vs
巴诺书店（NE）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
巴诺书店的季度营收约是RBC Bearings INC的1.7倍（$764.4M vs $461.6M），RBC Bearings INC净利率更高（14.6% vs 11.3%，领先3.3%），RBC Bearings INC同比增速更快（17.0% vs -17.6%），RBC Bearings INC自由现金流更多（$99.1M vs $35.4M），过去两年巴诺书店的营收复合增速更高（9.5% vs 5.6%）
巴诺书店是美国知名连锁图书零售企业，拥有全美数量最多的实体零售网点，目前在美国境内共运营超过700家线下门店，为消费者提供各类书籍、文创产品及相关文化消费服务。
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。
NE vs RBC — 直观对比
营收规模更大
NE
是对方的1.7倍
$461.6M
营收增速更快
RBC
高出34.6%
-17.6%
净利率更高
RBC
高出3.3%
11.3%
自由现金流更多
RBC
多$63.7M
$35.4M
两年增速更快
NE
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $764.4M | $461.6M |
| 净利润 | $86.6M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 5.6% | 22.3% |
| 净利率 | 11.3% | 14.6% |
| 营收同比 | -17.6% | 17.0% |
| 净利润同比 | -10.4% | 16.4% |
| 每股收益（稀释后） | $0.54 | $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
营收NERBC
| Q4 25 | $764.4M | $461.6M | ||
| Q3 25 | $798.0M | $455.3M | ||
| Q2 25 | $848.7M | $436.0M | ||
| Q1 25 | $874.5M | $437.7M | ||
| Q4 24 | $927.3M | $394.4M | ||
| Q3 24 | $800.5M | $397.9M | ||
| Q2 24 | $692.8M | $406.3M | ||
| Q1 24 | $637.1M | $413.7M |
净利润NERBC
| Q4 25 | $86.6M | $67.4M | ||
| Q3 25 | $-21.1M | $60.0M | ||
| Q2 25 | $42.9M | $68.5M | ||
| Q1 25 | $108.3M | $72.7M | ||
| Q4 24 | $96.6M | $57.9M | ||
| Q3 24 | $61.2M | $54.2M | ||
| Q2 24 | $195.0M | $61.4M | ||
| Q1 24 | $95.5M | — |
毛利率NERBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率NERBC
| Q4 25 | 5.6% | 22.3% | ||
| Q3 25 | 6.3% | 21.5% | ||
| Q2 25 | 15.9% | 23.2% | ||
| Q1 25 | 21.4% | 23.0% | ||
| Q4 24 | 18.4% | 21.7% | ||
| Q3 24 | 14.4% | 21.6% | ||
| Q2 24 | 30.3% | 24.0% | ||
| Q1 24 | 16.9% | 22.8% |
净利率NERBC
| Q4 25 | 11.3% | 14.6% | ||
| Q3 25 | -2.6% | 13.2% | ||
| Q2 25 | 5.1% | 15.7% | ||
| Q1 25 | 12.4% | 16.6% | ||
| Q4 24 | 10.4% | 14.7% | ||
| Q3 24 | 7.6% | 13.6% | ||
| Q2 24 | 28.1% | 15.1% | ||
| Q1 24 | 15.0% | — |
每股收益（稀释后）NERBC
| Q4 25 | $0.54 | $2.13 | ||
| Q3 25 | $-0.13 | $1.90 | ||
| Q2 25 | $0.27 | $2.17 | ||
| Q1 25 | $0.67 | $2.33 | ||
| Q4 24 | $0.56 | $1.82 | ||
| Q3 24 | $0.40 | $1.65 | ||
| Q2 24 | $1.34 | $1.90 | ||
| Q1 24 | $0.66 | $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 | $471.4M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $4.5B | $3.3B |
| 总资产 | $7.5B | $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
现金及短期投资NERBC
| Q4 25 | $471.4M | $107.6M | ||
| Q3 25 | $477.9M | $91.2M | ||
| Q2 25 | $338.2M | $132.9M | ||
| Q1 25 | $303.8M | $36.8M | ||
| Q4 24 | $247.3M | — | ||
| Q3 24 | $391.9M | — | ||
| Q2 24 | $162.9M | $76.8M | ||
| Q1 24 | $212.5M | $63.5M |
总债务NERBC
| 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 |
股东权益NERBC
| Q4 25 | $4.5B | $3.3B | ||
| Q3 25 | $4.5B | $3.2B | ||
| Q2 25 | $4.6B | $3.1B | ||
| Q1 25 | $4.7B | $3.0B | ||
| Q4 24 | $4.7B | $2.9B | ||
| Q3 24 | $4.7B | $2.9B | ||
| Q2 24 | $4.0B | $2.8B | ||
| Q1 24 | $3.9B | $2.8B |
总资产NERBC
| Q4 25 | $7.5B | $5.1B | ||
| Q3 25 | $7.6B | $5.1B | ||
| Q2 25 | $7.7B | $4.8B | ||
| Q1 25 | $7.9B | $4.7B | ||
| Q4 24 | $8.0B | $4.7B | ||
| Q3 24 | $8.0B | $4.7B | ||
| Q2 24 | $5.6B | $4.7B | ||
| Q1 24 | $5.4B | $4.7B |
负债/权益比NERBC
| 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 | $187.1M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $35.4M | $99.1M |
| 自由现金流率自由现金流/营收 | 4.6% | 21.5% |
| 资本支出强度资本支出/营收 | 19.9% | 5.0% |
| 现金转化率经营现金流/净利润 | 2.16× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $432.2M | — |
8季度趋势，按日历期对齐
经营现金流NERBC
| Q4 25 | $187.1M | $122.1M | ||
| Q3 25 | $277.1M | $88.4M | ||
| Q2 25 | $216.4M | $120.0M | ||
| Q1 25 | $271.1M | — | ||
| Q4 24 | $136.2M | $84.0M | ||
| Q3 24 | $283.8M | — | ||
| Q2 24 | $106.8M | $97.4M | ||
| Q1 24 | $128.7M | — |
自由现金流NERBC
| Q4 25 | $35.4M | $99.1M | ||
| Q3 25 | $139.5M | $71.7M | ||
| Q2 25 | $99.8M | $104.3M | ||
| Q1 25 | $157.5M | — | ||
| Q4 24 | $-4.4M | $73.6M | ||
| Q3 24 | $156.8M | — | ||
| Q2 24 | $-34.3M | $88.4M | ||
| Q1 24 | $-37.9M | — |
自由现金流率NERBC
| Q4 25 | 4.6% | 21.5% | ||
| Q3 25 | 17.5% | 15.7% | ||
| Q2 25 | 11.8% | 23.9% | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | -0.5% | 18.7% | ||
| Q3 24 | 19.6% | — | ||
| Q2 24 | -4.9% | 21.8% | ||
| Q1 24 | -6.0% | — |
资本支出强度NERBC
| Q4 25 | 19.9% | 5.0% | ||
| Q3 25 | 17.3% | 3.7% | ||
| Q2 25 | 13.7% | 3.6% | ||
| Q1 25 | 13.0% | 3.2% | ||
| Q4 24 | 15.2% | 2.6% | ||
| Q3 24 | 15.9% | 4.1% | ||
| Q2 24 | 20.4% | 2.2% | ||
| Q1 24 | 26.2% | — |
现金转化率NERBC
| Q4 25 | 2.16× | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | 5.05× | 1.75× | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | 1.45× | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | 1.59× | ||
| Q1 24 | 1.35× | — |
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
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
