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摩丁制造（MOD）与百济神州（ONC）财务数据对比。点击上方公司名可切换其他公司
百济神州的季度营收约是摩丁制造的1.9倍（$1.5B vs $805.0M），百济神州净利率更高（4.4% vs -5.9%，领先10.3%），百济神州同比增速更快（32.8% vs 30.5%），百济神州自由现金流更多（$379.8M vs $-17.1M），过去两年百济神州的营收复合增速更高（41.2% vs 15.5%）
摩丁制造是1916年成立于美国的热管理企业。创始人亚瑟·B·摩丁获拖拉机Spirex散热器专利后创立公司，曾为福特T型车生产Turbotube散热器，1941年在威斯康星州拉辛建成全球首个车用风洞，二战期间为P-51野马战斗机供应后冷却器。
BeOne Medicines（原百济神州）是一家跨国肿瘤领域制药企业，专注于癌症治疗创新药物的研发与商业化，致力于为全球癌症患者提供更有效、可及性更高的治疗方案，改善患者的生存质量与预后。
MOD vs ONC — 直观对比
营收规模更大
ONC
是对方的1.9倍
$805.0M
营收增速更快
ONC
高出2.3%
30.5%
净利率更高
ONC
高出10.3%
-5.9%
自由现金流更多
ONC
多$396.9M
$-17.1M
两年增速更快
ONC
近两年复合增速
15.5%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.5B |
| 净利润 | $-47.4M | $66.5M |
| 毛利率 | 23.1% | 90.5% |
| 营业利润率 | 11.1% | 12.4% |
| 净利率 | -5.9% | 4.4% |
| 营收同比 | 30.5% | 32.8% |
| 净利润同比 | -215.6% | 143.8% |
| 每股收益（稀释后） | $-0.90 | $0.05 |
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MODONC
| Q4 25 | $805.0M | $1.5B | ||
| Q3 25 | $738.9M | $1.4B | ||
| Q2 25 | $682.8M | $1.3B | ||
| Q1 25 | $647.2M | $1.1B | ||
| Q4 24 | $616.8M | $1.1B | ||
| Q3 24 | $658.0M | $1.0B | ||
| Q2 24 | $661.5M | $929.2M | ||
| Q1 24 | $603.5M | $751.7M |
净利润MODONC
| Q4 25 | $-47.4M | $66.5M | ||
| Q3 25 | $44.4M | $124.8M | ||
| Q2 25 | $51.2M | $94.3M | ||
| Q1 25 | $49.6M | $1.3M | ||
| Q4 24 | $41.0M | $-151.9M | ||
| Q3 24 | $46.1M | $-121.3M | ||
| Q2 24 | $47.3M | $-120.4M | ||
| Q1 24 | $25.8M | $-251.2M |
毛利率MODONC
| Q4 25 | 23.1% | 90.5% | ||
| Q3 25 | 22.3% | 86.1% | ||
| Q2 25 | 24.2% | 87.5% | ||
| Q1 25 | 25.6% | 85.2% | ||
| Q4 24 | 24.3% | 85.8% | ||
| Q3 24 | 25.2% | 83.0% | ||
| Q2 24 | 24.6% | 85.1% | ||
| Q1 24 | 22.4% | 83.4% |
营业利润率MODONC
| Q4 25 | 11.1% | 12.4% | ||
| Q3 25 | 9.9% | 11.5% | ||
| Q2 25 | 11.1% | 6.7% | ||
| Q1 25 | 11.5% | 1.0% | ||
| Q4 24 | 9.6% | -7.0% | ||
| Q3 24 | 11.4% | -12.0% | ||
| Q2 24 | 11.2% | -11.5% | ||
| Q1 24 | 7.8% | -34.8% |
净利率MODONC
| Q4 25 | -5.9% | 4.4% | ||
| Q3 25 | 6.0% | 8.8% | ||
| Q2 25 | 7.5% | 7.2% | ||
| Q1 25 | 7.7% | 0.1% | ||
| Q4 24 | 6.6% | -13.5% | ||
| Q3 24 | 7.0% | -12.1% | ||
| Q2 24 | 7.2% | -13.0% | ||
| Q1 24 | 4.3% | -33.4% |
每股收益（稀释后）MODONC
| Q4 25 | $-0.90 | $0.05 | ||
| Q3 25 | $0.83 | $0.08 | ||
| Q2 25 | $0.95 | $0.06 | ||
| Q1 25 | $0.92 | $0.00 | ||
| Q4 24 | $0.76 | $-0.10 | ||
| Q3 24 | $0.86 | $-0.09 | ||
| Q2 24 | $0.88 | $-0.09 | ||
| Q1 24 | $0.48 | $-0.19 |
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 | $98.7M | $4.5B |
| 总债务越低越好 | $570.7M | $836.4M |
| 股东权益账面价值 | $1.1B | $4.4B |
| 总资产 | $2.5B | $8.2B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.19× |
