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玛斯特锁（MBC）与Royalty Pharma plc（RPRX）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Royalty Pharma plc的1.0倍（$644.6M vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs -6.5%，领先41.0%），Royalty Pharma plc同比增速更快（4.8% vs -3.5%），过去两年Royalty Pharma plc的营收复合增速更高（4.6% 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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
MBC vs RPRX — 直观对比
营收规模更大
MBC
是对方的1.0倍
$622.0M
营收增速更快
RPRX
高出8.2%
-3.5%
净利率更高
RPRX
高出41.0%
-6.5%
两年增速更快
RPRX
近两年复合增速
0.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $644.6M | $622.0M |
| 净利润 | $-42.0M | $214.2M |
| 毛利率 | 26.0% | — |
| 营业利润率 | -4.2% | 62.4% |
| 净利率 | -6.5% | 34.4% |
| 营收同比 | -3.5% | 4.8% |
| 净利润同比 | -400.0% | 2.9% |
| 每股收益（稀释后） | $-0.32 | $0.49 |
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MBCRPRX
| Q4 25 | $644.6M | $622.0M | ||
| Q3 25 | $698.9M | $609.3M | ||
| Q2 25 | $730.9M | $578.7M | ||
| Q1 25 | $660.3M | $568.2M | ||
| Q4 24 | $667.7M | $593.6M | ||
| Q3 24 | $718.1M | $564.7M | ||
| Q2 24 | $676.5M | $537.3M | ||
| Q1 24 | $638.1M | $568.0M |
净利润MBCRPRX
| Q4 25 | $-42.0M | $214.2M | ||
| Q3 25 | $18.1M | $288.2M | ||
| Q2 25 | $37.3M | $30.2M | ||
| Q1 25 | $13.3M | $238.3M | ||
| Q4 24 | $14.0M | $208.2M | ||
| Q3 24 | $29.1M | $544.0M | ||
| Q2 24 | $45.3M | $102.0M | ||
| Q1 24 | $37.5M | $4.8M |
毛利率MBCRPRX
| 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% | — | ||
| Q1 24 | 32.1% | — |
营业利润率MBCRPRX
| Q4 25 | -4.2% | 62.4% | ||
| Q3 25 | 6.0% | 70.1% | ||
| Q2 25 | 9.2% | 36.3% | ||
| Q1 25 | 5.6% | 94.0% | ||
| Q4 24 | 5.6% | 60.9% | ||
| Q3 24 | 8.0% | — | ||
| Q2 24 | 11.5% | 50.2% | ||
| Q1 24 | 9.8% | -13.0% |
净利率MBCRPRX
| Q4 25 | -6.5% | 34.4% | ||
| Q3 25 | 2.6% | 47.3% | ||
| Q2 25 | 5.1% | 5.2% | ||
| Q1 25 | 2.0% | 41.9% | ||
| Q4 24 | 2.1% | 35.1% | ||
| Q3 24 | 4.1% | 96.3% | ||
| Q2 24 | 6.7% | 19.0% | ||
| Q1 24 | 5.9% | 0.8% |
每股收益（稀释后）MBCRPRX
| Q4 25 | $-0.32 | $0.49 | ||
| Q3 25 | $0.14 | $0.67 | ||
| Q2 25 | $0.29 | $0.07 | ||
| Q1 25 | $0.10 | $0.55 | ||
| Q4 24 | $0.10 | $0.46 | ||
| Q3 24 | $0.22 | $1.21 | ||
| Q2 24 | $0.35 | $0.23 | ||
| Q1 24 | $0.29 | $0.01 |
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 | $618.7M |
| 总债务越低越好 | — | $9.0B |
| 股东权益账面价值 | $1.3B | $9.7B |
| 总资产 | $3.1B | $19.6B |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资MBCRPRX
| Q4 25 | $183.3M | $618.7M | ||
| Q3 25 | $114.8M | $938.9M | ||
| Q2 25 | $120.1M | $631.9M | ||
| Q1 25 | $113.5M | $1.1B | ||
| Q4 24 | $120.6M | $929.0M | ||
| Q3 24 | $108.4M | $950.1M | ||
| Q2 24 | $189.4M | $1.8B | ||
| Q1 24 | $153.7M | $843.0M |
总债务MBCRPRX
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $1.0B | $7.6B | ||
| Q3 24 | $1.1B | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益MBCRPRX
| Q4 25 | $1.3B | $9.7B | ||
| Q3 25 | $1.4B | $9.6B | ||
| Q2 25 | $1.4B | $9.5B | ||
| Q1 25 | $1.3B | $9.8B | ||
| Q4 24 | $1.3B | $10.3B | ||
| Q3 24 | $1.3B | $10.3B | ||
| Q2 24 | $1.3B | $9.8B | ||
| Q1 24 | $1.2B | $9.9B |
总资产MBCRPRX
| Q4 25 | $3.1B | $19.6B | ||
| Q3 25 | $3.0B | $19.3B | ||
| Q2 25 | $3.0B | $18.3B | ||
| Q1 25 | $3.0B | $17.6B | ||
| Q4 24 | $2.9B | $18.2B | ||
| Q3 24 | $3.0B | $18.0B | ||
| Q2 24 | $2.4B | $17.7B | ||
| Q1 24 | $2.4B | $16.1B |
负债/权益比MBCRPRX
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 0.79× | 0.74× | ||
| Q3 24 | 0.83× | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $827.1M |
| 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 | — | 3.86× |
| 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MBCRPRX
| Q4 25 | $86.9M | $827.1M | ||
| Q3 25 | $55.4M | $702.6M | ||
| Q2 25 | $84.8M | $364.0M | ||
| Q1 25 | $-31.4M | $596.1M | ||
| Q4 24 | $115.1M | $742.5M | ||
| Q3 24 | $80.8M | $703.6M | ||
| Q2 24 | $77.4M | $658.2M | ||
| Q1 24 | $18.7M | $664.6M |
自由现金流MBCRPRX
| 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 | — | ||
| Q1 24 | $11.7M | — |
自由现金流率MBCRPRX
| 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% | — | ||
| Q1 24 | 1.8% | — |
资本支出强度MBCRPRX
| 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% | — | ||
| Q1 24 | 1.1% | — |
现金转化率MBCRPRX
| Q4 25 | — | 3.86× | ||
| Q3 25 | 3.06× | 2.44× | ||
| Q2 25 | 2.27× | 12.06× | ||
| Q1 25 | -2.36× | 2.50× | ||
| Q4 24 | 8.22× | 3.57× | ||
| Q3 24 | 2.78× | 1.29× | ||
| Q2 24 | 1.71× | 6.45× | ||
| Q1 24 | 0.50× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
