vs
PROASSURANCE CORP（PRA）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PROASSURANCE CORP的1.7倍（$461.6M vs $269.6M），RBC Bearings INC净利率更高（14.6% vs 12.4%，领先2.2%），RBC Bearings INC同比增速更快（17.0% vs -7.1%），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -2.7%）
保信集团（ProAssurance）总部位于美国阿拉巴马州伯明翰，是一家财产意外保险公司，主打面向医生的职业责任保险业务。公司前身为1976年成立的Mutual Assurance，1997年更名为Medical Assurance，2001年与Professionals Group合并后改为现名，目前是全美第四大医疗职业责任险承保机构，总资产超60亿美元。
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。
PRA vs RBC — 直观对比
营收规模更大
RBC
是对方的1.7倍
$269.6M
营收增速更快
RBC
高出24.1%
-7.1%
净利率更高
RBC
高出2.2%
12.4%
两年增速更快
RBC
近两年复合增速
-2.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $269.6M | $461.6M |
| 净利润 | $33.4M | $67.4M |
| 毛利率 | — | 44.3% |
| 营业利润率 | 17.3% | 22.3% |
| 净利率 | 12.4% | 14.6% |
| 营收同比 | -7.1% | 17.0% |
| 净利润同比 | 106.4% | 16.4% |
| 每股收益（稀释后） | $0.65 | $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PRARBC
| Q4 25 | $269.6M | $461.6M | ||
| Q3 25 | $279.6M | $455.3M | ||
| Q2 25 | $276.8M | $436.0M | ||
| Q1 25 | $272.1M | $437.7M | ||
| Q4 24 | $290.1M | $394.4M | ||
| Q3 24 | $285.3M | $397.9M | ||
| Q2 24 | $290.4M | $406.3M | ||
| Q1 24 | $284.7M | $413.7M |
净利润PRARBC
| Q4 25 | $33.4M | $67.4M | ||
| Q3 25 | $1.4M | $60.0M | ||
| Q2 25 | $21.9M | $68.5M | ||
| Q1 25 | $-5.8M | $72.7M | ||
| Q4 24 | $16.2M | $57.9M | ||
| Q3 24 | $16.4M | $54.2M | ||
| Q2 24 | $15.5M | $61.4M | ||
| Q1 24 | $4.6M | — |
毛利率PRARBC
| Q4 25 | — | 44.3% | ||
| Q3 25 | — | 44.1% | ||
| Q2 25 | — | 44.8% | ||
| Q1 25 | — | 44.2% | ||
| Q4 24 | — | 44.3% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 45.3% | ||
| Q1 24 | — | 43.1% |
营业利润率PRARBC
| Q4 25 | 17.3% | 22.3% | ||
| Q3 25 | 1.6% | 21.5% | ||
| Q2 25 | 9.9% | 23.2% | ||
| Q1 25 | -2.3% | 23.0% | ||
| Q4 24 | 6.5% | 21.7% | ||
| Q3 24 | 7.4% | 21.6% | ||
| Q2 24 | 6.2% | 24.0% | ||
| Q1 24 | 1.9% | 22.8% |
净利率PRARBC
| Q4 25 | 12.4% | 14.6% | ||
| Q3 25 | 0.5% | 13.2% | ||
| Q2 25 | 7.9% | 15.7% | ||
| Q1 25 | -2.1% | 16.6% | ||
| Q4 24 | 5.6% | 14.7% | ||
| Q3 24 | 5.8% | 13.6% | ||
| Q2 24 | 5.3% | 15.1% | ||
| Q1 24 | 1.6% | — |
每股收益（稀释后）PRARBC
| Q4 25 | $0.65 | $2.13 | ||
| Q3 25 | $0.03 | $1.90 | ||
| Q2 25 | $0.42 | $2.17 | ||
| Q1 25 | $-0.11 | $2.33 | ||
| Q4 24 | $0.32 | $1.82 | ||
| Q3 24 | $0.32 | $1.65 | ||
| Q2 24 | $0.30 | $1.90 | ||
| Q1 24 | $0.09 | $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 | $36.5M | $107.6M |
| 总债务越低越好 | $420.4M | $990.2M |
| 股东权益账面价值 | $1.3B | $3.3B |
| 总资产 | $5.4B | $5.1B |
| 负债/权益比越低杠杆越低 | 0.31× | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资PRARBC
| Q4 25 | $36.5M | $107.6M | ||
| Q3 25 | $54.5M | $91.2M | ||
| Q2 25 | $41.6M | $132.9M | ||
