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高德纳（IT）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
高德纳的季度营收约是罗致恒富的1.3倍（$1.8B vs $1.3B），高德纳同比增速更快（2.2% vs -5.8%），高德纳自由现金流更多（$270.7M vs $170.8M），过去两年高德纳的营收复合增速更高（9.1% vs -6.1%）
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
IT vs RHI — 直观对比
营收规模更大
IT
是对方的1.3倍
$1.3B
营收增速更快
IT
高出8.0%
-5.8%
自由现金流更多
IT
多$99.9M
$170.8M
两年增速更快
IT
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.3B |
| 净利润 | $242.2M | — |
| 毛利率 | 67.8% | 37.6% |
| 营业利润率 | 19.1% | 1.7% |
| 净利率 | 13.8% | — |
| 营收同比 | 2.2% | -5.8% |
| 净利润同比 | -39.2% | — |
| 每股收益（稀释后） | $3.36 | $0.32 |
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ITRHI
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.5B | $1.4B | ||
| Q4 24 | $1.7B | $1.4B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.6B | $1.5B | ||
| Q1 24 | $1.5B | $1.5B |
净利润ITRHI
| Q4 25 | $242.2M | — | ||
| Q3 25 | $35.4M | $42.9M | ||
| Q2 25 | $240.8M | $41.0M | ||
| Q1 25 | $210.9M | $17.4M | ||
| Q4 24 | $398.6M | — | ||
| Q3 24 | $415.0M | $65.5M | ||
| Q2 24 | $229.5M | $68.2M | ||
| Q1 24 | $210.5M | $63.7M |
毛利率ITRHI
| Q4 25 | 67.8% | 37.6% | ||
| Q3 25 | 69.3% | 37.2% | ||
| Q2 25 | 68.6% | 37.2% | ||
| Q1 25 | 69.4% | 36.9% | ||
| Q4 24 | 66.8% | 38.8% | ||
| Q3 24 | 68.4% | 39.0% | ||
| Q2 24 | 68.6% | 39.2% | ||
| Q1 24 | 69.4% | 38.1% |
营业利润率ITRHI
| Q4 25 | 19.1% | 1.7% | ||
| Q3 25 | 5.7% | 1.0% | ||
| Q2 25 | 19.4% | 0.1% | ||
| Q1 25 | 18.1% | 2.9% | ||
| Q4 24 | 18.5% | 4.7% | ||
| Q3 24 | 16.6% | 4.1% | ||
| Q2 24 | 20.0% | 5.1% | ||
| Q1 24 | 18.6% | 2.8% |
净利率ITRHI
| Q4 25 | 13.8% | — | ||
| Q3 25 | 2.3% | 3.2% | ||
| Q2 25 | 14.3% | 3.0% | ||
| Q1 25 | 13.7% | 1.3% | ||
| Q4 24 | 23.2% | — | ||
| Q3 24 | 28.0% | 4.5% | ||
| Q2 24 | 14.4% | 4.6% | ||
| Q1 24 | 14.3% | 4.3% |
每股收益（稀释后）ITRHI
| Q4 25 | $3.36 | $0.32 | ||
| Q3 25 | $0.47 | $0.43 | ||
| Q2 25 | $3.11 | $0.41 | ||
| Q1 25 | $2.71 | $0.17 | ||
| Q4 24 | $5.08 | $0.53 | ||
| Q3 24 | $5.32 | $0.64 | ||
| Q2 24 | $2.93 | $0.66 | ||
| Q1 24 | $2.67 | $0.61 |
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 | $1.7B | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $319.9M | $1.3B |
| 总资产 | $8.1B | $2.9B |
| 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ITRHI
| Q4 25 | $1.7B | $464.4M | ||
| Q3 25 | $1.4B | $365.3M | ||
| Q2 25 | $2.2B | $380.5M | ||
| Q1 25 | $2.1B | $342.5M | ||
| Q4 24 | $1.9B | $537.6M | ||
| Q3 24 | $1.8B | $570.5M | ||
| Q2 24 | $1.2B | $547.4M | ||
| Q1 24 | $1.2B | $540.9M |
股东权益ITRHI
| Q4 25 | $319.9M | $1.3B | ||
| Q3 25 | $556.6M | $1.3B | ||
| Q2 25 | $1.5B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $646.7M | $1.5B | ||
| Q1 24 | $718.2M | $1.5B |
总资产ITRHI
| Q4 25 | $8.1B | $2.9B | ||
| Q3 25 | $7.2B | $2.8B | ||
| Q2 25 | $8.3B | $2.8B | ||
| Q1 25 | $8.5B | $2.7B | ||
| Q4 24 | $8.5B | $2.9B | ||
| Q3 24 | $7.8B | $3.0B | ||
| Q2 24 | $7.4B | $2.9B | ||
| Q1 24 | $7.7B | $2.9B |
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 | $294.5M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $270.7M | $170.8M |
| 自由现金流率自由现金流/营收 | 15.4% | 13.1% |
| 资本支出强度资本支出/营收 | 1.4% | 0.9% |
| 现金转化率经营现金流/净利润 | 1.22× | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $266.8M |
8季度趋势，按日历期对齐
经营现金流ITRHI
| Q4 25 | $294.5M | $182.5M | ||
| Q3 25 | $298.7M | $77.4M | ||
| Q2 25 | $383.6M | $119.4M | ||
| Q1 25 | $313.5M | $-59.3M | ||
| Q4 24 | $335.4M | $154.8M | ||
| Q3 24 | $590.8M | $129.6M | ||
| Q2 24 | $370.0M | $142.0M | ||
| Q1 24 | $188.8M | $-15.9M |
自由现金流ITRHI
| Q4 25 | $270.7M | $170.8M | ||
| Q3 25 | $269.3M | $63.6M | ||
| Q2 25 | $347.3M | $104.2M | ||
| Q1 25 | $287.9M | $-71.7M | ||
| Q4 24 | $311.4M | $140.5M | ||
| Q3 24 | $565.0M | $111.8M | ||
| Q2 24 | $340.6M | $129.6M | ||
| Q1 24 | $166.2M | $-27.7M |
自由现金流率ITRHI
| Q4 25 | 15.4% | 13.1% | ||
| Q3 25 | 17.7% | 4.7% | ||
| Q2 25 | 20.6% | 7.6% | ||
| Q1 25 | 18.8% | -5.3% | ||
| Q4 24 | 18.2% | 10.2% | ||
| Q3 24 | 38.1% | 7.6% | ||
| Q2 24 | 21.4% | 8.8% | ||
| Q1 24 | 11.3% | -1.9% |
资本支出强度ITRHI
| Q4 25 | 1.4% | 0.9% | ||
| Q3 25 | 1.9% | 1.0% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 1.4% | 1.0% | ||
| Q3 24 | 1.7% | 1.2% | ||
| Q2 24 | 1.8% | 0.8% | ||
| Q1 24 | 1.5% | 0.8% |
现金转化率ITRHI
| Q4 25 | 1.22× | — | ||
| Q3 25 | 8.45× | 1.80× | ||
| Q2 25 | 1.59× | 2.91× | ||
| Q1 25 | 1.49× | -3.42× | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.42× | 1.98× | ||
| Q2 24 | 1.61× | 2.08× | ||
| Q1 24 | 0.90× | -0.25× |
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
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
