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BRUNSWICK CORP（BC）与Reddit, Inc.（RDDT）财务数据对比。点击上方公司名可切换其他公司
BRUNSWICK CORP的季度营收约是Reddit, Inc.的1.8倍（$1.3B vs $725.6M），Reddit, Inc.净利率更高（34.7% vs 1.4%，领先33.3%），Reddit, Inc.同比增速更快（69.7% vs 15.5%），Reddit, Inc.自由现金流更多（$263.6M vs $83.6M），过去两年Reddit, Inc.的营收复合增速更高（72.8% vs -1.1%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
BC vs RDDT — 直观对比
营收规模更大
BC
是对方的1.8倍
$725.6M
营收增速更快
RDDT
高出54.2%
15.5%
净利率更高
RDDT
高出33.3%
1.4%
自由现金流更多
RDDT
多$180.0M
$83.6M
两年增速更快
RDDT
近两年复合增速
-1.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $725.6M |
| 净利润 | $18.7M | $251.6M |
| 毛利率 | 23.1% | 91.9% |
| 营业利润率 | 3.1% | 31.9% |
| 净利率 | 1.4% | 34.7% |
| 营收同比 | 15.5% | 69.7% |
| 净利润同比 | 122.7% | 254.2% |
| 每股收益（稀释后） | $0.32 | $1.24 |
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BCRDDT
| Q4 25 | $1.3B | $725.6M | ||
| Q3 25 | $1.4B | $584.9M | ||
| Q2 25 | $1.4B | $499.6M | ||
| Q1 25 | $1.2B | $392.4M | ||
| Q4 24 | $1.2B | $427.7M | ||
| Q3 24 | $1.3B | $348.4M | ||
| Q2 24 | $1.4B | $281.2M | ||
| Q1 24 | $1.4B | $243.0M |
净利润BCRDDT
| Q4 25 | $18.7M | $251.6M | ||
| Q3 25 | $-235.5M | $162.7M | ||
| Q2 25 | $59.3M | $89.3M | ||
| Q1 25 | $20.2M | $26.2M | ||
| Q4 24 | $-82.5M | $71.0M | ||
| Q3 24 | $44.6M | $29.9M | ||
| Q2 24 | $100.0M | $-10.1M | ||
| Q1 24 | $68.0M | $-575.1M |
毛利率BCRDDT
| Q4 25 | 23.1% | 91.9% | ||
| Q3 25 | 25.8% | 91.0% | ||
| Q2 25 | 25.5% | 90.8% | ||
| Q1 25 | 24.9% | 90.5% | ||
| Q4 24 | 21.9% | 92.6% | ||
| Q3 24 | 26.2% | 90.1% | ||
| Q2 24 | 27.1% | 89.5% | ||
| Q1 24 | 27.4% | 88.6% |
营业利润率BCRDDT
| Q4 25 | 3.1% | 31.9% | ||
| Q3 25 | -17.8% | 23.7% | ||
| Q2 25 | 7.1% | 13.6% | ||
| Q1 25 | 4.6% | 1.0% | ||
| Q4 24 | -4.8% | 12.4% | ||
| Q3 24 | 7.7% | 2.0% | ||
| Q2 24 | 11.0% | -11.0% | ||
| Q1 24 | 8.1% | -242.5% |
净利率BCRDDT
| Q4 25 | 1.4% | 34.7% | ||
| Q3 25 | -17.3% | 27.8% | ||
| Q2 25 | 4.1% | 17.9% | ||
| Q1 25 | 1.7% | 6.7% | ||
| Q4 24 | -7.1% | 16.6% | ||
| Q3 24 | 3.5% | 8.6% | ||
| Q2 24 | 6.9% | -3.6% | ||
| Q1 24 | 5.0% | -236.7% |
每股收益（稀释后）BCRDDT
| Q4 25 | $0.32 | $1.24 | ||
| Q3 25 | $-3.59 | $0.80 | ||
| Q2 25 | $0.89 | $0.45 | ||
| Q1 25 | $0.30 | $0.13 | ||
| Q4 24 | $-1.21 | $4.76 | ||
| Q3 24 | $0.67 | $0.16 | ||
| Q2 24 | $1.48 | $-0.06 | ||
| Q1 24 | $0.99 | $-8.19 |
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 | $256.8M | $953.6M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $1.6B | $2.9B |
| 总资产 | $5.3B | $3.2B |
| 负债/权益比越低杠杆越低 | 1.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BCRDDT
