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摩丁制造（MOD）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是摩丁制造的1.8倍（$1.4B vs $805.0M），瑞思迈净利率更高（27.6% vs -5.9%，领先33.5%），摩丁制造同比增速更快（30.5% vs 11.0%），瑞思迈自由现金流更多（$311.2M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 9.0%）
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。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
MOD vs RMD — 直观对比
营收规模更大
RMD
是对方的1.8倍
$805.0M
营收增速更快
MOD
高出19.5%
11.0%
净利率更高
RMD
高出33.5%
-5.9%
自由现金流更多
RMD
多$328.3M
$-17.1M
两年增速更快
MOD
近两年复合增速
9.0%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $1.4B |
| 净利润 | $-47.4M | $392.6M |
| 毛利率 | 23.1% | 61.8% |
| 营业利润率 | 11.1% | 34.6% |
| 净利率 | -5.9% | 27.6% |
| 营收同比 | 30.5% | 11.0% |
| 净利润同比 | -215.6% | 13.9% |
| 每股收益（稀释后） | $-0.90 | $2.68 |
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MODRMD
| Q4 25 | $805.0M | $1.4B | ||
| 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 | $1.2B | ||
| Q2 24 | $661.5M | $1.2B | ||
| Q1 24 | $603.5M | $1.2B |
净利润MODRMD
| Q4 25 | $-47.4M | $392.6M | ||
| Q3 25 | $44.4M | $348.5M | ||
| Q2 25 | $51.2M | $379.7M | ||
| Q1 25 | $49.6M | $365.0M | ||
| Q4 24 | $41.0M | $344.6M | ||
| Q3 24 | $46.1M | $311.4M | ||
| Q2 24 | $47.3M | $292.2M | ||
| Q1 24 | $25.8M | $300.5M |
毛利率MODRMD
| Q4 25 | 23.1% | 61.8% | ||
| Q3 25 | 22.3% | 61.5% | ||
| Q2 25 | 24.2% | 60.8% | ||
| Q1 25 | 25.6% | 59.3% | ||
| Q4 24 | 24.3% | 58.6% | ||
| Q3 24 | 25.2% | 58.6% | ||
| Q2 24 | 24.6% | 58.5% | ||
| Q1 24 | 22.4% | 57.9% |
营业利润率MODRMD
| Q4 25 | 11.1% | 34.6% | ||
| Q3 25 | 9.9% | 33.4% | ||
| Q2 25 | 11.1% | 33.7% | ||
| Q1 25 | 11.5% | 33.0% | ||
| Q4 24 | 9.6% | 32.5% | ||
| Q3 24 | 11.4% | 31.6% | ||
| Q2 24 | 11.2% | 31.2% | ||
| Q1 24 | 7.8% | 31.3% |
净利率MODRMD
| Q4 25 | -5.9% | 27.6% | ||
| Q3 25 | 6.0% | 26.1% | ||
| Q2 25 | 7.5% | 28.2% | ||
| Q1 25 | 7.7% | 28.3% | ||
| Q4 24 | 6.6% | 26.9% | ||
| Q3 24 | 7.0% | 25.4% | ||
| Q2 24 | 7.2% | 23.9% | ||
| Q1 24 | 4.3% | 25.1% |
每股收益（稀释后）MODRMD
| Q4 25 | $-0.90 | $2.68 | ||
| Q3 25 | $0.83 | $2.37 | ||
| Q2 25 | $0.95 | $2.58 | ||
| Q1 25 | $0.92 | $2.48 | ||
| Q4 24 | $0.76 | $2.34 | ||
| Q3 24 | $0.86 | $2.11 | ||
| Q2 24 | $0.88 | $1.97 | ||
| Q1 24 | $0.48 | $2.04 |
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 | $1.4B |
| 总债务越低越好 | $570.7M | $403.9M |
| 股东权益账面价值 | $1.1B | $6.3B |
| 总资产 | $2.5B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资MODRMD
| Q4 25 | $98.7M | $1.4B | ||
| Q3 25 | $83.8M | $1.4B | ||
| Q2 25 | $124.5M | $1.2B | ||
| Q1 25 | $71.6M | $932.7M | ||
| Q4 24 | $83.8M | $521.9M | ||
| Q3 24 | $78.6M | $426.4M | ||
