vs
Pure Storage, Inc.（PSTG）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
瑞思迈的季度营收约是Pure Storage, Inc.的1.5倍（$1.4B vs $964.5M），瑞思迈净利率更高（27.6% vs 5.7%，领先21.9%），Pure Storage, Inc.同比增速更快（16.0% vs 11.0%），瑞思迈自由现金流更多（$311.2M vs $52.6M），过去两年Pure Storage, Inc.的营收复合增速更高（10.5% vs 9.0%）
Pure Storage是美国上市科技企业，总部位于加利福尼亚州圣克拉拉，成立于2009年，2011年正式推出自研全闪存数据存储软硬件产品，2015年上市前累计获得超4.7亿美元风险投资，营收长期保持高速增长态势。
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。
PSTG vs RMD — 直观对比
营收规模更大
RMD
是对方的1.5倍
$964.5M
营收增速更快
PSTG
高出5.1%
11.0%
净利率更高
RMD
高出21.9%
5.7%
自由现金流更多
RMD
多$258.6M
$52.6M
两年增速更快
PSTG
近两年复合增速
9.0%
损益表 — Q3 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $964.5M | $1.4B |
| 净利润 | $54.8M | $392.6M |
| 毛利率 | 72.3% | 61.8% |
| 营业利润率 | 5.6% | 34.6% |
| 净利率 | 5.7% | 27.6% |
| 营收同比 | 16.0% | 11.0% |
| 净利润同比 | -13.9% | 13.9% |
| 每股收益（稀释后） | $0.16 | $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PSTGRMD
| Q4 25 | $964.5M | $1.4B | ||
| Q3 25 | $861.0M | $1.3B | ||
| Q2 25 | $778.5M | $1.3B | ||
| Q1 25 | $879.8M | $1.3B | ||
| Q4 24 | $831.1M | $1.3B | ||
| Q3 24 | $763.8M | $1.2B | ||
| Q2 24 | $693.5M | $1.2B | ||
| Q1 24 | $789.8M | $1.2B |
净利润PSTGRMD
| Q4 25 | $54.8M | $392.6M | ||
| Q3 25 | $47.1M | $348.5M | ||
| Q2 25 | $-14.0M | $379.7M | ||
| Q1 25 | $42.4M | $365.0M | ||
| Q4 24 | $63.6M | $344.6M | ||
| Q3 24 | $35.7M | $311.4M | ||
| Q2 24 | $-35.0M | $292.2M | ||
| Q1 24 | $65.4M | $300.5M |
毛利率PSTGRMD
| Q4 25 | 72.3% | 61.8% | ||
| Q3 25 | 70.2% | 61.5% | ||
| Q2 25 | 68.9% | 60.8% | ||
| Q1 25 | 67.5% | 59.3% | ||
| Q4 24 | 70.1% | 58.6% | ||
| Q3 24 | 70.7% | 58.6% | ||
| Q2 24 | 71.5% | 58.5% | ||
| Q1 24 | 72.0% | 57.9% |
营业利润率PSTGRMD
| Q4 25 | 5.6% | 34.6% | ||
| Q3 25 | 0.6% | 33.4% | ||
| Q2 25 | -4.0% | 33.7% | ||
| Q1 25 | 4.8% | 33.0% | ||
| Q4 24 | 7.2% | 32.5% | ||
| Q3 24 | 3.3% | 31.6% | ||
| Q2 24 | -6.0% | 31.2% | ||
| Q1 24 | 7.3% | 31.3% |
净利率PSTGRMD
| Q4 25 | 5.7% | 27.6% | ||
| Q3 25 | 5.5% | 26.1% | ||
| Q2 25 | -1.8% | 28.2% | ||
| Q1 25 | 4.8% | 28.3% | ||
| Q4 24 | 7.7% | 26.9% | ||
| Q3 24 | 4.7% | 25.4% | ||
| Q2 24 | -5.0% | 23.9% | ||
| Q1 24 | 8.3% | 25.1% |
每股收益（稀释后）PSTGRMD
| Q4 25 | $0.16 | $2.68 | ||
| Q3 25 | $0.14 | $2.37 | ||
| Q2 25 | $-0.04 | $2.58 | ||
| Q1 25 | $0.13 | $2.48 | ||
| Q4 24 | $0.19 | $2.34 | ||
| Q3 24 | $0.10 | $2.11 | ||
| Q2 24 | $-0.11 | $1.97 | ||
| Q1 24 | $0.22 | $2.04 |
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 | $852.8M | $1.4B |
| 总债务越低越好 | — | $403.9M |
| 股东权益账面价值 | $1.4B | $6.3B |
| 总资产 | $4.2B | $8.5B |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资PSTGRMD
| Q4 25 | $852.8M | $1.4B | ||
| Q3 25 | $887.8M | $1.4B | ||
| Q2 25 | $739.3M | $1.2B | ||
| Q1 25 | $723.6M | $932.7M | ||
