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biote Corp.（BTMD）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是biote Corp.的1.2倍（$57.1M vs $46.4M），biote Corp.净利率更高（4.2% vs 0.8%，领先3.4%），REGIS CORP同比增速更快（22.3% vs -6.9%），biote Corp.自由现金流更多（$6.5M vs $891.0K），过去两年REGIS CORP的营收复合增速更高（7.8% vs -0.4%）
biote Corp是一家专注于个性化生物同质性激素替代疗法的医疗企业，主要面向美国市场运营，为持牌医疗从业者提供相关培训课程，同时推出配套健康补剂与诊断服务，以提升患者诊疗效果。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
BTMD vs RGS — 直观对比
营收规模更大
RGS
是对方的1.2倍
$46.4M
营收增速更快
RGS
高出29.1%
-6.9%
净利率更高
BTMD
高出3.4%
0.8%
自由现金流更多
BTMD
多$5.6M
$891.0K
两年增速更快
RGS
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $46.4M | $57.1M |
| 净利润 | $2.0M | $456.0K |
| 毛利率 | — | — |
| 营业利润率 | 14.7% | 10.8% |
| 净利率 | 4.2% | 0.8% |
| 营收同比 | -6.9% | 22.3% |
| 净利润同比 | -47.2% | -94.0% |
| 每股收益（稀释后） | $0.05 | $0.16 |
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BTMDRGS
| Q4 25 | $46.4M | $57.1M | ||
| Q3 25 | $48.0M | $59.0M | ||
| Q2 25 | $48.9M | $60.4M | ||
| Q1 25 | $49.0M | $57.0M | ||
| Q4 24 | $49.8M | $46.7M | ||
| Q3 24 | $51.4M | $46.1M | ||
| Q2 24 | $49.2M | $49.4M | ||
| Q1 24 | $46.8M | $49.2M |
净利润BTMDRGS
| Q4 25 | $2.0M | $456.0K | ||
| Q3 25 | $8.2M | $1.4M | ||
| Q2 25 | $3.2M | $116.5M | ||
| Q1 25 | $13.7M | $250.0K | ||
| Q4 24 | $3.7M | $7.6M | ||
| Q3 24 | $10.7M | $-853.0K | ||
| Q2 24 | $-7.1M | $91.2M | ||
| Q1 24 | $-4.2M | $-2.3M |
营业利润率BTMDRGS
| Q4 25 | 14.7% | 10.8% | ||
| Q3 25 | 17.2% | 10.0% | ||
| Q2 25 | 22.0% | 12.1% | ||
| Q1 25 | 19.8% | 8.8% | ||
| Q4 24 | 5.6% | 11.8% | ||
| Q3 24 | 23.7% | 4.6% | ||
| Q2 24 | 12.7% | — | ||
| Q1 24 | 22.3% | 8.3% |
净利率BTMDRGS
| Q4 25 | 4.2% | 0.8% | ||
| Q3 25 | 17.1% | 2.3% | ||
| Q2 25 | 6.5% | 192.9% | ||
| Q1 25 | 28.0% | 0.4% | ||
| Q4 24 | 7.4% | 16.4% | ||
| Q3 24 | 20.8% | -1.9% | ||
| Q2 24 | -14.4% | 184.7% | ||
| Q1 24 | -8.9% | -4.7% |
每股收益（稀释后）BTMDRGS
| Q4 25 | $0.05 | $0.16 | ||
| Q3 25 | $0.22 | $0.49 | ||
| Q2 25 | $0.10 | $43.67 | ||
| Q1 25 | $0.37 | $0.08 | ||
| Q4 24 | $0.09 | $2.71 | ||
| Q3 24 | $0.33 | $-0.36 | ||
| Q2 24 | $-0.21 | $38.40 | ||
| Q1 24 | $-0.12 | $-1.00 |
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 | $24.1M | $18.4M |
| 总债务越低越好 | $103.1M | $113.3M |
| 股东权益账面价值 | $-58.5M | $188.7M |
| 总资产 | $107.6M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资BTMDRGS
| Q4 25 | $24.1M | $18.4M | ||
| Q3 25 | $28.0M | $16.6M | ||
| Q2 25 | $19.6M | $17.0M | ||
| Q1 25 | $41.7M | $13.3M | ||
| Q4 24 | $39.3M | $10.2M | ||
| Q3 24 | $38.2M | $6.3M | ||
| Q2 24 | $26.4M | $10.1M | ||
