vs
AMERICOLD REALTY TRUST（COLD）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
AMERICOLD REALTY TRUST的季度营收约是RBC Bearings INC的1.4倍（$643.1M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs -13.7%，领先28.3%），RBC Bearings INC同比增速更快（17.0% vs -0.7%），RBC Bearings INC自由现金流更多（$99.1M vs $-12.2M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -0.6%）
Americold Realty Trust是总部位于美国佐治亚州亚特兰大的温控仓储及运输企业，主营现代化商用温控仓储业务，通过冷链体系存储易腐货物，是食品保鲜供应链的重要参与方，为全球第二大温控仓储及配送服务提供商。
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。
COLD vs RBC — 直观对比
营收规模更大
COLD
是对方的1.4倍
$461.6M
营收增速更快
RBC
高出17.7%
-0.7%
净利率更高
RBC
高出28.3%
-13.7%
自由现金流更多
RBC
多$111.3M
$-12.2M
两年增速更快
RBC
近两年复合增速
-0.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $643.1M | $461.6M |
| 净利润 | $-88.3M | $67.4M |
| 毛利率 | 31.3% | 44.3% |
| 营业利润率 | -10.8% | 22.3% |
| 净利率 | -13.7% | 14.6% |
| 营收同比 | -0.7% | 17.0% |
| 净利润同比 | -143.9% | 16.4% |
| 每股收益（稀释后） | $-0.31 | $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COLDRBC
| Q4 25 | $643.1M | $461.6M | ||
| Q3 25 | $649.0M | $455.3M | ||
| Q2 25 | $635.1M | $436.0M | ||
| Q1 25 | $613.7M | $437.7M | ||
| Q4 24 | $647.4M | $394.4M | ||
| Q3 24 | $660.4M | $397.9M | ||
| Q2 24 | $645.6M | $406.3M | ||
| Q1 24 | $651.4M | $413.7M |
净利润COLDRBC
| Q4 25 | $-88.3M | $67.4M | ||
| Q3 25 | $-11.4M | $60.0M | ||
| Q2 25 | $1.5M | $68.5M | ||
| Q1 25 | $-16.4M | $72.7M | ||
| Q4 24 | $-36.2M | $57.9M | ||
| Q3 24 | $-3.7M | $54.2M | ||
| Q2 24 | $-64.1M | $61.4M | ||
| Q1 24 | $9.7M | — |
毛利率COLDRBC
| Q4 25 | 31.3% | 44.3% | ||
| Q3 25 | 29.3% | 44.1% | ||
| Q2 25 | 30.9% | 44.8% | ||
| Q1 25 | 31.1% | 44.2% | ||
| Q4 24 | 29.7% | 44.3% | ||
| Q3 24 | 29.6% | 43.7% | ||
| Q2 24 | 31.0% | 45.3% | ||
| Q1 24 | 30.3% | 43.1% |
营业利润率COLDRBC
| Q4 25 | -10.8% | 22.3% | ||
| Q3 25 | 2.6% | 21.5% | ||
| Q2 25 | 5.9% | 23.2% | ||
| Q1 25 | 3.6% | 23.0% | ||
| Q4 24 | -1.8% | 21.7% | ||
| Q3 24 | 4.6% | 21.6% | ||
| Q2 24 | 9.8% | 24.0% | ||
| Q1 24 | 6.4% | 22.8% |
净利率COLDRBC
| Q4 25 | -13.7% | 14.6% | ||
| Q3 25 | -1.8% | 13.2% | ||
| Q2 25 | 0.2% | 15.7% | ||
| Q1 25 | -2.7% | 16.6% | ||
| Q4 24 | -5.6% | 14.7% | ||
| Q3 24 | -0.6% | 13.6% | ||
| Q2 24 | -9.9% | 15.1% | ||
| Q1 24 | 1.5% | — |
每股收益（稀释后）COLDRBC
| Q4 25 | $-0.31 | $2.13 | ||
| Q3 25 | $-0.04 | $1.90 | ||
| Q2 25 | $0.01 | $2.17 | ||
| Q1 25 | $-0.06 | $2.33 | ||
| Q4 24 | $-0.12 | $1.82 | ||
| Q3 24 | $-0.01 | $1.65 | ||
| Q2 24 | $-0.23 | $1.90 | ||
| Q1 24 | $0.03 | $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 | $136.9M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $2.9B | $3.3B |
| 总资产 | $8.1B | $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COLDRBC
