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HAVERTY FURNITURE COMPANIES INC（HVT）与UNIVERSAL DISPLAY CORP \PA\（OLED）财务数据对比。点击上方公司名可切换其他公司
HAVERTY FURNITURE COMPANIES INC的季度营收约是UNIVERSAL DISPLAY CORP \PA\的1.4倍（$201.9M vs $142.2M），UNIVERSAL DISPLAY CORP \PA\净利率更高（25.2% vs 4.2%，领先21.0%），HAVERTY FURNITURE COMPANIES INC同比增速更快（9.5% vs -14.5%），过去两年HAVERTY FURNITURE COMPANIES INC的营收复合增速更高（4.8% vs -5.3%）
该企业原名为国际鞋业公司，1911年由两家鞋企合并成立于美国密苏里州克莱顿，后开展多元化业务并逐步退出制鞋领域，最终更名为家具品牌国际，是美国家居行业知名企业，曾拥有布罗伊希尔等多个知名家具品牌。
Universal Display Corporation（股票代码OLED）是有机发光二极管（OLED）技术及材料的研发与生产企业，拥有深厚的技术积累，面向显示、照明两大领域提供相关配套服务，是全球OLED上游产业链的核心供应商之一。
HVT vs OLED — 直观对比
营收规模更大
HVT
是对方的1.4倍
$142.2M
营收增速更快
HVT
高出24.0%
-14.5%
净利率更高
OLED
高出21.0%
4.2%
两年增速更快
HVT
近两年复合增速
-5.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $201.9M | $142.2M |
| 净利润 | $8.5M | $35.9M |
| 毛利率 | 60.4% | 74.6% |
| 营业利润率 | 5.3% | 30.1% |
| 净利率 | 4.2% | 25.2% |
| 营收同比 | 9.5% | -14.5% |
| 净利润同比 | 4.1% | -44.3% |
| 每股收益（稀释后） | — | $0.76 |
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HVTOLED
| Q1 26 | — | $142.2M | ||
| Q4 25 | $201.9M | $172.9M | ||
| Q3 25 | $194.5M | $139.6M | ||
| Q2 25 | $181.0M | $171.8M | ||
| Q1 25 | $181.6M | $166.3M | ||
| Q4 24 | $184.4M | $162.3M | ||
| Q3 24 | $175.9M | $161.6M | ||
| Q2 24 | $178.6M | $158.5M |
净利润HVTOLED
| Q1 26 | — | $35.9M | ||
| Q4 25 | $8.5M | $66.3M | ||
| Q3 25 | $4.7M | $44.0M | ||
| Q2 25 | $2.7M | $67.3M | ||
| Q1 25 | $3.8M | $64.4M | ||
| Q4 24 | $8.2M | $46.0M | ||
| Q3 24 | $4.9M | $66.9M | ||
| Q2 24 | $4.4M | $52.3M |
毛利率HVTOLED
| Q1 26 | — | 74.6% | ||
| Q4 25 | 60.4% | 76.1% | ||
| Q3 25 | 60.3% | 74.6% | ||
| Q2 25 | 60.8% | 77.2% | ||
| Q1 25 | 61.2% | 77.1% | ||
| Q4 24 | 61.9% | 77.0% | ||
| Q3 24 | 60.2% | 77.8% | ||
| Q2 24 | 60.4% | 75.8% |
营业利润率HVTOLED
| Q1 26 | — | 30.1% | ||
| Q4 25 | 5.3% | 38.9% | ||
| Q3 25 | 3.3% | 30.9% | ||
| Q2 25 | 2.4% | 39.9% | ||
| Q1 25 | 2.9% | 41.9% | ||
| Q4 24 | 5.2% | 32.3% | ||
| Q3 24 | 3.9% | 41.5% | ||
| Q2 24 | 3.6% | 35.6% |
净利率HVTOLED
| Q1 26 | — | 25.2% | ||
| Q4 25 | 4.2% | 38.4% | ||
| Q3 25 | 2.4% | 31.5% | ||
| Q2 25 | 1.5% | 39.2% | ||
| Q1 25 | 2.1% | 38.8% | ||
| Q4 24 | 4.4% | 28.4% | ||
| Q3 24 | 2.8% | 41.4% | ||
| Q2 24 | 2.5% | 33.0% |
每股收益（稀释后）HVTOLED
| Q1 26 | — | $0.76 | ||
| Q4 25 | — | $1.40 | ||
| Q3 25 | — | $0.92 | ||
| Q2 25 | — | $1.41 | ||
| Q1 25 | — | $1.35 | ||
| Q4 24 | — | $0.96 | ||
| Q3 24 | — | $1.40 | ||
| Q2 24 | — | $1.10 |
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 | $125.3M | $516.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $307.9M | — |
| 总资产 | $649.1M | $1.9B |
