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Coinbase（COIN）与RPM INTERNATIONAL INC（RPM）财务数据对比。点击上方公司名可切换其他公司
RPM INTERNATIONAL INC的季度营收约是Coinbase的1.1倍（$1.9B vs $1.8B），RPM INTERNATIONAL INC净利率更高（8.4% vs -37.4%，领先45.9%），RPM INTERNATIONAL INC同比增速更快（3.5% vs -21.6%），过去两年RPM INTERNATIONAL INC的营收复合增速更高（12.0% vs 4.3%）
Coinbase是美国知名加密货币交易所，2012年由布莱恩·阿姆斯特朗与弗雷德·埃尔萨姆联合创立。截至2024年，平台拥有超1亿用户，业务覆盖100多个国家，是美国最大加密货币交易所、全球最大比特币托管机构，托管总资产近5160亿美元，持有约12%的流通比特币及11%的质押以太币。
BVS娱乐前身为Saban制作、Saban国际及Saban娱乐，是华特迪士尼公司旗下子公司。1980年4月24日由哈伊姆·萨班与舒基·利维创立，最初主营音乐制作，后逐步转向电视节目制作发行业务，最为知名的是为Fox Family/ABC Family及已停播的Fox Kids、Jetix频道制作发行儿童节目。
COIN vs RPM — 直观对比
营收规模更大
RPM
是对方的1.1倍
$1.8B
营收增速更快
RPM
高出25.1%
-21.6%
净利率更高
RPM
高出45.9%
-37.4%
两年增速更快
RPM
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.9B |
| 净利润 | $-666.7M | $161.2M |
| 毛利率 | — | 40.8% |
| 营业利润率 | 15.4% | 11.0% |
| 净利率 | -37.4% | 8.4% |
| 营收同比 | -21.6% | 3.5% |
| 净利润同比 | -151.6% | -12.0% |
| 每股收益（稀释后） | $-2.43 | $1.26 |
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COINRPM
| Q4 25 | $1.8B | $1.9B | ||
| Q3 25 | $1.9B | $2.1B | ||
| Q2 25 | $1.5B | $2.1B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $2.3B | $1.8B | ||
| Q3 24 | $1.2B | $2.0B | ||
| Q2 24 | $1.4B | $2.0B | ||
| Q1 24 | $1.6B | $1.5B |
净利润COINRPM
| Q4 25 | $-666.7M | $161.2M | ||
| Q3 25 | $432.6M | $227.6M | ||
| Q2 25 | $1.4B | $225.8M | ||
| Q1 25 | $65.6M | $52.0M | ||
| Q4 24 | $1.3B | $183.2M | ||
| Q3 24 | $75.5M | $227.7M | ||
| Q2 24 | $36.1M | $180.6M | ||
| Q1 24 | $1.2B | $61.2M |
毛利率COINRPM
| Q4 25 | — | 40.8% | ||
| Q3 25 | — | 42.3% | ||
| Q2 25 | — | 42.4% | ||
| Q1 25 | — | 38.4% | ||
| Q4 24 | — | 41.4% | ||
| Q3 24 | — | 42.5% | ||
| Q2 24 | — | 41.4% | ||
| Q1 24 | — | 39.9% |
营业利润率COINRPM
| Q4 25 | 15.4% | 11.0% | ||
| Q3 25 | 25.7% | 14.1% | ||
| Q2 25 | -1.6% | 11.9% | ||
| Q1 25 | 34.7% | 2.8% | ||
| Q4 24 | 45.5% | 11.5% | ||
| Q3 24 | 14.1% | 14.8% | ||
| Q2 24 | 23.7% | 11.9% | ||
| Q1 24 | 46.4% | 5.5% |
净利率COINRPM
| Q4 25 | -37.4% | 8.4% | ||
| Q3 25 | 23.1% | 10.8% | ||
| Q2 25 | 95.4% | 10.8% | ||
| Q1 25 | 3.2% | 3.5% | ||
| Q4 24 | 56.8% | 9.9% | ||
| Q3 24 | 6.3% | 11.6% | ||
| Q2 24 | 2.5% | 9.0% | ||
| Q1 24 | 71.8% | 4.0% |
每股收益（稀释后）COINRPM
| Q4 25 | $-2.43 | $1.26 | ||
| Q3 25 | $1.50 | $1.77 | ||
| Q2 25 | $5.14 | $1.76 | ||
| Q1 25 | $0.24 | $0.40 | ||
| Q4 24 | $4.66 | $1.42 | ||
| Q3 24 | $0.28 | $1.77 | ||
| Q2 24 | $0.14 | $1.40 | ||
| Q1 24 | $4.40 | $0.47 |
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 | $11.6B | $316.6M |
| 总债务越低越好 | $7.2B | $2.5B |
| 股东权益账面价值 | $14.8B | $3.1B |
| 总资产 | $29.7B | $7.9B |
| 负债/权益比越低杠杆越低 | 0.49× | 0.80× |
8季度趋势，按日历期对齐
现金及短期投资COINRPM
| Q4 25 | $11.6B | $316.6M | ||
| Q3 25 | $9.8B | $297.1M | ||
| Q2 25 | $7.5B | $302.1M | ||
| Q1 25 | $8.1B | $241.9M | ||
| Q4 24 | $8.5B | $268.7M | ||
| Q3 24 | $7.7B | $231.6M | ||
