vs
DT Midstream, Inc.（DTM）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DT Midstream, Inc.的1.5倍（$461.6M vs $317.0M），DT Midstream, Inc.净利率更高（35.0% vs 14.6%，领先20.4%），DT Midstream, Inc.同比增速更快（27.3% vs 17.0%），RBC Bearings INC自由现金流更多（$99.1M vs $30.0M），过去两年DT Midstream, Inc.的营收复合增速更高（14.9% vs 5.6%）
ONEOK是美国油气中游运营商，总部位于俄克拉荷马州塔尔萨，为油气行业提供收集、处理、分馏、运输及存储服务，是财富500强企业及标普500指数成分股。公司1906年成立时名为俄克拉荷马天然气公司，1980年更为现名。
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。
DTM vs RBC — 直观对比
营收规模更大
RBC
是对方的1.5倍
$317.0M
营收增速更快
DTM
高出10.3%
17.0%
净利率更高
DTM
高出20.4%
14.6%
自由现金流更多
RBC
多$69.1M
$30.0M
两年增速更快
DTM
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $317.0M | $461.6M |
| 净利润 | $111.0M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 49.2% | 22.3% |
| 净利率 | 35.0% | 14.6% |
| 营收同比 | 27.3% | 17.0% |
| 净利润同比 | 52.1% | 16.4% |
| 每股收益（稀释后） | $1.07 | $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DTMRBC
| Q4 25 | $317.0M | $461.6M | ||
| Q3 25 | $314.0M | $455.3M | ||
| Q2 25 | $309.0M | $436.0M | ||
| Q1 25 | $303.0M | $437.7M | ||
| Q4 24 | $249.0M | $394.4M | ||
| Q3 24 | $248.0M | $397.9M | ||
| Q2 24 | $244.0M | $406.3M | ||
| Q1 24 | $240.0M | $413.7M |
净利润DTMRBC
| Q4 25 | $111.0M | $67.4M | ||
| Q3 25 | $115.0M | $60.0M | ||
| Q2 25 | $107.0M | $68.5M | ||
| Q1 25 | $108.0M | $72.7M | ||
| Q4 24 | $73.0M | $57.9M | ||
| Q3 24 | $88.0M | $54.2M | ||
| Q2 24 | $96.0M | $61.4M | ||
| Q1 24 | $97.0M | — |
毛利率DTMRBC
| 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DTMRBC
| Q4 25 | 49.2% | 22.3% | ||
| Q3 25 | 49.4% | 21.5% | ||
| Q2 25 | 50.2% | 23.2% | ||
| Q1 25 | 48.8% | 23.0% | ||
| Q4 24 | 45.4% | 21.7% | ||
| Q3 24 | 49.2% | 21.6% | ||
| Q2 24 | 53.3% | 24.0% | ||
| Q1 24 | 51.7% | 22.8% |
净利率DTMRBC
| Q4 25 | 35.0% | 14.6% | ||
| Q3 25 | 36.6% | 13.2% | ||
| Q2 25 | 34.6% | 15.7% | ||
| Q1 25 | 35.6% | 16.6% | ||
| Q4 24 | 29.3% | 14.7% | ||
| Q3 24 | 35.5% | 13.6% | ||
| Q2 24 | 39.3% | 15.1% | ||
| Q1 24 | 40.4% | — |
每股收益（稀释后）DTMRBC
| Q4 25 | $1.07 | $2.13 | ||
| Q3 25 | $1.13 | $1.90 | ||
| Q2 25 | $1.04 | $2.17 | ||
| Q1 25 | $1.06 | $2.33 | ||
| Q4 24 | $0.73 | $1.82 | ||
| Q3 24 | $0.90 | $1.65 | ||
| Q2 24 | $0.98 | $1.90 | ||
| Q1 24 | $0.99 | $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 | $54.0M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $4.7B | $3.3B |
| 总资产 | $10.1B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资DTMRBC
| Q4 25 | $54.0M | $107.6M | ||
| Q3 25 | $98.0M | $91.2M | ||
| Q2 25 | $74.0M | $132.9M | ||
