vs
美国运通（AXP）与林德（LIN）财务数据对比。点击上方公司名可切换其他公司
林德的季度营收约是美国运通的463.5倍（$8.8B vs $18.9M），林德净利率更高（17.5% vs 15.7%，领先1.7%），美国运通同比增速更快（11.4% vs 5.8%），过去两年林德的营收复合增速更高（4.0% vs -95.6%）
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。
林德是全球知名跨国化工企业，按市场份额及营收计为全球最大工业气体供应商。公司1879年由德国科学家、工程师卡尔·冯·林德在德国威斯巴登创立，现总部位于英国沃金，在爱尔兰注册，2018年由原林德股份公司与1907年在美国成立的普莱克斯合并组建。
AXP vs LIN — 直观对比
营收规模更大
LIN
是对方的463.5倍
$18.9M
营收增速更快
AXP
高出5.6%
5.8%
净利率更高
LIN
高出1.7%
15.7%
两年增速更快
LIN
近两年复合增速
-95.6%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $18.9M | $8.8B |
| 净利润 | $3.0M | $1.5B |
| 毛利率 | — | — |
| 营业利润率 | — | 23.0% |
| 净利率 | 15.7% | 17.5% |
| 营收同比 | 11.4% | 5.8% |
| 净利润同比 | 15.0% | -11.3% |
| 每股收益（稀释后） | — | $3.28 |
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AXPLIN
| Q1 26 | $18.9M | — | ||
| Q4 25 | $10.9B | $8.8B | ||
| Q3 25 | $10.4B | $8.6B | ||
| Q2 25 | $10.3B | $8.5B | ||
| Q1 25 | $9.6B | $8.1B | ||
| Q4 24 | $10.0B | $8.3B | ||
| Q3 24 | $9.7B | $8.4B | ||
| Q2 24 | $9.8B | $8.3B |
净利润AXPLIN
| Q1 26 | $3.0M | — | ||
| Q4 25 | $2.5B | $1.5B | ||
| Q3 25 | $2.9B | $1.9B | ||
| Q2 25 | $2.9B | $1.8B | ||
| Q1 25 | $2.6B | $1.7B | ||
| Q4 24 | $2.2B | $1.7B | ||
| Q3 24 | $2.5B | $1.6B | ||
| Q2 24 | $3.0B | $1.7B |
营业利润率AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | 28.2% | 23.0% | ||
| Q3 25 | 36.7% | 27.5% | ||
| Q2 25 | 34.4% | 27.7% | ||
| Q1 25 | 34.6% | 26.9% | ||
| Q4 24 | 27.7% | 27.4% | ||
| Q3 24 | 33.0% | 25.0% | ||
| Q2 24 | 38.6% | 26.4% |
净利率AXPLIN
| Q1 26 | 15.7% | — | ||
| Q4 25 | 22.5% | 17.5% | ||
| Q3 25 | 27.9% | 22.4% | ||
| Q2 25 | 28.0% | 20.8% | ||
| Q1 25 | 26.8% | 20.6% | ||
| Q4 24 | 21.8% | 20.8% | ||
| Q3 24 | 25.8% | 18.5% | ||
| Q2 24 | 30.7% | 20.1% |
每股收益（稀释后）AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | $3.52 | $3.28 | ||
| Q3 25 | $4.14 | $4.09 | ||
| Q2 25 | $4.08 | $3.73 | ||
| Q1 25 | $3.64 | $3.51 | ||
| Q4 24 | $3.04 | $3.61 | ||
| Q3 24 | $3.49 | $3.22 | ||
| Q2 24 | $4.15 | $3.44 |
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 | — | $5.1B |
| 总债务越低越好 | $60.4M | $20.7B |
| 股东权益账面价值 | $34.0M | $38.2B |
| 总资产 | $308.9M | $86.8B |
| 负债/权益比越低杠杆越低 | 1.78× | 0.54× |
8季度趋势，按日历期对齐
现金及短期投资AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | $742.0M | $5.1B | ||
| Q3 25 | $1.3B | $4.5B | ||
| Q2 25 | $197.0M | $4.8B | ||
| Q1 25 | $261.0M | $5.3B | ||
| Q4 24 | $221.0M | $4.8B | ||
| Q3 24 | $120.0M | $5.2B | ||
| Q2 24 | $188.0M | $4.6B |
总债务AXPLIN
| Q1 26 | $60.4M | — | ||
| Q4 25 | $56.4B | $20.7B | ||
| Q3 25 | $57.8B | $18.6B | ||
| Q2 25 | $58.2B | $19.7B | ||
| Q1 25 | $51.2B | $17.6B | ||
| Q4 24 | $49.7B | $15.3B | ||
