vs
荷美尔食品（HRL）与维谛技术（VRT）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维谛技术的1.2倍（$3.2B vs $2.6B），维谛技术净利率更高（14.7% vs -1.8%，领先16.5%），维谛技术同比增速更快（30.1% vs 1.5%），维谛技术自由现金流更多（$652.8M vs $231.4M），过去两年维谛技术的营收复合增速更高（16.5% vs 3.1%）
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。
维谛技术（Vertiv）是一家美国跨国企业，专注于为数据中心、通信网络、商业及工业场景提供关键基础设施及配套服务，旗下方案可有效保障各行业客户关键业务系统的稳定高效运行。
HRL vs VRT — 直观对比
营收规模更大
HRL
是对方的1.2倍
$2.6B
营收增速更快
VRT
高出28.6%
1.5%
净利率更高
VRT
高出16.5%
-1.8%
自由现金流更多
VRT
多$421.4M
$231.4M
两年增速更快
VRT
近两年复合增速
3.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.6B |
| 净利润 | $-56.1M | $390.1M |
| 毛利率 | 14.0% | 37.7% |
| 营业利润率 | 0.1% | — |
| 净利率 | -1.8% | 14.7% |
| 营收同比 | 1.5% | 30.1% |
| 净利润同比 | -125.5% | 137.1% |
| 每股收益（稀释后） | $-0.10 | $0.99 |
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HRLVRT
| Q1 26 | — | $2.6B | ||
| Q4 25 | $3.2B | $2.9B | ||
| Q3 25 | $3.0B | $2.7B | ||
| Q2 25 | $2.9B | $2.6B | ||
| Q1 25 | $3.0B | $2.0B | ||
| Q4 24 | $3.1B | $2.3B | ||
| Q3 24 | $2.9B | $2.1B | ||
| Q2 24 | $2.9B | $2.0B |
净利润HRLVRT
| Q1 26 | — | $390.1M | ||
| Q4 25 | $-56.1M | $445.6M | ||
| Q3 25 | $183.7M | $398.5M | ||
| Q2 25 | $180.0M | $324.2M | ||
| Q1 25 | $170.6M | $164.5M | ||
| Q4 24 | $220.2M | $147.0M | ||
| Q3 24 | $176.7M | $176.6M | ||
| Q2 24 | $189.3M | $178.1M |
毛利率HRLVRT
| Q1 26 | — | 37.7% | ||
| Q4 25 | 14.0% | 38.9% | ||
| Q3 25 | 16.1% | 37.8% | ||
| Q2 25 | 16.7% | 34.0% | ||
| Q1 25 | 15.9% | 33.7% | ||
| Q4 24 | 16.6% | 37.1% | ||
| Q3 24 | 16.8% | 36.5% | ||
| Q2 24 | 17.4% | 38.0% |
营业利润率HRLVRT
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 20.1% | ||
| Q3 25 | 7.9% | 19.3% | ||
| Q2 25 | 8.6% | 16.8% | ||
| Q1 25 | 7.6% | 14.3% | ||
| Q4 24 | 9.4% | 19.5% | ||
| Q3 24 | 8.2% | 17.9% | ||
| Q2 24 | 8.7% | 17.2% |
净利率HRLVRT
| Q1 26 | — | 14.7% | ||
| Q4 25 | -1.8% | 15.5% | ||
| Q3 25 | 6.1% | 14.9% | ||
| Q2 25 | 6.2% | 12.3% | ||
| Q1 25 | 5.7% | 8.1% | ||
| Q4 24 | 7.0% | 6.3% | ||
| Q3 24 | 6.1% | 8.5% | ||
| Q2 24 | 6.6% | 9.1% |
每股收益（稀释后）HRLVRT
| Q1 26 | — | $0.99 | ||
| Q4 25 | $-0.10 | $1.14 | ||
| Q3 25 | $0.33 | $1.02 | ||
| Q2 25 | $0.33 | $0.83 | ||
| Q1 25 | $0.31 | $0.42 | ||
| Q4 24 | $0.41 | $0.38 | ||
| Q3 24 | $0.32 | $0.46 | ||
| Q2 24 | $0.34 | $0.46 |
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 | $2.5B |
| 总债务越低越好 | $2.9B | $0 |
| 股东权益账面价值 | $7.9B | $4.2B |
| 总资产 | $13.4B | $13.4B |
| 负债/权益比越低杠杆越低 | 0.36× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资HRLVRT
| Q1 26 | — | $2.5B | ||
| Q4 25 | $703.6M | $1.7B | ||
| Q3 25 | $630.7M | $1.4B | ||
| Q2 25 | $699.0M | $1.6B | ||