| Q1 25 | $83.0M | $36.8M | ||
| Q4 24 | $68.0M | — | ||
| Q3 24 | $77.0M | — | ||
| Q2 24 | $73.0M | $76.8M | ||
| Q1 24 | $41.0M | $63.5M |
总债务DTMRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $3.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益DTMRBC
| Q4 25 | $4.7B | $3.3B | ||
| Q3 25 | $4.7B | $3.2B | ||
| Q2 25 | $4.7B | $3.1B | ||
| Q1 25 | $4.6B | $3.0B | ||
| Q4 24 | $4.6B | $2.9B | ||
| Q3 24 | $4.2B | $2.9B | ||
| Q2 24 | $4.2B | $2.8B | ||
| Q1 24 | $4.2B | $2.8B |
总资产DTMRBC
| Q4 25 | $10.1B | $5.1B | ||
| Q3 25 | $10.1B | $5.1B | ||
| Q2 25 | $10.0B | $4.8B | ||
| Q1 25 | $9.9B | $4.7B | ||
| Q4 24 | $9.9B | $4.7B | ||
| Q3 24 | $8.6B | $4.7B | ||
| Q2 24 | $9.0B | $4.7B | ||
| Q1 24 | $9.0B | $4.7B |
负债/权益比DTMRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 0.72× | — | ||
| 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 | $161.0M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 9.5% | 21.5% |
| 资本支出强度资本支出/营收 | 41.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.45× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $441.0M | — |
8季度趋势，按日历期对齐
经营现金流DTMRBC
| Q4 25 | $161.0M | $122.1M | ||
| Q3 25 | $274.0M | $88.4M | ||
| Q2 25 | $185.0M | $120.0M | ||
| Q1 25 | $247.0M | — | ||
| Q4 24 | $152.0M | $84.0M | ||
| Q3 24 | $205.0M | — | ||
| Q2 24 | $165.0M | $97.4M | ||
| Q1 24 | $241.0M | — |
自由现金流DTMRBC
| Q4 25 | $30.0M | $99.1M | ||
| Q3 25 | $131.0M | $71.7M | ||
| Q2 25 | $104.0M | $104.3M | ||
| Q1 25 | $176.0M | — | ||
| Q4 24 | $62.0M | $73.6M | ||
| Q3 24 | $124.0M | — | ||
| Q2 24 | $84.0M | $88.4M | ||
| Q1 24 | $143.0M | — |
自由现金流率DTMRBC
| Q4 25 | 9.5% | 21.5% | ||
| Q3 25 | 41.7% | 15.7% | ||
| Q2 25 | 33.7% | 23.9% | ||
| Q1 25 | 58.1% | — | ||
| Q4 24 | 24.9% | 18.7% | ||
| Q3 24 | 50.0% | — | ||
| Q2 24 | 34.4% | 21.8% | ||
| Q1 24 | 59.6% | — |
资本支出强度DTMRBC
| Q4 25 | 41.3% | 5.0% | ||
| Q3 25 | 45.5% | 3.7% | ||
| Q2 25 | 26.2% | 3.6% | ||
| Q1 25 | 23.4% | 3.2% | ||
| Q4 24 | 36.1% | 2.6% | ||
| Q3 24 | 32.7% | 4.1% | ||
| Q2 24 | 33.2% | 2.2% | ||
| Q1 24 | 40.8% | — |
现金转化率DTMRBC
| Q4 25 | 1.45× | 1.81× | ||
| Q3 25 | 2.38× | 1.47× | ||
| Q2 25 | 1.73× | 1.75× | ||
| Q1 25 | 2.29× | — | ||
| Q4 24 | 2.08× | 1.45× | ||
| Q3 24 | 2.33× | — | ||
| Q2 24 | 1.72× | 1.59× | ||
| Q1 24 | 2.48× | — |
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
DTM
| Pipeline Segment | $173.0M | 55% |
| Gathering Segment | $144.0M | 45% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
