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BRUNSWICK CORP（BC）与惠好（WY）财务数据对比。点击上方公司名可切换其他公司
惠好的季度营收约是BRUNSWICK CORP的1.2倍（$1.5B vs $1.3B），惠好净利率更高（4.8% vs 1.4%，领先3.4%），BRUNSWICK CORP同比增速更快（15.5% vs -9.8%），BRUNSWICK CORP自由现金流更多（$83.6M vs $-128.0M），过去两年BRUNSWICK CORP的营收复合增速更高（-1.1% vs -7.4%）
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。
惠好是美国知名林地运营企业，在美国本土持有约1040万英亩林地，同时通过长期许可协议在加拿大管理额外1400万英亩林地。企业拥有逾百年木制品生产历史，目前以房地产投资信托（REIT）模式运营。
BC vs WY — 直观对比
营收规模更大
WY
是对方的1.2倍
$1.3B
营收增速更快
BC
高出25.3%
-9.8%
净利率更高
WY
高出3.4%
1.4%
自由现金流更多
BC
多$211.6M
$-128.0M
两年增速更快
BC
近两年复合增速
-7.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.3B | $1.5B |
| 净利润 | $18.7M | $74.0M |
| 毛利率 | 23.1% | 10.4% |
| 营业利润率 | 3.1% | 16.3% |
| 净利率 | 1.4% | 4.8% |
| 营收同比 | 15.5% | -9.8% |
| 净利润同比 | 122.7% | -8.6% |
| 每股收益（稀释后） | $0.32 | $0.11 |
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BCWY
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.9B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.2B | $1.7B | ||
| Q3 24 | $1.3B | $1.7B | ||
| Q2 24 | $1.4B | $1.9B | ||
| Q1 24 | $1.4B | $1.8B |
净利润BCWY
| Q4 25 | $18.7M | $74.0M | ||
| Q3 25 | $-235.5M | $80.0M | ||
| Q2 25 | $59.3M | $87.0M | ||
| Q1 25 | $20.2M | $83.0M | ||
| Q4 24 | $-82.5M | $81.0M | ||
| Q3 24 | $44.6M | $28.0M | ||
| Q2 24 | $100.0M | $173.0M | ||
| Q1 24 | $68.0M | $114.0M |
毛利率BCWY
| Q4 25 | 23.1% | 10.4% | ||
| Q3 25 | 25.8% | 11.9% | ||
| Q2 25 | 25.5% | 17.3% | ||
| Q1 25 | 24.9% | 19.0% | ||
| Q4 24 | 21.9% | 17.8% | ||
| Q3 24 | 26.2% | 14.9% | ||
| Q2 24 | 27.1% | 20.8% | ||
| Q1 24 | 27.4% | 19.8% |
营业利润率BCWY
| Q4 25 | 3.1% | 16.3% | ||
| Q3 25 | -17.8% | 7.2% | ||
| Q2 25 | 7.1% | 9.4% | ||
| Q1 25 | 4.6% | 10.2% | ||
| Q4 24 | -4.8% | 8.3% | ||
| Q3 24 | 7.7% | 4.6% | ||
| Q2 24 | 11.0% | 13.9% | ||
| Q1 24 | 8.1% | 10.9% |
净利率BCWY
| Q4 25 | 1.4% | 4.8% | ||
| Q3 25 | -17.3% | 4.7% | ||
| Q2 25 | 4.1% | 4.6% | ||
| Q1 25 | 1.7% | 4.7% | ||
| Q4 24 | -7.1% | 4.7% | ||
| Q3 24 | 3.5% | 1.7% | ||
| Q2 24 | 6.9% | 8.9% | ||
| Q1 24 | 5.0% | 6.3% |
每股收益（稀释后）BCWY
| Q4 25 | $0.32 | $0.11 | ||
| Q3 25 | $-3.59 | $0.11 | ||
| Q2 25 | $0.89 | $0.12 | ||
| Q1 25 | $0.30 | $0.11 | ||
| Q4 24 | $-1.21 | $0.10 | ||
| Q3 24 | $0.67 | $0.04 | ||
| Q2 24 | $1.48 | $0.24 | ||
| Q1 24 | $0.99 | $0.16 |
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 | $464.0M |
| 总债务越低越好 | $2.1B | $5.6B |
| 股东权益账面价值 | $1.6B | $9.4B |
| 总资产 | $5.3B | $16.6B |
| 负债/权益比越低杠杆越低 | 1.30× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资BCWY
