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BRUNSWICK CORP（BC）与BWX Technologies, Inc.（BWXT）财务数据对比。点击上方公司名可切换其他公司
BRUNSWICK CORP的季度营收约是BWX Technologies, Inc.的1.5倍（$1.3B vs $885.8M）。BWX Technologies, Inc.净利率更高（10.5% vs 1.4%，领先9.1%）。BWX Technologies, Inc.同比增速更快（18.7% vs 15.5%）。BRUNSWICK CORP自由现金流更多（$83.6M vs $56.8M）。过去两年BWX Technologies, Inc.的营收复合增速更高（21.1% vs -1.1%）
美国Brunswick公司创立于1845年，专注于多品类产品的研发、生产与营销，旗下拥有知名海事品牌水星海事（Mercury Marine）等多个品牌。目前集团在24个国家拥有超1.3万名员工，2024年销售额达52亿美元，全球总部位于伊利诺伊州芝加哥北郊的梅塔瓦。
BWX Technologies Inc.（简称BWXT）总部位于美国弗吉尼亚州林奇堡，是一家面向全球供应核部件与核燃料的专业企业，产品广泛应用于核电及核工业相关领域，服务覆盖全球多个国家和地区的客户。
BC vs BWXT — 直观对比
营收规模更大
BC
是对方的1.5倍
$885.8M
营收增速更快
BWXT
高出3.2%
15.5%
净利率更高
BWXT
高出9.1%
1.4%
自由现金流更多
BC
多$26.8M
$56.8M
两年增速更快
BWXT
近两年复合增速
-1.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $885.8M |
| 净利润 | $18.7M | $93.0M |
| 毛利率 | 23.1% | — |
| 营业利润率 | 3.1% | 10.4% |
| 净利率 | 1.4% | 10.5% |
| 营收同比 | 15.5% | 18.7% |
| 净利润同比 | 122.7% | 30.9% |
| 每股收益（稀释后） | $0.32 | $1.02 |
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BCBWXT
| Q4 25 | $1.3B | $885.8M | ||
| Q3 25 | $1.4B | $866.3M | ||
| Q2 25 | $1.4B | $764.0M | ||
| Q1 25 | $1.2B | $682.3M | ||
| Q4 24 | $1.2B | $746.3M | ||
| Q3 24 | $1.3B | $672.0M | ||
| Q2 24 | $1.4B | $681.5M | ||
| Q1 24 | $1.4B | $604.0M |
净利润BCBWXT
| Q4 25 | $18.7M | $93.0M | ||
| Q3 25 | $-235.5M | $82.1M | ||
| Q2 25 | $59.3M | $78.4M | ||
| Q1 25 | $20.2M | $75.5M | ||
| Q4 24 | $-82.5M | $71.0M | ||
| Q3 24 | $44.6M | $69.5M | ||
| Q2 24 | $100.0M | $73.0M | ||
| Q1 24 | $68.0M | $68.5M |
毛利率BCBWXT
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | 21.8% | ||
| Q2 25 | 25.5% | 25.1% | ||
| Q1 25 | 24.9% | 24.2% | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | 24.4% | ||
| Q2 24 | 27.1% | 24.7% | ||
| Q1 24 | 27.4% | 24.6% |
营业利润率BCBWXT
| Q4 25 | 3.1% | 10.4% | ||
| Q3 25 | -17.8% | 13.1% | ||
| Q2 25 | 7.1% | 13.4% | ||
| Q1 25 | 4.6% | 14.2% | ||
| Q4 24 | -4.8% | 12.4% | ||
| Q3 24 | 7.7% | 14.4% | ||
| Q2 24 | 11.0% | 14.5% | ||
| Q1 24 | 8.1% | 15.4% |
净利率BCBWXT
| Q4 25 | 1.4% | 10.5% | ||
| Q3 25 | -17.3% | 9.5% | ||
| Q2 25 | 4.1% | 10.3% | ||
| Q1 25 | 1.7% | 11.1% | ||
| Q4 24 | -7.1% | 9.5% | ||
| Q3 24 | 3.5% | 10.3% | ||
| Q2 24 | 6.9% | 10.7% | ||
| Q1 24 | 5.0% | 11.3% |
每股收益（稀释后）BCBWXT
| Q4 25 | $0.32 | $1.02 | ||
| Q3 25 | $-3.59 | $0.89 | ||
| Q2 25 | $0.89 | $0.85 | ||
| Q1 25 | $0.30 | $0.82 | ||
| Q4 24 | $-1.21 | $0.77 | ||
| Q3 24 | $0.67 | $0.76 | ||
| Q2 24 | $1.48 | $0.79 | ||
| Q1 24 | $0.99 | $0.75 |
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 | $256.8M | $499.8M |
| 总债务越低越好 | $2.1B | — |
| 股东权益账面价值 | $1.6B | $1.2B |
| 总资产 | $5.3B | $4.3B |
| 负债/权益比越低杠杆越低 | 1.30× | — |
8季度趋势，按日历期对齐
现金及短期投资BCBWXT
