vs
RH（RH）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
罗致恒富的季度营收约是RH的1.5倍（$1.3B vs $883.8M），RH同比增速更快（8.9% vs -5.8%），罗致恒富自由现金流更多（$170.8M vs $83.0M），过去两年RH的营收复合增速更高（9.4% vs -6.1%）
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。
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。
RH vs RHI — 直观对比
营收规模更大
RHI
是对方的1.5倍
$883.8M
营收增速更快
RH
高出14.7%
-5.8%
自由现金流更多
RHI
多$87.8M
$83.0M
两年增速更快
RH
近两年复合增速
-6.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $1.3B |
| 净利润 | $36.3M | — |
| 毛利率 | 44.1% | 37.6% |
| 营业利润率 | 12.0% | 1.7% |
| 净利率 | 4.1% | — |
| 营收同比 | 8.9% | -5.8% |
| 净利润同比 | 9.3% | — |
| 每股收益（稀释后） | $1.83 | $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RHRHI
| Q4 25 | $883.8M | $1.3B | ||
| Q3 25 | $899.2M | $1.4B | ||
| Q2 25 | $814.0M | $1.4B | ||
| Q1 25 | $812.4M | $1.4B | ||
| Q4 24 | $811.7M | $1.4B | ||
| Q3 24 | $829.7M | $1.5B | ||
| Q2 24 | $727.0M | $1.5B | ||
| Q1 24 | $738.3M | $1.5B |
净利润RHRHI
| Q4 25 | $36.3M | — | ||
| Q3 25 | $51.7M | $42.9M | ||
| Q2 25 | $8.0M | $41.0M | ||
| Q1 25 | $13.9M | $17.4M | ||
| Q4 24 | $33.2M | — | ||
| Q3 24 | $29.0M | $65.5M | ||
| Q2 24 | $-3.6M | $68.2M | ||
| Q1 24 | $11.4M | $63.7M |
毛利率RHRHI
| Q4 25 | 44.1% | 37.6% | ||
| Q3 25 | 45.5% | 37.2% | ||
| Q2 25 | 43.7% | 37.2% | ||
| Q1 25 | 44.7% | 36.9% | ||
| Q4 24 | 44.5% | 38.8% | ||
| Q3 24 | 45.2% | 39.0% | ||
| Q2 24 | 43.5% | 39.2% | ||
| Q1 24 | 43.5% | 38.1% |
营业利润率RHRHI
| Q4 25 | 12.0% | 1.7% | ||
| Q3 25 | 14.3% | 1.0% | ||
| Q2 25 | 6.9% | 0.1% | ||
| Q1 25 | 8.7% | 2.9% | ||
| Q4 24 | 12.5% | 4.7% | ||
| Q3 24 | 11.6% | 4.1% | ||
| Q2 24 | 7.5% | 5.1% | ||
| Q1 24 | 8.7% | 2.8% |
净利率RHRHI
| Q4 25 | 4.1% | — | ||
| Q3 25 | 5.8% | 3.2% | ||
| Q2 25 | 1.0% | 3.0% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | 3.5% | 4.5% | ||
| Q2 24 | -0.5% | 4.6% | ||
| Q1 24 | 1.5% | 4.3% |
每股收益（稀释后）RHRHI
| Q4 25 | $1.83 | $0.32 | ||
| Q3 25 | $2.62 | $0.43 | ||
| Q2 25 | $0.40 | $0.41 | ||
| Q1 25 | $0.71 | $0.17 | ||
| Q4 24 | $1.66 | $0.53 | ||
| Q3 24 | $1.45 | $0.64 | ||
| Q2 24 | $-0.20 | $0.66 | ||
| Q1 24 | $0.91 | $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 | $43.1M | $464.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | $1.3B |
| 总资产 | $4.8B | $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RHRHI
| Q4 25 | $43.1M | $464.4M | ||
| Q3 25 | $34.6M | $365.3M | ||
