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NETSCOUT SYSTEMS INC（NTCT）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
RBC Bearings INC的季度营收约是NETSCOUT SYSTEMS INC的1.8倍（$461.6M vs $250.7M），NETSCOUT SYSTEMS INC净利率更高（22.0% vs 14.6%，领先7.4%），RBC Bearings INC同比增速更快（17.0% vs -0.5%），RBC Bearings INC自由现金流更多（$99.1M vs $59.3M），过去两年NETSCOUT SYSTEMS INC的营收复合增速更高（11.0% vs 5.6%）
NETSCOUT SYSTEMS INC是美国科技企业，1984年由阿尼尔·辛哈尔与纳伦德拉·波帕特创立，前身为Frontier Software，总部位于马萨诸塞州韦斯特福德。公司专注于软件可观测性、深度数据包检测、DDoS防护及AIOps领域，为客户提供相关技术解决方案。
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。
NTCT vs RBC — 直观对比
营收规模更大
RBC
是对方的1.8倍
$250.7M
营收增速更快
RBC
高出17.6%
-0.5%
净利率更高
NTCT
高出7.4%
14.6%
自由现金流更多
RBC
多$39.8M
$59.3M
两年增速更快
NTCT
近两年复合增速
5.6%
损益表 — Q3 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $250.7M | $461.6M |
| 净利润 | $55.1M | $67.4M |
| 毛利率 | 81.6% | 44.3% |
| 营业利润率 | 25.7% | 22.3% |
| 净利率 | 22.0% | 14.6% |
| 营收同比 | -0.5% | 17.0% |
| 净利润同比 | 13.0% | 16.4% |
| 每股收益（稀释后） | $0.75 | $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NTCTRBC
| Q4 25 | $250.7M | $461.6M | ||
| Q3 25 | $219.0M | $455.3M | ||
| Q2 25 | $186.7M | $436.0M | ||
| Q1 25 | $205.0M | $437.7M | ||
| Q4 24 | $252.0M | $394.4M | ||
| Q3 24 | $191.1M | $397.9M | ||
| Q2 24 | $174.6M | $406.3M | ||
| Q1 24 | $203.4M | $413.7M |
净利润NTCTRBC
| Q4 25 | $55.1M | $67.4M | ||
| Q3 25 | $25.8M | $60.0M | ||
| Q2 25 | $-3.7M | $68.5M | ||
| Q1 25 | $18.6M | $72.7M | ||
| Q4 24 | $48.8M | $57.9M | ||
| Q3 24 | $9.0M | $54.2M | ||
| Q2 24 | $-443.4M | $61.4M | ||
| Q1 24 | $-32.4M | — |
毛利率NTCTRBC
| Q4 25 | 81.6% | 44.3% | ||
| Q3 25 | 80.1% | 44.1% | ||
| Q2 25 | 76.7% | 44.8% | ||
| Q1 25 | 77.7% | 44.2% | ||
| Q4 24 | 81.5% | 44.3% | ||
| Q3 24 | 78.0% | 43.7% | ||
| Q2 24 | 74.6% | 45.3% | ||
| Q1 24 | 75.3% | 43.1% |
营业利润率NTCTRBC
| Q4 25 | 25.7% | 22.3% | ||
| Q3 25 | 14.8% | 21.5% | ||
| Q2 25 | -3.5% | 23.2% | ||
| Q1 25 | 9.7% | 23.0% | ||
| Q4 24 | 24.5% | 21.7% | ||
| Q3 24 | 7.4% | 21.6% | ||
| Q2 24 | -265.4% | 24.0% | ||
| Q1 24 | -18.2% | 22.8% |
净利率NTCTRBC
| Q4 25 | 22.0% | 14.6% | ||
| Q3 25 | 11.8% | 13.2% | ||
| Q2 25 | -2.0% | 15.7% | ||
| Q1 25 | 9.1% | 16.6% | ||
| Q4 24 | 19.4% | 14.7% | ||
| Q3 24 | 4.7% | 13.6% | ||
| Q2 24 | -254.0% | 15.1% | ||
| Q1 24 | -15.9% | — |
每股收益（稀释后）NTCTRBC
| Q4 25 | $0.75 | $2.13 | ||
| Q3 25 | $0.35 | $1.90 | ||
| Q2 25 | $-0.05 | $2.17 | ||
| Q1 25 | $0.28 | $2.33 | ||
| Q4 24 | $0.67 | $1.82 | ||
| Q3 24 | $0.13 | $1.65 | ||
| Q2 24 | $-6.20 | $1.90 | ||
| Q1 24 | $-0.43 | $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 | $540.6M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $1.6B | $3.3B |
