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冠群电脑（MANH）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
冠群电脑的季度营收约是REPLIGEN CORP的1.4倍（$282.2M vs $197.9M），冠群电脑净利率更高（17.5% vs 6.7%，领先10.8%），REPLIGEN CORP同比增速更快（13.6% vs 6.0%），过去两年REPLIGEN CORP的营收复合增速更高（14.4% 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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
MANH vs RGEN — 直观对比
营收规模更大
MANH
是对方的1.4倍
$197.9M
营收增速更快
RGEN
高出7.6%
6.0%
净利率更高
MANH
高出10.8%
6.7%
两年增速更快
RGEN
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.2M | $197.9M |
| 净利润 | $49.3M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | 23.0% | 9.0% |
| 净利率 | 17.5% | 6.7% |
| 营收同比 | 6.0% | 13.6% |
| 净利润同比 | -6.3% | 143.9% |
| 每股收益（稀释后） | $0.82 | $0.24 |
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MANHRGEN
| Q1 26 | $282.2M | — | ||
| Q4 25 | $270.4M | $197.9M | ||
| Q3 25 | $275.8M | $188.8M | ||
| Q2 25 | $272.4M | $182.4M | ||
| Q1 25 | $262.8M | $169.2M | ||
| Q4 24 | $255.8M | $174.1M | ||
| Q3 24 | $266.7M | $154.9M | ||
| Q2 24 | $265.3M | $154.1M |
净利润MANHRGEN
| Q1 26 | $49.3M | — | ||
| Q4 25 | $52.0M | $13.3M | ||
| Q3 25 | $58.6M | $14.9M | ||
| Q2 25 | $56.8M | $14.9M | ||
| Q1 25 | $52.6M | $5.8M | ||
| Q4 24 | $48.0M | $-30.3M | ||
| Q3 24 | $63.8M | $-654.0K | ||
| Q2 24 | $52.8M | $3.3M |
毛利率MANHRGEN
| Q1 26 | — | — | ||
| Q4 25 | 55.0% | 52.5% | ||
| Q3 25 | 56.6% | 53.2% | ||
| Q2 25 | 57.3% | 50.0% | ||
| Q1 25 | 56.4% | 53.6% | ||
| Q4 24 | 55.8% | 26.1% | ||
| Q3 24 | 55.5% | 50.0% | ||
| Q2 24 | 54.8% | 49.8% |
营业利润率MANHRGEN
| Q1 26 | 23.0% | — | ||
| Q4 25 | 24.8% | 9.0% | ||
| Q3 25 | 27.5% | 8.9% | ||
| Q2 25 | 27.1% | 7.6% | ||
| Q1 25 | 24.0% | 3.9% | ||
| Q4 24 | 23.7% | -17.7% | ||
| Q3 24 | 28.2% | -5.1% | ||
| Q2 24 | 25.7% | 1.0% |
净利率MANHRGEN
| Q1 26 | 17.5% | — | ||
| Q4 25 | 19.2% | 6.7% | ||
| Q3 25 | 21.3% | 7.9% | ||
| Q2 25 | 20.8% | 8.2% | ||
| Q1 25 | 20.0% | 3.4% | ||
| Q4 24 | 18.8% | -17.4% | ||
| Q3 24 | 23.9% | -0.4% | ||
| Q2 24 | 19.9% | 2.2% |
每股收益（稀释后）MANHRGEN
| Q1 26 | $0.82 | — | ||
| Q4 25 | $0.86 | $0.24 | ||
| Q3 25 | $0.96 | $0.26 | ||
| Q2 25 | $0.93 | $0.26 | ||
| Q1 25 | $0.85 | $0.10 | ||
| Q4 24 | $0.77 | $-0.55 | ||
| Q3 24 | $1.03 | $-0.01 | ||
| Q2 24 | $0.85 | $0.06 |
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 | $767.6M |
| 总债务越低越好 | — | $542.2M |
| 股东权益账面价值 | $205.2M | $2.1B |
| 总资产 | $740.5M | $2.9B |
| 负债/权益比越低杠杆越低 | — | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资MANHRGEN
| Q1 26 | $226.1M | — | ||
| Q4 25 | $328.7M | $767.6M | ||
