vs
Compass Diversified Holdings（CODI）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
Compass Diversified Holdings的季度营收约是RBC Bearings INC的1.0倍（$468.6M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs -16.8%，领先31.4%），RBC Bearings INC同比增速更快（17.0% vs -5.1%），RBC Bearings INC自由现金流更多（$99.1M vs $36.9M），过去两年Compass Diversified Holdings的营收复合增速更高（6.8% vs 5.6%）
Compass Diversified Holdings是一家上市控股公司，专注于收购和运营中端市场企业，业务覆盖消费品、工业制造、户外休闲、食品饮料等多个领域，通过与被投企业管理团队合作，推动长期运营增长与价值创造，主要服务北美市场。
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。
CODI vs RBC — 直观对比
营收规模更大
CODI
是对方的1.0倍
$461.6M
营收增速更快
RBC
高出22.2%
-5.1%
净利率更高
RBC
高出31.4%
-16.8%
自由现金流更多
RBC
多$62.2M
$36.9M
两年增速更快
CODI
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $468.6M | $461.6M |
| 净利润 | $-78.8M | $67.4M |
| 毛利率 | 43.1% | 44.3% |
| 营业利润率 | 9.8% | 22.3% |
| 净利率 | -16.8% | 14.6% |
| 营收同比 | -5.1% | 17.0% |
| 净利润同比 | -14.4% | 16.4% |
| 每股收益（稀释后） | $-0.91 | $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CODIRBC
| Q4 25 | $468.6M | $461.6M | ||
| Q3 25 | $472.6M | $455.3M | ||
| Q2 25 | $478.7M | $436.0M | ||
| Q1 25 | $453.8M | $437.7M | ||
| Q4 24 | $493.9M | $394.4M | ||
| Q3 24 | $456.6M | $397.9M | ||
| Q2 24 | $426.7M | $406.3M | ||
| Q1 24 | $410.8M | $413.7M |
净利润CODIRBC
| Q4 25 | $-78.8M | $67.4M | ||
| Q3 25 | $-74.0M | $60.0M | ||
| Q2 25 | $-51.2M | $68.5M | ||
| Q1 25 | $-30.0M | $72.7M | ||
| Q4 24 | $-68.9M | $57.9M | ||
| Q3 24 | $-36.0M | $54.2M | ||
| Q2 24 | $-73.1M | $61.4M | ||
| Q1 24 | $-56.2M | — |
毛利率CODIRBC
| Q4 25 | 43.1% | 44.3% | ||
| Q3 25 | 44.0% | 44.1% | ||
| Q2 25 | 43.6% | 44.8% | ||
| Q1 25 | 43.2% | 44.2% | ||
| Q4 24 | 38.6% | 44.3% | ||
| Q3 24 | 43.1% | 43.7% | ||
| Q2 24 | 44.1% | 45.3% | ||
| Q1 24 | 42.6% | 43.1% |
营业利润率CODIRBC
| Q4 25 | 9.8% | 22.3% | ||
| Q3 25 | -2.3% | 21.5% | ||
| Q2 25 | -5.7% | 23.2% | ||
| Q1 25 | 0.8% | 23.0% | ||
| Q4 24 | -3.8% | 21.7% | ||
| Q3 24 | 1.8% | 21.6% | ||
| Q2 24 | 1.8% | 24.0% | ||
| Q1 24 | -2.9% | 22.8% |
净利率CODIRBC
| Q4 25 | -16.8% | 14.6% | ||
| Q3 25 | -15.7% | 13.2% | ||
| Q2 25 | -10.7% | 15.7% | ||
| Q1 25 | -6.6% | 16.6% | ||
| Q4 24 | -13.9% | 14.7% | ||
| Q3 24 | -7.9% | 13.6% | ||
| Q2 24 | -17.1% | 15.1% | ||
| Q1 24 | -13.7% | — |
每股收益（稀释后）CODIRBC
| Q4 25 | $-0.91 | $2.13 | ||
| Q3 25 | $-1.21 | $1.90 | ||
| Q2 25 | $-0.88 | $2.17 | ||
| Q1 25 | $-0.59 | $2.33 | ||
| Q4 24 | $-0.57 | $1.82 | ||
| Q3 24 | $-0.62 | $1.65 | ||
| Q2 24 | $-1.12 | $1.90 | ||
| Q1 24 | $-1.52 | $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 | $68.0M | $107.6M |
| 总债务越低越好 | $1.9B | $990.2M |
| 股东权益账面价值 | $442.0M | $3.3B |
| 总资产 | $3.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 4.25× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资CODIRBC
| Q4 25 | $68.0M | $107.6M | ||
