vs
百通（BDC）与德纳（DAN）财务数据对比。点击上方公司名可切换其他公司
德纳的季度营收约是百通的1.8倍（$1.3B vs $720.1M），百通净利率更高（9.4% vs -3.9%，领先13.3%），百通同比增速更快（8.1% vs -44.5%），德纳自由现金流更多（$345.0M vs $121.3M），过去两年百通的营收复合增速更高（15.9% vs -31.2%）
百通公司是美国上市跨国企业，专注于端到端网络、安全及连接产品的设计、生产与销售，业务覆盖工业自动化解决方案、智能建筑、宽带及5G三大核心领域，为各行业客户提供可靠的通信连接相关产品与服务。
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。
BDC vs DAN — 直观对比
营收规模更大
DAN
是对方的1.8倍
$720.1M
营收增速更快
BDC
高出52.6%
-44.5%
净利率更高
BDC
高出13.3%
-3.9%
自由现金流更多
DAN
多$223.8M
$121.3M
两年增速更快
BDC
近两年复合增速
-31.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $720.1M | $1.3B |
| 净利润 | $67.9M | $-50.0M |
| 毛利率 | 36.6% | 6.0% |
| 营业利润率 | 12.2% | -0.2% |
| 净利率 | 9.4% | -3.9% |
| 营收同比 | 8.1% | -44.5% |
| 净利润同比 | 16.3% | 37.5% |
| 每股收益（稀释后） | $1.70 | $-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BDCDAN
| Q4 25 | $720.1M | $1.3B | ||
| Q3 25 | $698.2M | $1.9B | ||
| Q2 25 | $672.0M | $1.9B | ||
| Q1 25 | $624.9M | $2.4B | ||
| Q4 24 | $666.0M | $2.3B | ||
| Q3 24 | $654.9M | $2.5B | ||
| Q2 24 | $604.3M | $2.7B | ||
| Q1 24 | $535.7M | $2.7B |
净利润BDCDAN
| Q4 25 | $67.9M | $-50.0M | ||
| Q3 25 | $56.7M | $83.0M | ||
| Q2 25 | $61.0M | $27.0M | ||
| Q1 25 | $51.9M | $25.0M | ||
| Q4 24 | $58.4M | $-80.0M | ||
| Q3 24 | $53.7M | $4.0M | ||
| Q2 24 | $49.0M | $16.0M | ||
| Q1 24 | $37.3M | $3.0M |
毛利率BDCDAN
| Q4 25 | 36.6% | 6.0% | ||
| Q3 25 | 37.7% | 8.7% | ||
| Q2 25 | 38.5% | 7.1% | ||
| Q1 25 | 39.3% | 9.4% | ||
| Q4 24 | 37.5% | 5.7% | ||
| Q3 24 | 37.3% | 9.9% | ||
| Q2 24 | 37.5% | 9.3% | ||
| Q1 24 | 37.6% | 8.9% |
营业利润率BDCDAN
| Q4 25 | 12.2% | -0.2% | ||
| Q3 25 | 10.9% | 2.8% | ||
| Q2 25 | 11.8% | 0.8% | ||
| Q1 25 | 11.6% | 3.1% | ||
| Q4 24 | 10.4% | -1.5% | ||
| Q3 24 | 11.5% | 3.6% | ||
| Q2 24 | 11.4% | 3.8% | ||
| Q1 24 | 9.9% | 2.6% |
净利率BDCDAN
| Q4 25 | 9.4% | -3.9% | ||
| Q3 25 | 8.1% | 4.3% | ||
| Q2 25 | 9.1% | 1.4% | ||
| Q1 25 | 8.3% | 1.1% | ||
| Q4 24 | 8.8% | -3.4% | ||
| Q3 24 | 8.2% | 0.2% | ||
| Q2 24 | 8.1% | 0.6% | ||
| Q1 24 | 7.0% | 0.1% |
每股收益（稀释后）BDCDAN
| Q4 25 | $1.70 | $-0.36 | ||
| Q3 25 | $1.41 | $0.64 | ||
| Q2 25 | $1.53 | $0.19 | ||
| Q1 25 | $1.27 | $0.17 | ||
| Q4 24 | $1.41 | $-0.55 | ||
| Q3 24 | $1.30 | $0.03 | ||
| Q2 24 | $1.19 | $0.11 | ||
| Q1 24 | $0.90 | $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 | $389.9M | $469.0M |
| 总债务越低越好 | — | $2.6B |
| 股东权益账面价值 | $1.3B | $840.0M |
| 总资产 | $3.5B | $7.8B |
| 负债/权益比越低杠杆越低 | — | 3.05× |
8季度趋势，按日历期对齐
现金及短期投资BDCDAN
| Q4 25 | $389.9M | $469.0M | ||
| Q3 25 | $314.3M | $414.0M | ||
| Q2 25 | $301.5M | $486.0M | ||
| Q1 25 | $259.0M | $507.0M | ||
| Q4 24 | $370.3M | $494.0M | ||
