vs
艾奕康（ACM）与惠而浦（WHR）财务数据对比。点击上方公司名可切换其他公司
惠而浦的季度营收约是艾奕康的1.1倍（$4.1B vs $3.8B），惠而浦净利率更高（2.7% vs 1.9%，领先0.7%），艾奕康同比增速更快（1.6% vs -0.9%），惠而浦自由现金流更多（$989.0M vs $41.9M），过去两年艾奕康的营收复合增速更高（-1.4% vs -4.5%）
AECOM是一家总部位于美国得克萨斯州达拉斯的跨国基础设施咨询企业，业务覆盖全球多地区，为交通、建筑、水务、能源等多个领域的工程项目提供专业规划、设计、项目管理等一体化咨询解决方案，在全球基建咨询行业拥有领先的市场地位。
惠而浦是总部位于美国密歇根州本顿特许镇的跨国家电研发、生产及销售企业，位列《财富》世界500强。2023年集团年销售额约190亿美元，全球员工规模近5.9万人，在世界各地布局超55座生产及技术研发中心。
ACM vs WHR — 直观对比
营收规模更大
WHR
是对方的1.1倍
$3.8B
营收增速更快
ACM
高出2.5%
-0.9%
净利率更高
WHR
高出0.7%
1.9%
自由现金流更多
WHR
多$947.1M
$41.9M
两年增速更快
ACM
近两年复合增速
-4.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.8B | $4.1B |
| 净利润 | $74.5M | $109.0M |
| 毛利率 | 7.3% | 14.0% |
| 营业利润率 | 5.8% | 6.0% |
| 净利率 | 1.9% | 2.7% |
| 营收同比 | 1.6% | -0.9% |
| 净利润同比 | -48.0% | 127.8% |
| 每股收益（稀释后） | $0.56 | $1.92 |
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ACMWHR
| Q1 26 | $3.8B | — | ||
| Q4 25 | — | $4.1B | ||
| Q3 25 | $4.2B | $4.0B | ||
| Q2 25 | $4.2B | $3.8B | ||
| Q1 25 | $3.8B | $3.6B | ||
| Q4 24 | $4.0B | $4.1B | ||
| Q3 24 | $4.1B | $4.0B | ||
| Q2 24 | $4.2B | $4.0B |
净利润ACMWHR
| Q1 26 | $74.5M | — | ||
| Q4 25 | — | $109.0M | ||
| Q3 25 | $120.4M | $73.0M | ||
| Q2 25 | $131.0M | $65.0M | ||
| Q1 25 | $143.4M | $71.0M | ||
| Q4 24 | $167.0M | $-392.0M | ||
| Q3 24 | $172.5M | $109.0M | ||
| Q2 24 | $134.3M | $219.0M |
毛利率ACMWHR
| Q1 26 | 7.3% | — | ||
| Q4 25 | — | 14.0% | ||
| Q3 25 | 7.9% | 14.7% | ||
| Q2 25 | 7.8% | 16.2% | ||
| Q1 25 | 7.7% | 16.8% | ||
| Q4 24 | 6.7% | 16.2% | ||
| Q3 24 | 7.2% | 16.1% | ||
| Q2 24 | 6.9% | 15.7% |
营业利润率ACMWHR
| Q1 26 | 5.8% | — | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | 5.7% | 5.1% | ||
| Q2 25 | 7.0% | 5.4% | ||
| Q1 25 | 6.8% | 5.1% | ||
| Q4 24 | 5.9% | -3.3% | ||
| Q3 24 | 5.8% | 6.6% | ||
| Q2 24 | 5.5% | 3.3% |
净利率ACMWHR
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | 2.9% | 1.8% | ||
| Q2 25 | 3.1% | 1.7% | ||
| Q1 25 | 3.8% | 2.0% | ||
| Q4 24 | 4.2% | -9.5% | ||
| Q3 24 | 4.2% | 2.7% | ||
| Q2 24 | 3.2% | 5.5% |
每股收益（稀释后）ACMWHR
| Q1 26 | $0.56 | — | ||
| Q4 25 | — | $1.92 | ||
| Q3 25 | $0.90 | $1.29 | ||
| Q2 25 | $0.98 | $1.17 | ||
| Q1 25 | $1.08 | $1.28 | ||
| Q4 24 | $1.25 | $-7.11 | ||
| Q3 24 | $1.27 | $2.00 | ||
| Q2 24 | $0.98 | $3.96 |
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 | $1.2B | $669.0M |
| 总债务越低越好 | $2.6B | $6.2B |
| 股东权益账面价值 | $2.2B | $2.7B |
| 总资产 | $11.9B | $16.0B |
| 负债/权益比越低杠杆越低 | 1.18× | 2.26× |
8季度趋势，按日历期对齐
现金及短期投资ACMWHR
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $669.0M | ||
| Q3 25 | $1.6B | $934.0M | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.6B | $1.0B | ||
| Q4 24 | $1.6B | $1.3B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $1.2B |
