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Mueller Water Products, Inc.（MWA）与Ultragenyx Pharmaceutical Inc.（RARE）财务数据对比。点击上方公司名可切换其他公司
Mueller Water Products, Inc.的季度营收约是Ultragenyx Pharmaceutical Inc.的1.5倍（$318.2M vs $207.3M），Mueller Water Products, Inc.净利率更高（13.6% vs -62.0%，领先75.6%），Ultragenyx Pharmaceutical Inc.同比增速更快（25.9% vs 4.6%），Mueller Water Products, Inc.自由现金流更多（$44.0M vs $-100.8M），过去两年Ultragenyx Pharmaceutical Inc.的营收复合增速更高（38.0% vs -5.1%）
穆勒水业（Mueller Water Products, Inc.）是总部位于美国佐治亚州亚特兰大的上市企业，为北美规模顶尖的消防栓、闸阀及其他水务基础设施产品生产商与分销商之一，旗下设有Mueller Co.和Mueller Technologies两大业务单元，运营包括Echologics、Mueller Systems在内的十余个品牌及关联主体。
Ultragenyx Pharmaceutical Inc.是一家总部位于美国的生物制药企业，专注于研发罕见病和超罕见遗传病的创新治疗方案，这类疾病目前大多无获批疗法，存在大量未被满足的临床需求。公司覆盖生物制剂、小分子药物、基因疗法、反义寡核苷酸及mRNA等多种药物技术平台，研发管线涵盖骨骼、内分泌、代谢、肌肉及中枢神经系统疾病领域。
MWA vs RARE — 直观对比
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $318.2M | $207.3M |
| 净利润 | $43.2M | $-128.6M |
| 毛利率 | 37.6% | — |
| 营业利润率 | 17.8% | -54.7% |
| 净利率 | 13.6% | -62.0% |
| 营收同比 | 4.6% | 25.9% |
| 净利润同比 | 22.4% | 3.5% |
| 每股收益（稀释后） | $0.27 | $-1.28 |
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
| Q4 25 | $318.2M | $207.3M | ||
| Q3 25 | $380.8M | $159.9M | ||
| Q2 25 | $380.3M | $166.5M | ||
| Q1 25 | $364.3M | $139.3M | ||
| Q4 24 | $304.3M | $164.6M | ||
| Q3 24 | $348.2M | $139.5M | ||
| Q2 24 | $356.7M | $147.0M | ||
| Q1 24 | $353.4M | $108.8M |
| Q4 25 | $43.2M | $-128.6M | ||
| Q3 25 | $52.6M | $-180.4M | ||
| Q2 25 | $52.5M | $-115.0M | ||
| Q1 25 | $51.3M | $-151.1M | ||
| Q4 24 | $35.3M | $-133.2M | ||
| Q3 24 | $10.0M | $-133.5M | ||
| Q2 24 | $47.3M | $-131.6M | ||
| Q1 24 | $44.3M | $-170.7M |
| Q4 25 | 37.6% | — | ||
| Q3 25 | 36.8% | — | ||
| Q2 25 | 38.3% | — | ||
| Q1 25 | 35.1% | — | ||
| Q4 24 | 33.8% | — | ||
| Q3 24 | 31.8% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 36.9% | — |
| Q4 25 | 17.8% | -54.7% | ||
| Q3 25 | 18.3% | -106.9% | ||
| Q2 25 | 19.4% | -64.8% | ||
| Q1 25 | 19.2% | -102.6% | ||
| Q4 24 | 15.6% | -74.3% | ||
| Q3 24 | 8.2% | -94.6% | ||
| Q2 24 | 18.8% | -79.1% | ||
| Q1 24 | 18.0% | -151.9% |
| Q4 25 | 13.6% | -62.0% | ||
| Q3 25 | 13.8% | -112.8% | ||
| Q2 25 | 13.8% | -69.0% | ||
| Q1 25 | 14.1% | -108.5% | ||
| Q4 24 | 11.6% | -80.9% | ||
| Q3 24 | 2.9% | -95.7% | ||
| Q2 24 | 13.3% | -89.5% | ||
| Q1 24 | 12.5% | -156.8% |
| Q4 25 | $0.27 | $-1.28 | ||
| Q3 25 | $0.34 | $-1.81 | ||
| Q2 25 | $0.33 | $-1.17 | ||
| Q1 25 | $0.33 | $-1.57 | ||
| Q4 24 | $0.22 | $-1.34 | ||
| Q3 24 | $0.07 | $-1.40 | ||
| Q2 24 | $0.30 | $-1.52 | ||
| Q1 24 | $0.28 | $-2.03 |
