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艾睿电子（ARW）与贝宝（PYPL）财务数据对比。点击上方公司名可切换其他公司
艾睿电子的季度营收约是贝宝的1.0倍（$8.7B vs $8.7B），贝宝净利率更高（16.6% vs 2.2%，领先14.3%），艾睿电子同比增速更快（20.1% vs 3.7%），贝宝自由现金流更多（$2.2B vs $172.6M），过去两年艾睿电子的营收复合增速更高（12.4% vs 6.2%）
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。
贝宝控股（PayPal Holdings, Inc.）是美国跨国金融科技企业，在全球多数支持线上转账的国家运营在线支付系统，可作为支票、汇票等传统纸质支付方式的电子替代选项，同时为线上商户、拍卖网站及各类商业用户提供支付处理服务。
ARW vs PYPL — 直观对比
营收规模更大
ARW
是对方的1.0倍
$8.7B
营收增速更快
ARW
高出16.4%
3.7%
净利率更高
PYPL
高出14.3%
2.2%
自由现金流更多
PYPL
多$2.0B
$172.6M
两年增速更快
ARW
近两年复合增速
6.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $8.7B | $8.7B |
| 净利润 | $194.6M | $1.4B |
| 毛利率 | 11.5% | — |
| 营业利润率 | 3.4% | 17.4% |
| 净利率 | 2.2% | 16.6% |
| 营收同比 | 20.1% | 3.7% |
| 净利润同比 | 96.2% | 28.2% |
| 每股收益（稀释后） | $3.74 | $1.53 |
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ARWPYPL
| Q4 25 | $8.7B | $8.7B | ||
| Q3 25 | $7.7B | $8.4B | ||
| Q2 25 | $7.6B | $8.3B | ||
| Q1 25 | $6.8B | $7.8B | ||
| Q4 24 | $7.3B | $8.4B | ||
| Q3 24 | $6.8B | $7.8B | ||
| Q2 24 | $6.9B | $7.9B | ||
| Q1 24 | $6.9B | $7.7B |
净利润ARWPYPL
| Q4 25 | $194.6M | $1.4B | ||
| Q3 25 | $109.2M | $1.2B | ||
| Q2 25 | $187.7M | $1.3B | ||
| Q1 25 | $79.7M | $1.3B | ||
| Q4 24 | $99.2M | $1.1B | ||
| Q3 24 | $100.6M | $1.0B | ||
| Q2 24 | $108.7M | $1.1B | ||
| Q1 24 | $83.6M | $888.0M |
毛利率ARWPYPL
| Q4 25 | 11.5% | — | ||
| Q3 25 | 10.8% | — | ||
| Q2 25 | 11.2% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 11.0% | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
营业利润率ARWPYPL
| Q4 25 | 3.4% | 17.4% | ||
| Q3 25 | 2.3% | 18.1% | ||
| Q2 25 | 2.5% | 18.1% | ||
| Q1 25 | 2.3% | 19.6% | ||
| Q4 24 | 2.7% | 17.2% | ||
| Q3 24 | 2.6% | 17.7% | ||
| Q2 24 | 3.1% | 16.8% | ||
| Q1 24 | 2.7% | 15.2% |
净利率ARWPYPL
| Q4 25 | 2.2% | 16.6% | ||
| Q3 25 | 1.4% | 14.8% | ||
| Q2 25 | 2.5% | 15.2% | ||
| Q1 25 | 1.2% | 16.5% | ||
| Q4 24 | 1.4% | 13.4% | ||
| Q3 24 | 1.5% | 12.9% | ||
| Q2 24 | 1.6% | 14.3% | ||
| Q1 24 | 1.2% | 11.5% |
每股收益（稀释后）ARWPYPL
| Q4 25 | $3.74 | $1.53 | ||
| Q3 25 | $2.09 | $1.30 | ||
| Q2 25 | $3.59 | $1.29 | ||
| Q1 25 | $1.51 | $1.29 | ||
| Q4 24 | $1.87 | $1.09 | ||
| Q3 24 | $1.88 | $0.99 | ||
| Q2 24 | $2.01 | $1.08 | ||
| Q1 24 | $1.53 | $0.83 |
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 | $10.4B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $6.6B | $20.3B |
