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MARZETTI CO（MZTI）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Royalty Pharma plc的季度营收约是MARZETTI CO的1.2倍（$622.0M vs $518.0M），Royalty Pharma plc净利率更高（34.4% vs 11.4%，领先23.0%），Royalty Pharma plc同比增速更快（4.8% vs 1.7%），过去两年MARZETTI CO的营收复合增速更高（4.8% vs 4.6%）
T.马泽蒂公司是兰开斯特殖民地集团旗下的特色食品事业部，生产沙拉酱、果蔬蘸酱、冷冻烘焙食品及多款特色品牌产品，是俄亥俄州中部规模最大的食品饮料企业之一，总部位于俄亥俄州韦斯特维尔，由特蕾莎·马泽蒂创立。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
MZTI vs RPRX — 直观对比
营收规模更大
RPRX
是对方的1.2倍
$518.0M
营收增速更快
RPRX
高出3.1%
1.7%
净利率更高
RPRX
高出23.0%
11.4%
两年增速更快
MZTI
近两年复合增速
4.6%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $518.0M | $622.0M |
| 净利润 | $59.1M | $214.2M |
| 毛利率 | 26.5% | — |
| 营业利润率 | 14.5% | 62.4% |
| 净利率 | 11.4% | 34.4% |
| 营收同比 | 1.7% | 4.8% |
| 净利润同比 | 20.6% | 2.9% |
| 每股收益（稀释后） | $2.15 | $0.49 |
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MZTIRPRX
| Q4 25 | $518.0M | $622.0M | ||
| Q3 25 | $493.5M | $609.3M | ||
| Q2 25 | $475.4M | $578.7M | ||
| Q1 25 | $457.8M | $568.2M | ||
| Q4 24 | $509.3M | $593.6M | ||
| Q3 24 | $466.6M | $564.7M | ||
| Q2 24 | $452.8M | $537.3M | ||
| Q1 24 | $471.4M | $568.0M |
净利润MZTIRPRX
| Q4 25 | $59.1M | $214.2M | ||
| Q3 25 | $47.2M | $288.2M | ||
| Q2 25 | $32.5M | $30.2M | ||
| Q1 25 | $41.1M | $238.3M | ||
| Q4 24 | $49.0M | $208.2M | ||
| Q3 24 | $44.7M | $544.0M | ||
| Q2 24 | $34.8M | $102.0M | ||
| Q1 24 | $28.4M | $4.8M |
毛利率MZTIRPRX
| Q4 25 | 26.5% | — | ||
| Q3 25 | 24.1% | — | ||
| Q2 25 | 22.3% | — | ||
| Q1 25 | 23.1% | — | ||
| Q4 24 | 26.1% | — | ||
| Q3 24 | 23.8% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 22.2% | — |
营业利润率MZTIRPRX
| Q4 25 | 14.5% | 62.4% | ||
| Q3 25 | 12.0% | 70.1% | ||
| Q2 25 | 8.2% | 36.3% | ||
| Q1 25 | 10.9% | 94.0% | ||
| Q4 24 | 14.9% | 60.9% | ||
| Q3 24 | 12.0% | — | ||
| Q2 24 | 9.2% | 50.2% | ||
| Q1 24 | 7.5% | -13.0% |
净利率MZTIRPRX
| Q4 25 | 11.4% | 34.4% | ||
| Q3 25 | 9.6% | 47.3% | ||
| Q2 25 | 6.8% | 5.2% | ||
| Q1 25 | 9.0% | 41.9% | ||
| Q4 24 | 9.6% | 35.1% | ||
| Q3 24 | 9.6% | 96.3% | ||
| Q2 24 | 7.7% | 19.0% | ||
| Q1 24 | 6.0% | 0.8% |
每股收益（稀释后）MZTIRPRX
| Q4 25 | $2.15 | $0.49 | ||
| Q3 25 | $1.71 | $0.67 | ||
| Q2 25 | $1.18 | $0.07 | ||
| Q1 25 | $1.49 | $0.55 | ||
| Q4 24 | $1.78 | $0.46 | ||
| Q3 24 | $1.62 | $1.21 | ||
| Q2 24 | $1.27 | $0.23 | ||
| Q1 24 | $1.03 | $0.01 |
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 | $201.6M | $618.7M |
| 总债务越低越好 | — | $9.0B |
| 股东权益账面价值 | $1.0B | $9.7B |
| 总资产 | $1.3B | $19.6B |
| 负债/权益比越低杠杆越低 | — | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资MZTIRPRX
| Q4 25 | $201.6M | $618.7M | ||
| Q3 25 | $182.2M | $938.9M | ||
| Q2 25 | $161.5M | $631.9M | ||
| Q1 25 | $124.6M | $1.1B | ||
