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黑莓（BB）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
STURM RUGER & CO INC的季度营收约是黑莓的1.1倍（$151.1M vs $141.8M），STURM RUGER & CO INC同比增速更快（3.6% vs -0.8%），黑莓自由现金流更多（$17.4M vs $12.3M），过去两年黑莓的营收复合增速更高（17.8% vs 5.1%）
黑莓有限公司（前身为动态研究公司，简称RIM）是加拿大专注于安全通信与物联网领域的软件企业，成立于1984年。早年曾推出黑莓品牌双向寻呼机、智能手机及平板电脑产品，后续转型提供软件与服务，拥有多项核心软件应用专利。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
BB vs RGR — 直观对比
营收规模更大
RGR
是对方的1.1倍
$141.8M
营收增速更快
RGR
高出4.5%
-0.8%
自由现金流更多
BB
多$5.1M
$12.3M
两年增速更快
BB
近两年复合增速
5.1%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $141.8M | $151.1M |
| 净利润 | $13.7M | — |
| 毛利率 | 77.5% | 17.8% |
| 营业利润率 | 8.4% | 2.3% |
| 净利率 | 9.7% | — |
| 营收同比 | -0.8% | 3.6% |
| 净利润同比 | 224.5% | — |
| 每股收益（稀释后） | $0.02 | $0.22 |
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BBRGR
| Q4 25 | $141.8M | $151.1M | ||
| Q3 25 | $129.6M | $126.8M | ||
| Q2 25 | $121.7M | $132.5M | ||
| Q1 25 | $141.7M | $135.7M | ||
| Q4 24 | $143.6M | $145.8M | ||
| Q3 24 | $126.2M | $122.3M | ||
| Q2 24 | $123.4M | $130.8M | ||
| Q1 24 | $102.1M | $136.8M |
净利润BBRGR
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.3M | $1.6M | ||
| Q2 25 | $1.9M | $-17.2M | ||
| Q1 25 | $-7.4M | $7.8M | ||
| Q4 24 | $-10.5M | — | ||
| Q3 24 | $-19.7M | $4.7M | ||
| Q2 24 | $-41.4M | $8.3M | ||
| Q1 24 | $-56.2M | $7.1M |
毛利率BBRGR
| Q4 25 | 77.5% | 17.8% | ||
| Q3 25 | 74.5% | 15.1% | ||
| Q2 25 | 74.2% | 3.9% | ||
| Q1 25 | 73.5% | 22.0% | ||
| Q4 24 | 78.1% | 22.8% | ||
| Q3 24 | 70.2% | 18.5% | ||
| Q2 24 | 72.9% | 22.3% | ||
| Q1 24 | — | 21.5% |
营业利润率BBRGR
| Q4 25 | 8.4% | 2.3% | ||
| Q3 25 | 8.9% | -2.7% | ||
| Q2 25 | 1.6% | -15.6% | ||
| Q1 25 | -5.6% | 6.2% | ||
| Q4 24 | 13.6% | 7.8% | ||
| Q3 24 | 1.7% | 3.1% | ||
| Q2 24 | -10.5% | 6.9% | ||
| Q1 24 | 50.0% | 5.5% |
净利率BBRGR
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.3% | 1.2% | ||
| Q2 25 | 1.6% | -13.0% | ||
| Q1 25 | -5.2% | 5.7% | ||
| Q4 24 | -7.3% | — | ||
| Q3 24 | -15.6% | 3.9% | ||
| Q2 24 | -33.5% | 6.3% | ||
| Q1 24 | -55.0% | 5.2% |
每股收益（稀释后）BBRGR
| Q4 25 | $0.02 | $0.22 | ||
| Q3 25 | $0.02 | $0.10 | ||
| Q2 25 | $0.00 | $-1.05 | ||
| Q1 25 | $-0.01 | $0.46 | ||
| Q4 24 | $-0.02 | $0.62 | ||
| Q3 24 | $-0.03 | $0.28 | ||
| Q2 24 | $-0.07 | $0.47 | ||
| Q1 24 | $-0.08 | $0.40 |
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 | $304.2M | $92.5M |
| 总债务越低越好 | $196.2M | — |
| 股东权益账面价值 | $741.1M | $283.8M |
| 总资产 | $1.2B | $342.0M |
