vs
网件（NTGR）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
网件的季度营收约是STURM RUGER & CO INC的1.2倍（$182.5M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs 0.0%），网件自由现金流更多（$13.6M vs $12.3M），过去两年网件的营收复合增速更高（5.3% vs 5.1%）
网件是总部位于美国加利福尼亚州圣何塞的计算机网络设备企业，在全球约22个国家设有分支机构，面向个人消费者、企业及服务提供商研发生产各类网络硬件，业务分为零售、商业客户、服务供应商三大板块。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
NTGR vs RGR — 直观对比
营收规模更大
NTGR
是对方的1.2倍
$151.1M
营收增速更快
RGR
高出3.6%
0.0%
自由现金流更多
NTGR
多$1.3M
$12.3M
两年增速更快
NTGR
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $182.5M | $151.1M |
| 净利润 | — | — |
| 毛利率 | 40.4% | 17.8% |
| 营业利润率 | -2.6% | 2.3% |
| 净利率 | — | — |
| 营收同比 | 0.0% | 3.6% |
| 净利润同比 | — | — |
| 每股收益（稀释后） | $-0.03 | $0.22 |
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NTGRRGR
| Q4 25 | $182.5M | $151.1M | ||
| Q3 25 | $184.6M | $126.8M | ||
| Q2 25 | $170.5M | $132.5M | ||
| Q1 25 | $162.1M | $135.7M | ||
| Q4 24 | $182.4M | $145.8M | ||
| Q3 24 | $182.9M | $122.3M | ||
| Q2 24 | $143.9M | $130.8M | ||
| Q1 24 | $164.6M | $136.8M |
净利润NTGRRGR
| Q4 25 | — | — | ||
| Q3 25 | $-4.8M | $1.6M | ||
| Q2 25 | $-6.4M | $-17.2M | ||
| Q1 25 | $-6.0M | $7.8M | ||
| Q4 24 | $-8.9M | — | ||
| Q3 24 | $85.1M | $4.7M | ||
| Q2 24 | $-45.2M | $8.3M | ||
| Q1 24 | $-18.6M | $7.1M |
毛利率NTGRRGR
| Q4 25 | 40.4% | 17.8% | ||
| Q3 25 | 39.1% | 15.1% | ||
| Q2 25 | 37.5% | 3.9% | ||
| Q1 25 | 34.8% | 22.0% | ||
| Q4 24 | 32.6% | 22.8% | ||
| Q3 24 | 30.9% | 18.5% | ||
| Q2 24 | 22.1% | 22.3% | ||
| Q1 24 | 29.3% | 21.5% |
营业利润率NTGRRGR
| Q4 25 | -2.6% | 2.3% | ||
| Q3 25 | -3.8% | -2.7% | ||
| Q2 25 | -5.6% | -15.6% | ||
| Q1 25 | -7.9% | 6.2% | ||
| Q4 24 | -8.3% | 7.8% | ||
| Q3 24 | 52.4% | 3.1% | ||
| Q2 24 | -32.6% | 6.9% | ||
| Q1 24 | -13.2% | 5.5% |
净利率NTGRRGR
| Q4 25 | — | — | ||
| Q3 25 | -2.6% | 1.2% | ||
| Q2 25 | -3.8% | -13.0% | ||
| Q1 25 | -3.7% | 5.7% | ||
| Q4 24 | -4.9% | — | ||
| Q3 24 | 46.5% | 3.9% | ||
| Q2 24 | -31.4% | 6.3% | ||
| Q1 24 | -11.3% | 5.2% |
每股收益（稀释后）NTGRRGR
| Q4 25 | $-0.03 | $0.22 | ||
| Q3 25 | $-0.17 | $0.10 | ||
| Q2 25 | $-0.22 | $-1.05 | ||
| Q1 25 | $-0.21 | $0.46 | ||
| Q4 24 | $-0.29 | $0.62 | ||
| Q3 24 | $2.90 | $0.28 | ||
| Q2 24 | $-1.56 | $0.47 | ||
| Q1 24 | $-0.63 | $0.40 |
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 | $323.0M | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $497.8M | $283.8M |
| 总资产 | $836.3M | $342.0M |
| 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NTGRRGR
