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PEGASYSTEMS INC（PEGA）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PEGASYSTEMS INC的1.1倍（$461.6M vs $430.0M），RBC Bearings INC净利率更高（14.6% vs 7.6%，领先7.0%），RBC Bearings INC同比增速更快（17.0% vs -9.6%），PEGASYSTEMS INC自由现金流更多（$206.5M vs $99.1M），过去两年PEGASYSTEMS INC的营收复合增速更高（10.7% vs 5.6%）
Pegasystems Inc.（简称Pega）是1983年成立的全球软件企业，总部位于美国马萨诸塞州沃尔瑟姆，1996年于纳斯达克上市，股票代码PEGA。公司主打低代码平台，面向企业客户提供工作流自动化、生成式AI驱动决策等相关解决方案。
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。
PEGA vs RBC — 直观对比
营收规模更大
RBC
是对方的1.1倍
$430.0M
营收增速更快
RBC
高出26.6%
-9.6%
净利率更高
RBC
高出7.0%
7.6%
自由现金流更多
PEGA
多$107.4M
$99.1M
两年增速更快
PEGA
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $430.0M | $461.6M |
| 净利润 | $32.8M | $67.4M |
| 毛利率 | 75.2% | 44.3% |
| 营业利润率 | 8.6% | 22.3% |
| 净利率 | 7.6% | 14.6% |
| 营收同比 | -9.6% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | $0.18 | $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PEGARBC
| Q1 26 | $430.0M | — | ||
| Q4 25 | $504.3M | $461.6M | ||
| Q3 25 | $381.4M | $455.3M | ||
| Q2 25 | $384.5M | $436.0M | ||
| Q1 25 | $475.6M | $437.7M | ||
| Q4 24 | $490.8M | $394.4M | ||
| Q3 24 | $325.1M | $397.9M | ||
| Q2 24 | $351.2M | $406.3M |
净利润PEGARBC
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | $67.4M | ||
| Q3 25 | $43.4M | $60.0M | ||
| Q2 25 | $30.1M | $68.5M | ||
| Q1 25 | $85.4M | $72.7M | ||
| Q4 24 | $119.1M | $57.9M | ||
| Q3 24 | $-14.4M | $54.2M | ||
| Q2 24 | $6.6M | $61.4M |
毛利率PEGARBC
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | 44.3% | ||
| Q3 25 | 72.2% | 44.1% | ||
| Q2 25 | 71.5% | 44.8% | ||
| Q1 25 | 78.5% | 44.2% | ||
| Q4 24 | 79.1% | 44.3% | ||
| Q3 24 | 70.2% | 43.7% | ||
| Q2 24 | 72.4% | 45.3% |
营业利润率PEGARBC
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | 22.3% | ||
| Q3 25 | 3.8% | 21.5% | ||
| Q2 25 | 4.5% | 23.2% | ||
| Q1 25 | 26.7% | 23.0% | ||
| Q4 24 | 29.1% | 21.7% | ||
| Q3 24 | -3.6% | 21.6% | ||
| Q2 24 | 3.7% | 24.0% |
净利率PEGARBC
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | 14.6% | ||
| Q3 25 | 11.4% | 13.2% | ||
| Q2 25 | 7.8% | 15.7% | ||
| Q1 25 | 18.0% | 16.6% | ||
| Q4 24 | 24.3% | 14.7% | ||
| Q3 24 | -4.4% | 13.6% | ||
| Q2 24 | 1.9% | 15.1% |
每股收益（稀释后）PEGARBC
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | $2.13 | ||
| Q3 25 | $0.24 | $1.90 | ||
| Q2 25 | $0.17 | $2.17 | ||
| Q1 25 | $0.91 | $2.33 | ||
| Q4 24 | $1.35 | $1.82 | ||
| Q3 24 | $-0.17 | $1.65 | ||
| Q2 24 | $0.07 | $1.90 |
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 | $270.0M | $107.6M |
| 总债务越低越好 | — | $990.2M |
| 股东权益账面价值 | $705.9M | $3.3B |
| 总资产 | $1.6B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资PEGARBC
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | $107.6M | ||
| Q3 25 | $351.4M | $91.2M | ||
| Q2 25 | $411.6M | $132.9M | ||
| Q1 25 | $371.7M | $36.8M | ||
| Q4 24 | $740.0M | — | ||
| Q3 24 | $703.0M | — | ||
| Q2 24 | $665.1M | $76.8M |
总债务PEGARBC
| Q1 26 | — | — | ||
| Q4 25 | — | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益PEGARBC
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | $3.3B | ||
| Q3 25 | $596.8M | $3.2B | ||
| Q2 25 | $624.5M | $3.1B | ||
| Q1 25 | $611.3M | $3.0B | ||
| Q4 24 | $585.5M | $2.9B | ||
| Q3 24 | $473.0M | $2.9B | ||
| Q2 24 | $435.4M | $2.8B |
总资产PEGARBC
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $5.1B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.3B | $4.8B | ||
| Q1 25 | $1.3B | $4.7B | ||
| Q4 24 | $1.8B | $4.7B | ||
| Q3 24 | $1.6B | $4.7B | ||
| Q2 24 | $1.5B | $4.7B |
负债/权益比PEGARBC
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $206.5M | $99.1M |
| 自由现金流率自由现金流/营收 | 48.0% | 21.5% |
| 资本支出强度资本支出/营收 | — | 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 | $494.9M | — |
8季度趋势，按日历期对齐
经营现金流PEGARBC
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | $122.1M | ||
| Q3 25 | $56.3M | $88.4M | ||
| Q2 25 | $86.3M | $120.0M | ||
| Q1 25 | $204.2M | — | ||
| Q4 24 | $95.2M | $84.0M | ||
| Q3 24 | $30.5M | — | ||
| Q2 24 | $40.1M | $97.4M |
自由现金流PEGARBC
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | $99.1M | ||
| Q3 25 | $51.8M | $71.7M | ||
| Q2 25 | $84.1M | $104.3M | ||
| Q1 25 | $202.3M | — | ||
| Q4 24 | $92.4M | $73.6M | ||
| Q3 24 | $27.4M | — | ||
| Q2 24 | $38.8M | $88.4M |
自由现金流率PEGARBC
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | 21.5% | ||
| Q3 25 | 13.6% | 15.7% | ||
| Q2 25 | 21.9% | 23.9% | ||
| Q1 25 | 42.5% | — | ||
| Q4 24 | 18.8% | 18.7% | ||
| Q3 24 | 8.4% | — | ||
| Q2 24 | 11.1% | 21.8% |
资本支出强度PEGARBC
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 5.0% | ||
| Q3 25 | 1.2% | 3.7% | ||
| Q2 25 | 0.6% | 3.6% | ||
| Q1 25 | 0.4% | 3.2% | ||
| Q4 24 | 0.6% | 2.6% | ||
| Q3 24 | 0.9% | 4.1% | ||
| Q2 24 | 0.4% | 2.2% |
现金转化率PEGARBC
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | 1.81× | ||
| Q3 25 | 1.30× | 1.47× | ||
| Q2 25 | 2.87× | 1.75× | ||
| Q1 25 | 2.39× | — | ||
| Q4 24 | 0.80× | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | 1.59× |
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
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
