vs
基华物流（CEVA）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是基华物流的1.8倍（$57.1M vs $31.3M），REGIS CORP净利率更高（0.8% vs -3.5%，领先4.3%），REGIS CORP同比增速更快（22.3% vs 7.1%），基华物流自由现金流更多（$7.2M vs $891.0K），过去两年基华物流的营收复合增速更高（19.1% vs 7.8%）
赛物流是一家全球物流与供应链企业，提供货运管理以及合约物流服务，2019年被达飞海运集团收购。收购完成后，达飞集团陆续将英格迈微商务生命周期服务、GEFCO等多家物流运输企业并入赛物流，助力其业务发展与规模扩张。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
CEVA vs RGS — 直观对比
营收规模更大
RGS
是对方的1.8倍
$31.3M
营收增速更快
RGS
高出15.2%
7.1%
净利率更高
RGS
高出4.3%
-3.5%
自由现金流更多
CEVA
多$6.3M
$891.0K
两年增速更快
CEVA
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $31.3M | $57.1M |
| 净利润 | $-1.1M | $456.0K |
| 毛利率 | 88.1% | — |
| 营业利润率 | -1.3% | 10.8% |
| 净利率 | -3.5% | 0.8% |
| 营收同比 | 7.1% | 22.3% |
| 净利润同比 | 36.8% | -94.0% |
| 每股收益（稀释后） | — | $0.16 |
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CEVARGS
| Q4 25 | $31.3M | $57.1M | ||
| Q3 25 | $28.4M | $59.0M | ||
| Q2 25 | $25.7M | $60.4M | ||
| Q1 25 | $24.2M | $57.0M | ||
| Q4 24 | $29.2M | $46.7M | ||
| Q3 24 | $27.2M | $46.1M | ||
| Q2 24 | $28.4M | $49.4M | ||
| Q1 24 | $22.1M | $49.2M |
净利润CEVARGS
| Q4 25 | $-1.1M | $456.0K | ||
| Q3 25 | $-2.5M | $1.4M | ||
| Q2 25 | $-3.7M | $116.5M | ||
| Q1 25 | $-3.3M | $250.0K | ||
| Q4 24 | $-1.7M | $7.6M | ||
| Q3 24 | $-1.3M | $-853.0K | ||
| Q2 24 | $-291.0K | $91.2M | ||
| Q1 24 | $-5.4M | $-2.3M |
毛利率CEVARGS
| Q4 25 | 88.1% | — | ||
| Q3 25 | 88.0% | — | ||
| Q2 25 | 86.2% | — | ||
| Q1 25 | 85.6% | — | ||
| Q4 24 | 88.5% | — | ||
| Q3 24 | 85.4% | — | ||
| Q2 24 | 89.7% | — | ||
| Q1 24 | 88.7% | — |
营业利润率CEVARGS
| Q4 25 | -1.3% | 10.8% | ||
| Q3 25 | -7.3% | 10.0% | ||
| Q2 25 | -17.5% | 12.1% | ||
| Q1 25 | -18.1% | 8.8% | ||
| Q4 24 | 0.3% | 11.8% | ||
| Q3 24 | -9.6% | 4.6% | ||
| Q2 24 | -0.1% | — | ||
| Q1 24 | -22.5% | 8.3% |
净利率CEVARGS
| Q4 25 | -3.5% | 0.8% | ||
| Q3 25 | -8.8% | 2.3% | ||
| Q2 25 | -14.4% | 192.9% | ||
| Q1 25 | -13.7% | 0.4% | ||
| Q4 24 | -5.9% | 16.4% | ||
| Q3 24 | -4.8% | -1.9% | ||
| Q2 24 | -1.0% | 184.7% | ||
| Q1 24 | -24.7% | -4.7% |
每股收益（稀释后）CEVARGS
| Q4 25 | — | $0.16 | ||
| Q3 25 | — | $0.49 | ||
| Q2 25 | — | $43.67 | ||
| Q1 25 | — | $0.08 | ||
| Q4 24 | — | $2.71 | ||
| Q3 24 | — | $-0.36 | ||
| Q2 24 | — | $38.40 | ||
| Q1 24 | — | $-1.00 |
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 | $40.6M | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $336.5M | $188.7M |
