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嘉德诺（BTSG）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
嘉德诺的季度营收约是RPM INTERNATIONAL INC的1.9倍（$3.6B vs $1.9B），RPM INTERNATIONAL INC净利率更高（8.4% vs 2.2%，领先6.3%），嘉德诺同比增速更快（16.3% vs 3.5%），RPM INTERNATIONAL INC自由现金流更多（$296.4M vs $193.9M），过去两年嘉德诺的营收复合增速更高（17.4% vs 12.0%）
嘉德诺是美国跨国医疗服务企业，位列美国企业营收榜第15位，总部位于俄亥俄州都柏林。公司主营药品与医疗产品分销，服务覆盖超10万个网点，同时生产手套、手术服、流体管理产品等医用外科用品，还运营着规模位居前列的放射性药物网络。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
BTSG vs RPM — 直观对比
营收规模更大
BTSG
是对方的1.9倍
$1.9B
营收增速更快
BTSG
高出12.8%
3.5%
净利率更高
RPM
高出6.3%
2.2%
自由现金流更多
RPM
多$102.5M
$193.9M
两年增速更快
BTSG
近两年复合增速
12.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $3.6B | $1.9B |
| 净利润 | $77.1M | $161.2M |
| 毛利率 | 11.6% | 40.8% |
| 营业利润率 | 3.0% | 11.0% |
| 净利率 | 2.2% | 8.4% |
| 营收同比 | 16.3% | 3.5% |
| 净利润同比 | 381.8% | -12.0% |
| 每股收益（稀释后） | $0.34 | $1.26 |
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BTSGRPM
| Q4 25 | $3.6B | $1.9B | ||
| Q3 25 | $3.3B | $2.1B | ||
| Q2 25 | $3.1B | $2.1B | ||
| Q1 25 | $2.9B | $1.5B | ||
| Q4 24 | $3.1B | $1.8B | ||
| Q3 24 | $2.9B | $2.0B | ||
| Q2 24 | $2.7B | $2.0B | ||
| Q1 24 | $2.6B | $1.5B |
净利润BTSGRPM
| Q4 25 | $77.1M | $161.2M | ||
| Q3 25 | $55.8M | $227.6M | ||
| Q2 25 | $28.2M | $225.8M | ||
| Q1 25 | $29.5M | $52.0M | ||
| Q4 24 | $16.0M | $183.2M | ||
| Q3 24 | $-8.2M | $227.7M | ||
| Q2 24 | $19.9M | $180.6M | ||
| Q1 24 | $-45.8M | $61.2M |
毛利率BTSGRPM
| Q4 25 | 11.6% | 40.8% | ||
| Q3 25 | 11.8% | 42.3% | ||
| Q2 25 | 11.9% | 42.4% | ||
| Q1 25 | 11.8% | 38.4% | ||
| Q4 24 | 13.8% | 41.4% | ||
| Q3 24 | 14.0% | 42.5% | ||
| Q2 24 | 14.2% | 41.4% | ||
| Q1 24 | 14.3% | 39.9% |
营业利润率BTSGRPM
| Q4 25 | 3.0% | 11.0% | ||
| Q3 25 | 2.6% | 14.1% | ||
| Q2 25 | 1.5% | 11.9% | ||
| Q1 25 | 1.8% | 2.8% | ||
| Q4 24 | 2.6% | 11.5% | ||
| Q3 24 | 2.0% | 14.8% | ||
| Q2 24 | 2.3% | 11.9% | ||
| Q1 24 | 0.3% | 5.5% |
净利率BTSGRPM
| Q4 25 | 2.2% | 8.4% | ||
| Q3 25 | 1.7% | 10.8% | ||
| Q2 25 | 0.9% | 10.8% | ||
| Q1 25 | 1.0% | 3.5% | ||
| Q4 24 | 0.5% | 9.9% | ||
| Q3 24 | -0.3% | 11.6% | ||
| Q2 24 | 0.7% | 9.0% | ||
| Q1 24 | -1.8% | 4.0% |
每股收益（稀释后）BTSGRPM
| Q4 25 | $0.34 | $1.26 | ||
| Q3 25 | $0.26 | $1.77 | ||
| Q2 25 | $0.13 | $1.76 | ||
| Q1 25 | $0.14 | $0.40 | ||
| Q4 24 | $0.11 | $1.42 | ||
| Q3 24 | $-0.04 | $1.77 | ||
| Q2 24 | $0.10 | $1.40 | ||
| Q1 24 | $-0.26 | $0.47 |
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 | $88.4M | $316.6M |
| 总债务越低越好 | $2.5B | $2.5B |
| 股东权益账面价值 | $1.9B | $3.1B |
| 总资产 | $6.4B | $7.9B |
| 负债/权益比越低杠杆越低 | 1.34× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资BTSGRPM
| Q4 25 | $88.4M | $316.6M | ||
| Q3 25 | $140.3M | $297.1M | ||
| Q2 25 | $70.1M | $302.1M | ||
| Q1 25 | $52.3M | $241.9M | ||
| Q4 24 | $61.3M | $268.7M | ||
| Q3 24 | $36.0M | $231.6M | ||
| Q2 24 | $25.0M | $237.4M | ||
| Q1 24 | $58.0M | $248.9M |
总债务BTSGRPM
