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三维系统（DDD）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
三维系统的季度营收约是REGIS CORP的1.9倍（$106.3M vs $57.1M），REGIS CORP净利率更高（0.8% vs -18.4%，领先19.2%），REGIS CORP同比增速更快（22.3% vs -4.3%），REGIS CORP自由现金流更多（$891.0K vs $-16.6M），过去两年REGIS CORP的营收复合增速更高（7.8% 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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
DDD vs RGS — 直观对比
营收规模更大
DDD
是对方的1.9倍
$57.1M
营收增速更快
RGS
高出26.5%
-4.3%
净利率更高
RGS
高出19.2%
-18.4%
自由现金流更多
RGS
多$17.5M
$-16.6M
两年增速更快
RGS
近两年复合增速
1.6%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $106.3M | $57.1M |
| 净利润 | $-19.5M | $456.0K |
| 毛利率 | 30.8% | — |
| 营业利润率 | -21.3% | 10.8% |
| 净利率 | -18.4% | 0.8% |
| 营收同比 | -4.3% | 22.3% |
| 净利润同比 | 41.7% | -94.0% |
| 每股收益（稀释后） | $0.04 | $0.16 |
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DDDRGS
| Q4 25 | $106.3M | $57.1M | ||
| Q3 25 | $91.2M | $59.0M | ||
| Q2 25 | $94.8M | $60.4M | ||
| Q1 25 | $94.5M | $57.0M | ||
| Q4 24 | $111.0M | $46.7M | ||
| Q3 24 | $112.9M | $46.1M | ||
| Q2 24 | $113.3M | $49.4M | ||
| Q1 24 | $102.9M | $49.2M |
净利润DDDRGS
| Q4 25 | $-19.5M | $456.0K | ||
| Q3 25 | $-18.1M | $1.4M | ||
| Q2 25 | $104.4M | $116.5M | ||
| Q1 25 | $-37.0M | $250.0K | ||
| Q4 24 | $-33.5M | $7.6M | ||
| Q3 24 | $-178.6M | $-853.0K | ||
| Q2 24 | $-27.3M | $91.2M | ||
| Q1 24 | $-16.0M | $-2.3M |
毛利率DDDRGS
| Q4 25 | 30.8% | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 38.1% | — | ||
| Q1 25 | 34.6% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 36.9% | — | ||
| Q2 24 | 41.6% | — | ||
| Q1 24 | 39.8% | — |
营业利润率DDDRGS
| Q4 25 | -21.3% | 10.8% | ||
| Q3 25 | -23.4% | 10.0% | ||
| Q2 25 | -16.2% | 12.1% | ||
| Q1 25 | -38.9% | 8.8% | ||
| Q4 24 | -27.4% | 11.8% | ||
| Q3 24 | -160.0% | 4.6% | ||
| Q2 24 | -23.3% | — | ||
| Q1 24 | -38.7% | 8.3% |
净利率DDDRGS
| Q4 25 | -18.4% | 0.8% | ||
| Q3 25 | -19.8% | 2.3% | ||
| Q2 25 | 110.1% | 192.9% | ||
| Q1 25 | -39.1% | 0.4% | ||
| Q4 24 | -30.1% | 16.4% | ||
| Q3 24 | -158.2% | -1.9% | ||
| Q2 24 | -24.1% | 184.7% | ||
| Q1 24 | -15.5% | -4.7% |
每股收益（稀释后）DDDRGS
| Q4 25 | $0.04 | $0.16 | ||
| Q3 25 | $-0.14 | $0.49 | ||
| Q2 25 | $0.57 | $43.67 | ||
| Q1 25 | $-0.28 | $0.08 | ||
| Q4 24 | $-0.26 | $2.71 | ||
| Q3 24 | $-1.35 | $-0.36 | ||
| Q2 24 | $-0.21 | $38.40 | ||
| Q1 24 | $-0.12 | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $240.4M | $188.7M |
| 总资产 | $521.7M | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资DDDRGS
