vs
力特（LFUS）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
力特的季度营收约是RBC Bearings INC的1.3倍（$593.9M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs -40.8%，领先55.4%），RBC Bearings INC同比增速更快（17.0% vs 12.2%），力特自由现金流更多（$119.7M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 5.3%）
力特是全球领先的电路保护、传感及控制组件制造商，主营保险丝、半导体保护器件、功率开关、传感器、断路器等产品，服务汽车、工业电子、消费电子、通信及可再生能源等领域，为全球客户提供提升设备安全可靠性的解决方案。
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。
LFUS vs RBC — 直观对比
营收规模更大
LFUS
是对方的1.3倍
$461.6M
营收增速更快
RBC
高出4.9%
12.2%
净利率更高
RBC
高出55.4%
-40.8%
自由现金流更多
LFUS
多$20.6M
$99.1M
两年增速更快
RBC
近两年复合增速
5.3%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $593.9M | $461.6M |
| 净利润 | $-242.1M | $67.4M |
| 毛利率 | 38.0% | 44.3% |
| 营业利润率 | -37.5% | 22.3% |
| 净利率 | -40.8% | 14.6% |
| 营收同比 | 12.2% | 17.0% |
| 净利润同比 | -367.6% | 16.4% |
| 每股收益（稀释后） | $-9.71 | $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LFUSRBC
| Q4 25 | $593.9M | $461.6M | ||
| Q3 25 | $624.6M | $455.3M | ||
| Q2 25 | $613.4M | $436.0M | ||
| Q1 25 | $554.3M | $437.7M | ||
| Q4 24 | $529.5M | $394.4M | ||
| Q3 24 | $567.4M | $397.9M | ||
| Q2 24 | $558.5M | $406.3M | ||
| Q1 24 | $535.4M | $413.7M |
净利润LFUSRBC
| Q4 25 | $-242.1M | $67.4M | ||
| Q3 25 | $69.5M | $60.0M | ||
| Q2 25 | $57.3M | $68.5M | ||
| Q1 25 | $43.6M | $72.7M | ||
| Q4 24 | $-51.8M | $57.9M | ||
| Q3 24 | $58.1M | $54.2M | ||
| Q2 24 | $45.5M | $61.4M | ||
| Q1 24 | $48.5M | — |
毛利率LFUSRBC
| Q4 25 | 38.0% | 44.3% | ||
| Q3 25 | 38.6% | 44.1% | ||
| Q2 25 | 37.8% | 44.8% | ||
| Q1 25 | 37.4% | 44.2% | ||
| Q4 24 | 33.4% | 44.3% | ||
| Q3 24 | 38.1% | 43.7% | ||
| Q2 24 | 37.1% | 45.3% | ||
| Q1 24 | 35.1% | 43.1% |
营业利润率LFUSRBC
| Q4 25 | -37.5% | 22.3% | ||
| Q3 25 | 15.6% | 21.5% | ||
| Q2 25 | 15.1% | 23.2% | ||
| Q1 25 | 12.7% | 23.0% | ||
| Q4 24 | -9.3% | 21.7% | ||
| Q3 24 | 15.5% | 21.6% | ||
| Q2 24 | 11.7% | 24.0% | ||
| Q1 24 | 10.3% | 22.8% |
净利率LFUSRBC
| Q4 25 | -40.8% | 14.6% | ||
| Q3 25 | 11.1% | 13.2% | ||
| Q2 25 | 9.3% | 15.7% | ||
| Q1 25 | 7.9% | 16.6% | ||
| Q4 24 | -9.8% | 14.7% | ||
| Q3 24 | 10.2% | 13.6% | ||
| Q2 24 | 8.1% | 15.1% | ||
| Q1 24 | 9.0% | — |
每股收益（稀释后）LFUSRBC
| Q4 25 | $-9.71 | $2.13 | ||
| Q3 25 | $2.77 | $1.90 | ||
| Q2 25 | $2.30 | $2.17 | ||
| Q1 25 | $1.75 | $2.33 | ||
| Q4 24 | $-2.07 | $1.82 | ||
| Q3 24 | $2.32 | $1.65 | ||
| Q2 24 | $1.82 | $1.90 | ||
| Q1 24 | $1.93 | $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 | $563.7M | $107.6M |
| 总债务越低越好 | $802.6M | $990.2M |
| 股东权益账面价值 | $2.4B | $3.3B |
| 总资产 | $4.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.33× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资LFUSRBC
| Q4 25 | $563.7M | $107.6M | ||
| Q3 25 | $815.0M | $91.2M | ||
| Q2 25 | $685.5M | $132.9M | ||
| Q1 25 | $619.7M | $36.8M | ||
| Q4 24 | $725.9M | — | ||
| Q3 24 | $630.7M | — | ||
| Q2 24 | $562.7M | $76.8M | ||
