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BRUNSWICK CORP（BC）与德纳（DAN）财务数据对比。点击上方公司名可切换其他公司
BRUNSWICK CORP的季度营收约是德纳的1.0倍（$1.3B vs $1.3B），BRUNSWICK CORP净利率更高（1.4% vs -3.9%，领先5.3%），BRUNSWICK CORP同比增速更快（15.5% vs -44.5%），德纳自由现金流更多（$345.0M vs $83.6M），过去两年BRUNSWICK CORP的营收复合增速更高（-1.1% vs -31.2%）
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。
德纳（Dana Inc.）是美国知名汽车零部件供应商，创立于1904年，总部位于俄亥俄州莫米。公司为传统燃油车、混合动力车及电动车提供车桥、传动轴，以及电驱动、热管理、密封、数字设备等产品，服务于轻型车、商用车市场，业务遍及33个国家，员工近2.8万人，2022年销售额达102亿美元，位列财富世界500强。
BC vs DAN — 直观对比
营收规模更大
BC
是对方的1.0倍
$1.3B
营收增速更快
BC
高出60.0%
-44.5%
净利率更高
BC
高出5.3%
-3.9%
自由现金流更多
DAN
多$261.4M
$83.6M
两年增速更快
BC
近两年复合增速
-31.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.3B |
| 净利润 | $18.7M | $-50.0M |
| 毛利率 | 23.1% | 6.0% |
| 营业利润率 | 3.1% | -0.2% |
| 净利率 | 1.4% | -3.9% |
| 营收同比 | 15.5% | -44.5% |
| 净利润同比 | 122.7% | 37.5% |
| 每股收益（稀释后） | $0.32 | $-0.36 |
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BCDAN
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.4B | $1.9B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.2B | $2.4B | ||
| Q4 24 | $1.2B | $2.3B | ||
| Q3 24 | $1.3B | $2.5B | ||
| Q2 24 | $1.4B | $2.7B | ||
| Q1 24 | $1.4B | $2.7B |
净利润BCDAN
| Q4 25 | $18.7M | $-50.0M | ||
| Q3 25 | $-235.5M | $83.0M | ||
| Q2 25 | $59.3M | $27.0M | ||
| Q1 25 | $20.2M | $25.0M | ||
| Q4 24 | $-82.5M | $-80.0M | ||
| Q3 24 | $44.6M | $4.0M | ||
| Q2 24 | $100.0M | $16.0M | ||
| Q1 24 | $68.0M | $3.0M |
毛利率BCDAN
| Q4 25 | 23.1% | 6.0% | ||
| Q3 25 | 25.8% | 8.7% | ||
| Q2 25 | 25.5% | 7.1% | ||
| Q1 25 | 24.9% | 9.4% | ||
| Q4 24 | 21.9% | 5.7% | ||
| Q3 24 | 26.2% | 9.9% | ||
| Q2 24 | 27.1% | 9.3% | ||
| Q1 24 | 27.4% | 8.9% |
营业利润率BCDAN
| Q4 25 | 3.1% | -0.2% | ||
| Q3 25 | -17.8% | 2.8% | ||
| Q2 25 | 7.1% | 0.8% | ||
| Q1 25 | 4.6% | 3.1% | ||
| Q4 24 | -4.8% | -1.5% | ||
| Q3 24 | 7.7% | 3.6% | ||
| Q2 24 | 11.0% | 3.8% | ||
| Q1 24 | 8.1% | 2.6% |
净利率BCDAN
| Q4 25 | 1.4% | -3.9% | ||
| Q3 25 | -17.3% | 4.3% | ||
| Q2 25 | 4.1% | 1.4% | ||
| Q1 25 | 1.7% | 1.1% | ||
| Q4 24 | -7.1% | -3.4% | ||
| Q3 24 | 3.5% | 0.2% | ||
| Q2 24 | 6.9% | 0.6% | ||
| Q1 24 | 5.0% | 0.1% |
每股收益（稀释后）BCDAN
| Q4 25 | $0.32 | $-0.36 | ||
| Q3 25 | $-3.59 | $0.64 | ||
| Q2 25 | $0.89 | $0.19 | ||
| Q1 25 | $0.30 | $0.17 | ||
| Q4 24 | $-1.21 | $-0.55 | ||
| Q3 24 | $0.67 | $0.03 | ||
| Q2 24 | $1.48 | $0.11 | ||
| Q1 24 | $0.99 | $0.02 |
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 | $469.0M |
| 总债务越低越好 | $2.1B | $2.6B |
| 股东权益账面价值 | $1.6B | $840.0M |
| 总资产 | $5.3B | $7.8B |
| 负债/权益比越低杠杆越低 | 1.30× | 3.05× |
8季度趋势，按日历期对齐
现金及短期投资BCDAN
| Q4 25 | $256.8M | $469.0M | ||
| Q3 25 | $297.7M | $414.0M | ||
