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西联汇款（AFG）与Veralto（VLTO）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Veralto的1.5倍（$2.1B vs $1.4B），Veralto净利率更高（17.0% vs 14.5%，领先2.5%），Veralto同比增速更快（4.4% vs -4.0%），过去两年Veralto的营收复合增速更高（5.8% 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。
Veralto是总部位于美国马萨诸塞州沃尔瑟姆的科技企业，核心业务覆盖水分析、水处理、标识喷码、包装及色彩管理相关产品的研发与生产，面向全球多领域客户提供适配的技术产品及配套服务。
AFG vs VLTO — 直观对比
营收规模更大
AFG
是对方的1.5倍
$1.4B
营收增速更快
VLTO
高出8.4%
-4.0%
净利率更高
VLTO
高出2.5%
14.5%
两年增速更快
VLTO
近两年复合增速
4.0%
损益表 — Q4 FY2025 vs Q3 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.1B | $1.4B |
| 净利润 | $299.0M | $239.0M |
| 毛利率 | — | 60.1% |
| 营业利润率 | 18.4% | 23.2% |
| 净利率 | 14.5% | 17.0% |
| 营收同比 | -4.0% | 4.4% |
| 净利润同比 | 17.3% | 5.3% |
| 每股收益（稀释后） | $3.59 | $0.95 |
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AFGVLTO
| Q4 25 | $2.1B | $1.4B | ||
| Q3 25 | $2.3B | $1.4B | ||
| Q2 25 | $1.9B | $1.3B | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $2.4B | $1.3B | ||
| Q2 24 | $1.9B | $1.3B | ||
| Q1 24 | $1.9B | $1.2B |
净利润AFGVLTO
| Q4 25 | $299.0M | $239.0M | ||
| Q3 25 | $215.0M | $222.0M | ||
| Q2 25 | $174.0M | $225.0M | ||
| Q1 25 | $154.0M | — | ||
| Q4 24 | $255.0M | $227.0M | ||
| Q3 24 | $181.0M | $219.0M | ||
| Q2 24 | $209.0M | $203.0M | ||
| Q1 24 | $242.0M | $184.0M |
毛利率AFGVLTO
| Q4 25 | — | 60.1% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 60.4% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 59.6% | ||
| Q3 24 | — | 59.6% | ||
| Q2 24 | — | 60.1% | ||
| Q1 24 | — | 60.0% |
营业利润率AFGVLTO
| Q4 25 | 18.4% | 23.2% | ||
| Q3 25 | 11.5% | 22.8% | ||
| Q2 25 | 11.9% | 24.2% | ||
| Q1 25 | 10.6% | — | ||
| Q4 24 | 14.9% | 22.9% | ||
| Q3 24 | 9.7% | 23.4% | ||
| Q2 24 | 14.3% | 23.2% | ||
| Q1 24 | 15.9% | 23.5% |
净利率AFGVLTO
| Q4 25 | 14.5% | 17.0% | ||
| Q3 25 | 9.2% | 16.2% | ||
| Q2 25 | 9.0% | 16.9% | ||
| Q1 25 | 8.3% | — | ||
| Q4 24 | 11.9% | 16.9% | ||
| Q3 24 | 7.6% | 16.7% | ||
| Q2 24 | 11.0% | 15.8% | ||
| Q1 24 | 12.7% | 14.8% |
每股收益（稀释后）AFGVLTO
| Q4 25 | $3.59 | $0.95 | ||
| Q3 25 | $2.58 | $0.89 | ||
| Q2 25 | $2.07 | $0.90 | ||
| Q1 25 | $1.84 | — | ||
| Q4 24 | $3.03 | $0.91 | ||
| Q3 24 | $2.16 | $0.88 | ||
| Q2 24 | $2.49 | $0.81 | ||
| Q1 24 | $2.89 | $0.74 |
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 | $1.8B |
| 总债务越低越好 | $1.8B | $2.7B |
| 股东权益账面价值 | $4.8B | $2.8B |
| 总资产 | $32.6B | $7.4B |
| 负债/权益比越低杠杆越低 | 0.38× | 0.94× |
8季度趋势，按日历期对齐
现金及短期投资AFGVLTO
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.8B | $1.6B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.1B | $1.0B | ||
