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摩丁制造（MOD）与Tyler Technologies（TYL）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Tyler Technologies的1.3倍（$805.0M vs $613.5M），Tyler Technologies净利率更高（13.2% vs -5.9%，领先19.1%），摩丁制造同比增速更快（30.5% vs 8.6%），Tyler Technologies自由现金流更多（$2.0M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs 6.5%）
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。
Tyler Technologies, Inc.是总部位于美国得克萨斯州普莱诺的科技企业，主营面向美国公共部门提供自研专有软件，目前在全美17个州设有办事处，另在加拿大安大略省多伦多市设有一处办公网点。
MOD vs TYL — 直观对比
营收规模更大
MOD
是对方的1.3倍
$613.5M
营收增速更快
MOD
高出22.0%
8.6%
净利率更高
TYL
高出19.1%
-5.9%
自由现金流更多
TYL
多$19.1M
$-17.1M
两年增速更快
MOD
近两年复合增速
6.5%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $613.5M |
| 净利润 | $-47.4M | $81.2M |
| 毛利率 | 23.1% | 48.3% |
| 营业利润率 | 11.1% | 16.3% |
| 净利率 | -5.9% | 13.2% |
| 营收同比 | 30.5% | 8.6% |
| 净利润同比 | -215.6% | — |
| 每股收益（稀释后） | $-0.90 | $1.88 |
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MODTYL
| Q1 26 | — | $613.5M | ||
| Q4 25 | $805.0M | $575.2M | ||
| Q3 25 | $738.9M | $595.9M | ||
| Q2 25 | $682.8M | $596.1M | ||
| Q1 25 | $647.2M | $565.2M | ||
| Q4 24 | $616.8M | $541.1M | ||
| Q3 24 | $658.0M | $543.3M | ||
| Q2 24 | $661.5M | $541.0M |
净利润MODTYL
| Q1 26 | — | $81.2M | ||
| Q4 25 | $-47.4M | $65.5M | ||
| Q3 25 | $44.4M | $84.4M | ||
| Q2 25 | $51.2M | $84.6M | ||
| Q1 25 | $49.6M | $81.1M | ||
| Q4 24 | $41.0M | $65.2M | ||
| Q3 24 | $46.1M | $75.9M | ||
| Q2 24 | $47.3M | $67.7M |
毛利率MODTYL
| Q1 26 | — | 48.3% | ||
| Q4 25 | 23.1% | 45.5% | ||
| Q3 25 | 22.3% | 47.2% | ||
| Q2 25 | 24.2% | 45.8% | ||
| Q1 25 | 25.6% | 47.3% | ||
| Q4 24 | 24.3% | 43.8% | ||
| Q3 24 | 25.2% | 43.7% | ||
| Q2 24 | 24.6% | 44.0% |
营业利润率MODTYL
| Q1 26 | — | 16.3% | ||
| Q4 25 | 11.1% | 13.0% | ||
| Q3 25 | 9.9% | 16.4% | ||
| Q2 25 | 11.1% | 16.0% | ||
| Q1 25 | 11.5% | 15.8% | ||
| Q4 24 | 9.6% | 13.2% | ||
| Q3 24 | 11.4% | 15.2% | ||
| Q2 24 | 11.2% | 14.4% |
净利率MODTYL
| Q1 26 | — | 13.2% | ||
| Q4 25 | -5.9% | 11.4% | ||
| Q3 25 | 6.0% | 14.2% | ||
| Q2 25 | 7.5% | 14.2% | ||
| Q1 25 | 7.7% | 14.3% | ||
| Q4 24 | 6.6% | 12.1% | ||
| Q3 24 | 7.0% | 14.0% | ||
| Q2 24 | 7.2% | 12.5% |
每股收益（稀释后）MODTYL
| Q1 26 | — | $1.88 | ||
| Q4 25 | $-0.90 | $1.50 | ||
| Q3 25 | $0.83 | $1.93 | ||
| Q2 25 | $0.95 | $1.93 | ||
| Q1 25 | $0.92 | $1.84 | ||
| Q4 24 | $0.76 | $1.48 | ||
| Q3 24 | $0.86 | $1.74 | ||
| Q2 24 | $0.88 | $1.57 |
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 | $346.4M |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $3.6B |
| 总资产 | $2.5B | $4.8B |
| 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MODTYL
| Q1 26 | — | $346.4M | ||
| Q4 25 | $98.7M | $1.1B | ||
| Q3 25 | $83.8M | $950.8M | ||
| Q2 25 | $124.5M | $892.3M | ||
