vs
Ametek（AME）与UL Solutions Inc.（ULS）财务数据对比。点击上方公司名可切换其他公司
Ametek的季度营收约是UL Solutions Inc.的2.5倍（$2.0B vs $789.0M）。Ametek净利率更高（19.9% vs 8.5%，领先11.5%）。Ametek同比增速更快（13.4% vs 6.8%）。Ametek自由现金流更多（$527.3M vs $86.0M）。过去两年UL Solutions Inc.的营收复合增速更高（8.5% vs 7.3%）
AMETEK Inc.是美国跨国综合企业，为全球知名的电子仪器及机电设备设计商与制造商，总部位于美国，在全球范围内设有超过150个运营站点，业务覆盖多个国家和地区，为各行业客户提供高性能的相关产品及配套解决方案。
UL是总部位于美国伊利诺伊州诺斯布鲁克的全球私营安全领域企业，旗下设有三大机构：UL研究院、UL标准与倡议部门以及UL Solutions，为全球各行业客户提供标准制定、检测认证、风险管控等专业安全服务，保障产品与运营的合规性与安全性，助力企业可持续发展。
AME vs ULS — 直观对比
营收规模更大
AME
是对方的2.5倍
$789.0M
营收增速更快
AME
高出6.7%
6.8%
净利率更高
AME
高出11.5%
8.5%
自由现金流更多
AME
多$441.3M
$86.0M
两年增速更快
ULS
近两年复合增速
7.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $789.0M |
| 净利润 | $398.6M | $67.0M |
| 毛利率 | 36.0% | 49.7% |
| 营业利润率 | 25.3% | 15.0% |
| 净利率 | 19.9% | 8.5% |
| 营收同比 | 13.4% | 6.8% |
| 净利润同比 | 2.9% | -17.3% |
| 每股收益（稀释后） | $1.73 | $0.33 |
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AMEULS
| Q4 25 | $2.0B | $789.0M | ||
| Q3 25 | $1.9B | $783.0M | ||
| Q2 25 | $1.8B | $776.0M | ||
| Q1 25 | $1.7B | $705.0M | ||
| Q4 24 | $1.8B | $739.0M | ||
| Q3 24 | $1.7B | $731.0M | ||
| Q2 24 | $1.7B | $730.0M | ||
| Q1 24 | $1.7B | $670.0M |
净利润AMEULS
| Q4 25 | $398.6M | $67.0M | ||
| Q3 25 | $371.4M | $100.0M | ||
| Q2 25 | $358.4M | $91.0M | ||
| Q1 25 | $351.8M | $67.0M | ||
| Q4 24 | $387.3M | $81.0M | ||
| Q3 24 | $340.2M | $88.0M | ||
| Q2 24 | $337.7M | $101.0M | ||
| Q1 24 | $310.9M | $56.0M |
毛利率AMEULS
| Q4 25 | 36.0% | 49.7% | ||
| Q3 25 | 36.3% | 50.3% | ||
| Q2 25 | 35.8% | 49.4% | ||
| Q1 25 | 36.1% | 48.4% | ||
| Q4 24 | 36.6% | 47.4% | ||
| Q3 24 | 36.0% | 49.0% | ||
| Q2 24 | 36.0% | 50.1% | ||
| Q1 24 | 34.1% | 47.6% |
营业利润率AMEULS
| Q4 25 | 25.3% | 15.0% | ||
| Q3 25 | 25.8% | 19.9% | ||
| Q2 25 | 26.0% | 17.9% | ||
| Q1 25 | 26.3% | 15.5% | ||
| Q4 24 | 26.6% | 15.6% | ||
| Q3 24 | 26.1% | 17.8% | ||
| Q2 24 | 25.8% | 17.3% | ||
| Q1 24 | 24.0% | 13.6% |
净利率AMEULS
| Q4 25 | 19.9% | 8.5% | ||
| Q3 25 | 19.6% | 12.8% | ||
| Q2 25 | 20.2% | 11.7% | ||
| Q1 25 | 20.3% | 9.5% | ||
| Q4 24 | 22.0% | 11.0% | ||
| Q3 24 | 19.9% | 12.0% | ||
| Q2 24 | 19.5% | 13.8% | ||
| Q1 24 | 17.9% | 8.4% |
每股收益（稀释后）AMEULS
| Q4 25 | $1.73 | $0.33 | ||
| Q3 25 | $1.60 | $0.49 | ||
| Q2 25 | $1.55 | $0.45 | ||
| Q1 25 | $1.52 | $0.33 | ||
| Q4 24 | $1.67 | $0.40 | ||
| Q3 24 | $1.47 | $0.44 | ||
| Q2 24 | $1.45 | $0.50 | ||
| Q1 24 | $1.34 | $0.28 |
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 | $458.0M | $295.0M |
| 总债务越低越好 | $2.3B | $491.0M |
| 股东权益账面价值 | $10.6B | $1.3B |
| 总资产 | $16.1B | $2.9B |
| 负债/权益比越低杠杆越低 | 0.21× | 0.39× |
8季度趋势，按日历期对齐
现金及短期投资AMEULS
| Q4 25 | $458.0M | $295.0M | ||
| Q3 25 | $439.2M | $255.0M | ||
| Q2 25 | $619.7M | $272.0M | ||
| Q1 25 | $399.0M | $267.0M | ||
| Q4 24 | $374.0M | $298.0M | ||
