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CASELLA WASTE SYSTEMS INC（CWST）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
CASELLA WASTE SYSTEMS INC的季度营收约是RBC Bearings INC的1.0倍（$469.1M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs -0.5%，领先15.1%），RBC Bearings INC同比增速更快（17.0% vs 9.7%），RBC Bearings INC自由现金流更多（$99.1M vs $39.3M），过去两年CASELLA WASTE SYSTEMS INC的营收复合增速更高（17.3% vs 5.6%）
Casella Waste Systems Inc.是总部位于美国佛蒙特州拉特兰的废弃物管理企业，1975年创立时仅靠一辆卡车起步，现为区域型垂直一体化固体废物服务提供商，面向住宅、商业、市政及工业客户提供固废收集处置、中转、回收、有机废弃物处理等专业资源管理服务。
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。
CWST vs RBC — 直观对比
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $469.1M | $461.6M |
| 净利润 | $-2.5M | $67.4M |
| 毛利率 | 33.3% | 44.3% |
| 营业利润率 | 2.5% | 22.3% |
| 净利率 | -0.5% | 14.6% |
| 营收同比 | 9.7% | 17.0% |
| 净利润同比 | -151.5% | 16.4% |
| 每股收益（稀释后） | $-0.04 | $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
| Q4 25 | $469.1M | $461.6M | ||
| Q3 25 | $485.4M | $455.3M | ||
| Q2 25 | $465.3M | $436.0M | ||
| Q1 25 | $417.1M | $437.7M | ||
| Q4 24 | $427.5M | $394.4M | ||
| Q3 24 | $411.6M | $397.9M | ||
| Q2 24 | $377.2M | $406.3M | ||
| Q1 24 | $341.0M | $413.7M |
| Q4 25 | $-2.5M | $67.4M | ||
| Q3 25 | $10.0M | $60.0M | ||
| Q2 25 | $5.2M | $68.5M | ||
| Q1 25 | $-4.8M | $72.7M | ||
| Q4 24 | $4.9M | $57.9M | ||
| Q3 24 | $5.8M | $54.2M | ||
| Q2 24 | $7.0M | $61.4M | ||
| Q1 24 | $-4.1M | — |
| Q4 25 | 33.3% | 44.3% | ||
| Q3 25 | 35.0% | 44.1% | ||
| Q2 25 | 33.8% | 44.8% | ||
| Q1 25 | 32.8% | 44.2% | ||
| Q4 24 | 33.2% | 44.3% | ||
| Q3 24 | 35.1% | 43.7% | ||
| Q2 24 | 35.4% | 45.3% | ||
| Q1 24 | 32.3% | 43.1% |
| Q4 25 | 2.5% | 22.3% | ||
| Q3 25 | 6.1% | 21.5% | ||
| Q2 25 | 4.1% | 23.2% | ||
| Q1 25 | 0.8% | 23.0% | ||
| Q4 24 | 4.3% | 21.7% | ||
| Q3 24 | 5.9% | 21.6% | ||
| Q2 24 | 6.1% | 24.0% | ||
| Q1 24 | 2.0% | 22.8% |
| Q4 25 | -0.5% | 14.6% | ||
| Q3 25 | 2.1% | 13.2% | ||
| Q2 25 | 1.1% | 15.7% | ||
| Q1 25 | -1.2% | 16.6% | ||
| Q4 24 | 1.1% | 14.7% | ||
| Q3 24 | 1.4% | 13.6% | ||
| Q2 24 | 1.9% | 15.1% | ||
| Q1 24 | -1.2% | — |
| Q4 25 | $-0.04 | $2.13 | ||
| Q3 25 | $0.16 | $1.90 | ||
| Q2 25 | $0.08 | $2.17 | ||
| Q1 25 | $-0.08 | $2.33 | ||
| Q4 24 | $0.08 | $1.82 | ||
| Q3 24 | $0.10 | $1.65 | ||
| Q2 24 | $0.12 | $1.90 | ||
| Q1 24 | $-0.07 | $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 | $123.8M | $107.6M |
| 总债务越低越好 | $1.1B | $990.2M |
| 股东权益账面价值 | $1.6B | $3.3B |
| 总资产 | $3.3B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.72× | 0.30× |
8季度趋势，按日历期对齐
| Q4 25 | $123.8M | $107.6M | ||
| Q3 25 | $192.7M | $91.2M | ||
| Q2 25 | $217.8M | $132.9M | ||
| Q1 25 | $267.7M | $36.8M | ||
| Q4 24 | $358.3M | — | ||
| Q3 24 | $519.0M | — | ||
