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伯乐实验室（BIO）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
伯乐实验室的季度营收约是Royalty Pharma plc的1.1倍（$693.2M vs $622.0M），伯乐实验室净利率更高（103.9% vs 34.4%，领先69.4%），Royalty Pharma plc同比增速更快（4.8% vs 3.9%），过去两年伯乐实验室的营收复合增速更高（6.5% vs 4.6%）
美国伯乐实验室是深耕生命科学研究与临床诊断领域的专业技术产品开发商及制造商，1952年由加州大学伯克利分校校友施瓦茨夫妇在伯克利创立，总部位于加州赫拉克勒斯，业务网络覆盖全球。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
BIO vs RPRX — 直观对比
营收规模更大
BIO
是对方的1.1倍
$622.0M
营收增速更快
RPRX
高出0.9%
3.9%
净利率更高
BIO
高出69.4%
34.4%
两年增速更快
BIO
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $693.2M | $622.0M |
| 净利润 | $720.0M | $214.2M |
| 毛利率 | 49.8% | — |
| 营业利润率 | -17.2% | 62.4% |
| 净利率 | 103.9% | 34.4% |
| 营收同比 | 3.9% | 4.8% |
| 净利润同比 | 200.6% | 2.9% |
| 每股收益（稀释后） | $26.59 | $0.49 |
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BIORPRX
| Q4 25 | $693.2M | $622.0M | ||
| Q3 25 | $653.0M | $609.3M | ||
| Q2 25 | $651.6M | $578.7M | ||
| Q1 25 | $585.4M | $568.2M | ||
| Q4 24 | $667.5M | $593.6M | ||
| Q3 24 | $649.7M | $564.7M | ||
| Q2 24 | $638.5M | $537.3M | ||
| Q1 24 | $610.8M | $568.0M |
净利润BIORPRX
| Q4 25 | $720.0M | $214.2M | ||
| Q3 25 | $-341.9M | $288.2M | ||
| Q2 25 | $317.8M | $30.2M | ||
| Q1 25 | $64.0M | $238.3M | ||
| Q4 24 | $-715.8M | $208.2M | ||
| Q3 24 | $653.2M | $544.0M | ||
| Q2 24 | $-2.2B | $102.0M | ||
| Q1 24 | $383.9M | $4.8M |
毛利率BIORPRX
| Q4 25 | 49.8% | — | ||
| Q3 25 | 52.6% | — | ||
| Q2 25 | 53.0% | — | ||
| Q1 25 | 52.3% | — | ||
| Q4 24 | 51.2% | — | ||
| Q3 24 | 54.8% | — | ||
| Q2 24 | 55.6% | — | ||
| Q1 24 | 53.4% | — |
营业利润率BIORPRX
| Q4 25 | -17.2% | 62.4% | ||
| Q3 25 | 10.0% | 70.1% | ||
| Q2 25 | 11.8% | 36.3% | ||
| Q1 25 | 4.0% | 94.0% | ||
| Q4 24 | 8.7% | 60.9% | ||
| Q3 24 | 9.9% | — | ||
| Q2 24 | 15.9% | 50.2% | ||
| Q1 24 | 7.3% | -13.0% |
净利率BIORPRX
| Q4 25 | 103.9% | 34.4% | ||
| Q3 25 | -52.4% | 47.3% | ||
| Q2 25 | 48.8% | 5.2% | ||
| Q1 25 | 10.9% | 41.9% | ||
| Q4 24 | -107.2% | 35.1% | ||
| Q3 24 | 100.5% | 96.3% | ||
| Q2 24 | -339.2% | 19.0% | ||
| Q1 24 | 62.9% | 0.8% |
每股收益（稀释后）BIORPRX
| Q4 25 | $26.59 | $0.49 | ||
| Q3 25 | $-12.70 | $0.67 | ||
| Q2 25 | $11.67 | $0.07 | ||
| Q1 25 | $2.29 | $0.55 | ||
| Q4 24 | $-25.89 | $0.46 | ||
| Q3 24 | $23.34 | $1.21 | ||
| Q2 24 | $-76.26 | $0.23 | ||
| Q1 24 | $13.45 | $0.01 |
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 | $1.5B | $618.7M |
| 总债务越低越好 | $1.2B | $9.0B |
| 股东权益账面价值 | $7.5B | $9.7B |
| 总资产 | $10.6B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资BIORPRX
| Q4 25 | $1.5B | $618.7M | ||
| Q3 25 | $1.4B | $938.9M | ||
