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ADT Inc.（ADT）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是ADT Inc.的1.1倍（$1.4B vs $1.3B），瑞思迈净利率更高（27.6% vs 11.4%，领先16.2%），瑞思迈同比增速更快（11.0% vs 2.9%），过去两年瑞思迈的营收复合增速更高（7.9% vs 2.7%）
ADT Inc.是美国头部安防企业，总部位于佛罗里达州博卡拉顿，业务覆盖美国与加拿大，为住宅、小型商户提供电子安防、消防防护及相关报警监控服务。公司2016年被阿波罗全球管理以69亿美元杠杆收购，2018年1月于纽约证券交易所上市。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
ADT vs RMD — 直观对比
营收规模更大
RMD
是对方的1.1倍
$1.3B
营收增速更快
RMD
高出8.1%
2.9%
净利率更高
RMD
高出16.2%
11.4%
两年增速更快
RMD
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.4B |
| 净利润 | $145.4M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 26.1% | 34.6% |
| 净利率 | 11.4% | 27.6% |
| 营收同比 | 2.9% | 11.0% |
| 净利润同比 | -23.5% | 13.9% |
| 每股收益（稀释后） | — | $2.68 |
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ADTRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.3B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.2B | $1.3B | ||
| Q3 24 | $1.2B | $1.2B | ||
| Q2 24 | $1.2B | $1.2B |
净利润ADTRMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | $145.4M | $392.6M | ||
| Q3 25 | $145.1M | $348.5M | ||
| Q2 25 | $165.2M | $379.7M | ||
| Q1 25 | $140.2M | $365.0M | ||
| Q4 24 | $190.0M | $344.6M | ||
| Q3 24 | $127.2M | $311.4M | ||
| Q2 24 | $92.4M | $292.2M |
毛利率ADTRMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% |
营业利润率ADTRMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | 26.1% | 34.6% | ||
| Q3 25 | 24.3% | 33.4% | ||
| Q2 25 | 26.6% | 33.7% | ||
| Q1 25 | 25.2% | 33.0% | ||
| Q4 24 | 32.4% | 32.5% | ||
| Q3 24 | 26.2% | 31.6% | ||
| Q2 24 | 23.6% | 31.2% |
净利率ADTRMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | 11.4% | 27.6% | ||
| Q3 25 | 11.2% | 26.1% | ||
| Q2 25 | 12.8% | 28.2% | ||
| Q1 25 | 11.1% | 28.3% | ||
| Q4 24 | 15.3% | 26.9% | ||
| Q3 24 | 10.2% | 25.4% | ||
| Q2 24 | 7.7% | 23.9% |
每股收益（稀释后）ADTRMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | — | $2.68 | ||
| Q3 25 | — | $2.37 | ||
| Q2 25 | — | $2.58 | ||
| Q1 25 | — | $2.48 | ||
| Q4 24 | — | $2.34 | ||
| Q3 24 | — | $2.11 | ||
| Q2 24 | — | $1.97 |
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 | $80.8M | $1.4B |
| 总债务越低越好 | $7.4B | $663.8M |
| 股东权益账面价值 | $3.8B | $6.3B |
| 总资产 | $15.8B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.95× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资ADTRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $80.8M | $1.4B | ||
| Q3 25 | $62.8M | $1.4B | ||
| Q2 25 | $45.2M | $1.2B | ||
| Q1 25 | $3.7M | $932.7M | ||
| Q4 24 | $96.2M | $521.9M | ||
| Q3 24 | $95.3M | $426.4M | ||
| Q2 24 | $37.9M | $238.4M |
总债务ADTRMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | $7.4B | $403.9M | ||
