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P10, Inc.（PX）与STURM RUGER & CO INC（RGR）财务数据对比。点击上方公司名可切换其他公司
STURM RUGER & CO INC的季度营收约是P10, Inc.的1.9倍（$151.1M vs $81.0M），STURM RUGER & CO INC同比增速更快（3.6% vs -4.7%），P10, Inc.自由现金流更多（$18.1M vs $12.3M），过去两年P10, Inc.的营收复合增速更高（10.7% vs 5.1%）
P10, Inc.是一家全球另类资产管理公司，提供涵盖私募股权、私募信贷、实物资产、风险投资的多元化投资解决方案，主要服务北美、欧洲、亚太市场的养老基金、捐赠基金、基金会及高净值个人等客户群体。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
PX vs RGR — 直观对比
营收规模更大
RGR
是对方的1.9倍
$81.0M
营收增速更快
RGR
高出8.3%
-4.7%
自由现金流更多
PX
多$5.8M
$12.3M
两年增速更快
PX
近两年复合增速
5.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $81.0M | $151.1M |
| 净利润 | $9.5M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | 31.9% | 2.3% |
| 净利率 | 11.7% | — |
| 营收同比 | -4.7% | 3.6% |
| 净利润同比 | 79.0% | — |
| 每股收益（稀释后） | $0.08 | $0.22 |
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PXRGR
| Q4 25 | $81.0M | $151.1M | ||
| Q3 25 | $75.9M | $126.8M | ||
| Q2 25 | $72.7M | $132.5M | ||
| Q1 25 | $67.7M | $135.7M | ||
| Q4 24 | $85.0M | $145.8M | ||
| Q3 24 | $74.2M | $122.3M | ||
| Q2 24 | $71.1M | $130.8M | ||
| Q1 24 | $66.1M | $136.8M |
净利润PXRGR
| Q4 25 | $9.5M | — | ||
| Q3 25 | $2.1M | $1.6M | ||
| Q2 25 | $3.4M | $-17.2M | ||
| Q1 25 | $4.5M | $7.8M | ||
| Q4 24 | $5.3M | — | ||
| Q3 24 | $1.4M | $4.7M | ||
| Q2 24 | $7.0M | $8.3M | ||
| Q1 24 | $5.0M | $7.1M |
毛利率PXRGR
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
营业利润率PXRGR
| Q4 25 | 31.9% | 2.3% | ||
| Q3 25 | 14.1% | -2.7% | ||
| Q2 25 | 24.4% | -15.6% | ||
| Q1 25 | 16.6% | 6.2% | ||
| Q4 24 | 26.9% | 7.8% | ||
| Q3 24 | 11.9% | 3.1% | ||
| Q2 24 | 23.7% | 6.9% | ||
| Q1 24 | 18.3% | 5.5% |
净利率PXRGR
| Q4 25 | 11.7% | — | ||
| Q3 25 | 2.8% | 1.2% | ||
| Q2 25 | 4.7% | -13.0% | ||
| Q1 25 | 6.7% | 5.7% | ||
| Q4 24 | 6.2% | — | ||
| Q3 24 | 1.9% | 3.9% | ||
| Q2 24 | 9.8% | 6.3% | ||
| Q1 24 | 7.6% | 5.2% |
每股收益（稀释后）PXRGR
| Q4 25 | $0.08 | $0.22 | ||
| Q3 25 | $0.02 | $0.10 | ||
| Q2 25 | $0.03 | $-1.05 | ||
| Q1 25 | $0.04 | $0.46 | ||
| Q4 24 | $0.05 | $0.62 | ||
| Q3 24 | $0.01 | $0.28 | ||
| Q2 24 | $0.06 | $0.47 | ||
| Q1 24 | $0.04 | $0.40 |
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 | $28.2M | $92.5M |
| 总债务越低越好 | $373.2M | — |
| 股东权益账面价值 | $403.5M | $283.8M |
| 总资产 | $928.3M | $342.0M |
| 负债/权益比越低杠杆越低 | 0.93× | — |
8季度趋势，按日历期对齐
现金及短期投资PXRGR
| Q4 25 | $28.2M | $92.5M | ||
| Q3 25 | $40.0M | $80.8M | ||
| Q2 25 | $33.4M | $101.4M | ||
| Q1 25 | $74.4M | $108.3M | ||
| Q4 24 | $67.5M | $105.5M | ||
| Q3 24 | $61.5M | $96.0M | ||
