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HWH International Inc.（HWH）与如新（NUS）财务数据对比。点击上方公司名可切换其他公司
如新的季度营收约是HWH International Inc.的1790.9倍（$370.3M vs $206.8K）。如新净利率更高（3.9% vs -140.7%，领先144.6%）。如新同比增速更快（-16.9% vs -40.2%）。如新自由现金流更多（$5.9M vs $-217.9K）
HWH国际有限公司主营全球奢华文旅与生活方式服务业务，面向高净值个人及企业客户提供高端旅行会员权益、定制化专属旅行体验，以及全球奢华度假酒店、高端餐饮与休闲场所的专属访问权限，核心市场覆盖北美、亚太及欧洲地区。
如新企业集团是一家美国多层次直销企业，主打研发并销售个人护理产品与营养膳食补充产品，旗下拥有Nu Skin及Pharmanex两大品牌，目前已在全球54个市场开展业务，依托约120万独立销售代表的销售网络覆盖全球市场。
HWH vs NUS — 直观对比
营收规模更大
NUS
是对方的1790.9倍
$206.8K
营收增速更快
NUS
高出23.3%
-40.2%
净利率更高
NUS
高出144.6%
-140.7%
自由现金流更多
NUS
多$6.1M
$-217.9K
损益表 — Q3 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $206.8K | $370.3M |
| 净利润 | $-291.0K | $14.5M |
| 毛利率 | 59.8% | 70.7% |
| 营业利润率 | -142.7% | 6.3% |
| 净利率 | -140.7% | 3.9% |
| 营收同比 | -40.2% | -16.9% |
| 净利润同比 | 46.9% | 140.1% |
| 每股收益（稀释后） | — | $0.27 |
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HWHNUS
| Q4 25 | — | $370.3M | ||
| Q3 25 | $206.8K | $364.2M | ||
| Q2 25 | $310.4K | $386.1M | ||
| Q1 25 | — | $364.5M | ||
| Q4 24 | $287.1K | $445.6M | ||
| Q3 24 | $345.5K | $430.1M | ||
| Q2 24 | $334.9K | $439.1M | ||
| Q1 24 | $286.1K | $417.3M |
净利润HWHNUS
| Q4 25 | — | $14.5M | ||
| Q3 25 | $-291.0K | $17.1M | ||
| Q2 25 | $83.4K | $21.1M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | $-476.7K | $-36.1M | ||
| Q3 24 | $-548.5K | $8.3M | ||
| Q2 24 | $-387.9K | $-118.3M | ||
| Q1 24 | $-1.3M | $-533.0K |
毛利率HWHNUS
| Q4 25 | — | 70.7% | ||
| Q3 25 | 59.8% | 70.5% | ||
| Q2 25 | 48.0% | 68.8% | ||
| Q1 25 | — | 67.8% | ||
| Q4 24 | 39.6% | 62.7% | ||
| Q3 24 | 46.3% | 70.1% | ||
| Q2 24 | 49.2% | 70.0% | ||
| Q1 24 | 57.1% | 70.5% |
营业利润率HWHNUS
| Q4 25 | — | 6.3% | ||
| Q3 25 | -142.7% | 5.9% | ||
| Q2 25 | 24.5% | 8.0% | ||
| Q1 25 | — | -2.7% | ||
| Q4 24 | -170.2% | -11.9% | ||
| Q3 24 | -155.5% | 4.2% | ||
| Q2 24 | -120.5% | -28.6% | ||
| Q1 24 | -467.1% | 2.1% |
净利率HWHNUS
| Q4 25 | — | 3.9% | ||
| Q3 25 | -140.7% | 4.7% | ||
| Q2 25 | 26.9% | 5.5% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | -166.1% | -8.1% | ||
| Q3 24 | -158.7% | 1.9% | ||
| Q2 24 | -115.8% | -26.9% | ||
| Q1 24 | -467.2% | -0.1% |
每股收益（稀释后）HWHNUS
| Q4 25 | — | $0.27 | ||
| Q3 25 | — | $0.34 | ||
| Q2 25 | — | $0.43 | ||
| Q1 25 | — | $2.14 | ||
| Q4 24 | — | $-0.73 | ||
| Q3 24 | — | $0.17 | ||
| Q2 24 | — | $-2.38 | ||
| Q1 24 | — | $-0.01 |
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 | $2.9M | $239.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.8M | $805.2M |
| 总资产 | $5.2M | $1.4B |
