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GRANITE CONSTRUCTION INC（GVA）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
瑞思迈的季度营收约是GRANITE CONSTRUCTION INC的1.2倍（$1.4B vs $1.2B），瑞思迈净利率更高（27.6% vs 4.5%，领先23.1%），GRANITE CONSTRUCTION INC同比增速更快（19.2% vs 11.0%），瑞思迈自由现金流更多（$311.2M vs $128.8M），过去两年GRANITE CONSTRUCTION INC的营收复合增速更高（31.7% vs 9.0%）
Granite Construction Inc.是美国民用建筑企业及建筑骨料生产商，为标普600指数成分股，创始地及总部位于加利福尼亚州沃森维尔，是Granite Construction Company的母公司。公司主营重型民用建筑承包与建筑骨料生产，在美国西部多州持有或租赁采石场，主要开采砂、砾石、碎石等产品。
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。
GVA vs RMD — 直观对比
营收规模更大
RMD
是对方的1.2倍
$1.2B
营收增速更快
GVA
高出8.3%
11.0%
净利率更高
RMD
高出23.1%
4.5%
自由现金流更多
RMD
多$182.4M
$128.8M
两年增速更快
GVA
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.4B |
| 净利润 | $52.0M | $392.6M |
| 毛利率 | 14.4% | 61.8% |
| 营业利润率 | 6.4% | 34.6% |
| 净利率 | 4.5% | 27.6% |
| 营收同比 | 19.2% | 11.0% |
| 净利润同比 | 25.4% | 13.9% |
| 每股收益（稀释后） | $1.23 | $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GVARMD
| Q4 25 | $1.2B | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.1B | $1.3B | ||
| Q1 25 | $699.5M | $1.3B | ||
| Q4 24 | $977.3M | $1.3B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $672.3M | $1.2B |
净利润GVARMD
| Q4 25 | $52.0M | $392.6M | ||
| Q3 25 | $102.9M | $348.5M | ||
| Q2 25 | $71.7M | $379.7M | ||
| Q1 25 | $-33.7M | $365.0M | ||
| Q4 24 | $41.5M | $344.6M | ||
| Q3 24 | $79.0M | $311.4M | ||
| Q2 24 | $36.9M | $292.2M | ||
| Q1 24 | $-31.0M | $300.5M |
毛利率GVARMD
| Q4 25 | 14.4% | 61.8% | ||
| Q3 25 | 18.2% | 61.5% | ||
| Q2 25 | 17.7% | 60.8% | ||
| Q1 25 | 12.0% | 59.3% | ||
| Q4 24 | 15.4% | 58.6% | ||
| Q3 24 | 15.9% | 58.6% | ||
| Q2 24 | 15.2% | 58.5% | ||
| Q1 24 | 8.1% | 57.9% |
营业利润率GVARMD
| Q4 25 | 6.4% | 34.6% | ||
| Q3 25 | 10.0% | 33.4% | ||
| Q2 25 | 9.2% | 33.7% | ||
| Q1 25 | -5.7% | 33.0% | ||
| Q4 24 | 6.2% | 32.5% | ||
| Q3 24 | 8.2% | 31.6% | ||
| Q2 24 | 7.9% | 31.2% | ||
| Q1 24 | -6.4% | 31.3% |
净利率GVARMD
| Q4 25 | 4.5% | 27.6% | ||
| Q3 25 | 7.2% | 26.1% | ||
| Q2 25 | 6.4% | 28.2% | ||
| Q1 25 | -4.8% | 28.3% | ||
| Q4 24 | 4.2% | 26.9% | ||
| Q3 24 | 6.2% | 25.4% | ||
| Q2 24 | 3.4% | 23.9% | ||
| Q1 24 | -4.6% | 25.1% |
每股收益（稀释后）GVARMD
| Q4 25 | $1.23 | $2.68 | ||
| Q3 25 | $1.98 | $2.37 | ||
| Q2 25 | $1.42 | $2.58 | ||
| Q1 25 | $-0.77 | $2.48 | ||
| Q4 24 | $0.99 | $2.34 | ||
| Q3 24 | $1.57 | $2.11 | ||
| Q2 24 | $0.76 | $1.97 | ||
| Q1 24 | $-0.70 | $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 | $600.2M | $1.4B |
| 总债务越低越好 | $1.3B | $403.9M |
| 股东权益账面价值 | $1.2B | $6.3B |
| 总资产 | $4.0B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.14× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资GVARMD
| Q4 25 | $600.2M | $1.4B | ||
| Q3 25 | $547.2M | $1.4B | ||
| Q2 25 | $385.3M | $1.2B | ||
| Q1 25 | $422.8M | $932.7M | ||
| Q4 24 | $585.6M | $521.9M | ||
| Q3 24 | $472.4M | $426.4M | ||
