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MAXIMUS, INC.（MMS）与拉夫劳伦（RL）财务数据对比。点击上方公司名可切换其他公司
拉夫劳伦的季度营收约是MAXIMUS, INC.的1.8倍（$2.4B vs $1.3B），拉夫劳伦净利率更高（15.0% vs 7.0%，领先8.0%），拉夫劳伦同比增速更快（12.2% vs -4.1%），拉夫劳伦自由现金流更多（$704.0M vs $-250.7M），过去两年拉夫劳伦的营收复合增速更高（23.9% vs -0.1%）
MAXIMUS是美国一家政府服务企业，业务覆盖美国、加拿大、英国等国家，为医疗补助、联邦医疗保险、医改、就业帮扶、学生贷款服务等各类政府项目提供行政及配套服务。公司总部位于弗吉尼亚州泰森斯，现有员工3.96万名，2024财年营收达53亿美元。
拉夫劳伦是源自美国的跨国时尚巨头，旗下同名高端时尚品牌风靡全球，企业规模达数十亿美元。品牌创始人拉夫劳伦于2015年9月卸任首席执行官，仍留任执行董事长兼首席创意官，主导品牌创意与整体发展方向。
MMS vs RL — 直观对比
营收规模更大
RL
是对方的1.8倍
$1.3B
营收增速更快
RL
高出16.4%
-4.1%
净利率更高
RL
高出8.0%
7.0%
自由现金流更多
RL
多$954.7M
$-250.7M
两年增速更快
RL
近两年复合增速
-0.1%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $2.4B |
| 净利润 | $93.9M | $361.6M |
| 毛利率 | 23.7% | 69.9% |
| 营业利润率 | 10.9% | 19.6% |
| 净利率 | 7.0% | 15.0% |
| 营收同比 | -4.1% | 12.2% |
| 净利润同比 | 128.0% | 21.6% |
| 每股收益（稀释后） | $1.70 | $5.82 |
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MMSRL
| Q4 25 | $1.3B | $2.4B | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.3B | $1.7B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $2.1B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.3B | $1.6B |
净利润MMSRL
| Q4 25 | $93.9M | $361.6M | ||
| Q3 25 | $75.3M | $207.5M | ||
| Q2 25 | $106.0M | $220.4M | ||
| Q1 25 | $96.6M | $129.0M | ||
| Q4 24 | $41.2M | $297.4M | ||
| Q3 24 | $72.5M | $147.9M | ||
| Q2 24 | $89.8M | $168.6M | ||
| Q1 24 | $80.5M | $90.7M |
毛利率MMSRL
| Q4 25 | 23.7% | 69.9% | ||
| Q3 25 | 25.3% | 68.0% | ||
| Q2 25 | 26.7% | 72.3% | ||
| Q1 25 | 24.9% | 68.7% | ||
| Q4 24 | 21.5% | 68.4% | ||
| Q3 24 | 22.9% | 67.0% | ||
| Q2 24 | 25.3% | 70.5% | ||
| Q1 24 | 23.6% | 66.6% |
营业利润率MMSRL
| Q4 25 | 10.9% | 19.6% | ||
| Q3 25 | 9.3% | 12.2% | ||
| Q2 25 | 12.3% | 15.9% | ||
| Q1 25 | 11.2% | 9.1% | ||
| Q4 24 | 6.2% | 18.2% | ||
| Q3 24 | 8.5% | 10.4% | ||
| Q2 24 | 10.8% | 13.8% | ||
| Q1 24 | 9.5% | 6.9% |
净利率MMSRL
| Q4 25 | 7.0% | 15.0% | ||
| Q3 25 | 5.7% | 10.3% | ||
| Q2 25 | 7.9% | 12.8% | ||
| Q1 25 | 7.1% | 7.6% | ||
| Q4 24 | 2.9% | 13.9% | ||
| Q3 24 | 5.5% | 8.6% | ||
| Q2 24 | 6.8% | 11.1% | ||
| Q1 24 | 6.0% | 5.8% |
每股收益（稀释后）MMSRL
| Q4 25 | $1.70 | $5.82 | ||
| Q3 25 | $1.27 | $3.32 | ||
| Q2 25 | $1.86 | $3.52 | ||
| Q1 25 | $1.69 | $2.03 | ||
| Q4 24 | $0.69 | $4.66 | ||
| Q3 24 | $1.18 | $2.31 | ||
| Q2 24 | $1.46 | $2.61 | ||
| Q1 24 | $1.31 | $1.37 |
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 | $137.6M | $2.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.7B | $2.9B |
| 总资产 | $4.2B | $7.8B |
| 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MMSRL
| Q4 25 | $137.6M | $2.3B | ||
