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百通（BDC）与天宝（TRMB）财务数据对比。点击上方公司名可切换其他公司
天宝的季度营收约是百通的1.3倍（$969.8M vs $720.1M），天宝净利率更高（16.1% vs 9.4%，领先6.7%），百通同比增速更快（8.1% vs -73.7%），天宝自由现金流更多（$360.9M vs $121.3M），过去两年百通的营收复合增速更高（15.9% vs 0.9%）
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。
天宝（Trimble Inc.）是1978年成立的美国科技企业，总部位于科罗拉多州威斯敏斯特，于纳斯达克上市，为标普500成分股。公司面向建筑工程、地理空间测绘、交通物流等多个行业，提供软硬件产品及相关技术服务。
BDC vs TRMB — 直观对比
营收规模更大
TRMB
是对方的1.3倍
$720.1M
营收增速更快
BDC
高出81.8%
-73.7%
净利率更高
TRMB
高出6.7%
9.4%
自由现金流更多
TRMB
多$239.7M
$121.3M
两年增速更快
BDC
近两年复合增速
0.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $720.1M | $969.8M |
| 净利润 | $67.9M | $156.6M |
| 毛利率 | 36.6% | 72.0% |
| 营业利润率 | 12.2% | 22.3% |
| 净利率 | 9.4% | 16.1% |
| 营收同比 | 8.1% | -73.7% |
| 净利润同比 | 16.3% | 73.6% |
| 每股收益（稀释后） | $1.70 | $0.65 |
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BDCTRMB
| Q4 25 | $720.1M | $901.2M | ||
| Q3 25 | $698.2M | $875.7M | ||
| Q2 25 | $672.0M | $840.6M | ||
| Q1 25 | $624.9M | $983.4M | ||
| Q4 24 | $666.0M | — | ||
| Q3 24 | $654.9M | $875.8M | ||
| Q2 24 | $604.3M | $870.8M | ||
| Q1 24 | $535.7M | $953.3M |
净利润BDCTRMB
| Q4 25 | $67.9M | $111.5M | ||
| Q3 25 | $56.7M | $89.2M | ||
| Q2 25 | $61.0M | $66.7M | ||
| Q1 25 | $51.9M | $90.2M | ||
| Q4 24 | $58.4M | — | ||
| Q3 24 | $53.7M | $40.6M | ||
| Q2 24 | $49.0M | $1.3B | ||
| Q1 24 | $37.3M | $57.2M |
毛利率BDCTRMB
| Q4 25 | 36.6% | 68.9% | ||
| Q3 25 | 37.7% | 68.3% | ||
| Q2 25 | 38.5% | 66.7% | ||
| Q1 25 | 39.3% | 69.3% | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 37.3% | 65.7% | ||
| Q2 24 | 37.5% | 62.7% | ||
| Q1 24 | 37.6% | 62.3% |
营业利润率BDCTRMB
| Q4 25 | 12.2% | 16.7% | ||
| Q3 25 | 10.9% | 14.6% | ||
| Q2 25 | 11.8% | 11.6% | ||
| Q1 25 | 11.6% | 17.6% | ||
| Q4 24 | 10.4% | — | ||
| Q3 24 | 11.5% | 13.3% | ||
| Q2 24 | 11.4% | 7.1% | ||
| Q1 24 | 9.9% | 11.5% |
净利率BDCTRMB
| Q4 25 | 9.4% | 12.4% | ||
| Q3 25 | 8.1% | 10.2% | ||
| Q2 25 | 9.1% | 7.9% | ||
| Q1 25 | 8.3% | 9.2% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 8.2% | 4.6% | ||
| Q2 24 | 8.1% | 151.2% | ||
| Q1 24 | 7.0% | 6.0% |
每股收益（稀释后）BDCTRMB
| Q4 25 | $1.70 | $0.46 | ||
| Q3 25 | $1.41 | $0.37 | ||
| Q2 25 | $1.53 | $0.27 | ||
| Q1 25 | $1.27 | $0.36 | ||
| Q4 24 | $1.41 | — | ||
| Q3 24 | $1.30 | $0.16 | ||
| Q2 24 | $1.19 | $5.34 | ||
| Q1 24 | $0.90 | $0.23 |
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 | $253.4M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $1.3B | $5.8B |
| 总资产 | $3.5B | $9.3B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资BDCTRMB
| Q4 25 | $389.9M | $232.7M | ||
