vs
Quad/Graphics, Inc.（QUAD）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
Quad/Graphics, Inc.的季度营收约是RBC Bearings INC的1.4倍（$630.6M vs $461.6M），RBC Bearings INC同比增速更快（17.0% vs -11.0%），Quad/Graphics, Inc.自由现金流更多（$137.2M vs $99.1M），过去两年RBC Bearings INC的营收复合增速更高（5.6% vs -1.9%）
奎德图形是一家总部位于美国威斯康星州萨塞克斯的营销服务企业，主营各类印刷与营销服务，业务覆盖受众定向、全渠道媒体策划投放、创意内容制作、零售展示包装、邮件优化及消费者分析等领域，可同时服务实体与数字媒体渠道。2025年，该企业位列美国大型广告集团、北美大型商业印刷企业之列。
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。
QUAD vs RBC — 直观对比
营收规模更大
QUAD
是对方的1.4倍
$461.6M
营收增速更快
RBC
高出28.0%
-11.0%
自由现金流更多
QUAD
多$38.1M
$99.1M
两年增速更快
RBC
近两年复合增速
-1.9%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $630.6M | $461.6M |
| 净利润 | — | $67.4M |
| 毛利率 | 21.6% | 44.3% |
| 营业利润率 | 5.9% | 22.3% |
| 净利率 | — | 14.6% |
| 营收同比 | -11.0% | 17.0% |
| 净利润同比 | — | 16.4% |
| 每股收益（稀释后） | $0.22 | $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QUADRBC
| Q4 25 | $630.6M | $461.6M | ||
| Q3 25 | $588.0M | $455.3M | ||
| Q2 25 | $571.9M | $436.0M | ||
| Q1 25 | $629.4M | $437.7M | ||
| Q4 24 | $708.4M | $394.4M | ||
| Q3 24 | $674.8M | $397.9M | ||
| Q2 24 | $634.2M | $406.3M | ||
| Q1 24 | $654.8M | $413.7M |
净利润QUADRBC
| Q4 25 | — | $67.4M | ||
| Q3 25 | $10.2M | $60.0M | ||
| Q2 25 | $-100.0K | $68.5M | ||
| Q1 25 | $5.8M | $72.7M | ||
| Q4 24 | — | $57.9M | ||
| Q3 24 | $-24.7M | $54.2M | ||
| Q2 24 | $-2.8M | $61.4M | ||
| Q1 24 | $-28.1M | — |
毛利率QUADRBC
| Q4 25 | 21.6% | 44.3% | ||
| Q3 25 | 22.8% | 44.1% | ||
| Q2 25 | 21.6% | 44.8% | ||
| Q1 25 | 20.6% | 44.2% | ||
| Q4 24 | 22.4% | 44.3% | ||
| Q3 24 | 21.8% | 43.7% | ||
| Q2 24 | 22.1% | 45.3% | ||
| Q1 24 | 20.4% | 43.1% |
营业利润率QUADRBC
| Q4 25 | 5.9% | 22.3% | ||
| Q3 25 | 4.5% | 21.5% | ||
| Q2 25 | 2.4% | 23.2% | ||
| Q1 25 | 3.1% | 23.0% | ||
| Q4 24 | 2.8% | 21.7% | ||
| Q3 24 | -0.7% | 21.6% | ||
| Q2 24 | 2.4% | 24.0% | ||
| Q1 24 | -1.6% | 22.8% |
净利率QUADRBC
| Q4 25 | — | 14.6% | ||
| Q3 25 | 1.7% | 13.2% | ||
| Q2 25 | -0.0% | 15.7% | ||
| Q1 25 | 0.9% | 16.6% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | -3.7% | 13.6% | ||
| Q2 24 | -0.4% | 15.1% | ||
| Q1 24 | -4.3% | — |
每股收益（稀释后）QUADRBC
| Q4 25 | $0.22 | $2.13 | ||
| Q3 25 | $0.21 | $1.90 | ||
| Q2 25 | $0.00 | $2.17 | ||
| Q1 25 | $0.11 | $2.33 | ||
| Q4 24 | $0.11 | $1.82 | ||
| Q3 24 | $-0.52 | $1.65 | ||
| Q2 24 | $-0.06 | $1.90 | ||
| Q1 24 | $-0.60 | $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 | $63.3M | $107.6M |
| 总债务越低越好 | $369.9M | $990.2M |
| 股东权益账面价值 | $-59.5M | $3.3B |
| 总资产 | $1.3B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.30× |
8季度趋势，按日历期对齐
现金及短期投资QUADRBC
| Q4 25 | $63.3M | $107.6M | ||
| Q3 25 | $6.2M | $91.2M | ||
| Q2 25 | $6.7M | $132.9M | ||
| Q1 25 | $8.1M | $36.8M | ||
| Q4 24 | $29.2M | — | ||
| Q3 24 | $12.5M | — | ||
