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RH（RH）与Worthington Steel, Inc.（WS）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Worthington Steel, Inc.的1.0倍（$883.8M vs $871.9M），RH净利率更高（4.1% vs 2.2%，领先1.9%），Worthington Steel, Inc.同比增速更快（18.0% vs 8.9%），RH自由现金流更多（$83.0M vs $74.6M），过去两年RH的营收复合增速更高（9.4% vs 3.9%）
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。
沃辛顿钢铁是总部位于美国俄亥俄州哥伦布市的工业制造企业，下设消费品和建筑建材两大业务板块，主营各类压力容器的设计与生产，覆盖丙烷、氧气、氦气储罐，制冷剂及工业气瓶，露营与民用气瓶，以及用于存储、处理、加热、扩容和流量控制的供水系统罐体等产品。
RH vs WS — 直观对比
营收规模更大
RH
是对方的1.0倍
$871.9M
营收增速更快
WS
高出9.1%
8.9%
净利率更高
RH
高出1.9%
2.2%
自由现金流更多
RH
多$8.4M
$74.6M
两年增速更快
RH
近两年复合增速
3.9%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $883.8M | $871.9M |
| 净利润 | $36.3M | $18.8M |
| 毛利率 | 44.1% | 10.7% |
| 营业利润率 | 12.0% | 2.5% |
| 净利率 | 4.1% | 2.2% |
| 营收同比 | 8.9% | 18.0% |
| 净利润同比 | 9.3% | 46.9% |
| 每股收益（稀释后） | $1.83 | $0.37 |
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RHWS
| Q4 25 | $883.8M | $871.9M | ||
| Q3 25 | $899.2M | $872.9M | ||
| Q2 25 | $814.0M | $832.9M | ||
| Q1 25 | $812.4M | $687.4M | ||
| Q4 24 | $811.7M | $739.0M | ||
| Q3 24 | $829.7M | $834.0M | ||
| Q2 24 | $727.0M | — | ||
| Q1 24 | $738.3M | $805.8M |
净利润RHWS
| Q4 25 | $36.3M | $18.8M | ||
| Q3 25 | $51.7M | $36.8M | ||
| Q2 25 | $8.0M | $55.7M | ||
| Q1 25 | $13.9M | $13.8M | ||
| Q4 24 | $33.2M | $12.8M | ||
| Q3 24 | $29.0M | $28.4M | ||
| Q2 24 | $-3.6M | — | ||
| Q1 24 | $11.4M | $49.0M |
毛利率RHWS
| Q4 25 | 44.1% | 10.7% | ||
| Q3 25 | 45.5% | 13.2% | ||
| Q2 25 | 43.7% | 15.2% | ||
| Q1 25 | 44.7% | 11.8% | ||
| Q4 24 | 44.5% | 10.8% | ||
| Q3 24 | 45.2% | 12.0% | ||
| Q2 24 | 43.5% | — | ||
| Q1 24 | 43.5% | 14.9% |
营业利润率RHWS
| Q4 25 | 12.0% | 2.5% | ||
| Q3 25 | 14.3% | 5.5% | ||
| Q2 25 | 6.9% | 8.0% | ||
| Q1 25 | 8.7% | 2.7% | ||
| Q4 24 | 12.5% | 2.6% | ||
| Q3 24 | 11.6% | 5.2% | ||
| Q2 24 | 7.5% | — | ||
| Q1 24 | 8.7% | 8.2% |
净利率RHWS
| Q4 25 | 4.1% | 2.2% | ||
| Q3 25 | 5.8% | 4.2% | ||
| Q2 25 | 1.0% | 6.7% | ||
| Q1 25 | 1.7% | 2.0% | ||
| Q4 24 | 4.1% | 1.7% | ||
| Q3 24 | 3.5% | 3.4% | ||
| Q2 24 | -0.5% | — | ||
| Q1 24 | 1.5% | 6.1% |
每股收益（稀释后）RHWS
| Q4 25 | $1.83 | $0.37 | ||
| Q3 25 | $2.62 | $0.72 | ||
| Q2 25 | $0.40 | $1.11 | ||
| Q1 25 | $0.71 | $0.27 | ||
| Q4 24 | $1.66 | $0.25 | ||
| Q3 24 | $1.45 | $0.56 | ||
| Q2 24 | $-0.20 | — | ||
| Q1 24 | $0.91 | $0.98 |
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 | $89.8M |
| 总债务越低越好 | — | $72.1M |
| 股东权益账面价值 | $3.3M | $1.1B |
| 总资产 | $4.8B | $2.1B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资RHWS
| Q4 25 | $43.1M | $89.8M | ||
| Q3 25 | $34.6M | $78.3M | ||
