vs
如新（NUS）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的季度营收约是如新的1.2倍（$461.6M vs $370.3M），RBC Bearings INC净利率更高（14.6% vs 3.9%，领先10.7%），RBC Bearings INC同比增速更快（17.0% vs -16.9%），RBC Bearings INC自由现金流更多（$99.1M vs $5.9M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -5.8%）
如新企业集团是一家美国多层次直销企业，主打研发并销售个人护理产品与营养膳食补充产品，旗下拥有Nu Skin及Pharmanex两大品牌，目前已在全球54个市场开展业务，依托约120万独立销售代表的销售网络覆盖全球市场。
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。
NUS vs RBC — 直观对比
营收规模更大
RBC
是对方的1.2倍
$370.3M
营收增速更快
RBC
高出33.9%
-16.9%
净利率更高
RBC
高出10.7%
3.9%
自由现金流更多
RBC
多$93.2M
$5.9M
两年增速更快
RBC
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $370.3M | $461.6M |
| 净利润 | $14.5M | $67.4M |
| 毛利率 | 70.7% | 44.3% |
| 营业利润率 | 6.3% | 22.3% |
| 净利率 | 3.9% | 14.6% |
| 营收同比 | -16.9% | 17.0% |
| 净利润同比 | 140.1% | 16.4% |
| 每股收益（稀释后） | $0.27 | $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NUSRBC
| Q4 25 | $370.3M | $461.6M | ||
| Q3 25 | $364.2M | $455.3M | ||
| Q2 25 | $386.1M | $436.0M | ||
| Q1 25 | $364.5M | $437.7M | ||
| Q4 24 | $445.6M | $394.4M | ||
| Q3 24 | $430.1M | $397.9M | ||
| Q2 24 | $439.1M | $406.3M | ||
| Q1 24 | $417.3M | $413.7M |
净利润NUSRBC
| Q4 25 | $14.5M | $67.4M | ||
| Q3 25 | $17.1M | $60.0M | ||
| Q2 25 | $21.1M | $68.5M | ||
| Q1 25 | $107.5M | $72.7M | ||
| Q4 24 | $-36.1M | $57.9M | ||
| Q3 24 | $8.3M | $54.2M | ||
| Q2 24 | $-118.3M | $61.4M | ||
| Q1 24 | $-533.0K | — |
毛利率NUSRBC
| Q4 25 | 70.7% | 44.3% | ||
| Q3 25 | 70.5% | 44.1% | ||
| Q2 25 | 68.8% | 44.8% | ||
| Q1 25 | 67.8% | 44.2% | ||
| Q4 24 | 62.7% | 44.3% | ||
| Q3 24 | 70.1% | 43.7% | ||
| Q2 24 | 70.0% | 45.3% | ||
| Q1 24 | 70.5% | 43.1% |
营业利润率NUSRBC
| Q4 25 | 6.3% | 22.3% | ||
| Q3 25 | 5.9% | 21.5% | ||
| Q2 25 | 8.0% | 23.2% | ||
| Q1 25 | -2.7% | 23.0% | ||
| Q4 24 | -11.9% | 21.7% | ||
| Q3 24 | 4.2% | 21.6% | ||
| Q2 24 | -28.6% | 24.0% | ||
| Q1 24 | 2.1% | 22.8% |
净利率NUSRBC
| Q4 25 | 3.9% | 14.6% | ||
| Q3 25 | 4.7% | 13.2% | ||
| Q2 25 | 5.5% | 15.7% | ||
| Q1 25 | 29.5% | 16.6% | ||
| Q4 24 | -8.1% | 14.7% | ||
| Q3 24 | 1.9% | 13.6% | ||
| Q2 24 | -26.9% | 15.1% | ||
| Q1 24 | -0.1% | — |
每股收益（稀释后）NUSRBC
| Q4 25 | $0.27 | $2.13 | ||
| Q3 25 | $0.34 | $1.90 | ||
| Q2 25 | $0.43 | $2.17 | ||
| Q1 25 | $2.14 | $2.33 | ||
| Q4 24 | $-0.73 | $1.82 | ||
| Q3 24 | $0.17 | $1.65 | ||
| Q2 24 | $-2.38 | $1.90 | ||
| Q1 24 | $-0.01 | $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 | $239.8M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $805.2M | $3.3B |
| 总资产 | $1.4B | $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NUSRBC
| Q4 25 | $239.8M | $107.6M | ||
