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P10, Inc.（PX）与REGIS CORP（RGS）财务数据对比。点击上方公司名可切换其他公司
P10, Inc.的季度营收约是REGIS CORP的1.4倍（$81.0M vs $57.1M），P10, Inc.净利率更高（11.7% vs 0.8%，领先10.9%），REGIS CORP同比增速更快（22.3% vs -4.7%），P10, Inc.自由现金流更多（$18.1M vs $891.0K），过去两年P10, Inc.的营收复合增速更高（10.7% vs 7.8%）
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。
瑞吉斯公司是一家美国美发沙龙运营商，总部位于明尼苏达州明尼阿波利斯市。截至2021年8月，该集团旗下拥有5563家加盟沙龙以及276家直营门店，是北美地区规模领先的美发沙龙连锁经营企业。
PX vs RGS — 直观对比
营收规模更大
PX
是对方的1.4倍
$57.1M
营收增速更快
RGS
高出26.9%
-4.7%
净利率更高
PX
高出10.9%
0.8%
自由现金流更多
PX
多$17.2M
$891.0K
两年增速更快
PX
近两年复合增速
7.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $81.0M | $57.1M |
| 净利润 | $9.5M | $456.0K |
| 毛利率 | — | — |
| 营业利润率 | 31.9% | 10.8% |
| 净利率 | 11.7% | 0.8% |
| 营收同比 | -4.7% | 22.3% |
| 净利润同比 | 79.0% | -94.0% |
| 每股收益（稀释后） | $0.08 | $0.16 |
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PXRGS
| Q4 25 | $81.0M | $57.1M | ||
| Q3 25 | $75.9M | $59.0M | ||
| Q2 25 | $72.7M | $60.4M | ||
| Q1 25 | $67.7M | $57.0M | ||
| Q4 24 | $85.0M | $46.7M | ||
| Q3 24 | $74.2M | $46.1M | ||
| Q2 24 | $71.1M | $49.4M | ||
| Q1 24 | $66.1M | $49.2M |
净利润PXRGS
| Q4 25 | $9.5M | $456.0K | ||
| Q3 25 | $2.1M | $1.4M | ||
| Q2 25 | $3.4M | $116.5M | ||
| Q1 25 | $4.5M | $250.0K | ||
| Q4 24 | $5.3M | $7.6M | ||
| Q3 24 | $1.4M | $-853.0K | ||
| Q2 24 | $7.0M | $91.2M | ||
| Q1 24 | $5.0M | $-2.3M |
营业利润率PXRGS
| Q4 25 | 31.9% | 10.8% | ||
| Q3 25 | 14.1% | 10.0% | ||
| Q2 25 | 24.4% | 12.1% | ||
| Q1 25 | 16.6% | 8.8% | ||
| Q4 24 | 26.9% | 11.8% | ||
| Q3 24 | 11.9% | 4.6% | ||
| Q2 24 | 23.7% | — | ||
| Q1 24 | 18.3% | 8.3% |
净利率PXRGS
| Q4 25 | 11.7% | 0.8% | ||
| Q3 25 | 2.8% | 2.3% | ||
| Q2 25 | 4.7% | 192.9% | ||
| Q1 25 | 6.7% | 0.4% | ||
| Q4 24 | 6.2% | 16.4% | ||
| Q3 24 | 1.9% | -1.9% | ||
| Q2 24 | 9.8% | 184.7% | ||
| Q1 24 | 7.6% | -4.7% |
每股收益（稀释后）PXRGS
| Q4 25 | $0.08 | $0.16 | ||
| Q3 25 | $0.02 | $0.49 | ||
| Q2 25 | $0.03 | $43.67 | ||
| Q1 25 | $0.04 | $0.08 | ||
| Q4 24 | $0.05 | $2.71 | ||
| Q3 24 | $0.01 | $-0.36 | ||
| Q2 24 | $0.06 | $38.40 | ||
| Q1 24 | $0.04 | $-1.00 |
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 | $18.4M |
| 总债务越低越好 | $373.2M | $113.3M |
| 股东权益账面价值 | $403.5M | $188.7M |
| 总资产 | $928.3M | $588.3M |
| 负债/权益比越低杠杆越低 | 0.93× | 0.60× |
8季度趋势，按日历期对齐
现金及短期投资PXRGS
| Q4 25 | $28.2M | $18.4M | ||
| Q3 25 | $40.0M | $16.6M | ||
| Q2 25 | $33.4M | $17.0M | ||
| Q1 25 | $74.4M | $13.3M | ||
| Q4 24 | $67.5M | $10.2M | ||
| Q3 24 | $61.5M | $6.3M | ||
| Q2 24 | $31.2M | $10.1M | ||
| Q1 24 | $29.0M | $5.9M |
总债务PXRGS
| Q4 25 | $373.2M | $113.3M | ||
