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埃森哲（ACN）与斑马技术（ZBRA）财务数据对比。点击上方公司名可切换其他公司
埃森哲的季度营收约是斑马技术的12.2倍（$18.0B vs $1.5B）。埃森哲净利率更高（10.1% vs 4.7%，领先5.4%）。斑马技术同比增速更快（10.6% vs 8.3%）。埃森哲自由现金流更多（$3.7B vs $327.0M）。过去两年斑马技术的营收复合增速更高（12.0% vs 4.7%）
埃森哲是总部位于爱尔兰都柏林的科技咨询企业，成立于1989年，业务覆盖全球120个国家和地区，面向各行业客户提供信息技术、管理咨询等专业服务，助力企业优化运营效率、实现数字化升级。
斑马技术（Zebra Technologies）是源自美国的跨国科技企业，专注于智能数据采集系统领域的研发与落地。公司总部位于芝加哥郊外的伊利诺伊州林肯郡，目前在全球57个国家和地区开展业务，雇员总数达10700名。
ACN vs ZBRA — 直观对比
营收规模更大
ACN
是对方的12.2倍
$1.5B
营收增速更快
ZBRA
高出2.3%
8.3%
净利率更高
ACN
高出5.4%
4.7%
自由现金流更多
ACN
多$3.3B
$327.0M
两年增速更快
ZBRA
近两年复合增速
4.7%
损益表 — Q2 2026 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $18.0B | $1.5B |
| 净利润 | $1.8B | $70.0M |
| 毛利率 | 30.3% | 47.3% |
| 营业利润率 | 13.8% | 9.4% |
| 净利率 | 10.1% | 4.7% |
| 营收同比 | 8.3% | 10.6% |
| 净利润同比 | 2.1% | -57.1% |
| 每股收益（稀释后） | $2.93 | $1.40 |
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ACNZBRA
| Q1 26 | $18.0B | — | ||
| Q4 25 | $18.7B | $1.5B | ||
| Q3 25 | $17.6B | $1.3B | ||
| Q2 25 | $17.7B | $1.3B | ||
| Q1 25 | $16.7B | $1.3B | ||
| Q4 24 | $17.7B | $1.3B | ||
| Q3 24 | $16.4B | $1.3B | ||
| Q2 24 | $16.5B | $1.2B |
净利润ACNZBRA
| Q1 26 | $1.8B | — | ||
| Q4 25 | $2.2B | $70.0M | ||
| Q3 25 | $1.4B | $101.0M | ||
| Q2 25 | $2.2B | $112.0M | ||
| Q1 25 | $1.8B | $136.0M | ||
| Q4 24 | $2.3B | $163.0M | ||
| Q3 24 | $1.7B | $137.0M | ||
| Q2 24 | $1.9B | $113.0M |
毛利率ACNZBRA
| Q1 26 | 30.3% | — | ||
| Q4 25 | 33.1% | 47.3% | ||
| Q3 25 | 31.9% | 48.0% | ||
| Q2 25 | 32.9% | 47.6% | ||
| Q1 25 | 29.9% | 49.3% | ||
| Q4 24 | 32.9% | 48.6% | ||
| Q3 24 | 32.5% | 48.8% | ||
| Q2 24 | 33.4% | 48.4% |
营业利润率ACNZBRA
| Q1 26 | 13.8% | — | ||
| Q4 25 | 15.3% | 9.4% | ||
| Q3 25 | 11.6% | 13.9% | ||
| Q2 25 | 16.8% | 14.2% | ||
| Q1 25 | 13.5% | 14.9% | ||
| Q4 24 | 16.7% | 16.9% | ||
| Q3 24 | 14.3% | 15.2% | ||
| Q2 24 | 16.0% | 13.7% |
净利率ACNZBRA
| Q1 26 | 10.1% | — | ||
| Q4 25 | 11.8% | 4.7% | ||
| Q3 25 | 8.0% | 7.7% | ||
| Q2 25 | 12.4% | 8.7% | ||
| Q1 25 | 10.7% | 10.4% | ||
| Q4 24 | 12.9% | 12.2% | ||
| Q3 24 | 10.3% | 10.9% | ||
| Q2 24 | 11.7% | 9.3% |
每股收益（稀释后）ACNZBRA
| Q1 26 | $2.93 | — | ||
| Q4 25 | $3.54 | $1.40 | ||
| Q3 25 | $2.25 | $1.97 | ||
| Q2 25 | $3.49 | $2.19 | ||
| Q1 25 | $2.82 | $2.62 | ||
| Q4 24 | $3.59 | $3.14 | ||
| Q3 24 | $2.67 | $2.64 | ||
| Q2 24 | $3.04 | $2.17 |
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 | $9.4B | $125.0M |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $31.2B | $3.6B |
| 总资产 | $67.1B | $8.5B |
| 负债/权益比越低杠杆越低 | 0.16× | — |
8季度趋势，按日历期对齐
现金及短期投资ACNZBRA
| Q1 26 | $9.4B | — | ||
| Q4 25 | $9.7B | $125.0M | ||
| Q3 25 | $11.5B | $1.1B | ||
| Q2 25 | $9.6B | $872.0M | ||
| Q1 25 | $8.5B | $879.0M | ||
| Q4 24 | $8.3B | $901.0M | ||
| Q3 24 | $5.0B | $676.0M | ||
| Q2 24 | $5.5B | $411.0M |