| Q4 25 | $95.6M | $18.4M | ||
| Q3 25 | $95.5M | $16.6M | ||
| Q2 25 | $116.4M | $17.0M | ||
| Q1 25 | $135.0M | $13.3M | ||
| Q4 24 | $171.3M | $10.2M | ||
| Q3 24 | $190.0M | $6.3M | ||
| Q2 24 | $192.7M | $10.1M | ||
| Q1 24 | $212.0M | $5.9M |
总债务DDDRGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益DDDRGS
| Q4 25 | $240.4M | $188.7M | ||
| Q3 25 | $221.1M | $187.6M | ||
| Q2 25 | $241.2M | $185.6M | ||
| Q1 25 | $145.6M | $68.6M | ||
| Q4 24 | $176.2M | $66.7M | ||
| Q3 24 | $218.0M | $56.4M | ||
| Q2 24 | $381.7M | $56.8M | ||
| Q1 24 | $408.4M | $-35.8M |
总资产DDDRGS
| Q4 25 | $521.7M | $588.3M | ||
| Q3 25 | $554.5M | $592.1M | ||
| Q2 25 | $587.8M | $599.0M | ||
| Q1 25 | $583.4M | $511.2M | ||
| Q4 24 | $608.8M | $530.1M | ||
| Q3 24 | $658.3M | $508.9M | ||
| Q2 24 | $821.5M | $530.5M | ||
| Q1 24 | $857.2M | $543.7M |
负债/权益比DDDRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | — |
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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-16.6M | $891.0K |
| 自由现金流率自由现金流/营收 | -15.7% | 1.6% |
| 资本支出强度资本支出/营收 | 1.8% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | $-97.8M | $14.9M |
8季度趋势，按日历期对齐
经营现金流DDDRGS
| Q4 25 | $-14.7M | $1.7M | ||
| Q3 25 | $-13.5M | $2.3M | ||
| Q2 25 | $-25.8M | $6.8M | ||
| Q1 25 | $-33.8M | $6.2M | ||
| Q4 24 | $-7.8M | $2.1M | ||
| Q3 24 | $-801.0K | $-1.3M | ||
| Q2 24 | $-10.8M | $5.1M | ||
| Q1 24 | $-25.5M | $-277.0K |
自由现金流DDDRGS
| Q4 25 | $-16.6M | $891.0K | ||
| Q3 25 | $-15.8M | $1.9M | ||
| Q2 25 | $-28.8M | $6.2M | ||
| Q1 25 | $-36.6M | $5.9M | ||
| Q4 24 | $-13.1M | $1.7M | ||
| Q3 24 | $-4.4M | $-1.4M | ||
| Q2 24 | $-14.7M | $5.1M | ||
| Q1 24 | $-28.7M | $-326.0K |
自由现金流率DDDRGS
| Q4 25 | -15.7% | 1.6% | ||
| Q3 25 | -17.3% | 3.2% | ||
| Q2 25 | -30.4% | 10.3% | ||
| Q1 25 | -38.7% | 10.3% | ||
| Q4 24 | -11.8% | 3.6% | ||
| Q3 24 | -3.9% | -3.0% | ||
| Q2 24 | -13.0% | 10.3% | ||
| Q1 24 | -27.9% | -0.7% |
资本支出强度DDDRGS
| Q4 25 | 1.8% | 1.4% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 3.1% | 0.9% | ||
| Q1 25 | 3.0% | 0.6% | ||
| Q4 24 | 4.8% | 0.9% | ||
| Q3 24 | 3.2% | 0.0% | ||
| Q2 24 | 3.5% | 0.0% | ||
| Q1 24 | 3.1% | 0.1% |
现金转化率DDDRGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | -0.25× | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| 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
DDD
| Products | $62.6M | 59% |
| Services | $43.7M | 41% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
