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COMFORT SYSTEMS USA INC（FIX）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
COMFORT SYSTEMS USA INC的季度营收约是瑞思迈的1.9倍（$2.6B vs $1.4B），瑞思迈净利率更高（27.6% vs 12.5%，领先15.1%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs 11.0%），COMFORT SYSTEMS USA INC自由现金流更多（$402.4M vs $311.2M），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 9.0%）
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
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。
FIX vs RMD — 直观对比
营收规模更大
FIX
是对方的1.9倍
$1.4B
营收增速更快
FIX
高出30.7%
11.0%
净利率更高
RMD
高出15.1%
12.5%
自由现金流更多
FIX
多$91.2M
$311.2M
两年增速更快
FIX
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.6B | $1.4B |
| 净利润 | $330.8M | $392.6M |
| 毛利率 | 25.5% | 61.8% |
| 营业利润率 | 16.1% | 34.6% |
| 净利率 | 12.5% | 27.6% |
| 营收同比 | 41.7% | 11.0% |
| 净利润同比 | 126.8% | 13.9% |
| 每股收益（稀释后） | $9.35 | $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FIXRMD
| Q4 25 | $2.6B | $1.4B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.2B | $1.3B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.8B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
净利润FIXRMD
| Q4 25 | $330.8M | $392.6M | ||
| Q3 25 | $291.6M | $348.5M | ||
| Q2 25 | $230.8M | $379.7M | ||
| Q1 25 | $169.3M | $365.0M | ||
| Q4 24 | $145.9M | $344.6M | ||
| Q3 24 | $146.2M | $311.4M | ||
| Q2 24 | $134.0M | $292.2M | ||
| Q1 24 | $96.3M | $300.5M |
毛利率FIXRMD
| Q4 25 | 25.5% | 61.8% | ||
| Q3 25 | 24.8% | 61.5% | ||
| Q2 25 | 23.5% | 60.8% | ||
| Q1 25 | 22.0% | 59.3% | ||
| Q4 24 | 23.2% | 58.6% | ||
| Q3 24 | 21.1% | 58.6% | ||
| Q2 24 | 20.1% | 58.5% | ||
| Q1 24 | 19.3% | 57.9% |
营业利润率FIXRMD
| Q4 25 | 16.1% | 34.6% | ||
| Q3 25 | 15.5% | 33.4% | ||
| Q2 25 | 13.8% | 33.7% | ||
| Q1 25 | 11.4% | 33.0% | ||
| Q4 24 | 12.1% | 32.5% | ||
| Q3 24 | 11.2% | 31.6% | ||
| Q2 24 | 10.2% | 31.2% | ||
| Q1 24 | 8.8% | 31.3% |
净利率FIXRMD
| Q4 25 | 12.5% | 27.6% | ||
| Q3 25 | 11.9% | 26.1% | ||
| Q2 25 | 10.6% | 28.2% | ||
| Q1 25 | 9.2% | 28.3% | ||
| Q4 24 | 7.8% | 26.9% | ||
| Q3 24 | 8.1% | 25.4% | ||
| Q2 24 | 7.4% | 23.9% | ||
| Q1 24 | 6.3% | 25.1% |
每股收益（稀释后）FIXRMD
| Q4 25 | $9.35 | $2.68 | ||
| Q3 25 | $8.25 | $2.37 | ||
| Q2 25 | $6.53 | $2.58 | ||
| Q1 25 | $4.75 | $2.48 | ||
| Q4 24 | $4.08 | $2.34 | ||
| Q3 24 | $4.09 | $2.11 | ||
| Q2 24 | $3.74 | $1.97 | ||
| Q1 24 | $2.69 | $2.04 |
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 | $981.9M | $1.4B |
| 总债务越低越好 | $145.2M | $403.9M |
| 股东权益账面价值 | $2.4B | $6.3B |
| 总资产 | $6.4B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.06× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资FIXRMD
| Q4 25 | $981.9M | $1.4B | ||
| Q3 25 | $860.5M | $1.4B | ||
| Q2 25 | $331.7M | $1.2B | ||
| Q1 25 | $204.8M | $932.7M | ||
| Q4 24 | $549.9M | $521.9M | ||
