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摩丁制造（MOD）与Vestis Corp（VSTS）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Vestis Corp的1.2倍（$805.0M vs $663.4M），Vestis Corp净利率更高（-1.0% vs -5.9%，领先4.9%），摩丁制造同比增速更快（30.5% vs -3.0%），Vestis Corp自由现金流更多（$28.3M vs $-17.1M），过去两年摩丁制造的营收复合增速更高（15.5% vs -3.0%）
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。
Vestis Corp是北美领先的工作制服、安全防护服饰及配套设施服务供应商，服务覆盖医疗、制造、零售、餐饮住宿、公共服务等多个领域，为企业客户提供定制化的制服租赁、清洁与日常维护解决方案。
MOD vs VSTS — 直观对比
营收规模更大
MOD
是对方的1.2倍
$663.4M
营收增速更快
MOD
高出33.5%
-3.0%
净利率更高
VSTS
高出4.9%
-5.9%
自由现金流更多
VSTS
多$45.4M
$-17.1M
两年增速更快
MOD
近两年复合增速
-3.0%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $805.0M | $663.4M |
| 净利润 | $-47.4M | $-6.4M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 11.1% | 2.5% |
| 净利率 | -5.9% | -1.0% |
| 营收同比 | 30.5% | -3.0% |
| 净利润同比 | -215.6% | -868.1% |
| 每股收益（稀释后） | $-0.90 | $-0.05 |
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MODVSTS
| Q1 26 | — | $663.4M | ||
| Q4 25 | $805.0M | $712.0M | ||
| Q3 25 | $738.9M | — | ||
| Q2 25 | $682.8M | $673.8M | ||
| Q1 25 | $647.2M | $665.2M | ||
| Q4 24 | $616.8M | $683.8M | ||
| Q3 24 | $658.0M | $684.3M | ||
| Q2 24 | $661.5M | $698.2M |
净利润MODVSTS
| Q1 26 | — | $-6.4M | ||
| Q4 25 | $-47.4M | $-12.5M | ||
| Q3 25 | $44.4M | — | ||
| Q2 25 | $51.2M | $-676.0K | ||
| Q1 25 | $49.6M | $-27.8M | ||
| Q4 24 | $41.0M | $832.0K | ||
| Q3 24 | $46.1M | $-2.3M | ||
| Q2 24 | $47.3M | $5.0M |
毛利率MODVSTS
| 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MODVSTS
| Q1 26 | — | 2.5% | ||
| Q4 25 | 11.1% | 2.5% | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 11.1% | 3.7% | ||
| Q1 25 | 11.5% | -1.3% | ||
| Q4 24 | 9.6% | 4.4% | ||
| Q3 24 | 11.4% | 4.4% | ||
| Q2 24 | 11.2% | 5.4% |
净利率MODVSTS
| Q1 26 | — | -1.0% | ||
| Q4 25 | -5.9% | -1.8% | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 7.5% | -0.1% | ||
| Q1 25 | 7.7% | -4.2% | ||
| Q4 24 | 6.6% | 0.1% | ||
| Q3 24 | 7.0% | -0.3% | ||
| Q2 24 | 7.2% | 0.7% |
每股收益（稀释后）MODVSTS
| Q1 26 | — | $-0.05 | ||
| Q4 25 | $-0.90 | $-0.10 | ||
| Q3 25 | $0.83 | — | ||
| Q2 25 | $0.95 | $-0.01 | ||
| Q1 25 | $0.92 | $-0.21 | ||
| Q4 24 | $0.76 | $0.01 | ||
| Q3 24 | $0.86 | $-0.02 | ||
| Q2 24 | $0.88 | $0.04 |
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 | $41.5M |
| 总债务越低越好 | $570.7M | — |
| 股东权益账面价值 | $1.1B | $864.4M |
| 总资产 | $2.5B | $2.9B |
| 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MODVSTS
| Q1 26 | — | $41.5M | ||
| Q4 25 | $98.7M | $29.7M | ||
| Q3 25 | $83.8M | — | ||
| Q2 25 | $124.5M | $23.7M | ||
