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NCR Atleos Corp（NATL）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
NCR Atleos Corp的季度营收约是Royalty Pharma plc的1.9倍（$1.2B vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 7.2%，领先27.2%），Royalty Pharma plc同比增速更快（4.8% vs 4.0%），过去两年NCR Atleos Corp的营收复合增速更高（4.9% vs 4.6%）
NCR Atleos Corp 前身为NCR公司（National Cash Register），是全球知名的软件、咨询与技术企业，提供多元专业服务与电子产品，业务覆盖自助服务 kiosk、销售点终端、自动柜员机、支票处理系统、条码扫描器等商用软硬件的研发与生产，服务全球各行业客户的数字化运营需求。
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。
NATL vs RPRX — 直观对比
营收规模更大
NATL
是对方的1.9倍
$622.0M
营收增速更快
RPRX
高出0.8%
4.0%
净利率更高
RPRX
高出27.2%
7.2%
两年增速更快
NATL
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $622.0M |
| 净利润 | $83.0M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 13.5% | 62.4% |
| 净利率 | 7.2% | 34.4% |
| 营收同比 | 4.0% | 4.8% |
| 净利润同比 | 102.4% | 2.9% |
| 每股收益（稀释后） | $1.09 | $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NATLRPRX
| Q4 25 | $1.2B | $622.0M | ||
| Q3 25 | $1.1B | $609.3M | ||
| Q2 25 | $1.1B | $578.7M | ||
| Q1 25 | $979.0M | $568.2M | ||
| Q4 24 | $1.1B | $593.6M | ||
| Q3 24 | $1.1B | $564.7M | ||
| Q2 24 | $1.1B | $537.3M | ||
| Q1 24 | $1.0B | $568.0M |
净利润NATLRPRX
| Q4 25 | $83.0M | $214.2M | ||
| Q3 25 | $26.0M | $288.2M | ||
| Q2 25 | $39.0M | $30.2M | ||
| Q1 25 | $14.0M | $238.3M | ||
| Q4 24 | $41.0M | $208.2M | ||
| Q3 24 | $21.0M | $544.0M | ||
| Q2 24 | $27.0M | $102.0M | ||
| Q1 24 | $-9.0M | $4.8M |
营业利润率NATLRPRX
| Q4 25 | 13.5% | 62.4% | ||
| Q3 25 | 9.8% | 70.1% | ||
| Q2 25 | 10.8% | 36.3% | ||
| Q1 25 | 9.5% | 94.0% | ||
| Q4 24 | 13.4% | 60.9% | ||
| Q3 24 | 10.6% | — | ||
| Q2 24 | 9.8% | 50.2% | ||
| Q1 24 | 6.5% | -13.0% |
净利率NATLRPRX
| Q4 25 | 7.2% | 34.4% | ||
| Q3 25 | 2.3% | 47.3% | ||
| Q2 25 | 3.5% | 5.2% | ||
| Q1 25 | 1.4% | 41.9% | ||
| Q4 24 | 3.7% | 35.1% | ||
| Q3 24 | 2.0% | 96.3% | ||
| Q2 24 | 2.5% | 19.0% | ||
| Q1 24 | -0.9% | 0.8% |
每股收益（稀释后）NATLRPRX
| Q4 25 | $1.09 | $0.49 | ||
| Q3 25 | $0.34 | $0.67 | ||
| Q2 25 | $0.52 | $0.07 | ||
| Q1 25 | $0.19 | $0.55 | ||
| Q4 24 | $0.56 | $0.46 | ||
| Q3 24 | $0.28 | $1.21 | ||
| Q2 24 | $0.37 | $0.23 | ||
| Q1 24 | $-0.13 | $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 | $456.0M | $618.7M |
| 总债务越低越好 | $2.7B | $9.0B |
| 股东权益账面价值 | $403.0M | $9.7B |
| 总资产 | $5.7B | $19.6B |
| 负债/权益比越低杠杆越低 | 6.63× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资NATLRPRX
| Q4 25 | $456.0M | $618.7M | ||
| Q3 25 | $412.0M | $938.9M | ||
| Q2 25 | $357.0M | $631.9M | ||
| Q1 25 | $352.0M | $1.1B | ||
| Q4 24 | $419.0M | $929.0M | ||
| Q3 24 | $395.0M | $950.1M | ||
