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玛斯特锁（MBC）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是玛斯特锁的1.3倍（$828.2M vs $644.6M），Rithm Capital Corp.净利率更高（13.2% vs -6.5%，领先19.7%），玛斯特锁同比增速更快（-3.5% vs -40.0%），过去两年玛斯特锁的营收复合增速更高（0.5% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
MBC vs RITM — 直观对比
营收规模更大
RITM
是对方的1.3倍
$644.6M
营收增速更快
MBC
高出36.5%
-40.0%
净利率更高
RITM
高出19.7%
-6.5%
两年增速更快
MBC
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $828.2M |
| 净利润 | $-42.0M | $109.5M |
| 毛利率 | 26.0% | — |
| 营业利润率 | -4.2% | — |
| 净利率 | -6.5% | 13.2% |
| 营收同比 | -3.5% | -40.0% |
| 净利润同比 | -400.0% | 20.9% |
| 每股收益（稀释后） | $-0.32 | $0.12 |
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MBCRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $644.6M | $1.5B | ||
| Q3 25 | $698.9M | $1.1B | ||
| Q2 25 | $730.9M | $1.2B | ||
| Q1 25 | $660.3M | $768.4M | ||
| Q4 24 | $667.7M | $2.1B | ||
| Q3 24 | $718.1M | $619.5M | ||
| Q2 24 | $676.5M | $1.2B |
净利润MBCRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $-42.0M | $85.0M | ||
| Q3 25 | $18.1M | $221.5M | ||
| Q2 25 | $37.3M | $311.7M | ||
| Q1 25 | $13.3M | $78.8M | ||
| Q4 24 | $14.0M | $290.2M | ||
| Q3 24 | $29.1M | $121.7M | ||
| Q2 24 | $45.3M | $235.6M |
毛利率MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | 26.0% | — | ||
| Q3 25 | 31.2% | — | ||
| Q2 25 | 32.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 30.4% | — | ||
| Q3 24 | 33.1% | — | ||
| Q2 24 | 34.1% | — |
营业利润率MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | -4.2% | 13.8% | ||
| Q3 25 | 6.0% | 21.4% | ||
| Q2 25 | 9.2% | 25.2% | ||
| Q1 25 | 5.6% | 7.4% | ||
| Q4 24 | 5.6% | 23.8% | ||
| Q3 24 | 8.0% | 7.3% | ||
| Q2 24 | 11.5% | 23.6% |
净利率MBCRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | -6.5% | 5.7% | ||
| Q3 25 | 2.6% | 20.0% | ||
| Q2 25 | 5.1% | 25.6% | ||
| Q1 25 | 2.0% | 10.3% | ||
| Q4 24 | 2.1% | 14.0% | ||
| Q3 24 | 4.1% | 19.7% | ||
| Q2 24 | 6.7% | 19.2% |
每股收益（稀释后）MBCRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $-0.32 | $0.09 | ||
| Q3 25 | $0.14 | $0.35 | ||
| Q2 25 | $0.29 | $0.53 | ||
| Q1 25 | $0.10 | $0.07 | ||
| Q4 24 | $0.10 | $0.50 | ||
| Q3 24 | $0.22 | $0.20 | ||
| Q2 24 | $0.35 | $0.43 |
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 | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.3B | $9.1B |
| 总资产 | $3.1B | $53.4B |
| 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MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | $183.3M | $1.8B | ||
| Q3 25 | $114.8M | $1.6B | ||
| Q2 25 | $120.1M | $1.6B | ||
| Q1 25 | $113.5M | $1.5B | ||
| Q4 24 | $120.6M | $1.5B | ||
| Q3 24 | $108.4M | $1.6B | ||
| Q2 24 | $189.4M | $1.2B |
总债务MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | — | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | $1.0B | $32.6B | ||
| Q3 24 | $1.1B | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益MBCRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.3B | $8.4B | ||
| Q3 25 | $1.4B | $8.5B | ||
| Q2 25 | $1.4B | $7.9B | ||
| Q1 25 | $1.3B | $7.8B | ||
| Q4 24 | $1.3B | $7.8B | ||
| Q3 24 | $1.3B | $7.7B | ||
| Q2 24 | $1.3B | $7.3B |
总资产MBCRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $3.1B | $53.1B | ||
| Q3 25 | $3.0B | $47.2B | ||
| Q2 25 | $3.0B | $44.3B | ||
| Q1 25 | $3.0B | $45.3B | ||
| Q4 24 | $2.9B | $46.0B | ||
| Q3 24 | $3.0B | $42.3B | ||
| Q2 24 | $2.4B | $42.0B |
负债/权益比MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | 0.79× | 4.18× | ||
| Q3 24 | 0.83× | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $52.5M | — |
| 自由现金流率自由现金流/营收 | 8.1% | — |
| 资本支出强度资本支出/营收 | 5.3% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | $86.9M | $-114.6M | ||
| Q3 25 | $55.4M | $-2.0B | ||
| Q2 25 | $84.8M | $-557.1M | ||
| Q1 25 | $-31.4M | $1.4B | ||
| Q4 24 | $115.1M | $-1.8B | ||
| Q3 24 | $80.8M | $768.1M | ||
| Q2 24 | $77.4M | $-55.7M |
自由现金流MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | $52.5M | — | ||
| Q3 25 | $39.5M | — | ||
| Q2 25 | $66.7M | — | ||
| Q1 25 | $-41.2M | — | ||
| Q4 24 | $68.8M | — | ||
| Q3 24 | $64.5M | — | ||
| Q2 24 | $66.1M | — |
自由现金流率MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | — | ||
| Q3 25 | 5.7% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | -6.2% | — | ||
| Q4 24 | 10.3% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 9.8% | — |
资本支出强度MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | 5.3% | — | ||
| Q3 25 | 2.3% | — | ||
| Q2 25 | 2.5% | — | ||
| Q1 25 | 1.5% | — | ||
| Q4 24 | 6.9% | — | ||
| Q3 24 | 2.3% | — | ||
| Q2 24 | 1.7% | — |
现金转化率MBCRITM
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | 3.06× | -9.22× | ||
| Q2 25 | 2.27× | -1.79× | ||
| Q1 25 | -2.36× | 18.03× | ||
| Q4 24 | 8.22× | -6.04× | ||
| Q3 24 | 2.78× | 6.31× | ||
| Q2 24 | 1.71× | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
