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ORMAT TECHNOLOGIES, INC.（ORA）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ORMAT TECHNOLOGIES, INC.的1.7倍（$461.6M vs $276.0M），RBC Bearings INC净利率更高（14.6% vs 11.4%，领先3.2%），ORMAT TECHNOLOGIES, INC.同比增速更快（19.6% vs 17.0%），RBC Bearings INC自由现金流更多（$99.1M vs $-40.0M），过去两年ORMAT TECHNOLOGIES, INC.的营收复合增速更高（11.0% vs 5.6%）
Ormat Technologies是总部位于美国内华达州里诺的跨国企业，主打可再生地热能源技术，累计建成超190座电站，总装机容量超3200兆瓦；截至2021年1月自主运营933兆瓦地热及余热回收电站，还向全球多国供应超千台涡轮增压器。
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。
ORA vs RBC — 直观对比
营收规模更大
RBC
是对方的1.7倍
$276.0M
营收增速更快
ORA
高出2.6%
17.0%
净利率更高
RBC
高出3.2%
11.4%
自由现金流更多
RBC
多$139.1M
$-40.0M
两年增速更快
ORA
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $276.0M | $461.6M |
| 净利润 | $31.4M | $67.4M |
| 毛利率 | 28.6% | 44.3% |
| 营业利润率 | 15.4% | 22.3% |
| 净利率 | 11.4% | 14.6% |
| 营收同比 | 19.6% | 17.0% |
| 净利润同比 | -23.2% | 16.4% |
| 每股收益（稀释后） | $0.51 | $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ORARBC
| Q4 25 | $276.0M | $461.6M | ||
| Q3 25 | $249.7M | $455.3M | ||
| Q2 25 | $234.0M | $436.0M | ||
| Q1 25 | $229.8M | $437.7M | ||
| Q4 24 | $230.7M | $394.4M | ||
| Q3 24 | $211.8M | $397.9M | ||
| Q2 24 | $213.0M | $406.3M | ||
| Q1 24 | $224.2M | $413.7M |
净利润ORARBC
| Q4 25 | $31.4M | $67.4M | ||
| Q3 25 | $24.1M | $60.0M | ||
| Q2 25 | $28.0M | $68.5M | ||
| Q1 25 | $40.4M | $72.7M | ||
| Q4 24 | $40.8M | $57.9M | ||
| Q3 24 | $22.1M | $54.2M | ||
| Q2 24 | $22.2M | $61.4M | ||
| Q1 24 | $38.6M | — |
毛利率ORARBC
| Q4 25 | 28.6% | 44.3% | ||
| Q3 25 | 25.6% | 44.1% | ||
| Q2 25 | 24.3% | 44.8% | ||
| Q1 25 | 31.7% | 44.2% | ||
| Q4 24 | 31.9% | 44.3% | ||
| Q3 24 | 27.8% | 43.7% | ||
| Q2 24 | 28.8% | 45.3% | ||
| Q1 24 | 35.2% | 43.1% |
营业利润率ORARBC
| Q4 25 | 15.4% | 22.3% | ||
| Q3 25 | 16.2% | 21.5% | ||
| Q2 25 | 15.1% | 23.2% | ||
| Q1 25 | 22.2% | 23.0% | ||
| Q4 24 | 21.3% | 21.7% | ||
| Q3 24 | 16.8% | 21.6% | ||
| Q2 24 | 16.5% | 24.0% | ||
| Q1 24 | 23.5% | 22.8% |
净利率ORARBC
| Q4 25 | 11.4% | 14.6% | ||
| Q3 25 | 9.7% | 13.2% | ||
| Q2 25 | 12.0% | 15.7% | ||
| Q1 25 | 17.6% | 16.6% | ||
| Q4 24 | 17.7% | 14.7% | ||
| Q3 24 | 10.4% | 13.6% | ||
| Q2 24 | 10.4% | 15.1% | ||
| Q1 24 | 17.2% | — |
每股收益（稀释后）ORARBC
| Q4 25 | $0.51 | $2.13 | ||
| Q3 25 | $0.39 | $1.90 | ||
| Q2 25 | $0.46 | $2.17 | ||
| Q1 25 | $0.66 | $2.33 | ||
| Q4 24 | $0.67 | $1.82 | ||
| Q3 24 | $0.36 | $1.65 | ||
| Q2 24 | $0.37 | $1.90 | ||
| Q1 24 | $0.64 | $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 | $147.4M | $107.6M |
| 总债务越低越好 | $2.7B | $990.2M |
| 股东权益账面价值 | $2.5B | $3.3B |
| 总资产 | $6.2B | $5.1B |
| 负债/权益比越低杠杆越低 | 1.05× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资ORARBC
