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COMTECH TELECOMMUNICATIONS CORP（CMTL）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是COMTECH TELECOMMUNICATIONS CORP的1.8倍（$197.9M vs $111.0M），REPLIGEN CORP净利率更高（6.7% vs -14.3%，领先21.0%），REPLIGEN CORP同比增速更快（13.6% vs -4.1%），REPLIGEN CORP自由现金流更多（$17.6M vs $4.8M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs -9.0%）
Comtech Telecommunications是一家总部位于美国的全球通信技术提供商，主营卫星通信系统、地面网络基础设施及定位服务，客户覆盖政府、国防、移动运营商和企业领域，为各类关键应用场景提供安全可靠的连接解决方案。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
CMTL vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.8倍
$111.0M
营收增速更快
RGEN
高出17.8%
-4.1%
净利率更高
RGEN
高出21.0%
-14.3%
自由现金流更多
RGEN
多$12.7M
$4.8M
两年增速更快
RGEN
近两年复合增速
-9.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $111.0M | $197.9M |
| 净利润 | $-15.9M | $13.3M |
| 毛利率 | 33.1% | 52.5% |
| 营业利润率 | -2.5% | 9.0% |
| 净利率 | -14.3% | 6.7% |
| 营收同比 | -4.1% | 13.6% |
| 净利润同比 | 89.3% | 143.9% |
| 每股收益（稀释后） | $-0.67 | $0.24 |
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CMTLRGEN
| Q4 25 | $111.0M | $197.9M | ||
| Q3 25 | $130.4M | $188.8M | ||
| Q2 25 | $126.8M | $182.4M | ||
| Q1 25 | $126.6M | $169.2M | ||
| Q4 24 | $115.8M | $174.1M | ||
| Q3 24 | $126.2M | $154.9M | ||
| Q2 24 | $128.1M | $154.1M | ||
| Q1 24 | $134.2M | $151.3M |
净利润CMTLRGEN
| Q4 25 | $-15.9M | $13.3M | ||
| Q3 25 | $7.9M | $14.9M | ||
| Q2 25 | $33.9M | $14.9M | ||
| Q1 25 | $-48.7M | $5.8M | ||
| Q4 24 | $-148.4M | $-30.3M | ||
| Q3 24 | $-90.8M | $-654.0K | ||
| Q2 24 | $2.8M | $3.3M | ||
| Q1 24 | $-10.6M | $2.1M |
毛利率CMTLRGEN
| Q4 25 | 33.1% | 52.5% | ||
| Q3 25 | 31.2% | 53.2% | ||
| Q2 25 | 30.7% | 50.0% | ||
| Q1 25 | 26.7% | 53.6% | ||
| Q4 24 | 12.5% | 26.1% | ||
| Q3 24 | 21.5% | 50.0% | ||
| Q2 24 | 30.4% | 49.8% | ||
| Q1 24 | 32.2% | 49.5% |
营业利润率CMTLRGEN
| Q4 25 | -2.5% | 9.0% | ||
| Q3 25 | 1.4% | 8.9% | ||
| Q2 25 | -1.2% | 7.6% | ||
| Q1 25 | -8.1% | 3.9% | ||
| Q4 24 | -111.5% | -17.7% | ||
| Q3 24 | -64.6% | -5.1% | ||
| Q2 24 | -2.7% | 1.0% | ||
| Q1 24 | 2.2% | 1.3% |
净利率CMTLRGEN
| Q4 25 | -14.3% | 6.7% | ||
| Q3 25 | 6.1% | 7.9% | ||
| Q2 25 | 26.8% | 8.2% | ||
| Q1 25 | -38.5% | 3.4% | ||
| Q4 24 | -128.2% | -17.4% | ||
| Q3 24 | -71.9% | -0.4% | ||
| Q2 24 | 2.2% | 2.2% | ||
| Q1 24 | -7.9% | 1.4% |
每股收益（稀释后）CMTLRGEN
| Q4 25 | $-0.67 | $0.24 | ||
| Q3 25 | $-0.41 | $0.26 | ||
| Q2 25 | $-0.49 | $0.26 | ||
| Q1 25 | $-0.76 | $0.10 | ||
| Q4 24 | $-5.29 | $-0.55 | ||
| Q3 24 | $-3.48 | $-0.01 | ||
| Q2 24 | $-0.04 | $0.06 | ||
| Q1 24 | $-1.07 | $0.04 |
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 | $43.6M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $85.6M | $2.1B |
