vs
MSC INDUSTRIAL DIRECT CO INC（MSM）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
瑞思迈的季度营收约是MSC INDUSTRIAL DIRECT CO INC的1.5倍（$1.4B vs $965.7M），瑞思迈净利率更高（27.6% vs 5.4%，领先22.2%），瑞思迈同比增速更快（11.0% vs 4.0%），过去两年瑞思迈的营收复合增速更高（7.9% vs -3.4%）
MSC工业直销公司（MSC）通过旗下主要子公司MSC工业供应公司，是美国规模最大的工业设备分销商之一，可提供超过150万种金属加工及其他工业类产品，广泛服务于工业制造、维修运维等领域的客户需求。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
MSM vs RMD — 直观对比
营收规模更大
RMD
是对方的1.5倍
$965.7M
营收增速更快
RMD
高出7.0%
4.0%
净利率更高
RMD
高出22.2%
5.4%
两年增速更快
RMD
近两年复合增速
-3.4%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $965.7M | $1.4B |
| 净利润 | $51.8M | $392.6M |
| 毛利率 | 40.7% | 61.8% |
| 营业利润率 | 7.9% | 34.6% |
| 净利率 | 5.4% | 27.6% |
| 营收同比 | 4.0% | 11.0% |
| 净利润同比 | 11.1% | 13.9% |
| 每股收益（稀释后） | $0.93 | $2.68 |
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MSMRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $965.7M | $1.4B | ||
| Q3 25 | $978.2M | $1.3B | ||
| Q2 25 | $971.1M | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | $928.5M | $1.3B | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | $979.4M | $1.2B |
净利润MSMRMD
| Q2 26 | — | $392.6M | ||
| Q4 25 | $51.8M | $392.6M | ||
| Q3 25 | $56.5M | $348.5M | ||
| Q2 25 | $56.8M | $379.7M | ||
| Q1 25 | — | $365.0M | ||
| Q4 24 | $46.6M | $344.6M | ||
| Q3 24 | — | $311.4M | ||
| Q2 24 | $71.7M | $292.2M |
毛利率MSMRMD
| Q2 26 | — | 61.8% | ||
| Q4 25 | 40.7% | 61.8% | ||
| Q3 25 | 40.4% | 61.5% | ||
| Q2 25 | 41.0% | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | 40.7% | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | 40.9% | 58.5% |
营业利润率MSMRMD
| Q2 26 | — | 34.6% | ||
| Q4 25 | 7.9% | 34.6% | ||
| Q3 25 | 8.6% | 33.4% | ||
| Q2 25 | 8.5% | 33.7% | ||
| Q1 25 | — | 33.0% | ||
| Q4 24 | 7.8% | 32.5% | ||
| Q3 24 | — | 31.6% | ||
| Q2 24 | 10.9% | 31.2% |
净利率MSMRMD
| Q2 26 | — | 27.6% | ||
| Q4 25 | 5.4% | 27.6% | ||
| Q3 25 | 5.8% | 26.1% | ||
| Q2 25 | 5.9% | 28.2% | ||
| Q1 25 | — | 28.3% | ||
| Q4 24 | 5.0% | 26.9% | ||
| Q3 24 | — | 25.4% | ||
| Q2 24 | 7.3% | 23.9% |
每股收益（稀释后）MSMRMD
| Q2 26 | — | $2.68 | ||
| Q4 25 | $0.93 | $2.68 | ||
| Q3 25 | $1.02 | $2.37 | ||
| Q2 25 | $1.02 | $2.58 | ||
| Q1 25 | — | $2.48 | ||
| Q4 24 | $0.83 | $2.34 | ||
| Q3 24 | — | $2.11 | ||
| Q2 24 | $1.27 | $1.97 |
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 | $40.3M | $1.4B |
| 总债务越低越好 | $214.1M | $663.8M |
| 股东权益账面价值 | $1.4B | $6.3B |
| 总资产 | $2.5B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.16× | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资MSMRMD
| Q2 26 | — | $1.4B | ||
| Q4 25 | $40.3M | $1.4B | ||
| Q3 25 | $56.2M | $1.4B | ||
