vs
MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的1.7倍（$461.6M vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 14.6%，领先3.4%），MACOM Technology Solutions Holdings, Inc.同比增速更快（24.5% vs 17.0%），RBC Bearings INC自由现金流更多（$99.1M vs $30.0M），过去两年MACOM Technology Solutions Holdings, Inc.的营收复合增速更高（22.4% vs 5.6%）
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
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。
MTSI vs RBC — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $271.6M | $461.6M |
| 净利润 | $48.8M | $67.4M |
| 毛利率 | 55.9% | 44.3% |
| 营业利润率 | 15.9% | 22.3% |
| 净利率 | 18.0% | 14.6% |
| 营收同比 | 24.5% | 17.0% |
| 净利润同比 | 129.1% | 16.4% |
| 每股收益（稀释后） | $0.64 | $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
| Q1 26 | $271.6M | — | ||
| Q4 25 | $261.2M | $461.6M | ||
| Q3 25 | $252.1M | $455.3M | ||
| Q2 25 | $235.9M | $436.0M | ||
| Q1 25 | $218.1M | $437.7M | ||
| Q4 24 | — | $394.4M | ||
| Q3 24 | $200.7M | $397.9M | ||
| Q2 24 | $190.5M | $406.3M |
| Q1 26 | $48.8M | — | ||
| Q4 25 | $45.1M | $67.4M | ||
| Q3 25 | $36.5M | $60.0M | ||
| Q2 25 | $31.7M | $68.5M | ||
| Q1 25 | $-167.5M | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $29.4M | $54.2M | ||
| Q2 24 | $19.9M | $61.4M |
| Q1 26 | 55.9% | — | ||
| Q4 25 | 54.5% | 44.3% | ||
| Q3 25 | 55.3% | 44.1% | ||
| Q2 25 | 55.2% | 44.8% | ||
| Q1 25 | 53.7% | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | 54.7% | 43.7% | ||
| Q2 24 | 53.2% | 45.3% |
| Q1 26 | 15.9% | — | ||
| Q4 25 | 15.2% | 22.3% | ||
| Q3 25 | 14.9% | 21.5% | ||
| Q2 25 | 14.8% | 23.2% | ||
| Q1 25 | 8.0% | 23.0% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | 13.7% | 21.6% | ||
| Q2 24 | 10.4% | 24.0% |
| Q1 26 | 18.0% | — | ||
| Q4 25 | 17.3% | 14.6% | ||
| Q3 25 | 14.5% | 13.2% | ||
| Q2 25 | 13.4% | 15.7% | ||
| Q1 25 | -76.8% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | 14.7% | 13.6% | ||
| Q2 24 | 10.5% | 15.1% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.67 | $2.13 | ||
| Q3 25 | $0.48 | $1.90 | ||
| Q2 25 | $0.42 | $2.17 | ||
| Q1 25 | $-2.30 | $2.33 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | $0.40 | $1.65 | ||
| Q2 24 | $0.27 | $1.90 |
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 | $768.5M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.4B | $3.3B |
| 总资产 | $2.1B | $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
| Q1 26 | $768.5M | — | ||
| Q4 25 | $786.0M | $107.6M | ||
| Q3 25 | $735.2M | $91.2M | ||
| Q2 25 | $681.5M | $132.9M | ||
| Q1 25 | $656.5M | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $581.9M | — | ||
| Q2 24 | $521.5M | $76.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | — | $2.9B | ||
| Q3 24 | $1.1B | $2.9B | ||
| Q2 24 | $1.1B | $2.8B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $2.0B | $5.1B | ||
| Q2 25 | $1.9B | $4.8B | ||
| Q1 25 | $1.8B | $4.7B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | $1.8B | $4.7B | ||
| Q2 24 | $1.7B | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $42.9M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $30.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 11.0% | 21.5% |
| 资本支出强度资本支出/营收 | 4.8% | 5.0% |
| 现金转化率经营现金流/净利润 | 0.88× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $161.5M | — |
8季度趋势，按日历期对齐
| Q1 26 | $42.9M | — | ||
| Q4 25 | $69.6M | $122.1M | ||
| Q3 25 | $60.4M | $88.4M | ||
| Q2 25 | $38.7M | $120.0M | ||
| Q1 25 | $66.7M | — | ||
| Q4 24 | — | $84.0M | ||
| Q3 24 | $62.3M | — | ||
| Q2 24 | $49.0M | $97.4M |
| Q1 26 | $30.0M | — | ||
| Q4 25 | $49.4M | $99.1M | ||
| Q3 25 | $51.6M | $71.7M | ||
| Q2 25 | $30.5M | $104.3M | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | $57.1M | — | ||
| Q2 24 | $41.5M | $88.4M |
| Q1 26 | 11.0% | — | ||
| Q4 25 | 18.9% | 21.5% | ||
| Q3 25 | 20.5% | 15.7% | ||
| Q2 25 | 12.9% | 23.9% | ||
| Q1 25 | 28.1% | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 21.8% | 21.8% |
| Q1 26 | 4.8% | — | ||
| Q4 25 | 7.7% | 5.0% | ||
| Q3 25 | 3.5% | 3.7% | ||
| Q2 25 | 3.5% | 3.6% | ||
| Q1 25 | 2.4% | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 2.6% | 4.1% | ||
| Q2 24 | 3.9% | 2.2% |
| Q1 26 | 0.88× | — | ||
| Q4 25 | 1.54× | 1.81× | ||
| Q3 25 | 1.65× | 1.47× | ||
| Q2 25 | 1.22× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 2.12× | — | ||
| Q2 24 | 2.46× | 1.59× |
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
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
