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冠群电脑（MANH）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的季度营收约是冠群电脑的1.6倍（$461.6M vs $282.2M），冠群电脑净利率更高（17.5% vs 14.6%，领先2.9%），RBC Bearings INC同比增速更快（17.0% vs 6.0%），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 3.1%）
原冠群电脑国际有限公司，后更名为CA科技，是1976年至2018年存续的美国跨国企业软件开发商与发行商。作为全球顶尖独立软件企业之一，曾位列行业第二，旗下系统软件适配IBM大型机、分布式计算、虚拟机及云计算环境。
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。
MANH vs RBC — 直观对比
营收规模更大
RBC
是对方的1.6倍
$282.2M
营收增速更快
RBC
高出11.0%
6.0%
净利率更高
MANH
高出2.9%
14.6%
两年增速更快
RBC
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $282.2M | $461.6M |
| 净利润 | $49.3M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 23.0% | 22.3% |
| 净利率 | 17.5% | 14.6% |
| 营收同比 | 6.0% | 17.0% |
| 净利润同比 | -6.3% | 16.4% |
| 每股收益（稀释后） | $0.82 | $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MANHRBC
| Q1 26 | $282.2M | — | ||
| Q4 25 | $270.4M | $461.6M | ||
| Q3 25 | $275.8M | $455.3M | ||
| Q2 25 | $272.4M | $436.0M | ||
| Q1 25 | $262.8M | $437.7M | ||
| Q4 24 | $255.8M | $394.4M | ||
| Q3 24 | $266.7M | $397.9M | ||
| Q2 24 | $265.3M | $406.3M |
净利润MANHRBC
| Q1 26 | $49.3M | — | ||
| Q4 25 | $52.0M | $67.4M | ||
| Q3 25 | $58.6M | $60.0M | ||
| Q2 25 | $56.8M | $68.5M | ||
| Q1 25 | $52.6M | $72.7M | ||
| Q4 24 | $48.0M | $57.9M | ||
| Q3 24 | $63.8M | $54.2M | ||
| Q2 24 | $52.8M | $61.4M |
毛利率MANHRBC
| Q1 26 | — | — | ||
| Q4 25 | 55.0% | 44.3% | ||
| Q3 25 | 56.6% | 44.1% | ||
| Q2 25 | 57.3% | 44.8% | ||
| Q1 25 | 56.4% | 44.2% | ||
| Q4 24 | 55.8% | 44.3% | ||
| Q3 24 | 55.5% | 43.7% | ||
| Q2 24 | 54.8% | 45.3% |
营业利润率MANHRBC
| Q1 26 | 23.0% | — | ||
| Q4 25 | 24.8% | 22.3% | ||
| Q3 25 | 27.5% | 21.5% | ||
| Q2 25 | 27.1% | 23.2% | ||
| Q1 25 | 24.0% | 23.0% | ||
| Q4 24 | 23.7% | 21.7% | ||
| Q3 24 | 28.2% | 21.6% | ||
| Q2 24 | 25.7% | 24.0% |
净利率MANHRBC
| Q1 26 | 17.5% | — | ||
| Q4 25 | 19.2% | 14.6% | ||
| Q3 25 | 21.3% | 13.2% | ||
| Q2 25 | 20.8% | 15.7% | ||
| Q1 25 | 20.0% | 16.6% | ||
| Q4 24 | 18.8% | 14.7% | ||
| Q3 24 | 23.9% | 13.6% | ||
| Q2 24 | 19.9% | 15.1% |
每股收益（稀释后）MANHRBC
| Q1 26 | $0.82 | — | ||
| Q4 25 | $0.86 | $2.13 | ||
| Q3 25 | $0.96 | $1.90 | ||
| Q2 25 | $0.93 | $2.17 | ||
| Q1 25 | $0.85 | $2.33 | ||
| Q4 24 | $0.77 | $1.82 | ||
| Q3 24 | $1.03 | $1.65 | ||
| Q2 24 | $0.85 | $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 | $226.1M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $205.2M | $3.3B |
| 总资产 | $740.5M | $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MANHRBC
| Q1 26 | $226.1M | — | ||
| Q4 25 | $328.7M | $107.6M | ||
| Q3 25 | $263.6M | $91.2M | ||
| Q2 25 | $230.6M | $132.9M | ||
| Q1 25 | $205.9M | $36.8M | ||
| Q4 24 | $266.2M | — | ||
| Q3 24 | $215.0M | — | ||
| Q2 24 | $202.7M | $76.8M |
总债务MANHRBC
| Q1 26 | — | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MANHRBC
| Q1 26 | $205.2M | — | ||
| Q4 25 | $314.8M | $3.3B | ||
| Q3 25 | $309.2M | $3.2B | ||
| Q2 25 | $278.8M | $3.1B | ||
| Q1 25 | $245.1M | $3.0B | ||
| Q4 24 | $299.1M | $2.9B | ||
| Q3 24 | $278.0M | $2.9B | ||
| Q2 24 | $240.6M | $2.8B |
总资产MANHRBC
| Q1 26 | $740.5M | — | ||
| Q4 25 | $839.4M | $5.1B | ||
| Q3 25 | $768.8M | $5.1B | ||
| Q2 25 | $744.7M | $4.8B | ||
| Q1 25 | $708.2M | $4.7B | ||
| Q4 24 | $757.6M | $4.7B | ||
| Q3 24 | $698.1M | $4.7B | ||
| Q2 24 | $665.3M | $4.7B |
负债/权益比MANHRBC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| 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 | $84.0M | $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 | 0.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.70× | 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MANHRBC
| Q1 26 | $84.0M | — | ||
| Q4 25 | $147.1M | $122.1M | ||
| Q3 25 | $93.1M | $88.4M | ||
| Q2 25 | $74.0M | $120.0M | ||
| Q1 25 | $75.3M | — | ||
| Q4 24 | $104.7M | $84.0M | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $73.3M | $97.4M |
自由现金流MANHRBC
| Q1 26 | — | — | ||
| Q4 25 | $142.4M | $99.1M | ||
| Q3 25 | $87.2M | $71.7M | ||
| Q2 25 | $70.1M | $104.3M | ||
| Q1 25 | $74.4M | — | ||
| Q4 24 | $101.6M | $73.6M | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $71.0M | $88.4M |
自由现金流率MANHRBC
| Q1 26 | — | — | ||
| Q4 25 | 52.7% | 21.5% | ||
| Q3 25 | 31.6% | 15.7% | ||
| Q2 25 | 25.7% | 23.9% | ||
| Q1 25 | 28.3% | — | ||
| Q4 24 | 39.7% | 18.7% | ||
| Q3 24 | 23.0% | — | ||
| Q2 24 | 26.8% | 21.8% |
资本支出强度MANHRBC
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.7% | 5.0% | ||
| Q3 25 | 2.1% | 3.7% | ||
| Q2 25 | 1.5% | 3.6% | ||
| Q1 25 | 0.3% | 3.2% | ||
| Q4 24 | 1.2% | 2.6% | ||
| Q3 24 | 0.4% | 4.1% | ||
| Q2 24 | 0.8% | 2.2% |
现金转化率MANHRBC
| Q1 26 | 1.70× | — | ||
| Q4 25 | 2.83× | 1.81× | ||
| Q3 25 | 1.59× | 1.47× | ||
| Q2 25 | 1.30× | 1.75× | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 2.18× | 1.45× | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 1.39× | 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
MANH
| Services | $125.7M | 45% |
| Cloud subscriptions | $117.1M | 42% |
| Maintenance | $30.6M | 11% |
| Hardware | $6.5M | 2% |
| Software license | $2.2M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
