vs
Dutch Bros Inc.（BROS）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
Dutch Bros Inc.的季度营收约是RBC Bearings INC的1.0倍（$464.4M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 5.1%，领先9.5%），Dutch Bros Inc.同比增速更快（30.8% vs 17.0%），过去两年Dutch Bros Inc.的营收复合增速更高（19.6% vs 5.6%）
Dutch Bros Inc.是美国上市得来速咖啡连锁品牌，1992年由戴恩·博尔斯马与特拉维斯·博尔斯马创立，原总部位于俄勒冈州格兰茨帕斯，2025年迁至亚利桑那州坦佩。品牌拥有直营及加盟门店，主力布局美国西部市场，目前扩张范围最东已覆盖佛罗里达州奥兰多。
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。
BROS vs RBC — 直观对比
营收规模更大
BROS
是对方的1.0倍
$461.6M
营收增速更快
BROS
高出13.7%
17.0%
净利率更高
RBC
高出9.5%
5.1%
两年增速更快
BROS
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $464.4M | $461.6M |
| 净利润 | $23.7M | $67.4M |
| 毛利率 | 23.1% | 44.3% |
| 营业利润率 | 7.4% | 22.3% |
| 净利率 | 5.1% | 14.6% |
| 营收同比 | 30.8% | 17.0% |
| 净利润同比 | 5.3% | 16.4% |
| 每股收益（稀释后） | $0.13 | $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BROSRBC
| Q1 26 | $464.4M | — | ||
| Q4 25 | $443.6M | $461.6M | ||
| Q3 25 | $423.6M | $455.3M | ||
| Q2 25 | $415.8M | $436.0M | ||
| Q1 25 | $355.2M | $437.7M | ||
| Q4 24 | $342.8M | $394.4M | ||
| Q3 24 | $338.2M | $397.9M | ||
| Q2 24 | $324.9M | $406.3M |
净利润BROSRBC
| Q1 26 | $23.7M | — | ||
| Q4 25 | $21.4M | $67.4M | ||
| Q3 25 | $17.5M | $60.0M | ||
| Q2 25 | $25.6M | $68.5M | ||
| Q1 25 | $15.4M | $72.7M | ||
| Q4 24 | $3.6M | $57.9M | ||
| Q3 24 | $12.6M | $54.2M | ||
| Q2 24 | $11.9M | $61.4M |
毛利率BROSRBC
| Q1 26 | 23.1% | — | ||
| Q4 25 | 24.1% | 44.3% | ||
| Q3 25 | 25.2% | 44.1% | ||
| Q2 25 | 28.9% | 44.8% | ||
| Q1 25 | 25.3% | 44.2% | ||
| Q4 24 | 25.7% | 44.3% | ||
| Q3 24 | 26.6% | 43.7% | ||
| Q2 24 | 27.8% | 45.3% |
营业利润率BROSRBC
| Q1 26 | 7.4% | — | ||
| Q4 25 | 7.7% | 22.3% | ||
| Q3 25 | 9.8% | 21.5% | ||
| Q2 25 | 13.1% | 23.2% | ||
| Q1 25 | 8.7% | 23.0% | ||
| Q4 24 | 4.6% | 21.7% | ||
| Q3 24 | 9.6% | 21.6% | ||
| Q2 24 | 9.9% | 24.0% |
净利率BROSRBC
| Q1 26 | 5.1% | — | ||
| Q4 25 | 4.8% | 14.6% | ||
| Q3 25 | 4.1% | 13.2% | ||
| Q2 25 | 6.2% | 15.7% | ||
| Q1 25 | 4.3% | 16.6% | ||
| Q4 24 | 1.1% | 14.7% | ||
| Q3 24 | 3.7% | 13.6% | ||
| Q2 24 | 3.7% | 15.1% |
每股收益（稀释后）BROSRBC
| Q1 26 | $0.13 | — | ||
| Q4 25 | $0.17 | $2.13 | ||
| Q3 25 | $0.14 | $1.90 | ||
| Q2 25 | $0.20 | $2.17 | ||
| Q1 25 | $0.13 | $2.33 | ||
| Q4 24 | $0.03 | $1.82 | ||
| Q3 24 | $0.11 | $1.65 | ||
| Q2 24 | $0.12 | $1.90 |
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 | $263.5M | $107.6M |
| 总债务越低越好 | $199.3M | $990.2M |
| 股东权益账面价值 | $920.5M | $3.3B |
| 总资产 | $3.1B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.22× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BROSRBC
| Q1 26 | $263.5M | — | ||
| Q4 25 | $269.4M | $107.6M | ||
| Q3 25 | $267.2M | $91.2M | ||
