vs
必能宝（PBI）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是必能宝的1.7倍（$828.2M vs $477.6M），Rithm Capital Corp.净利率更高（13.2% vs 5.7%，领先7.5%），Rithm Capital Corp.同比增速更快（508.5% vs -7.5%），过去两年必能宝的营收复合增速更高（-4.3% vs -17.9%）
必能宝（Pitney Bowes）是全球知名科技与物流服务商，提供电商配送、邮寄处理、订单履约及客户信息管理解决方案，服务零售、金融、医疗、政府等领域的各类大中小企业客户，助力企业优化物流配送与客户运营效率。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
PBI vs RITM — 直观对比
营收规模更大
RITM
是对方的1.7倍
$477.6M
营收增速更快
RITM
高出515.9%
-7.5%
净利率更高
RITM
高出7.5%
5.7%
两年增速更快
PBI
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $477.6M | $828.2M |
| 净利润 | $27.3M | $109.5M |
| 毛利率 | — | — |
| 营业利润率 | 8.0% | 29.9% |
| 净利率 | 5.7% | 13.2% |
| 营收同比 | -7.5% | 508.5% |
| 净利润同比 | 173.1% | 27.7% |
| 每股收益（稀释后） | $0.18 | $0.12 |
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PBIRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $477.6M | $1.5B | ||
| Q3 25 | $459.7M | $1.1B | ||
| Q2 25 | $461.9M | $1.2B | ||
| Q1 25 | $493.4M | $768.4M | ||
| Q4 24 | $516.1M | $2.1B | ||
| Q3 24 | $499.5M | $619.5M | ||
| Q2 24 | $489.7M | $1.2B |
净利润PBIRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | $27.3M | $85.0M | ||
| Q3 25 | $52.0M | $221.5M | ||
| Q2 25 | $30.0M | $311.7M | ||
| Q1 25 | $35.4M | $78.8M | ||
| Q4 24 | $-37.4M | $290.2M | ||
| Q3 24 | $-138.5M | $121.7M | ||
| Q2 24 | $-24.9M | $235.6M |
毛利率PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 53.8% | — | ||
| Q3 24 | 52.4% | — | ||
| Q2 24 | 51.1% | — |
营业利润率PBIRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 8.0% | 13.8% | ||
| Q3 25 | 14.8% | 21.4% | ||
| Q2 25 | 8.5% | 25.2% | ||
| Q1 25 | 9.5% | 7.4% | ||
| Q4 24 | -9.3% | 23.8% | ||
| Q3 24 | -8.8% | 7.3% | ||
| Q2 24 | -1.6% | 23.6% |
净利率PBIRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | 5.7% | 5.7% | ||
| Q3 25 | 11.3% | 20.0% | ||
| Q2 25 | 6.5% | 25.6% | ||
| Q1 25 | 7.2% | 10.3% | ||
| Q4 24 | -7.2% | 14.0% | ||
| Q3 24 | -27.7% | 19.7% | ||
| Q2 24 | -5.1% | 19.2% |
每股收益（稀释后）PBIRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.18 | $0.09 | ||
| Q3 25 | $0.30 | $0.35 | ||
| Q2 25 | $0.17 | $0.53 | ||
| Q1 25 | $0.19 | $0.07 | ||
| Q4 24 | $-0.21 | $0.50 | ||
| Q3 24 | $-0.75 | $0.20 | ||
| Q2 24 | $-0.14 | $0.43 |
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 | $297.1M | — |
| 总债务越低越好 | $2.0B | — |
| 股东权益账面价值 | $-802.4M | $9.1B |
| 总资产 | $3.2B | $53.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | $297.1M | $1.8B | ||
| Q3 25 | $336.0M | $1.6B | ||
| Q2 25 | $300.8M | $1.6B | ||
| Q1 25 | $340.0M | $1.5B | ||
| Q4 24 | $486.1M | $1.5B | ||
| Q3 24 | $575.5M | $1.6B | ||
| Q2 24 | $612.0M | $1.2B |
总债务PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | $2.0B | $35.4B | ||
| Q3 25 | $2.1B | $32.2B | ||
| Q2 25 | $1.9B | $31.2B | ||
| Q1 25 | $1.9B | $32.2B | ||
| Q4 24 | $1.9B | $32.6B | ||
| Q3 24 | $2.1B | $29.6B | ||
| Q2 24 | $2.1B | $30.1B |
股东权益PBIRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $-802.4M | $8.4B | ||
| Q3 25 | $-661.5M | $8.5B | ||
| Q2 25 | $-536.8M | $7.9B | ||
| Q1 25 | $-535.9M | $7.8B | ||
| Q4 24 | $-578.4M | $7.8B | ||
| Q3 24 | $-518.9M | $7.7B | ||
| Q2 24 | $-427.9M | $7.3B |
总资产PBIRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $3.2B | $53.1B | ||
| Q3 25 | $3.3B | $47.2B | ||
| Q2 25 | $3.2B | $44.3B | ||
| Q1 25 | $3.3B | $45.3B | ||
| Q4 24 | $3.4B | $46.0B | ||
| Q3 24 | $3.6B | $42.3B | ||
| Q2 24 | $4.1B | $42.0B |
负债/权益比PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | $221.7M | — |
| 自由现金流经营现金流 - 资本支出 | $201.4M | — |
| 自由现金流率自由现金流/营收 | 42.2% | — |
| 资本支出强度资本支出/营收 | 4.2% | — |
| 现金转化率经营现金流/净利润 | 8.11× | — |
| 过去12个月自由现金流最近4个季度 | $317.0M | — |
8季度趋势，按日历期对齐
经营现金流PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | $221.7M | $-114.6M | ||
| Q3 25 | $66.8M | $-2.0B | ||
| Q2 25 | $111.4M | $-557.1M | ||
| Q1 25 | $-16.7M | $1.4B | ||
| Q4 24 | $134.5M | $-1.8B | ||
| Q3 24 | $14.7M | $768.1M | ||
| Q2 24 | $92.6M | $-55.7M |
自由现金流PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | $201.4M | — | ||
| Q3 25 | $51.1M | — | ||
| Q2 25 | $98.0M | — | ||
| Q1 25 | $-33.6M | — | ||
| Q4 24 | $112.3M | — | ||
| Q3 24 | $-4.7M | — | ||
| Q2 24 | $76.1M | — |
自由现金流率PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | 42.2% | — | ||
| Q3 25 | 11.1% | — | ||
| Q2 25 | 21.2% | — | ||
| Q1 25 | -6.8% | — | ||
| Q4 24 | 21.8% | — | ||
| Q3 24 | -0.9% | — | ||
| Q2 24 | 15.5% | — |
资本支出强度PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | — | ||
| Q3 25 | 3.4% | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 3.4% | — |
现金转化率PBIRITM
| Q1 26 | — | — | ||
| Q4 25 | 8.11× | -1.35× | ||
| Q3 25 | 1.29× | -9.22× | ||
| Q2 25 | 3.72× | -1.79× | ||
| Q1 25 | -0.47× | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | — | -0.24× |
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
PBI
| Sales And Services | $218.4M | 46% |
| Presort Services | $159.7M | 33% |
| Financing And Other | $79.0M | 17% |
| Other | $20.5M | 4% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
