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NL INDUSTRIES INC（NL）与REGENXBIO Inc.（RGNX）财务数据对比。点击上方公司名可切换其他公司
NL INDUSTRIES INC的季度营收约是REGENXBIO Inc.的1.2倍（$37.7M vs $30.3M），NL INDUSTRIES INC净利率更高（-82.2% vs -221.3%，领先139.2%），REGENXBIO Inc.同比增速更快（43.0% vs -1.9%），NL INDUSTRIES INC自由现金流更多（$-4.7M vs $-52.8M），过去两年REGENXBIO Inc.的营收复合增速更高（39.4% vs -0.4%）
NL工业公司前身为国民铅业公司，是一家铅冶炼企业，目前总部位于美国得克萨斯州休斯顿。该企业历史底蕴深厚，早在1896年5月26日道琼斯工业平均指数创立之初，NL工业就是最初纳入指数的12只成分股之一。
REGENXBIO Inc.是一家临床阶段生物技术企业，专注于开发针对罕见及严重遗传疾病的突破性基因疗法。公司拥有专有的腺相关病毒载体技术，既向全球生物制药合作伙伴提供技术授权，也自主推进多疾病领域的基因疗法管线研发。
NL vs RGNX — 直观对比
营收规模更大
NL
是对方的1.2倍
$30.3M
营收增速更快
RGNX
高出44.9%
-1.9%
净利率更高
NL
高出139.2%
-221.3%
自由现金流更多
NL
多$48.0M
$-52.8M
两年增速更快
RGNX
近两年复合增速
-0.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $37.7M | $30.3M |
| 净利润 | $-31.0M | $-67.1M |
| 毛利率 | 32.1% | — |
| 营业利润率 | 7.6% | -190.0% |
| 净利率 | -82.2% | -221.3% |
| 营收同比 | -1.9% | 43.0% |
| 净利润同比 | -287.2% | -31.2% |
| 每股收益（稀释后） | $-0.63 | $-1.30 |
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NLRGNX
| Q4 25 | $37.7M | $30.3M | ||
| Q3 25 | $40.0M | $29.7M | ||
| Q2 25 | $40.4M | $21.4M | ||
| Q1 25 | $40.3M | $89.0M | ||
| Q4 24 | $38.4M | $21.2M | ||
| Q3 24 | $33.7M | $24.2M | ||
| Q2 24 | $35.9M | $22.3M | ||
| Q1 24 | $38.0M | $15.6M |
净利润NLRGNX
| Q4 25 | $-31.0M | $-67.1M | ||
| Q3 25 | $-7.9M | $-61.9M | ||
| Q2 25 | $355.0K | $-70.9M | ||
| Q1 25 | $667.0K | $6.1M | ||
| Q4 24 | $16.5M | $-51.2M | ||
| Q3 24 | $36.0M | $-59.6M | ||
| Q2 24 | $7.8M | $-53.0M | ||
| Q1 24 | $6.8M | $-63.3M |
毛利率NLRGNX
| Q4 25 | 32.1% | — | ||
| Q3 25 | 27.6% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 30.2% | — | ||
| Q4 24 | 28.8% | 70.2% | ||
| Q3 24 | 28.1% | 48.8% | ||
| Q2 24 | 31.1% | 52.5% | ||
| Q1 24 | 25.5% | 72.6% |
营业利润率NLRGNX
| Q4 25 | 7.6% | -190.0% | ||
| Q3 25 | 4.6% | -176.3% | ||
| Q2 25 | 6.9% | -296.3% | ||
| Q1 25 | 7.8% | 13.6% | ||
| Q4 24 | 87.7% | -242.1% | ||
| Q3 24 | 6.0% | -256.6% | ||
| Q2 24 | 2.2% | -251.3% | ||
| Q1 24 | 3.6% | -408.8% |
净利率NLRGNX
| Q4 25 | -82.2% | -221.3% | ||
| Q3 25 | -19.7% | -208.3% | ||
| Q2 25 | 0.9% | -331.8% | ||
| Q1 25 | 1.7% | 6.8% | ||
| Q4 24 | 43.1% | -241.3% | ||
| Q3 24 | 107.0% | -246.3% | ||
| Q2 24 | 21.8% | -237.7% | ||
| Q1 24 | 18.0% | -405.4% |
每股收益（稀释后）NLRGNX
| Q4 25 | $-0.63 | $-1.30 | ||
| Q3 25 | $-0.16 | $-1.20 | ||
| Q2 25 | $0.01 | $-1.38 | ||
| Q1 25 | $0.01 | $0.12 | ||
| Q4 24 | $0.34 | $-0.99 | ||
| Q3 24 | $0.74 | $-1.17 | ||
| Q2 24 | $0.16 | $-1.05 | ||
| Q1 24 | $0.14 | $-1.38 |
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 | $110.6M | $230.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $358.8M | $102.7M |