| Q1 24 | $1.1B | $827.0M |
总债务AFGVLTO
| Q4 25 | $1.8B | $2.7B | ||
| Q3 25 | $1.8B | $2.7B | ||
| Q2 25 | $1.5B | $2.6B | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.5B | $2.6B | ||
| Q3 24 | $1.5B | $2.6B | ||
| Q2 24 | $1.5B | $2.6B | ||
| Q1 24 | $1.5B | $2.6B |
股东权益AFGVLTO
| Q4 25 | $4.8B | $2.8B | ||
| Q3 25 | $4.7B | $2.7B | ||
| Q2 25 | $4.5B | $2.3B | ||
| Q1 25 | $4.4B | — | ||
| Q4 24 | $4.5B | $2.0B | ||
| Q3 24 | $4.7B | $2.0B | ||
| Q2 24 | $4.4B | $1.7B | ||
| Q1 24 | $4.2B | $1.5B |
总资产AFGVLTO
| Q4 25 | $32.6B | $7.4B | ||
| Q3 25 | $33.8B | $7.2B | ||
| Q2 25 | $30.7B | $6.6B | ||
| Q1 25 | $30.3B | — | ||
| Q4 24 | $30.8B | $6.4B | ||
| Q3 24 | $32.6B | $6.3B | ||
| Q2 24 | $29.9B | $5.9B | ||
| Q1 24 | $30.0B | $5.7B |
负债/权益比AFGVLTO
| Q4 25 | 0.38× | 0.94× | ||
| Q3 25 | 0.38× | 1.01× | ||
| Q2 25 | 0.33× | 1.14× | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 0.33× | 1.28× | ||
| Q3 24 | 0.31× | 1.35× | ||
| Q2 24 | 0.34× | 1.57× | ||
| Q1 24 | 0.35× | 1.77× |
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 | $270.0M |
| 自由现金流经营现金流 - 资本支出 | — | $258.0M |
| 自由现金流率自由现金流/营收 | — | 18.4% |
| 资本支出强度资本支出/营收 | — | 0.9% |
| 现金转化率经营现金流/净利润 | 2.62× | 1.13× |
| 过去12个月自由现金流最近4个季度 | — | $986.0M |
8季度趋势，按日历期对齐
经营现金流AFGVLTO
| Q4 25 | $784.0M | $270.0M | ||
| Q3 25 | $216.0M | $339.0M | ||
| Q2 25 | $191.0M | $157.0M | ||
| Q1 25 | $342.0M | — | ||
| Q4 24 | $674.0M | $285.0M | ||
| Q3 24 | $459.0M | $224.0M | ||
| Q2 24 | $-88.0M | $251.0M | ||
| Q1 24 | $107.0M | $115.0M |
自由现金流AFGVLTO
| Q4 25 | — | $258.0M | ||
| Q3 25 | — | $323.0M | ||
| Q2 25 | — | $142.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $263.0M | ||
| Q3 24 | — | $215.0M | ||
| Q2 24 | — | $240.0M | ||
| Q1 24 | — | $102.0M |
自由现金流率AFGVLTO
| Q4 25 | — | 18.4% | ||
| Q3 25 | — | 23.6% | ||
| Q2 25 | — | 10.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 18.6% | ||
| Q1 24 | — | 8.2% |
资本支出强度AFGVLTO
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.6% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.0% |
现金转化率AFGVLTO
| Q4 25 | 2.62× | 1.13× | ||
| Q3 25 | 1.00× | 1.53× | ||
| Q2 25 | 1.10× | 0.70× | ||
| Q1 25 | 2.22× | — | ||
| Q4 24 | 2.64× | 1.26× | ||
| Q3 24 | 2.54× | 1.02× | ||
| Q2 24 | -0.42× | 1.24× | ||
| Q1 24 | 0.44× | 0.63× |
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% |
VLTO
| Product Quality And Innovation Segment | $548.0M | 39% |
| Revenuefrom Contractwith Customer Measurement Recurring | $521.0M | 37% |
| Revenuefrom Contractwith Customer Measurement Nonrecurring | $335.0M | 24% |
