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GRAIL, Inc.（GRAL）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
REGIS CORP的季度营收约是GRAIL, Inc.的1.3倍（$57.1M vs $43.6M），REGIS CORP净利率更高（0.8% vs -227.5%，领先228.3%），REGIS CORP同比增速更快（22.3% vs 14.0%），REGIS CORP自由现金流更多（$891.0K vs $-63.9M），过去两年GRAIL, Inc.的营收复合增速更高（27.7% vs 7.8%）
GRAIL是2015年成立的美国生物技术企业，总部位于加利福尼亚州门洛帕克，核心业务是研发面向无症状人群的癌症早期筛查检测产品。该公司最初是基因测序企业Illumina旗下的初创子公司，2021年被Illumina全资收购。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
GRAL vs RGS — 直观对比
营收规模更大
RGS
是对方的1.3倍
$43.6M
营收增速更快
RGS
高出8.3%
14.0%
净利率更高
RGS
高出228.3%
-227.5%
自由现金流更多
RGS
多$64.8M
$-63.9M
两年增速更快
GRAL
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $43.6M | $57.1M |
| 净利润 | $-99.2M | $456.0K |
| 毛利率 | — | — |
| 营业利润率 | -285.4% | 10.8% |
| 净利率 | -227.5% | 0.8% |
| 营收同比 | 14.0% | 22.3% |
| 净利润同比 | -2.2% | -94.0% |
| 每股收益（稀释后） | $-2.37 | $0.16 |
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GRALRGS
| Q4 25 | $43.6M | $57.1M | ||
| Q3 25 | $36.2M | $59.0M | ||
| Q2 25 | $35.5M | $60.4M | ||
| Q1 25 | $31.8M | $57.0M | ||
| Q4 24 | $38.3M | $46.7M | ||
| Q3 24 | $28.7M | $46.1M | ||
| Q2 24 | $32.0M | $49.4M | ||
| Q1 24 | $26.7M | $49.2M |
净利润GRALRGS
| Q4 25 | $-99.2M | $456.0K | ||
| Q3 25 | $-89.0M | $1.4M | ||
| Q2 25 | $-114.0M | $116.5M | ||
| Q1 25 | $-106.2M | $250.0K | ||
| Q4 24 | $-97.1M | $7.6M | ||
| Q3 24 | $-125.7M | $-853.0K | ||
| Q2 24 | $-1.6B | $91.2M | ||
| Q1 24 | $-218.9M | $-2.3M |
营业利润率GRALRGS
| Q4 25 | -285.4% | 10.8% | ||
| Q3 25 | -346.2% | 10.0% | ||
| Q2 25 | -446.9% | 12.1% | ||
| Q1 25 | -482.5% | 8.8% | ||
| Q4 24 | -358.0% | 11.8% | ||
| Q3 24 | -640.5% | 4.6% | ||
| Q2 24 | -5133.8% | — | ||
| Q1 24 | -851.1% | 8.3% |
净利率GRALRGS
| Q4 25 | -227.5% | 0.8% | ||
| Q3 25 | -245.8% | 2.3% | ||
| Q2 25 | -320.7% | 192.9% | ||
| Q1 25 | -333.6% | 0.4% | ||
| Q4 24 | -253.8% | 16.4% | ||
| Q3 24 | -438.7% | -1.9% | ||
| Q2 24 | -4958.8% | 184.7% | ||
| Q1 24 | -819.3% | -4.7% |
每股收益（稀释后）GRALRGS
| Q4 25 | $-2.37 | $0.16 | ||
| Q3 25 | $-2.46 | $0.49 | ||
| Q2 25 | $-3.18 | $43.67 | ||
| Q1 25 | $-3.10 | $0.08 | ||
| Q4 24 | $-1.49 | $2.71 | ||
| Q3 24 | $-3.94 | $-0.36 | ||
| Q2 24 | $-51.06 | $38.40 | ||
| Q1 24 | $-7.05 | $-1.00 |
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 | $249.7M | $18.4M |
| 总债务越低越好 | — | $113.3M |
| 股东权益账面价值 | $2.6B | $188.7M |
| 总资产 | $2.9B | $588.3M |
| 负债/权益比越低杠杆越低 | — | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资GRALRGS
| Q4 25 | $249.7M | $18.4M | ||
