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Mueller Water Products, Inc.（MWA）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Mueller Water Products, Inc.的1.5倍（$461.6M vs $318.2M），RBC Bearings INC净利率更高（14.6% vs 13.6%，领先1.0%），RBC Bearings INC同比增速更快（17.0% vs 4.6%），RBC Bearings INC自由现金流更多（$99.1M vs $44.0M），过去两年RBC Bearings INC的营收复合增速更高（5.6% 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。
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。
MWA vs RBC — 直观对比
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $318.2M | $461.6M |
| 净利润 | $43.2M | $67.4M |
| 毛利率 | 37.6% | 44.3% |
| 营业利润率 | 17.8% | 22.3% |
| 净利率 | 13.6% | 14.6% |
| 营收同比 | 4.6% | 17.0% |
| 净利润同比 | 22.4% | 16.4% |
| 每股收益（稀释后） | $0.27 | $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
| Q4 25 | $318.2M | $461.6M | ||
| Q3 25 | $380.8M | $455.3M | ||
| Q2 25 | $380.3M | $436.0M | ||
| Q1 25 | $364.3M | $437.7M | ||
| Q4 24 | $304.3M | $394.4M | ||
| Q3 24 | $348.2M | $397.9M | ||
| Q2 24 | $356.7M | $406.3M | ||
| Q1 24 | $353.4M | $413.7M |
| Q4 25 | $43.2M | $67.4M | ||
| Q3 25 | $52.6M | $60.0M | ||
| Q2 25 | $52.5M | $68.5M | ||
| Q1 25 | $51.3M | $72.7M | ||
| Q4 24 | $35.3M | $57.9M | ||
| Q3 24 | $10.0M | $54.2M | ||
| Q2 24 | $47.3M | $61.4M | ||
| Q1 24 | $44.3M | — |
| Q4 25 | 37.6% | 44.3% | ||
| Q3 25 | 36.8% | 44.1% | ||
| Q2 25 | 38.3% | 44.8% | ||
| Q1 25 | 35.1% | 44.2% | ||
| Q4 24 | 33.8% | 44.3% | ||
| Q3 24 | 31.8% | 43.7% | ||
| Q2 24 | 36.8% | 45.3% | ||
| Q1 24 | 36.9% | 43.1% |
| Q4 25 | 17.8% | 22.3% | ||
| Q3 25 | 18.3% | 21.5% | ||
| Q2 25 | 19.4% | 23.2% | ||
| Q1 25 | 19.2% | 23.0% | ||
| Q4 24 | 15.6% | 21.7% | ||
| Q3 24 | 8.2% | 21.6% | ||
| Q2 24 | 18.8% | 24.0% | ||
| Q1 24 | 18.0% | 22.8% |
| Q4 25 | 13.6% | 14.6% | ||
| Q3 25 | 13.8% | 13.2% | ||
| Q2 25 | 13.8% | 15.7% | ||
| Q1 25 | 14.1% | 16.6% | ||
| Q4 24 | 11.6% | 14.7% | ||
| Q3 24 | 2.9% | 13.6% | ||
| Q2 24 | 13.3% | 15.1% | ||
| Q1 24 | 12.5% | — |
| Q4 25 | $0.27 | $2.13 | ||
| Q3 25 | $0.34 | $1.90 | ||
| Q2 25 | $0.33 | $2.17 | ||
| Q1 25 | $0.33 | $2.33 | ||
| Q4 24 | $0.22 | $1.82 | ||
| Q3 24 | $0.07 | $1.65 | ||
| Q2 24 | $0.30 | $1.90 | ||
| Q1 24 | $0.28 | $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 | — | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.0B | $3.3B |
| 总资产 | $1.8B | $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
| Q4 25 | — | $107.6M | ||
| Q3 25 | — | $91.2M | ||
| Q2 25 | — | $132.9M | ||
| Q1 25 | — | $36.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $76.8M | ||
| Q1 24 | — | $63.5M |
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
| Q4 25 | $1.0B | $3.3B | ||
| Q3 25 | $981.7M | $3.2B | ||
| Q2 25 | $929.0M | $3.1B | ||
| Q1 25 | $873.6M | $3.0B | ||
| Q4 24 | $834.1M | $2.9B | ||
| Q3 24 | $810.1M | $2.9B | ||
| Q2 24 | $791.6M | $2.8B | ||
| Q1 24 | $754.5M | $2.8B |
| Q4 25 | $1.8B | $5.1B | ||
| Q3 25 | $1.8B | $5.1B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $1.7B | $4.7B | ||
| Q4 24 | $1.6B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.5B | $4.7B |
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | $61.2M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $44.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 13.8% | 21.5% |
| 资本支出强度资本支出/营收 | 5.4% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.42× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $173.8M | — |
8季度趋势，按日历期对齐
| Q4 25 | $61.2M | $122.1M | ||
| Q3 25 | $83.5M | $88.4M | ||
| Q2 25 | $67.4M | $120.0M | ||
| Q1 25 | $14.3M | — | ||
| Q4 24 | $54.1M | $84.0M | ||
| Q3 24 | $89.3M | — | ||
| Q2 24 | $87.3M | $97.4M | ||
| Q1 24 | $-5.7M | — |
| Q4 25 | $44.0M | $99.1M | ||
| Q3 25 | $69.0M | $71.7M | ||
| Q2 25 | $55.7M | $104.3M | ||
| Q1 25 | $5.1M | — | ||
| Q4 24 | $42.2M | $73.6M | ||
| Q3 24 | $69.9M | — | ||
| Q2 24 | $75.1M | $88.4M | ||
| Q1 24 | $-15.8M | — |
| Q4 25 | 13.8% | 21.5% | ||
| Q3 25 | 18.1% | 15.7% | ||
| Q2 25 | 14.6% | 23.9% | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 13.9% | 18.7% | ||
| Q3 24 | 20.1% | — | ||
| Q2 24 | 21.1% | 21.8% | ||
| Q1 24 | -4.5% | — |
| Q4 25 | 5.4% | 5.0% | ||
| Q3 25 | 3.8% | 3.7% | ||
| Q2 25 | 3.1% | 3.6% | ||
| Q1 25 | 2.5% | 3.2% | ||
| Q4 24 | 3.9% | 2.6% | ||
| Q3 24 | 5.6% | 4.1% | ||
| Q2 24 | 3.4% | 2.2% | ||
| Q1 24 | 2.9% | — |
| Q4 25 | 1.42× | 1.81× | ||
| Q3 25 | 1.59× | 1.47× | ||
| Q2 25 | 1.28× | 1.75× | ||
| Q1 25 | 0.28× | — | ||
| Q4 24 | 1.53× | 1.45× | ||
| Q3 24 | 8.93× | — | ||
| Q2 24 | 1.85× | 1.59× | ||
| 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% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
