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是德科技（KEYS）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
是德科技的季度营收约是罗致恒富的1.1倍（$1.4B vs $1.3B），是德科技同比增速更快（10.3% vs -5.8%），是德科技自由现金流更多（$187.0M vs $170.8M），过去两年是德科技的营收复合增速更高（6.2% vs -6.1%）
是德科技是一家美国企业，主营电子测试测量设备与软件的研发、生产业务。公司由安捷伦科技拆分而来，核心产品线继承自惠普测试测量部门上世纪60年代末至千禧年间开发的相关产品，后独立为现有品牌。
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。
KEYS vs RHI — 直观对比
营收规模更大
KEYS
是对方的1.1倍
$1.3B
营收增速更快
KEYS
高出16.0%
-5.8%
自由现金流更多
KEYS
多$16.2M
$170.8M
两年增速更快
KEYS
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $1.3B |
| 净利润 | $233.0M | — |
| 毛利率 | 61.2% | 37.6% |
| 营业利润率 | 15.3% | 1.7% |
| 净利率 | 16.4% | — |
| 营收同比 | 10.3% | -5.8% |
| 净利润同比 | 419.2% | — |
| 每股收益（稀释后） | $1.35 | $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KEYSRHI
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.3B | $1.4B | ||
| Q1 25 | $1.3B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
净利润KEYSRHI
| Q4 25 | $233.0M | — | ||
| Q3 25 | $191.0M | $42.9M | ||
| Q2 25 | $257.0M | $41.0M | ||
| Q1 25 | $169.0M | $17.4M | ||
| Q4 24 | $-73.0M | — | ||
| Q3 24 | $389.0M | $65.5M | ||
| Q2 24 | $126.0M | $68.2M | ||
| Q1 24 | $172.0M | $63.7M |
毛利率KEYSRHI
| Q4 25 | 61.2% | 37.6% | ||
| Q3 25 | 61.7% | 37.2% | ||
| Q2 25 | 62.3% | 37.2% | ||
| Q1 25 | 63.2% | 36.9% | ||
| Q4 24 | 62.3% | 38.8% | ||
| Q3 24 | 62.0% | 39.0% | ||
| Q2 24 | 62.7% | 39.2% | ||
| Q1 24 | 64.6% | 38.1% |
营业利润率KEYSRHI
| Q4 25 | 15.3% | 1.7% | ||
| Q3 25 | 17.3% | 1.0% | ||
| Q2 25 | 15.8% | 0.1% | ||
| Q1 25 | 16.8% | 2.9% | ||
| Q4 24 | 17.9% | 4.7% | ||
| Q3 24 | 16.8% | 4.1% | ||
| Q2 24 | 14.6% | 5.1% | ||
| Q1 24 | 17.6% | 2.8% |
净利率KEYSRHI
| Q4 25 | 16.4% | — | ||
| Q3 25 | 14.1% | 3.2% | ||
| Q2 25 | 19.7% | 3.0% | ||
| Q1 25 | 13.0% | 1.3% | ||
| Q4 24 | -5.7% | — | ||
| Q3 24 | 32.0% | 4.5% | ||
| Q2 24 | 10.4% | 4.6% | ||
| Q1 24 | 13.7% | 4.3% |
每股收益（稀释后）KEYSRHI
| Q4 25 | $1.35 | $0.32 | ||
| Q3 25 | $1.10 | $0.43 | ||
| Q2 25 | $1.49 | $0.41 | ||
| Q1 25 | $0.97 | $0.17 | ||
| Q4 24 | $-0.41 | $0.53 | ||
| Q3 24 | $2.22 | $0.64 | ||
| Q2 24 | $0.72 | $0.66 | ||
| Q1 24 | $0.98 | $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 | $1.9B | $464.4M |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $5.9B | $1.3B |
| 总资产 | $11.3B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资KEYSRHI
| Q4 25 | $1.9B | $464.4M | ||
| Q3 25 | $2.6B | $365.3M | ||
| Q2 25 | $3.1B | $380.5M | ||
| Q1 25 | $2.1B | $342.5M | ||
| Q4 24 | $1.8B | $537.6M | ||
| Q3 24 | $1.6B | $570.5M | ||
| Q2 24 | $1.7B | $547.4M | ||
| Q1 24 | $1.7B | $540.9M |
