vs
ETSY INC（ETSY）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是ETSY INC的1.7倍（$1.4B vs $831.5M），瑞思迈净利率更高（27.6% vs 12.6%，领先15.0%），瑞思迈同比增速更快（11.0% vs 7.6%），过去两年ETSY INC的营收复合增速更高（13.3% vs 7.8%）
Etsy是美国电商企业，主打手工制品、复古商品及手工耗材交易，平台品类覆盖珠宝首饰、服饰、家居装饰、家具、玩具、艺术品等。平台规定复古商品需至少有20年历史，卖家可开设独立店铺，每件上架商品收取0.2美元挂牌费，2013年起平台也允许量产商品入驻销售。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
ETSY vs RMD — 直观对比
营收规模更大
RMD
是对方的1.7倍
$831.5M
营收增速更快
RMD
高出3.4%
7.6%
净利率更高
RMD
高出15.0%
12.6%
两年增速更快
ETSY
近两年复合增速
7.8%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $831.5M | $1.4B |
| 净利润 | $104.7M | $392.6M |
| 毛利率 | 54.8% | 61.8% |
| 营业利润率 | 59.6% | 34.6% |
| 净利率 | 12.6% | 27.6% |
| 营收同比 | 7.6% | 11.0% |
| 净利润同比 | 398.3% | 13.9% |
| 每股收益（稀释后） | $0.89 | $2.68 |
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ETSYRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $831.5M | $1.4B | ||
| Q4 25 | $881.6M | $1.4B | ||
| Q3 25 | $678.0M | $1.3B | ||
| Q2 25 | $672.7M | $1.3B | ||
| Q1 25 | $651.2M | $1.3B | ||
| Q4 24 | $852.2M | $1.3B | ||
| Q3 24 | $662.4M | $1.2B |
净利润ETSYRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $104.7M | $398.7M | ||
| Q4 25 | $110.7M | $392.6M | ||
| Q3 25 | $75.5M | $348.5M | ||
| Q2 25 | $28.8M | $379.7M | ||
| Q1 25 | $-52.1M | $365.0M | ||
| Q4 24 | $129.9M | $344.6M | ||
| Q3 24 | $57.4M | $311.4M |
毛利率ETSYRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | 54.8% | 62.2% | ||
| Q4 25 | 73.1% | 61.8% | ||
| Q3 25 | 71.3% | 61.5% | ||
| Q2 25 | 71.2% | 60.8% | ||
| Q1 25 | 70.5% | 59.3% | ||
| Q4 24 | 74.5% | 58.6% | ||
| Q3 24 | 72.0% | 58.6% |
营业利润率ETSYRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | 59.6% | 34.9% | ||
| Q4 25 | 14.7% | 34.6% | ||
| Q3 25 | 12.2% | 33.4% | ||
| Q2 25 | 11.4% | 33.7% | ||
| Q1 25 | -3.4% | 33.0% | ||
| Q4 24 | 18.2% | 32.5% | ||
| Q3 24 | 13.1% | 31.6% |
净利率ETSYRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | 12.6% | 27.9% | ||
| Q4 25 | 12.6% | 27.6% | ||
| Q3 25 | 11.1% | 26.1% | ||
| Q2 25 | 4.3% | 28.2% | ||
| Q1 25 | -8.0% | 28.3% | ||
| Q4 24 | 15.2% | 26.9% | ||
| Q3 24 | 8.7% | 25.4% |
每股收益（稀释后）ETSYRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | $0.89 | $2.74 | ||
| Q4 25 | $1.00 | $2.68 | ||
| Q3 25 | $0.63 | $2.37 | ||
| Q2 25 | $0.25 | $2.58 | ||
| Q1 25 | $-0.49 | $2.48 | ||
| Q4 24 | $1.01 | $2.34 | ||
| Q3 24 | $0.45 | $2.11 |
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 | $1.4B | $1.4B |
| 总债务越低越好 | — | $663.8M |
| 股东权益账面价值 | — | $6.3B |
| 总资产 | $2.7B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资ETSYRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $1.4B | $1.7B | ||
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $649.2M | $932.7M | ||
| Q4 24 | $811.2M | $521.9M | ||
| Q3 24 | $818.9M | $426.4M |
总债务ETSYRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | $664.1M | ||
| Q4 25 | $2.3B | $403.9M | ||
| Q3 25 | $3.0B | $408.7M | ||
| Q2 25 | $3.0B | $658.4M | ||
| Q1 25 | $2.3B | $663.1M | ||
| Q4 24 | $2.3B | $662.9M | ||
| Q3 24 | $2.3B | $667.6M |
股东权益ETSYRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | $-1.1B | $6.3B | ||
| Q3 25 | $-1.1B | $6.1B | ||
| Q2 25 | $-1.1B | $6.0B | ||
| Q1 25 | $-910.3M | $5.5B | ||
| Q4 24 | $-758.9M | $5.3B | ||
| Q3 24 | $-624.3M | $5.2B |
总资产ETSYRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | $2.7B | $8.8B | ||
| Q4 25 | $2.8B | $8.5B | ||
| Q3 25 | $2.7B | $8.3B | ||
| Q2 25 | $2.6B | $8.2B | ||
| Q1 25 | $2.1B | $7.6B | ||
| Q4 24 | $2.4B | $7.1B | ||
| Q3 24 | $2.4B | $7.2B |
负债/权益比ETSYRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | 0.10× | ||
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× |
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 | $725.0M | — |
| 自由现金流经营现金流 - 资本支出 | $671.2M | — |
| 自由现金流率自由现金流/营收 | 80.7% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 6.93× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流ETSYRMD
| Q2 26 | — | — | ||
| Q1 26 | $725.0M | — | ||
| Q4 25 | $317.1M | $339.7M | ||
| Q3 25 | $219.0M | $457.3M | ||
| Q2 25 | $108.1M | $538.8M | ||
| Q1 25 | $49.2M | $578.7M | ||
| Q4 24 | $315.0M | $308.6M | ||
| Q3 24 | $217.4M | $325.5M |
自由现金流ETSYRMD
| Q2 26 | — | — | ||
| Q1 26 | $671.2M | — | ||
| Q4 25 | $315.9M | $311.2M | ||
| Q3 25 | $215.0M | $414.4M | ||
| Q2 25 | $101.3M | $508.2M | ||
| Q1 25 | $45.9M | $557.9M | ||
| Q4 24 | $310.9M | $288.0M | ||
| Q3 24 | $213.2M | $307.7M |
自由现金流率ETSYRMD
| Q2 26 | — | — | ||
| Q1 26 | 80.7% | — | ||
| Q4 25 | 35.8% | 21.9% | ||
| Q3 25 | 31.7% | 31.0% | ||
| Q2 25 | 15.1% | 37.7% | ||
| Q1 25 | 7.1% | 43.2% | ||
| Q4 24 | 36.5% | 22.5% | ||
| Q3 24 | 32.2% | 25.1% |
资本支出强度ETSYRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 0.6% | 3.2% | ||
| Q2 25 | 1.0% | 2.3% | ||
| Q1 25 | 0.5% | 1.6% | ||
| Q4 24 | 0.5% | 1.6% | ||
| Q3 24 | 0.6% | 1.5% |
现金转化率ETSYRMD
| Q2 26 | — | — | ||
| Q1 26 | 6.93× | — | ||
| Q4 25 | 2.86× | 0.87× | ||
| Q3 25 | 2.90× | 1.31× | ||
| Q2 25 | 3.75× | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 2.42× | 0.90× | ||
| Q3 24 | 3.79× | 1.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
