vs
鲍德温（BWIN）与Rapid7, Inc.（RPD）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Rapid7, Inc.的1.6倍（$347.3M vs $217.4M），Rapid7, Inc.净利率更高（1.4% vs -7.5%，领先8.9%），鲍德温同比增速更快（5.3% vs 0.5%），Rapid7, Inc.自由现金流更多（$36.4M vs $-68.9M），过去两年Rapid7, Inc.的营收复合增速更高（3.0% 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。
Rapid7是全球领先的网络安全企业，提供漏洞管理、威胁检测与响应、云安全、安全分析等全系列安全解决方案，服务全球科技、医疗、金融、制造等行业的各类规模企业及公共部门客户，助力客户高效识别、应对和缓解网络安全风险。
BWIN vs RPD — 直观对比
营收规模更大
BWIN
是对方的1.6倍
$217.4M
营收增速更快
BWIN
高出4.7%
0.5%
净利率更高
RPD
高出8.9%
-7.5%
自由现金流更多
RPD
多$105.4M
$-68.9M
两年增速更快
RPD
近两年复合增速
-4.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $347.3M | $217.4M |
| 净利润 | $-25.9M | $3.1M |
| 毛利率 | — | 68.9% |
| 营业利润率 | -3.8% | 1.0% |
| 净利率 | -7.5% | 1.4% |
| 营收同比 | 5.3% | 0.5% |
| 净利润同比 | -28.3% | 44.1% |
| 每股收益（稀释后） | $-0.38 | $0.05 |
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BWINRPD
| Q4 25 | $347.3M | $217.4M | ||
| Q3 25 | $365.4M | $218.0M | ||
| Q2 25 | $378.8M | $214.2M | ||
| Q1 25 | $413.4M | $210.3M | ||
| Q4 24 | $329.9M | $216.3M | ||
| Q3 24 | $338.9M | $214.7M | ||
| Q2 24 | $339.8M | $208.0M | ||
| Q1 24 | $380.4M | $205.1M |
净利润BWINRPD
| Q4 25 | $-25.9M | $3.1M | ||
| Q3 25 | $-18.7M | $9.8M | ||
| Q2 25 | $-3.2M | $8.3M | ||
| Q1 25 | $13.9M | $2.1M | ||
| Q4 24 | $-20.2M | $2.2M | ||
| Q3 24 | $-8.4M | $15.4M | ||
| Q2 24 | $-17.6M | $6.5M | ||
| Q1 24 | $21.6M | $1.4M |
毛利率BWINRPD
| Q4 25 | — | 68.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.6% | ||
| Q1 25 | — | 71.7% | ||
| Q4 24 | — | 69.5% | ||
| Q3 24 | — | 70.6% | ||
| Q2 24 | — | 70.7% | ||
| Q1 24 | — | 70.3% |
营业利润率BWINRPD
| Q4 25 | -3.8% | 1.0% | ||
| Q3 25 | 0.9% | 2.7% | ||
| Q2 25 | 7.4% | 1.6% | ||
| Q1 25 | 13.6% | -0.0% | ||
| Q4 24 | -1.7% | 3.4% | ||
| Q3 24 | 4.5% | 6.0% | ||
| Q2 24 | 4.8% | 2.5% | ||
| Q1 24 | 9.0% | 4.7% |
净利率BWINRPD
| Q4 25 | -7.5% | 1.4% | ||
| Q3 25 | -5.1% | 4.5% | ||
| Q2 25 | -0.8% | 3.9% | ||
| Q1 25 | 3.4% | 1.0% | ||
| Q4 24 | -6.2% | 1.0% | ||
| Q3 24 | -2.5% | 7.2% | ||
| Q2 24 | -5.2% | 3.1% | ||
| Q1 24 | 5.7% | 0.7% |
每股收益（稀释后）BWINRPD
| Q4 25 | $-0.38 | $0.05 | ||
| Q3 25 | $-0.27 | $0.15 | ||
| Q2 25 | $-0.05 | $0.13 | ||
| Q1 25 | $0.20 | $0.03 | ||
| Q4 24 | $-0.31 | $0.08 | ||
| Q3 24 | $-0.13 | $0.21 | ||
| Q2 24 | $-0.28 | $0.09 | ||
| Q1 24 | $0.33 | $0.02 |
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 | $474.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $600.2M | $154.7M |