| Q2 24 | $7.2B | $237.4M | ||
| Q1 24 | $6.7B | $248.9M |
总债务COINRPM
| Q4 25 | $7.2B | $2.5B | ||
| Q3 25 | $7.2B | $2.7B | ||
| Q2 25 | $4.2B | $2.6B | ||
| Q1 25 | $4.2B | $2.1B | ||
| Q4 24 | $4.2B | $2.0B | ||
| Q3 24 | $4.2B | $2.0B | ||
| Q2 24 | $4.2B | $2.0B | ||
| Q1 24 | $4.2B | $2.2B |
股东权益COINRPM
| Q4 25 | $14.8B | $3.1B | ||
| Q3 25 | $16.0B | $3.1B | ||
| Q2 25 | $12.1B | $2.9B | ||
| Q1 25 | $10.5B | $2.7B | ||
| Q4 24 | $10.3B | $2.7B | ||
| Q3 24 | $8.7B | $2.6B | ||
| Q2 24 | $8.4B | $2.5B | ||
| Q1 24 | $8.1B | $2.3B |
总资产COINRPM
| Q4 25 | $29.7B | $7.9B | ||
| Q3 25 | $31.4B | $7.9B | ||
| Q2 25 | $23.5B | $7.8B | ||
| Q1 25 | $21.7B | $6.6B | ||
| Q4 24 | $22.5B | $6.7B | ||
| Q3 24 | $290.6B | $6.6B | ||
| Q2 24 | $287.0B | $6.6B | ||
| Q1 24 | $348.0B | $6.4B |
负债/权益比COINRPM
| Q4 25 | 0.49× | 0.80× | ||
| Q3 25 | 0.45× | 0.87× | ||
| Q2 25 | 0.35× | 0.91× | ||
| Q1 25 | 0.40× | 0.78× | ||
| Q4 24 | 0.41× | 0.74× | ||
| Q3 24 | 0.48× | 0.77× | ||
| Q2 24 | 0.51× | 0.79× | ||
| Q1 24 | 0.52× | 0.93× |
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 | $3.1B | $345.7M |
| 自由现金流经营现金流 - 资本支出 | — | $296.4M |
| 自由现金流率自由现金流/营收 | — | 15.5% |
| 资本支出强度资本支出/营收 | — | 2.6% |
| 现金转化率经营现金流/净利润 | — | 2.14× |
| 过去12个月自由现金流最近4个季度 | — | $582.9M |
8季度趋势，按日历期对齐
经营现金流COINRPM
| Q4 25 | $3.1B | $345.7M | ||
| Q3 25 | $-784.5M | $237.5M | ||
| Q2 25 | $328.5M | $149.2M | ||
| Q1 25 | $-182.7M | $91.5M | ||
| Q4 24 | $964.6M | $279.4M | ||
| Q3 24 | $696.5M | $248.1M | ||
| Q2 24 | $484.2M | $181.2M | ||
| Q1 24 | $411.5M | $173.4M |
自由现金流COINRPM
| Q4 25 | — | $296.4M | ||
| Q3 25 | — | $175.0M | ||
| Q2 25 | — | $78.2M | ||
| Q1 25 | — | $33.3M | ||
| Q4 24 | — | $229.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $105.3M | ||
| Q1 24 | — | $124.6M |
自由现金流率COINRPM
| Q4 25 | — | 15.5% | ||
| Q3 25 | — | 8.3% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 12.4% | ||
| Q3 24 | — | 10.0% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 8.2% |
资本支出强度COINRPM
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.0% | ||
| Q2 25 | — | 3.4% | ||
| Q1 25 | — | 3.9% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | — | 3.2% |
现金转化率COINRPM
| Q4 25 | — | 2.14× | ||
| Q3 25 | -1.81× | 1.04× | ||
| Q2 25 | 0.23× | 0.66× | ||
| Q1 25 | -2.79× | 1.76× | ||
| Q4 24 | 0.75× | 1.53× | ||
| Q3 24 | 9.23× | 1.09× | ||
| Q2 24 | 13.39× | 1.00× | ||
| Q1 24 | 0.35× | 2.83× |
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
COIN
| Bank Servicing Consumer Net | $733.9M | 41% |
| Subscription And Circulation | $727.4M | 41% |
| Bank Servicing Institutional | $185.0M | 10% |
| Other Revenue | $71.1M | 4% |
| Bank Servicing Other | $63.8M | 4% |
| Related Party | $1.3M | 0% |
RPM
| Construction Products Group Segment | $737.4M | 39% |
| Consumer Segment | $638.6M | 33% |
| Performance Coatings Group Segment | $533.8M | 28% |
