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HAVERTY FURNITURE COMPANIES INC（HVT）与RH（RH）财务数据对比。点击上方公司名可切换其他公司
RH的季度营收约是HAVERTY FURNITURE COMPANIES INC的4.4倍（$883.8M vs $201.9M）。HAVERTY FURNITURE COMPANIES INC净利率更高（4.2% vs 4.1%，领先0.1%）。HAVERTY FURNITURE COMPANIES INC同比增速更快（9.5% vs 8.9%）。RH自由现金流更多（$83.0M vs $3.0M）。过去两年RH的营收复合增速更高（9.4% vs 4.8%）
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。
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。
HVT vs RH — 直观对比
营收规模更大
RH
是对方的4.4倍
$201.9M
营收增速更快
HVT
高出0.6%
8.9%
净利率更高
HVT
高出0.1%
4.1%
自由现金流更多
RH
多$80.1M
$3.0M
两年增速更快
RH
近两年复合增速
4.8%
损益表 — Q4 2025 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $201.9M | $883.8M |
| 净利润 | $8.5M | $36.3M |
| 毛利率 | 60.4% | 44.1% |
| 营业利润率 | 5.3% | 12.0% |
| 净利率 | 4.2% | 4.1% |
| 营收同比 | 9.5% | 8.9% |
| 净利润同比 | 4.1% | 9.3% |
| 每股收益（稀释后） | — | $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HVTRH
| Q4 25 | $201.9M | $883.8M | ||
| Q3 25 | $194.5M | $899.2M | ||
| Q2 25 | $181.0M | $814.0M | ||
| Q1 25 | $181.6M | $812.4M | ||
| Q4 24 | $184.4M | $811.7M | ||
| Q3 24 | $175.9M | $829.7M | ||
| Q2 24 | $178.6M | $727.0M | ||
| Q1 24 | $184.0M | $738.3M |
净利润HVTRH
| Q4 25 | $8.5M | $36.3M | ||
| Q3 25 | $4.7M | $51.7M | ||
| Q2 25 | $2.7M | $8.0M | ||
| Q1 25 | $3.8M | $13.9M | ||
| Q4 24 | $8.2M | $33.2M | ||
| Q3 24 | $4.9M | $29.0M | ||
| Q2 24 | $4.4M | $-3.6M | ||
| Q1 24 | $2.4M | $11.4M |
毛利率HVTRH
| Q4 25 | 60.4% | 44.1% | ||
| Q3 25 | 60.3% | 45.5% | ||
| Q2 25 | 60.8% | 43.7% | ||
| Q1 25 | 61.2% | 44.7% | ||
| Q4 24 | 61.9% | 44.5% | ||
| Q3 24 | 60.2% | 45.2% | ||
| Q2 24 | 60.4% | 43.5% | ||
| Q1 24 | 60.3% | 43.5% |
营业利润率HVTRH
| Q4 25 | 5.3% | 12.0% | ||
| Q3 25 | 3.3% | 14.3% | ||
| Q2 25 | 2.4% | 6.9% | ||
| Q1 25 | 2.9% | 8.7% | ||
| Q4 24 | 5.2% | 12.5% | ||
| Q3 24 | 3.9% | 11.6% | ||
| Q2 24 | 3.6% | 7.5% | ||
| Q1 24 | 1.7% | 8.7% |
净利率HVTRH
| Q4 25 | 4.2% | 4.1% | ||
| Q3 25 | 2.4% | 5.8% | ||
| Q2 25 | 1.5% | 1.0% | ||
| Q1 25 | 2.1% | 1.7% | ||
| Q4 24 | 4.4% | 4.1% | ||
| Q3 24 | 2.8% | 3.5% | ||
| Q2 24 | 2.5% | -0.5% | ||
| Q1 24 | 1.3% | 1.5% |
每股收益（稀释后）HVTRH
| Q4 25 | — | $1.83 | ||
| Q3 25 | — | $2.62 | ||
| Q2 25 | — | $0.40 | ||
| Q1 25 | — | $0.71 | ||
| Q4 24 | — | $1.66 | ||
| Q3 24 | — | $1.45 | ||
| Q2 24 | — | $-0.20 | ||
| Q1 24 | — | $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 | $125.3M | $43.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $307.9M | $3.3M |
