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CAVCO INDUSTRIES, INC.（CVCO）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
CAVCO INDUSTRIES, INC.的季度营收约是RBC Bearings INC的1.3倍（$581.0M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 7.6%，领先7.0%），RBC Bearings INC同比增速更快（17.0% vs 11.3%），RBC Bearings INC自由现金流更多（$99.1M vs $57.6M），过去两年CAVCO INDUSTRIES, INC.的营收复合增速更高（17.6% vs 5.6%）
Cavco工业是总部位于美国亚利桑那州凤凰城的制造企业，主营模块化住宅、休闲房车、度假木屋及预制房屋产品，在美国各地布局有完善的制造工厂与零售门店网络，可满足多元居住及休闲场景的使用需求。
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。
CVCO vs RBC — 直观对比
营收规模更大
CVCO
是对方的1.3倍
$461.6M
营收增速更快
RBC
高出5.7%
11.3%
净利率更高
RBC
高出7.0%
7.6%
自由现金流更多
RBC
多$41.5M
$57.6M
两年增速更快
CVCO
近两年复合增速
5.6%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $581.0M | $461.6M |
| 净利润 | $44.1M | $67.4M |
| 毛利率 | 23.4% | 44.3% |
| 营业利润率 | 9.4% | 22.3% |
| 净利率 | 7.6% | 14.6% |
| 营收同比 | 11.3% | 17.0% |
| 净利润同比 | -22.0% | 16.4% |
| 每股收益（稀释后） | $5.58 | $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CVCORBC
| Q4 25 | $581.0M | $461.6M | ||
| Q3 25 | $556.5M | $455.3M | ||
| Q2 25 | $556.9M | $436.0M | ||
| Q1 25 | $508.4M | $437.7M | ||
| Q4 24 | $522.0M | $394.4M | ||
| Q3 24 | $507.5M | $397.9M | ||
| Q2 24 | $477.6M | $406.3M | ||
| Q1 24 | $420.1M | $413.7M |
净利润CVCORBC
| Q4 25 | $44.1M | $67.4M | ||
| Q3 25 | $52.4M | $60.0M | ||
| Q2 25 | $51.6M | $68.5M | ||
| Q1 25 | $36.3M | $72.7M | ||
| Q4 24 | $56.5M | $57.9M | ||
| Q3 24 | $43.8M | $54.2M | ||
| Q2 24 | $34.4M | $61.4M | ||
| Q1 24 | $33.9M | — |
毛利率CVCORBC
| Q4 25 | 23.4% | 44.3% | ||
| Q3 25 | 24.2% | 44.1% | ||
| Q2 25 | 23.3% | 44.8% | ||
| Q1 25 | 22.8% | 44.2% | ||
| Q4 24 | 24.9% | 44.3% | ||
| Q3 24 | 22.9% | 43.7% | ||
| Q2 24 | 21.7% | 45.3% | ||
| Q1 24 | 23.6% | 43.1% |
营业利润率CVCORBC
| Q4 25 | 9.4% | 22.3% | ||
| Q3 25 | 11.2% | 21.5% | ||
| Q2 25 | 10.8% | 23.2% | ||
| Q1 25 | 7.6% | 23.0% | ||
| Q4 24 | 12.3% | 21.7% | ||
| Q3 24 | 9.7% | 21.6% | ||
| Q2 24 | 8.1% | 24.0% | ||
| Q1 24 | 8.9% | 22.8% |
净利率CVCORBC
| Q4 25 | 7.6% | 14.6% | ||
| Q3 25 | 9.4% | 13.2% | ||
| Q2 25 | 9.3% | 15.7% | ||
| Q1 25 | 7.1% | 16.6% | ||
| Q4 24 | 10.8% | 14.7% | ||
| Q3 24 | 8.6% | 13.6% | ||
| Q2 24 | 7.2% | 15.1% | ||
| Q1 24 | 8.1% | — |
每股收益（稀释后）CVCORBC
| Q4 25 | $5.58 | $2.13 | ||
| Q3 25 | $6.55 | $1.90 | ||
| Q2 25 | $6.42 | $2.17 | ||
| Q1 25 | $4.42 | $2.33 | ||
| Q4 24 | $6.90 | $1.82 | ||
| Q3 24 | $5.28 | $1.65 | ||
| Q2 24 | $4.11 | $1.90 | ||
| Q1 24 | $4.05 | $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 | $241.9M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.1B | $3.3B |
