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三维系统（DDD）与RMR GROUP INC.（RMR）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RMR GROUP INC.的1.6倍（$106.3M vs $66.7M），RMR GROUP INC.净利率更高（18.3% vs -18.4%，领先36.6%），RMR GROUP INC.同比增速更快（40.8% vs -4.3%）
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。
RMR集团是总部位于美国的另类资产管理企业，核心业务聚焦不动产及相关投资，覆盖商业地产、住宅物业、基础设施等赛道，服务全球核心市场的机构投资者、高净值人士及零售客户。
DDD vs RMR — 直观对比
营收规模更大
DDD
是对方的1.6倍
$66.7M
营收增速更快
RMR
高出45.0%
-4.3%
净利率更高
RMR
高出36.6%
-18.4%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $106.3M | $66.7M |
| 净利润 | $-19.5M | $12.2M |
| 毛利率 | 30.8% | — |
| 营业利润率 | -21.3% | 48.1% |
| 净利率 | -18.4% | 18.3% |
| 营收同比 | -4.3% | 40.8% |
| 净利润同比 | 41.7% | 91.1% |
| 每股收益（稀释后） | $0.04 | $0.71 |
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DDDRMR
| Q4 25 | $106.3M | $66.7M | ||
| Q3 25 | $91.2M | — | ||
| Q2 25 | $94.8M | — | ||
| Q1 25 | $94.5M | — | ||
| Q4 24 | $111.0M | — | ||
| Q3 24 | $112.9M | — | ||
| Q2 24 | $113.3M | — | ||
| Q1 24 | $102.9M | — |
净利润DDDRMR
| Q4 25 | $-19.5M | $12.2M | ||
| Q3 25 | $-18.1M | — | ||
| Q2 25 | $104.4M | — | ||
| Q1 25 | $-37.0M | — | ||
| Q4 24 | $-33.5M | — | ||
| Q3 24 | $-178.6M | — | ||
| Q2 24 | $-27.3M | — | ||
| Q1 24 | $-16.0M | — |
毛利率DDDRMR
| 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DDDRMR
| Q4 25 | -21.3% | 48.1% | ||
| Q3 25 | -23.4% | — | ||
| Q2 25 | -16.2% | — | ||
| Q1 25 | -38.9% | — | ||
| Q4 24 | -27.4% | — | ||
| Q3 24 | -160.0% | — | ||
| Q2 24 | -23.3% | — | ||
| Q1 24 | -38.7% | — |
净利率DDDRMR
| Q4 25 | -18.4% | 18.3% | ||
| Q3 25 | -19.8% | — | ||
| Q2 25 | 110.1% | — | ||
| Q1 25 | -39.1% | — | ||
| Q4 24 | -30.1% | — | ||
| Q3 24 | -158.2% | — | ||
| Q2 24 | -24.1% | — | ||
| Q1 24 | -15.5% | — |
每股收益（稀释后）DDDRMR
| Q4 25 | $0.04 | $0.71 | ||
| Q3 25 | $-0.14 | — | ||
| Q2 25 | $0.57 | — | ||
| Q1 25 | $-0.28 | — | ||
| Q4 24 | $-0.26 | — | ||
| Q3 24 | $-1.35 | — | ||
| Q2 24 | $-0.21 | — | ||
| Q1 24 | $-0.12 | — |
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 | $49.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $240.4M | $232.7M |
| 总资产 | $521.7M | $687.1M |
| 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DDDRMR
| Q4 25 | $95.6M | $49.3M | ||
| Q3 25 | $95.5M | — | ||
| Q2 25 | $116.4M | — | ||
| Q1 25 | $135.0M | — | ||
| Q4 24 | $171.3M | — | ||
| Q3 24 | $190.0M | — | ||
| Q2 24 | $192.7M | — | ||
| Q1 24 | $212.0M | — |
股东权益DDDRMR
| Q4 25 | $240.4M | $232.7M | ||
| Q3 25 | $221.1M | — | ||
| Q2 25 | $241.2M | — | ||
| Q1 25 | $145.6M | — | ||
| Q4 24 | $176.2M | — | ||
| Q3 24 | $218.0M | — | ||
| Q2 24 | $381.7M | — | ||
| Q1 24 | $408.4M | — |
总资产DDDRMR
| Q4 25 | $521.7M | $687.1M | ||
| Q3 25 | $554.5M | — | ||
| Q2 25 | $587.8M | — | ||
| Q1 25 | $583.4M | — | ||
| Q4 24 | $608.8M | — | ||
| Q3 24 | $658.3M | — | ||
| Q2 24 | $821.5M | — | ||
| Q1 24 | $857.2M | — |
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 | $10.7M |
| 自由现金流经营现金流 - 资本支出 | $-16.6M | — |
| 自由现金流率自由现金流/营收 | -15.7% | — |
| 资本支出强度资本支出/营收 | 1.8% | — |
| 现金转化率经营现金流/净利润 | — | 0.88× |
| 过去12个月自由现金流最近4个季度 | $-97.8M | — |
8季度趋势，按日历期对齐
经营现金流DDDRMR
| Q4 25 | $-14.7M | $10.7M | ||
| Q3 25 | $-13.5M | — | ||
| Q2 25 | $-25.8M | — | ||
| Q1 25 | $-33.8M | — | ||
| Q4 24 | $-7.8M | — | ||
| Q3 24 | $-801.0K | — | ||
| Q2 24 | $-10.8M | — | ||
| Q1 24 | $-25.5M | — |
自由现金流DDDRMR
| Q4 25 | $-16.6M | — | ||
| Q3 25 | $-15.8M | — | ||
| Q2 25 | $-28.8M | — | ||
| Q1 25 | $-36.6M | — | ||
| Q4 24 | $-13.1M | — | ||
| Q3 24 | $-4.4M | — | ||
| Q2 24 | $-14.7M | — | ||
| Q1 24 | $-28.7M | — |
自由现金流率DDDRMR
| Q4 25 | -15.7% | — | ||
| Q3 25 | -17.3% | — | ||
| Q2 25 | -30.4% | — | ||
| Q1 25 | -38.7% | — | ||
| Q4 24 | -11.8% | — | ||
| Q3 24 | -3.9% | — | ||
| Q2 24 | -13.0% | — | ||
| Q1 24 | -27.9% | — |
资本支出强度DDDRMR
| Q4 25 | 1.8% | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 3.1% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.1% | — |
现金转化率DDDRMR
| Q4 25 | — | 0.88× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.25× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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% |
RMR
| Management Service Incentive | $23.6M | 35% |
| Industrial Logistics Properties Trust | $15.1M | 23% |
| Managed Private Real Estate Capital | $11.1M | 17% |
| Office Properties Income Trust | $5.6M | 8% |
| Other Private Entities | $5.3M | 8% |
| RMR Residential | $3.4M | 5% |
| Sonesta International Hotels Corporation | $2.1M | 3% |
| Investment Advisory Management And Administrative Service | $1.2M | 2% |
