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Planet Fitness, Inc.（PLNT）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Planet Fitness, Inc.的1.2倍（$461.6M vs $376.3M），Planet Fitness, Inc.净利率更高（16.0% vs 14.6%，领先1.4%），RBC Bearings INC同比增速更快（17.0% vs 10.5%），RBC Bearings INC自由现金流更多（$99.1M vs $59.0M），过去两年Planet Fitness, Inc.的营收复合增速更高（23.2% vs 5.6%）
Planet Fitness Inc.是总部位于美国新罕布什尔州汉普顿的健身中心特许经营商及运营商，目前在全球拥有约2715家门店，覆盖美国、加拿大、巴拿马、墨西哥、西班牙、澳大利亚等国，是全球规模最大的健身俱乐部特许经营品牌之一，主打「无评判空间」理念，面向所有健身水平的用户开放。
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。
PLNT vs RBC — 直观对比
营收规模更大
RBC
是对方的1.2倍
$376.3M
营收增速更快
RBC
高出6.5%
10.5%
净利率更高
PLNT
高出1.4%
14.6%
自由现金流更多
RBC
多$40.1M
$59.0M
两年增速更快
PLNT
近两年复合增速
5.6%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $376.3M | $461.6M |
| 净利润 | $60.4M | $67.4M |
| 毛利率 | 76.0% | 44.3% |
| 营业利润率 | 28.2% | 22.3% |
| 净利率 | 16.0% | 14.6% |
| 营收同比 | 10.5% | 17.0% |
| 净利润同比 | 28.3% | 16.4% |
| 每股收益（稀释后） | — | $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PLNTRBC
| Q4 25 | $376.3M | $461.6M | ||
| Q3 25 | $330.3M | $455.3M | ||
| Q2 25 | $340.9M | $436.0M | ||
| Q1 25 | $276.7M | $437.7M | ||
| Q4 24 | $340.4M | $394.4M | ||
| Q3 24 | $292.2M | $397.9M | ||
| Q2 24 | $300.9M | $406.3M | ||
| Q1 24 | $248.0M | $413.7M |
净利润PLNTRBC
| Q4 25 | $60.4M | $67.4M | ||
| Q3 25 | $58.8M | $60.0M | ||
| Q2 25 | $58.0M | $68.5M | ||
| Q1 25 | $41.9M | $72.7M | ||
| Q4 24 | $47.1M | $57.9M | ||
| Q3 24 | $42.0M | $54.2M | ||
| Q2 24 | $48.6M | $61.4M | ||
| Q1 24 | $34.3M | — |
毛利率PLNTRBC
| Q4 25 | 76.0% | 44.3% | ||
| Q3 25 | 82.4% | 44.1% | ||
| Q2 25 | 82.6% | 44.8% | ||
| Q1 25 | 91.9% | 44.2% | ||
| Q4 24 | 76.4% | 44.3% | ||
| Q3 24 | 84.4% | 43.7% | ||
| Q2 24 | 82.7% | 45.3% | ||
| Q1 24 | 92.3% | 43.1% |
营业利润率PLNTRBC
| Q4 25 | 28.2% | 22.3% | ||
| Q3 25 | 32.4% | 21.5% | ||
| Q2 25 | 30.0% | 23.2% | ||
| Q1 25 | 28.6% | 23.0% | ||
| Q4 24 | 26.4% | 21.7% | ||
| Q3 24 | 27.8% | 21.6% | ||
| Q2 24 | 29.0% | 24.0% | ||
| Q1 24 | 26.5% | 22.8% |
净利率PLNTRBC
| Q4 25 | 16.0% | 14.6% | ||
| Q3 25 | 17.8% | 13.2% | ||
| Q2 25 | 17.0% | 15.7% | ||
| Q1 25 | 15.1% | 16.6% | ||
| Q4 24 | 13.8% | 14.7% | ||
| Q3 24 | 14.4% | 13.6% | ||
| Q2 24 | 16.2% | 15.1% | ||
| Q1 24 | 13.8% | — |
每股收益（稀释后）PLNTRBC
| Q4 25 | — | $2.13 | ||
| Q3 25 | — | $1.90 | ||
| Q2 25 | — | $2.17 | ||
| Q1 25 | — | $2.33 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | — | $1.65 | ||
| Q2 24 | — | $1.90 | ||
| Q1 24 | — | $1.92 |
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 | $452.4M | $107.6M |
| 总债务越低越好 | $2.5B | $990.2M |
| 股东权益账面价值 | $-482.8M | $3.3B |
| 总资产 | $3.1B | $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PLNTRBC
| Q4 25 | $452.4M | $107.6M | ||
| Q3 25 | $443.4M | $91.2M | ||
| Q2 25 | $442.7M | $132.9M | ||
