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RH（RH）与STEWART INFORMATION SERVICES CORP（STC）财务数据对比。点击上方公司名可切换其他公司
RH的季度营收约是STEWART INFORMATION SERVICES CORP的1.2倍（$883.8M vs $764.6M），RH净利率更高（4.1% vs 2.2%，领先1.9%），STEWART INFORMATION SERVICES CORP同比增速更快（27.7% vs 8.9%），过去两年STEWART INFORMATION SERVICES CORP的营收复合增速更高（12.7% 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。
斯图尔特信息服务公司（STC）是一家主营房地产信息、产权保险及交易管理服务的企业，旗下全资子公司斯图尔特产权担保公司、斯图尔特产权公司通过直营网点、斯图尔特可信供应商网络内的独立代理机构及合作企业，为美国及全球市场提供相关产品与服务，总部位于得克萨斯州休斯敦，现有员工约6350人。
RH vs STC — 直观对比
营收规模更大
RH
是对方的1.2倍
$764.6M
营收增速更快
STC
高出18.8%
8.9%
净利率更高
RH
高出1.9%
2.2%
两年增速更快
STC
近两年复合增速
9.4%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $764.6M |
| 净利润 | $36.3M | $17.0M |
| 毛利率 | 44.1% | — |
| 营业利润率 | 12.0% | — |
| 净利率 | 4.1% | 2.2% |
| 营收同比 | 8.9% | 27.7% |
| 净利润同比 | 9.3% | 448.4% |
| 每股收益（稀释后） | $1.83 | — |
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RHSTC
| Q1 26 | — | $764.6M | ||
| Q4 25 | $883.8M | $790.6M | ||
| Q3 25 | $899.2M | $796.9M | ||
| Q2 25 | $814.0M | $722.2M | ||
| Q1 25 | $812.4M | $612.0M | ||
| Q4 24 | $811.7M | $665.9M | ||
| Q3 24 | $829.7M | $667.9M | ||
| Q2 24 | $727.0M | $602.2M |
净利润RHSTC
| Q1 26 | — | $17.0M | ||
| Q4 25 | $36.3M | $36.3M | ||
| Q3 25 | $51.7M | $44.3M | ||
| Q2 25 | $8.0M | $31.9M | ||
| Q1 25 | $13.9M | $3.1M | ||
| Q4 24 | $33.2M | $22.7M | ||
| Q3 24 | $29.0M | $30.1M | ||
| Q2 24 | $-3.6M | $17.3M |
毛利率RHSTC
| 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RHSTC
| Q1 26 | — | — | ||
| Q4 25 | 12.0% | 6.5% | ||
| Q3 25 | 14.3% | 7.7% | ||
| Q2 25 | 6.9% | 6.5% | ||
| Q1 25 | 8.7% | 1.0% | ||
| Q4 24 | 12.5% | 5.3% | ||
| Q3 24 | 11.6% | 6.4% | ||
| Q2 24 | 7.5% | 4.8% |
净利率RHSTC
| Q1 26 | — | 2.2% | ||
| Q4 25 | 4.1% | 4.6% | ||
| Q3 25 | 5.8% | 5.6% | ||
| Q2 25 | 1.0% | 4.4% | ||
| Q1 25 | 1.7% | 0.5% | ||
| Q4 24 | 4.1% | 3.4% | ||
| Q3 24 | 3.5% | 4.5% | ||
| Q2 24 | -0.5% | 2.9% |
每股收益（稀释后）RHSTC
| Q1 26 | — | — | ||
| Q4 25 | $1.83 | $1.26 | ||
| Q3 25 | $2.62 | $1.55 | ||
| Q2 25 | $0.40 | $1.13 | ||
| Q1 25 | $0.71 | $0.11 | ||
| Q4 24 | $1.66 | $0.81 | ||
| Q3 24 | $1.45 | $1.07 | ||
| Q2 24 | $-0.20 | $0.62 |
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 | $317.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.3M | — |
| 总资产 | $4.8B | — |
| 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RHSTC