| Q3 24 | $53.5B | $17.5B | ||
| Q2 24 | $51.5B | $16.9B |
股东权益AXPLIN
| Q1 26 | $34.0M | — | ||
| Q4 25 | $33.5B | $38.2B | ||
| Q3 25 | $32.4B | $38.6B | ||
| Q2 25 | $32.3B | $38.5B | ||
| Q1 25 | $31.2B | $38.0B | ||
| Q4 24 | $30.3B | $38.1B | ||
| Q3 24 | $29.7B | $39.2B | ||
| Q2 24 | $29.5B | $38.2B |
总资产AXPLIN
| Q1 26 | $308.9M | — | ||
| Q4 25 | $300.1B | $86.8B | ||
| Q3 25 | $297.6B | $86.0B | ||
| Q2 25 | $295.6B | $86.1B | ||
| Q1 25 | $282.2B | $82.7B | ||
| Q4 24 | $271.5B | $80.1B | ||
| Q3 24 | $271.0B | $82.5B | ||
| Q2 24 | $272.2B | $80.2B |
负债/权益比AXPLIN
| Q1 26 | 1.78× | — | ||
| Q4 25 | 1.68× | 0.54× | ||
| Q3 25 | 1.78× | 0.48× | ||
| Q2 25 | 1.80× | 0.51× | ||
| Q1 25 | 1.64× | 0.46× | ||
| Q4 24 | 1.64× | 0.40× | ||
| Q3 24 | 1.80× | 0.45× | ||
| Q2 24 | 1.74× | 0.44× |
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 | — | $3.0B |
| 自由现金流经营现金流 - 资本支出 | — | $1.6B |
| 自由现金流率自由现金流/营收 | — | 17.9% |
| 资本支出强度资本支出/营收 | — | 16.6% |
| 现金转化率经营现金流/净利润 | — | 1.98× |
| 过去12个月自由现金流最近4个季度 | — | $5.1B |
8季度趋势，按日历期对齐
经营现金流AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | $3.1B | $3.0B | ||
| Q3 25 | $6.2B | $2.9B | ||
| Q2 25 | $4.4B | $2.2B | ||
| Q1 25 | $4.8B | $2.2B | ||
| Q4 24 | $5.8B | $2.8B | ||
| Q3 24 | $-1.8B | $2.7B | ||
| Q2 24 | $4.5B | $1.9B |
自由现金流AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | $1.6B | ||
| Q3 25 | $5.6B | $1.7B | ||
| Q2 25 | $3.7B | $954.0M | ||
| Q1 25 | $4.3B | $891.0M | ||
| Q4 24 | $5.3B | $1.6B | ||
| Q3 24 | $-2.3B | $1.7B | ||
| Q2 24 | $4.0B | $796.0M |
自由现金流率AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | 21.4% | 17.9% | ||
| Q3 25 | 53.6% | 19.4% | ||
| Q2 25 | 36.3% | 11.2% | ||
| Q1 25 | 45.0% | 11.0% | ||
| Q4 24 | 53.1% | 18.8% | ||
| Q3 24 | -23.3% | 19.9% | ||
| Q2 24 | 40.4% | 9.6% |
资本支出强度AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 16.6% | ||
| Q3 25 | 6.3% | 14.8% | ||
| Q2 25 | 6.0% | 14.8% | ||
| Q1 25 | 4.5% | 15.7% | ||
| Q4 24 | 5.0% | 15.1% | ||
| Q3 24 | 4.7% | 12.8% | ||
| Q2 24 | 5.8% | 13.7% |
现金转化率AXPLIN
| Q1 26 | — | — | ||
| Q4 25 | 1.25× | 1.98× | ||
| Q3 25 | 2.15× | 1.53× | ||
| Q2 25 | 1.51× | 1.25× | ||
| Q1 25 | 1.84× | 1.29× | ||
| Q4 24 | 2.66× | 1.63× | ||
| Q3 24 | -0.72× | 1.76× | ||
| Q2 24 | 1.50× | 1.16× |
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
AXP
| Discount revenue | $9.5M | 50% |
| Other | $8.9M | 47% |
| Deposits with banks and other | $512.0K | 3% |
LIN
| Other | $4.9B | 56% |
| Packaged Gas | $1.6B | 19% |
| Merchant | $1.2B | 14% |
| On Site | $950.0M | 11% |
| Other Distribution Methods | $64.0M | 1% |
