vs
GE医疗（DHC）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
RBC Bearings INC的季度营收约是GE医疗的1.2倍（$461.6M vs $379.6M），RBC Bearings INC净利率更高（14.6% vs -5.6%，领先20.2%），RBC Bearings INC同比增速更快（17.0% vs -0.0%），RBC Bearings INC自由现金流更多（$99.1M vs $-166.4M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 1.2%）
GE医疗是一家总部位于美国伊利诺伊州芝加哥市的医疗科技企业，业务涵盖四大板块：医疗影像设备，包括分子成像、CT、核磁共振、妇科健康筛查及X光系统；超声设备；患者护理解决方案，聚焦远程患者监测、麻醉呼吸护理、心脏诊断及婴幼儿护理；此外还涉及医药相关领域，是全球医疗行业的知名企业。
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。
DHC vs RBC — 直观对比
营收规模更大
RBC
是对方的1.2倍
$379.6M
营收增速更快
RBC
高出17.1%
-0.0%
净利率更高
RBC
高出20.2%
-5.6%
自由现金流更多
RBC
多$265.5M
$-166.4M
两年增速更快
RBC
近两年复合增速
1.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $379.6M | $461.6M |
| 净利润 | $-21.2M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | -12.6% | 22.3% |
| 净利率 | -5.6% | 14.6% |
| 营收同比 | -0.0% | 17.0% |
| 净利润同比 | 75.7% | 16.4% |
| 每股收益（稀释后） | $-0.09 | $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DHCRBC
| Q4 25 | $379.6M | $461.6M | ||
| Q3 25 | $388.7M | $455.3M | ||
| Q2 25 | $382.7M | $436.0M | ||
| Q1 25 | $386.9M | $437.7M | ||
| Q4 24 | $379.6M | $394.4M | ||
| Q3 24 | $373.6M | $397.9M | ||
| Q2 24 | $371.4M | $406.3M | ||
| Q1 24 | $370.8M | $413.7M |
净利润DHCRBC
| Q4 25 | $-21.2M | $67.4M | ||
| Q3 25 | $-164.0M | $60.0M | ||
| Q2 25 | $-91.6M | $68.5M | ||
| Q1 25 | $-9.0M | $72.7M | ||
| Q4 24 | $-87.4M | $57.9M | ||
| Q3 24 | $-98.7M | $54.2M | ||
| Q2 24 | $-97.9M | $61.4M | ||
| Q1 24 | $-86.3M | — |
毛利率DHCRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率DHCRBC
| Q4 25 | -12.6% | 22.3% | ||
| Q3 25 | -43.4% | 21.5% | ||
| Q2 25 | -24.5% | 23.2% | ||
| Q1 25 | -2.7% | 23.0% | ||
| Q4 24 | -26.1% | 21.7% | ||
| Q3 24 | -26.5% | 21.6% | ||
| Q2 24 | -23.0% | 24.0% | ||
| Q1 24 | -23.7% | 22.8% |
净利率DHCRBC
| Q4 25 | -5.6% | 14.6% | ||
| Q3 25 | -42.2% | 13.2% | ||
| Q2 25 | -23.9% | 15.7% | ||
| Q1 25 | -2.3% | 16.6% | ||
| Q4 24 | -23.0% | 14.7% | ||
| Q3 24 | -26.4% | 13.6% | ||
| Q2 24 | -26.3% | 15.1% | ||
| Q1 24 | -23.3% | — |
每股收益（稀释后）DHCRBC
| Q4 25 | $-0.09 | $2.13 | ||
| Q3 25 | $-0.68 | $1.90 | ||
| Q2 25 | $-0.38 | $2.17 | ||
| Q1 25 | $-0.04 | $2.33 | ||
| Q4 24 | $-0.37 | $1.82 | ||
| Q3 24 | $-0.41 | $1.65 | ||
| Q2 24 | $-0.41 | $1.90 | ||
| Q1 24 | $-0.36 | $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 | $105.4M | $107.6M |
| 总债务越低越好 | $2.4B | $990.2M |
| 股东权益账面价值 | $1.7B | $3.3B |
