vs
BGC Group, Inc.（BGC）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
BGC Group, Inc.的季度营收约是RBC Bearings INC的1.4倍（$638.6M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 2.3%，领先12.4%），BGC Group, Inc.同比增速更快（34.4% vs 17.0%），BGC Group, Inc.自由现金流更多（$175.1M vs $99.1M），过去两年BGC Group, Inc.的营收复合增速更高（18.7% vs 5.6%）
BGC集团是一家总部位于纽约和伦敦的美国全球性金融服务企业，最初隶属于康托·菲茨杰拉德集团，2004年正式独立运营，业务范围覆盖全球金融市场相关服务领域。
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。
BGC vs RBC — 直观对比
营收规模更大
BGC
是对方的1.4倍
$461.6M
营收增速更快
BGC
高出17.4%
17.0%
净利率更高
RBC
高出12.4%
2.3%
自由现金流更多
BGC
多$76.0M
$99.1M
两年增速更快
BGC
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $638.6M | $461.6M |
| 净利润 | $14.4M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 3.9% | 22.3% |
| 净利率 | 2.3% | 14.6% |
| 营收同比 | 34.4% | 17.0% |
| 净利润同比 | -43.0% | 16.4% |
| 每股收益（稀释后） | $0.03 | $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BGCRBC
| Q4 25 | $638.6M | $461.6M | ||
| Q3 25 | $620.8M | $455.3M | ||
| Q2 25 | $648.0M | $436.0M | ||
| Q1 25 | $534.6M | $437.7M | ||
| Q4 24 | $475.2M | $394.4M | ||
| Q3 24 | $448.9M | $397.9M | ||
| Q2 24 | $435.0M | $406.3M | ||
| Q1 24 | $453.6M | $413.7M |
净利润BGCRBC
| Q4 25 | $14.4M | $67.4M | ||
| Q3 25 | $27.9M | $60.0M | ||
| Q2 25 | $57.5M | $68.5M | ||
| Q1 25 | $55.2M | $72.7M | ||
| Q4 24 | $25.2M | $57.9M | ||
| Q3 24 | $14.7M | $54.2M | ||
| Q2 24 | $37.8M | $61.4M | ||
| Q1 24 | $49.2M | — |
毛利率BGCRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率BGCRBC
| Q4 25 | 3.9% | 22.3% | ||
| Q3 25 | 5.4% | 21.5% | ||
| Q2 25 | 11.6% | 23.2% | ||
| Q1 25 | 15.0% | 23.0% | ||
| Q4 24 | 5.7% | 21.7% | ||
| Q3 24 | 4.4% | 21.6% | ||
| Q2 24 | 12.7% | 24.0% | ||
| Q1 24 | 15.7% | 22.8% |
净利率BGCRBC
| Q4 25 | 2.3% | 14.6% | ||
| Q3 25 | 4.5% | 13.2% | ||
| Q2 25 | 8.9% | 15.7% | ||
| Q1 25 | 10.3% | 16.6% | ||
| Q4 24 | 5.3% | 14.7% | ||
| Q3 24 | 3.3% | 13.6% | ||
| Q2 24 | 8.7% | 15.1% | ||
| Q1 24 | 10.8% | — |
每股收益（稀释后）BGCRBC
| Q4 25 | $0.03 | $2.13 | ||
| Q3 25 | $0.06 | $1.90 | ||
| Q2 25 | $0.11 | $2.17 | ||
| Q1 25 | $0.11 | $2.33 | ||
| Q4 24 | $0.04 | $1.82 | ||
| Q3 24 | $0.03 | $1.65 | ||
| Q2 24 | $0.08 | $1.90 | ||
| Q1 24 | $0.10 | $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 | $851.5M | $107.6M |
| 总债务越低越好 | $1.5B | $990.2M |
| 股东权益账面价值 | $972.5M | $3.3B |
| 总资产 | $4.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.58× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BGCRBC
| Q4 25 | $851.5M | $107.6M | ||
| Q3 25 | $774.9M | $91.2M | ||
| Q2 25 | $827.8M | $132.9M | ||
| Q1 25 | $966.4M | $36.8M | ||
| Q4 24 | $711.6M | — | ||
| Q3 24 | $563.5M | — | ||
| Q2 24 | $571.7M | $76.8M | ||
| Q1 24 | $566.8M | $63.5M |
