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爱齐科技（ALGN）与沃特世（WAT）财务数据对比。点击上方公司名可切换其他公司
爱齐科技的季度营收约是沃特世的1.1倍（$1.0B vs $932.4M），沃特世净利率更高（24.2% vs 13.0%，领先11.2%），沃特世同比增速更快（6.8% vs 5.3%），过去两年沃特世的营收复合增速更高（21.0% vs 2.5%）
爱齐科技是一家全球知名医疗设备企业，主营设计、生产及销售隐适美透明矫治器、iTero口内扫描仪及配套服务，客户覆盖正畸医师、全科牙医，面向修复、美容牙科领域，业务分为透明矫治器、扫描仪及服务两大板块，可满足青少年等不同群体的正畸需求
沃特世是总部位于美国马萨诸塞州米尔福德的企业，面向生命科学、材料、食品等行业，提供色谱、质谱、实验室信息学、流变测量领域所用的分析仪器及配套软件，为各领域的检测、研发等工作提供可靠技术支持。
ALGN vs WAT — 直观对比
营收规模更大
ALGN
是对方的1.1倍
$932.4M
营收增速更快
WAT
高出1.6%
5.3%
净利率更高
WAT
高出11.2%
13.0%
两年增速更快
WAT
近两年复合增速
2.5%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.0B | $932.4M |
| 净利润 | $135.8M | $225.2M |
| 毛利率 | 65.3% | 61.1% |
| 营业利润率 | 14.8% | 29.0% |
| 净利率 | 13.0% | 24.2% |
| 营收同比 | 5.3% | 6.8% |
| 净利润同比 | 30.8% | -2.7% |
| 每股收益（稀释后） | $1.88 | $3.76 |
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ALGNWAT
| Q4 25 | $1.0B | $932.4M | ||
| Q3 25 | $995.7M | $799.9M | ||
| Q2 25 | $1.0B | $771.3M | ||
| Q1 25 | $979.3M | $661.7M | ||
| Q4 24 | $995.2M | $872.7M | ||
| Q3 24 | $977.9M | $740.3M | ||
| Q2 24 | $1.0B | $708.5M | ||
| Q1 24 | $997.4M | $636.8M |
净利润ALGNWAT
| Q4 25 | $135.8M | $225.2M | ||
| Q3 25 | $56.8M | $148.9M | ||
| Q2 25 | $124.6M | $147.1M | ||
| Q1 25 | $93.2M | $121.4M | ||
| Q4 24 | $103.8M | $231.4M | ||
| Q3 24 | $116.0M | $161.5M | ||
| Q2 24 | $96.6M | $142.7M | ||
| Q1 24 | $105.0M | $102.2M |
毛利率ALGNWAT
| Q4 25 | 65.3% | 61.1% | ||
| Q3 25 | 64.2% | 59.0% | ||
| Q2 25 | 69.9% | 58.3% | ||
| Q1 25 | 69.5% | 58.2% | ||
| Q4 24 | 70.0% | 60.1% | ||
| Q3 24 | 69.7% | 59.3% | ||
| Q2 24 | 70.3% | 59.3% | ||
| Q1 24 | 70.0% | 58.9% |
营业利润率ALGNWAT
| Q4 25 | 14.8% | 29.0% | ||
| Q3 25 | 9.7% | 24.0% | ||
| Q2 25 | 16.1% | 24.4% | ||
| Q1 25 | 13.4% | 22.9% | ||
| Q4 24 | 14.5% | 33.5% | ||
| Q3 24 | 16.6% | 28.5% | ||
| Q2 24 | 14.3% | 26.7% | ||
| Q1 24 | 15.5% | 21.0% |
净利率ALGNWAT
| Q4 25 | 13.0% | 24.2% | ||
| Q3 25 | 5.7% | 18.6% | ||
| Q2 25 | 12.3% | 19.1% | ||
| Q1 25 | 9.5% | 18.3% | ||
| Q4 24 | 10.4% | 26.5% | ||
| Q3 24 | 11.9% | 21.8% | ||
| Q2 24 | 9.4% | 20.1% | ||
| Q1 24 | 10.5% | 16.0% |
每股收益（稀释后）ALGNWAT
| Q4 25 | $1.88 | $3.76 | ||
| Q3 25 | $0.78 | $2.50 | ||
| Q2 25 | $1.72 | $2.47 | ||
| Q1 25 | $1.27 | $2.03 | ||
| Q4 24 | $1.40 | $3.88 | ||
| Q3 24 | $1.55 | $2.71 | ||
| Q2 24 | $1.28 | $2.40 | ||
| Q1 24 | $1.39 | $1.72 |
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 | $1.1B | $587.8M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $4.0B | $2.6B |
| 总资产 | $6.2B | $5.1B |
