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CORVEL CORP（CRVL）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
RBC Bearings INC的季度营收约是CORVEL CORP的2.0倍（$461.6M vs $235.6M），RBC Bearings INC净利率更高（14.6% vs 10.3%，领先4.3%），RBC Bearings INC同比增速更快（17.0% vs 3.4%），RBC Bearings INC自由现金流更多（$99.1M vs $35.2M），过去两年CORVEL CORP的营收复合增速更高（6.6% vs 5.6%）
Corvel Corp是一家总部位于美国的综合解决方案供应商，核心业务涵盖工伤赔偿、医疗管理与风险缓释，服务客户包括保险公司、自保雇主及公共部门机构，可帮助客户控制医疗成本、提升护理效果、优化行政运营流程。
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。
CRVL vs RBC — 直观对比
营收规模更大
RBC
是对方的2.0倍
$235.6M
营收增速更快
RBC
高出13.7%
3.4%
净利率更高
RBC
高出4.3%
10.3%
自由现金流更多
RBC
多$63.9M
$35.2M
两年增速更快
CRVL
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $235.6M | $461.6M |
| 净利润 | $24.2M | $67.4M |
| 毛利率 | 23.3% | 44.3% |
| 营业利润率 | 13.7% | 22.3% |
| 净利率 | 10.3% | 14.6% |
| 营收同比 | 3.4% | 17.0% |
| 净利润同比 | 1.7% | 16.4% |
| 每股收益（稀释后） | $0.47 | $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CRVLRBC
| Q4 25 | $235.6M | $461.6M | ||
| Q3 25 | $239.6M | $455.3M | ||
| Q2 25 | $234.7M | $436.0M | ||
| Q1 25 | $231.5M | $437.7M | ||
| Q4 24 | $228.0M | $394.4M | ||
| Q3 24 | $224.4M | $397.9M | ||
| Q2 24 | $211.7M | $406.3M | ||
| Q1 24 | $207.2M | $413.7M |
净利润CRVLRBC
| Q4 25 | $24.2M | $67.4M | ||
| Q3 25 | $27.9M | $60.0M | ||
| Q2 25 | $27.2M | $68.5M | ||
| Q1 25 | $26.4M | $72.7M | ||
| Q4 24 | $23.8M | $57.9M | ||
| Q3 24 | $23.4M | $54.2M | ||
| Q2 24 | $21.6M | $61.4M | ||
| Q1 24 | $19.5M | — |
毛利率CRVLRBC
| Q4 25 | 23.3% | 44.3% | ||
| Q3 25 | 24.3% | 44.1% | ||
| Q2 25 | 24.2% | 44.8% | ||
| Q1 25 | 25.0% | 44.2% | ||
| Q4 24 | 23.2% | 44.3% | ||
| Q3 24 | 22.6% | 43.7% | ||
| Q2 24 | 22.7% | 45.3% | ||
| Q1 24 | 20.9% | 43.1% |
营业利润率CRVLRBC
| Q4 25 | 13.7% | 22.3% | ||
| Q3 25 | 15.0% | 21.5% | ||
| Q2 25 | 15.0% | 23.2% | ||
| Q1 25 | 14.4% | 23.0% | ||
| Q4 24 | 13.5% | 21.7% | ||
| Q3 24 | 12.8% | 21.6% | ||
| Q2 24 | 13.2% | 24.0% | ||
| Q1 24 | 10.9% | 22.8% |
净利率CRVLRBC
| Q4 25 | 10.3% | 14.6% | ||
| Q3 25 | 11.6% | 13.2% | ||
| Q2 25 | 11.6% | 15.7% | ||
| Q1 25 | 11.4% | 16.6% | ||
| Q4 24 | 10.4% | 14.7% | ||
| Q3 24 | 10.4% | 13.6% | ||
| Q2 24 | 10.2% | 15.1% | ||
| Q1 24 | 9.4% | — |
每股收益（稀释后）CRVLRBC
| Q4 25 | $0.47 | $2.13 | ||
| Q3 25 | $0.54 | $1.90 | ||
| Q2 25 | $0.52 | $2.17 | ||
| Q1 25 | $-1.23 | $2.33 | ||
| Q4 24 | $0.46 | $1.82 | ||
| Q3 24 | $1.35 | $1.65 | ||
| Q2 24 | $1.25 | $1.90 | ||
| Q1 24 | $1.12 | $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 | $230.0M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $375.7M | $3.3B |
| 总资产 | $644.8M | $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CRVLRBC
