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AlTi Global, Inc.（ALTI）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
AlTi Global, Inc.的季度营收约是REGIS CORP的1.5倍（$86.6M vs $57.1M），REGIS CORP净利率更高（0.8% vs -15.1%，领先15.9%），AlTi Global, Inc.同比增速更快（87.0% vs 22.3%），REGIS CORP自由现金流更多（$891.0K vs $-52.2M），过去两年AlTi Global, Inc.的营收复合增速更高（30.6% vs 7.8%）
该公司原名Cristal Global，是全球第二大二氧化钛生产商，同时也是钛化学品的龙头供应商，由原国家二氧化钛有限公司与 Millennium Chemicals 合并组建而成，总部设于沙特阿拉伯吉达。该公司是全球第五大二氧化钛原料生产商Bemax的重要股东。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
ALTI vs RGS — 直观对比
营收规模更大
ALTI
是对方的1.5倍
$57.1M
营收增速更快
ALTI
高出64.8%
22.3%
净利率更高
RGS
高出15.9%
-15.1%
自由现金流更多
RGS
多$53.1M
$-52.2M
两年增速更快
ALTI
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $86.6M | $57.1M |
| 净利润 | $-13.1M | $456.0K |
| 毛利率 | — | — |
| 营业利润率 | -2.1% | 10.8% |
| 净利率 | -15.1% | 0.8% |
| 营收同比 | 87.0% | 22.3% |
| 净利润同比 | 75.6% | -94.0% |
| 每股收益（稀释后） | — | $0.16 |
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ALTIRGS
| Q4 25 | $86.6M | $57.1M | ||
| Q3 25 | $57.2M | $59.0M | ||
| Q2 25 | $53.1M | $60.4M | ||
| Q1 25 | $58.0M | $57.0M | ||
| Q4 24 | $46.3M | $46.7M | ||
| Q3 24 | $51.8M | $46.1M | ||
| Q2 24 | $49.5M | $49.4M | ||
| Q1 24 | $50.8M | $49.2M |
净利润ALTIRGS
| Q4 25 | $-13.1M | $456.0K | ||
| Q3 25 | $-84.1M | $1.4M | ||
| Q2 25 | $-24.4M | $116.5M | ||
| Q1 25 | $1.9M | $250.0K | ||
| Q4 24 | $-53.8M | $7.6M | ||
| Q3 24 | $-72.5M | $-853.0K | ||
| Q2 24 | $-6.4M | $91.2M | ||
| Q1 24 | $29.7M | $-2.3M |
营业利润率ALTIRGS
| Q4 25 | -2.1% | 10.8% | ||
| Q3 25 | -49.8% | 10.0% | ||
| Q2 25 | -56.7% | 12.1% | ||
| Q1 25 | -23.3% | 8.8% | ||
| Q4 24 | -42.7% | 11.8% | ||
| Q3 24 | -18.4% | 4.6% | ||
| Q2 24 | -30.2% | — | ||
| Q1 24 | -28.9% | 8.3% |
净利率ALTIRGS
| Q4 25 | -15.1% | 0.8% | ||
| Q3 25 | -147.0% | 2.3% | ||
| Q2 25 | -45.9% | 192.9% | ||
| Q1 25 | 3.3% | 0.4% | ||
| Q4 24 | -116.1% | 16.4% | ||
| Q3 24 | -140.0% | -1.9% | ||
| Q2 24 | -12.9% | 184.7% | ||
| Q1 24 | 58.4% | -4.7% |
每股收益（稀释后）ALTIRGS
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | $-0.33 | $43.67 | ||
| Q1 25 | $-0.04 | $0.08 | ||
| Q4 24 | $-0.71 | $2.71 | ||
| Q3 24 | $-0.88 | $-0.36 | ||
| Q2 24 | $-0.18 | $38.40 | ||
| Q1 24 | $0.18 | $-1.00 |
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 | $41.2M | $18.4M |
| 总债务越低越好 | $883.0K | $113.3M |
| 股东权益账面价值 | $600.1M | $188.7M |
| 总资产 | $1.2B | $588.3M |
| 负债/权益比越低杠杆越低 | 0.00× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资ALTIRGS
| Q4 25 | $41.2M | $18.4M | ||
| Q3 25 | $35.8M | $16.6M | ||
| Q2 25 | $42.4M | $17.0M | ||
| Q1 25 | $52.8M | $13.3M | ||
