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BRUNSWICK CORP（BC）与CoreWeave, Inc.（CRWV）财务数据对比。点击上方公司名可切换其他公司
CoreWeave, Inc.的季度营收约是BRUNSWICK CORP的1.2倍（$1.6B vs $1.3B），BRUNSWICK CORP净利率更高（1.4% vs -28.7%，领先30.1%），BRUNSWICK CORP自由现金流更多（$83.6M vs $-2.5B）
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。
CoreWeave是总部位于美国新泽西州利文斯顿的人工智能云计算企业，专注为AI开发者及各行业企业客户提供云侧图形处理器（GPU）算力基础设施，同时自主研发芯片管理相关软件。
BC vs CRWV — 直观对比
营收规模更大
CRWV
是对方的1.2倍
$1.3B
净利率更高
BC
高出30.1%
-28.7%
自由现金流更多
BC
多$2.6B
$-2.5B
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.6B |
| 净利润 | $18.7M | $-451.7M |
| 毛利率 | 23.1% | 67.6% |
| 营业利润率 | 3.1% | -5.7% |
| 净利率 | 1.4% | -28.7% |
| 营收同比 | 15.5% | — |
| 净利润同比 | 122.7% | — |
| 每股收益（稀释后） | $0.32 | $-0.50 |
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BCCRWV
| Q4 25 | $1.3B | $1.6B | ||
| Q3 25 | $1.4B | $1.4B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.2B | $981.6M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.3B | $583.9M | ||
| Q2 24 | $1.4B | $395.4M | ||
| Q1 24 | $1.4B | — |
净利润BCCRWV
| Q4 25 | $18.7M | $-451.7M | ||
| Q3 25 | $-235.5M | $-110.1M | ||
| Q2 25 | $59.3M | $-290.5M | ||
| Q1 25 | $20.2M | $-314.6M | ||
| Q4 24 | $-82.5M | — | ||
| Q3 24 | $44.6M | $-359.8M | ||
| Q2 24 | $100.0M | $-323.0M | ||
| Q1 24 | $68.0M | — |
毛利率BCCRWV
| Q4 25 | 23.1% | 67.6% | ||
| Q3 25 | 25.8% | 73.0% | ||
| Q2 25 | 25.5% | 74.2% | ||
| Q1 25 | 24.9% | 73.3% | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | 75.5% | ||
| Q2 24 | 27.1% | 72.5% | ||
| Q1 24 | 27.4% | — |
营业利润率BCCRWV
| Q4 25 | 3.1% | -5.7% | ||
| Q3 25 | -17.8% | 3.8% | ||
| Q2 25 | 7.1% | 1.6% | ||
| Q1 25 | 4.6% | -2.8% | ||
| Q4 24 | -4.8% | — | ||
| Q3 24 | 7.7% | 20.1% | ||
| Q2 24 | 11.0% | 19.7% | ||
| Q1 24 | 8.1% | — |
净利率BCCRWV
| Q4 25 | 1.4% | -28.7% | ||
| Q3 25 | -17.3% | -8.1% | ||
| Q2 25 | 4.1% | -24.0% | ||
| Q1 25 | 1.7% | -32.1% | ||
| Q4 24 | -7.1% | — | ||
| Q3 24 | 3.5% | -61.6% | ||
| Q2 24 | 6.9% | -81.7% | ||
| Q1 24 | 5.0% | — |
每股收益（稀释后）BCCRWV
| Q4 25 | $0.32 | $-0.50 | ||
| Q3 25 | $-3.59 | $-0.22 | ||
| Q2 25 | $0.89 | $-0.60 | ||
| Q1 25 | $0.30 | $-1.49 | ||
| Q4 24 | $-1.21 | — | ||
| Q3 24 | $0.67 | $-1.82 | ||
| Q2 24 | $1.48 | $-1.62 | ||
| Q1 24 | $0.99 | — |
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 | $3.2B |
| 总债务越低越好 | $2.1B | $21.4B |
| 股东权益账面价值 | $1.6B | $3.3B |
| 总资产 | $5.3B | $49.3B |
| 负债/权益比越低杠杆越低 | 1.30× | 6.41× |
8季度趋势，按日历期对齐
现金及短期投资BCCRWV
| Q4 25 | $256.8M | $3.2B | ||
