vs
玛斯特锁（MBC）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
玛斯特锁的季度营收约是RBC Bearings INC的1.4倍（$644.6M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs -6.5%，领先21.1%），RBC Bearings INC同比增速更快（17.0% vs -3.5%），RBC Bearings INC自由现金流更多（$99.1M vs $52.5M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 0.5%）
玛斯特锁是美国知名安防产品供应商，1921年由锁匠发明家哈里·索雷夫创立，总部位于威斯康星州奥克里克，主营挂锁、密码锁、保险箱及相关安防产品，现为富俊创新集团旗下子公司，在全球安防锁具领域拥有较高的市场认可度。
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。
MBC vs RBC — 直观对比
营收规模更大
MBC
是对方的1.4倍
$461.6M
营收增速更快
RBC
高出20.5%
-3.5%
净利率更高
RBC
高出21.1%
-6.5%
自由现金流更多
RBC
多$46.6M
$52.5M
两年增速更快
RBC
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $461.6M |
| 净利润 | $-42.0M | $67.4M |
| 毛利率 | 26.0% | 44.3% |
| 营业利润率 | -4.2% | 22.3% |
| 净利率 | -6.5% | 14.6% |
| 营收同比 | -3.5% | 17.0% |
| 净利润同比 | -400.0% | 16.4% |
| 每股收益（稀释后） | $-0.32 | $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MBCRBC
| Q4 25 | $644.6M | $461.6M | ||
| Q3 25 | $698.9M | $455.3M | ||
| Q2 25 | $730.9M | $436.0M | ||
| Q1 25 | $660.3M | $437.7M | ||
| Q4 24 | $667.7M | $394.4M | ||
| Q3 24 | $718.1M | $397.9M | ||
| Q2 24 | $676.5M | $406.3M | ||
| Q1 24 | $638.1M | $413.7M |
净利润MBCRBC
| Q4 25 | $-42.0M | $67.4M | ||
| Q3 25 | $18.1M | $60.0M | ||
| Q2 25 | $37.3M | $68.5M | ||
| Q1 25 | $13.3M | $72.7M | ||
| Q4 24 | $14.0M | $57.9M | ||
| Q3 24 | $29.1M | $54.2M | ||
| Q2 24 | $45.3M | $61.4M | ||
| Q1 24 | $37.5M | — |
毛利率MBCRBC
| Q4 25 | 26.0% | 44.3% | ||
| Q3 25 | 31.2% | 44.1% | ||
| Q2 25 | 32.8% | 44.8% | ||
| Q1 25 | 30.6% | 44.2% | ||
| Q4 24 | 30.4% | 44.3% | ||
| Q3 24 | 33.1% | 43.7% | ||
| Q2 24 | 34.1% | 45.3% | ||
| Q1 24 | 32.1% | 43.1% |
营业利润率MBCRBC
| Q4 25 | -4.2% | 22.3% | ||
| Q3 25 | 6.0% | 21.5% | ||
| Q2 25 | 9.2% | 23.2% | ||
| Q1 25 | 5.6% | 23.0% | ||
| Q4 24 | 5.6% | 21.7% | ||
| Q3 24 | 8.0% | 21.6% | ||
| Q2 24 | 11.5% | 24.0% | ||
| Q1 24 | 9.8% | 22.8% |
净利率MBCRBC
| Q4 25 | -6.5% | 14.6% | ||
| Q3 25 | 2.6% | 13.2% | ||
| Q2 25 | 5.1% | 15.7% | ||
| Q1 25 | 2.0% | 16.6% | ||
| Q4 24 | 2.1% | 14.7% | ||
| Q3 24 | 4.1% | 13.6% | ||
| Q2 24 | 6.7% | 15.1% | ||
| Q1 24 | 5.9% | — |
每股收益（稀释后）MBCRBC
| Q4 25 | $-0.32 | $2.13 | ||
| Q3 25 | $0.14 | $1.90 | ||
| Q2 25 | $0.29 | $2.17 | ||
| Q1 25 | $0.10 | $2.33 | ||
| Q4 24 | $0.10 | $1.82 | ||
| Q3 24 | $0.22 | $1.65 | ||
| Q2 24 | $0.35 | $1.90 | ||
| Q1 24 | $0.29 | $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 | $183.3M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.3B | $3.3B |
| 总资产 | $3.1B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MBCRBC