| Q2 25 | $315.7M | $486.0M | ||
| Q1 25 | $286.7M | $507.0M | ||
| Q4 24 | $269.0M | $494.0M | ||
| Q3 24 | $284.1M | $419.0M | ||
| Q2 24 | $494.5M | $419.0M | ||
| Q1 24 | $548.4M | $351.0M |
总债务BCDAN
| Q4 25 | $2.1B | $2.6B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | $2.4B | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.6B |
股东权益BCDAN
| Q4 25 | $1.6B | $840.0M | ||
| Q3 25 | $1.6B | $1.1B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.9B | $1.3B | ||
| Q3 24 | $2.0B | $1.5B | ||
| Q2 24 | $2.0B | $1.5B | ||
| Q1 24 | $2.0B | $1.5B |
总资产BCDAN
| Q4 25 | $5.3B | $7.8B | ||
| Q3 25 | $5.4B | $8.1B | ||
| Q2 25 | $5.8B | $8.1B | ||
| Q1 25 | $5.9B | $7.8B | ||
| Q4 24 | $5.7B | $7.5B | ||
| Q3 24 | $6.0B | $7.9B | ||
| Q2 24 | $6.4B | $7.8B | ||
| Q1 24 | $6.5B | $7.9B |
负债/权益比BCDAN
| Q4 25 | 1.30× | 3.05× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.13× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | 1.25× | 1.79× | ||
| Q3 24 | — | 1.65× | ||
| Q2 24 | — | 1.62× | ||
| Q1 24 | — | 1.68× |
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 | $406.0M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $345.0M |
| 自由现金流率自由现金流/营收 | 6.3% | 26.6% |
| 资本支出强度资本支出/营收 | 3.7% | 4.7% |
| 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 | $298.0M |
8季度趋势，按日历期对齐
经营现金流BCDAN
| Q4 25 | $132.9M | $406.0M | ||
| Q3 25 | $140.4M | $111.0M | ||
| Q2 25 | $316.2M | $32.0M | ||
| Q1 25 | $-27.4M | $-37.0M | ||
| Q4 24 | $306.4M | $302.0M | ||
| Q3 24 | $67.4M | $35.0M | ||
| Q2 24 | $211.0M | $215.0M | ||
| Q1 24 | $-153.4M | $-102.0M |
自由现金流BCDAN
| Q4 25 | $83.6M | $345.0M | ||
| Q3 25 | $106.5M | $62.0M | ||
| Q2 25 | $271.3M | $3.0M | ||
| Q1 25 | $-65.1M | $-112.0M | ||
| Q4 24 | $276.1M | $149.0M | ||
| Q3 24 | $31.4M | $-11.0M | ||
| Q2 24 | $163.9M | $104.0M | ||
| Q1 24 | $-207.4M | $-172.0M |
自由现金流率BCDAN
| Q4 25 | 6.3% | 26.6% | ||
| Q3 25 | 7.8% | 3.2% | ||
| Q2 25 | 18.7% | 0.2% | ||
| Q1 25 | -5.3% | -4.8% | ||
| Q4 24 | 23.9% | 6.4% | ||
| Q3 24 | 2.5% | -0.4% | ||
| Q2 24 | 11.4% | 3.8% | ||
| Q1 24 | -15.2% | -6.3% |
资本支出强度BCDAN
| Q4 25 | 3.7% | 4.7% | ||
| Q3 25 | 2.5% | 2.6% | ||
| Q2 25 | 3.1% | 1.5% | ||
| Q1 25 | 3.1% | 3.2% | ||
| Q4 24 | 2.6% | 6.6% | ||
| Q3 24 | 2.8% | 1.9% | ||
| Q2 24 | 3.3% | 4.1% | ||
| Q1 24 | 4.0% | 2.6% |
现金转化率BCDAN
| Q4 25 | 7.11× | — | ||
| Q3 25 | — | 1.34× | ||
| Q2 25 | 5.33× | 1.19× | ||
| Q1 25 | -1.36× | -1.48× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.51× | 8.75× | ||
| Q2 24 | 2.11× | 13.44× | ||
| Q1 24 | -2.26× | -34.00× |
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% |
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
