vs
Quad/Graphics, Inc.（QUAD）与Rithm Capital Corp.（RITM）财务数据对比。点击上方公司名可切换其他公司
Rithm Capital Corp.的季度营收约是Quad/Graphics, Inc.的1.3倍（$828.2M vs $630.6M），Rithm Capital Corp.同比增速更快（508.5% vs -11.0%），过去两年Quad/Graphics, Inc.的营收复合增速更高（-1.9% vs -17.9%）
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。
Rithm Capital Corp.是总部位于美国纽约的投资管理机构，核心业务聚焦房地产投资与另类资产投资，依托专业的投研团队和成熟的市场运营经验，为合作伙伴及投资者提供优质的资产配置解决方案与长期收益回报。
QUAD vs RITM — 直观对比
营收规模更大
RITM
是对方的1.3倍
$630.6M
营收增速更快
RITM
高出519.5%
-11.0%
两年增速更快
QUAD
近两年复合增速
-17.9%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $630.6M | $828.2M |
| 净利润 | — | $109.5M |
| 毛利率 | 21.6% | — |
| 营业利润率 | 5.9% | 29.9% |
| 净利率 | — | 13.2% |
| 营收同比 | -11.0% | 508.5% |
| 净利润同比 | — | 27.7% |
| 每股收益（稀释后） | $0.22 | $0.12 |
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QUADRITM
| Q1 26 | — | $828.2M | ||
| Q4 25 | $630.6M | $1.5B | ||
| Q3 25 | $588.0M | $1.1B | ||
| Q2 25 | $571.9M | $1.2B | ||
| Q1 25 | $629.4M | $768.4M | ||
| Q4 24 | $708.4M | $2.1B | ||
| Q3 24 | $674.8M | $619.5M | ||
| Q2 24 | $634.2M | $1.2B |
净利润QUADRITM
| Q1 26 | — | $109.5M | ||
| Q4 25 | — | $85.0M | ||
| Q3 25 | $10.2M | $221.5M | ||
| Q2 25 | $-100.0K | $311.7M | ||
| Q1 25 | $5.8M | $78.8M | ||
| Q4 24 | — | $290.2M | ||
| Q3 24 | $-24.7M | $121.7M | ||
| Q2 24 | $-2.8M | $235.6M |
毛利率QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | 21.6% | — | ||
| Q3 25 | 22.8% | — | ||
| Q2 25 | 21.6% | — | ||
| Q1 25 | 20.6% | — | ||
| Q4 24 | 22.4% | — | ||
| Q3 24 | 21.8% | — | ||
| Q2 24 | 22.1% | — |
营业利润率QUADRITM
| Q1 26 | — | 29.9% | ||
| Q4 25 | 5.9% | 13.8% | ||
| Q3 25 | 4.5% | 21.4% | ||
| Q2 25 | 2.4% | 25.2% | ||
| Q1 25 | 3.1% | 7.4% | ||
| Q4 24 | 2.8% | 23.8% | ||
| Q3 24 | -0.7% | 7.3% | ||
| Q2 24 | 2.4% | 23.6% |
净利率QUADRITM
| Q1 26 | — | 13.2% | ||
| Q4 25 | — | 5.7% | ||
| Q3 25 | 1.7% | 20.0% | ||
| Q2 25 | -0.0% | 25.6% | ||
| Q1 25 | 0.9% | 10.3% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | -3.7% | 19.7% | ||
| Q2 24 | -0.4% | 19.2% |
每股收益（稀释后）QUADRITM
| Q1 26 | — | $0.12 | ||
| Q4 25 | $0.22 | $0.09 | ||
| Q3 25 | $0.21 | $0.35 | ||
| Q2 25 | $0.00 | $0.53 | ||
| Q1 25 | $0.11 | $0.07 | ||
| Q4 24 | $0.11 | $0.50 | ||
| Q3 24 | $-0.52 | $0.20 | ||
| Q2 24 | $-0.06 | $0.43 |
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 | — |
| 总债务越低越好 | $369.9M | — |
| 股东权益账面价值 | $-59.5M | $9.1B |
| 总资产 | $1.3B | $53.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | $63.3M | $1.8B | ||
| Q3 25 | $6.2M | $1.6B | ||
| Q2 25 | $6.7M | $1.6B | ||
