vs
范尔度假村（MTN）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
RBC Bearings INC的季度营收约是范尔度假村的1.7倍（$461.6M vs $271.0M），RBC Bearings INC净利率更高（14.6% vs -68.9%，领先83.5%），RBC Bearings INC同比增速更快（17.0% vs 4.1%），范尔度假村自由现金流更多（$244.3M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -49.9%）
范尔度假村是美国知名山地度假集团，总部位于科罗拉多州布鲁姆菲尔德。集团旗下在全球4个国家运营42家山地度假村，同时持有并运营酒店、民宿、公寓及高尔夫球场等各类度假不动产，为全球游客提供高品质的山地休闲与旅居服务。
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。
MTN vs RBC — 直观对比
营收规模更大
RBC
是对方的1.7倍
$271.0M
营收增速更快
RBC
高出12.9%
4.1%
净利率更高
RBC
高出83.5%
-68.9%
自由现金流更多
MTN
多$145.2M
$99.1M
两年增速更快
RBC
近两年复合增速
-49.9%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.0M | $461.6M |
| 净利润 | $-186.8M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | -77.4% | 22.3% |
| 净利率 | -68.9% | 14.6% |
| 营收同比 | 4.1% | 17.0% |
| 净利润同比 | -8.1% | 16.4% |
| 每股收益（稀释后） | $-5.20 | $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MTNRBC
| Q4 25 | $271.0M | $461.6M | ||
| Q3 25 | $271.3M | $455.3M | ||
| Q2 25 | $1.3B | $436.0M | ||
| Q1 25 | $1.1B | $437.7M | ||
| Q4 24 | $260.3M | $394.4M | ||
| Q3 24 | $265.4M | $397.9M | ||
| Q2 24 | $1.3B | $406.3M | ||
| Q1 24 | $1.1B | $413.7M |
净利润MTNRBC
| Q4 25 | $-186.8M | $67.4M | ||
| Q3 25 | $-185.5M | $60.0M | ||
| Q2 25 | $392.8M | $68.5M | ||
| Q1 25 | $245.5M | $72.7M | ||
| Q4 24 | $-172.8M | $57.9M | ||
| Q3 24 | $-175.4M | $54.2M | ||
| Q2 24 | $362.0M | $61.4M | ||
| Q1 24 | $219.3M | — |
毛利率MTNRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率MTNRBC
| Q4 25 | -77.4% | 22.3% | ||
| Q3 25 | -75.1% | 21.5% | ||
| Q2 25 | 44.9% | 23.2% | ||
| Q1 25 | 33.8% | 23.0% | ||
| Q4 24 | -77.6% | 21.7% | ||
| Q3 24 | -74.9% | 21.6% | ||
| Q2 24 | 42.6% | 24.0% | ||
| Q1 24 | 32.5% | 22.8% |
净利率MTNRBC
| Q4 25 | -68.9% | 14.6% | ||
| Q3 25 | -68.4% | 13.2% | ||
| Q2 25 | 30.3% | 15.7% | ||
| Q1 25 | 21.6% | 16.6% | ||
| Q4 24 | -66.4% | 14.7% | ||
| Q3 24 | -66.1% | 13.6% | ||
| Q2 24 | 28.2% | 15.1% | ||
| Q1 24 | 20.3% | — |
每股收益（稀释后）MTNRBC
| Q4 25 | $-5.20 | $2.13 | ||
| Q3 25 | $-4.96 | $1.90 | ||
| Q2 25 | $10.54 | $2.17 | ||
| Q1 25 | $6.56 | $2.33 | ||
| Q4 24 | $-4.61 | $1.82 | ||
| Q3 24 | $-4.63 | $1.65 | ||
| Q2 24 | $9.54 | $1.90 | ||
| Q1 24 | $5.76 | $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 | $581.5M | $107.6M |
| 总债务越低越好 | $2.6B | $990.2M |
| 股东权益账面价值 | $156.5M | $3.3B |
| 总资产 | $5.8B | $5.1B |
| 负债/权益比越低杠杆越低 | 16.51× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资MTNRBC
| Q4 25 | $581.5M | $107.6M | ||
| Q3 25 | $440.3M | $91.2M | ||
| Q2 25 | $467.0M | $132.9M | ||
| Q1 25 | $488.2M | $36.8M | ||
| Q4 24 | $403.8M | — | ||
| Q3 24 | $322.8M | — | ||
| Q2 24 | $705.4M | $76.8M | ||
| Q1 24 | $812.2M | $63.5M |
总债务MTNRBC
