vs
晨星（MORN）与RBC Bearings INC（RBC）财务数据对比。点击上方公司名可切换其他公司
晨星的季度营收约是RBC Bearings INC的1.4倍（$644.8M vs $461.6M），RBC Bearings INC同比增速更快（17.0% vs 10.8%），RBC Bearings INC自由现金流更多（$99.1M vs $53.6M），过去两年晨星的营收复合增速更高（6.2% vs 5.6%）
晨星（Morningstar, Inc.）是总部位于美国伊利诺伊州芝加哥的金融服务机构，由乔·曼苏托于1984年创立，面向全球提供全方位的投资研究、投资管理等专业服务，是全球颇具知名度的投资资讯服务提供商。
该文本实际介绍的并非RBC Bearings，而是美国多佛公司。多佛是一家工业产品综合制造商，1955年成立，总部位于伊利诺伊州当纳斯格罗夫。2021年其业务分为五大板块：工程产品、清洁能源与加注、成像与识别、泵与工艺解决方案、气候与可持续技术，是标普500成分股，在纽约证券交易所上市。
MORN vs RBC — 直观对比
营收规模更大
MORN
是对方的1.4倍
$461.6M
营收增速更快
RBC
高出6.2%
10.8%
自由现金流更多
RBC
多$45.5M
$53.6M
两年增速更快
MORN
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $644.8M | $461.6M |
| 净利润 | — | $67.4M |
| 毛利率 | 62.9% | 44.3% |
| 营业利润率 | 24.2% | 22.3% |
| 净利率 | — | 14.6% |
| 营收同比 | 10.8% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | $2.73 | $2.13 |
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MORNRBC
| Q1 26 | $644.8M | — | ||
| Q4 25 | $641.1M | $461.6M | ||
| Q3 25 | $617.4M | $455.3M | ||
| Q2 25 | $605.1M | $436.0M | ||
| Q1 25 | $581.9M | $437.7M | ||
| Q4 24 | $591.0M | $394.4M | ||
| Q3 24 | $569.4M | $397.9M | ||
| Q2 24 | $571.9M | $406.3M |
净利润MORNRBC
| Q1 26 | — | — | ||
| Q4 25 | $115.1M | $67.4M | ||
| Q3 25 | $91.6M | $60.0M | ||
| Q2 25 | $89.0M | $68.5M | ||
| Q1 25 | $78.5M | $72.7M | ||
| Q4 24 | $116.9M | $57.9M | ||
| Q3 24 | $119.7M | $54.2M | ||
| Q2 24 | $69.1M | $61.4M |
毛利率MORNRBC
| Q1 26 | 62.9% | — | ||
| Q4 25 | 61.1% | 44.3% | ||
| Q3 25 | 60.9% | 44.1% | ||
| Q2 25 | 61.9% | 44.8% | ||
| Q1 25 | 60.2% | 44.2% | ||
| Q4 24 | 60.7% | 44.3% | ||
| Q3 24 | 60.9% | 43.7% | ||
| Q2 24 | 61.1% | 45.3% |
营业利润率MORNRBC
| Q1 26 | 24.2% | — | ||
| Q4 25 | 24.9% | 22.3% | ||
| Q3 25 | 20.7% | 21.5% | ||
| Q2 25 | 20.7% | 23.2% | ||
| Q1 25 | 19.6% | 23.0% | ||
| Q4 24 | 28.5% | 21.7% | ||
| Q3 24 | 20.3% | 21.6% | ||
| Q2 24 | 19.0% | 24.0% |
净利率MORNRBC
| Q1 26 | — | — | ||
| Q4 25 | 18.0% | 14.6% | ||
| Q3 25 | 14.8% | 13.2% | ||
| Q2 25 | 14.7% | 15.7% | ||
| Q1 25 | 13.5% | 16.6% | ||
| Q4 24 | 19.8% | 14.7% | ||
| Q3 24 | 21.0% | 13.6% | ||
| Q2 24 | 12.1% | 15.1% |
每股收益（稀释后）MORNRBC
| Q1 26 | $2.73 | — | ||
| Q4 25 | $2.79 | $2.13 | ||
| Q3 25 | $2.17 | $1.90 | ||
| Q2 25 | $2.09 | $2.17 | ||
| Q1 25 | $1.82 | $2.33 | ||
| Q4 24 | $2.72 | $1.82 | ||
| Q3 24 | $2.77 | $1.65 | ||
| Q2 24 | $1.60 | $1.90 |
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 | $492.8M | $107.6M |
| 总债务越低越好 | $1.7B | $990.2M |
| 股东权益账面价值 | $1.0B | $3.3B |
| 总资产 | $4.0B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.68× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MORNRBC
| Q1 26 | $492.8M | — | ||
| Q4 25 | $528.7M | $107.6M | ||
| Q3 25 | $40.3M | $91.2M | ||