| Q4 25 | $323.0M | $92.5M | ||
| Q3 25 | $326.4M | $80.8M | ||
| Q2 25 | $363.5M | $101.4M | ||
| Q1 25 | $391.9M | $108.3M | ||
| Q4 24 | $408.7M | $105.5M | ||
| Q3 24 | $395.7M | $96.0M | ||
| Q2 24 | $294.3M | $105.6M | ||
| Q1 24 | $289.4M | $115.3M |
股东权益NTGRRGR
| Q4 25 | $497.8M | $283.8M | ||
| Q3 25 | $506.8M | $279.6M | ||
| Q2 25 | $523.2M | $289.3M | ||
| Q1 25 | $534.2M | $321.5M | ||
| Q4 24 | $541.1M | $319.6M | ||
| Q3 24 | $550.3M | $314.9M | ||
| Q2 24 | $459.4M | $321.5M | ||
| Q1 24 | $511.4M | $332.0M |
总资产NTGRRGR
| Q4 25 | $836.3M | $342.0M | ||
| Q3 25 | $810.8M | $342.3M | ||
| Q2 25 | $803.5M | $349.5M | ||
| Q1 25 | $814.2M | $379.0M | ||
| Q4 24 | $850.2M | $384.0M | ||
| Q3 24 | $862.6M | $373.5M | ||
| Q2 24 | $754.1M | $376.7M | ||
| Q1 24 | $801.3M | $385.0M |
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 | $19.5M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $13.6M | $12.3M |
| 自由现金流率自由现金流/营收 | 7.5% | 8.2% |
| 资本支出强度资本支出/营收 | 3.2% | 2.1% |
| 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 | $-18.9M | $38.5M |
8季度趋势，按日历期对齐
经营现金流NTGRRGR
| Q4 25 | $19.5M | $15.5M | ||
| Q3 25 | $-7.4M | $12.9M | ||
| Q2 25 | $-1.8M | $14.7M | ||
| Q1 25 | $-8.7M | $11.1M | ||
| Q4 24 | $21.5M | $20.0M | ||
| Q3 24 | $107.7M | $9.4M | ||
| Q2 24 | $18.4M | $18.7M | ||
| Q1 24 | $17.2M | $7.3M |
自由现金流NTGRRGR
| Q4 25 | $13.6M | $12.3M | ||
| Q3 25 | $-17.1M | $7.0M | ||
| Q2 25 | $-5.3M | $9.1M | ||
| Q1 25 | $-10.1M | $10.0M | ||
| Q4 24 | $19.0M | $16.4M | ||
| Q3 24 | $106.0M | $2.6M | ||
| Q2 24 | $16.1M | $10.1M | ||
| Q1 24 | $14.7M | $5.6M |
自由现金流率NTGRRGR
| Q4 25 | 7.5% | 8.2% | ||
| Q3 25 | -9.3% | 5.5% | ||
| Q2 25 | -3.1% | 6.9% | ||
| Q1 25 | -6.3% | 7.4% | ||
| Q4 24 | 10.4% | 11.2% | ||
| Q3 24 | 58.0% | 2.1% | ||
| Q2 24 | 11.2% | 7.7% | ||
| Q1 24 | 8.9% | 4.1% |
资本支出强度NTGRRGR
| Q4 25 | 3.2% | 2.1% | ||
| Q3 25 | 5.3% | 4.6% | ||
| Q2 25 | 2.1% | 4.2% | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 1.4% | 2.5% | ||
| Q3 24 | 0.9% | 5.5% | ||
| Q2 24 | 1.6% | 6.6% | ||
| Q1 24 | 1.5% | 1.3% |
现金转化率NTGRRGR
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.27× | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | — | 1.04× |
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
NTGR
| Other | $93.4M | 51% |
| Sales Channel Directly To Consumer | $89.1M | 49% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
