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BEL FUSE INC（BELFA）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是BEL FUSE INC的1.1倍（$197.9M vs $178.5M），BEL FUSE INC净利率更高（8.4% vs 6.7%，领先1.7%），BEL FUSE INC同比增速更快（17.2% vs 13.6%），过去两年BEL FUSE INC的营收复合增速更高（15.8% vs 14.4%）
Bel Fuse Inc.是一家全球化电子元器件制造商，主营互连解决方案、磁元件及电路保护产品，服务汽车、数据通信、航空航天、工业、消费电子等领域的原始设备制造商和合同制造商，业务覆盖北美、欧洲、亚洲多地。
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。
BELFA vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.1倍
$178.5M
营收增速更快
BELFA
高出3.6%
13.6%
净利率更高
BELFA
高出1.7%
6.7%
两年增速更快
BELFA
近两年复合增速
14.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $178.5M | $197.9M |
| 净利润 | $15.0M | $13.3M |
| 毛利率 | 39.0% | 52.5% |
| 营业利润率 | 13.3% | 9.0% |
| 净利率 | 8.4% | 6.7% |
| 营收同比 | 17.2% | 13.6% |
| 净利润同比 | -18.2% | 143.9% |
| 每股收益（稀释后） | — | $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BELFARGEN
| Q1 26 | $178.5M | — | ||
| Q4 25 | $175.9M | $197.9M | ||
| Q3 25 | $179.0M | $188.8M | ||
| Q2 25 | $168.3M | $182.4M | ||
| Q1 25 | $152.2M | $169.2M | ||
| Q4 24 | $149.9M | $174.1M | ||
| Q3 24 | $123.6M | $154.9M | ||
| Q2 24 | $133.2M | $154.1M |
净利润BELFARGEN
| Q1 26 | $15.0M | — | ||
| Q4 25 | $6.4M | $13.3M | ||
| Q3 25 | $22.6M | $14.9M | ||
| Q2 25 | $26.8M | $14.9M | ||
| Q1 25 | $17.9M | $5.8M | ||
| Q4 24 | $6.4M | $-30.3M | ||
| Q3 24 | $8.1M | $-654.0K | ||
| Q2 24 | $18.8M | $3.3M |
毛利率BELFARGEN
| Q1 26 | 39.0% | — | ||
| Q4 25 | 39.4% | 52.5% | ||
| Q3 25 | 39.7% | 53.2% | ||
| Q2 25 | 38.7% | 50.0% | ||
| Q1 25 | 38.6% | 53.6% | ||
| Q4 24 | 37.5% | 26.1% | ||
| Q3 24 | 36.1% | 50.0% | ||
| Q2 24 | 40.1% | 49.8% |
营业利润率BELFARGEN
| Q1 26 | 13.3% | — | ||
| Q4 25 | 14.7% | 9.0% | ||
| Q3 25 | 16.9% | 8.9% | ||
| Q2 25 | 17.7% | 7.6% | ||
| Q1 25 | 16.4% | 3.9% | ||
| Q4 24 | 8.3% | -17.7% | ||
| Q3 24 | 9.3% | -5.1% | ||
| Q2 24 | 17.0% | 1.0% |
净利率BELFARGEN
| Q1 26 | 8.4% | — | ||
| Q4 25 | 3.7% | 6.7% | ||
| Q3 25 | 12.6% | 7.9% | ||
| Q2 25 | 15.9% | 8.2% | ||
| Q1 25 | 11.7% | 3.4% | ||
| Q4 24 | 4.3% | -17.4% | ||
| Q3 24 | 6.5% | -0.4% | ||
| Q2 24 | 14.1% | 2.2% |
每股收益（稀释后）BELFARGEN
| Q1 26 | — | — | ||
| Q4 25 | — | $0.24 | ||
| Q3 25 | — | $0.26 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.10 | ||
| Q4 24 | — | $-0.55 | ||
| Q3 24 | — | $-0.01 | ||
| Q2 24 | — | $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 | $59.4M | $767.6M |
| 总债务越低越好 | $204.5M | $542.2M |
| 股东权益账面价值 | $438.9M | $2.1B |
| 总资产 | $951.9M | $2.9B |
| 负债/权益比越低杠杆越低 | 0.47× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资BELFARGEN