| Q4 25 | $2.5B | $2.5B | ||
| Q3 25 | $2.5B | $2.7B | ||
| Q2 25 | $2.5B | $2.6B | ||
| Q1 25 | $2.5B | $2.1B | ||
| Q4 24 | $2.6B | $2.0B | ||
| Q3 24 | $2.7B | $2.0B | ||
| Q2 24 | $2.6B | $2.0B | ||
| Q1 24 | $2.6B | $2.2B |
股东权益BTSGRPM
| Q4 25 | $1.9B | $3.1B | ||
| Q3 25 | $1.8B | $3.1B | ||
| Q2 25 | $1.7B | $2.9B | ||
| Q1 25 | $1.7B | $2.7B | ||
| Q4 24 | $1.6B | $2.7B | ||
| Q3 24 | $1.6B | $2.6B | ||
| Q2 24 | $1.6B | $2.5B | ||
| Q1 24 | $1.6B | $2.3B |
总资产BTSGRPM
| Q4 25 | $6.4B | $7.9B | ||
| Q3 25 | $6.0B | $7.9B | ||
| Q2 25 | $5.9B | $7.8B | ||
| Q1 25 | $5.8B | $6.6B | ||
| Q4 24 | $5.9B | $6.7B | ||
| Q3 24 | $5.8B | $6.6B | ||
| Q2 24 | $5.6B | $6.6B | ||
| Q1 24 | $5.7B | $6.4B |
负债/权益比BTSGRPM
| Q4 25 | 1.34× | 0.80× | ||
| Q3 25 | 1.38× | 0.87× | ||
| Q2 25 | 1.45× | 0.91× | ||
| Q1 25 | 1.50× | 0.78× | ||
| Q4 24 | 1.58× | 0.74× | ||
| Q3 24 | 1.65× | 0.77× | ||
| Q2 24 | 1.63× | 0.79× | ||
| Q1 24 | 1.64× | 0.93× |
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 | $231.6M | $345.7M |
| 自由现金流经营现金流 - 资本支出 | $193.9M | $296.4M |
| 自由现金流率自由现金流/营收 | 5.5% | 15.5% |
| 资本支出强度资本支出/营收 | 1.1% | 2.6% |
| 现金转化率经营现金流/净利润 | 3.00× | 2.14× |
| 过去12个月自由现金流最近4个季度 | $394.7M | $582.9M |
8季度趋势，按日历期对齐
经营现金流BTSGRPM
| Q4 25 | $231.6M | $345.7M | ||
| Q3 25 | $107.9M | $237.5M | ||
| Q2 25 | $49.1M | $149.2M | ||
| Q1 25 | $101.6M | $91.5M | ||
| Q4 24 | $90.6M | $279.4M | ||
| Q3 24 | $27.2M | $248.1M | ||
| Q2 24 | $-15.2M | $181.2M | ||
| Q1 24 | $-78.9M | $173.4M |
自由现金流BTSGRPM
| Q4 25 | $193.9M | $296.4M | ||
| Q3 25 | $92.2M | $175.0M | ||
| Q2 25 | $24.7M | $78.2M | ||
| Q1 25 | $84.0M | $33.3M | ||
| Q4 24 | $75.3M | $229.5M | ||
| Q3 24 | $7.2M | $197.3M | ||
| Q2 24 | $-39.0M | $105.3M | ||
| Q1 24 | $-100.7M | $124.6M |
自由现金流率BTSGRPM
| Q4 25 | 5.5% | 15.5% | ||
| Q3 25 | 2.8% | 8.3% | ||
| Q2 25 | 0.8% | 3.8% | ||
| Q1 25 | 2.9% | 2.3% | ||
| Q4 24 | 2.5% | 12.4% | ||
| Q3 24 | 0.2% | 10.0% | ||
| Q2 24 | -1.4% | 5.2% | ||
| Q1 24 | -3.9% | 8.2% |
资本支出强度BTSGRPM
| Q4 25 | 1.1% | 2.6% | ||
| Q3 25 | 0.5% | 3.0% | ||
| Q2 25 | 0.8% | 3.4% | ||
| Q1 25 | 0.6% | 3.9% | ||
| Q4 24 | 0.5% | 2.7% | ||
| Q3 24 | 0.7% | 2.6% | ||
| Q2 24 | 0.9% | 3.8% | ||
| Q1 24 | 0.8% | 3.2% |
现金转化率BTSGRPM
| Q4 25 | 3.00× | 2.14× | ||
| Q3 25 | 1.93× | 1.04× | ||
| Q2 25 | 1.74× | 0.66× | ||
| Q1 25 | 3.44× | 1.76× | ||
| Q4 24 | 5.66× | 1.53× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | -0.76× | 1.00× | ||
| Q1 24 | — | 2.83× |
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
BTSG
| Medicare D | $1.1B | 32% |
| Commercial Insurance | $879.8M | 25% |
| Medicare C | $641.2M | 18% |
| Provider Services | $394.2M | 11% |
| Medicaid | $301.4M | 8% |
| Medicare A | $150.5M | 4% |
| Private And Other | $44.0M | 1% |
| Medicare B | $19.5M | 1% |
| Pharmacy Solutions And Provider Services Segments | $19.0M | 1% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