| Q3 25 | $253.0M | $91.2M | ||
| Q2 25 | $265.4M | $132.9M | ||
| Q1 25 | $213.6M | $36.8M | ||
| Q4 24 | $198.0M | — | ||
| Q3 24 | $237.8M | — | ||
| Q2 24 | $232.9M | $76.8M | ||
| Q1 24 | $221.2M | $63.5M |
总债务NUSRBC
| 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NUSRBC
| Q4 25 | $805.2M | $3.3B | ||
| Q3 25 | $799.8M | $3.2B | ||
| Q2 25 | $787.8M | $3.1B | ||
| Q1 25 | $754.0M | $3.0B | ||
| Q4 24 | $651.5M | $2.9B | ||
| Q3 24 | $706.9M | $2.9B | ||
| Q2 24 | $686.2M | $2.8B | ||
| Q1 24 | $810.2M | $2.8B |
总资产NUSRBC
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.1B | ||
| Q2 25 | $1.4B | $4.8B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.5B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.6B | $4.7B | ||
| Q1 24 | $1.7B | $4.7B |
负债/权益比NUSRBC
| 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 | $16.6M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $5.9M | $99.1M |
| 自由现金流率自由现金流/营收 | 1.6% | 21.5% |
| 资本支出强度资本支出/营收 | 2.9% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.15× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $46.0M | — |
8季度趋势，按日历期对齐
经营现金流NUSRBC
| Q4 25 | $16.6M | $122.1M | ||
| Q3 25 | $27.5M | $88.4M | ||
| Q2 25 | $35.8M | $120.0M | ||
| Q1 25 | $389.0K | — | ||
| Q4 24 | $25.8M | $84.0M | ||
| Q3 24 | $31.4M | — | ||
| Q2 24 | $51.2M | $97.4M | ||
| Q1 24 | $3.3M | — |
自由现金流NUSRBC
| Q4 25 | $5.9M | $99.1M | ||
| Q3 25 | $17.6M | $71.7M | ||
| Q2 25 | $35.8M | $104.3M | ||
| Q1 25 | $-13.2M | — | ||
| Q4 24 | $13.2M | $73.6M | ||
| Q3 24 | $22.8M | — | ||
| Q2 24 | $43.1M | $88.4M | ||
| Q1 24 | $-9.0M | — |
自由现金流率NUSRBC
| Q4 25 | 1.6% | 21.5% | ||
| Q3 25 | 4.8% | 15.7% | ||
| Q2 25 | 9.3% | 23.9% | ||
| Q1 25 | -3.6% | — | ||
| Q4 24 | 3.0% | 18.7% | ||
| Q3 24 | 5.3% | — | ||
| Q2 24 | 9.8% | 21.8% | ||
| Q1 24 | -2.1% | — |
资本支出强度NUSRBC
| Q4 25 | 2.9% | 5.0% | ||
| Q3 25 | 2.7% | 3.7% | ||
| Q2 25 | 0.0% | 3.6% | ||
| Q1 25 | 3.7% | 3.2% | ||
| Q4 24 | 2.8% | 2.6% | ||
| Q3 24 | 2.0% | 4.1% | ||
| Q2 24 | 1.9% | 2.2% | ||
| Q1 24 | 2.9% | — |
现金转化率NUSRBC
| Q4 25 | 1.15× | 1.81× | ||
| Q3 25 | 1.61× | 1.47× | ||
| Q2 25 | 1.69× | 1.75× | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | 3.79× | — | ||
| 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
NUS
| Other | $161.9M | 44% |
| Mainland China Segment | $52.0M | 14% |
| Southeast Asia Pacific Segment | $50.5M | 14% |
| Europe And Africa Segment | $41.8M | 11% |
| Hong Kong Taiwan Segment | $29.6M | 8% |
| South Korea Segment | $28.4M | 8% |
| Rhyz Other Segment | $6.1M | 2% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
