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西联汇款（AFG）与格罗方德（GFS）财务数据对比。点击上方公司名可切换其他公司
西联汇款的季度营收约是格罗方德的1.2倍（$2.1B vs $1.7B），格罗方德净利率更高（14.8% vs 14.5%，领先0.3%），格罗方德同比增速更快（-2.9% vs -4.0%），过去两年西联汇款的营收复合增速更高（4.0% vs -4.3%）
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。
格罗方德是跨国半导体代工及设计企业，注册地为开曼群岛，总部位于美国纽约州马耳他。公司2009年3月由AMD制造业务分拆成立，2021年10月完成首次公开募股，阿联酋主权财富基金穆巴达拉投资公司目前仍持有其82%的多数股权。
AFG vs GFS — 直观对比
营收规模更大
AFG
是对方的1.2倍
$1.7B
营收增速更快
GFS
高出1.1%
-4.0%
净利率更高
GFS
高出0.3%
14.5%
两年增速更快
AFG
近两年复合增速
-4.3%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.7B |
| 净利润 | $299.0M | $249.0M |
| 毛利率 | — | 24.8% |
| 营业利润率 | 18.4% | 11.6% |
| 净利率 | 14.5% | 14.8% |
| 营收同比 | -4.0% | -2.9% |
| 净利润同比 | 17.3% | 39.9% |
| 每股收益（稀释后） | $3.59 | $0.44 |
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AFGGFS
| Q4 25 | $2.1B | — | ||
| Q3 25 | $2.3B | $1.7B | ||
| Q2 25 | $1.9B | $1.7B | ||
| Q1 25 | $1.9B | $1.6B | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.4B | $1.7B | ||
| Q2 24 | $1.9B | $1.6B | ||
| Q1 24 | $1.9B | $1.5B |
净利润AFGGFS
| Q4 25 | $299.0M | — | ||
| Q3 25 | $215.0M | $249.0M | ||
| Q2 25 | $174.0M | $228.0M | ||
| Q1 25 | $154.0M | $211.0M | ||
| Q4 24 | $255.0M | — | ||
| Q3 24 | $181.0M | $178.0M | ||
| Q2 24 | $209.0M | $155.0M | ||
| Q1 24 | $242.0M | $134.0M |
毛利率AFGGFS
| Q4 25 | — | — | ||
| Q3 25 | — | 24.8% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 22.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 23.8% | ||
| Q2 24 | — | 24.2% | ||
| Q1 24 | — | 25.4% |
营业利润率AFGGFS
| Q4 25 | 18.4% | — | ||
| Q3 25 | 11.5% | 11.6% | ||
| Q2 25 | 11.9% | 11.6% | ||
| Q1 25 | 10.6% | 9.5% | ||
| Q4 24 | 14.9% | — | ||
| Q3 24 | 9.7% | 10.6% | ||
| Q2 24 | 14.3% | 9.5% | ||
| Q1 24 | 15.9% | 9.5% |
净利率AFGGFS
| Q4 25 | 14.5% | — | ||
| Q3 25 | 9.2% | 14.8% | ||
| Q2 25 | 9.0% | 13.5% | ||
| Q1 25 | 8.3% | 13.3% | ||
| Q4 24 | 11.9% | — | ||
| Q3 24 | 7.6% | 10.2% | ||
| Q2 24 | 11.0% | 9.5% | ||
| Q1 24 | 12.7% | 8.7% |
每股收益（稀释后）AFGGFS
| Q4 25 | $3.59 | — | ||
| Q3 25 | $2.58 | $0.44 | ||
| Q2 25 | $2.07 | $0.41 | ||
| Q1 25 | $1.84 | $0.38 | ||
| Q4 24 | $3.03 | — | ||
| Q3 24 | $2.16 | $0.32 | ||
| Q2 24 | $2.49 | $0.28 | ||
| Q1 24 | $2.89 | $0.24 |
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 | $2.0B |
| 总债务越低越好 | $1.8B | — |
| 股东权益账面价值 | $4.8B | $11.8B |
| 总资产 | $32.6B | $16.7B |
| 负债/权益比越低杠杆越低 | 0.38× | — |
8季度趋势，按日历期对齐
现金及短期投资AFGGFS
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | $2.0B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.3B | $2.3B | ||
| Q2 24 | $1.1B | $2.2B | ||
| Q1 24 | $1.1B | $2.2B |
总债务AFGGFS
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | $1.5B | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $1.5B | — |
股东权益AFGGFS
| Q4 25 | $4.8B | — | ||
| Q3 25 | $4.7B | $11.8B | ||
| Q2 25 | $4.5B | $11.5B | ||
| Q1 25 | $4.4B | $11.1B | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | $4.7B | $11.6B | ||
| Q2 24 | $4.4B | $11.3B | ||
| Q1 24 | $4.2B | $11.3B |
总资产AFGGFS
| Q4 25 | $32.6B | — | ||
| Q3 25 | $33.8B | $16.7B | ||
| Q2 25 | $30.7B | $16.8B | ||
| Q1 25 | $30.3B | $16.5B | ||
| Q4 24 | $30.8B | — | ||
| Q3 24 | $32.6B | $18.1B | ||
| Q2 24 | $29.9B | — | ||
| Q1 24 | $30.0B | — |
负债/权益比AFGGFS
| Q4 25 | 0.38× | — | ||
| Q3 25 | 0.38× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | — | ||
| Q3 24 | 0.31× | — | ||
| Q2 24 | 0.34× | — | ||
| Q1 24 | 0.35× | — |
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 | $595.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.62× | 2.39× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AFGGFS
| Q4 25 | $784.0M | — | ||
| Q3 25 | $216.0M | $595.0M | ||
| Q2 25 | $191.0M | $431.0M | ||
| Q1 25 | $342.0M | $331.0M | ||
| Q4 24 | $674.0M | — | ||
| Q3 24 | $459.0M | $375.0M | ||
| Q2 24 | $-88.0M | $402.0M | ||
| Q1 24 | $107.0M | $488.0M |
现金转化率AFGGFS
| Q4 25 | 2.62× | — | ||
| Q3 25 | 1.00× | 2.39× | ||
| Q2 25 | 1.10× | 1.89× | ||
| Q1 25 | 2.22× | 1.57× | ||
| Q4 24 | 2.64× | — | ||
| Q3 24 | 2.54× | 2.11× | ||
| Q2 24 | -0.42× | 2.59× | ||
| Q1 24 | 0.44× | 3.64× |
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% |
GFS
| Smart Mobile Devices | $752.0M | 45% |
| Automotive | $306.0M | 18% |
| Home And Industrial Io T | $258.0M | 15% |
| Goods Or Services Transferred Over Time | $198.0M | 12% |
| Communications Infrastructure Datacenter | $175.0M | 10% |
