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百通（BDC）与康宁（GLW）财务数据对比。点击上方公司名可切换其他公司
康宁的季度营收约是百通的5.9倍（$4.2B vs $720.1M）。康宁净利率更高（12.8% vs 9.4%，领先3.4%）。康宁同比增速更快（20.4% vs 8.1%）。康宁自由现金流更多（$620.0M vs $121.3M）。过去两年康宁的营收复合增速更高（19.0% vs 15.9%）
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。
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
BDC vs GLW — 直观对比
营收规模更大
GLW
是对方的5.9倍
$720.1M
营收增速更快
GLW
高出12.3%
8.1%
净利率更高
GLW
高出3.4%
9.4%
自由现金流更多
GLW
多$498.8M
$121.3M
两年增速更快
GLW
近两年复合增速
15.9%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $720.1M | $4.2B |
| 净利润 | $67.9M | $540.0M |
| 毛利率 | 36.6% | 35.5% |
| 营业利润率 | 12.2% | 15.9% |
| 净利率 | 9.4% | 12.8% |
| 营收同比 | 8.1% | 20.4% |
| 净利润同比 | 16.3% | 74.2% |
| 每股收益（稀释后） | $1.70 | $0.61 |
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BDCGLW
| Q4 25 | $720.1M | $4.2B | ||
| Q3 25 | $698.2M | $4.1B | ||
| Q2 25 | $672.0M | $3.9B | ||
| Q1 25 | $624.9M | $3.5B | ||
| Q4 24 | $666.0M | $3.5B | ||
| Q3 24 | $654.9M | $3.4B | ||
| Q2 24 | $604.3M | $3.3B | ||
| Q1 24 | $535.7M | $3.0B |
净利润BDCGLW
| Q4 25 | $67.9M | $540.0M | ||
| Q3 25 | $56.7M | $430.0M | ||
| Q2 25 | $61.0M | $469.0M | ||
| Q1 25 | $51.9M | $157.0M | ||
| Q4 24 | $58.4M | $310.0M | ||
| Q3 24 | $53.7M | $-117.0M | ||
| Q2 24 | $49.0M | $104.0M | ||
| Q1 24 | $37.3M | $209.0M |
毛利率BDCGLW
| Q4 25 | 36.6% | 35.5% | ||
| Q3 25 | 37.7% | 37.1% | ||
| Q2 25 | 38.5% | 36.0% | ||
| Q1 25 | 39.3% | 35.2% | ||
| Q4 24 | 37.5% | 34.2% | ||
| Q3 24 | 37.3% | 33.5% | ||
| Q2 24 | 37.5% | 29.2% | ||
| Q1 24 | 37.6% | 33.4% |
营业利润率BDCGLW
| Q4 25 | 12.2% | 15.9% | ||
| Q3 25 | 10.9% | 14.4% | ||
| Q2 25 | 11.8% | 14.8% | ||
| Q1 25 | 11.6% | 12.9% | ||
| Q4 24 | 10.4% | 11.2% | ||
| Q3 24 | 11.5% | 8.9% | ||
| Q2 24 | 11.4% | 5.7% | ||
| Q1 24 | 9.9% | 8.5% |
净利率BDCGLW
| Q4 25 | 9.4% | 12.8% | ||
| Q3 25 | 8.1% | 10.5% | ||
| Q2 25 | 9.1% | 12.1% | ||
| Q1 25 | 8.3% | 4.5% | ||
| Q4 24 | 8.8% | 8.9% | ||
| Q3 24 | 8.2% | -3.5% | ||
| Q2 24 | 8.1% | 3.2% | ||
| Q1 24 | 7.0% | 7.0% |
每股收益（稀释后）BDCGLW
| Q4 25 | $1.70 | $0.61 | ||
| Q3 25 | $1.41 | $0.50 | ||
| Q2 25 | $1.53 | $0.54 | ||
| Q1 25 | $1.27 | $0.18 | ||
| Q4 24 | $1.41 | $0.36 | ||
| Q3 24 | $1.30 | $-0.14 | ||
| Q2 24 | $1.19 | $0.12 | ||
| Q1 24 | $0.90 | $0.24 |
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 | $1.5B |
| 总债务越低越好 | — | $7.6B |
| 股东权益账面价值 | $1.3B | $11.8B |
| 总资产 | $3.5B | $31.0B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资BDCGLW
| Q4 25 | $389.9M | $1.5B | ||