| Q4 25 | $256.8M | $953.6M | ||
| Q3 25 | $297.7M | $911.7M | ||
| Q2 25 | $315.7M | $734.1M | ||
| Q1 25 | $286.7M | $635.7M | ||
| Q4 24 | $269.0M | $562.1M | ||
| Q3 24 | $284.1M | $515.9M | ||
| Q2 24 | $494.5M | $468.0M | ||
| Q1 24 | $548.4M | $968.5M |
总债务BCRDDT
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BCRDDT
| Q4 25 | $1.6B | $2.9B | ||
| Q3 25 | $1.6B | $2.6B | ||
| Q2 25 | $1.9B | $2.4B | ||
| Q1 25 | $1.9B | $2.2B | ||
| Q4 24 | $1.9B | $2.1B | ||
| Q3 24 | $2.0B | $2.0B | ||
| Q2 24 | $2.0B | $1.9B | ||
| Q1 24 | $2.0B | $1.8B |
总资产BCRDDT
| Q4 25 | $5.3B | $3.2B | ||
| Q3 25 | $5.4B | $2.9B | ||
| Q2 25 | $5.8B | $2.6B | ||
| Q1 25 | $5.9B | $2.4B | ||
| Q4 24 | $5.7B | $2.3B | ||
| Q3 24 | $6.0B | $2.2B | ||
| Q2 24 | $6.4B | $2.1B | ||
| Q1 24 | $6.5B | $2.0B |
负债/权益比BCRDDT
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $132.9M | $266.8M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $263.6M |
| 自由现金流率自由现金流/营收 | 6.3% | 36.3% |
| 资本支出强度资本支出/营收 | 3.7% | 0.4% |
| 现金转化率经营现金流/净利润 | 7.11× | 1.06× |
| 过去12个月自由现金流最近4个季度 | $396.3M | $684.2M |
8季度趋势，按日历期对齐
经营现金流BCRDDT
| Q4 25 | $132.9M | $266.8M | ||
| Q3 25 | $140.4M | $185.2M | ||
| Q2 25 | $316.2M | $111.3M | ||
| Q1 25 | $-27.4M | $127.6M | ||
| Q4 24 | $306.4M | $90.0M | ||
| Q3 24 | $67.4M | $71.6M | ||
| Q2 24 | $211.0M | $28.4M | ||
| Q1 24 | $-153.4M | $32.1M |
自由现金流BCRDDT
| Q4 25 | $83.6M | $263.6M | ||
| Q3 25 | $106.5M | $183.1M | ||
| Q2 25 | $271.3M | $110.8M | ||
| Q1 25 | $-65.1M | $126.6M | ||
| Q4 24 | $276.1M | $89.2M | ||
| Q3 24 | $31.4M | $70.3M | ||
| Q2 24 | $163.9M | $27.2M | ||
| Q1 24 | $-207.4M | $29.2M |
自由现金流率BCRDDT
| Q4 25 | 6.3% | 36.3% | ||
| Q3 25 | 7.8% | 31.3% | ||
| Q2 25 | 18.7% | 22.2% | ||
| Q1 25 | -5.3% | 32.3% | ||
| Q4 24 | 23.9% | 20.8% | ||
| Q3 24 | 2.5% | 20.2% | ||
| Q2 24 | 11.4% | 9.7% | ||
| Q1 24 | -15.2% | 12.0% |
资本支出强度BCRDDT
| Q4 25 | 3.7% | 0.4% | ||
| Q3 25 | 2.5% | 0.4% | ||
| Q2 25 | 3.1% | 0.1% | ||
| Q1 25 | 3.1% | 0.2% | ||
| Q4 24 | 2.6% | 0.2% | ||
| Q3 24 | 2.8% | 0.4% | ||
| Q2 24 | 3.3% | 0.4% | ||
| Q1 24 | 4.0% | 1.2% |
现金转化率BCRDDT
| Q4 25 | 7.11× | 1.06× | ||
| Q3 25 | — | 1.14× | ||
| Q2 25 | 5.33× | 1.25× | ||
| Q1 25 | -1.36× | 4.88× | ||
| Q4 24 | — | 1.27× | ||
| Q3 24 | 1.51× | 2.40× | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | -2.26× | — |
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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
RDDT
| Advertising | $689.7M | 95% |
| Other Revenue | $35.9M | 5% |