| Q3 25 | $222.4M | $1.6B | ||
| Q2 25 | $59.8M | $2.3B | ||
| Q1 25 | $108.1M | $2.1B | ||
| Q4 24 | $72.7M | $2.1B | ||
| Q3 24 | $183.1M | $1.7B | ||
| Q2 24 | $102.8M | $1.8B | ||
| Q1 24 | $77.4M | $1.8B |
股东权益MMSRL
| Q4 25 | $1.7B | $2.9B | ||
| Q3 25 | $1.7B | $2.6B | ||
| Q2 25 | $1.8B | $2.5B | ||
| Q1 25 | $1.7B | $2.6B | ||
| Q4 24 | $1.6B | $2.5B | ||
| Q3 24 | $1.8B | $2.4B | ||
| Q2 24 | $1.8B | $2.4B | ||
| Q1 24 | $1.8B | $2.5B |
总资产MMSRL
| Q4 25 | $4.2B | $7.8B | ||
| Q3 25 | $4.1B | $7.3B | ||
| Q2 25 | $4.5B | $7.8B | ||
| Q1 25 | $4.2B | $7.0B | ||
| Q4 24 | $4.1B | $7.1B | ||
| Q3 24 | $4.1B | $6.8B | ||
| Q2 24 | $4.0B | $6.6B | ||
| Q1 24 | $4.0B | $6.6B |
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 | $-244.4M | $779.6M |
| 自由现金流经营现金流 - 资本支出 | $-250.7M | $704.0M |
| 自由现金流率自由现金流/营收 | -18.6% | 29.3% |
| 资本支出强度资本支出/营收 | 0.5% | 3.1% |
| 现金转化率经营现金流/净利润 | -2.60× | 2.16× |
| 过去12个月自由现金流最近4个季度 | $218.5M | $694.5M |
8季度趋势，按日历期对齐
经营现金流MMSRL
| Q4 25 | $-244.4M | $779.6M | ||
| Q3 25 | $649.4M | $53.2M | ||
| Q2 25 | $-182.7M | $176.1M | ||
| Q1 25 | $42.7M | $122.2M | ||
| Q4 24 | $-80.0M | $738.4M | ||
| Q3 24 | $163.8M | $97.2M | ||
| Q2 24 | $199.3M | $277.3M | ||
| Q1 24 | $130.5M | — |
自由现金流MMSRL
| Q4 25 | $-250.7M | $704.0M | ||
| Q3 25 | $641.8M | $-40.6M | ||
| Q2 25 | $-198.2M | $-11.2M | ||
| Q1 25 | $25.5M | $42.3M | ||
| Q4 24 | $-103.0M | $677.2M | ||
| Q3 24 | $131.9M | $55.5M | ||
| Q2 24 | $164.6M | $243.9M | ||
| Q1 24 | $105.2M | — |
自由现金流率MMSRL
| Q4 25 | -18.6% | 29.3% | ||
| Q3 25 | 48.7% | -2.0% | ||
| Q2 25 | -14.7% | -0.7% | ||
| Q1 25 | 1.9% | 2.5% | ||
| Q4 24 | -7.3% | 31.6% | ||
| Q3 24 | 10.0% | 3.2% | ||
| Q2 24 | 12.5% | 16.1% | ||
| Q1 24 | 7.8% | — |
资本支出强度MMSRL
| Q4 25 | 0.5% | 3.1% | ||
| Q3 25 | 0.6% | 4.7% | ||
| Q2 25 | 1.1% | 10.9% | ||
| Q1 25 | 1.3% | 4.7% | ||
| Q4 24 | 1.6% | 2.9% | ||
| Q3 24 | 2.4% | 2.4% | ||
| Q2 24 | 2.6% | 2.2% | ||
| Q1 24 | 1.9% | — |
现金转化率MMSRL
| Q4 25 | -2.60× | 2.16× | ||
| Q3 25 | 8.63× | 0.26× | ||
| Q2 25 | -1.72× | 0.80× | ||
| Q1 25 | 0.44× | 0.95× | ||
| Q4 24 | -1.94× | 2.48× | ||
| Q3 24 | 2.26× | 0.66× | ||
| Q2 24 | 2.22× | 1.64× | ||
| Q1 24 | 1.62× | — |
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
MMS
| Clinical Services | $523.7M | 39% |
| Cost Plus Contracts | $386.4M | 29% |
| Outside The United States | $143.2M | 11% |
| International Government Agencies | $141.0M | 10% |
| Technology Solutions | $74.8M | 6% |
| Employment And Other | $70.2M | 5% |
| Other Including Local Municipalities And Commercial Customers | $17.6M | 1% |
RL
暂无分部数据
