vs
百通（BDC）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
百通的季度营收约是RBC Bearings INC的1.6倍（$720.1M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 9.4%，领先5.2%），RBC Bearings INC同比增速更快（17.0% vs 8.1%），百通自由现金流更多（$121.3M vs $99.1M），过去两年百通的营收复合增速更高（15.9% vs 5.6%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs RBC — 直观对比
营收规模更大
BDC
是对方的1.6倍
$461.6M
营收增速更快
RBC
高出8.9%
8.1%
净利率更高
RBC
高出5.2%
9.4%
自由现金流更多
BDC
多$22.1M
$99.1M
两年增速更快
BDC
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $720.1M | $461.6M |
| 净利润 | $67.9M | $67.4M |
| 毛利率 | 36.6% | 44.3% |
| 营业利润率 | 12.2% | 22.3% |
| 净利率 | 9.4% | 14.6% |
| 营收同比 | 8.1% | 17.0% |
| 净利润同比 | 16.3% | 16.4% |
| 每股收益（稀释后） | $1.70 | $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BDCRBC
| Q4 25 | $720.1M | $461.6M | ||
| Q3 25 | $698.2M | $455.3M | ||
| Q2 25 | $672.0M | $436.0M | ||
| Q1 25 | $624.9M | $437.7M | ||
| Q4 24 | $666.0M | $394.4M | ||
| Q3 24 | $654.9M | $397.9M | ||
| Q2 24 | $604.3M | $406.3M | ||
| Q1 24 | $535.7M | $413.7M |
净利润BDCRBC
| Q4 25 | $67.9M | $67.4M | ||
| Q3 25 | $56.7M | $60.0M | ||
| Q2 25 | $61.0M | $68.5M | ||
| Q1 25 | $51.9M | $72.7M | ||
| Q4 24 | $58.4M | $57.9M | ||
| Q3 24 | $53.7M | $54.2M | ||
| Q2 24 | $49.0M | $61.4M | ||
| Q1 24 | $37.3M | — |
毛利率BDCRBC
| Q4 25 | 36.6% | 44.3% | ||
| Q3 25 | 37.7% | 44.1% | ||
| Q2 25 | 38.5% | 44.8% | ||
| Q1 25 | 39.3% | 44.2% | ||
| Q4 24 | 37.5% | 44.3% | ||
| Q3 24 | 37.3% | 43.7% | ||
| Q2 24 | 37.5% | 45.3% | ||
| Q1 24 | 37.6% | 43.1% |
营业利润率BDCRBC
| Q4 25 | 12.2% | 22.3% | ||
| Q3 25 | 10.9% | 21.5% | ||
| Q2 25 | 11.8% | 23.2% | ||
| Q1 25 | 11.6% | 23.0% | ||
| Q4 24 | 10.4% | 21.7% | ||
| Q3 24 | 11.5% | 21.6% | ||
| Q2 24 | 11.4% | 24.0% | ||
| Q1 24 | 9.9% | 22.8% |
净利率BDCRBC
| Q4 25 | 9.4% | 14.6% | ||
| Q3 25 | 8.1% | 13.2% | ||
| Q2 25 | 9.1% | 15.7% | ||
| Q1 25 | 8.3% | 16.6% | ||
| Q4 24 | 8.8% | 14.7% | ||
| Q3 24 | 8.2% | 13.6% | ||
| Q2 24 | 8.1% | 15.1% | ||
| Q1 24 | 7.0% | — |
每股收益（稀释后）BDCRBC
| Q4 25 | $1.70 | $2.13 | ||
| Q3 25 | $1.41 | $1.90 | ||
| Q2 25 | $1.53 | $2.17 | ||
| Q1 25 | $1.27 | $2.33 | ||
| Q4 24 | $1.41 | $1.82 | ||
| Q3 24 | $1.30 | $1.65 | ||
| Q2 24 | $1.19 | $1.90 | ||
| Q1 24 | $0.90 | $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 | $389.9M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.3B | $3.3B |
| 总资产 | $3.5B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BDCRBC
| Q4 25 | $389.9M | $107.6M | ||
| Q3 25 | $314.3M | $91.2M | ||
| Q2 25 | $301.5M | $132.9M | ||
| Q1 25 | $259.0M | $36.8M | ||
| Q4 24 | $370.3M | — | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | $76.8M | ||
| Q1 24 | $506.8M | $63.5M |
总债务BDCRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益BDCRBC
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | $1.2B | $3.2B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.2B | $2.8B | ||
| Q1 24 | $1.2B | $2.8B |
总资产BDCRBC
| Q4 25 | $3.5B | $5.1B | ||
| Q3 25 | $3.4B | $5.1B | ||
| Q2 25 | $3.4B | $4.8B | ||
| Q1 25 | $3.3B | $4.7B | ||
| Q4 24 | $3.3B | $4.7B | ||
| Q3 24 | $3.3B | $4.7B | ||
| Q2 24 | $3.5B | $4.7B | ||
| Q1 24 | $3.1B | $4.7B |
负债/权益比BDCRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| 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 | $160.4M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $121.3M | $99.1M |
| 自由现金流率自由现金流/营收 | 16.8% | 21.5% |
| 资本支出强度资本支出/营收 | 5.4% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.36× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $218.7M | — |
8季度趋势，按日历期对齐
经营现金流BDCRBC
| Q4 25 | $160.4M | $122.1M | ||
| Q3 25 | $105.0M | $88.4M | ||
| Q2 25 | $82.0M | $120.0M | ||
| Q1 25 | $7.4M | — | ||
| Q4 24 | $174.7M | $84.0M | ||
| Q3 24 | $91.7M | — | ||
| Q2 24 | $83.0M | $97.4M | ||
| Q1 24 | $2.7M | — |
自由现金流BDCRBC
| Q4 25 | $121.3M | $99.1M | ||
| Q3 25 | $65.3M | $71.7M | ||
| Q2 25 | $56.9M | $104.3M | ||
| Q1 25 | $-24.8M | — | ||
| Q4 24 | $116.4M | $73.6M | ||
| Q3 24 | $67.2M | — | ||
| Q2 24 | $61.0M | $88.4M | ||
| Q1 24 | $-21.5M | — |
自由现金流率BDCRBC
| Q4 25 | 16.8% | 21.5% | ||
| Q3 25 | 9.4% | 15.7% | ||
| Q2 25 | 8.5% | 23.9% | ||
| Q1 25 | -4.0% | — | ||
| Q4 24 | 17.5% | 18.7% | ||
| Q3 24 | 10.3% | — | ||
| Q2 24 | 10.1% | 21.8% | ||
| Q1 24 | -4.0% | — |
资本支出强度BDCRBC
| Q4 25 | 5.4% | 5.0% | ||
| Q3 25 | 5.7% | 3.7% | ||
| Q2 25 | 3.7% | 3.6% | ||
| Q1 25 | 5.2% | 3.2% | ||
| Q4 24 | 8.8% | 2.6% | ||
| Q3 24 | 3.7% | 4.1% | ||
| Q2 24 | 3.6% | 2.2% | ||
| Q1 24 | 4.5% | — |
现金转化率BDCRBC
| Q4 25 | 2.36× | 1.81× | ||
| Q3 25 | 1.85× | 1.47× | ||
| Q2 25 | 1.34× | 1.75× | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 2.99× | 1.45× | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | 1.59× | ||
| Q1 24 | 0.07× | — |
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
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
