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CREDIT ACCEPTANCE CORP（CACC）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
CREDIT ACCEPTANCE CORP的季度营收约是RBC Bearings INC的1.3倍（$579.9M vs $461.6M），CREDIT ACCEPTANCE CORP净利率更高（21.0% vs 14.6%，领先6.4%），RBC Bearings INC同比增速更快（17.0% vs 2.5%），CREDIT ACCEPTANCE CORP自由现金流更多（$268.9M vs $99.1M），过去两年CREDIT ACCEPTANCE CORP的营收复合增速更高（6.8% vs 5.6%）
Credit Acceptance是一家汽车金融服务提供商，主要提供汽车贷款及相关金融产品。公司通过覆盖全国的合作汽车经销商网络开展业务，设有“投资组合计划”和“采购计划”两大业务项目，可向汽车经销商提供资金，以此换取对应消费者贷款的后续服务权利。
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。
CACC vs RBC — 直观对比
营收规模更大
CACC
是对方的1.3倍
$461.6M
营收增速更快
RBC
高出14.6%
2.5%
净利率更高
CACC
高出6.4%
14.6%
自由现金流更多
CACC
多$169.8M
$99.1M
两年增速更快
CACC
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $579.9M | $461.6M |
| 净利润 | $122.0M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 27.1% | 22.3% |
| 净利率 | 21.0% | 14.6% |
| 营收同比 | 2.5% | 17.0% |
| 净利润同比 | -19.7% | 16.4% |
| 每股收益（稀释后） | $10.87 | $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CACCRBC
| Q4 25 | $579.9M | $461.6M | ||
| Q3 25 | $582.4M | $455.3M | ||
| Q2 25 | $583.8M | $436.0M | ||
| Q1 25 | $571.1M | $437.7M | ||
| Q4 24 | $565.9M | $394.4M | ||
| Q3 24 | $550.3M | $397.9M | ||
| Q2 24 | $538.2M | $406.3M | ||
| Q1 24 | $508.0M | $413.7M |
净利润CACCRBC
| Q4 25 | $122.0M | $67.4M | ||
| Q3 25 | $108.2M | $60.0M | ||
| Q2 25 | $87.4M | $68.5M | ||
| Q1 25 | $106.3M | $72.7M | ||
| Q4 24 | $151.9M | $57.9M | ||
| Q3 24 | $78.8M | $54.2M | ||
| Q2 24 | $-47.1M | $61.4M | ||
| Q1 24 | $64.3M | — |
毛利率CACCRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率CACCRBC
| Q4 25 | 27.1% | 22.3% | ||
| Q3 25 | 25.6% | 21.5% | ||
| Q2 25 | 20.2% | 23.2% | ||
| Q1 25 | 24.8% | 23.0% | ||
| Q4 24 | 33.9% | 21.7% | ||
| Q3 24 | 19.4% | 21.6% | ||
| Q2 24 | -10.3% | 24.0% | ||
| Q1 24 | 17.0% | 22.8% |
净利率CACCRBC
| Q4 25 | 21.0% | 14.6% | ||
| Q3 25 | 18.6% | 13.2% | ||
| Q2 25 | 15.0% | 15.7% | ||
| Q1 25 | 18.6% | 16.6% | ||
| Q4 24 | 26.8% | 14.7% | ||
| Q3 24 | 14.3% | 13.6% | ||
| Q2 24 | -8.8% | 15.1% | ||
| Q1 24 | 12.7% | — |
每股收益（稀释后）CACCRBC
| Q4 25 | $10.87 | $2.13 | ||
| Q3 25 | $9.43 | $1.90 | ||
| Q2 25 | $7.42 | $2.17 | ||
| Q1 25 | $8.66 | $2.33 | ||
| Q4 24 | $12.28 | $1.82 | ||
| Q3 24 | $6.35 | $1.65 | ||
| Q2 24 | $-3.83 | $1.90 | ||
| Q1 24 | $5.08 | $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 | $22.8M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.5B | $3.3B |
| 总资产 | $8.6B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资CACCRBC
