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ADT Inc.（ADT）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是ADT Inc.的1.5倍（$1.9B vs $1.3B），ADT Inc.净利率更高（11.4% vs 8.4%，领先3.0%），RPM INTERNATIONAL INC同比增速更快（3.5% vs 2.9%），ADT Inc.自由现金流更多（$323.5M vs $296.4M），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% 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。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
ADT vs RPM — 直观对比
营收规模更大
RPM
是对方的1.5倍
$1.3B
营收增速更快
RPM
高出0.6%
2.9%
净利率更高
ADT
高出3.0%
8.4%
自由现金流更多
ADT
多$27.2M
$296.4M
两年增速更快
RPM
近两年复合增速
2.7%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.9B |
| 净利润 | $145.4M | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 26.1% | 11.0% |
| 净利率 | 11.4% | 8.4% |
| 营收同比 | 2.9% | 3.5% |
| 净利润同比 | -23.5% | -12.0% |
| 每股收益（稀释后） | — | $1.26 |
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ADTRPM
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.3B | $2.1B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | $1.5B | ||
| Q4 24 | $1.2B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.2B | $2.0B | ||
| Q1 24 | $1.2B | $1.5B |
净利润ADTRPM
| Q4 25 | $145.4M | $161.2M | ||
| Q3 25 | $145.1M | $227.6M | ||
| Q2 25 | $165.2M | $225.8M | ||
| Q1 25 | $140.2M | $52.0M | ||
| Q4 24 | $190.0M | $183.2M | ||
| Q3 24 | $127.2M | $227.7M | ||
| Q2 24 | $92.4M | $180.6M | ||
| Q1 24 | $91.6M | $61.2M |
毛利率ADTRPM
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 39.9% |
营业利润率ADTRPM
| Q4 25 | 26.1% | 11.0% | ||
| Q3 25 | 24.3% | 14.1% | ||
| Q2 25 | 26.6% | 11.9% | ||
| Q1 25 | 25.2% | 2.8% | ||
| Q4 24 | 32.4% | 11.5% | ||
| Q3 24 | 26.2% | 14.8% | ||
| Q2 24 | 23.6% | 11.9% | ||
| Q1 24 | 16.2% | 5.5% |
净利率ADTRPM
| Q4 25 | 11.4% | 8.4% | ||
| Q3 25 | 11.2% | 10.8% | ||
| Q2 25 | 12.8% | 10.8% | ||
| Q1 25 | 11.1% | 3.5% | ||
| Q4 24 | 15.3% | 9.9% | ||
| Q3 24 | 10.2% | 11.6% | ||
| Q2 24 | 7.7% | 9.0% | ||
| Q1 24 | 7.6% | 4.0% |
每股收益（稀释后）ADTRPM
| Q4 25 | — | $1.26 | ||
| Q3 25 | — | $1.77 | ||
| Q2 25 | — | $1.76 | ||
| Q1 25 | — | $0.40 | ||
| Q4 24 | — | $1.42 | ||
| Q3 24 | — | $1.77 | ||
| Q2 24 | — | $1.40 | ||
| Q1 24 | — | $0.47 |
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 | $316.6M |
| 总债务越低越好 | $7.4B | $2.5B |
| 股东权益账面价值 | $3.8B | $3.1B |
| 总资产 | $15.8B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.95× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资ADTRPM
| Q4 25 | $80.8M | $316.6M | ||
| Q3 25 | $62.8M | $297.1M | ||
| Q2 25 | $45.2M | $302.1M | ||
| Q1 25 | $3.7M | $241.9M | ||
| Q4 24 | $96.2M | $268.7M | ||
| Q3 24 | $95.3M | $231.6M | ||
| Q2 24 | $37.9M | $237.4M | ||
| Q1 24 | $4.0M | $248.9M |
