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HAVERTY FURNITURE COMPANIES INC（HVT）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
HAVERTY FURNITURE COMPANIES INC的季度营收约是再鼎医药的1.6倍（$201.9M vs $127.1M），再鼎医药同比增速更快（17.1% vs 9.5%），HAVERTY FURNITURE COMPANIES INC自由现金流更多（$3.0M vs $-26.7M），过去两年再鼎医药的营收复合增速更高（20.8% 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。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
HVT vs ZLAB — 直观对比
营收规模更大
HVT
是对方的1.6倍
$127.1M
营收增速更快
ZLAB
高出7.6%
9.5%
自由现金流更多
HVT
多$29.7M
$-26.7M
两年增速更快
ZLAB
近两年复合增速
4.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $201.9M | $127.1M |
| 净利润 | $8.5M | — |
| 毛利率 | 60.4% | 51.0% |
| 营业利润率 | 5.3% | -54.6% |
| 净利率 | 4.2% | — |
| 营收同比 | 9.5% | 17.1% |
| 净利润同比 | 4.1% | — |
| 每股收益（稀释后） | — | $-0.05 |
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HVTZLAB
| Q4 25 | $201.9M | $127.1M | ||
| Q3 25 | $194.5M | $115.4M | ||
| Q2 25 | $181.0M | $109.1M | ||
| Q1 25 | $181.6M | $105.7M | ||
| Q4 24 | $184.4M | $108.5M | ||
| Q3 24 | $175.9M | $101.8M | ||
| Q2 24 | $178.6M | $100.1M | ||
| Q1 24 | $184.0M | $87.1M |
净利润HVTZLAB
| Q4 25 | $8.5M | — | ||
| Q3 25 | $4.7M | $-36.0M | ||
| Q2 25 | $2.7M | $-40.7M | ||
| Q1 25 | $3.8M | $-48.4M | ||
| Q4 24 | $8.2M | — | ||
| Q3 24 | $4.9M | $-41.7M | ||
| Q2 24 | $4.4M | $-80.3M | ||
| Q1 24 | $2.4M | $-53.5M |
毛利率HVTZLAB
| Q4 25 | 60.4% | 51.0% | ||
| Q3 25 | 60.3% | 59.5% | ||
| Q2 25 | 60.8% | 60.6% | ||
| Q1 25 | 61.2% | 63.6% | ||
| Q4 24 | 61.9% | 61.5% | ||
| Q3 24 | 60.2% | 64.1% | ||
| Q2 24 | 60.4% | 64.9% | ||
| Q1 24 | 60.3% | 61.4% |
营业利润率HVTZLAB
| Q4 25 | 5.3% | -54.6% | ||
| Q3 25 | 3.3% | -42.3% | ||
| Q2 25 | 2.4% | -50.3% | ||
| Q1 25 | 2.9% | -53.3% | ||
| Q4 24 | 5.2% | -62.6% | ||
| Q3 24 | 3.9% | -66.6% | ||
| Q2 24 | 3.6% | -76.0% | ||
| Q1 24 | 1.7% | -80.7% |
净利率HVTZLAB
| Q4 25 | 4.2% | — | ||
| Q3 25 | 2.4% | -31.2% | ||
| Q2 25 | 1.5% | -37.3% | ||
| Q1 25 | 2.1% | -45.8% | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 2.8% | -40.9% | ||
| Q2 24 | 2.5% | -80.2% | ||
| Q1 24 | 1.3% | -61.4% |
每股收益（稀释后）HVTZLAB
| Q4 25 | — | $-0.05 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.04 | ||
| Q1 25 | — | $-0.04 | ||
| Q4 24 | — | $-0.09 | ||
| Q3 24 | — | $-0.04 | ||
| Q2 24 | — | $-0.08 | ||
| Q1 24 | — | $-0.05 |
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 | $689.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $307.9M | $715.5M |
| 总资产 | $649.1M | $1.2B |