| Q1 25 | $8.1M | $1.5B | ||
| Q4 24 | $29.2M | $1.5B | ||
| Q3 24 | $12.5M | $1.6B | ||
| Q2 24 | $12.8M | $1.2B |
总债务QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | $369.9M | $35.4B | ||
| Q3 25 | — | $32.2B | ||
| Q2 25 | — | $31.2B | ||
| Q1 25 | — | $32.2B | ||
| Q4 24 | $377.1M | $32.6B | ||
| Q3 24 | — | $29.6B | ||
| Q2 24 | — | $30.1B |
股东权益QUADRITM
| Q1 26 | — | $9.1B | ||
| Q4 25 | $-59.5M | $8.4B | ||
| Q3 25 | $96.7M | $8.5B | ||
| Q2 25 | $87.0M | $7.9B | ||
| Q1 25 | $87.4M | $7.8B | ||
| Q4 24 | $-131.2M | $7.8B | ||
| Q3 24 | $50.9M | $7.7B | ||
| Q2 24 | $79.1M | $7.3B |
总资产QUADRITM
| Q1 26 | — | $53.4B | ||
| Q4 25 | $1.3B | $53.1B | ||
| Q3 25 | $1.3B | $47.2B | ||
| Q2 25 | $1.2B | $44.3B | ||
| Q1 25 | $1.2B | $45.3B | ||
| Q4 24 | $1.3B | $46.0B | ||
| Q3 24 | $1.4B | $42.3B | ||
| Q2 24 | $1.4B | $42.0B |
负债/权益比QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | — | 4.20× | ||
| Q3 25 | — | 3.79× | ||
| Q2 25 | — | 3.92× | ||
| Q1 25 | — | 4.14× | ||
| Q4 24 | — | 4.18× | ||
| Q3 24 | — | 3.87× | ||
| Q2 24 | — | 4.10× |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $137.2M | — |
| 自由现金流率自由现金流/营收 | 21.8% | — |
| 资本支出强度资本支出/营收 | 1.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 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QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | $145.9M | $-114.6M | ||
| Q3 25 | $-8.4M | $-2.0B | ||
| Q2 25 | $47.4M | $-557.1M | ||
| Q1 25 | $-89.0M | $1.4B | ||
| Q4 24 | $158.8M | $-1.8B | ||
| Q3 24 | $2.4M | $768.1M | ||
| Q2 24 | $3.9M | $-55.7M |
自由现金流QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | $137.2M | — | ||
| Q3 25 | $-20.6M | — | ||
| Q2 25 | $34.4M | — | ||
| Q1 25 | $-100.3M | — | ||
| Q4 24 | $147.3M | — | ||
| Q3 24 | $-9.8M | — | ||
| Q2 24 | $-11.7M | — |
自由现金流率QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | 21.8% | — | ||
| Q3 25 | -3.5% | — | ||
| Q2 25 | 6.0% | — | ||
| Q1 25 | -15.9% | — | ||
| Q4 24 | 20.8% | — | ||
| Q3 24 | -1.5% | — | ||
| Q2 24 | -1.8% | — |
资本支出强度QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 2.3% | — | ||
| Q1 25 | 1.8% | — | ||
| Q4 24 | 1.6% | — | ||
| Q3 24 | 1.8% | — | ||
| Q2 24 | 2.5% | — |
现金转化率QUADRITM
| Q1 26 | — | — | ||
| Q4 25 | — | -1.35× | ||
| Q3 25 | -0.82× | -9.22× | ||
| Q2 25 | — | -1.79× | ||
| Q1 25 | -15.34× | 18.03× | ||
| Q4 24 | — | -6.04× | ||
| Q3 24 | — | 6.31× | ||
| Q2 24 | — | -0.24× |
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% |
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
