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安朗杰（ALLE）与罗塞塔石碑（STEP）财务数据对比。点击上方公司名可切换其他公司
安朗杰的季度营收约是罗塞塔石碑的1.8倍（$1.0B vs $586.5M），安朗杰净利率更高（13.4% vs -21.0%，领先34.4%），罗塞塔石碑同比增速更快（73.0% vs 9.7%），过去两年罗塞塔石碑的营收复合增速更高（28.2% vs 3.5%）
安朗杰是全球知名的安防产品及解决方案供应商，面向全球生产销售机械与电子类安防产品，包括闭门器、出入口控制设备、锁具、电子门禁系统、考勤与人员效能管理系统、门体系统及相关配件，服务商业、公共机构、住宅等多领域终端用户
罗塞塔石碑是美国教育科技软件企业，开发语言学习、读写能力提升及脑训练类软件，旗下语言学习产品知名度极高。2013年公司收购Livemocha、Lexia Learning等品牌拓展教育科技业务矩阵，2021年正式成为IXL Learning的子公司。
ALLE vs STEP — 直观对比
营收规模更大
ALLE
是对方的1.8倍
$586.5M
营收增速更快
STEP
高出63.3%
9.7%
净利率更高
ALLE
高出34.4%
-21.0%
两年增速更快
STEP
近两年复合增速
3.5%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $586.5M |
| 净利润 | $138.1M | $-123.5M |
| 毛利率 | 44.0% | — |
| 营业利润率 | 18.9% | -33.2% |
| 净利率 | 13.4% | -21.0% |
| 营收同比 | 9.7% | 73.0% |
| 净利润同比 | -6.8% | 35.7% |
| 每股收益（稀释后） | — | $-1.55 |
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ALLESTEP
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $586.5M | ||
| Q3 25 | $1.1B | $454.2M | ||
| Q2 25 | $1.0B | $364.3M | ||
| Q1 25 | $941.9M | $377.7M | ||
| Q4 24 | $945.6M | $339.0M | ||
| Q3 24 | $967.1M | $271.7M | ||
| Q2 24 | $965.6M | $186.4M |
净利润ALLESTEP
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $-123.5M | ||
| Q3 25 | $188.4M | $-366.1M | ||
| Q2 25 | $159.7M | $-38.4M | ||
| Q1 25 | $148.2M | $-18.5M | ||
| Q4 24 | $144.1M | $-192.0M | ||
| Q3 24 | $174.2M | $17.6M | ||
| Q2 24 | $155.4M | $13.3M |
毛利率ALLESTEP
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | — | ||
| Q3 25 | 45.8% | — | ||
| Q2 25 | 45.6% | — | ||
| Q1 25 | 44.9% | — | ||
| Q4 24 | 44.1% | — | ||
| Q3 24 | 44.7% | — | ||
| Q2 24 | 44.4% | — |
营业利润率ALLESTEP
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | -33.2% | ||
| Q3 25 | 21.8% | -148.8% | ||
| Q2 25 | 21.5% | -5.6% | ||
| Q1 25 | 20.9% | 2.6% | ||
| Q4 24 | 19.5% | -101.7% | ||
| Q3 24 | 22.2% | 21.3% | ||
| Q2 24 | 21.6% | 29.4% |
净利率ALLESTEP
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | -21.0% | ||
| Q3 25 | 17.6% | -80.6% | ||
| Q2 25 | 15.6% | -10.5% | ||
| Q1 25 | 15.7% | -4.9% | ||
| Q4 24 | 15.2% | -56.6% | ||
| Q3 24 | 18.0% | 6.5% | ||
| Q2 24 | 16.1% | 7.2% |
每股收益（稀释后）ALLESTEP
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $-1.55 | ||
| Q3 25 | $2.18 | $-4.66 | ||
| Q2 25 | $1.85 | $-0.49 | ||
| Q1 25 | $1.71 | $-0.37 | ||
| Q4 24 | $1.65 | $-2.61 | ||
| Q3 24 | $1.99 | $0.26 | ||
| Q2 24 | $1.77 | $0.20 |
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 | $308.9M | — |
| 总债务越低越好 | $2.0B | $270.2M |
| 股东权益账面价值 | $2.1B | $-378.8M |
| 总资产 | $5.3B | $5.2B |
| 负债/权益比越低杠杆越低 | 0.97× | — |
8季度趋势，按日历期对齐
现金及短期投资ALLESTEP
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | — | ||
| Q3 25 | $302.7M | — | ||