| Q1 25 | $866.4M | $1.5B | ||
| Q4 24 | $766.6M | $1.2B | ||
| Q3 24 | $561.9M | $908.7M | ||
| Q2 24 | $1.5B | $579.7M |
总债务HRLVRT
| Q1 26 | — | $0 | ||
| Q4 25 | $2.9B | $2.9B | ||
| Q3 25 | $2.9B | $2.9B | ||
| Q2 25 | $2.9B | $2.9B | ||
| Q1 25 | $2.9B | $2.9B | ||
| Q4 24 | $2.9B | $2.9B | ||
| Q3 24 | $2.9B | $2.9B | ||
| Q2 24 | $2.9B | $2.9B |
股东权益HRLVRT
| Q1 26 | — | $4.2B | ||
| Q4 25 | $7.9B | $3.9B | ||
| Q3 25 | $8.1B | $3.5B | ||
| Q2 25 | $8.0B | $3.1B | ||
| Q1 25 | $8.0B | $2.7B | ||
| Q4 24 | $8.0B | $2.4B | ||
| Q3 24 | $7.9B | $1.8B | ||
| Q2 24 | $7.9B | $1.5B |
总资产HRLVRT
| Q1 26 | — | $13.4B | ||
| Q4 25 | $13.4B | $12.2B | ||
| Q3 25 | $13.5B | $10.8B | ||
| Q2 25 | $13.4B | $10.4B | ||
| Q1 25 | $13.4B | $9.5B | ||
| Q4 24 | $13.4B | $9.1B | ||
| Q3 24 | $13.1B | $8.9B | ||
| Q2 24 | $14.1B | $8.1B |
负债/权益比HRLVRT
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.36× | 0.74× | ||
| Q3 25 | 0.35× | 0.83× | ||
| Q2 25 | 0.35× | 0.93× | ||
| Q1 25 | 0.36× | 1.10× | ||
| Q4 24 | 0.36× | 1.20× | ||
| Q3 24 | 0.36× | 1.62× | ||
| Q2 24 | 0.36× | 1.91× |
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 | $652.8M |
| 自由现金流率自由现金流/营收 | 7.3% | 24.6% |
| 资本支出强度资本支出/营收 | 2.9% | 4.2% |
| 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 | $2.3B |
8季度趋势，按日历期对齐
经营现金流HRLVRT
| Q1 26 | — | — | ||
| Q4 25 | $322.9M | $978.9M | ||
| Q3 25 | $156.7M | $508.7M | ||
| Q2 25 | $56.4M | $322.9M | ||
| Q1 25 | $309.2M | $303.3M | ||
| Q4 24 | $408.6M | $425.2M | ||
| Q3 24 | $218.0M | $378.2M | ||
| Q2 24 | $236.1M | $378.4M |
自由现金流HRLVRT
| Q1 26 | — | $652.8M | ||
| Q4 25 | $231.4M | $885.6M | ||
| Q3 25 | $84.5M | $463.5M | ||
| Q2 25 | $-18.6M | $277.9M | ||
| Q1 25 | $237.0M | $266.8M | ||
| Q4 24 | $324.8M | $364.5M | ||
| Q3 24 | $152.5M | $341.8M | ||
| Q2 24 | $176.2M | $344.3M |
自由现金流率HRLVRT
| Q1 26 | — | 24.6% | ||
| Q4 25 | 7.3% | 30.8% | ||
| Q3 25 | 2.8% | 17.3% | ||
| Q2 25 | -0.6% | 10.5% | ||
| Q1 25 | 7.9% | 13.1% | ||
| Q4 24 | 10.4% | 15.5% | ||
| Q3 24 | 5.3% | 16.5% | ||
| Q2 24 | 6.1% | 17.6% |
资本支出强度HRLVRT
| Q1 26 | — | 4.2% | ||
| Q4 25 | 2.9% | 3.2% | ||
| Q3 25 | 2.4% | 1.7% | ||
| Q2 25 | 2.6% | 1.7% | ||
| Q1 25 | 2.4% | 1.8% | ||
| Q4 24 | 2.7% | 2.6% | ||
| Q3 24 | 2.3% | 1.8% | ||
| Q2 24 | 2.1% | 1.7% |
现金转化率HRLVRT
| Q1 26 | — | — | ||
| Q4 25 | — | 2.20× | ||
| Q3 25 | 0.85× | 1.28× | ||
| Q2 25 | 0.31× | 1.00× | ||
| Q1 25 | 1.81× | 1.84× | ||
| Q4 24 | 1.86× | 2.89× | ||
| Q3 24 | 1.23× | 2.14× | ||
| Q2 24 | 1.25× | 2.12× |
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% |
VRT
暂无分部数据
