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西联汇款（AFG）与COMFORT SYSTEMS USA INC（FIX）财务数据对比。点击上方公司名可切换其他公司
COMFORT SYSTEMS USA INC的季度营收约是西联汇款的1.3倍（$2.6B vs $2.1B），西联汇款净利率更高（14.5% vs 12.5%，领先2.0%），COMFORT SYSTEMS USA INC同比增速更快（41.7% vs -4.0%），过去两年COMFORT SYSTEMS USA INC的营收复合增速更高（31.2% vs 4.0%）
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。
Comfort Systems USA Inc.是一家美国企业，主营机电工程承包服务，核心业务覆盖暖通空调、给排水、管道工程、控制系统、场外预制建造、监测服务、消防系统，以及电气系统的安装与运维，为各类客户提供一体化机电设施解决方案。
AFG vs FIX — 直观对比
营收规模更大
FIX
是对方的1.3倍
$2.1B
营收增速更快
FIX
高出45.7%
-4.0%
净利率更高
AFG
高出2.0%
12.5%
两年增速更快
FIX
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $2.6B |
| 净利润 | $299.0M | $330.8M |
| 毛利率 | — | 25.5% |
| 营业利润率 | 18.4% | 16.1% |
| 净利率 | 14.5% | 12.5% |
| 营收同比 | -4.0% | 41.7% |
| 净利润同比 | 17.3% | 126.8% |
| 每股收益（稀释后） | $3.59 | $9.35 |
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AFGFIX
| Q4 25 | $2.1B | $2.6B | ||
| Q3 25 | $2.3B | $2.5B | ||
| Q2 25 | $1.9B | $2.2B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $1.9B | $1.5B |
净利润AFGFIX
| Q4 25 | $299.0M | $330.8M | ||
| Q3 25 | $215.0M | $291.6M | ||
| Q2 25 | $174.0M | $230.8M | ||
| Q1 25 | $154.0M | $169.3M | ||
| Q4 24 | $255.0M | $145.9M | ||
| Q3 24 | $181.0M | $146.2M | ||
| Q2 24 | $209.0M | $134.0M | ||
| Q1 24 | $242.0M | $96.3M |
毛利率AFGFIX
| Q4 25 | — | 25.5% | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 23.2% | ||
| Q3 24 | — | 21.1% | ||
| Q2 24 | — | 20.1% | ||
| Q1 24 | — | 19.3% |
营业利润率AFGFIX
| Q4 25 | 18.4% | 16.1% | ||
| Q3 25 | 11.5% | 15.5% | ||
| Q2 25 | 11.9% | 13.8% | ||
| Q1 25 | 10.6% | 11.4% | ||
| Q4 24 | 14.9% | 12.1% | ||
| Q3 24 | 9.7% | 11.2% | ||
| Q2 24 | 14.3% | 10.2% | ||
| Q1 24 | 15.9% | 8.8% |
净利率AFGFIX
| Q4 25 | 14.5% | 12.5% | ||
| Q3 25 | 9.2% | 11.9% | ||
| Q2 25 | 9.0% | 10.6% | ||
| Q1 25 | 8.3% | 9.2% | ||
| Q4 24 | 11.9% | 7.8% | ||
| Q3 24 | 7.6% | 8.1% | ||
| Q2 24 | 11.0% | 7.4% | ||
| Q1 24 | 12.7% | 6.3% |
每股收益（稀释后）AFGFIX
| Q4 25 | $3.59 | $9.35 | ||
| Q3 25 | $2.58 | $8.25 | ||
| Q2 25 | $2.07 | $6.53 | ||
| Q1 25 | $1.84 | $4.75 | ||
| Q4 24 | $3.03 | $4.08 | ||
| Q3 24 | $2.16 | $4.09 | ||
| Q2 24 | $2.49 | $3.74 | ||
| Q1 24 | $2.89 | $2.69 |
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 | $981.9M |
| 总债务越低越好 | $1.8B | $145.2M |
| 股东权益账面价值 | $4.8B | $2.4B |
| 总资产 | $32.6B | $6.4B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资AFGFIX
| Q4 25 | $1.7B | $981.9M | ||
| Q3 25 | $1.8B | $860.5M | ||
| Q2 25 | $1.3B | $331.7M | ||
| Q1 25 | $1.3B | $204.8M | ||
| Q4 24 | $1.4B | $549.9M | ||
| Q3 24 | $1.3B | $415.6M | ||
| Q2 24 | $1.1B | $199.4M | ||
| Q1 24 | $1.1B | $100.8M |
总债务AFGFIX
| Q4 25 | $1.8B | $145.2M | ||
| Q3 25 | $1.8B | $136.0M | ||
| Q2 25 | $1.5B | $73.0M | ||