| Q3 24 | $415.6M | $426.4M | ||
| Q2 24 | $199.4M | $238.4M | ||
| Q1 24 | $100.8M | $237.9M |
总债务FIXRMD
| Q4 25 | $145.2M | $403.9M | ||
| Q3 25 | $136.0M | $408.7M | ||
| Q2 25 | $73.0M | $658.4M | ||
| Q1 25 | $67.8M | $663.1M | ||
| Q4 24 | $68.3M | $662.9M | ||
| Q3 24 | $62.3M | $667.6M | ||
| Q2 24 | $73.4M | $697.3M | ||
| Q1 24 | $77.0M | $997.0M |
股东权益FIXRMD
| Q4 25 | $2.4B | $6.3B | ||
| Q3 25 | $2.2B | $6.1B | ||
| Q2 25 | $2.0B | $6.0B | ||
| Q1 25 | $1.8B | $5.5B | ||
| Q4 24 | $1.7B | $5.3B | ||
| Q3 24 | $1.6B | $5.2B | ||
| Q2 24 | $1.5B | $4.9B | ||
| Q1 24 | $1.4B | $4.6B |
总资产FIXRMD
| Q4 25 | $6.4B | $8.5B | ||
| Q3 25 | $5.8B | $8.3B | ||
| Q2 25 | $5.1B | $8.2B | ||
| Q1 25 | $4.6B | $7.6B | ||
| Q4 24 | $4.7B | $7.1B | ||
| Q3 24 | $4.4B | $7.2B | ||
| Q2 24 | $4.2B | $6.9B | ||
| Q1 24 | $3.9B | $6.8B |
负债/权益比FIXRMD
| Q4 25 | 0.06× | 0.06× | ||
| Q3 25 | 0.06× | 0.07× | ||
| Q2 25 | 0.04× | 0.11× | ||
| Q1 25 | 0.04× | 0.12× | ||
| Q4 24 | 0.04× | 0.13× | ||
| Q3 24 | 0.04× | 0.13× | ||
| Q2 24 | 0.05× | 0.14× | ||
| Q1 24 | 0.06× | 0.22× |
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 | $468.5M | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $402.4M | $311.2M |
| 自由现金流率自由现金流/营收 | 15.2% | 21.9% |
| 资本支出强度资本支出/营收 | 2.5% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.42× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.8B |
8季度趋势，按日历期对齐
经营现金流FIXRMD
| Q4 25 | $468.5M | $339.7M | ||
| Q3 25 | $553.3M | $457.3M | ||
| Q2 25 | $252.5M | $538.8M | ||
| Q1 25 | $-88.0M | $578.7M | ||
| Q4 24 | $210.5M | $308.6M | ||
| Q3 24 | $302.2M | $325.5M | ||
| Q2 24 | $189.9M | $440.1M | ||
| Q1 24 | $146.6M | $402.0M |
自由现金流FIXRMD
| Q4 25 | $402.4M | $311.2M | ||
| Q3 25 | $517.9M | $414.4M | ||
| Q2 25 | $221.2M | $508.2M | ||
| Q1 25 | $-110.2M | $557.9M | ||
| Q4 24 | $169.8M | $288.0M | ||
| Q3 24 | $280.1M | $307.7M | ||
| Q2 24 | $166.5M | $415.2M | ||
| Q1 24 | $121.6M | $380.8M |
自由现金流率FIXRMD
| Q4 25 | 15.2% | 21.9% | ||
| Q3 25 | 21.1% | 31.0% | ||
| Q2 25 | 10.2% | 37.7% | ||
| Q1 25 | -6.0% | 43.2% | ||
| Q4 24 | 9.1% | 22.5% | ||
| Q3 24 | 15.5% | 25.1% | ||
| Q2 24 | 9.2% | 33.9% | ||
| Q1 24 | 7.9% | 31.8% |
资本支出强度FIXRMD
| Q4 25 | 2.5% | 2.0% | ||
| Q3 25 | 1.4% | 3.2% | ||
| Q2 25 | 1.4% | 2.3% | ||
| Q1 25 | 1.2% | 1.6% | ||
| Q4 24 | 2.2% | 1.6% | ||
| Q3 24 | 1.2% | 1.5% | ||
| Q2 24 | 1.3% | 2.0% | ||
| Q1 24 | 1.6% | 1.8% |
现金转化率FIXRMD
| Q4 25 | 1.42× | 0.87× | ||
| Q3 25 | 1.90× | 1.31× | ||
| Q2 25 | 1.09× | 1.42× | ||
| Q1 25 | -0.52× | 1.59× | ||
| Q4 24 | 1.44× | 0.90× | ||
| Q3 24 | 2.07× | 1.05× | ||
| Q2 24 | 1.42× | 1.51× | ||
| Q1 24 | 1.52× | 1.34× |
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
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
