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范尔度假村（MTN）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
范尔度假村的季度营收约是REPLIGEN CORP的1.4倍（$271.0M vs $197.9M），REPLIGEN CORP净利率更高（6.7% vs -68.9%，领先75.6%），REPLIGEN CORP同比增速更快（13.6% vs 4.1%），范尔度假村自由现金流更多（$244.3M vs $17.6M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% 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。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
MTN vs RGEN — 直观对比
营收规模更大
MTN
是对方的1.4倍
$197.9M
营收增速更快
RGEN
高出9.5%
4.1%
净利率更高
RGEN
高出75.6%
-68.9%
自由现金流更多
MTN
多$226.7M
$17.6M
两年增速更快
RGEN
近两年复合增速
-49.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $271.0M | $197.9M |
| 净利润 | $-186.8M | $13.3M |
| 毛利率 | — | 52.5% |
| 营业利润率 | -77.4% | 9.0% |
| 净利率 | -68.9% | 6.7% |
| 营收同比 | 4.1% | 13.6% |
| 净利润同比 | -8.1% | 143.9% |
| 每股收益（稀释后） | $-5.20 | $0.24 |
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MTNRGEN
| Q4 25 | $271.0M | $197.9M | ||
| Q3 25 | $271.3M | $188.8M | ||
| Q2 25 | $1.3B | $182.4M | ||
| Q1 25 | $1.1B | $169.2M | ||
| Q4 24 | $260.3M | $174.1M | ||
| Q3 24 | $265.4M | $154.9M | ||
| Q2 24 | $1.3B | $154.1M | ||
| Q1 24 | $1.1B | $151.3M |
净利润MTNRGEN
| Q4 25 | $-186.8M | $13.3M | ||
| Q3 25 | $-185.5M | $14.9M | ||
| Q2 25 | $392.8M | $14.9M | ||
| Q1 25 | $245.5M | $5.8M | ||
| Q4 24 | $-172.8M | $-30.3M | ||
| Q3 24 | $-175.4M | $-654.0K | ||
| Q2 24 | $362.0M | $3.3M | ||
| Q1 24 | $219.3M | $2.1M |
毛利率MTNRGEN
| Q4 25 | — | 52.5% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 50.0% | ||
| Q1 25 | — | 53.6% | ||
| Q4 24 | — | 26.1% | ||
| Q3 24 | — | 50.0% | ||
| Q2 24 | — | 49.8% | ||
| Q1 24 | — | 49.5% |
营业利润率MTNRGEN
| Q4 25 | -77.4% | 9.0% | ||
| Q3 25 | -75.1% | 8.9% | ||
| Q2 25 | 44.9% | 7.6% | ||
| Q1 25 | 33.8% | 3.9% | ||
| Q4 24 | -77.6% | -17.7% | ||
| Q3 24 | -74.9% | -5.1% | ||
| Q2 24 | 42.6% | 1.0% | ||
| Q1 24 | 32.5% | 1.3% |
净利率MTNRGEN
| Q4 25 | -68.9% | 6.7% | ||
| Q3 25 | -68.4% | 7.9% | ||
| Q2 25 | 30.3% | 8.2% | ||
| Q1 25 | 21.6% | 3.4% | ||
| Q4 24 | -66.4% | -17.4% | ||
| Q3 24 | -66.1% | -0.4% | ||
| Q2 24 | 28.2% | 2.2% | ||
| Q1 24 | 20.3% | 1.4% |
每股收益（稀释后）MTNRGEN
| Q4 25 | $-5.20 | $0.24 | ||
| Q3 25 | $-4.96 | $0.26 | ||
| Q2 25 | $10.54 | $0.26 | ||
| Q1 25 | $6.56 | $0.10 | ||
| Q4 24 | $-4.61 | $-0.55 | ||
| Q3 24 | $-4.63 | $-0.01 | ||
| Q2 24 | $9.54 | $0.06 | ||
| Q1 24 | $5.76 | $0.04 |
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 | $581.5M | $767.6M |
| 总债务越低越好 | $2.6B | $542.2M |
| 股东权益账面价值 | $156.5M | $2.1B |
| 总资产 | $5.8B | $2.9B |
| 负债/权益比越低杠杆越低 | 16.51× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资MTNRGEN
| Q4 25 | $581.5M | $767.6M | ||
| Q3 25 | $440.3M | $748.7M | ||