| Q1 25 | $1.5B | $67.8M | ||
| Q4 24 | $1.5B | $68.3M | ||
| Q3 24 | $1.5B | $62.3M | ||
| Q2 24 | $1.5B | $73.4M | ||
| Q1 24 | $1.5B | $77.0M |
股东权益AFGFIX
| Q4 25 | $4.8B | $2.4B | ||
| Q3 25 | $4.7B | $2.2B | ||
| Q2 25 | $4.5B | $2.0B | ||
| Q1 25 | $4.4B | $1.8B | ||
| Q4 24 | $4.5B | $1.7B | ||
| Q3 24 | $4.7B | $1.6B | ||
| Q2 24 | $4.4B | $1.5B | ||
| Q1 24 | $4.2B | $1.4B |
总资产AFGFIX
| Q4 25 | $32.6B | $6.4B | ||
| Q3 25 | $33.8B | $5.8B | ||
| Q2 25 | $30.7B | $5.1B | ||
| Q1 25 | $30.3B | $4.6B | ||
| Q4 24 | $30.8B | $4.7B | ||
| Q3 24 | $32.6B | $4.4B | ||
| Q2 24 | $29.9B | $4.2B | ||
| Q1 24 | $30.0B | $3.9B |
负债/权益比AFGFIX
| Q4 25 | 0.38× | 0.06× | ||
| Q3 25 | 0.38× | 0.06× | ||
| Q2 25 | 0.33× | 0.04× | ||
| Q1 25 | 0.34× | 0.04× | ||
| Q4 24 | 0.33× | 0.04× | ||
| Q3 24 | 0.31× | 0.04× | ||
| Q2 24 | 0.34× | 0.05× | ||
| Q1 24 | 0.35× | 0.06× |
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 | $468.5M |
| 自由现金流经营现金流 - 资本支出 | — | $402.4M |
| 自由现金流率自由现金流/营收 | — | 15.2% |
| 资本支出强度资本支出/营收 | — | 2.5% |
| 现金转化率经营现金流/净利润 | 2.62× | 1.42× |
| 过去12个月自由现金流最近4个季度 | — | $1.0B |
8季度趋势，按日历期对齐
经营现金流AFGFIX
| Q4 25 | $784.0M | $468.5M | ||
| Q3 25 | $216.0M | $553.3M | ||
| Q2 25 | $191.0M | $252.5M | ||
| Q1 25 | $342.0M | $-88.0M | ||
| Q4 24 | $674.0M | $210.5M | ||
| Q3 24 | $459.0M | $302.2M | ||
| Q2 24 | $-88.0M | $189.9M | ||
| Q1 24 | $107.0M | $146.6M |
自由现金流AFGFIX
| Q4 25 | — | $402.4M | ||
| Q3 25 | — | $517.9M | ||
| Q2 25 | — | $221.2M | ||
| Q1 25 | — | $-110.2M | ||
| Q4 24 | — | $169.8M | ||
| Q3 24 | — | $280.1M | ||
| Q2 24 | — | $166.5M | ||
| Q1 24 | — | $121.6M |
自由现金流率AFGFIX
| Q4 25 | — | 15.2% | ||
| Q3 25 | — | 21.1% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | -6.0% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 7.9% |
资本支出强度AFGFIX
| Q4 25 | — | 2.5% | ||
| Q3 25 | — | 1.4% | ||
| Q2 25 | — | 1.4% | ||
| Q1 25 | — | 1.2% | ||
| Q4 24 | — | 2.2% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.3% | ||
| Q1 24 | — | 1.6% |
现金转化率AFGFIX
| Q4 25 | 2.62× | 1.42× | ||
| Q3 25 | 1.00× | 1.90× | ||
| Q2 25 | 1.10× | 1.09× | ||
| Q1 25 | 2.22× | -0.52× | ||
| Q4 24 | 2.64× | 1.44× | ||
| Q3 24 | 2.54× | 2.07× | ||
| Q2 24 | -0.42× | 1.42× | ||
| Q1 24 | 0.44× | 1.52× |
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% |
FIX
| Electrical Segment | $823.7M | 31% |
| Manufacturing Customer | $542.7M | 21% |
| Existing Building Construction | $491.4M | 19% |
| Healthcare Sector Customer | $220.8M | 8% |
| Service Projects | $153.0M | 6% |
| Education | $137.5M | 5% |
| Government Customer | $131.0M | 5% |
| Office Building Customer | $88.2M | 3% |
| Other Customer | $40.7M | 2% |
| Multi Family And Residential | $33.7M | 1% |
