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冠群电脑（MANH）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.9倍（$282.2M vs $151.1M），冠群电脑同比增速更快（6.0% vs 3.6%），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% 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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
MANH vs RGR — 直观对比
营收规模更大
MANH
是对方的1.9倍
$151.1M
营收增速更快
MANH
高出2.4%
3.6%
两年增速更快
RGR
近两年复合增速
3.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.2M | $151.1M |
| 净利润 | $49.3M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | 23.0% | 2.3% |
| 净利率 | 17.5% | — |
| 营收同比 | 6.0% | 3.6% |
| 净利润同比 | -6.3% | — |
| 每股收益（稀释后） | $0.82 | $0.22 |
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MANHRGR
| Q1 26 | $282.2M | — | ||
| Q4 25 | $270.4M | $151.1M | ||
| Q3 25 | $275.8M | $126.8M | ||
| Q2 25 | $272.4M | $132.5M | ||
| Q1 25 | $262.8M | $135.7M | ||
| Q4 24 | $255.8M | $145.8M | ||
| Q3 24 | $266.7M | $122.3M | ||
| Q2 24 | $265.3M | $130.8M |
净利润MANHRGR
| Q1 26 | $49.3M | — | ||
| Q4 25 | $52.0M | — | ||
| Q3 25 | $58.6M | $1.6M | ||
| Q2 25 | $56.8M | $-17.2M | ||
| Q1 25 | $52.6M | $7.8M | ||
| Q4 24 | $48.0M | — | ||
| Q3 24 | $63.8M | $4.7M | ||
| Q2 24 | $52.8M | $8.3M |
毛利率MANHRGR
| Q1 26 | — | — | ||
| Q4 25 | 55.0% | 17.8% | ||
| Q3 25 | 56.6% | 15.1% | ||
| Q2 25 | 57.3% | 3.9% | ||
| Q1 25 | 56.4% | 22.0% | ||
| Q4 24 | 55.8% | 22.8% | ||
| Q3 24 | 55.5% | 18.5% | ||
| Q2 24 | 54.8% | 22.3% |
营业利润率MANHRGR
| Q1 26 | 23.0% | — | ||
| Q4 25 | 24.8% | 2.3% | ||
| Q3 25 | 27.5% | -2.7% | ||
| Q2 25 | 27.1% | -15.6% | ||
| Q1 25 | 24.0% | 6.2% | ||
| Q4 24 | 23.7% | 7.8% | ||
| Q3 24 | 28.2% | 3.1% | ||
| Q2 24 | 25.7% | 6.9% |
净利率MANHRGR
| Q1 26 | 17.5% | — | ||
| Q4 25 | 19.2% | — | ||
| Q3 25 | 21.3% | 1.2% | ||
| Q2 25 | 20.8% | -13.0% | ||
| Q1 25 | 20.0% | 5.7% | ||
| Q4 24 | 18.8% | — | ||
| Q3 24 | 23.9% | 3.9% | ||
| Q2 24 | 19.9% | 6.3% |
每股收益（稀释后）MANHRGR
| Q1 26 | $0.82 | — | ||
| Q4 25 | $0.86 | $0.22 | ||
| Q3 25 | $0.96 | $0.10 | ||
| Q2 25 | $0.93 | $-1.05 | ||
| Q1 25 | $0.85 | $0.46 | ||
| Q4 24 | $0.77 | $0.62 | ||
| Q3 24 | $1.03 | $0.28 | ||
| Q2 24 | $0.85 | $0.47 |
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 | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $205.2M | $283.8M |
| 总资产 | $740.5M | $342.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MANHRGR
| Q1 26 | $226.1M | — | ||
| Q4 25 | $328.7M | $92.5M | ||
| Q3 25 | $263.6M | $80.8M | ||
| Q2 25 | $230.6M | $101.4M | ||
| Q1 25 | $205.9M | $108.3M | ||
| Q4 24 | $266.2M | $105.5M | ||
| Q3 24 | $215.0M | $96.0M | ||
| Q2 24 | $202.7M | $105.6M |
股东权益MANHRGR
| Q1 26 | $205.2M | — | ||
| Q4 25 | $314.8M | $283.8M | ||
| Q3 25 | $309.2M | $279.6M | ||
| Q2 25 | $278.8M | $289.3M | ||
| Q1 25 | $245.1M | $321.5M | ||
| Q4 24 | $299.1M | $319.6M | ||
| Q3 24 | $278.0M | $314.9M | ||
| Q2 24 | $240.6M | $321.5M |
总资产MANHRGR
| Q1 26 | $740.5M | — | ||
| Q4 25 | $839.4M | $342.0M | ||
| Q3 25 | $768.8M | $342.3M | ||
| Q2 25 | $744.7M | $349.5M | ||
| Q1 25 | $708.2M | $379.0M | ||
| Q4 24 | $757.6M | $384.0M | ||
| Q3 24 | $698.1M | $373.5M | ||
| Q2 24 | $665.3M | $376.7M |
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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | — | $12.3M |
| 自由现金流率自由现金流/营收 | — | 8.2% |
| 资本支出强度资本支出/营收 | 0.3% | 2.1% |
| 现金转化率经营现金流/净利润 | 1.70× | — |
| 过去12个月自由现金流最近4个季度 | — | $38.5M |
8季度趋势，按日历期对齐
经营现金流MANHRGR
| Q1 26 | $84.0M | — | ||
| Q4 25 | $147.1M | $15.5M | ||
| Q3 25 | $93.1M | $12.9M | ||
| Q2 25 | $74.0M | $14.7M | ||
| Q1 25 | $75.3M | $11.1M | ||
| Q4 24 | $104.7M | $20.0M | ||
| Q3 24 | $62.3M | $9.4M | ||
| Q2 24 | $73.3M | $18.7M |
自由现金流MANHRGR
| Q1 26 | — | — | ||
| Q4 25 | $142.4M | $12.3M | ||
| Q3 25 | $87.2M | $7.0M | ||
| Q2 25 | $70.1M | $9.1M | ||
| Q1 25 | $74.4M | $10.0M | ||
| Q4 24 | $101.6M | $16.4M | ||
| Q3 24 | $61.3M | $2.6M | ||
| Q2 24 | $71.0M | $10.1M |
自由现金流率MANHRGR
| Q1 26 | — | — | ||
| Q4 25 | 52.7% | 8.2% | ||
| Q3 25 | 31.6% | 5.5% | ||
| Q2 25 | 25.7% | 6.9% | ||
| Q1 25 | 28.3% | 7.4% | ||
| Q4 24 | 39.7% | 11.2% | ||
| Q3 24 | 23.0% | 2.1% | ||
| Q2 24 | 26.8% | 7.7% |
资本支出强度MANHRGR
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.7% | 2.1% | ||
| Q3 25 | 2.1% | 4.6% | ||
| Q2 25 | 1.5% | 4.2% | ||
| Q1 25 | 0.3% | 0.8% | ||
| Q4 24 | 1.2% | 2.5% | ||
| Q3 24 | 0.4% | 5.5% | ||
| Q2 24 | 0.8% | 6.6% |
现金转化率MANHRGR
| Q1 26 | 1.70× | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.59× | 8.15× | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | 1.43× | 1.43× | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 0.98× | 1.98× | ||
| Q2 24 | 1.39× | 2.27× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
