vs
DELUXE CORP（DLX）与摩丁制造（MOD）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是DELUXE CORP的1.5倍（$805.0M vs $535.2M），DELUXE CORP净利率更高（2.2% vs -5.9%，领先8.1%），摩丁制造同比增速更快（30.5% vs 2.8%），过去两年摩丁制造的营收复合增速更高（15.5% vs 0.0%）
德朗士公司是一家美国企业，提供支付处理、数据服务、票据与促销产品以及商户服务，业务分为B2B支付、数据、印刷和商户服务四大板块。截至2025年，公司为数百万中小企业和数千家金融机构提供服务，每年处理支付交易总额超2.8万亿美元，虽传统核心业务为票据印刷等印刷产品，如今支付与数据服务已成为核心板块。
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
DLX vs MOD — 直观对比
营收规模更大
MOD
是对方的1.5倍
$535.2M
营收增速更快
MOD
高出27.7%
2.8%
净利率更高
DLX
高出8.1%
-5.9%
两年增速更快
MOD
近两年复合增速
0.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $535.2M | $805.0M |
| 净利润 | $12.0M | $-47.4M |
| 毛利率 | 52.2% | 23.1% |
| 营业利润率 | 8.9% | 11.1% |
| 净利率 | 2.2% | -5.9% |
| 营收同比 | 2.8% | 30.5% |
| 净利润同比 | -5.0% | -215.6% |
| 每股收益（稀释后） | $0.25 | $-0.90 |
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DLXMOD
| Q4 25 | $535.2M | $805.0M | ||
| Q3 25 | $540.2M | $738.9M | ||
| Q2 25 | $521.3M | $682.8M | ||
| Q1 25 | $536.5M | $647.2M | ||
| Q4 24 | $520.6M | $616.8M | ||
| Q3 24 | $528.4M | $658.0M | ||
| Q2 24 | $537.8M | $661.5M | ||
| Q1 24 | $535.0M | $603.5M |
净利润DLXMOD
| Q4 25 | $12.0M | $-47.4M | ||
| Q3 25 | $33.7M | $44.4M | ||
| Q2 25 | $22.4M | $51.2M | ||
| Q1 25 | $14.0M | $49.6M | ||
| Q4 24 | $12.6M | $41.0M | ||
| Q3 24 | $8.9M | $46.1M | ||
| Q2 24 | $20.5M | $47.3M | ||
| Q1 24 | $10.8M | $25.8M |
毛利率DLXMOD
| Q4 25 | 52.2% | 23.1% | ||
| Q3 25 | 53.9% | 22.3% | ||
| Q2 25 | 53.6% | 24.2% | ||
| Q1 25 | 52.4% | 25.6% | ||
| Q4 24 | 52.3% | 24.3% | ||
| Q3 24 | 53.3% | 25.2% | ||
| Q2 24 | 53.7% | 24.6% | ||
| Q1 24 | 53.0% | 22.4% |
营业利润率DLXMOD
| Q4 25 | 8.9% | 11.1% | ||
| Q3 25 | 14.0% | 9.9% | ||
| Q2 25 | 11.7% | 11.1% | ||
| Q1 25 | 9.0% | 11.5% | ||
| Q4 24 | 9.0% | 9.6% | ||
| Q3 24 | 7.9% | 11.4% | ||
| Q2 24 | 11.0% | 11.2% | ||
| Q1 24 | 8.3% | 7.8% |
净利率DLXMOD
| Q4 25 | 2.2% | -5.9% | ||
| Q3 25 | 6.2% | 6.0% | ||
| Q2 25 | 4.3% | 7.5% | ||
| Q1 25 | 2.6% | 7.7% | ||
| Q4 24 | 2.4% | 6.6% | ||
| Q3 24 | 1.7% | 7.0% | ||
| Q2 24 | 3.8% | 7.2% | ||
| Q1 24 | 2.0% | 4.3% |
每股收益（稀释后）DLXMOD
| Q4 25 | $0.25 | $-0.90 | ||
| Q3 25 | $0.74 | $0.83 | ||
| Q2 25 | $0.50 | $0.95 | ||
| Q1 25 | $0.31 | $0.92 | ||
| Q4 24 | $0.28 | $0.76 | ||
| Q3 24 | $0.20 | $0.86 | ||
| Q2 24 | $0.46 | $0.88 | ||
| Q1 24 | $0.24 | $0.48 |
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 | $36.9M | $98.7M |
| 总债务越低越好 | — | $570.7M |
| 股东权益账面价值 | $680.7M | $1.1B |
| 总资产 | $2.9B | $2.5B |
| 负债/权益比越低杠杆越低 | — | 0.51× |
8季度趋势，按日历期对齐
现金及短期投资DLXMOD
| Q4 25 | $36.9M | $98.7M | ||
| Q3 25 | $25.8M | $83.8M | ||
| Q2 25 | $26.0M | $124.5M | ||
