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BLUE OWL CAPITAL INC.（OWL）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
瑞思迈的季度营收约是BLUE OWL CAPITAL INC.的1.9倍（$1.4B vs $755.6M），瑞思迈净利率更高（27.6% vs 6.3%，领先21.3%），BLUE OWL CAPITAL INC.同比增速更快（19.7% vs 11.0%），BLUE OWL CAPITAL INC.自由现金流更多（$359.1M vs $311.2M），过去两年BLUE OWL CAPITAL INC.的营收复合增速更高（21.3% vs 9.0%）
Blue Owl Capital Inc.是美国另类投资资产管理机构，于纽约证券交易所挂牌上市，股票代码为OWL，总部设在纽约市，在伦敦、迪拜、中国香港等全球多地设有办事处，专注为各类客户提供专业的另类资产管理解决方案。
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。
OWL vs RMD — 直观对比
营收规模更大
RMD
是对方的1.9倍
$755.6M
营收增速更快
OWL
高出8.7%
11.0%
净利率更高
RMD
高出21.3%
6.3%
自由现金流更多
OWL
多$47.9M
$311.2M
两年增速更快
OWL
近两年复合增速
9.0%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $755.6M | $1.4B |
| 净利润 | $47.7M | $392.6M |
| 毛利率 | — | 61.8% |
| 营业利润率 | 22.2% | 34.6% |
| 净利率 | 6.3% | 27.6% |
| 营收同比 | 19.7% | 11.0% |
| 净利润同比 | 129.8% | 13.9% |
| 每股收益（稀释后） | $0.07 | $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OWLRMD
| Q4 25 | $755.6M | $1.4B | ||
| Q3 25 | $728.0M | $1.3B | ||
| Q2 25 | $703.1M | $1.3B | ||
| Q1 25 | $683.5M | $1.3B | ||
| Q4 24 | $631.4M | $1.3B | ||
| Q3 24 | $600.9M | $1.2B | ||
| Q2 24 | $549.8M | $1.2B | ||
| Q1 24 | $513.3M | $1.2B |
净利润OWLRMD
| Q4 25 | $47.7M | $392.6M | ||
| Q3 25 | $6.3M | $348.5M | ||
| Q2 25 | $17.4M | $379.7M | ||
| Q1 25 | $7.4M | $365.0M | ||
| Q4 24 | $20.7M | $344.6M | ||
| Q3 24 | $29.8M | $311.4M | ||
| Q2 24 | $33.9M | $292.2M | ||
| Q1 24 | $25.1M | $300.5M |
毛利率OWLRMD
| Q4 25 | — | 61.8% | ||
| Q3 25 | — | 61.5% | ||
| Q2 25 | — | 60.8% | ||
| Q1 25 | — | 59.3% | ||
| Q4 24 | — | 58.6% | ||
| Q3 24 | — | 58.6% | ||
| Q2 24 | — | 58.5% | ||
| Q1 24 | — | 57.9% |
营业利润率OWLRMD
| Q4 25 | 22.2% | 34.6% | ||
| Q3 25 | 7.6% | 33.4% | ||
| Q2 25 | 12.0% | 33.7% | ||
| Q1 25 | 5.9% | 33.0% | ||
| Q4 24 | 11.7% | 32.5% | ||
| Q3 24 | 18.7% | 31.6% | ||
| Q2 24 | 28.4% | 31.2% | ||
| Q1 24 | 24.7% | 31.3% |
净利率OWLRMD
| Q4 25 | 6.3% | 27.6% | ||
| Q3 25 | 0.9% | 26.1% | ||
| Q2 25 | 2.5% | 28.2% | ||
| Q1 25 | 1.1% | 28.3% | ||
| Q4 24 | 3.3% | 26.9% | ||
| Q3 24 | 5.0% | 25.4% | ||
| Q2 24 | 6.2% | 23.9% | ||
| Q1 24 | 4.9% | 25.1% |
每股收益（稀释后）OWLRMD
| Q4 25 | $0.07 | $2.68 | ||
| Q3 25 | $0.01 | $2.37 | ||
| Q2 25 | $0.02 | $2.58 | ||
| Q1 25 | $0.00 | $2.48 | ||
| Q4 24 | $0.06 | $2.34 | ||
| Q3 24 | $0.04 | $2.11 | ||
| Q2 24 | $0.06 | $1.97 | ||
| Q1 24 | $0.04 | $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 | $194.5M | $1.4B |
| 总债务越低越好 | $3.3B | $403.9M |
| 股东权益账面价值 | $2.2B | $6.3B |
| 总资产 | $12.5B | $8.5B |
| 负债/权益比越低杠杆越低 | 1.51× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资OWLRMD
| Q4 25 | $194.5M | $1.4B | ||
| Q3 25 | $137.3M | $1.4B | ||
| Q2 25 | $117.6M | $1.2B | ||
| Q1 25 | $97.6M | $932.7M | ||
| Q4 24 | $152.1M | $521.9M | ||
| Q3 24 | $115.9M | $426.4M | ||
| Q2 24 | $436.8M | $238.4M | ||