| 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HVTZLAB
| Q4 25 | $125.3M | $689.6M | ||
| Q3 25 | $130.5M | $717.2M | ||
| Q2 25 | $107.4M | $732.2M | ||
| Q1 25 | $111.9M | $757.3M | ||
| Q4 24 | $120.0M | $779.7M | ||
| Q3 24 | $121.2M | $616.1M | ||
| Q2 24 | $109.9M | $630.0M | ||
| Q1 24 | $111.8M | $650.8M |
股东权益HVTZLAB
| Q4 25 | $307.9M | $715.5M | ||
| Q3 25 | $306.0M | $759.9M | ||
| Q2 25 | $304.9M | $791.7M | ||
| Q1 25 | $305.4M | $810.8M | ||
| Q4 24 | $307.6M | $840.9M | ||
| Q3 24 | $307.8M | $667.7M | ||
| Q2 24 | $307.1M | $704.2M | ||
| Q1 24 | $306.7M | $762.2M |
总资产HVTZLAB
| Q4 25 | $649.1M | $1.2B | ||
| Q3 25 | $651.7M | $1.2B | ||
| Q2 25 | $642.7M | $1.2B | ||
| Q1 25 | $642.7M | $1.2B | ||
| Q4 24 | $648.7M | $1.2B | ||
| Q3 24 | $659.3M | $985.3M | ||
| Q2 24 | $642.1M | $987.4M | ||
| Q1 24 | $640.5M | $988.4M |
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 | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | $3.0M | $-26.7M |
| 自由现金流率自由现金流/营收 | 1.5% | -21.0% |
| 资本支出强度资本支出/营收 | 2.2% | 0.5% |
| 现金转化率经营现金流/净利润 | 0.86× | — |
| 过去12个月自由现金流最近4个季度 | $33.0M | $-158.9M |
8季度趋势，按日历期对齐
经营现金流HVTZLAB
| Q4 25 | $7.4M | $-26.0M | ||
| Q3 25 | $31.9M | $-32.0M | ||
| Q2 25 | $7.2M | $-31.0M | ||
| Q1 25 | $6.2M | $-61.7M | ||
| Q4 24 | $16.9M | $-55.8M | ||
| Q3 24 | $24.4M | $-26.8M | ||
| Q2 24 | $14.4M | $-42.2M | ||
| Q1 24 | $3.1M | $-90.1M |
自由现金流HVTZLAB
| Q4 25 | $3.0M | $-26.7M | ||
| Q3 25 | $28.3M | $-35.0M | ||
| Q2 25 | $1.6M | $-33.9M | ||
| Q1 25 | $27.0K | $-63.2M | ||
| Q4 24 | $9.1M | $-58.4M | ||
| Q3 24 | $16.1M | $-28.2M | ||
| Q2 24 | $4.9M | $-42.9M | ||
| Q1 24 | $-3.3M | $-91.1M |
自由现金流率HVTZLAB
| Q4 25 | 1.5% | -21.0% | ||
| Q3 25 | 14.6% | -30.4% | ||
| Q2 25 | 0.9% | -31.1% | ||
| Q1 25 | 0.0% | -59.9% | ||
| Q4 24 | 4.9% | -53.8% | ||
| Q3 24 | 9.2% | -27.7% | ||
| Q2 24 | 2.7% | -42.9% | ||
| Q1 24 | -1.8% | -104.5% |
资本支出强度HVTZLAB
| Q4 25 | 2.2% | 0.5% | ||
| Q3 25 | 1.8% | 2.6% | ||
| Q2 25 | 3.1% | 2.6% | ||
| Q1 25 | 3.4% | 1.5% | ||
| Q4 24 | 4.2% | 2.4% | ||
| Q3 24 | 4.7% | 1.3% | ||
| Q2 24 | 5.3% | 0.7% | ||
| Q1 24 | 3.5% | 1.1% |
现金转化率HVTZLAB
| Q4 25 | 0.86× | — | ||
| Q3 25 | 6.75× | — | ||
| Q2 25 | 2.69× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.06× | — | ||
| Q3 24 | 4.96× | — | ||
| Q2 24 | 3.25× | — | ||
| Q1 24 | 1.31× | — |
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% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
