vs
华利安（HLI）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是华利安的1.8倍（$1.3B vs $717.1M），华利安同比增速更快（13.0% vs -5.8%），华利安自由现金流更多（$217.0M vs $170.8M），过去两年华利安的营收复合增速更高（17.4% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
HLI vs RHI — 直观对比
营收规模更大
RHI
是对方的1.8倍
$717.1M
营收增速更快
HLI
高出18.8%
-5.8%
自由现金流更多
HLI
多$46.3M
$170.8M
两年增速更快
HLI
近两年复合增速
-6.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $717.1M | $1.3B |
| 净利润 | $116.5M | — |
| 毛利率 | 32.2% | 37.6% |
| 营业利润率 | 22.4% | 1.7% |
| 净利率 | 16.3% | — |
| 营收同比 | 13.0% | -5.8% |
| 净利润同比 | 22.3% | — |
| 每股收益（稀释后） | $1.70 | $0.32 |
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HLIRHI
| Q4 25 | $717.1M | $1.3B | ||
| Q3 25 | $659.5M | $1.4B | ||
| Q2 25 | $605.3M | $1.4B | ||
| Q1 25 | $666.4M | $1.4B | ||
| Q4 24 | $634.4M | $1.4B | ||
| Q3 24 | $575.0M | $1.5B | ||
| Q2 24 | $513.6M | $1.5B | ||
| Q1 24 | $520.5M | $1.5B |
净利润HLIRHI
| Q4 25 | $116.5M | — | ||
| Q3 25 | $111.8M | $42.9M | ||
| Q2 25 | $97.5M | $41.0M | ||
| Q1 25 | $121.9M | $17.4M | ||
| Q4 24 | $95.3M | — | ||
| Q3 24 | $93.5M | $65.5M | ||
| Q2 24 | $88.9M | $68.2M | ||
| Q1 24 | $81.1M | $63.7M |
毛利率HLIRHI
| Q4 25 | 32.2% | 37.6% | ||
| Q3 25 | 33.8% | 37.2% | ||
| Q2 25 | 31.0% | 37.2% | ||
| Q1 25 | 33.9% | 36.9% | ||
| Q4 24 | 31.4% | 38.8% | ||
| Q3 24 | 33.0% | 39.0% | ||
| Q2 24 | 30.6% | 39.2% | ||
| Q1 24 | 30.3% | 38.1% |
营业利润率HLIRHI
| Q4 25 | 22.4% | 1.7% | ||
| Q3 25 | 22.9% | 1.0% | ||
| Q2 25 | 14.8% | 0.1% | ||
| Q1 25 | 20.9% | 2.9% | ||
| Q4 24 | 21.5% | 4.7% | ||
| Q3 24 | 22.7% | 4.1% | ||
| Q2 24 | 18.6% | 5.1% | ||
| Q1 24 | 19.7% | 2.8% |
净利率HLIRHI
| Q4 25 | 16.3% | — | ||
| Q3 25 | 17.0% | 3.2% | ||
| Q2 25 | 16.1% | 3.0% | ||
| Q1 25 | 18.3% | 1.3% | ||
| Q4 24 | 15.0% | — | ||
| Q3 24 | 16.3% | 4.5% | ||
| Q2 24 | 17.3% | 4.6% | ||
| Q1 24 | 15.6% | 4.3% |
每股收益（稀释后）HLIRHI
| Q4 25 | $1.70 | $0.32 | ||
| Q3 25 | $1.63 | $0.43 | ||
| Q2 25 | $1.42 | $0.41 | ||
| Q1 25 | $1.76 | $0.17 | ||
| Q4 24 | $1.39 | $0.53 | ||
| Q3 24 | $1.37 | $0.64 | ||
| Q2 24 | $1.30 | $0.66 | ||
| Q1 24 | $1.18 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.3B | $1.3B |
| 总资产 | $3.9B | $2.9B |
| 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HLIRHI
| Q4 25 | $1.1B | $464.4M | ||
| Q3 25 | $923.6M | $365.3M | ||
| Q2 25 | $793.8M | $380.5M | ||
| Q1 25 | $971.0M | $342.5M | ||
| Q4 24 | $799.3M | $537.6M | ||
| Q3 24 | $691.4M | $570.5M | ||
| Q2 24 | $449.7M | $547.4M | ||
| Q1 24 | $721.2M | $540.9M |
股东权益HLIRHI
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $2.2B | $1.3B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.8B | $1.5B |
总资产HLIRHI
| Q4 25 | $3.9B | $2.9B | ||
| Q3 25 | $3.8B | $2.8B | ||
| Q2 25 | $3.5B | $2.8B | ||
| Q1 25 | $3.8B | $2.7B | ||
| Q4 24 | $3.5B | $2.9B | ||
| Q3 24 | $3.2B | $3.0B | ||
| Q2 24 | $2.9B | $2.9B | ||
| Q1 24 | $3.2B | $2.9B |
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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $217.0M | $170.8M |
| 自由现金流率自由现金流/营收 | 30.3% | 13.1% |
| 资本支出强度资本支出/营收 | 0.1% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.87× | — |
| 过去12个月自由现金流最近4个季度 | $738.9M | $266.8M |
8季度趋势，按日历期对齐
经营现金流HLIRHI
| Q4 25 | $217.7M | $182.5M | ||
| Q3 25 | $325.0M | $77.4M | ||
| Q2 25 | $-131.6M | $119.4M | ||
| Q1 25 | $358.4M | $-59.3M | ||
| Q4 24 | $265.5M | $154.8M | ||
| Q3 24 | $289.2M | $129.6M | ||
| Q2 24 | $-64.5M | $142.0M | ||
| Q1 24 | $225.3M | $-15.9M |
自由现金流HLIRHI
| Q4 25 | $217.0M | $170.8M | ||
| Q3 25 | $322.8M | $63.6M | ||
| Q2 25 | $-144.8M | $104.2M | ||
| Q1 25 | $343.9M | $-71.7M | ||
| Q4 24 | $261.7M | $140.5M | ||
| Q3 24 | $278.7M | $111.8M | ||
| Q2 24 | $-75.4M | $129.6M | ||
| Q1 24 | $213.1M | $-27.7M |
自由现金流率HLIRHI
| Q4 25 | 30.3% | 13.1% | ||
| Q3 25 | 49.0% | 4.7% | ||
| Q2 25 | -23.9% | 7.6% | ||
| Q1 25 | 51.6% | -5.3% | ||
| Q4 24 | 41.2% | 10.2% | ||
| Q3 24 | 48.5% | 7.6% | ||
| Q2 24 | -14.7% | 8.8% | ||
| Q1 24 | 40.9% | -1.9% |
资本支出强度HLIRHI
| Q4 25 | 0.1% | 0.9% | ||
| Q3 25 | 0.3% | 1.0% | ||
| Q2 25 | 2.2% | 1.1% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 0.6% | 1.0% | ||
| Q3 24 | 1.8% | 1.2% | ||
| Q2 24 | 2.1% | 0.8% | ||
| Q1 24 | 2.3% | 0.8% |
现金转化率HLIRHI
| Q4 25 | 1.87× | — | ||
| Q3 25 | 2.91× | 1.80× | ||
| Q2 25 | -1.35× | 2.91× | ||
| Q1 25 | 2.94× | -3.42× | ||
| Q4 24 | 2.79× | — | ||
| Q3 24 | 3.09× | 1.98× | ||
| Q2 24 | -0.73× | 2.08× | ||
| Q1 24 | 2.78× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