| Q1 24 | $78.8M | $5.9M |
总债务BTMDRGS
| Q4 25 | $103.1M | $113.3M | ||
| Q3 25 | $104.7M | $111.3M | ||
| Q2 25 | $106.3M | $110.8M | ||
| Q1 25 | $107.8M | $112.0M | ||
| Q4 24 | $109.4M | $111.5M | ||
| Q3 24 | $110.9M | $95.2M | ||
| Q2 24 | $112.5M | $99.5M | ||
| Q1 24 | $114.1M | $179.7M |
股东权益BTMDRGS
| Q4 25 | $-58.5M | $188.7M | ||
| Q3 25 | $-72.8M | $187.6M | ||
| Q2 25 | $-85.1M | $185.6M | ||
| Q1 25 | $-90.0M | $68.6M | ||
| Q4 24 | $-105.9M | $66.7M | ||
| Q3 24 | $-130.3M | $56.4M | ||
| Q2 24 | $-143.2M | $56.8M | ||
| Q1 24 | $-36.0M | $-35.8M |
总资产BTMDRGS
| Q4 25 | $107.6M | $588.3M | ||
| Q3 25 | $111.3M | $592.1M | ||
| Q2 25 | $104.8M | $599.0M | ||
| Q1 25 | $123.4M | $511.2M | ||
| Q4 24 | $122.4M | $530.1M | ||
| Q3 24 | $101.3M | $508.9M | ||
| Q2 24 | $92.9M | $530.5M | ||
| Q1 24 | $160.1M | $543.7M |
负债/权益比BTMDRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $7.6M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $6.5M | $891.0K |
| 自由现金流率自由现金流/营收 | 14.0% | 1.6% |
| 资本支出强度资本支出/营收 | 2.3% | 1.4% |
| 现金转化率经营现金流/净利润 | 3.87× | 3.65× |
| 过去12个月自由现金流最近4个季度 | $30.2M | $14.9M |
8季度趋势，按日历期对齐
经营现金流BTMDRGS
| Q4 25 | $7.6M | $1.7M | ||
| Q3 25 | $14.1M | $2.3M | ||
| Q2 25 | $7.1M | $6.8M | ||
| Q1 25 | $6.5M | $6.2M | ||
| Q4 24 | $12.4M | $2.1M | ||
| Q3 24 | $15.6M | $-1.3M | ||
| Q2 24 | $9.9M | $5.1M | ||
| Q1 24 | $7.4M | $-277.0K |
自由现金流BTMDRGS
| Q4 25 | $6.5M | $891.0K | ||
| Q3 25 | $13.6M | $1.9M | ||
| Q2 25 | $5.3M | $6.2M | ||
| Q1 25 | $4.8M | $5.9M | ||
| Q4 24 | $10.7M | $1.7M | ||
| Q3 24 | $14.0M | $-1.4M | ||
| Q2 24 | $7.4M | $5.1M | ||
| Q1 24 | $6.7M | $-326.0K |
自由现金流率BTMDRGS
| Q4 25 | 14.0% | 1.6% | ||
| Q3 25 | 28.3% | 3.2% | ||
| Q2 25 | 10.8% | 10.3% | ||
| Q1 25 | 9.9% | 10.3% | ||
| Q4 24 | 21.5% | 3.6% | ||
| Q3 24 | 27.3% | -3.0% | ||
| Q2 24 | 15.1% | 10.3% | ||
| Q1 24 | 14.2% | -0.7% |
资本支出强度BTMDRGS
| Q4 25 | 2.3% | 1.4% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 3.7% | 0.9% | ||
| Q1 25 | 3.3% | 0.6% | ||
| Q4 24 | 3.4% | 0.9% | ||
| Q3 24 | 3.0% | 0.0% | ||
| Q2 24 | 5.1% | 0.0% | ||
| Q1 24 | 1.5% | 0.1% |
现金转化率BTMDRGS
| Q4 25 | 3.87× | 3.65× | ||
| Q3 25 | 1.72× | 1.68× | ||
| Q2 25 | 2.22× | 0.06× | ||
| Q1 25 | 0.47× | 24.80× | ||
| Q4 24 | 3.34× | 0.28× | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | — | 0.06× | ||
| 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
BTMD
| Product Revenue | $45.3M | 98% |
| Disposable Trocars Product Revenue | $1.2M | 3% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
