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BENCHMARK ELECTRONICS INC（BHE）与盖尔斯（GES）财务数据对比。点击上方公司名可切换其他公司
盖尔斯的季度营收约是BENCHMARK ELECTRONICS INC的1.1倍（$791.4M vs $725.8M），盖尔斯同比增速更快（7.2% vs 6.2%），BENCHMARK ELECTRONICS INC自由现金流更多（$48.2M vs $-56.3M），过去两年BENCHMARK ELECTRONICS INC的营收复合增速更高（1.1% vs -5.8%）
Benchmark Electronics Inc是总部位于美国亚利桑那州坦佩市的电子制造服务（EMS）、原始设计制造（ODM）及原始设备制造（OEM）企业，为客户提供专业的合同制造服务，业务覆盖全球多个区域的电子产业链需求。
盖尔斯是美国知名服饰品牌企业，以标志性的黑白风格广告广为人知。除核心服饰产品外，品牌还通过品牌授权模式推出腕表、珠宝、香水、包袋、鞋履等各类时尚配饰，在全球时尚消费市场拥有较高知名度。
BHE vs GES — 直观对比
营收规模更大
GES
是对方的1.1倍
$725.8M
营收增速更快
GES
高出1.0%
6.2%
自由现金流更多
BHE
多$104.6M
$-56.3M
两年增速更快
BHE
近两年复合增速
-5.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $725.8M | $791.4M |
| 净利润 | — | $25.6M |
| 毛利率 | 10.2% | 42.5% |
| 营业利润率 | 2.8% | 2.9% |
| 净利率 | — | 3.2% |
| 营收同比 | 6.2% | 7.2% |
| 净利润同比 | — | 209.6% |
| 每股收益（稀释后） | $0.16 | $0.48 |
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BHEGES
| Q4 25 | $725.8M | $791.4M | ||
| Q3 25 | $702.6M | $772.9M | ||
| Q2 25 | $665.7M | $647.8M | ||
| Q1 25 | $654.6M | $932.3M | ||
| Q4 24 | $683.6M | $738.5M | ||
| Q3 24 | $680.0M | $732.6M | ||
| Q2 24 | $686.7M | $591.9M | ||
| Q1 24 | $710.6M | $891.0M |
净利润BHEGES
| Q4 25 | — | $25.6M | ||
| Q3 25 | $14.3M | $6.2M | ||
| Q2 25 | $972.0K | $-32.9M | ||
| Q1 25 | $3.6M | $81.4M | ||
| Q4 24 | — | $-23.4M | ||
| Q3 24 | $15.4M | $-10.6M | ||
| Q2 24 | $15.5M | $13.0M | ||
| Q1 24 | $14.0M | $115.3M |
毛利率BHEGES
| Q4 25 | 10.2% | 42.5% | ||
| Q3 25 | 9.7% | 42.5% | ||
| Q2 25 | 9.7% | 39.9% | ||
| Q1 25 | 9.7% | 44.1% | ||
| Q4 24 | 9.9% | 43.6% | ||
| Q3 24 | 9.8% | 43.7% | ||
| Q2 24 | 9.9% | 41.9% | ||
| Q1 24 | 9.5% | 45.4% |
营业利润率BHEGES
| Q4 25 | 2.8% | 2.9% | ||
| Q3 25 | 3.4% | 2.3% | ||
| Q2 25 | 3.1% | -5.1% | ||
| Q1 25 | 1.8% | 11.1% | ||
| Q4 24 | 4.2% | 5.7% | ||
| Q3 24 | 4.1% | 6.5% | ||
| Q2 24 | 4.0% | -3.4% | ||
| Q1 24 | 3.6% | 16.3% |
净利率BHEGES
| Q4 25 | — | 3.2% | ||
| Q3 25 | 2.0% | 0.8% | ||
| Q2 25 | 0.1% | -5.1% | ||
| Q1 25 | 0.6% | 8.7% | ||
| Q4 24 | — | -3.2% | ||
| Q3 24 | 2.3% | -1.4% | ||
| Q2 24 | 2.3% | 2.2% | ||
| Q1 24 | 2.0% | 12.9% |
每股收益（稀释后）BHEGES
| Q4 25 | $0.16 | $0.48 | ||
| Q3 25 | $0.39 | $0.12 | ||
| Q2 25 | $0.03 | $-0.65 | ||
| Q1 25 | $0.10 | $1.29 | ||
| Q4 24 | $0.43 | $-0.47 | ||
| Q3 24 | $0.42 | $-0.28 | ||
| Q2 24 | $0.43 | $0.23 | ||
| Q1 24 | $0.38 | $1.90 |
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 | $322.1M | $154.2M |
| 总债务越低越好 | $206.8M | $299.5M |
| 股东权益账面价值 | $1.1B | $508.5M |
| 总资产 | $2.1B | $3.0B |
| 负债/权益比越低杠杆越低 | 0.19× | 0.59× |
8季度趋势，按日历期对齐
现金及短期投资BHEGES
| Q4 25 | $322.1M | $154.2M | ||
| Q3 25 | $285.4M | $189.6M | ||
| Q2 25 | $264.6M | $151.2M | ||
| Q1 25 | $355.3M | $187.7M | ||
| Q4 24 | $315.2M | $140.9M | ||
| Q3 24 | $324.4M | $218.9M | ||
| Q2 24 | $309.3M | $241.7M | ||
| Q1 24 | $296.1M | $360.3M |
总债务BHEGES
| Q4 25 | $206.8M | $299.5M | ||