| Q4 24 | $203.1M | $929.0M | ||
| Q3 24 | $135.1M | $950.1M | ||
| Q2 24 | $163.4M | $1.8B | ||
| Q1 24 | $164.8M | $843.0M |
总债务MZTIRPRX
| Q4 25 | — | $9.0B | ||
| Q3 25 | — | $8.9B | ||
| Q2 25 | — | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | — | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益MZTIRPRX
| Q4 25 | $1.0B | $9.7B | ||
| Q3 25 | $1.0B | $9.6B | ||
| Q2 25 | $998.5M | $9.5B | ||
| Q1 25 | $996.2M | $9.8B | ||
| Q4 24 | $979.9M | $10.3B | ||
| Q3 24 | $945.1M | $10.3B | ||
| Q2 24 | $925.8M | $9.8B | ||
| Q1 24 | $912.9M | $9.9B |
总资产MZTIRPRX
| Q4 25 | $1.3B | $19.6B | ||
| Q3 25 | $1.3B | $19.3B | ||
| Q2 25 | $1.3B | $18.3B | ||
| Q1 25 | $1.3B | $17.6B | ||
| Q4 24 | $1.2B | $18.2B | ||
| Q3 24 | $1.2B | $18.0B | ||
| Q2 24 | $1.2B | $17.7B | ||
| Q1 24 | $1.2B | $16.1B |
负债/权益比MZTIRPRX
| Q4 25 | — | 0.92× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.62× |
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 | $88.6M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $70.9M | — |
| 自由现金流率自由现金流/营收 | 13.7% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.50× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $229.5M | — |
8季度趋势，按日历期对齐
经营现金流MZTIRPRX
| Q4 25 | $88.6M | $827.1M | ||
| Q3 25 | $69.5M | $702.6M | ||
| Q2 25 | $88.2M | $364.0M | ||
| Q1 25 | $45.8M | $596.1M | ||
| Q4 24 | $107.6M | $742.5M | ||
| Q3 24 | $19.9M | $703.6M | ||
| Q2 24 | $34.1M | $658.2M | ||
| Q1 24 | $75.9M | $664.6M |
自由现金流MZTIRPRX
| Q4 25 | $70.9M | — | ||
| Q3 25 | $53.9M | — | ||
| Q2 25 | $73.9M | — | ||
| Q1 25 | $30.8M | — | ||
| Q4 24 | $96.6M | — | ||
| Q3 24 | $2.3M | — | ||
| Q2 24 | $18.5M | — | ||
| Q1 24 | $61.1M | — |
自由现金流率MZTIRPRX
| Q4 25 | 13.7% | — | ||
| Q3 25 | 10.9% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 6.7% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 0.5% | — | ||
| Q2 24 | 4.1% | — | ||
| Q1 24 | 13.0% | — |
资本支出强度MZTIRPRX
| Q4 25 | 3.4% | — | ||
| Q3 25 | 3.2% | — | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | 3.3% | — | ||
| Q4 24 | 2.2% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 3.2% | — |
现金转化率MZTIRPRX
| Q4 25 | 1.50× | 3.86× | ||
| Q3 25 | 1.47× | 2.44× | ||
| Q2 25 | 2.71× | 12.06× | ||
| Q1 25 | 1.11× | 2.50× | ||
| Q4 24 | 2.20× | 3.57× | ||
| Q3 24 | 0.45× | 1.29× | ||
| Q2 24 | 0.98× | 6.45× | ||
| Q1 24 | 2.68× | 139.10× |
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
MZTI
| National Accounts | $177.4M | 34% |
| Dressings And Sauces | $169.5M | 33% |
| Frozen Breads And Other | $62.7M | 12% |
| Branded And Other | $54.8M | 11% |
| Refrigerated Dressings Dips And Other | $46.2M | 9% |
| Other Dressings And Sauces For TSA | $8.2M | 2% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