| 总资产 | $1.5B | $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CVCORBC
| Q4 25 | $241.9M | $107.6M | ||
| Q3 25 | $391.8M | $91.2M | ||
| Q2 25 | $362.4M | $132.9M | ||
| Q1 25 | $376.1M | $36.8M | ||
| Q4 24 | $378.9M | — | ||
| Q3 24 | $388.7M | — | ||
| Q2 24 | $380.0M | $76.8M | ||
| Q1 24 | $371.0M | $63.5M |
总债务CVCORBC
| 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CVCORBC
| Q4 25 | $1.1B | $3.3B | ||
| Q3 25 | $1.1B | $3.2B | ||
| Q2 25 | $1.1B | $3.1B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.1B | $2.9B | ||
| Q3 24 | $1.0B | $2.9B | ||
| Q2 24 | $1.0B | $2.8B | ||
| Q1 24 | $1.0B | $2.8B |
总资产CVCORBC
| Q4 25 | $1.5B | $5.1B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.4B | $4.8B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.4B | $4.7B | ||
| Q3 24 | $1.4B | $4.7B | ||
| Q2 24 | $1.4B | $4.7B | ||
| Q1 24 | $1.4B | $4.7B |
负债/权益比CVCORBC
| 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 | $66.1M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $57.6M | $99.1M |
| 自由现金流率自由现金流/营收 | 9.9% | 21.5% |
| 资本支出强度资本支出/营收 | 1.5% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.50× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $205.3M | — |
8季度趋势，按日历期对齐
经营现金流CVCORBC
| Q4 25 | $66.1M | $122.1M | ||
| Q3 25 | $78.5M | $88.4M | ||
| Q2 25 | $55.5M | $120.0M | ||
| Q1 25 | $38.6M | — | ||
| Q4 24 | $37.8M | $84.0M | ||
| Q3 24 | $54.7M | — | ||
| Q2 24 | $47.4M | $97.4M | ||
| Q1 24 | — | — |
自由现金流CVCORBC
| Q4 25 | $57.6M | $99.1M | ||
| Q3 25 | $68.7M | $71.7M | ||
| Q2 25 | $46.4M | $104.3M | ||
| Q1 25 | $32.5M | — | ||
| Q4 24 | $32.3M | $73.6M | ||
| Q3 24 | $49.8M | — | ||
| Q2 24 | $42.4M | $88.4M | ||
| Q1 24 | — | — |
自由现金流率CVCORBC
| Q4 25 | 9.9% | 21.5% | ||
| Q3 25 | 12.4% | 15.7% | ||
| Q2 25 | 8.3% | 23.9% | ||
| Q1 25 | 6.4% | — | ||
| Q4 24 | 6.2% | 18.7% | ||
| Q3 24 | 9.8% | — | ||
| Q2 24 | 8.9% | 21.8% | ||
| Q1 24 | — | — |
资本支出强度CVCORBC
| Q4 25 | 1.5% | 5.0% | ||
| Q3 25 | 1.7% | 3.7% | ||
| Q2 25 | 1.6% | 3.6% | ||
| Q1 25 | 1.2% | 3.2% | ||
| Q4 24 | 1.0% | 2.6% | ||
| Q3 24 | 1.0% | 4.1% | ||
| Q2 24 | 1.0% | 2.2% | ||
| Q1 24 | — | — |
现金转化率CVCORBC
| Q4 25 | 1.50× | 1.81× | ||
| Q3 25 | 1.50× | 1.47× | ||
| Q2 25 | 1.08× | 1.75× | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 0.67× | 1.45× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 1.38× | 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
CVCO
| Manufactured Product Other | $532.5M | 92% |
| Other | $26.0M | 4% |
| Financial Service Other | $20.5M | 4% |
| Insurance Agency Commissions | $2.0M | 0% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
