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冠群电脑（MANH）与BRC Group Holdings, Inc.（RILY）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BRC Group Holdings, Inc.的1.5倍（$282.2M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs 17.5%，领先30.5%），冠群电脑同比增速更快（6.0% vs -21.9%），过去两年冠群电脑的营收复合增速更高（3.1% vs -15.4%）
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。
MANH vs RILY — 直观对比
营收规模更大
MANH
是对方的1.5倍
$188.3M
营收增速更快
MANH
高出27.9%
-21.9%
净利率更高
RILY
高出30.5%
17.5%
两年增速更快
MANH
近两年复合增速
-15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $282.2M | $188.3M |
| 净利润 | $49.3M | $90.3M |
| 毛利率 | — | 79.5% |
| 营业利润率 | 23.0% | 32.3% |
| 净利率 | 17.5% | 47.9% |
| 营收同比 | 6.0% | -21.9% |
| 净利润同比 | -6.3% | 1710.8% |
| 每股收益（稀释后） | $0.82 | $2.78 |
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MANHRILY
| Q1 26 | $282.2M | — | ||
| Q4 25 | $270.4M | $188.3M | ||
| Q3 25 | $275.8M | $215.3M | ||
| Q2 25 | $272.4M | $188.2M | ||
| Q1 25 | $262.8M | $197.2M | ||
| Q4 24 | $255.8M | $241.0M | ||
| Q3 24 | $266.7M | $225.5M | ||
| Q2 24 | $265.3M | $256.0M |
净利润MANHRILY
| Q1 26 | $49.3M | — | ||
| Q4 25 | $52.0M | $90.3M | ||
| Q3 25 | $58.6M | $91.1M | ||
| Q2 25 | $56.8M | $139.5M | ||
| Q1 25 | $52.6M | $-10.0M | ||
| Q4 24 | $48.0M | $-5.6M | ||
| Q3 24 | $63.8M | $-284.4M | ||
| Q2 24 | $52.8M | $-433.6M |
毛利率MANHRILY
| Q1 26 | — | — | ||
| Q4 25 | 55.0% | 79.5% | ||
| Q3 25 | 56.6% | 83.7% | ||
| Q2 25 | 57.3% | 81.3% | ||
| Q1 25 | 56.4% | 81.4% | ||
| Q4 24 | 55.8% | 79.8% | ||
| Q3 24 | 55.5% | 82.1% | ||
| Q2 24 | 54.8% | 84.5% |
营业利润率MANHRILY
| Q1 26 | 23.0% | — | ||
| Q4 25 | 24.8% | 32.3% | ||
| Q3 25 | 27.5% | 30.4% | ||
| Q2 25 | 27.1% | 5.7% | ||
| Q1 25 | 24.0% | -31.2% | ||
| Q4 24 | 23.7% | -69.2% | ||
| Q3 24 | 28.2% | -36.4% | ||
| Q2 24 | 25.7% | -90.8% |
净利率MANHRILY
| Q1 26 | 17.5% | — | ||
| Q4 25 | 19.2% | 47.9% | ||
| Q3 25 | 21.3% | 42.3% | ||
| Q2 25 | 20.8% | 74.1% | ||
| Q1 25 | 20.0% | -5.1% | ||
| Q4 24 | 18.8% | -2.3% | ||
| Q3 24 | 23.9% | -126.1% | ||
| Q2 24 | 19.9% | -169.4% |
每股收益（稀释后）MANHRILY
| Q1 26 | $0.82 | — | ||
| Q4 25 | $0.86 | $2.78 | ||
| Q3 25 | $0.96 | $2.91 | ||
| Q2 25 | $0.93 | $4.50 | ||
| Q1 25 | $0.85 | $-0.39 | ||
| Q4 24 | $0.77 | $-0.01 | ||
| Q3 24 | $1.03 | $-9.39 | ||
| Q2 24 | $0.85 | $-14.35 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $205.2M | $-171.5M |
| 总资产 | $740.5M | $1.7B |
| 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MANHRILY
| Q1 26 | $226.1M | — | ||
| Q4 25 | $328.7M | $226.6M | ||
| Q3 25 | $263.6M | $184.2M | ||
| Q2 25 | $230.6M | $267.4M | ||
| Q1 25 | $205.9M | $138.3M | ||
| Q4 24 | $266.2M | $146.9M | ||
| Q3 24 | $215.0M | $159.2M | ||
| Q2 24 | $202.7M | $236.9M |
总债务MANHRILY
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MANHRILY
| Q1 26 | $205.2M | — | ||
| Q4 25 | $314.8M | $-171.5M | ||
| Q3 25 | $309.2M | $-260.5M | ||
| Q2 25 | $278.8M | $-351.7M | ||
| Q1 25 | $245.1M | $-496.8M | ||
| Q4 24 | $299.1M | $-488.2M | ||
| Q3 24 | $278.0M | $-497.6M | ||
| Q2 24 | $240.6M | $-218.3M |
总资产MANHRILY
| Q1 26 | $740.5M | — | ||
| Q4 25 | $839.4M | $1.7B | ||
| Q3 25 | $768.8M | $1.7B | ||
| Q2 25 | $744.7M | $1.5B | ||
| Q1 25 | $708.2M | $1.5B | ||
| Q4 24 | $757.6M | $1.8B | ||
| Q3 24 | $698.1M | $2.2B | ||
| Q2 24 | $665.3M | $3.2B |
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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | 0.3% | — |
| 现金转化率经营现金流/净利润 | 1.70× | 0.29× |
| 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MANHRILY
| Q1 26 | $84.0M | — | ||
| Q4 25 | $147.1M | $26.2M | ||
| Q3 25 | $93.1M | $-60.6M | ||
| Q2 25 | $74.0M | $-25.6M | ||
| Q1 25 | $75.3M | $184.0K | ||
| Q4 24 | $104.7M | $-2.7M | ||
| Q3 24 | $62.3M | $19.5M | ||
| Q2 24 | $73.3M | $111.5M |
自由现金流MANHRILY
| Q1 26 | — | — | ||
| Q4 25 | $142.4M | — | ||
| Q3 25 | $87.2M | — | ||
| Q2 25 | $70.1M | — | ||
| Q1 25 | $74.4M | — | ||
| Q4 24 | $101.6M | — | ||
| Q3 24 | $61.3M | — | ||
| Q2 24 | $71.0M | — |
自由现金流率MANHRILY
| Q1 26 | — | — | ||
| Q4 25 | 52.7% | — | ||
| Q3 25 | 31.6% | — | ||
| Q2 25 | 25.7% | — | ||
| Q1 25 | 28.3% | — | ||
| Q4 24 | 39.7% | — | ||
| Q3 24 | 23.0% | — | ||
| Q2 24 | 26.8% | — |
资本支出强度MANHRILY
| Q1 26 | 0.3% | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 0.4% | — | ||
| Q2 24 | 0.8% | — |
现金转化率MANHRILY
| Q1 26 | 1.70× | — | ||
| Q4 25 | 2.83× | 0.29× | ||
| Q3 25 | 1.59× | -0.66× | ||
| Q2 25 | 1.30× | -0.18× | ||
| Q1 25 | 1.43× | — | ||
| Q4 24 | 2.18× | — | ||
| Q3 24 | 0.98× | — | ||
| Q2 24 | 1.39× | — |
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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
