vs
Bandwidth Inc.（BAND）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
Bandwidth Inc.的季度营收约是REPLIGEN CORP的1.1倍（$208.8M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs 1.9%，领先4.8%），Bandwidth Inc.同比增速更快（20.1% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $-1.0M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs 9.7%）
Bandwidth Inc.是一家通信平台即服务提供商，依托自有全球IP语音网络，为客户提供语音、短信及应急服务相关的软件API产品，帮助开发者便捷集成通信功能，全球客户可借助其方案快速搭建符合需求的通信服务体系。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
BAND vs RGEN — 直观对比
营收规模更大
BAND
是对方的1.1倍
$197.9M
营收增速更快
BAND
高出6.5%
13.6%
净利率更高
RGEN
高出4.8%
1.9%
自由现金流更多
RGEN
多$18.6M
$-1.0M
两年增速更快
RGEN
近两年复合增速
9.7%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $208.8M | $197.9M |
| 净利润 | $4.0M | $13.3M |
| 毛利率 | 37.3% | 52.5% |
| 营业利润率 | 60.5% | 9.0% |
| 净利率 | 1.9% | 6.7% |
| 营收同比 | 20.1% | 13.6% |
| 净利润同比 | 200.0% | 143.9% |
| 每股收益（稀释后） | $-0.08 | $0.24 |
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BANDRGEN
| Q1 26 | $208.8M | — | ||
| Q4 25 | $207.7M | $197.9M | ||
| Q3 25 | $191.9M | $188.8M | ||
| Q2 25 | $180.0M | $182.4M | ||
| Q1 25 | $174.2M | $169.2M | ||
| Q4 24 | $210.0M | $174.1M | ||
| Q3 24 | $193.9M | $154.9M | ||
| Q2 24 | $173.6M | $154.1M |
净利润BANDRGEN
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $13.3M | ||
| Q3 25 | $-1.2M | $14.9M | ||
| Q2 25 | $-4.9M | $14.9M | ||
| Q1 25 | $-3.7M | $5.8M | ||
| Q4 24 | — | $-30.3M | ||
| Q3 24 | $413.0K | $-654.0K | ||
| Q2 24 | $4.1M | $3.3M |
毛利率BANDRGEN
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 52.5% | ||
| Q3 25 | 38.5% | 53.2% | ||
| Q2 25 | 39.8% | 50.0% | ||
| Q1 25 | 41.0% | 53.6% | ||
| Q4 24 | 36.4% | 26.1% | ||
| Q3 24 | 37.7% | 50.0% | ||
| Q2 24 | 37.3% | 49.8% |
营业利润率BANDRGEN
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 9.0% | ||
| Q3 25 | -1.0% | 8.9% | ||
| Q2 25 | -2.1% | 7.6% | ||
| Q1 25 | -2.7% | 3.9% | ||
| Q4 24 | -1.3% | -17.7% | ||
| Q3 24 | -0.5% | -5.1% | ||
| Q2 24 | -3.5% | 1.0% |
净利率BANDRGEN
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 6.7% | ||
| Q3 25 | -0.6% | 7.9% | ||
| Q2 25 | -2.7% | 8.2% | ||
| Q1 25 | -2.1% | 3.4% | ||
| Q4 24 | — | -17.4% | ||
| Q3 24 | 0.2% | -0.4% | ||
| Q2 24 | 2.3% | 2.2% |
每股收益（稀释后）BANDRGEN
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.24 | ||
| Q3 25 | $-0.04 | $0.26 | ||
| Q2 25 | $-0.16 | $0.26 | ||
| Q1 25 | $-0.13 | $0.10 | ||
| Q4 24 | $0.27 | $-0.55 | ||
| Q3 24 | $0.01 | $-0.01 | ||
| Q2 24 | $-0.17 | $0.06 |
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 | $47.3M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $405.7M | $2.1B |
| 总资产 | $984.2M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资BANDRGEN
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $767.6M | ||
| Q3 25 | $80.4M | $748.7M | ||
| Q2 25 | $68.1M | $708.9M | ||
| Q1 25 | $41.7M | $697.2M | ||
| Q4 24 | $83.8M | $757.4M | ||
| Q3 24 | $79.9M | $784.0M | ||
| Q2 24 | $76.4M | $809.1M |
总债务BANDRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BANDRGEN
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $2.1B | ||
| Q3 25 | $392.7M | $2.1B | ||
| Q2 25 | $384.5M | $2.1B | ||
| Q1 25 | $345.4M | $2.0B | ||
| Q4 24 | $312.5M | $2.0B | ||
| Q3 24 | $336.6M | $2.0B | ||
| Q2 24 | $307.4M | $2.0B |
总资产BANDRGEN
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $1.0B | $2.9B | ||
| Q1 25 | $964.4M | $2.9B | ||
| Q4 24 | $989.2M | $2.8B | ||
| Q3 24 | $1.0B | $2.8B | ||
| Q2 24 | $1.0B | $2.9B |
负债/权益比BANDRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-1.0M | $17.6M |
| 自由现金流率自由现金流/营收 | -0.5% | 8.9% |
| 资本支出强度资本支出/营收 | — | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $93.9M |
8季度趋势，按日历期对齐
经营现金流BANDRGEN
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $25.7M | ||
| Q3 25 | $22.2M | $48.1M | ||
| Q2 25 | $31.7M | $28.6M | ||
| Q1 25 | $-3.1M | $15.0M | ||
| Q4 24 | $36.5M | $39.2M | ||
| Q3 24 | $20.5M | $49.3M | ||
| Q2 24 | $24.4M | $42.2M |
自由现金流BANDRGEN
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $17.6M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | — | $21.5M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $33.6M | ||
| Q3 24 | — | $42.3M | ||
| Q2 24 | — | $37.4M |
自由现金流率BANDRGEN
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 8.9% | ||
| Q3 25 | — | 23.0% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 19.3% | ||
| Q3 24 | — | 27.3% | ||
| Q2 24 | — | 24.3% |
资本支出强度BANDRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 2.5% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 3.1% |
现金转化率BANDRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | 12.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
