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IHS Holding Ltd（IHS）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IHS Holding Ltd的1.8倍（$461.6M vs $254.0M），RBC Bearings INC同比增速更快（17.0% vs 0.1%），IHS Holding Ltd自由现金流更多（$178.6M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -22.0%）
IHS Holding是全球规模领先的共享通信基础设施独立持有、运营及开发企业之一，也是全球第五大独立跨国通信铁塔企业，业务覆盖非洲与拉美地区，为当地通信网络部署提供关键的铁塔基础设施支持。
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。
IHS vs RBC — 直观对比
营收规模更大
RBC
是对方的1.8倍
$254.0M
营收增速更快
RBC
高出17.0%
0.1%
自由现金流更多
IHS
多$79.5M
$99.1M
两年增速更快
RBC
近两年复合增速
-22.0%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $254.0M | $461.6M |
| 净利润 | — | $67.4M |
| 毛利率 | 83.6% | 44.3% |
| 营业利润率 | — | 22.3% |
| 净利率 | — | 14.6% |
| 营收同比 | 0.1% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | — | $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IHSRBC
| Q4 25 | $254.0M | $461.6M | ||
| Q3 25 | $455.1M | $455.3M | ||
| Q2 25 | $433.3M | $436.0M | ||
| Q1 25 | $439.6M | $437.7M | ||
| Q4 24 | $253.8M | $394.4M | ||
| Q3 24 | $420.3M | $397.9M | ||
| Q2 24 | $435.4M | $406.3M | ||
| Q1 24 | $417.7M | $413.7M |
净利润IHSRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $147.4M | $60.0M | ||
| Q2 25 | $32.3M | $68.5M | ||
| Q1 25 | $30.7M | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $-205.7M | $54.2M | ||
| Q2 24 | $-124.3M | $61.4M | ||
| Q1 24 | $-1.6B | — |
毛利率IHSRBC
| Q4 25 | 83.6% | 44.3% | ||
| Q3 25 | 47.5% | 44.1% | ||
| Q2 25 | 51.3% | 44.8% | ||
| Q1 25 | 51.4% | 44.2% | ||
| Q4 24 | 72.1% | 44.3% | ||
| Q3 24 | 52.0% | 43.7% | ||
| Q2 24 | 52.5% | 45.3% | ||
| Q1 24 | 39.1% | 43.1% |
营业利润率IHSRBC
| Q4 25 | — | 22.3% | ||
| Q3 25 | 35.1% | 21.5% | ||
| Q2 25 | 33.8% | 23.2% | ||
| Q1 25 | 37.1% | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 29.9% | 21.6% | ||
| Q2 24 | 34.0% | 24.0% | ||
| Q1 24 | -1.7% | 22.8% |
净利率IHSRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | 32.4% | 13.2% | ||
| Q2 25 | 7.5% | 15.7% | ||
| Q1 25 | 7.0% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | -48.9% | 13.6% | ||
| Q2 24 | -28.5% | 15.1% | ||
| Q1 24 | -372.8% | — |
每股收益（稀释后）IHSRBC
| Q4 25 | — | $2.13 | ||
| Q3 25 | $0.44 | $1.90 | ||
| Q2 25 | $0.10 | $2.17 | ||
| Q1 25 | $0.10 | $2.33 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | $-0.61 | $1.65 | ||
| Q2 24 | $-0.36 | $1.90 | ||
| Q1 24 | $-4.67 | $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 | $825.7M | $107.6M |
| 总债务越低越好 | $3.1B | $990.2M |
| 股东权益账面价值 | $-89.8M | $3.3B |
| 总资产 | $4.5B | $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IHSRBC
