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西联汇款（AFG）与Delek US Holdings, Inc.（DK）财务数据对比。点击上方公司名可切换其他公司
Delek US Holdings, Inc.的季度营收约是西联汇款的1.2倍（$2.4B vs $2.1B），西联汇款净利率更高（14.5% vs 3.2%，领先11.3%），Delek US Holdings, Inc.同比增速更快（2.3% vs -4.0%），过去两年西联汇款的营收复合增速更高（4.0% vs -11.9%）
西联汇款是总部位于美国科罗拉多州丹佛市的跨国金融服务企业，为全球个人及商业客户提供跨境汇款、支付等多元金融解决方案，在全球绝大多数国家和地区拥有覆盖广泛的服务网络。
Delek US Holdings, Inc.成立于2001年，总部位于美国田纳西州布伦特伍德，是一家深耕炼油、物流及生物燃料领域的能源企业，业务覆盖能源产业链上下游相关环节，为市场提供稳定的能源相关产品与配套服务。
AFG vs DK — 直观对比
营收规模更大
DK
是对方的1.2倍
$2.1B
营收增速更快
DK
高出6.3%
-4.0%
净利率更高
AFG
高出11.3%
3.2%
两年增速更快
AFG
近两年复合增速
-11.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.4B |
| 净利润 | $299.0M | $78.3M |
| 毛利率 | — | 9.3% |
| 营业利润率 | 18.4% | 6.8% |
| 净利率 | 14.5% | 3.2% |
| 营收同比 | -4.0% | 2.3% |
| 净利润同比 | 17.3% | 118.9% |
| 每股收益（稀释后） | $3.59 | $1.23 |
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AFGDK
| Q4 25 | $2.1B | $2.4B | ||
| Q3 25 | $2.3B | $2.9B | ||
| Q2 25 | $1.9B | $2.8B | ||
| Q1 25 | $1.9B | $2.6B | ||
| Q4 24 | $2.1B | $2.4B | ||
| Q3 24 | $2.4B | $3.0B | ||
| Q2 24 | $1.9B | $3.3B | ||
| Q1 24 | $1.9B | $3.1B |
净利润AFGDK
| Q4 25 | $299.0M | $78.3M | ||
| Q3 25 | $215.0M | $178.0M | ||
| Q2 25 | $174.0M | $-106.4M | ||
| Q1 25 | $154.0M | $-172.7M | ||
| Q4 24 | $255.0M | $-413.8M | ||
| Q3 24 | $181.0M | $-76.8M | ||
| Q2 24 | $209.0M | $-37.2M | ||
| Q1 24 | $242.0M | $-32.6M |
毛利率AFGDK
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 13.8% | ||
| Q2 25 | — | 1.9% | ||
| Q1 25 | — | -2.4% | ||
| Q4 24 | — | -5.7% | ||
| Q3 24 | — | -0.7% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 3.0% |
营业利润率AFGDK
| Q4 25 | 18.4% | 6.8% | ||
| Q3 25 | 11.5% | 10.2% | ||
| Q2 25 | 11.9% | -1.2% | ||
| Q1 25 | 10.6% | -4.8% | ||
| Q4 24 | 14.9% | -17.0% | ||
| Q3 24 | 9.7% | -4.0% | ||
| Q2 24 | 14.3% | 0.1% | ||
| Q1 24 | 15.9% | 0.9% |
净利率AFGDK
| Q4 25 | 14.5% | 3.2% | ||
| Q3 25 | 9.2% | 6.2% | ||
| Q2 25 | 9.0% | -3.8% | ||
| Q1 25 | 8.3% | -6.5% | ||
| Q4 24 | 11.9% | -17.4% | ||
| Q3 24 | 7.6% | -2.5% | ||
| Q2 24 | 11.0% | -1.1% | ||
| Q1 24 | 12.7% | -1.0% |
每股收益（稀释后）AFGDK
| Q4 25 | $3.59 | $1.23 | ||
| Q3 25 | $2.58 | $2.93 | ||
| Q2 25 | $2.07 | $-1.76 | ||
| Q1 25 | $1.84 | $-2.78 | ||
| Q4 24 | $3.03 | $-6.48 | ||
| Q3 24 | $2.16 | $-1.20 | ||
| Q2 24 | $2.49 | $-0.58 | ||
| Q1 24 | $2.89 | $-0.51 |
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 | $1.7B | $625.8M |
| 总债务越低越好 | $1.8B | $3.2B |
| 股东权益账面价值 | $4.8B | $547.3M |
| 总资产 | $32.6B | $6.8B |
| 负债/权益比越低杠杆越低 | 0.38× | 5.91× |
8季度趋势，按日历期对齐
现金及短期投资AFGDK
| Q4 25 | $1.7B | $625.8M | ||
| Q3 25 | $1.8B | $630.9M | ||
| Q2 25 | $1.3B | $615.5M | ||
| Q1 25 | $1.3B | $623.8M | ||
