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摩丁制造（MOD）与百利高（PRGO）财务数据对比。点击上方公司名可切换其他公司
百利高的季度营收约是摩丁制造的1.4倍（$1.1B vs $805.0M），摩丁制造净利率更高（-5.9% vs -127.8%，领先121.9%），摩丁制造同比增速更快（30.5% vs -2.5%），百利高自由现金流更多（$148.6M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 1.3%）
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。
百利高（Perrigo）是一家注册于爱尔兰的非处方仿制药生产商，主打自有品牌OTC药品业务。公司70%的净销售额来自美国医疗市场，为优化税务布局将法定总部设在爱尔兰，该地区销售额仅占总营收的0.6%，2013年曾完成美国历史上第六大企业税收倒置交易。
MOD vs PRGO — 直观对比
营收规模更大
PRGO
是对方的1.4倍
$805.0M
营收增速更快
MOD
高出33.0%
-2.5%
净利率更高
MOD
高出121.9%
-127.8%
自由现金流更多
PRGO
多$165.7M
$-17.1M
两年增速更快
MOD
近两年复合增速
1.3%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.1B |
| 净利润 | $-47.4M | $-1.4B |
| 毛利率 | 23.1% | 32.6% |
| 营业利润率 | 11.1% | -116.0% |
| 净利率 | -5.9% | -127.8% |
| 营收同比 | 30.5% | -2.5% |
| 净利润同比 | -215.6% | -3093.9% |
| 每股收益（稀释后） | $-0.90 | $-10.23 |
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MODPRGO
| Q4 25 | $805.0M | $1.1B | ||
| Q3 25 | $738.9M | $1.0B | ||
| Q2 25 | $682.8M | $1.1B | ||
| Q1 25 | $647.2M | $1.0B | ||
| Q4 24 | $616.8M | $1.1B | ||
| Q3 24 | $658.0M | $1.1B | ||
| Q2 24 | $661.5M | $1.1B | ||
| Q1 24 | $603.5M | $1.1B |
净利润MODPRGO
| Q4 25 | $-47.4M | $-1.4B | ||
| Q3 25 | $44.4M | $7.5M | ||
| Q2 25 | $51.2M | $-8.4M | ||
| Q1 25 | $49.6M | $-6.4M | ||
| Q4 24 | $41.0M | $-44.4M | ||
| Q3 24 | $46.1M | $-21.0M | ||
| Q2 24 | $47.3M | $-108.4M | ||
| Q1 24 | $25.8M | $2.0M |
毛利率MODPRGO
| Q4 25 | 23.1% | 32.6% | ||
| Q3 25 | 22.3% | 36.1% | ||
| Q2 25 | 24.2% | 34.4% | ||
| Q1 25 | 25.6% | 37.6% | ||
| Q4 24 | 24.3% | 33.9% | ||
| Q3 24 | 25.2% | 37.2% | ||
| Q2 24 | 24.6% | 37.0% | ||
| Q1 24 | 22.4% | 33.1% |
营业利润率MODPRGO
| Q4 25 | 11.1% | -116.0% | ||
| Q3 25 | 9.9% | 7.0% | ||
| Q2 25 | 11.1% | 4.3% | ||
| Q1 25 | 11.5% | 4.5% | ||
| Q4 24 | 9.6% | 10.0% | ||
| Q3 24 | 11.4% | 7.4% | ||
| Q2 24 | 11.2% | -2.5% | ||
| Q1 24 | 7.8% | -5.1% |
净利率MODPRGO
| Q4 25 | -5.9% | -127.8% | ||
| Q3 25 | 6.0% | 0.7% | ||
| Q2 25 | 7.5% | -0.8% | ||
| Q1 25 | 7.7% | -0.6% | ||
| Q4 24 | 6.6% | -3.9% | ||
| Q3 24 | 7.0% | -1.9% | ||
| Q2 24 | 7.2% | -10.2% | ||
| Q1 24 | 4.3% | 0.2% |
每股收益（稀释后）MODPRGO
| Q4 25 | $-0.90 | $-10.23 | ||
| Q3 25 | $0.83 | $0.05 | ||
| Q2 25 | $0.95 | $-0.06 | ||
| Q1 25 | $0.92 | $-0.05 | ||
| Q4 24 | $0.76 | $-0.32 | ||
| Q3 24 | $0.86 | $-0.15 | ||
| Q2 24 | $0.88 | $-0.79 | ||
| Q1 24 | $0.48 | $0.01 |
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 | — |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $2.9B |