| Q2 24 | $208.5M | $76.8M | ||
| Q1 24 | $189.5M | $63.5M |
| Q4 25 | $1.1B | $990.2M | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $915.6M | ||
| Q1 25 | $1.1B | $920.1M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $976.6M | — | ||
| Q1 24 | $980.9M | $1.2B |
| Q4 25 | $1.6B | $3.3B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.6B | $3.1B | ||
| Q1 25 | $1.5B | $3.0B | ||
| Q4 24 | $1.6B | $2.9B | ||
| Q3 24 | $1.5B | $2.9B | ||
| Q2 24 | $1.0B | $2.8B | ||
| Q1 24 | $1.0B | $2.8B |
| Q4 25 | $3.3B | $5.1B | ||
| Q3 25 | $3.3B | $5.1B | ||
| Q2 25 | $3.3B | $4.8B | ||
| Q1 25 | $3.2B | $4.7B | ||
| Q4 24 | $3.2B | $4.7B | ||
| Q3 24 | $3.1B | $4.7B | ||
| Q2 24 | $2.5B | $4.7B | ||
| Q1 24 | $2.5B | $4.7B |
| Q4 25 | 0.72× | 0.30× | ||
| Q3 25 | 0.72× | 0.34× | ||
| Q2 25 | 0.72× | 0.29× | ||
| Q1 25 | 0.72× | 0.30× | ||
| Q4 24 | 0.70× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.94× | — | ||
| Q1 24 | 0.96× | 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 | $96.6M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $39.3M | $99.1M |
| 自由现金流率自由现金流/营收 | 8.4% | 21.5% |
| 资本支出强度资本支出/营收 | 12.2% | 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 | $84.7M | — |
8季度趋势，按日历期对齐
| Q4 25 | $96.6M | $122.1M | ||
| Q3 25 | $93.6M | $88.4M | ||
| Q2 25 | $89.5M | $120.0M | ||
| Q1 25 | $50.1M | — | ||
| Q4 24 | $109.8M | $84.0M | ||
| Q3 24 | $91.8M | — | ||
| Q2 24 | $72.1M | $97.4M | ||
| Q1 24 | $7.7M | — |
| Q4 25 | $39.3M | $99.1M | ||
| Q3 25 | $27.6M | $71.7M | ||
| Q2 25 | $23.1M | $104.3M | ||
| Q1 25 | $-5.4M | — | ||
| Q4 24 | $32.9M | $73.6M | ||
| Q3 24 | $40.4M | — | ||
| Q2 24 | $27.5M | $88.4M | ||
| Q1 24 | $-22.6M | — |
| Q4 25 | 8.4% | 21.5% | ||
| Q3 25 | 5.7% | 15.7% | ||
| Q2 25 | 5.0% | 23.9% | ||
| Q1 25 | -1.3% | — | ||
| Q4 24 | 7.7% | 18.7% | ||
| Q3 24 | 9.8% | — | ||
| Q2 24 | 7.3% | 21.8% | ||
| Q1 24 | -6.6% | — |
| Q4 25 | 12.2% | 5.0% | ||
| Q3 25 | 13.6% | 3.7% | ||
| Q2 25 | 14.3% | 3.6% | ||
| Q1 25 | 13.3% | 3.2% | ||
| Q4 24 | 18.0% | 2.6% | ||
| Q3 24 | 12.5% | 4.1% | ||
| Q2 24 | 11.8% | 2.2% | ||
| Q1 24 | 8.9% | — |
| Q4 25 | — | 1.81× | ||
| Q3 25 | 9.37× | 1.47× | ||
| Q2 25 | 17.19× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.51× | 1.45× | ||
| Q3 24 | 15.91× | — | ||
| Q2 24 | 10.29× | 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
CWST
| Transferred Over Time | $120.9M | 26% |
| Resource Solutions Region | $92.9M | 20% |
| Collection | $90.9M | 19% |
| Mid Atlantic Region | $89.6M | 19% |
| National Accounts | $60.9M | 13% |
| Landfill Revenue | $8.3M | 2% |
| Processing Services | $2.1M | 0% |
| Transportation | $1.4M | 0% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