| Q4 24 | $1.4B | $735.6M | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.1B | $657.9M | ||
| Q1 24 | $1.1B | $753.4M |
总债务AFGDK
| Q4 25 | $1.8B | $3.2B | ||
| Q3 25 | $1.8B | $3.2B | ||
| Q2 25 | $1.5B | $3.1B | ||
| Q1 25 | $1.5B | $3.0B | ||
| Q4 24 | $1.5B | $2.8B | ||
| Q3 24 | $1.5B | $2.8B | ||
| Q2 24 | $1.5B | $2.5B | ||
| Q1 24 | $1.5B | $2.5B |
股东权益AFGDK
| Q4 25 | $4.8B | $547.3M | ||
| Q3 25 | $4.7B | $444.8M | ||
| Q2 25 | $4.5B | $294.9M | ||
| Q1 25 | $4.4B | $429.4M | ||
| Q4 24 | $4.5B | $575.2M | ||
| Q3 24 | $4.7B | $875.4M | ||
| Q2 24 | $4.4B | $982.8M | ||
| Q1 24 | $4.2B | $1.0B |
总资产AFGDK
| Q4 25 | $32.6B | $6.8B | ||
| Q3 25 | $33.8B | $7.1B | ||
| Q2 25 | $30.7B | $7.1B | ||
| Q1 25 | $30.3B | $6.9B | ||
| Q4 24 | $30.8B | $6.7B | ||
| Q3 24 | $32.6B | $7.0B | ||
| Q2 24 | $29.9B | $6.9B | ||
| Q1 24 | $30.0B | $7.2B |
负债/权益比AFGDK
| Q4 25 | 0.38× | 5.91× | ||
| Q3 25 | 0.38× | 7.14× | ||
| Q2 25 | 0.33× | 10.51× | ||
| Q1 25 | 0.34× | 7.07× | ||
| Q4 24 | 0.33× | 4.81× | ||
| Q3 24 | 0.31× | 3.19× | ||
| Q2 24 | 0.34× | 2.50× | ||
| Q1 24 | 0.35× | 2.41× |
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 | $784.0M | $502.8M |
| 自由现金流经营现金流 - 资本支出 | — | $382.8M |
| 自由现金流率自由现金流/营收 | — | 15.8% |
| 资本支出强度资本支出/营收 | — | 4.9% |
| 现金转化率经营现金流/净利润 | 2.62× | 6.42× |
| 过去12个月自由现金流最近4个季度 | — | $6.3M |
8季度趋势，按日历期对齐
经营现金流AFGDK
| Q4 25 | $784.0M | $502.8M | ||
| Q3 25 | $216.0M | $44.0M | ||
| Q2 25 | $191.0M | $51.4M | ||
| Q1 25 | $342.0M | $-62.4M | ||
| Q4 24 | $674.0M | $-163.5M | ||
| Q3 24 | $459.0M | $-21.6M | ||
| Q2 24 | $-88.0M | $-48.4M | ||
| Q1 24 | $107.0M | $166.7M |
自由现金流AFGDK
| Q4 25 | — | $382.8M | ||
| Q3 25 | — | $-64.0M | ||
| Q2 25 | — | $-114.4M | ||
| Q1 25 | — | $-198.1M | ||
| Q4 24 | — | $-354.0M | ||
| Q3 24 | — | $-140.6M | ||
| Q2 24 | — | $-128.3M | ||
| Q1 24 | — | $128.4M |
自由现金流率AFGDK
| Q4 25 | — | 15.8% | ||
| Q3 25 | — | -2.2% | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | -7.5% | ||
| Q4 24 | — | -14.9% | ||
| Q3 24 | — | -4.6% | ||
| Q2 24 | — | -3.9% | ||
| Q1 24 | — | 4.1% |
资本支出强度AFGDK
| Q4 25 | — | 4.9% | ||
| Q3 25 | — | 3.7% | ||
| Q2 25 | — | 6.0% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | — | 2.4% | ||
| Q1 24 | — | 1.2% |
现金转化率AFGDK
| Q4 25 | 2.62× | 6.42× | ||
| Q3 25 | 1.00× | 0.25× | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | -0.42× | — | ||
| Q1 24 | 0.44× | — |
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
AFG
| Property And Casualty Insurance | $2.0B | 96% |
| Other | $83.0M | 4% |
DK
| Refining | $2.2B | 91% |
| Other | $173.0M | 7% |
| Gravity Water Intermediate Holdings LLC Gravity | $22.5M | 1% |
| Related Party | $20.8M | 1% |
| Logistics | $1.3M | 0% |
