vs
鲍德温（BWIN）与ROGERS CORP（ROG）财务数据对比。点击上方公司名可切换其他公司
鲍德温的季度营收约是ROGERS CORP的1.7倍（$347.3M vs $200.5M），ROGERS CORP净利率更高（2.2% vs -7.5%，领先9.7%），鲍德温同比增速更快（5.3% vs 5.2%），ROGERS CORP自由现金流更多（$1.1M vs $-68.9M），过去两年ROGERS CORP的营收复合增速更高（-3.3% vs -4.4%）
鲍德温钢琴是美国知名钢琴品牌，曾是美国最大的键盘乐器制造商，主打 slogan 为「美国人最喜爱的钢琴」。2001年起成为吉普森品牌旗下子公司，2008年12月停止美国本土生产，将钢琴制造生产线迁至中国。
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
BWIN vs ROG — 直观对比
营收规模更大
BWIN
是对方的1.7倍
$200.5M
营收增速更快
BWIN
高出0.0%
5.2%
净利率更高
ROG
高出9.7%
-7.5%
自由现金流更多
ROG
多$70.0M
$-68.9M
两年增速更快
ROG
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $200.5M |
| 净利润 | $-25.9M | $4.5M |
| 毛利率 | — | 32.2% |
| 营业利润率 | -3.8% | — |
| 净利率 | -7.5% | 2.2% |
| 营收同比 | 5.3% | 5.2% |
| 净利润同比 | -28.3% | 421.4% |
| 每股收益（稀释后） | $-0.38 | $0.25 |
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BWINROG
| Q1 26 | — | $200.5M | ||
| Q4 25 | $347.3M | $201.5M | ||
| Q3 25 | $365.4M | $216.0M | ||
| Q2 25 | $378.8M | $202.8M | ||
| Q1 25 | $413.4M | $190.5M | ||
| Q4 24 | $329.9M | $192.2M | ||
| Q3 24 | $338.9M | $210.3M | ||
| Q2 24 | $339.8M | $214.2M |
净利润BWINROG
| Q1 26 | — | $4.5M | ||
| Q4 25 | $-25.9M | $4.6M | ||
| Q3 25 | $-18.7M | $8.6M | ||
| Q2 25 | $-3.2M | $-73.6M | ||
| Q1 25 | $13.9M | $-1.4M | ||
| Q4 24 | $-20.2M | $-500.0K | ||
| Q3 24 | $-8.4M | $10.7M | ||
| Q2 24 | $-17.6M | $8.1M |
毛利率BWINROG
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
营业利润率BWINROG
| Q1 26 | — | — | ||
| Q4 25 | -3.8% | 3.5% | ||
| Q3 25 | 0.9% | 7.3% | ||
| Q2 25 | 7.4% | -33.3% | ||
| Q1 25 | 13.6% | -0.2% | ||
| Q4 24 | -1.7% | -6.6% | ||
| Q3 24 | 4.5% | 6.9% | ||
| Q2 24 | 4.8% | 5.3% |
净利率BWINROG
| Q1 26 | — | 2.2% | ||
| Q4 25 | -7.5% | 2.3% | ||
| Q3 25 | -5.1% | 4.0% | ||
| Q2 25 | -0.8% | -36.3% | ||
| Q1 25 | 3.4% | -0.7% | ||
| Q4 24 | -6.2% | -0.3% | ||
| Q3 24 | -2.5% | 5.1% | ||
| Q2 24 | -5.2% | 3.8% |
每股收益（稀释后）BWINROG
| Q1 26 | — | $0.25 | ||
| Q4 25 | $-0.38 | $0.20 | ||
| Q3 25 | $-0.27 | $0.48 | ||
| Q2 25 | $-0.05 | $-4.00 | ||
| Q1 25 | $0.20 | $-0.08 | ||
| Q4 24 | $-0.31 | $-0.04 | ||
| Q3 24 | $-0.13 | $0.58 | ||
| Q2 24 | $-0.28 | $0.44 |
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 | $123.7M | $195.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $600.2M | $1.2B |
| 总资产 | $3.9B | $1.4B |
| 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BWINROG
| Q1 26 | — | $195.8M | ||
| Q4 25 | $123.7M | $197.0M | ||
| Q3 25 | $89.7M | $167.8M | ||
| Q2 25 | $105.7M | $157.2M | ||