| Q2 24 | $72.9M | $238.4M | ||
| Q1 24 | $60.1M | $237.9M |
总债务MODRMD
| Q4 25 | $570.7M | $403.9M | ||
| Q3 25 | $525.8M | $408.7M | ||
| Q2 25 | $482.1M | $658.4M | ||
| Q1 25 | $296.7M | $663.1M | ||
| Q4 24 | $330.0M | $662.9M | ||
| Q3 24 | $359.1M | $667.6M | ||
| Q2 24 | $405.7M | $697.3M | ||
| Q1 24 | $399.9M | $997.0M |
股东权益MODRMD
| Q4 25 | $1.1B | $6.3B | ||
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $1.0B | $6.0B | ||
| Q1 25 | $910.2M | $5.5B | ||
| Q4 24 | $855.1M | $5.3B | ||
| Q3 24 | $858.8M | $5.2B | ||
| Q2 24 | $788.4M | $4.9B | ||
| Q1 24 | $747.6M | $4.6B |
总资产MODRMD
| Q4 25 | $2.5B | $8.5B | ||
| Q3 25 | $2.4B | $8.3B | ||
| Q2 25 | $2.2B | $8.2B | ||
| Q1 25 | $1.9B | $7.6B | ||
| Q4 24 | $1.8B | $7.1B | ||
| Q3 24 | $1.9B | $7.2B | ||
| Q2 24 | $1.9B | $6.9B | ||
| Q1 24 | $1.9B | $6.8B |
负债/权益比MODRMD
| Q4 25 | 0.51× | 0.06× | ||
| Q3 25 | 0.50× | 0.07× | ||
| Q2 25 | 0.48× | 0.11× | ||
| Q1 25 | 0.33× | 0.12× | ||
| Q4 24 | 0.39× | 0.13× | ||
| Q3 24 | 0.42× | 0.13× | ||
| Q2 24 | 0.51× | 0.14× | ||
| Q1 24 | 0.53× | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $311.2M |
| 自由现金流率自由现金流/营收 | -2.1% | 21.9% |
| 资本支出强度资本支出/营收 | 5.2% | 2.0% |
| 现金转化率经营现金流/净利润 | — | 0.87× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $1.8B |
8季度趋势，按日历期对齐
经营现金流MODRMD
| Q4 25 | $24.7M | $339.7M | ||
| Q3 25 | $1.4M | $457.3M | ||
| Q2 25 | $27.7M | $538.8M | ||
| Q1 25 | $54.8M | $578.7M | ||
| Q4 24 | $60.7M | $308.6M | ||
| Q3 24 | $57.3M | $325.5M | ||
| Q2 24 | $40.5M | $440.1M | ||
| Q1 24 | $39.6M | $402.0M |
自由现金流MODRMD
| Q4 25 | $-17.1M | $311.2M | ||
| Q3 25 | $-30.5M | $414.4M | ||
| Q2 25 | $200.0K | $508.2M | ||
| Q1 25 | $27.1M | $557.9M | ||
| Q4 24 | $44.7M | $288.0M | ||
| Q3 24 | $43.8M | $307.7M | ||
| Q2 24 | $13.7M | $415.2M | ||
| Q1 24 | $-4.3M | $380.8M |
自由现金流率MODRMD
| Q4 25 | -2.1% | 21.9% | ||
| Q3 25 | -4.1% | 31.0% | ||
| Q2 25 | 0.0% | 37.7% | ||
| Q1 25 | 4.2% | 43.2% | ||
| Q4 24 | 7.2% | 22.5% | ||
| Q3 24 | 6.7% | 25.1% | ||
| Q2 24 | 2.1% | 33.9% | ||
| Q1 24 | -0.7% | 31.8% |
资本支出强度MODRMD
| Q4 25 | 5.2% | 2.0% | ||
| Q3 25 | 4.3% | 3.2% | ||
| Q2 25 | 4.0% | 2.3% | ||
| Q1 25 | 4.3% | 1.6% | ||
| Q4 24 | 2.6% | 1.6% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 4.1% | 2.0% | ||
| Q1 24 | 7.3% | 1.8% |
现金转化率MODRMD
| Q4 25 | — | 0.87× | ||
| Q3 25 | 0.03× | 1.31× | ||
| Q2 25 | 0.54× | 1.42× | ||
| Q1 25 | 1.10× | 1.59× | ||
| Q4 24 | 1.48× | 0.90× | ||
| Q3 24 | 1.24× | 1.05× | ||
| Q2 24 | 0.86× | 1.51× | ||
| Q1 24 | 1.53× | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
