vs
FreightCar America, Inc.（RAIL）与再鼎医药（ZLAB）财务数据对比。点击上方公司名可切换其他公司
再鼎医药的季度营收约是FreightCar America, Inc.的1.0倍（$127.1M vs $125.5M），再鼎医药同比增速更快（17.1% vs -8.8%），FreightCar America, Inc.自由现金流更多（$8.8M vs $-26.7M），过去两年再鼎医药的营收复合增速更高（20.8% vs -11.7%）
货运车美国公司是铁路行业货运车厢制造商，全球约有2000名雇员，核心生产基地设在墨西哥卡斯塔诺斯，厂区面积达70万平方英尺。此外，公司总部设于芝加哥，在宾夕法尼亚州约翰斯顿设有工程与零部件厂区，主要为铁路领域提供专业货运车厢产品。
再鼎医药是一家创新生物制药企业，专注于肿瘤、自身免疫性疾病、感染性疾病等领域创新疗法的研发、生产与商业化，核心市场覆盖大中华区，与全球多家头部生物科技企业合作，为存在未被满足医疗需求的患者提供治疗方案。
RAIL vs ZLAB — 直观对比
营收规模更大
ZLAB
是对方的1.0倍
$125.5M
营收增速更快
ZLAB
高出25.9%
-8.8%
自由现金流更多
RAIL
多$35.5M
$-26.7M
两年增速更快
ZLAB
近两年复合增速
-11.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $125.5M | $127.1M |
| 净利润 | $-16.6M | — |
| 毛利率 | 13.4% | 51.0% |
| 营业利润率 | 6.2% | -54.6% |
| 净利率 | -13.2% | — |
| 营收同比 | -8.8% | 17.1% |
| 净利润同比 | -147.9% | — |
| 每股收益（稀释后） | $-0.54 | $-0.05 |
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RAILZLAB
| Q4 25 | $125.5M | $127.1M | ||
| Q3 25 | $160.4M | $115.4M | ||
| Q2 25 | $118.5M | $109.1M | ||
| Q1 25 | $96.2M | $105.7M | ||
| Q4 24 | $137.6M | $108.5M | ||
| Q3 24 | $113.2M | $101.8M | ||
| Q2 24 | $146.0M | $100.1M | ||
| Q1 24 | $160.9M | $87.1M |
净利润RAILZLAB
| Q4 25 | $-16.6M | — | ||
| Q3 25 | $-7.4M | $-36.0M | ||
| Q2 25 | $11.7M | $-40.7M | ||
| Q1 25 | $50.4M | $-48.4M | ||
| Q4 24 | $34.6M | — | ||
| Q3 24 | $-107.0M | $-41.7M | ||
| Q2 24 | $8.2M | $-80.3M | ||
| Q1 24 | $-11.6M | $-53.5M |
毛利率RAILZLAB
| Q4 25 | 13.4% | 51.0% | ||
| Q3 25 | 15.1% | 59.5% | ||
| Q2 25 | 15.0% | 60.6% | ||
| Q1 25 | 15.0% | 63.6% | ||
| Q4 24 | 15.3% | 61.5% | ||
| Q3 24 | 14.3% | 64.1% | ||
| Q2 24 | 12.6% | 64.9% | ||
| Q1 24 | 7.1% | 61.4% |
营业利润率RAILZLAB
| Q4 25 | 6.2% | -54.6% | ||
| Q3 25 | 9.1% | -42.3% | ||
| Q2 25 | 6.5% | -50.3% | ||
| Q1 25 | 4.0% | -53.3% | ||
| Q4 24 | 8.5% | -62.6% | ||
| Q3 24 | 7.6% | -66.6% | ||
| Q2 24 | 9.0% | -76.0% | ||
| Q1 24 | 2.4% | -80.7% |
净利率RAILZLAB
| Q4 25 | -13.2% | — | ||
| Q3 25 | -4.6% | -31.2% | ||
| Q2 25 | 9.9% | -37.3% | ||
| Q1 25 | 52.4% | -45.8% | ||
| Q4 24 | 25.2% | — | ||
| Q3 24 | -94.6% | -40.9% | ||
| Q2 24 | 5.6% | -80.2% | ||
| Q1 24 | -7.2% | -61.4% |
每股收益（稀释后）RAILZLAB
| Q4 25 | $-0.54 | $-0.05 | ||
| Q3 25 | $-0.23 | $-0.03 | ||
| Q2 25 | $0.34 | $-0.04 | ||
| Q1 25 | $1.52 | $-0.04 | ||
| Q4 24 | $0.88 | $-0.09 | ||
| Q3 24 | $-3.57 | $-0.04 | ||
| Q2 24 | $0.11 | $-0.08 | ||
| Q1 24 | $-0.54 | $-0.05 |
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 | — | $689.6M |
| 总债务越低越好 | $107.2M | — |
| 股东权益账面价值 | $-107.4M | $715.5M |
| 总资产 | $290.0M | $1.2B |
| 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RAILZLAB
| Q4 25 | — | $689.6M | ||