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 | — | $421.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.0B | $-80.0M |
| 总资产 | $1.8B | $1.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q4 25 | — | $421.0M | ||
| Q3 25 | — | $202.5M | ||
| Q2 25 | — | $176.3M | ||
| Q1 25 | — | $127.1M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $150.6M | ||
| Q2 24 | — | $480.7M | ||
| Q1 24 | — | $112.3M |
| Q4 25 | $1.0B | $-80.0M | ||
| Q3 25 | $981.7M | $9.2M | ||
| Q2 25 | $929.0M | $151.3M | ||
| Q1 25 | $873.6M | $144.2M | ||
| Q4 24 | $834.1M | $255.0M | ||
| Q3 24 | $810.1M | $346.8M | ||
| Q2 24 | $791.6M | $432.4M | ||
| Q1 24 | $754.5M | $140.3M |
| Q4 25 | $1.8B | $1.5B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.3B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.6B | $1.5B | ||
| Q3 24 | $1.6B | $1.5B | ||
| Q2 24 | $1.6B | $1.6B | ||
| Q1 24 | $1.5B | $1.3B |
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 | $61.2M | $-99.8M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $-100.8M |
| 自由现金流率自由现金流/营收 | 13.8% | -48.6% |
| 资本支出强度资本支出/营收 | 5.4% | 0.5% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $173.8M | $-472.0M |
8季度趋势，按日历期对齐
| Q4 25 | $61.2M | $-99.8M | ||
| Q3 25 | $83.5M | $-91.4M | ||
| Q2 25 | $67.4M | $-108.3M | ||
| Q1 25 | $14.3M | $-166.5M | ||
| Q4 24 | $54.1M | $-79.3M | ||
| Q3 24 | $89.3M | $-67.0M | ||
| Q2 24 | $87.3M | $-77.0M | ||
| Q1 24 | $-5.7M | $-190.7M |
| Q4 25 | $44.0M | $-100.8M | ||
| Q3 25 | $69.0M | $-92.7M | ||
| Q2 25 | $55.7M | $-110.7M | ||
| Q1 25 | $5.1M | $-167.8M | ||
| Q4 24 | $42.2M | $-79.5M | ||
| Q3 24 | $69.9M | $-68.6M | ||
| Q2 24 | $75.1M | $-79.0M | ||
| Q1 24 | $-15.8M | $-193.9M |
| Q4 25 | 13.8% | -48.6% | ||
| Q3 25 | 18.1% | -58.0% | ||
| Q2 25 | 14.6% | -66.5% | ||
| Q1 25 | 1.4% | -120.5% | ||
| Q4 24 | 13.9% | -48.3% | ||
| Q3 24 | 20.1% | -49.2% | ||
| Q2 24 | 21.1% | -53.7% | ||
| Q1 24 | -4.5% | -178.2% |
| Q4 25 | 5.4% | 0.5% | ||
| Q3 25 | 3.8% | 0.8% | ||
| Q2 25 | 3.1% | 1.5% | ||
| Q1 25 | 2.5% | 1.0% | ||
| Q4 24 | 3.9% | 0.1% | ||
| Q3 24 | 5.6% | 1.2% | ||
| Q2 24 | 3.4% | 1.4% | ||
| Q1 24 | 2.9% | 3.0% |
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.59× | — | ||
| Q2 25 | 1.28× | — | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 1.53× | — | ||
| Q3 24 | 8.93× | — | ||
| Q2 24 | 1.85× | — | ||
| Q1 24 | -0.13× | — |
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
MWA
| Water Flow Solutions | $173.0M | 54% |
| Water Management Solutions | $145.2M | 46% |
RARE
| Royalty | $105.6M | 51% |
| Products | $101.7M | 49% |