8季度趋势，按日历期对齐
现金及短期投资MODONC
| Q4 25 | $98.7M | $4.5B | ||
| Q3 25 | $83.8M | $4.0B | ||
| Q2 25 | $124.5M | $2.8B | ||
| Q1 25 | $71.6M | $2.5B | ||
| Q4 24 | $83.8M | $2.6B | ||
| Q3 24 | $78.6M | $2.7B | ||
| Q2 24 | $72.9M | $2.6B | ||
| Q1 24 | $60.1M | $2.8B |
总债务MODONC
| Q4 25 | $570.7M | $836.4M | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | — | ||
| Q2 24 | $405.7M | — | ||
| Q1 24 | $399.9M | — |
股东权益MODONC
| Q4 25 | $1.1B | $4.4B | ||
| Q3 25 | $1.1B | $4.1B | ||
| Q2 25 | $1.0B | $3.8B | ||
| Q1 25 | $910.2M | $3.5B | ||
| Q4 24 | $855.1M | $3.3B | ||
| Q3 24 | $858.8M | $3.4B | ||
| Q2 24 | $788.4M | $3.4B | ||
| Q1 24 | $747.6M | $3.4B |
总资产MODONC
| Q4 25 | $2.5B | $8.2B | ||
| Q3 25 | $2.4B | $7.6B | ||
| Q2 25 | $2.2B | $6.3B | ||
| Q1 25 | $1.9B | $5.8B | ||
| Q4 24 | $1.8B | $5.9B | ||
| Q3 24 | $1.9B | $5.8B | ||
| Q2 24 | $1.9B | $5.7B | ||
| Q1 24 | $1.9B | $5.7B |
负债/权益比MODONC
| Q4 25 | 0.51× | 0.19× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.53× | — |
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 | $24.7M | $417.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $379.8M |
| 自由现金流率自由现金流/营收 | -2.1% | 25.4% |
| 资本支出强度资本支出/营收 | 5.2% | 2.5% |
| 现金转化率经营现金流/净利润 | — | 6.28× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $941.7M |
8季度趋势，按日历期对齐
经营现金流MODONC
| Q4 25 | $24.7M | $417.3M | ||
| Q3 25 | $1.4M | $402.6M | ||
| Q2 25 | $27.7M | $263.6M | ||
| Q1 25 | $54.8M | $44.1M | ||
| Q4 24 | $60.7M | $75.2M | ||
| Q3 24 | $57.3M | $188.4M | ||
| Q2 24 | $40.5M | $-95.6M | ||
| Q1 24 | $39.6M | $-308.6M |
自由现金流MODONC
| Q4 25 | $-17.1M | $379.8M | ||
| Q3 25 | $-30.5M | $354.5M | ||
| Q2 25 | $200.0K | $219.8M | ||
| Q1 25 | $27.1M | $-12.3M | ||
| Q4 24 | $44.7M | $-17.3M | ||
| Q3 24 | $43.8M | $54.7M | ||
| Q2 24 | $13.7M | $-205.5M | ||
| Q1 24 | $-4.3M | $-465.1M |
自由现金流率MODONC
| Q4 25 | -2.1% | 25.4% | ||
| Q3 25 | -4.1% | 25.1% | ||
| Q2 25 | 0.0% | 16.7% | ||
| Q1 25 | 4.2% | -1.1% | ||
| Q4 24 | 7.2% | -1.5% | ||
| Q3 24 | 6.7% | 5.5% | ||
| Q2 24 | 2.1% | -22.1% | ||
| Q1 24 | -0.7% | -61.9% |
资本支出强度MODONC
| Q4 25 | 5.2% | 2.5% | ||
| Q3 25 | 4.3% | 3.4% | ||
| Q2 25 | 4.0% | 3.3% | ||
| Q1 25 | 4.3% | 5.0% | ||
| Q4 24 | 2.6% | 8.2% | ||
| Q3 24 | 2.1% | 13.3% | ||
| Q2 24 | 4.1% | 11.8% | ||
| Q1 24 | 7.3% | 20.8% |
现金转化率MODONC
| Q4 25 | — | 6.28× | ||
| Q3 25 | 0.03× | 3.22× | ||
| Q2 25 | 0.54× | 2.79× | ||
| Q1 25 | 1.10× | 34.71× | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | — |
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
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
ONC
暂无分部数据
