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RH（RH）与Frontier Group Holdings, Inc.（ULCC）财务数据对比。点击上方公司名可切换其他公司
Frontier Group Holdings, Inc.的季度营收约是RH的1.1倍（$997.0M vs $883.8M），Frontier Group Holdings, Inc.净利率更高（5.3% vs 4.1%，领先1.2%），RH同比增速更快（8.9% vs -0.5%），RH自由现金流更多（$83.0M vs $-113.0M），过去两年RH的营收复合增速更高（9.4% vs 7.4%）
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。
前沿通信母公司（Frontier Communications Parent, Inc.）是一家美国电信企业，拥有自营光纤网络，提供云服务，目前隶属于威瑞森。公司此前曾先后以公民公用事业公司、公民通信公司、前沿通信公司为名开展运营。
RH vs ULCC — 直观对比
营收规模更大
ULCC
是对方的1.1倍
$883.8M
营收增速更快
RH
高出9.4%
-0.5%
净利率更高
ULCC
高出1.2%
4.1%
自由现金流更多
RH
多$196.0M
$-113.0M
两年增速更快
RH
近两年复合增速
7.4%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $997.0M |
| 净利润 | $36.3M | $53.0M |
| 毛利率 | 44.1% | — |
| 营业利润率 | 12.0% | 4.9% |
| 净利率 | 4.1% | 5.3% |
| 营收同比 | 8.9% | -0.5% |
| 净利润同比 | 9.3% | -1.9% |
| 每股收益（稀释后） | $1.83 | $0.24 |
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RHULCC
| Q4 25 | $883.8M | $997.0M | ||
| Q3 25 | $899.2M | $886.0M | ||
| Q2 25 | $814.0M | $929.0M | ||
| Q1 25 | $812.4M | $912.0M | ||
| Q4 24 | $811.7M | $1.0B | ||
| Q3 24 | $829.7M | $935.0M | ||
| Q2 24 | $727.0M | $973.0M | ||
| Q1 24 | $738.3M | $865.0M |
净利润RHULCC
| Q4 25 | $36.3M | $53.0M | ||
| Q3 25 | $51.7M | $-77.0M | ||
| Q2 25 | $8.0M | $-70.0M | ||
| Q1 25 | $13.9M | $-43.0M | ||
| Q4 24 | $33.2M | $54.0M | ||
| Q3 24 | $29.0M | $26.0M | ||
| Q2 24 | $-3.6M | $31.0M | ||
| Q1 24 | $11.4M | $-26.0M |
毛利率RHULCC
| 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RHULCC
| Q4 25 | 12.0% | 4.9% | ||
| Q3 25 | 14.3% | -8.7% | ||
| Q2 25 | 6.9% | -8.1% | ||
| Q1 25 | 8.7% | -5.0% | ||
| Q4 24 | 12.5% | 4.5% | ||
| Q3 24 | 11.6% | 2.0% | ||
| Q2 24 | 7.5% | 2.6% | ||
| Q1 24 | 8.7% | -3.6% |
净利率RHULCC
| Q4 25 | 4.1% | 5.3% | ||
| Q3 25 | 5.8% | -8.7% | ||
| Q2 25 | 1.0% | -7.5% | ||
| Q1 25 | 1.7% | -4.7% | ||
| Q4 24 | 4.1% | 5.4% | ||
| Q3 24 | 3.5% | 2.8% | ||
| Q2 24 | -0.5% | 3.2% | ||
| Q1 24 | 1.5% | -3.0% |
每股收益（稀释后）RHULCC
| Q4 25 | $1.83 | $0.24 | ||
| Q3 25 | $2.62 | $-0.34 | ||
| Q2 25 | $0.40 | $-0.31 | ||
| Q1 25 | $0.71 | $-0.19 | ||
| Q4 24 | $1.66 | $0.24 | ||
| Q3 24 | $1.45 | $0.11 | ||
| Q2 24 | $-0.20 | $0.14 | ||
| Q1 24 | $0.91 | $-0.12 |
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 | $671.0M |
| 总债务越低越好 | — | $620.0M |
| 股东权益账面价值 | $3.3M | $491.0M |
| 总资产 | $4.8B | $7.2B |
| 负债/权益比越低杠杆越低 | — | 1.26× |
8季度趋势，按日历期对齐
现金及短期投资RHULCC
| Q4 25 | $43.1M | $671.0M | ||
| Q3 25 | $34.6M | $566.0M | ||
| Q2 25 | $46.1M | $563.0M | ||
| Q1 25 | $30.4M | $686.0M | ||
| Q4 24 | $87.0M | $740.0M | ||
| Q3 24 | $78.3M | $576.0M | ||
| Q2 24 | $101.8M | $658.0M | ||
| Q1 24 | $123.7M | $622.0M |
总债务RHULCC
| Q4 25 | — | $620.0M | ||
