vs
Match Group（MTCH）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
Match Group的季度营收约是RBC Bearings INC的1.9倍（$878.0M vs $461.6M），Match Group净利率更高（23.9% vs 14.6%，领先9.3%），RBC Bearings INC同比增速更快（17.0% vs 2.1%），Match Group自由现金流更多（$308.1M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs 1.1%）
美国互联网科技企业Match Group总部位于得克萨斯州达拉斯，旗下拥有全球规模最大的在线约会服务品牌矩阵，运营Tinder、Hinge、Plenty of Fish等多款全球知名约会产品。2020年7月公司从IAC分拆为独立上市公司，截至2019年全球付费订阅用户达930万，其中近半数来自北美地区。
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。
MTCH vs RBC — 直观对比
营收规模更大
MTCH
是对方的1.9倍
$461.6M
营收增速更快
RBC
高出15.0%
2.1%
净利率更高
MTCH
高出9.3%
14.6%
自由现金流更多
MTCH
多$209.0M
$99.1M
两年增速更快
RBC
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $461.6M |
| 净利润 | $209.7M | $67.4M |
| 毛利率 | 74.7% | 44.3% |
| 营业利润率 | 32.4% | 22.3% |
| 净利率 | 23.9% | 14.6% |
| 营收同比 | 2.1% | 17.0% |
| 净利润同比 | 32.5% | 16.4% |
| 每股收益（稀释后） | $0.83 | $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MTCHRBC
| Q4 25 | $878.0M | $461.6M | ||
| Q3 25 | $914.3M | $455.3M | ||
| Q2 25 | $863.7M | $436.0M | ||
| Q1 25 | $831.2M | $437.7M | ||
| Q4 24 | $860.2M | $394.4M | ||
| Q3 24 | $895.5M | $397.9M | ||
| Q2 24 | $864.1M | $406.3M | ||
| Q1 24 | $859.6M | $413.7M |
净利润MTCHRBC
| Q4 25 | $209.7M | $67.4M | ||
| Q3 25 | $160.8M | $60.0M | ||
| Q2 25 | $125.5M | $68.5M | ||
| Q1 25 | $117.6M | $72.7M | ||
| Q4 24 | $158.3M | $57.9M | ||
| Q3 24 | $136.5M | $54.2M | ||
| Q2 24 | $133.3M | $61.4M | ||
| Q1 24 | $123.2M | — |
毛利率MTCHRBC
| Q4 25 | 74.7% | 44.3% | ||
| Q3 25 | 73.0% | 44.1% | ||
| Q2 25 | 72.0% | 44.8% | ||
| Q1 25 | 71.5% | 44.2% | ||
| Q4 24 | 72.5% | 44.3% | ||
| Q3 24 | 71.7% | 43.7% | ||
| Q2 24 | 71.6% | 45.3% | ||
| Q1 24 | 70.1% | 43.1% |
营业利润率MTCHRBC
| Q4 25 | 32.4% | 22.3% | ||
| Q3 25 | 24.2% | 21.5% | ||
| Q2 25 | 22.5% | 23.2% | ||
| Q1 25 | 20.8% | 23.0% | ||
| Q4 24 | 26.0% | 21.7% | ||
| Q3 24 | 23.5% | 21.6% | ||
| Q2 24 | 23.7% | 24.0% | ||
| Q1 24 | 21.5% | 22.8% |
净利率MTCHRBC
| Q4 25 | 23.9% | 14.6% | ||
| Q3 25 | 17.6% | 13.2% | ||
| Q2 25 | 14.5% | 15.7% | ||
| Q1 25 | 14.1% | 16.6% | ||
| Q4 24 | 18.4% | 14.7% | ||
| Q3 24 | 15.2% | 13.6% | ||
| Q2 24 | 15.4% | 15.1% | ||
| Q1 24 | 14.3% | — |
每股收益（稀释后）MTCHRBC
| Q4 25 | $0.83 | $2.13 | ||
| Q3 25 | $0.62 | $1.90 | ||
| Q2 25 | $0.49 | $2.17 | ||
| Q1 25 | $0.44 | $2.33 | ||
| Q4 24 | $0.59 | $1.82 | ||
| Q3 24 | $0.51 | $1.65 | ||
| Q2 24 | $0.48 | $1.90 | ||
| Q1 24 | $0.44 | $1.92 |
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 | $1.0B | $107.6M |
| 总债务越低越好 | $3.5B | $990.2M |
| 股东权益账面价值 | $-253.5M | $3.3B |
| 总资产 | $4.5B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MTCHRBC
| Q4 25 | $1.0B | $107.6M | ||
| Q3 25 | $1.1B | $91.2M | ||