| Q4 25 | $22.8M | $107.6M | ||
| Q3 25 | $15.9M | $91.2M | ||
| Q2 25 | $70.0M | $132.9M | ||
| Q1 25 | $528.8M | $36.8M | ||
| Q4 24 | $343.7M | — | ||
| Q3 24 | $159.7M | — | ||
| Q2 24 | $8.3M | $76.8M | ||
| Q1 24 | $8.4M | $63.5M |
总债务CACCRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益CACCRBC
| Q4 25 | $1.5B | $3.3B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.6B | $3.1B | ||
| Q1 25 | $1.7B | $3.0B | ||
| Q4 24 | $1.7B | $2.9B | ||
| Q3 24 | $1.6B | $2.9B | ||
| Q2 24 | $1.6B | $2.8B | ||
| Q1 24 | $1.7B | $2.8B |
总资产CACCRBC
| Q4 25 | $8.6B | $5.1B | ||
| Q3 25 | $8.6B | $5.1B | ||
| Q2 25 | $8.7B | $4.8B | ||
| Q1 25 | $9.3B | $4.7B | ||
| Q4 24 | $8.9B | $4.7B | ||
| Q3 24 | $8.7B | $4.7B | ||
| Q2 24 | $8.3B | $4.7B | ||
| Q1 24 | $8.1B | $4.7B |
负债/权益比CACCRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | $269.3M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $268.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 46.4% | 21.5% |
| 资本支出强度资本支出/营收 | 0.1% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.21× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $1.1B | — |
8季度趋势，按日历期对齐
经营现金流CACCRBC
| Q4 25 | $269.3M | $122.1M | ||
| Q3 25 | $299.4M | $88.4M | ||
| Q2 25 | $139.7M | $120.0M | ||
| Q1 25 | $346.2M | — | ||
| Q4 24 | $306.2M | $84.0M | ||
| Q3 24 | $317.7M | — | ||
| Q2 24 | $204.0M | $97.4M | ||
| Q1 24 | $310.0M | — |
自由现金流CACCRBC
| Q4 25 | $268.9M | $99.1M | ||
| Q3 25 | $298.8M | $71.7M | ||
| Q2 25 | $139.4M | $104.3M | ||
| Q1 25 | $345.9M | — | ||
| Q4 24 | $305.5M | $73.6M | ||
| Q3 24 | $317.3M | — | ||
| Q2 24 | $203.6M | $88.4M | ||
| Q1 24 | $309.7M | — |
自由现金流率CACCRBC
| Q4 25 | 46.4% | 21.5% | ||
| Q3 25 | 51.3% | 15.7% | ||
| Q2 25 | 23.9% | 23.9% | ||
| Q1 25 | 60.6% | — | ||
| Q4 24 | 54.0% | 18.7% | ||
| Q3 24 | 57.7% | — | ||
| Q2 24 | 37.8% | 21.8% | ||
| Q1 24 | 61.0% | — |
资本支出强度CACCRBC
| Q4 25 | 0.1% | 5.0% | ||
| Q3 25 | 0.1% | 3.7% | ||
| Q2 25 | 0.1% | 3.6% | ||
| Q1 25 | 0.1% | 3.2% | ||
| Q4 24 | 0.1% | 2.6% | ||
| Q3 24 | 0.1% | 4.1% | ||
| Q2 24 | 0.1% | 2.2% | ||
| Q1 24 | 0.1% | — |
现金转化率CACCRBC
| Q4 25 | 2.21× | 1.81× | ||
| Q3 25 | 2.77× | 1.47× | ||
| Q2 25 | 1.60× | 1.75× | ||
| Q1 25 | 3.26× | — | ||
| Q4 24 | 2.02× | 1.45× | ||
| Q3 24 | 4.03× | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | 4.82× | — |
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
CACC
| Loans Receivable | $553.0M | 95% |
| Other | $26.9M | 5% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
