.5M | $67.4M | ||
| Q3 25 | $111.8M | $60.0M | ||
| Q2 25 | $97.5M | $68.5M | ||
| Q1 25 | $121.9M | $72.7M | ||
| Q4 24 | $95.3M | $57.9M | ||
| Q3 24 | $93.5M | $54.2M | ||
| Q2 24 | $88.9M | $61.4M | ||
| Q1 24 | $81.1M | — |
毛利率HLIRBC
| Q4 25 | 32.2% | 44.3% | ||
| Q3 25 | 33.8% | 44.1% | ||
| Q2 25 | 31.0% | 44.8% | ||
| Q1 25 | 33.9% | 44.2% | ||
| Q4 24 | 31.4% | 44.3% | ||
| Q3 24 | 33.0% | 43.7% | ||
| Q2 24 | 30.6% | 45.3% | ||
| Q1 24 | 30.3% | 43.1% |
营业利润率HLIRBC
| Q4 25 | 22.4% | 22.3% | ||
| Q3 25 | 22.9% | 21.5% | ||
| Q2 25 | 14.8% | 23.2% | ||
| Q1 25 | 20.9% | 23.0% | ||
| Q4 24 | 21.5% | 21.7% | ||
| Q3 24 | 22.7% | 21.6% | ||
| Q2 24 | 18.6% | 24.0% | ||
| Q1 24 | 19.7% | 22.8% |
净利率HLIRBC
| Q4 25 | 16.3% | 14.6% | ||
| Q3 25 | 17.0% | 13.2% | ||
| Q2 25 | 16.1% | 15.7% | ||
| Q1 25 | 18.3% | 16.6% | ||
| Q4 24 | 15.0% | 14.7% | ||
| Q3 24 | 16.3% | 13.6% | ||
| Q2 24 | 17.3% | 15.1% | ||
| Q1 24 | 15.6% | — |
每股收益（稀释后）HLIRBC
| Q4 25 | $1.70 | $2.13 | ||
| Q3 25 | $1.63 | $1.90 | ||
| Q2 25 | $1.42 | $2.17 | ||
| Q1 25 | $1.76 | $2.33 | ||
| Q4 24 | $1.39 | $1.82 | ||
| Q3 24 | $1.37 | $1.65 | ||
| Q2 24 | $1.30 | $1.90 | ||
| Q1 24 | $1.18 | $1.92 |
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 | $1.1B | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $2.3B | $3.3B |
| 总资产 | $3.9B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资HLIRBC
| Q4 25 | $1.1B | $107.6M | ||
| Q3 25 | $923.6M | $91.2M | ||
| Q2 25 | $793.8M | $132.9M | ||
| Q1 25 | $971.0M | $36.8M | ||
| Q4 24 | $799.3M | — | ||
| Q3 24 | $691.4M | — | ||
| Q2 24 | $449.7M | $76.8M | ||
| Q1 24 | $721.2M | $63.5M |
总债务HLIRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益HLIRBC
| Q4 25 | $2.3B | $3.3B | ||
| Q3 25 | $2.2B | $3.2B | ||
| Q2 25 | $2.2B | $3.1B | ||
| Q1 25 | $2.2B | $3.0B | ||
| Q4 24 | $2.1B | $2.9B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $1.8B | $2.8B | ||
| Q1 24 | $1.8B | $2.8B |
总资产HLIRBC
| Q4 25 | $3.9B | $5.1B | ||
| Q3 25 | $3.8B | $5.1B | ||
| Q2 25 | $3.5B | $4.8B | ||
| Q1 25 | $3.8B | $4.7B | ||
| Q4 24 | $3.5B | $4.7B | ||
| Q3 24 | $3.2B | $4.7B | ||
| Q2 24 | $2.9B | $4.7B | ||
| Q1 24 | $3.2B | $4.7B |
负债/权益比HLIRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $217.7M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $217.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 30.3% | 21.5% |
| 资本支出强度资本支出/营收 | 0.1% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.87× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $738.9M | — |
8季度趋势，按日历期对齐
经营现金流HLIRBC
| Q4 25 | $217.7M | $122.1M | ||
| Q3 25 | $325.0M | $88.4M | ||
| Q2 25 | $-131.6M | $120.0M | ||
| Q1 25 | $358.4M | — | ||
| Q4 24 | $265.5M | $84.0M | ||
| Q3 24 | $289.2M | — | ||
| Q2 24 | $-64.5M | $97.4M | ||
| Q1 24 | $225.3M | — |
自由现金流HLIRBC
| Q4 25 | $217.0M | $99.1M | ||
| Q3 25 | $322.8M | $71.7M | ||
| Q2 25 | $-144.8M | $104.3M | ||
| Q1 25 | $343.9M | — | ||
| Q4 24 | $261.7M | $73.6M | ||
| Q3 24 | $278.7M | — | ||
| Q2 24 | $-75.4M | $88.4M | ||
| Q1 24 | $213.1M | — |
自由现金流率HLIRBC
| Q4 25 | 30.3% | 21.5% | ||
| Q3 25 | 49.0% | 15.7% | ||
| Q2 25 | -23.9% | 23.9% | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 41.2% | 18.7% | ||
| Q3 24 | 48.5% | — | ||
| Q2 24 | -14.7% | 21.8% | ||
| Q1 24 | 40.9% | — |
资本支出强度HLIRBC
| Q4 25 | 0.1% | 5.0% | ||
| Q3 25 | 0.3% | 3.7% | ||
| Q2 25 | 2.2% | 3.6% | ||
| Q1 25 | 2.2% | 3.2% | ||
| Q4 24 | 0.6% | 2.6% | ||
| Q3 24 | 1.8% | 4.1% | ||
| Q2 24 | 2.1% | 2.2% | ||
| Q1 24 | 2.3% | — |
现金转化率HLIRBC
| Q4 25 | 1.87× | 1.81× | ||
| Q3 25 | 2.91× | 1.47× | ||
| Q2 25 | -1.35× | 1.75× | ||
| Q1 25 | 2.94× | — | ||
| Q4 24 | 2.79× | 1.45× | ||
| Q3 24 | 3.09× | — | ||
| Q2 24 | -0.73× | 1.59× | ||
| Q1 24 | 2.78× | — |
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
HLI
| Corporate Finance | $473.7M | 66% |
| Financial Restructuring | $156.3M | 22% |
| Financial Advisory Services | $87.1M | 12% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