| Q4 25 | $147.4M | $107.6M | ||
| Q3 25 | $79.6M | $91.2M | ||
| Q2 25 | $88.5M | $132.9M | ||
| Q1 25 | $112.7M | $36.8M | ||
| Q4 24 | $94.4M | — | ||
| Q3 24 | $88.1M | — | ||
| Q2 24 | $66.3M | $76.8M | ||
| Q1 24 | $201.5M | $63.5M |
总债务ORARBC
| Q4 25 | $2.7B | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益ORARBC
| Q4 25 | $2.5B | $3.3B | ||
| Q3 25 | $2.5B | $3.2B | ||
| Q2 25 | $2.5B | $3.1B | ||
| Q1 25 | $2.5B | $3.0B | ||
| Q4 24 | $2.4B | $2.9B | ||
| Q3 24 | $2.4B | $2.9B | ||
| Q2 24 | $2.4B | $2.8B | ||
| Q1 24 | $2.4B | $2.8B |
总资产ORARBC
| Q4 25 | $6.2B | $5.1B | ||
| Q3 25 | $6.1B | $5.1B | ||
| Q2 25 | $6.0B | $4.8B | ||
| Q1 25 | $5.8B | $4.7B | ||
| Q4 24 | $5.7B | $4.7B | ||
| Q3 24 | $5.6B | $4.7B | ||
| Q2 24 | $5.5B | $4.7B | ||
| Q1 24 | $5.5B | $4.7B |
负债/权益比ORARBC
| Q4 25 | 1.05× | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | 0.97× | — | ||
| 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 | $105.0M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $-40.0M | $99.1M |
| 自由现金流率自由现金流/营收 | -14.5% | 21.5% |
| 资本支出强度资本支出/营收 | 52.6% | 5.0% |
| 现金转化率经营现金流/净利润 | 3.35× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $-284.7M | — |
8季度趋势，按日历期对齐
经营现金流ORARBC
| Q4 25 | $105.0M | $122.1M | ||
| Q3 25 | $45.2M | $88.4M | ||
| Q2 25 | $96.9M | $120.0M | ||
| Q1 25 | $88.0M | — | ||
| Q4 24 | $158.6M | $84.0M | ||
| Q3 24 | $106.4M | — | ||
| Q2 24 | $30.7M | $97.4M | ||
| Q1 24 | $115.2M | — |
自由现金流ORARBC
| Q4 25 | $-40.0M | $99.1M | ||
| Q3 25 | $-102.1M | $71.7M | ||
| Q2 25 | $-37.9M | $104.3M | ||
| Q1 25 | $-104.6M | — | ||
| Q4 24 | $30.9M | $73.6M | ||
| Q3 24 | $-3.3M | — | ||
| Q2 24 | $-116.1M | $88.4M | ||
| Q1 24 | $11.8M | — |
自由现金流率ORARBC
| Q4 25 | -14.5% | 21.5% | ||
| Q3 25 | -40.9% | 15.7% | ||
| Q2 25 | -16.2% | 23.9% | ||
| Q1 25 | -45.5% | — | ||
| Q4 24 | 13.4% | 18.7% | ||
| Q3 24 | -1.6% | — | ||
| Q2 24 | -54.5% | 21.8% | ||
| Q1 24 | 5.3% | — |
资本支出强度ORARBC
| Q4 25 | 52.6% | 5.0% | ||
| Q3 25 | 59.0% | 3.7% | ||
| Q2 25 | 57.6% | 3.6% | ||
| Q1 25 | 83.8% | 3.2% | ||
| Q4 24 | 55.4% | 2.6% | ||
| Q3 24 | 51.8% | 4.1% | ||
| Q2 24 | 69.0% | 2.2% | ||
| Q1 24 | 46.1% | — |
现金转化率ORARBC
| Q4 25 | 3.35× | 1.81× | ||
| Q3 25 | 1.87× | 1.47× | ||
| Q2 25 | 3.45× | 1.75× | ||
| Q1 25 | 2.18× | — | ||
| Q4 24 | 3.89× | 1.45× | ||
| Q3 24 | 4.82× | — | ||
| Q2 24 | 1.38× | 1.59× | ||
| Q1 24 | 2.99× | — |
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
ORA
| Electricity | $186.6M | 68% |
| Products | $63.1M | 23% |
| Energy Storage Segment | $26.3M | 10% |
| Product Segment | $1.2M | 0% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
