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富兰克林邓普顿（BEN）与Wabtec（WAB）财务数据对比。点击上方公司名可切换其他公司
Wabtec的季度营收约是富兰克林邓普顿的1.3倍（$3.0B vs $2.3B），Wabtec净利率更高（12.3% vs 11.0%，领先1.3%），Wabtec同比增速更快（13.0% vs 3.4%），过去两年Wabtec的营收复合增速更高（5.6% vs 4.0%）
富兰克林资源（运营品牌为富兰克林邓普顿）是美国跨国投资管理控股集团，1947年创立于纽约，纽交所上市代码为BEN，命名源自创始人敬仰的本杰明·富兰克林，是全球知名的综合投资服务机构。
西屋空气制动技术公司（通称Wabtec）是美国知名轨道交通设备企业，1999年由西屋空气制动公司（WABCO）与动力设备厂商MotivePower合并组建，总部设于宾夕法尼亚州匹兹堡，在全球轨交制动系统、牵引动力设备等领域拥有领先的技术实力与市场份额。
BEN vs WAB — 直观对比
营收规模更大
WAB
是对方的1.3倍
$2.3B
营收增速更快
WAB
高出9.7%
3.4%
净利率更高
WAB
高出1.3%
11.0%
两年增速更快
WAB
近两年复合增速
4.0%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $2.3B | $3.0B |
| 净利润 | $255.5M | $363.0M |
| 毛利率 | — | 36.0% |
| 营业利润率 | 12.1% | 17.5% |
| 净利率 | 11.0% | 12.3% |
| 营收同比 | 3.4% | 13.0% |
| 净利润同比 | 56.2% | 11.0% |
| 每股收益（稀释后） | $0.46 | $2.12 |
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BENWAB
| Q1 26 | — | $3.0B | ||
| Q4 25 | $2.3B | $3.0B | ||
| Q3 25 | $2.3B | $2.9B | ||
| Q2 25 | $2.1B | $2.7B | ||
| Q1 25 | $2.1B | $2.6B | ||
| Q4 24 | $2.3B | $2.6B | ||
| Q3 24 | $2.2B | $2.7B | ||
| Q2 24 | $2.1B | $2.6B |
净利润BENWAB
| Q1 26 | — | $363.0M | ||
| Q4 25 | $255.5M | $202.0M | ||
| Q3 25 | $117.6M | $310.0M | ||
| Q2 25 | $92.3M | $336.0M | ||
| Q1 25 | $151.4M | $322.0M | ||
| Q4 24 | $163.6M | $212.0M | ||
| Q3 24 | $-84.7M | $283.0M | ||
| Q2 24 | $174.0M | $289.0M |
毛利率BENWAB
| Q1 26 | — | 36.0% | ||
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.7% | ||
| Q1 25 | — | 34.5% | ||
| Q4 24 | — | 30.9% | ||
| Q3 24 | — | 33.0% | ||
| Q2 24 | — | 33.1% |
营业利润率BENWAB
| Q1 26 | — | 17.5% | ||
| Q4 25 | 12.1% | 12.0% | ||
| Q3 25 | 3.6% | 17.0% | ||
| Q2 25 | 7.5% | 17.4% | ||
| Q1 25 | 6.9% | 18.2% | ||
| Q4 24 | 9.7% | 12.9% | ||
| Q3 24 | -6.8% | 16.3% | ||
| Q2 24 | 10.5% | 16.3% |
净利率BENWAB
| Q1 26 | — | 12.3% | ||
| Q4 25 | 11.0% | 6.8% | ||
| Q3 25 | 5.0% | 10.7% | ||
| Q2 25 | 4.5% | 12.4% | ||
| Q1 25 | 7.2% | 12.3% | ||
| Q4 24 | 7.3% | 8.2% | ||
| Q3 24 | -3.8% | 10.6% | ||
| Q2 24 | 8.2% | 10.9% |
每股收益（稀释后）BENWAB
| Q1 26 | — | $2.12 | ||
| Q4 25 | $0.46 | $1.18 | ||
| Q3 25 | $0.21 | $1.81 | ||
| Q2 25 | $0.15 | $1.96 | ||
| Q1 25 | $0.26 | $1.88 | ||
| Q4 24 | $0.29 | $1.24 | ||
| Q3 24 | $-0.20 | $1.63 | ||
| Q2 24 | $0.32 | $1.64 |
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 | — | — |
| 总债务越低越好 | $2.4B | $4.7B |
| 股东权益账面价值 | $12.1B | $11.1B |
| 总资产 | $32.5B | $23.2B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.42× |
8季度趋势，按日历期对齐
总债务BENWAB
| Q1 26 | — | $4.7B | ||
| Q4 25 | $2.4B | $5.5B | ||
