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豪士科（OSK）与瑞思迈（RMD）财务数据对比。点击上方公司名可切换其他公司
豪士科的季度营收约是瑞思迈的1.9倍（$2.7B vs $1.4B），瑞思迈净利率更高（27.6% vs 5.0%，领先22.6%），瑞思迈同比增速更快（11.0% vs 3.5%），豪士科自由现金流更多（$540.3M vs $311.2M），过去两年瑞思迈的营收复合增速更高（9.0% vs 2.8%）
豪士科（原称豪士科卡车）是美国知名工业企业，主营特种卡车、军用车辆、机场消防设备、高空作业设备等产品的设计与制造。旗下拥有威斯康星州的消防车制造商Pierce Manufacturing，以及生产各类升降作业设备的JLG工业公司。
瑞思迈是一家起源于澳大利亚、总部位于美国加利福尼亚州圣迭戈的医疗设备企业，主打可接入云端的呼吸类医疗设备，用于治疗睡眠呼吸暂停、慢性阻塞性肺病等呼吸道疾病，新冠疫情期间曾大量生产呼吸机等设备助力患者救治。
OSK vs RMD — 直观对比
营收规模更大
OSK
是对方的1.9倍
$1.4B
营收增速更快
RMD
高出7.5%
3.5%
净利率更高
RMD
高出22.6%
5.0%
自由现金流更多
OSK
多$229.1M
$311.2M
两年增速更快
RMD
近两年复合增速
2.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.7B | $1.4B |
| 净利润 | $133.8M | $392.6M |
| 毛利率 | 15.8% | 61.8% |
| 营业利润率 | 7.9% | 34.6% |
| 净利率 | 5.0% | 27.6% |
| 营收同比 | 3.5% | 11.0% |
| 净利润同比 | -12.6% | 13.9% |
| 每股收益（稀释后） | — | $2.68 |
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OSKRMD
| Q4 25 | $2.7B | $1.4B | ||
| Q3 25 | $2.7B | $1.3B | ||
| Q2 25 | $2.7B | $1.3B | ||
| Q1 25 | $2.3B | $1.3B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.7B | $1.2B | ||
| Q2 24 | $2.8B | $1.2B | ||
| Q1 24 | $2.5B | $1.2B |
净利润OSKRMD
| Q4 25 | $133.8M | $392.6M | ||
| Q3 25 | $196.2M | $348.5M | ||
| Q2 25 | $204.8M | $379.7M | ||
| Q1 25 | $112.2M | $365.0M | ||
| Q4 24 | $153.1M | $344.6M | ||
| Q3 24 | $180.3M | $311.4M | ||
| Q2 24 | $168.6M | $292.2M | ||
| Q1 24 | $179.4M | $300.5M |
毛利率OSKRMD
| Q4 25 | 15.8% | 61.8% | ||
| Q3 25 | 17.5% | 61.5% | ||
| Q2 25 | 19.2% | 60.8% | ||
| Q1 25 | 17.3% | 59.3% | ||
| Q4 24 | 17.2% | 58.6% | ||
| Q3 24 | 18.5% | 58.6% | ||
| Q2 24 | 19.2% | 58.5% | ||
| Q1 24 | 18.5% | 57.9% |
营业利润率OSKRMD
| Q4 25 | 7.9% | 34.6% | ||
| Q3 25 | 9.7% | 33.4% | ||
| Q2 25 | 10.7% | 33.7% | ||
| Q1 25 | 7.6% | 33.0% | ||
| Q4 24 | 8.6% | 32.5% | ||
| Q3 24 | 9.7% | 31.6% | ||
| Q2 24 | 9.2% | 31.2% | ||
| Q1 24 | 10.2% | 31.3% |
净利率OSKRMD
| Q4 25 | 5.0% | 27.6% | ||
| Q3 25 | 7.3% | 26.1% | ||
| Q2 25 | 7.5% | 28.2% | ||
| Q1 25 | 4.9% | 28.3% | ||
| Q4 24 | 5.9% | 26.9% | ||
| Q3 24 | 6.6% | 25.4% | ||
| Q2 24 | 5.9% | 23.9% | ||
| Q1 24 | 7.1% | 25.1% |
每股收益（稀释后）OSKRMD
| Q4 25 | — | $2.68 | ||
| Q3 25 | — | $2.37 | ||
| Q2 25 | — | $2.58 | ||
| Q1 25 | — | $2.48 | ||
| Q4 24 | — | $2.34 | ||
| Q3 24 | — | $2.11 | ||
| Q2 24 | — | $1.97 | ||
| Q1 24 | — | $2.04 |
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 | $479.8M | $1.4B |
| 总债务越低越好 | — | $403.9M |
| 股东权益账面价值 | $4.5B | $6.3B |
| 总资产 | $10.1B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资OSKRMD
| Q4 25 | $479.8M | $1.4B | ||
| Q3 25 | $211.8M | $1.4B | ||
| Q2 25 | $191.7M | $1.2B | ||
| Q1 25 | $210.3M | $932.7M | ||
| Q4 24 | $204.9M | $521.9M | ||
| Q3 24 | $160.9M | $426.4M | ||
| Q2 24 | $141.4M | $238.4M | ||
| Q1 24 | $69.9M | $237.9M |