| Q2 24 | $31.2M | $105.6M | ||
| Q1 24 | $29.0M | $115.3M |
总债务PXRGR
| Q4 25 | $373.2M | — | ||
| Q3 25 | $393.4M | — | ||
| Q2 25 | $373.0M | — | ||
| Q1 25 | $357.2M | — | ||
| Q4 24 | $319.8M | — | ||
| Q3 24 | $319.4M | — | ||
| Q2 24 | $300.6M | — | ||
| Q1 24 | $314.0M | — |
股东权益PXRGR
| Q4 25 | $403.5M | $283.8M | ||
| Q3 25 | $396.8M | $279.6M | ||
| Q2 25 | $388.9M | $289.3M | ||
| Q1 25 | $374.3M | $321.5M | ||
| Q4 24 | $386.9M | $319.6M | ||
| Q3 24 | $394.1M | $314.9M | ||
| Q2 24 | $396.9M | $321.5M | ||
| Q1 24 | $400.1M | $332.0M |
总资产PXRGR
| Q4 25 | $928.3M | $342.0M | ||
| Q3 25 | $936.0M | $342.3M | ||
| Q2 25 | $932.2M | $349.5M | ||
| Q1 25 | $877.4M | $379.0M | ||
| Q4 24 | $869.3M | $384.0M | ||
| Q3 24 | $857.0M | $373.5M | ||
| Q2 24 | $823.2M | $376.7M | ||
| Q1 24 | $832.8M | $385.0M |
负债/权益比PXRGR
| Q4 25 | 0.93× | — | ||
| Q3 25 | 0.99× | — | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.78× | — |
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 | $23.0M | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $18.1M | $12.3M |
| 自由现金流率自由现金流/营收 | 22.3% | 8.2% |
| 资本支出强度资本支出/营收 | 6.0% | 2.1% |
| 现金转化率经营现金流/净利润 | 2.43× | — |
| 过去12个月自由现金流最近4个季度 | $14.1M | $38.5M |
8季度趋势，按日历期对齐
经营现金流PXRGR
| Q4 25 | $23.0M | $15.5M | ||
| Q3 25 | $-8.6M | $12.9M | ||
| Q2 25 | $13.4M | $14.7M | ||
| Q1 25 | $-4.7M | $11.1M | ||
| Q4 24 | $101.0M | $20.0M | ||
| Q3 24 | $27.5M | $9.4M | ||
| Q2 24 | $34.8M | $18.7M | ||
| Q1 24 | $11.0M | $7.3M |
自由现金流PXRGR
| Q4 25 | $18.1M | $12.3M | ||
| Q3 25 | $-9.5M | $7.0M | ||
| Q2 25 | $11.6M | $9.1M | ||
| Q1 25 | $-6.0M | $10.0M | ||
| Q4 24 | $96.6M | $16.4M | ||
| Q3 24 | $25.2M | $2.6M | ||
| Q2 24 | $33.9M | $10.1M | ||
| Q1 24 | $10.7M | $5.6M |
自由现金流率PXRGR
| Q4 25 | 22.3% | 8.2% | ||
| Q3 25 | -12.6% | 5.5% | ||
| Q2 25 | 15.9% | 6.9% | ||
| Q1 25 | -8.9% | 7.4% | ||
| Q4 24 | 113.6% | 11.2% | ||
| Q3 24 | 34.0% | 2.1% | ||
| Q2 24 | 47.7% | 7.7% | ||
| Q1 24 | 16.2% | 4.1% |
资本支出强度PXRGR
| Q4 25 | 6.0% | 2.1% | ||
| Q3 25 | 1.2% | 4.6% | ||
| Q2 25 | 2.5% | 4.2% | ||
| Q1 25 | 1.9% | 0.8% | ||
| Q4 24 | 5.2% | 2.5% | ||
| Q3 24 | 3.0% | 5.5% | ||
| Q2 24 | 1.3% | 6.6% | ||
| Q1 24 | 0.4% | 1.3% |
现金转化率PXRGR
| Q4 25 | 2.43× | — | ||
| Q3 25 | -4.01× | 8.15× | ||
| Q2 25 | 3.96× | — | ||
| Q1 25 | -1.05× | 1.43× | ||
| Q4 24 | 19.12× | — | ||
| Q3 24 | 19.54× | 1.98× | ||
| Q2 24 | 4.98× | 2.27× | ||
| Q1 24 | 2.18× | 1.04× |
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
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