| Q2 24 | $377.2M | $238.4M | ||
| Q1 24 | $337.3M | $237.9M |
总债务GVARMD
| Q4 25 | $1.3B | $403.9M | ||
| Q3 25 | $1.3B | $408.7M | ||
| Q2 25 | $740.4M | $658.4M | ||
| Q1 25 | $739.7M | $663.1M | ||
| Q4 24 | $739.0M | $662.9M | ||
| Q3 24 | $738.6M | $667.6M | ||
| Q2 24 | $738.9M | $697.3M | ||
| Q1 24 | $553.2M | $997.0M |
股东权益GVARMD
| Q4 25 | $1.2B | $6.3B | ||
| Q3 25 | $1.2B | $6.1B | ||
| Q2 25 | $1.1B | $6.0B | ||
| Q1 25 | $993.5M | $5.5B | ||
| Q4 24 | $1.0B | $5.3B | ||
| Q3 24 | $1.0B | $5.2B | ||
| Q2 24 | $931.7M | $4.9B | ||
| Q1 24 | $946.5M | $4.6B |
总资产GVARMD
| Q4 25 | $4.0B | $8.5B | ||
| Q3 25 | $4.1B | $8.3B | ||
| Q2 25 | $3.1B | $8.2B | ||
| Q1 25 | $2.9B | $7.6B | ||
| Q4 24 | $3.0B | $7.1B | ||
| Q3 24 | $3.1B | $7.2B | ||
| Q2 24 | $2.9B | $6.9B | ||
| Q1 24 | $2.6B | $6.8B |
负债/权益比GVARMD
| Q4 25 | 1.14× | 0.06× | ||
| Q3 25 | 1.16× | 0.07× | ||
| Q2 25 | 0.70× | 0.11× | ||
| Q1 25 | 0.74× | 0.12× | ||
| Q4 24 | 0.73× | 0.13× | ||
| Q3 24 | 0.73× | 0.13× | ||
| Q2 24 | 0.79× | 0.14× | ||
| Q1 24 | 0.58× | 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 | $179.3M | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $128.8M | $311.2M |
| 自由现金流率自由现金流/营收 | 11.0% | 21.9% |
| 资本支出强度资本支出/营收 | 4.3% | 2.0% |
| 现金转化率经营现金流/净利润 | 3.45× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $330.6M | $1.8B |
8季度趋势，按日历期对齐
经营现金流GVARMD
| Q4 25 | $179.3M | $339.7M | ||
| Q3 25 | $284.2M | $457.3M | ||
| Q2 25 | $1.8M | $538.8M | ||
| Q1 25 | $3.6M | $578.7M | ||
| Q4 24 | $172.8M | $308.6M | ||
| Q3 24 | $261.5M | $325.5M | ||
| Q2 24 | $-2.0M | $440.1M | ||
| Q1 24 | $24.1M | $402.0M |
自由现金流GVARMD
| Q4 25 | $128.8M | $311.2M | ||
| Q3 25 | $257.5M | $414.4M | ||
| Q2 25 | $-27.0M | $508.2M | ||
| Q1 25 | $-28.6M | $557.9M | ||
| Q4 24 | $144.6M | $288.0M | ||
| Q3 24 | $220.2M | $307.7M | ||
| Q2 24 | $-41.0M | $415.2M | ||
| Q1 24 | $-3.8M | $380.8M |
自由现金流率GVARMD
| Q4 25 | 11.0% | 21.9% | ||
| Q3 25 | 18.0% | 31.0% | ||
| Q2 25 | -2.4% | 37.7% | ||
| Q1 25 | -4.1% | 43.2% | ||
| Q4 24 | 14.8% | 22.5% | ||
| Q3 24 | 17.3% | 25.1% | ||
| Q2 24 | -3.8% | 33.9% | ||
| Q1 24 | -0.6% | 31.8% |
资本支出强度GVARMD
| Q4 25 | 4.3% | 2.0% | ||
| Q3 25 | 1.9% | 3.2% | ||
| Q2 25 | 2.6% | 2.3% | ||
| Q1 25 | 4.6% | 1.6% | ||
| Q4 24 | 2.9% | 1.6% | ||
| Q3 24 | 3.2% | 1.5% | ||
| Q2 24 | 3.6% | 2.0% | ||
| Q1 24 | 4.1% | 1.8% |
现金转化率GVARMD
| Q4 25 | 3.45× | 0.87× | ||
| Q3 25 | 2.76× | 1.31× | ||
| Q2 25 | 0.02× | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 4.17× | 0.90× | ||
| Q3 24 | 3.31× | 1.05× | ||
| Q2 24 | -0.05× | 1.51× | ||
| Q1 24 | — | 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
GVA
| Public | $680.2M | 58% |
| Private | $260.1M | 22% |
| Asphalt | $116.9M | 10% |
| Aggregates | $107.9M | 9% |
| Collaborative Arrangement | $7.0M | 1% |
| Performance Obligations | $3.5M | 0% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
