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爱玛客（ARMK）与标普全球（VG）财务数据对比。点击上方公司名可切换其他公司
爱玛客的季度营收约是标普全球的1.1倍（$4.8B vs $4.4B），标普全球净利率更高（26.8% vs 2.0%，领先24.8%），标普全球同比增速更快（191.7% vs 6.1%），爱玛客自由现金流更多（$-904.4M vs $-1.5B），过去两年标普全球的营收复合增速更高（77.3% vs 7.3%）
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。
标普全球是总部位于美国纽约曼哈顿的上市企业，核心业务涵盖金融信息与数据分析、能源及大宗商品情报服务，旗下拥有标普全球评级、标普全球能源、标普全球市场财智、印度信用评级机构CRISIL等子品牌，同时是标普道琼斯指数合资公司的控股股东。
ARMK vs VG — 直观对比
营收规模更大
ARMK
是对方的1.1倍
$4.4B
营收增速更快
VG
高出185.5%
6.1%
净利率更高
VG
高出24.8%
2.0%
自由现金流更多
ARMK
多$609.6M
$-1.5B
两年增速更快
VG
近两年复合增速
7.3%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $4.8B | $4.4B |
| 净利润 | $96.2M | $1.2B |
| 毛利率 | — | — |
| 营业利润率 | 4.5% | 38.7% |
| 净利率 | 2.0% | 26.8% |
| 营收同比 | 6.1% | 191.7% |
| 净利润同比 | -9.0% | 20.3% |
| 每股收益（稀释后） | $0.36 | $0.41 |
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ARMKVG
| Q1 26 | $4.8B | — | ||
| Q4 25 | $5.0B | $4.4B | ||
| Q3 25 | — | $3.3B | ||
| Q2 25 | $4.6B | $3.1B | ||
| Q1 25 | $4.3B | $2.9B | ||
| Q4 24 | $4.6B | $1.5B | ||
| Q3 24 | $4.4B | $926.0M | ||
| Q2 24 | $4.4B | $1.1B |
净利润ARMKVG
| Q1 26 | $96.2M | — | ||
| Q4 25 | $87.1M | $1.2B | ||
| Q3 25 | — | $550.0M | ||
| Q2 25 | $71.8M | $475.0M | ||
| Q1 25 | $61.9M | $517.0M | ||
| Q4 24 | $105.6M | $990.0M | ||
| Q3 24 | $122.4M | $-294.0M | ||
| Q2 24 | $58.1M | $352.0M |
营业利润率ARMKVG
| Q1 26 | 4.5% | — | ||
| Q4 25 | 4.3% | 38.7% | ||
| Q3 25 | — | 39.7% | ||
| Q2 25 | 3.9% | 33.5% | ||
| Q1 25 | 4.1% | 37.3% | ||
| Q4 24 | 4.8% | 39.0% | ||
| Q3 24 | 5.0% | 20.4% | ||
| Q2 24 | 3.7% | 32.8% |
净利率ARMKVG
| Q1 26 | 2.0% | — | ||
| Q4 25 | 1.7% | 26.8% | ||
| Q3 25 | — | 16.5% | ||
| Q2 25 | 1.6% | 15.3% | ||
| Q1 25 | 1.4% | 17.9% | ||
| Q4 24 | 2.3% | 65.0% | ||
| Q3 24 | 2.8% | -31.7% | ||
| Q2 24 | 1.3% | 31.8% |
每股收益（稀释后）ARMKVG
| Q1 26 | $0.36 | — | ||
| Q4 25 | $0.33 | $0.41 | ||
| Q3 25 | — | $0.16 | ||
| Q2 25 | $0.27 | $0.14 | ||
| Q1 25 | $0.23 | $0.15 | ||
| Q4 24 | $0.39 | $0.35 | ||
| Q3 24 | $0.46 | $-0.15 | ||
| Q2 24 | $0.22 | $0.12 |
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 | $2.4B |
| 总债务越低越好 | $6.2B | $34.2B |
| 股东权益账面价值 | $3.2B | $6.7B |
| 总资产 | $13.5B | $53.4B |
| 负债/权益比越低杠杆越低 | 1.94× | 5.07× |
8季度趋势，按日历期对齐
现金及短期投资ARMKVG
| Q1 26 | $439.6M | — | ||
| Q4 25 | $639.1M | $2.4B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $501.5M | $2.2B | ||
| Q1 25 | $920.5M | $3.6B | ||
| Q4 24 | $484.1M | $3.6B | ||
| Q3 24 | $672.5M | — | ||
| Q2 24 | $436.1M | — |
总债务ARMKVG
| Q1 26 | $6.2B | — | ||
