vs
艾睿电子（ARW）与酷澎（CPNG）财务数据对比。点击上方公司名可切换其他公司
酷澎的季度营收约是艾睿电子的1.0倍（$8.8B vs $8.7B），艾睿电子净利率更高（2.2% vs -0.3%，领先2.5%），艾睿电子同比增速更快（20.1% vs 10.9%），艾睿电子自由现金流更多（$172.6M vs $-278.0M），过去两年艾睿电子的营收复合增速更高（12.4% vs 11.4%）
艾睿电子是总部位于美国科罗拉多州森特纳尼尔的企业，为全球客户提供电子元器件与企业计算产品，面向原始设备制造商、增值经销商、合同制造商等商业客户提供分销及增值服务，位列美国财富500强第154位。
酷澎（Coupang, Inc.）是2010年由金范锡创立的科技与线上零售企业，注册地为美国特拉华州，总部设于华盛顿州西雅图。公司核心业务覆盖电商零售、食品配送及OTT流媒体服务，业务布局及办公网点遍及韩国、中国台湾、美国、印度、日本、新加坡等多个国家和地区。
ARW vs CPNG — 直观对比
营收规模更大
CPNG
是对方的1.0倍
$8.7B
营收增速更快
ARW
高出9.2%
10.9%
净利率更高
ARW
高出2.5%
-0.3%
自由现金流更多
ARW
多$450.6M
$-278.0M
两年增速更快
ARW
近两年复合增速
11.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.7B | $8.8B |
| 净利润 | $194.6M | $-26.0M |
| 毛利率 | 11.5% | 28.8% |
| 营业利润率 | 3.4% | 0.1% |
| 净利率 | 2.2% | -0.3% |
| 营收同比 | 20.1% | 10.9% |
| 净利润同比 | 96.2% | -116.7% |
| 每股收益（稀释后） | $3.74 | $-0.02 |
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ARWCPNG
| Q4 25 | $8.7B | $8.8B | ||
| Q3 25 | $7.7B | $9.3B | ||
| Q2 25 | $7.6B | $8.5B | ||
| Q1 25 | $6.8B | $7.9B | ||
| Q4 24 | $7.3B | $8.0B | ||
| Q3 24 | $6.8B | $7.9B | ||
| Q2 24 | $6.9B | $7.3B | ||
| Q1 24 | $6.9B | $7.1B |
净利润ARWCPNG
| Q4 25 | $194.6M | $-26.0M | ||
| Q3 25 | $109.2M | $95.0M | ||
| Q2 25 | $187.7M | $32.0M | ||
| Q1 25 | $79.7M | $107.0M | ||
| Q4 24 | $99.2M | $156.0M | ||
| Q3 24 | $100.6M | $70.0M | ||
| Q2 24 | $108.7M | $-77.0M | ||
| Q1 24 | $83.6M | $5.0M |
毛利率ARWCPNG
| Q4 25 | 11.5% | 28.8% | ||
| Q3 25 | 10.8% | 29.4% | ||
| Q2 25 | 11.2% | 30.0% | ||
| Q1 25 | 11.4% | 29.3% | ||
| Q4 24 | 11.0% | 31.3% | ||
| Q3 24 | 11.5% | 28.8% | ||
| Q2 24 | 12.3% | 29.3% | ||
| Q1 24 | 12.4% | 27.1% |
营业利润率ARWCPNG
| Q4 25 | 3.4% | 0.1% | ||
| Q3 25 | 2.3% | 1.7% | ||
| Q2 25 | 2.5% | 1.7% | ||
| Q1 25 | 2.3% | 1.9% | ||
| Q4 24 | 2.7% | 3.9% | ||
| Q3 24 | 2.6% | 1.4% | ||
| Q2 24 | 3.1% | -0.3% | ||
| Q1 24 | 2.7% | 0.6% |
净利率ARWCPNG
| Q4 25 | 2.2% | -0.3% | ||
| Q3 25 | 1.4% | 1.0% | ||
| Q2 25 | 2.5% | 0.4% | ||
| Q1 25 | 1.2% | 1.4% | ||
| Q4 24 | 1.4% | 2.0% | ||
| Q3 24 | 1.5% | 0.9% | ||
| Q2 24 | 1.6% | -1.1% | ||
| Q1 24 | 1.2% | 0.1% |
每股收益（稀释后）ARWCPNG
| Q4 25 | $3.74 | $-0.02 | ||
| Q3 25 | $2.09 | $0.05 | ||
| Q2 25 | $3.59 | $0.02 | ||
| Q1 25 | $1.51 | $0.06 | ||
| Q4 24 | $1.87 | $0.08 | ||
| Q3 24 | $1.88 | $0.04 | ||
| Q2 24 | $2.01 | $-0.04 | ||
| Q1 24 | $1.53 | $0.00 |
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 | $306.5M | $6.3B |
| 总债务越低越好 | — | $648.0M |
| 股东权益账面价值 | $6.6B | $4.6B |
| 总资产 | $29.1B | $17.8B |
| 负债/权益比越低杠杆越低 | — | 0.14× |
8季度趋势，按日历期对齐
现金及短期投资ARWCPNG
| Q4 25 | $306.5M | $6.3B | ||