| Q3 24 | $396.3M | $327.0M | ||
| Q2 24 | $396.6M | $295.0M | ||
| Q1 24 | $373.8M | $344.0M |
总债务AMEULS
| Q4 25 | $2.3B | $491.0M | ||
| Q3 25 | — | $544.0M | ||
| Q2 25 | — | $608.0M | ||
| Q1 25 | — | $653.0M | ||
| Q4 24 | $2.1B | $742.0M | ||
| Q3 24 | — | $797.0M | ||
| Q2 24 | — | $810.0M | ||
| Q1 24 | — | $879.0M |
股东权益AMEULS
| Q4 25 | $10.6B | $1.3B | ||
| Q3 25 | $10.5B | $1.2B | ||
| Q2 25 | $10.4B | $1.1B | ||
| Q1 25 | $10.0B | $970.0M | ||
| Q4 24 | $9.7B | $904.0M | ||
| Q3 24 | $9.6B | $872.0M | ||
| Q2 24 | $9.3B | $769.0M | ||
| Q1 24 | $9.0B | $671.0M |
总资产AMEULS
| Q4 25 | $16.1B | $2.9B | ||
| Q3 25 | $16.2B | $2.9B | ||
| Q2 25 | $15.3B | $2.9B | ||
| Q1 25 | $14.9B | $2.9B | ||
| Q4 24 | $14.6B | $2.8B | ||
| Q3 24 | $14.8B | $2.9B | ||
| Q2 24 | $14.8B | $2.7B | ||
| Q1 24 | $14.9B | $2.8B |
负债/权益比AMEULS
| Q4 25 | 0.21× | 0.39× | ||
| Q3 25 | — | 0.46× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | 0.22× | 0.82× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.31× |
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 | $584.3M | $144.0M |
| 自由现金流经营现金流 - 资本支出 | $527.3M | $86.0M |
| 自由现金流率自由现金流/营收 | 26.4% | 10.9% |
| 资本支出强度资本支出/营收 | 2.9% | 7.4% |
| 现金转化率经营现金流/净利润 | 1.47× | 2.15× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $403.0M |
8季度趋势，按日历期对齐
经营现金流AMEULS
| Q4 25 | $584.3M | $144.0M | ||
| Q3 25 | $440.9M | $155.0M | ||
| Q2 25 | $359.1M | $147.0M | ||
| Q1 25 | $417.5M | $154.0M | ||
| Q4 24 | $550.0M | $130.0M | ||
| Q3 24 | $487.2M | $150.0M | ||
| Q2 24 | $381.4M | $103.0M | ||
| Q1 24 | $410.2M | $141.0M |
自由现金流AMEULS
| Q4 25 | $527.3M | $86.0M | ||
| Q3 25 | $420.0M | $109.0M | ||
| Q2 25 | $329.8M | $105.0M | ||
| Q1 25 | $394.5M | $103.0M | ||
| Q4 24 | $498.3M | $72.0M | ||
| Q3 24 | $460.9M | $84.0M | ||
| Q2 24 | $360.0M | $47.0M | ||
| Q1 24 | $382.6M | $84.0M |
自由现金流率AMEULS
| Q4 25 | 26.4% | 10.9% | ||
| Q3 25 | 22.2% | 13.9% | ||
| Q2 25 | 18.5% | 13.5% | ||
| Q1 25 | 22.8% | 14.6% | ||
| Q4 24 | 28.3% | 9.7% | ||
| Q3 24 | 27.0% | 11.5% | ||
| Q2 24 | 20.8% | 6.4% | ||
| Q1 24 | 22.0% | 12.5% |
资本支出强度AMEULS
| Q4 25 | 2.9% | 7.4% | ||
| Q3 25 | 1.1% | 5.9% | ||
| Q2 25 | 1.6% | 5.4% | ||
| Q1 25 | 1.3% | 7.2% | ||
| Q4 24 | 2.9% | 7.8% | ||
| Q3 24 | 1.5% | 9.0% | ||
| Q2 24 | 1.2% | 7.7% | ||
| Q1 24 | 1.6% | 8.5% |
现金转化率AMEULS
| Q4 25 | 1.47× | 2.15× | ||
| Q3 25 | 1.19× | 1.55× | ||
| Q2 25 | 1.00× | 1.62× | ||
| Q1 25 | 1.19× | 2.30× | ||
| Q4 24 | 1.42× | 1.60× | ||
| Q3 24 | 1.43× | 1.70× | ||
| Q2 24 | 1.13× | 1.02× | ||
| Q1 24 | 1.32× | 2.52× |
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
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
ULS
| Industrial | $352.0M | 45% |
| Ongoing Certification Services | $259.0M | 33% |
| Software And Advisory | $102.0M | 13% |
| Software | $75.0M | 10% |
