vs
奥飞娱乐（MAX）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
奥飞娱乐的季度营收约是REPLIGEN CORP的1.6倍（$310.0M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs 4.5%，领先2.2%），奥飞娱乐同比增速更快（17.3% vs 13.6%），过去两年奥飞娱乐的营收复合增速更高（31.9% vs 14.4%）
奥飞娱乐股份有限公司由蔡东青于1993年创立，是一家中国跨国综合企业集团，主营动漫、玩具、传媒资产与娱乐业务，2016年由原奥飞动漫更名而来。集团拥有国漫平台有妖气，还在美国设有影视公司奥飞影业，并宣布将在美国设立动漫业务部门。
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。
MAX vs RGEN — 直观对比
营收规模更大
MAX
是对方的1.6倍
$197.9M
营收增速更快
MAX
高出3.6%
13.6%
净利率更高
RGEN
高出2.2%
4.5%
两年增速更快
MAX
近两年复合增速
14.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $310.0M | $197.9M |
| 净利润 | $14.0M | $13.3M |
| 毛利率 | 15.1% | 52.5% |
| 营业利润率 | 7.2% | 9.0% |
| 净利率 | 4.5% | 6.7% |
| 营收同比 | 17.3% | 13.6% |
| 净利润同比 | 701.8% | 143.9% |
| 每股收益（稀释后） | — | $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MAXRGEN
| Q1 26 | $310.0M | — | ||
| Q4 25 | $291.2M | $197.9M | ||
| Q3 25 | $306.5M | $188.8M | ||
| Q2 25 | $251.6M | $182.4M | ||
| Q1 25 | $264.3M | $169.2M | ||
| Q4 24 | $300.6M | $174.1M | ||
| Q3 24 | $259.1M | $154.9M | ||
| Q2 24 | $178.3M | $154.1M |
净利润MAXRGEN
| Q1 26 | $14.0M | — | ||
| Q4 25 | $31.4M | $13.3M | ||
| Q3 25 | $14.9M | $14.9M | ||
| Q2 25 | $-18.7M | $14.9M | ||
| Q1 25 | $-1.9M | $5.8M | ||
| Q4 24 | $4.6M | $-30.3M | ||
| Q3 24 | $9.5M | $-654.0K | ||
| Q2 24 | $3.6M | $3.3M |
毛利率MAXRGEN
| Q1 26 | 15.1% | — | ||
| Q4 25 | 15.4% | 52.5% | ||
| Q3 25 | 14.2% | 53.2% | ||
| Q2 25 | 15.0% | 50.0% | ||
| Q1 25 | 15.8% | 53.6% | ||
| Q4 24 | 16.3% | 26.1% | ||
| Q3 24 | 15.1% | 50.0% | ||
| Q2 24 | 17.8% | 49.8% |
营业利润率MAXRGEN
| Q1 26 | 7.2% | — | ||
| Q4 25 | 7.7% | 9.0% | ||
| Q3 25 | 6.4% | 8.9% | ||
| Q2 25 | -8.0% | 7.6% | ||
| Q1 25 | 0.0% | 3.9% | ||
| Q4 24 | 6.1% | -17.7% | ||
| Q3 24 | 6.0% | -5.1% | ||
| Q2 24 | 3.6% | 1.0% |
净利率MAXRGEN
| Q1 26 | 4.5% | — | ||
| Q4 25 | 10.8% | 6.7% | ||
| Q3 25 | 4.9% | 7.9% | ||
| Q2 25 | -7.4% | 8.2% | ||
| Q1 25 | -0.7% | 3.4% | ||
| Q4 24 | 1.5% | -17.4% | ||
| Q3 24 | 3.7% | -0.4% | ||
| Q2 24 | 2.0% | 2.2% |
每股收益（稀释后）MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | $0.50 | $0.24 | ||
| Q3 25 | $0.26 | $0.26 | ||
| Q2 25 | $-0.33 | $0.26 | ||
| Q1 25 | $-0.04 | $0.10 | ||
| Q4 24 | $0.09 | $-0.55 | ||
| Q3 24 | $0.17 | $-0.01 | ||
| Q2 24 | $0.07 | $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 | $26.1M | $767.6M |
| 总债务越低越好 | $163.5M | $542.2M |
| 股东权益账面价值 | — | $2.1B |
| 总资产 | $367.7M | $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MAXRGEN
| Q1 26 | $26.1M | — | ||
| Q4 25 | $46.9M | $767.6M | ||
| Q3 25 | $38.8M | $748.7M | ||
