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爱玛客（ARMK）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的季度营收约是爱玛客的1.1倍（$5.5B vs $4.8B），CDW Corporation同比增速更快（6.3% vs 6.1%），CDW Corporation自由现金流更多（$395.9M vs $-904.4M），过去两年爱玛客的营收复合增速更高（7.3% vs 6.3%）
爱玛客是美国知名的餐饮服务与设施管理服务商，服务覆盖教育、司法监管、医疗、企业、休闲文旅等多个领域，业务遍布北美地区及英国、德国、智利、爱尔兰、西班牙在内的14个国家，为各场景客户提供专业后勤支持解决方案。
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。
ARMK vs CDW — 直观对比
营收规模更大
CDW
是对方的1.1倍
$4.8B
营收增速更快
CDW
高出0.1%
6.1%
自由现金流更多
CDW
多$1.3B
$-904.4M
两年增速更快
ARMK
近两年复合增速
6.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $5.5B |
| 净利润 | $96.2M | — |
| 毛利率 | — | 22.8% |
| 营业利润率 | 4.5% | 7.8% |
| 净利率 | 2.0% | — |
| 营收同比 | 6.1% | 6.3% |
| 净利润同比 | -9.0% | — |
| 每股收益（稀释后） | $0.36 | $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ARMKCDW
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $5.5B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $4.6B | $6.0B | ||
| Q1 25 | $4.3B | $5.2B | ||
| Q4 24 | $4.6B | $5.2B | ||
| Q3 24 | $4.4B | $5.5B | ||
| Q2 24 | $4.4B | $5.4B |
净利润ARMKCDW
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | — | ||
| Q3 25 | — | $291.0M | ||
| Q2 25 | $71.8M | $271.2M | ||
| Q1 25 | $61.9M | $224.9M | ||
| Q4 24 | $105.6M | — | ||
| Q3 24 | $122.4M | $316.4M | ||
| Q2 24 | $58.1M | $281.1M |
毛利率ARMKCDW
| Q1 26 | — | — | ||
| Q4 25 | — | 22.8% | ||
| Q3 25 | — | 21.9% | ||
| Q2 25 | — | 20.8% | ||
| Q1 25 | — | 21.6% | ||
| Q4 24 | — | 22.3% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 21.8% |
营业利润率ARMKCDW
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | 7.8% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | 3.9% | 7.0% | ||
| Q1 25 | 4.1% | 7.0% | ||
| Q4 24 | 4.8% | 7.9% | ||
| Q3 24 | 5.0% | 8.7% | ||
| Q2 24 | 3.7% | 8.0% |
净利率ARMKCDW
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | 1.6% | 4.5% | ||
| Q1 25 | 1.4% | 4.3% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 2.8% | 5.7% | ||
| Q2 24 | 1.3% | 5.2% |
每股收益（稀释后）ARMKCDW
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | $2.13 | ||
| Q3 25 | — | $2.21 | ||
| Q2 25 | $0.27 | $2.05 | ||
| Q1 25 | $0.23 | $1.69 | ||
| Q4 24 | $0.39 | $1.97 | ||
| Q3 24 | $0.46 | $2.34 | ||
| Q2 24 | $0.22 | $2.07 |
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 | $439.6M | $618.7M |
| 总债务越低越好 | $6.2B | — |
| 股东权益账面价值 | $3.2B | $2.6B |
| 总资产 | $13.5B | $16.0B |
| 负债/权益比越低杠杆越低 | 1.94× | — |
8季度趋势，按日历期对齐
现金及短期投资ARMKCDW
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | $618.7M | ||
| Q3 25 | — | $452.9M | ||
| Q2 25 | $501.5M | $481.0M | ||
| Q1 25 | $920.5M | $688.1M | ||
| Q4 24 | $484.1M | $717.7M | ||
| Q3 24 | $672.5M | $1.2B | ||
| Q2 24 | $436.1M | $665.3M |
总债务ARMKCDW
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $6.3B | — | ||
| Q1 25 | $6.1B | — | ||
| Q4 24 | $5.0B | — | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $5.0B | — |
股东权益ARMKCDW
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $2.6B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $3.0B | $2.3B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $3.0B | $2.3B | ||
| Q2 24 | $2.9B | $2.2B |
总资产ARMKCDW
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $16.0B | ||
| Q3 25 | — | $15.2B | ||
| Q2 25 | $13.3B | $15.3B | ||
| Q1 25 | $13.5B | $15.0B | ||
| Q4 24 | $12.7B | $14.7B | ||
| Q3 24 | $12.7B | $14.4B | ||
| Q2 24 | $12.5B | $13.6B |
负债/权益比ARMKCDW
| Q1 26 | 1.94× | — | ||
| Q4 25 | 1.71× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 2.03× | — | ||
| Q1 25 | 2.02× | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | 1.42× | — | ||
| Q2 24 | 1.71× | — |
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 | $-782.2M | $433.8M |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $395.9M |
| 自由现金流率自由现金流/营收 | -18.7% | 7.2% |
| 资本支出强度资本支出/营收 | 2.5% | 0.7% |
| 现金转化率经营现金流/净利润 | -8.13× | — |
| 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ARMKCDW
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $433.8M | ||
| Q3 25 | — | $328.3M | ||
| Q2 25 | $76.7M | $155.9M | ||
| Q1 25 | $255.9M | $287.2M | ||
| Q4 24 | $-587.2M | $345.3M | ||
| Q3 24 | $1.0B | $342.1M | ||
| Q2 24 | $140.7M | $149.9M |
自由现金流ARMKCDW
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | $395.9M | ||
| Q3 25 | — | $298.5M | ||
| Q2 25 | $-34.7M | $133.4M | ||
| Q1 25 | $140.1M | $260.3M | ||
| Q4 24 | $-707.0M | $316.7M | ||
| Q3 24 | $882.3M | $308.5M | ||
| Q2 24 | $55.6M | $119.0M |
自由现金流率ARMKCDW
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 5.2% | ||
| Q2 25 | -0.8% | 2.2% | ||
| Q1 25 | 3.3% | 5.0% | ||
| Q4 24 | -15.5% | 6.1% | ||
| Q3 24 | 20.0% | 5.6% | ||
| Q2 24 | 1.3% | 2.2% |
资本支出强度ARMKCDW
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 0.7% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | 2.4% | 0.4% | ||
| Q1 25 | 2.7% | 0.5% | ||
| Q4 24 | 2.6% | 0.6% | ||
| Q3 24 | 3.2% | 0.6% | ||
| Q2 24 | 1.9% | 0.6% |
现金转化率ARMKCDW
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.13× | ||
| Q2 25 | 1.07× | 0.57× | ||
| Q1 25 | 4.14× | 1.28× | ||
| Q4 24 | -5.56× | — | ||
| Q3 24 | 8.35× | 1.08× | ||
| Q2 24 | 2.42× | 0.53× |
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
ARMK
| Education | $1.1B | 22% |
| Sports Leisure Corrections | $961.2M | 20% |
| Food And Support Services International | $847.8M | 18% |
| Other | $621.6M | 13% |
| Businessand Industry | $510.6M | 11% |
| Health Care | $421.3M | 9% |
| Facility Services | $382.9M | 8% |
CDW
暂无分部数据