| Q1 26 | — | $317.5M | ||
| Q4 25 | $43.1M | $369.7M | ||
| Q3 25 | $34.6M | $233.2M | ||
| Q2 25 | $46.1M | $223.8M | ||
| Q1 25 | $30.4M | $194.2M | ||
| Q4 24 | $87.0M | $257.5M | ||
| Q3 24 | $78.3M | $228.7M | ||
| Q2 24 | $101.8M | $176.7M |
总债务RHSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $445.8M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益RHSTC
| Q1 26 | — | — | ||
| Q4 25 | $3.3M | $1.6B | ||
| Q3 25 | $-40.9M | $1.5B | ||
| Q2 25 | $-110.8M | $1.4B | ||
| Q1 25 | $-163.6M | $1.4B | ||
| Q4 24 | $-183.0M | $1.4B | ||
| Q3 24 | $-234.7M | $1.4B | ||
| Q2 24 | $-289.9M | $1.4B |
总资产RHSTC
| Q1 26 | — | — | ||
| Q4 25 | $4.8B | $3.3B | ||
| Q3 25 | $4.7B | $2.8B | ||
| Q2 25 | $4.7B | $2.8B | ||
| Q1 25 | $4.6B | $2.7B | ||
| Q4 24 | $4.5B | $2.7B | ||
| Q3 24 | $4.4B | $2.7B | ||
| Q2 24 | $4.2B | $2.6B |
负债/权益比RHSTC
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | — | ||
| Q2 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 | $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RHSTC
| Q1 26 | — | — | ||
| Q4 25 | $131.9M | $89.5M | ||
| Q3 25 | $137.7M | $92.6M | ||
| Q2 25 | $86.6M | $53.4M | ||
| Q1 25 | $-18.8M | $-29.9M | ||
| Q4 24 | $-31.4M | $68.0M | ||
| Q3 24 | $11.2M | $76.1M | ||
| Q2 24 | $56.1M | $21.1M |
自由现金流RHSTC
| Q1 26 | — | — | ||
| Q4 25 | $83.0M | $62.3M | ||
| Q3 25 | $80.7M | $73.6M | ||
| Q2 25 | $34.1M | $38.7M | ||
| Q1 25 | $-69.7M | $-42.2M | ||
| Q4 24 | $-96.0M | $55.6M | ||
| Q3 24 | $-37.9M | $67.4M | ||
| Q2 24 | $-10.1M | $11.9M |
自由现金流率RHSTC
| Q1 26 | — | — | ||
| Q4 25 | 9.4% | 7.9% | ||
| Q3 25 | 9.0% | 9.2% | ||
| Q2 25 | 4.2% | 5.4% | ||
| Q1 25 | -8.6% | -6.9% | ||
| Q4 24 | -11.8% | 8.4% | ||
| Q3 24 | -4.6% | 10.1% | ||
| Q2 24 | -1.4% | 2.0% |
资本支出强度RHSTC
| Q1 26 | — | — | ||
| Q4 25 | 5.5% | 3.4% | ||
| Q3 25 | 6.3% | 2.4% | ||
| Q2 25 | 6.5% | 2.0% | ||
| Q1 25 | 6.3% | 2.0% | ||
| Q4 24 | 8.0% | 1.9% | ||
| Q3 24 | 5.9% | 1.3% | ||
| Q2 24 | 9.1% | 1.5% |
现金转化率RHSTC
| Q1 26 | — | — | ||
| Q4 25 | 3.64× | 2.47× | ||
| Q3 25 | 2.66× | 2.09× | ||
| Q2 25 | 10.78× | 1.67× | ||
| Q1 25 | -1.35× | -9.73× | ||
| Q4 24 | -0.95× | 2.99× | ||
| Q3 24 | 0.39× | 2.53× | ||
| Q2 24 | — | 1.22× |
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% |
STC
| Agency title | $333.0M | 44% |
| Direct title | $270.2M | 35% |
| Real estate solutions | $161.4M | 21% |