| Q4 25 | $183.3M | $107.6M | ||
| Q3 25 | $114.8M | $91.2M | ||
| Q2 25 | $120.1M | $132.9M | ||
| Q1 25 | $113.5M | $36.8M | ||
| Q4 24 | $120.6M | — | ||
| Q3 24 | $108.4M | — | ||
| Q2 24 | $189.4M | $76.8M | ||
| Q1 24 | $153.7M | $63.5M |
总债务MBCRBC
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益MBCRBC
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.4B | $3.1B | ||
| Q1 25 | $1.3B | $3.0B | ||
| Q4 24 | $1.3B | $2.9B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.2B | $2.8B |
总资产MBCRBC
| Q4 25 | $3.1B | $5.1B | ||
| Q3 25 | $3.0B | $5.1B | ||
| Q2 25 | $3.0B | $4.8B | ||
| Q1 25 | $3.0B | $4.7B | ||
| Q4 24 | $2.9B | $4.7B | ||
| Q3 24 | $3.0B | $4.7B | ||
| Q2 24 | $2.4B | $4.7B | ||
| Q1 24 | $2.4B | $4.7B |
负债/权益比MBCRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 0.79× | — | ||
| Q3 24 | 0.83× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | $86.9M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $52.5M | $99.1M |
| 自由现金流率自由现金流/营收 | 8.1% | 21.5% |
| 资本支出强度资本支出/营收 | 5.3% | 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 | $117.5M | — |
8季度趋势，按日历期对齐
经营现金流MBCRBC
| Q4 25 | $86.9M | $122.1M | ||
| Q3 25 | $55.4M | $88.4M | ||
| Q2 25 | $84.8M | $120.0M | ||
| Q1 25 | $-31.4M | — | ||
| Q4 24 | $115.1M | $84.0M | ||
| Q3 24 | $80.8M | — | ||
| Q2 24 | $77.4M | $97.4M | ||
| Q1 24 | $18.7M | — |
自由现金流MBCRBC
| Q4 25 | $52.5M | $99.1M | ||
| Q3 25 | $39.5M | $71.7M | ||
| Q2 25 | $66.7M | $104.3M | ||
| Q1 25 | $-41.2M | — | ||
| Q4 24 | $68.8M | $73.6M | ||
| Q3 24 | $64.5M | — | ||
| Q2 24 | $66.1M | $88.4M | ||
| Q1 24 | $11.7M | — |
自由现金流率MBCRBC
| Q4 25 | 8.1% | 21.5% | ||
| Q3 25 | 5.7% | 15.7% | ||
| Q2 25 | 9.1% | 23.9% | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | 10.3% | 18.7% | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 9.8% | 21.8% | ||
| Q1 24 | 1.8% | — |
资本支出强度MBCRBC
| Q4 25 | 5.3% | 5.0% | ||
| Q3 25 | 2.3% | 3.7% | ||
| Q2 25 | 2.5% | 3.6% | ||
| Q1 25 | 1.5% | 3.2% | ||
| Q4 24 | 6.9% | 2.6% | ||
| Q3 24 | 2.3% | 4.1% | ||
| Q2 24 | 1.7% | 2.2% | ||
| Q1 24 | 1.1% | — |
现金转化率MBCRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | 3.06× | 1.47× | ||
| Q2 25 | 2.27× | 1.75× | ||
| Q1 25 | -2.36× | — | ||
| Q4 24 | 8.22× | 1.45× | ||
| Q3 24 | 2.78× | — | ||
| Q2 24 | 1.71× | 1.59× | ||
| Q1 24 | 0.50× | — |
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
MBC
| Dealers | $345.7M | 54% |
| Retail | $220.0M | 34% |
| Builders | $78.9M | 12% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