| Q3 25 | $263.6M | $748.7M | ||
| Q2 25 | $230.6M | $708.9M | ||
| Q1 25 | $205.9M | $697.2M | ||
| Q4 24 | $266.2M | $757.4M | ||
| Q3 24 | $215.0M | $784.0M | ||
| Q2 24 | $202.7M | $809.1M |
总债务MANHRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | $542.2M | ||
| Q3 25 | — | $537.9M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $525.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MANHRGEN
| Q1 26 | $205.2M | — | ||
| Q4 25 | $314.8M | $2.1B | ||
| Q3 25 | $309.2M | $2.1B | ||
| Q2 25 | $278.8M | $2.1B | ||
| Q1 25 | $245.1M | $2.0B | ||
| Q4 24 | $299.1M | $2.0B | ||
| Q3 24 | $278.0M | $2.0B | ||
| Q2 24 | $240.6M | $2.0B |
总资产MANHRGEN
| Q1 26 | $740.5M | — | ||
| Q4 25 | $839.4M | $2.9B | ||
| Q3 25 | $768.8M | $2.9B | ||
| Q2 25 | $744.7M | $2.9B | ||
| Q1 25 | $708.2M | $2.9B | ||
| Q4 24 | $757.6M | $2.8B | ||
| Q3 24 | $698.1M | $2.8B | ||
| Q2 24 | $665.3M | $2.9B |
负债/权益比MANHRGEN
| Q1 26 | — | — | ||
| Q4 25 | — | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| 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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | — | $17.6M |
| 自由现金流率自由现金流/营收 | — | 8.9% |
| 资本支出强度资本支出/营收 | 0.3% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.70× | 1.93× |
| 过去12个月自由现金流最近4个季度 | — | $93.9M |
8季度趋势，按日历期对齐
经营现金流MANHRGEN
| Q1 26 | $84.0M | — | ||
| Q4 25 | $147.1M | $25.7M | ||
| Q3 25 | $93.1M | $48.1M | ||
| Q2 25 | $74.0M | $28.6M | ||
| Q1 25 | $75.3M | $15.0M | ||
| Q4 24 | $104.7M | $39.2M | ||
| Q3 24 | $62.3M | $49.3M | ||
| Q2 24 | $73.3M | $42.2M |
自由现金流MANHRGEN
| Q1 26 | — | — | ||
| Q4 25 | $142.4M | $17.6M | ||
| Q3 25 | $87.2M | $43.4M | ||
| Q2 25 | $70.1M | $21.5M | ||
| Q1 25 | $74.4M | $11.4M | ||
| Q4 24 | $101.6M | $33.6M | ||
| Q3 24 | $61.3M | $42.3M | ||
| Q2 24 | $71.0M | $37.4M |
自由现金流率MANHRGEN
| Q1 26 | — | — | ||
| Q4 25 | 52.7% | 8.9% | ||
| Q3 25 | 31.6% | 23.0% | ||
| Q2 25 | 25.7% | 11.8% | ||
| Q1 25 | 28.3% | 6.8% | ||
| Q4 24 | 39.7% | 19.3% | ||
| Q3 24 | 23.0% | 27.3% | ||
| Q2 24 | 26.8% | 24.3% |
资本支出强度MANHRGEN
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.7% | 4.1% | ||
| Q3 25 | 2.1% | 2.5% | ||
| Q2 25 | 1.5% | 3.9% | ||
| Q1 25 | 0.3% | 2.1% | ||
| Q4 24 | 1.2% | 3.2% | ||
| Q3 24 | 0.4% | 4.5% | ||
| Q2 24 | 0.8% | 3.1% |
现金转化率MANHRGEN
| Q1 26 | 1.70× | — | ||
| Q4 25 | 2.83× | 1.93× | ||
| Q3 25 | 1.59× | 3.23× | ||
| Q2 25 | 1.30× | 1.92× | ||
| Q1 25 | 1.43× | 2.57× | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 1.39× | 12.70× |
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% |
RGEN
暂无分部数据