| 负债/权益比越低杠杆越低 | — | 0.55× |
8季度趋势，按日历期对齐
现金及短期投资ALGNWAT
| Q4 25 | $1.1B | $587.8M | ||
| Q3 25 | $1.0B | $459.1M | ||
| Q2 25 | $901.2M | $367.2M | ||
| Q1 25 | $873.0M | $382.9M | ||
| Q4 24 | $1.0B | $325.4M | ||
| Q3 24 | $1.0B | $331.5M | ||
| Q2 24 | $761.4M | $327.4M | ||
| Q1 24 | $865.8M | $338.2M |
总债务ALGNWAT
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ALGNWAT
| Q4 25 | $4.0B | $2.6B | ||
| Q3 25 | $4.0B | $2.3B | ||
| Q2 25 | $3.9B | $2.2B | ||
| Q1 25 | $3.8B | $2.0B | ||
| Q4 24 | $3.9B | $1.8B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $3.8B | $1.4B | ||
| Q1 24 | $3.8B | $1.3B |
总资产ALGNWAT
| Q4 25 | $6.2B | $5.1B | ||
| Q3 25 | $6.2B | $4.9B | ||
| Q2 25 | $6.2B | $4.7B | ||
| Q1 25 | $6.1B | $4.6B | ||
| Q4 24 | $6.2B | $4.6B | ||
| Q3 24 | $6.4B | $4.5B | ||
| Q2 24 | $6.2B | $4.4B | ||
| Q1 24 | $6.2B | $4.5B |
负债/权益比ALGNWAT
| Q4 25 | — | 0.55× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.89× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $223.2M | $164.6M |
| 自由现金流经营现金流 - 资本支出 | $187.3M | — |
| 自由现金流率自由现金流/营收 | 17.9% | — |
| 资本支出强度资本支出/营收 | 3.4% | — |
| 现金转化率经营现金流/净利润 | 1.64× | 0.73× |
| 过去12个月自由现金流最近4个季度 | $490.8M | — |
8季度趋势，按日历期对齐
经营现金流ALGNWAT
| Q4 25 | $223.2M | $164.6M | ||
| Q3 25 | $188.7M | $187.3M | ||
| Q2 25 | $128.7M | $41.1M | ||
| Q1 25 | $52.7M | $259.6M | ||
| Q4 24 | $286.1M | $240.1M | ||
| Q3 24 | $263.7M | $204.6M | ||
| Q2 24 | $159.8M | $54.5M | ||
| Q1 24 | $28.7M | $262.9M |
自由现金流ALGNWAT
| Q4 25 | $187.3M | — | ||
| Q3 25 | $169.0M | — | ||
| Q2 25 | $107.2M | — | ||
| Q1 25 | $27.4M | — | ||
| Q4 24 | $263.1M | — | ||
| Q3 24 | $233.9M | — | ||
| Q2 24 | $106.4M | — | ||
| Q1 24 | $19.3M | — |
自由现金流率ALGNWAT
| Q4 25 | 17.9% | — | ||
| Q3 25 | 17.0% | — | ||
| Q2 25 | 10.6% | — | ||
| Q1 25 | 2.8% | — | ||
| Q4 24 | 26.4% | — | ||
| Q3 24 | 23.9% | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | 1.9% | — |
资本支出强度ALGNWAT
| Q4 25 | 3.4% | — | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 2.1% | — | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 3.0% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | 0.9% | — |
现金转化率ALGNWAT
| Q4 25 | 1.64× | 0.73× | ||
| Q3 25 | 3.33× | 1.26× | ||
| Q2 25 | 1.03× | 0.28× | ||
| Q1 25 | 0.57× | 2.14× | ||
| Q4 24 | 2.76× | 1.04× | ||
| Q3 24 | 2.27× | 1.27× | ||
| Q2 24 | 1.66× | 0.38× | ||
| Q1 24 | 0.27× | 2.57× |
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
ALGN
| Systems And Services | $789.6M | 75% |
| Other | $258.0M | 25% |
WAT
暂无分部数据
