vs
Realty Income（O）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
Realty Income的季度营收约是罗致恒富的1.1倍（$1.5B vs $1.3B），Realty Income同比增速更快（11.0% vs -5.8%），Realty Income自由现金流更多（$1.2B vs $170.8M），过去两年Realty Income的营收复合增速更高（8.6% vs -6.1%）
Realty Income是一家房地产投资信托企业，投资范围覆盖美国、英国及欧洲其他六个国家的独立单租户商业地产，旗下物业普遍采用三重净租约模式。公司注册地为美国马里兰州，总部位于加利福尼亚州圣迭戈市。
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。
O vs RHI — 直观对比
营收规模更大
O
是对方的1.1倍
$1.3B
营收增速更快
O
高出16.8%
-5.8%
自由现金流更多
O
多$983.2M
$170.8M
两年增速更快
O
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.5B | $1.3B |
| 净利润 | $296.1M | — |
| 毛利率 | — | 37.6% |
| 营业利润率 | 21.7% | 1.7% |
| 净利率 | 19.9% | — |
| 营收同比 | 11.0% | -5.8% |
| 净利润同比 | 48.3% | — |
| 每股收益（稀释后） | $0.32 | $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ORHI
| Q4 25 | $1.5B | $1.3B | ||
| Q3 25 | $1.5B | $1.4B | ||
| Q2 25 | $1.4B | $1.4B | ||
| Q1 25 | $1.4B | $1.4B | ||
| Q4 24 | $1.3B | $1.4B | ||
| Q3 24 | $1.3B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.5B |
净利润ORHI
| Q4 25 | $296.1M | — | ||
| Q3 25 | $315.8M | $42.9M | ||
| Q2 25 | $196.9M | $41.0M | ||
| Q1 25 | $249.8M | $17.4M | ||
| Q4 24 | $199.6M | — | ||
| Q3 24 | $269.5M | $65.5M | ||
| Q2 24 | $259.4M | $68.2M | ||
| Q1 24 | $132.3M | $63.7M |
毛利率ORHI
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 37.2% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 36.9% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | — | 39.0% | ||
| Q2 24 | — | 39.2% | ||
| Q1 24 | — | 38.1% |
营业利润率ORHI
| Q4 25 | 21.7% | 1.7% | ||
| Q3 25 | 23.2% | 1.0% | ||
| Q2 25 | 15.8% | 0.1% | ||
| Q1 25 | 19.3% | 2.9% | ||
| Q4 24 | 16.5% | 4.7% | ||
| Q3 24 | 21.5% | 4.1% | ||
| Q2 24 | 20.7% | 5.1% | ||
| Q1 24 | 11.9% | 2.8% |
净利率ORHI
| Q4 25 | 19.9% | — | ||
| Q3 25 | 21.5% | 3.2% | ||
| Q2 25 | 14.0% | 3.0% | ||
| Q1 25 | 18.1% | 1.3% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 20.2% | 4.5% | ||
| Q2 24 | 19.4% | 4.6% | ||
| Q1 24 | 10.5% | 4.3% |
每股收益（稀释后）ORHI
| Q4 25 | $0.32 | $0.32 | ||
| Q3 25 | $0.35 | $0.43 | ||
| Q2 25 | $0.22 | $0.41 | ||
| Q1 25 | $0.28 | $0.17 | ||
| Q4 24 | $0.23 | $0.53 | ||
| Q3 24 | $0.30 | $0.64 | ||
| Q2 24 | $0.29 | $0.66 | ||
| Q1 24 | $0.16 | $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 | $434.8M | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $39.4B | $1.3B |
| 总资产 | $72.8B | $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ORHI
