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MARINEMAX INC（HZO）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
MARINEMAX INC的季度营收约是RBC Bearings INC的1.1倍（$527.4M vs $461.6M），RBC Bearings INC同比增速更快（17.0% vs -16.5%），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -16.6%）
MarineMax Inc.是美国头部休闲船舶及游艇零售商，主营全新及二手休闲船艇销售，同时提供船舶维保、金融服务、保险、游艇租赁及航海主题活动等配套服务，覆盖北美市场的私人航海爱好者群体。
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。
HZO vs RBC — 直观对比
营收规模更大
HZO
是对方的1.1倍
$461.6M
营收增速更快
RBC
高出33.5%
-16.5%
两年增速更快
RBC
近两年复合增速
-16.6%
损益表 — Q2 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $527.4M | $461.6M |
| 净利润 | — | $67.4M |
| 毛利率 | 34.4% | 44.3% |
| 营业利润率 | 2.1% | 22.3% |
| 净利率 | — | 14.6% |
| 营收同比 | -16.5% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | $0.14 | $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HZORBC
| Q1 26 | $527.4M | — | ||
| Q4 25 | $505.2M | $461.6M | ||
| Q3 25 | $552.2M | $455.3M | ||
| Q2 25 | $657.2M | $436.0M | ||
| Q1 25 | $631.5M | $437.7M | ||
| Q4 24 | $468.5M | $394.4M | ||
| Q3 24 | $563.1M | $397.9M | ||
| Q2 24 | $757.7M | $406.3M |
净利润HZORBC
| Q1 26 | — | — | ||
| Q4 25 | $-7.9M | $67.4M | ||
| Q3 25 | $-851.0K | $60.0M | ||
| Q2 25 | $-52.1M | $68.5M | ||
| Q1 25 | $3.3M | $72.7M | ||
| Q4 24 | $18.1M | $57.9M | ||
| Q3 24 | $4.0M | $54.2M | ||
| Q2 24 | $31.6M | $61.4M |
毛利率HZORBC
| Q1 26 | 34.4% | — | ||
| Q4 25 | 31.8% | 44.3% | ||
| Q3 25 | 34.7% | 44.1% | ||
| Q2 25 | 30.4% | 44.8% | ||
| Q1 25 | 30.0% | 44.2% | ||
| Q4 24 | 36.2% | 44.3% | ||
| Q3 24 | 34.3% | 43.7% | ||
| Q2 24 | 32.0% | 45.3% |
营业利润率HZORBC
| Q1 26 | 2.1% | — | ||
| Q4 25 | 1.0% | 22.3% | ||
| Q3 25 | 2.5% | 21.5% | ||
| Q2 25 | -6.3% | 23.2% | ||
| Q1 25 | 3.6% | 23.0% | ||
| Q4 24 | 8.3% | 21.7% | ||
| Q3 24 | 4.8% | 21.6% | ||
| Q2 24 | 8.1% | 24.0% |
净利率HZORBC
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | 14.6% | ||
| Q3 25 | -0.2% | 13.2% | ||
| Q2 25 | -7.9% | 15.7% | ||
| Q1 25 | 0.5% | 16.6% | ||
| Q4 24 | 3.9% | 14.7% | ||
| Q3 24 | 0.7% | 13.6% | ||
| Q2 24 | 4.2% | 15.1% |
每股收益（稀释后）HZORBC
| Q1 26 | $0.14 | — | ||
| Q4 25 | $-0.36 | $2.13 | ||
| Q3 25 | $0.08 | $1.90 | ||
| Q2 25 | $-2.42 | $2.17 | ||
| Q1 25 | $0.14 | $2.33 | ||
| Q4 24 | $0.77 | $1.82 | ||
| Q3 24 | $0.17 | $1.65 | ||
| Q2 24 | $1.37 | $1.90 |
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 | $189.1M | $107.6M |
| 总债务越低越好 | $338.7M | $990.2M |
| 股东权益账面价值 | — | $3.3B |
| 总资产 | $2.4B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资HZORBC
| Q1 26 | $189.1M | — | ||
| Q4 25 | $164.6M | $107.6M | ||
| Q3 25 | $170.4M | $91.2M | ||
| Q2 25 | $151.0M | $132.9M | ||
| Q1 25 | $203.5M | $36.8M | ||
| Q4 24 | $145.0M | — | ||
| Q3 24 | $224.3M | — | ||
| Q2 24 | $242.4M | $76.8M |
总债务HZORBC
| Q1 26 | $338.7M | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | $393.2M | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $391.2M | — | ||
| Q2 24 | — | — |
股东权益HZORBC
| Q1 26 | — | — | ||
| Q4 25 | $932.8M | $3.3B | ||
| Q3 25 | $937.2M | $3.2B | ||
| Q2 25 | $940.5M | $3.1B | ||
| Q1 25 | $993.4M | $3.0B | ||
| Q4 24 | $993.5M | $2.9B | ||
| Q3 24 | $975.8M | $2.9B | ||
| Q2 24 | $967.6M | $2.8B |
总资产HZORBC
| Q1 26 | $2.4B | — | ||
| Q4 25 | $2.4B | $5.1B | ||
| Q3 25 | $2.5B | $5.1B | ||
| Q2 25 | $2.5B | $4.8B | ||
| Q1 25 | $2.7B | $4.7B | ||
| Q4 24 | $2.6B | $4.7B | ||
| Q3 24 | $2.6B | $4.7B | ||
| Q2 24 | $2.6B | $4.7B |
负债/权益比HZORBC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | 0.42× | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 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 | — | $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HZORBC
| Q1 26 | — | — | ||
| Q4 25 | $16.9M | $122.1M | ||
| Q3 25 | $61.5M | $88.4M | ||
| Q2 25 | $84.9M | $120.0M | ||
| Q1 25 | $72.5M | — | ||
| Q4 24 | $-146.1M | $84.0M | ||
| Q3 24 | $-782.0K | — | ||
| Q2 24 | $86.3M | $97.4M |
自由现金流HZORBC
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | $99.1M | ||
| Q3 25 | $48.0M | $71.7M | ||
| Q2 25 | $68.5M | $104.3M | ||
| Q1 25 | $59.8M | — | ||
| Q4 24 | $-164.4M | $73.6M | ||
| Q3 24 | $-17.5M | — | ||
| Q2 24 | $71.1M | $88.4M |
自由现金流率HZORBC
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 21.5% | ||
| Q3 25 | 8.7% | 15.7% | ||
| Q2 25 | 10.4% | 23.9% | ||
| Q1 25 | 9.5% | — | ||
| Q4 24 | -35.1% | 18.7% | ||
| Q3 24 | -3.1% | — | ||
| Q2 24 | 9.4% | 21.8% |
资本支出强度HZORBC
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 5.0% | ||
| Q3 25 | 2.4% | 3.7% | ||
| Q2 25 | 2.5% | 3.6% | ||
| Q1 25 | 2.0% | 3.2% | ||
| Q4 24 | 3.9% | 2.6% | ||
| Q3 24 | 3.0% | 4.1% | ||
| Q2 24 | 2.0% | 2.2% |
现金转化率HZORBC
| Q1 26 | — | — | ||
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 21.97× | — | ||
| Q4 24 | -8.09× | 1.45× | ||
| Q3 24 | -0.20× | — | ||
| Q2 24 | 2.74× | 1.59× |
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
HZO
| Retail Operations | $525.3M | 100% |
| Product Manufacturing | $23.7M | 4% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
