vs
NATIONAL BEVERAGE CORP（FIZZ）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
NATIONAL BEVERAGE CORP的季度营收约是REPLIGEN CORP的1.5倍（$288.3M vs $197.9M），NATIONAL BEVERAGE CORP净利率更高（16.1% vs 6.7%，领先9.4%），REPLIGEN CORP同比增速更快（13.6% vs -1.0%），NATIONAL BEVERAGE CORP自由现金流更多（$19.9M vs $17.6M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs 3.3%）
国家饮料公司是美国的饮料开发、生产及分销企业，总部位于佛罗里达州劳德代尔堡，主打风味软饮产品，旗下知名品牌包括LaCroix气泡水、Shasta和Faygo等，产品覆盖美国多地消费市场。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
FIZZ vs RGEN — 直观对比
营收规模更大
FIZZ
是对方的1.5倍
$197.9M
营收增速更快
RGEN
高出14.6%
-1.0%
净利率更高
FIZZ
高出9.4%
6.7%
自由现金流更多
FIZZ
多$2.4M
$17.6M
两年增速更快
RGEN
近两年复合增速
3.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $288.3M | $197.9M |
| 净利润 | $46.4M | $13.3M |
| 毛利率 | 37.9% | 52.5% |
| 营业利润率 | 20.1% | 9.0% |
| 净利率 | 16.1% | 6.7% |
| 营收同比 | -1.0% | 13.6% |
| 净利润同比 | 1.6% | 143.9% |
| 每股收益（稀释后） | $0.49 | $0.24 |
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FIZZRGEN
| Q4 25 | $288.3M | $197.9M | ||
| Q3 25 | $330.5M | $188.8M | ||
| Q2 25 | $313.6M | $182.4M | ||
| Q1 25 | $267.1M | $169.2M | ||
| Q4 24 | $291.2M | $174.1M | ||
| Q3 24 | $329.5M | $154.9M | ||
| Q2 24 | $297.3M | $154.1M | ||
| Q1 24 | $270.1M | $151.3M |
净利润FIZZRGEN
| Q4 25 | $46.4M | $13.3M | ||
| Q3 25 | $55.8M | $14.9M | ||
| Q2 25 | $44.8M | $14.9M | ||
| Q1 25 | $39.6M | $5.8M | ||
| Q4 24 | $45.6M | $-30.3M | ||
| Q3 24 | $56.8M | $-654.0K | ||
| Q2 24 | $43.7M | $3.3M | ||
| Q1 24 | $39.6M | $2.1M |
毛利率FIZZRGEN
| Q4 25 | 37.9% | 52.5% | ||
| Q3 25 | 38.0% | 53.2% | ||
| Q2 25 | 36.1% | 50.0% | ||
| Q1 25 | 37.1% | 53.6% | ||
| Q4 24 | 37.6% | 26.1% | ||
| Q3 24 | 37.2% | 50.0% | ||
| Q2 24 | 36.7% | 49.8% | ||
| Q1 24 | 35.9% | 49.5% |
营业利润率FIZZRGEN
| Q4 25 | 20.1% | 9.0% | ||
| Q3 25 | 21.4% | 8.9% | ||
| Q2 25 | 18.3% | 7.6% | ||
| Q1 25 | 18.9% | 3.9% | ||
| Q4 24 | 19.9% | -17.7% | ||
| Q3 24 | 21.1% | -5.1% | ||
| Q2 24 | 17.8% | 1.0% | ||
| Q1 24 | 17.8% | 1.3% |
净利率FIZZRGEN
| Q4 25 | 16.1% | 6.7% | ||
| Q3 25 | 16.9% | 7.9% | ||
| Q2 25 | 14.3% | 8.2% | ||
| Q1 25 | 14.8% | 3.4% | ||
| Q4 24 | 15.7% | -17.4% | ||
| Q3 24 | 17.2% | -0.4% | ||
| Q2 24 | 14.7% | 2.2% | ||
| Q1 24 | 14.7% | 1.4% |
每股收益（稀释后）FIZZRGEN
| Q4 25 | $0.49 | $0.24 | ||
| Q3 25 | $0.60 | $0.26 | ||
| Q2 25 | $0.47 | $0.26 | ||
| Q1 25 | $0.42 | $0.10 | ||
| Q4 24 | $0.49 | $-0.55 | ||
| Q3 24 | $0.61 | $-0.01 | ||
| Q2 24 | $-52.00 | $0.06 | ||
| Q1 24 | $0.42 | $0.04 |
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 | $269.3M | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $551.3M | $2.1B |