| Q1 25 | $71.6M | $807.4M | ||
| Q4 24 | $83.8M | $768.0M | ||
| Q3 24 | $78.6M | $544.3M | ||
| Q2 24 | $72.9M | $258.0M |
总债务MODTYL
| Q1 26 | — | — | ||
| Q4 25 | $570.7M | $599.7M | ||
| Q3 25 | $525.8M | $599.2M | ||
| Q2 25 | $482.1M | $598.8M | ||
| Q1 25 | $296.7M | $598.4M | ||
| Q4 24 | $330.0M | $597.9M | ||
| Q3 24 | $359.1M | $597.5M | ||
| Q2 24 | $405.7M | $597.1M |
股东权益MODTYL
| Q1 26 | — | $3.6B | ||
| Q4 25 | $1.1B | $3.7B | ||
| Q3 25 | $1.1B | $3.6B | ||
| Q2 25 | $1.0B | $3.6B | ||
| Q1 25 | $910.2M | $3.5B | ||
| Q4 24 | $855.1M | $3.4B | ||
| Q3 24 | $858.8M | $3.3B | ||
| Q2 24 | $788.4M | $3.1B |
总资产MODTYL
| Q1 26 | — | $4.8B | ||
| Q4 25 | $2.5B | $5.6B | ||
| Q3 25 | $2.4B | $5.5B | ||
| Q2 25 | $2.2B | $5.4B | ||
| Q1 25 | $1.9B | $5.2B | ||
| Q4 24 | $1.8B | $5.2B | ||
| Q3 24 | $1.9B | $5.0B | ||
| Q2 24 | $1.9B | $4.8B |
负债/权益比MODTYL
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | 0.16× | ||
| Q3 25 | 0.50× | 0.17× | ||
| Q2 25 | 0.48× | 0.16× | ||
| Q1 25 | 0.33× | 0.17× | ||
| Q4 24 | 0.39× | 0.18× | ||
| Q3 24 | 0.42× | 0.18× | ||
| Q2 24 | 0.51× | 0.19× |
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 | $107.3M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $2.0M |
| 自由现金流率自由现金流/营收 | -2.1% | 0.3% |
| 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 | — | 1.32× |
| 过去12个月自由现金流最近4个季度 | $-20.3M | $585.7M |
8季度趋势，按日历期对齐
经营现金流MODTYL
| Q1 26 | — | $107.3M | ||
| Q4 25 | $24.7M | $243.9M | ||
| Q3 25 | $1.4M | $255.2M | ||
| Q2 25 | $27.7M | $98.3M | ||
| Q1 25 | $54.8M | $56.2M | ||
| Q4 24 | $60.7M | $224.8M | ||
| Q3 24 | $57.3M | $263.7M | ||
| Q2 24 | $40.5M | $64.3M |
自由现金流MODTYL
| Q1 26 | — | $2.0M | ||
| Q4 25 | $-17.1M | $239.6M | ||
| Q3 25 | $-30.5M | $251.3M | ||
| Q2 25 | $200.0K | $92.8M | ||
| Q1 25 | $27.1M | $53.8M | ||
| Q4 24 | $44.7M | $221.0M | ||
| Q3 24 | $43.8M | $260.8M | ||
| Q2 24 | $13.7M | $57.7M |
自由现金流率MODTYL
| Q1 26 | — | 0.3% | ||
| Q4 25 | -2.1% | 41.7% | ||
| Q3 25 | -4.1% | 42.2% | ||
| Q2 25 | 0.0% | 15.6% | ||
| Q1 25 | 4.2% | 9.5% | ||
| Q4 24 | 7.2% | 40.8% | ||
| Q3 24 | 6.7% | 48.0% | ||
| Q2 24 | 2.1% | 10.7% |
资本支出强度MODTYL
| Q1 26 | — | — | ||
| Q4 25 | 5.2% | 0.8% | ||
| Q3 25 | 4.3% | 0.7% | ||
| Q2 25 | 4.0% | 0.9% | ||
| Q1 25 | 4.3% | 0.4% | ||
| Q4 24 | 2.6% | 0.7% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 4.1% | 1.2% |
现金转化率MODTYL
| Q1 26 | — | 1.32× | ||
| Q4 25 | — | 3.72× | ||
| Q3 25 | 0.03× | 3.02× | ||
| Q2 25 | 0.54× | 1.16× | ||
| Q1 25 | 1.10× | 0.69× | ||
| Q4 24 | 1.48× | 3.45× | ||
| Q3 24 | 1.24× | 3.47× | ||
| Q2 24 | 0.86× | 0.95× |
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% |
TYL
| Subscriptions | $429.7M | 70% |
| Maintenance | $108.9M | 18% |
| Other | $74.9M | 12% |
