vs
biote Corp.（BTMD）与RMR GROUP INC.（RMR）财务数据对比。点击上方公司名可切换其他公司
RMR GROUP INC.的季度营收约是biote Corp.的1.4倍（$66.7M vs $46.4M），RMR GROUP INC.净利率更高（18.3% vs 4.2%，领先14.1%），RMR GROUP INC.同比增速更快（40.8% vs -6.9%）
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。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
BTMD vs RMR — 直观对比
营收规模更大
RMR
是对方的1.4倍
$46.4M
营收增速更快
RMR
高出47.6%
-6.9%
净利率更高
RMR
高出14.1%
4.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $46.4M | $66.7M |
| 净利润 | $2.0M | $12.2M |
| 毛利率 | — | — |
| 营业利润率 | 14.7% | 48.1% |
| 净利率 | 4.2% | 18.3% |
| 营收同比 | -6.9% | 40.8% |
| 净利润同比 | -47.2% | 91.1% |
| 每股收益（稀释后） | $0.05 | $0.71 |
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BTMDRMR
| Q4 25 | $46.4M | $66.7M | ||
| Q3 25 | $48.0M | — | ||
| Q2 25 | $48.9M | — | ||
| Q1 25 | $49.0M | — | ||
| Q4 24 | $49.8M | — | ||
| Q3 24 | $51.4M | — | ||
| Q2 24 | $49.2M | — | ||
| Q1 24 | $46.8M | — |
净利润BTMDRMR
| Q4 25 | $2.0M | $12.2M | ||
| Q3 25 | $8.2M | — | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $13.7M | — | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $10.7M | — | ||
| Q2 24 | $-7.1M | — | ||
| Q1 24 | $-4.2M | — |
营业利润率BTMDRMR
| Q4 25 | 14.7% | 48.1% | ||
| Q3 25 | 17.2% | — | ||
| Q2 25 | 22.0% | — | ||
| Q1 25 | 19.8% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 23.7% | — | ||
| Q2 24 | 12.7% | — | ||
| Q1 24 | 22.3% | — |
净利率BTMDRMR
| Q4 25 | 4.2% | 18.3% | ||
| Q3 25 | 17.1% | — | ||
| Q2 25 | 6.5% | — | ||
| Q1 25 | 28.0% | — | ||
| Q4 24 | 7.4% | — | ||
| Q3 24 | 20.8% | — | ||
| Q2 24 | -14.4% | — | ||
| Q1 24 | -8.9% | — |
每股收益（稀释后）BTMDRMR
| Q4 25 | $0.05 | $0.71 | ||
| Q3 25 | $0.22 | — | ||
| Q2 25 | $0.10 | — | ||
| Q1 25 | $0.37 | — | ||
| Q4 24 | $0.09 | — | ||
| Q3 24 | $0.33 | — | ||
| Q2 24 | $-0.21 | — | ||
| Q1 24 | $-0.12 | — |
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 | $49.3M |
| 总债务越低越好 | $103.1M | — |
| 股东权益账面价值 | $-58.5M | $232.7M |
| 总资产 | $107.6M | $687.1M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资BTMDRMR
| Q4 25 | $24.1M | $49.3M | ||
| Q3 25 | $28.0M | — | ||
| Q2 25 | $19.6M | — | ||
| Q1 25 | $41.7M | — | ||
| Q4 24 | $39.3M | — | ||
| Q3 24 | $38.2M | — | ||
| Q2 24 | $26.4M | — | ||
| Q1 24 | $78.8M | — |
总债务BTMDRMR
| Q4 25 | $103.1M | — | ||
| Q3 25 | $104.7M | — | ||
| Q2 25 | $106.3M | — | ||
| Q1 25 | $107.8M | — | ||
| Q4 24 | $109.4M | — | ||
| Q3 24 | $110.9M | — | ||
| Q2 24 | $112.5M | — | ||
| Q1 24 | $114.1M | — |
股东权益BTMDRMR
| Q4 25 | $-58.5M | $232.7M | ||
| Q3 25 | $-72.8M | — | ||
| Q2 25 | $-85.1M | — | ||
| Q1 25 | $-90.0M | — | ||
| Q4 24 | $-105.9M | — | ||
| Q3 24 | $-130.3M | — | ||
| Q2 24 | $-143.2M | — | ||
| Q1 24 | $-36.0M | — |
总资产BTMDRMR
| Q4 25 | $107.6M | $687.1M | ||
| Q3 25 | $111.3M | — | ||
| Q2 25 | $104.8M | — | ||
| Q1 25 | $123.4M | — | ||
| Q4 24 | $122.4M | — | ||
| Q3 24 | $101.3M | — | ||
| Q2 24 | $92.9M | — | ||
| Q1 24 | $160.1M | — |
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 | $10.7M |
| 自由现金流经营现金流 - 资本支出 | $6.5M | — |
| 自由现金流率自由现金流/营收 | 14.0% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 3.87× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $30.2M | — |
8季度趋势，按日历期对齐
经营现金流BTMDRMR
| Q4 25 | $7.6M | $10.7M | ||
| Q3 25 | $14.1M | — | ||
| Q2 25 | $7.1M | — | ||
| Q1 25 | $6.5M | — | ||
| Q4 24 | $12.4M | — | ||
| Q3 24 | $15.6M | — | ||
| Q2 24 | $9.9M | — | ||
| Q1 24 | $7.4M | — |
自由现金流BTMDRMR
| Q4 25 | $6.5M | — | ||
| Q3 25 | $13.6M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $4.8M | — | ||
| Q4 24 | $10.7M | — | ||
| Q3 24 | $14.0M | — | ||
| Q2 24 | $7.4M | — | ||
| Q1 24 | $6.7M | — |
自由现金流率BTMDRMR
| Q4 25 | 14.0% | — | ||
| Q3 25 | 28.3% | — | ||
| Q2 25 | 10.8% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 21.5% | — | ||
| Q3 24 | 27.3% | — | ||
| Q2 24 | 15.1% | — | ||
| Q1 24 | 14.2% | — |
资本支出强度BTMDRMR
| Q4 25 | 2.3% | — | ||
| Q3 25 | 1.0% | — | ||
| Q2 25 | 3.7% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 3.4% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | 1.5% | — |
现金转化率BTMDRMR
| Q4 25 | 3.87× | 0.88× | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 2.22× | — | ||
| Q1 25 | 0.47× | — | ||
| Q4 24 | 3.34× | — | ||
| Q3 24 | 1.45× | — | ||
| Q2 24 | — | — | ||
| 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% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