| 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HVTOLED
| Q1 26 | — | $516.4M | ||
| Q4 25 | $125.3M | $602.4M | ||
| Q3 25 | $130.5M | $603.0M | ||
| Q2 25 | $107.4M | $525.2M | ||
| Q1 25 | $111.9M | $571.3M | ||
| Q4 24 | $120.0M | $492.7M | ||
| Q3 24 | $121.2M | $551.6M | ||
| Q2 24 | $109.9M | $530.5M |
股东权益HVTOLED
| Q1 26 | — | — | ||
| Q4 25 | $307.9M | $1.8B | ||
| Q3 25 | $306.0M | $1.7B | ||
| Q2 25 | $304.9M | $1.7B | ||
| Q1 25 | $305.4M | $1.7B | ||
| Q4 24 | $307.6M | $1.6B | ||
| Q3 24 | $307.8M | $1.6B | ||
| Q2 24 | $307.1M | $1.5B |
总资产HVTOLED
| Q1 26 | — | $1.9B | ||
| Q4 25 | $649.1M | $2.0B | ||
| Q3 25 | $651.7M | $1.9B | ||
| Q2 25 | $642.7M | $1.9B | ||
| Q1 25 | $642.7M | $1.9B | ||
| Q4 24 | $648.7M | $1.8B | ||
| Q3 24 | $659.3M | $1.8B | ||
| Q2 24 | $642.1M | $1.8B |
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 | $7.4M | $108.9M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | — |
| 自由现金流率自由现金流/营收 | 1.5% | — |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 现金转化率经营现金流/净利润 | 0.86× | 3.03× |
| 过去12个月自由现金流最近4个季度 | $33.0M | — |
8季度趋势，按日历期对齐
经营现金流HVTOLED
| Q1 26 | — | $108.9M | ||
| Q4 25 | $7.4M | $31.1M | ||
| Q3 25 | $31.9M | $97.2M | ||
| Q2 25 | $7.2M | $51.9M | ||
| Q1 25 | $6.2M | $30.6M | ||
| Q4 24 | $16.9M | $34.7M | ||
| Q3 24 | $24.4M | $79.9M | ||
| Q2 24 | $14.4M | $67.0M |
自由现金流HVTOLED
| Q1 26 | — | — | ||
| Q4 25 | $3.0M | $15.1M | ||
| Q3 25 | $28.3M | $84.3M | ||
| Q2 25 | $1.6M | $37.5M | ||
| Q1 25 | $27.0K | $17.5M | ||
| Q4 24 | $9.1M | $22.0M | ||
| Q3 24 | $16.1M | $66.2M | ||
| Q2 24 | $4.9M | $57.9M |
自由现金流率HVTOLED
| Q1 26 | — | — | ||
| Q4 25 | 1.5% | 8.7% | ||
| Q3 25 | 14.6% | 60.4% | ||
| Q2 25 | 0.9% | 21.8% | ||
| Q1 25 | 0.0% | 10.5% | ||
| Q4 24 | 4.9% | 13.6% | ||
| Q3 24 | 9.2% | 41.0% | ||
| Q2 24 | 2.7% | 36.5% |
资本支出强度HVTOLED
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 9.3% | ||
| Q3 25 | 1.8% | 9.2% | ||
| Q2 25 | 3.1% | 8.4% | ||
| Q1 25 | 3.4% | 7.9% | ||
| Q4 24 | 4.2% | 7.8% | ||
| Q3 24 | 4.7% | 8.4% | ||
| Q2 24 | 5.3% | 5.8% |
现金转化率HVTOLED
| Q1 26 | — | 3.03× | ||
| Q4 25 | 0.86× | 0.47× | ||
| Q3 25 | 6.75× | 2.21× | ||
| Q2 25 | 2.69× | 0.77× | ||
| Q1 25 | 1.63× | 0.47× | ||
| Q4 24 | 2.06× | 0.75× | ||
| Q3 24 | 4.96× | 1.19× | ||
| Q2 24 | 3.25× | 1.28× |
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
HVT
| Upholstery | $91.0M | 45% |
| Bedroom Furniture | $29.2M | 14% |
| Accessories And Other | $28.4M | 14% |
| Dining Room Furniture | $22.8M | 11% |
| Mattresses | $16.1M | 8% |
| Occasional | $14.4M | 7% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
