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NATIONAL RESEARCH CORP（NRC）与万物新生（RERE）财务数据对比。点击上方公司名可切换其他公司
万物新生的季度营收约是NATIONAL RESEARCH CORP的1.2倍（$43.2M vs $35.2M），万物新生净利率更高（16.9% vs 5.1%，领先11.8%）
NRC Health（原国家研究公司）是一家美国医疗健康企业，1981年成立，总部位于内布拉斯加州林肯市。公司主要在美加两国提供医疗健康相关产品及订阅式解决方案，深耕区域医疗健康服务领域。
万物新生集团（ATRenew Inc.）是中国领先的二手消费电子产品交易与服务平台运营商，核心业务覆盖数码产品回收、质检、翻新及售卖，运营有爱回收等知名品牌，服务覆盖个人消费者及企业客户，市场遍及国内及部分东南亚地区。
NRC vs RERE — 直观对比
营收规模更大
RERE
是对方的1.2倍
$35.2M
净利率更高
RERE
高出11.8%
5.1%
损益表 — Q4 FY2025 vs Q1 FY2023
| 指标 | | |
|---|---|---|
| 营收 | $35.2M | $43.2M |
| 净利润 | $1.8M | $7.3M |
| 毛利率 | — | — |
| 营业利润率 | 13.3% | — |
| 净利率 | 5.1% | 16.9% |
| 营收同比 | -4.6% | — |
| 净利润同比 | -72.6% | — |
| 每股收益（稀释后） | $49.58 | — |
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NRCRERE
| Q4 25 | $35.2M | — | ||
| Q3 25 | $34.6M | — | ||
| Q2 25 | $34.0M | — | ||
| Q1 25 | $33.6M | — | ||
| Q4 24 | $36.9M | — | ||
| Q3 24 | $35.8M | — | ||
| Q2 24 | $35.0M | — | ||
| Q1 24 | $35.3M | — |
净利润NRCRERE
| Q4 25 | $1.8M | — | ||
| Q3 25 | $4.1M | — | ||
| Q2 25 | $-106.0K | — | ||
| Q1 25 | $5.8M | — | ||
| Q4 24 | $6.6M | — | ||
| Q3 24 | $5.7M | — | ||
| Q2 24 | $6.2M | — | ||
| Q1 24 | $6.4M | — |
营业利润率NRCRERE
| Q4 25 | 13.3% | — | ||
| Q3 25 | 22.4% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 25.6% | — | ||
| Q4 24 | 26.0% | — | ||
| Q3 24 | 22.3% | — | ||
| Q2 24 | 25.3% | — | ||
| Q1 24 | 24.8% | — |
净利率NRCRERE
| Q4 25 | 5.1% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | -0.3% | — | ||
| Q1 25 | 17.2% | — | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 17.6% | — | ||
| Q1 24 | 18.0% | — |
每股收益（稀释后）NRCRERE
| Q4 25 | $49.58 | — | ||
| Q3 25 | $0.18 | — | ||
| Q2 25 | $-0.01 | — | ||
| Q1 25 | $0.25 | — | ||
| Q4 24 | $0.27 | — | ||
| Q3 24 | $0.24 | — | ||
| Q2 24 | $0.26 | — | ||
| Q1 24 | $0.27 | — |
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 | $4.1M | $228.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $14.0M | $557.1M |
| 总资产 | $134.9M | $722.9M |
| 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NRCRERE
| Q4 25 | $4.1M | — | ||
| Q3 25 | $2.2M | — | ||
| Q2 25 | $5.3M | — | ||
| Q1 25 | $2.5M | — | ||
| Q4 24 | $4.2M | — | ||
| Q3 24 | $3.5M | — | ||
| Q2 24 | $485.0K | — | ||
| Q1 24 | $1.7M | — |
总债务NRCRERE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $48.7M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $35.2M | — |
股东权益NRCRERE
| Q4 25 | $14.0M | — | ||
| Q3 25 | $14.3M | — | ||
| Q2 25 | $21.3M | — | ||
| Q1 25 | $29.7M | — | ||
| Q4 24 | $31.3M | — | ||
| Q3 24 | $34.6M | — | ||
| Q2 24 | $40.2M | — | ||
| Q1 24 | $36.9M | — |
总资产NRCRERE
| Q4 25 | $134.9M | — | ||
| Q3 25 | $135.7M | — | ||
| Q2 25 | $141.4M | — | ||
| Q1 25 | $135.2M | — | ||
| Q4 24 | $132.5M | — | ||
| Q3 24 | $131.8M | — | ||
| Q2 24 | $119.1M | — | ||
| Q1 24 | $120.9M | — |
负债/权益比NRCRERE
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.41× | — | ||
| Q2 24 | 0.83× | — | ||
| Q1 24 | 0.95× | — |
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 | $7.2M | — |
| 自由现金流经营现金流 - 资本支出 | $6.1M | — |
| 自由现金流率自由现金流/营收 | 17.2% | — |
| 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 | 3.99× | — |
| 过去12个月自由现金流最近4个季度 | $15.7M | — |
8季度趋势，按日历期对齐
经营现金流NRCRERE
| Q4 25 | $7.2M | — | ||
| Q3 25 | $13.8M | — | ||
| Q2 25 | $-1.1M | — | ||
| Q1 25 | $6.6M | — | ||
| Q4 24 | $6.4M | — | ||
| Q3 24 | $9.4M | — | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $12.0M | — |
自由现金流NRCRERE
| Q4 25 | $6.1M | — | ||
| Q3 25 | $10.2M | — | ||
| Q2 25 | $-4.1M | — | ||
| Q1 25 | $3.7M | — | ||
| Q4 24 | $1.9M | — | ||
| Q3 24 | $7.8M | — | ||
| Q2 24 | $1.5M | — | ||
| Q1 24 | $7.9M | — |
自由现金流率NRCRERE
| Q4 25 | 17.2% | — | ||
| Q3 25 | 29.4% | — | ||
| Q2 25 | -12.2% | — | ||
| Q1 25 | 10.9% | — | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 22.4% | — |
资本支出强度NRCRERE
| Q4 25 | 3.2% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 8.8% | — | ||
| Q1 25 | 8.9% | — | ||
| Q4 24 | 12.0% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 15.0% | — | ||
| Q1 24 | 11.7% | — |
现金转化率NRCRERE
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 1.15× | — | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 1.66× | — | ||
| Q2 24 | 1.10× | — | ||
| Q1 24 | 1.89× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