| 总资产 | $2.5B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.51× | — |
8季度趋势，按日历期对齐
现金及短期投资MODPRGO
| Q4 25 | $98.7M | — | ||
| Q3 25 | $83.8M | $432.1M | ||
| Q2 25 | $124.5M | $454.2M | ||
| Q1 25 | $71.6M | $409.9M | ||
| Q4 24 | $83.8M | $558.8M | ||
| Q3 24 | $78.6M | $1.5B | ||
| Q2 24 | $72.9M | $542.8M | ||
| Q1 24 | $60.1M | $658.5M |
总债务MODPRGO
| Q4 25 | $570.7M | — | ||
| 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MODPRGO
| Q4 25 | $1.1B | $2.9B | ||
| Q3 25 | $1.1B | $4.4B | ||
| Q2 25 | $1.0B | $4.5B | ||
| Q1 25 | $910.2M | $4.4B | ||
| Q4 24 | $855.1M | $4.3B | ||
| Q3 24 | $858.8M | $4.6B | ||
| Q2 24 | $788.4M | $4.5B | ||
| Q1 24 | $747.6M | $4.7B |
总资产MODPRGO
| Q4 25 | $2.5B | $8.5B | ||
| Q3 25 | $2.4B | $10.1B | ||
| Q2 25 | $2.2B | $10.1B | ||
| Q1 25 | $1.9B | $9.8B | ||
| Q4 24 | $1.8B | $9.6B | ||
| Q3 24 | $1.9B | $11.2B | ||
| Q2 24 | $1.9B | $10.4B | ||
| Q1 24 | $1.9B | $10.6B |
负债/权益比MODPRGO
| Q4 25 | 0.51× | — | ||
| 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 | $175.4M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $148.6M |
| 自由现金流率自由现金流/营收 | -2.1% | 13.4% |
| 资本支出强度资本支出/营收 | 5.2% | 2.4% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $145.1M |
8季度趋势，按日历期对齐
经营现金流MODPRGO
| Q4 25 | $24.7M | $175.4M | ||
| Q3 25 | $1.4M | $51.7M | ||
| Q2 25 | $27.7M | $75.9M | ||
| Q1 25 | $54.8M | $-64.5M | ||
| Q4 24 | $60.7M | $312.6M | ||
| Q3 24 | $57.3M | $42.2M | ||
| Q2 24 | $40.5M | $9.5M | ||
| Q1 24 | $39.6M | $-1.4M |
自由现金流MODPRGO
| Q4 25 | $-17.1M | $148.6M | ||
| Q3 25 | $-30.5M | $29.8M | ||
| Q2 25 | $200.0K | $56.7M | ||
| Q1 25 | $27.1M | $-90.0M | ||
| Q4 24 | $44.7M | $274.9M | ||
| Q3 24 | $43.8M | $15.1M | ||
| Q2 24 | $13.7M | $-18.9M | ||
| Q1 24 | $-4.3M | $-26.5M |
自由现金流率MODPRGO
| Q4 25 | -2.1% | 13.4% | ||
| Q3 25 | -4.1% | 2.9% | ||
| Q2 25 | 0.0% | 5.4% | ||
| Q1 25 | 4.2% | -8.6% | ||
| Q4 24 | 7.2% | 24.2% | ||
| Q3 24 | 6.7% | 1.4% | ||
| Q2 24 | 2.1% | -1.8% | ||
| Q1 24 | -0.7% | -2.4% |
资本支出强度MODPRGO
| Q4 25 | 5.2% | 2.4% | ||
| Q3 25 | 4.3% | 2.1% | ||
| Q2 25 | 4.0% | 1.8% | ||
| Q1 25 | 4.3% | 2.4% | ||
| Q4 24 | 2.6% | 3.3% | ||
| Q3 24 | 2.1% | 2.5% | ||
| Q2 24 | 4.1% | 2.7% | ||
| Q1 24 | 7.3% | 2.3% |
现金转化率MODPRGO
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | 6.89× | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | — | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | — | ||
| Q1 24 | 1.53× | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