总债务OSKRMD
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | $602.3M | $667.6M | ||
| Q2 24 | $599.1M | $697.3M | ||
| Q1 24 | $598.9M | $997.0M |
股东权益OSKRMD
| Q4 25 | $4.5B | $6.3B | ||
| Q3 25 | $4.5B | $6.1B | ||
| Q2 25 | $4.5B | $6.0B | ||
| Q1 25 | $4.2B | $5.5B | ||
| Q4 24 | $4.2B | $5.3B | ||
| Q3 24 | $4.1B | $5.2B | ||
| Q2 24 | $3.9B | $4.9B | ||
| Q1 24 | $3.8B | $4.6B |
总资产OSKRMD
| Q4 25 | $10.1B | $8.5B | ||
| Q3 25 | $9.8B | $8.3B | ||
| Q2 25 | $10.0B | $8.2B | ||
| Q1 25 | $9.8B | $7.6B | ||
| Q4 24 | $9.4B | $7.1B | ||
| Q3 24 | $9.9B | $7.2B | ||
| Q2 24 | $9.7B | $6.9B | ||
| Q1 24 | $9.5B | $6.8B |
负债/权益比OSKRMD
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | 0.15× | 0.13× | ||
| Q2 24 | 0.15× | 0.14× | ||
| Q1 24 | 0.16× | 0.22× |
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 | $600.1M | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $540.3M | $311.2M |
| 自由现金流率自由现金流/营收 | 20.1% | 21.9% |
| 资本支出强度资本支出/营收 | 2.2% | 2.0% |
| 现金转化率经营现金流/净利润 | 4.49× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $618.0M | $1.8B |
8季度趋势，按日历期对齐
经营现金流OSKRMD
| Q4 25 | $600.1M | $339.7M | ||
| Q3 25 | $489.0M | $457.3M | ||
| Q2 25 | $89.2M | $538.8M | ||
| Q1 25 | $-394.9M | $578.7M | ||
| Q4 24 | $790.8M | $308.6M | ||
| Q3 24 | $326.1M | $325.5M | ||
| Q2 24 | $-211.0M | $440.1M | ||
| Q1 24 | $-355.8M | $402.0M |
自由现金流OSKRMD
| Q4 25 | $540.3M | $311.2M | ||
| Q3 25 | $464.3M | $414.4M | ||
| Q2 25 | $48.6M | $508.2M | ||
| Q1 25 | $-435.2M | $557.9M | ||
| Q4 24 | $703.3M | $288.0M | ||
| Q3 24 | $272.2M | $307.7M | ||
| Q2 24 | $-250.5M | $415.2M | ||
| Q1 24 | $-455.9M | $380.8M |
自由现金流率OSKRMD
| Q4 25 | 20.1% | 21.9% | ||
| Q3 25 | 17.3% | 31.0% | ||
| Q2 25 | 1.8% | 37.7% | ||
| Q1 25 | -18.8% | 43.2% | ||
| Q4 24 | 27.1% | 22.5% | ||
| Q3 24 | 9.9% | 25.1% | ||
| Q2 24 | -8.8% | 33.9% | ||
| Q1 24 | -17.9% | 31.8% |
资本支出强度OSKRMD
| Q4 25 | 2.2% | 2.0% | ||
| Q3 25 | 0.9% | 3.2% | ||
| Q2 25 | 1.5% | 2.3% | ||
| Q1 25 | 1.7% | 1.6% | ||
| Q4 24 | 3.4% | 1.6% | ||
| Q3 24 | 2.0% | 1.5% | ||
| Q2 24 | 1.4% | 2.0% | ||
| Q1 24 | 3.9% | 1.8% |
现金转化率OSKRMD
| Q4 25 | 4.49× | 0.87× | ||
| Q3 25 | 2.49× | 1.31× | ||
| Q2 25 | 0.44× | 1.42× | ||
| Q1 25 | -3.52× | 1.59× | ||
| Q4 24 | 5.17× | 0.90× | ||
| Q3 24 | 1.81× | 1.05× | ||
| Q2 24 | -1.25× | 1.51× | ||
| Q1 24 | -1.98× | 1.34× |
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
OSK
| Vocational Segment | $922.4M | 34% |
| Aerial Works Platforms | $548.6M | 20% |
| Other Access Equipment | $311.8M | 12% |
| Telehandlers | $311.2M | 12% |
| Airport Products | $252.7M | 9% |
| Delivery Vehicles | $165.0M | 6% |
| Other Vocational | $130.7M | 5% |
| Transferred Over Time | $23.5M | 1% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
