vs
网件（NTGR）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
BRC Group Holdings, Inc.的季度营收约是网件的1.0倍（$188.3M vs $182.5M），网件同比增速更快（0.0% vs -21.9%），过去两年网件的营收复合增速更高（5.3% vs -15.4%）
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。
NTGR vs RILY — 直观对比
营收规模更大
RILY
是对方的1.0倍
$182.5M
营收增速更快
NTGR
高出21.9%
-21.9%
两年增速更快
NTGR
近两年复合增速
-15.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $182.5M | $188.3M |
| 净利润 | — | $90.3M |
| 毛利率 | 40.4% | 79.5% |
| 营业利润率 | -2.6% | 32.3% |
| 净利率 | — | 47.9% |
| 营收同比 | 0.0% | -21.9% |
| 净利润同比 | — | 1710.8% |
| 每股收益（稀释后） | $-0.03 | $2.78 |
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NTGRRILY
| Q4 25 | $182.5M | $188.3M | ||
| Q3 25 | $184.6M | $215.3M | ||
| Q2 25 | $170.5M | $188.2M | ||
| Q1 25 | $162.1M | $197.2M | ||
| Q4 24 | $182.4M | $241.0M | ||
| Q3 24 | $182.9M | $225.5M | ||
| Q2 24 | $143.9M | $256.0M | ||
| Q1 24 | $164.6M | $263.4M |
净利润NTGRRILY
| Q4 25 | — | $90.3M | ||
| Q3 25 | $-4.8M | $91.1M | ||
| Q2 25 | $-6.4M | $139.5M | ||
| Q1 25 | $-6.0M | $-10.0M | ||
| Q4 24 | $-8.9M | $-5.6M | ||
| Q3 24 | $85.1M | $-284.4M | ||
| Q2 24 | $-45.2M | $-433.6M | ||
| Q1 24 | $-18.6M | $-49.2M |
毛利率NTGRRILY
| Q4 25 | 40.4% | 79.5% | ||
| Q3 25 | 39.1% | 83.7% | ||
| Q2 25 | 37.5% | 81.3% | ||
| Q1 25 | 34.8% | 81.4% | ||
| Q4 24 | 32.6% | 79.8% | ||
| Q3 24 | 30.9% | 82.1% | ||
| Q2 24 | 22.1% | 84.5% | ||
| Q1 24 | 29.3% | 85.3% |
营业利润率NTGRRILY
| Q4 25 | -2.6% | 32.3% | ||
| Q3 25 | -3.8% | 30.4% | ||
| Q2 25 | -5.6% | 5.7% | ||
| Q1 25 | -7.9% | -31.2% | ||
| Q4 24 | -8.3% | -69.2% | ||
| Q3 24 | 52.4% | -36.4% | ||
| Q2 24 | -32.6% | -90.8% | ||
| Q1 24 | -13.2% | -6.1% |
净利率NTGRRILY
| Q4 25 | — | 47.9% | ||
| Q3 25 | -2.6% | 42.3% | ||
| Q2 25 | -3.8% | 74.1% | ||
| Q1 25 | -3.7% | -5.1% | ||
| Q4 24 | -4.9% | -2.3% | ||
| Q3 24 | 46.5% | -126.1% | ||
| Q2 24 | -31.4% | -169.4% | ||
| Q1 24 | -11.3% | -18.7% |
每股收益（稀释后）NTGRRILY
| Q4 25 | $-0.03 | $2.78 | ||
| Q3 25 | $-0.17 | $2.91 | ||
| Q2 25 | $-0.22 | $4.50 | ||
| Q1 25 | $-0.21 | $-0.39 | ||
| Q4 24 | $-0.29 | $-0.01 | ||
| Q3 24 | $2.90 | $-9.39 | ||
| Q2 24 | $-1.56 | $-14.35 | ||
| Q1 24 | $-0.63 | $-1.71 |
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 | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $497.8M | $-171.5M |
| 总资产 | $836.3M | $1.7B |
| 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NTGRRILY
| Q4 25 | $323.0M | $226.6M | ||
| Q3 25 | $326.4M | $184.2M | ||
| Q2 25 | $363.5M | $267.4M | ||
| Q1 25 | $391.9M | $138.3M | ||
| Q4 24 | $408.7M | $146.9M | ||
| Q3 24 | $395.7M | $159.2M | ||
| Q2 24 | $294.3M | $236.9M | ||
| Q1 24 | $289.4M | $190.7M |
总债务NTGRRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益NTGRRILY
| Q4 25 | $497.8M | $-171.5M | ||
| Q3 25 | $506.8M | $-260.5M | ||
| Q2 25 | $523.2M | $-351.7M | ||
| Q1 25 | $534.2M | $-496.8M | ||
| Q4 24 | $541.1M | $-488.2M | ||
| Q3 24 | $550.3M | $-497.6M | ||
| Q2 24 | $459.4M | $-218.3M | ||
| Q1 24 | $511.4M | $228.4M |
总资产NTGRRILY
| Q4 25 | $836.3M | $1.7B | ||
| Q3 25 | $810.8M | $1.7B | ||
| Q2 25 | $803.5M | $1.5B | ||
| Q1 25 | $814.2M | $1.5B | ||
| Q4 24 | $850.2M | $1.8B | ||
| Q3 24 | $862.6M | $2.2B | ||
| Q2 24 | $754.1M | $3.2B | ||
| Q1 24 | $801.3M | $5.0B |
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 | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $13.6M | — |
| 自由现金流率自由现金流/营收 | 7.5% | — |
| 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 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $-18.9M | — |
8季度趋势，按日历期对齐
经营现金流NTGRRILY
| Q4 25 | $19.5M | $26.2M | ||
| Q3 25 | $-7.4M | $-60.6M | ||
| Q2 25 | $-1.8M | $-25.6M | ||
| Q1 25 | $-8.7M | $184.0K | ||
| Q4 24 | $21.5M | $-2.7M | ||
| Q3 24 | $107.7M | $19.5M | ||
| Q2 24 | $18.4M | $111.5M | ||
| Q1 24 | $17.2M | $135.4M |
自由现金流NTGRRILY
| Q4 25 | $13.6M | — | ||
| Q3 25 | $-17.1M | — | ||
| Q2 25 | $-5.3M | — | ||
| Q1 25 | $-10.1M | — | ||
| Q4 24 | $19.0M | — | ||
| Q3 24 | $106.0M | — | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $14.7M | — |
自由现金流率NTGRRILY
| Q4 25 | 7.5% | — | ||
| Q3 25 | -9.3% | — | ||
| Q2 25 | -3.1% | — | ||
| Q1 25 | -6.3% | — | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 58.0% | — | ||
| Q2 24 | 11.2% | — | ||
| Q1 24 | 8.9% | — |
资本支出强度NTGRRILY
| Q4 25 | 3.2% | — | ||
| Q3 25 | 5.3% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 1.4% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.6% | — | ||
| Q1 24 | 1.5% | — |
现金转化率NTGRRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.27× | — | ||
| Q2 24 | — | — | ||
| 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
NTGR
| Other | $93.4M | 51% |
| Sales Channel Directly To Consumer | $89.1M | 49% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
