vs
Andersons, Inc.（ANDE）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
RBC Bearings INC的季度营收约是Andersons, Inc.的1.4倍（$461.6M vs $329.5M），Andersons, Inc.净利率更高（20.5% vs 14.6%，领先5.9%），RBC Bearings INC同比增速更快（17.0% vs -2.4%），RBC Bearings INC自由现金流更多（$99.1M vs $-77.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -1.8%）
安德森公司（The Andersons, Inc.）是1947年成立的美国农业企业，总部位于俄亥俄州莫米。公司起源于1940年代服务粮食行业的安德森货运站，是深耕农业领域的多元化企业，业务覆盖大宗商品贸易、可再生能源以及植物营养板块。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
ANDE vs RBC — 直观对比
营收规模更大
RBC
是对方的1.4倍
$329.5M
营收增速更快
RBC
高出19.4%
-2.4%
净利率更高
ANDE
高出5.9%
14.6%
自由现金流更多
RBC
多$176.2M
$-77.1M
两年增速更快
RBC
近两年复合增速
-1.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $329.5M | $461.6M |
| 净利润 | $67.4M | $67.4M |
| 毛利率 | 70.3% | 44.3% |
| 营业利润率 | 26.6% | 22.3% |
| 净利率 | 20.5% | 14.6% |
| 营收同比 | -2.4% | 17.0% |
| 净利润同比 | 49.6% | 16.4% |
| 每股收益（稀释后） | — | $2.13 |
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ANDERBC
| Q4 25 | $329.5M | $461.6M | ||
| Q3 25 | $295.8M | $455.3M | ||
| Q2 25 | $535.0M | $436.0M | ||
| Q1 25 | $370.8M | $437.7M | ||
| Q4 24 | $337.5M | $394.4M | ||
| Q3 24 | $231.9M | $397.9M | ||
| Q2 24 | $492.5M | $406.3M | ||
| Q1 24 | $341.4M | $413.7M |
净利润ANDERBC
| Q4 25 | $67.4M | $67.4M | ||
| Q3 25 | $20.1M | $60.0M | ||
| Q2 25 | $7.9M | $68.5M | ||
| Q1 25 | $284.0K | $72.7M | ||
| Q4 24 | $45.1M | $57.9M | ||
| Q3 24 | $27.4M | $54.2M | ||
| Q2 24 | $36.0M | $61.4M | ||
| Q1 24 | $5.6M | — |
毛利率ANDERBC
| Q4 25 | 70.3% | 44.3% | ||
| Q3 25 | 57.8% | 44.1% | ||
| Q2 25 | 29.6% | 44.8% | ||
| Q1 25 | 41.2% | 44.2% | ||
| Q4 24 | 63.1% | 44.3% | ||
| Q3 24 | 76.4% | 43.7% | ||
| Q2 24 | 35.6% | 45.3% | ||
| Q1 24 | 37.6% | 43.1% |
营业利润率ANDERBC
| Q4 25 | 26.6% | 22.3% | ||
| Q3 25 | 8.7% | 21.5% | ||
| Q2 25 | 4.6% | 23.2% | ||
| Q1 25 | 0.9% | 23.0% | ||
| Q4 24 | 19.9% | 21.7% | ||
| Q3 24 | 26.8% | 21.6% | ||
| Q2 24 | 11.6% | 24.0% | ||
| Q1 24 | 4.1% | 22.8% |
净利率ANDERBC
| Q4 25 | 20.5% | 14.6% | ||
| Q3 25 | 6.8% | 13.2% | ||
| Q2 25 | 1.5% | 15.7% | ||
| Q1 25 | 0.1% | 16.6% | ||
| Q4 24 | 13.4% | 14.7% | ||
| Q3 24 | 11.8% | 13.6% | ||
| Q2 24 | 7.3% | 15.1% | ||
| Q1 24 | 1.6% | — |
每股收益（稀释后）ANDERBC
| Q4 25 | — | $2.13 | ||
| Q3 25 | $0.59 | $1.90 | ||
| Q2 25 | $0.23 | $2.17 | ||
| Q1 25 | $0.01 | $2.33 | ||
| Q4 24 | $1.31 | $1.82 | ||
| Q3 24 | $0.80 | $1.65 | ||
| Q2 24 | $1.05 | $1.90 | ||
| Q1 24 | $0.16 | $1.92 |
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 | $98.3M | $107.6M |
| 总债务越低越好 | $560.0M | $990.2M |
| 股东权益账面价值 | $1.2B | $3.3B |