| Q4 25 | $256.8M | $499.8M | ||
| Q3 25 | $297.7M | $79.6M | ||
| Q2 25 | $315.7M | $37.0M | ||
| Q1 25 | $286.7M | $55.4M | ||
| Q4 24 | $269.0M | $74.1M | ||
| Q3 24 | $284.1M | $35.5M | ||
| Q2 24 | $494.5M | $48.3M | ||
| Q1 24 | $548.4M | $45.9M |
总债务BCBWXT
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BCBWXT
| Q4 25 | $1.6B | $1.2B | ||
| Q3 25 | $1.6B | $1.2B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $2.0B | $998.5M | ||
| Q1 24 | $2.0B | $946.2M |
总资产BCBWXT
| Q4 25 | $5.3B | $4.3B | ||
| Q3 25 | $5.4B | $3.8B | ||
| Q2 25 | $5.8B | $3.7B | ||
| Q1 25 | $5.9B | $3.1B | ||
| Q4 24 | $5.7B | $2.9B | ||
| Q3 24 | $6.0B | $2.9B | ||
| Q2 24 | $6.4B | $2.8B | ||
| Q1 24 | $6.5B | $2.8B |
负债/权益比BCBWXT
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | — | ||
| 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 | $132.9M | $127.0M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $56.8M |
| 自由现金流率自由现金流/营收 | 6.3% | 6.4% |
| 资本支出强度资本支出/营收 | 3.7% | 7.9% |
| 现金转化率经营现金流/净利润 | 7.11× | 1.37× |
| 过去12个月自由现金流最近4个季度 | $396.3M | $295.3M |
8季度趋势，按日历期对齐
经营现金流BCBWXT
| Q4 25 | $132.9M | $127.0M | ||
| Q3 25 | $140.4M | $143.2M | ||
| Q2 25 | $316.2M | $159.0M | ||
| Q1 25 | $-27.4M | $50.6M | ||
| Q4 24 | $306.4M | $276.9M | ||
| Q3 24 | $67.4M | $32.6M | ||
| Q2 24 | $211.0M | $65.9M | ||
| Q1 24 | $-153.4M | $33.0M |
自由现金流BCBWXT
| Q4 25 | $83.6M | $56.8M | ||
| Q3 25 | $106.5M | $94.9M | ||
| Q2 25 | $271.3M | $126.3M | ||
| Q1 25 | $-65.1M | $17.3M | ||
| Q4 24 | $276.1M | $224.4M | ||
| Q3 24 | $31.4M | $-7.7M | ||
| Q2 24 | $163.9M | $35.5M | ||
| Q1 24 | $-207.4M | $2.6M |
自由现金流率BCBWXT
| Q4 25 | 6.3% | 6.4% | ||
| Q3 25 | 7.8% | 11.0% | ||
| Q2 25 | 18.7% | 16.5% | ||
| Q1 25 | -5.3% | 2.5% | ||
| Q4 24 | 23.9% | 30.1% | ||
| Q3 24 | 2.5% | -1.1% | ||
| Q2 24 | 11.4% | 5.2% | ||
| Q1 24 | -15.2% | 0.4% |
资本支出强度BCBWXT
| Q4 25 | 3.7% | 7.9% | ||
| Q3 25 | 2.5% | 5.6% | ||
| Q2 25 | 3.1% | 4.3% | ||
| Q1 25 | 3.1% | 4.9% | ||
| Q4 24 | 2.6% | 7.0% | ||
| Q3 24 | 2.8% | 6.0% | ||
| Q2 24 | 3.3% | 4.5% | ||
| Q1 24 | 4.0% | 5.0% |
现金转化率BCBWXT
| Q4 25 | 7.11× | 1.37× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | 5.33× | 2.03× | ||
| Q1 25 | -1.36× | 0.67× | ||
| Q4 24 | — | 3.90× | ||
| Q3 24 | 1.51× | 0.47× | ||
| Q2 24 | 2.11× | 0.90× | ||
| Q1 24 | -2.26× | 0.48× |
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
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
BWXT
| Nuclear Component Program | $436.4M | 49% |
| Nuclear Manufacturing | $134.8M | 15% |
| Cost Plus Fee | $116.1M | 13% |
| Uranium And Nuclear Services | $103.8M | 12% |
| Commercial Operations | $49.0M | 6% |
| Commercial Operations Segment | $33.7M | 4% |
| Transferred At Point In Time | $1.3M | 0% |
