vs
荷美尔食品（HRL）与Raymond James Financial（RJF）财务数据对比。点击上方公司名可切换其他公司
Raymond James Financial的季度营收约是荷美尔食品的1.2倍（$3.9B vs $3.2B），Raymond James Financial净利率更高（14.1% vs -1.8%，领先15.9%），Raymond James Financial同比增速更快（13.0% vs 1.5%），过去两年荷美尔食品的营收复合增速更高（3.1% vs 1.3%）
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。
雷蒙德詹姆斯金融是美国跨国独立投资银行及金融服务机构，通过旗下子公司为个人、企业及市政主体提供多元金融服务，核心业务覆盖投资与财务规划、投资银行、资产管理等领域，总部位于美国佛罗里达州圣彼得堡。
HRL vs RJF — 直观对比
营收规模更大
RJF
是对方的1.2倍
$3.2B
营收增速更快
RJF
高出11.5%
1.5%
净利率更高
RJF
高出15.9%
-1.8%
两年增速更快
HRL
近两年复合增速
1.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $3.9B |
| 净利润 | $-56.1M | $544.0M |
| 毛利率 | 14.0% | — |
| 营业利润率 | 0.1% | — |
| 净利率 | -1.8% | 14.1% |
| 营收同比 | 1.5% | 13.0% |
| 净利润同比 | -125.5% | 10.0% |
| 每股收益（稀释后） | $-0.10 | $2.83 |
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HRLRJF
| Q1 26 | — | $3.9B | ||
| Q4 25 | $3.2B | $4.2B | ||
| Q3 25 | $3.0B | $4.2B | ||
| Q2 25 | $2.9B | $3.8B | ||
| Q1 25 | $3.0B | $3.8B | ||
| Q4 24 | $3.1B | $4.0B | ||
| Q3 24 | $2.9B | $4.0B | ||
| Q2 24 | $2.9B | $3.8B |
净利润HRLRJF
| Q1 26 | — | $544.0M | ||
| Q4 25 | $-56.1M | $563.0M | ||
| Q3 25 | $183.7M | $604.0M | ||
| Q2 25 | $180.0M | $436.0M | ||
| Q1 25 | $170.6M | $495.0M | ||
| Q4 24 | $220.2M | $600.0M | ||
| Q3 24 | $176.7M | $602.0M | ||
| Q2 24 | $189.3M | $492.0M |
毛利率HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | 14.0% | — | ||
| Q3 25 | 16.1% | — | ||
| Q2 25 | 16.7% | — | ||
| Q1 25 | 15.9% | — | ||
| Q4 24 | 16.6% | — | ||
| Q3 24 | 16.8% | — | ||
| Q2 24 | 17.4% | — |
营业利润率HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | 8.6% | 14.7% | ||
| Q1 25 | 7.6% | 17.5% | ||
| Q4 24 | 9.4% | 18.6% | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 8.7% | 17.1% |
净利率HRLRJF
| Q1 26 | — | 14.1% | ||
| Q4 25 | -1.8% | 13.5% | ||
| Q3 25 | 6.1% | 14.4% | ||
| Q2 25 | 6.2% | 11.3% | ||
| Q1 25 | 5.7% | 12.9% | ||
| Q4 24 | 7.0% | 14.9% | ||
| Q3 24 | 6.1% | 15.0% | ||
| Q2 24 | 6.6% | 13.1% |
每股收益（稀释后）HRLRJF
| Q1 26 | — | $2.83 | ||
| Q4 25 | $-0.10 | $2.79 | ||
| Q3 25 | $0.33 | $2.96 | ||
| Q2 25 | $0.33 | $2.12 | ||
| Q1 25 | $0.31 | $2.36 | ||
| Q4 24 | $0.41 | $2.86 | ||
| Q3 24 | $0.32 | $2.85 | ||
| Q2 24 | $0.34 | $2.31 |
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 | $5.4B |
| 总债务越低越好 | $2.9B | — |
| 股东权益账面价值 | $7.9B | $52.0M |
| 总资产 | $13.4B | $91.9B |
| 负债/权益比越低杠杆越低 | 0.36× | — |
8季度趋势，按日历期对齐
现金及短期投资HRLRJF
| Q1 26 | — | $5.4B | ||
| Q4 25 | $703.6M | $9.9B | ||
| Q3 25 | $630.7M | $11.4B | ||
| Q2 25 | $699.0M | $9.2B | ||