| Q3 25 | $393.4M | $111.3M | ||
| Q2 25 | $373.0M | $110.8M | ||
| Q1 25 | $357.2M | $112.0M | ||
| Q4 24 | $319.8M | $111.5M | ||
| Q3 24 | $319.4M | $95.2M | ||
| Q2 24 | $300.6M | $99.5M | ||
| Q1 24 | $314.0M | $179.7M |
股东权益PXRGS
| Q4 25 | $403.5M | $188.7M | ||
| Q3 25 | $396.8M | $187.6M | ||
| Q2 25 | $388.9M | $185.6M | ||
| Q1 25 | $374.3M | $68.6M | ||
| Q4 24 | $386.9M | $66.7M | ||
| Q3 24 | $394.1M | $56.4M | ||
| Q2 24 | $396.9M | $56.8M | ||
| Q1 24 | $400.1M | $-35.8M |
总资产PXRGS
| Q4 25 | $928.3M | $588.3M | ||
| Q3 25 | $936.0M | $592.1M | ||
| Q2 25 | $932.2M | $599.0M | ||
| Q1 25 | $877.4M | $511.2M | ||
| Q4 24 | $869.3M | $530.1M | ||
| Q3 24 | $857.0M | $508.9M | ||
| Q2 24 | $823.2M | $530.5M | ||
| Q1 24 | $832.8M | $543.7M |
负债/权益比PXRGS
| Q4 25 | 0.93× | 0.60× | ||
| Q3 25 | 0.99× | 0.59× | ||
| Q2 25 | 0.96× | 0.60× | ||
| Q1 25 | 0.95× | 1.63× | ||
| Q4 24 | 0.83× | 1.67× | ||
| Q3 24 | 0.81× | 1.69× | ||
| Q2 24 | 0.76× | 1.75× | ||
| 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 | $1.7M |
| 自由现金流经营现金流 - 资本支出 | $18.1M | $891.0K |
| 自由现金流率自由现金流/营收 | 22.3% | 1.6% |
| 资本支出强度资本支出/营收 | 6.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 2.43× | 3.65× |
| 过去12个月自由现金流最近4个季度 | $14.1M | $14.9M |
8季度趋势，按日历期对齐
经营现金流PXRGS
| Q4 25 | $23.0M | $1.7M | ||
| Q3 25 | $-8.6M | $2.3M | ||
| Q2 25 | $13.4M | $6.8M | ||
| Q1 25 | $-4.7M | $6.2M | ||
| Q4 24 | $101.0M | $2.1M | ||
| Q3 24 | $27.5M | $-1.3M | ||
| Q2 24 | $34.8M | $5.1M | ||
| Q1 24 | $11.0M | $-277.0K |
自由现金流PXRGS
| Q4 25 | $18.1M | $891.0K | ||
| Q3 25 | $-9.5M | $1.9M | ||
| Q2 25 | $11.6M | $6.2M | ||
| Q1 25 | $-6.0M | $5.9M | ||
| Q4 24 | $96.6M | $1.7M | ||
| Q3 24 | $25.2M | $-1.4M | ||
| Q2 24 | $33.9M | $5.1M | ||
| Q1 24 | $10.7M | $-326.0K |
自由现金流率PXRGS
| Q4 25 | 22.3% | 1.6% | ||
| Q3 25 | -12.6% | 3.2% | ||
| Q2 25 | 15.9% | 10.3% | ||
| Q1 25 | -8.9% | 10.3% | ||
| Q4 24 | 113.6% | 3.6% | ||
| Q3 24 | 34.0% | -3.0% | ||
| Q2 24 | 47.7% | 10.3% | ||
| Q1 24 | 16.2% | -0.7% |
资本支出强度PXRGS
| Q4 25 | 6.0% | 1.4% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 2.5% | 0.9% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 5.2% | 0.9% | ||
| Q3 24 | 3.0% | 0.0% | ||
| Q2 24 | 1.3% | 0.0% | ||
| Q1 24 | 0.4% | 0.1% |
现金转化率PXRGS
| Q4 25 | 2.43× | 3.65× | ||
| Q3 25 | -4.01× | 1.68× | ||
| Q2 25 | 3.96× | 0.06× | ||
| Q1 25 | -1.05× | 24.80× | ||
| Q4 24 | 19.12× | 0.28× | ||
| Q3 24 | 19.54× | — | ||
| Q2 24 | 4.98× | 0.06× | ||
| Q1 24 | 2.18× | — |
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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