| Q3 24 | $323.0M | $419.0M | ||
| Q2 24 | $564.8M | $419.0M | ||
| Q1 24 | $506.8M | $351.0M |
总债务BDCDAN
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.6B | ||
| Q2 25 | — | $2.6B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.6B |
股东权益BDCDAN
| Q4 25 | $1.3B | $840.0M | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.3B | $1.3B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.2B | $1.5B | ||
| Q1 24 | $1.2B | $1.5B |
总资产BDCDAN
| Q4 25 | $3.5B | $7.8B | ||
| Q3 25 | $3.4B | $8.1B | ||
| Q2 25 | $3.4B | $8.1B | ||
| Q1 25 | $3.3B | $7.8B | ||
| Q4 24 | $3.3B | $7.5B | ||
| Q3 24 | $3.3B | $7.9B | ||
| Q2 24 | $3.5B | $7.8B | ||
| Q1 24 | $3.1B | $7.9B |
负债/权益比BDCDAN
| Q4 25 | — | 3.05× | ||
| Q3 25 | — | 2.35× | ||
| Q2 25 | — | 2.13× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 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 | $160.4M | $406.0M |
| 自由现金流经营现金流 - 资本支出 | $121.3M | $345.0M |
| 自由现金流率自由现金流/营收 | 16.8% | 26.6% |
| 资本支出强度资本支出/营收 | 5.4% | 4.7% |
| 现金转化率经营现金流/净利润 | 2.36× | — |
| 过去12个月自由现金流最近4个季度 | $218.7M | $298.0M |
8季度趋势，按日历期对齐
经营现金流BDCDAN
| Q4 25 | $160.4M | $406.0M | ||
| Q3 25 | $105.0M | $111.0M | ||
| Q2 25 | $82.0M | $32.0M | ||
| Q1 25 | $7.4M | $-37.0M | ||
| Q4 24 | $174.7M | $302.0M | ||
| Q3 24 | $91.7M | $35.0M | ||
| Q2 24 | $83.0M | $215.0M | ||
| Q1 24 | $2.7M | $-102.0M |
自由现金流BDCDAN
| Q4 25 | $121.3M | $345.0M | ||
| Q3 25 | $65.3M | $62.0M | ||
| Q2 25 | $56.9M | $3.0M | ||
| Q1 25 | $-24.8M | $-112.0M | ||
| Q4 24 | $116.4M | $149.0M | ||
| Q3 24 | $67.2M | $-11.0M | ||
| Q2 24 | $61.0M | $104.0M | ||
| Q1 24 | $-21.5M | $-172.0M |
自由现金流率BDCDAN
| Q4 25 | 16.8% | 26.6% | ||
| Q3 25 | 9.4% | 3.2% | ||
| Q2 25 | 8.5% | 0.2% | ||
| Q1 25 | -4.0% | -4.8% | ||
| Q4 24 | 17.5% | 6.4% | ||
| Q3 24 | 10.3% | -0.4% | ||
| Q2 24 | 10.1% | 3.8% | ||
| Q1 24 | -4.0% | -6.3% |
资本支出强度BDCDAN
| Q4 25 | 5.4% | 4.7% | ||
| Q3 25 | 5.7% | 2.6% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 5.2% | 3.2% | ||
| Q4 24 | 8.8% | 6.6% | ||
| Q3 24 | 3.7% | 1.9% | ||
| Q2 24 | 3.6% | 4.1% | ||
| Q1 24 | 4.5% | 2.6% |
现金转化率BDCDAN
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | 1.34× | ||
| Q2 25 | 1.34× | 1.19× | ||
| Q1 25 | 0.14× | -1.48× | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | 8.75× | ||
| Q2 24 | 1.69× | 13.44× | ||
| Q1 24 | 0.07× | -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
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
DAN
| Light Vehicle Segment | $912.0M | 70% |
| Commercial Vehicle Segment | $218.0M | 17% |
| Other | $166.0M | 13% |