| Q3 25 | $2.4B | $5.3B | ||
| Q2 25 | $2.7B | $4.8B | ||
| Q1 25 | $2.7B | $4.0B | ||
| Q4 24 | $2.8B | $4.0B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $3.0B | $4.0B |
股东权益BENWAB
| Q1 26 | — | $11.1B | ||
| Q4 25 | $12.1B | $11.1B | ||
| Q3 25 | $12.1B | $11.0B | ||
| Q2 25 | $12.2B | $10.8B | ||
| Q1 25 | $12.3B | $10.4B | ||
| Q4 24 | $12.5B | $10.1B | ||
| Q3 24 | $12.5B | $10.3B | ||
| Q2 24 | $12.9B | $10.5B |
总资产BENWAB
| Q1 26 | — | $23.2B | ||
| Q4 25 | $32.5B | $22.1B | ||
| Q3 25 | $32.4B | $21.5B | ||
| Q2 25 | $32.6B | $20.4B | ||
| Q1 25 | $32.0B | $19.1B | ||
| Q4 24 | $32.4B | $18.7B | ||
| Q3 24 | $32.5B | $18.6B | ||
| Q2 24 | $33.3B | $18.9B |
负债/权益比BENWAB
| Q1 26 | — | 0.42× | ||
| Q4 25 | 0.19× | 0.50× | ||
| Q3 25 | 0.20× | 0.48× | ||
| Q2 25 | 0.22× | 0.44× | ||
| Q1 25 | 0.22× | 0.39× | ||
| Q4 24 | 0.22× | 0.39× | ||
| Q3 24 | 0.22× | 0.39× | ||
| Q2 24 | 0.24× | 0.38× |
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 | $-255.1M | $199.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | -1.00× | 0.55× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流BENWAB
| Q1 26 | — | $199.0M | ||
| Q4 25 | $-255.1M | $992.0M | ||
| Q3 25 | $-20.7M | $367.0M | ||
| Q2 25 | $1.3B | $209.0M | ||
| Q1 25 | $-50.1M | $191.0M | ||
| Q4 24 | $-145.2M | $723.0M | ||
| Q3 24 | $558.2M | $542.0M | ||
| Q2 24 | $528.4M | $235.0M |
自由现金流BENWAB
| Q1 26 | — | — | ||
| Q4 25 | — | $870.0M | ||
| Q3 25 | $-51.9M | $312.0M | ||
| Q2 25 | $1.3B | $170.0M | ||
| Q1 25 | $-87.6M | $147.0M | ||
| Q4 24 | $-217.0M | $639.0M | ||
| Q3 24 | $488.4M | $496.0M | ||
| Q2 24 | $482.3M | $189.0M |
自由现金流率BENWAB
| Q1 26 | — | — | ||
| Q4 25 | — | 29.3% | ||
| Q3 25 | -2.2% | 10.8% | ||
| Q2 25 | 61.4% | 6.3% | ||
| Q1 25 | -4.1% | 5.6% | ||
| Q4 24 | -9.6% | 24.7% | ||
| Q3 24 | 22.1% | 18.6% | ||
| Q2 24 | 22.7% | 7.1% |
资本支出强度BENWAB
| Q1 26 | — | — | ||
| Q4 25 | — | 4.1% | ||
| Q3 25 | 1.3% | 1.9% | ||
| Q2 25 | 0.7% | 1.4% | ||
| Q1 25 | 1.8% | 1.7% | ||
| Q4 24 | 3.2% | 3.3% | ||
| Q3 24 | 3.2% | 1.7% | ||
| Q2 24 | 2.2% | 1.7% |
现金转化率BENWAB
| Q1 26 | — | 0.55× | ||
| Q4 25 | -1.00× | 4.91× | ||
| Q3 25 | -0.18× | 1.18× | ||
| Q2 25 | 13.89× | 0.62× | ||
| Q1 25 | -0.33× | 0.59× | ||
| Q4 24 | -0.89× | 3.41× | ||
| Q3 24 | — | 1.92× | ||
| Q2 24 | 3.04× | 0.81× |
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
BEN
| Investment Advisory Management And Administrative Service | $1.8B | 79% |
| Sales And Distribution Fees | $388.7M | 17% |
| Shareholder Service | $70.9M | 3% |
| Service Other | $19.6M | 1% |
WAB
暂无分部数据
