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摩丁制造（MOD）与SLM Corp（SLM）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SLM Corp的1.4倍（$805.0M vs $560.0M），SLM Corp净利率更高（55.0% vs -5.9%，领先60.9%），过去两年SLM Corp的营收复合增速更高（22.7% 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。
尼康旗下SLM Solutions AG总部位于德国吕贝克，是金属3D打印机领域的上市生产商，共同拥有SLM文字商标，集团股份自2014年5月9日起在法兰克福证券交易所高级市场板块挂牌交易。
MOD vs SLM — 直观对比
营收规模更大
MOD
是对方的1.4倍
$560.0M
净利率更高
SLM
高出60.9%
-5.9%
两年增速更快
SLM
近两年复合增速
15.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $560.0M |
| 净利润 | $-47.4M | $308.0M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 11.1% | 69.6% |
| 净利率 | -5.9% | 55.0% |
| 营收同比 | 30.5% | — |
| 净利润同比 | -215.6% | 1.0% |
| 每股收益（稀释后） | $-0.90 | $1.54 |
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MODSLM
| Q1 26 | — | $560.0M | ||
| Q4 25 | $805.0M | $377.1M | ||
| Q3 25 | $738.9M | $373.0M | ||
| Q2 25 | $682.8M | $376.8M | ||
| Q1 25 | $647.2M | $375.0M | ||
| Q4 24 | $616.8M | $362.2M | ||
| Q3 24 | $658.0M | $359.4M | ||
| Q2 24 | $661.5M | $372.2M |
净利润MODSLM
| Q1 26 | — | $308.0M | ||
| Q4 25 | $-47.4M | $233.2M | ||
| Q3 25 | $44.4M | $135.8M | ||
| Q2 25 | $51.2M | $71.3M | ||
| Q1 25 | $49.6M | $304.5M | ||
| Q4 24 | $41.0M | $111.6M | ||
| Q3 24 | $46.1M | $-45.2M | ||
| Q2 24 | $47.3M | $252.0M |
毛利率MODSLM
| Q1 26 | — | — | ||
| 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% | — |
营业利润率MODSLM
| Q1 26 | — | 69.6% | ||
| Q4 25 | 11.1% | 83.8% | ||
| Q3 25 | 9.9% | 49.8% | ||
| Q2 25 | 11.1% | 23.3% | ||
| Q1 25 | 11.5% | — | ||
| Q4 24 | 9.6% | 36.5% | ||
| Q3 24 | 11.4% | -16.6% | ||
| Q2 24 | 11.2% | 91.0% |
净利率MODSLM
| Q1 26 | — | 55.0% | ||
| Q4 25 | -5.9% | 61.8% | ||
| Q3 25 | 6.0% | 36.4% | ||
| Q2 25 | 7.5% | 18.9% | ||
| Q1 25 | 7.7% | 81.2% | ||
| Q4 24 | 6.6% | 30.8% | ||
| Q3 24 | 7.0% | -12.6% | ||
| Q2 24 | 7.2% | 67.7% |
每股收益（稀释后）MODSLM
| Q1 26 | — | $1.54 | ||
| Q4 25 | $-0.90 | $1.11 | ||
| Q3 25 | $0.83 | $0.63 | ||
| Q2 25 | $0.95 | $0.32 | ||
| Q1 25 | $0.92 | $1.40 | ||
| Q4 24 | $0.76 | $0.53 | ||
| Q3 24 | $0.86 | $-0.23 | ||
| Q2 24 | $0.88 | $1.11 |
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 | $5.2B |
| 总债务越低越好 | $570.7M | $6.2B |
| 股东权益账面价值 | $1.1B | $2.4B |
| 总资产 | $2.5B | $29.4B |
| 负债/权益比越低杠杆越低 | 0.51× | 2.53× |
8季度趋势，按日历期对齐
现金及短期投资MODSLM
| Q1 26 | — | $5.2B | ||
| Q4 25 | $98.7M | $4.2B | ||
| Q3 25 | $83.8M | $3.5B | ||
| Q2 25 | $124.5M | $4.1B | ||
| Q1 25 | $71.6M | $3.7B | ||
| Q4 24 | $83.8M | $4.7B | ||
| Q3 24 | $78.6M | $4.5B | ||
| Q2 24 | $72.9M | $5.3B |
总债务MODSLM
| Q1 26 | — | $6.2B | ||
| Q4 25 | $570.7M | $5.4B | ||
| Q3 25 | $525.8M | $6.8B | ||
| Q2 25 | $482.1M | $6.4B | ||
| Q1 25 | $296.7M | $6.1B | ||
| Q4 24 | $330.0M | $6.4B | ||
| Q3 24 | $359.1M | $6.0B | ||
| Q2 24 | $405.7M | $5.4B |
股东权益MODSLM
| Q1 26 | — | $2.4B | ||
| Q4 25 | $1.1B | $2.5B | ||
| Q3 25 | $1.1B | $2.3B | ||
| Q2 25 | $1.0B | $2.4B | ||
| Q1 25 | $910.2M | $2.4B | ||
| Q4 24 | $855.1M | $2.2B | ||
| Q3 24 | $858.8M | $2.1B | ||
| Q2 24 | $788.4M | $2.3B |
总资产MODSLM
| Q1 26 | — | $29.4B | ||
| Q4 25 | $2.5B | $29.7B | ||
| Q3 25 | $2.4B | $29.6B | ||
| Q2 25 | $2.2B | $29.6B | ||
| Q1 25 | $1.9B | $28.9B | ||
| Q4 24 | $1.8B | $30.1B | ||
| Q3 24 | $1.9B | $30.0B | ||
| Q2 24 | $1.9B | $28.8B |
负债/权益比MODSLM
| Q1 26 | — | 2.53× | ||
| Q4 25 | 0.51× | 2.19× | ||
| Q3 25 | 0.50× | 2.92× | ||
| Q2 25 | 0.48× | 2.70× | ||
| Q1 25 | 0.33× | 2.56× | ||
| Q4 24 | 0.39× | 2.98× | ||
| Q3 24 | 0.42× | 2.83× | ||
| Q2 24 | 0.51× | 2.37× |
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 | — |
| 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 | — | — |
| 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MODSLM
| Q1 26 | — | — | ||
| Q4 25 | $24.7M | $-64.5M | ||
| Q3 25 | $1.4M | $-49.3M | ||
| Q2 25 | $27.7M | $-138.7M | ||
| Q1 25 | $54.8M | $-146.1M | ||
| Q4 24 | $60.7M | $4.5M | ||
| Q3 24 | $57.3M | $-113.4M | ||
| Q2 24 | $40.5M | $-143.8M |
自由现金流MODSLM
| Q1 26 | — | — | ||
| 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 | — |
自由现金流率MODSLM
| Q1 26 | — | — | ||
| 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% | — |
资本支出强度MODSLM
| Q1 26 | — | — | ||
| 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% | — |
现金转化率MODSLM
| Q1 26 | — | — | ||
| Q4 25 | — | -0.28× | ||
| Q3 25 | 0.03× | -0.36× | ||
| Q2 25 | 0.54× | -1.95× | ||
| Q1 25 | 1.10× | -0.48× | ||
| Q4 24 | 1.48× | 0.04× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | -0.57× |
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% |
SLM
| Net Interest Income | $375.0M | 67% |
| Noninterest Income | $185.0M | 33% |