| 总资产 | $3.7B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ANDERBC
| Q4 25 | $98.3M | $107.6M | ||
| Q3 25 | — | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | $561.8M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务ANDERBC
| Q4 25 | $560.0M | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $608.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益ANDERBC
| Q4 25 | $1.2B | $3.3B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.3B | $2.8B |
总资产ANDERBC
| Q4 25 | $3.7B | $5.1B | ||
| Q3 25 | $3.3B | $5.1B | ||
| Q2 25 | $3.4B | $4.8B | ||
| Q1 25 | $3.8B | $4.7B | ||
| Q4 24 | $4.1B | $4.7B | ||
| Q3 24 | $3.4B | $4.7B | ||
| Q2 24 | $3.3B | $4.7B | ||
| Q1 24 | $3.3B | $4.7B |
负债/权益比ANDERBC
| Q4 25 | 0.45× | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $-6.2M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-77.1M | $99.1M |
| 自由现金流率自由现金流/营收 | -23.4% | 21.5% |
| 资本支出强度资本支出/营收 | 21.5% | 5.0% |
| 现金转化率经营现金流/净利润 | -0.09× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-56.1M | — |
8季度趋势，按日历期对齐
经营现金流ANDERBC
| Q4 25 | $-6.2M | $122.1M | ||
| Q3 25 | $233.9M | $88.4M | ||
| Q2 25 | $299.3M | $120.0M | ||
| Q1 25 | $-350.0M | — | ||
| Q4 24 | $268.8M | $84.0M | ||
| Q3 24 | $-2.1M | — | ||
| Q2 24 | $304.4M | $97.4M | ||
| Q1 24 | $-239.6M | — |
自由现金流ANDERBC
| Q4 25 | $-77.1M | $99.1M | ||
| Q3 25 | $167.0M | $71.7M | ||
| Q2 25 | $250.5M | $104.3M | ||
| Q1 25 | $-396.6M | — | ||
| Q4 24 | $212.9M | $73.6M | ||
| Q3 24 | $-40.0M | — | ||
| Q2 24 | $275.8M | $88.4M | ||
| Q1 24 | $-266.4M | — |
自由现金流率ANDERBC
| Q4 25 | -23.4% | 21.5% | ||
| Q3 25 | 56.5% | 15.7% | ||
| Q2 25 | 46.8% | 23.9% | ||
| Q1 25 | -106.9% | — | ||
| Q4 24 | 63.1% | 18.7% | ||
| Q3 24 | -17.2% | — | ||
| Q2 24 | 56.0% | 21.8% | ||
| Q1 24 | -78.0% | — |
资本支出强度ANDERBC
| Q4 25 | 21.5% | 5.0% | ||
| Q3 25 | 22.6% | 3.7% | ||
| Q2 25 | 9.1% | 3.6% | ||
| Q1 25 | 12.6% | 3.2% | ||
| Q4 24 | 16.6% | 2.6% | ||
| Q3 24 | 16.3% | 4.1% | ||
| Q2 24 | 5.8% | 2.2% | ||
| Q1 24 | 7.8% | — |
现金转化率ANDERBC
| Q4 25 | -0.09× | 1.81× | ||
| Q3 25 | 11.61× | 1.47× | ||
| Q2 25 | 38.10× | 1.75× | ||
| Q1 25 | -1232.46× | — | ||
| Q4 24 | 5.96× | 1.45× | ||
| Q3 24 | -0.08× | — | ||
| Q2 24 | 8.46× | 1.59× | ||
| Q1 24 | -42.94× | — |
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
ANDE
| Specialty And Primary Nutrients | $137.1M | 42% |
| Premium Ingredients | $66.1M | 20% |
| Segment Reporting Reconciling Item Other | $63.2M | 19% |
| Other | $63.1M | 19% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
