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MBIA INC（MBI）与REGENXBIO Inc.（RGNX）财务数据对比。点击上方公司名可切换其他公司
REGENXBIO Inc.的季度营收约是MBIA INC的1.1倍（$30.3M vs $28.0M），MBIA INC净利率更高（-182.1% vs -221.3%，领先39.2%），REGENXBIO Inc.同比增速更快（43.0% vs -24.3%），过去两年MBIA INC的营收复合增速更高（46.8% vs 39.4%）
MBIA Inc.是一家美国金融服务企业，1973年以市政债券保险协会之名成立，总部位于纽约州帕切斯，是全球规模最大的债券保险公司，截至2015年1月共有约180名员工，深耕债券保险领域多年，在行业内拥有重要影响力。
REGENXBIO Inc.是一家临床阶段生物技术企业，专注于开发针对罕见及严重遗传疾病的突破性基因疗法。公司拥有专有的腺相关病毒载体技术，既向全球生物制药合作伙伴提供技术授权，也自主推进多疾病领域的基因疗法管线研发。
MBI vs RGNX — 直观对比
营收规模更大
RGNX
是对方的1.1倍
$28.0M
营收增速更快
RGNX
高出67.3%
-24.3%
净利率更高
MBI
高出39.2%
-221.3%
两年增速更快
MBI
近两年复合增速
39.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $28.0M | $30.3M |
| 净利润 | $-51.0M | $-67.1M |
| 毛利率 | — | — |
| 营业利润率 | -200.0% | -190.0% |
| 净利率 | -182.1% | -221.3% |
| 营收同比 | -24.3% | 43.0% |
| 净利润同比 | -106.1% | -31.2% |
| 每股收益（稀释后） | $-1.01 | $-1.30 |
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MBIRGNX
| Q4 25 | $28.0M | $30.3M | ||
| Q3 25 | $15.0M | $29.7M | ||
| Q2 25 | $23.0M | $21.4M | ||
| Q1 25 | $14.0M | $89.0M | ||
| Q4 24 | $37.0M | $21.2M | ||
| Q3 24 | $29.0M | $24.2M | ||
| Q2 24 | $-37.0M | $22.3M | ||
| Q1 24 | $13.0M | $15.6M |
净利润MBIRGNX
| Q4 25 | $-51.0M | $-67.1M | ||
| Q3 25 | $-8.0M | $-61.9M | ||
| Q2 25 | $-56.0M | $-70.9M | ||
| Q1 25 | $-62.0M | $6.1M | ||
| Q4 24 | $831.0M | $-51.2M | ||
| Q3 24 | $-56.0M | $-59.6M | ||
| Q2 24 | $-254.0M | $-53.0M | ||
| Q1 24 | $-86.0M | $-63.3M |
毛利率MBIRGNX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 70.2% | ||
| Q3 24 | — | 48.8% | ||
| Q2 24 | — | 52.5% | ||
| Q1 24 | — | 72.6% |
营业利润率MBIRGNX
| Q4 25 | -200.0% | -190.0% | ||
| Q3 25 | -46.7% | -176.3% | ||
| Q2 25 | -243.5% | -296.3% | ||
| Q1 25 | -442.9% | 13.6% | ||
| Q4 24 | -135.1% | -242.1% | ||
| Q3 24 | -175.9% | -256.6% | ||
| Q2 24 | 683.8% | -251.3% | ||
| Q1 24 | -669.2% | -408.8% |
净利率MBIRGNX
| Q4 25 | -182.1% | -221.3% | ||
| Q3 25 | -53.3% | -208.3% | ||
| Q2 25 | -243.5% | -331.8% | ||
| Q1 25 | -442.9% | 6.8% | ||
| Q4 24 | 2245.9% | -241.3% | ||
| Q3 24 | -193.1% | -246.3% | ||
| Q2 24 | 686.5% | -237.7% | ||
| Q1 24 | -661.5% | -405.4% |
每股收益（稀释后）MBIRGNX
| Q4 25 | $-1.01 | $-1.30 | ||
| Q3 25 | $-0.17 | $-1.20 | ||
| Q2 25 | $-1.12 | $-1.38 | ||
| Q1 25 | $-1.28 | $0.12 | ||
| Q4 24 | $-1.07 | $-0.99 | ||
| Q3 24 | $-1.18 | $-1.17 | ||
| Q2 24 | $-5.34 | $-1.05 | ||
| Q1 24 | $-1.84 | $-1.38 |
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 | — | $230.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $-2.2B | $102.7M |