| Q4 25 | $230.0M | $107.6M | ||
| Q3 25 | $207.5M | $91.2M | ||
| Q2 25 | $202.0M | $132.9M | ||
| Q1 25 | $170.6M | $36.8M | ||
| Q4 24 | $162.9M | — | ||
| Q3 24 | $138.3M | — | ||
| Q2 24 | $131.9M | $76.8M | ||
| Q1 24 | $105.6M | $63.5M |
总债务CRVLRBC
| 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CRVLRBC
| Q4 25 | $375.7M | $3.3B | ||
| Q3 25 | $362.8M | $3.2B | ||
| Q2 25 | $342.5M | $3.1B | ||
| Q1 25 | $322.0M | $3.0B | ||
| Q4 24 | $300.9M | $2.9B | ||
| Q3 24 | $282.8M | $2.9B | ||
| Q2 24 | $263.9M | $2.8B | ||
| Q1 24 | $247.6M | $2.8B |
总资产CRVLRBC
| Q4 25 | $644.8M | $5.1B | ||
| Q3 25 | $611.7M | $5.1B | ||
| Q2 25 | $597.4M | $4.8B | ||
| Q1 25 | $546.0M | $4.7B | ||
| Q4 24 | $538.8M | $4.7B | ||
| Q3 24 | $518.6M | $4.7B | ||
| Q2 24 | $486.2M | $4.7B | ||
| Q1 24 | $454.7M | $4.7B |
负债/权益比CRVLRBC
| 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 | $46.1M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $35.2M | $99.1M |
| 自由现金流率自由现金流/营收 | 14.9% | 21.5% |
| 资本支出强度资本支出/营收 | 4.7% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.91× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $104.3M | — |
8季度趋势，按日历期对齐
经营现金流CRVLRBC
| Q4 25 | $46.1M | $122.1M | ||
| Q3 25 | $25.0M | $88.4M | ||
| Q2 25 | $55.0M | $120.0M | ||
| Q1 25 | $22.9M | — | ||
| Q4 24 | $41.6M | $84.0M | ||
| Q3 24 | $22.3M | — | ||
| Q2 24 | $40.4M | $97.4M | ||
| Q1 24 | $15.2M | — |
自由现金流CRVLRBC
| Q4 25 | $35.2M | $99.1M | ||
| Q3 25 | $15.3M | $71.7M | ||
| Q2 25 | $39.5M | $104.3M | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $32.1M | $73.6M | ||
| Q3 24 | $12.4M | — | ||
| Q2 24 | $32.8M | $88.4M | ||
| Q1 24 | $5.2M | — |
自由现金流率CRVLRBC
| Q4 25 | 14.9% | 21.5% | ||
| Q3 25 | 6.4% | 15.7% | ||
| Q2 25 | 16.8% | 23.9% | ||
| Q1 25 | 6.2% | — | ||
| Q4 24 | 14.1% | 18.7% | ||
| Q3 24 | 5.5% | — | ||
| Q2 24 | 15.5% | 21.8% | ||
| Q1 24 | 2.5% | — |
资本支出强度CRVLRBC
| Q4 25 | 4.7% | 5.0% | ||
| Q3 25 | 4.1% | 3.7% | ||
| Q2 25 | 6.6% | 3.6% | ||
| Q1 25 | 3.7% | 3.2% | ||
| Q4 24 | 4.2% | 2.6% | ||
| Q3 24 | 4.4% | 4.1% | ||
| Q2 24 | 3.6% | 2.2% | ||
| Q1 24 | 4.8% | — |
现金转化率CRVLRBC
| Q4 25 | 1.91× | 1.81× | ||
| Q3 25 | 0.90× | 1.47× | ||
| Q2 25 | 2.02× | 1.75× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.75× | 1.45× | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 1.87× | 1.59× | ||
| Q1 24 | 0.78× | — |
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
CRVL
| Patient Management Services | $146.1M | 62% |
| Network Solutions Services | $89.6M | 38% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