| 总资产 | $464.2M | $453.0M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资NLRGNX
| Q4 25 | $110.6M | $230.1M | ||
| Q3 25 | $101.9M | $274.2M | ||
| Q2 25 | $111.5M | $323.3M | ||
| Q1 25 | $110.0M | $267.9M | ||
| Q4 24 | $163.2M | $234.7M | ||
| Q3 24 | $146.0M | $255.5M | ||
| Q2 24 | $179.4M | $290.4M | ||
| Q1 24 | $167.9M | $338.7M |
股东权益NLRGNX
| Q4 25 | $358.8M | $102.7M | ||
| Q3 25 | $375.4M | $161.5M | ||
| Q2 25 | $397.6M | $213.7M | ||
| Q1 25 | $397.6M | $274.2M | ||
| Q4 24 | $396.9M | $259.7M | ||
| Q3 24 | $386.0M | $301.4M | ||
| Q2 24 | $373.1M | $348.3M | ||
| Q1 24 | $368.1M | $390.7M |
总资产NLRGNX
| Q4 25 | $464.2M | $453.0M | ||
| Q3 25 | $500.2M | $525.2M | ||
| Q2 25 | $523.7M | $581.0M | ||
| Q1 25 | $520.0M | $490.9M | ||
| Q4 24 | $578.3M | $466.0M | ||
| Q3 24 | $585.6M | $519.1M | ||
| Q2 24 | $580.0M | $569.4M | ||
| Q1 24 | $568.8M | $629.2M |
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 | $-4.2M | $-52.3M |
| 自由现金流经营现金流 - 资本支出 | $-4.7M | $-52.8M |
| 自由现金流率自由现金流/营收 | -12.6% | -174.0% |
| 资本支出强度资本支出/营收 | 1.6% | 1.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-40.1M | $-126.4M |
8季度趋势，按日历期对齐
经营现金流NLRGNX
| Q4 25 | $-4.2M | $-52.3M | ||
| Q3 25 | $7.9M | $-56.0M | ||
| Q2 25 | $7.3M | $-49.3M | ||
| Q1 25 | $-47.5M | $33.6M | ||
| Q4 24 | $9.0M | $-31.6M | ||
| Q3 24 | $-5.7M | $-40.5M | ||
| Q2 24 | $15.5M | $-45.5M | ||
| Q1 24 | $6.7M | $-55.5M |
自由现金流NLRGNX
| Q4 25 | $-4.7M | $-52.8M | ||
| Q3 25 | $7.0M | $-56.5M | ||
| Q2 25 | $5.9M | $-49.7M | ||
| Q1 25 | $-48.3M | $32.6M | ||
| Q4 24 | $8.7M | $-32.7M | ||
| Q3 24 | $-6.1M | $-40.9M | ||
| Q2 24 | $15.1M | $-46.0M | ||
| Q1 24 | $6.4M | $-56.0M |
自由现金流率NLRGNX
| Q4 25 | -12.6% | -174.0% | ||
| Q3 25 | 17.4% | -189.9% | ||
| Q2 25 | 14.7% | -232.8% | ||
| Q1 25 | -119.9% | 36.6% | ||
| Q4 24 | 22.8% | -154.2% | ||
| Q3 24 | -18.3% | -168.9% | ||
| Q2 24 | 42.1% | -206.2% | ||
| Q1 24 | 17.0% | -358.5% |
资本支出强度NLRGNX
| Q4 25 | 1.6% | 1.7% | ||
| Q3 25 | 2.5% | 1.7% | ||
| Q2 25 | 3.3% | 1.8% | ||
| Q1 25 | 2.0% | 1.2% | ||
| Q4 24 | 0.6% | 5.1% | ||
| Q3 24 | 1.4% | 1.3% | ||
| Q2 24 | 1.2% | 2.1% | ||
| Q1 24 | 0.8% | 3.6% |
现金转化率NLRGNX
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 20.53× | — | ||
| Q1 25 | -71.18× | 5.53× | ||
| Q4 24 | 0.54× | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 1.98× | — | ||
| Q1 24 | 0.99× | — |
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
NL
| Security Products | $29.5M | 78% |
| Marine Components | $8.2M | 22% |
RGNX
| Novartis Gene Therapies | $24.2M | 80% |
| Nippon Shinyaku Collaboration And License Agreement | $4.3M | 14% |
| Nippon Shinyaku Services | $1.4M | 5% |