| Q4 24 | $894.6M | $521.9M | ||
| Q3 24 | $965.0M | $426.4M | ||
| Q2 24 | $900.6M | $238.4M | ||
| Q1 24 | $702.5M | $237.9M |
总债务PSTGRMD
| Q4 25 | — | $403.9M | ||
| Q3 25 | — | $408.7M | ||
| Q2 25 | — | $658.4M | ||
| Q1 25 | — | $663.1M | ||
| Q4 24 | — | $662.9M | ||
| Q3 24 | — | $667.6M | ||
| Q2 24 | — | $697.3M | ||
| Q1 24 | — | $997.0M |
股东权益PSTGRMD
| Q4 25 | $1.4B | $6.3B | ||
| Q3 25 | $1.3B | $6.1B | ||
| Q2 25 | $1.2B | $6.0B | ||
| Q1 25 | $1.3B | $5.5B | ||
| Q4 24 | $1.4B | $5.3B | ||
| Q3 24 | $1.5B | $5.2B | ||
| Q2 24 | $1.4B | $4.9B | ||
| Q1 24 | $1.3B | $4.6B |
总资产PSTGRMD
| Q4 25 | $4.2B | $8.5B | ||
| Q3 25 | $4.0B | $8.3B | ||
| Q2 25 | $3.8B | $8.2B | ||
| Q1 25 | $4.0B | $7.6B | ||
| Q4 24 | $3.9B | $7.1B | ||
| Q3 24 | $3.8B | $7.2B | ||
| Q2 24 | $3.6B | $6.9B | ||
| Q1 24 | $3.7B | $6.8B |
负债/权益比PSTGRMD
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.12× | ||
| Q4 24 | — | 0.13× | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.22× |
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 | $116.0M | $339.7M |
| 自由现金流经营现金流 - 资本支出 | $52.6M | $311.2M |
| 自由现金流率自由现金流/营收 | 5.5% | 21.9% |
| 资本支出强度资本支出/营收 | 6.6% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.12× | 0.87× |
| 过去12个月自由现金流最近4个季度 | $566.7M | $1.8B |
8季度趋势，按日历期对齐
经营现金流PSTGRMD
| Q4 25 | $116.0M | $339.7M | ||
| Q3 25 | $212.2M | $457.3M | ||
| Q2 25 | $283.9M | $538.8M | ||
| Q1 25 | $208.5M | $578.7M | ||
| Q4 24 | $97.0M | $308.6M | ||
| Q3 24 | $226.6M | $325.5M | ||
| Q2 24 | $221.5M | $440.1M | ||
| Q1 24 | $244.4M | $402.0M |
自由现金流PSTGRMD
| Q4 25 | $52.6M | $311.2M | ||
| Q3 25 | $150.1M | $414.4M | ||
| Q2 25 | $211.6M | $508.2M | ||
| Q1 25 | $152.4M | $557.9M | ||
| Q4 24 | $35.2M | $288.0M | ||
| Q3 24 | $166.6M | $307.7M | ||
| Q2 24 | $172.7M | $415.2M | ||
| Q1 24 | $200.9M | $380.8M |
自由现金流率PSTGRMD
| Q4 25 | 5.5% | 21.9% | ||
| Q3 25 | 17.4% | 31.0% | ||
| Q2 25 | 27.2% | 37.7% | ||
| Q1 25 | 17.3% | 43.2% | ||
| Q4 24 | 4.2% | 22.5% | ||
| Q3 24 | 21.8% | 25.1% | ||
| Q2 24 | 24.9% | 33.9% | ||
| Q1 24 | 25.4% | 31.8% |
资本支出强度PSTGRMD
| Q4 25 | 6.6% | 2.0% | ||
| Q3 25 | 7.2% | 3.2% | ||
| Q2 25 | 9.3% | 2.3% | ||
| Q1 25 | 6.4% | 1.6% | ||
| Q4 24 | 7.4% | 1.6% | ||
| Q3 24 | 7.9% | 1.5% | ||
| Q2 24 | 7.0% | 2.0% | ||
| Q1 24 | 5.5% | 1.8% |
现金转化率PSTGRMD
| Q4 25 | 2.12× | 0.87× | ||
| Q3 25 | 4.50× | 1.31× | ||
| Q2 25 | — | 1.42× | ||
| Q1 25 | 4.91× | 1.59× | ||
| Q4 24 | 1.52× | 0.90× | ||
| Q3 24 | 6.35× | 1.05× | ||
| Q2 24 | — | 1.51× | ||
| Q1 24 | 3.74× | 1.34× |
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
PSTG
| US | $683.2M | 71% |
| Non Us | $281.3M | 29% |
RMD
| Sleep And Breathing Health | $1.3B | 88% |
| Residential Care Software | $166.9M | 12% |