| Q4 25 | $5.4B | $34.2B | ||
| Q3 25 | — | $32.6B | ||
| Q2 25 | $6.3B | $30.0B | ||
| Q1 25 | $6.1B | $29.3B | ||
| Q4 24 | $5.0B | $29.3B | ||
| Q3 24 | $4.3B | — | ||
| Q2 24 | $5.0B | — |
股东权益ARMKVG
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.1B | $6.7B | ||
| Q3 25 | — | $5.7B | ||
| Q2 25 | $3.1B | $5.3B | ||
| Q1 25 | $3.0B | $4.9B | ||
| Q4 24 | $3.1B | $2.9B | ||
| Q3 24 | $3.0B | — | ||
| Q2 24 | $2.9B | — |
总资产ARMKVG
| Q1 26 | $13.5B | — | ||
| Q4 25 | $13.3B | $53.4B | ||
| Q3 25 | — | $50.1B | ||
| Q2 25 | $13.3B | $46.5B | ||
| Q1 25 | $13.5B | $45.1B | ||
| Q4 24 | $12.7B | $43.5B | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.5B | — |
负债/权益比ARMKVG
| Q1 26 | 1.94× | — | ||
| Q4 25 | 1.71× | 5.07× | ||
| Q3 25 | — | 5.73× | ||
| Q2 25 | 2.03× | 5.69× | ||
| Q1 25 | 2.02× | 6.01× | ||
| Q4 24 | 1.61× | 10.11× | ||
| 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 | $2.1B |
| 自由现金流经营现金流 - 资本支出 | $-904.4M | $-1.5B |
| 自由现金流率自由现金流/营收 | -18.7% | -34.1% |
| 资本支出强度资本支出/营收 | 2.5% | 81.6% |
| 现金转化率经营现金流/净利润 | -8.13× | 1.77× |
| 过去12个月自由现金流最近4个季度 | — | $-6.8B |
8季度趋势，按日历期对齐
经营现金流ARMKVG
| Q1 26 | $-782.2M | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | $76.7M | $1.5B | ||
| Q1 25 | $255.9M | $1.1B | ||
| Q4 24 | $-587.2M | — | ||
| Q3 24 | $1.0B | — | ||
| Q2 24 | $140.7M | — |
自由现金流ARMKVG
| Q1 26 | $-904.4M | — | ||
| Q4 25 | — | $-1.5B | ||
| Q3 25 | — | $-1.4B | ||
| Q2 25 | $-34.7M | $-1.5B | ||
| Q1 25 | $140.1M | $-2.4B | ||
| Q4 24 | $-707.0M | — | ||
| Q3 24 | $882.3M | — | ||
| Q2 24 | $55.6M | — |
自由现金流率ARMKVG
| Q1 26 | -18.7% | — | ||
| Q4 25 | — | -34.1% | ||
| Q3 25 | — | -42.4% | ||
| Q2 25 | -0.8% | -49.1% | ||
| Q1 25 | 3.3% | -81.3% | ||
| Q4 24 | -15.5% | — | ||
| Q3 24 | 20.0% | — | ||
| Q2 24 | 1.3% | — |
资本支出强度ARMKVG
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.8% | 81.6% | ||
| Q3 25 | — | 98.9% | ||
| Q2 25 | 2.4% | 96.1% | ||
| Q1 25 | 2.7% | 119.8% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 3.2% | — | ||
| Q2 24 | 1.9% | — |
现金转化率ARMKVG
| Q1 26 | -8.13× | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 3.42× | ||
| Q2 25 | 1.07× | 3.07× | ||
| Q1 25 | 4.14× | 2.15× | ||
| Q4 24 | -5.56× | — | ||
| Q3 24 | 8.35× | — | ||
| Q2 24 | 2.42× | — |
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
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% |
VG
| Plaquemines Project Segment | $3.4B | 76% |
| Calcasieu Project Segment | $841.0M | 19% |
| Other | $208.0M | 5% |