| 总资产 | $649.1M | $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HVTRH
| Q4 25 | $125.3M | $43.1M | ||
| Q3 25 | $130.5M | $34.6M | ||
| Q2 25 | $107.4M | $46.1M | ||
| Q1 25 | $111.9M | $30.4M | ||
| Q4 24 | $120.0M | $87.0M | ||
| Q3 24 | $121.2M | $78.3M | ||
| Q2 24 | $109.9M | $101.8M | ||
| Q1 24 | $111.8M | $123.7M |
股东权益HVTRH
| Q4 25 | $307.9M | $3.3M | ||
| Q3 25 | $306.0M | $-40.9M | ||
| Q2 25 | $304.9M | $-110.8M | ||
| Q1 25 | $305.4M | $-163.6M | ||
| Q4 24 | $307.6M | $-183.0M | ||
| Q3 24 | $307.8M | $-234.7M | ||
| Q2 24 | $307.1M | $-289.9M | ||
| Q1 24 | $306.7M | $-297.4M |
总资产HVTRH
| Q4 25 | $649.1M | $4.8B | ||
| Q3 25 | $651.7M | $4.7B | ||
| Q2 25 | $642.7M | $4.7B | ||
| Q1 25 | $642.7M | $4.6B | ||
| Q4 24 | $648.7M | $4.5B | ||
| Q3 24 | $659.3M | $4.4B | ||
| Q2 24 | $642.1M | $4.2B | ||
| Q1 24 | $640.5M | $4.1B |
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 | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $83.0M |
| 自由现金流率自由现金流/营收 | 1.5% | 9.4% |
| 资本支出强度资本支出/营收 | 2.2% | 5.5% |
| 现金转化率经营现金流/净利润 | 0.86× | 3.64× |
| 过去12个月自由现金流最近4个季度 | $33.0M | $128.1M |
8季度趋势，按日历期对齐
经营现金流HVTRH
| Q4 25 | $7.4M | $131.9M | ||
| Q3 25 | $31.9M | $137.7M | ||
| Q2 25 | $7.2M | $86.6M | ||
| Q1 25 | $6.2M | $-18.8M | ||
| Q4 24 | $16.9M | $-31.4M | ||
| Q3 24 | $24.4M | $11.2M | ||
| Q2 24 | $14.4M | $56.1M | ||
| Q1 24 | $3.1M | $-114.0M |
自由现金流HVTRH
| Q4 25 | $3.0M | $83.0M | ||
| Q3 25 | $28.3M | $80.7M | ||
| Q2 25 | $1.6M | $34.1M | ||
| Q1 25 | $27.0K | $-69.7M | ||
| Q4 24 | $9.1M | $-96.0M | ||
| Q3 24 | $16.1M | $-37.9M | ||
| Q2 24 | $4.9M | $-10.1M | ||
| Q1 24 | $-3.3M | $-251.5M |
自由现金流率HVTRH
| Q4 25 | 1.5% | 9.4% | ||
| Q3 25 | 14.6% | 9.0% | ||
| Q2 25 | 0.9% | 4.2% | ||
| Q1 25 | 0.0% | -8.6% | ||
| Q4 24 | 4.9% | -11.8% | ||
| Q3 24 | 9.2% | -4.6% | ||
| Q2 24 | 2.7% | -1.4% | ||
| Q1 24 | -1.8% | -34.1% |
资本支出强度HVTRH
| Q4 25 | 2.2% | 5.5% | ||
| Q3 25 | 1.8% | 6.3% | ||
| Q2 25 | 3.1% | 6.5% | ||
| Q1 25 | 3.4% | 6.3% | ||
| Q4 24 | 4.2% | 8.0% | ||
| Q3 24 | 4.7% | 5.9% | ||
| Q2 24 | 5.3% | 9.1% | ||
| Q1 24 | 3.5% | 18.6% |
现金转化率HVTRH
| Q4 25 | 0.86× | 3.64× | ||
| Q3 25 | 6.75× | 2.66× | ||
| Q2 25 | 2.69× | 10.78× | ||
| Q1 25 | 1.63× | -1.35× | ||
| Q4 24 | 2.06× | -0.95× | ||
| Q3 24 | 4.96× | 0.39× | ||
| Q2 24 | 3.25× | — | ||
| Q1 24 | 1.31× | -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
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
