vs
哈雷戴维森（HOG）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
哈雷戴维森的季度营收约是REPLIGEN CORP的2.0倍（$390.5M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs -72.3%，领先79.1%），REPLIGEN CORP同比增速更快（13.6% vs -9.4%），哈雷戴维森自由现金流更多（$100.4M vs $17.6M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs -48.6%）
哈雷戴维森是源自美国的摩托车制造商与生活方式品牌，总部位于威斯康星州密尔沃基，创立于1903年。它是大萧条时期幸存下来的两大美国摩托车厂商之一，历经多次股权变动、子公司调整、经营困境与全球竞争，如今已是全球知名的标志性品牌。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
HOG vs RGEN — 直观对比
营收规模更大
HOG
是对方的2.0倍
$197.9M
营收增速更快
RGEN
高出23.0%
-9.4%
净利率更高
RGEN
高出79.1%
-72.3%
自由现金流更多
HOG
多$82.9M
$17.6M
两年增速更快
RGEN
近两年复合增速
-48.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $390.5M | $197.9M |
| 净利润 | $-282.6M | $13.3M |
| 毛利率 | -7.9% | 52.5% |
| 营业利润率 | -92.4% | 9.0% |
| 净利率 | -72.3% | 6.7% |
| 营收同比 | -9.4% | 13.6% |
| 净利润同比 | -138.6% | 143.9% |
| 每股收益（稀释后） | $-2.27 | $0.24 |
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HOGRGEN
| Q4 25 | $390.5M | $197.9M | ||
| Q3 25 | $1.1B | $188.8M | ||
| Q2 25 | $1.0B | $182.4M | ||
| Q1 25 | $1.1B | $169.2M | ||
| Q4 24 | $430.9M | $174.1M | ||
| Q3 24 | $881.2M | $154.9M | ||
| Q2 24 | $1.4B | $154.1M | ||
| Q1 24 | $1.5B | $151.3M |
净利润HOGRGEN
| Q4 25 | $-282.6M | $13.3M | ||
| Q3 25 | $377.4M | $14.9M | ||
| Q2 25 | $107.6M | $14.9M | ||
| Q1 25 | $133.1M | $5.8M | ||
| Q4 24 | $-118.4M | $-30.3M | ||
| Q3 24 | $119.0M | $-654.0K | ||
| Q2 24 | $218.3M | $3.3M | ||
| Q1 24 | $234.9M | $2.1M |
毛利率HOGRGEN
| Q4 25 | -7.9% | 52.5% | ||
| Q3 25 | 26.0% | 53.2% | ||
| Q2 25 | 28.5% | 50.0% | ||
| Q1 25 | 28.9% | 53.6% | ||
| Q4 24 | -2.0% | 26.1% | ||
| Q3 24 | 29.8% | 50.0% | ||
| Q2 24 | 31.8% | 49.8% | ||
| Q1 24 | 30.9% | 49.5% |
营业利润率HOGRGEN
| Q4 25 | -92.4% | 9.0% | ||
| Q3 25 | 44.0% | 8.9% | ||
| Q2 25 | 10.7% | 7.6% | ||
| Q1 25 | 14.8% | 3.9% | ||
| Q4 24 | -44.9% | -17.7% | ||
| Q3 24 | 12.0% | -5.1% | ||
| Q2 24 | 17.8% | 1.0% | ||
| Q1 24 | 17.8% | 1.3% |
净利率HOGRGEN
| Q4 25 | -72.3% | 6.7% | ||
| Q3 25 | 35.0% | 7.9% | ||
| Q2 25 | 10.2% | 8.2% | ||
| Q1 25 | 12.3% | 3.4% | ||
| Q4 24 | -27.5% | -17.4% | ||
| Q3 24 | 13.5% | -0.4% | ||
| Q2 24 | 16.1% | 2.2% | ||
| Q1 24 | 15.9% | 1.4% |
每股收益（稀释后）HOGRGEN
| Q4 25 | $-2.27 | $0.24 | ||
| Q3 25 | $3.10 | $0.26 | ||
| Q2 25 | $0.88 | $0.26 | ||
| Q1 25 | $1.07 | $0.10 | ||
| Q4 24 | $-0.82 | $-0.55 | ||
| Q3 24 | $0.91 | $-0.01 | ||
| Q2 24 | $1.63 | $0.06 | ||
| Q1 24 | $1.72 | $0.04 |
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 | $3.1B | $767.6M |
| 总债务越低越好 | $2.5B | $542.2M |
| 股东权益账面价值 | $3.1B | $2.1B |
| 总资产 | $8.0B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.79× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资HOGRGEN
| Q4 25 | $3.1B | $767.6M | ||
| Q3 25 | $1.8B | $748.7M | ||
| Q2 25 | $1.6B | $708.9M | ||
| Q1 25 | $1.9B | $697.2M | ||
