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Lovesac Co（LOVE）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Lovesac Co的5.9倍（$883.8M vs $150.2M）。RH净利率更高（4.1% vs -7.0%，领先11.1%）。RH同比增速更快（8.9% vs 0.2%）。RH自由现金流更多（$83.0M vs $-10.2M）。过去两年RH的营收复合增速更高（9.4% vs -22.6%）
Lovesac是美国的家具零售商，主打拥有专利的Sactionals模块化沙发系统，该系统由可自由组合的座部、侧部模块，以及定制沙发套和相关配件组成。除模块化沙发外，品牌还销售采用独家发泡混合材料填充的袋式懒人座椅。
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。
LOVE vs RH — 直观对比
营收规模更大
RH
是对方的5.9倍
$150.2M
营收增速更快
RH
高出8.7%
0.2%
净利率更高
RH
高出11.1%
-7.0%
自由现金流更多
RH
多$93.2M
$-10.2M
两年增速更快
RH
近两年复合增速
-22.6%
损益表 — Q3 2026 vs Q4 2026
| 指标 | | |
|---|---|---|
| 营收 | $150.2M | $883.8M |
| 净利润 | $-10.6M | $36.3M |
| 毛利率 | 56.1% | 44.1% |
| 营业利润率 | -10.5% | 12.0% |
| 净利率 | -7.0% | 4.1% |
| 营收同比 | 0.2% | 8.9% |
| 净利润同比 | -114.0% | 9.3% |
| 每股收益（稀释后） | $-0.72 | $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LOVERH
| Q4 25 | $150.2M | $883.8M | ||
| Q3 25 | $160.5M | $899.2M | ||
| Q2 25 | $138.4M | $814.0M | ||
| Q1 25 | $241.5M | $812.4M | ||
| Q4 24 | $149.9M | $811.7M | ||
| Q3 24 | $156.6M | $829.7M | ||
| Q2 24 | $132.6M | $727.0M | ||
| Q1 24 | $250.5M | $738.3M |
净利润LOVERH
| Q4 25 | $-10.6M | $36.3M | ||
| Q3 25 | $-6.7M | $51.7M | ||
| Q2 25 | $-10.8M | $8.0M | ||
| Q1 25 | $35.3M | $13.9M | ||
| Q4 24 | $-4.9M | $33.2M | ||
| Q3 24 | $-5.9M | $29.0M | ||
| Q2 24 | $-13.0M | $-3.6M | ||
| Q1 24 | $31.0M | $11.4M |
毛利率LOVERH
| Q4 25 | 56.1% | 44.1% | ||
| Q3 25 | 56.4% | 45.5% | ||
| Q2 25 | 53.7% | 43.7% | ||
| Q1 25 | 60.4% | 44.7% | ||
| Q4 24 | 58.5% | 44.5% | ||
| Q3 24 | 59.0% | 45.2% | ||
| Q2 24 | 54.3% | 43.5% | ||
| Q1 24 | 59.7% | 43.5% |
营业利润率LOVERH
| Q4 25 | -10.5% | 12.0% | ||
| Q3 25 | -5.5% | 14.3% | ||
| Q2 25 | -10.8% | 6.9% | ||
| Q1 25 | 19.7% | 8.7% | ||
| Q4 24 | -5.2% | 12.5% | ||
| Q3 24 | -5.3% | 11.6% | ||
| Q2 24 | -13.5% | 7.5% | ||
| Q1 24 | 16.1% | 8.7% |
净利率LOVERH
| Q4 25 | -7.0% | 4.1% | ||
| Q3 25 | -4.1% | 5.8% | ||
| Q2 25 | -7.8% | 1.0% | ||
| Q1 25 | 14.6% | 1.7% | ||
| Q4 24 | -3.3% | 4.1% | ||
| Q3 24 | -3.7% | 3.5% | ||
| Q2 24 | -9.8% | -0.5% | ||
| Q1 24 | 12.4% | 1.5% |
每股收益（稀释后）LOVERH
| Q4 25 | $-0.72 | $1.83 | ||
| Q3 25 | $-0.45 | $2.62 | ||
| Q2 25 | $-0.73 | $0.40 | ||
| Q1 25 | $2.22 | $0.71 | ||
| Q4 24 | $-0.32 | $1.66 | ||
| Q3 24 | $-0.38 | $1.45 | ||
| Q2 24 | $-0.83 | $-0.20 | ||
| Q1 24 | $1.91 | $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 | $23.7M | $43.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $189.3M | $3.3M |
