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MDU RESOURCES GROUP INC（MDU）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
MDU RESOURCES GROUP INC的季度营收约是RBC Bearings INC的1.1倍（$522.6M vs $461.6M），MDU RESOURCES GROUP INC净利率更高（14.6% vs 14.6%，领先0.0%），RBC Bearings INC同比增速更快（17.0% vs -1.6%），RBC Bearings INC自由现金流更多（$99.1M vs $-336.0M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -5.7%）
MDU资源集团是一家总部位于美国北达科他州俾斯麦的企业，业务涵盖受监管的能源输送供应，以及公用事业相关的建筑材料与服务，业务范围覆盖美国48个州，是当地能源及基建服务领域的重要参与者。
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。
MDU vs RBC — 直观对比
营收规模更大
MDU
是对方的1.1倍
$461.6M
营收增速更快
RBC
高出18.6%
-1.6%
净利率更高
MDU
高出0.0%
14.6%
自由现金流更多
RBC
多$435.1M
$-336.0M
两年增速更快
RBC
近两年复合增速
-5.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $522.6M | $461.6M |
| 净利润 | $76.3M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 20.5% | 22.3% |
| 净利率 | 14.6% | 14.6% |
| 营收同比 | -1.6% | 17.0% |
| 净利润同比 | 38.4% | 16.4% |
| 每股收益（稀释后） | $0.37 | $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MDURBC
| Q4 25 | $522.6M | $461.6M | ||
| Q3 25 | $313.6M | $455.3M | ||
| Q2 25 | $348.7M | $436.0M | ||
| Q1 25 | $678.0M | $437.7M | ||
| Q4 24 | $531.0M | $394.4M | ||
| Q3 24 | $290.7M | $397.9M | ||
| Q2 24 | $343.1M | $406.3M | ||
| Q1 24 | $588.2M | $413.7M |
净利润MDURBC
| Q4 25 | $76.3M | $67.4M | ||
| Q3 25 | $18.3M | $60.0M | ||
| Q2 25 | $13.8M | $68.5M | ||
| Q1 25 | $82.0M | $72.7M | ||
| Q4 24 | $55.2M | $57.9M | ||
| Q3 24 | $64.6M | $54.2M | ||
| Q2 24 | $60.4M | $61.4M | ||
| Q1 24 | $100.9M | — |
毛利率MDURBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率MDURBC
| Q4 25 | 20.5% | 22.3% | ||
| Q3 25 | 12.7% | 21.5% | ||
| Q2 25 | 8.7% | 23.2% | ||
| Q1 25 | 16.6% | 23.0% | ||
| Q4 24 | 17.8% | 21.7% | ||
| Q3 24 | 12.0% | 21.6% | ||
| Q2 24 | 11.5% | 24.0% | ||
| Q1 24 | 16.4% | 22.8% |
净利率MDURBC
| Q4 25 | 14.6% | 14.6% | ||
| Q3 25 | 5.8% | 13.2% | ||
| Q2 25 | 4.0% | 15.7% | ||
| Q1 25 | 12.1% | 16.6% | ||
| Q4 24 | 10.4% | 14.7% | ||
| Q3 24 | 22.2% | 13.6% | ||
| Q2 24 | 17.6% | 15.1% | ||
| Q1 24 | 17.2% | — |
每股收益（稀释后）MDURBC
| Q4 25 | $0.37 | $2.13 | ||
| Q3 25 | $0.09 | $1.90 | ||
| Q2 25 | $0.07 | $2.17 | ||
| Q1 25 | $0.40 | $2.33 | ||
| Q4 24 | $0.26 | $1.82 | ||
| Q3 24 | $0.32 | $1.65 | ||
| Q2 24 | $0.30 | $1.90 | ||
| Q1 24 | $0.49 | $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 | $28.2M | $107.6M |
| 总债务越低越好 | $2.7B | $990.2M |
| 股东权益账面价值 | $2.8B | $3.3B |
| 总资产 | $7.6B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.97× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MDURBC
| Q4 25 | $28.2M | $107.6M | ||
| Q3 25 | $75.9M | $91.2M | ||
| Q2 25 | $58.8M | $132.9M | ||
| Q1 25 | $59.5M | $36.8M | ||
| Q4 24 | $66.9M | — | ||
| Q3 24 | $88.3M | — | ||
| Q2 24 | $78.8M | $76.8M | ||
| Q1 24 | $72.7M | $63.5M |
总债务MDURBC
| Q4 25 | $2.7B | $990.2M | ||