| Q1 26 | $59.4M | — | ||
| Q4 25 | $57.8M | $767.6M | ||
| Q3 25 | $57.7M | $748.7M | ||
| Q2 25 | $59.3M | $708.9M | ||
| Q1 25 | $65.9M | $697.2M | ||
| Q4 24 | $68.3M | $757.4M | ||
| Q3 24 | $134.3M | $784.0M | ||
| Q2 24 | $85.0M | $809.1M |
总债务BELFARGEN
| Q1 26 | $204.5M | — | ||
| Q4 25 | $197.5M | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $287.5M | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益BELFARGEN
| Q1 26 | $438.9M | — | ||
| Q4 25 | $425.5M | $2.1B | ||
| Q3 25 | $427.8M | $2.1B | ||
| Q2 25 | $404.7M | $2.1B | ||
| Q1 25 | $376.9M | $2.0B | ||
| Q4 24 | $360.6M | $2.0B | ||
| Q3 24 | $367.4M | $2.0B | ||
| Q2 24 | $356.4M | $2.0B |
总资产BELFARGEN
| Q1 26 | $951.9M | — | ||
| Q4 25 | $935.2M | $2.9B | ||
| Q3 25 | $952.8M | $2.9B | ||
| Q2 25 | $950.6M | $2.9B | ||
| Q1 25 | $940.5M | $2.9B | ||
| Q4 24 | $949.8M | $2.8B | ||
| Q3 24 | $584.4M | $2.8B | ||
| Q2 24 | $567.6M | $2.9B |
负债/权益比BELFARGEN
| Q1 26 | 0.47× | — | ||
| Q4 25 | 0.46× | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.80× | 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 | $13.8M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | — | $17.6M |
| 自由现金流率自由现金流/营收 | — | 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 | 0.92× | 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BELFARGEN
| Q1 26 | $13.8M | — | ||
| Q4 25 | $29.6M | $25.7M | ||
| Q3 25 | $22.2M | $48.1M | ||
| Q2 25 | $20.7M | $28.6M | ||
| Q1 25 | $8.1M | $15.0M | ||
| Q4 24 | $8.3M | $39.2M | ||
| Q3 24 | $27.4M | $49.3M | ||
| Q2 24 | $32.2M | $42.2M |
自由现金流BELFARGEN
| Q1 26 | — | — | ||
| Q4 25 | $26.1M | $17.6M | ||
| Q3 25 | $20.3M | $43.4M | ||
| Q2 25 | $16.8M | $21.5M | ||
| Q1 25 | $5.4M | $11.4M | ||
| Q4 24 | $2.1M | $33.6M | ||
| Q3 24 | $23.7M | $42.3M | ||
| Q2 24 | $30.8M | $37.4M |
自由现金流率BELFARGEN
| Q1 26 | — | — | ||
| Q4 25 | 14.9% | 8.9% | ||
| Q3 25 | 11.4% | 23.0% | ||
| Q2 25 | 10.0% | 11.8% | ||
| Q1 25 | 3.5% | 6.8% | ||
| Q4 24 | 1.4% | 19.3% | ||
| Q3 24 | 19.2% | 27.3% | ||
| Q2 24 | 23.2% | 24.3% |
资本支出强度BELFARGEN
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 4.1% | ||
| Q3 25 | 1.0% | 2.5% | ||
| Q2 25 | 2.3% | 3.9% | ||
| Q1 25 | 1.8% | 2.1% | ||
| Q4 24 | 4.1% | 3.2% | ||
| Q3 24 | 2.9% | 4.5% | ||
| Q2 24 | 1.0% | 3.1% |
现金转化率BELFARGEN
| Q1 26 | 0.92× | — | ||
| Q4 25 | 4.59× | 1.93× | ||
| Q3 25 | 0.98× | 3.23× | ||
| Q2 25 | 0.77× | 1.92× | ||
| Q1 25 | 0.46× | 2.57× | ||
| Q4 24 | 1.30× | — | ||
| Q3 24 | 3.39× | — | ||
| Q2 24 | 1.71× | 12.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
