vs
Match Group（MTCH）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Match Group的1.6倍（$1.4B vs $878.0M），瑞思迈净利率更高（27.6% vs 23.9%，领先3.7%），瑞思迈同比增速更快（11.0% vs 2.1%），瑞思迈自由现金流更多（$311.2M vs $308.1M），过去两年瑞思迈的营收复合增速更高（9.0% 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。
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。
MTCH vs RMD — 直观对比
营收规模更大
RMD
是对方的1.6倍
$878.0M
营收增速更快
RMD
高出8.9%
2.1%
净利率更高
RMD
高出3.7%
23.9%
自由现金流更多
RMD
多$3.1M
$308.1M
两年增速更快
RMD
近两年复合增速
1.1%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $878.0M | $1.4B |
| 净利润 | $209.7M | $392.6M |
| 毛利率 | 74.7% | 61.8% |
| 营业利润率 | 32.4% | 34.6% |
| 净利率 | 23.9% | 27.6% |
| 营收同比 | 2.1% | 11.0% |
| 净利润同比 | 32.5% | 13.9% |
| 每股收益（稀释后） | $0.83 | $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MTCHRMD
| Q4 25 | $878.0M | $1.4B | ||
| Q3 25 | $914.3M | $1.3B | ||
| Q2 25 | $863.7M | $1.3B | ||
| Q1 25 | $831.2M | $1.3B | ||
| Q4 24 | $860.2M | $1.3B | ||
| Q3 24 | $895.5M | $1.2B | ||
| Q2 24 | $864.1M | $1.2B | ||
| Q1 24 | $859.6M | $1.2B |
净利润MTCHRMD
| Q4 25 | $209.7M | $392.6M | ||
| Q3 25 | $160.8M | $348.5M | ||
| Q2 25 | $125.5M | $379.7M | ||
| Q1 25 | $117.6M | $365.0M | ||
| Q4 24 | $158.3M | $344.6M | ||
| Q3 24 | $136.5M | $311.4M | ||
| Q2 24 | $133.3M | $292.2M | ||
| Q1 24 | $123.2M | $300.5M |
毛利率MTCHRMD
| Q4 25 | 74.7% | 61.8% | ||
| Q3 25 | 73.0% | 61.5% | ||
| Q2 25 | 72.0% | 60.8% | ||
| Q1 25 | 71.5% | 59.3% | ||
| Q4 24 | 72.5% | 58.6% | ||
| Q3 24 | 71.7% | 58.6% | ||
| Q2 24 | 71.6% | 58.5% | ||
| Q1 24 | 70.1% | 57.9% |
营业利润率MTCHRMD
| Q4 25 | 32.4% | 34.6% | ||
| Q3 25 | 24.2% | 33.4% | ||
| Q2 25 | 22.5% | 33.7% | ||
| Q1 25 | 20.8% | 33.0% | ||
| Q4 24 | 26.0% | 32.5% | ||
| Q3 24 | 23.5% | 31.6% | ||
| Q2 24 | 23.7% | 31.2% | ||
| Q1 24 | 21.5% | 31.3% |
净利率MTCHRMD
| Q4 25 | 23.9% | 27.6% | ||
| Q3 25 | 17.6% | 26.1% | ||
| Q2 25 | 14.5% | 28.2% | ||
| Q1 25 | 14.1% | 28.3% | ||
| Q4 24 | 18.4% | 26.9% | ||
| Q3 24 | 15.2% | 25.4% | ||
| Q2 24 | 15.4% | 23.9% | ||
| Q1 24 | 14.3% | 25.1% |
每股收益（稀释后）MTCHRMD
| Q4 25 | $0.83 | $2.68 | ||
| Q3 25 | $0.62 | $2.37 | ||
| Q2 25 | $0.49 | $2.58 | ||
| Q1 25 | $0.44 | $2.48 | ||
| Q4 24 | $0.59 | $2.34 | ||
| Q3 24 | $0.51 | $2.11 | ||
| Q2 24 | $0.48 | $1.97 | ||
| Q1 24 | $0.44 | $2.04 |
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 | $1.0B | $1.4B |
| 总债务越低越好 | $3.5B | $403.9M |
| 股东权益账面价值 | $-253.5M | $6.3B |
| 总资产 | $4.5B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资MTCHRMD
| Q4 25 | $1.0B | $1.4B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $340.4M | $1.2B | ||
| Q1 25 | $414.2M | $932.7M | ||