| Q2 25 | $85.4M | $708.9M | ||
| Q1 25 | $63.6M | $697.2M | ||
| Q4 24 | $43.3M | $757.4M | ||
| Q3 24 | $32.3M | $784.0M | ||
| Q2 24 | $28.7M | $809.1M |
总债务MAXRGEN
| Q1 26 | $163.5M | — | ||
| Q4 25 | $153.4M | $542.2M | ||
| Q3 25 | $155.7M | $537.9M | ||
| Q2 25 | $158.0M | — | ||
| Q1 25 | $160.2M | — | ||
| Q4 24 | $162.4M | $525.6M | ||
| Q3 24 | $164.7M | — | ||
| Q2 24 | $166.9M | — |
股东权益MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | $4.2M | $2.1B | ||
| Q3 25 | $-29.8M | $2.1B | ||
| Q2 25 | $-3.8M | $2.1B | ||
| Q1 25 | $7.9M | $2.0B | ||
| Q4 24 | $2.4M | $2.0B | ||
| Q3 24 | $-8.4M | $2.0B | ||
| Q2 24 | $-24.4M | $2.0B |
总资产MAXRGEN
| Q1 26 | $367.7M | — | ||
| Q4 25 | $383.8M | $2.9B | ||
| Q3 25 | $266.2M | $2.9B | ||
| Q2 25 | $249.4M | $2.9B | ||
| Q1 25 | $240.0M | $2.9B | ||
| Q4 24 | $262.4M | $2.8B | ||
| Q3 24 | $236.1M | $2.8B | ||
| Q2 24 | $198.2M | $2.9B |
负债/权益比MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | 36.88× | 0.26× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | — | ||
| Q1 25 | 20.23× | — | ||
| Q4 24 | 68.31× | 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 | — | $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 | — | 4.1% |
| 现金转化率经营现金流/净利润 | — | 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MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | $-7.4M | $25.7M | ||
| Q3 25 | $23.6M | $48.1M | ||
| Q2 25 | $25.7M | $28.6M | ||
| Q1 25 | $23.7M | $15.0M | ||
| Q4 24 | $14.5M | $39.2M | ||
| Q3 24 | $8.1M | $49.3M | ||
| Q2 24 | $21.6M | $42.2M |
自由现金流MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | $-7.5M | $17.6M | ||
| Q3 25 | $23.6M | $43.4M | ||
| Q2 25 | $25.5M | $21.5M | ||
| Q1 25 | $23.6M | $11.4M | ||
| Q4 24 | $14.5M | $33.6M | ||
| Q3 24 | $8.0M | $42.3M | ||
| Q2 24 | $21.5M | $37.4M |
自由现金流率MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | -2.6% | 8.9% | ||
| Q3 25 | 7.7% | 23.0% | ||
| Q2 25 | 10.2% | 11.8% | ||
| Q1 25 | 8.9% | 6.8% | ||
| Q4 24 | 4.8% | 19.3% | ||
| Q3 24 | 3.1% | 27.3% | ||
| Q2 24 | 12.0% | 24.3% |
资本支出强度MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | 0.0% | 4.1% | ||
| Q3 25 | 0.0% | 2.5% | ||
| Q2 25 | 0.1% | 3.9% | ||
| Q1 25 | 0.0% | 2.1% | ||
| Q4 24 | 0.0% | 3.2% | ||
| Q3 24 | 0.0% | 4.5% | ||
| Q2 24 | 0.1% | 3.1% |
现金转化率MAXRGEN
| Q1 26 | — | — | ||
| Q4 25 | -0.24× | 1.93× | ||
| Q3 25 | 1.58× | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | 3.13× | — | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | 5.97× | 12.70× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
