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BlueLinx Holdings Inc.（BXC）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
BlueLinx Holdings Inc.的季度营收约是RBC Bearings INC的1.6倍（$748.9M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 0.2%，领先14.4%），RBC Bearings INC同比增速更快（17.0% vs 0.2%），RBC Bearings INC自由现金流更多（$99.1M vs $52.7M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 2.5%）
BlueLinx Holdings Inc.是美国经营建材与工业产品的批发分销商，总部位于佐治亚州亚特兰大，目前由Shyam Reddy担任公司总裁兼首席执行官，在美国本土相关分销领域开展业务
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
BXC vs RBC — 直观对比
营收规模更大
BXC
是对方的1.6倍
$461.6M
营收增速更快
RBC
高出16.8%
0.2%
净利率更高
RBC
高出14.4%
0.2%
自由现金流更多
RBC
多$46.4M
$52.7M
两年增速更快
RBC
近两年复合增速
2.5%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $748.9M | $461.6M |
| 净利润 | $1.7M | $67.4M |
| 毛利率 | 14.4% | 44.3% |
| 营业利润率 | 1.3% | 22.3% |
| 净利率 | 0.2% | 14.6% |
| 营收同比 | 0.2% | 17.0% |
| 净利润同比 | -89.7% | 16.4% |
| 每股收益（稀释后） | $0.20 | $2.13 |
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BXCRBC
| Q4 25 | — | $461.6M | ||
| Q3 25 | $748.9M | $455.3M | ||
| Q2 25 | $780.1M | $436.0M | ||
| Q1 25 | $709.2M | $437.7M | ||
| Q4 24 | $710.6M | $394.4M | ||
| Q3 24 | $747.3M | $397.9M | ||
| Q2 24 | $768.4M | $406.3M | ||
| Q1 24 | $726.2M | $413.7M |
净利润BXCRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $1.7M | $60.0M | ||
| Q2 25 | $4.3M | $68.5M | ||
| Q1 25 | $2.8M | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $16.0M | $54.2M | ||
| Q2 24 | $14.3M | $61.4M | ||
| Q1 24 | $17.5M | — |
毛利率BXCRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | 14.4% | 44.1% | ||
| Q2 25 | 15.3% | 44.8% | ||
| Q1 25 | 15.7% | 44.2% | ||
| Q4 24 | 15.9% | 44.3% | ||
| Q3 24 | 16.8% | 43.7% | ||
| Q2 24 | 15.9% | 45.3% | ||
| Q1 24 | 17.6% | 43.1% |
营业利润率BXCRBC
| Q4 25 | — | 22.3% | ||
| Q3 25 | 1.3% | 21.5% | ||
| Q2 25 | 1.9% | 23.2% | ||
| Q1 25 | 1.5% | 23.0% | ||
| Q4 24 | 1.7% | 21.7% | ||
| Q3 24 | 3.2% | 21.6% | ||
| Q2 24 | 3.1% | 24.0% | ||
| Q1 24 | 3.8% | 22.8% |
净利率BXCRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | 0.2% | 13.2% | ||
| Q2 25 | 0.6% | 15.7% | ||
| Q1 25 | 0.4% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 2.1% | 13.6% | ||
| Q2 24 | 1.9% | 15.1% | ||
| Q1 24 | 2.4% | — |
每股收益（稀释后）BXCRBC
| Q4 25 | — | $2.13 | ||
| Q3 25 | $0.20 | $1.90 | ||
| Q2 25 | $0.54 | $2.17 | ||
| Q1 25 | $0.33 | $2.33 | ||
| Q4 24 | $0.67 | $1.82 | ||
| Q3 24 | $1.87 | $1.65 | ||
| Q2 24 | $1.65 | $1.90 | ||
| Q1 24 | $2.00 | $1.92 |
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 | $429.4M | $107.6M |
| 总债务越低越好 | $598.5M | $990.2M |
| 股东权益账面价值 | $623.0M | $3.3B |
| 总资产 | $1.6B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.96× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资BXCRBC
| Q4 25 | — | $107.6M | ||
| Q3 25 | $429.4M | $91.2M | ||
| Q2 25 | $386.8M | $132.9M | ||
