vs
迈心诺（MASI）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的季度营收约是迈心诺的1.2倍（$461.6M vs $371.5M），RBC Bearings INC净利率更高（14.6% vs -27.0%，领先41.6%），RBC Bearings INC同比增速更快（17.0% vs -26.4%），RBC Bearings INC自由现金流更多（$99.1M vs $50.9M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -17.7%）
迈心诺（Masimo Corporation）是总部位于美国加利福尼亚州尔湾的健康科技及消费电子企业，核心产品包括面向医院及家用场景的患者监护设备、无创传感器及配套软件平台，同时也布局了消费级音频和可穿戴设备赛道。
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。
MASI vs RBC — 直观对比
营收规模更大
RBC
是对方的1.2倍
$371.5M
营收增速更快
RBC
高出43.4%
-26.4%
净利率更高
RBC
高出41.6%
-27.0%
自由现金流更多
RBC
多$48.2M
$50.9M
两年增速更快
RBC
近两年复合增速
-17.7%
损益表 — Q3 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $371.5M | $461.6M |
| 净利润 | $-100.4M | $67.4M |
| 毛利率 | 62.1% | 44.3% |
| 营业利润率 | 22.5% | 22.3% |
| 净利率 | -27.0% | 14.6% |
| 营收同比 | -26.4% | 17.0% |
| 净利润同比 | -1124.5% | 16.4% |
| 每股收益（稀释后） | $-1.84 | $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MASIRBC
| Q4 25 | — | $461.6M | ||
| Q3 25 | $371.5M | $455.3M | ||
| Q2 25 | $370.9M | $436.0M | ||
| Q1 25 | $372.0M | $437.7M | ||
| Q4 24 | $600.7M | $394.4M | ||
| Q3 24 | $504.6M | $397.9M | ||
| Q2 24 | $496.3M | $406.3M | ||
| Q1 24 | $492.8M | $413.7M |
净利润MASIRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $-100.4M | $60.0M | ||
| Q2 25 | $51.3M | $68.5M | ||
| Q1 25 | $-170.7M | $72.7M | ||
| Q4 24 | $-349.6M | $57.9M | ||
| Q3 24 | $9.8M | $54.2M | ||
| Q2 24 | $16.0M | $61.4M | ||
| Q1 24 | $18.9M | — |
毛利率MASIRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | 62.1% | 44.1% | ||
| Q2 25 | 62.9% | 44.8% | ||
| Q1 25 | 62.9% | 44.2% | ||
| Q4 24 | 40.7% | 44.3% | ||
| Q3 24 | 52.2% | 43.7% | ||
| Q2 24 | 51.3% | 45.3% | ||
| Q1 24 | 49.0% | 43.1% |
营业利润率MASIRBC
| Q4 25 | — | 22.3% | ||
| Q3 25 | 22.5% | 21.5% | ||
| Q2 25 | 17.4% | 23.2% | ||
| Q1 25 | 21.0% | 23.0% | ||
| Q4 24 | -59.8% | 21.7% | ||
| Q3 24 | 6.0% | 21.6% | ||
| Q2 24 | 5.7% | 24.0% | ||
| Q1 24 | 6.9% | 22.8% |
净利率MASIRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | -27.0% | 13.2% | ||
| Q2 25 | 13.8% | 15.7% | ||
| Q1 25 | -45.9% | 16.6% | ||
| Q4 24 | -58.2% | 14.7% | ||
| Q3 24 | 1.9% | 13.6% | ||
| Q2 24 | 3.2% | 15.1% | ||
| Q1 24 | 3.8% | — |
每股收益（稀释后）MASIRBC
| Q4 25 | — | $2.13 | ||
| Q3 25 | $-1.84 | $1.90 | ||
| Q2 25 | $0.94 | $2.17 | ||
| Q1 25 | $-3.12 | $2.33 | ||
| Q4 24 | $-6.54 | $1.82 | ||
| Q3 24 | $0.18 | $1.65 | ||
| Q2 24 | $0.29 | $1.90 | ||
| Q1 24 | $0.35 | $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 | $312.3M | $107.6M |
| 总债务越低越好 | $559.1M | $990.2M |
| 股东权益账面价值 | $810.0M | $3.3B |
| 总资产 | $1.8B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.69× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MASIRBC
| Q4 25 | — | $107.6M | ||
| Q3 25 | $312.3M | $91.2M | ||
