vs
RH（RH）与STIFEL FINANCIAL CORP（SF）财务数据对比。点击上方公司名可切换其他公司
STIFEL FINANCIAL CORP的季度营收约是RH的1.9倍（$1.7B vs $883.8M），STIFEL FINANCIAL CORP净利率更高（15.1% vs 4.1%，领先11.0%），STIFEL FINANCIAL CORP同比增速更快（17.7% vs 8.9%），过去两年STIFEL FINANCIAL CORP的营收复合增速更高（44.4% 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。
司迪富金融是美国跨国独立投资银行及金融服务提供商，总部位于密苏里州圣路易斯市中心。其历史可追溯至1890年成立的Altheimer & Rawlings投资公司，1983年正式以Stifel为名成立，1986年11月24日在纽约证券交易所挂牌上市，为全球客户提供多元化金融服务。
RH vs SF — 直观对比
营收规模更大
SF
是对方的1.9倍
$883.8M
营收增速更快
SF
高出8.9%
8.9%
净利率更高
SF
高出11.0%
4.1%
两年增速更快
SF
近两年复合增速
9.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $1.7B |
| 净利润 | $36.3M | $251.4M |
| 毛利率 | 44.1% | — |
| 营业利润率 | 12.0% | 30.8% |
| 净利率 | 4.1% | 15.1% |
| 营收同比 | 8.9% | 17.7% |
| 净利润同比 | 9.3% | 374.4% |
| 每股收益（稀释后） | $1.83 | $1.48 |
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RHSF
| Q1 26 | — | $1.7B | ||
| Q4 25 | $883.8M | $1.1B | ||
| Q3 25 | $899.2M | $962.6M | ||
| Q2 25 | $814.0M | $838.9M | ||
| Q1 25 | $812.4M | $842.5M | ||
| Q4 24 | $811.7M | $916.0M | ||
| Q3 24 | $829.7M | $810.9M | ||
| Q2 24 | $727.0M | $798.9M |
净利润RHSF
| Q1 26 | — | $251.4M | ||
| Q4 25 | $36.3M | $264.4M | ||
| Q3 25 | $51.7M | $211.4M | ||
| Q2 25 | $8.0M | $155.1M | ||
| Q1 25 | $13.9M | $53.0M | ||
| Q4 24 | $33.2M | $244.0M | ||
| Q3 24 | $29.0M | $158.5M | ||
| Q2 24 | $-3.6M | $165.3M |
毛利率RHSF
| Q1 26 | — | — | ||
| 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% | — |
营业利润率RHSF
| Q1 26 | — | 30.8% | ||
| Q4 25 | 12.0% | 27.3% | ||
| Q3 25 | 14.3% | 29.7% | ||
| Q2 25 | 6.9% | 25.5% | ||
| Q1 25 | 8.7% | 7.5% | ||
| Q4 24 | 12.5% | 29.1% | ||
| Q3 24 | 11.6% | 26.7% | ||
| Q2 24 | 7.5% | 28.4% |
净利率RHSF
| Q1 26 | — | 15.1% | ||
| Q4 25 | 4.1% | 23.5% | ||
| Q3 25 | 5.8% | 22.0% | ||
| Q2 25 | 1.0% | 18.5% | ||
| Q1 25 | 1.7% | 6.3% | ||
| Q4 24 | 4.1% | 26.6% | ||
| Q3 24 | 3.5% | 19.5% | ||
| Q2 24 | -0.5% | 20.7% |
每股收益（稀释后）RHSF
| Q1 26 | — | $1.48 | ||
| Q4 25 | $1.83 | $2.30 | ||
| Q3 25 | $2.62 | $1.84 | ||
| Q2 25 | $0.40 | $1.34 | ||
| Q1 25 | $0.71 | $0.39 | ||
| Q4 24 | $1.66 | $2.10 | ||
| Q3 24 | $1.45 | $1.34 | ||
| Q2 24 | $-0.20 | $1.41 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | $332.3M |
| 总资产 | $4.8B | $42.9B |
| 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RHSF
| Q1 26 | — | — | ||
| Q4 25 | $43.1M | $2.3B | ||
| Q3 25 | $34.6M | $3.2B | ||
| Q2 25 | $46.1M | $1.9B | ||
| Q1 25 | $30.4M | $2.7B | ||
| Q4 24 | $87.0M | $2.6B | ||
| Q3 24 | $78.3M | $1.9B | ||
| Q2 24 | $101.8M | $2.6B |
总债务RHSF
| Q1 26 | — | — | ||