| Q3 25 | $2.4B | $1.1B | ||
| Q2 25 | $2.2B | $915.6M | ||
| Q1 25 | $2.2B | $920.1M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $2.3B | $1.2B |
股东权益MDURBC
| Q4 25 | $2.8B | $3.3B | ||
| Q3 25 | $2.7B | $3.2B | ||
| Q2 25 | $2.7B | $3.1B | ||
| Q1 25 | $2.7B | $3.0B | ||
| Q4 24 | $2.7B | $2.9B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $3.0B | $2.8B | ||
| Q1 24 | $3.0B | $2.8B |
总资产MDURBC
| Q4 25 | $7.6B | $5.1B | ||
| Q3 25 | $7.2B | $5.1B | ||
| Q2 25 | $6.9B | $4.8B | ||
| Q1 25 | $7.0B | $4.7B | ||
| Q4 24 | $7.0B | $4.7B | ||
| Q3 24 | $8.2B | $4.7B | ||
| Q2 24 | $8.0B | $4.7B | ||
| Q1 24 | $7.8B | $4.7B |
负债/权益比MDURBC
| Q4 25 | 0.97× | 0.30× | ||
| Q3 25 | 0.86× | 0.34× | ||
| Q2 25 | 0.80× | 0.29× | ||
| Q1 25 | 0.80× | 0.30× | ||
| Q4 24 | 0.85× | — | ||
| Q3 24 | 0.76× | — | ||
| Q2 24 | 0.75× | — | ||
| Q1 24 | 0.76× | 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 | $80.6M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-336.0M | $99.1M |
| 自由现金流率自由现金流/营收 | -64.3% | 21.5% |
| 资本支出强度资本支出/营收 | 79.7% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.06× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-297.0M | — |
8季度趋势，按日历期对齐
经营现金流MDURBC
| Q4 25 | $80.6M | $122.1M | ||
| Q3 25 | $57.9M | $88.4M | ||
| Q2 25 | $117.4M | $120.0M | ||
| Q1 25 | $217.5M | — | ||
| Q4 24 | $60.5M | $84.0M | ||
| Q3 24 | $140.2M | — | ||
| Q2 24 | $136.5M | $97.4M | ||
| Q1 24 | $165.1M | — |
自由现金流MDURBC
| Q4 25 | $-336.0M | $99.1M | ||
| Q3 25 | $-121.9M | $71.7M | ||
| Q2 25 | $36.5M | $104.3M | ||
| Q1 25 | $124.4M | — | ||
| Q4 24 | $-95.8M | $73.6M | ||
| Q3 24 | $673.0K | — | ||
| Q2 24 | $26.5M | $88.4M | ||
| Q1 24 | $48.1M | — |
自由现金流率MDURBC
| Q4 25 | -64.3% | 21.5% | ||
| Q3 25 | -38.9% | 15.7% | ||
| Q2 25 | 10.5% | 23.9% | ||
| Q1 25 | 18.4% | — | ||
| Q4 24 | -18.0% | 18.7% | ||
| Q3 24 | 0.2% | — | ||
| Q2 24 | 7.7% | 21.8% | ||
| Q1 24 | 8.2% | — |
资本支出强度MDURBC
| Q4 25 | 79.7% | 5.0% | ||
| Q3 25 | 57.3% | 3.7% | ||
| Q2 25 | 23.2% | 3.6% | ||
| Q1 25 | 13.7% | 3.2% | ||
| Q4 24 | 29.4% | 2.6% | ||
| Q3 24 | 48.0% | 4.1% | ||
| Q2 24 | 32.0% | 2.2% | ||
| Q1 24 | 19.9% | — |
现金转化率MDURBC
| Q4 25 | 1.06× | 1.81× | ||
| Q3 25 | 3.16× | 1.47× | ||
| Q2 25 | 8.52× | 1.75× | ||
| Q1 25 | 2.65× | — | ||
| Q4 24 | 1.10× | 1.45× | ||
| Q3 24 | 2.17× | — | ||
| Q2 24 | 2.26× | 1.59× | ||
| Q1 24 | 1.64× | — |
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
MDU
| Natural Gas Distribution | $382.8M | 73% |
| Commercial Utility Sales | $42.7M | 8% |
| Residential Utility Sales | $33.7M | 6% |
| Pipelineand Midstream | $31.1M | 6% |
| Natural Gas Transportation | $17.2M | 3% |
| Industrial Utility Sales | $10.1M | 2% |
| Natural Gas Storage | $6.4M | 1% |
| Other Utility Sales | $1.9M | 0% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