| Q4 24 | $970.7M | $521.9M | ||
| Q3 24 | $860.9M | $426.4M | ||
| Q2 24 | $843.6M | $238.4M | ||
| Q1 24 | $920.9M | $237.9M |
总债务MTCHRMD
| Q4 25 | $3.5B | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | $3.4B | $663.1M | ||
| Q4 24 | $3.8B | $662.9M | ||
| Q3 24 | $3.8B | $667.6M | ||
| Q2 24 | $3.8B | $697.3M | ||
| Q1 24 | $3.8B | $997.0M |
股东权益MTCHRMD
| Q4 25 | $-253.5M | $6.3B | ||
| Q3 25 | $-223.9M | $6.1B | ||
| Q2 25 | $-230.9M | $6.0B | ||
| Q1 25 | $-182.7M | $5.5B | ||
| Q4 24 | $-63.7M | $5.3B | ||
| Q3 24 | $-88.5M | $5.2B | ||
| Q2 24 | $-130.2M | $4.9B | ||
| Q1 24 | $-107.8M | $4.6B |
总资产MTCHRMD
| Q4 25 | $4.5B | $8.5B | ||
| Q3 25 | $4.5B | $8.3B | ||
| Q2 25 | $3.9B | $8.2B | ||
| Q1 25 | $3.9B | $7.6B | ||
| Q4 24 | $4.5B | $7.1B | ||
| Q3 24 | $4.4B | $7.2B | ||
| Q2 24 | $4.4B | $6.9B | ||
| Q1 24 | $4.4B | $6.8B |
负债/权益比MTCHRMD
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
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 | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $308.1M | $311.2M |
| 自由现金流率自由现金流/营收 | 35.1% | 21.9% |
| 资本支出强度资本支出/营收 | 1.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.54× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $1.0B | $1.8B |
8季度趋势，按日历期对齐
经营现金流MTCHRMD
| Q4 25 | $322.8M | $339.7M | ||
| Q3 25 | $320.6M | $457.3M | ||
| Q2 25 | $243.8M | $538.8M | ||
| Q1 25 | $193.1M | $578.7M | ||
| Q4 24 | $254.7M | $308.6M | ||
| Q3 24 | $264.9M | $325.5M | ||
| Q2 24 | $129.0M | $440.1M | ||
| Q1 24 | $284.1M | $402.0M |
自由现金流MTCHRMD
| Q4 25 | $308.1M | $311.2M | ||
| Q3 25 | $306.8M | $414.4M | ||
| Q2 25 | $231.0M | $508.2M | ||
| Q1 25 | $177.7M | $557.9M | ||
| Q4 24 | $247.1M | $288.0M | ||
| Q3 24 | $251.8M | $307.7M | ||
| Q2 24 | $116.3M | $415.2M | ||
| Q1 24 | $266.9M | $380.8M |
自由现金流率MTCHRMD
| Q4 25 | 35.1% | 21.9% | ||
| Q3 25 | 33.6% | 31.0% | ||
| Q2 25 | 26.7% | 37.7% | ||
| Q1 25 | 21.4% | 43.2% | ||
| Q4 24 | 28.7% | 22.5% | ||
| Q3 24 | 28.1% | 25.1% | ||
| Q2 24 | 13.5% | 33.9% | ||
| Q1 24 | 31.0% | 31.8% |
资本支出强度MTCHRMD
| Q4 25 | 1.7% | 2.0% | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | 1.5% | 2.3% | ||
| Q1 25 | 1.9% | 1.6% | ||
| Q4 24 | 0.9% | 1.6% | ||
| Q3 24 | 1.5% | 1.5% | ||
| Q2 24 | 1.5% | 2.0% | ||
| Q1 24 | 2.0% | 1.8% |
现金转化率MTCHRMD
| Q4 25 | 1.54× | 0.87× | ||
| Q3 25 | 1.99× | 1.31× | ||
| Q2 25 | 1.94× | 1.42× | ||
| Q1 25 | 1.64× | 1.59× | ||
| Q4 24 | 1.61× | 0.90× | ||
| Q3 24 | 1.94× | 1.05× | ||
| Q2 24 | 0.97× | 1.51× | ||
| Q1 24 | 2.31× | 1.34× |
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% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