| Q1 25 | $453.6M | $36.8M | ||
| Q4 24 | $407.3M | — | ||
| Q3 24 | $407.4M | — | ||
| Q2 24 | $350.2M | $76.8M | ||
| Q1 24 | $395.1M | $63.5M |
总债务PLNTRBC
| Q4 25 | $2.5B | $990.2M | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $915.6M | ||
| Q1 25 | $2.2B | $920.1M | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.2B | — | ||
| Q2 24 | $2.2B | — | ||
| Q1 24 | $2.0B | $1.2B |
股东权益PLNTRBC
| Q4 25 | $-482.8M | $3.3B | ||
| Q3 25 | $-194.8M | $3.2B | ||
| Q2 25 | $-158.7M | $3.1B | ||
| Q1 25 | $-219.9M | $3.0B | ||
| Q4 24 | $-215.4M | $2.9B | ||
| Q3 24 | $-266.1M | $2.9B | ||
| Q2 24 | $-317.7M | $2.8B | ||
| Q1 24 | $-96.4M | $2.8B |
总资产PLNTRBC
| Q4 25 | $3.1B | $5.1B | ||
| Q3 25 | $3.1B | $5.1B | ||
| Q2 25 | $3.1B | $4.8B | ||
| Q1 25 | $3.1B | $4.7B | ||
| Q4 24 | $3.1B | $4.7B | ||
| Q3 24 | $3.0B | $4.7B | ||
| Q2 24 | $3.0B | $4.7B | ||
| Q1 24 | $3.0B | $4.7B |
负债/权益比PLNTRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.43× |
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 | $109.1M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $59.0M | $99.1M |
| 自由现金流率自由现金流/营收 | 15.7% | 21.5% |
| 资本支出强度资本支出/营收 | 13.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.81× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $254.8M | — |
8季度趋势，按日历期对齐
经营现金流PLNTRBC
| Q4 25 | $109.1M | $122.1M | ||
| Q3 25 | $131.5M | $88.4M | ||
| Q2 25 | $44.0M | $120.0M | ||
| Q1 25 | $133.9M | — | ||
| Q4 24 | $49.1M | $84.0M | ||
| Q3 24 | $126.8M | — | ||
| Q2 24 | $78.2M | $97.4M | ||
| Q1 24 | $89.7M | — |
自由现金流PLNTRBC
| Q4 25 | $59.0M | $99.1M | ||
| Q3 25 | $76.7M | $71.7M | ||
| Q2 25 | $8.2M | $104.3M | ||
| Q1 25 | $110.9M | — | ||
| Q4 24 | $7.0M | $73.6M | ||
| Q3 24 | $78.2M | — | ||
| Q2 24 | $40.2M | $88.4M | ||
| Q1 24 | $63.4M | — |
自由现金流率PLNTRBC
| Q4 25 | 15.7% | 21.5% | ||
| Q3 25 | 23.2% | 15.7% | ||
| Q2 25 | 2.4% | 23.9% | ||
| Q1 25 | 40.1% | — | ||
| Q4 24 | 2.1% | 18.7% | ||
| Q3 24 | 26.7% | — | ||
| Q2 24 | 13.4% | 21.8% | ||
| Q1 24 | 25.6% | — |
资本支出强度PLNTRBC
| Q4 25 | 13.3% | 5.0% | ||
| Q3 25 | 16.6% | 3.7% | ||
| Q2 25 | 10.5% | 3.6% | ||
| Q1 25 | 8.3% | 3.2% | ||
| Q4 24 | 12.4% | 2.6% | ||
| Q3 24 | 16.6% | 4.1% | ||
| Q2 24 | 12.6% | 2.2% | ||
| Q1 24 | 10.6% | — |
现金转化率PLNTRBC
| Q4 25 | 1.81× | 1.81× | ||
| Q3 25 | 2.23× | 1.47× | ||
| Q2 25 | 0.76× | 1.75× | ||
| Q1 25 | 3.20× | — | ||
| Q4 24 | 1.04× | 1.45× | ||
| Q3 24 | 3.02× | — | ||
| Q2 24 | 1.61× | 1.59× | ||
| Q1 24 | 2.62× | — |
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
PLNT
| Corporate Owned Club Segment | $135.6M | 36% |
| Equipment Revenue | $121.2M | 32% |
| Franchise | $98.6M | 26% |
| Advertising | $20.8M | 6% |
| Related Party | $4.3M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