| Q3 25 | $297.7M | $1.9B | ||
| Q2 25 | $315.7M | $1.2B | ||
| Q1 25 | $286.7M | $1.3B | ||
| Q4 24 | $269.0M | — | ||
| Q3 24 | $284.1M | $1.4B | ||
| Q2 24 | $494.5M | $1.0B | ||
| Q1 24 | $548.4M | — |
总债务BCCRWV
| Q4 25 | $2.1B | $21.4B | ||
| Q3 25 | — | $14.0B | ||
| Q2 25 | — | $11.1B | ||
| Q1 25 | — | $8.7B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BCCRWV
| Q4 25 | $1.6B | $3.3B | ||
| Q3 25 | $1.6B | $3.9B | ||
| Q2 25 | $1.9B | $2.7B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $1.9B | — | ||
| Q3 24 | $2.0B | $-344.0M | ||
| Q2 24 | $2.0B | $-1.0B | ||
| Q1 24 | $2.0B | — |
总资产BCCRWV
| Q4 25 | $5.3B | $49.3B | ||
| Q3 25 | $5.4B | $32.9B | ||
| Q2 25 | $5.8B | $26.2B | ||
| Q1 25 | $5.9B | $21.9B | ||
| Q4 24 | $5.7B | — | ||
| Q3 24 | $6.0B | — | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $6.5B | — |
负债/权益比BCCRWV
| Q4 25 | 1.30× | 6.41× | ||
| Q3 25 | — | 3.62× | ||
| Q2 25 | — | 4.16× | ||
| Q1 25 | — | 4.57× | ||
| 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 | $1.6B |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $-2.5B |
| 自由现金流率自由现金流/营收 | 6.3% | -159.1% |
| 资本支出强度资本支出/营收 | 3.7% | 258.3% |
| 现金转化率经营现金流/净利润 | 7.11× | — |
| 过去12个月自由现金流最近4个季度 | $396.3M | $-7.3B |
8季度趋势，按日历期对齐
经营现金流BCCRWV
| Q4 25 | $132.9M | $1.6B | ||
| Q3 25 | $140.4M | $1.7B | ||
| Q2 25 | $316.2M | $-251.3M | ||
| Q1 25 | $-27.4M | $61.2M | ||
| Q4 24 | $306.4M | — | ||
| Q3 24 | $67.4M | — | ||
| Q2 24 | $211.0M | — | ||
| Q1 24 | $-153.4M | — |
自由现金流BCCRWV
| Q4 25 | $83.6M | $-2.5B | ||
| Q3 25 | $106.5M | $-699.8M | ||
| Q2 25 | $271.3M | $-2.7B | ||
| Q1 25 | $-65.1M | $-1.3B | ||
| Q4 24 | $276.1M | — | ||
| Q3 24 | $31.4M | — | ||
| Q2 24 | $163.9M | — | ||
| Q1 24 | $-207.4M | — |
自由现金流率BCCRWV
| Q4 25 | 6.3% | -159.1% | ||
| Q3 25 | 7.8% | -51.3% | ||
| Q2 25 | 18.7% | -223.0% | ||
| Q1 25 | -5.3% | -137.1% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 11.4% | — | ||
| Q1 24 | -15.2% | — |
资本支出强度BCCRWV
| Q4 25 | 3.7% | 258.3% | ||
| Q3 25 | 2.5% | 175.1% | ||
| Q2 25 | 3.1% | 202.3% | ||
| Q1 25 | 3.1% | 143.4% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.8% | — | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 4.0% | — |
现金转化率BCCRWV
| Q4 25 | 7.11× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.33× | — | ||
| Q1 25 | -1.36× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | -2.26× | — |
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% |
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
