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BRIGHT HORIZONS FAMILY SOLUTIONS INC.（BFAM）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是BRIGHT HORIZONS FAMILY SOLUTIONS INC.的1.9倍（$1.4B vs $733.7M），瑞思迈同比增速更快（11.0% vs 8.8%），过去两年BRIGHT HORIZONS FAMILY SOLUTIONS INC.的营收复合增速更高（8.5% vs 7.9%）
Bright Horizons Family Solutions总部位于美国马萨诸塞州牛顿市，是美国规模最大的雇主赞助育儿服务运营商，除核心育儿服务外，还提供备用育儿、老人照护、学费项目管理、教育咨询、学生贷款偿还方案等多元服务，覆盖企业员工福利及教育支持领域。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
BFAM vs RMD — 直观对比
营收规模更大
RMD
是对方的1.9倍
$733.7M
营收增速更快
RMD
高出2.1%
8.8%
两年增速更快
BFAM
近两年复合增速
7.9%
损益表 — Q4 FY2025 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $733.7M | $1.4B |
| 净利润 | — | $392.6M |
| 毛利率 | 19.3% | 61.8% |
| 营业利润率 | 6.2% | 34.6% |
| 净利率 | — | 27.6% |
| 营收同比 | 8.8% | 11.0% |
| 净利润同比 | — | 13.9% |
| 每股收益（稀释后） | $0.38 | $2.68 |
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BFAMRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $733.7M | $1.4B | ||
| Q3 25 | $802.8M | $1.3B | ||
| Q2 25 | $731.6M | $1.3B | ||
| Q1 25 | $665.5M | $1.3B | ||
| Q4 24 | $674.1M | $1.3B | ||
| Q3 24 | $719.1M | $1.2B | ||
| Q2 24 | $670.1M | $1.2B |
净利润BFAMRMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | — | $392.6M | ||
| Q3 25 | $78.6M | $348.5M | ||
| Q2 25 | $54.8M | $379.7M | ||
| Q1 25 | $38.0M | $365.0M | ||
| Q4 24 | — | $344.6M | ||
| Q3 24 | $54.9M | $311.4M | ||
| Q2 24 | $39.2M | $292.2M |
毛利率BFAMRMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | 19.3% | 61.8% | ||
| Q3 25 | 27.0% | 61.5% | ||
| Q2 25 | 25.0% | 60.8% | ||
| Q1 25 | 23.4% | 59.3% | ||
| Q4 24 | 20.8% | 58.6% | ||
| Q3 24 | 25.2% | 58.6% | ||
| Q2 24 | 24.2% | 58.5% |
营业利润率BFAMRMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | 6.2% | 34.6% | ||
| Q3 25 | 15.1% | 33.4% | ||
| Q2 25 | 11.8% | 33.7% | ||
| Q1 25 | 9.4% | 33.0% | ||
| Q4 24 | 7.2% | 32.5% | ||
| Q3 24 | 12.4% | 31.6% | ||
| Q2 24 | 10.3% | 31.2% |
净利率BFAMRMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | — | 27.6% | ||
| Q3 25 | 9.8% | 26.1% | ||
| Q2 25 | 7.5% | 28.2% | ||
| Q1 25 | 5.7% | 28.3% | ||
| Q4 24 | — | 26.9% | ||
| Q3 24 | 7.6% | 25.4% | ||
| Q2 24 | 5.8% | 23.9% |
每股收益（稀释后）BFAMRMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | $0.38 | $2.68 | ||
| Q3 25 | $1.37 | $2.37 | ||
| Q2 25 | $0.95 | $2.58 | ||
| Q1 25 | $0.66 | $2.48 | ||
| Q4 24 | $0.50 | $2.34 | ||
| Q3 24 | $0.94 | $2.11 | ||
| Q2 24 | $0.67 | $1.97 |
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 | $140.1M | $1.4B |
| 总债务越低越好 | $747.6M | $663.8M |
| 股东权益账面价值 | $1.3B | $6.3B |
| 总资产 | $3.9B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.56× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资BFAMRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $140.1M | $1.4B | ||