| Q4 25 | $434.8M | $464.4M | ||
| Q3 25 | $417.2M | $365.3M | ||
| Q2 25 | $800.4M | $380.5M | ||
| Q1 25 | $319.0M | $342.5M | ||
| Q4 24 | $445.0M | $537.6M | ||
| Q3 24 | $397.0M | $570.5M | ||
| Q2 24 | $442.8M | $547.4M | ||
| Q1 24 | $680.2M | $540.9M |
股东权益ORHI
| Q4 25 | $39.4B | $1.3B | ||
| Q3 25 | $39.1B | $1.3B | ||
| Q2 25 | $39.2B | $1.3B | ||
| Q1 25 | $39.0B | $1.3B | ||
| Q4 24 | $38.8B | $1.4B | ||
| Q3 24 | $38.5B | $1.5B | ||
| Q2 24 | $38.6B | $1.5B | ||
| Q1 24 | $39.0B | $1.5B |
总资产ORHI
| Q4 25 | $72.8B | $2.9B | ||
| Q3 25 | $71.3B | $2.8B | ||
| Q2 25 | $71.4B | $2.8B | ||
| Q1 25 | $69.8B | $2.7B | ||
| Q4 24 | $68.8B | $2.9B | ||
| Q3 24 | $68.5B | $3.0B | ||
| Q2 24 | $68.1B | $2.9B | ||
| Q1 24 | $68.3B | $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 | $1.2B | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $1.2B | $170.8M |
| 自由现金流率自由现金流/营收 | 77.6% | 13.1% |
| 资本支出强度资本支出/营收 | 3.3% | 0.9% |
| 现金转化率经营现金流/净利润 | 4.06× | — |
| 过去12个月自由现金流最近4个季度 | $3.9B | $266.8M |
8季度趋势，按日历期对齐
经营现金流ORHI
| Q4 25 | $1.2B | $182.5M | ||
| Q3 25 | $943.1M | $77.4M | ||
| Q2 25 | $1.1B | $119.4M | ||
| Q1 25 | $787.5M | $-59.3M | ||
| Q4 24 | $972.0M | $154.8M | ||
| Q3 24 | $841.5M | $129.6M | ||
| Q2 24 | $981.2M | $142.0M | ||
| Q1 24 | $778.7M | $-15.9M |
自由现金流ORHI
| Q4 25 | $1.2B | $170.8M | ||
| Q3 25 | $909.9M | $63.6M | ||
| Q2 25 | $1.0B | $104.2M | ||
| Q1 25 | $764.6M | $-71.7M | ||
| Q4 24 | $935.8M | $140.5M | ||
| Q3 24 | $807.9M | $111.8M | ||
| Q2 24 | $939.2M | $129.6M | ||
| Q1 24 | $769.0M | $-27.7M |
自由现金流率ORHI
| Q4 25 | 77.6% | 13.1% | ||
| Q3 25 | 61.9% | 4.7% | ||
| Q2 25 | 73.3% | 7.6% | ||
| Q1 25 | 55.4% | -5.3% | ||
| Q4 24 | 69.8% | 10.2% | ||
| Q3 24 | 60.7% | 7.6% | ||
| Q2 24 | 70.1% | 8.8% | ||
| Q1 24 | 61.0% | -1.9% |
资本支出强度ORHI
| Q4 25 | 3.3% | 0.9% | ||
| Q3 25 | 2.3% | 1.0% | ||
| Q2 25 | 1.9% | 1.1% | ||
| Q1 25 | 1.7% | 0.9% | ||
| Q4 24 | 2.7% | 1.0% | ||
| Q3 24 | 2.5% | 1.2% | ||
| Q2 24 | 3.1% | 0.8% | ||
| Q1 24 | 0.8% | 0.8% |
现金转化率ORHI
| Q4 25 | 4.06× | — | ||
| Q3 25 | 2.99× | 1.80× | ||
| Q2 25 | 5.39× | 2.91× | ||
| Q1 25 | 3.15× | -3.42× | ||
| Q4 24 | 4.87× | — | ||
| Q3 24 | 3.12× | 1.98× | ||
| Q2 24 | 3.78× | 2.08× | ||
| Q1 24 | 5.89× | -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
O
| Product And Service Retail | $900.8M | 61% |
| Other | $531.5M | 36% |
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% |
