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摩丁制造（MOD）与OPEN TEXT CORP（OTEX）财务数据对比。点击上方公司名可切换其他公司
OPEN TEXT CORP的季度营收约是摩丁制造的1.6倍（$1.3B vs $805.0M），OPEN TEXT CORP净利率更高（13.5% vs -5.9%，领先19.4%），摩丁制造同比增速更快（30.5% vs 2.2%），OPEN TEXT CORP自由现金流更多（$305.0M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs -3.0%）
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。
Open Text Corporation是全球知名的跨国软件企业，专注于信息管理类软件的研发与销售，业务覆盖全球众多国家和地区，可为各行业客户提供成熟的信息管理解决方案，助力企业高效管理数据资产，推进数字化转型落地。
MOD vs OTEX — 直观对比
营收规模更大
OTEX
是对方的1.6倍
$805.0M
营收增速更快
MOD
高出28.3%
2.2%
净利率更高
OTEX
高出19.4%
-5.9%
自由现金流更多
OTEX
多$322.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
-3.0%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.3B |
| 净利润 | $-47.4M | $172.7M |
| 毛利率 | 23.1% | 73.1% |
| 营业利润率 | 11.1% | 15.7% |
| 净利率 | -5.9% | 13.5% |
| 营收同比 | 30.5% | 2.2% |
| 净利润同比 | -215.6% | — |
| 每股收益（稀释后） | $-0.90 | $0.70 |
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MODOTEX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $805.0M | $1.3B | ||
| Q3 25 | $738.9M | $1.3B | ||
| Q2 25 | $682.8M | $1.3B | ||
| Q1 25 | $647.2M | $1.3B | ||
| Q4 24 | $616.8M | $1.3B | ||
| Q3 24 | $658.0M | $1.3B | ||
| Q2 24 | $661.5M | $1.4B |
净利润MODOTEX
| Q1 26 | — | $172.7M | ||
| Q4 25 | $-47.4M | $168.1M | ||
| Q3 25 | $44.4M | $146.6M | ||
| Q2 25 | $51.2M | $28.8M | ||
| Q1 25 | $49.6M | $92.8M | ||
| Q4 24 | $41.0M | $229.9M | ||
| Q3 24 | $46.1M | $84.4M | ||
| Q2 24 | $47.3M | $248.2M |
毛利率MODOTEX
| Q1 26 | — | 73.1% | ||
| Q4 25 | 23.1% | 74.0% | ||
| Q3 25 | 22.3% | 72.8% | ||
| Q2 25 | 24.2% | 72.3% | ||
| Q1 25 | 25.6% | 71.6% | ||
| Q4 24 | 24.3% | 73.3% | ||
| Q3 24 | 25.2% | 71.7% | ||
| Q2 24 | 24.6% | 72.5% |
营业利润率MODOTEX
| Q1 26 | — | 15.7% | ||
| Q4 25 | 11.1% | 22.0% | ||
| Q3 25 | 9.9% | 21.0% | ||
| Q2 25 | 11.1% | 13.9% | ||
| Q1 25 | 11.5% | 16.7% | ||
| Q4 24 | 9.6% | 22.2% | ||
| Q3 24 | 11.4% | 16.3% | ||
| Q2 24 | 11.2% | 14.2% |
净利率MODOTEX
| Q1 26 | — | 13.5% | ||
| Q4 25 | -5.9% | 12.7% | ||
| Q3 25 | 6.0% | 11.4% | ||
| Q2 25 | 7.5% | 2.2% | ||
| Q1 25 | 7.7% | 7.4% | ||
| Q4 24 | 6.6% | 17.2% | ||
| Q3 24 | 7.0% | 6.6% | ||
| Q2 24 | 7.2% | 18.2% |
每股收益（稀释后）MODOTEX
| Q1 26 | — | $0.70 | ||
| Q4 25 | $-0.90 | $0.66 | ||
| Q3 25 | $0.83 | $0.58 | ||
| Q2 25 | $0.95 | $0.11 | ||
| Q1 25 | $0.92 | $0.35 | ||
| Q4 24 | $0.76 | $0.87 | ||
| Q3 24 | $0.86 | $0.32 | ||
| Q2 24 | $0.88 | $0.91 |
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 | $1.3B |
| 总债务越低越好 | $570.7M | $6.2B |
| 股东权益账面价值 | $1.1B | $4.0B |
| 总资产 | $2.5B | $13.3B |
| 负债/权益比越低杠杆越低 | 0.51× | 1.57× |
8季度趋势，按日历期对齐
现金及短期投资MODOTEX
| Q1 26 | — | $1.3B | ||
| Q4 25 | $98.7M | $1.3B | ||
| Q3 25 | $83.8M | $1.1B | ||
| Q2 25 | $124.5M | $1.2B | ||
| Q1 25 | $71.6M | $1.3B | ||
| Q4 24 | $83.8M | $1.1B | ||
