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Dorman Products, Inc.（DORM）与迈心诺（MASI）财务数据对比。点击上方公司名可切换其他公司
Dorman Products, Inc.的季度营收约是迈心诺的1.4倍（$537.9M vs $371.5M），Dorman Products, Inc.净利率更高（2.1% vs -27.0%，领先29.2%），Dorman Products, Inc.同比增速更快（0.8% vs -26.4%），迈心诺自由现金流更多（$50.9M vs $33.5M），过去两年Dorman Products, Inc.的营收复合增速更高（7.1% vs -17.7%）
多尔曼产品公司是美国知名的汽车售后配件制造商，成立于1918年，总部位于宾夕法尼亚州科尔马，在纳斯达克上市，股票代码为DORM，深耕汽车售后市场多年，为市场提供丰富的替换零部件产品。
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
DORM vs MASI — 直观对比
营收规模更大
DORM
是对方的1.4倍
$371.5M
营收增速更快
DORM
高出27.2%
-26.4%
净利率更高
DORM
高出29.2%
-27.0%
自由现金流更多
MASI
多$17.4M
$33.5M
两年增速更快
DORM
近两年复合增速
-17.7%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $537.9M | $371.5M |
| 净利润 | $11.6M | $-100.4M |
| 毛利率 | 42.6% | 62.1% |
| 营业利润率 | 5.8% | 22.5% |
| 净利率 | 2.1% | -27.0% |
| 营收同比 | 0.8% | -26.4% |
| 净利润同比 | -78.8% | -1124.5% |
| 每股收益（稀释后） | $0.38 | $-1.84 |
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DORMMASI
| Q4 25 | $537.9M | — | ||
| Q3 25 | $543.7M | $371.5M | ||
| Q2 25 | $541.0M | $370.9M | ||
| Q1 25 | $507.7M | $372.0M | ||
| Q4 24 | $533.8M | $600.7M | ||
| Q3 24 | $503.8M | $504.6M | ||
| Q2 24 | $503.0M | $496.3M | ||
| Q1 24 | $468.7M | $492.8M |
净利润DORMMASI
| Q4 25 | $11.6M | — | ||
| Q3 25 | $76.4M | $-100.4M | ||
| Q2 25 | $58.7M | $51.3M | ||
| Q1 25 | $57.5M | $-170.7M | ||
| Q4 24 | $54.5M | $-349.6M | ||
| Q3 24 | $55.3M | $9.8M | ||
| Q2 24 | $47.4M | $16.0M | ||
| Q1 24 | $32.8M | $18.9M |
毛利率DORMMASI
| Q4 25 | 42.6% | — | ||
| Q3 25 | 44.4% | 62.1% | ||
| Q2 25 | 40.6% | 62.9% | ||
| Q1 25 | 40.9% | 62.9% | ||
| Q4 24 | 41.5% | 40.7% | ||
| Q3 24 | 40.5% | 52.2% | ||
| Q2 24 | 39.6% | 51.3% | ||
| Q1 24 | 38.7% | 49.0% |
营业利润率DORMMASI
| Q4 25 | 5.8% | — | ||
| Q3 25 | 19.4% | 22.5% | ||
| Q2 25 | 15.2% | 17.4% | ||
| Q1 25 | 15.8% | 21.0% | ||
| Q4 24 | 16.3% | -59.8% | ||
| Q3 24 | 15.7% | 6.0% | ||
| Q2 24 | 14.4% | 5.7% | ||
| Q1 24 | 11.6% | 6.9% |
净利率DORMMASI
| Q4 25 | 2.1% | — | ||
| Q3 25 | 14.1% | -27.0% | ||
| Q2 25 | 10.9% | 13.8% | ||
| Q1 25 | 11.3% | -45.9% | ||
| Q4 24 | 10.2% | -58.2% | ||
| Q3 24 | 11.0% | 1.9% | ||
| Q2 24 | 9.4% | 3.2% | ||
| Q1 24 | 7.0% | 3.8% |
每股收益（稀释后）DORMMASI
| Q4 25 | $0.38 | — | ||
| Q3 25 | $2.48 | $-1.84 | ||
| Q2 25 | $1.91 | $0.94 | ||
| Q1 25 | $1.87 | $-3.12 | ||
| Q4 24 | $1.76 | $-6.54 | ||
| Q3 24 | $1.80 | $0.18 | ||
| Q2 24 | $1.53 | $0.29 | ||
| Q1 24 | $1.05 | $0.35 |
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 | $49.4M | $312.3M |
| 总债务越低越好 | $440.6M | $559.1M |
| 股东权益账面价值 | $1.5B | $810.0M |
| 总资产 | $2.5B | $1.8B |
| 负债/权益比越低杠杆越低 | 0.30× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资DORMMASI
| Q4 25 | $49.4M | — | ||
