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MERIT MEDICAL SYSTEMS INC（MMSI）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
RBC Bearings INC的季度营收约是MERIT MEDICAL SYSTEMS INC的1.2倍（$461.6M vs $381.9M），RBC Bearings INC净利率更高（14.6% vs 10.7%，领先3.9%），RBC Bearings INC同比增速更快（17.0% vs 7.5%），RBC Bearings INC自由现金流更多（$99.1M vs $24.7M），过去两年MERIT MEDICAL SYSTEMS INC的营收复合增速更高（6.3% vs 5.6%）
梅里特医疗系统公司是一家全球性医疗设备企业，设计、生产和销售适用于心脏病学、放射学、肿瘤学、内窥镜及重症监护领域的介入和诊断产品，为全球医院及医疗机构提供微创医疗解决方案，助力提升患者疗效和临床操作效率。
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。
MMSI vs RBC — 直观对比
营收规模更大
RBC
是对方的1.2倍
$381.9M
营收增速更快
RBC
高出9.6%
7.5%
净利率更高
RBC
高出3.9%
10.7%
自由现金流更多
RBC
多$74.4M
$24.7M
两年增速更快
MMSI
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $381.9M | $461.6M |
| 净利润 | $41.0M | $67.4M |
| 毛利率 | 48.4% | 44.3% |
| 营业利润率 | 11.6% | 22.3% |
| 净利率 | 10.7% | 14.6% |
| 营收同比 | 7.5% | 17.0% |
| 净利润同比 | 36.0% | 16.4% |
| 每股收益（稀释后） | $0.68 | $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MMSIRBC
| Q1 26 | $381.9M | — | ||
| Q4 25 | $393.9M | $461.6M | ||
| Q3 25 | $384.2M | $455.3M | ||
| Q2 25 | $382.5M | $436.0M | ||
| Q1 25 | $355.4M | $437.7M | ||
| Q4 24 | $355.2M | $394.4M | ||
| Q3 24 | $339.8M | $397.9M | ||
| Q2 24 | $338.0M | $406.3M |
净利润MMSIRBC
| Q1 26 | $41.0M | — | ||
| Q4 25 | $38.0M | $67.4M | ||
| Q3 25 | $27.8M | $60.0M | ||
| Q2 25 | $32.6M | $68.5M | ||
| Q1 25 | $30.1M | $72.7M | ||
| Q4 24 | $27.9M | $57.9M | ||
| Q3 24 | $28.4M | $54.2M | ||
| Q2 24 | $35.7M | $61.4M |
毛利率MMSIRBC
| Q1 26 | 48.4% | — | ||
| Q4 25 | 49.6% | 44.3% | ||
| Q3 25 | 48.5% | 44.1% | ||
| Q2 25 | 48.2% | 44.8% | ||
| Q1 25 | 48.4% | 44.2% | ||
| Q4 24 | 48.7% | 44.3% | ||
| Q3 24 | 46.4% | 43.7% | ||
| Q2 24 | 47.7% | 45.3% |
营业利润率MMSIRBC
| Q1 26 | 11.6% | — | ||
| Q4 25 | 13.8% | 22.3% | ||
| Q3 25 | 11.1% | 21.5% | ||
| Q2 25 | 12.3% | 23.2% | ||
| Q1 25 | 11.5% | 23.0% | ||
| Q4 24 | 10.3% | 21.7% | ||
| Q3 24 | 11.0% | 21.6% | ||
| Q2 24 | 13.6% | 24.0% |
净利率MMSIRBC
| Q1 26 | 10.7% | — | ||
| Q4 25 | 9.6% | 14.6% | ||
| Q3 25 | 7.2% | 13.2% | ||
| Q2 25 | 8.5% | 15.7% | ||
| Q1 25 | 8.5% | 16.6% | ||
| Q4 24 | 7.9% | 14.7% | ||
| Q3 24 | 8.4% | 13.6% | ||
| Q2 24 | 10.6% | 15.1% |
每股收益（稀释后）MMSIRBC
| Q1 26 | $0.68 | — | ||
| Q4 25 | $0.64 | $2.13 | ||
| Q3 25 | $0.46 | $1.90 | ||
| Q2 25 | $0.54 | $2.17 | ||
| Q1 25 | $0.49 | $2.33 | ||
| Q4 24 | $0.46 | $1.82 | ||
| Q3 24 | $0.48 | $1.65 | ||
| Q2 24 | $0.61 | $1.90 |
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 | $488.1M | $107.6M |
| 总债务越低越好 | $735.2M | $990.2M |
| 股东权益账面价值 | $1.6B | $3.3B |
| 总资产 | $2.7B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.45× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MMSIRBC
| Q1 26 | $488.1M | — | ||
