vs
Alexander & Baldwin, Inc.（ALEX）与VIRCO MFG CORPORATION（VIRC）财务数据对比。点击上方公司名可切换其他公司
Alexander & Baldwin, Inc.的季度营收约是VIRCO MFG CORPORATION的1.1倍（$51.0M vs $47.6M），Alexander & Baldwin, Inc.净利率更高（7.4% vs -2.8%，领先10.2%），Alexander & Baldwin, Inc.同比增速更快（-18.4% vs -42.3%），Alexander & Baldwin, Inc.自由现金流更多（$27.3M vs $24.5M），过去两年VIRCO MFG CORPORATION的营收复合增速更高（5.7% vs -8.7%）
亚历山大-鲍德温公司是一家美国企业，曾是夏威夷领地时期五大财团之一，也是五大财团中最晚停止甘蔗种植的企业。目前公司主营房地产开发、土地运营以及建材与建筑业务，截至2020年，该公司是夏威夷最大的私人土地持有者之一，在当地拥有超2.8万英亩土地，运营着36处收益性物业。
维尔科制造公司（简称Virco）是总部位于美国加利福尼亚州托伦斯的家具制造商，主打教育场景家具产品，核心产品涵盖学生课桌、活动桌、校园及办公座椅、电脑台、轻质折叠桌与布艺沙发椅等。
ALEX vs VIRC — 直观对比
营收规模更大
ALEX
是对方的1.1倍
$47.6M
营收增速更快
ALEX
高出24.0%
-42.3%
净利率更高
ALEX
高出10.2%
-2.8%
自由现金流更多
ALEX
多$2.7M
$24.5M
两年增速更快
VIRC
近两年复合增速
-8.7%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $51.0M | $47.6M |
| 净利润 | $3.8M | $-1.3M |
| 毛利率 | — | 38.0% |
| 营业利润率 | 17.1% | -3.6% |
| 净利率 | 7.4% | -2.8% |
| 营收同比 | -18.4% | -42.3% |
| 净利润同比 | -69.7% | -115.8% |
| 每股收益（稀释后） | $0.05 | $-0.08 |
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ALEXVIRC
| Q4 25 | $51.0M | $47.6M | ||
| Q3 25 | $50.2M | $92.1M | ||
| Q2 25 | $51.7M | $33.8M | ||
| Q1 25 | $53.7M | $28.5M | ||
| Q4 24 | $62.4M | $82.6M | ||
| Q3 24 | $61.9M | $108.4M | ||
| Q2 24 | $51.0M | $46.7M | ||
| Q1 24 | $61.2M | $42.6M |
净利润ALEXVIRC
| Q4 25 | $3.8M | $-1.3M | ||
| Q3 25 | $14.3M | $10.2M | ||
| Q2 25 | $25.1M | $732.0K | ||
| Q1 25 | $21.4M | $-5.7M | ||
| Q4 24 | $12.4M | $8.4M | ||
| Q3 24 | $19.0M | $16.8M | ||
| Q2 24 | $9.1M | $2.1M | ||
| Q1 24 | $20.0M | $-2.3M |
毛利率ALEXVIRC
| Q4 25 | — | 38.0% | ||
| Q3 25 | — | 44.4% | ||
| Q2 25 | — | 47.5% | ||
| Q1 25 | — | 26.2% | ||
| Q4 24 | — | 44.4% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 37.7% |
营业利润率ALEXVIRC
| Q4 25 | 17.1% | -3.6% | ||
| Q3 25 | 38.2% | 16.7% | ||
| Q2 25 | 54.4% | -0.3% | ||
| Q1 25 | 44.6% | -28.5% | ||
| Q4 24 | 28.3% | 13.5% | ||
| Q3 24 | 35.6% | 20.2% | ||
| Q2 24 | 31.8% | 6.4% | ||
| Q1 24 | 38.9% | -6.5% |
净利率ALEXVIRC
| Q4 25 | 7.4% | -2.8% | ||
| Q3 25 | 28.5% | 11.1% | ||
| Q2 25 | 48.6% | 2.2% | ||
| Q1 25 | 39.9% | -20.1% | ||
| Q4 24 | 19.9% | 10.2% | ||
| Q3 24 | 30.7% | 15.5% | ||
| Q2 24 | 17.8% | 4.6% | ||
| Q1 24 | 32.6% | -5.5% |
每股收益（稀释后）ALEXVIRC
| Q4 25 | $0.05 | $-0.08 | ||
| Q3 25 | $0.20 | $0.65 | ||
| Q2 25 | $0.35 | $0.05 | ||
| Q1 25 | $0.29 | $-0.37 | ||
| Q4 24 | $0.16 | $0.52 | ||
| Q3 24 | $0.26 | $1.04 | ||
| Q2 24 | $0.13 | $0.13 | ||
| Q1 24 | $0.28 | $-0.14 |
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 | $11.3M | — |
| 总债务越低越好 | $491.6M | $3.9M |
| 股东权益账面价值 | $987.2M | $113.6M |
| 总资产 | $1.7B | $181.5M |
| 负债/权益比越低杠杆越低 | 0.50× | 0.03× |
