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RH（RH）与RXO, Inc.（RXO）财务数据对比。点击上方公司名可切换其他公司
RXO, Inc.的季度营收约是RH的1.7倍（$1.5B vs $883.8M），RH净利率更高（4.1% vs -3.1%，领先7.2%），RH同比增速更快（8.9% vs -11.9%），RH自由现金流更多（$83.0M vs $-9.0M），过去两年RXO, Inc.的营收复合增速更高（26.8% vs 9.4%）
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。
RXO是总部位于美国的头部运输及物流解决方案供应商，核心业务覆盖货运经纪、大件商品最后一公里配送、运输管理服务与全链路供应链优化支持，主要服务北美制造业、零售业及电商领域的客户。
RH vs RXO — 直观对比
营收规模更大
RXO
是对方的1.7倍
$883.8M
营收增速更快
RH
高出20.8%
-11.9%
净利率更高
RH
高出7.2%
-3.1%
自由现金流更多
RH
多$92.0M
$-9.0M
两年增速更快
RXO
近两年复合增速
9.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $1.5B |
| 净利润 | $36.3M | $-46.0M |
| 毛利率 | 44.1% | — |
| 营业利润率 | 12.0% | -2.9% |
| 净利率 | 4.1% | -3.1% |
| 营收同比 | 8.9% | -11.9% |
| 净利润同比 | 9.3% | -84.0% |
| 每股收益（稀释后） | $1.83 | $-0.28 |
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RHRXO
| Q4 25 | $883.8M | $1.5B | ||
| Q3 25 | $899.2M | $1.4B | ||
| Q2 25 | $814.0M | $1.4B | ||
| Q1 25 | $812.4M | $1.4B | ||
| Q4 24 | $811.7M | $1.7B | ||
| Q3 24 | $829.7M | $1.0B | ||
| Q2 24 | $727.0M | $930.0M | ||
| Q1 24 | $738.3M | $913.0M |
净利润RHRXO
| Q4 25 | $36.3M | $-46.0M | ||
| Q3 25 | $51.7M | $-14.0M | ||
| Q2 25 | $8.0M | $-9.0M | ||
| Q1 25 | $13.9M | $-31.0M | ||
| Q4 24 | $33.2M | $-25.0M | ||
| Q3 24 | $29.0M | $-243.0M | ||
| Q2 24 | $-3.6M | $-7.0M | ||
| Q1 24 | $11.4M | $-15.0M |
毛利率RHRXO
| Q4 25 | 44.1% | — | ||
| Q3 25 | 45.5% | — | ||
| Q2 25 | 43.7% | — | ||
| Q1 25 | 44.7% | — | ||
| Q4 24 | 44.5% | — | ||
| Q3 24 | 45.2% | — | ||
| Q2 24 | 43.5% | — | ||
| Q1 24 | 43.5% | — |
营业利润率RHRXO
| Q4 25 | 12.0% | -2.9% | ||
| Q3 25 | 14.3% | -0.5% | ||
| Q2 25 | 6.9% | — | ||
| Q1 25 | 8.7% | -2.1% | ||
| Q4 24 | 12.5% | -1.4% | ||
| Q3 24 | 11.6% | -1.9% | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 8.7% | -1.3% |
净利率RHRXO
| Q4 25 | 4.1% | -3.1% | ||
| Q3 25 | 5.8% | -1.0% | ||
| Q2 25 | 1.0% | -0.6% | ||
| Q1 25 | 1.7% | -2.2% | ||
| Q4 24 | 4.1% | -1.5% | ||
| Q3 24 | 3.5% | -23.4% | ||
| Q2 24 | -0.5% | -0.8% | ||
| Q1 24 | 1.5% | -1.6% |
每股收益（稀释后）RHRXO
| Q4 25 | $1.83 | $-0.28 | ||
| Q3 25 | $2.62 | $-0.08 | ||
| Q2 25 | $0.40 | $-0.05 | ||
| Q1 25 | $0.71 | $-0.18 | ||
| Q4 24 | $1.66 | $-0.17 | ||
| Q3 24 | $1.45 | $-1.81 | ||
| Q2 24 | $-0.20 | $-0.06 | ||
| Q1 24 | $0.91 | $-0.13 |
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 | $17.0M |
| 总债务越低越好 | — | $387.0M |
| 股东权益账面价值 | $3.3M | $1.5B |
| 总资产 | $4.8B | $3.3B |
| 负债/权益比越低杠杆越低 | — | 0.25× |
8季度趋势，按日历期对齐