| Q4 25 | $2.6B | $990.2M | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.1B | $915.6M | ||
| Q1 25 | $2.1B | $920.1M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | $1.2B |
股东权益MTNRBC
| Q4 25 | $156.5M | $3.3B | ||
| Q3 25 | $424.5M | $3.2B | ||
| Q2 25 | $895.4M | $3.1B | ||
| Q1 25 | $530.7M | $3.0B | ||
| Q4 24 | $444.1M | $2.9B | ||
| Q3 24 | $723.5M | $2.9B | ||
| Q2 24 | $1.0B | $2.8B | ||
| Q1 24 | $829.9M | $2.8B |
总资产MTNRBC
| Q4 25 | $5.8B | $5.1B | ||
| Q3 25 | $5.8B | $5.1B | ||
| Q2 25 | $5.8B | $4.8B | ||
| Q1 25 | $5.5B | $4.7B | ||
| Q4 24 | $5.6B | $4.7B | ||
| Q3 24 | $5.7B | $4.7B | ||
| Q2 24 | $5.8B | $4.7B | ||
| Q1 24 | $5.8B | $4.7B |
负债/权益比MTNRBC
| Q4 25 | 16.51× | 0.30× | ||
| Q3 25 | 6.11× | 0.34× | ||
| Q2 25 | 2.35× | 0.29× | ||
| Q1 25 | 3.99× | 0.30× | ||
| Q4 24 | 6.10× | — | ||
| Q3 24 | 3.76× | — | ||
| Q2 24 | 2.69× | — | ||
| Q1 24 | 3.28× | 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 | $315.9M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $244.3M | $99.1M |
| 自由现金流率自由现金流/营收 | 90.1% | 21.5% |
| 资本支出强度资本支出/营收 | 26.4% | 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 | $352.5M | — |
8季度趋势，按日历期对齐
经营现金流MTNRBC
| Q4 25 | $315.9M | $122.1M | ||
| Q3 25 | $-171.6M | $88.4M | ||
| Q2 25 | $117.7M | $120.0M | ||
| Q1 25 | $326.3M | — | ||
| Q4 24 | $282.4M | $84.0M | ||
| Q3 24 | $-94.2M | — | ||
| Q2 24 | $109.9M | $97.4M | ||
| Q1 24 | $242.7M | — |
自由现金流MTNRBC
| Q4 25 | $244.3M | $99.1M | ||
| Q3 25 | $-227.5M | $71.7M | ||
| Q2 25 | $84.5M | $104.3M | ||
| Q1 25 | $251.2M | — | ||
| Q4 24 | $211.4M | $73.6M | ||
| Q3 24 | $-150.3M | — | ||
| Q2 24 | $85.0M | $88.4M | ||
| Q1 24 | $165.8M | — |
自由现金流率MTNRBC
| Q4 25 | 90.1% | 21.5% | ||
| Q3 25 | -83.9% | 15.7% | ||
| Q2 25 | 6.5% | 23.9% | ||
| Q1 25 | 22.1% | — | ||
| Q4 24 | 81.2% | 18.7% | ||
| Q3 24 | -56.6% | — | ||
| Q2 24 | 6.6% | 21.8% | ||
| Q1 24 | 15.4% | — |
资本支出强度MTNRBC
| Q4 25 | 26.4% | 5.0% | ||
| Q3 25 | 20.6% | 3.7% | ||
| Q2 25 | 2.6% | 3.6% | ||
| Q1 25 | 6.6% | 3.2% | ||
| Q4 24 | 27.3% | 2.6% | ||
| Q3 24 | 21.1% | 4.1% | ||
| Q2 24 | 1.9% | 2.2% | ||
| Q1 24 | 7.1% | — |
现金转化率MTNRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 0.30× | 1.75× | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.30× | 1.59× | ||
| Q1 24 | 1.11× | — |
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
MTN
| Dining | $84.6M | 31% |
| Lodgingrevenueexcludingpayrollcostreimbursements | $67.2M | 25% |
| Other Mountain Revenue | $55.1M | 20% |
| Managedcondominiumrooms | $26.1M | 10% |
| Owned Hotel Revenue | $12.7M | 5% |
| Other Lodging Revenue | $10.2M | 4% |
| Other | $5.9M | 2% |
| Transportation | $4.8M | 2% |
| Payrollcostreimbursements | $4.4M | 2% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
