vs
Redwire Corp（RDW）与REPLIGEN CORP（RGEN）财务数据对比。点击上方公司名可切换其他公司
REPLIGEN CORP的季度营收约是Redwire Corp的1.8倍（$197.9M vs $108.8M），REPLIGEN CORP净利率更高（6.7% vs -78.6%，领先85.3%），Redwire Corp同比增速更快（56.4% vs 13.6%），REPLIGEN CORP自由现金流更多（$17.6M vs $-26.5M），过去两年REPLIGEN CORP的营收复合增速更高（14.4% vs 11.3%）
Redwire Corp是一家总部位于美国佛罗里达州杰克逊维尔的航空航天制造与空间基础设施技术企业，由私募股权公司AE Industrial Partners于2020年6月1日整合旗下投资组合企业Adcole Space与Deep Space Systems组建而成，2021年1月完成上市，专注于航天领域相关技术与产品的研发落地。
Repligen是一家全球生命科学企业，专注于创新生物工艺技术与系统的研发及商业化，助力提升生物药生产效率。公司1981年成立，总部位于美国马萨诸塞州沃尔瑟姆，于纳斯达克挂牌上市，股票代码RGEN，截至2025年全球员工超1900人，主要服务生物制药领域客户。
RDW vs RGEN — 直观对比
营收规模更大
RGEN
是对方的1.8倍
$108.8M
营收增速更快
RDW
高出42.8%
13.6%
净利率更高
RGEN
高出85.3%
-78.6%
自由现金流更多
RGEN
多$44.0M
$-26.5M
两年增速更快
RGEN
近两年复合增速
11.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $108.8M | $197.9M |
| 净利润 | $-85.5M | $13.3M |
| 毛利率 | 9.6% | 52.5% |
| 营业利润率 | -75.0% | 9.0% |
| 净利率 | -78.6% | 6.7% |
| 营收同比 | 56.4% | 13.6% |
| 净利润同比 | -27.3% | 143.9% |
| 每股收益（稀释后） | $-0.49 | $0.24 |
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RDWRGEN
| Q4 25 | $108.8M | $197.9M | ||
| Q3 25 | $103.4M | $188.8M | ||
| Q2 25 | $61.8M | $182.4M | ||
| Q1 25 | $61.4M | $169.2M | ||
| Q4 24 | $69.6M | $174.1M | ||
| Q3 24 | $68.6M | $154.9M | ||
| Q2 24 | $78.1M | $154.1M | ||
| Q1 24 | $87.8M | $151.3M |
净利润RDWRGEN
| Q4 25 | $-85.5M | $13.3M | ||
| Q3 25 | $-41.2M | $14.9M | ||
| Q2 25 | $-97.0M | $14.9M | ||
| Q1 25 | $-2.9M | $5.8M | ||
| Q4 24 | $-67.2M | $-30.3M | ||
| Q3 24 | $-21.0M | $-654.0K | ||
| Q2 24 | $-18.1M | $3.3M | ||
| Q1 24 | $-8.1M | $2.1M |
毛利率RDWRGEN
| Q4 25 | 9.6% | 52.5% | ||
| Q3 25 | 16.3% | 53.2% | ||
| Q2 25 | -30.9% | 50.0% | ||
| Q1 25 | 14.7% | 53.6% | ||
| Q4 24 | 6.6% | 26.1% | ||
| Q3 24 | 17.5% | 50.0% | ||
| Q2 24 | 16.6% | 49.8% | ||
| Q1 24 | 16.9% | 49.5% |
营业利润率RDWRGEN
| Q4 25 | -75.0% | 9.0% | ||
| Q3 25 | -40.5% | 8.9% | ||
| Q2 25 | -148.8% | 7.6% | ||
| Q1 25 | -23.3% | 3.9% | ||
| Q4 24 | -27.3% | -17.7% | ||
| Q3 24 | -18.2% | -5.1% | ||
| Q2 24 | -9.1% | 1.0% | ||
| Q1 24 | -4.1% | 1.3% |
净利率RDWRGEN
| Q4 25 | -78.6% | 6.7% | ||
| Q3 25 | -39.8% | 7.9% | ||
| Q2 25 | -157.0% | 8.2% | ||
| Q1 25 | -4.8% | 3.4% | ||
| Q4 24 | -96.6% | -17.4% | ||
| Q3 24 | -30.5% | -0.4% | ||
| Q2 24 | -23.2% | 2.2% | ||
| Q1 24 | -9.2% | 1.4% |
每股收益（稀释后）RDWRGEN
| Q4 25 | $-0.49 | $0.24 | ||
| Q3 25 | $-0.29 | $0.26 | ||
| Q2 25 | $-1.41 | $0.26 | ||
| Q1 25 | $-0.09 | $0.10 | ||
| Q4 24 | $-1.39 | $-0.55 | ||
| Q3 24 | $-0.37 | $-0.01 | ||
| Q2 24 | $-0.42 | $0.06 | ||
| Q1 24 | $-0.17 | $0.04 |
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 | $94.5M | $767.6M |
| 总债务越低越好 | $85.2M | $542.2M |
| 股东权益账面价值 | $1.1B | $2.1B |
| 总资产 | $1.4B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.08× | 0.26× |
