vs
Northwest Natural Holding Co（NWN）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Northwest Natural Holding Co的1.2倍（$461.6M vs $394.2M），RBC Bearings INC同比增速更快（17.0% vs 6.3%），RBC Bearings INC自由现金流更多（$99.1M vs $-131.0M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -4.6%）
西北天然气控股公司是美国上市公用事业企业，总部位于俄勒冈州波特兰，成立于1859年。核心业务为天然气配送，服务俄勒冈州西部、华盛顿州西南部的居民、商业及工业客户，同时运营水务业务，目前服务约80万用户，年营收超10亿美元。
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。
NWN vs RBC — 直观对比
营收规模更大
RBC
是对方的1.2倍
$394.2M
营收增速更快
RBC
高出10.8%
6.3%
自由现金流更多
RBC
多$230.1M
$-131.0M
两年增速更快
RBC
近两年复合增速
-4.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $394.2M | $461.6M |
| 净利润 | — | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 28.4% | 22.3% |
| 净利率 | — | 14.6% |
| 营收同比 | 6.3% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | $1.38 | $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NWNRBC
| Q4 25 | $394.2M | $461.6M | ||
| Q3 25 | $164.7M | $455.3M | ||
| Q2 25 | $236.2M | $436.0M | ||
| Q1 25 | $494.3M | $437.7M | ||
| Q4 24 | $370.9M | $394.4M | ||
| Q3 24 | $136.9M | $397.9M | ||
| Q2 24 | $211.7M | $406.3M | ||
| Q1 24 | $433.5M | $413.7M |
净利润NWNRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $-29.9M | $60.0M | ||
| Q2 25 | $-2.5M | $68.5M | ||
| Q1 25 | $87.9M | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $-27.2M | $54.2M | ||
| Q2 24 | $-2.8M | $61.4M | ||
| Q1 24 | $63.8M | — |
毛利率NWNRBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率NWNRBC
| Q4 25 | 28.4% | 22.3% | ||
| Q3 25 | -7.5% | 21.5% | ||
| Q2 25 | 11.5% | 23.2% | ||
| Q1 25 | 31.2% | 23.0% | ||
| Q4 24 | 22.9% | 21.7% | ||
| Q3 24 | -14.1% | 21.6% | ||
| Q2 24 | 7.4% | 24.0% | ||
| Q1 24 | 25.3% | 22.8% |
净利率NWNRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | -18.1% | 13.2% | ||
| Q2 25 | -1.1% | 15.7% | ||
| Q1 25 | 17.8% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | -19.8% | 13.6% | ||
| Q2 24 | -1.3% | 15.1% | ||
| Q1 24 | 14.7% | — |
每股收益（稀释后）NWNRBC
| Q4 25 | $1.38 | $2.13 | ||
| Q3 25 | $-0.73 | $1.90 | ||
| Q2 25 | $-0.06 | $2.17 | ||
| Q1 25 | $2.18 | $2.33 | ||
| Q4 24 | $1.12 | $1.82 | ||
| Q3 24 | $-0.71 | $1.65 | ||
| Q2 24 | $-0.07 | $1.90 | ||
| Q1 24 | $1.69 | $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 | $36.7M | $107.6M |
| 总债务越低越好 | $2.4B | $990.2M |
| 股东权益账面价值 | $1.5B | $3.3B |
| 总资产 | $6.2B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.65× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资NWNRBC
| Q4 25 | $36.7M | $107.6M | ||
| Q3 25 | $32.2M | $91.2M | ||
| Q2 25 | $102.6M | $132.9M | ||
| Q1 25 | $100.0M | $36.8M | ||
| Q4 24 | $38.5M | — | ||
| Q3 24 | $35.0M | — | ||
