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PTC Inc.（PTC）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
PTC Inc.的季度营收约是RBC Bearings INC的1.5倍（$685.8M vs $461.6M），PTC Inc.净利率更高（24.3% vs 14.6%，领先9.7%），PTC Inc.同比增速更快（21.4% vs 17.0%），PTC Inc.自由现金流更多（$267.4M vs $99.1M），过去两年PTC Inc.的营收复合增速更高（6.6% vs 5.6%）
PTC是1985年成立的美国计算机软件与服务企业，总部位于马萨诸塞州波士顿。公司1988年率先推出参数化关联特征驱动的三维CAD建模软件，1998年发布基于互联网的产品生命周期管理（PLM）产品，目前面向合作伙伴与开发者提供物联网、增强现实（AR）平台及相关产品服务。
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。
PTC vs RBC — 直观对比
营收规模更大
PTC
是对方的1.5倍
$461.6M
营收增速更快
PTC
高出4.3%
17.0%
净利率更高
PTC
高出9.7%
14.6%
自由现金流更多
PTC
多$168.3M
$99.1M
两年增速更快
PTC
近两年复合增速
5.6%
损益表 — Q1 FY2026 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $685.8M | $461.6M |
| 净利润 | $166.5M | $67.4M |
| 毛利率 | 82.8% | 44.3% |
| 营业利润率 | 32.2% | 22.3% |
| 净利率 | 24.3% | 14.6% |
| 营收同比 | 21.4% | 17.0% |
| 净利润同比 | 102.5% | 16.4% |
| 每股收益（稀释后） | $1.39 | $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PTCRBC
| Q4 25 | $685.8M | $461.6M | ||
| Q3 25 | $893.8M | $455.3M | ||
| Q2 25 | $643.9M | $436.0M | ||
| Q1 25 | $636.4M | $437.7M | ||
| Q4 24 | $565.1M | $394.4M | ||
| Q3 24 | $626.5M | $397.9M | ||
| Q2 24 | $518.6M | $406.3M | ||
| Q1 24 | $603.1M | $413.7M |
净利润PTCRBC
| Q4 25 | $166.5M | $67.4M | ||
| Q3 25 | $347.8M | $60.0M | ||
| Q2 25 | $141.3M | $68.5M | ||
| Q1 25 | $162.6M | $72.7M | ||
| Q4 24 | $82.2M | $57.9M | ||
| Q3 24 | $126.5M | $54.2M | ||
| Q2 24 | $69.0M | $61.4M | ||
| Q1 24 | $114.4M | — |
毛利率PTCRBC
| Q4 25 | 82.8% | 44.3% | ||
| Q3 25 | 86.9% | 44.1% | ||
| Q2 25 | 82.9% | 44.8% | ||
| Q1 25 | 83.3% | 44.2% | ||
| Q4 24 | 80.2% | 44.3% | ||
| Q3 24 | 82.0% | 43.7% | ||
| Q2 24 | 78.4% | 45.3% | ||
| Q1 24 | 81.8% | 43.1% |
营业利润率PTCRBC
| Q4 25 | 32.2% | 22.3% | ||
| Q3 25 | 48.5% | 21.5% | ||
| Q2 25 | 32.6% | 23.2% | ||
| Q1 25 | 35.1% | 23.0% | ||
| Q4 24 | 20.4% | 21.7% | ||
| Q3 24 | 31.0% | 21.6% | ||
| Q2 24 | 18.5% | 24.0% | ||
| Q1 24 | 29.8% | 22.8% |
净利率PTCRBC
| Q4 25 | 24.3% | 14.6% | ||
| Q3 25 | 38.9% | 13.2% | ||
| Q2 25 | 21.9% | 15.7% | ||
| Q1 25 | 25.6% | 16.6% | ||
| Q4 24 | 14.6% | 14.7% | ||
| Q3 24 | 20.2% | 13.6% | ||
| Q2 24 | 13.3% | 15.1% | ||
| Q1 24 | 19.0% | — |
每股收益（稀释后）PTCRBC
| Q4 25 | $1.39 | $2.13 | ||
| Q3 25 | $2.88 | $1.90 | ||
| Q2 25 | $1.17 | $2.17 | ||
| Q1 25 | $1.35 | $2.33 | ||
| Q4 24 | $0.68 | $1.82 | ||
| Q3 24 | $1.05 | $1.65 | ||
| Q2 24 | $0.57 | $1.90 | ||
| Q1 24 | $0.95 | $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 | $209.7M | $107.6M |
| 总债务越低越好 | $1.2B | $990.2M |
| 股东权益账面价值 | $3.8B | $3.3B |
| 总资产 | $6.4B | $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PTCRBC
| Q4 25 | $209.7M | $107.6M | ||
| Q3 25 | $184.4M | $91.2M | ||
| Q2 25 | $199.3M | $132.9M | ||
| Q1 25 | $235.2M | $36.8M | ||
| Q4 24 | $196.3M | — | ||