| Q1 25 | $866.4M | $9.7B | ||
| Q4 24 | $766.6M | $10.0B | ||
| Q3 24 | $561.9M | $11.0B | ||
| Q2 24 | $1.5B | $9.1B |
总债务HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $2.9B | — | ||
| Q4 24 | $2.9B | — | ||
| Q3 24 | $2.9B | — | ||
| Q2 24 | $2.9B | — |
股东权益HRLRJF
| Q1 26 | — | $52.0M | ||
| Q4 25 | $7.9B | $12.6B | ||
| Q3 25 | $8.1B | $12.5B | ||
| Q2 25 | $8.0B | $12.3B | ||
| Q1 25 | $8.0B | $12.2B | ||
| Q4 24 | $8.0B | $11.9B | ||
| Q3 24 | $7.9B | $11.7B | ||
| Q2 24 | $7.9B | $11.2B |
总资产HRLRJF
| Q1 26 | — | $91.9B | ||
| Q4 25 | $13.4B | $88.8B | ||
| Q3 25 | $13.5B | $88.2B | ||
| Q2 25 | $13.4B | $84.8B | ||
| Q1 25 | $13.4B | $83.1B | ||
| Q4 24 | $13.4B | $82.3B | ||
| Q3 24 | $13.1B | $83.0B | ||
| Q2 24 | $14.1B | $80.6B |
负债/权益比HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.36× | — | ||
| Q4 24 | 0.36× | — | ||
| Q3 24 | 0.36× | — | ||
| Q2 24 | 0.36× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $231.4M | — |
| 自由现金流率自由现金流/营收 | 7.3% | — |
| 资本支出强度资本支出/营收 | 2.9% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $534.3M | — |
8季度趋势，按日历期对齐
经营现金流HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | $322.9M | $-10.0M | ||
| Q3 25 | $156.7M | $796.0M | ||
| Q2 25 | $56.4M | $691.0M | ||
| Q1 25 | $309.2M | $117.0M | ||
| Q4 24 | $408.6M | $830.0M | ||
| Q3 24 | $218.0M | $510.0M | ||
| Q2 24 | $236.1M | $711.0M |
自由现金流HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | $231.4M | $-56.0M | ||
| Q3 25 | $84.5M | $752.0M | ||
| Q2 25 | $-18.6M | $634.0M | ||
| Q1 25 | $237.0M | $71.0M | ||
| Q4 24 | $324.8M | $789.0M | ||
| Q3 24 | $152.5M | $460.0M | ||
| Q2 24 | $176.2M | $655.0M |
自由现金流率HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | -1.3% | ||
| Q3 25 | 2.8% | 17.9% | ||
| Q2 25 | -0.6% | 16.5% | ||
| Q1 25 | 7.9% | 1.8% | ||
| Q4 24 | 10.4% | 19.6% | ||
| Q3 24 | 5.3% | 11.5% | ||
| Q2 24 | 6.1% | 17.4% |
资本支出强度HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | 1.1% | ||
| Q3 25 | 2.4% | 1.1% | ||
| Q2 25 | 2.6% | 1.5% | ||
| Q1 25 | 2.4% | 1.2% | ||
| Q4 24 | 2.7% | 1.0% | ||
| Q3 24 | 2.3% | 1.2% | ||
| Q2 24 | 2.1% | 1.5% |
现金转化率HRLRJF
| Q1 26 | — | — | ||
| Q4 25 | — | -0.02× | ||
| Q3 25 | 0.85× | 1.32× | ||
| Q2 25 | 0.31× | 1.58× | ||
| Q1 25 | 1.81× | 0.24× | ||
| Q4 24 | 1.86× | 1.38× | ||
| Q3 24 | 1.23× | 0.85× | ||
| Q2 24 | 1.25× | 1.45× |
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% |
RJF
| Private Client Group | $2.8B | 73% |
| Bank | $486.0M | 13% |
| Capital Markets | $464.0M | 12% |
| Other | $99.0M | 3% |
