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豪瑞（AMRZ）与CDW Corporation（CDW）财务数据对比。点击上方公司名可切换其他公司
CDW Corporation的季度营收约是豪瑞的1.5倍（$5.5B vs $3.7B），豪瑞同比增速更快（6.6% vs 6.3%），豪瑞自由现金流更多（$669.0M vs $395.9M）
豪瑞是总部位于瑞士的全球领先建筑材料及骨料供应商，为豪瑞集团旗下核心业务板块。原公司于2015年7月10日与拉法基合并组建拉法基豪瑞，2021年正式更名为豪瑞集团，合并完成后豪瑞品牌仍在集团内正常运营。
CDW公司是美国多品牌信息技术服务提供商，服务覆盖美国、英国、加拿大三国的商业、政府、教育、医疗领域，总部位于伊利诺伊州弗农希尔斯，位列《财富》500强，2023年全年净销售额达210亿美元。
AMRZ vs CDW — 直观对比
营收规模更大
CDW
是对方的1.5倍
$3.7B
营收增速更快
AMRZ
高出0.4%
6.3%
自由现金流更多
AMRZ
多$273.1M
$395.9M
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.7B | $5.5B |
| 净利润 | $545.0M | — |
| 毛利率 | 29.6% | 22.8% |
| 营业利润率 | 21.2% | 7.8% |
| 净利率 | 14.8% | — |
| 营收同比 | 6.6% | 6.3% |
| 净利润同比 | -1.4% | — |
| 每股收益（稀释后） | $0.98 | $2.13 |
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AMRZCDW
| Q4 25 | — | $5.5B | ||
| Q3 25 | $3.7B | $5.7B | ||
| Q2 25 | $3.2B | $6.0B | ||
| Q1 25 | — | $5.2B | ||
| Q4 24 | — | $5.2B | ||
| Q3 24 | $3.4B | $5.5B | ||
| Q2 24 | $3.2B | $5.4B | ||
| Q1 24 | — | $4.9B |
净利润AMRZCDW
| Q4 25 | — | — | ||
| Q3 25 | $545.0M | $291.0M | ||
| Q2 25 | $429.0M | $271.2M | ||
| Q1 25 | — | $224.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $553.0M | $316.4M | ||
| Q2 24 | $474.0M | $281.1M | ||
| Q1 24 | — | $216.1M |
毛利率AMRZCDW
| Q4 25 | — | 22.8% | ||
| Q3 25 | 29.6% | 21.9% | ||
| Q2 25 | 30.0% | 20.8% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | 30.2% | 21.8% | ||
| Q2 24 | 30.2% | 21.8% | ||
| Q1 24 | — | 21.8% |
营业利润率AMRZCDW
| Q4 25 | — | 7.8% | ||
| Q3 25 | 21.2% | 7.7% | ||
| Q2 25 | 20.8% | 7.0% | ||
| Q1 25 | — | 7.0% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | 24.5% | 8.7% | ||
| Q2 24 | 23.3% | 8.0% | ||
| Q1 24 | — | 6.7% |
净利率AMRZCDW
| Q4 25 | — | — | ||
| Q3 25 | 14.8% | 5.1% | ||
| Q2 25 | 13.3% | 4.5% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | 16.0% | 5.7% | ||
| Q2 24 | 14.6% | 5.2% | ||
| Q1 24 | — | 4.4% |
每股收益（稀释后）AMRZCDW
| Q4 25 | — | $2.13 | ||
| Q3 25 | $0.98 | $2.21 | ||
| Q2 25 | $0.78 | $2.05 | ||
| Q1 25 | — | $1.69 | ||
| Q4 24 | — | $1.97 | ||
| Q3 24 | $1.00 | $2.34 | ||
| Q2 24 | $0.86 | $2.07 | ||
| Q1 24 | — | $1.59 |
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 | $826.0M | $618.7M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $12.9B | $2.6B |
| 总资产 | $24.0B | $16.0B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMRZCDW
| Q4 25 | — | $618.7M | ||
| Q3 25 | $826.0M | $452.9M | ||
| Q2 25 | $601.0M | $481.0M | ||
| Q1 25 | — | $688.1M | ||
| Q4 24 | — | $717.7M | ||
| Q3 24 | — | $1.2B | ||
| Q2 24 | — | $665.3M | ||
| Q1 24 | — | $803.8M |
股东权益AMRZCDW
| Q4 25 | — | $2.6B | ||
| Q3 25 | $12.9B | $2.5B | ||
| Q2 25 | $12.4B | $2.5B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | $9.8B | $2.3B | ||
| Q2 24 | $9.3B | $2.2B | ||
| Q1 24 | — | $2.1B |
总资产AMRZCDW
| Q4 25 | — | $16.0B | ||
| Q3 25 | $24.0B | $15.2B | ||
| Q2 25 | $23.8B | $15.3B | ||
| Q1 25 | — | $15.0B | ||
| Q4 24 | — | $14.7B | ||
| Q3 24 | — | $14.4B | ||
| Q2 24 | — | $13.6B | ||
| Q1 24 | — | $13.2B |
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 | $854.0M | $433.8M |
| 自由现金流经营现金流 - 资本支出 | $669.0M | $395.9M |
| 自由现金流率自由现金流/营收 | 18.2% | 7.2% |
| 资本支出强度资本支出/营收 | 5.0% | 0.7% |
| 现金转化率经营现金流/净利润 | 1.57× | — |
| 过去12个月自由现金流最近4个季度 | — | $1.1B |
8季度趋势，按日历期对齐
经营现金流AMRZCDW
| Q4 25 | — | $433.8M | ||
| Q3 25 | $854.0M | $328.3M | ||
| Q2 25 | — | $155.9M | ||
| Q1 25 | — | $287.2M | ||
| Q4 24 | — | $345.3M | ||
| Q3 24 | — | $342.1M | ||
| Q2 24 | — | $149.9M | ||
| Q1 24 | — | $440.0M |
自由现金流AMRZCDW
| Q4 25 | — | $395.9M | ||
| Q3 25 | $669.0M | $298.5M | ||
| Q2 25 | — | $133.4M | ||
| Q1 25 | — | $260.3M | ||
| Q4 24 | — | $316.7M | ||
| Q3 24 | — | $308.5M | ||
| Q2 24 | — | $119.0M | ||
| Q1 24 | — | $410.5M |
自由现金流率AMRZCDW
| Q4 25 | — | 7.2% | ||
| Q3 25 | 18.2% | 5.2% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 6.1% | ||
| Q3 24 | — | 5.6% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | — | 8.4% |
资本支出强度AMRZCDW
| Q4 25 | — | 0.7% | ||
| Q3 25 | 5.0% | 0.5% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.6% | ||
| Q1 24 | — | 0.6% |
现金转化率AMRZCDW
| Q4 25 | — | — | ||
| Q3 25 | 1.57× | 1.13× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 1.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.08× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 2.04× |
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
AMRZ
| Building Materials | $2.8B | 75% |
| Building Envelope | $901.0M | 25% |
| Equity Method Investee | $5.0M | 0% |
CDW
暂无分部数据
