vs
佳明（GRMN）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
佳明的季度营收约是瑞思迈的1.2倍（$1.8B vs $1.4B），瑞思迈净利率更高（27.6% vs 23.1%，领先4.5%），佳明同比增速更快（14.0% vs 11.0%），过去两年佳明的营收复合增速更高（7.9% vs 7.8%）
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
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。
GRMN vs RMD — 直观对比
营收规模更大
GRMN
是对方的1.2倍
$1.4B
营收增速更快
GRMN
高出3.0%
11.0%
净利率更高
RMD
高出4.5%
23.1%
两年增速更快
GRMN
近两年复合增速
7.8%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.4B |
| 净利润 | $405.1M | $392.6M |
| 毛利率 | 59.4% | 61.8% |
| 营业利润率 | 24.6% | 34.6% |
| 净利率 | 23.1% | 27.6% |
| 营收同比 | 14.0% | 11.0% |
| 净利润同比 | 21.7% | 13.9% |
| 每股收益（稀释后） | $2.09 | $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GRMNRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $1.8B | $1.4B | ||
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.8B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.6B | $1.2B |
净利润GRMNRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $405.1M | $398.7M | ||
| Q4 25 | $528.7M | $392.6M | ||
| Q3 25 | $401.6M | $348.5M | ||
| Q2 25 | $400.8M | $379.7M | ||
| Q1 25 | $332.8M | $365.0M | ||
| Q4 24 | $435.7M | $344.6M | ||
| Q3 24 | $399.1M | $311.4M |
毛利率GRMNRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | 59.4% | 62.2% | ||
| Q4 25 | 59.2% | 61.8% | ||
| Q3 25 | 59.1% | 61.5% | ||
| Q2 25 | 58.8% | 60.8% | ||
| Q1 25 | 57.6% | 59.3% | ||
| Q4 24 | 59.3% | 58.6% | ||
| Q3 24 | 60.0% | 58.6% |
营业利润率GRMNRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | 24.6% | 34.9% | ||
| Q4 25 | 28.9% | 34.6% | ||
| Q3 25 | 25.8% | 33.4% | ||
| Q2 25 | 26.0% | 33.7% | ||
| Q1 25 | 21.7% | 33.0% | ||
| Q4 24 | 28.3% | 32.5% | ||
| Q3 24 | 27.6% | 31.6% |
净利率GRMNRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | 23.1% | 27.9% | ||
| Q4 25 | 24.9% | 27.6% | ||
| Q3 25 | 22.7% | 26.1% | ||
| Q2 25 | 22.1% | 28.2% | ||
| Q1 25 | 21.7% | 28.3% | ||
| Q4 24 | 23.9% | 26.9% | ||
| Q3 24 | 25.2% | 25.4% |
每股收益（稀释后）GRMNRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | $2.09 | $2.74 | ||
| Q4 25 | $2.72 | $2.68 | ||
| Q3 25 | $2.08 | $2.37 | ||
| Q2 25 | $2.07 | $2.58 | ||
| Q1 25 | $1.72 | $2.48 | ||
| Q4 24 | $2.24 | $2.34 | ||
| Q3 24 | $2.07 | $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 | $2.3B | $1.4B |
| 总债务越低越好 | — | $663.8M |
| 股东权益账面价值 | — | $6.3B |
| 总资产 | $11.0B | $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GRMNRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $2.3B | $1.7B | ||
| Q4 25 | $2.3B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.1B | $1.2B | ||
| Q1 25 | $2.2B | $932.7M | ||
| Q4 24 | $2.1B | $521.9M | ||
| Q3 24 | $2.0B | $426.4M |
总债务GRMNRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | $664.1M | ||
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M |
股东权益GRMNRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | — | $6.5B | ||
| Q4 25 | $9.0B | $6.3B | ||
| Q3 25 | $8.5B | $6.1B | ||
| Q2 25 | $8.1B | $6.0B | ||
| Q1 25 | $8.2B | $5.5B | ||
| Q4 24 | $7.8B | $5.3B | ||
| Q3 24 | $7.5B | $5.2B |
总资产GRMNRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | $11.0B | $8.8B | ||
| Q4 25 | $11.0B | $8.5B | ||
| Q3 25 | $10.5B | $8.3B | ||
| Q2 25 | $10.3B | $8.2B | ||
| Q1 25 | $9.8B | $7.6B | ||
| Q4 24 | $9.6B | $7.1B | ||
| Q3 24 | $9.3B | $7.2B |
负债/权益比GRMNRMD
| 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 | $536.0M | — |
| 自由现金流经营现金流 - 资本支出 | $469.4M | — |
| 自由现金流率自由现金流/营收 | 26.8% | — |
| 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 | 1.32× | — |
| 过去12个月自由现金流最近4个季度 | $1.5B | — |
8季度趋势，按日历期对齐
经营现金流GRMNRMD
| Q2 26 | — | — | ||
| Q1 26 | $536.0M | — | ||
| Q4 25 | $553.8M | $339.7M | ||
| Q3 25 | $485.6M | $457.3M | ||
| Q2 25 | $173.2M | $538.8M | ||
| Q1 25 | $420.8M | $578.7M | ||
| Q4 24 | $483.9M | $308.6M | ||
| Q3 24 | $258.0M | $325.5M |
自由现金流GRMNRMD
| Q2 26 | — | — | ||
| Q1 26 | $469.4M | — | ||
| Q4 25 | $429.6M | $311.2M | ||
| Q3 25 | $425.1M | $414.4M | ||
| Q2 25 | $127.5M | $508.2M | ||
| Q1 25 | $380.7M | $557.9M | ||
| Q4 24 | $399.2M | $288.0M | ||
| Q3 24 | $219.4M | $307.7M |
自由现金流率GRMNRMD
| Q2 26 | — | — | ||
| Q1 26 | 26.8% | — | ||
| Q4 25 | 20.2% | 21.9% | ||
| Q3 25 | 24.0% | 31.0% | ||
| Q2 25 | 7.0% | 37.7% | ||
| Q1 25 | 24.8% | 43.2% | ||
| Q4 24 | 21.9% | 22.5% | ||
| Q3 24 | 13.8% | 25.1% |
资本支出强度GRMNRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 5.8% | 2.0% | ||
| Q3 25 | 3.4% | 3.2% | ||
| Q2 25 | 2.5% | 2.3% | ||
| Q1 25 | 2.6% | 1.6% | ||
| Q4 24 | 4.6% | 1.6% | ||
| Q3 24 | 2.4% | 1.5% |
现金转化率GRMNRMD
| Q2 26 | — | — | ||
| Q1 26 | 1.32× | — | ||
| Q4 25 | 1.05× | 0.87× | ||
| Q3 25 | 1.21× | 1.31× | ||
| Q2 25 | 0.43× | 1.42× | ||
| Q1 25 | 1.26× | 1.59× | ||
| Q4 24 | 1.11× | 0.90× | ||
| Q3 24 | 0.65× | 1.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