| Q3 25 | $61.1M | $91.2M | ||
| Q2 25 | $73.8M | $132.9M | ||
| Q1 25 | $146.2M | $36.8M | ||
| Q4 24 | $59.7M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $61.5M | $76.8M | ||
| Q1 24 | $59.5M | $63.5M |
总债务CODIRBC
| Q4 25 | $1.9B | $990.2M | ||
| Q3 25 | $1.9B | $1.1B | ||
| Q2 25 | $1.9B | $915.6M | ||
| Q1 25 | $1.9B | $920.1M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.7B | $1.2B |
股东权益CODIRBC
| Q4 25 | $442.0M | $3.3B | ||
| Q3 25 | $519.2M | $3.2B | ||
| Q2 25 | $601.9M | $3.1B | ||
| Q1 25 | $680.7M | $3.0B | ||
| Q4 24 | $678.6M | $2.9B | ||
| Q3 24 | $672.2M | $2.9B | ||
| Q2 24 | $711.3M | $2.8B | ||
| Q1 24 | $799.7M | $2.8B |
总资产CODIRBC
| Q4 25 | $3.0B | $5.1B | ||
| Q3 25 | $3.2B | $5.1B | ||
| Q2 25 | $3.3B | $4.8B | ||
| Q1 25 | $3.4B | $4.7B | ||
| Q4 24 | $3.3B | $4.7B | ||
| Q3 24 | $3.3B | $4.7B | ||
| Q2 24 | $3.2B | $4.7B | ||
| Q1 24 | $3.3B | $4.7B |
负债/权益比CODIRBC
| Q4 25 | 4.25× | 0.30× | ||
| Q3 25 | 3.62× | 0.34× | ||
| Q2 25 | 3.09× | 0.29× | ||
| Q1 25 | 2.73× | 0.30× | ||
| Q4 24 | 2.61× | — | ||
| Q3 24 | 2.64× | — | ||
| Q2 24 | 2.42× | — | ||
| Q1 24 | 2.15× | 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 | $47.0M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $36.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 7.9% | 21.5% |
| 资本支出强度资本支出/营收 | 2.2% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-51.1M | — |
8季度趋势，按日历期对齐
经营现金流CODIRBC
| Q4 25 | $47.0M | $122.1M | ||
| Q3 25 | $10.7M | $88.4M | ||
| Q2 25 | $-35.2M | $120.0M | ||
| Q1 25 | $-29.3M | — | ||
| Q4 24 | $-16.1M | $84.0M | ||
| Q3 24 | $-48.4M | — | ||
| Q2 24 | $-61.3M | $97.4M | ||
| Q1 24 | $-25.4M | — |
自由现金流CODIRBC
| Q4 25 | $36.9M | $99.1M | ||
| Q3 25 | $481.0K | $71.7M | ||
| Q2 25 | $-46.0M | $104.3M | ||
| Q1 25 | $-42.4M | — | ||
| Q4 24 | $-39.0M | $73.6M | ||
| Q3 24 | $-63.5M | — | ||
| Q2 24 | $-72.2M | $88.4M | ||
| Q1 24 | $-33.1M | — |
自由现金流率CODIRBC
| Q4 25 | 7.9% | 21.5% | ||
| Q3 25 | 0.1% | 15.7% | ||
| Q2 25 | -9.6% | 23.9% | ||
| Q1 25 | -9.4% | — | ||
| Q4 24 | -7.9% | 18.7% | ||
| Q3 24 | -13.9% | — | ||
| Q2 24 | -16.9% | 21.8% | ||
| Q1 24 | -8.1% | — |
资本支出强度CODIRBC
| Q4 25 | 2.2% | 5.0% | ||
| Q3 25 | 2.2% | 3.7% | ||
| Q2 25 | 2.3% | 3.6% | ||
| Q1 25 | 2.9% | 3.2% | ||
| Q4 24 | 4.6% | 2.6% | ||
| Q3 24 | 3.3% | 4.1% | ||
| Q2 24 | 2.6% | 2.2% | ||
| Q1 24 | 1.9% | — |
现金转化率CODIRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| 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
CODI
| Other | $119.5M | 26% |
| A5.11Tactical | $113.9M | 24% |
| Sterno Products | $85.9M | 18% |
| Altor | $60.8M | 13% |
| The Honey Pot | $36.0M | 8% |
| Arnold | $25.4M | 5% |
| Velocity Outdoor | $18.7M | 4% |
| Lugano | $8.3M | 2% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