| Q3 25 | $212.6M | $258.4M | ||
| Q2 25 | $203.4M | $241.7M | ||
| Q1 25 | $268.9M | $150.7M | ||
| Q4 24 | $250.5M | $238.3M | ||
| Q3 24 | $272.0M | $187.8M | ||
| Q2 24 | $283.6M | $196.9M | ||
| Q1 24 | $310.1M | $28.2M |
股东权益BHEGES
| Q4 25 | $1.1B | $508.5M | ||
| Q3 25 | $1.1B | $487.6M | ||
| Q2 25 | $1.1B | $483.6M | ||
| Q1 25 | $1.1B | $505.0M | ||
| Q4 24 | $1.1B | $450.7M | ||
| Q3 24 | $1.1B | $491.2M | ||
| Q2 24 | $1.1B | $565.5M | ||
| Q1 24 | $1.1B | $684.9M |
总资产BHEGES
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.1B | $3.0B | ||
| Q2 25 | $2.0B | $2.9B | ||
| Q1 25 | $2.1B | $2.8B | ||
| Q4 24 | $2.1B | $2.8B | ||
| Q3 24 | $2.1B | $2.8B | ||
| Q2 24 | $2.2B | $2.7B | ||
| Q1 24 | $2.2B | $2.6B |
负债/权益比BHEGES
| Q4 25 | 0.19× | 0.59× | ||
| Q3 25 | 0.19× | 0.53× | ||
| Q2 25 | 0.18× | 0.50× | ||
| Q1 25 | 0.24× | 0.30× | ||
| Q4 24 | 0.23× | 0.53× | ||
| Q3 24 | 0.25× | 0.38× | ||
| Q2 24 | 0.26× | 0.35× | ||
| Q1 24 | 0.29× | 0.04× |
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 | $58.7M | $-39.5M |
| 自由现金流经营现金流 - 资本支出 | $48.2M | $-56.3M |
| 自由现金流率自由现金流/营收 | 6.6% | -7.1% |
| 资本支出强度资本支出/营收 | 1.4% | 2.1% |
| 现金转化率经营现金流/净利润 | — | -1.54× |
| 过去12个月自由现金流最近4个季度 | $88.4M | $62.5M |
8季度趋势，按日历期对齐
经营现金流BHEGES
| Q4 25 | $58.7M | $-39.5M | ||
| Q3 25 | $36.6M | $74.9M | ||
| Q2 25 | $-2.8M | $-73.4M | ||
| Q1 25 | $31.5M | $183.2M | ||
| Q4 24 | $45.9M | $-83.3M | ||
| Q3 24 | $39.0M | $44.7M | ||
| Q2 24 | $55.8M | $-22.9M | ||
| Q1 24 | $48.5M | $289.5M |
自由现金流BHEGES
| Q4 25 | $48.2M | $-56.3M | ||
| Q3 25 | $25.8M | $53.4M | ||
| Q2 25 | $-13.8M | $-95.3M | ||
| Q1 25 | $28.1M | $160.7M | ||
| Q4 24 | $37.2M | $-105.4M | ||
| Q3 24 | $29.2M | $24.3M | ||
| Q2 24 | $48.2M | $-44.0M | ||
| Q1 24 | $43.3M | $267.8M |
自由现金流率BHEGES
| Q4 25 | 6.6% | -7.1% | ||
| Q3 25 | 3.7% | 6.9% | ||
| Q2 25 | -2.1% | -14.7% | ||
| Q1 25 | 4.3% | 17.2% | ||
| Q4 24 | 5.4% | -14.3% | ||
| Q3 24 | 4.3% | 3.3% | ||
| Q2 24 | 7.0% | -7.4% | ||
| Q1 24 | 6.1% | 30.1% |
资本支出强度BHEGES
| Q4 25 | 1.4% | 2.1% | ||
| Q3 25 | 1.5% | 2.8% | ||
| Q2 25 | 1.7% | 3.4% | ||
| Q1 25 | 0.5% | 2.4% | ||
| Q4 24 | 1.3% | 3.0% | ||
| Q3 24 | 1.4% | 2.8% | ||
| Q2 24 | 1.1% | 3.6% | ||
| Q1 24 | 0.7% | 2.4% |
现金转化率BHEGES
| Q4 25 | — | -1.54× | ||
| Q3 25 | 2.57× | 12.00× | ||
| Q2 25 | -2.90× | — | ||
| Q1 25 | 8.65× | 2.25× | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.54× | — | ||
| Q2 24 | 3.59× | -1.76× | ||
| Q1 24 | 3.46× | 2.51× |
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
BHE
| Other | $384.9M | 53% |
| Aerospace And Defense Sector | $107.6M | 15% |
| Healthcare Sector | $81.7M | 11% |
| Advanced Computing And Communications Sector | $70.0M | 10% |
| Semi Cap Sector | $45.4M | 6% |
| Industrial Sector | $25.2M | 3% |
| Intersegment Sales | $11.0M | 2% |
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
