vs
北极星（PII）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
北极星的季度营收约是瑞思迈的1.2倍（$1.7B vs $1.4B），瑞思迈净利率更高（27.6% vs -2.8%，领先30.4%），瑞思迈同比增速更快（11.0% vs 8.0%），过去两年瑞思迈的营收复合增速更高（7.9% vs -8.0%）
北极星公司（Polaris Inc.）是总部位于美国明尼苏达州麦地那的机动车制造企业，创立于明尼苏达州罗索，当地目前仍保留其工程研发与生产设施。公司曾通过胜利摩托子公司生产摩托车，2011年收购印第安摩托品牌后转由该子公司运营摩托业务，此前还曾生产私人水上摩托艇产品。
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。
PII vs RMD — 直观对比
营收规模更大
PII
是对方的1.2倍
$1.4B
营收增速更快
RMD
高出3.0%
8.0%
净利率更高
RMD
高出30.4%
-2.8%
两年增速更快
RMD
近两年复合增速
-8.0%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.4B |
| 净利润 | $-47.2M | $392.6M |
| 毛利率 | 20.2% | 61.8% |
| 营业利润率 | 76.5% | 34.6% |
| 净利率 | -2.8% | 27.6% |
| 营收同比 | 8.0% | 11.0% |
| 净利润同比 | 29.0% | 13.9% |
| 每股收益（稀释后） | $-0.83 | $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PIIRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $1.7B | — | ||
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.7B | $1.2B |
净利润PIIRMD
| Q2 26 | — | $392.6M | ||
| Q1 26 | $-47.2M | — | ||
| Q4 25 | $-303.6M | $392.6M | ||
| Q3 25 | $-15.8M | $348.5M | ||
| Q2 25 | $-79.3M | $379.7M | ||
| Q1 25 | $-66.8M | $365.0M | ||
| Q4 24 | $10.6M | $344.6M | ||
| Q3 24 | $27.7M | $311.4M |
毛利率PIIRMD
| Q2 26 | — | 61.8% | ||
| Q1 26 | 20.2% | — | ||
| Q4 25 | 20.0% | 61.8% | ||
| Q3 25 | 20.7% | 61.5% | ||
| Q2 25 | 19.4% | 60.8% | ||
| Q1 25 | 16.0% | 59.3% | ||
| Q4 24 | 20.4% | 58.6% | ||
| Q3 24 | 20.6% | 58.6% |
营业利润率PIIRMD
| Q2 26 | — | 34.6% | ||
| Q1 26 | 76.5% | — | ||
| Q4 25 | -16.7% | 34.6% | ||
| Q3 25 | 1.1% | 33.4% | ||
| Q2 25 | -0.7% | 33.7% | ||
| Q1 25 | -2.4% | 33.0% | ||
| Q4 24 | 3.7% | 32.5% | ||
| Q3 24 | 3.8% | 31.6% |
净利率PIIRMD
| Q2 26 | — | 27.6% | ||
| Q1 26 | -2.8% | — | ||
| Q4 25 | -15.8% | 27.6% | ||
| Q3 25 | -0.9% | 26.1% | ||
| Q2 25 | -4.3% | 28.2% | ||
| Q1 25 | -4.3% | 28.3% | ||
| Q4 24 | 0.6% | 26.9% | ||
| Q3 24 | 1.6% | 25.4% |
每股收益（稀释后）PIIRMD
| Q2 26 | — | $2.68 | ||
| Q1 26 | $-0.83 | — | ||
| Q4 25 | $-5.34 | $2.68 | ||
| Q3 25 | $-0.28 | $2.37 | ||
| Q2 25 | $-1.39 | $2.58 | ||
| Q1 25 | $-1.17 | $2.48 | ||
| Q4 24 | $0.18 | $2.34 | ||
| Q3 24 | $0.49 | $2.11 |
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 | $282.0M | $1.4B |
| 总债务越低越好 | — | $663.8M |
| 股东权益账面价值 | $750.4M | $6.3B |
| 总资产 | $5.2B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.11× |
8季度趋势，按日历期对齐
现金及短期投资PIIRMD
| Q2 26 | — | $1.4B | ||
| Q1 26 | $282.0M | — | ||
| Q4 25 | $138.0M | $1.4B | ||
| Q3 25 | $335.5M | $1.4B | ||
