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汉瑞祥（HSIC）与罗克韦尔自动化（ROK）财务数据对比。点击上方公司名可切换其他公司
汉瑞祥的季度营收约是罗克韦尔自动化的1.6倍（$3.4B vs $2.1B），罗克韦尔自动化净利率更高（14.5% vs 2.9%，领先11.6%），罗克韦尔自动化同比增速更快（11.9% vs 7.7%），汉瑞祥自由现金流更多（$338.0M vs $170.0M），过去两年汉瑞祥的营收复合增速更高（4.1% vs -0.5%）
汉瑞祥（Henry Schein, Inc.）是美国的医疗保健产品及服务分销商，业务覆盖全球33个国家和地区，是全球面向诊所类牙科及医疗从业者的最大医疗解决方案供应商。公司连续14年入选Ethisphere评选的「全球最具道德企业」榜单，2025年再次登榜。
罗克韦尔自动化是总部位于美国威斯康星州密尔沃基的工业自动化及数字化转型技术提供商，旗下拥有Allen-Bradley、FactoryTalk软件、LifecycleIQ服务等核心品牌，全球员工约2.7万人，服务覆盖100多个国家和地区的客户。
HSIC vs ROK — 直观对比
营收规模更大
HSIC
是对方的1.6倍
$2.1B
营收增速更快
ROK
高出4.2%
7.7%
净利率更高
ROK
高出11.6%
2.9%
自由现金流更多
HSIC
多$168.0M
$170.0M
两年增速更快
HSIC
近两年复合增速
-0.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.4B | $2.1B |
| 净利润 | $101.0M | $305.0M |
| 毛利率 | 30.9% | 48.3% |
| 营业利润率 | 4.7% | 20.7% |
| 净利率 | 2.9% | 14.5% |
| 营收同比 | 7.7% | 11.9% |
| 净利润同比 | 7.4% | 65.8% |
| 每股收益（稀释后） | $0.85 | $2.69 |
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HSICROK
| Q4 25 | $3.4B | $2.1B | ||
| Q3 25 | $3.3B | $2.3B | ||
| Q2 25 | $3.2B | $2.1B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $3.2B | $1.9B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.1B | $2.1B | ||
| Q1 24 | $3.2B | $2.1B |
净利润HSICROK
| Q4 25 | $101.0M | $305.0M | ||
| Q3 25 | $101.0M | $138.0M | ||
| Q2 25 | $86.0M | $295.0M | ||
| Q1 25 | $110.0M | $252.0M | ||
| Q4 24 | $94.0M | $184.0M | ||
| Q3 24 | $99.0M | $239.1M | ||
| Q2 24 | $104.0M | $232.0M | ||
| Q1 24 | $93.0M | $266.2M |
毛利率HSICROK
| Q4 25 | 30.9% | 48.3% | ||
| Q3 25 | 30.7% | 69.4% | ||
| Q2 25 | 31.4% | 40.9% | ||
| Q1 25 | 31.6% | 40.5% | ||
| Q4 24 | 31.1% | 38.4% | ||
| Q3 24 | 31.3% | 37.9% | ||
| Q2 24 | 32.5% | 38.8% | ||
| Q1 24 | 31.9% | 39.2% |
营业利润率HSICROK
| Q4 25 | 4.7% | 20.7% | ||
| Q3 25 | 4.9% | 2.7% | ||
| Q2 25 | 4.7% | 16.0% | ||
| Q1 25 | 5.5% | 14.9% | ||
| Q4 24 | 4.9% | 17.1% | ||
| Q3 24 | 4.9% | 13.5% | ||
| Q2 24 | 5.1% | 12.4% | ||
| Q1 24 | 4.7% | 14.6% |
净利率HSICROK
| Q4 25 | 2.9% | 14.5% | ||
| Q3 25 | 3.0% | 6.0% | ||
| Q2 25 | 2.7% | 13.8% | ||
| Q1 25 | 3.5% | 12.6% | ||
| Q4 24 | 2.9% | 9.8% | ||
| Q3 24 | 3.1% | 11.7% | ||
| Q2 24 | 3.3% | 11.3% | ||
| Q1 24 | 2.9% | 12.5% |
每股收益（稀释后）HSICROK
| Q4 25 | $0.85 | $2.69 | ||
| Q3 25 | $0.84 | $1.24 | ||
| Q2 25 | $0.70 | $2.60 | ||
| Q1 25 | $0.88 | $2.22 | ||
| Q4 24 | $0.75 | $1.61 | ||
| Q3 24 | $0.78 | $2.09 | ||
| Q2 24 | $0.80 | $2.02 | ||
| Q1 24 | $0.72 | $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 | $156.0M | $444.0M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $3.2B | $3.7B |
| 总资产 | $11.2B | $11.2B |
| 负债/权益比越低杠杆越低 | 0.71× | — |
8季度趋势，按日历期对齐
现金及短期投资HSICROK
| Q4 25 | $156.0M | $444.0M | ||
| Q3 25 | $136.0M | $468.0M | ||
| Q2 25 | $145.0M | $495.0M | ||
| Q1 25 | $127.0M | $456.0M | ||
| Q4 24 | $122.0M | $477.0M | ||
| Q3 24 | $126.0M | $471.3M | ||
| Q2 24 | $138.0M | $407.0M | ||
| Q1 24 | $159.0M | $470.5M |
