vs
Amentum Holdings, Inc.（AMTM）与德事隆（TXT）财务数据对比。点击上方公司名可切换其他公司
德事隆的季度营收约是Amentum Holdings, Inc.的1.3倍（$4.2B vs $3.2B），德事隆净利率更高（5.6% vs 1.4%，领先4.3%），德事隆同比增速更快（15.6% vs -5.2%），德事隆自由现金流更多（$527.0M vs $-142.0M），过去两年Amentum Holdings, Inc.的营收复合增速更高（25.6% vs 15.4%）
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。
德事隆是总部位于美国罗德岛州普罗维登斯的工业集团，1923年由罗亚尔·利特尔创立，前身为特种纱线公司。旗下拥有贝尔德事隆、考泰斯、德事隆航空、莱康明发动机等子公司，业务覆盖25个国家，2020年员工总数超3.3万人，2021年位列美国财富500强第265位。
AMTM vs TXT — 直观对比
营收规模更大
TXT
是对方的1.3倍
$3.2B
营收增速更快
TXT
高出20.8%
-5.2%
净利率更高
TXT
高出4.3%
1.4%
自由现金流更多
TXT
多$669.0M
$-142.0M
两年增速更快
AMTM
近两年复合增速
15.4%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $3.2B | $4.2B |
| 净利润 | $44.0M | $235.0M |
| 毛利率 | 10.1% | — |
| 营业利润率 | 4.3% | — |
| 净利率 | 1.4% | 5.6% |
| 营收同比 | -5.2% | 15.6% |
| 净利润同比 | 266.7% | 66.7% |
| 每股收益（稀释后） | $0.18 | — |
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AMTMTXT
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.9B | $4.2B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $3.6B | $3.7B | ||
| Q1 25 | $3.5B | $3.3B | ||
| Q4 24 | $3.4B | $3.6B | ||
| Q3 24 | $2.2B | $3.4B | ||
| Q2 24 | $2.1B | $3.5B |
净利润AMTMTXT
| Q1 26 | $44.0M | — | ||
| Q4 25 | $40.0M | $235.0M | ||
| Q3 25 | — | $234.0M | ||
| Q2 25 | $10.0M | $245.0M | ||
| Q1 25 | $4.0M | $207.0M | ||
| Q4 24 | $12.0M | $141.0M | ||
| Q3 24 | $26.0M | $223.0M | ||
| Q2 24 | $-26.0M | $259.0M |
毛利率AMTMTXT
| Q1 26 | 10.1% | — | ||
| Q4 25 | 10.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 10.5% | — | ||
| Q4 24 | 10.6% | — | ||
| Q3 24 | 9.0% | — | ||
| Q2 24 | 9.6% | — |
营业利润率AMTMTXT
| Q1 26 | 4.3% | — | ||
| Q4 25 | 3.4% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.9% | — | ||
| Q1 25 | 3.2% | — | ||
| Q4 24 | 3.9% | 3.6% | ||
| Q3 24 | 1.2% | 7.4% | ||
| Q2 24 | 4.2% | 9.2% |
净利率AMTMTXT
| Q1 26 | 1.4% | — | ||
| Q4 25 | 1.0% | 5.6% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | 0.3% | 6.6% | ||
| Q1 25 | 0.1% | 6.3% | ||
| Q4 24 | 0.4% | 3.9% | ||
| Q3 24 | 1.2% | 6.5% | ||
| Q2 24 | -1.2% | 7.3% |
每股收益（稀释后）AMTMTXT
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.16 | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $0.04 | — | ||
| Q1 25 | $0.02 | $1.13 | ||
| Q4 24 | $0.05 | — | ||
| Q3 24 | $0.31 | — | ||
| Q2 24 | $-0.29 | — |
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 | — |
| 总债务越低越好 | $3.9B | — |
| 股东权益账面价值 | $4.6B | — |
| 总资产 | $11.2B | — |
| 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AMTMTXT
| Q1 26 | $247.0M | — | ||
| Q4 25 | $437.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $738.0M | — | ||
