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美国运通（AXP）与伟创力（FLEX）财务数据对比。点击上方公司名可切换其他公司
美国运通的季度营收约是伟创力的2.5倍（$18.9B vs $7.5B），美国运通净利率更高（15.7% vs 3.3%，领先12.4%），伟创力同比增速更快（16.9% vs 11.4%），过去两年美国运通的营收复合增速更高（38.8% vs 8.8%）
美国运通是全球知名的支付服务提供商，主营签账卡、信用卡产品及旅行相关服务，下设全球消费者服务、全球商业服务、全球商户与网络服务三大业务板块，还提供支付融资、网络服务、应付账款费用管理、旅行生活服务等多元解决方案。
伟创力（Flex Ltd.）是一家拥有新加坡与美国背景的跨国制造企业，按营收计算为全球第三大电子制造服务（EMS）及原始设计制造商（ODM），仅次于和硕。其美国总部位于得克萨斯州奥斯汀，在30多个国家设有生产基地，员工总数约17.2万人。
AXP vs FLEX — 直观对比
营收规模更大
AXP
是对方的2.5倍
$7.5B
营收增速更快
FLEX
高出5.4%
11.4%
净利率更高
AXP
高出12.4%
3.3%
两年增速更快
AXP
近两年复合增速
8.8%
损益表 — Q1 FY2026 vs Q4 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $18.9B | $7.5B |
| 净利润 | $3.0B | $250.0M |
| 毛利率 | — | 9.4% |
| 营业利润率 | — | 5.0% |
| 净利率 | 15.7% | 3.3% |
| 营收同比 | 11.4% | 16.9% |
| 净利润同比 | 15.0% | 12.6% |
| 每股收益（稀释后） | $4.28 | $0.67 |
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AXPFLEX
| Q1 26 | $18.9B | $7.5B | ||
| Q4 25 | $10.9B | $7.1B | ||
| Q3 25 | $10.4B | $6.8B | ||
| Q2 25 | $10.3B | $6.6B | ||
| Q1 25 | $9.6B | $6.4B | ||
| Q4 24 | $10.0B | $6.6B | ||
| Q3 24 | $9.7B | $6.5B | ||
| Q2 24 | $9.8B | $6.3B |
净利润AXPFLEX
| Q1 26 | $3.0B | $250.0M | ||
| Q4 25 | $2.5B | $239.0M | ||
| Q3 25 | $2.9B | $199.0M | ||
| Q2 25 | $2.9B | $192.0M | ||
| Q1 25 | $2.6B | $222.0M | ||
| Q4 24 | $2.2B | $263.0M | ||
| Q3 24 | $2.5B | $214.0M | ||
| Q2 24 | $3.0B | $139.0M |
毛利率AXPFLEX
| Q1 26 | — | 9.4% | ||
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 9.0% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 8.8% | ||
| Q4 24 | — | 9.1% | ||
| Q3 24 | — | 8.1% | ||
| Q2 24 | — | 7.5% |
营业利润率AXPFLEX
| Q1 26 | — | 5.0% | ||
| Q4 25 | 28.2% | 5.5% | ||
| Q3 25 | 36.7% | 4.4% | ||
| Q2 25 | 34.4% | 4.7% | ||
| Q1 25 | 34.6% | 4.8% | ||
| Q4 24 | 27.7% | 5.1% | ||
| Q3 24 | 33.0% | 4.5% | ||
| Q2 24 | 38.6% | 3.7% |
净利率AXPFLEX
| Q1 26 | 15.7% | 3.3% | ||
| Q4 25 | 22.5% | 3.4% | ||
| Q3 25 | 27.9% | 2.9% | ||
| Q2 25 | 28.0% | 2.9% | ||
| Q1 25 | 26.8% | 3.5% | ||
| Q4 24 | 21.8% | 4.0% | ||
| Q3 24 | 25.8% | 3.3% | ||
| Q2 24 | 30.7% | 2.2% |
每股收益（稀释后）AXPFLEX
| Q1 26 | $4.28 | $0.67 | ||
| Q4 25 | $3.52 | $0.64 | ||
| Q3 25 | $4.14 | $0.52 | ||
| Q2 25 | $4.08 | $0.50 | ||
| Q1 25 | $3.64 | $0.56 | ||
| Q4 24 | $3.04 | $0.67 | ||
| Q3 24 | $3.49 | $0.54 | ||
| Q2 24 | $4.15 | $0.34 |
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 | — | $2.4B |
| 总债务越低越好 | $60.4M | $3.8B |
| 股东权益账面价值 | $34.0M | $5.1B |
| 总资产 | $308.9M | $22.1B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.73× |
8季度趋势，按日历期对齐
现金及短期投资AXPFLEX
| Q1 26 | — | $2.4B | ||
| Q4 25 | $742.0M | $3.1B | ||
| Q3 25 | $1.3B | $2.2B | ||
| Q2 25 | $197.0M | $2.2B | ||
