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HORACE MANN EDUCATORS CORP（HMN）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
RBC Bearings INC的季度营收约是HORACE MANN EDUCATORS CORP的1.1倍（$461.6M vs $434.8M），RBC Bearings INC同比增速更快（17.0% vs 6.3%），过去两年HORACE MANN EDUCATORS CORP的营收复合增速更高（6.1% vs 5.6%）
贺拉斯曼是一家总部位于美国伊利诺伊州的金融服务企业，主营汽车保险、财产保险、补充保险与人寿保险业务，同时提供退休年金、共同基金等金融产品，核心服务群体为教育工作者及其家庭。
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。
HMN vs RBC — 直观对比
营收规模更大
RBC
是对方的1.1倍
$434.8M
营收增速更快
RBC
高出10.7%
6.3%
两年增速更快
HMN
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $434.8M | $461.6M |
| 净利润 | — | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 10.5% | 22.3% |
| 净利率 | — | 14.6% |
| 营收同比 | 6.3% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | $0.87 | $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HMNRBC
| Q4 25 | $434.8M | $461.6M | ||
| Q3 25 | $438.5M | $455.3M | ||
| Q2 25 | $411.7M | $436.0M | ||
| Q1 25 | $416.4M | $437.7M | ||
| Q4 24 | $409.0M | $394.4M | ||
| Q3 24 | $412.1M | $397.9M | ||
| Q2 24 | $388.1M | $406.3M | ||
| Q1 24 | $386.0M | $413.7M |
净利润HMNRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $58.3M | $60.0M | ||
| Q2 25 | $29.4M | $68.5M | ||
| Q1 25 | $38.2M | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $34.3M | $54.2M | ||
| Q2 24 | $3.8M | $61.4M | ||
| Q1 24 | $26.5M | — |
毛利率HMNRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率HMNRBC
| Q4 25 | 10.5% | 22.3% | ||
| Q3 25 | 16.3% | 21.5% | ||
| Q2 25 | 8.9% | 23.2% | ||
| Q1 25 | 11.4% | 23.0% | ||
| Q4 24 | 11.8% | 21.7% | ||
| Q3 24 | 10.4% | 21.6% | ||
| Q2 24 | 1.2% | 24.0% | ||
| Q1 24 | 8.5% | 22.8% |
净利率HMNRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | 13.3% | 13.2% | ||
| Q2 25 | 7.1% | 15.7% | ||
| Q1 25 | 9.2% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 8.3% | 13.6% | ||
| Q2 24 | 1.0% | 15.1% | ||
| Q1 24 | 6.9% | — |
每股收益（稀释后）HMNRBC
| Q4 25 | $0.87 | $2.13 | ||
| Q3 25 | $1.40 | $1.90 | ||
| Q2 25 | $0.71 | $2.17 | ||
| Q1 25 | $0.92 | $2.33 | ||
| Q4 24 | $0.92 | $1.82 | ||
| Q3 24 | $0.83 | $1.65 | ||
| Q2 24 | $0.09 | $1.90 | ||
| Q1 24 | $0.64 | $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 | $27.5M | $107.6M |
| 总债务越低越好 | $593.4M | $990.2M |
| 股东权益账面价值 | $1.5B | $3.3B |
| 总资产 | $15.3B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.40× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资HMNRBC
| Q4 25 | $27.5M | $107.6M | ||
| Q3 25 | $46.7M | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | $38.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | — | $63.5M |
总债务HMNRBC
| Q4 25 | $593.4M | $990.2M | ||
| Q3 25 | $842.9M | $1.1B | ||
| Q2 25 | $547.5M | $915.6M | ||
| Q1 25 | $547.2M | $920.1M | ||
| Q4 24 | $547.0M | — | ||
| Q3 24 | $546.7M | — | ||
| Q2 24 | $546.5M | — | ||
| Q1 24 | $546.2M | $1.2B |
股东权益HMNRBC
| Q4 25 | $1.5B | $3.3B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.2B | $2.8B | ||
| Q1 24 | $1.2B | $2.8B |
总资产HMNRBC
| Q4 25 | $15.3B | $5.1B | ||
| Q3 25 | $15.5B | $5.1B | ||
| Q2 25 | $14.7B | $4.8B | ||
| Q1 25 | $14.4B | $4.7B | ||
| Q4 24 | $14.5B | $4.7B | ||
| Q3 24 | $14.7B | $4.7B | ||
| Q2 24 | $14.3B | $4.7B | ||
| Q1 24 | $14.2B | $4.7B |
负债/权益比HMNRBC
| Q4 25 | 0.40× | 0.30× | ||
| Q3 25 | 0.58× | 0.34× | ||
| Q2 25 | 0.40× | 0.29× | ||
| Q1 25 | 0.41× | 0.30× | ||
| Q4 24 | 0.42× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.45× | — | ||
| Q1 24 | 0.45× | 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 | $553.2M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 21.5% |
| 资本支出强度资本支出/营收 | — | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流HMNRBC
| Q4 25 | $553.2M | $122.1M | ||
| Q3 25 | $151.2M | $88.4M | ||
| Q2 25 | $131.3M | $120.0M | ||
| Q1 25 | $140.8M | — | ||
| Q4 24 | $452.1M | $84.0M | ||
| Q3 24 | $143.9M | — | ||
| Q2 24 | $40.2M | $97.4M | ||
| Q1 24 | $74.5M | — |
自由现金流HMNRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率HMNRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度HMNRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率HMNRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 2.59× | 1.47× | ||
| Q2 25 | 4.47× | 1.75× | ||
| Q1 25 | 3.69× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 4.20× | — | ||
| Q2 24 | 10.58× | 1.59× | ||
| Q1 24 | 2.81× | — |
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
HMN
| Property And Casualty | $224.3M | 52% |
| Life And Retirement | $139.6M | 32% |
| Supplemental And Group Benefits | $77.0M | 18% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