| Q1 25 | $81.8M | $175.6M | ||
| Q4 24 | $90.0M | $159.8M | ||
| Q3 24 | $181.8M | $146.4M | ||
| Q2 24 | $208.3M | $119.9M |
股东权益BWINROG
| Q1 26 | — | $1.2B | ||
| Q4 25 | $600.2M | $1.2B | ||
| Q3 25 | $619.7M | $1.2B | ||
| Q2 25 | $630.8M | $1.2B | ||
| Q1 25 | $619.6M | $1.3B | ||
| Q4 24 | $583.2M | $1.3B | ||
| Q3 24 | $595.4M | $1.3B | ||
| Q2 24 | $590.9M | $1.3B |
总资产BWINROG
| Q1 26 | — | $1.4B | ||
| Q4 25 | $3.9B | $1.4B | ||
| Q3 25 | $3.8B | $1.4B | ||
| Q2 25 | $3.7B | $1.5B | ||
| Q1 25 | $3.5B | $1.5B | ||
| Q4 24 | $3.5B | $1.5B | ||
| Q3 24 | $3.5B | $1.5B | ||
| Q2 24 | $3.7B | $1.5B |
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 | $-29.4M | $5.8M |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | $1.1M |
| 自由现金流率自由现金流/营收 | -19.9% | 0.5% |
| 资本支出强度资本支出/营收 | 11.4% | 2.3% |
| 现金转化率经营现金流/净利润 | — | 1.29× |
| 过去12个月自由现金流最近4个季度 | $-137.8M | $70.1M |
8季度趋势，按日历期对齐
经营现金流BWINROG
| Q1 26 | — | $5.8M | ||
| Q4 25 | $-29.4M | $46.9M | ||
| Q3 25 | $41.0M | $28.9M | ||
| Q2 25 | $-16.7M | $13.7M | ||
| Q1 25 | $-64.0M | $11.7M | ||
| Q4 24 | $51.5M | $33.7M | ||
| Q3 24 | $32.4M | $42.4M | ||
| Q2 24 | $18.3M | $22.9M |
自由现金流BWINROG
| Q1 26 | — | $1.1M | ||
| Q4 25 | $-68.9M | $42.2M | ||
| Q3 25 | $32.2M | $21.2M | ||
| Q2 25 | $-28.1M | $5.6M | ||
| Q1 25 | $-72.9M | $2.1M | ||
| Q4 24 | $10.4M | $18.3M | ||
| Q3 24 | $22.2M | $25.2M | ||
| Q2 24 | $7.8M | $8.8M |
自由现金流率BWINROG
| Q1 26 | — | 0.5% | ||
| Q4 25 | -19.9% | 20.9% | ||
| Q3 25 | 8.8% | 9.8% | ||
| Q2 25 | -7.4% | 2.8% | ||
| Q1 25 | -17.6% | 1.1% | ||
| Q4 24 | 3.2% | 9.5% | ||
| Q3 24 | 6.6% | 12.0% | ||
| Q2 24 | 2.3% | 4.1% |
资本支出强度BWINROG
| Q1 26 | — | 2.3% | ||
| Q4 25 | 11.4% | 2.3% | ||
| Q3 25 | 2.4% | 3.6% | ||
| Q2 25 | 3.0% | 4.0% | ||
| Q1 25 | 2.2% | 5.0% | ||
| Q4 24 | 12.4% | 8.0% | ||
| Q3 24 | 3.0% | 8.2% | ||
| Q2 24 | 3.1% | 6.6% |
现金转化率BWINROG
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | — | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.59× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 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
BWIN
| Insurance Advisory Solutions | $157.9M | 45% |
| Underwriting Capacity Technology Solutions | $129.5M | 37% |
| Consultingand Service Fee Revenue | $20.9M | 6% |
| Policy Feeand Installment Fee Revenue | $20.4M | 6% |
| Other | $7.3M | 2% |
| Earned Premium | $6.9M | 2% |
| Other Insurance Product Line | $4.4M | 1% |
ROG
暂无分部数据
