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哈贝尔（HUBB）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
哈贝尔的季度营收约是RH的1.7倍（$1.5B vs $883.8M），哈贝尔净利率更高（14.6% vs 4.1%，领先10.5%），哈贝尔同比增速更快（11.9% vs 8.9%），哈贝尔自由现金流更多（$388.8M vs $83.0M），过去两年RH的营收复合增速更高（9.4% vs 3.3%）
哈贝尔（Hubbell Incorporated）是总部位于美国康涅狄格州谢尔顿的企业，由哈维·哈贝尔于1888年创立，1905年在康涅狄格州正式注册。公司主营电气及电子产品的设计、生产与销售，产品广泛应用于住宅、非住宅建筑、工业及公用事业等多个领域。
RH是美国高端家居品牌，总部位于加利福尼亚州科尔特马德拉。品牌通过线下零售门店、产品目录和线上渠道发售家居商品，截至2018年8月，在美国和加拿大共运营70家展示馆、18家全系列设计展示馆、3家婴童家居展示馆，另有36家奥莱门店。
HUBB vs RH — 直观对比
营收规模更大
HUBB
是对方的1.7倍
$883.8M
营收增速更快
HUBB
高出3.0%
8.9%
净利率更高
HUBB
高出10.5%
4.1%
自由现金流更多
HUBB
多$305.8M
$83.0M
两年增速更快
RH
近两年复合增速
3.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $883.8M |
| 净利润 | $217.7M | $36.3M |
| 毛利率 | 34.6% | 44.1% |
| 营业利润率 | 20.3% | 12.0% |
| 净利率 | 14.6% | 4.1% |
| 营收同比 | 11.9% | 8.9% |
| 净利润同比 | 10.5% | 9.3% |
| 每股收益（稀释后） | $4.06 | $1.83 |
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HUBBRH
| Q4 25 | $1.5B | $883.8M | ||
| Q3 25 | $1.5B | $899.2M | ||
| Q2 25 | $1.5B | $814.0M | ||
| Q1 25 | $1.4B | $812.4M | ||
| Q4 24 | $1.3B | $811.7M | ||
| Q3 24 | $1.4B | $829.7M | ||
| Q2 24 | $1.5B | $727.0M | ||
| Q1 24 | $1.4B | $738.3M |
净利润HUBBRH
| Q4 25 | $217.7M | $36.3M | ||
| Q3 25 | $255.5M | $51.7M | ||
| Q2 25 | $244.2M | $8.0M | ||
| Q1 25 | $169.7M | $13.9M | ||
| Q4 24 | $197.0M | $33.2M | ||
| Q3 24 | $219.4M | $29.0M | ||
| Q2 24 | $213.6M | $-3.6M | ||
| Q1 24 | $147.8M | $11.4M |
毛利率HUBBRH
| Q4 25 | 34.6% | 44.1% | ||
| Q3 25 | 36.2% | 45.5% | ||
| Q2 25 | 37.2% | 43.7% | ||
| Q1 25 | 33.1% | 44.7% | ||
| Q4 24 | 33.8% | 44.5% | ||
| Q3 24 | 34.5% | 45.2% | ||
| Q2 24 | 35.0% | 43.5% | ||
| Q1 24 | 32.0% | 43.5% |
营业利润率HUBBRH
| Q4 25 | 20.3% | 12.0% | ||
| Q3 25 | 22.0% | 14.3% | ||
| Q2 25 | 22.7% | 6.9% | ||
| Q1 25 | 17.5% | 8.7% | ||
| Q4 24 | 19.3% | 12.5% | ||
| Q3 24 | 21.1% | 11.6% | ||
| Q2 24 | 20.7% | 7.5% | ||
| Q1 24 | 16.3% | 8.7% |
净利率HUBBRH
| Q4 25 | 14.6% | 4.1% | ||
| Q3 25 | 17.0% | 5.8% | ||
| Q2 25 | 16.5% | 1.0% | ||
| Q1 25 | 12.4% | 1.7% | ||
| Q4 24 | 14.8% | 4.1% | ||
| Q3 24 | 15.2% | 3.5% | ||
| Q2 24 | 14.7% | -0.5% | ||
| Q1 24 | 10.6% | 1.5% |
每股收益（稀释后）HUBBRH
| Q4 25 | $4.06 | $1.83 | ||
| Q3 25 | $4.77 | $2.62 | ||
| Q2 25 | $4.56 | $0.40 | ||
| Q1 25 | $3.15 | $0.71 | ||
| Q4 24 | $3.65 | $1.66 | ||
| Q3 24 | $4.05 | $1.45 | ||
| Q2 24 | $3.94 | $-0.20 | ||
| Q1 24 | $2.73 | $0.91 |
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 | $497.9M | $43.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.8B | $3.3M |
| 总资产 | $8.2B | $4.8B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HUBBRH
| Q4 25 | $497.9M | $43.1M | ||
| Q3 25 | $680.9M | $34.6M | ||
| Q2 25 | $399.6M | $46.1M | ||
| Q1 25 | $360.3M | $30.4M | ||