| Q2 25 | $149.6M | $132.9M | ||
| Q1 25 | $130.8M | $36.8M | ||
| Q4 24 | $177.6M | — | ||
| Q3 24 | $158.5M | — | ||
| Q2 24 | $129.6M | $76.8M | ||
| Q1 24 | $157.6M | $63.5M |
总债务MASIRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | $559.1M | $1.1B | ||
| Q2 25 | $613.7M | $915.6M | ||
| Q1 25 | $651.0M | $920.1M | ||
| Q4 24 | $765.2M | — | ||
| Q3 24 | $772.6M | — | ||
| Q2 24 | $781.6M | — | ||
| Q1 24 | $876.0M | $1.2B |
股东权益MASIRBC
| Q4 25 | — | $3.3B | ||
| Q3 25 | $810.0M | $3.2B | ||
| Q2 25 | $1.0B | $3.1B | ||
| Q1 25 | $946.4M | $3.0B | ||
| Q4 24 | $1.1B | $2.9B | ||
| Q3 24 | $1.5B | $2.9B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.4B | $2.8B |
总资产MASIRBC
| Q4 25 | — | $5.1B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $2.4B | $4.8B | ||
| Q1 25 | $2.3B | $4.7B | ||
| Q4 24 | $2.6B | $4.7B | ||
| Q3 24 | $3.1B | $4.7B | ||
| Q2 24 | $2.9B | $4.7B | ||
| Q1 24 | $3.0B | $4.7B |
负债/权益比MASIRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | 0.69× | 0.34× | ||
| Q2 25 | 0.59× | 0.29× | ||
| Q1 25 | 0.69× | 0.30× | ||
| Q4 24 | 0.73× | — | ||
| Q3 24 | 0.53× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.64× | 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 | $56.8M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $50.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 13.7% | 21.5% |
| 资本支出强度资本支出/营收 | 1.6% | 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 | $191.0M | — |
8季度趋势，按日历期对齐
经营现金流MASIRBC
| Q4 25 | — | $122.1M | ||
| Q3 25 | $56.8M | $88.4M | ||
| Q2 25 | $69.4M | $120.0M | ||
| Q1 25 | $31.1M | — | ||
| Q4 24 | $50.5M | $84.0M | ||
| Q3 24 | $25.6M | — | ||
| Q2 24 | $74.5M | $97.4M | ||
| Q1 24 | $45.8M | — |
自由现金流MASIRBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | $50.9M | $71.7M | ||
| Q2 25 | $65.6M | $104.3M | ||
| Q1 25 | $28.5M | — | ||
| Q4 24 | $46.0M | $73.6M | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $66.9M | $88.4M | ||
| Q1 24 | $37.6M | — |
自由现金流率MASIRBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | 13.7% | 15.7% | ||
| Q2 25 | 17.7% | 23.9% | ||
| Q1 25 | 7.7% | — | ||
| Q4 24 | 7.7% | 18.7% | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 13.5% | 21.8% | ||
| Q1 24 | 7.6% | — |
资本支出强度MASIRBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | 1.6% | 3.7% | ||
| Q2 25 | 1.0% | 3.6% | ||
| Q1 25 | 0.7% | 3.2% | ||
| Q4 24 | 0.7% | 2.6% | ||
| Q3 24 | 1.7% | 4.1% | ||
| Q2 24 | 1.5% | 2.2% | ||
| Q1 24 | 1.7% | — |
现金转化率MASIRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 1.35× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 4.66× | 1.59× | ||
| Q1 24 | 2.42× | — |
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
MASI
暂无分部数据
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