| 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BBRGR
| Q4 25 | $304.2M | $92.5M | ||
| Q3 25 | $290.5M | $80.8M | ||
| Q2 25 | $306.6M | $101.4M | ||
| Q1 25 | $337.8M | $108.3M | ||
| Q4 24 | $220.0M | $105.5M | ||
| Q3 24 | $211.0M | $96.0M | ||
| Q2 24 | $229.0M | $105.6M | ||
| Q1 24 | $237.1M | $115.3M |
总债务BBRGR
| Q4 25 | $196.2M | — | ||
| Q3 25 | $195.9M | — | ||
| Q2 25 | $195.6M | — | ||
| Q1 25 | $195.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
股东权益BBRGR
| Q4 25 | $741.1M | $283.8M | ||
| Q3 25 | $725.1M | $279.6M | ||
| Q2 25 | $725.1M | $289.3M | ||
| Q1 25 | $719.9M | $321.5M | ||
| Q4 24 | $725.2M | $319.6M | ||
| Q3 24 | $732.1M | $314.9M | ||
| Q2 24 | $742.6M | $321.5M | ||
| Q1 24 | $775.1M | $332.0M |
总资产BBRGR
| Q4 25 | $1.2B | $342.0M | ||
| Q3 25 | $1.2B | $342.3M | ||
| Q2 25 | $1.2B | $349.5M | ||
| Q1 25 | $1.3B | $379.0M | ||
| Q4 24 | $1.3B | $384.0M | ||
| Q3 24 | $1.3B | $373.5M | ||
| Q2 24 | $1.3B | $376.7M | ||
| Q1 24 | $1.4B | $385.0M |
负债/权益比BBRGR
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
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 | $18.3M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $17.4M | $12.3M |
| 自由现金流率自由现金流/营收 | 12.3% | 8.2% |
| 资本支出强度资本支出/营收 | 0.6% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.34× | — |
| 过去12个月自由现金流最近4个季度 | $42.8M | $38.5M |
8季度趋势，按日历期对齐
经营现金流BBRGR
| Q4 25 | $18.3M | $15.5M | ||
| Q3 25 | $3.9M | $12.9M | ||
| Q2 25 | $-18.0M | $14.7M | ||
| Q1 25 | $41.6M | $11.1M | ||
| Q4 24 | $6.0M | $20.0M | ||
| Q3 24 | $-16.0M | $9.4M | ||
| Q2 24 | $-15.1M | $18.7M | ||
| Q1 24 | $-15.5M | $7.3M |
自由现金流BBRGR
| Q4 25 | $17.4M | $12.3M | ||
| Q3 25 | $3.1M | $7.0M | ||
| Q2 25 | $-18.9M | $9.1M | ||
| Q1 25 | $41.2M | $10.0M | ||
| Q4 24 | $5.2M | $16.4M | ||
| Q3 24 | $-16.5M | $2.6M | ||
| Q2 24 | $-16.5M | $10.1M | ||
| Q1 24 | $-17.6M | $5.6M |
自由现金流率BBRGR
| Q4 25 | 12.3% | 8.2% | ||
| Q3 25 | 2.4% | 5.5% | ||
| Q2 25 | -15.5% | 6.9% | ||
| Q1 25 | 29.1% | 7.4% | ||
| Q4 24 | 3.6% | 11.2% | ||
| Q3 24 | -13.1% | 2.1% | ||
| Q2 24 | -13.4% | 7.7% | ||
| Q1 24 | -17.2% | 4.1% |
资本支出强度BBRGR
| Q4 25 | 0.6% | 2.1% | ||
| Q3 25 | 0.6% | 4.6% | ||
| Q2 25 | 0.7% | 4.2% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 0.6% | 2.5% | ||
| Q3 24 | 0.4% | 5.5% | ||
| Q2 24 | 1.1% | 6.6% | ||
| Q1 24 | 2.1% | 1.3% |
现金转化率BBRGR
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | 8.15× | ||
| Q2 25 | -9.47× | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
