vs
拉扎德（LAZ）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
拉扎德的季度营收约是RBC Bearings INC的1.7倍（$779.4M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 13.0%，领先1.6%），RBC Bearings INC同比增速更快（17.0% vs 17.0%），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 4.9%）
拉扎德公司是一家美国金融咨询与资产管理机构，业务覆盖投资银行、资产管理及其他金融服务，核心客户以机构客户为主。作为全球规模最大的独立投资银行，其主要行政办公室分布于纽约、巴黎及伦敦三地。
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。
LAZ vs RBC — 直观对比
营收规模更大
LAZ
是对方的1.7倍
$461.6M
营收增速更快
RBC
高出0.0%
17.0%
净利率更高
RBC
高出1.6%
13.0%
两年增速更快
RBC
近两年复合增速
4.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $779.4M | $461.6M |
| 净利润 | $101.0M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 11.5% | 22.3% |
| 净利率 | 13.0% | 14.6% |
| 营收同比 | 17.0% | 17.0% |
| 净利润同比 | 67.0% | 16.4% |
| 每股收益（稀释后） | $0.91 | $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LAZRBC
| Q1 26 | $779.4M | — | ||
| Q4 25 | $929.4M | $461.6M | ||
| Q3 25 | $770.8M | $455.3M | ||
| Q2 25 | $817.2M | $436.0M | ||
| Q1 25 | $669.2M | $437.7M | ||
| Q4 24 | $839.0M | $394.4M | ||
| Q3 24 | $807.4M | $397.9M | ||
| Q2 24 | $708.0M | $406.3M |
净利润LAZRBC
| Q1 26 | $101.0M | — | ||
| Q4 25 | $49.9M | $67.4M | ||
| Q3 25 | $71.2M | $60.0M | ||
| Q2 25 | $55.3M | $68.5M | ||
| Q1 25 | $60.4M | $72.7M | ||
| Q4 24 | $86.3M | $57.9M | ||
| Q3 24 | $107.9M | $54.2M | ||
| Q2 24 | $49.9M | $61.4M |
毛利率LAZRBC
| Q1 26 | — | — | ||
| 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% |
营业利润率LAZRBC
| Q1 26 | 11.5% | — | ||
| Q4 25 | 9.1% | 22.3% | ||
| Q3 25 | 12.3% | 21.5% | ||
| Q2 25 | 11.4% | 23.2% | ||
| Q1 25 | 8.2% | 23.0% | ||
| Q4 24 | 12.8% | 21.7% | ||
| Q3 24 | 20.0% | 21.6% | ||
| Q2 24 | 9.0% | 24.0% |
净利率LAZRBC
| Q1 26 | 13.0% | — | ||
| Q4 25 | 5.4% | 14.6% | ||
| Q3 25 | 9.2% | 13.2% | ||
| Q2 25 | 6.8% | 15.7% | ||
| Q1 25 | 9.0% | 16.6% | ||
| Q4 24 | 10.3% | 14.7% | ||
| Q3 24 | 13.4% | 13.6% | ||
| Q2 24 | 7.0% | 15.1% |
每股收益（稀释后）LAZRBC
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.44 | $2.13 | ||
| Q3 25 | $0.65 | $1.90 | ||
| Q2 25 | $0.52 | $2.17 | ||
| Q1 25 | $0.56 | $2.33 | ||
| Q4 24 | $0.82 | $1.82 | ||
| Q3 24 | $1.02 | $1.65 | ||
| Q2 24 | $0.49 | $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 | $1.0B | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $872.5M | $3.3B |
| 总资产 | $4.2B | $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LAZRBC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.5B | $107.6M | ||
| Q3 25 | $1.2B | $91.2M | ||
| Q2 25 | $978.3M | $132.9M | ||
| Q1 25 | $908.6M | $36.8M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $847.6M | $76.8M |
总债务LAZRBC
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | $990.2M | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.7B | $915.6M | ||
| Q1 25 | $1.7B | $920.1M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.9B | — |
股东权益LAZRBC
| Q1 26 | $872.5M | — | ||
| Q4 25 | $873.7M | $3.3B | ||
| Q3 25 | $841.5M | $3.2B | ||
| Q2 25 | $741.6M | $3.1B | ||
| Q1 25 | $603.0M | $3.0B | ||
| Q4 24 | $636.2M | $2.9B | ||
| Q3 24 | $624.3M | $2.9B | ||
| Q2 24 | $458.7M | $2.8B |
总资产LAZRBC
| Q1 26 | $4.2B | — | ||
| Q4 25 | $4.9B | $5.1B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $4.5B | $4.8B | ||
| Q1 25 | $4.2B | $4.7B | ||
| Q4 24 | $4.8B | $4.7B | ||
| Q3 24 | $4.8B | $4.7B | ||
| Q2 24 | $4.5B | $4.7B |
负债/权益比LAZRBC
| Q1 26 | — | — | ||
| Q4 25 | 1.93× | 0.30× | ||
| Q3 25 | 2.01× | 0.34× | ||
| Q2 25 | 2.28× | 0.29× | ||
| Q1 25 | 2.80× | 0.30× | ||
| Q4 24 | 2.65× | — | ||
| Q3 24 | 2.97× | — | ||
| Q2 24 | 4.04× | — |
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LAZRBC
| Q1 26 | — | — | ||
| Q4 25 | $399.7M | $122.1M | ||
| Q3 25 | $287.5M | $88.4M | ||
| Q2 25 | $49.7M | $120.0M | ||
| Q1 25 | $-217.5M | — | ||
| Q4 24 | $362.9M | $84.0M | ||
| Q3 24 | $293.7M | — | ||
| Q2 24 | $176.2M | $97.4M |
自由现金流LAZRBC
| Q1 26 | — | — | ||
| Q4 25 | $396.1M | $99.1M | ||
| Q3 25 | $284.6M | $71.7M | ||
| Q2 25 | $38.0M | $104.3M | ||
| Q1 25 | $-231.3M | — | ||
| Q4 24 | $348.0M | $73.6M | ||
| Q3 24 | $276.2M | — | ||
| Q2 24 | $169.8M | $88.4M |
自由现金流率LAZRBC
| Q1 26 | — | — | ||
| Q4 25 | 42.6% | 21.5% | ||
| Q3 25 | 36.9% | 15.7% | ||
| Q2 25 | 4.6% | 23.9% | ||
| Q1 25 | -34.6% | — | ||
| Q4 24 | 41.5% | 18.7% | ||
| Q3 24 | 34.2% | — | ||
| Q2 24 | 24.0% | 21.8% |
资本支出强度LAZRBC
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 5.0% | ||
| Q3 25 | 0.4% | 3.7% | ||
| Q2 25 | 1.4% | 3.6% | ||
| Q1 25 | 2.1% | 3.2% | ||
| Q4 24 | 1.8% | 2.6% | ||
| Q3 24 | 2.2% | 4.1% | ||
| Q2 24 | 0.9% | 2.2% |
现金转化率LAZRBC
| Q1 26 | — | — | ||
| Q4 25 | 8.02× | 1.81× | ||
| Q3 25 | 4.03× | 1.47× | ||
| Q2 25 | 0.90× | 1.75× | ||
| Q1 25 | -3.60× | — | ||
| Q4 24 | 4.20× | 1.45× | ||
| Q3 24 | 2.72× | — | ||
| Q2 24 | 3.53× | 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
LAZ
| Financial Advisory | $356.2M | 46% |
| Asset Management | $308.8M | 40% |
| Other | $106.4M | 14% |
| Corporate | $8.0M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