| Q1 25 | $43.5M | $36.8M | ||
| Q4 24 | $54.9M | — | ||
| Q3 24 | $45.3M | — | ||
| Q2 24 | $36.9M | $76.8M | ||
| Q1 24 | $65.4M | $63.5M |
总债务PRARBC
| Q4 25 | $420.4M | $990.2M | ||
| Q3 25 | $421.5M | $1.1B | ||
| Q2 25 | $422.6M | $915.6M | ||
| Q1 25 | $423.7M | $920.1M | ||
| Q4 24 | $424.9M | — | ||
| Q3 24 | $425.9M | — | ||
| Q2 24 | $426.9M | — | ||
| Q1 24 | $427.8M | $1.2B |
股东权益PRARBC
| Q4 25 | $1.3B | $3.3B | ||
| Q3 25 | $1.3B | $3.2B | ||
| Q2 25 | $1.3B | $3.1B | ||
| Q1 25 | $1.2B | $3.0B | ||
| Q4 24 | $1.2B | $2.9B | ||
| Q3 24 | $1.2B | $2.9B | ||
| Q2 24 | $1.1B | $2.8B | ||
| Q1 24 | $1.1B | $2.8B |
总资产PRARBC
| Q4 25 | $5.4B | $5.1B | ||
| Q3 25 | $5.6B | $5.1B | ||
| Q2 25 | $5.5B | $4.8B | ||
| Q1 25 | $5.5B | $4.7B | ||
| Q4 24 | $5.6B | $4.7B | ||
| Q3 24 | $5.7B | $4.7B | ||
| Q2 24 | $5.6B | $4.7B | ||
| Q1 24 | $5.7B | $4.7B |
负债/权益比PRARBC
| Q4 25 | 0.31× | 0.30× | ||
| Q3 25 | 0.32× | 0.34× | ||
| Q2 25 | 0.33× | 0.29× | ||
| Q1 25 | 0.34× | 0.30× | ||
| Q4 24 | 0.35× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.38× | — | ||
| Q1 24 | 0.38× | 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 | $-25.6M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | — | $99.1M |
| 自由现金流率自由现金流/营收 | — | 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 | -0.77× | 1.81× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流PRARBC
| Q4 25 | $-25.6M | $122.1M | ||
| Q3 25 | $27.2M | $88.4M | ||
| Q2 25 | $-28.1M | $120.0M | ||
| Q1 25 | $-11.6M | — | ||
| Q4 24 | $-10.7M | $84.0M | ||
| Q3 24 | $14.0M | — | ||
| Q2 24 | $-12.8M | $97.4M | ||
| Q1 24 | $-11.6M | — |
自由现金流PRARBC
| Q4 25 | — | $99.1M | ||
| Q3 25 | — | $71.7M | ||
| Q2 25 | — | $104.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $73.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $88.4M | ||
| Q1 24 | — | — |
自由现金流率PRARBC
| Q4 25 | — | 21.5% | ||
| Q3 25 | — | 15.7% | ||
| Q2 25 | — | 23.9% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 18.7% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.8% | ||
| Q1 24 | — | — |
资本支出强度PRARBC
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 3.6% | ||
| Q1 25 | — | 3.2% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | — |
现金转化率PRARBC
| Q4 25 | -0.77× | 1.81× | ||
| Q3 25 | 18.81× | 1.47× | ||
| Q2 25 | -1.28× | 1.75× | ||
| Q1 25 | — | — | ||
| Q4 24 | -0.66× | 1.45× | ||
| Q3 24 | 0.85× | — | ||
| Q2 24 | -0.83× | 1.59× | ||
| Q1 24 | -2.52× | — |
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
PRA
| Workers Compensation Insurance Segment | $164.4M | 61% |
| Other | $59.6M | 22% |
| Segregated Portfolio Cell Reinsurance | $45.7M | 17% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
