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MSA Safety Inc（MSA）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是MSA Safety Inc的1.6倍（$828.2M vs $510.9M），MSA Safety Inc净利率更高（17.0% vs 13.2%，领先3.8%），Rithm Capital Corp.同比增速更快（508.5% vs 2.2%），过去两年MSA Safety Inc的营收复合增速更高（11.2% vs -17.9%）
MSA安全是美国专业安全设备生产供应商，面向建筑、军事、消防、化工、油气等存在高危作业场景的多个行业提供安全防护产品及解决方案，总部位于美国匹兹堡近郊的克兰伯里。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
MSA vs RITM — 直观对比
营收规模更大
RITM
是对方的1.6倍
$510.9M
营收增速更快
RITM
高出506.2%
2.2%
净利率更高
MSA
高出3.8%
13.2%
两年增速更快
MSA
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $510.9M | $828.2M |
| 净利润 | $86.9M | $109.5M |
| 毛利率 | 46.9% | — |
| 营业利润率 | 22.3% | 29.9% |
| 净利率 | 17.0% | 13.2% |
| 营收同比 | 2.2% | 508.5% |
| 净利润同比 | -1.2% | 27.7% |
| 每股收益（稀释后） | $2.22 | $0.12 |
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MSARITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $510.9M | $1.5B | ||
| Q3 25 | $468.4M | $1.1B | ||
| Q2 25 | $474.1M | $1.2B | ||
| Q1 25 | $421.3M | $768.4M | ||
| Q4 24 | $499.7M | $2.1B | ||
| Q3 24 | $432.7M | $619.5M | ||
| Q2 24 | $462.5M | $1.2B |
净利润MSARITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $86.9M | $85.0M | ||
| Q3 25 | $69.6M | $221.5M | ||
| Q2 25 | $62.8M | $311.7M | ||
| Q1 25 | $59.6M | $78.8M | ||
| Q4 24 | $87.9M | $290.2M | ||
| Q3 24 | $66.6M | $121.7M | ||
| Q2 24 | $72.2M | $235.6M |
毛利率MSARITM
| Q1 26 | — | — | ||
| Q4 25 | 46.9% | — | ||
| Q3 25 | 46.5% | — | ||
| Q2 25 | 46.6% | — | ||
| Q1 25 | 45.9% | — | ||
| Q4 24 | 46.9% | — | ||
| Q3 24 | 47.9% | — | ||
| Q2 24 | 48.2% | — |
营业利润率MSARITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 22.3% | 13.8% | ||
| Q3 25 | 20.1% | 21.4% | ||
| Q2 25 | 18.1% | 25.2% | ||
| Q1 25 | 18.5% | 7.4% | ||
| Q4 24 | 23.5% | 23.8% | ||
| Q3 24 | 21.1% | 7.3% | ||
| Q2 24 | 21.6% | 23.6% |
净利率MSARITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 17.0% | 5.7% | ||
| Q3 25 | 14.9% | 20.0% | ||
| Q2 25 | 13.2% | 25.6% | ||
| Q1 25 | 14.1% | 10.3% | ||
| Q4 24 | 17.6% | 14.0% | ||
| Q3 24 | 15.4% | 19.7% | ||
| Q2 24 | 15.6% | 19.2% |
每股收益（稀释后）MSARITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $2.22 | $0.09 | ||
| Q3 25 | $1.77 | $0.35 | ||
| Q2 25 | $1.59 | $0.53 | ||
| Q1 25 | $1.51 | $0.07 | ||
| Q4 24 | $2.22 | $0.50 | ||
| Q3 24 | $1.69 | $0.20 | ||
| Q2 24 | $1.83 | $0.43 |
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 | $165.1M | — |
| 总债务越低越好 | $580.9M | — |
| 股东权益账面价值 | $1.4B | $9.1B |
| 总资产 | $2.6B | $53.4B |
| 负债/权益比越低杠杆越低 | 0.42× | — |
8季度趋势，按日历期对齐
现金及短期投资MSARITM
| Q1 26 | — | — | ||
| Q4 25 | $165.1M | $1.8B | ||
| Q3 25 | $170.0M | $1.6B | ||
| Q2 25 | $147.0M | $1.6B | ||
