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荷美尔食品（HRL）与莫霍克工业（MHK）财务数据对比。点击上方公司名可切换其他公司
荷美尔食品的季度营收约是莫霍克工业的1.2倍（$3.2B vs $2.7B），莫霍克工业净利率更高（1.6% vs -1.8%，领先3.3%），莫霍克工业同比增速更快（2.4% vs 1.5%），莫霍克工业自由现金流更多（$265.2M vs $231.4M），过去两年荷美尔食品的营收复合增速更高（3.1% vs 0.4%）
荷美尔食品是1891年于美国明尼苏达州奥斯汀成立的跨国食品加工企业，由乔治·A·荷美尔创立。品牌最初主营火腿、香肠等各类畜肉产品的包装与销售，1937年推出斯帕姆午餐肉，上世纪80年代起逐步拓展多元化包装及冷藏食品产品线。
莫霍克工业是总部位于美国佐治亚州卡尔霍恩的知名地板建材生产商，为北美住宅及商业场景、欧洲住宅场景生产各类地面铺装产品，产品线覆盖软/硬质地材、强化地板、乙烯基地板、天然石材及石英石台面等，在欧洲还供应保温材料、板材及夹层地板。
HRL vs MHK — 直观对比
营收规模更大
HRL
是对方的1.2倍
$2.7B
营收增速更快
MHK
高出0.9%
1.5%
净利率更高
MHK
高出3.3%
-1.8%
自由现金流更多
MHK
多$33.8M
$231.4M
两年增速更快
HRL
近两年复合增速
0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.7B |
| 净利润 | $-56.1M | $42.0M |
| 毛利率 | 14.0% | 23.0% |
| 营业利润率 | 0.1% | 2.5% |
| 净利率 | -1.8% | 1.6% |
| 营收同比 | 1.5% | 2.4% |
| 净利润同比 | -125.5% | -55.0% |
| 每股收益（稀释后） | $-0.10 | $0.69 |
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HRLMHK
| Q4 25 | $3.2B | $2.7B | ||
| Q3 25 | $3.0B | $2.8B | ||
| Q2 25 | $2.9B | $2.8B | ||
| Q1 25 | $3.0B | $2.5B | ||
| Q4 24 | $3.1B | $2.6B | ||
| Q3 24 | $2.9B | $2.7B | ||
| Q2 24 | $2.9B | $2.8B | ||
| Q1 24 | $3.0B | $2.7B |
净利润HRLMHK
| Q4 25 | $-56.1M | $42.0M | ||
| Q3 25 | $183.7M | $108.8M | ||
| Q2 25 | $180.0M | $146.5M | ||
| Q1 25 | $170.6M | $72.6M | ||
| Q4 24 | $220.2M | $93.3M | ||
| Q3 24 | $176.7M | $162.0M | ||
| Q2 24 | $189.3M | $157.4M | ||
| Q1 24 | $218.9M | $105.0M |
毛利率HRLMHK
| Q4 25 | 14.0% | 23.0% | ||
| Q3 25 | 16.1% | 23.7% | ||
| Q2 25 | 16.7% | 25.5% | ||
| Q1 25 | 15.9% | 23.1% | ||
| Q4 24 | 16.6% | 23.6% | ||
| Q3 24 | 16.8% | 25.5% | ||
| Q2 24 | 17.4% | 25.8% | ||
| Q1 24 | 17.0% | 24.2% |
营业利润率HRLMHK
| Q4 25 | 0.1% | 2.5% | ||
| Q3 25 | 7.9% | 5.0% | ||
| Q2 25 | 8.6% | 6.7% | ||
| Q1 25 | 7.6% | 3.8% | ||
| Q4 24 | 9.4% | 4.6% | ||
| Q3 24 | 8.2% | 7.8% | ||
| Q2 24 | 8.7% | 7.6% | ||
| Q1 24 | 9.5% | 5.5% |
净利率HRLMHK
| Q4 25 | -1.8% | 1.6% | ||
| Q3 25 | 6.1% | 3.9% | ||
| Q2 25 | 6.2% | 5.2% | ||
| Q1 25 | 5.7% | 2.9% | ||
| Q4 24 | 7.0% | 3.5% | ||
| Q3 24 | 6.1% | 6.0% | ||
| Q2 24 | 6.6% | 5.6% | ||
| Q1 24 | 7.3% | 3.9% |
每股收益（稀释后）HRLMHK
| Q4 25 | $-0.10 | $0.69 | ||
| Q3 25 | $0.33 | $1.75 | ||
| Q2 25 | $0.33 | $2.34 | ||
| Q1 25 | $0.31 | $1.15 | ||
| Q4 24 | $0.41 | $1.49 | ||
| Q3 24 | $0.32 | $2.55 | ||
| Q2 24 | $0.34 | $2.46 | ||
| Q1 24 | $0.40 | $1.64 |
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 | $703.6M | $856.1M |
| 总债务越低越好 | $2.9B | $2.0B |
| 股东权益账面价值 | $7.9B | $8.4B |
| 总资产 | $13.4B | $13.7B |
| 负债/权益比越低杠杆越低 | 0.36× | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资HRLMHK
| Q4 25 | $703.6M | $856.1M | ||
| Q3 25 | $630.7M | $516.2M | ||
| Q2 25 | $699.0M | $546.7M | ||
| Q1 25 | $866.4M | $702.5M | ||
| Q4 24 | $766.6M | $666.6M | ||
| Q3 24 | $561.9M | $424.0M | ||
| Q2 24 | $1.5B | $497.4M | ||
