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Amentum Holdings, Inc.（AMTM）与佳明（GRMN）财务数据对比。点击上方公司名可切换其他公司
Amentum Holdings, Inc.的季度营收约是佳明的1.5倍（$3.2B vs $2.1B），佳明净利率更高（24.9% vs 1.4%，领先23.5%），佳明同比增速更快（16.6% vs -5.2%），佳明自由现金流更多（$429.6M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 24.0%）
本公司是总部位于美国达拉斯的跨国技术专业服务企业，面向全球企业、机构及政府部门客户提供工程、技术、建设服务以及科学与专项咨询服务，连续6年蝉联《工程新闻纪录》（ENR）全球顶尖设计企业500强榜首。
佳明（Garmin）是总部位于美国堪萨斯州奥拉西的跨国科技企业，专注于设计、研发、生产及销售GPS功能产品，以及导航、通讯、传感类信息产品，业务覆盖汽车、航空、航海、户外、运动健身等多个领域。
AMTM vs GRMN — 直观对比
营收规模更大
AMTM
是对方的1.5倍
$2.1B
营收增速更快
GRMN
高出21.8%
-5.2%
净利率更高
GRMN
高出23.5%
1.4%
自由现金流更多
GRMN
多$571.6M
$-142.0M
两年增速更快
AMTM
近两年复合增速
24.0%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $2.1B |
| 净利润 | $44.0M | $528.7M |
| 毛利率 | 10.1% | 59.2% |
| 营业利润率 | 4.3% | 28.9% |
| 净利率 | 1.4% | 24.9% |
| 营收同比 | -5.2% | 16.6% |
| 净利润同比 | 266.7% | 21.3% |
| 每股收益（稀释后） | $0.18 | $2.72 |
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AMTMGRMN
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $2.1B | ||
| Q3 25 | — | $1.8B | ||
| Q2 25 | $3.6B | $1.8B | ||
| Q1 25 | $3.5B | $1.5B | ||
| Q4 24 | $3.4B | $1.8B | ||
| Q3 24 | $2.2B | $1.6B | ||
| Q2 24 | $2.1B | $1.5B |
净利润AMTMGRMN
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $528.7M | ||
| Q3 25 | — | $401.6M | ||
| Q2 25 | $10.0M | $400.8M | ||
| Q1 25 | $4.0M | $332.8M | ||
| Q4 24 | $12.0M | $435.7M | ||
| Q3 24 | $26.0M | $399.1M | ||
| Q2 24 | $-26.0M | $300.6M |
毛利率AMTMGRMN
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | 59.2% | ||
| Q3 25 | — | 59.1% | ||
| Q2 25 | 10.3% | 58.8% | ||
| Q1 25 | 10.5% | 57.6% | ||
| Q4 24 | 10.6% | 59.3% | ||
| Q3 24 | 9.0% | 60.0% | ||
| Q2 24 | 9.6% | 57.3% |
营业利润率AMTMGRMN
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | 28.9% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | 2.9% | 26.0% | ||
| Q1 25 | 3.2% | 21.7% | ||
| Q4 24 | 3.9% | 28.3% | ||
| Q3 24 | 1.2% | 27.6% | ||
| Q2 24 | 4.2% | 22.7% |
净利率AMTMGRMN
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 24.9% | ||
| Q3 25 | — | 22.7% | ||
| Q2 25 | 0.3% | 22.1% | ||
| Q1 25 | 0.1% | 21.7% | ||
| Q4 24 | 0.4% | 23.9% | ||
| Q3 24 | 1.2% | 25.2% | ||
| Q2 24 | -1.2% | 20.0% |
每股收益（稀释后）AMTMGRMN
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | $2.72 | ||
| Q3 25 | — | $2.08 | ||
| Q2 25 | $0.04 | $2.07 | ||
| Q1 25 | $0.02 | $1.72 | ||
| Q4 24 | $0.05 | $2.24 | ||
| Q3 24 | $0.31 | $2.07 | ||
| Q2 24 | $-0.29 | $1.56 |
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 | $247.0M | $2.3B |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $4.6B | $9.0B |
| 总资产 | $11.2B | $11.0B |
| 负债/权益比越低杠杆越低 | 0.86× | — |
8季度趋势，按日历期对齐
现金及短期投资AMTMGRMN
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | $2.3B | ||
| Q3 25 | — | $2.1B | ||
| Q2 25 | $738.0M | $2.1B | ||
| Q1 25 | $546.0M | $2.2B | ||
| Q4 24 | $522.0M | $2.1B | ||
| Q3 24 | $452.0M | $2.0B | ||
| Q2 24 | — | $1.9B |
总债务AMTMGRMN
