vs
伊萨（ESAB）与REGAL REXNORD CORP（RRX）财务数据对比。点击上方公司名可切换其他公司
REGAL REXNORD CORP的季度营收约是伊萨的2.1倍（$1.5B vs $727.8M）。伊萨净利率更高（7.5% vs 4.2%，领先3.4%）。伊萨同比增速更快（8.5% vs 4.3%）。REGAL REXNORD CORP自由现金流更多（$140.6M vs $70.3M）。过去两年伊萨的营收复合增速更高（2.8% vs -0.8%）
ESAB（全称Elektriska Svetsnings-Aktiebolaget）是一家美国与瑞典合资的跨国工业企业，主营焊接、切割设备及配套耗材的研发、生产与销售，为全球制造业、基建等多领域客户提供专业可靠的工业解决方案，在全球工业市场拥有较高知名度。
Regal Rexnord Corporation（股票代码RRX）总部位于美国威斯康星州密尔沃基，是专业生产电动机与动力传动部件的制造商，在美国、加拿大、墨西哥、欧洲及亚洲多地设有生产、销售及服务机构，全球员工约2.9万人。
ESAB vs RRX — 直观对比
营收规模更大
RRX
是对方的2.1倍
$727.8M
营收增速更快
ESAB
高出4.3%
4.3%
净利率更高
ESAB
高出3.4%
4.2%
自由现金流更多
RRX
多$70.3M
$70.3M
两年增速更快
ESAB
近两年复合增速
-0.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $727.8M | $1.5B |
| 净利润 | $54.8M | $63.4M |
| 毛利率 | 37.0% | 37.5% |
| 营业利润率 | 14.6% | 10.8% |
| 净利率 | 7.5% | 4.2% |
| 营收同比 | 8.5% | 4.3% |
| 净利润同比 | 2.1% | 53.9% |
| 每股收益（稀释后） | $0.90 | $0.95 |
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ESABRRX
| Q4 25 | $727.8M | $1.5B | ||
| Q3 25 | $715.6M | $1.5B | ||
| Q2 25 | $678.1M | $1.5B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $670.8M | $1.5B | ||
| Q3 24 | $673.3M | $1.5B | ||
| Q2 24 | $707.1M | $1.5B | ||
| Q1 24 | $689.7M | $1.5B |
净利润ESABRRX
| Q4 25 | $54.8M | $63.4M | ||
| Q3 25 | $66.9M | $79.6M | ||
| Q2 25 | $67.4M | $79.2M | ||
| Q1 25 | — | $57.3M | ||
| Q4 24 | $53.7M | $41.2M | ||
| Q3 24 | $68.2M | $72.7M | ||
| Q2 24 | $82.9M | $62.5M | ||
| Q1 24 | $60.0M | $19.8M |
毛利率ESABRRX
| Q4 25 | 37.0% | 37.5% | ||
| Q3 25 | 37.2% | 37.0% | ||
| Q2 25 | 37.6% | 37.7% | ||
| Q1 25 | — | 37.2% | ||
| Q4 24 | 38.5% | 34.9% | ||
| Q3 24 | 37.7% | 37.7% | ||
| Q2 24 | 38.2% | 36.9% | ||
| Q1 24 | 37.0% | 35.7% |
营业利润率ESABRRX
| Q4 25 | 14.6% | 10.8% | ||
| Q3 25 | 15.2% | 11.6% | ||
| Q2 25 | 16.2% | 12.2% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | 16.6% | 8.8% | ||
| Q3 24 | 15.7% | 11.8% | ||
| Q2 24 | 16.9% | 12.5% | ||
| Q1 24 | 16.0% | 8.7% |
净利率ESABRRX
| Q4 25 | 7.5% | 4.2% | ||
| Q3 25 | 9.3% | 5.3% | ||
| Q2 25 | 9.9% | 5.3% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 8.0% | 2.8% | ||
| Q3 24 | 10.1% | 4.9% | ||
| Q2 24 | 11.7% | 4.0% | ||
| Q1 24 | 8.7% | 1.3% |
每股收益（稀释后）ESABRRX
| Q4 25 | $0.90 | $0.95 | ||
| Q3 25 | $1.09 | $1.20 | ||
| Q2 25 | $1.10 | $1.19 | ||
| Q1 25 | — | $0.86 | ||
| Q4 24 | $0.87 | $0.61 | ||
| Q3 24 | $1.11 | $1.09 | ||
| Q2 24 | $1.35 | $0.94 | ||
| Q1 24 | $0.98 | $0.30 |
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 | $218.2M | $521.7M |
| 总债务越低越好 | $1.3B | $4.8B |
| 股东权益账面价值 | $2.1B | $6.8B |
| 总资产 | $4.9B | $13.9B |
| 负债/权益比越低杠杆越低 | 0.63× | 0.70× |
8季度趋势，按日历期对齐
现金及短期投资ESABRRX
| Q4 25 | $218.2M | $521.7M | ||
| Q3 25 | $258.2M | $400.0M | ||
| Q2 25 | $291.3M | $320.1M | ||
| Q1 25 | — | $305.3M | ||
| Q4 24 | $249.4M | $393.5M | ||
| Q3 24 | $253.7M | $458.6M | ||