| 总资产 | $388.3M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资CEVARGS
| Q4 25 | $40.6M | $18.4M | ||
| Q3 25 | $17.3M | $16.6M | ||
| Q2 25 | $29.1M | $17.0M | ||
| Q1 25 | $18.8M | $13.3M | ||
| Q4 24 | $18.8M | $10.2M | ||
| Q3 24 | $13.2M | $6.3M | ||
| Q2 24 | $25.0M | $10.1M | ||
| Q1 24 | $21.6M | $5.9M |
总债务CEVARGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益CEVARGS
| Q4 25 | $336.5M | $188.7M | ||
| Q3 25 | $268.7M | $187.6M | ||
| Q2 25 | $265.9M | $185.6M | ||
| Q1 25 | $269.1M | $68.6M | ||
| Q4 24 | $266.6M | $66.7M | ||
| Q3 24 | $265.8M | $56.4M | ||
| Q2 24 | $263.8M | $56.8M | ||
| Q1 24 | $262.3M | $-35.8M |
总资产CEVARGS
| Q4 25 | $388.3M | $588.3M | ||
| Q3 25 | $306.0M | $592.1M | ||
| Q2 25 | $302.8M | $599.0M | ||
| Q1 25 | $310.0M | $511.2M | ||
| Q4 24 | $308.9M | $530.1M | ||
| Q3 24 | $304.9M | $508.9M | ||
| Q2 24 | $300.4M | $530.5M | ||
| Q1 24 | $301.4M | $543.7M |
负债/权益比CEVARGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $8.7M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $7.2M | $891.0K |
| 自由现金流率自由现金流/营收 | 23.1% | 1.6% |
| 资本支出强度资本支出/营收 | 4.8% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | $-6.3M | $14.9M |
8季度趋势，按日历期对齐
经营现金流CEVARGS
| Q4 25 | $8.7M | $1.7M | ||
| Q3 25 | $-5.9M | $2.3M | ||
| Q2 25 | $1.2M | $6.8M | ||
| Q1 25 | $-7.4M | $6.2M | ||
| Q4 24 | $8.0M | $2.1M | ||
| Q3 24 | $399.0K | $-1.3M | ||
| Q2 24 | $2.4M | $5.1M | ||
| Q1 24 | $-7.3M | $-277.0K |
自由现金流CEVARGS
| Q4 25 | $7.2M | $891.0K | ||
| Q3 25 | $-6.3M | $1.9M | ||
| Q2 25 | $492.0K | $6.2M | ||
| Q1 25 | $-7.7M | $5.9M | ||
| Q4 24 | $7.0M | $1.7M | ||
| Q3 24 | $-15.0K | $-1.4M | ||
| Q2 24 | $1.8M | $5.1M | ||
| Q1 24 | $-8.3M | $-326.0K |
自由现金流率CEVARGS
| Q4 25 | 23.1% | 1.6% | ||
| Q3 25 | -22.1% | 3.2% | ||
| Q2 25 | 1.9% | 10.3% | ||
| Q1 25 | -31.8% | 10.3% | ||
| Q4 24 | 24.0% | 3.6% | ||
| Q3 24 | -0.1% | -3.0% | ||
| Q2 24 | 6.2% | 10.3% | ||
| Q1 24 | -37.4% | -0.7% |
资本支出强度CEVARGS
| Q4 25 | 4.8% | 1.4% | ||
| Q3 25 | 1.5% | 0.7% | ||
| Q2 25 | 2.7% | 0.9% | ||
| Q1 25 | 1.3% | 0.6% | ||
| Q4 24 | 3.5% | 0.9% | ||
| Q3 24 | 1.5% | 0.0% | ||
| Q2 24 | 2.1% | 0.0% | ||
| Q1 24 | 4.1% | 0.1% |
现金转化率CEVARGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | — |
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
CEVA
| Transferred At Point In Time | $28.1M | 90% |
| Transferred Over Time | $3.2M | 10% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