| Q4 25 | — | $617.4M | ||
| Q3 25 | — | $617.2M | ||
| Q2 25 | — | $617.0M | ||
| Q1 25 | — | $616.8M | ||
| Q4 24 | — | $616.6M | ||
| Q3 24 | — | $616.4M | ||
| Q2 24 | — | $1.1B |
股东权益RHSF
| Q1 26 | — | $332.3M | ||
| Q4 25 | $3.3M | $6.0B | ||
| Q3 25 | $-40.9M | $5.8B | ||
| Q2 25 | $-110.8M | $5.6B | ||
| Q1 25 | $-163.6M | $5.5B | ||
| Q4 24 | $-183.0M | $5.7B | ||
| Q3 24 | $-234.7M | $5.6B | ||
| Q2 24 | $-289.9M | $5.4B |
总资产RHSF
| Q1 26 | — | $42.9B | ||
| Q4 25 | $4.8B | $41.3B | ||
| Q3 25 | $4.7B | $41.7B | ||
| Q2 25 | $4.7B | $39.9B | ||
| Q1 25 | $4.6B | $40.4B | ||
| Q4 24 | $4.5B | $39.9B | ||
| Q3 24 | $4.4B | $38.9B | ||
| Q2 24 | $4.2B | $37.8B |
负债/权益比RHSF
| Q1 26 | — | — | ||
| Q4 25 | — | 0.10× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.11× | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.11× | ||
| Q2 24 | — | 0.21× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $83.0M | — |
| 自由现金流率自由现金流/营收 | 9.4% | — |
| 资本支出强度资本支出/营收 | 5.5% | — |
| 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季度趋势，按日历期对齐
经营现金流RHSF
| Q1 26 | — | — | ||
| Q4 25 | $131.9M | $382.4M | ||
| Q3 25 | $137.7M | $338.3M | ||
| Q2 25 | $86.6M | $607.5M | ||
| Q1 25 | $-18.8M | $-211.2M | ||
| Q4 24 | $-31.4M | $694.6M | ||
| Q3 24 | $11.2M | $198.3M | ||
| Q2 24 | $56.1M | $207.2M |
自由现金流RHSF
| Q1 26 | — | — | ||
| Q4 25 | $83.0M | $369.0M | ||
| Q3 25 | $80.7M | $321.1M | ||
| Q2 25 | $34.1M | $592.7M | ||
| Q1 25 | $-69.7M | $-227.8M | ||
| Q4 24 | $-96.0M | $677.2M | ||
| Q3 24 | $-37.9M | $185.6M | ||
| Q2 24 | $-10.1M | $173.3M |
自由现金流率RHSF
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 32.7% | ||
| Q3 25 | 9.0% | 33.4% | ||
| Q2 25 | 4.2% | 70.6% | ||
| Q1 25 | -8.6% | -27.0% | ||
| Q4 24 | -11.8% | 73.9% | ||
| Q3 24 | -4.6% | 22.9% | ||
| Q2 24 | -1.4% | 21.7% |
资本支出强度RHSF
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 1.2% | ||
| Q3 25 | 6.3% | 1.8% | ||
| Q2 25 | 6.5% | 1.8% | ||
| Q1 25 | 6.3% | 2.0% | ||
| Q4 24 | 8.0% | 1.9% | ||
| Q3 24 | 5.9% | 1.6% | ||
| Q2 24 | 9.1% | 4.2% |
现金转化率RHSF
| Q1 26 | — | — | ||
| Q4 25 | 3.64× | 1.45× | ||
| Q3 25 | 2.66× | 1.60× | ||
| Q2 25 | 10.78× | 3.92× | ||
| Q1 25 | -1.35× | -3.99× | ||
| Q4 24 | -0.95× | 2.85× | ||
| Q3 24 | 0.39× | 1.25× | ||
| Q2 24 | — | 1.25× |
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% |
SF
| Other | $506.7M | 30% |
| Asset management | $459.5M | 28% |
| Investment banking | $341.4M | 20% |
| Commissions | $207.8M | 12% |
| Principal transactions | $150.2M | 9% |