8季度趋势，按日历期对齐
现金及短期投资ALEXVIRC
| Q4 25 | $11.3M | — | ||
| Q3 25 | $17.3M | — | ||
| Q2 25 | $8.6M | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | $33.4M | — | ||
| Q3 24 | $17.9M | — | ||
| Q2 24 | $29.5M | — | ||
| Q1 24 | $15.7M | $5.3M |
总债务ALEXVIRC
| Q4 25 | $491.6M | $3.9M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | $474.8M | $4.2M | ||
| Q3 24 | — | $4.3M | ||
| Q2 24 | — | $7.0M | ||
| Q1 24 | — | $4.4M |
股东权益ALEXVIRC
| Q4 25 | $987.2M | $113.6M | ||
| Q3 25 | $1.0B | $115.4M | ||
| Q2 25 | $1.0B | $105.6M | ||
| Q1 25 | $1.0B | $109.3M | ||
| Q4 24 | $1.0B | $115.9M | ||
| Q3 24 | $998.2M | $107.8M | ||
| Q2 24 | $1.0B | $91.6M | ||
| Q1 24 | $1.0B | $91.2M |
总资产ALEXVIRC
| Q4 25 | $1.7B | $181.5M | ||
| Q3 25 | $1.7B | $198.6M | ||
| Q2 25 | $1.6B | $183.8M | ||
| Q1 25 | $1.6B | $191.9M | ||
| Q4 24 | $1.7B | $210.1M | ||
| Q3 24 | $1.7B | $216.3M | ||
| Q2 24 | $1.6B | $152.5M | ||
| Q1 24 | $1.6B | $146.4M |
负债/权益比ALEXVIRC
| Q4 25 | 0.50× | 0.03× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.04× | ||
| Q4 24 | 0.47× | 0.04× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.05× |
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 | $79.5M | $25.8M |
| 自由现金流经营现金流 - 资本支出 | $27.3M | $24.5M |
| 自由现金流率自由现金流/营收 | 53.5% | 51.5% |
| 资本支出强度资本支出/营收 | 102.4% | 2.7% |
| 现金转化率经营现金流/净利润 | 21.06× | — |
| 过去12个月自由现金流最近4个季度 | $57.2M | $-4.3M |
8季度趋势，按日历期对齐
经营现金流ALEXVIRC
| Q4 25 | $79.5M | $25.8M | ||
| Q3 25 | $24.5M | $3.2M | ||
| Q2 25 | $16.5M | $-19.0M | ||
| Q1 25 | $26.0M | $-8.3M | ||
| Q4 24 | $98.0M | $33.5M | ||
| Q3 24 | $35.3M | $12.5M | ||
| Q2 24 | $22.3M | $-4.5M | ||
| Q1 24 | $16.1M | $4.7M |
自由现金流ALEXVIRC
| Q4 25 | $27.3M | $24.5M | ||
| Q3 25 | $-3.7M | $1.8M | ||
| Q2 25 | $11.8M | $-21.5M | ||
| Q1 25 | $21.8M | $-9.2M | ||
| Q4 24 | $77.0M | $31.0M | ||
| Q3 24 | $31.4M | $10.7M | ||
| Q2 24 | $18.0M | $-5.6M | ||
| Q1 24 | $12.3M | $4.0M |
自由现金流率ALEXVIRC
| Q4 25 | 53.5% | 51.5% | ||
| Q3 25 | -7.4% | 2.0% | ||
| Q2 25 | 22.8% | -63.6% | ||
| Q1 25 | 40.6% | -32.4% | ||
| Q4 24 | 123.4% | 37.5% | ||
| Q3 24 | 50.8% | 9.8% | ||
| Q2 24 | 35.3% | -12.0% | ||
| Q1 24 | 20.1% | 9.5% |
资本支出强度ALEXVIRC
| Q4 25 | 102.4% | 2.7% | ||
| Q3 25 | 56.1% | 1.5% | ||
| Q2 25 | 9.1% | 7.2% | ||
| Q1 25 | 7.8% | 3.3% | ||
| Q4 24 | 33.5% | 3.0% | ||
| Q3 24 | 6.2% | 1.7% | ||
| Q2 24 | 8.4% | 2.3% | ||
| Q1 24 | 6.1% | 1.5% |
现金转化率ALEXVIRC
| Q4 25 | 21.06× | — | ||
| Q3 25 | 1.71× | 0.31× | ||
| Q2 25 | 0.66× | -26.00× | ||
| Q1 25 | 1.21× | — | ||
| Q4 24 | 7.88× | 3.98× | ||
| Q3 24 | 1.86× | 0.74× | ||
| Q2 24 | 2.45× | -2.11× | ||
| Q1 24 | 0.80× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