| Q2 24 | $65.2M | $76.8M | ||
| Q1 24 | $72.4M | $63.5M |
总债务NWNRBC
| Q4 25 | $2.4B | $990.2M | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $915.6M | ||
| Q1 25 | $2.2B | $920.1M | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | — | ||
| Q2 24 | $1.6B | — | ||
| Q1 24 | $1.6B | $1.2B |
股东权益NWNRBC
| Q4 25 | $1.5B | $3.3B | ||
| Q3 25 | $1.4B | $3.2B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.5B | $3.0B | ||
| Q4 24 | $1.4B | $2.9B | ||
| Q3 24 | $1.4B | $2.9B | ||
| Q2 24 | $1.3B | $2.8B | ||
| Q1 24 | $1.3B | $2.8B |
总资产NWNRBC
| Q4 25 | $6.2B | $5.1B | ||
| Q3 25 | $5.9B | $5.1B | ||
| Q2 25 | $5.8B | $4.8B | ||
| Q1 25 | $5.7B | $4.7B | ||
| Q4 24 | $5.2B | $4.7B | ||
| Q3 24 | $4.9B | $4.7B | ||
| Q2 24 | $4.8B | $4.7B | ||
| Q1 24 | $4.8B | $4.7B |
负债/权益比NWNRBC
| Q4 25 | 1.65× | 0.30× | ||
| Q3 25 | 1.56× | 0.34× | ||
| Q2 25 | 1.53× | 0.29× | ||
| Q1 25 | 1.53× | 0.30× | ||
| Q4 24 | 1.23× | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.17× | — | ||
| Q1 24 | 1.17× | 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 | $3.3M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-131.0M | $99.1M |
| 自由现金流率自由现金流/营收 | -33.2% | 21.5% |
| 资本支出强度资本支出/营收 | 34.1% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-197.8M | — |
8季度趋势，按日历期对齐
经营现金流NWNRBC
| Q4 25 | $3.3M | $122.1M | ||
| Q3 25 | $-15.9M | $88.4M | ||
| Q2 25 | $102.2M | $120.0M | ||
| Q1 25 | $179.6M | — | ||
| Q4 24 | $-19.4M | $84.0M | ||
| Q3 24 | $-26.4M | — | ||
| Q2 24 | $121.0M | $97.4M | ||
| Q1 24 | $125.0M | — |
自由现金流NWNRBC
| Q4 25 | $-131.0M | $99.1M | ||
| Q3 25 | $-125.9M | $71.7M | ||
| Q2 25 | $-18.3M | $104.3M | ||
| Q1 25 | $77.4M | — | ||
| Q4 24 | $-119.6M | $73.6M | ||
| Q3 24 | $-121.7M | — | ||
| Q2 24 | $4.3M | $88.4M | ||
| Q1 24 | $42.8M | — |
自由现金流率NWNRBC
| Q4 25 | -33.2% | 21.5% | ||
| Q3 25 | -76.4% | 15.7% | ||
| Q2 25 | -7.8% | 23.9% | ||
| Q1 25 | 15.7% | — | ||
| Q4 24 | -32.2% | 18.7% | ||
| Q3 24 | -88.9% | — | ||
| Q2 24 | 2.0% | 21.8% | ||
| Q1 24 | 9.9% | — |
资本支出强度NWNRBC
| Q4 25 | 34.1% | 5.0% | ||
| Q3 25 | 66.8% | 3.7% | ||
| Q2 25 | 51.0% | 3.6% | ||
| Q1 25 | 20.7% | 3.2% | ||
| Q4 24 | 27.0% | 2.6% | ||
| Q3 24 | 69.6% | 4.1% | ||
| Q2 24 | 55.1% | 2.2% | ||
| Q1 24 | 19.0% | — |
现金转化率NWNRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 2.04× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | 1.96× | — |
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
NWN
| NWN Gas Utility | $341.4M | 87% |
| Alternativerevenue | $27.2M | 7% |
| Si Energy Gas Utility | $20.0M | 5% |
| NW Natural Other | $6.9M | 2% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