| Q4 25 | $825.7M | $107.6M | ||
| Q3 25 | $647.6M | $91.2M | ||
| Q2 25 | $531.8M | $132.9M | ||
| Q1 25 | $629.0M | $36.8M | ||
| Q4 24 | $578.0M | — | ||
| Q3 24 | $397.5M | — | ||
| Q2 24 | $445.7M | $76.8M | ||
| Q1 24 | $333.2M | $63.5M |
总债务IHSRBC
| Q4 25 | $3.1B | $990.2M | ||
| Q3 25 | $3.3B | $1.1B | ||
| Q2 25 | $3.2B | $915.6M | ||
| Q1 25 | $3.4B | $920.1M | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.5B | — | ||
| Q2 24 | $3.6B | — | ||
| Q1 24 | $3.5B | $1.2B |
股东权益IHSRBC
| Q4 25 | $-89.8M | $3.3B | ||
| Q3 25 | $38.1M | $3.2B | ||
| Q2 25 | $-98.4M | $3.1B | ||
| Q1 25 | $-184.4M | $3.0B | ||
| Q4 24 | $-314.4M | $2.9B | ||
| Q3 24 | $-284.7M | $2.9B | ||
| Q2 24 | $-308.3M | $2.8B | ||
| Q1 24 | $-163.2M | $2.8B |
总资产IHSRBC
| Q4 25 | $4.5B | $5.1B | ||
| Q3 25 | $4.7B | $5.1B | ||
| Q2 25 | $4.5B | $4.8B | ||
| Q1 25 | $4.4B | $4.7B | ||
| Q4 24 | $4.2B | $4.7B | ||
| Q3 24 | $4.6B | $4.7B | ||
| Q2 24 | $4.5B | $4.7B | ||
| Q1 24 | $4.6B | $4.7B |
负债/权益比IHSRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 85.85× | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | $246.9M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $178.6M | $99.1M |
| 自由现金流率自由现金流/营收 | 70.3% | 21.5% |
| 资本支出强度资本支出/营收 | 26.9% | 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 | $718.7M | — |
8季度趋势，按日历期对齐
经营现金流IHSRBC
| Q4 25 | $246.9M | $122.1M | ||
| Q3 25 | $251.3M | $88.4M | ||
| Q2 25 | $237.7M | $120.0M | ||
| Q1 25 | $200.3M | — | ||
| Q4 24 | $344.4M | $84.0M | ||
| Q3 24 | $174.5M | — | ||
| Q2 24 | $134.7M | $97.4M | ||
| Q1 24 | $75.8M | — |
自由现金流IHSRBC
| Q4 25 | $178.6M | $99.1M | ||
| Q3 25 | $189.2M | $71.7M | ||
| Q2 25 | $197.7M | $104.3M | ||
| Q1 25 | $153.2M | — | ||
| Q4 24 | $282.9M | $73.6M | ||
| Q3 24 | $122.3M | — | ||
| Q2 24 | $74.2M | $88.4M | ||
| Q1 24 | $14.8M | — |
自由现金流率IHSRBC
| Q4 25 | 70.3% | 21.5% | ||
| Q3 25 | 41.6% | 15.7% | ||
| Q2 25 | 45.6% | 23.9% | ||
| Q1 25 | 34.8% | — | ||
| Q4 24 | 111.5% | 18.7% | ||
| Q3 24 | 29.1% | — | ||
| Q2 24 | 17.0% | 21.8% | ||
| Q1 24 | 3.5% | — |
资本支出强度IHSRBC
| Q4 25 | 26.9% | 5.0% | ||
| Q3 25 | 13.6% | 3.7% | ||
| Q2 25 | 9.2% | 3.6% | ||
| Q1 25 | 10.7% | 3.2% | ||
| Q4 24 | 24.2% | 2.6% | ||
| Q3 24 | 12.4% | 4.1% | ||
| Q2 24 | 13.9% | 2.2% | ||
| Q1 24 | 14.6% | — |
现金转化率IHSRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 1.70× | 1.47× | ||
| Q2 25 | 7.36× | 1.75× | ||
| Q1 25 | 6.52× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | — | — |
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
IHS
暂无分部数据
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
