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三维系统（DDD）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
STURM RUGER & CO INC的季度营收约是三维系统的1.4倍（$151.1M vs $106.3M），STURM RUGER & CO INC同比增速更快（3.6% vs -4.3%），STURM RUGER & CO INC自由现金流更多（$12.3M vs $-16.6M），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% vs 1.6%）
3D Systems是一家总部位于美国南卡罗来纳州罗克希尔的企业，核心业务涵盖3D打印机、3D打印材料的研发生产与销售，同时提供3D打印零部件定制及应用工程服务，可产品概念模型、精密功能原型、工裝母模以及直接数字化生产零部件等产品，服务各行各业的数字化制造需求。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
DDD vs RGR — 直观对比
营收规模更大
RGR
是对方的1.4倍
$106.3M
营收增速更快
RGR
高出7.9%
-4.3%
自由现金流更多
RGR
多$29.0M
$-16.6M
两年增速更快
RGR
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $106.3M | $151.1M |
| 净利润 | $-19.5M | — |
| 毛利率 | 30.8% | 17.8% |
| 营业利润率 | -21.3% | 2.3% |
| 净利率 | -18.4% | — |
| 营收同比 | -4.3% | 3.6% |
| 净利润同比 | 41.7% | — |
| 每股收益（稀释后） | $0.04 | $0.22 |
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DDDRGR
| Q4 25 | $106.3M | $151.1M | ||
| Q3 25 | $91.2M | $126.8M | ||
| Q2 25 | $94.8M | $132.5M | ||
| Q1 25 | $94.5M | $135.7M | ||
| Q4 24 | $111.0M | $145.8M | ||
| Q3 24 | $112.9M | $122.3M | ||
| Q2 24 | $113.3M | $130.8M | ||
| Q1 24 | $102.9M | $136.8M |
净利润DDDRGR
| Q4 25 | $-19.5M | — | ||
| Q3 25 | $-18.1M | $1.6M | ||
| Q2 25 | $104.4M | $-17.2M | ||
| Q1 25 | $-37.0M | $7.8M | ||
| Q4 24 | $-33.5M | — | ||
| Q3 24 | $-178.6M | $4.7M | ||
| Q2 24 | $-27.3M | $8.3M | ||
| Q1 24 | $-16.0M | $7.1M |
毛利率DDDRGR
| Q4 25 | 30.8% | 17.8% | ||
| Q3 25 | 32.3% | 15.1% | ||
| Q2 25 | 38.1% | 3.9% | ||
| Q1 25 | 34.6% | 22.0% | ||
| Q4 24 | 31.0% | 22.8% | ||
| Q3 24 | 36.9% | 18.5% | ||
| Q2 24 | 41.6% | 22.3% | ||
| Q1 24 | 39.8% | 21.5% |
营业利润率DDDRGR
| Q4 25 | -21.3% | 2.3% | ||
| Q3 25 | -23.4% | -2.7% | ||
| Q2 25 | -16.2% | -15.6% | ||
| Q1 25 | -38.9% | 6.2% | ||
| Q4 24 | -27.4% | 7.8% | ||
| Q3 24 | -160.0% | 3.1% | ||
| Q2 24 | -23.3% | 6.9% | ||
| Q1 24 | -38.7% | 5.5% |
净利率DDDRGR
| Q4 25 | -18.4% | — | ||
| Q3 25 | -19.8% | 1.2% | ||
| Q2 25 | 110.1% | -13.0% | ||
| Q1 25 | -39.1% | 5.7% | ||
| Q4 24 | -30.1% | — | ||
| Q3 24 | -158.2% | 3.9% | ||
| Q2 24 | -24.1% | 6.3% | ||
| Q1 24 | -15.5% | 5.2% |
每股收益（稀释后）DDDRGR
| Q4 25 | $0.04 | $0.22 | ||
| Q3 25 | $-0.14 | $0.10 | ||
| Q2 25 | $0.57 | $-1.05 | ||
| Q1 25 | $-0.28 | $0.46 | ||
| Q4 24 | $-0.26 | $0.62 | ||
| Q3 24 | $-1.35 | $0.28 | ||
| Q2 24 | $-0.21 | $0.47 | ||
| Q1 24 | $-0.12 | $0.40 |
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 | $95.6M | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $240.4M | $283.8M |