总债务ACNZBRA
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | $5.0B | $2.2B | ||
| Q2 25 | $5.0B | $2.2B | ||
| Q1 25 | $5.0B | $2.2B | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $78.6M | $2.2B | ||
| Q2 24 | $68.9M | $2.2B |
股东权益ACNZBRA
| Q1 26 | $31.2B | — | ||
| Q4 25 | $30.9B | $3.6B | ||
| Q3 25 | $31.2B | $3.7B | ||
| Q2 25 | $30.6B | $3.6B | ||
| Q1 25 | $29.2B | $3.6B | ||
| Q4 24 | $29.2B | $3.6B | ||
| Q3 24 | $28.3B | $3.4B | ||
| Q2 24 | $27.7B | $3.3B |
总资产ACNZBRA
| Q1 26 | $67.1B | — | ||
| Q4 25 | $64.7B | $8.5B | ||
| Q3 25 | $65.4B | $8.1B | ||
| Q2 25 | $63.4B | $7.9B | ||
| Q1 25 | $59.9B | $7.9B | ||
| Q4 24 | $59.9B | $8.0B | ||
| Q3 24 | $55.9B | $7.7B | ||
| Q2 24 | $54.1B | $7.5B |
负债/权益比ACNZBRA
| Q1 26 | 0.16× | — | ||
| Q4 25 | 0.16× | — | ||
| Q3 25 | 0.16× | 0.58× | ||
| Q2 25 | 0.16× | 0.60× | ||
| Q1 25 | 0.17× | 0.60× | ||
| Q4 24 | 0.17× | — | ||
| Q3 24 | 0.00× | 0.64× | ||
| Q2 24 | 0.00× | 0.66× |
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 | $3.8B | $357.0M |
| 自由现金流经营现金流 - 资本支出 | $3.7B | $327.0M |
| 自由现金流率自由现金流/营收 | 20.3% | 22.2% |
| 资本支出强度资本支出/营收 | 0.8% | 2.0% |
| 现金转化率经营现金流/净利润 | 2.09× | 5.10× |
| 过去12个月自由现金流最近4个季度 | $12.5B | $831.0M |
8季度趋势，按日历期对齐
经营现金流ACNZBRA
| Q1 26 | $3.8B | — | ||
| Q4 25 | $1.7B | $357.0M | ||
| Q3 25 | $3.9B | $235.0M | ||
| Q2 25 | $3.7B | $147.0M | ||
| Q1 25 | $2.9B | $178.0M | ||
| Q4 24 | $1.0B | $306.0M | ||
| Q3 24 | $3.4B | $294.0M | ||
| Q2 24 | $3.1B | $288.0M |
自由现金流ACNZBRA
| Q1 26 | $3.7B | — | ||
| Q4 25 | $1.5B | $327.0M | ||
| Q3 25 | $3.8B | $216.0M | ||
| Q2 25 | $3.5B | $130.0M | ||
| Q1 25 | $2.7B | $158.0M | ||
| Q4 24 | $870.3M | $288.0M | ||
| Q3 24 | $3.2B | $277.0M | ||
| Q2 24 | $3.0B | $278.0M |
自由现金流率ACNZBRA
| Q1 26 | 20.3% | — | ||
| Q4 25 | 8.0% | 22.2% | ||
| Q3 25 | 21.6% | 16.4% | ||
| Q2 25 | 19.8% | 10.1% | ||
| Q1 25 | 16.1% | 12.1% | ||
| Q4 24 | 4.9% | 21.6% | ||
| Q3 24 | 19.4% | 22.1% | ||
| Q2 24 | 18.3% | 22.8% |
资本支出强度ACNZBRA
| Q1 26 | 0.8% | — | ||
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 0.6% | 1.4% | ||
| Q2 25 | 1.0% | 1.3% | ||
| Q1 25 | 1.0% | 1.5% | ||
| Q4 24 | 0.9% | 1.3% | ||
| Q3 24 | 1.3% | 1.4% | ||
| Q2 24 | 0.8% | 0.8% |
现金转化率ACNZBRA
| Q1 26 | 2.09× | — | ||
| Q4 25 | 0.75× | 5.10× | ||
| Q3 25 | 2.77× | 2.33× | ||
| Q2 25 | 1.68× | 1.31× | ||
| Q1 25 | 1.60× | 1.31× | ||
| Q4 24 | 0.45× | 1.88× | ||
| Q3 24 | 2.01× | 2.15× | ||
| Q2 24 | 1.63× | 2.55× |
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
ACN
| Products | $5.5B | 30% |
| Health And Public Service | $3.7B | 20% |
| Financial Services Sector | $3.4B | 19% |
| Communications Media And Technology | $3.1B | 17% |
| Resources | $2.4B | 13% |
ZBRA
| Tangible Products | $1.2B | 83% |
| Service And Software | $255.0M | 17% |