| Q2 24 | $12.8M | $76.8M | ||
| Q1 24 | $10.2M | $63.5M |
总债务QUADRBC
| Q4 25 | $369.9M | $990.2M | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $915.6M | ||
| Q1 25 | — | $920.1M | ||
| Q4 24 | $377.1M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $1.2B |
股东权益QUADRBC
| Q4 25 | $-59.5M | $3.3B | ||
| Q3 25 | $96.7M | $3.2B | ||
| Q2 25 | $87.0M | $3.1B | ||
| Q1 25 | $87.4M | $3.0B | ||
| Q4 24 | $-131.2M | $2.9B | ||
| Q3 24 | $50.9M | $2.9B | ||
| Q2 24 | $79.1M | $2.8B | ||
| Q1 24 | $89.2M | $2.8B |
总资产QUADRBC
| Q4 25 | $1.3B | $5.1B | ||
| Q3 25 | $1.3B | $5.1B | ||
| Q2 25 | $1.2B | $4.8B | ||
| Q1 25 | $1.2B | $4.7B | ||
| Q4 24 | $1.3B | $4.7B | ||
| Q3 24 | $1.4B | $4.7B | ||
| Q2 24 | $1.4B | $4.7B | ||
| Q1 24 | $1.4B | $4.7B |
负债/权益比QUADRBC
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.34× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 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 | $145.9M | $122.1M |
| 自由现金流经营现金流 - 资本支出 | $137.2M | $99.1M |
| 自由现金流率自由现金流/营收 | 21.8% | 21.5% |
| 资本支出强度资本支出/营收 | 1.4% | 5.0% |
| 现金转化率经营现金流/净利润 | — | 1.81× |
| 过去12个月自由现金流最近4个季度 | $50.7M | — |
8季度趋势，按日历期对齐
经营现金流QUADRBC
| Q4 25 | $145.9M | $122.1M | ||
| Q3 25 | $-8.4M | $88.4M | ||
| Q2 25 | $47.4M | $120.0M | ||
| Q1 25 | $-89.0M | — | ||
| Q4 24 | $158.8M | $84.0M | ||
| Q3 24 | $2.4M | — | ||
| Q2 24 | $3.9M | $97.4M | ||
| Q1 24 | $-52.2M | — |
自由现金流QUADRBC
| Q4 25 | $137.2M | $99.1M | ||
| Q3 25 | $-20.6M | $71.7M | ||
| Q2 25 | $34.4M | $104.3M | ||
| Q1 25 | $-100.3M | — | ||
| Q4 24 | $147.3M | $73.6M | ||
| Q3 24 | $-9.8M | — | ||
| Q2 24 | $-11.7M | $88.4M | ||
| Q1 24 | $-70.1M | — |
自由现金流率QUADRBC
| Q4 25 | 21.8% | 21.5% | ||
| Q3 25 | -3.5% | 15.7% | ||
| Q2 25 | 6.0% | 23.9% | ||
| Q1 25 | -15.9% | — | ||
| Q4 24 | 20.8% | 18.7% | ||
| Q3 24 | -1.5% | — | ||
| Q2 24 | -1.8% | 21.8% | ||
| Q1 24 | -10.7% | — |
资本支出强度QUADRBC
| Q4 25 | 1.4% | 5.0% | ||
| Q3 25 | 2.1% | 3.7% | ||
| Q2 25 | 2.3% | 3.6% | ||
| Q1 25 | 1.8% | 3.2% | ||
| Q4 24 | 1.6% | 2.6% | ||
| Q3 24 | 1.8% | 4.1% | ||
| Q2 24 | 2.5% | 2.2% | ||
| Q1 24 | 2.7% | — |
现金转化率QUADRBC
| Q4 25 | — | 1.81× | ||
| Q3 25 | -0.82× | 1.47× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | -15.34× | — | ||
| Q4 24 | — | 1.45× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.59× | ||
| Q1 24 | — | — |
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
QUAD
| Catalog Publications Retail Inserts Books And Directories | $300.6M | 48% |
| Direct Mail And Other Printed Products | $147.1M | 23% |
| Imaging Marketing Services And Other Services | $79.8M | 13% |
| Logistic Services | $61.4M | 10% |
| Other | $39.3M | 6% |
| Other Revenues | $2.4M | 0% |
RBC
| Domestic | $413.3M | 90% |
| Foreign | $48.3M | 10% |