| Q3 24 | $265.8M | — | ||
| Q2 24 | $247.7M | $76.8M | ||
| Q1 24 | $249.0M | $63.5M |
总债务PTCRBC
| Q4 25 | $1.2B | $990.2M | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $915.6M | ||
| Q1 25 | $1.4B | $920.1M | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.3B | — | ||
| Q1 24 | $1.5B | $1.2B |
股东权益PTCRBC
| Q4 25 | $3.8B | $3.3B | ||
| Q3 25 | $3.8B | $3.2B | ||
| Q2 25 | $3.5B | $3.1B | ||
| Q1 25 | $3.4B | $3.0B | ||
| Q4 24 | $3.2B | $2.9B | ||
| Q3 24 | $3.2B | $2.9B | ||
| Q2 24 | $3.0B | $2.8B | ||
| Q1 24 | $2.9B | $2.8B |
总资产PTCRBC
| Q4 25 | $6.4B | $5.1B | ||
| Q3 25 | $6.6B | $5.1B | ||
| Q2 25 | $6.2B | $4.8B | ||
| Q1 25 | $6.2B | $4.7B | ||
| Q4 24 | $6.1B | $4.7B | ||
| Q3 24 | $6.4B | $4.7B | ||
| Q2 24 | $6.1B | $4.7B | ||
| Q1 24 | $6.2B | $4.7B |
负债/权益比PTCRBC
| Q4 25 | 0.31× | 0.30× | ||
| Q3 25 | 0.31× | 0.34× | ||
| Q2 25 | 0.34× | 0.29× | ||
| Q1 25 | 0.40× | 0.30× | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | 0.38× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.51× | 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 | $269.7M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $267.4M | $99.1M |
| 自由现金流率自由现金流/营收 | 39.0% | 21.5% |
| 资本支出强度资本支出/营收 | 0.3% | 5.0% |
| 现金转化率经营现金流/净利润 | 1.62× | 1.81× |
| 过去12个月自由现金流最近4个季度 | $888.4M | — |
8季度趋势，按日历期对齐
经营现金流PTCRBC
| Q4 25 | $269.7M | $122.1M | ||
| Q3 25 | $104.0M | $88.4M | ||
| Q2 25 | $243.9M | $120.0M | ||
| Q1 25 | $281.3M | — | ||
| Q4 24 | $238.4M | $84.0M | ||
| Q3 24 | $98.1M | — | ||
| Q2 24 | $213.8M | $97.4M | ||
| Q1 24 | $250.7M | — |
自由现金流PTCRBC
| Q4 25 | $267.4M | $99.1M | ||
| Q3 25 | $100.5M | $71.7M | ||
| Q2 25 | $242.0M | $104.3M | ||
| Q1 25 | $278.5M | — | ||
| Q4 24 | $235.7M | $73.6M | ||
| Q3 24 | $93.6M | — | ||
| Q2 24 | $212.2M | $88.4M | ||
| Q1 24 | $247.1M | — |
自由现金流率PTCRBC
| Q4 25 | 39.0% | 21.5% | ||
| Q3 25 | 11.2% | 15.7% | ||
| Q2 25 | 37.6% | 23.9% | ||
| Q1 25 | 43.8% | — | ||
| Q4 24 | 41.7% | 18.7% | ||
| Q3 24 | 14.9% | — | ||
| Q2 24 | 40.9% | 21.8% | ||
| Q1 24 | 41.0% | — |
资本支出强度PTCRBC
| Q4 25 | 0.3% | 5.0% | ||
| Q3 25 | 0.4% | 3.7% | ||
| Q2 25 | 0.3% | 3.6% | ||
| Q1 25 | 0.4% | 3.2% | ||
| Q4 24 | 0.5% | 2.6% | ||
| Q3 24 | 0.7% | 4.1% | ||
| Q2 24 | 0.3% | 2.2% | ||
| Q1 24 | 0.6% | — |
现金转化率PTCRBC
| Q4 25 | 1.62× | 1.81× | ||
| Q3 25 | 0.30× | 1.47× | ||
| Q2 25 | 1.73× | 1.75× | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 2.90× | 1.45× | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 3.10× | 1.59× | ||
| Q1 24 | 2.19× | — |
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
PTC
| Support And Cloud Services | $393.3M | 57% |
| License | $269.7M | 39% |
| Technology Service | $22.9M | 3% |
| Perpetual License | $5.6M | 1% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