总债务HSICROK
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $2.6B | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.9B | $2.6B | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $2.0B | — |
股东权益HSICROK
| Q4 25 | $3.2B | $3.7B | ||
| Q3 25 | $3.4B | $3.7B | ||
| Q2 25 | $3.4B | $3.5B | ||
| Q1 25 | $3.3B | $3.4B | ||
| Q4 24 | $3.4B | $3.4B | ||
| Q3 24 | $3.5B | $3.5B | ||
| Q2 24 | $3.5B | $3.3B | ||
| Q1 24 | $3.6B | $3.5B |
总资产HSICROK
| Q4 25 | $11.2B | $11.2B | ||
| Q3 25 | $11.1B | $11.2B | ||
| Q2 25 | $10.9B | $11.2B | ||
| Q1 25 | $10.5B | $11.0B | ||
| Q4 24 | $10.2B | $10.9B | ||
| Q3 24 | $10.6B | $11.2B | ||
| Q2 24 | $10.3B | $11.2B | ||
| Q1 24 | $10.1B | $11.4B |
负债/权益比HSICROK
| Q4 25 | 0.71× | — | ||
| Q3 25 | 0.64× | 0.72× | ||
| Q2 25 | 0.61× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | 0.54× | 0.73× | ||
| Q2 24 | 0.54× | — | ||
| Q1 24 | 0.56× | — |
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 | $381.0M | $234.0M |
| 自由现金流经营现金流 - 资本支出 | $338.0M | $170.0M |
| 自由现金流率自由现金流/营收 | 9.8% | 8.1% |
| 资本支出强度资本支出/营收 | 1.3% | 3.0% |
| 现金转化率经营现金流/净利润 | 3.77× | 0.77× |
| 过去12个月自由现金流最近4个季度 | $573.0M | — |
8季度趋势，按日历期对齐
经营现金流HSICROK
| Q4 25 | $381.0M | $234.0M | ||
| Q3 25 | $174.0M | $454.0M | ||
| Q2 25 | $120.0M | $527.0M | ||
| Q1 25 | $37.0M | $199.0M | ||
| Q4 24 | $204.0M | $364.0M | ||
| Q3 24 | $151.0M | $432.3M | ||
| Q2 24 | $296.0M | $279.1M | ||
| Q1 24 | $197.0M | $119.8M |
自由现金流HSICROK
| Q4 25 | $338.0M | $170.0M | ||
| Q3 25 | $141.0M | — | ||
| Q2 25 | $88.0M | $489.0M | ||
| Q1 25 | $6.0M | $171.0M | ||
| Q4 24 | $168.0M | $293.0M | ||
| Q3 24 | $117.0M | — | ||
| Q2 24 | $259.0M | $238.4M | ||
| Q1 24 | $156.0M | $68.6M |
自由现金流率HSICROK
| Q4 25 | 9.8% | 8.1% | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 2.7% | 22.8% | ||
| Q1 25 | 0.2% | 8.5% | ||
| Q4 24 | 5.3% | 15.6% | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 8.3% | 11.6% | ||
| Q1 24 | 4.9% | 3.2% |
资本支出强度HSICROK
| Q4 25 | 1.3% | 3.0% | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 1.0% | 1.8% | ||
| Q1 25 | 1.0% | 1.4% | ||
| Q4 24 | 1.1% | 3.8% | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.2% | 2.0% | ||
| Q1 24 | 1.3% | 2.4% |
现金转化率HSICROK
| Q4 25 | 3.77× | 0.77× | ||
| Q3 25 | 1.72× | 3.29× | ||
| Q2 25 | 1.40× | 1.79× | ||
| Q1 25 | 0.34× | 0.79× | ||
| Q4 24 | 2.17× | 1.98× | ||
| Q3 24 | 1.53× | 1.81× | ||
| Q2 24 | 2.85× | 1.20× | ||
| Q1 24 | 2.12× | 0.45× |
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
HSIC
| Global Dental Merchandise | $1.2B | 35% |
| Global Medical | $1.1B | 31% |
| Global Dental Equipment | $536.0M | 16% |
| Global Specialty Products | $422.0M | 12% |
| Global Technology | $173.0M | 5% |
| Global Value Added Services | $64.0M | 2% |
| Equity Method Investee | $14.0M | 0% |
ROK
| Productsand Solutions | $1.9B | 89% |
| Lifecycle Services Segment | $259.0M | 12% |