| Q3 25 | $314.3M | $265.9M | ||
| Q2 25 | $301.5M | $290.0M | ||
| Q1 25 | $259.0M | $738.8M | ||
| Q4 24 | $370.3M | — | ||
| Q3 24 | $323.0M | $1.0B | ||
| Q2 24 | $564.8M | $944.1M | ||
| Q1 24 | $506.8M | $255.1M |
总债务BDCTRMB
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益BDCTRMB
| Q4 25 | $1.3B | $5.8B | ||
| Q3 25 | $1.2B | $5.7B | ||
| Q2 25 | $1.2B | $5.4B | ||
| Q1 25 | $1.2B | $5.7B | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | $5.9B | ||
| Q2 24 | $1.2B | $5.6B | ||
| Q1 24 | $1.2B | $4.3B |
总资产BDCTRMB
| Q4 25 | $3.5B | $9.0B | ||
| Q3 25 | $3.4B | $9.1B | ||
| Q2 25 | $3.4B | $8.9B | ||
| Q1 25 | $3.3B | $9.5B | ||
| Q4 24 | $3.3B | — | ||
| Q3 24 | $3.3B | $9.9B | ||
| Q2 24 | $3.5B | $9.6B | ||
| Q1 24 | $3.1B | $9.3B |
负债/权益比BDCTRMB
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | — | ||
| 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 | $160.4M | $386.2M |
| 自由现金流经营现金流 - 资本支出 | $121.3M | $360.9M |
| 自由现金流率自由现金流/营收 | 16.8% | 37.2% |
| 资本支出强度资本支出/营收 | 5.4% | 2.6% |
| 现金转化率经营现金流/净利润 | 2.36× | 2.47× |
| 过去12个月自由现金流最近4个季度 | $218.7M | — |
8季度趋势，按日历期对齐
经营现金流BDCTRMB
| Q4 25 | $160.4M | — | ||
| Q3 25 | $105.0M | $123.8M | ||
| Q2 25 | $82.0M | $155.6M | ||
| Q1 25 | $7.4M | $115.1M | ||
| Q4 24 | $174.7M | — | ||
| Q3 24 | $91.7M | $94.9M | ||
| Q2 24 | $83.0M | $87.6M | ||
| Q1 24 | $2.7M | $233.8M |
自由现金流BDCTRMB
| Q4 25 | $121.3M | — | ||
| Q3 25 | $65.3M | $116.6M | ||
| Q2 25 | $56.9M | $149.0M | ||
| Q1 25 | $-24.8M | $109.0M | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $67.2M | $88.5M | ||
| Q2 24 | $61.0M | $73.3M | ||
| Q1 24 | $-21.5M | $227.0M |
自由现金流率BDCTRMB
| Q4 25 | 16.8% | — | ||
| Q3 25 | 9.4% | 13.3% | ||
| Q2 25 | 8.5% | 17.7% | ||
| Q1 25 | -4.0% | 11.1% | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 10.3% | 10.1% | ||
| Q2 24 | 10.1% | 8.4% | ||
| Q1 24 | -4.0% | 23.8% |
资本支出强度BDCTRMB
| Q4 25 | 5.4% | — | ||
| Q3 25 | 5.7% | 0.8% | ||
| Q2 25 | 3.7% | 0.8% | ||
| Q1 25 | 5.2% | 0.6% | ||
| Q4 24 | 8.8% | — | ||
| Q3 24 | 3.7% | 0.7% | ||
| Q2 24 | 3.6% | 1.6% | ||
| Q1 24 | 4.5% | 0.7% |
现金转化率BDCTRMB
| Q4 25 | 2.36× | — | ||
| Q3 25 | 1.85× | 1.39× | ||
| Q2 25 | 1.34× | 2.33× | ||
| Q1 25 | 0.14× | 1.28× | ||
| Q4 24 | 2.99× | — | ||
| Q3 24 | 1.71× | 2.34× | ||
| Q2 24 | 1.69× | 0.07× | ||
| Q1 24 | 0.07× | 4.09× |
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
BDC
| Automation Solutions Segment | $397.7M | 55% |
| Broadband Solutions | $164.8M | 23% |
| Smart Buildings Solutions | $157.7M | 22% |
TRMB
| Subscription and services | $701.5M | 72% |
| Product | $268.3M | 28% |