| Q3 25 | $213.6M | $7.2B | ||
| Q2 25 | $222.0M | $6.8B | ||
| Q1 25 | $231.9M | $6.1B | ||
| Q4 24 | $188.8M | $5.9B | ||
| Q3 24 | $248.0M | $5.8B | ||
| Q2 24 | $213.0M | $5.5B | ||
| Q1 24 | $242.8M | $5.2B |
总债务ARWCPNG
| Q4 25 | — | $648.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益ARWCPNG
| Q4 25 | $6.6B | $4.6B | ||
| Q3 25 | $6.4B | $4.7B | ||
| Q2 25 | $6.3B | $4.7B | ||
| Q1 25 | $5.9B | $4.4B | ||
| Q4 24 | $5.8B | $4.1B | ||
| Q3 24 | $6.0B | $4.2B | ||
| Q2 24 | $5.7B | $3.9B | ||
| Q1 24 | $5.7B | $4.1B |
总资产ARWCPNG
| Q4 25 | $29.1B | $17.8B | ||
| Q3 25 | $24.5B | $18.7B | ||
| Q2 25 | $24.3B | $17.8B | ||
| Q1 25 | $21.4B | $16.0B | ||
| Q4 24 | $21.8B | $15.3B | ||
| Q3 24 | $20.9B | $16.3B | ||
| Q2 24 | $20.1B | $15.2B | ||
| Q1 24 | $20.3B | $14.9B |
负债/权益比ARWCPNG
| Q4 25 | — | 0.14× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.24× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $199.9M | $82.0M |
| 自由现金流经营现金流 - 资本支出 | $172.6M | $-278.0M |
| 自由现金流率自由现金流/营收 | 2.0% | -3.1% |
| 资本支出强度资本支出/营收 | 0.3% | 4.1% |
| 现金转化率经营现金流/净利润 | 1.03× | — |
| 过去12个月自由现金流最近4个季度 | $-37.2M | $522.0M |
8季度趋势，按日历期对齐
经营现金流ARWCPNG
| Q4 25 | $199.9M | $82.0M | ||
| Q3 25 | $-281.7M | $792.0M | ||
| Q2 25 | $-205.9M | $545.0M | ||
| Q1 25 | $351.7M | $354.0M | ||
| Q4 24 | $326.5M | $676.0M | ||
| Q3 24 | $80.6M | $334.0M | ||
| Q2 24 | $320.2M | $664.0M | ||
| Q1 24 | $403.2M | $212.0M |
自由现金流ARWCPNG
| Q4 25 | $172.6M | $-278.0M | ||
| Q3 25 | $-312.0M | $439.0M | ||
| Q2 25 | $-224.5M | $246.0M | ||
| Q1 25 | $326.7M | $115.0M | ||
| Q4 24 | $303.9M | $462.0M | ||
| Q3 24 | $62.0M | $-46.0M | ||
| Q2 24 | $298.1M | $486.0M | ||
| Q1 24 | $373.7M | $105.0M |
自由现金流率ARWCPNG
| Q4 25 | 2.0% | -3.1% | ||
| Q3 25 | -4.0% | 4.7% | ||
| Q2 25 | -3.0% | 2.9% | ||
| Q1 25 | 4.8% | 1.5% | ||
| Q4 24 | 4.2% | 5.8% | ||
| Q3 24 | 0.9% | -0.6% | ||
| Q2 24 | 4.3% | 6.6% | ||
| Q1 24 | 5.4% | 1.5% |
资本支出强度ARWCPNG
| Q4 25 | 0.3% | 4.1% | ||
| Q3 25 | 0.4% | 3.8% | ||
| Q2 25 | 0.2% | 3.5% | ||
| Q1 25 | 0.4% | 3.0% | ||
| Q4 24 | 0.3% | 2.7% | ||
| Q3 24 | 0.3% | 4.8% | ||
| Q2 24 | 0.3% | 2.4% | ||
| Q1 24 | 0.4% | 1.5% |
现金转化率ARWCPNG
| Q4 25 | 1.03× | — | ||
| Q3 25 | -2.58× | 8.34× | ||
| Q2 25 | -1.10× | 17.03× | ||
| Q1 25 | 4.41× | 3.31× | ||
| Q4 24 | 3.29× | 4.33× | ||
| Q3 24 | 0.80× | 4.77× | ||
| Q2 24 | 2.95× | — | ||
| Q1 24 | 4.82× | 42.40× |
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
ARW
暂无分部数据
CPNG
| Products | $6.6B | 75% |
| Third Party Merchant Services | $1.9B | 22% |
| Service Other | $296.0M | 3% |