| 总资产 | $749.0M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资FIZZRGEN
| Q4 25 | $269.3M | $767.6M | ||
| Q3 25 | $249.8M | $748.7M | ||
| Q2 25 | $193.8M | $708.9M | ||
| Q1 25 | $149.2M | $697.2M | ||
| Q4 24 | $112.8M | $757.4M | ||
| Q3 24 | $77.0M | $784.0M | ||
| Q2 24 | $327.0M | $809.1M | ||
| Q1 24 | $277.0M | $780.6M |
总债务FIZZRGEN
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益FIZZRGEN
| Q4 25 | $551.3M | $2.1B | ||
| Q3 25 | $504.1M | $2.1B | ||
| Q2 25 | $444.0M | $2.1B | ||
| Q1 25 | $400.2M | $2.0B | ||
| Q4 24 | $360.1M | $2.0B | ||
| Q3 24 | $306.6M | $2.0B | ||
| Q2 24 | $559.5M | $2.0B | ||
| Q1 24 | $510.2M | $2.0B |
总资产FIZZRGEN
| Q4 25 | $749.0M | $2.9B | ||
| Q3 25 | $737.8M | $2.9B | ||
| Q2 25 | $672.9M | $2.9B | ||
| Q1 25 | $594.0M | $2.9B | ||
| Q4 24 | $557.4M | $2.8B | ||
| Q3 24 | $522.6M | $2.8B | ||
| Q2 24 | $770.2M | $2.9B | ||
| Q1 24 | $719.9M | $2.8B |
负债/权益比FIZZRGEN
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $25.7M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $19.9M | $17.6M |
| 自由现金流率自由现金流/营收 | 6.9% | 8.9% |
| 资本支出强度资本支出/营收 | 2.0% | 4.1% |
| 现金转化率经营现金流/净利润 | 0.55× | 1.93× |
| 过去12个月自由现金流最近4个季度 | $156.8M | $93.9M |
8季度趋势，按日历期对齐
经营现金流FIZZRGEN
| Q4 25 | $25.7M | $25.7M | ||
| Q3 25 | $59.1M | $48.1M | ||
| Q2 25 | $60.1M | $28.6M | ||
| Q1 25 | $46.5M | $15.0M | ||
| Q4 24 | $42.6M | $39.2M | ||
| Q3 24 | $57.5M | $49.3M | ||
| Q2 24 | $60.4M | $42.2M | ||
| Q1 24 | $35.4M | $44.7M |
自由现金流FIZZRGEN
| Q4 25 | $19.9M | $17.6M | ||
| Q3 25 | $56.0M | $43.4M | ||
| Q2 25 | $44.6M | $21.5M | ||
| Q1 25 | $36.3M | $11.4M | ||
| Q4 24 | $35.7M | $33.6M | ||
| Q3 24 | $53.8M | $42.3M | ||
| Q2 24 | $49.6M | $37.4M | ||
| Q1 24 | $28.7M | $36.4M |
自由现金流率FIZZRGEN
| Q4 25 | 6.9% | 8.9% | ||
| Q3 25 | 16.9% | 23.0% | ||
| Q2 25 | 14.2% | 11.8% | ||
| Q1 25 | 13.6% | 6.8% | ||
| Q4 24 | 12.3% | 19.3% | ||
| Q3 24 | 16.3% | 27.3% | ||
| Q2 24 | 16.7% | 24.3% | ||
| Q1 24 | 10.6% | 24.0% |
资本支出强度FIZZRGEN
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 0.9% | 2.5% | ||
| Q2 25 | 4.9% | 3.9% | ||
| Q1 25 | 3.8% | 2.1% | ||
| Q4 24 | 2.4% | 3.2% | ||
| Q3 24 | 1.1% | 4.5% | ||
| Q2 24 | 3.6% | 3.1% | ||
| Q1 24 | 2.5% | 5.5% |
现金转化率FIZZRGEN
| Q4 25 | 0.55× | 1.93× | ||
| Q3 25 | 1.06× | 3.23× | ||
| Q2 25 | 1.34× | 1.92× | ||
| Q1 25 | 1.17× | 2.57× | ||
| Q4 24 | 0.93× | — | ||
| Q3 24 | 1.01× | — | ||
| Q2 24 | 1.38× | 12.70× | ||
| Q1 24 | 0.89× | 21.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