| Q1 25 | $30.3M | $71.6M | ||
| Q4 24 | $34.4M | $83.8M | ||
| Q3 24 | $41.3M | $78.6M | ||
| Q2 24 | $23.1M | $72.9M | ||
| Q1 24 | $23.5M | $60.1M |
总债务DLXMOD
| Q4 25 | — | $570.7M | ||
| Q3 25 | — | $525.8M | ||
| Q2 25 | — | $482.1M | ||
| Q1 25 | — | $296.7M | ||
| Q4 24 | — | $330.0M | ||
| Q3 24 | — | $359.1M | ||
| Q2 24 | — | $405.7M | ||
| Q1 24 | — | $399.9M |
股东权益DLXMOD
| Q4 25 | $680.7M | $1.1B | ||
| Q3 25 | $664.1M | $1.1B | ||
| Q2 25 | $638.7M | $1.0B | ||
| Q1 25 | $622.5M | $910.2M | ||
| Q4 24 | $620.9M | $855.1M | ||
| Q3 24 | $612.7M | $858.8M | ||
| Q2 24 | $620.5M | $788.4M | ||
| Q1 24 | $608.4M | $747.6M |
总资产DLXMOD
| Q4 25 | $2.9B | $2.5B | ||
| Q3 25 | $2.6B | $2.4B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.6B | $1.9B | ||
| Q4 24 | $2.8B | $1.8B | ||
| Q3 24 | $2.6B | $1.9B | ||
| Q2 24 | $2.7B | $1.9B | ||
| Q1 24 | $2.7B | $1.9B |
负债/权益比DLXMOD
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.48× | ||
| Q1 25 | — | 0.33× | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | 0.42× | ||
| Q2 24 | — | 0.51× | ||
| Q1 24 | — | 0.53× |
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 | $102.1M | $24.7M |
| 自由现金流经营现金流 - 资本支出 | — | $-17.1M |
| 自由现金流率自由现金流/营收 | — | -2.1% |
| 资本支出强度资本支出/营收 | — | 5.2% |
| 现金转化率经营现金流/净利润 | 8.53× | — |
| 过去12个月自由现金流最近4个季度 | — | $-20.3M |
8季度趋势，按日历期对齐
经营现金流DLXMOD
| Q4 25 | $102.1M | $24.7M | ||
| Q3 25 | $67.1M | $1.4M | ||
| Q2 25 | $51.1M | $27.7M | ||
| Q1 25 | $50.3M | $54.8M | ||
| Q4 24 | $60.2M | $60.7M | ||
| Q3 24 | $67.9M | $57.3M | ||
| Q2 24 | $39.6M | $40.5M | ||
| Q1 24 | $26.6M | $39.6M |
自由现金流DLXMOD
| Q4 25 | — | $-17.1M | ||
| Q3 25 | — | $-30.5M | ||
| Q2 25 | $27.8M | $200.0K | ||
| Q1 25 | $24.3M | $27.1M | ||
| Q4 24 | — | $44.7M | ||
| Q3 24 | $46.7M | $43.8M | ||
| Q2 24 | $11.4M | $13.7M | ||
| Q1 24 | $6.1M | $-4.3M |
自由现金流率DLXMOD
| Q4 25 | — | -2.1% | ||
| Q3 25 | — | -4.1% | ||
| Q2 25 | 5.3% | 0.0% | ||
| Q1 25 | 4.5% | 4.2% | ||
| Q4 24 | — | 7.2% | ||
| Q3 24 | 8.8% | 6.7% | ||
| Q2 24 | 2.1% | 2.1% | ||
| Q1 24 | 1.1% | -0.7% |
资本支出强度DLXMOD
| Q4 25 | — | 5.2% | ||
| Q3 25 | — | 4.3% | ||
| Q2 25 | 4.5% | 4.0% | ||
| Q1 25 | 4.8% | 4.3% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 4.0% | 2.1% | ||
| Q2 24 | 5.2% | 4.1% | ||
| Q1 24 | 3.8% | 7.3% |
现金转化率DLXMOD
| Q4 25 | 8.53× | — | ||
| Q3 25 | 1.99× | 0.03× | ||
| Q2 25 | 2.28× | 0.54× | ||
| Q1 25 | 3.59× | 1.10× | ||
| Q4 24 | 4.77× | 1.48× | ||
| Q3 24 | 7.60× | 1.24× | ||
| Q2 24 | 1.94× | 0.86× | ||
| Q1 24 | 2.46× | 1.53× |
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
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