总债务KEYSRHI
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.5B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $1.8B | — | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.8B | — |
股东权益KEYSRHI
| Q4 25 | $5.9B | $1.3B | ||
| Q3 25 | $5.7B | $1.3B | ||
| Q2 25 | $5.5B | $1.3B | ||
| Q1 25 | $5.2B | $1.3B | ||
| Q4 24 | $5.1B | $1.4B | ||
| Q3 24 | $5.2B | $1.5B | ||
| Q2 24 | $4.9B | $1.5B | ||
| Q1 24 | $4.8B | $1.5B |
总资产KEYSRHI
| Q4 25 | $11.3B | $2.9B | ||
| Q3 25 | $10.7B | $2.8B | ||
| Q2 25 | $10.5B | $2.8B | ||
| Q1 25 | $9.4B | $2.7B | ||
| Q4 24 | $9.3B | $2.9B | ||
| Q3 24 | $9.3B | $3.0B | ||
| Q2 24 | $9.0B | $2.9B | ||
| Q1 24 | $9.1B | $2.9B |
负债/权益比KEYSRHI
| Q4 25 | 0.43× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.46× | — | ||
| Q1 25 | 0.35× | — | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.37× | — | ||
| Q1 24 | 0.38× | — |
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 | $225.0M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $187.0M | $170.8M |
| 自由现金流率自由现金流/营收 | 13.2% | 13.1% |
| 资本支出强度资本支出/营收 | 2.7% | 0.9% |
| 现金转化率经营现金流/净利润 | 0.97× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | $266.8M |
8季度趋势，按日历期对齐
经营现金流KEYSRHI
| Q4 25 | $225.0M | $182.5M | ||
| Q3 25 | $322.0M | $77.4M | ||
| Q2 25 | $484.0M | $119.4M | ||
| Q1 25 | $378.0M | $-59.3M | ||
| Q4 24 | $359.0M | $154.8M | ||
| Q3 24 | $255.0M | $129.6M | ||
| Q2 24 | $110.0M | $142.0M | ||
| Q1 24 | $328.0M | $-15.9M |
自由现金流KEYSRHI
| Q4 25 | $187.0M | $170.8M | ||
| Q3 25 | $291.0M | $63.6M | ||
| Q2 25 | $457.0M | $104.2M | ||
| Q1 25 | $346.0M | $-71.7M | ||
| Q4 24 | $321.0M | $140.5M | ||
| Q3 24 | $222.0M | $111.8M | ||
| Q2 24 | $74.0M | $129.6M | ||
| Q1 24 | $281.0M | $-27.7M |
自由现金流率KEYSRHI
| Q4 25 | 13.2% | 13.1% | ||
| Q3 25 | 21.5% | 4.7% | ||
| Q2 25 | 35.0% | 7.6% | ||
| Q1 25 | 26.7% | -5.3% | ||
| Q4 24 | 24.9% | 10.2% | ||
| Q3 24 | 18.2% | 7.6% | ||
| Q2 24 | 6.1% | 8.8% | ||
| Q1 24 | 22.3% | -1.9% |
资本支出强度KEYSRHI
| Q4 25 | 2.7% | 0.9% | ||
| Q3 25 | 2.3% | 1.0% | ||
| Q2 25 | 2.1% | 1.1% | ||
| Q1 25 | 2.5% | 0.9% | ||
| Q4 24 | 3.0% | 1.0% | ||
| Q3 24 | 2.7% | 1.2% | ||
| Q2 24 | 3.0% | 0.8% | ||
| Q1 24 | 3.7% | 0.8% |
现金转化率KEYSRHI
| Q4 25 | 0.97× | — | ||
| Q3 25 | 1.69× | 1.80× | ||
| Q2 25 | 1.88× | 2.91× | ||
| Q1 25 | 2.24× | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.66× | 1.98× | ||
| Q2 24 | 0.87× | 2.08× | ||
| Q1 24 | 1.91× | -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
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
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% |