8季度趋势，按日历期对齐
现金及短期投资RDWRGEN
| Q4 25 | $94.5M | $767.6M | ||
| Q3 25 | $52.3M | $748.7M | ||
| Q2 25 | $76.5M | $708.9M | ||
| Q1 25 | — | $697.2M | ||
| Q4 24 | $33.7M | $757.4M | ||
| Q3 24 | $27.8M | $784.0M | ||
| Q2 24 | $30.8M | $809.1M | ||
| Q1 24 | $32.6M | $780.6M |
总债务RDWRGEN
| Q4 25 | $85.2M | $542.2M | ||
| Q3 25 | $191.0M | $537.9M | ||
| Q2 25 | $190.7M | — | ||
| Q1 25 | $105.2M | — | ||
| Q4 24 | $125.7M | $525.6M | ||
| Q3 24 | $123.3M | — | ||
| Q2 24 | $95.4M | — | ||
| Q1 24 | $90.5M | — |
股东权益RDWRGEN
| Q4 25 | $1.1B | $2.1B | ||
| Q3 25 | $928.0M | $2.1B | ||
| Q2 25 | $907.6M | $2.1B | ||
| Q1 25 | $-68.1M | $2.0B | ||
| Q4 24 | $-188.7M | $2.0B | ||
| Q3 24 | $-96.4M | $2.0B | ||
| Q2 24 | $-78.3M | $2.0B | ||
| Q1 24 | $-49.8M | $2.0B |
总资产RDWRGEN
| Q4 25 | $1.4B | $2.9B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.5B | $2.9B | ||
| Q1 25 | $314.1M | $2.9B | ||
| Q4 24 | $292.6M | $2.8B | ||
| Q3 24 | $289.9M | $2.8B | ||
| Q2 24 | $260.3M | $2.9B | ||
| Q1 24 | $259.5M | $2.8B |
负债/权益比RDWRGEN
| Q4 25 | 0.08× | 0.26× | ||
| Q3 25 | 0.21× | 0.26× | ||
| Q2 25 | 0.21× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.27× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-24.3M | $25.7M |
| 自由现金流经营现金流 - 资本支出 | $-26.5M | $17.6M |
| 自由现金流率自由现金流/营收 | -24.3% | 8.9% |
| 资本支出强度资本支出/营收 | 2.0% | 4.1% |
| 现金转化率经营现金流/净利润 | — | 1.93× |
| 过去12个月自由现金流最近4个季度 | $-190.8M | $93.9M |
8季度趋势，按日历期对齐
经营现金流RDWRGEN
| Q4 25 | $-24.3M | $25.7M | ||
| Q3 25 | $-20.3M | $48.1M | ||
| Q2 25 | $-87.7M | $28.6M | ||
| Q1 25 | $-45.1M | $15.0M | ||
| Q4 24 | $7.1M | $39.2M | ||
| Q3 24 | $-17.7M | $49.3M | ||
| Q2 24 | $-9.5M | $42.2M | ||
| Q1 24 | $2.8M | $44.7M |
自由现金流RDWRGEN
| Q4 25 | $-26.5M | $17.6M | ||
| Q3 25 | $-26.9M | $43.4M | ||
| Q2 25 | $-90.6M | $21.5M | ||
| Q1 25 | $-46.9M | $11.4M | ||
| Q4 24 | $4.7M | $33.6M | ||
| Q3 24 | $-19.3M | $42.3M | ||
| Q2 24 | $-10.4M | $37.4M | ||
| Q1 24 | $1.2M | $36.4M |
自由现金流率RDWRGEN
| Q4 25 | -24.3% | 8.9% | ||
| Q3 25 | -26.0% | 23.0% | ||
| Q2 25 | -146.7% | 11.8% | ||
| Q1 25 | -76.3% | 6.8% | ||
| Q4 24 | 6.8% | 19.3% | ||
| Q3 24 | -28.1% | 27.3% | ||
| Q2 24 | -13.3% | 24.3% | ||
| Q1 24 | 1.4% | 24.0% |
资本支出强度RDWRGEN
| Q4 25 | 2.0% | 4.1% | ||
| Q3 25 | 6.3% | 2.5% | ||
| Q2 25 | 4.8% | 3.9% | ||
| Q1 25 | 2.9% | 2.1% | ||
| Q4 24 | 3.4% | 3.2% | ||
| Q3 24 | 2.3% | 4.5% | ||
| Q2 24 | 1.2% | 3.1% | ||
| Q1 24 | 1.8% | 5.5% |
现金转化率RDWRGEN
| Q4 25 | — | 1.93× | ||
| Q3 25 | — | 3.23× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | — | 2.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 12.70× | ||
| Q1 24 | — | 21.35× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