| 总资产 | $521.7M | $342.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资DDDRGR
| Q4 25 | $95.6M | $92.5M | ||
| Q3 25 | $95.5M | $80.8M | ||
| Q2 25 | $116.4M | $101.4M | ||
| Q1 25 | $135.0M | $108.3M | ||
| Q4 24 | $171.3M | $105.5M | ||
| Q3 24 | $190.0M | $96.0M | ||
| Q2 24 | $192.7M | $105.6M | ||
| Q1 24 | $212.0M | $115.3M |
股东权益DDDRGR
| Q4 25 | $240.4M | $283.8M | ||
| Q3 25 | $221.1M | $279.6M | ||
| Q2 25 | $241.2M | $289.3M | ||
| Q1 25 | $145.6M | $321.5M | ||
| Q4 24 | $176.2M | $319.6M | ||
| Q3 24 | $218.0M | $314.9M | ||
| Q2 24 | $381.7M | $321.5M | ||
| Q1 24 | $408.4M | $332.0M |
总资产DDDRGR
| Q4 25 | $521.7M | $342.0M | ||
| Q3 25 | $554.5M | $342.3M | ||
| Q2 25 | $587.8M | $349.5M | ||
| Q1 25 | $583.4M | $379.0M | ||
| Q4 24 | $608.8M | $384.0M | ||
| Q3 24 | $658.3M | $373.5M | ||
| Q2 24 | $821.5M | $376.7M | ||
| Q1 24 | $857.2M | $385.0M |
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 | $-14.7M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $-16.6M | $12.3M |
| 自由现金流率自由现金流/营收 | -15.7% | 8.2% |
| 资本支出强度资本支出/营收 | 1.8% | 2.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-97.8M | $38.5M |
8季度趋势，按日历期对齐
经营现金流DDDRGR
| Q4 25 | $-14.7M | $15.5M | ||
| Q3 25 | $-13.5M | $12.9M | ||
| Q2 25 | $-25.8M | $14.7M | ||
| Q1 25 | $-33.8M | $11.1M | ||
| Q4 24 | $-7.8M | $20.0M | ||
| Q3 24 | $-801.0K | $9.4M | ||
| Q2 24 | $-10.8M | $18.7M | ||
| Q1 24 | $-25.5M | $7.3M |
自由现金流DDDRGR
| Q4 25 | $-16.6M | $12.3M | ||
| Q3 25 | $-15.8M | $7.0M | ||
| Q2 25 | $-28.8M | $9.1M | ||
| Q1 25 | $-36.6M | $10.0M | ||
| Q4 24 | $-13.1M | $16.4M | ||
| Q3 24 | $-4.4M | $2.6M | ||
| Q2 24 | $-14.7M | $10.1M | ||
| Q1 24 | $-28.7M | $5.6M |
自由现金流率DDDRGR
| Q4 25 | -15.7% | 8.2% | ||
| Q3 25 | -17.3% | 5.5% | ||
| Q2 25 | -30.4% | 6.9% | ||
| Q1 25 | -38.7% | 7.4% | ||
| Q4 24 | -11.8% | 11.2% | ||
| Q3 24 | -3.9% | 2.1% | ||
| Q2 24 | -13.0% | 7.7% | ||
| Q1 24 | -27.9% | 4.1% |
资本支出强度DDDRGR
| Q4 25 | 1.8% | 2.1% | ||
| Q3 25 | 2.5% | 4.6% | ||
| Q2 25 | 3.1% | 4.2% | ||
| Q1 25 | 3.0% | 0.8% | ||
| Q4 24 | 4.8% | 2.5% | ||
| Q3 24 | 3.2% | 5.5% | ||
| Q2 24 | 3.5% | 6.6% | ||
| Q1 24 | 3.1% | 1.3% |
现金转化率DDDRGR
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | -0.25× | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
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
DDD
| Products | $62.6M | 59% |
| Services | $43.7M | 41% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
