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游戏驿站（GME）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
游戏驿站的季度营收约是RBC Bearings INC的1.8倍（$821.0M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 9.4%，领先5.2%），RBC Bearings INC同比增速更快（17.0% vs -4.6%），游戏驿站自由现金流更多（$107.0M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -32.3%）
游戏驿站（GameStop Corp.）是美国知名电子游戏、消费电子及游戏周边零售企业，总部位于得克萨斯州格雷普韦恩，是全球规模最大的电子游戏零售商。截至2025年2月，公司在美、加、澳及欧洲地区共运营3203家门店，旗下拥有EB Games、ThinkGeek等多个零售品牌，前身为1984年于达拉斯成立的Babbage's。
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。
GME vs RBC — 直观对比
营收规模更大
GME
是对方的1.8倍
$461.6M
营收增速更快
RBC
高出21.6%
-4.6%
净利率更高
RBC
高出5.2%
9.4%
自由现金流更多
GME
多$7.9M
$99.1M
两年增速更快
RBC
近两年复合增速
-32.3%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $821.0M | $461.6M |
| 净利润 | $77.1M | $67.4M |
| 毛利率 | 33.3% | 44.3% |
| 营业利润率 | 5.0% | 22.3% |
| 净利率 | 9.4% | 14.6% |
| 营收同比 | -4.6% | 17.0% |
| 净利润同比 | 343.1% | 16.4% |
| 每股收益（稀释后） | $0.13 | $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GMERBC
| Q4 25 | $821.0M | $461.6M | ||
| Q3 25 | $972.2M | $455.3M | ||
| Q2 25 | $732.4M | $436.0M | ||
| Q1 25 | $1.3B | $437.7M | ||
| Q4 24 | $860.3M | $394.4M | ||
| Q3 24 | $798.3M | $397.9M | ||
| Q2 24 | $881.8M | $406.3M | ||
| Q1 24 | $1.8B | $413.7M |
净利润GMERBC
| Q4 25 | $77.1M | $67.4M | ||
| Q3 25 | $168.6M | $60.0M | ||
| Q2 25 | $44.8M | $68.5M | ||
| Q1 25 | $131.4M | $72.7M | ||
| Q4 24 | $17.4M | $57.9M | ||
| Q3 24 | $14.8M | $54.2M | ||
| Q2 24 | $-32.3M | $61.4M | ||
| Q1 24 | $63.1M | — |
毛利率GMERBC
| Q4 25 | 33.3% | 44.3% | ||
| Q3 25 | 29.1% | 44.1% | ||
| Q2 25 | 34.5% | 44.8% | ||
| Q1 25 | 28.3% | 44.2% | ||
| Q4 24 | 29.9% | 44.3% | ||
| Q3 24 | 31.2% | 43.7% | ||
| Q2 24 | 27.7% | 45.3% | ||
| Q1 24 | 23.4% | 43.1% |
营业利润率GMERBC
| Q4 25 | 5.0% | 22.3% | ||
| Q3 25 | 6.8% | 21.5% | ||
| Q2 25 | -1.5% | 23.2% | ||
| Q1 25 | 6.2% | 23.0% | ||
| Q4 24 | -3.9% | 21.7% | ||
| Q3 24 | -2.8% | 21.6% | ||
| Q2 24 | -5.7% | 24.0% | ||
| Q1 24 | 3.1% | 22.8% |
净利率GMERBC
| Q4 25 | 9.4% | 14.6% | ||
| Q3 25 | 17.3% | 13.2% | ||
| Q2 25 | 6.1% | 15.7% | ||
| Q1 25 | 10.2% | 16.6% | ||
| Q4 24 | 2.0% | 14.7% | ||
| Q3 24 | 1.9% | 13.6% | ||
| Q2 24 | -3.7% | 15.1% | ||
| Q1 24 | 3.5% | — |
每股收益（稀释后）GMERBC
| Q4 25 | $0.13 | $2.13 | ||
| Q3 25 | $0.31 | $1.90 | ||
| Q2 25 | $0.09 | $2.17 | ||
| Q1 25 | $0.36 | $2.33 | ||
| Q4 24 | $0.04 | $1.82 | ||
| Q3 24 | $0.04 | $1.65 | ||
| Q2 24 | $-0.11 | $1.90 | ||
| Q1 24 | $0.21 | $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 | $8.8B | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $5.3B | $3.3B |
| 总资产 | $10.6B | $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GMERBC
| Q4 25 | $8.8B | $107.6M | ||
