vs
好时（HSY）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
好时的季度营收约是RPM INTERNATIONAL INC的1.6倍（$3.1B vs $1.9B），好时净利率更高（10.4% vs 8.4%，领先1.9%），好时同比增速更快（7.0% vs 3.5%），好时自由现金流更多（$788.5M vs $296.4M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% vs -2.5%）
好时公司是总部位于美国宾夕法尼亚州好时镇的跨国糖果企业，也是全球最大的巧克力生产商之一，由米尔顿·S·好时于1894年创立。公司除核心巧克力产品外，还生产饼干、蛋糕等烘焙食品，同时销售奶昔等多类饮品，产品覆盖多个食品品类。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
HSY vs RPM — 直观对比
营收规模更大
HSY
是对方的1.6倍
$1.9B
营收增速更快
HSY
高出3.5%
3.5%
净利率更高
HSY
高出1.9%
8.4%
自由现金流更多
HSY
多$492.1M
$296.4M
两年增速更快
RPM
近两年复合增速
-2.5%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.1B | $1.9B |
| 净利润 | $320.0M | $161.2M |
| 毛利率 | 37.0% | 40.8% |
| 营业利润率 | 14.4% | 11.0% |
| 净利率 | 10.4% | 8.4% |
| 营收同比 | 7.0% | 3.5% |
| 净利润同比 | -59.8% | -12.0% |
| 每股收益（稀释后） | — | $1.26 |
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HSYRPM
| Q4 25 | $3.1B | $1.9B | ||
| Q3 25 | $3.2B | $2.1B | ||
| Q2 25 | $2.6B | $2.1B | ||
| Q1 25 | $2.8B | $1.5B | ||
| Q4 24 | $2.9B | $1.8B | ||
| Q3 24 | $3.0B | $2.0B | ||
| Q2 24 | $2.1B | $2.0B | ||
| Q1 24 | $3.3B | $1.5B |
净利润HSYRPM
| Q4 25 | $320.0M | $161.2M | ||
| Q3 25 | $276.3M | $227.6M | ||
| Q2 25 | $62.7M | $225.8M | ||
| Q1 25 | $224.2M | $52.0M | ||
| Q4 24 | $796.6M | $183.2M | ||
| Q3 24 | $446.3M | $227.7M | ||
| Q2 24 | $180.9M | $180.6M | ||
| Q1 24 | $797.5M | $61.2M |
毛利率HSYRPM
| Q4 25 | 37.0% | 40.8% | ||
| Q3 25 | 32.6% | 42.3% | ||
| Q2 25 | 30.5% | 42.4% | ||
| Q1 25 | 33.7% | 38.4% | ||
| Q4 24 | 54.0% | 41.4% | ||
| Q3 24 | 41.3% | 42.5% | ||
| Q2 24 | 40.2% | 41.4% | ||
| Q1 24 | 51.5% | 39.9% |
营业利润率HSYRPM
| Q4 25 | 14.4% | 11.0% | ||
| Q3 25 | 13.7% | 14.1% | ||
| Q2 25 | 7.4% | 11.9% | ||
| Q1 25 | 13.2% | 2.8% | ||
| Q4 24 | 32.5% | 11.5% | ||
| Q3 24 | 20.5% | 14.8% | ||
| Q2 24 | 13.9% | 11.9% | ||
| Q1 24 | 32.5% | 5.5% |
净利率HSYRPM
| Q4 25 | 10.4% | 8.4% | ||
| Q3 25 | 8.7% | 10.8% | ||
| Q2 25 | 2.4% | 10.8% | ||
| Q1 25 | 8.0% | 3.5% | ||
| Q4 24 | 27.6% | 9.9% | ||
| Q3 24 | 14.9% | 11.6% | ||
| Q2 24 | 8.7% | 9.0% | ||
| Q1 24 | 24.5% | 4.0% |
每股收益（稀释后）HSYRPM
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.77 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $1.42 | ||
| Q3 24 | — | $1.77 | ||
| Q2 24 | — | $1.40 | ||
| Q1 24 | — | $0.47 |
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 | — | $316.6M |
| 总债务越低越好 | $4.7B | $2.5B |
| 股东权益账面价值 | $4.6B | $3.1B |
| 总资产 | $13.7B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.01× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资HSYRPM
| Q4 25 | — | $316.6M | ||
| Q3 25 | — | $297.1M | ||
| Q2 25 | — | $302.1M | ||
| Q1 25 | — | $241.9M | ||
| Q4 24 | — | $268.7M | ||
| Q3 24 | — | $231.6M | ||
| Q2 24 | — | $237.4M | ||
| Q1 24 | — | $248.9M |