| Q2 25 | $340.4M | $132.9M | ||
| Q1 25 | $414.2M | $36.8M | ||
| Q4 24 | $970.7M | — | ||
| Q3 24 | $860.9M | — | ||
| Q2 24 | $843.6M | $76.8M | ||
| Q1 24 | $920.9M | $63.5M |
总债务MTCHRBC
| Q4 25 | $3.5B | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | $3.4B | $920.1M | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.8B | — | ||
| Q2 24 | $3.8B | — | ||
| Q1 24 | $3.8B | $1.2B |
股东权益MTCHRBC
| Q4 25 | $-253.5M | $3.3B | ||
| Q3 25 | $-223.9M | $3.2B | ||
| Q2 25 | $-230.9M | $3.1B | ||
| Q1 25 | $-182.7M | $3.0B | ||
| Q4 24 | $-63.7M | $2.9B | ||
| Q3 24 | $-88.5M | $2.9B | ||
| Q2 24 | $-130.2M | $2.8B | ||
| Q1 24 | $-107.8M | $2.8B |
总资产MTCHRBC
| Q4 25 | $4.5B | $5.1B | ||
| Q3 25 | $4.5B | $5.1B | ||
| Q2 25 | $3.9B | $4.8B | ||
| Q1 25 | $3.9B | $4.7B | ||
| Q4 24 | $4.5B | $4.7B | ||
| Q3 24 | $4.4B | $4.7B | ||
| Q2 24 | $4.4B | $4.7B | ||
| Q1 24 | $4.4B | $4.7B |
负债/权益比MTCHRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $322.8M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $99.1M |
| 自由现金流率自由现金流/营收 | 35.1% | 21.5% |
| 资本支出强度资本支出/营收 | 1.7% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.54× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $1.0B | — |
8季度趋势，按日历期对齐
经营现金流MTCHRBC
| Q4 25 | $322.8M | $122.1M | ||
| Q3 25 | $320.6M | $88.4M | ||
| Q2 25 | $243.8M | $120.0M | ||
| Q1 25 | $193.1M | — | ||
| Q4 24 | $254.7M | $84.0M | ||
| Q3 24 | $264.9M | — | ||
| Q2 24 | $129.0M | $97.4M | ||
| Q1 24 | $284.1M | — |
自由现金流MTCHRBC
| Q4 25 | $308.1M | $99.1M | ||
| Q3 25 | $306.8M | $71.7M | ||
| Q2 25 | $231.0M | $104.3M | ||
| Q1 25 | $177.7M | — | ||
| Q4 24 | $247.1M | $73.6M | ||
| Q3 24 | $251.8M | — | ||
| Q2 24 | $116.3M | $88.4M | ||
| Q1 24 | $266.9M | — |
自由现金流率MTCHRBC
| Q4 25 | 35.1% | 21.5% | ||
| Q3 25 | 33.6% | 15.7% | ||
| Q2 25 | 26.7% | 23.9% | ||
| Q1 25 | 21.4% | — | ||
| Q4 24 | 28.7% | 18.7% | ||
| Q3 24 | 28.1% | — | ||
| Q2 24 | 13.5% | 21.8% | ||
| Q1 24 | 31.0% | — |
资本支出强度MTCHRBC
| Q4 25 | 1.7% | 5.0% | ||
| Q3 25 | 1.5% | 3.7% | ||
| Q2 25 | 1.5% | 3.6% | ||
| Q1 25 | 1.9% | 3.2% | ||
| Q4 24 | 0.9% | 2.6% | ||
| Q3 24 | 1.5% | 4.1% | ||
| Q2 24 | 1.5% | 2.2% | ||
| Q1 24 | 2.0% | — |
现金转化率MTCHRBC
| Q4 25 | 1.54× | 1.81× | ||
| Q3 25 | 1.99× | 1.47× | ||
| Q2 25 | 1.94× | 1.75× | ||
| Q1 25 | 1.64× | — | ||
| Q4 24 | 1.61× | 1.45× | ||
| Q3 24 | 1.94× | — | ||
| Q2 24 | 0.97× | 1.59× | ||
| Q1 24 | 2.31× | — |
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
MTCH
| Tinder Segment | $479.3M | 55% |
| Hinge Segment | $186.5M | 21% |
| Evergreen And Emerging Segment | $148.1M | 17% |
| MG Asia Segment | $65.8M | 7% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