| Q3 25 | — | $717.2M | ||
| Q2 25 | — | $732.2M | ||
| Q1 25 | — | $757.3M | ||
| Q4 24 | — | $779.7M | ||
| Q3 24 | — | $616.1M | ||
| Q2 24 | — | $630.0M | ||
| Q1 24 | — | $650.8M |
总债务RAILZLAB
| Q4 25 | $107.2M | — | ||
| Q3 25 | $107.6M | — | ||
| Q2 25 | $107.9M | — | ||
| Q1 25 | $108.2M | — | ||
| Q4 24 | $108.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益RAILZLAB
| Q4 25 | $-107.4M | $715.5M | ||
| Q3 25 | $-90.9M | $759.9M | ||
| Q2 25 | $-83.5M | $791.7M | ||
| Q1 25 | $-97.4M | $810.8M | ||
| Q4 24 | $-150.3M | $840.9M | ||
| Q3 24 | $-156.3M | $667.7M | ||
| Q2 24 | $-48.8M | $704.2M | ||
| Q1 24 | $-57.0M | $762.2M |
总资产RAILZLAB
| Q4 25 | $290.0M | $1.2B | ||
| Q3 25 | $340.8M | $1.2B | ||
| Q2 25 | $328.1M | $1.2B | ||
| Q1 25 | $250.5M | $1.2B | ||
| Q4 24 | $224.2M | $1.2B | ||
| Q3 24 | $245.9M | $985.3M | ||
| Q2 24 | $207.2M | $987.4M | ||
| Q1 24 | $248.7M | $988.4M |
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 | $10.0M | $-26.0M |
| 自由现金流经营现金流 - 资本支出 | $8.8M | $-26.7M |
| 自由现金流率自由现金流/营收 | 7.0% | -21.0% |
| 资本支出强度资本支出/营收 | 1.0% | 0.5% |
| 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 | $31.4M | $-158.9M |
8季度趋势，按日历期对齐
经营现金流RAILZLAB
| Q4 25 | $10.0M | $-26.0M | ||
| Q3 25 | $3.4M | $-32.0M | ||
| Q2 25 | $8.5M | $-31.0M | ||
| Q1 25 | $12.8M | $-61.7M | ||
| Q4 24 | $5.9M | $-55.8M | ||
| Q3 24 | $7.2M | $-26.8M | ||
| Q2 24 | $57.2M | $-42.2M | ||
| Q1 24 | $-25.3M | $-90.1M |
自由现金流RAILZLAB
| Q4 25 | $8.8M | $-26.7M | ||
| Q3 25 | $2.2M | $-35.0M | ||
| Q2 25 | $7.9M | $-33.9M | ||
| Q1 25 | $12.5M | $-63.2M | ||
| Q4 24 | $4.6M | $-58.4M | ||
| Q3 24 | $5.7M | $-28.2M | ||
| Q2 24 | $55.9M | $-42.9M | ||
| Q1 24 | $-26.3M | $-91.1M |
自由现金流率RAILZLAB
| Q4 25 | 7.0% | -21.0% | ||
| Q3 25 | 1.4% | -30.4% | ||
| Q2 25 | 6.7% | -31.1% | ||
| Q1 25 | 13.0% | -59.9% | ||
| Q4 24 | 3.3% | -53.8% | ||
| Q3 24 | 5.0% | -27.7% | ||
| Q2 24 | 38.3% | -42.9% | ||
| Q1 24 | -16.3% | -104.5% |
资本支出强度RAILZLAB
| Q4 25 | 1.0% | 0.5% | ||
| Q3 25 | 0.7% | 2.6% | ||
| Q2 25 | 0.5% | 2.6% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 0.9% | 2.4% | ||
| Q3 24 | 1.3% | 1.3% | ||
| Q2 24 | 0.9% | 0.7% | ||
| Q1 24 | 0.6% | 1.1% |
现金转化率RAILZLAB
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.73× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.99× | — | ||
| 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
RAIL
| Railcar Sales | $118.9M | 95% |
| Aftermarket Sales | $6.6M | 5% |
ZLAB
| Zejula | $56.0M | 44% |
| Other | $21.9M | 17% |
| Nuzyra | $16.0M | 13% |
| Optune | $11.9M | 9% |
| XACDURO | $10.7M | 8% |
| Qinlock | $9.7M | 8% |
| AUGTYRO | $836.0K | 1% |