| 总资产 | $2.3B | $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NTCTRBC
| Q4 25 | $540.6M | $107.6M | ||
| Q3 25 | $483.4M | $91.2M | ||
| Q2 25 | $489.6M | $132.9M | ||
| Q1 25 | $457.4M | $36.8M | ||
| Q4 24 | $398.4M | — | ||
| Q3 24 | $363.4M | — | ||
| Q2 24 | $362.2M | $76.8M | ||
| Q1 24 | $389.7M | $63.5M |
总债务NTCTRBC
| 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NTCTRBC
| Q4 25 | $1.6B | $3.3B | ||
| Q3 25 | $1.6B | $3.2B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.6B | $3.0B | ||
| Q4 24 | $1.5B | $2.9B | ||
| Q3 24 | $1.5B | $2.9B | ||
| Q2 24 | $1.4B | $2.8B | ||
| Q1 24 | $1.9B | $2.8B |
总资产NTCTRBC
| Q4 25 | $2.3B | $5.1B | ||
| Q3 25 | $2.2B | $5.1B | ||
| Q2 25 | $2.2B | $4.8B | ||
| Q1 25 | $2.2B | $4.7B | ||
| Q4 24 | $2.2B | $4.7B | ||
| Q3 24 | $2.1B | $4.7B | ||
| Q2 24 | $2.1B | $4.7B | ||
| Q1 24 | $2.6B | $4.7B |
负债/权益比NTCTRBC
| 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 | $62.1M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $59.3M | $99.1M |
| 自由现金流率自由现金流/营收 | 23.6% | 21.5% |
| 资本支出强度资本支出/营收 | 1.1% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.13× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $275.5M | — |
8季度趋势，按日历期对齐
经营现金流NTCTRBC
| Q4 25 | $62.1M | $122.1M | ||
| Q3 25 | $6.7M | $88.4M | ||
| Q2 25 | $73.6M | $120.0M | ||
| Q1 25 | $141.5M | — | ||
| Q4 24 | $41.5M | $84.0M | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $38.4M | $97.4M | ||
| Q1 24 | $93.6M | — |
自由现金流NTCTRBC
| Q4 25 | $59.3M | $99.1M | ||
| Q3 25 | $4.4M | $71.7M | ||
| Q2 25 | $71.7M | $104.3M | ||
| Q1 25 | $140.1M | — | ||
| Q4 24 | $39.6M | $73.6M | ||
| Q3 24 | $-4.6M | — | ||
| Q2 24 | $37.2M | $88.4M | ||
| Q1 24 | $92.0M | — |
自由现金流率NTCTRBC
| Q4 25 | 23.6% | 21.5% | ||
| Q3 25 | 2.0% | 15.7% | ||
| Q2 25 | 38.4% | 23.9% | ||
| Q1 25 | 68.4% | — | ||
| Q4 24 | 15.7% | 18.7% | ||
| Q3 24 | -2.4% | — | ||
| Q2 24 | 21.3% | 21.8% | ||
| Q1 24 | 45.2% | — |
资本支出强度NTCTRBC
| Q4 25 | 1.1% | 5.0% | ||
| Q3 25 | 1.0% | 3.7% | ||
| Q2 25 | 1.0% | 3.6% | ||
| Q1 25 | 0.7% | 3.2% | ||
| Q4 24 | 0.7% | 2.6% | ||
| Q3 24 | 0.5% | 4.1% | ||
| Q2 24 | 0.7% | 2.2% | ||
| Q1 24 | 0.8% | — |
现金转化率NTCTRBC
| Q4 25 | 1.13× | 1.81× | ||
| Q3 25 | 0.26× | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 7.60× | — | ||
| Q4 24 | 0.85× | 1.45× | ||
| Q3 24 | -0.41× | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | — | — |
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
NTCT
| Services | $129.0M | 51% |
| Products | $121.7M | 49% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