| Q2 25 | $1.4B | $631.9M | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $929.0M | ||
| Q3 24 | $1.6B | $950.1M | ||
| Q2 24 | $1.6B | $1.8B | ||
| Q1 24 | $1.6B | $843.0M |
总债务BIORPRX
| Q4 25 | $1.2B | $9.0B | ||
| Q3 25 | $1.2B | $8.9B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $1.2B | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益BIORPRX
| Q4 25 | $7.5B | $9.7B | ||
| Q3 25 | $6.7B | $9.6B | ||
| Q2 25 | $7.1B | $9.5B | ||
| Q1 25 | $6.7B | $9.8B | ||
| Q4 24 | $6.6B | $10.3B | ||
| Q3 24 | $7.5B | $10.3B | ||
| Q2 24 | $6.8B | $9.8B | ||
| Q1 24 | $9.1B | $9.9B |
总资产BIORPRX
| Q4 25 | $10.6B | $19.6B | ||
| Q3 25 | $9.7B | $19.3B | ||
| Q2 25 | $10.2B | $18.3B | ||
| Q1 25 | $9.5B | $17.6B | ||
| Q4 24 | $9.4B | $18.2B | ||
| Q3 24 | $10.6B | $18.0B | ||
| Q2 24 | $9.7B | $17.7B | ||
| Q1 24 | $12.6B | $16.1B |
负债/权益比BIORPRX
| Q4 25 | 0.16× | 0.92× | ||
| Q3 25 | 0.18× | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 0.18× | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $164.9M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $119.1M | — |
| 自由现金流率自由现金流/营收 | 17.2% | — |
| 资本支出强度资本支出/营收 | 6.6% | — |
| 现金转化率经营现金流/净利润 | 0.23× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $374.6M | — |
8季度趋势，按日历期对齐
经营现金流BIORPRX
| Q4 25 | $164.9M | $827.1M | ||
| Q3 25 | $120.9M | $702.6M | ||
| Q2 25 | $116.5M | $364.0M | ||
| Q1 25 | $129.9M | $596.1M | ||
| Q4 24 | $124.2M | $742.5M | ||
| Q3 24 | $163.6M | $703.6M | ||
| Q2 24 | $97.6M | $658.2M | ||
| Q1 24 | $69.8M | $664.6M |
自由现金流BIORPRX
| Q4 25 | $119.1M | — | ||
| Q3 25 | $89.2M | — | ||
| Q2 25 | $70.8M | — | ||
| Q1 25 | $95.5M | — | ||
| Q4 24 | $81.2M | — | ||
| Q3 24 | $123.4M | — | ||
| Q2 24 | $55.4M | — | ||
| Q1 24 | $29.6M | — |
自由现金流率BIORPRX
| Q4 25 | 17.2% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 10.9% | — | ||
| Q1 25 | 16.3% | — | ||
| Q4 24 | 12.2% | — | ||
| Q3 24 | 19.0% | — | ||
| Q2 24 | 8.7% | — | ||
| Q1 24 | 4.8% | — |
资本支出强度BIORPRX
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.9% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | 5.9% | — | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.6% | — |
现金转化率BIORPRX
| Q4 25 | 0.23× | 3.86× | ||
| Q3 25 | — | 2.44× | ||
| Q2 25 | 0.37× | 12.06× | ||
| Q1 25 | 2.03× | 2.50× | ||
| Q4 24 | — | 3.57× | ||
| Q3 24 | 0.25× | 1.29× | ||
| Q2 24 | — | 6.45× | ||
| Q1 24 | 0.18× | 139.10× |
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
BIO
| Clinical Diagnostics | $425.3M | 61% |
| Life Science | $267.9M | 39% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
