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PVH CORP.（PVH）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
PVH CORP.的季度营收约是罗致恒富的1.8倍（$2.3B vs $1.3B），PVH CORP.同比增速更快（1.7% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $-85.1M）
PVH集团是源自美国的知名服饰企业，前身为Phillips-Van Heusen公司，旗下拥有Tommy Hilfiger、Calvin Klein等标志性时尚品牌，同时还获得Kenneth Cole New York、Michael Kors等品牌的授权经营许可，在全球服饰消费市场拥有广泛影响力。
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。
PVH vs RHI — 直观对比
营收规模更大
PVH
是对方的1.8倍
$1.3B
营收增速更快
PVH
高出7.5%
-5.8%
自由现金流更多
RHI
多$255.9M
$-85.1M
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $1.3B |
| 净利润 | $4.2M | — |
| 毛利率 | 56.3% | 37.6% |
| 营业利润率 | 7.9% | 1.7% |
| 净利率 | 0.2% | — |
| 营收同比 | 1.7% | -5.8% |
| 净利润同比 | -96.8% | — |
| 每股收益（稀释后） | $0.09 | $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PVHRHI
| Q4 25 | $2.3B | $1.3B | ||
| Q3 25 | $2.2B | $1.4B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
净利润PVHRHI
| Q4 25 | $4.2M | — | ||
| Q3 25 | $224.2M | $42.9M | ||
| Q2 25 | $-44.8M | $41.0M | ||
| Q1 25 | — | $17.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $65.5M | ||
| Q2 24 | — | $68.2M | ||
| Q1 24 | — | $63.7M |
毛利率PVHRHI
| Q4 25 | 56.3% | 37.6% | ||
| Q3 25 | 57.7% | 37.2% | ||
| Q2 25 | 58.6% | 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PVHRHI
| Q4 25 | 7.9% | 1.7% | ||
| Q3 25 | 6.1% | 1.0% | ||
| Q2 25 | -16.7% | 0.1% | ||
| Q1 25 | — | 2.9% | ||
| Q4 24 | — | 4.7% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 5.1% | ||
| Q1 24 | — | 2.8% |
净利率PVHRHI
| Q4 25 | 0.2% | — | ||
| Q3 25 | 10.3% | 3.2% | ||
| Q2 25 | -2.3% | 3.0% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 4.6% | ||
| Q1 24 | — | 4.3% |
每股收益（稀释后）PVHRHI
| Q4 25 | $0.09 | $0.32 | ||
| Q3 25 | $4.63 | $0.43 | ||
| Q2 25 | $-0.88 | $0.41 | ||
| Q1 25 | — | $0.17 | ||
| Q4 24 | — | $0.53 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | — | $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 | $158.2M | $464.4M |
| 总债务越低越好 | $2.3B | — |
| 股东权益账面价值 | $4.9B | $1.3B |
| 总资产 | $11.4B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.46× | — |
8季度趋势，按日历期对齐
现金及短期投资PVHRHI
| Q4 25 | $158.2M | $464.4M | ||
| Q3 25 | $248.8M | $365.3M | ||
| Q2 25 | $191.0M | $380.5M | ||
| Q1 25 | — | $342.5M | ||
| Q4 24 | — | $537.6M | ||
| Q3 24 | — | $570.5M | ||
| Q2 24 | — | $547.4M | ||
| Q1 24 | — | $540.9M |
总债务PVHRHI
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益PVHRHI
| Q4 25 | $4.9B | $1.3B | ||
| Q3 25 | $4.9B | $1.3B | ||
| Q2 25 | $4.6B | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.5B |
总资产PVHRHI
| Q4 25 | $11.4B | $2.9B | ||
| Q3 25 | $11.6B | $2.8B | ||
| Q2 25 | $10.7B | $2.8B | ||
| Q1 25 | — | $2.7B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | — | $3.0B | ||
| Q2 24 | — | $2.9B | ||
| Q1 24 | — | $2.9B |
负债/权益比PVHRHI
| Q4 25 | 0.46× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-44.5M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $-85.1M | $170.8M |
| 自由现金流率自由现金流/营收 | -3.7% | 13.1% |
| 资本支出强度资本支出/营收 | 1.8% | 0.9% |
| 现金转化率经营现金流/净利润 | -10.60× | — |
| 过去12个月自由现金流最近4个季度 | — | $266.8M |
8季度趋势，按日历期对齐
经营现金流PVHRHI
| Q4 25 | $-44.5M | $182.5M | ||
| Q3 25 | $213.1M | $77.4M | ||
| Q2 25 | $-71.4M | $119.4M | ||
| Q1 25 | — | $-59.3M | ||
| Q4 24 | — | $154.8M | ||
| Q3 24 | — | $129.6M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | — | $-15.9M |
自由现金流PVHRHI
| Q4 25 | $-85.1M | $170.8M | ||
| Q3 25 | $181.9M | $63.6M | ||
| Q2 25 | $-98.1M | $104.2M | ||
| Q1 25 | — | $-71.7M | ||
| Q4 24 | — | $140.5M | ||
| Q3 24 | — | $111.8M | ||
| Q2 24 | — | $129.6M | ||
| Q1 24 | — | $-27.7M |
自由现金流率PVHRHI
| Q4 25 | -3.7% | 13.1% | ||
| Q3 25 | 8.4% | 4.7% | ||
| Q2 25 | -4.9% | 7.6% | ||
| Q1 25 | — | -5.3% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | — | -1.9% |
资本支出强度PVHRHI
| Q4 25 | 1.8% | 0.9% | ||
| Q3 25 | 1.4% | 1.0% | ||
| Q2 25 | 1.3% | 1.1% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.8% |
现金转化率PVHRHI
| Q4 25 | -10.60× | — | ||
| Q3 25 | 0.95× | 1.80× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | -3.42× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | — | -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
PVH
| Sales Channel Salesto Wholesale Customers | $1.0B | 44% |
| Sales Channel Sales To Owned And Operated Retail Customers | $868.0M | 38% |
| Sales Channel Sales To Owned And Operated Digital Retail Customers | $186.6M | 8% |
| Licensing | $99.5M | 4% |
| Other | $75.8M | 3% |
| Heritage Brands | $51.3M | 2% |
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% |