总债务ADTRPM
| Q4 25 | $7.4B | $2.5B | ||
| Q3 25 | $7.3B | $2.7B | ||
| Q2 25 | $6.8B | $2.6B | ||
| Q1 25 | $7.6B | $2.1B | ||
| Q4 24 | $7.5B | $2.0B | ||
| Q3 24 | $7.5B | $2.0B | ||
| Q2 24 | $7.5B | $2.0B | ||
| Q1 24 | $7.6B | $2.2B |
股东权益ADTRPM
| Q4 25 | $3.8B | $3.1B | ||
| Q3 25 | $3.7B | $3.1B | ||
| Q2 25 | $3.7B | $2.9B | ||
| Q1 25 | $3.6B | $2.7B | ||
| Q4 24 | $3.8B | $2.7B | ||
| Q3 24 | $3.9B | $2.6B | ||
| Q2 24 | $3.8B | $2.5B | ||
| Q1 24 | $3.7B | $2.3B |
总资产ADTRPM
| Q4 25 | $15.8B | $7.9B | ||
| Q3 25 | $16.0B | $7.9B | ||
| Q2 25 | $16.0B | $7.8B | ||
| Q1 25 | $15.8B | $6.6B | ||
| Q4 24 | $16.1B | $6.7B | ||
| Q3 24 | $16.1B | $6.6B | ||
| Q2 24 | $16.0B | $6.6B | ||
| Q1 24 | $15.9B | $6.4B |
负债/权益比ADTRPM
| Q4 25 | 1.95× | 0.80× | ||
| Q3 25 | 1.99× | 0.87× | ||
| Q2 25 | 1.84× | 0.91× | ||
| Q1 25 | 2.10× | 0.78× | ||
| Q4 24 | 1.98× | 0.74× | ||
| Q3 24 | 1.93× | 0.77× | ||
| Q2 24 | 1.98× | 0.79× | ||
| Q1 24 | 2.03× | 0.93× |
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 | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $323.5M | $296.4M |
| 自由现金流率自由现金流/营收 | 25.4% | 15.5% |
| 资本支出强度资本支出/营收 | 3.9% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.57× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $582.9M |
8季度趋势，按日历期对齐
经营现金流ADTRPM
| Q4 25 | $373.6M | $345.7M | ||
| Q3 25 | $480.1M | $237.5M | ||
| Q2 25 | $563.9M | $149.2M | ||
| Q1 25 | $466.6M | $91.5M | ||
| Q4 24 | $459.7M | $279.4M | ||
| Q3 24 | $498.2M | $248.1M | ||
| Q2 24 | $563.2M | $181.2M | ||
| Q1 24 | $363.8M | $173.4M |
自由现金流ADTRPM
| Q4 25 | $323.5M | $296.4M | ||
| Q3 25 | $437.4M | $175.0M | ||
| Q2 25 | $526.3M | $78.2M | ||
| Q1 25 | $421.2M | $33.3M | ||
| Q4 24 | $426.0M | $229.5M | ||
| Q3 24 | $455.5M | $197.3M | ||
| Q2 24 | $516.5M | $105.3M | ||
| Q1 24 | $323.1M | $124.6M |
自由现金流率ADTRPM
| Q4 25 | 25.4% | 15.5% | ||
| Q3 25 | 33.7% | 8.3% | ||
| Q2 25 | 40.9% | 3.8% | ||
| Q1 25 | 33.2% | 2.3% | ||
| Q4 24 | 34.3% | 12.4% | ||
| Q3 24 | 36.6% | 10.0% | ||
| Q2 24 | 42.9% | 5.2% | ||
| Q1 24 | 26.7% | 8.2% |
资本支出强度ADTRPM
| Q4 25 | 3.9% | 2.6% | ||
| Q3 25 | 3.3% | 3.0% | ||
| Q2 25 | 2.9% | 3.4% | ||
| Q1 25 | 3.6% | 3.9% | ||
| Q4 24 | 2.7% | 2.7% | ||
| Q3 24 | 3.4% | 2.6% | ||
| Q2 24 | 3.9% | 3.8% | ||
| Q1 24 | 3.4% | 3.2% |
现金转化率ADTRPM
| Q4 25 | 2.57× | 2.14× | ||
| Q3 25 | 3.31× | 1.04× | ||
| Q2 25 | 3.41× | 0.66× | ||
| Q1 25 | 3.33× | 1.76× | ||
| Q4 24 | 2.42× | 1.53× | ||
| Q3 24 | 3.92× | 1.09× | ||
| Q2 24 | 6.10× | 1.00× | ||
| Q1 24 | 3.97× | 2.83× |
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% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
