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RICHARDSON ELECTRONICS, LTD.（RELL）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
RICHARDSON ELECTRONICS, LTD.的季度营收约是TELOS CORP的1.1倍（$52.3M vs $46.8M），RICHARDSON ELECTRONICS, LTD.净利率更高（-0.2% vs -34.9%，领先34.6%），TELOS CORP同比增速更快（77.4% vs 5.7%），TELOS CORP自由现金流更多（$8.0M vs $-1.7M），过去两年TELOS CORP的营收复合增速更高（25.7% vs -0.3%）
詹姆斯·理查森集团（又名JR集团）是澳大利亚私有综合企业，业务涵盖家具、酒店、房地产及零售领域，总部位于墨尔本阿伯茨福德区，全球雇员约2300人。该企业最为消费者熟知的是其分布在澳大拉西亚和中东地区机场、边境口岸的免税零售门店，在以色列是家喻户晓的企业。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
RELL vs TLS — 直观对比
营收规模更大
RELL
是对方的1.1倍
$46.8M
营收增速更快
TLS
高出71.7%
5.7%
净利率更高
RELL
高出34.6%
-34.9%
自由现金流更多
TLS
多$9.7M
$-1.7M
两年增速更快
TLS
近两年复合增速
-0.3%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $52.3M | $46.8M |
| 净利润 | $-121.0K | $-16.3M |
| 毛利率 | 30.7% | 35.0% |
| 营业利润率 | 0.3% | -39.6% |
| 净利率 | -0.2% | -34.9% |
| 营收同比 | 5.7% | 77.4% |
| 净利润同比 | 83.9% | -74.8% |
| 每股收益（稀释后） | — | $-0.22 |
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RELLTLS
| Q4 25 | $52.3M | $46.8M | ||
| Q3 25 | $54.6M | $51.4M | ||
| Q2 25 | — | $36.0M | ||
| Q1 25 | $53.8M | $30.6M | ||
| Q4 24 | $49.5M | $26.4M | ||
| Q3 24 | $53.7M | $23.8M | ||
| Q2 24 | — | $28.5M | ||
| Q1 24 | $52.4M | $29.6M |
净利润RELLTLS
| Q4 25 | $-121.0K | $-16.3M | ||
| Q3 25 | $1.9M | $-2.1M | ||
| Q2 25 | — | $-9.5M | ||
| Q1 25 | $-2.1M | $-8.6M | ||
| Q4 24 | $-751.0K | $-9.3M | ||
| Q3 24 | $590.0K | $-28.1M | ||
| Q2 24 | — | $-7.8M | ||
| Q1 24 | $750.0K | $-7.4M |
毛利率RELLTLS
| Q4 25 | 30.7% | 35.0% | ||
| Q3 25 | 31.0% | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | 31.0% | 39.8% | ||
| Q4 24 | 31.0% | 40.3% | ||
| Q3 24 | 30.6% | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | 29.5% | 37.0% |
营业利润率RELLTLS
| Q4 25 | 0.3% | -39.6% | ||
| Q3 25 | 1.8% | -4.8% | ||
| Q2 25 | — | -27.5% | ||
| Q1 25 | -5.1% | -29.5% | ||
| Q4 24 | -1.3% | -37.6% | ||
| Q3 24 | 0.6% | -121.4% | ||
| Q2 24 | — | -30.3% | ||
| Q1 24 | 1.9% | -28.5% |
净利率RELLTLS
| Q4 25 | -0.2% | -34.9% | ||
| Q3 25 | 3.5% | -4.1% | ||
| Q2 25 | — | -26.5% | ||
| Q1 25 | -3.8% | -28.1% | ||
| Q4 24 | -1.5% | -35.4% | ||
| Q3 24 | 1.1% | -118.0% | ||
| Q2 24 | — | -27.2% | ||
| Q1 24 | 1.4% | -24.9% |
每股收益（稀释后）RELLTLS
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | — | $-0.12 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | — | $-0.39 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.10 |
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 | $33.1M | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $158.5M | $96.0M |
| 总资产 | $201.8M | $139.9M |
| 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RELLTLS
| Q4 25 | $33.1M | $53.2M | ||
| Q3 25 | $35.7M | $59.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | $36.7M | $57.8M | ||
| Q4 24 | $26.6M | $54.6M | ||
| Q3 24 | $23.0M | $69.8M | ||
| Q2 24 | — | $80.1M | ||
| Q1 24 | $18.9M | $93.9M |
股东权益RELLTLS
| Q4 25 | $158.5M | $96.0M | ||
| Q3 25 | $159.4M | $119.7M | ||
| Q2 25 | — | $118.4M | ||
| Q1 25 | $152.9M | $126.1M | ||
| Q4 24 | $156.2M | $127.1M | ||
| Q3 24 | $159.1M | $129.5M | ||
| Q2 24 | — | $149.1M | ||
| Q1 24 | $158.6M | $154.4M |
总资产RELLTLS
| Q4 25 | $201.8M | $139.9M | ||
| Q3 25 | $200.1M | $164.3M | ||
| Q2 25 | — | $165.0M | ||
| Q1 25 | $189.8M | $158.1M | ||
| Q4 24 | $195.2M | $158.2M | ||
| Q3 24 | $197.9M | $166.3M | ||
| Q2 24 | — | $182.4M | ||
| Q1 24 | $193.6M | $195.4M |
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 | $-99.0K | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $-1.7M | $8.0M |
| 自由现金流率自由现金流/营收 | -3.3% | 17.0% |
| 资本支出强度资本支出/营收 | 3.1% | 0.1% |
| 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 | $7.6M | $29.4M |
8季度趋势，按日历期对齐
经营现金流RELLTLS
| Q4 25 | $-99.0K | $8.0M | ||
| Q3 25 | $1.4M | $9.1M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | $4.6M | $6.1M | ||
| Q4 24 | $5.5M | $-10.5M | ||
| Q3 24 | $412.0K | $-7.1M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | $-2.5M | $-350.0K |
自由现金流RELLTLS
| Q4 25 | $-1.7M | $8.0M | ||
| Q3 25 | $342.0K | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | $4.1M | $6.0M | ||
| Q4 24 | $4.9M | $-12.4M | ||
| Q3 24 | $-514.0K | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | $-2.9M | $-447.0K |
自由现金流率RELLTLS
| Q4 25 | -3.3% | 17.0% | ||
| Q3 25 | 0.6% | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | 7.5% | 19.5% | ||
| Q4 24 | 10.0% | -47.0% | ||
| Q3 24 | -1.0% | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | -5.6% | -1.5% |
资本支出强度RELLTLS
| Q4 25 | 3.1% | 0.1% | ||
| Q3 25 | 1.9% | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | 1.0% | 0.4% | ||
| Q4 24 | 1.0% | 7.1% | ||
| Q3 24 | 1.7% | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | 0.8% | 0.3% |
现金转化率RELLTLS
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -3.37× | — |
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
RELL
| Power And Microwave Technologies Group | $35.2M | 67% |
| Canvys | $8.8M | 17% |
| Global Energy Solutions | $8.3M | 16% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