| 总资产 | $495.5M | $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LOVERH
| Q4 25 | $23.7M | $43.1M | ||
| Q3 25 | $34.2M | $34.6M | ||
| Q2 25 | $26.9M | $46.1M | ||
| Q1 25 | $83.7M | $30.4M | ||
| Q4 24 | $61.7M | $87.0M | ||
| Q3 24 | $72.1M | $78.3M | ||
| Q2 24 | $72.4M | $101.8M | ||
| Q1 24 | $87.0M | $123.7M |
股东权益LOVERH
| Q4 25 | $189.3M | $3.3M | ||
| Q3 25 | $197.5M | $-40.9M | ||
| Q2 25 | $201.2M | $-110.8M | ||
| Q1 25 | $216.4M | $-163.6M | ||
| Q4 24 | $196.5M | $-183.0M | ||
| Q3 24 | $202.1M | $-234.7M | ||
| Q2 24 | $205.3M | $-289.9M | ||
| Q1 24 | $217.5M | $-297.4M |
总资产LOVERH
| Q4 25 | $495.5M | $4.8B | ||
| Q3 25 | $493.7M | $4.7B | ||
| Q2 25 | $483.7M | $4.7B | ||
| Q1 25 | $532.3M | $4.6B | ||
| Q4 24 | $499.7M | $4.5B | ||
| Q3 24 | $481.1M | $4.4B | ||
| Q2 24 | $477.2M | $4.2B | ||
| Q1 24 | $482.2M | $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 | $-4.9M | $131.9M |
| 自由现金流经营现金流 - 资本支出 | $-10.2M | $83.0M |
| 自由现金流率自由现金流/营收 | -6.8% | 9.4% |
| 资本支出强度资本支出/营收 | 3.5% | 5.5% |
| 现金转化率经营现金流/净利润 | — | 3.64× |
| 过去12个月自由现金流最近4个季度 | $-13.6M | $128.1M |
8季度趋势，按日历期对齐
经营现金流LOVERH
| Q4 25 | $-4.9M | $131.9M | ||
| Q3 25 | $12.2M | $137.7M | ||
| Q2 25 | $-41.4M | $86.6M | ||
| Q1 25 | $44.0M | $-18.8M | ||
| Q4 24 | $-4.2M | $-31.4M | ||
| Q3 24 | $6.2M | $11.2M | ||
| Q2 24 | $-7.0M | $56.1M | ||
| Q1 24 | $56.3M | $-114.0M |
自由现金流LOVERH
| Q4 25 | $-10.2M | $83.0M | ||
| Q3 25 | $7.8M | $80.7M | ||
| Q2 25 | $-50.0M | $34.1M | ||
| Q1 25 | $38.7M | $-69.7M | ||
| Q4 24 | $-6.6M | $-96.0M | ||
| Q3 24 | $119.0K | $-37.9M | ||
| Q2 24 | $-14.3M | $-10.1M | ||
| Q1 24 | $49.5M | $-251.5M |
自由现金流率LOVERH
| Q4 25 | -6.8% | 9.4% | ||
| Q3 25 | 4.9% | 9.0% | ||
| Q2 25 | -36.1% | 4.2% | ||
| Q1 25 | 16.0% | -8.6% | ||
| Q4 24 | -4.4% | -11.8% | ||
| Q3 24 | 0.1% | -4.6% | ||
| Q2 24 | -10.8% | -1.4% | ||
| Q1 24 | 19.8% | -34.1% |
资本支出强度LOVERH
| Q4 25 | 3.5% | 5.5% | ||
| Q3 25 | 2.7% | 6.3% | ||
| Q2 25 | 6.2% | 6.5% | ||
| Q1 25 | 2.2% | 6.3% | ||
| Q4 24 | 1.6% | 8.0% | ||
| Q3 24 | 3.9% | 5.9% | ||
| Q2 24 | 5.5% | 9.1% | ||
| Q1 24 | 2.7% | 18.6% |
现金转化率LOVERH
| Q4 25 | — | 3.64× | ||
| Q3 25 | — | 2.66× | ||
| Q2 25 | — | 10.78× | ||
| Q1 25 | 1.25× | -1.35× | ||
| Q4 24 | — | -0.95× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.82× | -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
LOVE
| Showrooms | $102.7M | 68% |
| Internet | $37.3M | 25% |
| Other | $10.2M | 7% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