| Q3 24 | $78.6M | $1.0B | ||
| Q2 24 | $72.9M | $1.3B |
总债务MODOTEX
| Q1 26 | — | $6.2B | ||
| Q4 25 | $570.7M | $6.4B | ||
| Q3 25 | $525.8M | $6.4B | ||
| Q2 25 | $482.1M | $6.4B | ||
| Q1 25 | $296.7M | $6.4B | ||
| Q4 24 | $330.0M | $6.4B | ||
| Q3 24 | $359.1M | $6.4B | ||
| Q2 24 | $405.7M | $6.4B |
股东权益MODOTEX
| Q1 26 | — | $4.0B | ||
| Q4 25 | $1.1B | $4.0B | ||
| Q3 25 | $1.1B | $4.0B | ||
| Q2 25 | $1.0B | $3.9B | ||
| Q1 25 | $910.2M | $4.1B | ||
| Q4 24 | $855.1M | $4.2B | ||
| Q3 24 | $858.8M | $4.1B | ||
| Q2 24 | $788.4M | $4.2B |
总资产MODOTEX
| Q1 26 | — | $13.3B | ||
| Q4 25 | $2.5B | $13.6B | ||
| Q3 25 | $2.4B | $13.5B | ||
| Q2 25 | $2.2B | $13.8B | ||
| Q1 25 | $1.9B | $13.8B | ||
| Q4 24 | $1.8B | $13.7B | ||
| Q3 24 | $1.9B | $13.8B | ||
| Q2 24 | $1.9B | $14.2B |
负债/权益比MODOTEX
| Q1 26 | — | 1.57× | ||
| Q4 25 | 0.51× | 1.58× | ||
| Q3 25 | 0.50× | 1.61× | ||
| Q2 25 | 0.48× | 1.62× | ||
| Q1 25 | 0.33× | 1.55× | ||
| Q4 24 | 0.39× | 1.51× | ||
| Q3 24 | 0.42× | 1.55× | ||
| Q2 24 | 0.51× | 1.52× |
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 | $354.6M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $305.0M |
| 自由现金流率自由现金流/营收 | -2.1% | 23.8% |
| 资本支出强度资本支出/营收 | 5.2% | 3.9% |
| 现金转化率经营现金流/净利润 | — | 2.05× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $809.6M |
8季度趋势，按日历期对齐
经营现金流MODOTEX
| Q1 26 | — | $354.6M | ||
| Q4 25 | $24.7M | $318.7M | ||
| Q3 25 | $1.4M | $147.8M | ||
| Q2 25 | $27.7M | $158.2M | ||
| Q1 25 | $54.8M | $402.2M | ||
| Q4 24 | $60.7M | $348.0M | ||
| Q3 24 | $57.3M | $-77.8M | ||
| Q2 24 | $40.5M | $185.2M |
自由现金流MODOTEX
| Q1 26 | — | $305.0M | ||
| Q4 25 | $-17.1M | $279.4M | ||
| Q3 25 | $-30.5M | $101.2M | ||
| Q2 25 | $200.0K | $124.0M | ||
| Q1 25 | $27.1M | $373.8M | ||
| Q4 24 | $44.7M | $306.7M | ||
| Q3 24 | $43.8M | $-117.1M | ||
| Q2 24 | $13.7M | $145.2M |
自由现金流率MODOTEX
| Q1 26 | — | 23.8% | ||
| Q4 25 | -2.1% | 21.1% | ||
| Q3 25 | -4.1% | 7.9% | ||
| Q2 25 | 0.0% | 9.5% | ||
| Q1 25 | 4.2% | 29.8% | ||
| Q4 24 | 7.2% | 23.0% | ||
| Q3 24 | 6.7% | -9.2% | ||
| Q2 24 | 2.1% | 10.7% |
资本支出强度MODOTEX
| Q1 26 | — | 3.9% | ||
| Q4 25 | 5.2% | 3.0% | ||
| Q3 25 | 4.3% | 3.6% | ||
| Q2 25 | 4.0% | 2.6% | ||
| Q1 25 | 4.3% | 2.3% | ||
| Q4 24 | 2.6% | 3.1% | ||
| Q3 24 | 2.1% | 3.1% | ||
| Q2 24 | 4.1% | 2.9% |
现金转化率MODOTEX
| Q1 26 | — | 2.05× | ||
| Q4 25 | — | 1.90× | ||
| Q3 25 | 0.03× | 1.01× | ||
| Q2 25 | 0.54× | 5.49× | ||
| Q1 25 | 1.10× | 4.33× | ||
| Q4 24 | 1.48× | 1.51× | ||
| Q3 24 | 1.24× | -0.92× | ||
| Q2 24 | 0.86× | 0.75× |
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% |
OTEX
| Customer support | $564.8M | 44% |
| Cloud services and subscriptions | $492.9M | 38% |
| License | $145.1M | 11% |
| Professional service and other | $79.6M | 6% |