| Q1 24 | $562.4M | $63.5M |
总债务LFUSRBC
| Q4 25 | $802.6M | $990.2M | ||
| Q3 25 | $805.8M | $1.1B | ||
| Q2 25 | $810.2M | $915.6M | ||
| Q1 25 | $805.7M | $920.1M | ||
| Q4 24 | $856.1M | — | ||
| Q3 24 | $867.7M | — | ||
| Q2 24 | $863.5M | — | ||
| Q1 24 | $866.7M | $1.2B |
股东权益LFUSRBC
| Q4 25 | $2.4B | $3.3B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.6B | $3.1B | ||
| Q1 25 | $2.5B | $3.0B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.6B | $2.9B | ||
| Q2 24 | $2.5B | $2.8B | ||
| Q1 24 | $2.5B | $2.8B |
总资产LFUSRBC
| Q4 25 | $4.0B | $5.1B | ||
| Q3 25 | $4.2B | $5.1B | ||
| Q2 25 | $4.1B | $4.8B | ||
| Q1 25 | $3.9B | $4.7B | ||
| Q4 24 | $3.9B | $4.7B | ||
| Q3 24 | $4.1B | $4.7B | ||
| Q2 24 | $3.9B | $4.7B | ||
| Q1 24 | $3.9B | $4.7B |
负债/权益比LFUSRBC
| Q4 25 | 0.33× | 0.30× | ||
| Q3 25 | 0.30× | 0.34× | ||
| Q2 25 | 0.31× | 0.29× | ||
| Q1 25 | 0.33× | 0.30× | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.35× | — | ||
| Q1 24 | 0.35× | 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 | $138.7M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $119.7M | $99.1M |
| 自由现金流率自由现金流/营收 | 20.2% | 21.5% |
| 资本支出强度资本支出/营收 | 3.2% | 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 | $366.1M | — |
8季度趋势，按日历期对齐
经营现金流LFUSRBC
| Q4 25 | $138.7M | $122.1M | ||
| Q3 25 | $146.9M | $88.4M | ||
| Q2 25 | $82.5M | $120.0M | ||
| Q1 25 | $65.8M | — | ||
| Q4 24 | $160.6M | $84.0M | ||
| Q3 24 | $80.4M | — | ||
| Q2 24 | $69.4M | $97.4M | ||
| Q1 24 | $57.1M | — |
自由现金流LFUSRBC
| Q4 25 | $119.7M | $99.1M | ||
| Q3 25 | $131.2M | $71.7M | ||
| Q2 25 | $72.6M | $104.3M | ||
| Q1 25 | $42.7M | — | ||
| Q4 24 | $134.8M | $73.6M | ||
| Q3 24 | $65.0M | — | ||
| Q2 24 | $50.3M | $88.4M | ||
| Q1 24 | $41.6M | — |
自由现金流率LFUSRBC
| Q4 25 | 20.2% | 21.5% | ||
| Q3 25 | 21.0% | 15.7% | ||
| Q2 25 | 11.8% | 23.9% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 25.5% | 18.7% | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 9.0% | 21.8% | ||
| Q1 24 | 7.8% | — |
资本支出强度LFUSRBC
| Q4 25 | 3.2% | 5.0% | ||
| Q3 25 | 2.5% | 3.7% | ||
| Q2 25 | 1.6% | 3.6% | ||
| Q1 25 | 4.2% | 3.2% | ||
| Q4 24 | 4.9% | 2.6% | ||
| Q3 24 | 2.7% | 4.1% | ||
| Q2 24 | 3.4% | 2.2% | ||
| Q1 24 | 2.9% | — |
现金转化率LFUSRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 2.11× | 1.47× | ||
| Q2 25 | 1.44× | 1.75× | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | 1.53× | 1.59× | ||
| Q1 24 | 1.18× | — |
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
LFUS
| Electronics Passive Products And Sensors | $174.9M | 29% |
| Electronics Semiconductor | $170.3M | 29% |
| Industrial Products | $85.0M | 14% |
| Commercial Vehicle Products | $76.2M | 13% |
| Passenger Car Products | $72.8M | 12% |
| Automotive Sensors | $14.7M | 2% |
| Dortmund Fab | $12.5M | 2% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