现金及短期投资RHRXO
| Q4 25 | $43.1M | $17.0M | ||
| Q3 25 | $34.6M | $25.0M | ||
| Q2 25 | $46.1M | $18.0M | ||
| Q1 25 | $30.4M | $16.0M | ||
| Q4 24 | $87.0M | $35.0M | ||
| Q3 24 | $78.3M | $55.0M | ||
| Q2 24 | $101.8M | $7.0M | ||
| Q1 24 | $123.7M | $7.0M |
总债务RHRXO
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M | ||
| Q1 24 | — | $351.0M |
股东权益RHRXO
| Q4 25 | $3.3M | $1.5B | ||
| Q3 25 | $-40.9M | $1.6B | ||
| Q2 25 | $-110.8M | $1.6B | ||
| Q1 25 | $-163.6M | $1.6B | ||
| Q4 24 | $-183.0M | $1.6B | ||
| Q3 24 | $-234.7M | $1.7B | ||
| Q2 24 | $-289.9M | $579.0M | ||
| Q1 24 | $-297.4M | $582.0M |
总资产RHRXO
| Q4 25 | $4.8B | $3.3B | ||
| Q3 25 | $4.7B | $3.2B | ||
| Q2 25 | $4.7B | $3.2B | ||
| Q1 25 | $4.6B | $3.3B | ||
| Q4 24 | $4.5B | $3.4B | ||
| Q3 24 | $4.4B | $3.4B | ||
| Q2 24 | $4.2B | $1.8B | ||
| Q1 24 | $4.1B | $1.8B |
负债/权益比RHRXO
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.60× |
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 | $7.0M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $-9.0M |
| 自由现金流率自由现金流/营收 | 9.4% | -0.6% |
| 资本支出强度资本支出/营收 | 5.5% | 1.1% |
| 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 | $-8.0M |
8季度趋势，按日历期对齐
经营现金流RHRXO
| Q4 25 | $131.9M | $7.0M | ||
| Q3 25 | $137.7M | $23.0M | ||
| Q2 25 | $86.6M | $23.0M | ||
| Q1 25 | $-18.8M | $-2.0M | ||
| Q4 24 | $-31.4M | $-7.0M | ||
| Q3 24 | $11.2M | $-7.0M | ||
| Q2 24 | $56.1M | $-5.0M | ||
| Q1 24 | $-114.0M | $7.0M |
自由现金流RHRXO
| Q4 25 | $83.0M | $-9.0M | ||
| Q3 25 | $80.7M | $9.0M | ||
| Q2 25 | $34.1M | $9.0M | ||
| Q1 25 | $-69.7M | $-17.0M | ||
| Q4 24 | $-96.0M | $-19.0M | ||
| Q3 24 | $-37.9M | $-18.0M | ||
| Q2 24 | $-10.1M | $-16.0M | ||
| Q1 24 | $-251.5M | $-4.0M |
自由现金流率RHRXO
| Q4 25 | 9.4% | -0.6% | ||
| Q3 25 | 9.0% | 0.6% | ||
| Q2 25 | 4.2% | 0.6% | ||
| Q1 25 | -8.6% | -1.2% | ||
| Q4 24 | -11.8% | -1.1% | ||
| Q3 24 | -4.6% | -1.7% | ||
| Q2 24 | -1.4% | -1.7% | ||
| Q1 24 | -34.1% | -0.4% |
资本支出强度RHRXO
| Q4 25 | 5.5% | 1.1% | ||
| Q3 25 | 6.3% | 1.0% | ||
| Q2 25 | 6.5% | 1.0% | ||
| Q1 25 | 6.3% | 1.0% | ||
| Q4 24 | 8.0% | 0.7% | ||
| Q3 24 | 5.9% | 1.1% | ||
| Q2 24 | 9.1% | 1.2% | ||
| Q1 24 | 18.6% | 1.2% |
现金转化率RHRXO
| Q4 25 | 3.64× | — | ||
| Q3 25 | 2.66× | — | ||
| Q2 25 | 10.78× | — | ||
| Q1 25 | -1.35× | — | ||
| Q4 24 | -0.95× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -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
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