| 总资产 | $3.9B | $1.7B |
| 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BWINRPD
| Q4 25 | $123.7M | $474.7M | ||
| Q3 25 | $89.7M | $407.1M | ||
| Q2 25 | $105.7M | $511.7M | ||
| Q1 25 | $81.8M | $493.5M | ||
| Q4 24 | $90.0M | $521.7M | ||
| Q3 24 | $181.8M | $443.7M | ||
| Q2 24 | $208.3M | $442.6M | ||
| Q1 24 | $112.1M | $411.7M |
股东权益BWINRPD
| Q4 25 | $600.2M | $154.7M | ||
| Q3 25 | $619.7M | $127.2M | ||
| Q2 25 | $630.8M | $90.4M | ||
| Q1 25 | $619.6M | $52.7M | ||
| Q4 24 | $583.2M | $17.7M | ||
| Q3 24 | $595.4M | $-5.1M | ||
| Q2 24 | $590.9M | $-52.6M | ||
| Q1 24 | $597.9M | $-86.4M |
总资产BWINRPD
| Q4 25 | $3.9B | $1.7B | ||
| Q3 25 | $3.8B | $1.7B | ||
| Q2 25 | $3.7B | $1.6B | ||
| Q1 25 | $3.5B | $1.6B | ||
| Q4 24 | $3.5B | $1.7B | ||
| Q3 24 | $3.5B | $1.6B | ||
| Q2 24 | $3.7B | $1.5B | ||
| Q1 24 | $3.5B | $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 | $37.6M |
| 自由现金流经营现金流 - 资本支出 | $-68.9M | $36.4M |
| 自由现金流率自由现金流/营收 | -19.9% | 16.8% |
| 资本支出强度资本支出/营收 | 11.4% | 0.5% |
| 现金转化率经营现金流/净利润 | — | 12.01× |
| 过去12个月自由现金流最近4个季度 | $-137.8M | $146.2M |
8季度趋势，按日历期对齐
经营现金流BWINRPD
| Q4 25 | $-29.4M | $37.6M | ||
| Q3 25 | $41.0M | $39.0M | ||
| Q2 25 | $-16.7M | $47.5M | ||
| Q1 25 | $-64.0M | $29.8M | ||
| Q4 24 | $51.5M | $63.8M | ||
| Q3 24 | $32.4M | $44.0M | ||
| Q2 24 | $18.3M | $32.9M | ||
| Q1 24 | $3.0M | $31.1M |
自由现金流BWINRPD
| Q4 25 | $-68.9M | $36.4M | ||
| Q3 25 | $32.2M | $34.8M | ||
| Q2 25 | $-28.1M | $46.6M | ||
| Q1 25 | $-72.9M | $28.4M | ||
| Q4 24 | $10.4M | $62.6M | ||
| Q3 24 | $22.2M | $42.6M | ||
| Q2 24 | $7.8M | $32.6M | ||
| Q1 24 | $-5.1M | $30.4M |
自由现金流率BWINRPD
| Q4 25 | -19.9% | 16.8% | ||
| Q3 25 | 8.8% | 16.0% | ||
| Q2 25 | -7.4% | 21.8% | ||
| Q1 25 | -17.6% | 13.5% | ||
| Q4 24 | 3.2% | 28.9% | ||
| Q3 24 | 6.6% | 19.9% | ||
| Q2 24 | 2.3% | 15.7% | ||
| Q1 24 | -1.4% | 14.8% |
资本支出强度BWINRPD
| Q4 25 | 11.4% | 0.5% | ||
| Q3 25 | 2.4% | 1.9% | ||
| Q2 25 | 3.0% | 0.4% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 12.4% | 0.5% | ||
| Q3 24 | 3.0% | 0.6% | ||
| Q2 24 | 3.1% | 0.1% | ||
| Q1 24 | 2.1% | 0.3% |
现金转化率BWINRPD
| Q4 25 | — | 12.01× | ||
| Q3 25 | — | 3.97× | ||
| Q2 25 | — | 5.70× | ||
| Q1 25 | -4.59× | 14.14× | ||
| Q4 24 | — | 29.36× | ||
| Q3 24 | — | 2.85× | ||
| Q2 24 | — | 5.03× | ||
| Q1 24 | 0.14× | 22.10× |
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% |
RPD
| Products | $209.1M | 96% |
| Services | $8.2M | 4% |
