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摩丁制造（MOD）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
摩丁制造的季度营收约是Royalty Pharma plc的1.3倍（$805.0M vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs -5.9%，领先40.3%），摩丁制造同比增速更快（30.5% vs 4.8%），过去两年摩丁制造的营收复合增速更高（15.5% vs 4.6%）
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。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
MOD vs RPRX — 直观对比
营收规模更大
MOD
是对方的1.3倍
$622.0M
营收增速更快
MOD
高出25.7%
4.8%
净利率更高
RPRX
高出40.3%
-5.9%
两年增速更快
MOD
近两年复合增速
4.6%
损益表 — Q3 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $622.0M |
| 净利润 | $-47.4M | $214.2M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 11.1% | 62.4% |
| 净利率 | -5.9% | 34.4% |
| 营收同比 | 30.5% | 4.8% |
| 净利润同比 | -215.6% | 2.9% |
| 每股收益（稀释后） | $-0.90 | $0.49 |
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MODRPRX
| Q4 25 | $805.0M | $622.0M | ||
| Q3 25 | $738.9M | $609.3M | ||
| Q2 25 | $682.8M | $578.7M | ||
| Q1 25 | $647.2M | $568.2M | ||
| Q4 24 | $616.8M | $593.6M | ||
| Q3 24 | $658.0M | $564.7M | ||
| Q2 24 | $661.5M | $537.3M | ||
| Q1 24 | $603.5M | $568.0M |
净利润MODRPRX
| Q4 25 | $-47.4M | $214.2M | ||
| Q3 25 | $44.4M | $288.2M | ||
| Q2 25 | $51.2M | $30.2M | ||
| Q1 25 | $49.6M | $238.3M | ||
| Q4 24 | $41.0M | $208.2M | ||
| Q3 24 | $46.1M | $544.0M | ||
| Q2 24 | $47.3M | $102.0M | ||
| Q1 24 | $25.8M | $4.8M |
毛利率MODRPRX
| Q4 25 | 23.1% | — | ||
| Q3 25 | 22.3% | — | ||
| Q2 25 | 24.2% | — | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 24.3% | — | ||
| Q3 24 | 25.2% | — | ||
| Q2 24 | 24.6% | — | ||
| Q1 24 | 22.4% | — |
营业利润率MODRPRX
| Q4 25 | 11.1% | 62.4% | ||
| Q3 25 | 9.9% | 70.1% | ||
| Q2 25 | 11.1% | 36.3% | ||
| Q1 25 | 11.5% | 94.0% | ||
| Q4 24 | 9.6% | 60.9% | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | 11.2% | 50.2% | ||
| Q1 24 | 7.8% | -13.0% |
净利率MODRPRX
| Q4 25 | -5.9% | 34.4% | ||
| Q3 25 | 6.0% | 47.3% | ||
| Q2 25 | 7.5% | 5.2% | ||
| Q1 25 | 7.7% | 41.9% | ||
| Q4 24 | 6.6% | 35.1% | ||
| Q3 24 | 7.0% | 96.3% | ||
| Q2 24 | 7.2% | 19.0% | ||
| Q1 24 | 4.3% | 0.8% |
每股收益（稀释后）MODRPRX
| Q4 25 | $-0.90 | $0.49 | ||
| Q3 25 | $0.83 | $0.67 | ||
| Q2 25 | $0.95 | $0.07 | ||
| Q1 25 | $0.92 | $0.55 | ||
| Q4 24 | $0.76 | $0.46 | ||
| Q3 24 | $0.86 | $1.21 | ||
| Q2 24 | $0.88 | $0.23 | ||
| 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 | $618.7M |
| 总债务越低越好 | $570.7M | $9.0B |
| 股东权益账面价值 | $1.1B | $9.7B |
| 总资产 | $2.5B | $19.6B |
| 负债/权益比越低杠杆越低 | 0.51× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资MODRPRX
| Q4 25 | $98.7M | $618.7M | ||
| Q3 25 | $83.8M | $938.9M | ||
| Q2 25 | $124.5M | $631.9M | ||