| Q1 25 | $71.6M | $28.8M | ||
| Q4 24 | $83.8M | $18.6M | ||
| Q3 24 | $78.6M | $31.0M | ||
| Q2 24 | $72.9M | $29.1M |
总债务MODVSTS
| Q1 26 | — | — | ||
| Q4 25 | $570.7M | $1.2B | ||
| Q3 25 | $525.8M | — | ||
| Q2 25 | $482.1M | — | ||
| Q1 25 | $296.7M | — | ||
| Q4 24 | $330.0M | — | ||
| Q3 24 | $359.1M | $1.2B | ||
| Q2 24 | $405.7M | — |
股东权益MODVSTS
| Q1 26 | — | $864.4M | ||
| Q4 25 | $1.1B | $865.6M | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.0B | $882.2M | ||
| Q1 25 | $910.2M | $876.3M | ||
| Q4 24 | $855.1M | $899.6M | ||
| Q3 24 | $858.8M | $903.1M | ||
| Q2 24 | $788.4M | $901.2M |
总资产MODVSTS
| Q1 26 | — | $2.9B | ||
| Q4 25 | $2.5B | $2.9B | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.2B | $2.9B | ||
| Q1 25 | $1.9B | $2.9B | ||
| Q4 24 | $1.8B | $2.9B | ||
| Q3 24 | $1.9B | $2.9B | ||
| Q2 24 | $1.9B | $3.1B |
负债/权益比MODVSTS
| Q1 26 | — | — | ||
| Q4 25 | 0.51× | 1.35× | ||
| Q3 25 | 0.50× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.33× | — | ||
| Q4 24 | 0.39× | — | ||
| Q3 24 | 0.42× | 1.29× | ||
| Q2 24 | 0.51× | — |
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 | $37.7M |
| 自由现金流经营现金流 - 资本支出 | $-17.1M | $28.3M |
| 自由现金流率自由现金流/营收 | -2.1% | 4.3% |
| 资本支出强度资本支出/营收 | 5.2% | 1.4% |
| 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 | $45.0M |
8季度趋势，按日历期对齐
经营现金流MODVSTS
| Q1 26 | — | $37.7M | ||
| Q4 25 | $24.7M | $30.9M | ||
| Q3 25 | $1.4M | — | ||
| Q2 25 | $27.7M | $22.9M | ||
| Q1 25 | $54.8M | $6.7M | ||
| Q4 24 | $60.7M | $3.8M | ||
| Q3 24 | $57.3M | $295.6M | ||
| Q2 24 | $40.5M | $48.7M |
自由现金流MODVSTS
| Q1 26 | — | $28.3M | ||
| Q4 25 | $-17.1M | $15.6M | ||
| Q3 25 | $-30.5M | — | ||
| Q2 25 | $200.0K | $8.0M | ||
| Q1 25 | $27.1M | $-6.9M | ||
| Q4 24 | $44.7M | $-11.0M | ||
| Q3 24 | $43.8M | $267.5M | ||
| Q2 24 | $13.7M | $27.7M |
自由现金流率MODVSTS
| Q1 26 | — | 4.3% | ||
| Q4 25 | -2.1% | 2.2% | ||
| Q3 25 | -4.1% | — | ||
| Q2 25 | 0.0% | 1.2% | ||
| Q1 25 | 4.2% | -1.0% | ||
| Q4 24 | 7.2% | -1.6% | ||
| Q3 24 | 6.7% | 39.1% | ||
| Q2 24 | 2.1% | 4.0% |
资本支出强度MODVSTS
| Q1 26 | — | 1.4% | ||
| Q4 25 | 5.2% | 2.2% | ||
| Q3 25 | 4.3% | — | ||
| Q2 25 | 4.0% | 2.2% | ||
| Q1 25 | 4.3% | 2.0% | ||
| Q4 24 | 2.6% | 2.2% | ||
| Q3 24 | 2.1% | 4.1% | ||
| Q2 24 | 4.1% | 3.0% |
现金转化率MODVSTS
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.48× | 4.54× | ||
| Q3 24 | 1.24× | — | ||
| Q2 24 | 0.86× | 9.66× |
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% |
VSTS
| Workplace Supplies | $375.2M | 57% |
| Uniforms | $227.7M | 34% |
| Other | $60.5M | 9% |