| Q2 25 | $38.1M | $132.9M | ||
| Q1 25 | $47.7M | $36.8M | ||
| Q4 24 | $551.0M | — | ||
| Q3 24 | $48.8M | — | ||
| Q2 24 | $48.0M | $76.8M |
总债务MORNRBC
| Q1 26 | $1.7B | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | $848.9M | $1.1B | ||
| Q2 25 | $838.8M | $915.6M | ||
| Q1 25 | $803.7M | $920.1M | ||
| Q4 24 | $698.6M | — | ||
| Q3 24 | $864.7M | — | ||
| Q2 24 | $899.6M | — |
股东权益MORNRBC
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.2B | $3.3B | ||
| Q3 25 | $1.5B | $3.2B | ||
| Q2 25 | $1.6B | $3.1B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.6B | $2.9B | ||
| Q3 24 | $1.6B | $2.9B | ||
| Q2 24 | $1.4B | $2.8B |
总资产MORNRBC
| Q1 26 | $4.0B | — | ||
| Q4 25 | $3.6B | $5.1B | ||
| Q3 25 | $3.6B | $5.1B | ||
| Q2 25 | $3.6B | $4.8B | ||
| Q1 25 | $3.6B | $4.7B | ||
| Q4 24 | $3.5B | $4.7B | ||
| Q3 24 | $3.6B | $4.7B | ||
| Q2 24 | $3.4B | $4.7B |
负债/权益比MORNRBC
| Q1 26 | 1.68× | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | 0.56× | 0.34× | ||
| Q2 25 | 0.52× | 0.29× | ||
| Q1 25 | 0.50× | 0.30× | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.63× | — |
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 | — | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $53.6M | $99.1M |
| 自由现金流率自由现金流/营收 | 8.3% | 21.5% |
| 资本支出强度资本支出/营收 | 5.9% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $437.4M | — |
8季度趋势，按日历期对齐
经营现金流MORNRBC
| Q1 26 | — | — | ||
| Q4 25 | $204.0M | $122.1M | ||
| Q3 25 | $195.7M | $88.4M | ||
| Q2 25 | $99.0M | $120.0M | ||
| Q1 25 | $91.0M | — | ||
| Q4 24 | $153.4M | $84.0M | ||
| Q3 24 | $191.9M | — | ||
| Q2 24 | $152.7M | $97.4M |
自由现金流MORNRBC
| Q1 26 | $53.6M | — | ||
| Q4 25 | $161.3M | $99.1M | ||
| Q3 25 | $160.1M | $71.7M | ||
| Q2 25 | $62.4M | $104.3M | ||
| Q1 25 | $58.8M | — | ||
| Q4 24 | $112.8M | $73.6M | ||
| Q3 24 | $155.8M | — | ||
| Q2 24 | $120.8M | $88.4M |
自由现金流率MORNRBC
| Q1 26 | 8.3% | — | ||
| Q4 25 | 25.2% | 21.5% | ||
| Q3 25 | 25.9% | 15.7% | ||
| Q2 25 | 10.3% | 23.9% | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | 19.1% | 18.7% | ||
| Q3 24 | 27.4% | — | ||
| Q2 24 | 21.1% | 21.8% |
资本支出强度MORNRBC
| Q1 26 | 5.9% | — | ||
| Q4 25 | 6.7% | 5.0% | ||
| Q3 25 | 5.8% | 3.7% | ||
| Q2 25 | 6.0% | 3.6% | ||
| Q1 25 | 5.5% | 3.2% | ||
| Q4 24 | 6.9% | 2.6% | ||
| Q3 24 | 6.3% | 4.1% | ||
| Q2 24 | 5.6% | 2.2% |
现金转化率MORNRBC
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 1.81× | ||
| Q3 25 | 2.14× | 1.47× | ||
| Q2 25 | 1.11× | 1.75× | ||
| Q1 25 | 1.16× | — | ||
| Q4 24 | 1.31× | 1.45× | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 2.21× | 1.59× |
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
MORN
暂无分部数据
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