总债务ACMWHR
| Q1 26 | $2.6B | — | ||
| Q4 25 | — | $6.2B | ||
| Q3 25 | $2.6B | — | ||
| Q2 25 | $2.5B | — | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | $6.6B | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — |
股东权益ACMWHR
| Q1 26 | $2.2B | — | ||
| Q4 25 | — | $2.7B | ||
| Q3 25 | $2.5B | $2.6B | ||
| Q2 25 | $2.5B | $2.6B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.2B | $2.7B | ||
| Q3 24 | $2.2B | $3.0B | ||
| Q2 24 | $2.3B | $3.1B |
总资产ACMWHR
| Q1 26 | $11.9B | — | ||
| Q4 25 | — | $16.0B | ||
| Q3 25 | $12.2B | $16.9B | ||
| Q2 25 | $12.3B | $16.8B | ||
| Q1 25 | $11.8B | $16.5B | ||
| Q4 24 | $11.8B | $16.3B | ||
| Q3 24 | $12.1B | $17.2B | ||
| Q2 24 | $12.0B | $17.3B |
负债/权益比ACMWHR
| Q1 26 | 1.18× | — | ||
| Q4 25 | — | 2.26× | ||
| Q3 25 | 1.06× | — | ||
| Q2 25 | 0.99× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.11× | 2.46× | ||
| Q3 24 | 1.12× | — | ||
| Q2 24 | 1.07× | — |
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 | $70.2M | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $41.9M | $989.0M |
| 自由现金流率自由现金流/营收 | 1.1% | 24.1% |
| 资本支出强度资本支出/营收 | 0.7% | 3.7% |
| 现金转化率经营现金流/净利润 | 0.94× | 10.45× |
| 过去12个月自由现金流最近4个季度 | $616.0M | $81.0M |
8季度趋势，按日历期对齐
经营现金流ACMWHR
| Q1 26 | $70.2M | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | $196.1M | $33.0M | ||
| Q2 25 | $283.7M | $19.0M | ||
| Q1 25 | $190.7M | $-721.0M | ||
| Q4 24 | $151.1M | $1.1B | ||
| Q3 24 | $298.8M | $214.0M | ||
| Q2 24 | $291.3M | $388.0M |
自由现金流ACMWHR
| Q1 26 | $41.9M | — | ||
| Q4 25 | — | $989.0M | ||
| Q3 25 | $134.1M | $-52.0M | ||
| Q2 25 | $261.7M | $-63.0M | ||
| Q1 25 | $178.3M | $-793.0M | ||
| Q4 24 | $110.9M | $970.0M | ||
| Q3 24 | $274.5M | $127.0M | ||
| Q2 24 | $272.8M | $275.0M |
自由现金流率ACMWHR
| Q1 26 | 1.1% | — | ||
| Q4 25 | — | 24.1% | ||
| Q3 25 | 3.2% | -1.3% | ||
| Q2 25 | 6.3% | -1.7% | ||
| Q1 25 | 4.7% | -21.9% | ||
| Q4 24 | 2.8% | 23.5% | ||
| Q3 24 | 6.7% | 3.2% | ||
| Q2 24 | 6.6% | 6.9% |
资本支出强度ACMWHR
| Q1 26 | 0.7% | — | ||
| Q4 25 | — | 3.7% | ||
| Q3 25 | 1.5% | 2.1% | ||
| Q2 25 | 0.5% | 2.2% | ||
| Q1 25 | 0.3% | 2.0% | ||
| Q4 24 | 1.0% | 3.3% | ||
| Q3 24 | 0.6% | 2.2% | ||
| Q2 24 | 0.4% | 2.8% |
现金转化率ACMWHR
| Q1 26 | 0.94× | — | ||
| Q4 25 | — | 10.45× | ||
| Q3 25 | 1.63× | 0.45× | ||
| Q2 25 | 2.17× | 0.29× | ||
| Q1 25 | 1.33× | -10.15× | ||
| Q4 24 | 0.90× | — | ||
| Q3 24 | 1.73× | 1.96× | ||
| Q2 24 | 2.17× | 1.77× |
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
ACM
暂无分部数据
WHR
| Refrigeration | $1.2B | 30% |
| Laundry | $1.1B | 27% |
| Cooking | $1.1B | 26% |
| Dishwashing | $299.0M | 7% |
| Other | $266.0M | 6% |
| Spare Parts And Warranties | $139.0M | 3% |
