vs
ROGERS CORP（ROG）与盛思阳（TSE）财务数据对比。点击上方公司名可切换其他公司
盛思阳的季度营收约是ROGERS CORP的3.3倍（$662.6M vs $201.5M）。ROGERS CORP净利率更高（2.3% vs -37.9%，领先40.2%）。ROGERS CORP同比增速更快（4.8% vs -19.3%）。ROGERS CORP自由现金流更多（$42.2M vs $6.6M）。过去两年ROGERS CORP的营收复合增速更高（-2.8% vs -14.4%）
罗杰斯公司是一家专注于特种工程材料研发生产的企业，总部位于美国亚利桑那州钱德勒市，其产品广泛应用于先进电子、移动通信、清洁能源、航空航天等多个高科技领域，为全球客户提供高性能材料解决方案。
盛思阳（Trinseo）是一家专注于塑料与乳胶粘合剂生产的材料企业。该公司原隶属于陶氏化学公司，2009年陶氏将其分拆待售，2010年相关资产以斯泰隆（Styron）之名作价16.3亿美元出售给贝恩资本。2016年贝恩清仓全部持股， Trinseo自此成为完全独立的公众上市公司。
ROG vs TSE — 直观对比
营收规模更大
TSE
是对方的3.3倍
$201.5M
营收增速更快
ROG
高出24.2%
-19.3%
净利率更高
ROG
高出40.2%
-37.9%
自由现金流更多
ROG
多$35.6M
$6.6M
两年增速更快
ROG
近两年复合增速
-14.4%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $201.5M | $662.6M |
| 净利润 | $4.6M | $-251.4M |
| 毛利率 | 31.5% | 4.2% |
| 营业利润率 | 3.5% | -24.7% |
| 净利率 | 2.3% | -37.9% |
| 营收同比 | 4.8% | -19.3% |
| 净利润同比 | 1020.0% | -113.2% |
| 每股收益（稀释后） | $0.20 | $-7.02 |
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ROGTSE
| Q4 25 | $201.5M | $662.6M | ||
| Q3 25 | $216.0M | $743.2M | ||
| Q2 25 | $202.8M | $784.3M | ||
| Q1 25 | $190.5M | $784.8M | ||
| Q4 24 | $192.2M | $821.5M | ||
| Q3 24 | $210.3M | $867.7M | ||
| Q2 24 | $214.2M | $920.0M | ||
| Q1 24 | $213.4M | $904.0M |
净利润ROGTSE
| Q4 25 | $4.6M | $-251.4M | ||
| Q3 25 | $8.6M | $-109.7M | ||
| Q2 25 | $-73.6M | $-105.5M | ||
| Q1 25 | $-1.4M | $-79.0M | ||
| Q4 24 | $-500.0K | $-117.9M | ||
| Q3 24 | $10.7M | $-87.3M | ||
| Q2 24 | $8.1M | $-67.8M | ||
| Q1 24 | $7.8M | $-75.5M |
毛利率ROGTSE
| Q4 25 | 31.5% | 4.2% | ||
| Q3 25 | 33.5% | 5.0% | ||
| Q2 25 | 31.6% | 4.7% | ||
| Q1 25 | 29.9% | 8.1% | ||
| Q4 24 | 32.1% | 6.8% | ||
| Q3 24 | 35.2% | 9.3% | ||
| Q2 24 | 34.1% | 7.4% | ||
| Q1 24 | 32.0% | 6.7% |
营业利润率ROGTSE
| Q4 25 | 3.5% | -24.7% | ||
| Q3 25 | 7.3% | -3.8% | ||
| Q2 25 | -33.3% | -4.2% | ||
| Q1 25 | -0.2% | -3.7% | ||
| Q4 24 | -6.6% | -5.4% | ||
| Q3 24 | 6.9% | -1.4% | ||
| Q2 24 | 5.3% | 1.5% | ||
| Q1 24 | 5.5% | -0.4% |
净利率ROGTSE
| Q4 25 | 2.3% | -37.9% | ||
| Q3 25 | 4.0% | -14.8% | ||
| Q2 25 | -36.3% | -13.5% | ||
| Q1 25 | -0.7% | -10.1% | ||
| Q4 24 | -0.3% | -14.4% | ||
| Q3 24 | 5.1% | -10.1% | ||
| Q2 24 | 3.8% | -7.4% | ||
| Q1 24 | 3.7% | -8.4% |
每股收益（稀释后）ROGTSE
| Q4 25 | $0.20 | $-7.02 | ||
| Q3 25 | $0.48 | $-3.05 | ||
| Q2 25 | $-4.00 | $-2.95 | ||
| Q1 25 | $-0.08 | $-2.22 | ||
| Q4 24 | $-0.04 | $-3.33 | ||
| Q3 24 | $0.58 | $-2.47 | ||
| Q2 24 | $0.44 | $-1.92 | ||
| Q1 24 | $0.42 | $-2.14 |
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 | $197.0M | $146.7M |
| 总债务越低越好 | — | $2.5B |
| 股东权益账面价值 | $1.2B | $-1.1B |
| 总资产 | $1.4B | $2.3B |
| 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ROGTSE