总债务HSYRPM
| Q4 25 | $4.7B | $2.5B | ||
| Q3 25 | $4.7B | $2.7B | ||
| Q2 25 | $5.2B | $2.6B | ||
| Q1 25 | $5.2B | $2.1B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.2B | $2.0B | ||
| Q2 24 | $3.5B | $2.0B | ||
| Q1 24 | $3.8B | $2.2B |
股东权益HSYRPM
| Q4 25 | $4.6B | $3.1B | ||
| Q3 25 | $4.6B | $3.1B | ||
| Q2 25 | $4.5B | $2.9B | ||
| Q1 25 | $4.7B | $2.7B | ||
| Q4 24 | $4.7B | $2.7B | ||
| Q3 24 | $4.2B | $2.6B | ||
| Q2 24 | $4.0B | $2.5B | ||
| Q1 24 | $4.1B | $2.3B |
总资产HSYRPM
| Q4 25 | $13.7B | $7.9B | ||
| Q3 25 | $13.6B | $7.9B | ||
| Q2 25 | $13.6B | $7.8B | ||
| Q1 25 | $14.0B | $6.6B | ||
| Q4 24 | $12.9B | $6.7B | ||
| Q3 24 | $12.6B | $6.6B | ||
| Q2 24 | $12.4B | $6.6B | ||
| Q1 24 | $12.4B | $6.4B |
负债/权益比HSYRPM
| Q4 25 | 1.01× | 0.80× | ||
| Q3 25 | 1.02× | 0.87× | ||
| Q2 25 | 1.15× | 0.91× | ||
| Q1 25 | 1.11× | 0.78× | ||
| Q4 24 | 0.68× | 0.74× | ||
| Q3 24 | 0.76× | 0.77× | ||
| Q2 24 | 0.87× | 0.79× | ||
| Q1 24 | 0.92× | 0.93× |
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 | $926.6M | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $788.5M | $296.4M |
| 自由现金流率自由现金流/营收 | 25.5% | 15.5% |
| 资本支出强度资本支出/营收 | 4.5% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.90× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $1.8B | $582.9M |
8季度趋势，按日历期对齐
经营现金流HSYRPM
| Q4 25 | $926.6M | $345.7M | ||
| Q3 25 | $841.9M | $237.5M | ||
| Q2 25 | $112.2M | $149.2M | ||
| Q1 25 | $396.7M | $91.5M | ||
| Q4 24 | $941.6M | $279.4M | ||
| Q3 24 | $695.3M | $248.1M | ||
| Q2 24 | $325.6M | $181.2M | ||
| Q1 24 | $569.1M | $173.4M |
自由现金流HSYRPM
| Q4 25 | $788.5M | $296.4M | ||
| Q3 25 | $756.0M | $175.0M | ||
| Q2 25 | $27.1M | $78.2M | ||
| Q1 25 | $251.2M | $33.3M | ||
| Q4 24 | $807.1M | $229.5M | ||
| Q3 24 | $567.3M | $197.3M | ||
| Q2 24 | $195.5M | $105.3M | ||
| Q1 24 | $355.8M | $124.6M |
自由现金流率HSYRPM
| Q4 25 | 25.5% | 15.5% | ||
| Q3 25 | 23.8% | 8.3% | ||
| Q2 25 | 1.0% | 3.8% | ||
| Q1 25 | 9.0% | 2.3% | ||
| Q4 24 | 28.0% | 12.4% | ||
| Q3 24 | 19.0% | 10.0% | ||
| Q2 24 | 9.4% | 5.2% | ||
| Q1 24 | 10.9% | 8.2% |
资本支出强度HSYRPM
| Q4 25 | 4.5% | 2.6% | ||
| Q3 25 | 2.7% | 3.0% | ||
| Q2 25 | 3.3% | 3.4% | ||
| Q1 25 | 5.2% | 3.9% | ||
| Q4 24 | 4.7% | 2.7% | ||
| Q3 24 | 4.3% | 2.6% | ||
| Q2 24 | 6.3% | 3.8% | ||
| Q1 24 | 6.6% | 3.2% |
现金转化率HSYRPM
| Q4 25 | 2.90× | 2.14× | ||
| Q3 25 | 3.05× | 1.04× | ||
| Q2 25 | 1.79× | 0.66× | ||
| Q1 25 | 1.77× | 1.76× | ||
| Q4 24 | 1.18× | 1.53× | ||
| Q3 24 | 1.56× | 1.09× | ||
| Q2 24 | 1.80× | 1.00× | ||
| Q1 24 | 0.71× | 2.83× |
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
HSY
| Other | $1.8B | 59% |
| North America Salty Snacks Segment | $1.3B | 41% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