| Q4 25 | $136.9M | $107.6M | ||
| Q3 25 | $33.3M | $91.2M | ||
| Q2 25 | $101.4M | $132.9M | ||
| Q1 25 | $38.9M | $36.8M | ||
| Q4 24 | $47.7M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $44.2M | $76.8M | ||
| Q1 24 | $59.2M | $63.5M |
总债务COLDRBC
| 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COLDRBC
| Q4 25 | $2.9B | $3.3B | ||
| Q3 25 | $3.0B | $3.2B | ||
| Q2 25 | $3.1B | $3.1B | ||
| Q1 25 | $3.2B | $3.0B | ||
| Q4 24 | $3.3B | $2.9B | ||
| Q3 24 | $3.4B | $2.9B | ||
| Q2 24 | $3.4B | $2.8B | ||
| Q1 24 | $3.6B | $2.8B |
总资产COLDRBC
| Q4 25 | $8.1B | $5.1B | ||
| Q3 25 | $8.1B | $5.1B | ||
| Q2 25 | $8.1B | $4.8B | ||
| Q1 25 | $7.8B | $4.7B | ||
| Q4 24 | $7.7B | $4.7B | ||
| Q3 24 | $7.9B | $4.7B | ||
| Q2 24 | $7.8B | $4.7B | ||
| Q1 24 | $7.8B | $4.7B |
负债/权益比COLDRBC
| 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 | $130.2M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-12.2M | $99.1M |
| 自由现金流率自由现金流/营收 | -1.9% | 21.5% |
| 资本支出强度资本支出/营收 | 22.1% | 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 | $-217.2M | — |
8季度趋势，按日历期对齐
经营现金流COLDRBC
| Q4 25 | $130.2M | $122.1M | ||
| Q3 25 | $78.9M | $88.4M | ||
| Q2 25 | $120.3M | $120.0M | ||
| Q1 25 | $30.2M | — | ||
| Q4 24 | $162.6M | $84.0M | ||
| Q3 24 | $50.6M | — | ||
| Q2 24 | $136.7M | $97.4M | ||
| Q1 24 | $62.0M | — |
自由现金流COLDRBC
| Q4 25 | $-12.2M | $99.1M | ||
| Q3 25 | $-65.4M | $71.7M | ||
| Q2 25 | $-57.4M | $104.3M | ||
| Q1 25 | $-82.3M | — | ||
| Q4 24 | $57.4M | $73.6M | ||
| Q3 24 | $-44.5M | — | ||
| Q2 24 | $73.3M | $88.4M | ||
| Q1 24 | $16.2M | — |
自由现金流率COLDRBC
| Q4 25 | -1.9% | 21.5% | ||
| Q3 25 | -10.1% | 15.7% | ||
| Q2 25 | -9.0% | 23.9% | ||
| Q1 25 | -13.4% | — | ||
| Q4 24 | 8.9% | 18.7% | ||
| Q3 24 | -6.7% | — | ||
| Q2 24 | 11.4% | 21.8% | ||
| Q1 24 | 2.5% | — |
资本支出强度COLDRBC
| Q4 25 | 22.1% | 5.0% | ||
| Q3 25 | 22.2% | 3.7% | ||
| Q2 25 | 28.0% | 3.6% | ||
| Q1 25 | 18.3% | 3.2% | ||
| Q4 24 | 16.3% | 2.6% | ||
| Q3 24 | 14.4% | 4.1% | ||
| Q2 24 | 9.8% | 2.2% | ||
| Q1 24 | 7.0% | — |
现金转化率COLDRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 78.18× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | 6.36× | — |
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
COLD
| Warehouse Services | $269.0M | 42% |
| Warehouse Rent And Storage | $199.9M | 31% |
| Other Facilities Costs | $60.0M | 9% |
| Transportation Segment | $48.3M | 8% |
| Power | $34.7M | 5% |
| Transportation | $22.0M | 3% |
| Third Party Managed Segment | $9.5M | 1% |
| Third Party Managed | $2.4M | 0% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