| Q1 25 | $170.6M | $1.5B | ||
| Q4 24 | $164.6M | $1.5B | ||
| Q3 24 | $154.4M | $1.6B | ||
| Q2 24 | $146.8M | $1.2B |
总债务MSARITM
| Q1 26 | — | — | ||
| Q4 25 | $580.9M | $35.4B | ||
| Q3 25 | $628.6M | $32.2B | ||
| Q2 25 | $679.3M | $31.2B | ||
| Q1 25 | $502.1M | $32.2B | ||
| Q4 24 | $508.0M | $32.6B | ||
| Q3 24 | $554.7M | $29.6B | ||
| Q2 24 | $588.2M | $30.1B |
股东权益MSARITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $1.4B | $8.4B | ||
| Q3 25 | $1.3B | $8.5B | ||
| Q2 25 | $1.3B | $7.9B | ||
| Q1 25 | $1.2B | $7.8B | ||
| Q4 24 | $1.1B | $7.8B | ||
| Q3 24 | $1.1B | $7.7B | ||
| Q2 24 | $1.0B | $7.3B |
总资产MSARITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $2.6B | $53.1B | ||
| Q3 25 | $2.6B | $47.2B | ||
| Q2 25 | $2.6B | $44.3B | ||
| Q1 25 | $2.2B | $45.3B | ||
| Q4 24 | $2.2B | $46.0B | ||
| Q3 24 | $2.2B | $42.3B | ||
| Q2 24 | $2.2B | $42.0B |
负债/权益比MSARITM
| Q1 26 | — | — | ||
| Q4 25 | 0.42× | 4.20× | ||
| Q3 25 | 0.48× | 3.79× | ||
| Q2 25 | 0.54× | 3.92× | ||
| Q1 25 | 0.42× | 4.14× | ||
| Q4 24 | 0.44× | 4.18× | ||
| Q3 24 | 0.51× | 3.87× | ||
| Q2 24 | 0.57× | 4.10× |
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 | $122.4M | — |
| 自由现金流经营现金流 - 资本支出 | $106.0M | — |
| 自由现金流率自由现金流/营收 | 20.8% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | 1.41× | — |
| 过去12个月自由现金流最近4个季度 | $295.4M | — |
8季度趋势，按日历期对齐
经营现金流MSARITM
| Q1 26 | — | — | ||
| Q4 25 | $122.4M | $-114.6M | ||
| Q3 25 | $112.5M | $-2.0B | ||
| Q2 25 | $67.2M | $-557.1M | ||
| Q1 25 | $61.8M | $1.4B | ||
| Q4 24 | $107.9M | $-1.8B | ||
| Q3 24 | $84.3M | $768.1M | ||
| Q2 24 | $53.3M | $-55.7M |
自由现金流MSARITM
| Q1 26 | — | — | ||
| Q4 25 | $106.0M | — | ||
| Q3 25 | $100.5M | — | ||
| Q2 25 | $37.9M | — | ||
| Q1 25 | $51.0M | — | ||
| Q4 24 | $93.5M | — | ||
| Q3 24 | $70.1M | — | ||
| Q2 24 | $39.0M | — |
自由现金流率MSARITM
| Q1 26 | — | — | ||
| Q4 25 | 20.8% | — | ||
| Q3 25 | 21.4% | — | ||
| Q2 25 | 8.0% | — | ||
| Q1 25 | 12.1% | — | ||
| Q4 24 | 18.7% | — | ||
| Q3 24 | 16.2% | — | ||
| Q2 24 | 8.4% | — |
资本支出强度MSARITM
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.6% | — | ||
| Q2 25 | 6.2% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.9% | — | ||
| Q3 24 | 3.3% | — | ||
| Q2 24 | 3.1% | — |
现金转化率MSARITM
| Q1 26 | — | — | ||
| Q4 25 | 1.41× | -1.35× | ||
| Q3 25 | 1.62× | -9.22× | ||
| Q2 25 | 1.07× | -1.79× | ||
| Q1 25 | 1.04× | 18.03× | ||
| Q4 24 | 1.23× | -6.04× | ||
| Q3 24 | 1.27× | 6.31× | ||
| Q2 24 | 0.74× | -0.24× |
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
MSA
| Americas Segment | $335.2M | 66% |
| International Segment | $175.7M | 34% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