| Q3 25 | $7.3B | $408.7M | ||
| Q2 25 | $6.8B | $658.4M | ||
| Q1 25 | $7.6B | $663.1M | ||
| Q4 24 | $7.5B | $662.9M | ||
| Q3 24 | $7.5B | $667.6M | ||
| Q2 24 | $7.5B | $697.3M |
股东权益ADTRMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | $3.8B | $6.3B | ||
| Q3 25 | $3.7B | $6.1B | ||
| Q2 25 | $3.7B | $6.0B | ||
| Q1 25 | $3.6B | $5.5B | ||
| Q4 24 | $3.8B | $5.3B | ||
| Q3 24 | $3.9B | $5.2B | ||
| Q2 24 | $3.8B | $4.9B |
总资产ADTRMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | $15.8B | $8.5B | ||
| Q3 25 | $16.0B | $8.3B | ||
| Q2 25 | $16.0B | $8.2B | ||
| Q1 25 | $15.8B | $7.6B | ||
| Q4 24 | $16.1B | $7.1B | ||
| Q3 24 | $16.1B | $7.2B | ||
| Q2 24 | $16.0B | $6.9B |
负债/权益比ADTRMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | 1.95× | 0.06× | ||
| Q3 25 | 1.99× | 0.07× | ||
| Q2 25 | 1.84× | 0.11× | ||
| Q1 25 | 2.10× | 0.12× | ||
| Q4 24 | 1.98× | 0.13× | ||
| Q3 24 | 1.93× | 0.13× | ||
| Q2 24 | 1.98× | 0.14× |
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 | $373.6M | — |
| 自由现金流经营现金流 - 资本支出 | $323.5M | — |
| 自由现金流率自由现金流/营收 | 25.4% | — |
| 资本支出强度资本支出/营收 | 3.9% | — |
| 现金转化率经营现金流/净利润 | 2.57× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | — |
8季度趋势，按日历期对齐
经营现金流ADTRMD
| Q2 26 | — | — | ||
| Q4 25 | $373.6M | $339.7M | ||
| Q3 25 | $480.1M | $457.3M | ||
| Q2 25 | $563.9M | $538.8M | ||
| Q1 25 | $466.6M | $578.7M | ||
| Q4 24 | $459.7M | $308.6M | ||
| Q3 24 | $498.2M | $325.5M | ||
| Q2 24 | $563.2M | $440.1M |
自由现金流ADTRMD
| Q2 26 | — | — | ||
| Q4 25 | $323.5M | $311.2M | ||
| Q3 25 | $437.4M | $414.4M | ||
| Q2 25 | $526.3M | $508.2M | ||
| Q1 25 | $421.2M | $557.9M | ||
| Q4 24 | $426.0M | $288.0M | ||
| Q3 24 | $455.5M | $307.7M | ||
| Q2 24 | $516.5M | $415.2M |
自由现金流率ADTRMD
| Q2 26 | — | — | ||
| Q4 25 | 25.4% | 21.9% | ||
| Q3 25 | 33.7% | 31.0% | ||
| Q2 25 | 40.9% | 37.7% | ||
| Q1 25 | 33.2% | 43.2% | ||
| Q4 24 | 34.3% | 22.5% | ||
| Q3 24 | 36.6% | 25.1% | ||
| Q2 24 | 42.9% | 33.9% |
资本支出强度ADTRMD
| Q2 26 | — | — | ||
| Q4 25 | 3.9% | 2.0% | ||
| Q3 25 | 3.3% | 3.2% | ||
| Q2 25 | 2.9% | 2.3% | ||
| Q1 25 | 3.6% | 1.6% | ||
| Q4 24 | 2.7% | 1.6% | ||
| Q3 24 | 3.4% | 1.5% | ||
| Q2 24 | 3.9% | 2.0% |
现金转化率ADTRMD
| Q2 26 | — | — | ||
| Q4 25 | 2.57× | 0.87× | ||
| Q3 25 | 3.31× | 1.31× | ||
| Q2 25 | 3.41× | 1.42× | ||
| Q1 25 | 3.33× | 1.59× | ||
| Q4 24 | 2.42× | 0.90× | ||
| Q3 24 | 3.92× | 1.05× | ||
| Q2 24 | 6.10× | 1.51× |
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
ADT
| Recurring Monthly Revenue | $1.0B | 82% |
| Installation Revenue | $103.0M | 8% |
| Other | $89.9M | 7% |
| Other Related Services | $36.0M | 3% |
RMD
暂无分部数据