| Q4 25 | $446.4M | $107.6M | ||
| Q3 25 | $392.5M | $91.2M | ||
| Q2 25 | $341.8M | $132.9M | ||
| Q1 25 | $395.5M | $36.8M | ||
| Q4 24 | $376.7M | — | ||
| Q3 24 | $523.1M | — | ||
| Q2 24 | $636.7M | $76.8M |
总债务MMSIRBC
| Q1 26 | $735.2M | — | ||
| Q4 25 | $734.0M | $990.2M | ||
| Q3 25 | $732.9M | $1.1B | ||
| Q2 25 | $731.8M | $915.6M | ||
| Q1 25 | $730.7M | $920.1M | ||
| Q4 24 | $729.6M | — | ||
| Q3 24 | $750.5M | — | ||
| Q2 24 | $801.3M | — |
股东权益MMSIRBC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $3.3B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.4B | $3.0B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.3B | $2.9B | ||
| Q2 24 | $1.3B | $2.8B |
总资产MMSIRBC
| Q1 26 | $2.7B | — | ||
| Q4 25 | $2.7B | $5.1B | ||
| Q3 25 | $2.6B | $5.1B | ||
| Q2 25 | $2.6B | $4.8B | ||
| Q1 25 | $2.5B | $4.7B | ||
| Q4 24 | $2.4B | $4.7B | ||
| Q3 24 | $2.4B | $4.7B | ||
| Q2 24 | $2.4B | $4.7B |
负债/权益比MMSIRBC
| Q1 26 | 0.45× | — | ||
| Q4 25 | 0.46× | 0.30× | ||
| Q3 25 | 0.48× | 0.34× | ||
| Q2 25 | 0.49× | 0.29× | ||
| Q1 25 | 0.51× | 0.30× | ||
| Q4 24 | 0.53× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 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 | — | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $24.7M | $99.1M |
| 自由现金流率自由现金流/营收 | 6.5% | 21.5% |
| 资本支出强度资本支出/营收 | 4.2% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $220.8M | — |
8季度趋势，按日历期对齐
经营现金流MMSIRBC
| Q1 26 | — | — | ||
| Q4 25 | $98.5M | $122.1M | ||
| Q3 25 | $75.0M | $88.4M | ||
| Q2 25 | $83.3M | $120.0M | ||
| Q1 25 | $40.6M | — | ||
| Q4 24 | $68.7M | $84.0M | ||
| Q3 24 | $47.3M | — | ||
| Q2 24 | $68.5M | $97.4M |
自由现金流MMSIRBC
| Q1 26 | $24.7M | — | ||
| Q4 25 | $74.0M | $99.1M | ||
| Q3 25 | $52.5M | $71.7M | ||
| Q2 25 | $69.6M | $104.3M | ||
| Q1 25 | $19.5M | — | ||
| Q4 24 | $65.3M | $73.6M | ||
| Q3 24 | $38.0M | — | ||
| Q2 24 | $57.9M | $88.4M |
自由现金流率MMSIRBC
| Q1 26 | 6.5% | — | ||
| Q4 25 | 18.8% | 21.5% | ||
| Q3 25 | 13.7% | 15.7% | ||
| Q2 25 | 18.2% | 23.9% | ||
| Q1 25 | 5.5% | — | ||
| Q4 24 | 18.4% | 18.7% | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | 17.1% | 21.8% |
资本支出强度MMSIRBC
| Q1 26 | 4.2% | — | ||
| Q4 25 | 6.2% | 5.0% | ||
| Q3 25 | 5.8% | 3.7% | ||
| Q2 25 | 3.6% | 3.6% | ||
| Q1 25 | 5.9% | 3.2% | ||
| Q4 24 | 1.0% | 2.6% | ||
| Q3 24 | 2.8% | 4.1% | ||
| Q2 24 | 3.1% | 2.2% |
现金转化率MMSIRBC
| Q1 26 | — | — | ||
| Q4 25 | 2.59× | 1.81× | ||
| Q3 25 | 2.70× | 1.47× | ||
| Q2 25 | 2.56× | 1.75× | ||
| Q1 25 | 1.35× | — | ||
| Q4 24 | 2.46× | 1.45× | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 1.92× | 1.59× |
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
MMSI
暂无分部数据
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