| Q4 25 | $197.0M | $146.7M | ||
| Q3 25 | $167.8M | $112.1M | ||
| Q2 25 | $157.2M | $137.0M | ||
| Q1 25 | $175.6M | $126.1M | ||
| Q4 24 | $159.8M | $209.8M | ||
| Q3 24 | $146.4M | $165.3M | ||
| Q2 24 | $119.9M | $105.6M | ||
| Q1 24 | $116.9M | $166.4M |
总债务ROGTSE
| Q4 25 | — | $2.5B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.3B |
股东权益ROGTSE
| Q4 25 | $1.2B | $-1.1B | ||
| Q3 25 | $1.2B | $-861.6M | ||
| Q2 25 | $1.2B | $-750.3M | ||
| Q1 25 | $1.3B | $-679.2M | ||
| Q4 24 | $1.3B | $-619.9M | ||
| Q3 24 | $1.3B | $-480.0M | ||
| Q2 24 | $1.3B | $-413.8M | ||
| Q1 24 | $1.3B | $-348.0M |
总资产ROGTSE
| Q4 25 | $1.4B | $2.3B | ||
| Q3 25 | $1.4B | $2.5B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | $2.7B | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.5B | $2.9B | ||
| Q2 24 | $1.5B | $2.8B | ||
| Q1 24 | $1.5B | $3.0B |
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 | $46.9M | $22.6M |
| 自由现金流经营现金流 - 资本支出 | $42.2M | $6.6M |
| 自由现金流率自由现金流/营收 | 20.9% | 1.0% |
| 资本支出强度资本支出/营收 | 2.3% | 2.4% |
| 现金转化率经营现金流/净利润 | 10.20× | — |
| 过去12个月自由现金流最近4个季度 | $71.1M | $-153.4M |
8季度趋势，按日历期对齐
经营现金流ROGTSE
| Q4 25 | $46.9M | $22.6M | ||
| Q3 25 | $28.9M | $-21.6M | ||
| Q2 25 | $13.7M | $6.8M | ||
| Q1 25 | $11.7M | $-110.2M | ||
| Q4 24 | $33.7M | $85.1M | ||
| Q3 24 | $42.4M | $8.8M | ||
| Q2 24 | $22.9M | $-41.9M | ||
| Q1 24 | $28.1M | $-66.2M |
自由现金流ROGTSE
| Q4 25 | $42.2M | $6.6M | ||
| Q3 25 | $21.2M | $-38.1M | ||
| Q2 25 | $5.6M | $-3.0M | ||
| Q1 25 | $2.1M | $-118.9M | ||
| Q4 24 | $18.3M | $63.9M | ||
| Q3 24 | $25.2M | $-3.4M | ||
| Q2 24 | $8.8M | $-56.1M | ||
| Q1 24 | $18.7M | $-81.9M |
自由现金流率ROGTSE
| Q4 25 | 20.9% | 1.0% | ||
| Q3 25 | 9.8% | -5.1% | ||
| Q2 25 | 2.8% | -0.4% | ||
| Q1 25 | 1.1% | -15.2% | ||
| Q4 24 | 9.5% | 7.8% | ||
| Q3 24 | 12.0% | -0.4% | ||
| Q2 24 | 4.1% | -6.1% | ||
| Q1 24 | 8.8% | -9.1% |
资本支出强度ROGTSE
| Q4 25 | 2.3% | 2.4% | ||
| Q3 25 | 3.6% | 2.2% | ||
| Q2 25 | 4.0% | 1.2% | ||
| Q1 25 | 5.0% | 1.1% | ||
| Q4 24 | 8.0% | 2.6% | ||
| Q3 24 | 8.2% | 1.4% | ||
| Q2 24 | 6.6% | 1.5% | ||
| Q1 24 | 4.4% | 1.7% |
现金转化率ROGTSE
| Q4 25 | 10.20× | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.96× | — | ||
| Q2 24 | 2.83× | — | ||
| Q1 24 | 3.60× | — |
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
ROG
| Elastomeric Material Solutions | $80.5M | 40% |
| Transferred At Point In Time | $69.7M | 35% |
| Transferred Over Time | $47.6M | 24% |
TSE
| Other | $325.2M | 49% |
| Asia Pacific | $142.2M | 21% |
| Engineered Materials | $105.0M | 16% |
| Latex | $59.9M | 9% |
| Polymer Solutions | $30.3M | 5% |