| Q1 25 | $261.0M | $2.3B | ||
| Q4 24 | $221.0M | $2.3B | ||
| Q3 24 | $120.0M | $2.6B | ||
| Q2 24 | $188.0M | $2.2B |
总债务AXPFLEX
| Q1 26 | $60.4M | $3.8B | ||
| Q4 25 | $56.4B | $4.4B | ||
| Q3 25 | $57.8B | $3.7B | ||
| Q2 25 | $58.2B | $3.7B | ||
| Q1 25 | $51.2B | $3.7B | ||
| Q4 24 | $49.7B | $3.7B | ||
| Q3 24 | $53.5B | $3.7B | ||
| Q2 24 | $51.5B | $3.2B |
股东权益AXPFLEX
| Q1 26 | $34.0M | $5.1B | ||
| Q4 25 | $33.5B | $5.1B | ||
| Q3 25 | $32.4B | $5.0B | ||
| Q2 25 | $32.3B | $5.1B | ||
| Q1 25 | $31.2B | $5.0B | ||
| Q4 24 | $30.3B | $5.0B | ||
| Q3 24 | $29.7B | $5.0B | ||
| Q2 24 | $29.5B | $5.0B |
总资产AXPFLEX
| Q1 26 | $308.9M | $22.1B | ||
| Q4 25 | $300.1B | $20.8B | ||
| Q3 25 | $297.6B | $19.5B | ||
| Q2 25 | $295.6B | $19.1B | ||
| Q1 25 | $282.2B | $18.4B | ||
| Q4 24 | $271.5B | $18.3B | ||
| Q3 24 | $271.0B | $18.6B | ||
| Q2 24 | $272.2B | $17.7B |
负债/权益比AXPFLEX
| Q1 26 | 1.78× | 0.73× | ||
| Q4 25 | 1.68× | 0.87× | ||
| Q3 25 | 1.78× | 0.73× | ||
| Q2 25 | 1.80× | 0.72× | ||
| Q1 25 | 1.64× | 0.74× | ||
| Q4 24 | 1.64× | 0.74× | ||
| Q3 24 | 1.80× | 0.74× | ||
| Q2 24 | 1.74× | 0.64× |
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 | — | $413.0M |
| 自由现金流经营现金流 - 资本支出 | — | $212.0M |
| 自由现金流率自由现金流/营收 | — | 2.8% |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 1.65× |
| 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AXPFLEX
| Q1 26 | — | $413.0M | ||
| Q4 25 | $3.1B | $420.0M | ||
| Q3 25 | $6.2B | $453.0M | ||
| Q2 25 | $4.4B | $399.0M | ||
| Q1 25 | $4.8B | $433.0M | ||
| Q4 24 | $5.8B | $413.0M | ||
| Q3 24 | $-1.8B | $319.0M | ||
| Q2 24 | $4.5B | $340.0M |
自由现金流AXPFLEX
| Q1 26 | — | $212.0M | ||
| Q4 25 | $2.3B | $272.0M | ||
| Q3 25 | $5.6B | $303.0M | ||
| Q2 25 | $3.7B | $266.0M | ||
| Q1 25 | $4.3B | $321.0M | ||
| Q4 24 | $5.3B | $301.0M | ||
| Q3 24 | $-2.3B | $216.0M | ||
| Q2 24 | $4.0B | $229.0M |
自由现金流率AXPFLEX
| Q1 26 | — | 2.8% | ||
| Q4 25 | 21.4% | 3.9% | ||
| Q3 25 | 53.6% | 4.5% | ||
| Q2 25 | 36.3% | 4.0% | ||
| Q1 25 | 45.0% | 5.0% | ||
| Q4 24 | 53.1% | 4.6% | ||
| Q3 24 | -23.3% | 3.3% | ||
| Q2 24 | 40.4% | 3.6% |
资本支出强度AXPFLEX
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 2.1% | ||
| Q3 25 | 6.3% | 2.2% | ||
| Q2 25 | 6.0% | 2.0% | ||
| Q1 25 | 4.5% | 1.8% | ||
| Q4 24 | 5.0% | 1.7% | ||
| Q3 24 | 4.7% | 1.6% | ||
| Q2 24 | 5.8% | 1.8% |
现金转化率AXPFLEX
| Q1 26 | — | 1.65× | ||
| Q4 25 | 1.25× | 1.76× | ||
| Q3 25 | 2.15× | 2.28× | ||
| Q2 25 | 1.51× | 2.08× | ||
| Q1 25 | 1.84× | 1.95× | ||
| Q4 24 | 2.66× | 1.57× | ||
| Q3 24 | -0.72× | 1.49× | ||
| Q2 24 | 1.50× | 2.45× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