| Q3 25 | $8.7B | $91.2M | ||
| Q2 25 | $6.4B | $132.9M | ||
| Q1 25 | $4.8B | $36.8M | ||
| Q4 24 | $4.6B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $1.1B | $76.8M | ||
| Q1 24 | $1.2B | $63.5M |
总债务GMERBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | $16.9M | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $28.5M | $1.2B |
股东权益GMERBC
| Q4 25 | $5.3B | $3.3B | ||
| Q3 25 | $5.2B | $3.2B | ||
| Q2 25 | $5.0B | $3.1B | ||
| Q1 25 | $4.9B | $3.0B | ||
| Q4 24 | $4.8B | $2.9B | ||
| Q3 24 | $4.4B | $2.9B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.3B | $2.8B |
总资产GMERBC
| Q4 25 | $10.6B | $5.1B | ||
| Q3 25 | $10.3B | $5.1B | ||
| Q2 25 | $7.5B | $4.8B | ||
| Q1 25 | $5.9B | $4.7B | ||
| Q4 24 | $6.2B | $4.7B | ||
| Q3 24 | $5.5B | $4.7B | ||
| Q2 24 | $2.6B | $4.7B | ||
| Q1 24 | $2.7B | $4.7B |
负债/权益比GMERBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | 0.00× | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.02× | 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 | $111.3M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $107.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 13.0% | 21.5% |
| 资本支出强度资本支出/营收 | 0.5% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.44× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $568.7M | — |
8季度趋势，按日历期对齐
经营现金流GMERBC
| Q4 25 | $111.3M | $122.1M | ||
| Q3 25 | $117.4M | $88.4M | ||
| Q2 25 | $192.5M | $120.0M | ||
| Q1 25 | $162.3M | — | ||
| Q4 24 | $24.6M | $84.0M | ||
| Q3 24 | $68.6M | — | ||
| Q2 24 | $-109.8M | $97.4M | ||
| Q1 24 | $-11.0M | — |
自由现金流GMERBC
| Q4 25 | $107.0M | $99.1M | ||
| Q3 25 | $113.3M | $71.7M | ||
| Q2 25 | $189.6M | $104.3M | ||
| Q1 25 | $158.8M | — | ||
| Q4 24 | $20.0M | $73.6M | ||
| Q3 24 | $65.5M | — | ||
| Q2 24 | $-114.7M | $88.4M | ||
| Q1 24 | $-18.7M | — |
自由现金流率GMERBC
| Q4 25 | 13.0% | 21.5% | ||
| Q3 25 | 11.7% | 15.7% | ||
| Q2 25 | 25.9% | 23.9% | ||
| Q1 25 | 12.4% | — | ||
| Q4 24 | 2.3% | 18.7% | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | -13.0% | 21.8% | ||
| Q1 24 | -1.0% | — |
资本支出强度GMERBC
| Q4 25 | 0.5% | 5.0% | ||
| Q3 25 | 0.4% | 3.7% | ||
| Q2 25 | 0.4% | 3.6% | ||
| Q1 25 | 0.3% | 3.2% | ||
| Q4 24 | 0.5% | 2.6% | ||
| Q3 24 | 0.4% | 4.1% | ||
| Q2 24 | 0.6% | 2.2% | ||
| Q1 24 | 0.4% | — |
现金转化率GMERBC
| Q4 25 | 1.44× | 1.81× | ||
| Q3 25 | 0.70× | 1.47× | ||
| Q2 25 | 4.30× | 1.75× | ||
| Q1 25 | 1.24× | — | ||
| Q4 24 | 1.41× | 1.45× | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | -0.17× | — |
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
GME
| Hardware And Accessories | $367.4M | 45% |
| Collectibles | $256.1M | 31% |
| Software | $197.5M | 24% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