| Q3 25 | $314.3M | — | ||
| Q2 25 | $301.5M | — | ||
| Q1 25 | $259.0M | — | ||
| Q4 24 | $370.3M | $1.8B | ||
| Q3 24 | $323.0M | — | ||
| Q2 24 | $564.8M | — | ||
| Q1 24 | $506.8M | — |
总债务BDCGLW
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $7.4B | ||
| Q2 25 | — | $6.7B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $7.1B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.0B |
股东权益BDCGLW
| Q4 25 | $1.3B | $11.8B | ||
| Q3 25 | $1.2B | $11.5B | ||
| Q2 25 | $1.2B | $11.1B | ||
| Q1 25 | $1.2B | $10.7B | ||
| Q4 24 | $1.3B | $10.7B | ||
| Q3 24 | $1.2B | $11.1B | ||
| Q2 24 | $1.2B | $10.6B | ||
| Q1 24 | $1.2B | $11.2B |
总资产BDCGLW
| Q4 25 | $3.5B | $31.0B | ||
| Q3 25 | $3.4B | $29.9B | ||
| Q2 25 | $3.4B | $28.7B | ||
| Q1 25 | $3.3B | $27.4B | ||
| Q4 24 | $3.3B | $27.7B | ||
| Q3 24 | $3.3B | $28.3B | ||
| Q2 24 | $3.5B | $27.2B | ||
| Q1 24 | $3.1B | $27.6B |
负债/权益比BDCGLW
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.63× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $121.3M | $620.0M |
| 自由现金流率自由现金流/营收 | 16.8% | 14.7% |
| 资本支出强度资本支出/营收 | 5.4% | 10.2% |
| 现金转化率经营现金流/净利润 | 2.36× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $218.7M | $1.4B |
8季度趋势，按日历期对齐
经营现金流BDCGLW
| Q4 25 | $160.4M | $1.1B | ||
| Q3 25 | $105.0M | $784.0M | ||
| Q2 25 | $82.0M | $708.0M | ||
| Q1 25 | $7.4M | $151.0M | ||
| Q4 24 | $174.7M | $623.0M | ||
| Q3 24 | $91.7M | $699.0M | ||
| Q2 24 | $83.0M | $521.0M | ||
| Q1 24 | $2.7M | $96.0M |
自由现金流BDCGLW
| Q4 25 | $121.3M | $620.0M | ||
| Q3 25 | $65.3M | $450.0M | ||
| Q2 25 | $56.9M | $400.0M | ||
| Q1 25 | $-24.8M | $-57.0M | ||
| Q4 24 | $116.4M | $369.0M | ||
| Q3 24 | $67.2M | $482.0M | ||
| Q2 24 | $61.0M | $279.0M | ||
| Q1 24 | $-21.5M | $-156.0M |
自由现金流率BDCGLW
| Q4 25 | 16.8% | 14.7% | ||
| Q3 25 | 9.4% | 11.0% | ||
| Q2 25 | 8.5% | 10.4% | ||
| Q1 25 | -4.0% | -1.7% | ||
| Q4 24 | 17.5% | 10.5% | ||
| Q3 24 | 10.3% | 14.2% | ||
| Q2 24 | 10.1% | 8.6% | ||
| Q1 24 | -4.0% | -5.2% |
资本支出强度BDCGLW
| Q4 25 | 5.4% | 10.2% | ||
| Q3 25 | 5.7% | 8.1% | ||
| Q2 25 | 3.7% | 8.0% | ||
| Q1 25 | 5.2% | 6.0% | ||
| Q4 24 | 8.8% | 7.3% | ||
| Q3 24 | 3.7% | 6.4% | ||
| Q2 24 | 3.6% | 7.4% | ||
| Q1 24 | 4.5% | 8.5% |
现金转化率BDCGLW
| Q4 25 | 2.36× | 1.95× | ||
| Q3 25 | 1.85× | 1.82× | ||
| Q2 25 | 1.34× | 1.51× | ||
| Q1 25 | 0.14× | 0.96× | ||
| Q4 24 | 2.99× | 2.01× | ||
| Q3 24 | 1.71× | — | ||
| Q2 24 | 1.69× | 5.01× | ||
| Q1 24 | 0.07× | 0.46× |
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% |
GLW
暂无分部数据