| Q1 25 | $449.0M | $36.8M | ||
| Q4 24 | $505.6M | — | ||
| Q3 24 | $526.3M | — | ||
| Q2 24 | $491.4M | $76.8M | ||
| Q1 24 | $481.3M | $63.5M |
总债务BXCRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | $598.5M | $1.1B | ||
| Q2 25 | $596.4M | $915.6M | ||
| Q1 25 | $596.6M | $920.1M | ||
| Q4 24 | $575.1M | — | ||
| Q3 24 | $576.0M | — | ||
| Q2 24 | $574.6M | — | ||
| Q1 24 | $574.0M | $1.2B |
股东权益BXCRBC
| Q4 25 | — | $3.3B | ||
| Q3 25 | $623.0M | $3.2B | ||
| Q2 25 | $621.3M | $3.1B | ||
| Q1 25 | $636.1M | $3.0B | ||
| Q4 24 | $646.4M | $2.9B | ||
| Q3 24 | $655.6M | $2.9B | ||
| Q2 24 | $652.3M | $2.8B | ||
| Q1 24 | $653.2M | $2.8B |
总资产BXCRBC
| Q4 25 | — | $5.1B | ||
| Q3 25 | $1.6B | $5.1B | ||
| Q2 25 | $1.6B | $4.8B | ||
| Q1 25 | $1.6B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.6B | $4.7B |
负债/权益比BXCRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 0.96× | 0.34× | ||
| Q2 25 | 0.96× | 0.29× | ||
| Q1 25 | 0.94× | 0.30× | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.88× | — | ||
| Q2 24 | 0.88× | — | ||
| Q1 24 | 0.88× | 0.43× |
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 | $58.6M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $52.7M | $99.1M |
| 自由现金流率自由现金流/营收 | 7.0% | 21.5% |
| 资本支出强度资本支出/营收 | 0.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 35.42× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-25.1M | — |
8季度趋势，按日历期对齐
经营现金流BXCRBC
| Q4 25 | — | $122.1M | ||
| Q3 25 | $58.6M | $88.4M | ||
| Q2 25 | $-26.8M | $120.0M | ||
| Q1 25 | $-33.9M | — | ||
| Q4 24 | $18.7M | $84.0M | ||
| Q3 24 | $61.8M | — | ||
| Q2 24 | $35.8M | $97.4M | ||
| Q1 24 | $-31.1M | — |
自由现金流BXCRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | $52.7M | $71.7M | ||
| Q2 25 | $-36.4M | $104.3M | ||
| Q1 25 | $-39.8M | — | ||
| Q4 24 | $-1.5M | $73.6M | ||
| Q3 24 | $53.8M | — | ||
| Q2 24 | $29.3M | $88.4M | ||
| Q1 24 | $-36.6M | — |
自由现金流率BXCRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | 7.0% | 15.7% | ||
| Q2 25 | -4.7% | 23.9% | ||
| Q1 25 | -5.6% | — | ||
| Q4 24 | -0.2% | 18.7% | ||
| Q3 24 | 7.2% | — | ||
| Q2 24 | 3.8% | 21.8% | ||
| Q1 24 | -5.0% | — |
资本支出强度BXCRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | 0.8% | 3.7% | ||
| Q2 25 | 1.2% | 3.6% | ||
| Q1 25 | 0.8% | 3.2% | ||
| Q4 24 | 2.9% | 2.6% | ||
| Q3 24 | 1.1% | 4.1% | ||
| Q2 24 | 0.8% | 2.2% | ||
| Q1 24 | 0.8% | — |
现金转化率BXCRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 35.42× | 1.47× | ||
| Q2 25 | -6.21× | 1.75× | ||
| Q1 25 | -12.09× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 3.86× | — | ||
| Q2 24 | 2.50× | 1.59× | ||
| Q1 24 | -1.78× | — |
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
BXC
| Specialty Products | $525.5M | 70% |
| Structural Products | $223.4M | 30% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