| Q3 25 | $126.9M | $16.6M | ||
| Q2 25 | $127.4M | $17.0M | ||
| Q1 25 | $133.9M | $13.3M | ||
| Q4 24 | $214.2M | $10.2M | ||
| Q3 24 | $853.6M | $6.3M | ||
| Q2 24 | $958.8M | $10.1M | ||
| Q1 24 | $199.7M | $5.9M |
总债务GRALRGS
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M | ||
| Q1 24 | — | $179.7M |
股东权益GRALRGS
| Q4 25 | $2.6B | $188.7M | ||
| Q3 25 | $2.2B | $187.6M | ||
| Q2 25 | $2.3B | $185.6M | ||
| Q1 25 | $2.4B | $68.6M | ||
| Q4 24 | $2.5B | $66.7M | ||
| Q3 24 | $2.6B | $56.4M | ||
| Q2 24 | $2.7B | $56.8M | ||
| Q1 24 | — | $-35.8M |
总资产GRALRGS
| Q4 25 | $2.9B | $588.3M | ||
| Q3 25 | $2.6B | $592.1M | ||
| Q2 25 | $2.7B | $599.0M | ||
| Q1 25 | $2.8B | $511.2M | ||
| Q4 24 | $3.0B | $530.1M | ||
| Q3 24 | $3.1B | $508.9M | ||
| Q2 24 | $3.3B | $530.5M | ||
| Q1 24 | — | $543.7M |
负债/权益比GRALRGS
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× | ||
| 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 | $-63.8M | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $-63.9M | $891.0K |
| 自由现金流率自由现金流/营收 | -146.5% | 1.6% |
| 资本支出强度资本支出/营收 | 0.2% | 1.4% |
| 现金转化率经营现金流/净利润 | — | 3.65× |
| 过去12个月自由现金流最近4个季度 | $-299.9M | $14.9M |
8季度趋势，按日历期对齐
经营现金流GRALRGS
| Q4 25 | $-63.8M | $1.7M | ||
| Q3 25 | $-63.2M | $2.3M | ||
| Q2 25 | $-77.0M | $6.8M | ||
| Q1 25 | $-95.0M | $6.2M | ||
| Q4 24 | — | $2.1M | ||
| Q3 24 | $-104.6M | $-1.3M | ||
| Q2 24 | $-171.8M | $5.1M | ||
| Q1 24 | $-207.3M | $-277.0K |
自由现金流GRALRGS
| Q4 25 | $-63.9M | $891.0K | ||
| Q3 25 | $-63.6M | $1.9M | ||
| Q2 25 | $-77.3M | $6.2M | ||
| Q1 25 | $-95.1M | $5.9M | ||
| Q4 24 | — | $1.7M | ||
| Q3 24 | $-105.6M | $-1.4M | ||
| Q2 24 | $-173.2M | $5.1M | ||
| Q1 24 | $-209.8M | $-326.0K |
自由现金流率GRALRGS
| Q4 25 | -146.5% | 1.6% | ||
| Q3 25 | -175.8% | 3.2% | ||
| Q2 25 | -217.6% | 10.3% | ||
| Q1 25 | -298.6% | 10.3% | ||
| Q4 24 | — | 3.6% | ||
| Q3 24 | -368.4% | -3.0% | ||
| Q2 24 | -541.7% | 10.3% | ||
| Q1 24 | -785.3% | -0.7% |
资本支出强度GRALRGS
| Q4 25 | 0.2% | 1.4% | ||
| Q3 25 | 1.1% | 0.7% | ||
| Q2 25 | 1.0% | 0.9% | ||
| Q1 25 | 0.2% | 0.6% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | 3.4% | 0.0% | ||
| Q2 24 | 4.3% | 0.0% | ||
| Q1 24 | 9.5% | 0.1% |
现金转化率GRALRGS
| Q4 25 | — | 3.65× | ||
| Q3 25 | — | 1.68× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 24.80× | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | — |
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
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
