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是德科技（KEYS）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
是德科技的季度营收约是Rithm Capital Corp.的1.7倍（$1.4B vs $828.2M），是德科技净利率更高（16.4% vs 13.2%，领先3.2%），Rithm Capital Corp.同比增速更快（508.5% vs 10.3%），过去两年是德科技的营收复合增速更高（6.2% vs -17.9%）
是德科技是一家美国企业，主营电子测试测量设备与软件的研发、生产业务。公司由安捷伦科技拆分而来，核心产品线继承自惠普测试测量部门上世纪60年代末至千禧年间开发的相关产品，后独立为现有品牌。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
KEYS vs RITM — 直观对比
营收规模更大
KEYS
是对方的1.7倍
$828.2M
营收增速更快
RITM
高出498.2%
10.3%
净利率更高
KEYS
高出3.2%
13.2%
两年增速更快
KEYS
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $828.2M |
| 净利润 | $233.0M | $109.5M |
| 毛利率 | 61.2% | — |
| 营业利润率 | 15.3% | 29.9% |
| 净利率 | 16.4% | 13.2% |
| 营收同比 | 10.3% | 508.5% |
| 净利润同比 | 419.2% | 27.7% |
| 每股收益（稀释后） | $1.35 | $0.12 |
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KEYSRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $768.4M | ||
| Q4 24 | $1.3B | $2.1B | ||
| Q3 24 | $1.2B | $619.5M | ||
| Q2 24 | $1.2B | $1.2B |
净利润KEYSRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $233.0M | $85.0M | ||
| Q3 25 | $191.0M | $221.5M | ||
| Q2 25 | $257.0M | $311.7M | ||
| Q1 25 | $169.0M | $78.8M | ||
| Q4 24 | $-73.0M | $290.2M | ||
| Q3 24 | $389.0M | $121.7M | ||
| Q2 24 | $126.0M | $235.6M |
毛利率KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | 61.2% | — | ||
| Q3 25 | 61.7% | — | ||
| Q2 25 | 62.3% | — | ||
| Q1 25 | 63.2% | — | ||
| Q4 24 | 62.3% | — | ||
| Q3 24 | 62.0% | — | ||
| Q2 24 | 62.7% | — |
营业利润率KEYSRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 15.3% | 13.8% | ||
| Q3 25 | 17.3% | 21.4% | ||
| Q2 25 | 15.8% | 25.2% | ||
| Q1 25 | 16.8% | 7.4% | ||
| Q4 24 | 17.9% | 23.8% | ||
| Q3 24 | 16.8% | 7.3% | ||
| Q2 24 | 14.6% | 23.6% |
净利率KEYSRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 16.4% | 5.7% | ||
| Q3 25 | 14.1% | 20.0% | ||
| Q2 25 | 19.7% | 25.6% | ||
| Q1 25 | 13.0% | 10.3% | ||
| Q4 24 | -5.7% | 14.0% | ||
| Q3 24 | 32.0% | 19.7% | ||
| Q2 24 | 10.4% | 19.2% |
每股收益（稀释后）KEYSRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $1.35 | $0.09 | ||
| Q3 25 | $1.10 | $0.35 | ||
| Q2 25 | $1.49 | $0.53 | ||
| Q1 25 | $0.97 | $0.07 | ||
| Q4 24 | $-0.41 | $0.50 | ||
| Q3 24 | $2.22 | $0.20 | ||
| Q2 24 | $0.72 | $0.43 |
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 | $1.9B | — |
| 总债务越低越好 | $2.5B | — |
| 股东权益账面价值 | $5.9B | $9.1B |
| 总资产 | $11.3B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.43× | — |
8季度趋势，按日历期对齐
现金及短期投资KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | $1.8B | ||
| Q3 25 | $2.6B | $1.6B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $2.1B | $1.5B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.6B | $1.6B | ||
| Q2 24 | $1.7B | $1.2B |
总债务KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | $2.5B | $35.4B | ||
| Q3 25 | $2.5B | $32.2B | ||
| Q2 25 | $2.5B | $31.2B | ||
| Q1 25 | $1.8B | $32.2B | ||
| Q4 24 | $1.8B | $32.6B | ||
| Q3 24 | $1.8B | $29.6B | ||
| Q2 24 | $1.8B | $30.1B |
股东权益KEYSRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $5.9B | $8.4B | ||
| Q3 25 | $5.7B | $8.5B | ||
| Q2 25 | $5.5B | $7.9B | ||
| Q1 25 | $5.2B | $7.8B | ||
| Q4 24 | $5.1B | $7.8B | ||
| Q3 24 | $5.2B | $7.7B | ||
| Q2 24 | $4.9B | $7.3B |
总资产KEYSRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $11.3B | $53.1B | ||
| Q3 25 | $10.7B | $47.2B | ||
| Q2 25 | $10.5B | $44.3B | ||
| Q1 25 | $9.4B | $45.3B | ||
| Q4 24 | $9.3B | $46.0B | ||
| Q3 24 | $9.3B | $42.3B | ||
| Q2 24 | $9.0B | $42.0B |
负债/权益比KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.43× | 4.20× | ||
| Q3 25 | 0.45× | 3.79× | ||
| Q2 25 | 0.46× | 3.92× | ||
| Q1 25 | 0.35× | 4.14× | ||
| Q4 24 | 0.35× | 4.18× | ||
| Q3 24 | 0.34× | 3.87× | ||
| Q2 24 | 0.37× | 4.10× |
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 | $225.0M | — |
| 自由现金流经营现金流 - 资本支出 | $187.0M | — |
| 自由现金流率自由现金流/营收 | 13.2% | — |
| 资本支出强度资本支出/营收 | 2.7% | — |
| 现金转化率经营现金流/净利润 | 0.97× | — |
| 过去12个月自由现金流最近4个季度 | $1.3B | — |
8季度趋势，按日历期对齐
经营现金流KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | $225.0M | $-114.6M | ||
| Q3 25 | $322.0M | $-2.0B | ||
| Q2 25 | $484.0M | $-557.1M | ||
| Q1 25 | $378.0M | $1.4B | ||
| Q4 24 | $359.0M | $-1.8B | ||
| Q3 24 | $255.0M | $768.1M | ||
| Q2 24 | $110.0M | $-55.7M |
自由现金流KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | $187.0M | — | ||
| Q3 25 | $291.0M | — | ||
| Q2 25 | $457.0M | — | ||
| Q1 25 | $346.0M | — | ||
| Q4 24 | $321.0M | — | ||
| Q3 24 | $222.0M | — | ||
| Q2 24 | $74.0M | — |
自由现金流率KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | — | ||
| Q3 25 | 21.5% | — | ||
| Q2 25 | 35.0% | — | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 24.9% | — | ||
| Q3 24 | 18.2% | — | ||
| Q2 24 | 6.1% | — |
资本支出强度KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.5% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 3.0% | — |
现金转化率KEYSRITM
| Q1 26 | — | — | ||
| Q4 25 | 0.97× | -1.35× | ||
| Q3 25 | 1.69× | -9.22× | ||
| Q2 25 | 1.88× | -1.79× | ||
| Q1 25 | 2.24× | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | 0.66× | 6.31× | ||
| Q2 24 | 0.87× | -0.24× |
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
KEYS
| Transferred At Point In Time | $790.0M | 56% |
| Electronicindustrial | $429.0M | 30% |
| Transferred Over Time | $200.0M | 14% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