| Q4 24 | $345.0M | $87.0M | ||
| Q3 24 | $445.6M | $78.3M | ||
| Q2 24 | $406.5M | $101.8M | ||
| Q1 24 | $400.3M | $123.7M |
总债务HUBBRH
| Q4 25 | — | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.7B | — | ||
| Q2 24 | $1.9B | — | ||
| Q1 24 | $1.9B | — |
股东权益HUBBRH
| Q4 25 | $3.8B | $3.3M | ||
| Q3 25 | $3.7B | $-40.9M | ||
| Q2 25 | $3.5B | $-110.8M | ||
| Q1 25 | $3.3B | $-163.6M | ||
| Q4 24 | $3.3B | $-183.0M | ||
| Q3 24 | $3.2B | $-234.7M | ||
| Q2 24 | $3.1B | $-289.9M | ||
| Q1 24 | $2.9B | $-297.4M |
总资产HUBBRH
| Q4 25 | $8.2B | $4.8B | ||
| Q3 25 | $7.5B | $4.7B | ||
| Q2 25 | $7.1B | $4.7B | ||
| Q1 25 | $6.9B | $4.6B | ||
| Q4 24 | $6.7B | $4.5B | ||
| Q3 24 | $6.9B | $4.4B | ||
| Q2 24 | $6.9B | $4.2B | ||
| Q1 24 | $6.9B | $4.1B |
负债/权益比HUBBRH
| Q4 25 | — | — | ||
| Q3 25 | 0.39× | — | ||
| Q2 25 | 0.41× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.51× | — | ||
| Q2 24 | 0.63× | — | ||
| Q1 24 | 0.65× | — |
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 | $447.5M | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $388.8M | $83.0M |
| 自由现金流率自由现金流/营收 | 26.0% | 9.4% |
| 资本支出强度资本支出/营收 | 3.9% | 5.5% |
| 现金转化率经营现金流/净利润 | 2.06× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $874.7M | $128.1M |
8季度趋势，按日历期对齐
经营现金流HUBBRH
| Q4 25 | $447.5M | $131.9M | ||
| Q3 25 | $284.3M | $137.7M | ||
| Q2 25 | $260.6M | $86.6M | ||
| Q1 25 | $37.4M | $-18.8M | ||
| Q4 24 | $432.4M | $-31.4M | ||
| Q3 24 | $227.0M | $11.2M | ||
| Q2 24 | $239.6M | $56.1M | ||
| Q1 24 | $92.2M | $-114.0M |
自由现金流HUBBRH
| Q4 25 | $388.8M | $83.0M | ||
| Q3 25 | $253.8M | $80.7M | ||
| Q2 25 | $220.7M | $34.1M | ||
| Q1 25 | $11.4M | $-69.7M | ||
| Q4 24 | $364.4M | $-96.0M | ||
| Q3 24 | $188.8M | $-37.9M | ||
| Q2 24 | $205.7M | $-10.1M | ||
| Q1 24 | $51.9M | $-251.5M |
自由现金流率HUBBRH
| Q4 25 | 26.0% | 9.4% | ||
| Q3 25 | 16.9% | 9.0% | ||
| Q2 25 | 14.9% | 4.2% | ||
| Q1 25 | 0.8% | -8.6% | ||
| Q4 24 | 27.3% | -11.8% | ||
| Q3 24 | 13.1% | -4.6% | ||
| Q2 24 | 14.2% | -1.4% | ||
| Q1 24 | 3.7% | -34.1% |
资本支出强度HUBBRH
| Q4 25 | 3.9% | 5.5% | ||
| Q3 25 | 2.0% | 6.3% | ||
| Q2 25 | 2.7% | 6.5% | ||
| Q1 25 | 1.9% | 6.3% | ||
| Q4 24 | 5.1% | 8.0% | ||
| Q3 24 | 2.6% | 5.9% | ||
| Q2 24 | 2.3% | 9.1% | ||
| Q1 24 | 2.9% | 18.6% |
现金转化率HUBBRH
| Q4 25 | 2.06× | 3.64× | ||
| Q3 25 | 1.11× | 2.66× | ||
| Q2 25 | 1.07× | 10.78× | ||
| Q1 25 | 0.22× | -1.35× | ||
| Q4 24 | 2.19× | -0.95× | ||
| Q3 24 | 1.03× | 0.39× | ||
| Q2 24 | 1.12× | — | ||
| Q1 24 | 0.62× | -10.01× |
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
HUBB
| Grid Infrastructure | $717.0M | 48% |
| Industrial | $393.7M | 26% |
| Grid Automation | $218.9M | 15% |
| Electrical Products | $163.1M | 11% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