| 总资产 | $734.1M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资CMTLRGEN
| Q4 25 | $43.6M | $767.6M | ||
| Q3 25 | $40.0M | $748.7M | ||
| Q2 25 | $28.4M | $708.9M | ||
| Q1 25 | $26.7M | $697.2M | ||
| Q4 24 | $29.6M | $757.4M | ||
| Q3 24 | $32.4M | $784.0M | ||
| Q2 24 | $27.2M | $809.1M | ||
| Q1 24 | $40.0M | $780.6M |
总债务CMTLRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CMTLRGEN
| Q4 25 | $85.6M | $2.1B | ||
| Q3 25 | $104.4M | $2.1B | ||
| Q2 25 | $115.4M | $2.1B | ||
| Q1 25 | $128.7M | $2.0B | ||
| Q4 24 | $150.4M | $2.0B | ||
| Q3 24 | $306.3M | $2.0B | ||
| Q2 24 | $406.4M | $2.0B | ||
| Q1 24 | $407.0M | $2.0B |
总资产CMTLRGEN
| Q4 25 | $734.1M | $2.9B | ||
| Q3 25 | $740.8M | $2.9B | ||
| Q2 25 | $751.1M | $2.9B | ||
| Q1 25 | $770.6M | $2.9B | ||
| Q4 24 | $793.2M | $2.8B | ||
| Q3 24 | $793.2M | $2.8B | ||
| Q2 24 | $991.0M | $2.9B | ||
| Q1 24 | $996.8M | $2.8B |
负债/权益比CMTLRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $8.1M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $4.8M | $17.6M |
| 自由现金流率自由现金流/营收 | 4.3% | 8.9% |
| 资本支出强度资本支出/营收 | 2.9% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $12.2M | $93.9M |
8季度趋势，按日历期对齐
经营现金流CMTLRGEN
| Q4 25 | $8.1M | $25.7M | ||
| Q3 25 | $11.4M | $48.1M | ||
| Q2 25 | $2.3M | $28.6M | ||
| Q1 25 | $-234.0K | $15.0M | ||
| Q4 24 | $-21.8M | $39.2M | ||
| Q3 24 | $-9.5M | $49.3M | ||
| Q2 24 | $-3.8M | $42.2M | ||
| Q1 24 | $-26.7M | $44.7M |
自由现金流CMTLRGEN
| Q4 25 | $4.8M | $17.6M | ||
| Q3 25 | $9.4M | $43.4M | ||
| Q2 25 | $-160.0K | $21.5M | ||
| Q1 25 | $-1.9M | $11.4M | ||
| Q4 24 | $-24.2M | $33.6M | ||
| Q3 24 | $-12.4M | $42.3M | ||
| Q2 24 | $-6.5M | $37.4M | ||
| Q1 24 | $-30.9M | $36.4M |
自由现金流率CMTLRGEN
| Q4 25 | 4.3% | 8.9% | ||
| Q3 25 | 7.2% | 23.0% | ||
| Q2 25 | -0.1% | 11.8% | ||
| Q1 25 | -1.5% | 6.8% | ||
| Q4 24 | -20.9% | 19.3% | ||
| Q3 24 | -9.8% | 27.3% | ||
| Q2 24 | -5.0% | 24.3% | ||
| Q1 24 | -23.0% | 24.0% |
资本支出强度CMTLRGEN
| Q4 25 | 2.9% | 4.1% | ||
| Q3 25 | 1.6% | 2.5% | ||
| Q2 25 | 1.9% | 3.9% | ||
| Q1 25 | 1.3% | 2.1% | ||
| Q4 24 | 2.1% | 3.2% | ||
| Q3 24 | 2.3% | 4.5% | ||
| Q2 24 | 2.1% | 3.1% | ||
| Q1 24 | 3.2% | 5.5% |
现金转化率CMTLRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | 1.45× | 3.23× | ||
| Q2 25 | 0.07× | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.36× | 12.70× | ||
| Q1 24 | — | 21.35× |
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
CMTL
| Satellite And Space Communications Segment | $55.1M | 50% |
| Transferred At Point In Time | $39.4M | 36% |
| Satellite And Space Communications | $16.3M | 15% |
| Terrestrial And Wireless Networks | $1.1M | 1% |
RGEN
暂无分部数据