| Q2 25 | $46.1M | $38.0M | ||
| Q1 25 | $30.4M | $63.3M | ||
| Q4 24 | $87.0M | $52.0M | ||
| Q3 24 | $78.3M | $36.0M | ||
| Q2 24 | $101.8M | — | ||
| Q1 24 | $123.7M | $60.8M |
总债务RHWS
| Q4 25 | — | $72.1M | ||
| Q3 25 | — | $73.4M | ||
| Q2 25 | — | $151.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $115.0M | ||
| Q3 24 | — | $122.2M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $147.2M |
股东权益RHWS
| Q4 25 | $3.3M | $1.1B | ||
| Q3 25 | $-40.9M | $1.1B | ||
| Q2 25 | $-110.8M | $1.1B | ||
| Q1 25 | $-163.6M | $1.0B | ||
| Q4 24 | $-183.0M | $1.0B | ||
| Q3 24 | $-234.7M | $1.0B | ||
| Q2 24 | $-289.9M | — | ||
| Q1 24 | $-297.4M | $937.6M |
总资产RHWS
| Q4 25 | $4.8B | $2.1B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.7B | $2.0B | ||
| Q1 25 | $4.6B | $1.8B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.4B | $1.8B | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.1B | $1.8B |
负债/权益比RHWS
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.11× | ||
| Q3 24 | — | 0.12× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.16× |
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 | $99.3M |
| 自由现金流经营现金流 - 资本支出 | $83.0M | $74.6M |
| 自由现金流率自由现金流/营收 | 9.4% | 8.6% |
| 资本支出强度资本支出/营收 | 5.5% | 2.8% |
| 现金转化率经营现金流/净利润 | 3.64× | 5.28× |
| 过去12个月自由现金流最近4个季度 | $128.1M | $72.5M |
8季度趋势，按日历期对齐
经营现金流RHWS
| Q4 25 | $131.9M | $99.3M | ||
| Q3 25 | $137.7M | $-6.3M | ||
| Q2 25 | $86.6M | $53.9M | ||
| Q1 25 | $-18.8M | $53.8M | ||
| Q4 24 | $-31.4M | $68.0M | ||
| Q3 24 | $11.2M | $54.6M | ||
| Q2 24 | $56.1M | — | ||
| Q1 24 | $-114.0M | $44.7M |
自由现金流RHWS
| Q4 25 | $83.0M | $74.6M | ||
| Q3 25 | $80.7M | $-35.7M | ||
| Q2 25 | $34.1M | $8.4M | ||
| Q1 25 | $-69.7M | $25.2M | ||
| Q4 24 | $-96.0M | $33.2M | ||
| Q3 24 | $-37.9M | $33.1M | ||
| Q2 24 | $-10.1M | — | ||
| Q1 24 | $-251.5M | $22.3M |
自由现金流率RHWS
| Q4 25 | 9.4% | 8.6% | ||
| Q3 25 | 9.0% | -4.1% | ||
| Q2 25 | 4.2% | 1.0% | ||
| Q1 25 | -8.6% | 3.7% | ||
| Q4 24 | -11.8% | 4.5% | ||
| Q3 24 | -4.6% | 4.0% | ||
| Q2 24 | -1.4% | — | ||
| Q1 24 | -34.1% | 2.8% |
资本支出强度RHWS
| Q4 25 | 5.5% | 2.8% | ||
| Q3 25 | 6.3% | 3.4% | ||
| Q2 25 | 6.5% | 5.5% | ||
| Q1 25 | 6.3% | 4.2% | ||
| Q4 24 | 8.0% | 4.7% | ||
| Q3 24 | 5.9% | 2.6% | ||
| Q2 24 | 9.1% | — | ||
| Q1 24 | 18.6% | 2.8% |
现金转化率RHWS
| Q4 25 | 3.64× | 5.28× | ||
| Q3 25 | 2.66× | -0.17× | ||
| Q2 25 | 10.78× | 0.97× | ||
| Q1 25 | -1.35× | 3.90× | ||
| Q4 24 | -0.95× | 5.31× | ||
| Q3 24 | 0.39× | 1.92× | ||
| Q2 24 | — | — | ||
| Q1 24 | -10.01× | 0.91× |
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% |
WS
| Direct | $844.1M | 97% |
| Toll | $27.8M | 3% |