| 总资产 | $4.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.47× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资DHCRBC
| Q4 25 | $105.4M | $107.6M | ||
| Q3 25 | $201.4M | $91.2M | ||
| Q2 25 | $141.8M | $132.9M | ||
| Q1 25 | $302.6M | $36.8M | ||
| Q4 24 | $144.6M | — | ||
| Q3 24 | $256.5M | — | ||
| Q2 24 | $265.6M | $76.8M | ||
| Q1 24 | $207.1M | $63.5M |
总债务DHCRBC
| Q4 25 | $2.4B | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益DHCRBC
| Q4 25 | $1.7B | $3.3B | ||
| Q3 25 | $1.7B | $3.2B | ||
| Q2 25 | $1.9B | $3.1B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $2.0B | $2.9B | ||
| Q3 24 | $2.0B | $2.9B | ||
| Q2 24 | $2.1B | $2.8B | ||
| Q1 24 | $2.2B | $2.8B |
总资产DHCRBC
| Q4 25 | $4.4B | $5.1B | ||
| Q3 25 | $4.7B | $5.1B | ||
| Q2 25 | $4.8B | $4.8B | ||
| Q1 25 | $5.0B | $4.7B | ||
| Q4 24 | $5.1B | $4.7B | ||
| Q3 24 | $5.3B | $4.7B | ||
| Q2 24 | $5.3B | $4.7B | ||
| Q1 24 | $5.3B | $4.7B |
负债/权益比DHCRBC
| Q4 25 | 1.47× | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 1.56× | — | ||
| 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 | $-19.6M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-166.4M | $99.1M |
| 自由现金流率自由现金流/营收 | -43.8% | 21.5% |
| 资本支出强度资本支出/营收 | 38.7% | 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 | $-280.3M | — |
8季度趋势，按日历期对齐
经营现金流DHCRBC
| Q4 25 | $-19.6M | $122.1M | ||
| Q3 25 | $-49.3M | $88.4M | ||
| Q2 25 | $53.0M | $120.0M | ||
| Q1 25 | $-3.2M | — | ||
| Q4 24 | $112.2M | $84.0M | ||
| Q3 24 | $21.1M | — | ||
| Q2 24 | $44.3M | $97.4M | ||
| Q1 24 | $28.6M | — |
自由现金流DHCRBC
| Q4 25 | $-166.4M | $99.1M | ||
| Q3 25 | $-89.8M | $71.7M | ||
| Q2 25 | $18.8M | $104.3M | ||
| Q1 25 | $-42.9M | — | ||
| Q4 24 | $-89.5M | $73.6M | ||
| Q3 24 | $-26.1M | — | ||
| Q2 24 | $3.3M | $88.4M | ||
| Q1 24 | $-18.1M | — |
自由现金流率DHCRBC
| Q4 25 | -43.8% | 21.5% | ||
| Q3 25 | -23.1% | 15.7% | ||
| Q2 25 | 4.9% | 23.9% | ||
| Q1 25 | -11.1% | — | ||
| Q4 24 | -23.6% | 18.7% | ||
| Q3 24 | -7.0% | — | ||
| Q2 24 | 0.9% | 21.8% | ||
| Q1 24 | -4.9% | — |
资本支出强度DHCRBC
| Q4 25 | 38.7% | 5.0% | ||
| Q3 25 | 10.4% | 3.7% | ||
| Q2 25 | 8.9% | 3.6% | ||
| Q1 25 | 10.2% | 3.2% | ||
| Q4 24 | 53.1% | 2.6% | ||
| Q3 24 | 12.6% | 4.1% | ||
| Q2 24 | 11.0% | 2.2% | ||
| Q1 24 | 12.6% | — |
现金转化率DHCRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 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
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