| Q4 24 | $64.4M | $10.2M | ||
| Q3 24 | $220.6M | $6.3M | ||
| Q2 24 | $60.0M | $10.1M | ||
| Q1 24 | $134.2M | $5.9M |
总债务ALTIRGS
| Q4 25 | $883.0K | $113.3M | ||
| Q3 25 | $586.0K | $111.3M | ||
| Q2 25 | $673.0K | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | $0 | $111.5M | ||
| Q3 24 | $128.4M | $95.2M | ||
| Q2 24 | $164.0M | $99.5M | ||
| Q1 24 | $183.7M | $179.7M |
股东权益ALTIRGS
| Q4 25 | $600.1M | $188.7M | ||
| Q3 25 | $607.2M | $187.6M | ||
| Q2 25 | $685.4M | $185.6M | ||
| Q1 25 | $665.2M | $68.6M | ||
| Q4 24 | $658.4M | $66.7M | ||
| Q3 24 | $707.0M | $56.4M | ||
| Q2 24 | $540.2M | $56.8M | ||
| Q1 24 | $510.9M | $-35.8M |
总资产ALTIRGS
| Q4 25 | $1.2B | $588.3M | ||
| Q3 25 | $1.2B | $592.1M | ||
| Q2 25 | $1.2B | $599.0M | ||
| Q1 25 | $1.2B | $511.2M | ||
| Q4 24 | $1.3B | $530.1M | ||
| Q3 24 | $1.4B | $508.9M | ||
| Q2 24 | $1.3B | $530.5M | ||
| Q1 24 | $1.3B | $543.7M |
负债/权益比ALTIRGS
| Q4 25 | 0.00× | 0.60× | ||
| Q3 25 | 0.00× | 0.59× | ||
| Q2 25 | 0.00× | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | 0.00× | 1.67× | ||
| Q3 24 | 0.18× | 1.69× | ||
| Q2 24 | 0.30× | 1.75× | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-52.2M | $891.0K |
| 自由现金流率自由现金流/营收 | -60.3% | 1.6% |
| 资本支出强度资本支出/营收 | 0.9% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | — | $14.9M |
8季度趋势，按日历期对齐
经营现金流ALTIRGS
| Q4 25 | $-51.4M | $1.7M | ||
| Q3 25 | $-53.5M | $2.3M | ||
| Q2 25 | $-19.9M | $6.8M | ||
| Q1 25 | $-30.2M | $6.2M | ||
| Q4 24 | $-50.7M | $2.1M | ||
| Q3 24 | $-4.9M | $-1.3M | ||
| Q2 24 | $-30.2M | $5.1M | ||
| Q1 24 | $-15.5M | $-277.0K |
自由现金流ALTIRGS
| Q4 25 | $-52.2M | $891.0K | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | $-20.0M | $6.2M | ||
| Q1 25 | $-31.0M | $5.9M | ||
| Q4 24 | $-58.2M | $1.7M | ||
| Q3 24 | $-9.4M | $-1.4M | ||
| Q2 24 | $-31.2M | $5.1M | ||
| Q1 24 | $-15.7M | $-326.0K |
自由现金流率ALTIRGS
| Q4 25 | -60.3% | 1.6% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | -37.6% | 10.3% | ||
| Q1 25 | -53.4% | 10.3% | ||
| Q4 24 | -125.7% | 3.6% | ||
| Q3 24 | -18.2% | -3.0% | ||
| Q2 24 | -63.2% | 10.3% | ||
| Q1 24 | -30.9% | -0.7% |
资本支出强度ALTIRGS
| Q4 25 | 0.9% | 1.4% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.9% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 16.3% | 0.9% | ||
| Q3 24 | 8.7% | 0.0% | ||
| Q2 24 | 2.2% | 0.0% | ||
| Q1 24 | 0.4% | 0.1% |
现金转化率ALTIRGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | -15.80× | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | -0.52× | — |
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
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