| Q3 25 | $55.5M | $312.3M | ||
| Q2 25 | $56.8M | $149.6M | ||
| Q1 25 | $60.6M | $130.8M | ||
| Q4 24 | $57.1M | $177.6M | ||
| Q3 24 | $45.1M | $158.5M | ||
| Q2 24 | $47.5M | $129.6M | ||
| Q1 24 | $34.4M | $157.6M |
总债务DORMMASI
| Q4 25 | $440.6M | — | ||
| Q3 25 | — | $559.1M | ||
| Q2 25 | — | $613.7M | ||
| Q1 25 | — | $651.0M | ||
| Q4 24 | $468.8M | $765.2M | ||
| Q3 24 | — | $772.6M | ||
| Q2 24 | — | $781.6M | ||
| Q1 24 | — | $876.0M |
股东权益DORMMASI
| Q4 25 | $1.5B | — | ||
| Q3 25 | $1.5B | $810.0M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.3B | $946.4M | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
总资产DORMMASI
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.6B | $1.8B | ||
| Q2 25 | $2.5B | $2.4B | ||
| Q1 25 | $2.4B | $2.3B | ||
| Q4 24 | $2.4B | $2.6B | ||
| Q3 24 | $2.4B | $3.1B | ||
| Q2 24 | $2.3B | $2.9B | ||
| Q1 24 | $2.2B | $3.0B |
负债/权益比DORMMASI
| Q4 25 | 0.30× | — | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | 0.36× | 0.73× | ||
| Q3 24 | — | 0.53× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.64× |
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 | $41.6M | $56.8M |
| 自由现金流经营现金流 - 资本支出 | $33.5M | $50.9M |
| 自由现金流率自由现金流/营收 | 6.2% | 13.7% |
| 资本支出强度资本支出/营收 | 1.5% | 1.6% |
| 现金转化率经营现金流/净利润 | 3.60× | — |
| 过去12个月自由现金流最近4个季度 | $75.7M | $191.0M |
8季度趋势，按日历期对齐
经营现金流DORMMASI
| Q4 25 | $41.6M | — | ||
| Q3 25 | $12.2M | $56.8M | ||
| Q2 25 | $8.5M | $69.4M | ||
| Q1 25 | $51.2M | $31.1M | ||
| Q4 24 | $71.4M | $50.5M | ||
| Q3 24 | $44.3M | $25.6M | ||
| Q2 24 | $63.3M | $74.5M | ||
| Q1 24 | $52.0M | $45.8M |
自由现金流DORMMASI
| Q4 25 | $33.5M | — | ||
| Q3 25 | $1.8M | $50.9M | ||
| Q2 25 | $98.0K | $65.6M | ||
| Q1 25 | $40.3M | $28.5M | ||
| Q4 24 | $63.2M | $46.0M | ||
| Q3 24 | $35.7M | $16.9M | ||
| Q2 24 | $51.4M | $66.9M | ||
| Q1 24 | $41.2M | $37.6M |
自由现金流率DORMMASI
| Q4 25 | 6.2% | — | ||
| Q3 25 | 0.3% | 13.7% | ||
| Q2 25 | 0.0% | 17.7% | ||
| Q1 25 | 7.9% | 7.7% | ||
| Q4 24 | 11.8% | 7.7% | ||
| Q3 24 | 7.1% | 3.3% | ||
| Q2 24 | 10.2% | 13.5% | ||
| Q1 24 | 8.8% | 7.6% |
资本支出强度DORMMASI
| Q4 25 | 1.5% | — | ||
| Q3 25 | 1.9% | 1.6% | ||
| Q2 25 | 1.6% | 1.0% | ||
| Q1 25 | 2.2% | 0.7% | ||
| Q4 24 | 1.5% | 0.7% | ||
| Q3 24 | 1.7% | 1.7% | ||
| Q2 24 | 2.4% | 1.5% | ||
| Q1 24 | 2.3% | 1.7% |
现金转化率DORMMASI
| Q4 25 | 3.60× | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.15× | 1.35× | ||
| Q1 25 | 0.89× | — | ||
| Q4 24 | 1.31× | — | ||
| Q3 24 | 0.80× | 2.61× | ||
| Q2 24 | 1.34× | 4.66× | ||
| Q1 24 | 1.58× | 2.42× |
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
DORM
| Light Duty | $428.6M | 80% |
| Heavy Duty | $55.8M | 10% |
| Specialty Vehicle | $53.5M | 10% |
MASI
暂无分部数据