| Q2 24 | $374.0M | $1.8B | ||
| Q1 24 | $343.0M | $843.0M |
总债务NATLRPRX
| Q4 25 | $2.7B | $9.0B | ||
| Q3 25 | $2.8B | $8.9B | ||
| Q2 25 | $2.8B | $8.0B | ||
| Q1 25 | — | $7.6B | ||
| Q4 24 | $2.9B | $7.6B | ||
| Q3 24 | — | $7.6B | ||
| Q2 24 | — | $7.6B | ||
| Q1 24 | — | $6.1B |
股东权益NATLRPRX
| Q4 25 | $403.0M | $9.7B | ||
| Q3 25 | $330.0M | $9.6B | ||
| Q2 25 | $350.0M | $9.5B | ||
| Q1 25 | $275.0M | $9.8B | ||
| Q4 24 | $219.0M | $10.3B | ||
| Q3 24 | $264.0M | $10.3B | ||
| Q2 24 | $250.0M | $9.8B | ||
| Q1 24 | $283.0M | $9.9B |
总资产NATLRPRX
| Q4 25 | $5.7B | $19.6B | ||
| Q3 25 | $5.7B | $19.3B | ||
| Q2 25 | $5.8B | $18.3B | ||
| Q1 25 | $5.7B | $17.6B | ||
| Q4 24 | $5.5B | $18.2B | ||
| Q3 24 | $5.7B | $18.0B | ||
| Q2 24 | $5.8B | $17.7B | ||
| Q1 24 | $5.8B | $16.1B |
负债/权益比NATLRPRX
| Q4 25 | 6.63× | 0.92× | ||
| Q3 25 | 8.45× | 0.93× | ||
| Q2 25 | 8.05× | 0.84× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | 13.05× | 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 | $231.0M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $194.0M | — |
| 自由现金流率自由现金流/营收 | 16.8% | — |
| 资本支出强度资本支出/营收 | 3.2% | — |
| 现金转化率经营现金流/净利润 | 2.78× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $239.0M | — |
8季度趋势，按日历期对齐
经营现金流NATLRPRX
| Q4 25 | $231.0M | $827.1M | ||
| Q3 25 | $25.0M | $702.6M | ||
| Q2 25 | $-23.0M | $364.0M | ||
| Q1 25 | $123.0M | $596.1M | ||
| Q4 24 | $80.0M | $742.5M | ||
| Q3 24 | $107.0M | $703.6M | ||
| Q2 24 | $9.0M | $658.2M | ||
| Q1 24 | $148.0M | $664.6M |
自由现金流NATLRPRX
| Q4 25 | $194.0M | — | ||
| Q3 25 | $-5.0M | — | ||
| Q2 25 | $-44.0M | — | ||
| Q1 25 | $94.0M | — | ||
| Q4 24 | $62.0M | — | ||
| Q3 24 | $85.0M | — | ||
| Q2 24 | $-14.0M | — | ||
| Q1 24 | $124.0M | — |
自由现金流率NATLRPRX
| Q4 25 | 16.8% | — | ||
| Q3 25 | -0.4% | — | ||
| Q2 25 | -4.0% | — | ||
| Q1 25 | 9.6% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 7.9% | — | ||
| Q2 24 | -1.3% | — | ||
| Q1 24 | 11.9% | — |
资本支出强度NATLRPRX
| Q4 25 | 3.2% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 1.9% | — | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 2.3% | — |
现金转化率NATLRPRX
| Q4 25 | 2.78× | 3.86× | ||
| Q3 25 | 0.96× | 2.44× | ||
| Q2 25 | -0.59× | 12.06× | ||
| Q1 25 | 8.79× | 2.50× | ||
| Q4 24 | 1.95× | 3.57× | ||
| Q3 24 | 5.10× | 1.29× | ||
| Q2 24 | 0.33× | 6.45× | ||
| Q1 24 | — | 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
NATL
| Services | $848.0M | 74% |
| APJ | $136.0M | 12% |
| Americas Excluding United States | $135.0M | 12% |
| TT | $44.0M | 4% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