| Q3 25 | — | $673.0M | ||
| Q2 25 | — | $565.0M | ||
| Q1 25 | — | $512.0M | ||
| Q4 24 | — | $507.0M | ||
| Q3 24 | — | $474.0M | ||
| Q2 24 | — | $455.0M | ||
| Q1 24 | — | $469.0M |
股东权益RHULCC
| Q4 25 | $3.3M | $491.0M | ||
| Q3 25 | $-40.9M | $434.0M | ||
| Q2 25 | $-110.8M | $506.0M | ||
| Q1 25 | $-163.6M | $570.0M | ||
| Q4 24 | $-183.0M | $604.0M | ||
| Q3 24 | $-234.7M | $549.0M | ||
| Q2 24 | $-289.9M | $520.0M | ||
| Q1 24 | $-297.4M | $484.0M |
总资产RHULCC
| Q4 25 | $4.8B | $7.2B | ||
| Q3 25 | $4.7B | $6.7B | ||
| Q2 25 | $4.7B | $6.5B | ||
| Q1 25 | $4.6B | $6.5B | ||
| Q4 24 | $4.5B | $6.2B | ||
| Q3 24 | $4.4B | $5.8B | ||
| Q2 24 | $4.2B | $5.7B | ||
| Q1 24 | $4.1B | $5.2B |
负债/权益比RHULCC
| Q4 25 | — | 1.26× | ||
| Q3 25 | — | 1.55× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 0.84× | ||
| Q3 24 | — | 0.86× | ||
| Q2 24 | — | 0.88× | ||
| Q1 24 | — | 0.97× |
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 | $-91.0M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $-113.0M |
| 自由现金流率自由现金流/营收 | 9.4% | -11.3% |
| 资本支出强度资本支出/营收 | 5.5% | 2.2% |
| 现金转化率经营现金流/净利润 | 3.64× | -1.72× |
| 过去12个月自由现金流最近4个季度 | $128.1M | $-600.0M |
8季度趋势，按日历期对齐
经营现金流RHULCC
| Q4 25 | $131.9M | $-91.0M | ||
| Q3 25 | $137.7M | $-215.0M | ||
| Q2 25 | $86.6M | $-133.0M | ||
| Q1 25 | $-18.8M | $-86.0M | ||
| Q4 24 | $-31.4M | $87.0M | ||
| Q3 24 | $11.2M | $-156.0M | ||
| Q2 24 | $56.1M | $9.0M | ||
| Q1 24 | $-114.0M | $-22.0M |
自由现金流RHULCC
| Q4 25 | $83.0M | $-113.0M | ||
| Q3 25 | $80.7M | $-217.0M | ||
| Q2 25 | $34.1M | $-166.0M | ||
| Q1 25 | $-69.7M | $-104.0M | ||
| Q4 24 | $-96.0M | $73.0M | ||
| Q3 24 | $-37.9M | $-170.0M | ||
| Q2 24 | $-10.1M | $-22.0M | ||
| Q1 24 | $-251.5M | $-39.0M |
自由现金流率RHULCC
| Q4 25 | 9.4% | -11.3% | ||
| Q3 25 | 9.0% | -24.5% | ||
| Q2 25 | 4.2% | -17.9% | ||
| Q1 25 | -8.6% | -11.4% | ||
| Q4 24 | -11.8% | 7.3% | ||
| Q3 24 | -4.6% | -18.2% | ||
| Q2 24 | -1.4% | -2.3% | ||
| Q1 24 | -34.1% | -4.5% |
资本支出强度RHULCC
| Q4 25 | 5.5% | 2.2% | ||
| Q3 25 | 6.3% | 0.2% | ||
| Q2 25 | 6.5% | 3.6% | ||
| Q1 25 | 6.3% | 2.0% | ||
| Q4 24 | 8.0% | 1.4% | ||
| Q3 24 | 5.9% | 1.5% | ||
| Q2 24 | 9.1% | 3.2% | ||
| Q1 24 | 18.6% | 2.0% |
现金转化率RHULCC
| Q4 25 | 3.64× | -1.72× | ||
| Q3 25 | 2.66× | — | ||
| Q2 25 | 10.78× | — | ||
| Q1 25 | -1.35× | — | ||
| Q4 24 | -0.95× | 1.61× | ||
| Q3 24 | 0.39× | -6.00× | ||
| Q2 24 | — | 0.29× | ||
| 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% |
ULCC
| Aircraft Fare | $453.0M | 45% |
| Passenger Service Fees | $227.0M | 23% |
| Passenger Baggage | $177.0M | 18% |
| Passenger Seat Selection | $69.0M | 7% |
| Other Passenger Revenue | $36.0M | 4% |
| Other | $35.0M | 4% |