| Q2 24 | $228.5M | $510.4M | ||
| Q1 24 | $76.5M | $465.3M |
总债务ESABRRX
| Q4 25 | $1.3B | $4.8B | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.1B | $5.5B | ||
| Q3 24 | $1.1B | $5.7B | ||
| Q2 24 | $1.1B | $5.8B | ||
| Q1 24 | $992.8M | $6.2B |
股东权益ESABRRX
| Q4 25 | $2.1B | $6.8B | ||
| Q3 25 | $2.1B | $6.8B | ||
| Q2 25 | $1.9B | $6.7B | ||
| Q1 25 | — | $6.4B | ||
| Q4 24 | $1.8B | $6.3B | ||
| Q3 24 | $1.8B | $6.5B | ||
| Q2 24 | $1.7B | $6.4B | ||
| Q1 24 | $1.6B | $6.3B |
总资产ESABRRX
| Q4 25 | $4.9B | $13.9B | ||
| Q3 25 | $4.4B | $13.9B | ||
| Q2 25 | $4.2B | $13.9B | ||
| Q1 25 | — | $14.0B | ||
| Q4 24 | $4.0B | $14.0B | ||
| Q3 24 | $4.1B | $14.6B | ||
| Q2 24 | $4.0B | $14.6B | ||
| Q1 24 | $3.8B | $15.1B |
负债/权益比ESABRRX
| Q4 25 | 0.63× | 0.70× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.55× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.60× | 0.88× | ||
| Q3 24 | 0.59× | 0.87× | ||
| Q2 24 | 0.63× | 0.91× | ||
| Q1 24 | 0.61× | 1.00× |
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 | $81.5M | $167.8M |
| 自由现金流经营现金流 - 资本支出 | $70.3M | $140.6M |
| 自由现金流率自由现金流/营收 | 9.7% | 9.2% |
| 资本支出强度资本支出/营收 | 1.5% | 1.8% |
| 现金转化率经营现金流/净利润 | 1.49× | 2.65× |
| 过去12个月自由现金流最近4个季度 | $238.0M | $893.1M |
8季度趋势，按日历期对齐
经营现金流ESABRRX
| Q4 25 | $81.5M | $167.8M | ||
| Q3 25 | $46.6M | $197.5M | ||
| Q2 25 | $35.4M | $523.2M | ||
| Q1 25 | — | $102.3M | ||
| Q4 24 | $126.9M | $213.2M | ||
| Q3 24 | $101.0M | $154.8M | ||
| Q2 24 | $83.0M | $158.3M | ||
| Q1 24 | $44.5M | $83.1M |
自由现金流ESABRRX
| Q4 25 | $70.3M | $140.6M | ||
| Q3 25 | $37.4M | $174.0M | ||
| Q2 25 | $28.1M | $493.0M | ||
| Q1 25 | — | $85.5M | ||
| Q4 24 | $102.2M | $183.9M | ||
| Q3 24 | $90.4M | $125.5M | ||
| Q2 24 | $74.0M | $125.9M | ||
| Q1 24 | $37.1M | $64.6M |
自由现金流率ESABRRX
| Q4 25 | 9.7% | 9.2% | ||
| Q3 25 | 5.2% | 11.6% | ||
| Q2 25 | 4.1% | 33.0% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | 15.2% | 12.6% | ||
| Q3 24 | 13.4% | 8.5% | ||
| Q2 24 | 10.5% | 8.1% | ||
| Q1 24 | 5.4% | 4.2% |
资本支出强度ESABRRX
| Q4 25 | 1.5% | 1.8% | ||
| Q3 25 | 1.3% | 1.6% | ||
| Q2 25 | 1.1% | 2.0% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | 3.7% | 2.0% | ||
| Q3 24 | 1.6% | 2.0% | ||
| Q2 24 | 1.3% | 2.1% | ||
| Q1 24 | 1.1% | 1.2% |
现金转化率ESABRRX
| Q4 25 | 1.49× | 2.65× | ||
| Q3 25 | 0.70× | 2.48× | ||
| Q2 25 | 0.53× | 6.61× | ||
| Q1 25 | — | 1.79× | ||
| Q4 24 | 2.36× | 5.17× | ||
| Q3 24 | 1.48× | 2.13× | ||
| Q2 24 | 1.00× | 2.53× | ||
| Q1 24 | 0.74× | 4.20× |
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
ESAB
| Consumable Products | $477.9M | 66% |
| Equipment Products | $249.9M | 34% |
RRX
| Other | $470.6M | 31% |
| Industrial Powertrain Solutions Segment | $441.8M | 29% |
| Automation And Motion Control Segment | $327.7M | 22% |
| Power Efficiency Solutions Segment | $283.2M | 19% |