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $4.5B | — | ||
| Q1 25 | $4.7B | — | ||
| Q4 24 | $4.7B | — | ||
| Q3 24 | $4.7B | — | ||
| Q2 24 | — | — |
股东权益AMTMGRMN
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | $9.0B | ||
| Q3 25 | — | $8.5B | ||
| Q2 25 | $4.5B | $8.1B | ||
| Q1 25 | $4.4B | $8.2B | ||
| Q4 24 | $4.5B | $7.8B | ||
| Q3 24 | $4.5B | $7.5B | ||
| Q2 24 | $303.0M | $7.0B |
总资产AMTMGRMN
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | $11.0B | ||
| Q3 25 | — | $10.5B | ||
| Q2 25 | $11.8B | $10.3B | ||
| Q1 25 | $12.0B | $9.8B | ||
| Q4 24 | $11.9B | $9.6B | ||
| Q3 24 | $12.0B | $9.3B | ||
| Q2 24 | — | $8.9B |
负债/权益比AMTMGRMN
| Q1 26 | 0.86× | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.06× | — | ||
| Q4 24 | 1.05× | — | ||
| Q3 24 | 1.05× | — | ||
| Q2 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 | $-136.0M | $553.8M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $429.6M |
| 自由现金流率自由现金流/营收 | -4.4% | 20.2% |
| 资本支出强度资本支出/营收 | 0.2% | 5.8% |
| 现金转化率经营现金流/净利润 | -3.09× | 1.05× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $1.4B |
8季度趋势，按日历期对齐
经营现金流AMTMGRMN
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $553.8M | ||
| Q3 25 | — | $485.6M | ||
| Q2 25 | $106.0M | $173.2M | ||
| Q1 25 | $57.0M | $420.8M | ||
| Q4 24 | $110.0M | $483.9M | ||
| Q3 24 | — | $258.0M | ||
| Q2 24 | — | $255.3M |
自由现金流AMTMGRMN
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $429.6M | ||
| Q3 25 | — | $425.1M | ||
| Q2 25 | $100.0M | $127.5M | ||
| Q1 25 | $53.0M | $380.7M | ||
| Q4 24 | $102.0M | $399.2M | ||
| Q3 24 | — | $219.4M | ||
| Q2 24 | — | $218.2M |
自由现金流率AMTMGRMN
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 20.2% | ||
| Q3 25 | — | 24.0% | ||
| Q2 25 | 2.8% | 7.0% | ||
| Q1 25 | 1.5% | 24.8% | ||
| Q4 24 | 3.0% | 21.9% | ||
| Q3 24 | — | 13.8% | ||
| Q2 24 | — | 14.5% |
资本支出强度AMTMGRMN
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 5.8% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.1% | 2.6% | ||
| Q4 24 | 0.2% | 4.6% | ||
| Q3 24 | — | 2.4% | ||
| Q2 24 | — | 2.5% |
现金转化率AMTMGRMN
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 1.05× | ||
| Q3 25 | — | 1.21× | ||
| Q2 25 | 10.60× | 0.43× | ||
| Q1 25 | 14.25× | 1.26× | ||
| Q4 24 | 9.17× | 1.11× | ||
| Q3 24 | — | 0.65× | ||
| Q2 24 | — | 0.85× |
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
AMTM
| Global Engineering Solutions Segment | $1.9B | 59% |
| Other U.S.Government Agencies | $400.0M | 12% |
| Fixed Price Contract | $380.0M | 12% |
| Commercial And International | $226.0M | 7% |
| Time And Materials Contract | $171.0M | 5% |
| Sales Channel Through Intermediary | $78.0M | 2% |
| Equity Method Investee | $50.0M | 2% |
GRMN
| Fitness Segment | $765.8M | 36% |
| Outdoor Segment | $627.6M | 30% |
| Marine Segment | $296.9M | 14% |
| Aviation Segment | $274.2M | 13% |
| Auto Oem Segment | $160.4M | 8% |
