vs
Barnes & Noble Education, Inc.（BNED）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
Barnes & Noble Education, Inc.的季度营收约是RBC Bearings INC的1.3倍（$598.2M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 4.2%，领先10.4%），RBC Bearings INC同比增速更快（17.0% vs 6.9%），RBC Bearings INC自由现金流更多（$99.1M vs $61.9M），过去两年Barnes & Noble Education, Inc.的营收复合增速更高（20.0% vs 5.6%）
巴诺教育旗下的巴诺书店是美国门店数量最多的图书零售商，目前在美国各地经营着七百多家线下实体门店，是美国本土颇具影响力的线下图书零售企业，深耕图书零售领域多年。
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。
BNED vs RBC — 直观对比
营收规模更大
BNED
是对方的1.3倍
$461.6M
营收增速更快
RBC
高出10.2%
6.9%
净利率更高
RBC
高出10.4%
4.2%
自由现金流更多
RBC
多$37.2M
$61.9M
两年增速更快
BNED
近两年复合增速
5.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $598.2M | $461.6M |
| 净利润 | $25.0M | $67.4M |
| 毛利率 | 21.7% | 44.3% |
| 营业利润率 | 6.8% | 22.3% |
| 净利率 | 4.2% | 14.6% |
| 营收同比 | 6.9% | 17.0% |
| 净利润同比 | -49.7% | 16.4% |
| 每股收益（稀释后） | $0.72 | $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BNEDRBC
| Q4 25 | $598.2M | $461.6M | ||
| Q3 25 | $274.2M | $455.3M | ||
| Q2 25 | $233.0M | $436.0M | ||
| Q1 25 | $419.7M | $437.7M | ||
| Q4 24 | $559.7M | $394.4M | ||
| Q3 24 | $250.9M | $397.9M | ||
| Q2 24 | $192.7M | $406.3M | ||
| Q1 24 | $415.4M | $413.7M |
净利润BNEDRBC
| Q4 25 | $25.0M | $67.4M | ||
| Q3 25 | $-18.3M | $60.0M | ||
| Q2 25 | $-23.0M | $68.5M | ||
| Q1 25 | $17.9M | $72.7M | ||
| Q4 24 | $43.2M | $57.9M | ||
| Q3 24 | $-103.9M | $54.2M | ||
| Q2 24 | $-41.9M | $61.4M | ||
| Q1 24 | $-9.3M | — |
毛利率BNEDRBC
| Q4 25 | 21.7% | 44.3% | ||
| Q3 25 | 20.2% | 44.1% | ||
| Q2 25 | 30.3% | 44.8% | ||
| Q1 25 | 22.3% | 44.2% | ||
| Q4 24 | 23.0% | 44.3% | ||
| Q3 24 | 17.9% | 43.7% | ||
| Q2 24 | 28.7% | 45.3% | ||
| Q1 24 | 24.2% | 43.1% |
营业利润率BNEDRBC
| Q4 25 | 6.8% | 22.3% | ||
| Q3 25 | -8.4% | 21.5% | ||
| Q2 25 | -4.9% | 23.2% | ||
| Q1 25 | 4.5% | 23.0% | ||
| Q4 24 | 8.4% | 21.7% | ||
| Q3 24 | -15.4% | 21.6% | ||
| Q2 24 | -16.3% | 24.0% | ||
| Q1 24 | 0.4% | 22.8% |
净利率BNEDRBC
| Q4 25 | 4.2% | 14.6% | ||
| Q3 25 | -6.7% | 13.2% | ||
| Q2 25 | -9.9% | 15.7% | ||
| Q1 25 | 4.3% | 16.6% | ||
| Q4 24 | 7.7% | 14.7% | ||
| Q3 24 | -41.4% | 13.6% | ||
| Q2 24 | -21.7% | 15.1% | ||
| Q1 24 | -2.2% | — |
每股收益（稀释后）BNEDRBC
| Q4 25 | $0.72 | $2.13 | ||
| Q3 25 | $-0.54 | $1.90 | ||
| Q2 25 | $2.97 | $2.17 | ||
| Q1 25 | $0.59 | $2.33 | ||
| Q4 24 | $1.63 | $1.82 | ||
| Q3 24 | $-7.69 | $1.65 | ||
| Q2 24 | $-15.68 | $1.90 | ||
| Q1 24 | $-3.49 | $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 | $11.7M | $107.6M |
| 总债务越低越好 | $122.5M | $990.2M |
| 股东权益账面价值 | $283.2M | $3.3B |
| 总资产 | $1.1B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.43× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BNEDRBC
| Q4 25 | $11.7M | $107.6M | ||
| Q3 25 | $7.3M | $91.2M | ||
| Q2 25 | $9.1M | $132.9M | ||
| Q1 25 | $9.2M | $36.8M | ||