| Q4 25 | $256.8M | $464.0M | ||
| Q3 25 | $297.7M | $401.0M | ||
| Q2 25 | $315.7M | $592.0M | ||
| Q1 25 | $286.7M | $560.0M | ||
| Q4 24 | $269.0M | $684.0M | ||
| Q3 24 | $284.1M | $877.0M | ||
| Q2 24 | $494.5M | $997.0M | ||
| Q1 24 | $548.4M | $871.0M |
总债务BCWY
| Q4 25 | $2.1B | $5.6B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | $5.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BCWY
| Q4 25 | $1.6B | $9.4B | ||
| Q3 25 | $1.6B | $9.4B | ||
| Q2 25 | $1.9B | $9.5B | ||
| Q1 25 | $1.9B | $9.6B | ||
| Q4 24 | $1.9B | $9.7B | ||
| Q3 24 | $2.0B | $9.9B | ||
| Q2 24 | $2.0B | $10.0B | ||
| Q1 24 | $2.0B | $10.1B |
总资产BCWY
| Q4 25 | $5.3B | $16.6B | ||
| Q3 25 | $5.4B | $16.7B | ||
| Q2 25 | $5.8B | $16.5B | ||
| Q1 25 | $5.9B | $16.5B | ||
| Q4 24 | $5.7B | $16.5B | ||
| Q3 24 | $6.0B | $16.7B | ||
| Q2 24 | $6.4B | $16.8B | ||
| Q1 24 | $6.5B | $16.8B |
负债/权益比BCWY
| Q4 25 | 1.30× | 0.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | 0.52× | ||
| 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 | $-114.0M |
| 自由现金流经营现金流 - 资本支出 | $83.6M | $-128.0M |
| 自由现金流率自由现金流/营收 | 6.3% | -8.3% |
| 资本支出强度资本支出/营收 | 3.7% | 0.9% |
| 现金转化率经营现金流/净利润 | 7.11× | -1.54× |
| 过去12个月自由现金流最近4个季度 | $396.3M | $511.0M |
8季度趋势，按日历期对齐
经营现金流BCWY
| Q4 25 | $132.9M | $-114.0M | ||
| Q3 25 | $140.4M | $210.0M | ||
| Q2 25 | $316.2M | $396.0M | ||
| Q1 25 | $-27.4M | $70.0M | ||
| Q4 24 | $306.4M | $218.0M | ||
| Q3 24 | $67.4M | $234.0M | ||
| Q2 24 | $211.0M | $432.0M | ||
| Q1 24 | $-153.4M | $124.0M |
自由现金流BCWY
| Q4 25 | $83.6M | $-128.0M | ||
| Q3 25 | $106.5M | $203.0M | ||
| Q2 25 | $271.3M | $388.0M | ||
| Q1 25 | $-65.1M | $48.0M | ||
| Q4 24 | $276.1M | $205.0M | ||
| Q3 24 | $31.4M | $226.0M | ||
| Q2 24 | $163.9M | $423.0M | ||
| Q1 24 | $-207.4M | $102.0M |
自由现金流率BCWY
| Q4 25 | 6.3% | -8.3% | ||
| Q3 25 | 7.8% | 11.8% | ||
| Q2 25 | 18.7% | 20.6% | ||
| Q1 25 | -5.3% | 2.7% | ||
| Q4 24 | 23.9% | 12.0% | ||
| Q3 24 | 2.5% | 13.4% | ||
| Q2 24 | 11.4% | 21.8% | ||
| Q1 24 | -15.2% | 5.7% |
资本支出强度BCWY
| Q4 25 | 3.7% | 0.9% | ||
| Q3 25 | 2.5% | 0.4% | ||
| Q2 25 | 3.1% | 0.4% | ||
| Q1 25 | 3.1% | 1.2% | ||
| Q4 24 | 2.6% | 0.8% | ||
| Q3 24 | 2.8% | 0.5% | ||
| Q2 24 | 3.3% | 0.5% | ||
| Q1 24 | 4.0% | 1.2% |
现金转化率BCWY
| Q4 25 | 7.11× | -1.54× | ||
| Q3 25 | — | 2.63× | ||
| Q2 25 | 5.33× | 4.55× | ||
| Q1 25 | -1.36× | 0.84× | ||
| Q4 24 | — | 2.69× | ||
| Q3 24 | 1.51× | 8.36× | ||
| Q2 24 | 2.11× | 2.50× | ||
| Q1 24 | -2.26× | 1.09× |
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% |
WY
暂无分部数据