| Q1 24 | $155.8M | $237.9M |
总债务OWLRMD
| Q4 25 | $3.3B | $403.9M | ||
| Q3 25 | $3.2B | $408.7M | ||
| Q2 25 | $3.2B | $658.4M | ||
| Q1 25 | $3.2B | $663.1M | ||
| Q4 24 | $2.6B | $662.9M | ||
| Q3 24 | $2.5B | $667.6M | ||
| Q2 24 | $2.5B | $697.3M | ||
| Q1 24 | $2.1B | $997.0M |
股东权益OWLRMD
| Q4 25 | $2.2B | $6.3B | ||
| Q3 25 | $2.3B | $6.1B | ||
| Q2 25 | $2.4B | $6.0B | ||
| Q1 25 | $2.3B | $5.5B | ||
| Q4 24 | $2.1B | $5.3B | ||
| Q3 24 | $2.0B | $5.2B | ||
| Q2 24 | $1.7B | $4.9B | ||
| Q1 24 | $1.6B | $4.6B |
总资产OWLRMD
| Q4 25 | $12.5B | $8.5B | ||
| Q3 25 | $12.5B | $8.3B | ||
| Q2 25 | $12.3B | $8.2B | ||
| Q1 25 | $12.3B | $7.6B | ||
| Q4 24 | $11.0B | $7.1B | ||
| Q3 24 | $10.8B | $7.2B | ||
| Q2 24 | $9.7B | $6.9B | ||
| Q1 24 | $9.0B | $6.8B |
负债/权益比OWLRMD
| Q4 25 | 1.51× | 0.06× | ||
| Q3 25 | 1.41× | 0.07× | ||
| Q2 25 | 1.38× | 0.11× | ||
| Q1 25 | 1.37× | 0.12× | ||
| Q4 24 | 1.22× | 0.13× | ||
| Q3 24 | 1.27× | 0.13× | ||
| Q2 24 | 1.41× | 0.14× | ||
| Q1 24 | 1.26× | 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 | $382.9M | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $359.1M | $311.2M |
| 自由现金流率自由现金流/营收 | 47.5% | 21.9% |
| 资本支出强度资本支出/营收 | 3.1% | 2.0% |
| 现金转化率经营现金流/净利润 | 8.03× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.8B |
8季度趋势，按日历期对齐
经营现金流OWLRMD
| Q4 25 | $382.9M | $339.7M | ||
| Q3 25 | $433.1M | $457.3M | ||
| Q2 25 | $422.5M | $538.8M | ||
| Q1 25 | $17.6M | $578.7M | ||
| Q4 24 | $324.0M | $308.6M | ||
| Q3 24 | $326.0M | $325.5M | ||
| Q2 24 | $302.3M | $440.1M | ||
| Q1 24 | $47.2M | $402.0M |
自由现金流OWLRMD
| Q4 25 | $359.1M | $311.2M | ||
| Q3 25 | $422.5M | $414.4M | ||
| Q2 25 | $412.5M | $508.2M | ||
| Q1 25 | $4.2M | $557.9M | ||
| Q4 24 | $310.1M | $288.0M | ||
| Q3 24 | $314.8M | $307.7M | ||
| Q2 24 | $269.4M | $415.2M | ||
| Q1 24 | $41.1M | $380.8M |
自由现金流率OWLRMD
| Q4 25 | 47.5% | 21.9% | ||
| Q3 25 | 58.0% | 31.0% | ||
| Q2 25 | 58.7% | 37.7% | ||
| Q1 25 | 0.6% | 43.2% | ||
| Q4 24 | 49.1% | 22.5% | ||
| Q3 24 | 52.4% | 25.1% | ||
| Q2 24 | 49.0% | 33.9% | ||
| Q1 24 | 8.0% | 31.8% |
资本支出强度OWLRMD
| Q4 25 | 3.1% | 2.0% | ||
| Q3 25 | 1.5% | 3.2% | ||
| Q2 25 | 1.4% | 2.3% | ||
| Q1 25 | 2.0% | 1.6% | ||
| Q4 24 | 2.2% | 1.6% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 6.0% | 2.0% | ||
| Q1 24 | 1.2% | 1.8% |
现金转化率OWLRMD
| Q4 25 | 8.03× | 0.87× | ||
| Q3 25 | 68.64× | 1.31× | ||
| Q2 25 | 24.25× | 1.42× | ||
| Q1 25 | 2.37× | 1.59× | ||
| Q4 24 | 15.62× | 0.90× | ||
| Q3 24 | 10.94× | 1.05× | ||
| Q2 24 | 8.91× | 1.51× | ||
| Q1 24 | 1.88× | 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
OWL
| Credit Platform | $455.0M | 60% |
| GP Strategic Capital Platform | $157.0M | 21% |
| Administrative Service | $87.6M | 12% |
| IPI Partners LLC | $33.8M | 4% |
| Other | $22.2M | 3% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