| Q1 25 | $546.0M | — | ||
| Q4 24 | $522.0M | — | ||
| Q3 24 | $452.0M | — | ||
| Q2 24 | — | — |
总债务AMTMTXT
| 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AMTMTXT
| Q1 26 | $4.6B | — | ||
| Q4 25 | $4.5B | — | ||
| Q3 25 | — | $7.5B | ||
| Q2 25 | $4.5B | $7.4B | ||
| Q1 25 | $4.4B | $7.3B | ||
| Q4 24 | $4.5B | $7.2B | ||
| Q3 24 | $4.5B | $7.0B | ||
| Q2 24 | $303.0M | $6.9B |
总资产AMTMTXT
| Q1 26 | $11.2B | — | ||
| Q4 25 | $11.5B | — | ||
| Q3 25 | — | $17.4B | ||
| Q2 25 | $11.8B | $17.1B | ||
| Q1 25 | $12.0B | $16.9B | ||
| Q4 24 | $11.9B | $16.8B | ||
| Q3 24 | $12.0B | $16.5B | ||
| Q2 24 | — | $16.4B |
负债/权益比AMTMTXT
| 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 | $700.0M |
| 自由现金流经营现金流 - 资本支出 | $-142.0M | $527.0M |
| 自由现金流率自由现金流/营收 | -4.4% | 12.6% |
| 资本支出强度资本支出/营收 | 0.2% | 4.1% |
| 现金转化率经营现金流/净利润 | -3.09× | 2.98× |
| 过去12个月自由现金流最近4个季度 | $272.0M | $929.0M |
8季度趋势，按日历期对齐
经营现金流AMTMTXT
| Q1 26 | $-136.0M | — | ||
| Q4 25 | $270.0M | $700.0M | ||
| Q3 25 | — | $349.0M | ||
| Q2 25 | $106.0M | $387.0M | ||
| Q1 25 | $57.0M | $-124.0M | ||
| Q4 24 | $110.0M | $446.0M | ||
| Q3 24 | — | $208.0M | ||
| Q2 24 | — | $367.0M |
自由现金流AMTMTXT
| Q1 26 | $-142.0M | — | ||
| Q4 25 | $261.0M | $527.0M | ||
| Q3 25 | — | $273.0M | ||
| Q2 25 | $100.0M | $309.0M | ||
| Q1 25 | $53.0M | $-180.0M | ||
| Q4 24 | $102.0M | $293.0M | ||
| Q3 24 | — | $137.0M | ||
| Q2 24 | — | $293.0M |
自由现金流率AMTMTXT
| Q1 26 | -4.4% | — | ||
| Q4 25 | 6.6% | 12.6% | ||
| Q3 25 | — | 7.6% | ||
| Q2 25 | 2.8% | 8.3% | ||
| Q1 25 | 1.5% | -5.4% | ||
| Q4 24 | 3.0% | 8.1% | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 8.3% |
资本支出强度AMTMTXT
| Q1 26 | 0.2% | — | ||
| Q4 25 | 0.2% | 4.1% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | 0.2% | 2.1% | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 0.2% | 4.2% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.1% |
现金转化率AMTMTXT
| Q1 26 | -3.09× | — | ||
| Q4 25 | 6.75× | 2.98× | ||
| Q3 25 | — | 1.49× | ||
| Q2 25 | 10.60× | 1.58× | ||
| Q1 25 | 14.25× | -0.60× | ||
| Q4 24 | 9.17× | 3.16× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 1.42× |
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% |
TXT
| Aircraft | $1.2B | 29% |
| Military Aircraft And Support Programs | $655.0M | 16% |
| Aftermarket Parts And Services | $551.0M | 13% |
| Services | $507.0M | 12% |
| Fuel Systems And Functional Components | $480.0M | 11% |
| Textron Systems | $323.0M | 8% |
| Other | $317.0M | 8% |
| US Government | $119.0M | 3% |
| Finance | $18.0M | 0% |
| Textron E Aviation Segment | $7.0M | 0% |