| 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HWHNUS
| Q4 25 | — | $239.8M | ||
| Q3 25 | $2.9M | $253.0M | ||
| Q2 25 | $3.7M | $265.4M | ||
| Q1 25 | — | $213.6M | ||
| Q4 24 | $4.4M | $198.0M | ||
| Q3 24 | $836.3K | $237.8M | ||
| Q2 24 | $958.9K | $232.9M | ||
| Q1 24 | $1.1M | $221.2M |
股东权益HWHNUS
| Q4 25 | — | $805.2M | ||
| Q3 25 | $2.8M | $799.8M | ||
| Q2 25 | $3.2M | $787.8M | ||
| Q1 25 | — | $754.0M | ||
| Q4 24 | $2.8M | $651.5M | ||
| Q3 24 | $-374.9K | $706.9M | ||
| Q2 24 | $-3.6M | $686.2M | ||
| Q1 24 | $-3.1M | $810.2M |
总资产HWHNUS
| Q4 25 | — | $1.4B | ||
| Q3 25 | $5.2M | $1.4B | ||
| Q2 25 | $10.6M | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $6.4M | $1.5B | ||
| Q3 24 | $2.9M | $1.6B | ||
| Q2 24 | $3.1M | $1.6B | ||
| Q1 24 | $2.6M | $1.7B |
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 | $-199.9K | $16.6M |
| 自由现金流经营现金流 - 资本支出 | $-217.9K | $5.9M |
| 自由现金流率自由现金流/营收 | -105.4% | 1.6% |
| 资本支出强度资本支出/营收 | 8.7% | 2.9% |
| 现金转化率经营现金流/净利润 | — | 1.15× |
| 过去12个月自由现金流最近4个季度 | — | $46.0M |
8季度趋势，按日历期对齐
经营现金流HWHNUS
| Q4 25 | — | $16.6M | ||
| Q3 25 | $-199.9K | $27.5M | ||
| Q2 25 | $26.9K | $35.8M | ||
| Q1 25 | — | $389.0K | ||
| Q4 24 | $-415.2K | $25.8M | ||
| Q3 24 | $-275.0K | $31.4M | ||
| Q2 24 | $-490.8K | $51.2M | ||
| Q1 24 | $-638.2K | $3.3M |
自由现金流HWHNUS
| Q4 25 | — | $5.9M | ||
| Q3 25 | $-217.9K | $17.6M | ||
| Q2 25 | — | $35.8M | ||
| Q1 25 | — | $-13.2M | ||
| Q4 24 | $-415.5K | $13.2M | ||
| Q3 24 | $-277.1K | $22.8M | ||
| Q2 24 | $-516.8K | $43.1M | ||
| Q1 24 | $-640.3K | $-9.0M |
自由现金流率HWHNUS
| Q4 25 | — | 1.6% | ||
| Q3 25 | -105.4% | 4.8% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | -3.6% | ||
| Q4 24 | -144.7% | 3.0% | ||
| Q3 24 | -80.2% | 5.3% | ||
| Q2 24 | -154.3% | 9.8% | ||
| Q1 24 | -223.8% | -2.1% |
资本支出强度HWHNUS
| Q4 25 | — | 2.9% | ||
| Q3 25 | 8.7% | 2.7% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 3.7% | ||
| Q4 24 | 0.1% | 2.8% | ||
| Q3 24 | 0.6% | 2.0% | ||
| Q2 24 | 7.7% | 1.9% | ||
| Q1 24 | 0.7% | 2.9% |
现金转化率HWHNUS
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 1.61× | ||
| Q2 25 | 0.32× | 1.69× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.79× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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
HWH
暂无分部数据
NUS
| Other | $161.9M | 44% |
| Mainland China Segment | $52.0M | 14% |
| Southeast Asia Pacific Segment | $50.5M | 14% |
| Europe And Africa Segment | $41.8M | 11% |
| Hong Kong Taiwan Segment | $29.6M | 8% |
| South Korea Segment | $28.4M | 8% |
| Rhyz Other Segment | $6.1M | 2% |