| Q3 25 | $116.6M | $1.4B | ||
| Q2 25 | $179.2M | $1.2B | ||
| Q1 25 | $112.0M | $932.7M | ||
| Q4 24 | $110.3M | $521.9M | ||
| Q3 24 | $109.9M | $426.4M | ||
| Q2 24 | $140.2M | $238.4M |
总债务BFAMRMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | $747.6M | $403.9M | ||
| Q3 25 | $747.5M | $408.7M | ||
| Q2 25 | $797.0M | $658.4M | ||
| Q1 25 | $872.7M | $663.1M | ||
| Q4 24 | $918.4M | $662.9M | ||
| Q3 24 | $925.7M | $667.6M | ||
| Q2 24 | $931.9M | $697.3M |
股东权益BFAMRMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | $1.3B | $6.3B | ||
| Q3 25 | $1.4B | $6.1B | ||
| Q2 25 | $1.4B | $6.0B | ||
| Q1 25 | $1.3B | $5.5B | ||
| Q4 24 | $1.3B | $5.3B | ||
| Q3 24 | $1.4B | $5.2B | ||
| Q2 24 | $1.3B | $4.9B |
总资产BFAMRMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | $3.9B | $8.5B | ||
| Q3 25 | $3.9B | $8.3B | ||
| Q2 25 | $3.9B | $8.2B | ||
| Q1 25 | $3.8B | $7.6B | ||
| Q4 24 | $3.9B | $7.1B | ||
| Q3 24 | $3.9B | $7.2B | ||
| Q2 24 | $3.8B | $6.9B |
负债/权益比BFAMRMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | 0.56× | 0.06× | ||
| Q3 25 | 0.52× | 0.07× | ||
| Q2 25 | 0.57× | 0.11× | ||
| Q1 25 | 0.66× | 0.12× | ||
| Q4 24 | 0.72× | 0.13× | ||
| Q3 24 | 0.66× | 0.13× | ||
| Q2 24 | 0.73× | 0.14× |
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 | $350.7M | — |
| 自由现金流经营现金流 - 资本支出 | $258.5M | — |
| 自由现金流率自由现金流/营收 | 35.2% | — |
| 资本支出强度资本支出/营收 | 12.6% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $402.4M | — |
8季度趋势，按日历期对齐
经营现金流BFAMRMD
| Q2 26 | — | — | ||
| Q4 25 | $350.7M | $339.7M | ||
| Q3 25 | $-17.6M | $457.3M | ||
| Q2 25 | $134.2M | $538.8M | ||
| Q1 25 | $86.2M | $578.7M | ||
| Q4 24 | $337.5M | $308.6M | ||
| Q3 24 | $-8.9M | $325.5M | ||
| Q2 24 | $109.4M | $440.1M |
自由现金流BFAMRMD
| Q2 26 | — | — | ||
| Q4 25 | $258.5M | $311.2M | ||
| Q3 25 | $-42.4M | $414.4M | ||
| Q2 25 | $115.4M | $508.2M | ||
| Q1 25 | $70.9M | $557.9M | ||
| Q4 24 | $240.2M | $288.0M | ||
| Q3 24 | $-32.2M | $307.7M | ||
| Q2 24 | $86.8M | $415.2M |
自由现金流率BFAMRMD
| Q2 26 | — | — | ||
| Q4 25 | 35.2% | 21.9% | ||
| Q3 25 | -5.3% | 31.0% | ||
| Q2 25 | 15.8% | 37.7% | ||
| Q1 25 | 10.7% | 43.2% | ||
| Q4 24 | 35.6% | 22.5% | ||
| Q3 24 | -4.5% | 25.1% | ||
| Q2 24 | 13.0% | 33.9% |
资本支出强度BFAMRMD
| Q2 26 | — | — | ||
| Q4 25 | 12.6% | 2.0% | ||
| Q3 25 | 3.1% | 3.2% | ||
| Q2 25 | 2.6% | 2.3% | ||
| Q1 25 | 2.3% | 1.6% | ||
| Q4 24 | 14.4% | 1.6% | ||
| Q3 24 | 3.2% | 1.5% | ||
| Q2 24 | 3.4% | 2.0% |
现金转化率BFAMRMD
| Q2 26 | — | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | -0.22× | 1.31× | ||
| Q2 25 | 2.45× | 1.42× | ||
| Q1 25 | 2.26× | 1.59× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | -0.16× | 1.05× | ||
| Q2 24 | 2.79× | 1.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