| Q4 24 | $1.6B | $757.4M | ||
| Q3 24 | $2.2B | $784.0M | ||
| Q2 24 | $1.8B | $809.1M | ||
| Q1 24 | $1.5B | $780.6M |
总债务HOGRGEN
| Q4 25 | $2.5B | $542.2M | ||
| Q3 25 | $4.5B | $537.9M | ||
| Q2 25 | $6.4B | — | ||
| Q1 25 | $6.8B | — | ||
| Q4 24 | $6.3B | $525.6M | ||
| Q3 24 | $7.3B | — | ||
| Q2 24 | $7.0B | — | ||
| Q1 24 | $6.3B | — |
股东权益HOGRGEN
| Q4 25 | $3.1B | $2.1B | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $3.3B | $2.1B | ||
| Q1 25 | $3.2B | $2.0B | ||
| Q4 24 | $3.2B | $2.0B | ||
| Q3 24 | $3.4B | $2.0B | ||
| Q2 24 | $3.4B | $2.0B | ||
| Q1 24 | $3.3B | $2.0B |
总资产HOGRGEN
| Q4 25 | $8.0B | $2.9B | ||
| Q3 25 | $10.6B | $2.9B | ||
| Q2 25 | $12.1B | $2.9B | ||
| Q1 25 | $12.4B | $2.9B | ||
| Q4 24 | $11.9B | $2.8B | ||
| Q3 24 | $13.0B | $2.8B | ||
| Q2 24 | $12.8B | $2.9B | ||
| Q1 24 | $12.3B | $2.8B |
负债/权益比HOGRGEN
| Q4 25 | 0.79× | 0.26× | ||
| Q3 25 | 1.25× | 0.26× | ||
| Q2 25 | 1.91× | — | ||
| Q1 25 | 2.14× | — | ||
| Q4 24 | 2.00× | 0.27× | ||
| Q3 24 | 2.13× | — | ||
| Q2 24 | 2.03× | — | ||
| Q1 24 | 1.88× | — |
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 | $152.0M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $100.4M | $17.6M |
| 自由现金流率自由现金流/营收 | 25.7% | 8.9% |
| 资本支出强度资本支出/营收 | 13.2% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $415.2M | $93.9M |
8季度趋势，按日历期对齐
经营现金流HOGRGEN
| Q4 25 | $152.0M | $25.7M | ||
| Q3 25 | $-92.6M | $48.1M | ||
| Q2 25 | $368.0M | $28.6M | ||
| Q1 25 | $141.5M | $15.0M | ||
| Q4 24 | $133.2M | $39.2M | ||
| Q3 24 | $353.0M | $49.3M | ||
| Q2 24 | $473.6M | $42.2M | ||
| Q1 24 | $104.0M | $44.7M |
自由现金流HOGRGEN
| Q4 25 | $100.4M | $17.6M | ||
| Q3 25 | $-129.1M | $43.4M | ||
| Q2 25 | $332.4M | $21.5M | ||
| Q1 25 | $111.6M | $11.4M | ||
| Q4 24 | $77.0M | $33.6M | ||
| Q3 24 | $300.4M | $42.3M | ||
| Q2 24 | $432.2M | $37.4M | ||
| Q1 24 | $57.6M | $36.4M |
自由现金流率HOGRGEN
| Q4 25 | 25.7% | 8.9% | ||
| Q3 25 | -12.0% | 23.0% | ||
| Q2 25 | 31.7% | 11.8% | ||
| Q1 25 | 10.3% | 6.8% | ||
| Q4 24 | 17.9% | 19.3% | ||
| Q3 24 | 34.1% | 27.3% | ||
| Q2 24 | 31.9% | 24.3% | ||
| Q1 24 | 3.9% | 24.0% |
资本支出强度HOGRGEN
| Q4 25 | 13.2% | 4.1% | ||
| Q3 25 | 3.4% | 2.5% | ||
| Q2 25 | 3.4% | 3.9% | ||
| Q1 25 | 2.8% | 2.1% | ||
| Q4 24 | 13.0% | 3.2% | ||
| Q3 24 | 6.0% | 4.5% | ||
| Q2 24 | 3.1% | 3.1% | ||
| Q1 24 | 3.1% | 5.5% |
现金转化率HOGRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | -0.25× | 3.23× | ||
| Q2 25 | 3.42× | 1.92× | ||
| Q1 25 | 1.06× | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | 2.17× | 12.70× | ||
| Q1 24 | 0.44× | 21.35× |
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
HOG
| Motorcycles | $193.9M | 50% |
| Other | $63.8M | 16% |
| Other Income Financial Services | $59.8M | 15% |
| Apparel | $47.2M | 12% |
| Livewire Segment | $11.4M | 3% |
RGEN
暂无分部数据