| 总资产 | $2.0B | $453.0M |
| 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MBIRGNX
| Q4 25 | — | $230.1M | ||
| Q3 25 | — | $274.2M | ||
| Q2 25 | — | $323.3M | ||
| Q1 25 | — | $267.9M | ||
| Q4 24 | — | $234.7M | ||
| Q3 24 | — | $255.5M | ||
| Q2 24 | — | $290.4M | ||
| Q1 24 | — | $338.7M |
股东权益MBIRGNX
| Q4 25 | $-2.2B | $102.7M | ||
| Q3 25 | $-2.2B | $161.5M | ||
| Q2 25 | $-2.2B | $213.7M | ||
| Q1 25 | $-2.1B | $274.2M | ||
| Q4 24 | $-2.1B | $259.7M | ||
| Q3 24 | $-2.0B | $301.4M | ||
| Q2 24 | $-2.0B | $348.3M | ||
| Q1 24 | $-1.7B | $390.7M |
总资产MBIRGNX
| Q4 25 | $2.0B | $453.0M | ||
| Q3 25 | $2.1B | $525.2M | ||
| Q2 25 | $2.1B | $581.0M | ||
| Q1 25 | $2.1B | $490.9M | ||
| Q4 24 | $2.2B | $466.0M | ||
| Q3 24 | $2.2B | $519.1M | ||
| Q2 24 | $2.3B | $569.4M | ||
| Q1 24 | $2.5B | $629.2M |
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 | $38.0M | $-52.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-52.8M |
| 自由现金流率自由现金流/营收 | — | -174.0% |
| 资本支出强度资本支出/营收 | — | 1.7% |
| 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 | — | $-126.4M |
8季度趋势，按日历期对齐
经营现金流MBIRGNX
| Q4 25 | $38.0M | $-52.3M | ||
| Q3 25 | $90.0M | $-56.0M | ||
| Q2 25 | $1.0M | $-49.3M | ||
| Q1 25 | $-43.0M | $33.6M | ||
| Q4 24 | $-176.0M | $-31.6M | ||
| Q3 24 | $-139.0M | $-40.5M | ||
| Q2 24 | $-10.0M | $-45.5M | ||
| Q1 24 | $-30.0M | $-55.5M |
自由现金流MBIRGNX
| Q4 25 | — | $-52.8M | ||
| Q3 25 | — | $-56.5M | ||
| Q2 25 | — | $-49.7M | ||
| Q1 25 | — | $32.6M | ||
| Q4 24 | — | $-32.7M | ||
| Q3 24 | — | $-40.9M | ||
| Q2 24 | — | $-46.0M | ||
| Q1 24 | — | $-56.0M |
自由现金流率MBIRGNX
| Q4 25 | — | -174.0% | ||
| Q3 25 | — | -189.9% | ||
| Q2 25 | — | -232.8% | ||
| Q1 25 | — | 36.6% | ||
| Q4 24 | — | -154.2% | ||
| Q3 24 | — | -168.9% | ||
| Q2 24 | — | -206.2% | ||
| Q1 24 | — | -358.5% |
资本支出强度MBIRGNX
| Q4 25 | — | 1.7% | ||
| Q3 25 | — | 1.7% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 3.6% |
现金转化率MBIRGNX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.53× | ||
| Q4 24 | -0.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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
MBI
| US Public Finance Insurance | $15.0M | 54% |
| Corporate Operations | $7.0M | 25% |
| International And Structured Finance Insurance | $5.0M | 18% |
| Other | $1.0M | 4% |
RGNX
| Novartis Gene Therapies | $24.2M | 80% |
| Nippon Shinyaku Collaboration And License Agreement | $4.3M | 14% |
| Nippon Shinyaku Services | $1.4M | 5% |