| Q4 24 | $11.6M | — | ||
| Q3 24 | $8.2M | — | ||
| Q2 24 | $10.5M | $76.8M | ||
| Q1 24 | $8.1M | $63.5M |
总债务BNEDRBC
| Q4 25 | $122.5M | $990.2M | ||
| Q3 25 | $170.0M | $1.1B | ||
| Q2 25 | $103.1M | $915.6M | ||
| Q1 25 | $141.2M | $920.1M | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $221.9M | — | ||
| Q2 24 | $196.3M | — | ||
| Q1 24 | $30.2M | $1.2B |
股东权益BNEDRBC
| Q4 25 | $283.2M | $3.3B | ||
| Q3 25 | $256.5M | $3.2B | ||
| Q2 25 | $272.2M | $3.1B | ||
| Q1 25 | $292.9M | $3.0B | ||
| Q4 24 | $211.4M | $2.9B | ||
| Q3 24 | $149.8M | $2.9B | ||
| Q2 24 | $80.4M | $2.8B | ||
| Q1 24 | $121.5M | $2.8B |
总资产BNEDRBC
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $950.8M | $5.1B | ||
| Q2 25 | $790.3M | $4.8B | ||
| Q1 25 | $1.1B | $4.7B | ||
| Q4 24 | $1.0B | $4.7B | ||
| Q3 24 | $973.2M | $4.7B | ||
| Q2 24 | $909.9M | $4.7B | ||
| Q1 24 | $1.2B | $4.7B |
负债/权益比BNEDRBC
| Q4 25 | 0.43× | 0.30× | ||
| Q3 25 | 0.66× | 0.34× | ||
| Q2 25 | 0.38× | 0.29× | ||
| Q1 25 | 0.48× | 0.30× | ||
| Q4 24 | 0.84× | — | ||
| Q3 24 | 1.48× | — | ||
| Q2 24 | 2.44× | — | ||
| Q1 24 | 0.25× | 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 | $66.2M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $61.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 10.4% | 21.5% |
| 资本支出强度资本支出/营收 | 0.7% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.65× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-4.6M | — |
8季度趋势，按日历期对齐
经营现金流BNEDRBC
| Q4 25 | $66.2M | $122.1M | ||
| Q3 25 | $-67.6M | $88.4M | ||
| Q2 25 | $52.6M | $120.0M | ||
| Q1 25 | $-41.9M | — | ||
| Q4 24 | $47.4M | $84.0M | ||
| Q3 24 | $-143.5M | — | ||
| Q2 24 | $81.7M | $97.4M | ||
| Q1 24 | $-35.8M | — |
自由现金流BNEDRBC
| Q4 25 | $61.9M | $99.1M | ||
| Q3 25 | $-71.3M | $71.7M | ||
| Q2 25 | $49.5M | $104.3M | ||
| Q1 25 | $-44.7M | — | ||
| Q4 24 | $44.4M | $73.6M | ||
| Q3 24 | $-147.5M | — | ||
| Q2 24 | $79.1M | $88.4M | ||
| Q1 24 | $-39.0M | — |
自由现金流率BNEDRBC
| Q4 25 | 10.4% | 21.5% | ||
| Q3 25 | -26.0% | 15.7% | ||
| Q2 25 | 21.3% | 23.9% | ||
| Q1 25 | -10.7% | — | ||
| Q4 24 | 7.9% | 18.7% | ||
| Q3 24 | -58.8% | — | ||
| Q2 24 | 41.1% | 21.8% | ||
| Q1 24 | -9.4% | — |
资本支出强度BNEDRBC
| Q4 25 | 0.7% | 5.0% | ||
| Q3 25 | 1.4% | 3.7% | ||
| Q2 25 | 1.3% | 3.6% | ||
| Q1 25 | 0.7% | 3.2% | ||
| Q4 24 | 0.5% | 2.6% | ||
| Q3 24 | 1.6% | 4.1% | ||
| Q2 24 | 1.4% | 2.2% | ||
| Q1 24 | 0.8% | — |
现金转化率BNEDRBC
| Q4 25 | 2.65× | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | -2.34× | — | ||
| Q4 24 | 1.10× | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | — | — |
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
BNED
| Course Materials Product | $459.3M | 77% |
| General Merchandise Product | $112.9M | 19% |
| Serviceand Other | $26.1M | 4% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
