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赫曼米勒（MLKN）与TIC Solutions, Inc.（TIC）财务数据对比。点击上方公司名可切换其他公司
赫曼米勒的季度营收约是TIC Solutions, Inc.的1.9倍（$955.2M vs $508.3M），赫曼米勒净利率更高（2.5% vs -9.3%，领先11.8%），TIC Solutions, Inc.自由现金流更多（$37.1M vs $34.0M）
米勒诺尔公司以赫曼米勒之名开展业务，是美国知名办公家具、设备及家居产品制造商。其推出的埃隆椅、野口勇茶几、棉花糖沙发、米拉椅、伊姆斯休闲椅等产品享誉全球，此外该公司还在1968年研发出了现代办公隔间。
MLKN vs TIC — 直观对比
营收规模更大
MLKN
是对方的1.9倍
$508.3M
净利率更高
MLKN
高出11.8%
-9.3%
自由现金流更多
TIC
多$3.1M
$34.0M
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $955.2M | $508.3M |
| 净利润 | $24.2M | $-47.2M |
| 毛利率 | 39.0% | 35.2% |
| 营业利润率 | 5.1% | -3.8% |
| 净利率 | 2.5% | -9.3% |
| 营收同比 | -1.6% | — |
| 净利润同比 | -29.0% | — |
| 每股收益（稀释后） | $0.35 | — |
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MLKNTIC
| Q4 25 | $955.2M | $508.3M | ||
| Q3 25 | $955.7M | $473.9M | ||
| Q2 25 | — | $313.9M | ||
| Q1 25 | — | $234.2M |
净利润MLKNTIC
| Q4 25 | $24.2M | $-47.2M | ||
| Q3 25 | $20.2M | $-13.9M | ||
| Q2 25 | — | $-233.0K | ||
| Q1 25 | — | $-25.8M |
毛利率MLKNTIC
| Q4 25 | 39.0% | 35.2% | ||
| Q3 25 | 38.5% | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% |
营业利润率MLKNTIC
| Q4 25 | 5.1% | -3.8% | ||
| Q3 25 | 5.6% | -1.4% | ||
| Q2 25 | — | 5.8% | ||
| Q1 25 | — | -4.0% |
净利率MLKNTIC
| Q4 25 | 2.5% | -9.3% | ||
| Q3 25 | 2.1% | -2.9% | ||
| Q2 25 | — | -0.1% | ||
| Q1 25 | — | -11.0% |
每股收益（稀释后）MLKNTIC
| Q4 25 | $0.35 | — | ||
| Q3 25 | $0.29 | $-0.08 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — |
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 | $180.4M | $439.5M |
| 总债务越低越好 | $1.3B | $1.6B |
| 股东权益账面价值 | $1.3B | $2.2B |
| 总资产 | $3.9B | $4.4B |
| 负债/权益比越低杠杆越低 | 1.02× | 0.74× |
8季度趋势，按日历期对齐
现金及短期投资MLKNTIC
| Q4 25 | $180.4M | $439.5M | ||
| Q3 25 | $167.2M | $164.4M | ||
| Q2 25 | — | $130.1M | ||
| Q1 25 | — | $155.7M |
总债务MLKNTIC
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.3B | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M |
股东权益MLKNTIC
| Q4 25 | $1.3B | $2.2B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B |
总资产MLKNTIC
| Q4 25 | $3.9B | $4.4B | ||
| Q3 25 | $3.9B | $4.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B |
负债/权益比MLKNTIC
| Q4 25 | 1.02× | 0.74× | ||
| Q3 25 | 1.02× | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× |
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 | $64.6M | $49.7M |
| 自由现金流经营现金流 - 资本支出 | $34.0M | $37.1M |
| 自由现金流率自由现金流/营收 | 3.6% | 7.3% |
| 资本支出强度资本支出/营收 | 3.2% | 2.5% |
| 现金转化率经营现金流/净利润 | 2.67× | — |
| 过去12个月自由现金流最近4个季度 | — | $61.3M |
8季度趋势，按日历期对齐
经营现金流MLKNTIC
| Q4 25 | $64.6M | $49.7M | ||
| Q3 25 | $9.4M | $19.0M | ||
| Q2 25 | — | $-6.5M | ||
| Q1 25 | — | $32.8M |
自由现金流MLKNTIC
| Q4 25 | $34.0M | $37.1M | ||
| Q3 25 | $-21.3M | $10.3M | ||
| Q2 25 | — | $-14.5M | ||
| Q1 25 | — | $28.3M |
自由现金流率MLKNTIC
| Q4 25 | 3.6% | 7.3% | ||
| Q3 25 | -2.2% | 2.2% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 12.1% |
资本支出强度MLKNTIC
| Q4 25 | 3.2% | 2.5% | ||
| Q3 25 | 3.2% | 1.8% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 1.9% |
现金转化率MLKNTIC
| Q4 25 | 2.67× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | — | — | ||
| Q1 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
MLKN
| Workplace | $309.9M | 32% |
| Global Retail Segment | $275.8M | 29% |
| International Contract Segment | $170.9M | 18% |
| Performance Seating | $101.1M | 11% |
| Lifestyle | $52.9M | 6% |
| Other Products | $44.6M | 5% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