| Q1 24 | $981.9M | $658.5M |
总债务HRLMHK
| Q4 25 | $2.9B | $2.0B | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | $2.2B | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.4B | — |
股东权益HRLMHK
| Q4 25 | $7.9B | $8.4B | ||
| Q3 25 | $8.1B | $8.3B | ||
| Q2 25 | $8.0B | $8.3B | ||
| Q1 25 | $8.0B | $7.9B | ||
| Q4 24 | $8.0B | $7.6B | ||
| Q3 24 | $7.9B | $7.8B | ||
| Q2 24 | $7.9B | $7.6B | ||
| Q1 24 | $7.8B | $7.6B |
总资产HRLMHK
| Q4 25 | $13.4B | $13.7B | ||
| Q3 25 | $13.5B | $13.6B | ||
| Q2 25 | $13.4B | $13.8B | ||
| Q1 25 | $13.4B | $13.4B | ||
| Q4 24 | $13.4B | $12.8B | ||
| Q3 24 | $13.1B | $13.3B | ||
| Q2 24 | $14.1B | $13.3B | ||
| Q1 24 | $13.5B | $13.5B |
负债/权益比HRLMHK
| Q4 25 | 0.36× | 0.24× | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.36× | 0.30× | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.36× | — | ||
| Q1 24 | 0.30× | — |
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 | $322.9M | $459.6M |
| 自由现金流经营现金流 - 资本支出 | $231.4M | $265.2M |
| 自由现金流率自由现金流/营收 | 7.3% | 9.8% |
| 资本支出强度资本支出/营收 | 2.9% | 7.2% |
| 现金转化率经营现金流/净利润 | — | 10.94× |
| 过去12个月自由现金流最近4个季度 | $534.3M | $616.2M |
8季度趋势，按日历期对齐
经营现金流HRLMHK
| Q4 25 | $322.9M | $459.6M | ||
| Q3 25 | $156.7M | $386.6M | ||
| Q2 25 | $56.4M | $206.3M | ||
| Q1 25 | $309.2M | $3.7M | ||
| Q4 24 | $408.6M | $397.0M | ||
| Q3 24 | $218.0M | $319.6M | ||
| Q2 24 | $236.1M | $233.6M | ||
| Q1 24 | $404.0M | $183.7M |
自由现金流HRLMHK
| Q4 25 | $231.4M | $265.2M | ||
| Q3 25 | $84.5M | $310.3M | ||
| Q2 25 | $-18.6M | $126.1M | ||
| Q1 25 | $237.0M | $-85.4M | ||
| Q4 24 | $324.8M | $236.2M | ||
| Q3 24 | $152.5M | $204.2M | ||
| Q2 24 | $176.2M | $142.2M | ||
| Q1 24 | $356.8M | $96.9M |
自由现金流率HRLMHK
| Q4 25 | 7.3% | 9.8% | ||
| Q3 25 | 2.8% | 11.3% | ||
| Q2 25 | -0.6% | 4.5% | ||
| Q1 25 | 7.9% | -3.4% | ||
| Q4 24 | 10.4% | 9.0% | ||
| Q3 24 | 5.3% | 7.5% | ||
| Q2 24 | 6.1% | 5.1% | ||
| Q1 24 | 11.9% | 3.6% |
资本支出强度HRLMHK
| Q4 25 | 2.9% | 7.2% | ||
| Q3 25 | 2.4% | 2.8% | ||
| Q2 25 | 2.6% | 2.9% | ||
| Q1 25 | 2.4% | 3.5% | ||
| Q4 24 | 2.7% | 6.1% | ||
| Q3 24 | 2.3% | 4.2% | ||
| Q2 24 | 2.1% | 3.3% | ||
| Q1 24 | 1.6% | 3.2% |
现金转化率HRLMHK
| Q4 25 | — | 10.94× | ||
| Q3 25 | 0.85× | 3.55× | ||
| Q2 25 | 0.31× | 1.41× | ||
| Q1 25 | 1.81× | 0.05× | ||
| Q4 24 | 1.86× | 4.26× | ||
| Q3 24 | 1.23× | 1.97× | ||
| Q2 24 | 1.25× | 1.48× | ||
| Q1 24 | 1.85× | 1.75× |
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
HRL
| Retail Segment | $1.9B | 60% |
| Foodservice Segment | $1.1B | 34% |
| Other | $174.7M | 5% |
MHK
| Other | $1.1B | 41% |
| Flooring NA Segment | $869.8M | 32% |
| Other Products | $270.0M | 10% |
| Other Geographical Areas | $222.0M | 8% |
| Laminateand Wood | $204.2M | 8% |
| Carpet And Resilient | $13.3M | 0% |
| Flooring ROW Segment | $4.9M | 0% |