| Q2 25 | $324.3M | $1.2B | ||
| Q1 25 | $291.7M | $932.7M | ||
| Q4 24 | $287.8M | $521.9M | ||
| Q3 24 | $291.3M | $426.4M |
总债务PIIRMD
| Q2 26 | — | $663.8M | ||
| Q1 26 | — | — | ||
| Q4 25 | $1.5B | $403.9M | ||
| Q3 25 | $1.3B | $408.7M | ||
| Q2 25 | $1.4B | $658.4M | ||
| Q1 25 | $1.6B | $663.1M | ||
| Q4 24 | $1.6B | $662.9M | ||
| Q3 24 | $1.7B | $667.6M |
股东权益PIIRMD
| Q2 26 | — | $6.3B | ||
| Q1 26 | $750.4M | — | ||
| Q4 25 | $828.4M | $6.3B | ||
| Q3 25 | $1.1B | $6.1B | ||
| Q2 25 | $1.2B | $6.0B | ||
| Q1 25 | $1.2B | $5.5B | ||
| Q4 24 | $1.3B | $5.3B | ||
| Q3 24 | $1.3B | $5.2B |
总资产PIIRMD
| Q2 26 | — | $8.5B | ||
| Q1 26 | $5.2B | — | ||
| Q4 25 | $4.9B | $8.5B | ||
| Q3 25 | $5.3B | $8.3B | ||
| Q2 25 | $5.4B | $8.2B | ||
| Q1 25 | $5.5B | $7.6B | ||
| Q4 24 | $5.5B | $7.1B | ||
| Q3 24 | $5.6B | $7.2B |
负债/权益比PIIRMD
| Q2 26 | — | 0.11× | ||
| Q1 26 | — | — | ||
| Q4 25 | 1.82× | 0.06× | ||
| Q3 25 | 1.13× | 0.07× | ||
| Q2 25 | 1.17× | 0.11× | ||
| Q1 25 | 1.32× | 0.12× | ||
| Q4 24 | 1.27× | 0.13× | ||
| Q3 24 | 1.29× | 0.13× |
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 | — | — |
| 自由现金流经营现金流 - 资本支出 | $-342.5M | — |
| 自由现金流率自由现金流/营收 | -20.6% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $168.0M | — |
8季度趋势，按日历期对齐
经营现金流PIIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | $178.7M | $339.7M | ||
| Q3 25 | $158.8M | $457.3M | ||
| Q2 25 | $320.3M | $538.8M | ||
| Q1 25 | $83.2M | $578.7M | ||
| Q4 24 | $206.3M | $308.6M | ||
| Q3 24 | $21.0M | $325.5M |
自由现金流PIIRMD
| Q2 26 | — | — | ||
| Q1 26 | $-342.5M | — | ||
| Q4 25 | $114.0M | $311.2M | ||
| Q3 25 | $116.7M | $414.4M | ||
| Q2 25 | $279.8M | $508.2M | ||
| Q1 25 | $47.6M | $557.9M | ||
| Q4 24 | $137.3M | $288.0M | ||
| Q3 24 | $-32.4M | $307.7M |
自由现金流率PIIRMD
| Q2 26 | — | — | ||
| Q1 26 | -20.6% | — | ||
| Q4 25 | 5.9% | 21.9% | ||
| Q3 25 | 6.3% | 31.0% | ||
| Q2 25 | 15.1% | 37.7% | ||
| Q1 25 | 3.1% | 43.2% | ||
| Q4 24 | 7.8% | 22.5% | ||
| Q3 24 | -1.9% | 25.1% |
资本支出强度PIIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 2.0% | ||
| Q3 25 | 2.3% | 3.2% | ||
| Q2 25 | 2.2% | 2.3% | ||
| Q1 25 | 2.3% | 1.6% | ||
| Q4 24 | 3.9% | 1.6% | ||
| Q3 24 | 3.1% | 1.5% |
现金转化率PIIRMD
| Q2 26 | — | — | ||
| Q1 26 | — | — | ||
| Q4 25 | — | 0.87× | ||
| Q3 25 | — | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | — | 1.59× | ||
| Q4 24 | 19.46× | 0.90× | ||
| Q3 24 | 0.76× | 1.05× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