| Q2 25 | $71.7M | $1.2B | ||
| Q1 25 | — | $932.7M | ||
| Q4 24 | $57.3M | $521.9M | ||
| Q3 24 | — | $426.4M | ||
| Q2 24 | $25.9M | $238.4M |
总债务MSMRMD
| Q2 26 | — | $663.8M | ||
| Q4 25 | $214.1M | $403.9M | ||
| Q3 25 | $168.8M | $408.7M | ||
| Q2 25 | $285.0M | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | $289.9M | $662.9M | ||
| Q3 24 | — | $667.6M | ||
| Q2 24 | $299.8M | $697.3M |
股东权益MSMRMD
| Q2 26 | — | $6.3B | ||
| Q4 25 | $1.4B | $6.3B | ||
| Q3 25 | $1.4B | $6.1B | ||
| Q2 25 | $1.4B | $6.0B | ||
| Q1 25 | — | $5.5B | ||
| Q4 24 | $1.4B | $5.3B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | $1.4B | $4.9B |
总资产MSMRMD
| Q2 26 | — | $8.5B | ||
| Q4 25 | $2.5B | $8.5B | ||
| Q3 25 | $2.5B | $8.3B | ||
| Q2 25 | $2.5B | $8.2B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $2.5B | $7.1B | ||
| Q3 24 | — | $7.2B | ||
| Q2 24 | $2.5B | $6.9B |
负债/权益比MSMRMD
| Q2 26 | — | 0.11× | ||
| Q4 25 | 0.16× | 0.06× | ||
| Q3 25 | 0.12× | 0.07× | ||
| Q2 25 | 0.21× | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | 0.21× | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | 0.21× | 0.14× |
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 | $29.4M | — |
| 自由现金流经营现金流 - 资本支出 | $7.4M | — |
| 自由现金流率自由现金流/营收 | 0.8% | — |
| 资本支出强度资本支出/营收 | 2.3% | — |
| 现金转化率经营现金流/净利润 | 0.57× | — |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流MSMRMD
| Q2 26 | — | — | ||
| Q4 25 | $29.4M | $339.7M | ||
| Q3 25 | — | $457.3M | ||
| Q2 25 | $151.6M | $538.8M | ||
| Q1 25 | — | $578.7M | ||
| Q4 24 | $101.9M | $308.6M | ||
| Q3 24 | — | $325.5M | ||
| Q2 24 | $143.5M | $440.1M |
自由现金流MSMRMD
| Q2 26 | — | — | ||
| Q4 25 | $7.4M | $311.2M | ||
| Q3 25 | — | $414.4M | ||
| Q2 25 | $100.7M | $508.2M | ||
| Q1 25 | — | $557.9M | ||
| Q4 24 | $81.7M | $288.0M | ||
| Q3 24 | — | $307.7M | ||
| Q2 24 | $114.0M | $415.2M |
自由现金流率MSMRMD
| Q2 26 | — | — | ||
| Q4 25 | 0.8% | 21.9% | ||
| Q3 25 | — | 31.0% | ||
| Q2 25 | 10.4% | 37.7% | ||
| Q1 25 | — | 43.2% | ||
| Q4 24 | 8.8% | 22.5% | ||
| Q3 24 | — | 25.1% | ||
| Q2 24 | 11.6% | 33.9% |
资本支出强度MSMRMD
| Q2 26 | — | — | ||
| Q4 25 | 2.3% | 2.0% | ||
| Q3 25 | — | 3.2% | ||
| Q2 25 | 5.2% | 2.3% | ||
| Q1 25 | — | 1.6% | ||
| Q4 24 | 2.2% | 1.6% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | 3.0% | 2.0% |
现金转化率MSMRMD
| Q2 26 | — | — | ||
| Q4 25 | 0.57× | 0.87× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | 2.67× | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 2.18× | 0.90× | ||
| Q3 24 | — | 1.05× | ||
| Q2 24 | 2.00× | 1.51× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