| Q2 25 | $467.0M | $708.9M | ||
| Q1 25 | $488.2M | $697.2M | ||
| Q4 24 | $403.8M | $757.4M | ||
| Q3 24 | $322.8M | $784.0M | ||
| Q2 24 | $705.4M | $809.1M | ||
| Q1 24 | $812.2M | $780.6M |
总债务MTNRGEN
| Q4 25 | $2.6B | $542.2M | ||
| Q3 25 | $2.6B | $537.9M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.1B | — | ||
| Q4 24 | $2.7B | $525.6M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
股东权益MTNRGEN
| Q4 25 | $156.5M | $2.1B | ||
| Q3 25 | $424.5M | $2.1B | ||
| Q2 25 | $895.4M | $2.1B | ||
| Q1 25 | $530.7M | $2.0B | ||
| Q4 24 | $444.1M | $2.0B | ||
| Q3 24 | $723.5M | $2.0B | ||
| Q2 24 | $1.0B | $2.0B | ||
| Q1 24 | $829.9M | $2.0B |
总资产MTNRGEN
| Q4 25 | $5.8B | $2.9B | ||
| Q3 25 | $5.8B | $2.9B | ||
| Q2 25 | $5.8B | $2.9B | ||
| Q1 25 | $5.5B | $2.9B | ||
| Q4 24 | $5.6B | $2.8B | ||
| Q3 24 | $5.7B | $2.8B | ||
| Q2 24 | $5.8B | $2.9B | ||
| Q1 24 | $5.8B | $2.8B |
负债/权益比MTNRGEN
| Q4 25 | 16.51× | 0.26× | ||
| Q3 25 | 6.11× | 0.26× | ||
| Q2 25 | 2.35× | — | ||
| Q1 25 | 3.99× | — | ||
| Q4 24 | 6.10× | 0.27× | ||
| Q3 24 | 3.76× | — | ||
| Q2 24 | 2.69× | — | ||
| Q1 24 | 3.28× | — |
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 | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $244.3M | $17.6M |
| 自由现金流率自由现金流/营收 | 90.1% | 8.9% |
| 资本支出强度资本支出/营收 | 26.4% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $352.5M | $93.9M |
8季度趋势，按日历期对齐
经营现金流MTNRGEN
| Q4 25 | $315.9M | $25.7M | ||
| Q3 25 | $-171.6M | $48.1M | ||
| Q2 25 | $117.7M | $28.6M | ||
| Q1 25 | $326.3M | $15.0M | ||
| Q4 24 | $282.4M | $39.2M | ||
| Q3 24 | $-94.2M | $49.3M | ||
| Q2 24 | $109.9M | $42.2M | ||
| Q1 24 | $242.7M | $44.7M |
自由现金流MTNRGEN
| Q4 25 | $244.3M | $17.6M | ||
| Q3 25 | $-227.5M | $43.4M | ||
| Q2 25 | $84.5M | $21.5M | ||
| Q1 25 | $251.2M | $11.4M | ||
| Q4 24 | $211.4M | $33.6M | ||
| Q3 24 | $-150.3M | $42.3M | ||
| Q2 24 | $85.0M | $37.4M | ||
| Q1 24 | $165.8M | $36.4M |
自由现金流率MTNRGEN
| Q4 25 | 90.1% | 8.9% | ||
| Q3 25 | -83.9% | 23.0% | ||
| Q2 25 | 6.5% | 11.8% | ||
| Q1 25 | 22.1% | 6.8% | ||
| Q4 24 | 81.2% | 19.3% | ||
| Q3 24 | -56.6% | 27.3% | ||
| Q2 24 | 6.6% | 24.3% | ||
| Q1 24 | 15.4% | 24.0% |
资本支出强度MTNRGEN
| Q4 25 | 26.4% | 4.1% | ||
| Q3 25 | 20.6% | 2.5% | ||
| Q2 25 | 2.6% | 3.9% | ||
| Q1 25 | 6.6% | 2.1% | ||
| Q4 24 | 27.3% | 3.2% | ||
| Q3 24 | 21.1% | 4.5% | ||
| Q2 24 | 1.9% | 3.1% | ||
| Q1 24 | 7.1% | 5.5% |
现金转化率MTNRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | 0.30× | 1.92× | ||
| Q1 25 | 1.33× | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 0.30× | 12.70× | ||
| Q1 24 | 1.11× | 21.35× |
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% |
RGEN
暂无分部数据