| Q2 25 | $656.8M | — | ||
| Q1 25 | $494.5M | — | ||
| Q4 24 | $503.8M | — | ||
| Q3 24 | $878.9M | — | ||
| Q2 24 | $747.5M | — |
总债务ALLESTEP
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $270.2M | ||
| Q3 25 | $2.1B | $269.9M | ||
| Q2 25 | $2.1B | $269.6M | ||
| Q1 25 | $2.0B | $269.3M | ||
| Q4 24 | $2.0B | $168.9M | ||
| Q3 24 | $2.4B | $172.3M | ||
| Q2 24 | $2.4B | $172.1M |
股东权益ALLESTEP
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $-378.8M | ||
| Q3 25 | $1.9B | $-233.5M | ||
| Q2 25 | $1.8B | $153.9M | ||
| Q1 25 | $1.6B | $179.4M | ||
| Q4 24 | $1.5B | $209.8M | ||
| Q3 24 | $1.6B | $397.5M | ||
| Q2 24 | $1.4B | $366.9M |
总资产ALLESTEP
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $5.2B | ||
| Q3 25 | $5.2B | $5.3B | ||
| Q2 25 | $4.9B | $4.8B | ||
| Q1 25 | $4.6B | $4.6B | ||
| Q4 24 | $4.5B | $4.3B | ||
| Q3 24 | $5.0B | $4.0B | ||
| Q2 24 | $4.8B | $3.8B |
负债/权益比ALLESTEP
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | — | ||
| Q3 25 | 1.07× | — | ||
| Q2 25 | 1.16× | 1.75× | ||
| Q1 25 | 1.24× | 1.50× | ||
| Q4 24 | 1.33× | 0.81× | ||
| Q3 24 | 1.53× | 0.43× | ||
| Q2 24 | 1.69× | 0.47× |
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 | $101.3M | $27.2M |
| 自由现金流经营现金流 - 资本支出 | — | $26.7M |
| 自由现金流率自由现金流/营收 | — | 4.6% |
| 资本支出强度资本支出/营收 | 2.0% | 0.1% |
| 现金转化率经营现金流/净利润 | 0.73× | — |
| 过去12个月自由现金流最近4个季度 | — | $18.6M |
8季度趋势，按日历期对齐
经营现金流ALLESTEP
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $27.2M | ||
| Q3 25 | $229.5M | $16.2M | ||
| Q2 25 | $209.7M | $46.3M | ||
| Q1 25 | $104.5M | $-66.5M | ||
| Q4 24 | $219.0M | $27.6M | ||
| Q3 24 | $231.9M | $53.7M | ||
| Q2 24 | $173.0M | $50.2M |
自由现金流ALLESTEP
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $26.7M | ||
| Q3 25 | $209.8M | $15.9M | ||
| Q2 25 | $192.0M | $45.2M | ||
| Q1 25 | $83.4M | $-69.2M | ||
| Q4 24 | $194.9M | $27.0M | ||
| Q3 24 | $212.0M | $52.4M | ||
| Q2 24 | $152.1M | $49.6M |
自由现金流率ALLESTEP
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 4.6% | ||
| Q3 25 | 19.6% | 3.5% | ||
| Q2 25 | 18.8% | 12.4% | ||
| Q1 25 | 8.9% | -18.3% | ||
| Q4 24 | 20.6% | 8.0% | ||
| Q3 24 | 21.9% | 19.3% | ||
| Q2 24 | 15.8% | 26.6% |
资本支出强度ALLESTEP
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 0.1% | ||
| Q3 25 | 1.8% | 0.1% | ||
| Q2 25 | 1.7% | 0.3% | ||
| Q1 25 | 2.2% | 0.7% | ||
| Q4 24 | 2.5% | 0.2% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 2.2% | 0.3% |
现金转化率ALLESTEP
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 0.71× | — | ||
| Q4 24 | 1.52× | — | ||
| Q3 24 | 1.33× | 3.05× | ||
| Q2 24 | 1.11× | 3.76× |
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
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