| 总资产 | $29.1B | $80.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资ARWPYPL
| Q4 25 | $306.5M | $10.4B | ||
| Q3 25 | $213.6M | $10.8B | ||
| Q2 25 | $222.0M | $10.0B | ||
| Q1 25 | $231.9M | $11.2B | ||
| Q4 24 | $188.8M | $10.8B | ||
| Q3 24 | $248.0M | $11.9B | ||
| Q2 24 | $213.0M | $13.6B | ||
| Q1 24 | $242.8M | $14.3B |
股东权益ARWPYPL
| Q4 25 | $6.6B | $20.3B | ||
| Q3 25 | $6.4B | $20.2B | ||
| Q2 25 | $6.3B | $20.2B | ||
| Q1 25 | $5.9B | $20.3B | ||
| Q4 24 | $5.8B | $20.4B | ||
| Q3 24 | $6.0B | $20.2B | ||
| Q2 24 | $5.7B | $20.6B | ||
| Q1 24 | $5.7B | $20.7B |
总资产ARWPYPL
| Q4 25 | $29.1B | $80.2B | ||
| Q3 25 | $24.5B | $79.8B | ||
| Q2 25 | $24.3B | $79.8B | ||
| Q1 25 | $21.4B | $81.3B | ||
| Q4 24 | $21.8B | $81.6B | ||
| Q3 24 | $20.9B | $83.5B | ||
| Q2 24 | $20.1B | $84.0B | ||
| Q1 24 | $20.3B | $83.3B |
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 | $2.4B |
| 自由现金流经营现金流 - 资本支出 | $172.6M | $2.2B |
| 自由现金流率自由现金流/营收 | 2.0% | 25.2% |
| 资本支出强度资本支出/营收 | 0.3% | 2.2% |
| 现金转化率经营现金流/净利润 | 1.03× | 1.66× |
| 过去12个月自由现金流最近4个季度 | $-37.2M | $5.6B |
8季度趋势，按日历期对齐
经营现金流ARWPYPL
| Q4 25 | $199.9M | $2.4B | ||
| Q3 25 | $-281.7M | $2.0B | ||
| Q2 25 | $-205.9M | $898.0M | ||
| Q1 25 | $351.7M | $1.2B | ||
| Q4 24 | $326.5M | $2.4B | ||
| Q3 24 | $80.6M | $1.6B | ||
| Q2 24 | $320.2M | $1.5B | ||
| Q1 24 | $403.2M | $1.9B |
自由现金流ARWPYPL
| Q4 25 | $172.6M | $2.2B | ||
| Q3 25 | $-312.0M | $1.7B | ||
| Q2 25 | $-224.5M | $692.0M | ||
| Q1 25 | $326.7M | $964.0M | ||
| Q4 24 | $303.9M | $2.2B | ||
| Q3 24 | $62.0M | $1.4B | ||
| Q2 24 | $298.1M | $1.4B | ||
| Q1 24 | $373.7M | $1.8B |
自由现金流率ARWPYPL
| Q4 25 | 2.0% | 25.2% | ||
| Q3 25 | -4.0% | 20.4% | ||
| Q2 25 | -3.0% | 8.3% | ||
| Q1 25 | 4.8% | 12.4% | ||
| Q4 24 | 4.2% | 26.2% | ||
| Q3 24 | 0.9% | 18.4% | ||
| Q2 24 | 4.3% | 17.3% | ||
| Q1 24 | 5.4% | 22.9% |
资本支出强度ARWPYPL
| Q4 25 | 0.3% | 2.2% | ||
| Q3 25 | 0.4% | 3.0% | ||
| Q2 25 | 0.2% | 2.5% | ||
| Q1 25 | 0.4% | 2.5% | ||
| Q4 24 | 0.3% | 2.4% | ||
| Q3 24 | 0.3% | 2.2% | ||
| Q2 24 | 0.3% | 2.0% | ||
| Q1 24 | 0.4% | 2.0% |
现金转化率ARWPYPL
| Q4 25 | 1.03× | 1.66× | ||
| Q3 25 | -2.58× | 1.58× | ||
| Q2 25 | -1.10× | 0.71× | ||
| Q1 25 | 4.41× | 0.90× | ||
| Q4 24 | 3.29× | 2.14× | ||
| Q3 24 | 0.80× | 1.60× | ||
| Q2 24 | 2.95× | 1.35× | ||
| Q1 24 | 4.82× | 2.16× |
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
PYPL
| US | $4.9B | 57% |
| Non Us | $3.7B | 43% |
