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和黄医药（HCM）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
和黄医药的季度营收约是STURM RUGER & CO INC的1.8倍（$270.8M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs -16.5%），STURM RUGER & CO INC自由现金流更多（$12.3M vs $3.4M）
和黄医药是一家国际化生物制药企业，专注于肿瘤、免疫类疾病的靶向疗法与免疫疗法的研发、生产及商业化，核心市场覆盖中国及全球多个国家地区，已有多款肿瘤治疗药物上市，后期临床管线储备丰富。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
HCM vs RGR — 直观对比
营收规模更大
HCM
是对方的1.8倍
$151.1M
营收增速更快
RGR
高出20.2%
-16.5%
自由现金流更多
RGR
多$9.0M
$3.4M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $270.8M | $151.1M |
| 净利润 | $2.0M | — |
| 毛利率 | 37.7% | 17.8% |
| 营业利润率 | -13.2% | 2.3% |
| 净利率 | 0.7% | — |
| 营收同比 | -16.5% | 3.6% |
| 净利润同比 | -83.6% | — |
| 每股收益（稀释后） | $0.00 | $0.22 |
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HCMRGR
| Q4 25 | $270.8M | $151.1M | ||
| Q3 25 | — | $126.8M | ||
| Q2 25 | $277.7M | $132.5M | ||
| Q1 25 | $324.5M | $135.7M | ||
| Q4 24 | — | $145.8M | ||
| Q3 24 | — | $122.3M | ||
| Q2 24 | $305.7M | $130.8M | ||
| Q1 24 | — | $136.8M |
净利润HCMRGR
| Q4 25 | $2.0M | — | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | $455.0M | $-17.2M | ||
| Q1 25 | $11.9M | $7.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.7M | ||
| Q2 24 | $25.8M | $8.3M | ||
| Q1 24 | — | $7.1M |
毛利率HCMRGR
| Q4 25 | 37.7% | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | 0.1% | 3.9% | ||
| Q1 25 | 48.0% | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | 41.1% | 22.3% | ||
| Q1 24 | — | 21.5% |
营业利润率HCMRGR
| Q4 25 | -13.2% | 2.3% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | -1.3% | -15.6% | ||
| Q1 25 | -5.0% | 6.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | — | 3.1% | ||
| Q2 24 | -9.0% | 6.9% | ||
| Q1 24 | — | 5.5% |
净利率HCMRGR
| Q4 25 | 0.7% | — | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 163.8% | -13.0% | ||
| Q1 25 | 3.7% | 5.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | 8.4% | 6.3% | ||
| Q1 24 | — | 5.2% |
每股收益（稀释后）HCMRGR
| Q4 25 | $0.00 | $0.22 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | $0.52 | $-1.05 | ||
| Q1 25 | $0.01 | $0.46 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | $0.03 | $0.47 | ||
| Q1 24 | — | $0.40 |
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 | $1.4B | $92.5M |
| 总债务越低越好 | $93.2M | — |
| 股东权益账面价值 | $1.2B | $283.8M |
| 总资产 | $1.8B | $342.0M |
| 负债/权益比越低杠杆越低 | 0.08× | — |
8季度趋势，按日历期对齐
现金及短期投资HCMRGR
| Q4 25 | $1.4B | $92.5M | ||
| Q3 25 | — | $80.8M | ||
| Q2 25 | $1.4B | $101.4M | ||
| Q1 25 | $836.1M | $108.3M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $96.0M | ||
| Q2 24 | $802.5M | $105.6M | ||
| Q1 24 | — | $115.3M |
总债务HCMRGR
| Q4 25 | $93.2M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $93.4M | — | ||
| Q1 25 | $82.8M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $82.1M | — | ||
| Q1 24 | — | — |
股东权益HCMRGR
| Q4 25 | $1.2B | $283.8M | ||
| Q3 25 | — | $279.6M | ||
| Q2 25 | $1.2B | $289.3M | ||
| Q1 25 | $759.9M | $321.5M | ||
| Q4 24 | — | $319.6M | ||
| Q3 24 | — | $314.9M | ||
| Q2 24 | $740.1M | $321.5M | ||
| Q1 24 | — | $332.0M |
总资产HCMRGR
| Q4 25 | $1.8B | $342.0M | ||
| Q3 25 | — | $342.3M | ||
| Q2 25 | $1.8B | $349.5M | ||
| Q1 25 | $1.3B | $379.0M | ||
| Q4 24 | — | $384.0M | ||
| Q3 24 | — | $373.5M | ||
| Q2 24 | $1.3B | $376.7M | ||
| Q1 24 | — | $385.0M |
负债/权益比HCMRGR
| Q4 25 | 0.08× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.11× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.11× | — | ||
| 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 | $8.2M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $3.4M | $12.3M |
| 自由现金流率自由现金流/营收 | 1.2% | 8.2% |
| 资本支出强度资本支出/营收 | 1.8% | 2.1% |
| 现金转化率经营现金流/净利润 | 4.21× | — |
| 过去12个月自由现金流最近4个季度 | $-96.2M | $38.5M |
8季度趋势，按日历期对齐
经营现金流HCMRGR
| Q4 25 | $8.2M | $15.5M | ||
| Q3 25 | — | $12.9M | ||
| Q2 25 | $-72.9M | $14.7M | ||
| Q1 25 | $40.3M | $11.1M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $9.4M | ||
| Q2 24 | $-39.8M | $18.7M | ||
| Q1 24 | — | $7.3M |
自由现金流HCMRGR
| Q4 25 | $3.4M | $12.3M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | $-82.2M | $9.1M | ||
| Q1 25 | $32.5M | $10.0M | ||
| Q4 24 | — | $16.4M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | $-49.9M | $10.1M | ||
| Q1 24 | — | $5.6M |
自由现金流率HCMRGR
| Q4 25 | 1.2% | 8.2% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | -29.6% | 6.9% | ||
| Q1 25 | 10.0% | 7.4% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | -16.3% | 7.7% | ||
| Q1 24 | — | 4.1% |
资本支出强度HCMRGR
| Q4 25 | 1.8% | 2.1% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | 3.3% | 4.2% | ||
| Q1 25 | 2.4% | 0.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | — | 5.5% | ||
| Q2 24 | 3.3% | 6.6% | ||
| Q1 24 | — | 1.3% |
现金转化率HCMRGR
| Q4 25 | 4.21× | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | 3.38× | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | -1.54× | 2.27× | ||
| Q1 24 | — | 1.04× |
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
HCM
暂无分部数据
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