| Q2 25 | $254.4M | $132.9M | ||
| Q1 25 | $316.4M | $36.8M | ||
| Q4 24 | $293.4M | — | ||
| Q3 24 | $281.1M | — | ||
| Q2 24 | $260.9M | $76.8M |
总债务BROSRBC
| Q1 26 | $199.3M | — | ||
| Q4 25 | $202.5M | $990.2M | ||
| Q3 25 | $202.3M | $1.1B | ||
| Q2 25 | $203.3M | $915.6M | ||
| Q1 25 | $284.2M | $920.1M | ||
| Q4 24 | $238.0M | — | ||
| Q3 24 | $241.2M | — | ||
| Q2 24 | $244.3M | — |
股东权益BROSRBC
| Q1 26 | $920.5M | — | ||
| Q4 25 | $680.8M | $3.3B | ||
| Q3 25 | $656.6M | $3.2B | ||
| Q2 25 | $636.2M | $3.1B | ||
| Q1 25 | $599.1M | $3.0B | ||
| Q4 24 | $537.4M | $2.9B | ||
| Q3 24 | $523.1M | $2.9B | ||
| Q2 24 | $509.1M | $2.8B |
总资产BROSRBC
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.0B | $5.1B | ||
| Q3 25 | $2.9B | $5.1B | ||
| Q2 25 | $2.8B | $4.8B | ||
| Q1 25 | $2.8B | $4.7B | ||
| Q4 24 | $2.5B | $4.7B | ||
| Q3 24 | $2.4B | $4.7B | ||
| Q2 24 | $2.4B | $4.7B |
负债/权益比BROSRBC
| Q1 26 | 0.22× | — | ||
| Q4 25 | 0.30× | 0.30× | ||
| Q3 25 | 0.31× | 0.34× | ||
| Q2 25 | 0.32× | 0.29× | ||
| Q1 25 | 0.47× | 0.30× | ||
| Q4 24 | 0.44× | — | ||
| Q3 24 | 0.46× | — | ||
| Q2 24 | 0.48× | — |
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 | $84.7M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | 3.58× | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BROSRBC
| Q1 26 | $84.7M | — | ||
| Q4 25 | $79.6M | $122.1M | ||
| Q3 25 | $89.1M | $88.4M | ||
| Q2 25 | $89.9M | $120.0M | ||
| Q1 25 | $36.9M | — | ||
| Q4 24 | $62.2M | $84.0M | ||
| Q3 24 | $83.5M | — | ||
| Q2 24 | $59.5M | $97.4M |
自由现金流BROSRBC
| Q1 26 | — | — | ||
| Q4 25 | $8.5M | $99.1M | ||
| Q3 25 | $18.9M | $71.7M | ||
| Q2 25 | $35.7M | $104.3M | ||
| Q1 25 | $-8.7M | — | ||
| Q4 24 | $19.5M | $73.6M | ||
| Q3 24 | $26.4M | — | ||
| Q2 24 | $-4.9M | $88.4M |
自由现金流率BROSRBC
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 21.5% | ||
| Q3 25 | 4.5% | 15.7% | ||
| Q2 25 | 8.6% | 23.9% | ||
| Q1 25 | -2.4% | — | ||
| Q4 24 | 5.7% | 18.7% | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | -1.5% | 21.8% |
资本支出强度BROSRBC
| Q1 26 | — | — | ||
| Q4 25 | 16.0% | 5.0% | ||
| Q3 25 | 16.6% | 3.7% | ||
| Q2 25 | 13.0% | 3.6% | ||
| Q1 25 | 12.8% | 3.2% | ||
| Q4 24 | 12.5% | 2.6% | ||
| Q3 24 | 16.9% | 4.1% | ||
| Q2 24 | 19.8% | 2.2% |
现金转化率BROSRBC
| Q1 26 | 3.58× | — | ||
| Q4 25 | 3.73× | 1.81× | ||
| Q3 25 | 5.09× | 1.47× | ||
| Q2 25 | 3.51× | 1.75× | ||
| Q1 25 | 2.40× | — | ||
| Q4 24 | 17.23× | 1.45× | ||
| Q3 24 | 6.60× | — | ||
| Q2 24 | 4.99× | 1.59× |
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
BROS
| Company-operated shops | $429.1M | 92% |
| Franchising and other | $35.4M | 8% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