| Q2 25 | $46.1M | $380.5M | ||
| Q1 25 | $30.4M | $342.5M | ||
| Q4 24 | $87.0M | $537.6M | ||
| Q3 24 | $78.3M | $570.5M | ||
| Q2 24 | $101.8M | $547.4M | ||
| Q1 24 | $123.7M | $540.9M |
股东权益RHRHI
| Q4 25 | $3.3M | $1.3B | ||
| Q3 25 | $-40.9M | $1.3B | ||
| Q2 25 | $-110.8M | $1.3B | ||
| Q1 25 | $-163.6M | $1.3B | ||
| Q4 24 | $-183.0M | $1.4B | ||
| Q3 24 | $-234.7M | $1.5B | ||
| Q2 24 | $-289.9M | $1.5B | ||
| Q1 24 | $-297.4M | $1.5B |
总资产RHRHI
| Q4 25 | $4.8B | $2.9B | ||
| Q3 25 | $4.7B | $2.8B | ||
| Q2 25 | $4.7B | $2.8B | ||
| Q1 25 | $4.6B | $2.7B | ||
| Q4 24 | $4.5B | $2.9B | ||
| Q3 24 | $4.4B | $3.0B | ||
| Q2 24 | $4.2B | $2.9B | ||
| Q1 24 | $4.1B | $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 | $131.9M | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $170.8M |
| 自由现金流率自由现金流/营收 | 9.4% | 13.1% |
| 资本支出强度资本支出/营收 | 5.5% | 0.9% |
| 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 | $128.1M | $266.8M |
8季度趋势，按日历期对齐
经营现金流RHRHI
| Q4 25 | $131.9M | $182.5M | ||
| Q3 25 | $137.7M | $77.4M | ||
| Q2 25 | $86.6M | $119.4M | ||
| Q1 25 | $-18.8M | $-59.3M | ||
| Q4 24 | $-31.4M | $154.8M | ||
| Q3 24 | $11.2M | $129.6M | ||
| Q2 24 | $56.1M | $142.0M | ||
| Q1 24 | $-114.0M | $-15.9M |
自由现金流RHRHI
| Q4 25 | $83.0M | $170.8M | ||
| Q3 25 | $80.7M | $63.6M | ||
| Q2 25 | $34.1M | $104.2M | ||
| Q1 25 | $-69.7M | $-71.7M | ||
| Q4 24 | $-96.0M | $140.5M | ||
| Q3 24 | $-37.9M | $111.8M | ||
| Q2 24 | $-10.1M | $129.6M | ||
| Q1 24 | $-251.5M | $-27.7M |
自由现金流率RHRHI
| Q4 25 | 9.4% | 13.1% | ||
| Q3 25 | 9.0% | 4.7% | ||
| Q2 25 | 4.2% | 7.6% | ||
| Q1 25 | -8.6% | -5.3% | ||
| Q4 24 | -11.8% | 10.2% | ||
| Q3 24 | -4.6% | 7.6% | ||
| Q2 24 | -1.4% | 8.8% | ||
| Q1 24 | -34.1% | -1.9% |
资本支出强度RHRHI
| Q4 25 | 5.5% | 0.9% | ||
| Q3 25 | 6.3% | 1.0% | ||
| Q2 25 | 6.5% | 1.1% | ||
| Q1 25 | 6.3% | 0.9% | ||
| Q4 24 | 8.0% | 1.0% | ||
| Q3 24 | 5.9% | 1.2% | ||
| Q2 24 | 9.1% | 0.8% | ||
| Q1 24 | 18.6% | 0.8% |
现金转化率RHRHI
| Q4 25 | 3.64× | — | ||
| Q3 25 | 2.66× | 1.80× | ||
| Q2 25 | 10.78× | 2.91× | ||
| Q1 25 | -1.35× | -3.42× | ||
| Q4 24 | -0.95× | — | ||
| Q3 24 | 0.39× | 1.98× | ||
| Q2 24 | — | 2.08× | ||
| Q1 24 | -10.01× | -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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
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% |