| Q1 25 | $71.6M | $1.1B | ||
| Q4 24 | $83.8M | $929.0M | ||
| Q3 24 | $78.6M | $950.1M | ||
| Q2 24 | $72.9M | $1.8B | ||
| Q1 24 | $60.1M | $843.0M |
总债务MODRPRX
| Q4 25 | $570.7M | $9.0B | ||
| Q3 25 | $525.8M | $8.9B | ||
| Q2 25 | $482.1M | $8.0B | ||
| Q1 25 | $296.7M | $7.6B | ||
| Q4 24 | $330.0M | $7.6B | ||
| Q3 24 | $359.1M | $7.6B | ||
| Q2 24 | $405.7M | $7.6B | ||
| Q1 24 | $399.9M | $6.1B |
股东权益MODRPRX
| Q4 25 | $1.1B | $9.7B | ||
| Q3 25 | $1.1B | $9.6B | ||
| Q2 25 | $1.0B | $9.5B | ||
| Q1 25 | $910.2M | $9.8B | ||
| Q4 24 | $855.1M | $10.3B | ||
| Q3 24 | $858.8M | $10.3B | ||
| Q2 24 | $788.4M | $9.8B | ||
| Q1 24 | $747.6M | $9.9B |
总资产MODRPRX
| Q4 25 | $2.5B | $19.6B | ||
| Q3 25 | $2.4B | $19.3B | ||
| Q2 25 | $2.2B | $18.3B | ||
| Q1 25 | $1.9B | $17.6B | ||
| Q4 24 | $1.8B | $18.2B | ||
| Q3 24 | $1.9B | $18.0B | ||
| Q2 24 | $1.9B | $17.7B | ||
| Q1 24 | $1.9B | $16.1B |
负债/权益比MODRPRX
| Q4 25 | 0.51× | 0.92× | ||
| Q3 25 | 0.50× | 0.93× | ||
| Q2 25 | 0.48× | 0.84× | ||
| Q1 25 | 0.33× | 0.78× | ||
| Q4 24 | 0.39× | 0.74× | ||
| Q3 24 | 0.42× | 0.74× | ||
| Q2 24 | 0.51× | 0.78× | ||
| Q1 24 | 0.53× | 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 | $24.7M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | — |
| 自由现金流率自由现金流/营收 | -2.1% | — |
| 资本支出强度资本支出/营收 | 5.2% | — |
| 现金转化率经营现金流/净利润 | — | 3.86× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | — |
8季度趋势，按日历期对齐
经营现金流MODRPRX
| Q4 25 | $24.7M | $827.1M | ||
| Q3 25 | $1.4M | $702.6M | ||
| Q2 25 | $27.7M | $364.0M | ||
| Q1 25 | $54.8M | $596.1M | ||
| Q4 24 | $60.7M | $742.5M | ||
| Q3 24 | $57.3M | $703.6M | ||
| Q2 24 | $40.5M | $658.2M | ||
| Q1 24 | $39.6M | $664.6M |
自由现金流MODRPRX
| Q4 25 | $-17.1M | — | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | — | ||
| Q1 25 | $27.1M | — | ||
| Q4 24 | $44.7M | — | ||
| Q3 24 | $43.8M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $-4.3M | — |
自由现金流率MODRPRX
| Q4 25 | -2.1% | — | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 4.2% | — | ||
| Q4 24 | 7.2% | — | ||
| Q3 24 | 6.7% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -0.7% | — |
资本支出强度MODRPRX
| Q4 25 | 5.2% | — | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 4.3% | — | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 7.3% | — |
现金转化率MODRPRX
| Q4 25 | — | 3.86× | ||
| Q3 25 | 0.03× | 2.44× | ||
| Q2 25 | 0.54× | 12.06× | ||
| Q1 25 | 1.10× | 2.50× | ||
| Q4 24 | 1.48× | 3.57× | ||
| Q3 24 | 1.24× | 1.29× | ||
| Q2 24 | 0.86× | 6.45× | ||
| Q1 24 | 1.53× | 139.10× |
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% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