总债务BGCRBC
| Q4 25 | $1.5B | $990.2M | ||
| Q3 25 | $1.8B | $1.1B | ||
| Q2 25 | $1.8B | $915.6M | ||
| Q1 25 | $1.1B | $920.1M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $945.0M | $1.2B |
股东权益BGCRBC
| Q4 25 | $972.5M | $3.3B | ||
| Q3 25 | $965.3M | $3.2B | ||
| Q2 25 | $930.5M | $3.1B | ||
| Q1 25 | $963.8M | $3.0B | ||
| Q4 24 | $898.5M | $2.9B | ||
| Q3 24 | $860.1M | $2.9B | ||
| Q2 24 | $858.1M | $2.8B | ||
| Q1 24 | $912.1M | $2.8B |
总资产BGCRBC
| Q4 25 | $4.4B | $5.1B | ||
| Q3 25 | $5.8B | $5.1B | ||
| Q2 25 | $4.9B | $4.8B | ||
| Q1 25 | $4.9B | $4.7B | ||
| Q4 24 | $3.6B | $4.7B | ||
| Q3 24 | $4.4B | $4.7B | ||
| Q2 24 | $4.3B | $4.7B | ||
| Q1 24 | $4.4B | $4.7B |
负债/权益比BGCRBC
| Q4 25 | 1.58× | 0.30× | ||
| Q3 25 | 1.90× | 0.34× | ||
| Q2 25 | 1.97× | 0.29× | ||
| Q1 25 | 1.19× | 0.30× | ||
| Q4 24 | 1.27× | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 1.68× | — | ||
| Q1 24 | 1.04× | 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 | $180.4M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $175.1M | $99.1M |
| 自由现金流率自由现金流/营收 | 27.4% | 21.5% |
| 资本支出强度资本支出/营收 | 0.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 12.55× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $372.9M | — |
8季度趋势，按日历期对齐
经营现金流BGCRBC
| Q4 25 | $180.4M | $122.1M | ||
| Q3 25 | $141.9M | $88.4M | ||
| Q2 25 | $71.2M | $120.0M | ||
| Q1 25 | $839.0K | — | ||
| Q4 24 | $251.9M | $84.0M | ||
| Q3 24 | $88.3M | — | ||
| Q2 24 | $-53.0M | $97.4M | ||
| Q1 24 | $28.1M | — |
自由现金流BGCRBC
| Q4 25 | $175.1M | $99.1M | ||
| Q3 25 | $137.2M | $71.7M | ||
| Q2 25 | $65.0M | $104.3M | ||
| Q1 25 | $-4.4M | — | ||
| Q4 24 | $245.6M | $73.6M | ||
| Q3 24 | $78.8M | — | ||
| Q2 24 | $-63.5M | $88.4M | ||
| Q1 24 | $24.9M | — |
自由现金流率BGCRBC
| Q4 25 | 27.4% | 21.5% | ||
| Q3 25 | 22.1% | 15.7% | ||
| Q2 25 | 10.0% | 23.9% | ||
| Q1 25 | -0.8% | — | ||
| Q4 24 | 51.7% | 18.7% | ||
| Q3 24 | 17.5% | — | ||
| Q2 24 | -14.6% | 21.8% | ||
| Q1 24 | 5.5% | — |
资本支出强度BGCRBC
| Q4 25 | 0.8% | 5.0% | ||
| Q3 25 | 0.8% | 3.7% | ||
| Q2 25 | 1.0% | 3.6% | ||
| Q1 25 | 1.0% | 3.2% | ||
| Q4 24 | 1.3% | 2.6% | ||
| Q3 24 | 2.1% | 4.1% | ||
| Q2 24 | 2.4% | 2.2% | ||
| Q1 24 | 0.7% | — |
现金转化率BGCRBC
| Q4 25 | 12.55× | 1.81× | ||
| Q3 25 | 5.09× | 1.47× | ||
| Q2 25 | 1.24× | 1.75× | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 9.99× | 1.45× | ||
| Q3 24 | 5.99× | — | ||
| Q2 24 | -1.40× | 1.59× | ||
| Q1 24 | 0.57× | — |
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
BGC
| Commissions | $590.2M | 92% |
| Data Software And Post Trade | $36.7M | 6% |
| Fees From Related Parties | $4.6M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
